Category: Gold and Silver 2013
The analysis published under this category are as follows.Friday, October 25, 2013
China's Gold Reserves At Least 2.5 Times Higher Than Reported, ‘De-Americanisation’ Continues / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,341.75, EUR 971.79 and GBP 827.58 per ounce. Yesterday’s AM fix was USD 1,336.25, EUR 968.79 and GBP 825.76 per ounce.
Gold climbed $12.10 or 0.91% yesterday, closing at $1,345.40/oz. Silver inched up $0.11 or 0.49% closing at $22.67. Platinum rose $15.45 or 1.1% to $1,445.75/oz, while palladium fell $0.53 or 0.1% to $743.47/oz.
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Friday, October 25, 2013
Silver in a Deflationary Crash / Commodities / Gold and Silver 2013
Silver may be the good news metal, but it's about to have a serious retest of its “bad news” capacity.
The 1970’s
It's been a long while since we've witnessed visible inflation.
Friday, October 25, 2013
Silver and Gold - Lone Options in an Exponential World / Commodities / Gold and Silver 2013
Monetary inflation, by whatever euphemism and at multiple stages in its cycle, has clear benefits to some but major disadvantages for the majority. Sadly, the impact of the final leg of the century- long monetary experiment may be far uglier than many would like to imagine.Read full article... Read full article...
Friday, October 25, 2013
Precious Metals: Gold, Silver and Miners Are Trapped / Commodities / Gold and Silver 2013
The precious metal market has been stuck in a strong down trend since 2012. But the recent chart, volume and technical analysis is starting to show some signs that a bottom may have already taken place.
This report focused on the weekly and monthly charts which allow us to see the bigger picture of where the precious metals sector stands in terms of its trend.
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Thursday, October 24, 2013
US Dollar Valued In Gold Since 1718 / Commodities / Gold and Silver 2013
How many ounces of gold can $1000 buy?
The answer over time is instructive. Here is some knowledge about money.
It is remarkable how few economists really understand this, and what it means, what it implies.
Thursday, October 24, 2013
Technicians Turn "Gold Bulls" as SocGen's Edwards Warns of "Financial Bubbles" / Commodities / Gold and Silver 2013
The PRICE of gold gained $10 per ounce in London trade Thursday morning, gaining 2.2% for the week so far to trade at $1346 as several analysts said they were "turning bullish".
World stock markets ticked higher, while the Euro slipped from 2-year highs vs. the Dollar after weaker-than-expected PMI economic data, led by a sharp in services sector growth.
Thursday, October 24, 2013
Gold Prices Still Dependent On The US Dollar / Commodities / Gold and Silver 2013
Background
We will begin by taking a look at some of the factors that usually drive investors into the arms of ‘safe haven’ gold and other precious metals.
We are all aware that the world is in a chaotic state at the moment with a number of friction points that could spark and get of hand at any time. The debt ceiling has been raised in the United States paving the way for more government spending. Bond buying programs remain in place and currency creation by a number of governments continues unabated as each nation attempts to boost exports by debasing their own currency. The production of gold from mining activities is slowing. The demand, especially from China appears to be in overdrive. On a seasonality basis the fall is usually a time when gold does very well, but that is not happening this year, at least not just yet.
Thursday, October 24, 2013
Oversold Gold Does The Trick, Bulls Get The Treat / Commodities / Gold and Silver 2013
In what started as a depressing month for gold investors has turned positive with metals and mining stocks posting their best performances since August.
Investors may have dreaded October heading into the month for various reasons - not the least of which was the U.S. government shutdown and debt ceiling showdown. But the "scariest month" is turning out to be nothing more than a phantasm heading down the final stretch. In this commentary we'll examine where gold is likely headed thanks to a historic technical condition mentioned in previous commentaries.
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Wednesday, October 23, 2013
Gold, Silver and the Debt Ceiling / Commodities / Gold and Silver 2013
To paraphrase William Shakespeare, “the debt ceiling drama is a tale told by idiots, full of sound and political fury, signifying nothing.” We now have a reprieve for three months – the 11th hour deal, complete with payoffs and the usual corruption, will keep the world safe for more ineptitude, deficit spending, administrative hypocrisy and the guarantee of a sequel. All is well! Celebration! Champagne! Cut to a prime-time commercial promoting big government and Obamacare…
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Wednesday, October 23, 2013
Delay in Fed Taper Sees Gold "At Key Juncture" / Commodities / Gold and Silver 2013
The PRICE of GOLD slipped 1.1% from yesterday's sudden 3-week high in London on Wednesday, holding above $1330 per ounce as the US Dollar rallied from new two-year lows on the currency market.
Falling to $1.3790 per Euro, the Dollar had dropped almost 1% after September's US jobs data showed much weaker hiring than analysts forecast.
Wednesday, October 23, 2013
What's Your Gold Plan for Getting Punched in the Mouth? / Commodities / Gold and Silver 2013
Miguel Perez-Santalla writes: Planning to win is where you should start. But what if your opponent hits back...?
MIKE TYSON may be launching his autobiography, but he isn't famed for his eloquence.
Still, while he's no Mohammed Ali perhaps, Iron Mike's best boxing tip – that "Everyone has a plan until they get punched in the mouth" – is much deeper a comment than the former world heavyweight champion may have intended.
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Tuesday, October 22, 2013
Gold Market Tremors and Warnings / Commodities / Gold and Silver 2013
Here are three charts that capture the somewhat uniquely dangerous situation in the gold futures market on the Comex.
The first chart shows all gold in storage at Comex certified private warehouses. The major bullion banks control the vast majority of this storage. Among these are JPM, HSBC, Scotia Mocatta. Storage and delivery services are also provided by Brinks and Manfra, Tordella, and Brookes, a large NYC coin and bar dealer.
Tuesday, October 22, 2013
Gold Traders Lack Conviction / Commodities / Gold and Silver 2013
WHOLESALE gold held in a tight $5 range Tuesday morning in London, drifting around $1315 per ounce ahead of delayed data on US unemployment.
The monthly Non-Farm Payrolls report had been due more than two weeks ago. It was set for release Tuesday after Congress's 3-month deal on the $16.7 trillion debt ceiling ended the shutdown of government services.
Tuesday, October 22, 2013
A Green Light for Gold? / Commodities / Gold and Silver 2013
It is rare that investors are given a road map. It is rarer still that the vast majority of those who get it are unable to understand the clear signs and directions it contains. When this happens the few who can actually read the map find themselves in an enviable position. Such is currently the case with gold and gold-related investments.
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Monday, October 21, 2013
Gold Flat, Silver Jumps as Fed and Physical Demand Back in Focus / Commodities / Gold and Silver 2013
The PRICE of gold was unmoved Monday morning in London, trading barely 25c higher at $1317.50 per ounce as European stock markets also halted their rise, holding global equities near 5-year highs.
Gold traded in Shanghai today pulled back to $7 per ounce above London benchmarks, with Australian bank ANZ saying trading looked "subdued" as a result.
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Monday, October 21, 2013
The Fundamentals of the Silver Market / Commodities / Gold and Silver 2013
Brett Chattz writes: All that Glitters is not Gold, it may be Silver!
The global financial crisis that began around 2008 sent investors into a tailspin. As the value of stocks plummeted, so the urgency to seek investment safe havens grew. The ongoing volatility in global financial markets is a natural catalyst for alternative investments such as precious metals. Among the most well-known precious metals is gold. However, silver is not to be underestimated in any way. As traders seek to limit their losses and grow their net worth, alternative investments in precious metals become more attractive. Not only do these types of investments add variety and depth to a portfolio, they also act as safe havens against rising economic uncertainty. The silver market is one of the most heavily traded markets in the world, and the relative stability of this market is well noted.
Sunday, October 20, 2013
Gold and Silver Back Story vs Charts; Charts Are Superior / Commodities / Gold and Silver 2013
Almost everybody wants a back story, some information to explain what is going on with gold and silver, mostly looking for some kind of psychological calm as prices decline, or a ray of hope to reinforce why price may reach the sun and the moon. Is there anything that has not been presented, repackaged and represented that has not already been more than fully covered to justify much higher price levels? Have any of them achieved what was promised?
Saturday, October 19, 2013
The London - China Gold Conduit — A Major Financial Coup D’etat / Commodities / Gold and Silver 2013
The United Kingdom’s gold exports to Switzerland jumped from 85 tonnes to 1,016 tonnes in the first eight months of 2013 — a twelve times increase. Some bullion market watchers attribute the huge increase to withdrawals or sales from ETFs — an explanation that covers only half the story…….if that.
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Saturday, October 19, 2013
Vulgar Competition and Italian Gold / Commodities / Gold and Silver 2013
Alessandra Pilloni writes: Vulgar competition needs to come to Italy's delicate jewelry business...
"Italy accused of protectionism!" is hardly news.
Wanting free competition in the airline market, IAG - the group formed from the UK's privatized British Airways and Spain's privatized Iberia in 2012 - has urged the European Commission to investigate and block the possible rescue of Italy's bankrupt Alitalia by the state-owned Italian Post Office. This tells a story all too familiar in Italy - the lack of a reality check, or any market discipline, for companies who are struggling to remain competitive in today's global economy.
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Saturday, October 19, 2013
Gold, Silver and U.S. Debt / Commodities / Gold and Silver 2013
Don’t Miss Out on These Important Charts.
“The National Budget must be balanced. The Public Debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the Nation does not want to go bankrupt. People must again learn to work, instead of living on public assistance.” …..Marcus Tullius Cicero ( 55 BC).
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