Category: Gold & Silver 2009
The analysis published under this category are as follows.
Thursday, December 17, 2009
Gold Price Meteoric Rise Cannot Be Stemmed by Central Bank Agreements / Commodities / Gold & Silver 2009
By: John_Browne
As the price of gold has pulled back from its recent run up to $1,200, many investors are left to ponder what exactly drives the movement of such an important and financially sensitive commodity.
Most people are aware that gold prices respond to inflation expectations and that central banks, as the largest holders of gold, are big players in the market. But there is a very murky understanding as to why and how these players affect prices, and what their ultimate goal may be.
Thursday, December 17, 2009
Chicken Little Nouriel Roubini Says Gold Apparently Has No Intrinsic Value? / Commodities / Gold & Silver 2009
By: Adrian_Ash
Gold has no value. Whereas the Dollar...?
NOURIEL ROUBINI was "one of the few to predict the financial crisis" reckons the Financial Times. Yet plenty of other chicken littles, amateur and professional, had long warned of trouble ahead, too.
Thursday, December 17, 2009
China's Strong Impact on Precious Metals, But Silver Yet to Bottom / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
In my previous essay, apart from commenting on the current situation and suggesting that gold did not reach a major bottom yet, I also examined the situation in China. I wrote the following:
Considering the high savings rate in China (mostly in the 30% - 40% area in the previous years), gold is a logical investment for the Chinese and it’s possible that billions of dollars in Chinese private investment could move into gold in coming years. Already there is talk of China overtaking India as the world’s largest consumer of gold.
Wednesday, December 16, 2009
Gold Bounces as Bernanke Makes Inflation Present and Dangerous / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose in Asian and early London trade on Wednesday, recovering one-fifth of the last fortnight's 10% drop vs. the Dollar and hitting one-week highs against the Euro ahead of today's interest-rate announcement from the US Federal Reserve.
The Fed statement, due at 14:15 EST (19:15 GMT), is not expected to signal any change to the US central bank's current zero-rate policy.
Wednesday, December 16, 2009
Gold Market Awaits FOMC U.S. Interest Rate Statement / Commodities / Gold & Silver 2009
By: GoldCore
Gold and silver were largely unchanged yesterday. Gold is currently trading $3 higher at $1,134/oz due to dollar weakness ahead of the FOMC meeting later. In euro and GBP terms gold is trading at €778/oz and £694/oz. Support for gold is currently seen at $1,113/oz and resistance at $1,149/oz. Read full article... Read full article...
Wednesday, December 16, 2009
Gold Price Crash, Deja Vu All Over Again / Commodities / Gold & Silver 2009
By: Bob_Clark
Gold seems to have found a resistance level. It could be the 1 year cycle high that was suspiciously absent when I wrote, article for M.O."Gold, a Cyclical Recipe for Disaster"
Tuesday, December 15, 2009
Gold Correction Targeting and Inter-market Dynamics / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
The following excerpt is a small sampling of this week’s full market wrap report, which covers all the major markets in detail, with the emphasis on gold and the precious metals. Before covering the pm sector, I’d like to discuss some inter-market dynamics that have contributed to the hot money flows recently affecting the markets.
Tuesday, December 15, 2009
Gold Near-Term Trend Analysis and Forecast / Commodities / Gold & Silver 2009
By: Jordan_Roy_Byrne
Can Gold hold the channel? What are we referring to? First, let us go back to the end of 2005. The chart shows how a parallel channel contained Gold’s move from 2001 to 2005. The first move above $500 reversed after hitting channel resistance. Yet, the market would immediately surge above the channel to $575. Then the market corrected for five weeks and two weeks later broke to a new high.
Tuesday, December 15, 2009
Gold Shares Buying Opportunity, Investors Back Up the Truck Now / Commodities / Gold & Silver 2009
By: Neil_Charnock
I have been warning you all for several weeks that a buying opportunity for gold shares was approaching during December and here it is. I want to take a near term look at this gold rally in this article. I do apologize that I missed my normal release of an article last week it was due to some rare and unscheduled time off with a tooth abscess.
Tuesday, December 15, 2009
Gold Gives Back Bounce Despite Risk of Government Debt Defaults / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD gave back yesterday's 1.4% rally on Tuesday morning in London, drifting down to Monday's start near $1113 an ounce as world stock markets slipped and the US Dollar rose on the currency market.
The Euro fell to a fresh 11-week low after the ZEW survey pegged economic sentiment across the 16-nation currency union at a four-month low.
Tuesday, December 15, 2009
Gold EUR 1,000/oz Likely on Eurozone Debt Concerns / Commodities / Gold & Silver 2009
By: GoldCore
Gold and silver rose yesterday but have experienced a pullback overnight (gold from $1,128.00/oz to $1,117.50/oz). Gold is currently trading at $1,118.00/oz and in euro and GBP terms, gold is trading at €768/oz and £688/oz respectively.
Read full article... Read full article...
Monday, December 14, 2009
Gold Bounces off Four Week Low / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD ticked higher from near 4-week lows at $1111 an ounce early Monday, recording the lowest London Gold Fix since Nov. 13th at $1120 as Asian stock markets ended the day flat but European shares rose despite poor data.
The government of Abu Dhabi surprised analysts by lending neighboring Dubai $10 billion today to help repay debts owed by its Nakheel real-estate group.
Monday, December 14, 2009
Gold Silver Ratio Means Silver Remains a Compelling Buy / Commodities / Gold & Silver 2009
By: GoldCore
Gold has been as high as $1,127.50/oz overnight on dollar weakness but has since given up the gains in late morning London trading as the dollar has recovered its earlier losses. Gold is currently trading at $1,116.50/oz and in euro and GBP terms, gold is trading at €763/oz and £688/oz respectively.
Monday, December 14, 2009
Gold Inflation Big Picture / Commodities / Gold & Silver 2009
By: Howard_Katz
Right now the financial markets are telling us a story which is so incredible, so fantastic and filled with such opportunities for profit that I am in awe. I can only remember two comparable opportunities in my lifetime, the bottom in gold at $35/oz. in the summer of 1970 and the bottom in stocks in the summer of 1982 at 780 DJI.
Monday, December 14, 2009
Gold More Downside Expected / Commodities / Gold & Silver 2009
By: Mark_Brown
Donald W. Pendergast writes: So, we’ve seen a substantial correction in the Gold market over the past couple of weeks, and that means that Gold is now ready to rocket higher to fresh highs, isn’t it? Probably not, at least not right away, and patient and wise traders/investors will want to wait a bit to see what Gold does as it interacts with any number of key support levels. Let’s take a closer look, hoping to ascertain when/where this current downdraft might expect to meet up with major support.
Sunday, December 13, 2009
Gold Long-term Performance Analysis / Commodities / Gold & Silver 2009
By: Richard_Shaw
How has gold performed in the 42 years since 1967 when it last traded at a fixed price of $35 in the US?
Let’s look at it versus the total return of the S&P 500, the total return of 1-yr T-Bills, West Texas Intermediate Crude and the Urban Consumers All Items Consumer Price Index?
Read full article... Read full article...
Sunday, December 13, 2009
Silver Rising Bearish Wedge Price Pattern / Commodities / Gold & Silver 2009
By: Clive_Maund
A bizarre anomaly of gold's recent strong runup was the unusually poor performance of silver, which normally outpaces gold noticably during the middle and later stages of an uptrend. It did not gain any serious traction and is already back below its September peak. The fact that it did not even manage to break out to new highs is taken as a non-confirmation of gold's move, as is the failure of the PM stock indices to make new highs, and is viewed as bearish for the sector over the intermediate-term, meaning the coming 2 to 6 months.
Read full article... Read full article...
Sunday, December 13, 2009
Gold Approaching Important Support and U.S. Dollar Bullish Wedge Pattern / Commodities / Gold & Silver 2009
By: Clive_Maund
The last update posted on the 29th November called a top in gold, which occurred just a few days later. This was actually quite easy to do given the overbought extreme that then existed and the fervour of bullishness spilling over into the mainstream financial media. Gold has since reacted back heavily and our task now is to decide whether this is just a reaction in an ongoing and possibly still accelerating uptrend, or whether it marks an intermediate top, or worse the onset of a full-blown bearmarket.
Sunday, December 13, 2009
Financial and Commodity Bubbles Everywhere? / Commodities / Gold & Silver 2009
By: Charles_Maley
The financial markets are generally unpredictable, so one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market – GEORGE SOROS
Saturday, December 12, 2009
Gold Correction, When Will it Bottom? / Commodities / Gold & Silver 2009
By: Merv_Burak
The rough period in gold is upon us. Now the question is for how long? I’ll let others answer that question. I’ll just follow the action wherever it takes me. For now that is the down side but it does look like a slight bottoming taking place.