Category: Gold and Silver 2013
The analysis published under this category are as follows.Tuesday, August 06, 2013
Are Gold and Silver Really Protecting Value? / Commodities / Gold and Silver 2013
Performance - In the Dollar?
In the U.S. institutional investors, in 2013, have sold off over 1,000 tonnes of gold holdings from the SPDR gold ETF, the investment banks, from the Gold Trust and from COMEX because they have switched from gold to equities in the U.S.
Nowhere in the world have gold investors followed U.S. investors, but have either held onto their gold or rushed in to buy up the physical gold made available to them. And this was done when prices were falling.
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Tuesday, August 06, 2013
Gold Price Retreats As Dallas Fed Indicates QE Tapering By December / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,292.00, EUR 972.97 and GBP 840.38 per ounce.
Yesterday’s AM fix was USD 1,311.00, EUR 986.83 and GBP 852.91 per ounce.
Gold fell $6.30 or 0.48% yesterday and closed at $1,301.40/oz. Silver fell $0.14 or 0.71% and closed at $19.68.
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Monday, August 05, 2013
Poor Economy = Low Gold Price? / Commodities / Gold and Silver 2013
Despite some positive data, the global economy is showing signs of slowing, a remarkable development in itself when you consider all the money printing and deficit spending that's transpired over the past few years. According to the IMF's overview, global growth was less than expected in the first quarter of 2013, at just over 3%, which is roughly the same as 2012. The lower-than-expected figures were driven by significantly weaker domestic demand and slower growth in emerging-market economies, a deeper recession in the euro area, and a slower US expansion than anticipated. The report concludes that the prospects for the world economy remain subdued.
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Monday, August 05, 2013
Gold Rally Out of Seasonal Strength and Soft Non Farm Payrolls Payrolls / Commodities / Gold and Silver 2013
Fed monetary policy has been the most significant driver of gold prices over recent years, and US employment data has been the main driver of Fed policy. Therefore the release of US Non-Farm Payroll data is hugely significant for gold investors and Friday’s release was no exception. We have been bearish on gold prices for all of 2013 and as a result our model portfolio is up nearly 60% year to date. However, there a couple of factors that are causing us to consider the possibility of a significant rally in gold prices towards the end of the year. Whilst our core view is that gold prices will head lower, we see a risk that softer employment data and delay of QE tapering triggers a rally in gold over the coming months.
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Sunday, August 04, 2013
COMEX Registered Gold Inventory Continues To Drift Lower / Commodities / Gold and Silver 2013
Total gold at the COMEX, which includes eligible and registered bullion, remained steady at around 7 million ounces.
Registered gold, which is bullion that is considered as deliverable for those who choose to 'stand for delivery' on their futures contracts, remained a bit thin and decreased slightly to a little over 935,000 ounces.
Saturday, August 03, 2013
Gold And Silver – Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals / Commodities / Gold and Silver 2013
For all of the disdain directed toward the paper futures markets in gold and silver from the Precious Metals, [PM], community, those markets continue to set the tone for pricing. Why is that?
People by the tens of thousands lining up to buy gold and silver, waiting for hours in lines; record sales for gold and silver coins growing month by month; central banks have over- leased their gold holdings, [add also the gold holdings of its customers, against their knowledge]; banks no longer delivering physical gold; banks with allocated gold accounts held by the uber-wealthy not able to make good in delivering gold to rightful holders; German bank demanding gold back from New York and London, told "unable" for the next seven years, not weeks, not months, years; India banning gold imports, and now Pakistan. There are many rumors that COMEX/LMBA have little to no gold and silver available to deliver. The paper markets are garbage, worthless, a joke.
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Saturday, August 03, 2013
Gold Investors Golden Sunrise Coming / Commodities / Gold and Silver 2013
“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection – a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.” Friedrich Hayek, 1933
Gold Investors have suffered through nearly two years of Price Takedowns, as have the Gold Miners.
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Friday, August 02, 2013
How Falsified U.S. GDP Data will Lead to Much Higher Gold and Silver Prices / Commodities / Gold and Silver 2013
While it seems that just about all of the economic data coming out of Wall Street or the U.S. Government is manipulated, there is one piece of data that is not. This valuable piece of information may also give us an idea on just how much the U.S. GDP data is being falsified.
The problem today with modern economics is that it has totally divorced itself from the physical economy. Everything is based upon a financial adjustment of one figure or a recalibration of another. Nothing is as its seems in the "Wonderful World of Financialization."
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Friday, August 02, 2013
London Gold Bullion Market Data Beyond The Smoke And Mirrors / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,285.75, EUR 972.34 and GBP 847.84 per ounce.
Yesterday’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce.
Gold fell $12.50 or 0.94% yesterday and closed at $1,310.30/oz. Silver also followed suit and dropped $0.16 or 0.81% and closed at $19.66.
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Friday, August 02, 2013
The Uneconomic Return of Scrap Precious Metals and Hyperinflation / Commodities / Gold and Silver 2013
One argument against silver's return to acknowledged monetary status has been that because much of the above ground silver has already been used up by industry, there simply is not enough supply to flow around in the economy, which is a primary requirement of a suitable currency.
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Friday, August 02, 2013
The Best Case for Silver is the Other White Metal / Commodities / Gold and Silver 2013
Most observers know there have been interesting movements in commodity markets of late, much of which has to do with curious developments among some of the largest banks in the world that have been reported in the mainstream media.
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Thursday, August 01, 2013
Experts Predict 30-Day Window for Gold Price / Commodities / Gold and Silver 2013
Mary Anne & Pamela Aden: We've been studying the resource markets - and gold in particular - for over 30 years. And have seen almost every cycle the yellow metal has gone through.
One thing is certain in our opinion: International investors, central banks and corporations are all looking to buy gold... And these slow summer months are likely providing the best price.
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Thursday, August 01, 2013
A Forensic Investigation of Gold Market / Commodities / Gold and Silver 2013
This is interesting, but apparently somewhat tentative, which is understandable given the nature of the subject.
I am not in a position to assess it quite yet, but I thought it was worth sharing to see what you all might think. I intend to follow this closely and spend more time looking into it. Today I am preoccupied with the wonders of the healthcare system.
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Thursday, August 01, 2013
Gold Investor Strategies for Profiting from a Distorted Reality: Investing After QE / Commodities / Gold and Silver 2013
Quantitative easing has created new problems for commodity investors—the systemic distortion of the true supply-demand for commodities. What is a long-term investor to do? In this interview with The Gold Report, Chris Berry, founder of Mountain House Partners, explains what specific factors make a compelling junior miner in this market and lays out his strategy for profiting from a QE-distorted reality.
The Gold Report: After months of financial media coverage, investors are suffering from quantitative easing (QE) overload. At this point, what's important for investors to know about QE?
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Thursday, August 01, 2013
Summer Fun for Gold and Silver Investors / Commodities / Gold and Silver 2013
The long term needn't look quite so far off for bullion buyers right now...
PUT ASIDE the rise in US interest rates, GDP and Fed tapering talk. Just glance at the rest of this summer's headlines, and you'd think it offered a bull market for 'hard money' gold and silver.
Wednesday, July 31, 2013
Gold Nears 10% Monthly Gain Ahead of Fed Decision / Commodities / Gold and Silver 2013
The PRICE of wholesale gold fell back to $1320 per ounce Wednesday lunchtime in London as new data showed the US economy expanding faster-than-expected.
Second quarter GDP rose 1.7% in real terms from a year earlier, the Bureau of Economic Analysis said.
Wednesday, July 31, 2013
What Do Other Commodities Tell Us About Gold’s Future Price Moves? / Commodities / Gold and Silver 2013
If you want to be an effective and profitable investor you should look at the situation from different perspectives and make sure that the actions that you are about to take is really justified.
In the precious metals market it turns out very often that if you take a look at the gold’s price chart only, the outlook might be incomplete or even unclear. For this reason, we usually complement the yellow metal’s analysis by the analysis of silver, mining stocks, the general stock market, important ratios and other related markets.
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Wednesday, July 31, 2013
Untangling Gold at the Bank of England / Commodities / Gold and Silver 2013
From 2006 the Bank of England’s Annual Report has declared the quantity of gold in its custody, including the UK’s own 310 tonnes. Prior to that date a diminishing quantity of on-balance sheet gold (sight accounts) was recorded in the audited accounts, which then disappeared. This tells us that sight accounts (where the BoE acts as banker and not custodian) were dropped. This is sensible, because the BoE is no longer directly liable to other central banks while gold prices are rising.
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Wednesday, July 31, 2013
Gold Price Finally Ready to Launch / Commodities / Gold and Silver 2013
Bob Loukas writes: Gold appears to have wakened from what has been a very challenging 10 month decline. Ever since last September’s rally failed (bull trap) to take out the all-time high set back in 2011, it has literally been straight downhill for gold. But the signs of a trend change are everywhere now, and this is evident technically in the charts and within the changing composition of the Cycles. Be warned we are due a $50 pullback this week towards a Daily Cycle Low. However beyond that, all indications point to a substantial rally about to take hold. According to my Cycles analysis, we’re looking at a 10 week gold rally back to the $1,520-50 region.
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Wednesday, July 31, 2013
Why Economic Fundamentals Dictate Gold Prices Will Rise / Commodities / Gold and Silver 2013
Michael Lombardi writes: To predict future prices of any good or service, Economics 101 dictates that we must measure the demand and supply of the good or service in question. Today, I’m applying those time-proven measures to the state of gold bullion.
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