Category: Gold and Silver 2012
The analysis published under this category are as follows.Friday, June 15, 2012
Greece Election "Should Be Supportive for Gold" / Commodities / Gold and Silver 2012
SPOT MARKET prices for gold bullion traded above $1620 an ounce during Friday morning's London session – a gain of nearly 4% for the month so far.
Stock markets and major government bonds rallied, with analysts speculating on the prospects for further monetary stimulus, including a possible third round of quantitative easing (QE3) from the Federal Reserve, whose policymakers meet next week.
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Thursday, June 14, 2012
The Shape and Future of Indian Gold Demand / Commodities / Gold and Silver 2012
Morgan Stanley has just issued a solid report on Indian Gold demand and its shape. We at Gold Forecaster believe it gives very good insight into the Indian gold investors' thinking. The addition of some background on the Indian culture helps us to get a perspective of Indian gold investor psyche and to his social structure and how it contributes to his attitude to gold. Morgan Stanley conducted a survey of 2,019 urban and rural gold buyers across 16 Indian cities for urban consumers and 8 Indian states for rural consumers.
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Thursday, June 14, 2012
Gold Sets New Record in India Whilst Spanish Bond Yields Hit New Highs / Commodities / Gold and Silver 2012
WHOLESALE MARKET gold prices rose to $1627 an ounce shortly ahead of US trading on Thursday – their highest level so far this week – immediately following the publication of US economic data.
Silver prices by contrast continued to trade sideways, hovering around $29 an ounce – around 1.6% up on where they started the week.
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Thursday, June 14, 2012
Financial Gurus Bullish On Gold / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,619.00, EUR 1,289.83, and GBP 1,044.65 per ounce.
Yesterday’s AM fix was USD 1,612.75, EUR 1,286.19, and GBP 1,034.94 per ounce.
Silver is trading at $28.86/oz, €22.93/oz and £18.57/oz. Platinum is trading at $1,479.00/oz, palladium at $622.00/oz and rhodium at $1,225/oz.
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Thursday, June 14, 2012
The Difference Between Gold and Silver / Commodities / Gold and Silver 2012
Many investors in the precious metals community operate from the perspective that there is no real difference between gold and silver; that both are monetary assets, with silver simply being a less expensive, more abundant, and more volatile version of gold. There is some truth to that, although I think it is important to note that the differences. If one understands the differences, it becomes easier to understand when silver may be overvalued, and why the gold/silver ratio could rise greatly. For these reasons, I personally invest much more in gold and gold stocks than in silver.
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Wednesday, June 13, 2012
Gold Investors Blaming the Money Printing Machines / Commodities / Gold and Silver 2012
Who-oh-who is to blame for the gold price moving against you, up or down...?
SO EUROPE might be facing deflation, and Greece might begin a firesale straight after this weekend's vote. Yet still €1.1 trillion doesn't buy what it used to.
Wednesday, June 13, 2012
Gold and Silver Are Your Hedges Against Centrally-Planned Economies / Commodities / Gold and Silver 2012
Spain recently became the fourth member of the euro to request a bailout since the beginning of the region’s insolvency crisis. The country stands to receive as much as 100 billion euros ($125 billion) in order to prolong the life of its current banking system. It is debt trying to fix more debt. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros in total,” a Eurogroup statement said. With rescues drafted for Greece, Ireland, Portugal and now Spain, the European Union and the International Monetary Fund have committed nearly half a trillion euros to finance European bailouts.
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Wednesday, June 13, 2012
Gold Jumps Again "But Rangebound Below $1640" as Spanish, Italian Debt Prices Undo €1.1 Trn in Bank Loans / Commodities / Gold and Silver 2012
The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday's 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May.
Silver bullion recovered an earlier slip to trade just shy of $29.00 per ounce. The Euro currency held flat but European stock markets slipped with commodity prices.
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Wednesday, June 13, 2012
Gold Protection As Bank Holidays, ATM and Deposit Withdrawal Restrictions, Capital Controls Loom / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,612.75, EUR 1,286.19, and GBP 1,034.94 per ounce.
Yesterday’s AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.
Silver is trading at $28.90/oz, €23.16/oz and £18.65/oz. Platinum is trading at $1,455.20/oz, palladium at $617.60/oz and rhodium at $1,200/oz.
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Tuesday, June 12, 2012
Gold and Silver, Are You Brave Enough to Buy Low? / Commodities / Gold and Silver 2012
Louis James, Casey Research writes: This time last week, I was at the Cambridge House World Resource Investment Conference in Vancouver, BC. Usually the show is quite hopping, but this time, while there was the usual mob and there was standing room only at several of the events Doug, the Casey crew, and I participated in, the mood was decidedly low-key.
But here's the interesting part: it was low-key, but not depressed.
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Tuesday, June 12, 2012
Silver Offers A Golden Opportunity To Convert Soon To Be Destroyed Value / Commodities / Gold and Silver 2012
The fundamentals for silver and gold are very strong, and with all the massive bailouts, which are increasing debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.
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Tuesday, June 12, 2012
Gold Rallies Back Above $1600, as Italy "May Also Need Rescuing" / Commodities / Gold and Silver 2012
BULLION prices on the wholesale gold market rose back above $1600 an ounce shortly before Tuesday's US trading, after failing to breach that level in the earlier Asian session, while European stock markets also ticked higher after a quiet morning's trading.
A day earlier, gold briefly rose above $1600 on Monday following the news that Spain will borrow up to €100 billion to rescue its banks, but along with stocks and the Euro gold failed to hold those gains.
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Tuesday, June 12, 2012
Gold Price $1525 Support Seems Likely to be Broken / Commodities / Gold and Silver 2012
Speaking dispassionately, the chart below (courtesy stockcharts.com) shows three historically bearish break-downs (blue arrows) and three potentially important bearish developments (purple arrows).
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Tuesday, June 12, 2012
Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank / Commodities / Gold and Silver 2012
Today's AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.
Yesterday’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.
Silver is trading at $28.67/oz, €22.92/oz and £18.52/oz. Platinum is trading at $1,448.00/oz, palladium at $618.00/oz and rhodium at $1,200/oz.
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Monday, June 11, 2012
Where Silver Trumps Government Central Planning / Commodities / Gold and Silver 2012
The current worldwide political landscape is full of examples where the politics and economy connect.
In fact, economic policy is largely driven by politics in most countries around the globe.
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Monday, June 11, 2012
One Billion Silver Ounces and 100 Billion Owners / Commodities / Gold and Silver 2012
When considering whether silver is a good investment for the future, you might want to take a closer look at the current above ground supply of silver.
A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form.
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Monday, June 11, 2012
Gold Falls Back as it "Tracks U.S. Dollar", Italy Comes "Under Scrutiny" after Spanish Bailout / Commodities / Gold and Silver 2012
SPOT MARKET gold prices dropped back below $1600 an ounce Monday morning in London, having briefly risen above that level in Asian trading, as stocks and the Euro also began the week strongly and US Treasuries fell following news that Spain is to receive a bailout.
Silver prices also jumped as Asian markets opened, before they too traded lower, falling to around $28.70 per ounce ahead of the start of US trading.
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Monday, June 11, 2012
Silver Could Preserve More Value Than Gold / Commodities / Gold and Silver 2012
The fundamentals for silver and gold are very strong, and with all the massive bailouts, which are increasing debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.Read full article... Read full article...
Monday, June 11, 2012
Gold Producers for Growth, Juniors for Speculation / Commodities / Gold and Silver 2012
In the early days of this bull market many prominent analysts and leaders from the bullish camp noted that the juniors would be the way to best leverage the bull market. The thinking was that juniors were a call option on Gold and senior producers because of their lack of exploration in the previous decade would need to acquire the juniors to replaces reserves and grow production. From 2002 to 2007 the juniors performed quite well. Yet, five years and two cyclical bear markets later, the juniors have lost their luster while Gold has nearly tripled in the same period. In this missive we look at some charts to decipher time to buy juniors and when they should be avoided.
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Monday, June 11, 2012
Gold Data Hints at Possible Market Upswing / Commodities / Gold and Silver 2012
With eurozone troubles taking yet another turn for the worse, China’s economy struggling, and US jobs data showing the American economy is again heading in the wrong direction, gold has at last started to make some interesting moves. While it is often a mistake to directly link the price of gold to specific macro-economic events, the coincidence is notable.
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