Category: Gold and Silver 2010
The analysis published under this category are as follows.Thursday, April 08, 2010
CrimeX Gold “Bust” To Cause Gold Price Collapse? / Commodities / Gold and Silver 2010
If it is illegal to use gold as collateral then disregard the following.However I doubt this is illegal and in fact likely is encouraged.
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Thursday, April 08, 2010
Finding Safety in Gold and Silver / Commodities / Gold and Silver 2010
Traditionally, the bond market is where investors have gone for safety in their portfolios. Discovery Investing pioneer Dr. Michael Berry says that investors may need to look elsewhere. In this exclusive interview with The Gold Report, Michael says the bill for deficits and debt in the U.S. will be coming due soon and that bond investors may be in for a rough ride. Michael says precious metals could be part of the safety portion of investment portfolios.
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Wednesday, April 07, 2010
Is the Silver Rally Over? / Commodities / Gold and Silver 2010
In the previous essay, we've emphasized that gold is to move higher, and since it has just moved significantly higher, it seems that you may wonder what we think about the situation in its sister-metal - silver. However, before providing you with technical details, we would like to provide you with not-so-bullish views on China, and briefly comment on how it might affect the precious metals market.
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Wednesday, April 07, 2010
Premiums Play a Role in Indicating Silver Manipulation / Commodities / Gold and Silver 2010
Silver investors should remember to always pay attention to the per ounce premium they pay to receive physical metals. While premiums are important as a barometer of the actual silver you're obtaining per dollar, premiums also play a very important role in gauging current market manipulation.
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Wednesday, April 07, 2010
Gold and The Bong of Forced Risk / Commodities / Gold and Silver 2010
If you're queuing up for a lug on the bong of forced-risk, just take a moment before you inhale too deeply...
THE LONGER that interest rates stay below inflation, the more people will be forced to take more risk to defend what money they've got.
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Wednesday, April 07, 2010
Gold GLD ETF on the Move / Commodities / Gold and Silver 2010
The SPDR Gold Shares (NYSE: GLD) gapped up this morning, and prices have exploded to the upside, above the Jan-Apr resistance line at 111.50 and above that prior rally peak at 112.18 from March 3. Gold prices certainly had to be positively affected by traders' anticipation of a strong 10-year T-note auction. We discussed gold in detail last night in our member Webinar and our expected upside.
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Wednesday, April 07, 2010
Gold Second Half Launch To $1,400 Target / Commodities / Gold and Silver 2010
Isn’t the world an interesting place at present! When the historians look back and decide what to write on the history for this time period they might as well use the heading “it seemed like a good idea at the time”.
The Australian Central Bank (RBA) raised interest rates to 4.25% here yesterday. I was talking to an industry professional today about this and used the analogy that Australia could currently be likened to a car driving down a highway with two drivers. One (RBA) is applying the brakes and the other (Federal Government) is trying to accelerate and turning up the turbo boost.
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Wednesday, April 07, 2010
Gold Rises to New Record Euro High - Greek Debt Crisis is Canary in Coal Mine / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,138/oz in New York before falling back to close with a gain of 0.16% yesterday. It has since range traded from $1,134/oz to $1,138/oz in Asian trading this morning. Gold is currently trading at $1,135/oz and in euro and GBP terms, gold has risen and is trading at €852/oz (new record nominal highs) and £744/oz respectively. Support is at $1,120/oz and resistance is at $1,145/oz. Given the gathering momentum in the gold market - a close above $1145/oz could see us rise to $1160/oz quite quickly.Read full article... Read full article...
Wednesday, April 07, 2010
Gold Supported by "Zero-Rate Fed" & Bank of Japan, Hits New Euro Record / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in Dollars held just south of late Tuesday's 4-week high in London today, trading above $1135 an ounce as strong gains on Asian stock markets failed to carry over into Europe
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Wednesday, April 07, 2010
Two U.S. Dollar Signposts and Gold Silver Stealth Run / Commodities / Gold and Silver 2010
While the multitudes debate over whether an economic recovery is coming to the United States, signals sound loudly in harsh tones. While they point to the recent rise in the USDollar, signals sound loudly in harsh tones. Admittedly the signals are confusing, but they are important. The long-term bond yield for USTreasurys threatens the 4.0% mark. The crude oil price is close to threatening the $100 mark. Sleepy financial market anchors and mavens offer comment, but might miss altogether the significance of the signals. The signals clearly mean great strain on the credit markets still, and gradual decay of the major currencies led by the USDollar.
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Wednesday, April 07, 2010
GOLD Bugs Vs. Politicians/Analysts… Who pushes Greed/Fear More??? / Commodities / Gold and Silver 2010
Well again, if you made it past the headline, like so many of you claim the general public cannot do, without allowing yourself to be clouded with the very emotions that allow you to make irrational decision, which we all know ARE NOT GOOD for traders/investors… I applaud you.
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Tuesday, April 06, 2010
A Few Facts About Gold and Silver / Commodities / Gold and Silver 2010
Silver is apx. 1/3 of its 1980 cost (nominal prices, not inflation adjusted). Is there anything else on the planet you can think of that is currently 1/3 of its 1980 price? Oh, and do they have the following attributes?
Silver is an industrial metal and a monetary metal. 5,000 years of sound history as a measure of value and store of wealth, portable, fungible, divisible and unique.
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Tuesday, April 06, 2010
Gold in Elephant Country… / Commodities / Gold and Silver 2010
A 0.25% increase to India’s bank rate last Friday coincided with a major reversal in the currency markets. The rupee closed out the day even against the US$ which had reversed its recent slide and gained against most other currencies. Over the past year the rupee has strengthened steadily relative to the greenback, so Indians have seen about 10% chipped off the US$ based gains for global goods through that period. Still, the current INR/USD exchange rate of 45 is only a recovery of about half the losses INR suffered when relative to the USD as the ratio moved from a sub 40/1 rate in early 2008 to 51/1 low a year ago.
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Tuesday, April 06, 2010
Manipulating the Gold Price, The Truth is Finally Leaking Out / Commodities / Gold and Silver 2010
Nathan Lewis writes: We've had a string of amazing revelations recently regarding the world's precious metals market. This is important stuff for anyone (like me) who holds gold as a means to avoid currency turmoil and counterparty risk.
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Tuesday, April 06, 2010
The Silver Price Boom Is Coming! / Commodities / Gold and Silver 2010
Richard Daughty writes: Many people know me as just a guy referred to by the news media as “local hothead” or sometimes “extremist loudmouth doom-and-gloomer” or (my favorite) “looney toon” but to most people I am known as just a guy who never shuts up about the horrors of inflation in prices that is going to be caused by the inflation in the money supply by the Federal Reserve.
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Tuesday, April 06, 2010
Gold Hits New Euro Record, Beaten by Silver, as Precious Metals Signal "Global Recovery" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD bounced from last week's closing price against the US Dollar on Tuesday, rising as London dealers returned to work from the long Easter weekend and breaking new all-time highs against the Euro.
Asian and European stock markets also rose, as did the Dollar, which gained against everything except Australian currency after the Reserve Bank of Australia raised its key interest rate for the fifth time in six meetings.
Tuesday, April 06, 2010
Euro Gold Rises to New Record High on Renewed Greek Concerns / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,133/oz in New York before dropping slightly to close with a gain of 0.71% yesterday. It has since range traded from $1,124/oz to $1,130/oz in Asian trading this morning. Gold is currently trading at $1,125/oz and in euro and GBP terms, it is trading at €839/oz and £742/oz respectively. Gold priced in euros has risen to a new all-time high above €839 an ounce this morning due to renewed concerns about Greece's fiscal position (see News below).Read full article... Read full article...
Tuesday, April 06, 2010
Gold, There Is a Way to Beat JPMorgan at Their Game / Commodities / Gold and Silver 2010
The revelation at last week’s CFTC meeting that JPMorgan was the prime instigator behind the repeated ‘takedowns’ of the price of gold and silver came as no surprise to those of us who study the markets on a regular basis.
JPM inherited a large ‘short position’ when they took over Bear Stearns, and they turned this liability into an asset, using their short position to force prices down by adding to the position and then covering as much as they can, once they’ve brought the price down to their target.
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Tuesday, April 06, 2010
Gold Stands Its Ground / Commodities / Gold and Silver 2010
Gold prices continue to climb and John Licata, chief commodity strategist at Blue Phoenix Inc., says he sees reason to be optimistic about gold's future. In this exclusive interview with The Gold Report, John says that as inflationary pressures present themselves, gold prices will continue their upward move. He also sees silver, platinum and palladium as interesting plays for investors.
Tuesday, April 06, 2010
Gold Bullish Developments Could be Blown by Falling Channel / Commodities / Gold and Silver 2010
As discussed in these reports and elsewhere, all eyes have been focused on Greece's sovereign debt problems. As I have repeatedly said - this is but the tip of an iceberg of global proportions.
China's debt may reach 39.83 trillion Yuan ($5.8 trillion) next year. The International Monetary Fund estimates that China's debt-to-GDP ratio is 22%, which excludes local-government liabilities.
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