Category: Gold and Silver 2012
The analysis published under this category are as follows.
Sunday, June 10, 2012
Gold Elliott Wave Analysis / Commodities / Gold and Silver 2012
By: WavePatternTraders
With the decline seen this past week it makes the move from $1526.30 a 3 wave move, so whilst price is under $1641, the option is that prices will see under $1526 and likely to test the lower support band between $1460-80.
Unless this pushes back above $1641, the bears are still in control of all the time frames except the daily picture, so the bears have a clear control point short term which is at $1641.
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Saturday, June 09, 2012
What’s Wrong With Gold? / Commodities / Gold and Silver 2012
By: Sy_Harding
While the stock market has been a loser on a buy and hold basis over the last 12 years (the S&P 500 is still 14% below its peak in 1999), gold surged up 625% over the same period, from $255 an ounce in 1999 to its recent high of $1,850 in March. As with each of its previous record highs there was much excitement and widespread forecasts of $2,500 gold by year end, $5,000 gold in the not too distant future.
But this time instead of still higher highs, gold has dropped $300 an ounce.
Friday, June 08, 2012
Gold Falls Following "Bernanke Curve Ball" as US "Lacks Credible Fiscal Plan" / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday's Asian session – 4.8% down on this week's high – while stocks and commodities also fell this morning and major government bond prices gained.
On the currency markets, the Euro dropped back below $1.25 as the Dollar rallied, after Federal Reserve chairman Ben Bernanke yesterday "disappointed" traders by not making a firm commitment to a third round of quantitative easing, known as QE3.
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Friday, June 08, 2012
Gold Legend Says 'The End Is Not Near, It Is Here and Now' / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.
Yesterday’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.
Silver is trading at $28.40/oz, €22.87/oz and £18.47/oz. Platinum is trading at $1,428.50/oz, palladium at $612.40/oz and rhodium at $1,200/oz.
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Friday, June 08, 2012
QE Will Determine Gold Price Performance During Second Half of 2012 / Commodities / Gold and Silver 2012
By: Bob_Kirtley
Gold prices jumped last week when the unemployment rate was reported unchanged at 8.2%. The consensus for the May payroll figures was 150,000, however, the actual number was 69,000 and it was announced alongside downward revisions for the March and April figures. These poor jobs numbers have been interpreted as increasing the pressure on the Federal Reserve to take action in the form of some kind of financial stimulus, such as the creation of more cash. The continuing debasement of the dollar adds upward pressure on gold and hence the move from $1550.00/oz to today's price of $1621.00/oz. The next meeting of the Federal Reserve is scheduled for the 19th/20th June 2012 and no doubt the investment community will be listening for at least a hint of some form of stimulus from Ben Bernanke.
Friday, June 08, 2012
Gold Drops as Bernanke Strikes Again! / Commodities / Gold and Silver 2012
By: Ben_Traynor
Another big fall for gold as the Fed chairman appears before Congress...
SIX DAYS after they climbed back above $1600 an ounce, gold prices dropped back below that level on Thursday, as Federal Reserve chairman Ben Bernanke appeared before Congress at the Joint Economic Committee.
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Thursday, June 07, 2012
Gold Bears "Wrong" About Dollar as Spain Raises Debt / Commodities / Gold and Silver 2012
By: Adrian_Ash
WHOLESALE MARKET gold prices eased back from an earlier rally Thursday lunchtime in London, trading at $1623 per ounce as the Euro currency slipped from a 1-week high $1.26 after new data showed US jobless claims continuing to fall.
The Bank of England left UK monetary policy unchanged at its scheduled monthly meeting, but the People's Bank of China surprised analysts by cutting interest rates for the first time since early 2009.
Thursday, June 07, 2012
The Fed Reserve Whispers Sweet Nothings to Gold and Silver / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
May was a disastrous month for the market, as the “sell in May and go away” mantra reared its ugly head. For the month, the Dow Jones Industrial Average and S&P 500 both fell more than 6 percent, while the Nasdaq dropped 7.2 percent. In fact, The Dow and Nasdaq suffered their worst monthly decline since May 2010. Precious metals also experienced sharp pullbacks as the U.S. dollar hit its highest level since 2010. The trend for equities carried over into June, but gold and silver have outperformed as more stimulus chatter circulates.
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Thursday, June 07, 2012
The End of Cheap Everything, Viewing Gold as Currency / Commodities / Gold and Silver 2012
By: The_Gold_Report
For his money—and the portfolio he offers investors is also his own—Ron Hera, founder of Hera Research, wants uniquely good companies. In an exclusive interview with The Gold Report, Hera shares why he is bullish on gold, finds silver volatile but worth investment and encourages new investors to dig a little to find hidden possibilities.
The Gold Report: What's the macroeconomic picture for gold and silver throughout the rest of this year?
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Thursday, June 07, 2012
Gold Standard, Gold Futures, and Perception Management / Commodities / Gold and Silver 2012
By: James_West
The apparent end to momentum in the 12-year bull market in the gold price is a carefully coordinated exercise in perception management. J.P. Morgan and a handful of the world’s largest banks have been permitted the right to originate contracts for forward sales and purchases of various commodity products far in excess of what is produced of each commodity annually.
Thursday, June 07, 2012
Is the Table Set for a Mania in Gold and Silver? / Commodities / Gold and Silver 2012
By: Jeff_Clark
It may feel like I'm out of touch with the precious metals markets to broach the subject of a mania today, but I think the table is being set now for a huge move into gold and silver.
There are, however, very valid reasons to reasonably expect a mania in our sector. For one thing, manias have occurred many times before, but the main issue is that a mania in gold and gold stocks is the likely result of the absolute balloon in government debt, deficit spending, and money printing. Saying all that profligacy will go away without inflationary consequences seems naive or foolish. Inflation may not attract investors to gold and silver as much as force them to it.
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Thursday, June 07, 2012
Gold and Silver Correction Runs its Course, When Time's Up Prices Reverse / Commodities / Gold and Silver 2012
By: Peter_Degraaf
This weekly chart courtesy Stockcharts.com features the gold price rising within the blue channel and the Accumulation/Distribution line at the top. The green boxes show the historical connection between the gold price and the A/D line. Whenever the A/D line rises (as now), price usually follows. The fact that the A/D line has been moving up since the beginning of 2012 puts pressure on the gold price to 'get in step'.
Thursday, June 07, 2012
Gold Modest Proposal / Commodities / Gold and Silver 2012
By: Paul_Tustain
Zurich, Hong Kong, Mumbai, Shanghai and Singapore have all detected the UK's ambivalence to physical metal...
A gold sovereign coin is within the UK tax authority's definition of investment gold. But would a new one pass the tests of fairness which government rightly demands of the investment industry?
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Wednesday, June 06, 2012
ECB Keeps Interest Rates At 1% - Gold Record High In Indian Rupees / Commodities / Gold and Silver 2012
By: GoldCore
Today's AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce.
Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce.
Silver is trading at $29.35/oz, €23.57/oz and £19.03/oz. Platinum is trading at $1,469.00/oz, palladium at $622.00/oz and rhodium at $1,200/oz.
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Tuesday, June 05, 2012
Intermarket Analysis Applied to Gold, Gold Stocks and Bonds / Commodities / Gold and Silver 2012
By: Jordan_Roy_Byrne
Longtime readers know that we are a huge fan of intermarket analysis which is a rather new field within technical analysis. I believe John Murphy developed this field, thanks to his book. Intermarket analysis is the analysis of the relationships between the major asset classes: stocks, bonds and commodities. Furthermore, evaluating and comparing the different sectors within those asset classes also counts as intermarket analysis. Essentially, it is comparing one market to another. Intermarket analysis is essential when analyzing the precious metals complex because it is always affected by or has some relationship to other markets.
Tuesday, June 05, 2012
Silver: A Tier 1 Asset for All / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
In recent years, precious metals, most notably silver and gold, have played an unusual dual role as both monetary and non-monetary commodities. That may be in the process of changing for major financial institutions to favor holding metals as collateral as the Basel Committee ponders allowing banks to use gold as a Tier 1 capital asset.
Tuesday, June 05, 2012
The Silver Squeeze: Bank Runs Versus EU Short Covering? / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
According to Google Trends, the number of Internet searches for the phrase “bank run” has reached an all-time high, demonstrating just how concerned many intelligent people are becoming over the stability of the global banking system.
Amid these troubling times for financial institutions, silver is continuing to shine as the “poor man’s gold” that will provide a safe haven investment asset if paper currencies lose even more of their already tenuous credibility.
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Tuesday, June 05, 2012
Mocking Warren Buffett’s Stance on Gold / Commodities / Gold and Silver 2012
By: Eric_McWhinnie
Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”-Warren Buffett
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Monday, June 04, 2012
Why Academic Economists Hate the Gold Standard / Commodities / Gold and Silver 2012
By: Gary_North
If there is a single confession of faith uniting economists all over the world today it is this: their uncompromising hostility to a full gold coin standard.
The second confession of faith is their qualified support of the idea of central banking.
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Monday, June 04, 2012
Major Improvement in Gold's Interim Outlook / Commodities / Gold and Silver 2012
By: Clif_Droke
As of the end of May 2012, gold suffered the indignity of its first "bearish" year after its long-term bull market began in 2001. Gold made almost no net progress in the past year, and although the gold price is still well above its long-term uptrend, on an intermediate-term basis it's hovering only slightly above its year-ago level. There are reasons for believing that in the coming weeks, however, gold's intermediate-term fortunes will change for the better.