Category: Gold & Silver
The analysis published under this category are as follows.Monday, June 02, 2008
Gold Rises on Credit Crisis as UK Banks Slump / Commodities / Gold & Silver
SPOT GOLD PRICES jumped 1.2% higher after an early dip on Monday, gaining as European stock markets fell sharply.The Gold Price then fell back to trade near to last week's close as the New York opening drew near.
US stock futures pointed down, while crude oil prices slipped 1.3% to fall below $126 per barrel.
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Sunday, June 01, 2008
Gold Correction Confirmation / Commodities / Gold & Silver
“The primary expectation [is]… a three-wave correction off the recent lows, culminating in a 5-wave move up that will reverse and produce new lows. One more new high to complete c of b is likely. A move back below the 50-day sma would tend to contraindicate the impulsive count, but overlap of wave 1 at $890 is needed to invalidate the impulse… while physical buyers who've chased the rapidly rising price are literally left holding the bag.” ~ Precious Points: B Unbiased, May 25, 2008Read full article... Read full article...
Sunday, June 01, 2008
Gold and Silver at Crucial Point Between Bull and Bear / Commodities / Gold & Silver
It was a bad week but not yet a disaster.
Illness in the family. Commentary will be short.
GOLD: LONG TERM For the next few weeks, time will not permit a detailed review of the precious metals market. I would recommend that readers go to the TABLE of Precious Metals Indices for a view of the technical information about the various Indices and markets.
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Sunday, June 01, 2008
Gold and Silver Heading for Imminent Deflationary Crash? / Commodities / Gold & Silver
Welcome to the Weekly Report. This week we look at the end of the western world as we know it. Well okay if not the end then it's the beginning of the end. My interest over the past few weeks has switched from stocks into bonds. Interesting things are happening to bonds and we should take note. We round off this week with a look at the Dow and a new indicator.Read full article... Read full article...
Saturday, May 31, 2008
The End of Gold Manipulation / Politics / Gold & Silver
Every investor has the power to end gold manipulation. All he must do is lift a single finger – but at the right time, and at the right place.If you had a chance to end gold manipulation, would you use it?
I can remember the days of 1999, when Bill Murphy and Chris Powell of GATA were serving every member of Congress with their evidence of gold-price manipulation by the top US bullion banks, by the Federal Reserve, and via the Treasury Department's Exchange Stabilization Fund. The result was a lot of raised eyebrows and some frantic paper shuffling - followed by a roaring, deafening silence.
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Saturday, May 31, 2008
Your Silver Holdings are they Paper or Real ? / Commodities / Gold & Silver
In 2001 I was asked to write the "Ten Rules of Silver Investing" for the investing rules book published in Great Britain in 2001. The complete title of this book is The Global-Investor Book of Investing Rules -- Invaluable Advice from 150 Master Investors . My portion is available for free to anyone on the Internet willing to sign up here . In this week's article, let us examine Silver Investing Rule Number Six.Read full article... Read full article...
Friday, May 30, 2008
Don't be Afraid, Buy Gold / Commodities / Gold & Silver
As the price of gold has taken some lumps since it crashed into the symbolically significant $1,000 per ounce mark back in March, those on Wall Street who had consistently underplayed its potential on its way up are now assuring its continued retreat. According to these gold market spectators, prices have risen solely as a result of financial panic, and now that the fear has apparently subsided, gold's gains will evaporate as well.Read full article... Read full article...
Friday, May 30, 2008
Gold Bugs Switching to Black Gold? / Commodities / Gold & Silver
I’m beginning to wonder if some of the gold bugs are starting to switch to the dark side (crude oil). Why? Well, gold and crude oil have been very closely correlated on many occasions – mostly due to the long-term dollar bear market. Except right now, amidst surging oil prices (seems like a new record everyday), gold prices are just muddling around with a downward tilt. You know the gold bugs can’t be happy watching things play out this way.Read full article... Read full article...
Thursday, May 29, 2008
Gold Slumps on Strong Dollar / Commodities / Gold & Silver
SPOT GOLD PRICES gave back an overnight rally early in London on Thursday, flirting with a two-week low beneath $890 per ounce as crude oil fell 0.6%, the US Dollar rose, and world stock markets continued to gain."There is not much speculative participation" in the Gold Market right now, according to one London fund manager.
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Thursday, May 29, 2008
Gold Screaming Bear Market Targetting $650- Yorba TV Show / Commodities / Gold & Silver
Here are the topics for todays television show on www.yorba.tv Thursday at 4:00 pm EDT.The first topic is the making of a head and shoulders pattern. Chart # 1 shows the price of gold for the past year. Let me point out an obvious level of resistance on the way up last fall. In early November, gold bounced up against resistance at 850 and fell back. On the second attempt, it cut through resistance, but fell back to retest it in January 2008.
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Thursday, May 29, 2008
Laws to Prevent 'Investment' Buying Oil, Gold and Silver?- Part1 / Commodities / Gold & Silver
The chairman of a Senate oversight committee, Joseph Lieberman, has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil. The chairman of the Senate Homeland Security and Government Affairs Committee said that the legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar.Read full article... Read full article...
Wednesday, May 28, 2008
Energy and Resources in High Demand / Commodities / Gold & Silver
There seems to be no stopping the high flying oil price as it leaps above $130, a price that seemed unlikely just last December. The growth in oil demand will continue to be driven by China and Asia , in spite of the U.S. economic slowdown.
In fact, according to the International Energy Agency, China, India , Russia and the Middle East will consume more crude than the U.S. , for the first time. Oil use worldwide will increase 2% this year because of the emerging markets. So with demand as robust as it is, any possible supply disruption will simply push oil up further.
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Wednesday, May 28, 2008
Gold Follows Crude Oil Slide / Commodities / Gold & Silver
THE PRICE OF PHYSICAL GOLD slumped another $18 at the London opening on Wednesday, falling to an eight-session low as crude oil slid yet again.European equity markets turned sharply higher for the first time in a week – gaining 1.5% in Paris – while bond prices fell on news of accelerating inflation in Germany , the Eurozone's largest single economy.
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Wednesday, May 28, 2008
Gold Technically Damaged / Commodities / Gold & Silver
Gold's sharp sell off yesterday (Gold closed at $907.40 down $18.60; Silver at $17.45 down 79 cents) has continued. Gold traded sideways in Asia before selling off again late in Asia and in early trading in Europe. Stock markets in Asia were mixed overnight but European markets have recovered from early losses and the FTSE is up nearly 0.5% in the session so far.Read full article... Read full article...
Wednesday, May 28, 2008
Gold Alternative Elliott Wave Counts / Commodities / Gold & Silver
“We've made no secret of viewing the current bullishness as a “sucker's rally” until proven otherwise, and will continue to seek verification for this view, with an open mind towards changing our outlook if dictated by price action. The current advance… could easily extend to the 5-week sma, at about $920. Strong resistance also exists at $955. Dollar strength seems technical and artificial, rather than based on strong fundamentals, but may yet last just long enough to provide the best gold buying opportunity in months.” ~ Precious Points: So Far So Good, May 17, 2008Read full article... Read full article...
Tuesday, May 27, 2008
Gold Dips as Crude Oil Gains / Commodities / Gold & Silver
SPOT GOLD PRICES ticked lower in early action on Tuesday, slipping just below the tight trading range seen on Monday, when London and New York – the center of world Gold Trading – were closed for public holidays.Crude oil meantime rose above $133 per barrel after militants hit key pipelines in Nigeria .
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Tuesday, May 27, 2008
Middle Eastern Gold Demand Surges in 1st Quarter / Commodities / Gold & Silver
With markets in the U.S. and UK closed yesterday for US Memorial Day and UK bank holiday, gold traded sideways in slow trade in Asia and Europe. Stock markets in Asia were positive overnight but European markets have come under pressure and the FTSE has given up its early morning gains to trade flat for the session so far.Read full article... Read full article...
Monday, May 26, 2008
Silver Coin Shortage Could Lead to Silver Price Spike / Commodities / Gold & Silver
Gold was up 3% last week and silver surged nearly 8% (more on silver below) and in normal circumstances profit taking would be expected in the early part of this week. But with oil remaining near record levels and inflation concerns increasing significantly, gold (and silver) may again surprise to the upside. Oil was up by 4.6% last week and is up another 1% today. Gold and silver will outperform oil in the coming weeks.Read full article... Read full article...
Monday, May 26, 2008
Sell Gold in May and Go Away? / Commodities / Gold & Silver
Gold is currently moving in volatile times and to me at least the debate on where it is going next looks increasingly polarized. While the hot money seems to have abandoned gold and silver to ride the crude oil bandwagon (which will certainly suffer the same drop soon), the old maxim "Sell in May and go away" seems to have been pinned to gold's lapel.Read full article... Read full article...
Sunday, May 25, 2008
Why Gold Will Get Whacked Again! / Commodities / Gold & Silver
Gold has recovered from its previous two “whacks” rather nicely this past week and the Friday before, but it will very likely be whacked again very soon, possibly as early as this coming Monday.Why?
Because gold is rising while the Dow/US stocks are in ultra-dangerous territory.
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