Category: Gold and Silver 2013
The analysis published under this category are as follows.Tuesday, July 30, 2013
Why Negativity Toward Gold Bullion Isn’t Affecting Physical Demand / Commodities / Gold and Silver 2013
Moe Zulfiqar writes: Gold bullion prices fell below $1,200 an ounce by the end of June; now, they are trading above $1,300, down from well above $1,600 in January. Looking at this price action in the gold bullion market,investors are asking if the recent surge after making lows is just a rally based on short covering—investors who were short-closing their positions—or if it’s due to fundamental reasons.
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Tuesday, July 30, 2013
Should You Trust Your Instincts on Gold? / Commodities / Gold and Silver 2013
Recent events in San Francisco and at La Guardia Airport made me recall a terrifying experience years ago. It was my last flight of the year, and I was headed home for Christmas. The plane was speeding down the runway to take off, when the pilot suddenly reversed thrust and slammed on the brakes; the plane shook like I have never experienced before as the pilot aborted the takeoff. As we stopped mere feet from the end of the runway and caught our breath, the pilot came on the intercom and announced, "I'm sorry to frighten you, ladies and gentlemen. I have been flying for many years. There was nothing on our instrument panel that says we have any kind of problem. It just did not feel right, and I want to have some things checked out before we go vaulting into the air."
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Tuesday, July 30, 2013
China Offers Sturdy Floor in Gold Price, But US Fed Meeting Risks Downside / Commodities / Gold and Silver 2013
PRECIOUS METALS held in a tight range in London on Tuesday morning, moving sideways as world stock markets rose and commodities slipped ahead of the US Federal Reserve meeting, which begins today.
"No outstanding features, volumes fairly light and very little to report," says broker Marex Spectron.
Tuesday, July 30, 2013
As The Crisis Deepens, Gold Flows East / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,322.25, EUR 996.65 and GBP 864.05 per ounce.
Yesterday’s AM fix was USD 1,330.75, EUR 1001.24 and GBP 864.79 per ounce.
Gold fell $3.60 or 0.27% yesterday and closed at $1,329.40/oz. Silver fell $0.19 or 0.45% and closed at $19.84.
Gold is remaining steady ahead of the key U.S. Fed policy meeting later today. Mixed economic data from the U.S. has left no clues as to when the Fed will taper its stimulus program. Gold bullion prices reached a five week high of $1,347.69/oz last week.
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Tuesday, July 30, 2013
The Silver Solar Photovoltaic Bull Market in China / Commodities / Gold and Silver 2013
Early this month, big news came out of China. It may have gone unnoticed by some investors—and there's really no reason why it would have been covered extensively by mainstream media—but it's important if you're a silver investor. China raised its target for solar generating capacity to more than 35 gigawatts (GW) by 2015, a stunning increase of 67% above the previous target.
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Tuesday, July 30, 2013
Fresh Look at Gold and Silver Precious Metals Complex / Commodities / Gold and Silver 2013
In this Weekend Report lets take an unbiased look at the HUI, gold and silver to see if there are any big changes taking place to upset the apple cart so to speak. Emotions can turn on a dime in the markets, as you are all well aware of, from bearish to bullish or the other way around in a heart beat. That’s what the markets thrive on. Being open to change and not being married to a position is critical to survival when you put your hard earned capital to work in the markets.
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Monday, July 29, 2013
Gold Traders "Wait and See" Ahead of Fed Decision / Commodities / Gold and Silver 2013
WHOLESALE GOLD prices reversed an overnight drop of $10 per ounce to trade above $1335 lunchtime Monday in London, gaining in what dealers called "very quiet" trade.
Silver also rallied from an earlier drop, adding 1.9% to trade above $20.10 per ounce.
Monday, July 29, 2013
Now Time to Buy Silver? / Commodities / Gold and Silver 2013
With silver prices down some 30% year-to-date, is now a good time to buy silver?
We at Money Morning love the buying opportunity being presented in the silver market. With a near zero interest policy in the U.S. likely to stay in place for at least a few more years, and global monetary printing presses continuing to run at full speed, precious metals like silver are once again a lucrative, and now much cheaper, asset.
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Monday, July 29, 2013
Silver Price Behavior Change, Enough For A Bottom? / Commodities / Gold and Silver 2013
One of the largest issues many have with technical analysis is linking an understanding of their fundamental “beliefs” with prices on a chart. By fundamental, we include simply the knowledge of any number of known factors, shortages, record buying of coins, people generally positive about the “news,” as a few simple examples. There is a need for a hand- to-eye type of association between existing fundamental “beliefs” and current prices.
Beliefs are formed opinions about reality, but not necessarily reality itself. Change the belief, and you change the reality. The current wide-spread belief is that there is a huge shortage in silver, relative to the demand. From that belief an expectation of higher prices arises. The reality is, for whatever reason, price has declined to levels that have surprised almost all who follow the silver market, and gold, as well.
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Monday, July 29, 2013
Extreme Gold Market: Distortions Abound, Disappearing Supply Comex Near Future Shutdown / Commodities / Gold and Silver 2013
The true Gold price is PP in the graph, while the phony price is P* since it is associated with supply shortage and excess demand. A picture might be worth a thousand words, but sometimes a picture requires a thousand words to explain its full meaning. The true Gold price is very much unknown, hotly debated, and unclear even to the professionals in the business of selling it in either small or large quantities. Tremendous variance in Supply across the world will become more common, seen as pockets today. The new wrinkle to float from the ether is the wide perception that the gold market is corrupt, that futures contracts are corrupt, that the official inventory accounting is corrupt, that the bond market behind the fiat currency system is corrupt, that the derivative market that supports the banking system is corrupt, that the bank asset accounting is corrupt, and that the leaders are members of a corrupt corporatocracy that hardly steeps in democracy. The perceptions toward corruption are fast changing.
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Sunday, July 28, 2013
Unusual Gold Rally is on the Cards / Commodities / Gold and Silver 2013
Get ready for a rally in the most important ratio you're not following... the "gold-to-oil" ratio.
Most folks don't know about it, but there is an interesting world of trading ideas that can be termed "ratio trades." These aren't the conventional "buy a stock and hope it goes up" trades. They involve trading one asset against another asset. For example, one of the most important ratios in this group is the "gold-to-oil" ratio.
Sunday, July 28, 2013
Bank of England May Have Directed Release of 1,300 Tonnes of Central Bank Gold / Commodities / Gold and Silver 2013
Although it is not been verified I thought this calculation by Alasdair Macleod was quite striking.
Based on recent figures from the Bank of England, it appears as though the Bank of England has directed the leasing of about 1,300 tonnes of central bank gold from their vaults in a four month period from March through June.
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Sunday, July 28, 2013
Gold And Silver – Newton’s Third Law Is About Ready To (Over) React - Be Prepared / Commodities / Gold and Silver 2013
Our clarion call is for the physical market to soon takeover the actual price for buying and selling. When, we do not know? Timing is now less critical than actual possession, from this point forward.
The probability of a new low, in futures, may be 50-50. It was much higher, a month ago. The odds of successfully picking a bottom are remote. Not to pick on Richard Dennis, but he is a poster boy for losing big time when he tried to pick a bottom in sugar, to the extent of decimating one or a few of his funds. How hard could it have been to lose so much money buying sugar when it was under 5 cents, at the time?
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Friday, July 26, 2013
Saving Silver Before the Real Confiscation / Commodities / Gold and Silver 2013
The general case for holding silver continues to improve as the MFGlobal and HSBC scandals confirm the absence of any rule of law or justice in the global financial system. The Peregrine Financial fiasco only serves to verify this somewhat jaded viewpoint.
Furthermore, the Cyprus “bail-in” or savings confiscation debacle makes it perfectly clear that keeping more than a small portion of one's assets in the financial system is increasingly unwise and could be subject to greater risks than most investors think.
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Friday, July 26, 2013
Gold, Silver and the Antifragile Concept / Commodities / Gold and Silver 2013
The concept of antifragility comes from Naseem Taleb's book Antifragile. In it, he describes things and processes that thrive on mistakes and volatility.
Basically, an antifragile system is one where error and/or risk is allowed, encouraged and leads to improvement overall.
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Friday, July 26, 2013
Gold Price Retreats to April-Crash Low / Commodities / Gold and Silver 2013
The PRICE of gold bullion retreated from an overnight rise to $1340 per ounce in London on Friday morning, trading back down to $1322 – the low hit by the mid-April crash – as the US Dollar ticked higher.
Silver prices slipped back below $20 per ounce – a 33-month low when first breached in June.
Japanese stocks meantime fell hard as the Yen rose on the currency markets, and European equities slipped with commodities.
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Friday, July 26, 2013
Buy Silver Now? II / Commodities / Gold and Silver 2013
Are you invested in or looking to buy into the silver market? Back in April we wrote an article illustrating the seasonal trends for the price of silver. At that time we determined that it may make sense to wait for a more favorable time of year to buy new positions. Based on silver performance in past years, would it have made sense to buy in July / August, or would it have made sense to wait for a better buying opportunity? Let’s take a look at some purchases in the bull market at the start of each August to see what would happen to that investment by spring.
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Friday, July 26, 2013
Gold and Silver Price Trend Forecast Progress Report / Commodities / Gold and Silver 2013
This chart courtesy Federal Reserve Bank of St. Louis shows the US Monetary Base continues to rise exponentially. This is one of five major (along with many minor) central banks that are daily adding to the money supply of the world. This madness is causing investors to hedge against chaos and price inflation. Precious metals will benefit.
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Thursday, July 25, 2013
Why are the Gold and Silver Prices Rising? / Commodities / Gold and Silver 2013
Fall in the Prices of Gold & Silver
Gold and silver recently hit their lows -$1,180 for gold and $18.50 for silver--after being hit by tremendous persistent selling from the SPDR gold ETF and then a major, well-engineered bear raid from Goldman Sachs, J.P. Morgan Chase alongside several hedge funds. This entailed the selling of over 1,000 tonnes of physical gold in less than three months. The bear-raid in mid-April involved around 500 tonnes of this. In a market where the net supply is just over 10 tonnes a day, this wave of selling overwhelmed demand, initially and caused the precipitous fall in gold and silver prices.
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Thursday, July 25, 2013
Attention Gold Bears - Fed to fall Short on Tapering QE-3 / Commodities / Gold and Silver 2013
The value of Gold has fluctuated wildly over the past few years. After rallying for 12-straight years, the yellow metal has tumbled as much as -38% from its all-time high of $1,923 /ounce reached in August ‘11. Gold officially fell into the quagmire of a Bear market on April 12th, and even central bankers were caught off guard. They were net buyers of 535-tons last year, - the most they’ve ever accumulated in any single year. Today, the central banks are among the biggest losers - holding 31,700-tons, or roughly 19% of all the gold mined.
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