Category: Gold & Silver
The analysis published under this category are as follows.Wednesday, December 31, 2008
Gold Shines Following Feds Fight Against Deflation / Commodities / Gold & Silver
Don Miller writes: The currency markets reaction to the Federal Reserve's recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.Read full article... Read full article...
Wednesday, December 31, 2008
Stocks Suffer Record Loss for 2008 Whilst Gold Gains / Commodities / Gold & Silver
THE PRICE OF GOLD BULLION slipped into the New Year's shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce.Read full article... Read full article...
Tuesday, December 30, 2008
U.S. Government Sanctioned Gold Price Manipulation / Commodities / Gold & Silver
The Office of the Comptroller of the Currency just released its Q3/08 Quarterly Derivatives Fact Sheet today. Here is one of the highlights:
Take a look at J.P. Morgan's gold derivatives [futures] position, paying particular attention to how the < 1 yr. position changed from the end of Q2/08 to the end of Q3/08:
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Tuesday, December 30, 2008
Central Banks Fight to Prevent Hyperinflation by Manipulating Gold Price / Commodities / Gold & Silver
The global gold trade – or at least its price discovery – is historically and primarily conducted on major exchanges; primarily at the London Bullion Market Association [LBMA] and to a lesser extent the New York Commodities Exchange [COMEX].Read full article... Read full article...
Tuesday, December 30, 2008
Gold Investors Ending 2008 in Profit / Commodities / Gold & Silver
THE WHOLESALE PRICE OF PHYSICAL GOLD slipped in London on Tuesday, retreating 2% from yesterday's early 11-week high to trade at $871 an ounce.
World stock markets rose and crude oil fell in thin holiday trade. Bond prices pushed higher again, driving yields still further below inflation.
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Friday, December 26, 2008
Gold Secular Bull Market Investing Fundamentals / Commodities / Gold & Silver
Gold belongs in every investor's portfolio. It is totally unique among financial assets, a physical metal commanding timeless and universal intrinsic value. It is a rock of stability in a chaotic world, a stark contrast to the complex web of mere promises to pay that is our modern faith-based financial system. Without gold, true diversification and protection from systemic risk is impossible.
Gold's fundamentals are dazzlingly bullish. Like everything else on the planet that is freely bought and sold, gold's price today and in the future is a direct function of its supply and demand. As long as its global demand exceeds its global supply on balance, gold's price will continue powering higher in its secular bull. While it has already come far from its humble beginnings in the $250s in April 2001, it has a long way to run yet.
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Friday, December 26, 2008
Silver and Gold More Than Just A Christmas Carol / Commodities / Gold & Silver
Silver and gold, silver and gold
Ev’ryone wishes for silver and gold
How do you measure its worth?
Just by the pleasure it gives here on earth
... or so goes the well-known Christmas carol you've probably heard several times already during this holiday season. But aside from the decorations in your home and office, how much gold do you actually own right now in your portfolio?
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Wednesday, December 24, 2008
Gold Trends Lower as Financial Markets Shutdown for Christmas / Commodities / Gold & Silver
SPOT GOLD slipped into London's long Christmas break on Wednesday but held inside a tight range, dropping $5 an ounce at the AM Gold Fix of $836.75 as world stock markets also fell in thin holiday trade.The London Bullion market – center of the world's wholesale dealing – is now closed until Monday 29th Dec. European stock markets, like New York, close at lunchtime.
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Monday, December 22, 2008
Inflation or Deflation, Look to Gold for the Answer / Commodities / Gold & Silver
Our world is becoming ever more a dangerous place to live. Now, our own president cannot carry out his duty without having to swerve to avoid a thrown shoe. But, wow, did it leave his hair disheveled. Needs a haircut anyway. Too long and shaggy. George, look out for those thrown shoes! But what about that debate over who will take precedence…deflation or inflation?Read full article... Read full article...
Saturday, December 20, 2008
Gold Backwardation Forward Thinking / Commodities / Gold & Silver
In an earlier article Backward Thinking on Backwardation I explained that backwardation in gold is the flipside of the phenomenon of a drastic contraction of world trade and employment. This brings out the danger in denying the fact of gold backwardation or to belittle its significance, as most observers seem to be doing. I am reminded of the saying of the Swiss educator F.W. Foerster: "if you don't use your eyes for seeing, later you will use them for weeping." In this article I want to enumerate the reasons why I believe that permanent backwardation in gold would bring about the descent of our civilization into lawlessness similar to that following the collapse of the Western Roman Empire.Read full article... Read full article...
Saturday, December 20, 2008
Gold's Inverse Relationship to the U.S. Dollar / Commodities / Gold & Silver
As the U.S. $ Index and the price of gold bullion seem to be moving in opposite directions one wonders once more who is leading and who is following (albeit in opposite direction)? More importantly, where is each going?Read full article... Read full article...
Saturday, December 20, 2008
Physical Silver- Where is it? / Commodities / Gold & Silver
I received a phone call from Tarek Saab, a former finalist on Donald Trump's television show, The Apprentice . At first I was a bit suspicious because, believe it or not, there are a few flakes floating around the gold and silver arena, and having someone claim to be associated with The Donald did send up warning flags. I must state, however, that perhaps to an outsider, all gold and silver bugs probably seem nuts!Read full article... Read full article...
Saturday, December 20, 2008
The Future of Silver- TELEPATHIC interview with Adam Smith / Commodities / Gold & Silver
Robert Singer, recently proclaimed a Junior Mogambo Ranger (JMR) interviews Adam Smith, telepathically. I got out my new Matrix Mind-ray Scanner, delivered before The Sharper Image and our way of life filed for bankruptcy and Googled “who is the founding father of economics”. Results: Richard Cantillon, Alexander Hamilton and Adam Smith. I never heard of Cantillion and Hamilton is the father of Crony Capitalism. I selected Adam Smith and set the device on “Interview” and typedRead full article... Read full article...
Friday, December 19, 2008
Massive U.S. Dollar Devaluation Against Gold During 2009 / Commodities / Gold & Silver
The Federal Reserve estimates that in the past year losses in real estate, stocks and mortgages have sucked out some $7.2 trillion of wealth from the U.S. economy. Some are now putting the figure at $20 trillion. A massive recession is starting and will likely spread throughout much of the world. These forces have exerted their classic strong downward pressure on the price of gold.Read full article... Read full article...
Friday, December 19, 2008
Gold Stock Vs Paper Fiat Asset Valuations / Commodities / Gold & Silver
"...Yes, the numbers of rough. But people choose gold when paper collapses in value..."
RUNNING into YEAR-END 2008 with a hatful of fears, losses, hope and questions?
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Friday, December 19, 2008
Analysis of the Relationship Between Gold and Crude Oil Price Trend / Commodities / Gold & Silver
As I toured around the world to talk about the merits of gold during the last several years, the same question was posed to me over and over again
"John, oil is $80, $100, $150 a barrel, why hasn't gold lived up to its reputation as a hedge against inflation?"
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Friday, December 19, 2008
Gold 2009 Trend Unknown Due to Global Deflation and ZIRP / Commodities / Gold & Silver
THE SPOT PRICE of gold tumbled in Asia and London on Friday morning, sliding $42 from yesterday's top – and cutting this week's gains by four-fifths to 1.5% – as stock markets also sank despite fresh rate cuts from the world's No.3 central bank.Read full article... Read full article...
Friday, December 19, 2008
Silver to Outperform Gold During 2009 as World Faces Deflationary Meltdown / Commodities / Gold & Silver
Gold fell yesterday on a bounce in the dollar and renewed weakness in the oil and commodity markets. While gold has clearly decoupled from oil and commodities in recent weeks, due to its safe haven currency credentials, oil and the commodities can still effect gold’s performance in the short term. As can weakness in stock markets. Gold trading on the COMEX in the US opening hours has been increasingly correlated with stock markets in recent weeks and months . This correlation with stock markets is however of a short term nature as can clearly be seen in gold’s outperformance of equity markets in recent months and years.Read full article... Read full article...
Thursday, December 18, 2008
Backward Thinking on Gold Futures Backwardation / Commodities / Gold & Silver
On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but widened to 0.36% in the February contract. 12,673 contracts remain for tender in December, including an additional 37 contracts since last Friday. The discount on the December futures was 50¢ offered to those owners of physical gold who would transfer the carry to the market for the remaining 14 in December, or 60¢ for the 72 days deferred delivery for the February contract.Read full article... Read full article...
Thursday, December 18, 2008
High Silver Premiums and Comex Delivery / Commodities / Gold & Silver
This article is intended as a follow up to the large number of emails I received after my article on high premiums on retail bullion silver. Needless to say, not everyone was in agreement with me and that was the majority! But first, I was in contact with a large bullion provider in London with whom I have dealt with in the past. Like other dealers they have experienced high demand and they too have had to put the "Sold Out" sign on silver bar products. I put the obvious question to them, " Is this a silver shortage? " to which he replied " Don't believe the hype! ".Read full article... Read full article...