Category: Gold & Silver
The analysis published under this category are as follows.
Sunday, May 18, 2008
The Gold Price Fuse has been Lit and the Rocket is Rising! / Commodities / Gold & Silver
By: Peter_Degraaf
Last week I wrote an article titled: “The Fuse Has Been Lit!” As a result of the article I received a number of E-mails from unbelievers.
It's amazing how many people out there still do not understand the basic bullish fundamentals of the gold market. Even a large number of analysts are providing their clients with erroneous advice, by telling them to ‘wait for a bottom'. Many of these clients could well be facing the problem of looking back ruefully at the bottom, long after it is in place.
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Sunday, May 18, 2008
Gold and GDX ETF Breaks Higher / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold prices and the Market Vectors Gold Miners ETF (AMEX: GDX) are higher this session in sympathy with the surge in energy prices. As of this moment, the price structure has broken above its prior rally peak at 46.68 on 5/09 as well as its March-May down trendline, which triggers upside follow-through to 48.00/30 next.Read full article... Read full article...
Saturday, May 17, 2008
Gold Pushes Higher on Massive Government Mortgage Backed Junk Bond Swaps / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION prices rose sharply in London on Friday, gaining 1.1% to reach a three-week high of $894 per ounce as European stock markets pushed higher and US Treasury bonds slipped.Crude oil regained more than 1.2% to trade above $125.60 per barrel.
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Thursday, May 15, 2008
Gold Correction Near its End on Converging Signals from Bonds and Currencies / Commodities / Gold & Silver
By: Jim_Willie_CB
The springtime corrections are really about done. They have gone on for a couple of months. The extent of the pullbacks have been tested and retested. The long-term trends are just about ready to asset themselves again. Grand deceptions have resumed to attempt to fool the public and the investment community that the worst is over for banks, housing, and mortgage bonds. That is not even remotely true. The deeply wounded banks, the sharply corrected home prices, and the badly damaged mortgage bonds have much more pain ahead. Nothing has been fixed. Many mortgage resets have yet to take place. The New Resolution Trust Corp to facilitate secondary mortgages, to bury dead mortgage bonds, and to renegotiate home loans is not even agreed upon, let alone installed. Its operation will be sometime in 2009 at the earliest. Read full article... Read full article...
Thursday, May 15, 2008
Gold Slips on Queationable Inflation Data / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $ 3.60 to $8 6 5.40 yesterday and silver was down 18 cents to $1 6. 55 . Gold traded flat in Asia and has risen marginally in early trading in Europe. While the dollar is down today, the dollar's short term bounce may continue and this could put further pressure on gold and result in further consolidation at these levels (the $850 to $890 range). But oil is up more than 0.5% again this morning to over $125 a barrel again and this should result in gold being well supported at these levels. Read full article... Read full article...
Thursday, May 15, 2008
Gold & Euros Bounce on Inflation Fears; Ex-Fed Volcker Warns of Return to 1970s Stagflation / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES turned higher alongside the Euro early Thursday, gaining 0.5% after strong economic data dashed short-term hopes of Eurozone rate cuts.That dented the US Dollar's recent rally and capped Western stock markets.
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Wednesday, May 14, 2008
Gold Bounces on Strong Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION fell at the opening in London on Wednesday, slipping to a 7-session low of $860.50 per ounce before bouncing almost 1.0% as New York opened for business and the US Dollar fell against the Euro.Wall Street stock futures pointed lower as crude oil dropped 41¢ per barrel to $125.31.
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Wednesday, May 14, 2008
Gold to Oil Price Ratio Says Gold is Cheap / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $13.90 to $8 69 yesterday and silver was down 43 cents to $16.73 . Gold traded flat in Asia and has fallen marginally in early trading in Europe. But with oil prices rising and inflation pressures increasing internationally, gold will be well supported at these levels. Momentum traders and short term speculative players continue to exert pressure on the gold market but continuing demand for physical bullion from those with a more medium to long term investment horizon, namely individual investors, pension funds, sovereign wealth funds and indeed central banks in Asia, Russia and elsewhere will ultimately lead to higher gold prices in the medium and long term.
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Tuesday, May 13, 2008
Gold Bounces as Stock Markets Fall on Horrific Data / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell to a three-session low early Tuesday, finally bouncing higher from $876 per ounce as European equities slipped alongside crude oil prices and government bonds.
Only base metals bucked the trend as the Dollar ticked higher on the currency markets.
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Tuesday, May 13, 2008
Gold Underpinned by Surging Inflation in UK, China and Internationally / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down 80 cents to $883.90 yesterday but silver was up 36 cents to $17.16. The London AM Gold Fix at 1030 GMT this morning was at $877.00, £450.18 and €566.61 (from $887.25, £453.91 and €573.60 yesterday).Read full article... Read full article...
Monday, May 12, 2008
Precious Metals Correction to End in May / Commodities / Gold & Silver
By: Captain_Hook
Neither A Borrower Nor A Lender Be - And most certainly, don't be a gold producer, as the deck is definitively stacked against you here too. We will get back to this subject in just a minute. But first, let's expand on that title, as it's a beauty given global monetary conditions appear to be progressing into a state of hyperinflation . Neither a borrower nor a lender be – is a line first penned by Shakespeare in reference to important lessons in life, which more recently has morphed into a forgotten mores rooted in lessons learned during hard times – or should I say ‘honest money times.' Honest money times – what the heck are ‘honest money times'? Such a terminology implies government and monetary authorities are attempting to pull a fast one in that they are issuing ‘dishonest money'. How can this be when foreigners accept our currency for manufactured ‘hard items', on top of the fact everybody has access to the information concerning currency debasement policies of the present day governing regime?Read full article... Read full article...
Monday, May 12, 2008
Gold Positive Fundementals as Western Economies Face Stagflation Threat / Commodities / Gold & Silver
By: Mark_OByrne
After last week's more than 3% gain in gold, gold surged to nearly $890.00 in early trading in Asia prior to succumbing to subsequent profit taking. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.91 and €573.60 (from $863.50, £434.64 and €556.74 on Friday).It is hard to see gold falling significantly this week unless there is a sharp fall in oil prices and strengthening of the dollar – both of which seem unlikely. However, gold has surprised to the downside in recent weeks and further consolidation may be needed prior to challenging $900 again. With oil remaining well bid above $125 and geopolitical risk in Nigeria, Lebanon and Iran still of importance, gold looks likely to be well bid at these levels.
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Monday, May 12, 2008
Gold Slips as Speculators Turn Bullish on the US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped $10 early in London on Monday, trading below $890 per ounce as world stock markets ticked higher and government bonds sold off.The Euro picked up 1.5¢ against the Dollar from last week's two-month beneath $1.5300.
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Monday, May 12, 2008
Silver Correction Over and Gearing Up for Explosive Rally / Commodities / Gold & Silver
By: Clive_Maund
Silver's corrective phase is believed to be complete, meaning that it is now in position to begin another major uptrend. In the last update, which was about 5 weeks ago, it was pointed out that silver was noticeably outperforming gold, and that this implied that if gold went on to drop to our target zone for its correction in the $830 - $850 area, silver might not react much further if at all, and this, as we now know, is exactly what has happened, for it has only dropped marginally below its late March lows, and has not broken below the zone of support that put a floor under it at that time - this is a sign of resilience. Read full article... Read full article...
Monday, May 12, 2008
Fool's Gold- Gold Sucker Rally? / Commodities / Gold & Silver
By: Joe_Nicholson
“If the rotation trade fizzles and such a rally in gold materializes, while it would tend to discredit an impulse down, it may trap many longs into thinking the larger correction is over, whereas the chart shows we've likely only reached an intermediate term bottom after reaching previous resistance and oversold levels in the RSI. While silver can easily drop into it's 200-day sma near $15.35, it's also reaching oversold levels and should be due for a relief rally soon, in which case resistance at $17 and at the broken trendline will be crucial.” ~ Precious Points: All That Glitters, May 03, 2008 Read full article... Read full article...
Sunday, May 11, 2008
Gold Correction Completing- Bull Market About to Resume / Commodities / Gold & Silver
By: Clive_Maund
Gold's corrective phase is believed to be complete, meaning that it is now in position to begin another major uptrend. In the last update, which was about 5 weeks ago, we were looking for it to continue to react back to support in the $830 - $850 area above its 200-day moving average, and that is exactly what it has done.
On the 1-year chart we can see how the fine strong uptrend from last August, which broke down into a 5-wave sequence, culminated in a brief sojourn above the psychologically important $1000 level, accompanied by great fanfare in the press, before a classic 3-wave correction back towards the 200-day moving average set in.
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Saturday, May 10, 2008
Gold Trend- What the Heck is Going On? / Commodities / Gold & Silver
By: Merv_Burak
This is a difficult time for a gold analyst, especially when one doesn't REALLY know what the heck's going on behind the scenes. However, one must go on with whatever little intelligence one has and still make broad pronouncements. Let's see what the charts are telling us.
GOLD : LONG TERM
Having declared a P&F long term bear market last week there is no reason for suddenly turning around. What rally there was this week did nothing to the long term P&F chart. So, the P&F bear market continues.
Friday, May 09, 2008
Gold Bullion Becoming a Valuable Backstop for Wealthy Investors / Commodities / Gold & Silver
By: Adrian_Ash
"...Why are wealthy investors swapping gold futures for physical metal that they own outright...?"
A LITTLE LESS than 12 months ago, the world's biggest financial players suddenly found they could not turn some $1.3 trillion of their assets into cash.
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Friday, May 09, 2008
Why the Gold Bull Market is Far From Over / Commodities / Gold & Silver
By: Julian_DW_Phillips
Some talk of the end of the credit crunch. Some say that the gold bull market has suffered severe damage, which will affect its long-term prospects. If we were to accept these statements then it would appear that the gold ‘bull' market is over. But are these statements acceptable and do they reflect the true picture underlying the gold [and silver] markets? To get the proper perspective let's stand back and look at the ‘big' picture.Read full article... Read full article...
Friday, May 09, 2008
Gold Rides Higher on Speculator Driven Crude Oil Surge / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high.The US Dollar slid against all major currencies barring the British Pound.
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