Category: Gold and Silver 2012
The analysis published under this category are as follows.Saturday, April 21, 2012
Many Signs Point to Gold Higher Prices / Commodities / Gold and Silver 2012
The Reserve Bank of India on Tuesday surprised investors with a bigger-than-expected half-percentage-point cut to its key lending rate, sending it to 8%, saying the state of India's economy is "a matter of growing concern." Assuming a normal monsoon season, continuing improvement in industrial production and in the global outlook, the RBI said it expects growth for the current year at 7.3%. Inflation in India slowed less than expected in March. Indians, who love gold in any case, could turn to it as an inflation hedge. Meanwhile, the Indian Post office system is offering a 6% rebate on gold coins of various denominations for the forthcoming Akshaya Tritiya festival, which is one of the biggest gold buying festivals in the country.
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Saturday, April 21, 2012
Silver Price Seen Over $40/oz in 2012 – Store of Value Remains Undervalued / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,640.00, EUR 1,246.30, and GBP 1,018.25 per ounce.
Yesterday's AM fix was USD 1,642.00, EUR 1,249.91 and GBP 1,022.73 per ounce.
Friday, April 20, 2012
Inflation and Hidden Gold Taxation Historical Case Studies / Commodities / Gold and Silver 2012
The number one reason investors buy gold is to protect against the government policies that create inflation. However, the government has "rigged the game" in such a way that the higher the rate of inflation, the more of a gold investor's net worth ends up with the government instead of the investor.
An examination of three historical case studies of long-term gold investment during a time of substantial inflation shows how under existing law and tax rates, the US federal government used the 1-2 combination of inflation and taxes to not only take all gold investor profits, but to confiscate part of the investors' starting net worth as well. These three real world analyses explore gold acting as a perfect inflation hedge, gold experiencing asset inflation, and gold experiencing asset deflation.
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Friday, April 20, 2012
COMEX Reduces Silver Margins Yet Again / Commodities / Gold and Silver 2012
After raising margin requirements for silver futures contracts eight times last year, the CME Group has decided to lower margins yet again, after having last lowered them on February 13th.
Last year’s margin requirement hikes increased the cost of holding silver futures positions by 80 percent and was one of the key factors contributing to silver’s sharp decline last May.
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Friday, April 20, 2012
A Return to the Gold Standard, or Gold Behind Currencies / Commodities / Gold and Silver 2012
This is the fourth part of a five part series on how gold will return to the monetary system globally but not in the form of the defunct Gold Standard.
"Dirty Float"
Today we have a set of circumstances that are totally different to those times. All currencies are in a "dirty float" that sees exchange rates moving relatively freely, being the subject of market forces, including manipulation by their own governments. The days of revaluation and devaluation are things of the past. So no amount of systemic change will see the re-imposition of fixed exchange rates. Any new monetary system or adjustment to the present system will have to accept this reality.
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Friday, April 20, 2012
Gold Miners, Buying Gold at Discount / Commodities / Gold and Silver 2012
China has been trying to diversify her foreign exchange reserves for some time. We are all familiar with the figures released by the likes of the World Gold Council about Chinese gold investment demand, as well as statistics showing official gold imports through Hong Kong into the Chinese mainland. Chinese reserves contain only 2% gold, compared to nearly 10% for India and Russia, and figures in the 70th percentile for developed nations such as the USA and Germany.
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Thursday, April 19, 2012
Gold Still a Long Term Hedge and Less Volatile than Equities / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,642.00, EUR 1,249.91, and GBP 1,022.73 per ounce. Friday's AM fix was USD 1,646.50, EUR 1,258.41and GBP 1,030.80 per ounce.
Silver is trading at $31.57/oz, €24.06/oz and £19.69/oz. Platinum is trading at $1,582.50/oz, palladium at $657.20/oz and rhodium at $1,350/oz.
Wednesday, April 18, 2012
Gold/Platinum Ratio Suggests Much Higher Gold Prices Are Coming Soon / Commodities / Gold and Silver 2012
There is an interesting pattern developing on the Gold/Platinum Ratio. This pattern is similar to a previous pattern on the silver chart. Below, is a graphic which features the Gold/Platinum Ratio chart (top) as well as the silver chart (bottom) (charts courtesy of stockcharts.com):Read full article... Read full article...
Wednesday, April 18, 2012
Gold Silver and Bear Raid Breaks Momentum / Commodities / Gold and Silver 2012
The paper money munchkins and metal bears are making their stand for gold at $1650 and silver at 32. That seems fairly obvious. They will hold it until they cannot, and then will fall back to defend a slightly higher price level. I like to think of it in American football terms. The bulls are going for a first down, and the bears are trying to hold them back.
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Wednesday, April 18, 2012
"Waning Enthusiasm" for Gold and Silver as Prices Drift Lower / Commodities / Gold and Silver 2012
SPOT MARKET gold bullion prices drifted lower in Wednesday morning's London trading, hitting $1640 an ounce ahead of US trading – a 1.1% fall on the week so far – while stock markets also fell and commodities were broadly flat.
Silver bullion fell as low as $31.52 per ounce – broadly in line with where it started the week.
UK government bond prices dipped – while German bunds gained as Eurozone concerns continued to focus on Spain.
Wednesday, April 18, 2012
Central Banks Favour Gold as IMF Warns of “Collapse of Euro” and “Full Blown Financial Markets Panic” / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,646.50, EUR 1,258.41, and GBP 1,030.80 per ounce. Friday's AM fix was USD 1,652.00, EUR 1,255.51 and GBP 1,035.54 per ounce.
Silver is trading at $31.61/oz, €24.16/oz and £19.78/oz. Platinum is trading at $1,577.25/oz, palladium at $656.90/oz and rhodium at $1,350/oz.
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Wednesday, April 18, 2012
Gold and Silver Price Manipulation and How They Do It / Commodities / Gold and Silver 2012
Marshall Swing writes: This article is about what I call classic gold and silver manipulation by the commercial banks.
I list steps in the commercial process that ends in commercial positions profiting and speculator positions with losses or no gains:
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Tuesday, April 17, 2012
Gold and Silver Bull Market Progress Report / Commodities / Gold and Silver 2012
As the following chart (courtesy Federal Reserve Bank of St. Louis) reveals, Central Bank easing continues 'to the sky.'
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Tuesday, April 17, 2012
Gold Fear vs Love / Commodities / Gold and Silver 2012
Why do people choose to own gold?
As I see it, there are two reasons for owning gold: one out of love, the other out of fear.
When looking at gold investment we see similar parallels drawn between past and present, East and West. The difference is, in the words of James Turk, ‘What money is and what money has become.’
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Tuesday, April 17, 2012
Gold Bearish Trend Remains, Silver sees Comex Warehouse Stocks Surge to 10-Year Highs / Commodities / Gold and Silver 2012
SPOT MARKET gold prices were hovering just above $1650 an ounce ahead of Tuesday's US trading – in line with where they have spent most of the last month – while stock markets in Europe ticked higher following Spain's successful auction of short-term Treasury bills.
"Gold remains in a bearish trend so long as it stays below $1697, which was the most recent top on March 27," say technical analysts at bullion bank Scotia Mocatta.
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Tuesday, April 17, 2012
The Future of Gold and Money, Paper Dollar and Euro Will Debase in a Big Way / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,652.00, EUR 1,255.51, and GBP 1,035.54 per ounce. Friday's AM fix was USD 1,648.25, EUR 1,266.03 and GBP 1,040.69 per ounce.
Silver is trading at $31.72/oz, €24.15/oz and £19.88/oz. Platinum is trading at $1,568.68/oz, palladium at $650.20/oz and rhodium at $1,350/oz.
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Monday, April 16, 2012
IMF Credits Gold as a Safe-Haven Asset / Commodities / Gold and Silver 2012
The International Monetary Fund recently said that it expects commodity prices to fall this year as the global economy remains weak. In the organization’s World Economic Outlook, it said, “Sizable downside risks to global growth also pose risks of further downward adjustment in commodity prices.” The ongoing European debt crisis is slowing creeping back into focus as Spain faces rising interest rates. While safe-havens in the current financial system are limited, the IMF recognizes gold as an option for investors seeking portfolio protection.
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Monday, April 16, 2012
Does Gold Ever Pay? / Commodities / Gold and Silver 2012
Is it fair to characterize gold bullion as an investment...?
WHY BOTHER investing? Five years into the financial crisis – and more than a decade after the US market hit its big top in real terms – you might well ask. Especially now that cash, bonds, Treasuries and stocks pay between zero and sweet nothing in yield, just like gold bullion.
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Monday, April 16, 2012
"Euro Crisis Back" as Spanish Yields Spark "Renewed Market Panic" / Commodities / Gold and Silver 2012
WHOLESALE gold bullion prices traded just below $1650 an ounce for most of Monday morning's London session – well within the past month's range – as European stock markets edged higher while commodities fell.
The Euro meantime sank to a two-month low against the Dollar, as investors turned their attention to rising Spanish government borrowing costs.
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Monday, April 16, 2012
Gold Consolidating Over Euro 1,200 As Spanish 10 Year Bond Yield Hits 6.15% / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,648.25, EUR 1,266.03, and GBP 1,040.69 per ounce. Friday's AM fix was USD 1,670.50, EUR 1,269.86 and GBP 1,048.91 per ounce.
Silver is trading at $31.48/oz, €24.16/oz and £19.87/oz. Platinum is trading at $1,571.50/oz, palladium at $638/oz and rhodium at $1,350/oz.
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