Category: Gold and Silver 2012
The analysis published under this category are as follows.Thursday, November 15, 2012
Gold, Paper, and a Train Wreck / Commodities / Gold and Silver 2012
Begin with a few facts and assumptions and follow the logic:
Gold has been a store of wealth for more than 3,000 years. Silver has been used as money in most countries of the world. Both are still valuable.
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Thursday, November 15, 2012
Gold Major Buying Opportunity / Commodities / Gold and Silver 2012
I'm just going to do a quick post today. The relevant factors are that gold appears to have put in an intermediate degree bottom last week. Miners are being dragged down at the moment as the stock market makes its final move into an intermediate bottom. This happens pretty much like clockwork every 20-25 weeks (currently on week 23).
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Thursday, November 15, 2012
Eurozone Enters Recession, Worldwide Gold Demand Down in Q3 / Commodities / Gold and Silver 2012
THE DOLLAR gold price drifted lower to $1720 an ounce during Thursday morning's London session, around ten Dollars down on the week, as stocks and the Euro also drifted lower following the release of weak economic growth data from the Eurozone.
The silver price dropped below $32.60 an ounce, more-or-less exactly where it started the week, while other industrial commodities edged higher.
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Thursday, November 15, 2012
Is it Better to Buy Gold in Singapore? / Commodities / Gold and Silver 2012
Switzerland is a traditional investment safe-haven, however in a recent survey we found that when it comes to gold bullion storage there is a new star emerging and our customers want to be a part of it. Below we explain why those looking to invest in gold may want to look at Singapore to store their gold.
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Thursday, November 15, 2012
Gold and The Cold War / Commodities / Gold and Silver 2012
There are now two great nations in the world, which starting from different points, seem to be advancing toward the same goal: the Russians and the Anglo-Americans... Each seems called by some secret design of Providence one day to hold in its hands the destinies of half the world.
Democracy in America, Alexis de Toqueville, 1835
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Thursday, November 15, 2012
Gold Bullion Up, Gold Stocks Get Pummeled / Commodities / Gold and Silver 2012
It’s been another one of those odd ball trading sessions where gold prices managed to finish the day up $2.50 to close at $1727.40/oz, but the gold mining stocks, as evidenced by The AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index, known as the HUI, fell 21.55 points to 447.96 or a staggering 4.59%.
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Thursday, November 15, 2012
What Gold's Relative Strength Means / Commodities / Gold and Silver 2012
Longtime readers of our editorials know that we are big fans of intermarket analysis as well as ardent believers in the real price of gold (real POG) or relative Gold. No this has nothing to do with the paper market versus the physical market. The real POG is essentially the POG relative to other assets and markets. There are two reasons why we track this. First, Gold priced against the other currencies (specifically the Euro) has been a leading indicator for Gold in US$ terms. Second, Gold's performance against commodities (in general) is a leading indicator for margins of the miners. We discussed this a few weeks ago. Over the weekend, I reviewed Gold's performance in relative terms and it seems to have reasserted its uptrend.
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Wednesday, November 14, 2012
Gold Price Continues to Consolidate / Commodities / Gold and Silver 2012
U.S. DOLLAR gold prices drifted lower to $1722 an ounce this morning in London, slightly down from last week's close, while stock markets also fell along with US Treasury bonds as US policymakers continue to discuss how to deal with the so-called fiscal cliff.
"Gold is consolidating last week's strong up leg from $1673 to $1739," says the latest technical analysis from bullion dealer Scotiabank.
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Wednesday, November 14, 2012
China Gold Reserves Too Small to Ensure National Economic and Financial Safety / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.
Yesterday’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,091.39 per ounce.
Silver is trading at $32.47/oz, €25.60/oz and £20.54/oz. Platinum is trading at $1,585.00/oz, palladium at $637.00/oz and rhodium at $1,150/oz.
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Wednesday, November 14, 2012
Gold and Silver Coiling For a Major Move - The Next Disaster / Commodities / Gold and Silver 2012
In discussing the government's lack of reaction in reforming the high frequency trading developments in the market, the CFTC's Bart Chilton remarks in the video below about the unfortunate tendency of regulators not to act until something unfortunate happens as being a:
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Tuesday, November 13, 2012
Gold Bullion vs. Gold Stocks – Which is the Better Investment? / Commodities / Gold and Silver 2012
You have probably read in multiple articles that mining stocks offer leverage to the movement of the underlying metal. But this hasn’t been the case over the past several years, which has created some confusion in the precious metals investment community. While the gold price has more than doubled (+110%) in the past five years, the AMEX Gold Bugs Index (HUI) is up only 15% and the Market Vectors Gold Miners ETF (GDX) is up only 7%.
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Tuesday, November 13, 2012
Silver Price Set to Soar by 400% in 3 Years / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,085.23 per ounce. Yesterday’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.
Silver is trading at $32.63/oz, €25.76/oz and £20.61/oz. Platinum is trading at $1,591.00/oz, palladium at $614.50/oz and rhodium at $1,085/oz.
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Tuesday, November 13, 2012
Gold vs Other Real Assets / Commodities / Gold and Silver 2012
Gold has long been seen as “real money. It is seen as a stable store of value, and today, it is seen a “must have” alternative investment for any diversified portfolio. Indeed, gold’s popularity is demonstrated by the fact that the SPDR Gold Trust (GLD) has already gathered approximately US$75 billion of assets.
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Tuesday, November 13, 2012
The Age of Entitlement and Need to Own Gold / Commodities / Gold and Silver 2012
“Cassius suggests that the people get the government they deserve”.
This can be a good thing, if (and it’s a big “if”) the people do their homework and vote based on facts, not on rumor or innuendo - Shakespeare in Julius Caesar
Monday, November 12, 2012
Gold Importers Digesting Higher Prices with Sentiment Driven by Fiscal Cliff / Commodities / Gold and Silver 2012
SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties.
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Monday, November 12, 2012
Where Now for China's Gold Market? / Commodities / Gold and Silver 2012
The latest from the London Bullion Market Association conference in Hong Kong...
THE ANNUAL conference of the London Bullion Market Association – the "premier professional forum for the world's bullion market" as Haywood Cheung of the 100-year old Chinese Gold & Silver Exchange put it this morning – is taking place right now in Hong Kong.
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Monday, November 12, 2012
Silver Remains Stuck in a Trading Range / Commodities / Gold and Silver 2012
We exited our short positions in silver for a modest but useful profit when it broke out of its downtrend towards the end of October. It then broke sharply lower on heavy turnover in a move that looks capitulative, but afterwards turned and rose quite sharply over the past week. So the question now is “has it bottomed?” Although the answer to this question is “Yes, it looks like it has”, it also looks like it may back and fill for a little while to complete a base pattern before a sustained advance can get underway. The latest silver COT continues to give grounds for caution and warns that the current turn may be the B-wave trap of a 3-wave A-B-C correction. We are aware of this danger and place stops accordingly to protect us from it.
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Monday, November 12, 2012
Weekly Gold Chart Has A Lot To Reveal. Market Activity Rules! / Commodities / Gold and Silver 2012
Michael Noonan writes: Our sole basis for understanding what little we may know of the market comes directly
from the most reliable source, the market itself. The basis for any market derives from the forces of supply and demand. In futures, battles and results from those two opposing dynamics are to be found in price, volume, and time. Our contention is that the markets have their own degree of logic, and patience in reading charts can be very revealing, ultimately rewarding.
Sunday, November 11, 2012
War On Coal And Coal's Game Changer / Commodities / Gold and Silver 2012
Murray Energy Corp. and all other US coal producers have been forced to shut mines and fire thousands of workers in 2012 as they cut their output by tens of millions of tons every quarter, in the face of weaker demand and ever-lower prices. Coal used in the US for power stations which are increasingly moving to burning natural gas has reduced US total coal demand by more than 20% in one year. If this trend continues, and Obama further tightens the screw on coal, India will replace the US as the world's second-biggest coal burner, by 2015 or sooner.
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Friday, November 09, 2012
The Silver Market Basket Case / Commodities / Gold and Silver 2012
Silver bullion investors often feel as if they have become a basket case. As an investment class, they are increasingly growing weary of the suppressive manipulation that characterizes today’s silver market. To the outside observer, the situation in the silver market could seem even more confusing and grotesque.
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