Category: Gold and Silver 2012
The analysis published under this category are as follows.Thursday, July 12, 2012
Many Unscary Reasons to Add Gold / Commodities / Gold and Silver 2012
Never mind inflation or credit default. There are plenty of less scary reasons to consider gold investing too...
GOLD IS OF COURSE for kooks and weirdos only – those doom-mongers who, bothering to read history, think printing money risks massive inflation, and who also fear banking and even government default today. Can you imagine!
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Thursday, July 12, 2012
Is Gold Stuck in BIZARRO Land? / Commodities / Gold and Silver 2012
In the Seinfeld episode titled “The Bizarro Jerry,” Elaine meets a group of people who are complete opposites of Jerry, George, Kramer and Newman. The group takes pride in helping each other in their daily lives and hangs out at a “Bizarro Coffee Shop” named Reggie’s. When describing Elaine’s newfound friends, Jerry says, “Yeah, like Bizarro Superman-Superman’s exact opposite, who lives in the backwards Bizarro world. Up is down; down is up. He says ‘Hello’ when he leaves, ‘Goodbye’ when he arrives.” The show provides a rather striking similarity to today’s Bizarro financial market.
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Wednesday, July 11, 2012
Gold Price Technical Analysis, Continues to Target $1100 / Commodities / Gold and Silver 2012
A critically important question that needs to be addressed is whether the gold price has been consolidating within a Primary Bull trend or whether the gold price is entering a Primary Bear trend. It is argued below that whilst the retracement has represented a secondary reaction within a Primary Bull market, this reaction is not yet over and – on a balance of probabilities – it seems likely to continue to head south until the gold price reaches $1100.
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Tuesday, July 10, 2012
Loose Monetary Policy "Will Mean Strong Demand" for Gold / Commodities / Gold and Silver 2012
WHOLESALE prices for gold bullion climbed to $1597 an ounce during Tuesday morning's trading in London – their highest level so far this week – while stock markets also ticked higher following news that Spain should receive some financial assistance for its banks later this month.
Silver bullion also gained, climbing as high as $27.61 per ounce, while other commodities were broadly flat.
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Tuesday, July 10, 2012
Gold's Secular Bull Market - Past, Present & Future / Commodities / Gold and Silver 2012
A secular bull market, according to Investopedia, is one "driven by forces that could be in place for many years, causing the price of a particular investment or asset class to rise or fall over a long period of time. In a secular bull market, strong investor sentiment drives prices higher, as there are more net buyers than sellers. . . Secular markets are typically driven by large-scale national and worldwide events, which occur in combination. For example, wars, demographic/population shifts and governmental/political policies are all events that could drive secular markets. A secular bull market will have bear market periods within it, but it will not reverse the overlying trend of upward asset values. For example, most economists agree that U.S. equities were in a secular bull market from about 1980 to 2000, even though the stock market crash of 1987 occurred within the same time period."
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Tuesday, July 10, 2012
Gold and Silver's Achilles’ Heel / Commodities / Gold and Silver 2012
In the grand scheme of things, people have traditionally had more faith in silver as a currency than in paper fiat currencies.
Furthermore, since modern paper currencies are only backed by the creditworthiness of the authority issuing them, if that authority goes into default on its debt, the currency it issued could become virtually worthless.
Tuesday, July 10, 2012
The Silver Price Enigma: Buying Low, Trading High / Commodities / Gold and Silver 2012
For the long-term silver holder, investor or conservationist — as differentiated from the active derivatives or physical trader — two strong psychological phenomena tend to exert influence over their decisions:Read full article... Read full article...
Monday, July 09, 2012
GOLD Deja Vous? / Commodities / Gold and Silver 2012
Thanks to the FED’s recent addition of the London PM fix data, April 1968 to date, we have uncovered an unmistakeable repetitive pattern in Gold. The chart below displays the price data for the entire period.
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Monday, July 09, 2012
Gold "Alternating Between Up and Down Weeks", More QE "Appropriate" for US Economy / Commodities / Gold and Silver 2012
U.S. DOLLAR gold prices held above $1580 an ounce Monday morning in London – broadly in line with last week's close – while major European stock markets were broadly flat on the day, with the exception of Spain's Ibex.
Gold prices ended down last week, falling back below $1600 on Friday, following the release of June's US nonfarm payroll data, which showed the economy added 80,000 private sector jobs last month. Although this was lower than many analysts' forecasts, it was higher than a month earlier. April and May's nonfarms figures were revised higher, while unemployment held steady at 8.2%.
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Sunday, July 08, 2012
Signs of Gold Bulls Cracking, A Glimpse of Gold Capitulation? / Commodities / Gold and Silver 2012
Looking around it seems we finally have some clues to the bulls cracking and throwing in the towel, yet I have been telling members that Gold or Silver is not a buy as the trend has been down since the Feb 2012 highs. Staying under $1641 on Gold has been key for us and try as they like the Gold bulls have failed at every attempt, although the usual crackpot excuses are coming out, like JPM made the markets lower and the markets are rigged etc.
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Saturday, July 07, 2012
Why Gordon Brown Sold England's Gold on the Cheap to the Bailout the Banks / Commodities / Gold and Silver 2012
Although this is nothing new, as I and several others have reported this several times in the past, with a very nice documentary on it having been done by Max Keiser, this is still a very important article for two reasons.
First, it lays out rather nicely the gold panic of 1999 and Brown's Bottom, which is the low in the price of gold achieved by the dumping of 400 tons of gold into the world market at an artificially low price by the British government.
Saturday, July 07, 2012
Weak U.S. Jobs May Mean More Money Printing and Higher Gold and Silver Prices / Commodities / Gold and Silver 2012
Gold (GLD) is consolidating after hitting a two-week high. Investors are witnessing renewed strength in precious metals after the Fed announced the expansion of Operation Twist until at least the end of the year.
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Friday, July 06, 2012
Gold, The Ancient Metal of Kings / Commodities / Gold and Silver 2012
"The fundamental factors that have driven the gold bull market... remain very much in place." ~ Morgan Stanley.
"Fears of another banking crisis amid a Greek exit from the euro zone are growing. This also raises the likelihood of further central bank action to calm markets and alleviate a possible slump. Money printing, along with the European Central Bank's large liquidity injections for the banking system, has been good for gold. And real interest rates are negative in much of the developed world, which will also fuel fears of an eventual jump in inflation." ~ Moneyweek.com
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Friday, July 06, 2012
Deflation Black Hole Turns Into Runaway Inflation, What of Gold and Silver / Commodities / Gold and Silver 2012
In a Democratic world as well as in undemocratic nations the political and social consequences of deflation are considerably worse than those of inflation.
But the concept of inflation is poorly understood. In today's world it is thought of as simply rising prices due to shortages. In economics there are several forms of inflation that appear in different circumstances.
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Friday, July 06, 2012
The Next Time Silver Crosses Above $30.00 Will Be The Last Time / Commodities / Gold and Silver 2012
It has been an interesting week on the economic stimulus front with what looks like a co-ordinated effort by the major powers to ignite their respective economies.The European Central Bank (ECB) made the headlines with a widely anticipated cut to its key interest rate of a quarter of a percentage point to a record low 0.75 per cent in an attempt to ease Europe's financial crisis and boost its stagnating economy. This move by the ECB will make it cheaper for people and the business community to borrow and ultimately spend this cheap cash.
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Friday, July 06, 2012
U.S Gold Net Exports Increased Substantially During First Quarter 2012 / Commodities / Gold and Silver 2012
Something very interesting took place in the first three months of 2012. Last year, the United States was a net importer of gold during the first quarter. However this year, the U.S. became a huge net exporter of gold during the same time period. This information was acquired from the latest USGS Gold Mineral Industry Surveys.
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Thursday, July 05, 2012
Silver, Gold and The Coming Deflation / Commodities / Gold and Silver 2012
Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.
Since the 1920s there have been three major gold rallies (1930s, 1970s and the current rally).
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Thursday, July 05, 2012
The Return of the Gold Standard / Commodities / Gold and Silver 2012
In my latest book, The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country, I devote a full chapter to the merits of the historical gold standard and reasons to reinstate it. What I did not mention and few investors notice is that central banks are already returning to gold as the ultimate safe haven asset.
I believe this change in policy, combined with continued inflation of Western currencies, is creating a stable floor for the gold price and an even brighter upside potential.
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Thursday, July 05, 2012
SocGen Advises "Holding Gold Tight" as ECB, China Cut Rates, UK Prints Another £50bn / Commodities / Gold and Silver 2012
WHOLESALE Dollar prices to buy gold eased 0.5% from a new 2-week high at $1624 per ounce Thursday lunchtime in London, as the Euro currency fell hard following a widely expected cut to European Central Bank interest rates.
The ECB cut its key lending rate to a new record low of 0.75%, and also cut the interest rate paid to commercial banks holding cash on deposit at the central bank to zero.
Thursday, July 05, 2012
Expected ECB Rate Cut Likely to Push Gold Prices Up / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1616.75, EUR 1292.99 and GBP 1037.58 per ounce.Yesterday’s AM fix was USD 1617.00, EUR 1285.37 and GBP 1032.90 per ounce.
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