Category: Gold & Silver
The analysis published under this category are as follows.
Wednesday, July 02, 2008
Gold Surges on High Geopolitical Risk of Israel Militarily Strike on Iran / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents.Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ( $141.30 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ). However, geopolitical risk remains ever present and this should result in gold remaining well bid at these levels.
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Tuesday, July 01, 2008
Gold and the Ancient Sequence of Market Numbers / Commodities / Gold & Silver
By: John_Needham
Passion and Precision Most Gold traders are also Gold buffs. As the oldest form of money known to man and the first step past a basic bartering system in our civilization's development, Gold and Silver occupy a special place in our psyche, thus it is not surprising that many traders are passionate about the commodity they trade. Passion in all its forms is more pleasurable in anticipation than reality, a concept that gains acceptance with age, but there are times when anticipation will not suffice and precision is demanded. So it is with the world of trading.
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Tuesday, July 01, 2008
Gold Prices Set to Double or Triple on Oil Shock / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES ticked back towards yesterday's 11-week highs early Tuesday, standing 1.1% above Monday's low as crude oil bounced on the threat of Israel bombing Iran .The Euro spiked above $1.5800 against the Dollar on the currency markets, as traders watched for Thursday's much-anticipated European Central Bank decision on interest rates.
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Monday, June 30, 2008
Gold Up as World Policy-Makers Pile Mistake on Mistake and Push Inflation Higher / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION jumped again early Monday, just breaking the May 21st high of $935 per ounce to touch an 11-week high.Crude oil rose to a new record above $143 per barrel, and bond yields ticked higher as prices fell.
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Monday, June 30, 2008
Gold Safe-haven Demand as Fed Credibility on the Line / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $928.50 in New York on Friday and was up $16.20 and silver closed at $17.62, up 50 cents.While the dollar has strengthened somewhat, oil has again rallied sharply to new record highs ( up 2.4% to over $143.60 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ) and this should result in gold remaining well bid at these levels. Geopolitical risk and continuing tensions in the Middle East and between the U.S. and Iran appear to be part of the driving force behind new record highs and this has led to gold being firm.
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Friday, June 27, 2008
Preserve Your Wealth Buy Gold / Commodities / Gold & Silver
By: Adrian_Ash
"...Turn up the gloom! Investors will do well merely to preserve wealth from here..."
IT'S HARD TO BE BULLISH on gold when there's so much bad news in the world.
After all, Gold offers a refuge against bad times ahead. Like all good insurance, it's best bought before trouble arrives – not during or after.
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Friday, June 27, 2008
Gold Jumps on Crude Oil Breakout Above $140 / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped higher again in early London trade on Friday, breaking new one-month highs above $926 per ounce as crude oil reached all-time highs near $142 per barrel.
Asian stock markets closed the week almost 3% down while the US Dollar fell to a three-week low vs. the Euro.
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Friday, June 27, 2008
Gold has Largest One Day Gaim Since 1985 on Global Inflation Shock / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $912.30 in New York yesterday and was up $32.70 and silver closed at $17.12, up 64 cents.
Gold surged in what was the largest one day move since 1985 as the dollar weakened, oil prices surged to new record highs and stock markets fell sharply. While gold was up some 3%, most U.S. stock indices were down some 3% and this continued in Asia and early European trading with gold rising to over $920. Although European indices have recovered somewhat as the morning has progressed, gold has continued to remain firm and safe haven demand has reemerged on decreasing risk appetite.
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Thursday, June 26, 2008
Gold Jumps on Central Banks Failure to Act Against Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped ahead of the Wall Street opening on Thursday after the Federal Reserve left US interest rates some 2.0% below the rate of inflation.Breaking $908 per ounce, Gold rose above last week's closing level as crude oil bounced and the US Dollar fell hard on the currency markets.
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Wednesday, June 25, 2008
Gold Lower Ahead of US Fed Interest Rate Indecision on Dollar and Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD ticked lower in London on Wednesday, dropping $4 per ounce from last night's close as currency, bond and stock market traders awaited today's decision and statement on US interest rates from the Federal Reserve."The Dollar managed to stabilize [overnight] in after-market trading," notes Manqoba Madinane at Standard Bank in Johannesburg , "possibly indicating that investors anticipate hawkish comments from the Fed on inflation today."
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Tuesday, June 24, 2008
Gold Rallies on Negative Real Interest Rates / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in Asian and early London trade on Tuesday, recovering one-third of Monday's 2.7% drop as crude oil pushed higher and European stock markets sank.
The Dollar held flat ahead of tomorrow's Federal Reserve vote on interest rates. It's widely expected to leave the real returns paid to cash 2% below zero.
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Monday, June 23, 2008
Gold's Corrective Upleg is Complete / Commodities / Gold & Silver
By: Mike_Paulenoff
Although the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted much if any meaningful technical damage to the overall pattern off of the 5/1 low of 83.57, today's big gap down certainly argues that the current upleg off of the 6/12 low at 84.83 into Friday's high at 89.61 is complete! In addition, my expectation of an approaching significant low closer to the timeframe of the bottoming of the 15-18 week cycle low between July 7 and 14 suggests that today's weakness is the start of the road towards such a low, which figures to be VERY important indeed. Let's expect the GLD to press towards a test of the rising 200 DMA in the 85-84 target zone in the upcoming hours/days -- and possibly decline into the 82.90/50 area prior to a powerful upside reversal.Read full article... Read full article...
Monday, June 23, 2008
Gold Remains Firm on Stagflation Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $901.70 in New York on Friday and was down 40 cents and silver closed at $17.33, up 1 cent. Gold was up over 4% last week and the close above $900 may prove important from a technical point of view in the coming weeks.Read full article... Read full article...
Monday, June 23, 2008
Gold Holds Ahead of US Interest Rate Decision / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an early 0.6% rally in London on Monday, trading just shy of last week's close at $902 per ounce as crude oil bounced and European equities held flat.The world's biggest investment banks, meantime, issued a series of notes accusing each other of ever greater write-downs for the April-June quarter.
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Monday, June 23, 2008
Another Gold Attack, then North to $2,000! / Commodities / Gold & Silver
By: Alex_Wallenwein
Ordinarily, gold would be right before a major breakout point at this time, which should occur this week or the following week at the latest – but Wall Street and the entire US financial structure are so near a complete breakdown that another attack on gold must be expected. Here are the reasons why: Read full article... Read full article...
Sunday, June 22, 2008
Silver Fan and Pennant Corrective Pattern Resolving Towards Breakout / Commodities / Gold & Silver
By: Clive_Maund
The arguments relating to gold apply in large part to silver, so here we will only detail the important differences and readers are referred to the parallel Gold Market update.
Like gold, silver has been marking out a 3-arc Fan Correction following its March peak, and the chief difference between the two is that silver looks even stronger. On the 1-year chart we can see that silver has marked out a more solid looking base line of support between about $16.20 and $16.50 above its rising 200-day moving average and we can also see that it is closer to breaking out above the 3rd fanline of the fan pattern.
Sunday, June 22, 2008
Gold on the Cusp of a Major Breakout / Commodities / Gold & Silver
By: Clive_Maund
Although gold has remained in the doldrums since the last update, there is plenty of evidence that another strong uptrend is solely a question of when, not if. On the 1-year chart we can see that the reactive phase in force from mid-March is taking the form of 3-arc Fan Correction that is now believed to be quite close to completion. These fan patterns typically start out with a steep, panicky selloff as intermediate traders realize that the game of over for the time being and hit the exits. This is normally followed by a significant bounce and then by a more measured decline that frequently wreaks the most damage because it drags on for alot longer, although that was not the case here. Then, after another bounce renewed decline sets in, but this time there is little selling pressure behind it, and this downleg frequently terminates only a little below the 2nd drop and sometimes at or above it, which is a sign of strength. Read full article... Read full article...
Saturday, June 21, 2008
Gold Long-term Rating Once more Turns Bullish / Commodities / Gold & Silver
By: Merv_Burak
Gold was up every day this past week (and Friday of the previous) and still not really showing any great upside strength. Gold bugs always seem to think that up is the only direction but sometimes we get surprises. Are we in for one ahead?
GOLD : LONG TERM
With the continuous upside action there has been some changes to the long term indicators this past week. The price of gold has once more moved above its moving average line and the line remains in a positive slope.
Friday, June 20, 2008
SILVER and its Investment and Industrial Sides / Commodities / Gold & Silver
By: David_Morgan
What drives the price of silver? Certainly it is a function of buying and selling pressure, and primarily, this price setting mechanism takes place on the COMEX. However, so much has been written recently about short selling, price management, and naked sales, and on and on, that I wanted to take a more basic look at demand. Real demand and investment demand, regardless of how the price is set, fall into two main categories. We have investment demand (monetary demand), and we have industrial demand. In this year's World Silver Survey 2008, sponsored by the Silver Institute, under the Investment Chapter it states, “Investor activity was the main driver of the high and volatile silver price in 2007.”Read full article... Read full article...
Friday, June 20, 2008
Invsting in Sliver- SLV Silver ETF / Commodities / Gold & Silver
By: Zeal_LLC
On April 28th, 2006 , Barclays launched the first silver exchange-traded fund in the US . Traded on the AMEX as SLV, the iShares Silver Trust was eagerly anticipated by silver investors ahead of its birth. It ushered in a new era where vast pools of stock-market capital gained an easy conduit into the physical silver market.
One of the reasons investors originally liked SLV so much is silver consumers aggressively lobbied the SEC to kill it. The Silver Users Association wrote some fascinating letters to the SEC bemoaning the birth of SLV as the end of cheap silver as we knew it. Established in 1947, the SUA is an organization of industrial users of silver in applications including photographic, electronic, silverware, jewelry, and other fabrication.
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