Category: Gold and Silver 2010
The analysis published under this category are as follows.Wednesday, March 31, 2010
Gold Proxy for Buying China's Growth Story / Commodities / Gold and Silver 2010
Wanted to buy China's growth story but didn't know how...?
The WORLD GOLD COUNCIL'S excellent new 74-page report on Chinese gold demand – Gold in the Year of the Tiger – contains many graphics, tables and charts.
Wednesday, March 31, 2010
Gold GLD Surging / Commodities / Gold and Silver 2010
Yesterday we noted that if all of the action in the SPDR Gold Shares (GLD) from the 3/3 high at 112.18 into the 3/24 low at 106.24 (5.3%) represented a completed correction, then all of the action since the 3/24 low represents the start of a new upleg.
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Wednesday, March 31, 2010
Gold & Silver Rise as Dollar Falls / Commodities / Gold and Silver 2010
THE PRICE OF GOLD & SILVER bullion rose against a weakening US Dollar in London on Wednesday, ticking higher as Asian shares ended the day lower and European stock markets held flat.
"A close above $1097 today will give gold its sixth consecutive quarterly gain," says the daily note from Mitsui's London team.
Wednesday, March 31, 2010
Gold Set for Sixth Consecutive Quarterly Advance on Physical Demand / Commodities / Gold and Silver 2010
Gold fell to $1,101/oz in New York before recovering to close with a loss of 0.53%. It has since risen from $1,105/oz to $1,110/oz in Asian trading this morning. Gold is currently trading at $1,109/oz and in euro and GBP terms, gold is trading at €825/oz and £732/oz respectively. Gold looks set for a lower close for the month of March (some 1%) but a higher close for the quarter (see chart).Read full article... Read full article...
Tuesday, March 30, 2010
Gold Price Manipulation, Fact or Fantasy? / Commodities / Gold and Silver 2010
Amazingly enough...or maybe it's not so amazing, every time gold corrects we see the conspiracy theories flying thick and heavy. I've questioned these theories I don't know how many times and I have yet to receive a logical answer. Now that I think about it, I don't believe I've ever received any answer.
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Tuesday, March 30, 2010
How to Corner the Gold Market / Commodities / Gold and Silver 2010
First, let your greed overcome all regard for the stability of the global market, and overcome your aversion to illegal activities. Stay away from people like me, and fly under the radar, because I’d like to see you thrown in jail. Most Washington officials, regulators, and Wall Street managers are probably safe to hang around, especially if you cut them in for a piece of the action or give them vague promises of a future lucrative job.
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Tuesday, March 30, 2010
Gold Finds Strong Physical Demand Even as U.S. Dollar Rallies / Commodities / Gold and Silver 2010
THE PRICE OF GOLD gave back a 0.6% rise as New York trade began on Tuesday, slipping back to $1107 an ounce as world stock markets struggled near 18-month highs and the Dollar rose on the currency market.
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Tuesday, March 30, 2010
Gold Pendulum Swings Back Over $1,100 / Commodities / Gold and Silver 2010
Gold prices have bandied about quite a bit in the last two months while maintaining a relatively modest range of less than $90. The high point for gold in the last 60 days was $1,139.60 per ounce at the start of March and the low point was $1,052.25 in early February.
The current gold spot rate is virtually in the middle of this two month range at $1,109.60 per ounce. The lack of firm direction in gold is symbolic of a speculative environment in which investors are trying to put their collective finger on whether to take on riskier growth investments, or to stick to safe money investments like gold.
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Tuesday, March 30, 2010
Gold and “States Rights”…Bye, Bye! / Commodities / Gold and Silver 2010
Good Morning Americans! It’s Friday…somewhere.
What is the price of gold? Who cares? As long as those blue days of under 300 an ounce don’t return. Dear heaven forbid. I’ll never forget those days. Everyday you watched the gold price hoping it would at least climb over 280. And then one day it might hit 291 and you were ready to celebrate with a bottle of Champaign.
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Tuesday, March 30, 2010
Silver Surges as Copper, Crude Oil and Gold Rise / Commodities / Gold and Silver 2010
Gold went from as low as $1,106/oz up to $1,114/oz in US trading before closing with a gain of 0.53%. It has range traded from $1,109/oz to $1,113/oz in Asian trading this morning. Gold is currently trading at $1,110/oz and in euro and GBP terms, gold is trading at €824/oz and £738/oz respectively.
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Tuesday, March 30, 2010
Gold Is Not “Money” / Commodities / Gold and Silver 2010
Simply put, for now and likely later, gold is not and will not, be “Money”.I ask people to suspend their beleifs for a few minutes if they want to make it through this writing and to try not to stare at facts or numbers and scenarios and dismiss them on those beliefs.
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Tuesday, March 30, 2010
Why Gold Will Not Make New Highs or Lows This Year / Commodities / Gold and Silver 2010
Gold has had some dramatic moves in the last eighteen months and we expect it will have some equally dramatic moves in the future, but not right now.
While I recognize that gold is one of the few commodity markets that people are really passionate about; the purpose of this article is not to take sides either with the gold bugs or those who reject the argument that gold is forever. Rather, I want to discuss my interpretation of the markets cycle.
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Monday, March 29, 2010
Gold $5,000 Rapture, China Buys Gold! / Commodities / Gold and Silver 2010
Still waiting for that headline, plus the $5000 rapture it will bring...?
"CHINA BUYS GOLD" is the story that all commodity journalists want to break, and the headline that gold bugs the world over most want to read.
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Monday, March 29, 2010
Gold "Supported by Physical Buying" as Chinese Demand Forecast to Double / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE gold bullion ticked higher against the US Dollar on Monday morning, rising together with the Euro and most world stock markets after "Chinese buying emerged" according to one Hong Kong dealer.
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Monday, March 29, 2010
Gold Rises as Chinese Investment Demand to Double in "Exponential Growth" / Commodities / Gold and Silver 2010
Gold closed at $1104.45/oz Friday night with a gain of 1.09% on the day in dollar terms, but a loss of 0.27% on the week. Prices were volatile this morning in Asian trading as gold surged in price to $1,114.60/oz prior to falling to $1,103/oz. Gold then gradually recovered in Asian trade and European trade as the dollar weakened. Gold is currently trading at $1,112.00/oz and €824.18/oz & £741.28/oz in EUR and GBP terms respectively.Read full article... Read full article...
Monday, March 29, 2010
Socialized Medicine Impact on Gold Bugs / Politics / Gold and Silver 2010
The “passage” of the Obama “health care” proposal is a significant change in the political scene. Some of it directly affects our program as gold bugs. Some goes beyond this. But it all is one integrated whole, and it has to be understood if we are to make our way in this world.
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Sunday, March 28, 2010
Gold Bouncing Off Long-term Moving Averages / Commodities / Gold and Silver 2010
It was looking dicey there for a few days but the latest long term bull, which started in Oct of 2008, is still on going. Technically, gold is bouncing off its long term moving average line, otherwise, the sinking of a boat off North Korea helps get the jitters going.
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Friday, March 26, 2010
Class Warfare in the U.S. House Price Gold Ratio / Commodities / Gold and Silver 2010
Updating the big-picture charts of US housing priced in gold ounces...
HARD TO SAY what all the tax-payer cash thrown at US housing will do to home prices. Because at first glance, the $14 billion of aid (aka meddling) apportioned on Friday seems set to both inflate and depress prices.
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Friday, March 26, 2010
Gold's Performance Relative to The U.S. Dollar Provides Us with Invaluable Insight / Commodities / Gold and Silver 2010
In our previous commentary we analyzed the situation on the USD Index and since we have just seen it moving sharply higher, we believe you would appreciate an update. Once we cover the situation on the U.S. Dollar market, we will move to the implications it may have on the precious metals sector.
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Friday, March 26, 2010
Crude Oil Price Impact on Gold Price / Commodities / Gold and Silver 2010
For many years it was believed that the oil price had a direct impact on the gold price. Then the 'credit crunch' arrived, after the oil price had hit $145± before tumbling to $35 a barrel. Since then the oil price has been treated as irrelevant to the gold price. We at Gold Forecaster believe it only had an indirect influence on the gold price in the first place.
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