Category: Gold & Silver
The analysis published under this category are as follows.
Sunday, May 25, 2008
Gold Rallies Towards Resistance at $950 / Commodities / Gold & Silver
By: Merv_Burak
Despite a good week for gold, it seems to be laboring in its attempt to move higher. Silver, however, seems to be doing okay.
HOLIDAY SCHEDULE - The commentaries will be highly simplified over the next few weeks. Visiting relatives and stuff like that.
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Friday, May 23, 2008
Crude Oil Spikes Impact on Gold and Silver Price - Part 2 of 2 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Why Supply is Not Rising with Higher Prices?On the supply side, certain opaque realities are often overlooked and have to be faced clearly. Non-OPEC oil producers are unable to push up oil production as fast as incremental demand is expanding. Old oil fields are declining while new ones are not coming on stream fast enough. This situation will not change in the next few years, unless new oil fields are found.
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Friday, May 23, 2008
The Case for Gold Hitting $1300 / Commodities / Gold & Silver
By: John_Lee
In October 2007, when gold was USD 750/oz and a US Dollar fetched 7.5 Chinese Renminbi Yuan (RMB), I published an article titled “Gold and RMB – Last Shoe to Drop for the dollar” , in which I said:
For a US family that spends $300 to $500 a month on Chinese goods, a further 40% appreciation of the RMB will translate into a $100 to $200 monthly cost increase. The logic of asking the Chinese to revalue their currency upwards is no different from asking the Saudi's to jack up their oil price further, which is no logic at all for a US consumer.
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Friday, May 23, 2008
Silver Technicals Suggest Basing Patern Before Next Leg Up / Commodities / Gold & Silver
By: Zeal_LLC
I've never seen any other commodity generate such a fanatical following as silver. There are many investors and speculators interested in nothing but silver and its miners. There are financial newsletters focused solely on silver. This metal's ecosystem, birthed by a legendary superspike over 28 years ago, is totally unique.
With so much riding on silver for so many traders, emotions are amplified tremendously. If 10% of your portfolio is exposed to silver, and it doesn't live up to your expectations, you can shrug it off. But if 90% of your capital is deployed in the silver realm, and silver lets you down, it is devastating. This is made all the worse by the capricious and hyper-volatile nature of silver. It takes no prisoners.
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Friday, May 23, 2008
Gold Rallies as Crude Oil Bounces / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip of 0.7% early in London on Friday, nearing the US open above $926 per ounce as crude oil bounced from yesterday's sharp sell-off.The US Dollar held flat against the Euro after a surprise fall in the PMI index, which tracks the European economic outlook.
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Friday, May 23, 2008
China Gold Demand Surges as Chinese Investors Diversify / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down 1% ($ 9.50 to $9 18.10 ) but silver remained firm and closed marginally lower ( down $0.06 to $17.9 2 ) and profit taking on oil's weakness was seen by many as the primary cause of yesterday's sell off . Gold traded sideways in Asia but has rallied in early trade in Europe.With increasing doubts about the sustainability of the recent rebound of the dollar and of global stock markets, safe haven demand for gold is likely to reaccelerate in the coming weeks.
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Thursday, May 22, 2008
Gold and Silver Breakout on the Failure of US Brand of Capitalism / Commodities / Gold & Silver
By: Jim_Willie_CB
The gold and silver prices have broken out on the upside, not to register new highs but rather to emerge from a clear bullish wedge pattern in their daily charts. The stage is set for assaults on the 1000 gold high and the 21 silver high. Furthermore, and more boldly stated, the stage was set last January for tremendous moves in gold toward 2000 and silver toward 50 in the next 18 to 24 months, give or take. The crude oil price surged past 100. Next the gold price will surge through 1000, as in SURGE. The key commercial commodity is crude oil. The key financial commodity is gold (silver also). Unprecedented monetary inflation invites unprecedented reaction in the crude oil and precious metal prices, where justice still is enforced. This key cause and effect is sorely missed by slick Wall Street conmen and carnival barkers. They invest privately in secrecy, while they promote publicly with deception, fraud, and influence of public media networks. They invest in the energy futures markets, while talking about speculation as the blame factor. They have yet to read and absorb the Peak Oil phenomenon on billboards. Oil supply reliability and disruption is a key story behind crude oil prices right now, not speculation. Permit me a rant that rambles from one important topic to another, but does conclude with the gold & silver prices, charts, with breakouts evident, and targets claimed. Read full article... Read full article...
Wednesday, May 21, 2008
Silver Price Manipulation- Paper Silver Versus Real Silver / Commodities / Gold & Silver
By: David_Morgan
This week I must address the latest Commodity and Futures Trading Commission (CTFC) findings that, "The U.S. commodities regulatory body found no evidence that silver prices had been manipulated downward by short sellers after re-examining long-term and recent allegations of misconduct."
I was asked by Dow Jones to comment on the CFTC findings. The first point I stated was, "It is not possible to manipulate the trend in a market, but it is possible to "manage" the price within silver's uptrend." I went on to state that the price of silver can be managed, within certain boundaries, through short selling. I believe silver would be far higher if not for selling of "vast amounts" of silver that doesn't exist, or "naked shorts."
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Wednesday, May 21, 2008
Gold Market Shifts Focus to Real Global Inflation Rates / Commodities / Gold & Silver
By: Christopher_Laird
Gold is shifting focus to world inflation. There is widespread inflation near 10% or more across the world. The EU is escaping some of the worst of it, but still is likely looking at 4%. Inflation in China 10%, India 7.6%.The US has 8% inflation (according to ShadowStats.com based on the method of calculation before the Clinton era, and not that ridiculous 3% which is whitewashed data). The Mid East 10% plus.
Just like Richard Duncan said, in the seminal book The Dollar Crisis, excess USD reserves flowing to our trade partners is causing inflation in those countries, as they have to wash that money into their own currencies.
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Wednesday, May 21, 2008
Gold Firm on Inflation Investment Hedge / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION for physical delivery rose to a fresh one-month high early in London on Wednesday, breaking above $927 per ounce as crude oil topped $130 per barrel and the US Dollar fell yet again on the currency markets.Read full article... Read full article...
Wednesday, May 21, 2008
Silver Presents Huge Opportunities for Investors / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver continued to surge yesterday with gold up 1.6% and silver up over 4%. They have continued to rally in Asia and early trade in Europe. Gold has risen on the continuing oil surge with oil reaching new record highs (above $130) again this morning. There are fears of shortages and possible rationing in the next few years as the markets gradually and belatedly realize the reality that is peak oil. The FT reports that the fear of a global oil shortage within five years propelled oil futures prices to well above $130 a barrel, further stoking inflationary pressures in the global economy.
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Tuesday, May 20, 2008
Gold's Corrective Rally Continues / Commodities / Gold & Silver
By: Mike_Paulenoff
The rally off of the May 2 low at 83.06 in the streetTRACKS Gold Shares (NYSE: GLD) has recovered to 90.78 so far, and appears to have more in it that should propel prices towards 92.00/60 prior to completion. If that proves to be the case, then my work will argue that an "intervening" recovery rally ended, which separates two larger downlegs within an intermediate-term corrective process…which will point to another decline in the GLD that retests the May low at 83.06.Read full article... Read full article...
Tuesday, May 20, 2008
Gold Steadies Above $900 as Bond Market Igores Rising Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical Gold bullion moved sideways around $907 per ounce in London on Tuesday after what Mitsui Bussan in Hong Kong called "a sluggish morning session with early selling."The AM Fix in London rose 50¢ from Monday's afternoon price to $907 per ounce.
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Tuesday, May 20, 2008
Gold Firms on UN Warning of Global Stagflation / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver continued their recent move up yesterday prior to a slight sell off. They have traded sideways to slightly up in Asia and early trade in Europe. Since last Thursday gold had soared by more than 5% and thus profit taking was to be expected. Similarly year to date gold is up nearly 9% (unlike most equity markets) and in the last 12 months gold is up 37% and thus corrections are healthy and to be expected.Gold may need to consolidate between $885 and $915 before the next leg up in the bull market.
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Monday, May 19, 2008
Gold Seasonal Trend Analysis Points to Bargain Hunting Prices Ahead / Commodities / Gold & Silver
By: Michael_J_Kosares
One of the most intriguing patterns in the current bull market in gold has to do with the annual buying opportunity which crops up in the depths of the summer doldrums. As depicted in the graph below, the end of a 20-yr bear market in gold was marked in 1999, and this new bull market was birthed in 2001.
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Monday, May 19, 2008
Gold Prices Jump on Weakening US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION prices rose 1.2% in Asian and early London trade on Monday, reaching a four-week high on what analysts could only call "investment fund buying" in the absence of specific news or financial events.Nearing the US open above $912 per ounce, Gold rose as Far Eastern equity markets ended the day 0.5% higher on average.
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Monday, May 19, 2008
Gold Surges on Inflation Hedge and Safe haven Buying / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $20 to $898.40 on Friday and silver was up 28 cents to $16.90. Gold started the week with the rally continuing in Asia and has risen in early trading in Europe to over $910 per ounce.Oil has weakened slightly but the dollar has also weakened slightly and this likely contributed to gold's rally this morning.
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Sunday, May 18, 2008
Gold Suckers Rally? / Commodities / Gold & Silver
By: Joe_Nicholson
“B waves can extend considerably and even appear impulsive, and … short term traders may very well try to continue their luck on the long side this week. We seem to have completed the minimum requirements for a 3-wave correction, but as shown in the chart, may need to see the wave subdivide further as drama in the currency and credit markets plays out. ~ Precious Points: Fool's Gold, May 10, 2008Read full article... Read full article...
Sunday, May 18, 2008
Silver Major Uptrend Breakout Alert / Commodities / Gold & Silver
By: Clive_Maund
The technical condition of silver has continued to improve since the last bullish Silver Market update was posted a week ago. This is because it has held above the strong support in the $16 - $16.50 area, and by virtue of moving sideways during last week, it has broken out upside from the bullish Falling Wedge so that it is now in position to take off immediately, and is likely to, especially given that gold has started to lift off, rising strongly on Thursday on Friday.Read full article... Read full article...
Sunday, May 18, 2008
Gold Triggers Short-term Bullish Trend / Commodities / Gold & Silver
By: Merv_Burak
Friday looked like a break away but there is still some rough territory ahead to overcome. The $950/$960 area may be formidable.
GOLD : LONG TERM
The long term P&F chart is showing the direction of movement now on the up side but still some distance from reversing the P&F bear signal. That would need a move to the $960 level and then it would project only to the previous high for a mild move. My suspicions are that there will be more up and down volatility before any new reversal comes about. But time will tell, one should not be so set in one's view that one cannot change when the activity warrants.