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Friday, September 26, 2008

Crunch Time for Gold Bulls / Commodities / Gold & Silver

By: Brian_Bloom

It's a lonely feeling being the only guy in the room on the other side of the table. But then, it's not about winning friends and influencing people. And it's not about being contrary for the sake of it. It's about ignoring all the emotional static in the room and focussing on the facts.

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Friday, September 26, 2008

WaMu Collapses, US Bailout Plan Stalls Favouring Gold / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF PHYSICAL GOLD reversed an early 1.1% dip on Friday, touching $890 per ounce as world stock markets fell almost one-tenth from the start of Sept. and investment funds fled back into government bonds after the US banking bail-out plan hit the buffers in Washington.

The US Dollar ticked lower on the currency markets. Crude oil slipped 2% to $105 per barrel.

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Friday, September 26, 2008

Bailout or No Bailout, Gold is Going a Lot Higher / Commodities / Gold & Silver

By: Mark_OByrne

Gold  and silver fell yesterday ( gold closed at $ 874.40  down $13.30  cents while silver  closed at $13.19 down 18  cents ) despite the wider markets becoming increasingly nervous regarding the possible US bailout .

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Thursday, September 25, 2008

How to Buy Silver by Taking Delivery of a Futures Contract / Commodities / Gold & Silver

By: David_Morgan

Precious Metals in the Physical Realm - This week I thought I would take a question and add some comments.

Dear David,

I wanted to get your thoughts on this response by Richard Russell. He makes an interesting point! We are already seeing trading physical precious metals in a market disrupted by shortages. (Name withheld upon request)

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Thursday, September 25, 2008

Paulson's Bailout Package Impact on Gold and US Dollar / Commodities / Gold & Silver

By: Julian_DW_Phillips

Global background on the gold and silver markets

• The U.S. $ rose from $1.60 to $1.39 to the € in the recent rally against the €, and is currently standing at $1.47. Most of the fall of the $ was seen as an effect of the Wall Street investment banks implosion that occurred at the end of last week. The Treasury Secretary of the U.S.A., Hank Paulson, has put together a package that is likely to be passed by the U.S. Congress by the end of this week. Paulson hopes that by buying $ 700+ billion in ‘toxic debt' from the Balance Sheets of the U.S. banking system and placing it on the shoulders of the U.S. Federal Reserve, they will remove the threat posed to the entire U.S. financial system. In the process, the Fed is exponentially increasing its own balance sheet to accommodate the move. Will this convince foreigners responsible for the exchange rate of the U.S. $?

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Thursday, September 25, 2008

The Return of the Gold Standard After 36 Years / Commodities / Gold & Silver

By: Professor_Emeritus

“Two legs bad, four legs good!”
There were two main direct assaults on the gold standard by the American government: the first on the watch of a Democratic president, Franklin D. Roosevelt, when the U.S. defaulted on its domestic gold obligations in 1933; the second on the watch of a Republican president, Richard Nixon, when the U.S. defaulted on its international gold obligations in 1971. In each case, the gold standard struck back.

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Thursday, September 25, 2008

Run on Hong Kong Bank, Gold Safe haven Status Reinforced / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF PHYSICAL GOLD BULLION bounced from its third drop to $880 in three days early Thursday, recording a London Fix of $889 per ounce as Asian stock markets closed lower for the 11th time in 17 sessions.

Crude oil slid 2% to $103 per barrel, while US Treasury bonds rose, pushing the annualized yield offered by 3-month notes down to 0.45%.

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Thursday, September 25, 2008

Gold Physical Demand Surges on Inflation and Systemic Risk / Commodities / Gold & Silver

By: Mark_OByrne

Gold was flat while silver rose yesterday ( gold closed at $ 887.70 up 90 cents while silver closed at $13.37 up 25 cents ) as gold continued to consolidate near eight week highs . The COMEX October gold contract expires later today and there are significant levels of open interest between $890 and $910 which may see bullion constrained until the contract expires whereupon we may see further moves to the upside. $950/oz remains a realistic target by the end of the month.

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Wednesday, September 24, 2008

Building Bullish Coil-Type Pattern for Gold / Commodities / Gold & Silver

By: Mike_Paulenoff

Since last Thursday's high, the SPDR Gold Shares (NYSE: GLD) has carved out a series of higher lows on pullbacks, juxtaposed against lower highs on rallies, which has carved out a coil-type of near-term pattern. To the extent that pullback low at 86.72 continues to contain any forthcoming weakness, the current coil parameters will remain intact and call for an approaching thrust to the upside that has the potential to propel the GLD to 92.50-93.00. However, a downside violation of 86.72 will morph the current coil pattern into some other form -- perhaps a coil with different (wider) coordinates? In any case, for the time being the "original" coil pattern remains intact and continues to govern my very near-term analysis.

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Wednesday, September 24, 2008

Mega Bailout Extremely Bullish for Gold / Commodities / Gold & Silver

By: Money_and_Markets

Sean Brodrick writes: Treasury Secretary Paulson and Congress are hammering out details of the government's rescue plan for financial institutions, and we don't know what final impact it will have on the debt crisis. But I can tell you one thing — it's going to drive gold prices higher.

In this plan, the government is squirting out hundreds of billions of dollars through a fire hose. That is inherently inflationary and should pump up the price of gold.

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Wednesday, September 24, 2008

Bailout Money Printing Signals Gold $1000+ / Commodities / Gold & Silver

By: Adrian_Ash

GLOBAL GOLD PRICES slipped early Wednesday, bouncing from an overnight low of $878 to record an AM Gold Fix in London some 0.4% below Tuesday morning.

Asian and European stock markets held flat, meantime, as did the US Dollar against its major competitors on the currency markets.

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Wednesday, September 24, 2008

Gold's Strongly Bullish Fundamentals / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver fell yesterday ( both by about 2% ) on profit taking before rallying again in after hours trading and then falling in Asia . Volatility remains at a fever pitch in all markets. Gold remains in a range between $850/oz and $910/oz and may need further consolidation at these levels prior to further gains.

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Tuesday, September 23, 2008

Gold Bull Market Trend Forecast / Commodities / Gold & Silver

By: Nadeem_Walayat

Leaving aside the historic credit crisis events of last week to approach the Gold market on a purely technical basis following the breakout above $850 last week. This article therefore is an update to my existing series of analysis of the last 6 months which has been consistently bearish of Gold (articles archive) during which time Gold has witnessed a decline from $1033 in March to $740 earlier this month.

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Tuesday, September 23, 2008

Nadeem: Personal Thoughts on Gold and a Gold Standard / Commodities / Gold & Silver

By: Brian_Bloom

Hi Nadeem,

I commend you for your courage and integrity in publishing that with which you disagree.  There are some editors of some web sites who haven't been behaving like you have.

Of course, you may be right that the gold price is positioning to explode upwards and I may be excessively conservative – but here is a chart of the US Dollar reproduced from an article by Clive Maund, for whom I have enormous respect as a technical analyst.

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Tuesday, September 23, 2008

Archer Daniels Midland to Lead Agricultural Commodities Higher? / Commodities / Agricultural Commodities

By: Mike_Paulenoff

Archer Daniels Midland Co. (NYSE: ADM) continues to act well -- as a proxy for an extremely oversold and battered agricultural commodity complex. Although the DBA (PowerShares DB Agricultural Commodity ETF) is pulling back today, ADM is doing the opposite. It has hurdled near-term resistance at 24.00/05, and followed through to 24.64 so far this morning. My next upside target is 25.30/50, on the way to 26.00. Only a decline that breaks and sustains beneath 23.90 will begin to compromise today's upside breakout, while a decline that breaks 23.40 will invalidate the breakout altogether.

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Tuesday, September 23, 2008

Peak Oil is Here Now / Commodities / Crude Oil

By: Submissions

The late A. M. Samsam Bakhtiari was quoted in MoneyWeek in 2006: “The fact of being in 'Post-Peak' will bring about explosive disruptions that we know little about and which are extremely difficult to foresee. And the shock waves from these explosions rippling throughout the financial and industrial infrastructure could have myriad unintended consequences for which we have no precedent and little experience. Thus, in the face of Peak Oil and its multiple consequences, which are bound to impact upon almost all aspects of our human standards of life, it seems imperative to get prepared to face all the inevitable shock waves resulting from that. Preparation should be carried out on individual, familial, societal, and national levels as soon as possible.”

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Tuesday, September 23, 2008

Gold Price Forecast to March 2009 / Commodities / Gold & Silver

By: INO

We are the government, we're here to help. I believe the only help the government gave us last week was pushing gold prices higher. During last week's massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future.

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Tuesday, September 23, 2008

A Dangerous and Deceptive Gold Market / Commodities / Gold & Silver

By: Brian_Bloom

For some months, this analyst has been urging readers to focus more on capital preservation than on capital growth. This is not as simple a concept as it seems.

For example, it is “obvious” – to those who have no faith in the US economy and/or the US Dollar – that gold is one place where the prudent investor should be invested.

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Tuesday, September 23, 2008

US Treasury Inflationary Bail-Out to Include Curb on Inflation-Hedge Investments / Commodities / Gold & Silver

By: Adrian_Ash

PHYSICAL GOLD BULLION PRICES slipped 2.1% early Tuesday from an overnight high of $910 per ounce, but the London Fix recorded its best level in seven weeks as Western stock markets tumbled yet again.

Crude oil retreated to $107 per barrel after the "front-month" contract moved onto November.

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Tuesday, September 23, 2008

Precious Metals Surge on Prospects of $1 Trillion US Budget Deficit / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver surged  again yesterday (up  5 % and  nearly 8 % respectively) as the  serious inflationary consequences of the Treasury's unprecedented plan to buy up at least $700 billion of toxic assets was realised.  Gold surged from $861.40  to close over $900/oz but has since given up some of its gains, likely on profit taking.

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