Category: Gold and Silver 2010
The analysis published under this category are as follows.Thursday, April 29, 2010
Gold and ‘The’ Parabolic Peak / Commodities / Gold and Silver 2010
Frequently we are told that gold will go to $2,000, $3,000 or more. We will not get into all of the arguments of attempting to arrive at a reasonable price based on supply/demand, inflation/deflation, etc. but rather to see if there is a pattern we can detect from reviewing some historical charts.
Sometimes we hear in the press that gold is in a bubble or has gone parabolic. What does all of this mean to investors and how do we make decisions based upon these statements?
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Thursday, April 29, 2010
Gold Strong On Eurozone Debt Crisis 'Canary in the Coalmine' as U.S. Deficits Soar / Commodities / Gold and Silver 2010
Gold finished at its highest level since early December and had its fourth consecutive day of gains Wednesday as a debt ratings downgrade for Spain and surging credit spreads created new fears of the eurozone sovereign debt crisis spreading and financial contagion. Gold for June delivery gained $9.60/oz, or 0.8%, to $1,171.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold remained near record nominal highs in pounds, euros and Swiss francs. Some of the gains were given up in Asian trade overnight prior to gold rising again in all currencies in early European trade this morning. The US dollar and British pound have fallen and this is seeing gold rise again today (see currency table below).Read full article... Read full article...
Thursday, April 29, 2010
Gold a Viable Alternative to Fiat Currencies, Despite Manipulation / Commodities / Gold and Silver 2010
One thing the Greek crisis has shown us is that gold is a viable alternative to currencies. In spite of all the manipulation by the US government and the consistent blatant attempts to suppress both gold and silver they come back time after time. Gold finished last week strongly, as did silver and this week they will have to hold off the onslaught of our elitists, as both gold and silver options expire simultaneously.
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Thursday, April 29, 2010
Spain is in Pain, U.S. Dollar and Gold Are Safe Havens / Commodities / Gold and Silver 2010
It’s been an interesting week with Spain being downgraded as Europe debt crisis widens. This has investors looking at the US dollar in a new light thinking that maybe it’s not that bad of an investment after all. This sent the US Dollar higher along with the price of gold so far this week.
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Thursday, April 29, 2010
Gold, Silver, Palladium, True Bull Market / Commodities / Gold and Silver 2010
"The injuries that befall us unexpectedly are less severe than those which are deliberately anticipated." ~ Marcus T. Cicero, 106-43 BC, Great Roman Orator, Politician
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Thursday, April 29, 2010
Greek Debt Downgraded to Junk Bond Status Hitting Stocks / Commodities / Gold and Silver 2010
Its been coming for some time now and today it arrived, the S&P has downgraded Greek debt to Junk and took Portugal down two notches to A minus. This news, although expected, hit the Euro and promptly sent the dollar and gold prices higher, nice to see them both going up together.
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Thursday, April 29, 2010
Gold, The Ultimate Currency Hedge / Commodities / Gold and Silver 2010
Nothing works like gold when you need to hedge against your own currency...
WEDNESDAY'S NEWS that, at last, Standard & Poor's has caught up with the bond market – and the steady trickle of fleeing bank deposits – by downgrading Spanish debt had a marked effect on the Euro.
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Wednesday, April 28, 2010
What Is Gold Actually Worth? / Commodities / Gold and Silver 2010
"If we have a robust gold price, we are going to have a robust junior-stock market," asserts Mickey Fulp, "The Mercenary Geologist." In this exclusive interview with The Gold Report, Mickey explains that gold evaluations may not be reflected in prices. You'll also learn that he is more bullish on a select group of companies rather than on the sector as a whole.
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Wednesday, April 28, 2010
10 For Gold Zero For The Dow / Commodities / Gold and Silver 2010
It seems that gold and the Dow have an agreement regarding the number 10. This number has acted like a “golden ratio” in that things really start to happen before or after the Dow/gold ratio breaches 10, either way.
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Wednesday, April 28, 2010
All Aboard the Gold Train as Recognition Move Approaches / Commodities / Gold and Silver 2010
Since early 2009 we’ve written about the super-bullish long-term cup and handle pattern in Gold. It dates back to 1980 and has a logarithmic target of about $2,100. We noted that previous cup and handle patterns in Gold all reached their logarithmic target1. We expect that this move to $2,100 will be the recognition move that awakens the masses to the Gold bull market and the reality of severe inflation in the near future.
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Wednesday, April 28, 2010
Gold Defies Surging Dollar as Debt Contagion Hits Euro / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in large, wholesale gold bars held near a 4-month high vs. the Dollar early in London on Wednesday, trading above $1162 an ounce even as the US currency hit a 12-month hit against the Euro on fresh political wrangling over the Greek government bail-out.
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Wednesday, April 28, 2010
Gold New Record Highs on Safe Haven Demand / Commodities / Gold and Silver 2010
Gold rose to its highest level in 2010 (highest since December 4th, 2009) and new record highs in euros, Swiss francs and British pounds as ratings downgrades of Portugal and Greece fanned sovereign risk and contagion fears. Gold dipped to $1,146/oz early in New York before rising sharply to $1,164/oz on the downgrade news. It then saw profit taking and closed with a gain of 0.7%.
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Wednesday, April 28, 2010
Digital Silver: Precious Components / Commodities / Gold and Silver 2010
The new electronic age couldn't be better for silver investors. As consumers swap out their cell phones every two years and Apple releases a new product meant to bridge the gap between cell phones and personal computers, silver has plenty of room to prosper.
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Wednesday, April 28, 2010
Gold Potential to Hit $2,000 to $3,000 Within 2 Years / Commodities / Gold and Silver 2010
This month’s jump up in precious metals, resources and oil reinforces that the lows in February were likely the lows for the downward correction.
For now, the second quarter is off to a good start. The fact that gold’s decline was mild (down 13½%) is saying that the underlying bull market is strong and solid. You should now have your positions bought and in place, waiting for the bull market to further unfold.
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Tuesday, April 27, 2010
Is the Plunging Euro Bullish or Bearish for Gold? / Commodities / Gold and Silver 2010
In our previous essay we've discussed i.a. the changes in the strenght of influence that the U.S. Dollar has on the price of gold and what it means to gold Investors / Traders. In the following essay, we will provide you with a follow-up on the analysis regarding U.S. Dollar, and then we will move to the gold market itself.
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Tuesday, April 27, 2010
Gold and Silver Firm Despite Rising Dollar as Greek Debt Contagion Spreads / Commodities / Gold and Silver 2010
THE PRICE OF GOLD slipped below $1150 an ounce on Tuesday morning in London's wholesale market, dropping 0.3% from Monday's finish as the US Dollar rose and world stock markets fell once again.
"Contagion" fears over Greek government debt continued "spreading quite rapidly to Portugal, Spain, Ireland and Italy," said one credit strategist.
Tuesday, April 27, 2010
Gold in British Pounds Near Record Highs on Hung Parliament and Budget Deficit Concerns / Commodities / Gold and Silver 2010
Gold dipped to $1,150/oz after lunch in New York before recovering to close with a gain of 0.03%. It has range traded from $1,150/oz to $1,157/oz in late Asian and European trading this morning. Gold is currently trading at $1,155/oz and in euro and GBP terms, at €865/oz and £749/oz respectively. Gold remains near record highs in euros and Swiss francs. Gold in sterling has rallied today by more 2% today as sterling has fallen on hung parliament and UK fiscal deficit concerns.
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Tuesday, April 27, 2010
Safe Storage for Gold and Precious Metals From an Expert’s point of view / Commodities / Gold and Silver 2010
I have heard many shows recently discuss the potential liability issues of various vaults, such as, whether or not there is actually the correct amount of precious metals in those vaults.
There have been precious metal storage facilities, precious metal dealers, or fund management companies on many internet shows discussing the concepts surrounding the recent worries of vault facilities not having the items or the precious metal program not securing the assets they are representing to their clients.
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Monday, April 26, 2010
the Post Office has effectively "gone postal", Choose Gold / Commodities / Gold and Silver 2010
Is it just me, or does anybody else now sense an ominous foreboding in the post element of the Post Office's name?
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Monday, April 26, 2010
Low Volatility Gold "Outperforms Stocks & Commodities" / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion hit fresh record highs vs. the Euro early on Monday, holding onto Friday's late gains for US investors as the single currency fell on the forex market.
World equities rose, as did commodities. Silver prices were little changed, remaining inside what bullion-bank Scotia Mocatta's technical analysts call "a two-month up channel.
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