Category: Gold & Silver
The analysis published under this category are as follows.Wednesday, October 22, 2008
Dow Gold Ratio Hits 80 Year Extremes, Time to Buy? / Commodities / Gold & Silver
"...It's always darkest before it's pitch black..."
YOU MIGHT LIKE to know, if you put store by such things, that the US stock market just sank to a 14-year low against gold.
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Wednesday, October 22, 2008
Loading Up on Silver Below $10 / Commodities / Gold & Silver
Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.
I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.
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Wednesday, October 22, 2008
Gold, Stocks and Commodities Slump / Commodities / Gold & Silver
THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.Read full article... Read full article...
Wednesday, October 22, 2008
Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver
Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.Read full article... Read full article...
Tuesday, October 21, 2008
Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider.Read full article... Read full article...
Tuesday, October 21, 2008
Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver
Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal.Read full article... Read full article...
Tuesday, October 21, 2008
Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver
WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.Read full article... Read full article...
Tuesday, October 21, 2008
Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver
Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.Read full article... Read full article...
Monday, October 20, 2008
For Gold Investors Hope Springs Eternal / Commodities / Gold & Silver
Picking things up from yesterday , the theme of today's message is the same, albeit it appears we may have witnessed a temporary bottom in equities with the significant reversals. Rising short sales and put / call ratios are accelerating, showing signs of capitulation, along with the larger equity complex being short-term oversold. So, when you add an exploding liquidity picture to the background combined with falling interest rates around the world – hey – who can argue – it appears a bounce is in order. Here's the sticking point however, as with the 1929 pattern , don't be surprised if lower lows are vexed in late October / early November, as the public may not get sufficiently bearish in the options market in order to keep a sufficient number of negative bets on until closer to election time.Read full article... Read full article...
Monday, October 20, 2008
Silver Technicals Ripe for Explosive Rally / Commodities / Gold & Silver
Needless to say, the iShares Silver ETF (AMEX: SLV) has been in the grasp of a vicious and relentless multi-month bear phase in the aftermath of a 7-month powerful advance from 11.00 to 20.73. In fact, spot silver prices have not been this low since Februay 2006 and have retraced all of the bull move from around $9 to $21.50. Compared to the weakness in gold, silver has crashed, losing 65% of its value versus 23% in gold. Clearly, the need to deleverage and to raise cash hit the silver market much more severely than it did the gold market, which cut in half the gold/silver ratio -- no reflecting 82+ ounces of silver needed to equal the value of 1 ounce of gold.Read full article... Read full article...
Monday, October 20, 2008
Indian BSE Stock Market Crash and Lack of Gold Demand / Commodities / Gold & Silver
Indians have not really become ‘anti-gold.' They are just undergoing a natural re-evaluation process. The global crisis makes the outcome rather predictable. It's lonely out in gold-land without Indians doing their traditional holiday buying. What's the deal? Why are they staying on the sidelines?Read full article... Read full article...
Monday, October 20, 2008
Gold Slips as Stocks Rally / Commodities / Gold & Silver
THE SPOT PRICE OF GOLD gave back two-thirds of a 3.4% rally early Monday, trading below $795 an ounce as Asian stock markets closed sharply higher and US Treasury bonds fell.Crude oil pushed up to $74.50 per barrel, while soft commodities and base metals bounced hard – up more than 2.5% on average – following last week's collapse.
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Monday, October 20, 2008
China Should Buy All IMF Gold Says "Father of the Euro" / Commodities / Gold & Silver
Gold has rallied 2.5% this morning after falling some 8% last week as the “dash for cash” and the deleveraging of the international financial system gathered pace. In the process gold gave up most of the gains of the last 5 weeks in just one week. Gold was trading at some $740/oz on September 11 th and subsequently surged to over $924/oz as Lehman Brothers collapsed and the global financial crisis deepened.Read full article... Read full article...
Sunday, October 19, 2008
Silver Price Collapse Shows Silver is No Precious Metal / Commodities / Gold & Silver
Silver may be classed as a "Precious Metal" but it has certainly not received any special treatment these past few months, during which it has been sold down heavily along with most other commodities, in marked contrast to gold, which has held up well.Read full article... Read full article...
Sunday, October 19, 2008
Gold Extremely Bearish Heading for New Lows / Commodities / Gold & Silver
It's been down hill all week with only Wednesday providing a minor bit of relief. It looks like we might be heading for new lows as early as this coming week. Never a dull moment.Read full article... Read full article...
Friday, October 17, 2008
Silver Physical Delivery Delays- Open Letter to CTFC / Commodities / Gold & Silver
To Mr. Bart Chilton, Commissioner, CFTC and Ms. Janet Troyke, Director Market Regulation, CME Group :
In full and proper disclosure, I would like to ask the CME/COMEX and CFTC the following question regarding monthly delivery of silver.
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Friday, October 17, 2008
Gold and Deflation / Commodities / Gold & Silver
The question has been pouring in: “What happens to gold during a deflation? Of course, many of my readers are equally if not more interested in what happens to silver in a deflation as well.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Forecast and Analysis Online Video / Commodities / Gold & Silver
There's no doubt about it, these are volatile times and that is reflected in the broad swings in all of the markets. One market that had a huge move today (10/16) may have produced a game changer that you can make money on.Read full article... Read full article...
Friday, October 17, 2008
Gold Drops in the Face of Deleveraging / Commodities / Gold & Silver
THE PRICE OF WHOLESALE Spot Gold bullion slid further on Friday, dipping to a new one-month low beneath $785 an ounce as inter-bank lending rates eased on an historic flood of government cash into commercial bank coffers.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Crash on Hedge Funds Forced Selling / Commodities / Gold & Silver
Gold fell some 4% yesterday with forced selling being seen as hedge funds continue to deleverage and pension funds and other passive investors sell the various commodity indices. Also reports from Barclays that some European central banks had sold some 7.6 tons of gold during the week also acted to depress the market.Read full article... Read full article...