Category: Gold and Silver 2012
The analysis published under this category are as follows.Wednesday, January 25, 2012
Gold and Silver Mixed as Chinese Growth Softens and India Hikes Bullion Import Taxes / Commodities / Gold and Silver 2012
Precious metals prices were buffeted last week as news was released of a reduced economic growth rate in China that sparked renewed speculation of near term monetary easing by the People’s Bank of China or PBOC.The release of softer Chinese GDP data may have prompted a rally in gold and silver prices as traders increasingly anticipated that the PBOC may move to increase economic production by lowering its benchmark interest rates. Chinese stock prices also generally improved.
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Wednesday, January 25, 2012
The Theoretical Price of Gold $2,006, $10,386? / Commodities / Gold and Silver 2012
The following article appeared on the web this morning. It reports that India will be paying Iran in gold for the oil that it will be purchasing http://beforeitsnews.com/s...
As a matter of pragmatism, I invite the reader to focus on the following quote from this article:
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Tuesday, January 24, 2012
Absence of Far East Demand Sees Gold Succumb to Profit Taking / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices retreated to roughly where they started the week during Tuesday's morning session in London, making a 1% drop from yesterday's 6-week high to $1665 an ounce.
Silver prices slipped to $31.91 an ounce – a 1% drop on Friday's close – as stocks and commodities also fell following news that Greek debt agreement remains elusive after yesterday's Brussels finance ministers meeting.
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Tuesday, January 24, 2012
Japan Gold Buying on TOCOM Again Supports / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,669.00, GBP 1,072.69, and EUR 1,282.17 per ounce.
Yesterday's AM fix was USD 1,675.00, GBP 1,076.55, and EUR 1,294.94 per ounce.
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Tuesday, January 24, 2012
Why Governments Will Want Much, Much Higher Gold Prices Soon! / Commodities / Gold and Silver 2012
That governments will want - and will NEED - much, much higher gold and silver prices in the future is counter intuitive, given that they have done everything within their power till now to throttle back and to keep a lid on bullion prices. Let me explain why.Although we have seen eleven consecutive years of gold bullion price rises, such increases have been incremental, measured and at levels which make the remainder of the commodities and equities markets look volatile. Governments have used their preferred bullion banks as agents in the paper futures markets and their central banks, in conjunction with their respective Treasury bureaucracies, to limit the inexorable rise in precious metals prices as much as possible to keep gold - the only ‘real money’ - from drawing unfavorable attention to their own failing fiat currencies and uncontrolled sovereign debt.
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Tuesday, January 24, 2012
When Will Silver Reach a New High? / Commodities / Gold and Silver 2012
Andrey Dashkov, Casey Research writes: In last week's Metals, Mining, and Money from Casey Research, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. Let's take a look at how long it may take for silver to rebound.
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Tuesday, January 24, 2012
Currency Wars Are Driving Gold and Silver Higher / Commodities / Gold and Silver 2012
Over the weekend, talks between Greece and its private-sector creditors over debt write-downs were unsuccessful. Charles Dallara, the creditors’ lead negotiator, left Athens on Saturday as differences remained over the terms of new Greek bonds. Although a deal was not agreed upon, the market is signaling high expectations for a deal to be completed soon.
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Monday, January 23, 2012
Currency Wars - Iran Banned From Trading Gold and Silver / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,675.00, GBP 1,076.55, and EUR 1,294.94 per ounce.
Friday's AM fix was USD 1,646.00, GBP 1,064.68, and EUR 1,274.29 per ounce.
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Monday, January 23, 2012
Gold Forecast $6000, And Gold Mining Analysis Through Visualisation / Commodities / Gold and Silver 2012
Gold Chart Analysis: Gold Price At $6000 Before 2014?
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Monday, January 23, 2012
Gold, Financial Market Safe Havens / Commodities / Gold and Silver 2012
For the last year or so there has been a lot of commentary with respect to money flows from more risky investments like stocks, commodities and gold and into the so called safe havens like the US dollar and the 30-Year Treasury. That’s the message heard day and night on Bloomberg and CNBC and they bring in one expert after another to back them up. They’ll sit there and beg the question knowing full well what the answer is going to be. It always struck me as far fetched that paper assets emitted by the world’s largest debtor, and backed by absolutely nothing, could be considered a safe haven. Meanwhile gold has been money for more than three thousand years and it is considered to be risky, speculative and down right dangerous by the gurus that fill the airwaves with their prophecies.
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Monday, January 23, 2012
Gold Confiscation, a Reality? / Commodities / Gold and Silver 2012
The issues facing the developed world's financial systems are ones of liquidity and solvency, among others. The assumptions of liquidity levels proved horribly incorrect! The request of the IMF to lift their resources from $380 billion to $980 billion and the currency swaps between the U.S. and Eurozone confirm that (these may still prove inadequate). Many markets, which reserve managers had considered to be deep and liquid, proved to be the exact opposite with assets-selling only at a large discount. This was even true of some AAA-rated assets, showing that credit ratings offered no effective guide to liquidity. Many central banks had to rely on bi-lateral currency agreements with other central banks, principally the US Federal Reserve.
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Saturday, January 21, 2012
Euro, Gold on the Move / Commodities / Gold and Silver 2012
Purely from a technical perspective, let's notice that the Euro/US Dollar hit a one-week high this morning at 1.2985 off its low at 1.2620 (+2.85%). It has since corrected and turned up from 1.2890, which happens to be the recent upside breakout plateau of a two-week base-like formation that projects to 1.3080-1.3120.
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Friday, January 20, 2012
Gold Stock Upleg Cycles / Commodities / Gold and Silver 2012
Despite gold’s powerful secular bull over the past decade, gold stocks remain vexing to investors and speculators. Though this metal’s miners have yielded truly colossal bull-to-date gains, they failed to leverage the record-high gold prices seen in much of 2011. So naturally traders aren’t very enthusiastic about this sector at the moment. But they sure would be if they understood the gold-stock upleg cycles.
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Friday, January 20, 2012
Investors Great Opportunities in Gold and A Dangerous Trap / Commodities / Gold and Silver 2012
“The Fed doesn’t have a clue about markets or economics. They are dangerous people. Printing money is not good for the world and will lead to more problems for the world….
“What the Federal Reserve is doing now is ruining an entire class of investors.” Jim Rogers, Bloomberg Interview, 6/29/11
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Friday, January 20, 2012
Gold Down for the Week Down in Euros, Up in Dollars / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold bullion prices in Dollars dropped to $1646 an ounce Friday lunchtime in London – down 1.4% on yesterday's high – as China prepared for the week-long Lunar New Year holiday.
Commodities also traded lower, while stock markets were broadly flat overall.
Prices for silver bullion dropped to $30.39 per ounce – though still 2.0% up on last week's close.
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Friday, January 20, 2012
QE3, Gold $2,200 Forecast, and the Trillion Dollar Bazooka / Commodities / Gold and Silver 2012
Peter Krauth writes: It's the beginning of a new year, and there's no shortage of big headlines...
Europe is on the financial brink, Iran is a powder keg, and precious metals like gold have retreated.
It's also a time when there is no shortage of financial forecasts.
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Thursday, January 19, 2012
Key Pillars of Gold Bull Market Intact / Commodities / Gold and Silver 2012
WHOLESALE PRICES to buy gold and silver with Dollars both eased back after touching new 5-week highs in London, rising 1.3% and 3.0% respectively for the week-so-far as the US currency fell further from this week's 17-month high to the Euro.
Global equities rose for the fourth day running, with shares in Bank of America adding 6.1% in pre-market US trade after it reported better-than-forecast quarterly earnings.
Thursday, January 19, 2012
Gold Rises for Fourth Day - IMF $500 Billion Hopes Create Concerns / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,664.00, GBP 1,076.53, and EUR 1,289.62 per ounce.
Yesterday's AM fix was USD 1,657.00, GBP 1,077.09, and EUR 1,290.80 per ounce.
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Thursday, January 19, 2012
Real Risks to the Gold Price / Commodities / Gold and Silver 2012
Pending the big downturn in gold, here's 3 near-term risks to beware...
IF YOU'VE BEEN paying attention, then you'll remember how gold can make financial crises fun. Gold bulls were so short of things to keep them awake at night, in fact, many will no doubt be grateful for the 20% plunge of late 2011. Y'know, just to keep their hand in.
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Wednesday, January 18, 2012
When Gold New All Time High? / Commodities / Gold and Silver 2012
By Jeff Clark, Casey Research : Some investors are frustrated and a few are worried that gold seems stuck in a rut. This stall in price has happened before, of course, but since 2001 it's always eventually powered to a new high. Unless one thinks the gold bull market is over, it's natural to wonder how long might we have to wait before seeing another new high.
Absent some sort of global shock that sparks another rush into gold (easily possible in today's climate), I think the answer may lie in examining the size and length of past corrections and how long it took gold to reach new highs afterward.
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