Category: Gold and Silver 2012
The analysis published under this category are as follows.Sunday, January 29, 2012
Comex Silver Futures to Bullion Leverage Reaches 6.8 to 1 / Commodities / Gold and Silver 2012
There are 49,436 contracts currently open for the next delivery month which is March 2012. Each contract represents 5,000 ounces. That is 247.18 million ounces of silver being traded for March delivery against a registered 36.56 million ounces. This is a subset of all the contracts going out over the year.
The is leverage of about 6.8 to 1. It 'works' because most contracts are speculative and settled for cash. Comex is not where one goes for the delivery of a large amount of silver.
Read full article... Read full article...
Sunday, January 29, 2012
Iran Sanctions Conducive to Weak Dollar and Spiralling Gold Prices / Politics / Gold and Silver 2012
We are trying to figure out the best way to describe the banking and oil sanctions against Iran, which are blatant acts of war. Just look back in history at similar situations and you will see what we are referring too. It is simple incompetence or is the allied plan a false flag feint in order to distract attention away from debt problems?
Read full article... Read full article...
Sunday, January 29, 2012
Silver Epic Reversal / Commodities / Gold and Silver 2012
On January 11th, we expected the US Dollar to top as Sentiment was uber-bullish, which would lead to a nice rally for Gold, Silver, and (Mining) stocks. That day, the USD index closed at 81.35, Silver at $29.89, and Gold at $1,641. (Click HERE for the article)
Today, the USD stands at 78.90, Silver at $33.89 and Gold at $1,733.50, so we got what we expected.
Read full article... Read full article...
Saturday, January 28, 2012
It's Time to Get into Gold Junior Miners / Commodities / Gold and Silver 2012
Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.
Read full article... Read full article...
Saturday, January 28, 2012
Central Bank Gold Joining the Dots / Commodities / Gold and Silver 2012
Yes, central banks are holding more gold. But they're holding very much more wood-pulp on top...
THE GOLD PRICE on Wednesday broke up through the downtrend starting at last summer's record high. Or so a technical analyst studying the price chart would tell you.
Friday, January 27, 2012
Stock Market and the Dollar Sustain the Bullish Environment for Gold and Silver / Commodities / Gold and Silver 2012
This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck. This year is supposed to be even more auspicious since it's a Water Dragon year, something that occurs once every 60 years. We admit that we don't yet use the Chinese Horoscope as a technical indicator, and who knows, perhaps we should. One thing is certain—the Year of the Dragon began with an auspicious move for precious metals.
Read full article... Read full article...
Friday, January 27, 2012
With Friends Like These Does Gold Need an Official QE3? / Commodities / Gold and Silver 2012
Although the trading week started quietly for precious metals, gold and silver surged after the Federal Reserve’s latest Federal Open Market Committee meeting. On Wednesday, the Fed announced it will not increase its benchmark interest rate until at least late 2014, citing that record-low interest rates are still needed to help boost the sluggish economy. Furthermore, Fed Chairman Ben Bernanke explained that quantitative easing is “an option that certainly is on the table.”
Read full article... Read full article...
Friday, January 27, 2012
Gold GLD ETF Investors Mass Exodus / Commodities / Gold and Silver 2012
Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory. One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the notion that there would be widespread liquidations in the flagship GLD gold ETF, a mass exodus of capital.
Read full article... Read full article...
Friday, January 27, 2012
Gold Has Foundation to Build Next Move Higher Following FOMC Catalyst / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices were headed for their biggest one-week rise since the start of December Friday lunchtime in London, climbing back through $1720 an ounce – a weekly gain of over 3%.
Silver prices meantime hovered around $33.60 per ounce – 4.2% up on last week's close – while other stocks and commodities were broadly flat and US Treasury bond prices slipped.
Read full article... Read full article...
Friday, January 27, 2012
Gold and Silver Surprise Rally / Commodities / Gold and Silver 2012
Gold and Silver Surprise Rally
At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting. They pledged to come up with economic salvation. Immediately the equity markets mounted a year end "Halleluyah" rally. Bernanke followed Europe's footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014.
Read full article... Read full article...
Thursday, January 26, 2012
Gold Touches 7 Week High on Fed Euphoria / Commodities / Gold and Silver 2012
INVESTMENT DEMAND to buy gold continued to push wholesale prices higher Thursday morning in London, after the US Federal Reserve vowed to keep Dollar interest rates at zero until at least 2014 – one year later than previously promised.
The global market's AM Gold Fix here in London was set at $1713 per ounce, more than 3.8% higher from Wednesday afternoon and the highest level since Dec. 8th.
Thursday, January 26, 2012
Gold Breaks Above $1700 on Continuing Negative Real Interest Rates / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,713.00, GBP 1,091.10, and EUR 1,300.59 per ounce.
Yesterday's AM fix was USD 1,659.00, GBP 1,064.08, and EUR 1,277.04 per ounce.
Read full article... Read full article...
Thursday, January 26, 2012
I Stand By Silver $140 In 2012 / Commodities / Gold and Silver 2012
There is a well-established relationship between how silver and gold trade. They often trade similar in the same time period, but also at similar milestones, although those milestones are sometimes reached at different times. This can cause silver or gold to be the leading indicator, depending on the particular milestone.
I have previously used this relationship to predict how silver will trade. Below, is an extract of that update:
Thursday, January 26, 2012
Buy Apple Stock or Gold? / Commodities / Gold and Silver 2012
Gold is a very controversial object. Many investors view the precious metal as a storage of wealth and a hedge against uncertainty. However, critics claim gold is a bubble and has no intrinsic value, especially since you can not eat it. The tech giant Apple Inc. also receives a fair amount of controversy, and unlike its name would suggest, you can not eat it either.
Read full article... Read full article...
Thursday, January 26, 2012
Gold and Silver Blast Higher on Bernanke Interest Rate Hold Pledge / Commodities / Gold and Silver 2012
In a press statement regarding today's FOMC meeting, the Fed announced that economic conditions would "likely warrant exceptionally low levels for the federal funds rate at least through late 2014".
Read full article... Read full article...
Wednesday, January 25, 2012
Return of the Gold Commission? Would it Raise the Gold Price? Confiscation? / Commodities / Gold and Silver 2012
Newt Gingrich
The answer to this question is threefold
- It depends on him being elected to a position where he can put this into action.
- It depends on how serious he is on the matter.
- It depends on what his objective really is.
Wednesday, January 25, 2012
Gold "Still Respecting" Post-Lehman Crisis Trend / Commodities / Gold and Silver 2012
SPOT MARKET gold bullion prices dropped to $1653 an ounce Wednesday morning London time – down 1.7% from Monday's high – while stock markets, commodities and the Euro all slid and US Treasuries gained after the head of the International Monetary Fund suggested the European Central Bank could take losses on its Greek bond holdings.
Silver bullion fell to $31.67 – down 1.8% for the week so far.
Read full article... Read full article...
Wednesday, January 25, 2012
IMF’s Grim Outlook to Davo’s Sunny Slopes – Gold Shines / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,659.00, GBP 1,064.08, and EUR 1,277.04 per ounce.
Yesterday's AM fix was USD 1,669.00, GBP 1,072.69, and EUR 1,282.17 per ounce.
Read full article... Read full article...
Wednesday, January 25, 2012
Another Chance to Sell Common Stocks and Buy Gold and Silver / Commodities / Gold and Silver 2012
It has been a tough last year for precious metals investors but not so much for common stocks. Sure, the Euro crisis benefited Gold initially but as the panic has abated, stocks are rallying back to their highs while Gold has sold off and the gold stocks are trying to hold their lows. What is going on? Are we in the twilight zone?
Read full article... Read full article...
Wednesday, January 25, 2012
Bullish Technical Signals Support Silver and Gold Prices / Commodities / Gold and Silver 2012
Several closely watched technical factors played a substantial role in precious metals trading last week as traders noted that increasingly bullish signals of an impending rally accumulated strength.It is our conviction that ultimately the physical market will trump paper and drive technical traders, which in term will set-off the algorithm-funds, leading to significant moves higher or as we like to frame: a return to real equilibrium.
Read full article... Read full article...