Category: Gold and Silver 2010
The analysis published under this category are as follows.Tuesday, April 06, 2010
Smoke and Mirrors Markets to Sponsor Gold and Precious Metals Mania / Commodities / Gold and Silver 2010
At the risk of getting what may appear to be even more bizarre in my current views on how the various markets we cover are about to unfold, in our current view moving forward (our intermediate to long-term view), which has changed (in the intermediate term) for reasons that will be discussed below, gold is preparing to make a move to new highs at the expense of bonds, and stocks will also continue to benefit from liquidity escaping debt markets in spite of rising interest rates. And while the bureaucracy (government, media, etc.) will bill this as recovery in the economy, with equities and interest rates rising in unison, it would of course be just the opposite, the result of hyperinflationary policy that tripled the US monetary base since the onset of the sub-prime (credit) crisis.
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Tuesday, April 06, 2010
Fiat Gold Implosion 2010, EverBank Deletes the (Now) Infamous Section 6.3.7.3 / Commodities / Gold and Silver 2010
Apparently, yours truly’s last post generated quite a ruckus subsequent to which EverBank has decided to delete the offending Section 6.3.7.3 in their Terms and Conditions for “Non-FDIC Insured Metals Select Accounts”, where it now simply says “RESERVED”.
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Monday, April 05, 2010
China Is Gold’s Future / Commodities / Gold and Silver 2010
The new report “Gold in the Year of the Tiger” from the World Gold Council (WGC) predicts that gold consumption in China could double in the coming decade as a result of rising demand for jewelry, hard-asset investments and industrial uses.
This forecast seems reasonable, and it lines up with what I’ve long been saying about the profound evolution in China’s economy – domestic consumption is replacing exports as the growth engine as more poor Chinese move up into the middle class and from there into the ranks of the wealthy.
Monday, April 05, 2010
Gold Ready To Roar / Commodities / Gold and Silver 2010
Well, it’s been a bad 5 months. Gold has mostly just gone back and forth, and gold bugs are wringing their hands in frustration. But this is the problem with using intuition in the markets. One intuitively remembers the recent past, and one forgets the larger picture. This is the big advantage of using charts. So let us look at a chart of this bull market going back to its start in early 2001 just slightly above $250.
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Sunday, April 04, 2010
Gold, Time to Get Excited Again? / Commodities / Gold and Silver 2010
Is it time to get all excited again? Not yet. Gold has had a couple of good days but has yet not breached any major resistance levels so the move may only be temporary within a basic lateral trend. Let’s wait for better validation of the up move.
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Sunday, April 04, 2010
Gold and USD Index Analysis Again Provides Key Trading Signals / Commodities / Gold and Silver 2010
In the March 26th commentary we wrote that given the historical significance of the RSI being at 70 and the fact that the USD Index has just touched the 50% retracement of the previous rally leads us to anticipate that the recent USD Index rally will stall out and retrace. In addition, a rally for PMs and PM stocks is looking more and more probable.
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Sunday, April 04, 2010
It's Rational to Expect the Irrational During This Gold Bull Market / Commodities / Gold and Silver 2010
I can promise you that the hard Gold bull crowd had to sit thru YEARS of irrational market behavior in the general stock market leading up to the 2000 peak in general stocks. While Gold stocks languished in the late 1990s, the NASDAQ bubble rose higher and higher. We are going to have the same thing during this secular Gold bull market. You should expect the price of Gold and Gold stocks to rise higher than justified by the fundamentals in the Gold market. We are a long way from this period but it will happen at some point. In fact, I think the party in the Gold patch is going to get started this year.
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Friday, April 02, 2010
Global Gold Index – Higher Again / Commodities / Gold and Silver 2010
The world's money has lost almost 75% of its value against gold in the last 10 years...
SAID IT BEFORE, but we'll say it again.
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Thursday, April 01, 2010
The Real Shape of Chinese Gold Demand / Commodities / Gold and Silver 2010
The respected World Gold Council has issued a report on the Chinese gold market. In it, WGC points out that, local Chinese consumers are well aware of gold's benefit as a store of value and that jewelry has always been regarded by Chinese buyers as an investment. Like Eastern demand in general, the Chinese want gold, not diluted gold, so at least 80% of total gold jewelry demand in China is accounted for by 24-carat gold.
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Thursday, April 01, 2010
Gold and Silver Long-term Buy Signals Triggered / Commodities / Gold and Silver 2010
I am placing gold and silver on official long term buy signals as of today. The commodities complex in general is breaking out across the board in spite of continued resilience in the US dollar and in general world markets are flashing an inflationary growth profile.Read full article... Read full article...
Thursday, April 01, 2010
The Next Phase of the Credit Crunch and What it Means for Gold and Markets / Commodities / Gold and Silver 2010
Lately we’ve been writing about the importance of the bond market. Want a hint if we will have hyperinflation? Follow the bond market. Japan and the US in the 1930s didn’t have hyperinflation because there were enough domestic savings to finance the expansion of the government. Rather than argue about inflation/deflation, people should be talking about the bond market.
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Thursday, April 01, 2010
Q1 2010 - Gold +1.5% and Silver +3.5% - Gold's Sixth Consecutive Quarterly Advance / Commodities / Gold and Silver 2010
Gold jumped to as high as $1,118/oz in New York on the surprisingly poor jobs number before dropping slightly to close with a gain of 0.86%. It has since risen from $1,112/oz to $1,118/oz in Asian trading this morning. Gold is currently trading at $1,117/oz and in euro and GBP terms, gold is trading at €827/oz and £734/oz respectively.
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Thursday, April 01, 2010
Gold & Silver Move Higher, "Deepen Consolidation" Ahead of Long Easter Weekend / Commodities / Gold and Silver 2010
THE PRICE OF GOLD rose to a two-week high vs. the Dollar on Thursday morning in London, gaining as the US currency also rose on the forex market and global equities pushed towards fresh 18-month highs.
US oil contracts also rose to their best level since Oct. 2008, breaking above $84.60 per barrel.
Thursday, April 01, 2010
Gold Bugs Digging for Illusive Evidence of Market Manipulation, What Isn’t Manipulated? / Commodities / Gold and Silver 2010
News that London trader, Andrew Maguire, has exposed manipulation in the precious metals market has been making the rounds over the last week. This rehashed story of precious metals manipulation, which is being ignored by the mainstream media, has quickly acquired ultra-conspiracy status because Mr. Maguire was not permitted to testify at the CFTC hearing, technical difficulties were encountered as soon as GATA’s Bill Murphy started to speak, and days after the hearing Mr. Maguire’s car was struck in a ‘bizarre’ hit and run. Yet for all of the excitement an objective take on Maguire’s revelations proves less than compelling. In other words, we all know the price of gold is manipulated in the same sense that currency prices, interest rates, mortgage rates, and even stock prices are indirectly and directly ‘manipulated’ by powerful interests -- and?...
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Thursday, April 01, 2010
Gold & Stock Market Indexes Melt Up Into Earnings? / Commodities / Gold and Silver 2010
Gold and the stock market continue to trade within a tight range this week. While the long term trend for both stocks and metals are up, and the charts look bullish I am not buying at this level because the market is over bought.
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Thursday, April 01, 2010
Gold, Investor Doubt And Uncertainty Are Commonplace / Commodities / Gold and Silver 2010
Most people seem to be confused these days. This not only applies to investors, but to everyday folks across the spectrum. People hear one thing, but they see another. Doubt and uncertainty are, therefore, fairly common.
This is not unusual. The times are uncertain. Unprecedented historical events are taking place. And even though many aren’t aware of the details, a majority of nearly 90% feel that the U.S. government is broken. They know things aren’t right, so this leads to confusion.
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Thursday, April 01, 2010
Paul Moase: Resources Comnpanies, Investing in People First / Commodities / Gold and Silver 2010
Do the past successes of resource company principals portend future successes as they migrate to other companies or projects? Investment Banker and Financial Advisor Paul Moase has been following the resource sector for 25 years. In this exclusive interview with The Gold Report, Paul discusses what he looks for first when selecting his potential investment opportunities.
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Wednesday, March 31, 2010
CTFC's Silver Involvement Grows Serious / Commodities / Gold and Silver 2010
For any long term purchaser of silver, there is no agency more important than the Commodity Futures Trading Commission, or the CTFC. The CTFC is charged with ensuring that the futures markets are trading fairly at all times and investigating manipulative trades and fraud within the trading system. Now more than ever, the CTFC is critically important in investigating banks like JP Morgan and their roles in manipulating market orders.
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Wednesday, March 31, 2010
Is The Stock Market Topping and What Does It Mean for Gold? / Commodities / Gold and Silver 2010
In our previous essay we explained the link between the USD Index, and the price of gold and commented on what how is the situation on the USD likely to influence the precious metals market. This week, we would like to comment on the second driver of the PM prices - the general stock market. Much has been written lately how overvalued are the main stock indices at the moment, and how bad it is for the PM sector.
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Wednesday, March 31, 2010
Wildly Bullish Scenario for Gold Stocks / Commodities / Gold and Silver 2010
In the article I wrote on March 22 ("When it Breaks, It's Going Somewhere in a Hurry"), I stated that there were two downside possibilities for the price of gold, with the bearish move to at least $950 being the most likely, and the move down to $650 being second most likely.
I also mentioned that there was a third possibility, and that the price of gold could move very rapidly to new highs somewhere around the $1325/oz level by the end of the year.
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