Category: Gold and Silver 2012
The analysis published under this category are as follows.Monday, December 03, 2012
The Coming Silver Price Eruption / Commodities / Gold and Silver 2012
There was a degree of predictability about the knockdown in gold and silver at the US futures market (Comex) last Wednesday. The reason is that the Commercials (together the producers, processers, fabricators, bullion banks and swap dealers) have large short positions, so they have a vested interest in lower prices. This is particularly noticeable in silver, which is shown below.
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Saturday, December 01, 2012
Gold and Silver Oppan Gangnam Style Bear Raid / Commodities / Gold and Silver 2012
Another bit of a bear raid in the metals took gold back down to touch the 30% retracement on the handle intraday.
Otherwise it was an uneventful day, as the true money believers placed another appendage in the dike of their illusions, and hoped for the best.
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Saturday, December 01, 2012
Gold and Silver Smart Money Exits Too Soon / Commodities / Gold and Silver 2012
“Too little, too late” could well describe the current plight of the 'smart money' silver investor, since many seem to be arriving late to the party when the market has not even yet entered the final phase for investment demand in either silver or gold.
Of course, some investment money has trickled in to the precious metals, but to the average investor, prices are still correcting and the market’s fundamentals remain very much misunderstood.
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Saturday, December 01, 2012
China Silver Demand — One Step Closer to the Edge / Commodities / Gold and Silver 2012
The Hong Kong based Chinese Gold and Silver Exchange Society or CGSE announced recently that it will launch Yuan-based silver spot trading in Hong Kong in the first part of next year. The exchange says growing demand for silver has prompted the decision.
This move shows that China is inching closer and closer to the silver market and is quietly nibbling away at Western demand for silver.
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Saturday, December 01, 2012
The Gold Price Barometer / Commodities / Gold and Silver 2012
There are some very respected technical analysts who are calling for an exploding gold price and there are also a few respected technical analysts who disagree with that view. One analysis that recently arrived in my inbox shows that gold’s On-Balance-Volume chart is giving sell signals.
From a technical perspective, if one takes emotion out of the equation, there are three charts that seem to me to be of importance (four if one includes that OBV chart which I am unable to reproduce for copyright reasons. It was produced by Kimble Charting):
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Friday, November 30, 2012
Gold Possibility to Regain Its Medium-term Glitter / Commodities / Gold and Silver 2012
10 days ago, in our gold and silver stocks essay, we wrote that volatility in the mining stocks sector was mostly emotionally-driven. Since then some of that volatility seems to have transpired to the metals market. Gold dived $25 on Wednesday, immediately triggering rumors of misplaced trades or technical errors. The CME Group denied this had been the case and theories of a large player selling gold off in the morning sprung up like mushrooms.
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Friday, November 30, 2012
Gold, Silver Rise On QE4 Currency Debasement Concerns / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,728.25, EUR 1,329.53, and GBP 1,077.87 per ounce.
Yesterday’s AM fix was USD 1,724.50, EUR 1,327.56, and GBP 1,076.47 per ounce.
Silver is trading at $34.32/oz, €26.53/oz and £21.50/oz. Platinum is trading at $1,621.00/oz, palladium at $683.30/oz and rhodium at $1,050/oz.
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Friday, November 30, 2012
Gold Confiscatation, When and How? / Commodities / Gold and Silver 2012
There has been a persistent fear among both institutions and private owners of gold that, at some point in the near future, their gold will be confiscated by their governments, as was the case in 1933. For very different reasons, we believe that that danger persists and is growing by the day. We feel that because gold is rapidly returning to an active role in the global monetary system -as we have seen in the gold/currency swaps within the Bank for International Settlements and in the discussions on redefining gold as a Tier I asset right now--investors should be aware of the conditions in which this would. We also indicate what we feel to be a solid solution for protecting yourself against a gold confiscation.
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Friday, November 30, 2012
Gold Price Market Manipulation Proof / Commodities / Gold and Silver 2012
A lot has been written lately about the gold price manipulation and the real amounts of gold reserves of the central banks. There are several views on the same topic, the most rational one being purely statistical. As it’s easy to get caught by emotions, we have chosen in this article to let the figures and the charts tell the story.
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Friday, November 30, 2012
Gold and Silver Are A Profitable Approach to the Coming Crises / Commodities / Gold and Silver 2012
Profit Opportunities, as well as pain, surely exist in all coming Crises-Inducing developments such as:
- Inflation generating QE-to-Infinity and Eurozone Outright Monetary Transactions
- Fiscal Cliff/Grand Bargain Negotiations
- Debt Super-Saturation of most of the countries in the Developed World including the USA, Great Britain, and France, as well as the PIIGS
Friday, November 30, 2012
Silver Outperforming Gold May Signal Inflationary Rally / Commodities / Gold and Silver 2012
We are approaching the end of the year where investors are facing a confluence of mixed signals such as tax loss selling, fiscal cliff discussions, the Greek bailout, future Fed actions and Middle Eastern geopolitical turmoil. Short term shakeouts like yesterday’s early morning drop in precious metals should be expected. The precious metals markets appeared to have found support of a massive sell order at the open. We may see more turbulence as investors react to news driven reports emanating from the gridlock in Washington.Read full article... Read full article...
Thursday, November 29, 2012
Gold's Comex Drop "A Test of Downside Interest" / Commodities / Gold and Silver 2012
WHOLESALE gold bullion prices rose to $1725 an ounce Thursday morning, recovering some ground after yesterday's sharp drop during US trading, as stocks, commodities and the Euro also gained and US Treasury bond prices fell.
Silver climbed to $33.87 an ounce, 2.7% up on yesterday's low but 0.9% down on this week so far.
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Thursday, November 29, 2012
Gold Drips on Massive 3.5 Million Ounce Sell Orders / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,724.50, EUR 1,327.56, and GBP 1,076.47 per ounce.
Yesterday’s AM fix was USD 1,741.00, EUR 1,347.00, and GBP 1,087.38 per ounce.
Silver is trading at $33.93/oz, €26.21/oz and £21.26/oz. Platinum is trading at $1,626.50/oz, palladium at $680.25/oz and rhodium at $1,050/oz.
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Thursday, November 29, 2012
Why Gold is Overvalued / Commodities / Gold and Silver 2012
Many goldbugs like gold as a hedge against Federal Reserve policies and high inflation. Paul van Eeden, president of Cranberry Capital, says he does not fear high inflation due to Fed policies. Van Eeden is a different kind of goldbug and in this interview with The Gold Report, he explains how his proprietary monetary measure, "The Actual Money Supply," is the reason why.
The Gold Report: Paul, your speech at the Hard Assets Conference in San Francisco was titled "Rational Expectations." You spoke about monitoring the real rate of monetary inflation based on the total money supply.
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Wednesday, November 28, 2012
How Do the Chinese View the Gold Market? / Commodities / Gold and Silver 2012
Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month after month about demand hitting record after record in their country – how do they view our buying habits?
Since 2007, China's demand for gold has risen 27% per year. Its share of global demand doubled in the same time frame, from 10% to 21%. And this occurred while prices were rising.
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Wednesday, November 28, 2012
Royal Canadian Mint’s Tungsten Gold Twostep? / Commodities / Gold and Silver 2012
Back in 2009, the Royal Canadian Mint [RCM] claimed that it had lost $15 million worth of gold bullion. What ensued from the time the loss was made “public” can best be described as a ‘fumbling exercise’ where – initially - different accounts were put forward as to the reason for the loss. Finally, public catcalls regarding this loss at one of the world’s most renowned Mints led to an official investigation by the Royal Canadian Mounted Police [RCMP].
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Wednesday, November 28, 2012
Another Opportunity to Short Silver SLV ETF? / Commodities / Gold and Silver 2012
Courtesy of Chris Kimble.
SLV is back at the top of its falling resistance channel, making a series of lower highs since last August. Each time SLV has hit this line it has declined in price.
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Wednesday, November 28, 2012
Gold Tumbles Despite Continuing Uncertainty Over U.S. Deficit, Fiscal Cliff / Commodities / Gold and Silver 2012
THE DOLLAR gold price fell to a one-week low below $1735 per ounce Wednesday, as stocks and commodities also edged lower while the Dollar and US Treasuries gained despite ongoing uncertainty over how the US will address its deficit problems.
Silver fell to $33.73 an ounce, also a one-week low.
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Wednesday, November 28, 2012
New U.S. Sanctions To End "Turkey's Game Of Gold For Natural Gas" / Commodities / Gold and Silver 2012
Today’s AM fix was USD 1,741.00, EUR 1,347.00, and GBP 1,087.38 per ounce.
Yesterday’s AM fix was USD 1,747.25, EUR 1,349.54, and GBP 1,090.46 per ounce.
Silver is trading at $33.80/oz, €26.32/oz and £21.23/oz. Platinum is trading at $1,605.00/oz, palladium at $652.25/oz and rhodium at $1,065/oz.
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Wednesday, November 28, 2012
Gold Convertibility and Reserve Currencies / Commodities / Gold and Silver 2012
Lately we have seen many articles about China and many other central banks continuing to buy and increase their holdings of gold as part of their effort to continue diversifying out of foreign paper currencies. Who can blame them? Would you want to hold paper promises to pay off financial obligations from countries that are essentially bankrupt as a part of your currency reserve? China is doing what is the right thing and in the best interest of China, buying more gold to hold as a part of your reserves in order to make your currency more marketable. They want to make the yuan a competing currency to the other major currencies around the world and they will succeed and owning gold is part of their strategy.
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