Category: Gold and Silver 2012
The analysis published under this category are as follows.
Friday, June 22, 2012
Silver Price Could Crash to $18 on Liquidation / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET gold prices traded as low as $1560 an ounce Friday morning, before recovering some ground by lunchtime in London, while European stock markets were also down and commodities were broadly flat.
Silver prices meantime sank to a 2012 low at $26.64 an ounce – a 7.2% drop on last week's close.
"We believe a break of $26.00 has the ability to trigger liquidation of silver with it looking for $18.00," says the latest technical analysis note from bullion bank Scotia Mocatta.
Friday, June 22, 2012
Central Bank Gold Manipulation “Steady As Ever” - Avoid “Paper Gold” / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,571.50, EUR 1,251.79, and GBP 1,005.70 per ounce.
Yesterday’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.
Silver is trading at $26.95/oz, €21.57/oz and £17.36/oz. Platinum is trading at $1,438.50/oz, palladium at $603.60/oz and rhodium at $1,215/oz.
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Friday, June 22, 2012
Gold Summer Lows At Hand? / Commodities / Gold and Silver 2012
By: Aden_Forecast
In a key turnaround, gold bounced up from its December lows this month on fresh safe haven buying as QE3 possibilities came back to the table.
The psychological $1600 level was quickly surpassed. This is essentially the level that will determine if 2012 ends up being the 12th consecutive up year for gold.
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Thursday, June 21, 2012
Gold Still At Risk of a Large Down Move Before Rallying / Commodities / Gold and Silver 2012
By: David_Banister
Gold has been busy consolidating in what I believe will be a 13 Fibonacci month Primary wave 4 correction. The Gold bull market I’ve been following since 2001 is a likely 13 year bull cycle that will end in 2013 or 2014 depending on how you count. This current correction pattern is working off a 34 Fibonacci month rally that took Gold from 681 to 1923 at its ultimate highs. Last fall I warned about the parabolic run likely ending in the 1908 ranges and for investors to position themselves accordingly.
Thursday, June 21, 2012
Gold Hits Post-Fed Low, But Supported by Central Bank Buying Supports / Commodities / Gold and Silver 2012
By: Adrian_Ash
The WHOLESALE MARKET gold price fell further Thursday in London, falling hard to 8-session lows at $1587 per ounce following last night's "no change" decision from the Federal Reserve on new US quantitative easing.
Major-government bond prices pushed higher, but the Euro currency retreated, down nearly 1¢ from its post-Fed high to trade back down at $1.2650.
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Thursday, June 21, 2012
Gold and Silver Price On the Verge of a Huge Move! / Commodities / Gold and Silver 2012
By: Chris_Vermeulen
Gold and silver have taken more of a back seat over the past 12 months because of their lack of performance after topping out in 2011. Since then prices have been trading sideways/lower with declining volume. The price action is actually very bullish from a technical standpoint. My chart analysis and forward looking forecasts show $3,000ish for gold and $90ish for silver in the next 18-24 months.
Thursday, June 21, 2012
Gold: The Next Global Reserve Currency / Commodities / Gold and Silver 2012
By: Barry_Elias
Gold is on a path to become the next global reserve currency.
A macroscopic perspective of our global economy suggests the world’s financial crisis was caused by an inordinate accumulation of debt relative to GDP.
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Thursday, June 21, 2012
Gold Becomes a Tier 1 Asset Class for Banks / Commodities / Gold and Silver 2012
By: Vin_Maru
Misdirection by MSM as Gold Moves Towards The Banking System
Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over. In fact, it is just starting, in our opinion. While the misdirected financial world tell you that gold is in a bubble and it has burst, the central bankers and government organizations all know it is far from over. In fact, gold is moving towards the banking system and not away from it. We all know that many central banks are now net buyers of gold and their holdings are increasing as their need to diversify away from risky assets and foreign bonds only grows.
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Wednesday, June 20, 2012
Gold at Increasing Risks of Following Broad Market Lower / Commodities / Gold and Silver 2012
By: Clive_Maund
The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.
Wednesday, June 20, 2012
Greek Election Result Fails to Help Silver / Commodities / Gold and Silver 2012
By: Clive_Maund
The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.
Tuesday, June 19, 2012
Rising Eurozone Yields Will Push Gold Towards the Monetary System / Commodities / Gold and Silver 2012
By: Simit_Patel
A trend I've been focusing on lately are the signs we are seeing of gold returning to the monetary system. Consider the signs:
1. Central banks continue to increase their purchases of gold, having become net accumulators of gold since 2009. The central bank of Kazakhstan purports to have 20% of its reserves in gold.
2. Banking standards from Basel III, an international banking institution, may be changing so as to give banks that hold gold a higher score.
3. The European Redemption Pact, an agreement to consolidate excess debt in the Eurozone, is allegedly discussing the idea of issuing Eurobonds that would be partially backed by gold.
4. In the United States, states like Utah are moving to restore gold's status as an officially recognized form of money.
Tuesday, June 19, 2012
FOMC Influencing Gold More Than Eurozone / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE U.S. DOLLAR gold price hovered around $1630 an ounce during Tuesday morning's trading in London – in line with where it ended last week – while stocks and commodities were also broadly flat ahead of the latest Federal Reserve policy meeting.
The silver price traded in a tight range just below $29 an ounce – 1.7% up on Monday's low.
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Tuesday, June 19, 2012
Gold Price More Than 50% Below Real Record High Of 32 Years Ago / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,628.50, EUR 1,291.74, and GBP 1,040.31 per ounce. Yesterday’s AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce.
Silver is trading at $28.87/oz, €22.96/oz and £18.49/oz. Platinum is trading at $1,492.00/oz, palladium at $628.70/oz and rhodium at $1,215/oz.
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Monday, June 18, 2012
Plunge in Family Net Worth Supports Portfolio Gold Diversification / Commodities / Gold and Silver 2012
By: Pete_Grant
The Fed’s triennial Survey of Consumer Finances (SCF) came out last week and the results were nothing short of astounding. The data show that the Great Recession wiped out nearly 40% of the typical American family’s net worth.
Read full article... Read full article...“Data from the 2007 and 2010 SCF show that median income fell substantially and that mean income fell somewhat faster, an indication that income losses, at least in terms of levels, were larger for families in the uppermost part of the distribution. Overall, both median and mean net worth also fell dramatically over this period—38.8 percent and 14.7 percent, respectively.”
Monday, June 18, 2012
Gold and Silver Price Discovery: At and Despite the Margins / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
In most markets, price is discovered “at the margin” or from the transactions themselves. For example, in the real estate market, an entire block of homes can be valued by appraisers and agents based on the price at which the last house sold.
When it comes to precious metals prices, if discovery at the margin was a legitimate factor, the silver market would soon see much higher prices or it would at least reach a fairer equilibrium price that currently prevails.
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Monday, June 18, 2012
Silver Metal Now and a Golden Traveler's Check / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
One of the main advantages of buying silver versus more costly precious metals like gold and platinum is that silver’s relative cheapness allows you to buy more metal for the money.
Furthermore, inflation is a reality that eats away at the value of all paper currencies, while boosting the value of hard currencies like silver.
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Monday, June 18, 2012
Euro Weakness Weighs on Gold and Silver / Commodities / Gold and Silver 2012
By: Ben_Traynor
THE SPOT MARKET gold price hovered around $1620 an ounce during Monday morning trading in London – slightly below last week's close – while stock and commodity markets were also broadly flat, after initial rallies that followed yesterday's Greek election result soon ran out of steam.
Monday, June 18, 2012
Gold Ticks Lower as Spain and Italy Bond Yields Rise to Over 7% and 6% / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,623.50, EUR 1,284.52, and GBP 1,035.20 per ounce.
Friday’s AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce.
Silver is trading at $28.50/oz, €22.64/oz and £18.25/oz. Platinum is trading at $1,492.50/oz, palladium at $626.75/oz and rhodium at $1,215/oz.
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Sunday, June 17, 2012
Is Silver Currently Riskier Than Gold? / Commodities / Gold and Silver 2012
By: Przemyslaw_Radomski
Gold futures closed higher edging past the $1,600 mark Wednesday, extending their advance to a fourth session - perhaps traders considered prospects for further quantitative easing by the Federal Reserve and other central banks, including the Bank of England, the European Central Bank and the Bank of Japan.
Thursday Comex gold futures prices ended the U.S. day session near unchanged in subdued trading and today Gold edged up extending its winning streak to a sixth session as sluggish U.S. data boosted hopes for monetary easing.
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Friday, June 15, 2012
Gold Advantage To Skeptics / Commodities / Gold and Silver 2012
By: DeepCaster_LLC
“The amusing denouement to last September’s CNBC fiasco falsely claiming on camera a particular gold bar in the depository GLD uses belonged to that entity is (below). Apparently it belonged to ETF Securities, All power to the Internet!”
JBGJ, 6/12/2012
The following detailed description of the CNBC fiasco provides yet another justification for Investors adopting a Healthy Skepticism of MSM “News”.
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