Category: Gold and Silver 2012
The analysis published under this category are as follows.Tuesday, July 24, 2012
China Gold and Silver Strategy / Commodities / Gold and Silver 2012
The Chinese currency the Yuan is still pegged to the U.S. Dollar at a level that undervalues it substantially, provoking criticism of this exchange rate policy. The world still believes that China cannot survive and prosper without the West to fund its development, and so most analysts are focused on a hard landing for China.
Nevertheless, what is really happening is that new currency swaps are forming the backdrop of Chinese metals accumulation and production. In essence, China is gradually amassing the lion’s share of global wealth in the form of hard assets.
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Tuesday, July 24, 2012
The Calm Before the Storm, Gold Bullion Will Benefit / Commodities / Gold and Silver 2012
Late last week when reading the World Gold Council’s Gold Investment Statistic’s commentary, we were reminded of when Doug Casey said ‘“inevitable” is not the same thing as “imminent.”’
As we keep mentioning on these pages the financial situation, which has been snowballing for over 40 years, will continue to do so and in the process those who decided to invest in gold bullion will benefit.
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Monday, July 23, 2012
U.S. Dollar Danger Threatens Gold as Euro Hits 2-Yr Low / Commodities / Gold and Silver 2012
WHOLESALE gold bullion prices fell to $1569 an ounce during Monday morning's London trading – 0.9% off Friday's close – as stocks, commodities and the Euro also traded lower and US Treasuries gained, following news that two Spanish regions plan to ask for bailouts.
Silver bullion fell to $26.88 an ounce – a 1.9% drop on where it ended Friday.
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Monday, July 23, 2012
Timid Silver Bugs Could Miss the Next Big Rally / Commodities / Gold and Silver 2012
Silver investors and speculators are amongst the manic-depressive you can possibly find in the investment world. When they are playing maximum credits on the slots and passing round boxes of cuban cigars and taking out massive loans to buy Ferraris and Lambos you know it's time to watch out. When they retreat into the shadows, only coming out to hurl themselves off bridges and other tall structures, mumbling about the "cartel" as they plummet earthwards, you know it's getting time to buy - and that is the situation we now find ourselves in. In this update we are going to examine evidence which suggests that, despite the fragile looking price pattern, silver is going to turn surprisingly strong in short order, or alternatively, if it does break down, it turns out to be a false move that is swiftly followed by a dramatic recovery.
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Monday, July 23, 2012
Gold Shaping Up for a Major Uptrend / Commodities / Gold and Silver 2012
Most would be investors and speculators in the Precious Metals sector at this time look and behave like the raw recruits at the start of the film An Officer and a Gentlemen - listless and muttering pathetically "This might not be the bottom - it could go down again" - so listen up you 'orrible lot and pull yourselves together - by the time you are done reading this you are expected to have cleaned yourselves up, straightened yourselves out and be ready for action - and insubordination will not be tolerated.
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Monday, July 23, 2012
SILVER: A Metal of Sunken Treasure and Champions / Commodities / Gold and Silver 2012
Earlier this week, Odyssey Marine Exploration, a world leader in deep-ocean shipwreck exploration, announced it successfully recovered approximately 48 tons of silver bullion from the SS Gairsoppa. The British ship was torpedoed by a German U-boat and sank in three miles of water off the coast of Ireland during World War II. Despite the silver being submerged for 71 years, it is still a highly prized discovery as the precious metal has appreciated in value.
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Saturday, July 21, 2012
Gold Daily and Silver Coiling for an Imminent Move / Commodities / Gold and Silver 2012
"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper.Read full article... Read full article...
It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs."
Friday, July 20, 2012
How to Profit From Europe's New Gold Rush / Commodities / Gold and Silver 2012
Europe owns a sizable chunk of the world's natural resources.
Over the past few decades, however, EU countries have mostly imported their resources.
Outlandish? Maybe.
But it was simply easier, cheaper, and most importantly it avoided most environmental conflicts.
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Friday, July 20, 2012
How to Minimize Risk and Increase Returns on Junior Gold Mining Stocks / Commodities / Gold and Silver 2012
Joe Mazumdar, senior mining analyst at Vancouver's Haywood Securities, adheres to certain fundamental metrics when reviewing the pedigree of a junior firm. In this exclusive interview with The Gold Report, Mazumdar explains why some juniors are positioned to do better than some majors in the current geopolitical climate and he counsels pragmatism: the key to unlocking golden opportunities is locating firms with experienced management and adequate cash flow that can qualify for mixed-source financing in the international context of uneven gold prices. He shares a few picks in that space.
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Friday, July 20, 2012
Gold Reality Therapy for Abused Investors / Commodities / Gold and Silver 2012
“Renewed economic contraction has started to show up in the reporting of major economic series. Headline June retail sales declined by 0.5% versus May, in the context of earlier monthly contractions…
“The general outlook remains unchanged …. Official reporting shows a plunge in economic activity from fourth-quarter 2007 to second-quarter 2009, with an ensuing upturn in activity that led to a full recovery as of third-quarter 2011. In contrast, I contend the economy began turning down in 2006, plunging in 2008 into 2009 and subsequently stagnating—bottom-bouncing—at a low level of activity ever since. There has been no recovery, and the economic downturn is intensifying anew.
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Friday, July 20, 2012
Silver Price Undervalued / Commodities / Gold and Silver 2012
After being sucked into the general commodities correction, silver has been relentlessly drifting lower since late February. But this weakness has forced the white metal down to a very bullish place technically. Silver is now quite undervalued compared to prevailing gold prices, its primary driver. Thus it has great potential to rally mightily in the coming months to regain much lost ground relative to gold.
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Friday, July 20, 2012
Gold Technical or Fundamental Analysis? / Commodities / Gold and Silver 2012
Each week we reply to questions from our subscribers and include them in our Premium Updates. Today's essay is dedicated entirely to commenting on one of the letter that we received this week. It touches several interesting points and shows us that there are still some controversies and doubts regarding two most popular approaches to analyzing financial markets, i.e. technical and fundamental analysis, that need clarification. For clarity's sake we decided to put our comments alongside it, in addition to answering the reader's final question.
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Friday, July 20, 2012
Flat Currency Momentum Sees Gold in Contracting Range / Commodities / Gold and Silver 2012
THE U.S. DOLLAR gold price hovered above $1580 an ounce during Friday morning trading in London – in line with where it has spent the last two weeks – while stocks and commodities ticked lower and US Treasuries gained, as market attention returned to the European debt crisis, currently focused on Spain.
The silver price dipped to $27.07 per ounce, though it too remained firmly within its range for the last fortnight.
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Friday, July 20, 2012
If India Sneezes, will the Gold Industry Catch a Cold? / Commodities / Gold and Silver 2012
“If India sneezes, the gold industry will catch a cold” Ajay Mitra
India and gold are two words closely linked in the precious metals world. Gold investing is so deeply ingrained in Indian culture that Indian’s have over 20 different words for the yellow metal.
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Thursday, July 19, 2012
Gold's Convergring Trading Range as "Summer Doldrums" Worsen / Commodities / Gold and Silver 2012
WHOLESALE LONDON prices to buy gold rose 1.3% Thursday morning in London, briefly rising above $1590 per ounce as world stock markets also rallied.
Silver prices rose faster still, gaining 2.2% from Wednesday's low to reach $27.55 per ounce.
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Thursday, July 19, 2012
China Aims To Be "Major Gold Trading Center" With Interbank Gold Trading / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,580.00, EUR 1,287.06, and GBP 1,009.33 per ounce.
Yesterday’s AM fix was USD 1,579.50, EUR 1,288.65 and GBP 1,012.57 per ounce.
Silver is trading at $27.55/oz, €22.51/oz and £17.54/oz. Platinum is trading at $1,429.20/oz, palladium at $580.80/oz and rhodium at $1,190/oz.
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Thursday, July 19, 2012
Is Your Gold Bullion Safe? False Sense of Security for ETF Investors / Commodities / Gold and Silver 2012
Worldwide economic uncertainty has created a growing interest in precious metals as a way to preserve wealth. Today, global risks for investors include currency devaluation, sovereign debt defaults, bond market collapses and stock market losses, all underpinned by ever-increasing government debt.
For protection from impending economic Armageddon, investors are turning in increasing numbers to the traditional safe haven of precious metals. Unfortunately, many today don't know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn't purchase any bullion at all.
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Thursday, July 19, 2012
Can Gold's Luster Be Restored This Summer? / Commodities / Gold and Silver 2012
The summer has been a dizzying one for commodities. The last four weeks have witnessed the price of corn soaring toward an all-time high due to withering heat in the Corn Belt states. At the same time, this weather-driven bull market in the grain market, as well as the recent oil price rally, has left investors wondering if this summer might finally be gold's time to shine.
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Thursday, July 19, 2012
Gold Seasonal Recycling / Commodities / Gold and Silver 2012
Even paying July/August's top price for gold has averaged 5.1% returns by New Year's since 1968...
IT'S A HARDY perennial for anyone studying the gold market. And with the British summer being more like November this year, very hardy perennials are just what is needed.
Wednesday, July 18, 2012
How Gold Will be Made Acceptable by the Powers that Be / Commodities / Gold and Silver 2012
The critical requirements of gold's return to the monetary system are twofold:
- It must easily dovetail into the current monetary system.
- It must provide a workable application, right down to consumer level.