Category: Gold and Silver 2012
The analysis published under this category are as follows.Friday, September 07, 2012
Gold Imports To China From Hong Kong Double Again On Safe Haven Demand / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,696.00, EUR 1,337.75, and GBP 1,062.06 per ounce.
Yesterday’s AM fix was USD 1,708.50, EUR 1,355.09and GBP 1,074.53 per ounce.
Friday, September 07, 2012
The Anti-Gold Fool / Commodities / Gold and Silver 2012
David Weidner wrote a piece for MarketWatch: "Fool's Gold Standard."
It was standard stuff, i.e., a combination of economic stupidity, attempted cleverness, and the rhetoric of contempt.
It deserves my special treatment, which I reserve for mainstream media journalists who hate the idea of a world not run by the Federal Reserve and who try to be clever. Weidner is not clever.
Read full article... Read full article...
Thursday, September 06, 2012
Russia Stock Piling Gold for a New Trading Currency / Commodities / Gold and Silver 2012
The markets in general paused before the ECB announcement tomorrow and the Non-Farm Payrolls number in the US on Friday.
Early today there was a violent 7.6 magnitude earthquake in Costa Rica, but fortunately the damage was contained, there were few deaths, and there were no tsunamis. This is good news.
Thursday, September 06, 2012
JPM and Goldman Forecast Gold Price $1,800/oz By Year End / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,708.50, EUR 1,355.09, and GBP 1,074.53 per ounce.
Yesterday’s AM fix was USD 1,689.50, EUR 1,349.23 and GBP 1,065.26 per ounce.
Silver is trading at $32.55/oz, €25.94/oz and £20.55/oz. Platinum is trading at $1,582.50/oz, palladium at $644.80/oz and rhodium at $1,025/oz.
Read full article... Read full article...
Thursday, September 06, 2012
Investing in Silver: Strong Signals for Price Rally / Commodities / Gold and Silver 2012
Don Miller writes: Gold remains the favorite of precious metals investors, but silver is now a strong number two...with a bullet.
That means you should consider investing in silver now before it goes even higher.
Read full article... Read full article...
Thursday, September 06, 2012
Gold Hits Near-Record Euro Highs as Markets Jump on ECB Anticipation / Commodities / Gold and Silver 2012
The WHOLESALE gold price reached new 6-month highs in Asian and London trade Thursday morning at $1713 per ounce, rising alongside most other financial assets as traders awaited the European Central Bank's latest policy decision – widely expected to unveil a quantitative easing-style program of buying weaker government bonds.
After a Bloomberg leak claimed Wednesday that the ECB will begin "Monetary Outright Transactions" – buying Italian and Spanish debt to reduce their borrowing costs – the published announcement simply kept Eurozone interest rates unchanged.
Read full article... Read full article...
Thursday, September 06, 2012
Gold Price Breakout - But Don't Look for the Gold Standard to Be Reinstated / Commodities / Gold and Silver 2012
For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States. Part of the official Republican policy adopted it at the recent Republican Convention and called for the commission to look at reestablishing the link between gold and the U.S. dollar. No doubt that plank was added to soothe supporters of Texas Congressman Ron Paul.
Read full article... Read full article...
Thursday, September 06, 2012
The printing press is running hot, but where is inflation and how will it affect gold? / Commodities / Gold and Silver 2012
The key to understanding inflation lies in the implications of an increasing money supply. Here at Global Gold, we rely on the “True Money Supply” which is provided by the Mises Institute. The “True Money Supply” was originated by Murray Rothbard and represents the amount of money in the US economy that is available for immediate use in exchange. On the chart below you see that the True Money Supply has accelerated at a faster rate in the past couple of years; it is currently in an exponential growth phase. Even if one takes the official data published by the US Fed, the evolution looks similar: since 2000, the Fed balance sheet has increased fivefold.
Read full article... Read full article...
Thursday, September 06, 2012
Northern Rock vs. Gold / Commodities / Gold and Silver 2012
Five years on, what does the Northern Rock crisis mean for gold investing...?
EARLY ON the morning of Friday, 14 September 2007, nervous savers formed queues outside several branches of Northern Rock – the former building society then writing 1-in-5 of all new UK mortgages.
Read full article... Read full article...
Thursday, September 06, 2012
Gold is the Ultimate Crisis Barometer / Commodities / Gold and Silver 2012
Gold's latest rally - and the dollar's recent decline - has the investing world buzzing with speculation as to the meaning behind it. Convention wisdom says that gold senses another round of loose money on the part of the world's leading central banks. But what few investors have considered is that gold is most likely serving its role as a crisis barometer, warning of trouble ahead on the economic horizon.
Read full article... Read full article...
Thursday, September 06, 2012
Crude Oil and Gold Still Joined at the Hip: Something Has to Give / Commodities / Gold and Silver 2012
This is a chart of the price of oil and the price of gold, superimposed:Read full article... Read full article...
Wednesday, September 05, 2012
Investing in Silver: Double Down on the White Metal's Gains / Commodities / Gold and Silver 2012
Don Miller writes: Gold remains the favorite of precious metals investors, but silver is now a strong number two...with a bullet.
That means you should consider investing in silver now before it goes even higher.
In case you haven't noticed, after wallowing around in the mid-20s for months, silver prices have shot back over $30 an ounce.
Read full article... Read full article...
Wednesday, September 05, 2012
Gold’s Coming Rise / Commodities / Gold and Silver 2012
Last year on September 6, 2011, gold reached a high of $1920; but when bullion banks intervened by pushing gold lease rates deep into negative territory in early September, they made sure enough leased gold would reach the markets to drive the price of gold lower.
Read full article... Read full article...
Wednesday, September 05, 2012
Gold Bugs Rejoice At Signs of Bull Market Resumption / Commodities / Gold and Silver 2012
Cries of euphoria have been emanating from the gold bug community of late, as signs that the upward trend is getting ready to resume are growing stronger. Consider the following:
Read full article... Read full article...
Wednesday, September 05, 2012
Gold and Silver for WHEN Inflation Gets Out of Hand / Commodities / Gold and Silver 2012
Jeff Clark, Casey Research writes: The cheek of it! They raised the price of my favorite ice cream.
Actually, they didn't increase the price; they reduced the container size.
I can now only get three servings for the same amount of money that used to give me four, so I'm buying ice cream more often.
Read full article... Read full article...
Tuesday, September 04, 2012
September And November Best Months To Own Gold / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,691.50, EUR 1,342.25, and GBP 1,067.44 per ounce.
Yesterday’s AM fix was USD 1,686.00, EUR 1,341.72 and GBP 1,061.65 per ounce.
Silver is trading at $32.06/oz, €25.56/oz and £20.27/oz. Platinum is trading at $1,557.00/oz, palladium at $630.40/oz and rhodium at $1,025/oz.
Read full article... Read full article...
Tuesday, September 04, 2012
Gold and Silver "Continue Upswing" / Commodities / Gold and Silver 2012
WHOLESALE prices to buy gold bullion hovered above $1690 an ounce Tuesday morning in London, in line with where they started the week, while stocks and commodities were broadly flat and US Treasuries fell, as markets looked ahead to this week's European Central Bank policy meeting.
Silver bullion rose as high as $32.33 per ounce – 1.9% up on the week so far, and the highest level since April.
Read full article... Read full article...
Tuesday, September 04, 2012
Has QE3 Already Begun? Gold & Commodities May Be Saying Yes / Commodities / Gold and Silver 2012
According to recent statements by Bernanke, the Fed stands ready to act with further easing of monetary policy (QE3) if economic conditions warrant it. But let's face it, because the Fed has never been audited we only receive the data they deem fit to publish. We know the government lies to us about inflation, unemployment, GDP, etc. Does anyone really believe the Fed is publishing true accounting numbers? I'm starting to suspect Bernanke has already begun the next round of quantitative easing.
Politically, QE is a hot potato and impossible to publicly announce. But there have been enough hints (the last FOMC minutes may have been the loudest) that it is clear Bernanke intends to print. Hey, we are in a currency war after all, and one can't win the war if you don't shoot your guns!
Read full article... Read full article...
Monday, September 03, 2012
Silver Price History and "The Hunt Effect" / Commodities / Gold and Silver 2012
History remembers the last nominal high in the price of silver before the more recent high of $49.77 seen in April of 2011 as an anomaly that was largely induced by the Hunt brothers' purported attempt to corner the market by buying large quantities of silver and silver futures to the point where they held rights to over half the global amount of deliverable silver.
Read full article... Read full article...
Monday, September 03, 2012
Gold Mines In South Africa See Strikes As Industrial Unrest Spreads / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,686.00, EUR 1,341.72 and GBP 1,061.65 per ounce.
Friday’s AM fix was USD 1,657.75, EUR 1,319.03 and GBP 1,047.68 per ounce.
Silver is trading at $31.78/oz, €25.38/oz and £20.09/oz. Platinum is trading at $1,546.70/oz, palladium at $629.50/oz and rhodium at $1,025/oz.
Read full article... Read full article...