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Wednesday, October 22, 2008

Loading Up on Silver Below $10 / Commodities / Gold & Silver

By: Money_and_Markets

Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.

I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.

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Wednesday, October 22, 2008

Gold, Stocks and Commodities Slump / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.

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Wednesday, October 22, 2008

Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver

By: Mark_OByrne

Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.

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Tuesday, October 21, 2008

Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver

By: The_Gold_Report

Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider.

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Tuesday, October 21, 2008

Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver

By: Mike_Paulenoff

Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal.

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Tuesday, October 21, 2008

Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver

By: Adrian_Ash

WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.

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Tuesday, October 21, 2008

Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver

By: Mark_OByrne

Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.

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Monday, October 20, 2008

Zinc Two Year Bear Market Coming to an End? / Commodities / Metals & Mining

By: John_Lee

Centuries before zinc was discovered in the metallic form, its ores were used for making brass and zinc compounds, its ores were used for healing wounds and sore eyes. It is believed that the Romans first made brass in the time of Augustus (20 B.C. - 14 A.D.). In the 13th century Marco Polo described the manufacture of zinc oxide in Persia. At Zawar, India, both zinc metal and zinc oxide were produced from the 12th to the 16th century. From India, zinc manufacturing moved to China in the 17th century where it developed as an industry to supply the needs of the brass industry.

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Monday, October 20, 2008

For Gold Investors Hope Springs Eternal  / Commodities / Gold & Silver

By: Captain_Hook

Picking things up from yesterday , the theme of today's message is the same, albeit it appears we may have witnessed a temporary bottom in equities with the significant reversals. Rising short sales and put / call ratios are accelerating, showing signs of capitulation, along with the larger equity complex being short-term oversold. So, when you add an exploding liquidity picture to the background combined with falling interest rates around the world – hey – who can argue – it appears a bounce is in order. Here's the sticking point however, as with the 1929 pattern , don't be surprised if lower lows are vexed in late October / early November, as the public may not get sufficiently bearish in the options market in order to keep a sufficient number of negative bets on until closer to election time.

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Monday, October 20, 2008

Silver Technicals Ripe for Explosive Rally / Commodities / Gold & Silver

By: Mike_Paulenoff

Needless to say, the iShares Silver ETF (AMEX: SLV) has been in the grasp of a vicious and relentless multi-month bear phase in the aftermath of a 7-month powerful advance from 11.00 to 20.73. In fact, spot silver prices have not been this low since Februay 2006 and have retraced all of the bull move from around $9 to $21.50. Compared to the weakness in gold, silver has crashed, losing 65% of its value versus 23% in gold. Clearly, the need to deleverage and to raise cash hit the silver market much more severely than it did the gold market, which cut in half the gold/silver ratio -- no reflecting 82+ ounces of silver needed to equal the value of 1 ounce of gold.

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Monday, October 20, 2008

Indian BSE Stock Market Crash and Lack of Gold Demand / Commodities / Gold & Silver

By: Alex_Wallenwein

Indians have not really become ‘anti-gold.' They are just undergoing a natural re-evaluation process. The global crisis makes the outcome rather predictable. It's lonely out in gold-land without Indians doing their traditional holiday buying. What's the deal? Why are they staying on the sidelines?

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Monday, October 20, 2008

Gold Slips as Stocks Rally / Commodities / Gold & Silver

By: Adrian_Ash

THE SPOT PRICE OF GOLD gave back two-thirds of a 3.4% rally early Monday, trading below $795 an ounce as Asian stock markets closed sharply higher and US Treasury bonds fell.

Crude oil pushed up to $74.50 per barrel, while soft commodities and base metals bounced hard – up more than 2.5% on average – following last week's collapse.

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Monday, October 20, 2008

China Should Buy All IMF Gold Says "Father of the Euro" / Commodities / Gold & Silver

By: Mark_OByrne

Gold has rallied 2.5% this morning after falling some 8% last week as the “dash for cash” and the deleveraging of the international financial system gathered pace. In the process gold gave up most of the gains of the last 5 weeks in just one week. Gold was trading at some $740/oz on September 11 th and subsequently surged to over $924/oz as Lehman Brothers collapsed and the global financial crisis deepened.

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Sunday, October 19, 2008

Silver Price Collapse Shows Silver is No Precious Metal / Commodities / Gold & Silver

By: Clive_Maund

Silver may be classed as a "Precious Metal" but it has certainly not received any special treatment these past few months, during which it has been sold down heavily along with most other commodities, in marked contrast to gold, which has held up well.

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Sunday, October 19, 2008

Stocks and Commodities Collapse Due to Threat of Deflation / Commodities / CRB Index

By: Clive_Maund

The reason why commodities and stocks have been collapsing is liquidity problems and the consequent threat of deflation, and the collapse has been made far worse as a result of the extreme leveraging that had earlier been employed in the markets, which has resulted in a destructive vicious circle as each downleg triggered a fresh wave of selling as stops and margin calls kicked in.

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Sunday, October 19, 2008

Gold Extremely Bearish Heading for New Lows / Commodities / Gold & Silver

By: Merv_Burak

It's been down hill all week with only Wednesday providing a minor bit of relief. It looks like we might be heading for new lows as early as this coming week. Never a dull moment.

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Saturday, October 18, 2008

Revisiting the HUI Gold Bugs Stock Index  / Commodities / Gold & Silver Stocks

By: Joseph_Russo

Proof is in the Pudding - Due to our intense focus on the major broad based equity indices, we discontinued coverage of the HUI more than a year ago. In going through some routine chart maintenance, we came across an old long-term chart of the HUI, left fully annotated, but unattended for more than a year.

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Friday, October 17, 2008

Silver Physical Delivery Delays- Open Letter to CTFC / Commodities / Gold & Silver

By: David_Morgan

To Mr. Bart Chilton, Commissioner, CFTC and Ms. Janet Troyke, Director Market Regulation, CME Group :

In full and proper disclosure, I would like to ask the CME/COMEX and CFTC the following question regarding monthly delivery of silver.

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Friday, October 17, 2008

Winter Heating Costs: What Can Consumers Expect? / Commodities / Energy Resources

By: Mike_Shedlock

We looked at food prices earlier today in Where Are Food Prices Headed?

With Winter right around the corner, there is likely to be some concern about heating bills. With that in mind, let's take a look at commodity prices to see what may be in store for the average consumer.

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Friday, October 17, 2008

A Great Time to Buy? / Commodities / Crude Oil

By: Mike_Stathis

Buy you ask? Yes. Not stocks, unless you're talking about oil. And unless you're the best of the best of traders you'll probably want to buy the oil trusts, but only if you believe in the peak oil story. Today? Not likely….at least wait until the next market crash, which appears to be coming any day now. And I highly doubt you're anywhere as good of a trader as you think.

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