Category: Gold and Silver 2012
The analysis published under this category are as follows.
Wednesday, January 18, 2012
Will China Unleash More Stimulus and Boost Gold Prices? / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
On Tuesday, China reported GDP growth of 8.9 percent in the last quarter of 2011, which is the slowest growth increase in more than two years. Although analysts were only expecting growth of 8.7 percent, the slowdown gave investors hope that the world’s second largest economy will inject more stimulus into its economy to fuel growth. As a result, gold jumped $24 to climb above $1,650 per ounce, while silver surged 60 cents to settle above $30 per ounce. However, investors should reign in expectations of more stimulus being unleashed in China during the early part of 2012.
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Wednesday, January 18, 2012
The Intrinsic Value of the U.S. Dollar and Gold / Commodities / Gold and Silver 2012
By: Michael_Pento
If you ask most investors what is the main driver for the price of gold they are likely you tell you that it's the direction of the U.S. dollar. Therefore, the only due diligence most investors perform is a perfunctory glance at the Dollar Index (DXY). While it is true that the purchasing power of the dollar is a key metric to judge the direction of gold prices, the DXY will only tell you what the dollar is doing against a basket of 6 other flawed fiat currencies.
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Wednesday, January 18, 2012
Gold Seeing Resistance at $1667, New Lehman-style Crisis Could Engulf Banks / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE SPOT MARKET price to buy gold climbed to $1658 an ounce during Wednesday morning's London trade – 0.8% up on Asian session lows – following reports that the International Monetary Fund is seeking to boost its lending capacity by $1 trillion.
European stock markets also recovered from an early dip, with industrial commodities also edging higher.
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Wednesday, January 18, 2012
Fractal Analysis Suggests Higher Silver Prices Are Coming / Commodities / Gold and Silver 2012
By: Hubert_Moolman
The price of a good often behaves in a similar manner at or around the same kind of milestone. An example of such a milestone could be a significant top. Price often forms a similar type of pattern at different significant tops - different in terms of time of occurrence. This is a reflection of how market participants themselves often behave in a similar manner when faced with the same kind of situation. This of course makes perfect sense, since it is normal, for example, to rest after you have been extremely busy for a while. For most people, this is true whether it was yesterday, or in 20 years.
Wednesday, January 18, 2012
Has Gold's D-Wave Bottomed, Stocks Heading Lower? / Commodities / Gold and Silver 2012
By: Toby_Connor
It seems like most analysts, and gold bugs are now assuming that the reversal on December 29 marked the bottom of golds D-Wave decline. It's certainly possible that we saw a bottom two weeks ago but it's still too early to make that assumption. Gold, and most assets are about to be severely tested. How gold handles that test will be a big clue as to whether or not the correction is over.
Wednesday, January 18, 2012
How will China's Pan Asian Gold Exchange Revolutionize Gold and Silver Trading? / Commodities / Gold and Silver 2012
By: Sam_Chee_Kong
PAGE which stands for Pan Asian Gold Exchange was set up in 2011 and has already begun operations with local Chinese buying and selling of gold through the internet. PAGE is located in Kunming, the capital city of Yunnan Province located in South Western China and is also the major gateway to South East Asia.
This gold exchange will enable ordinary Chinese buy/sell gold using a Renminbi account with a bank or broker. Currently there are two banks that are authorized to process the transactions or settlements and they are the Agriculture Bank of China and The Fudian Bank of Yunnan. The 10 ounce mini contracts will be known as T+D and the price is RMB 30,000 for 1 lot and it is fully backed by the Chinese government.
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Tuesday, January 17, 2012
Gold Ignores Indian Tax Hike, Rises Because of China / Commodities / Gold and Silver 2012
By: Adrian_Ash
The WHOLESALE MARKET gold price reached new 5-week highs as Asian trade ended and London opened on Tuesday, while global stock markets and commodity prices also rose after stronger-than-expected growth data from China.
The world's second-largest economy, China reported annual growth of 8.9% for the end of 2011 – the weakest level since mid-2009 but stronger than analysts forecast and almost 5 times the pace of US growth at last count.
Tuesday, January 17, 2012
No More Safe Havens, Avoid Counterparty Risks / Commodities / Gold and Silver 2012
By: William_Bancroft
In this brief article about Safe Havens for investors we look at equities, bonds, and the current situation within the financial system, before asking whether gold bullion is being overlooked. We look at the degree of participation by institutional investors in the gold market and notice that they seldom invest in gold.
John Plender writes in yesterday’s FT that the pool of “super safe assets” is shrinking, whilst legal and advisory firms around the world scramble to prepare their clients for the implications of new currencies (or should I say old currencies returning in new guises).
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Tuesday, January 17, 2012
Global Gold Coin and Bar Demand Surges, Thomson Reuters GFMS Annual Gold Survey / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,662.00, GBP 1,080.34, and EUR 1,299.76 per ounce.
Yesterday's AM fix was USD 1,642.00, GBP 1,070.27, and EUR 1,281.71 per ounce.
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Tuesday, January 17, 2012
Gold and Silver Outlook in 2012 / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
Lately we've been writing about the precious metals stocks. In particular we believe the equities have made a multi year bottom and look ready for a solid 2012 and 2013. Part of the reason is the action in the metals (Gold & Silver) suggests an important bottom is in place and a rebound is underway. Based on our work, we anticipate a slow but gradual rebound in both metals.
Monday, January 16, 2012
Gold Bull Bear Standoff Approaching Probable Bullish Resolution / Commodities / Gold and Silver 2012
By: Clive_Maund
The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout. We have been cautious on the PM sector for months starting with the September top which we shorted, resulting in massive profits in a matter of days, especially in silver, but there is always the danger of taking caution too far and getting caught on the wrong side of the trade.
Monday, January 16, 2012
Silver Bearish or Bullish Contrary Unfolding Technical Pictures / Commodities / Gold and Silver 2012
By: Clive_Maund
The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the strongly bullish COTs and sentiment indicators forces us today to reconsider the charts and ponder other possibilities, for we cannot afford to be on the wrong side of the trade in this commodity. Fortunately we are still ahead of the curve as silver has yet to "tip its hand", but it doesn't look like it will be long now before it does.
Monday, January 16, 2012
Gold Gains Alongside U.S. Dollar, as Germany "Only Bond Haven Left in Eurozone" / Commodities / Gold and Silver 2012
By: Ben_Traynor
U.S. DOLLAR spot gold prices climbed to hit$1647 an ounce Monday morning in London – 0.8% below last week's high – while stock and commodity markets were broadly flat as markets absorbed Friday's news of cuts to nine Eurozone sovereign credit ratings.
"Spot gold [however] is expected to fall to $1417 per ounce over the next three months," warns Reuters technical analyst Wang Tao in the newswires Q1 2012 commodities outlook published Monday.
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Monday, January 16, 2012
Gold Trend Forecast for Q1 2012 / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
Over the past five months gold has fallen sharply and is no longer headline news which it once dominated back in 2011 when it was making new highs every day. The shiny metal has been under pressure because traders and investors started to pull some money off the table to lock in gains. Gold prices had surged so fast most advanced traders knew that final high volume surge was not sustainable. But the main reason gold topped out in my opinion was because the US Dollar index had put in a bottom and started to build a base. As we all know a rising dollar typically means lower stocks and commodity prices.
Monday, January 16, 2012
Gold Nears 1,300EUR/oz - Euro Lower After EU Downgrades and Greece Jitters / Commodities / Gold and Silver 2012
By: GoldCore
Gold’s London AM fix this morning was USD 1,643.50, GBP 1,074.60, and EUR 1,298.90 per ounce.
Friday's AM fix was USD 1,642.00, GBP 1,070.27, and EUR 1,281.71 per ounce.
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Sunday, January 15, 2012
Revisiting Our Proposal for an Overnight Gold Fund / Commodities / Gold and Silver 2012
By: Bob_Kirtley
In August 2010 we wrote an article entitled “Proposing An Overnight Gold Fund” in which we explored the potential for launching a fund that held long positions in gold overnight and was short gold during the day. We pointed out that “a hedge fund starting in 2001 with $100m, with the strategy of being long gold from the PM to AM fix, and short gold from the AM to PM fix...would be worth $2.16billion today, before any fees and expenses.” We have been monitoring this trading strategy since then and therefore would like to take this opportunity to update readers on its astonishing progress.
Sunday, January 15, 2012
Will Gold Regain its Safe Haven Status in 2012? / Commodities / Gold and Silver 2012
By: Clif_Droke
Last year was an eventful one for the gold market. The yellow metal was up 10 percent in 2011 for its 11th consecutive annual gain. But despite making an all-time high on Sept. 5 at $1,900/oz. gold finished the year down 18 percent from that high.
Gold entered a bear market in late 2011 which was confirmed by gold's closing below its historically significant 30-week moving average. This doesn't happen very often which indicates the technical significance of the event. The last time gold violated its 30-week MA was in 2008 during the credit crisis and it hasn't happened since then as you can see in the following chart.
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Saturday, January 14, 2012
Gold Rebounds and Gains Momentum / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
Gold rallied this week hitting its highest in a month and breaking above its 200-day moving average. There were a myriad of reasons suggested in the financial press. Some writers said it was a stronger euro that helped boost the price above the key technical level. One headline said it was due to a buying binge from China ahead of the Lunar New Year which begins January 23. (The country imported a record 103 tons of gold from Hong Kong in November, up 19% month-on-month and a 483% increase year-on-year.)
Saturday, January 14, 2012
Global Factors Boost Gold and Silver Demand / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
After having a strong week, gold and silver prices are pulling back today, as several developments weigh on the markets. JP Morgan provided a wake up call to rallying financials as the company reported a miss on fourth quarter earnings. For the second time in only two days, Bank of America cut its fourth quarter GDP estimate from 3.5 percent to 2.7 percent. Furthermore, the U.S. dollar continues to show strength as Standard & Poor’s downgrades France.
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Saturday, January 14, 2012
Overbought U.S. Dollar to Launch Gold Price Higher / Commodities / Gold and Silver 2012
By: Zeal_LLC
Since rocketing to new all-time highs last summer, gold has weathered a major correction. While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold’s swoon. But with the dollar now as overbought and wildly popular as gold was in August, this currency itself is due for a major selloff that is likely to launch gold.