Category: Gold & Silver
The analysis published under this category are as follows.
Thursday, May 01, 2008
If Investors Were Smart They'd be bidding up Gold and Silver Instead of Oil! / Commodities / Gold & Silver
By: Alex_Wallenwein
If traders and investors were smart, they would bid up the price of gold instead of oil. Likewise, if governments and central banks were smart, they would take the lid off the gold price and actively encourage investment in that most precious of all commodities.
Why?
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Wednesday, April 30, 2008
Gold Plunges Ahead of Fed Interest Rate Decision / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to slide early Wednesday, avoiding the collapse forecast by many analysts after dropping through $875 per ounce but reaching a series of fresh 3-month lows as the US Dollar rallied against the Euro, crude oil and the value of world stock markets."The previous low [of April 1st] has been taken out and the technicals now quickly point to $850," says today's Gold Market note from Mitsui, the precious metals dealer.
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Wednesday, April 30, 2008
Gold Breaks Below Technical Support Ahead of Fed Interest Rate Meeting / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $18.20 to $874.70 per ounce in trading in New York yesterday and silver was down 45 cents to $16.57 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $867.75 £440.77 and €557.72 (from $886.00, £447.50 and €569.23).Read full article... Read full article...
Tuesday, April 29, 2008
Invest in Silver or Silver Stocks? / Commodities / Gold & Silver
By: Bob_Kirtley
In May 2006 silver spiked at fifteen dollars and the HUI Index also spiked at 400, today we have silver trading at seventeen dollars, having been as high as twenty dollars, and the HUI Index stands at 406!
This raises the question of whether it is better to invest in the metal itself or to invest in silver stocks?
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Tuesday, April 29, 2008
Gold Follows Oil and Euro Lower Ahead of FOMC Meeting / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD fell back in Asian and early London trade on Tuesday, undoing Monday's 1.1% gain as crude oil fell, stock markets were mixed, and government bonds ticked higher after the worst two weeks for US Treasuries since 1982."Everybody is waiting for the Fed," notes Ronald Leung of Lee Cheong Gold Dealers in Hong Kong . "I think Gold has to stay above these levels before it can charge higher again.
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Monday, April 28, 2008
Gold and Commodities Ongoing Bull Market / Commodities / Gold & Silver
By: Aden_Forecast
The year is still young, yet it's seen many commodities soar. From the precious metals, to the base metals, like copper and tin, to raw materials, to energy, like oil and natural gas, to the soft commodities, like corn and wheat... the commodity bull market has been flexing its muscles.
In the first quarter alone, gold was up 10%, silver gained even more, near 17%, and copper surged 25%. This is in stark contrast to the stock market as the Dow Industrials lost 6% during this time.
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Monday, April 28, 2008
Not Enough Silver to Satisfy Portfolio Diversification? / Commodities / Gold & Silver
By: David_Morgan
In my article “Silver is too bulky,” we examined a hypothetical look at the average baby boomer placing ten percent of their net worth into the precious metals, split 50/50 gold and silver. At the time, silver was trading over $15 per troy ounce. Since publishing that article silver has traded over $21 and is now trading between $17 and $18.Read full article... Read full article...
Monday, April 28, 2008
Gold and China's Coming Flood of Wealth / Commodities / Gold & Silver
By: Julian_DW_Phillips
I have just returned from a 10-day trip to Southern China and Hong Kong. While I was there, I explored the Chinese attitude toward gold. If their demand for gold equaled that of other nation's average individual holdings, then we would see their demand well into four figures. I wanted to know if the Chinese would really move towards gold in their portfolios.Read full article... Read full article...
Monday, April 28, 2008
Gold Strengthens Ahead of US Fed Interest Rate Cut Decision / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD rose 0.9% during Asian and early London trade Monday, recovering Friday's drop as world equity and commodity indexes ticked some 0.5% higher.Rice and wheat futures rose, while Japanese bond yields continued to sell off after Friday's CPI report showed the highest rate of inflation in ten years.
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Monday, April 28, 2008
Gold's March Through $1000 Halted by Feds Creative Policy Towards Creating Liquidity / Commodities / Gold & Silver
By: Joe_Nicholson
“The rally in gold since December was almost entirely speculative, flight to quality and dollar hedging that will unwind very quickly when conditions change. If a reversal in the dollar has indeed begun, oil will move lower, but not as much as gold. Gold has now defined a clear range and taking any large positions while inside that range is no better than gambling. In the 900-955 area both counts are still valid, which suggests playing the break of the range in whichever direction.” ~ Precious Points: G.O.L.D. (Gold, Oil, Dollar, Libor ), April 20, 2008Read full article... Read full article...
Sunday, April 27, 2008
Gold Threatens Break of $870 to Trigger Long-term Bear Signal / Commodities / Gold & Silver
By: Merv_Burak
That was another week we could have done without. Gold and gold stocks seem to be sitting on top of support levels. This next week just might be a very interesting week as far as telling us if the downside continues or if we may see a rise.
GOLD : LONG TERM
The long term P&F chart, shown in these commentaries a few weeks back, has now come back to the $885 level, where it rallied from earlier. However, a further drop to $870 will break below its up trend line and two previous lows to give us a long term BEAR signal. Should that happen the previous projections would become operative with an initial move to $840 and then on to $660. This new move, should it occur, would provide a further projection to $600, so we have potential projections all over the place, and all of them would be P&F valid IF gold should drop to the $870 level (based upon the June 2008 futures contract). Sounds ominous but let's see what the normal charts and indicators are telling us.
Saturday, April 26, 2008
Silver and Gold at Critical Juncture / Commodities / Gold & Silver
By: Roland_Watson
First let me say the email response to my previous article "The Death of Gold?" was unanimous - everyone disagreed with me. Whether that is a contrarian sell signal I do not know. I hope to follow up that article but since I mainly write about silver, allow me a few comments on the silver situation. The chart below sums it up I think - we are at a critical juncture for silver. Indeed the situation is so precarious; a resolution either way may already be underway by the time you read this article. Read full article... Read full article...
Saturday, April 26, 2008
Gold and Silver Fall Out of Favor / Commodities / Gold & Silver
By: David_Morgan
It seems many once notable gold and silver bugs have abandoned the precious for what? In these uncertain financial times selling precious metals may look wise in the short term but what investment class is doing better? It appears the U.S. dollar is going to swim against the main downward forces and stage a counter trend rally through perhaps the summer and that may just be the opportunity that savvy precious metals investors are looking for to accumulate.Read full article... Read full article...
Friday, April 25, 2008
Should Gold Investors Worry on Dip Below $900 on Dollar Strength? / Commodities / Gold & Silver
By: Andy_Sutton
When in doubt….Fundamentals - There appears to be a need for reassurance right now. A three-day rally in the Dollar has sent Gold below $900/oz. and Silver below $17/oz. There are whispers of currency market intervention, gold market intervention and talk of a Dollar rally. Rest assured, any rally will be a countertrend rally, most likely brief, and mean almost nothing in the grand scheme of things. Ironically, history suggests that the Dollar will rally, based on the unavoidable fact that we are now in a recession. I believe that history will rhyme, but not repeat. The fundamentals to support a sustained Dollar rally simply are not there. Moreover at a fundamental level, nothing has changed. Let's review the major themes and check our scorecard. Read full article... Read full article...
Friday, April 25, 2008
Gold Falls to Test Strong Support at $875 / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $19.40 to $886.80 per ounce in trading in New York yesterday and silver was down 50 cents to $16.66 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $883.50, £446.51 and €566.38 (from $900.75 £455.85 and €572.09 yesterday).Read full article... Read full article...
Thursday, April 24, 2008
Gold Follows Euro Lower On German Economic Confidence Numbers / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD slipped to a fresh three-week low beneath $898 per ounce early Thursday in London , as a sharp bounce in the US Dollar forced a drop in equities, crude oil and the Euro.Short-term US Treasury bonds also capped their eight-day losing streak, however, pushing the two-year yield down to 2.20%.
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Thursday, April 24, 2008
Gold Falls to Support at $900 / Commodities / Gold & Silver
By: Mark_OByrne
Gold broke down from its range bound channel yesterday and quickly fell to support at $895-$900 as anticipated. Should gold fall below $900 we could again retest the support of the early April lows of $880. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce.Read full article... Read full article...
Wednesday, April 23, 2008
Gold Bull Market Drivers: Cheap Money, Rapid Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The two primary engines pushing the US Dollar down are extraordinarily low borrowing costs and extraordinarily high monetary growth. Money is very cheap to borrow, which encourages speculation for basic reason that many investments are rising in price. That covers the demand side for money. The money supply is growing out of control. It is hard to describe any modern day monetary event as like Weimar German times, but this is becoming close. The supply of new money is growing so fast that it is causing internal problems that are not fixable. Prices are rising broadly in the US Economy, since the nation imports everything. Too bad then nation cannot import leaders for government, the financial sector, economic counsel, regulatory bodies, debt rating agencies. While you are at it, import a free press network system.Read full article... Read full article...
Wednesday, April 23, 2008
Gold and Silver Bull Market Chart Bonanza! / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
In today's chart update I'm going to review the precious metals sector. First I would like to debunk some of the reasons given why the bull run in precious metals is over.
1) The Fed will be done cutting rates.
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Wednesday, April 23, 2008
Gold Continues Healthy Consolidation Before Next leg Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold remains in lockdown and is range bound in a narrow channel between $910 and $926. A close above or below this channel will likely see gold test support at $880 or challenge resistance at $950 (see Technical Analysis below). Gold was up $7.40 to $922.10 per ounce in trading in New York yesterday and silver was up 27 cents to $17.61 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $916.25, £ 459.50 and €573.95 (from $ 920.75, £464.21 and €576.98 yesterday).
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