Category: Gold and Silver 2010
The analysis published under this category are as follows.Saturday, September 18, 2010
It's Silver Season! / Commodities / Gold and Silver 2010
Back to school for some, the days before hunting seasons for others, but for silver investors, this time of the year is nothing more than silver season – the time when silver skyrockets to finish out the year.
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Saturday, September 18, 2010
Swapping Gold for Silver Has Historical Merit / Commodities / Gold and Silver 2010
Precious metals investors are very much in tune to the silver to gold ratio. The ratio, which commonly trends between 20:1 to as high as 70:1, should be used as a guide to determine which precious metals will rally and when. Today, silver is at the top of the silver to gold ratio at just over 62:1, so according to history, those who swap their gold today will see higher appreciation in silver in the months and years that follow.
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Saturday, September 18, 2010
Play Silver, but Don't Get "Stuck" / Commodities / Gold and Silver 2010
What's up these days with Silver Guru David Morgan? In this exclusive interview with The Gold Report, David talks about his silver obsession and his newsletter, The Morgan Report. He also imparts some investment wisdom: "The simple fact is I'm not a pig. Bulls make money, bears make money—and pigs get stuck. I'm not going to get stuck and neither are you, if you follow what I'm doing." David also discusses some of his "nonstick" silver holdings.
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Saturday, September 18, 2010
Gold's Rally Breakout or Fakeout? / Commodities / Gold and Silver 2010
Many commodity traders are familiar with the question of whether a stock or commodity has broken out for “real” or not. In other words, when making a new high for the first time, many speculators are unsure if the trend will continue.
Gold touched record highs this week and silver is also moving very close to record highs. Gold’s breakout above the $1,250 an ounce level moves it into new territory, making the move very bullish.
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Saturday, September 18, 2010
Congressional Memorandum On Hoarding Gold / Commodities / Gold and Silver 2010
Let me be upfront: I hate gold (and silver). Hoarding isn’t beneficial to anyone. Yet my faith has been put in 5 G’s: G(religious edit)d, Gold, Guns & Grub. Having absolute faith in the 5th G - (the Government will continue to screw it up) is why I can have faith in the other four. Today I stumbled upon a colossal moron whose website clearly underscores the 5th G.
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Friday, September 17, 2010
It’s Not Too Late To Buy Gold! / Commodities / Gold and Silver 2010
Gold is at a new record high, and there’s a lot of talk about it being time to take profits, to expect a serious decline, in fact the end of its 10-year bull market.
Gold is up 16% so far this year. If it ends up for the year it will be its 10th straight year of gains, and the longest bull market for gold since 1920. So yes, by that measurement gold’s bull market is aged.
Friday, September 17, 2010
Will Silver De-couple From Gold? / Commodities / Gold and Silver 2010
For the last few years silver has moved in relative tandem with the gold price up to now. We called it the 'long shadow of gold' because it would rise further and fall further than gold, but they did move together. Occasionally silver did pause as gold rose but the 'shunt' effect [when a train pulls forward with a line of carriages in tow and each jumps forward as their links tighten] kicked in and it jerked forward to catch up with gold's moves. Many investors keep their eyes focused on the Gold: Silver Ratio [one ounce of gold buys x number of ounces of silver] and trade it regularly. Right now that ratio is at 1: 60. However, by coupling we also mean will they continue to act and react together on a daily basis, apart from price differentials.
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Friday, September 17, 2010
Gold All About the U.S. Dollar? / Commodities / Gold and Silver 2010
The race to debase only looks set to raise gold's global appeal still further...
GOLD is suddenly all about the Dollar again. Or so you might think.
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Friday, September 17, 2010
Gold's "Z-Score" Defies George Soros' "Bubble" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD broke new Dollar records for the third time this week in London trade Friday morning, peaking above $1282 per ounce as world stock markets extended their 2% gains from Monday.
Major-economy government bonds also rose, pushing interest rates lower as new German and US data showed inflation stalling on the official measures in August, while crude oil recovered above $75 per barrel.
Friday, September 17, 2010
Gold Makes Successive New All Time Highs Despite Continuing Public Apathy / Commodities / Gold and Silver 2010
Gold and silver are higher again this morning with gold hitting new record nominal highs and silver having risen sharply to $20.995/oz which is a new multi-month high. A close above $21/oz will be important technically and a close above $21.24/oz would be very bullish technically with long term chart analysts looking at the 1980 record high (just below $50/oz) and the silver's record quarterly high close of $32.20/oz as the next levels of technical resistance.
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Friday, September 17, 2010
Gold Price in All Major Currencies / Commodities / Gold and Silver 2010
A common flaw that we see the average investor make is to follow their investments measured in foreign currencies and at the same time forget to calculate their local exchange rate on those investments. This is a HUGE mistake as the fluctuation of an investor’s home currency has a massive impact on their returns.
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Friday, September 17, 2010
How High Can Gold Go During the Current Upleg? / Commodities / Gold and Silver 2010
Gold fever is converting an increasing number of mainstream investors into gold bugs. Newbies who were fortunate enough to buy gold at any point during this year are no doubt celebrating their gains. And many are looking to take profits now that gold has made another record (nominal) high at $1,279. After all, the gold price has enjoyed an advance of nearly $100 during the past month and we are probably facing some profit taking and correction, right?
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Friday, September 17, 2010
Government vs. Gold / Commodities / Gold and Silver 2010
Some recent headlines look ominous...
"Healthcare bill reveals hidden tax for precious metals transactions"
"Congress starts hearings on gold"
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Thursday, September 16, 2010
Gold Trading Volume Jumps, Signals More Upside or Warning? / Commodities / Gold and Silver 2010
Gold prices are rising from the long-term perspective and it’s no wonder. Central banks that had one time liked nothing better than to get rid of their gold reserves, are amassing major gold positions. The International Monetary Fund said last week that it sold 10 metric tons of gold to the central bank of Bangladesh raising $403 million. The IMF has already sold 212 tons of gold to the Reserve Bank of India, the Bank of Mauritius and the central bank of Sri Lanka, all in November last year.
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Thursday, September 16, 2010
Gold Hits New USD Record, Silver Breaks 3-Decade Top in Euros / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped once again for Dollar investors on Thursday, hitting fresh record highs at $1278 an ounce as world stock markets slipped – and government bonds rose – ahead of key US inflation data.
"This is a period of great uncertainty, so nothing is safe," said hedge-fund legend George Soros in an interview with Reuters late Wednesday.
Thursday, September 16, 2010
Gold New Record High, Just 2% Below $1,300/oz / Commodities / Gold and Silver 2010
Gold and silver have risen to new record highs and new multiyear highs respectively as investors are becoming increasingly concerned about the health of the eurozone financial system and the fragility of the recent economic recovery. Both are higher against all major currencies this morning (see Cross Currency Table) as the precious metals' safe haven credentials are being increasingly respected. Stocks have fallen for a third day in Europe, and US futures declined as an unexpected drop in UK retail sales revived concerns that the economic recovery is stalling.
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Thursday, September 16, 2010
Soros: Nothing Is Very Safe, Including Gold / Commodities / Gold and Silver 2010
Spot gold Tuesday hit a record $1,274.75 an ounce,drifted lower on Wednesday as the dollar surged 3% against the yen when Japan intervened in the currency market for the first time in six years. The yellow metal quickly found support at just below $1,270 an ounce, still near its record high.
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Thursday, September 16, 2010
Gold Price Breakout, The Ominous Silent Canary / Commodities / Gold and Silver 2010
Alan Greenspan had full knowledge of his betrayal to the principles of sound money. He wrote early in his career about the only legitimate basis for a monetary system, namely Gold. His published works from four decades ago read like an indictment against his career for monetary crimes against the nation. His accommodation, giving the financial sector what they wanted, betrayed his mindset. He knew the nation courted disaster with a long delayed fuse. His quote is being circulated frequently and broadly lately, "Gold is the canary in the financial coal mine." Exactly, precisely, perfectly. Greenspan proved to be a great handler of the politicians, offering them obfuscation of the most erudite variety. They were so confused by his drivel to be immensely impressed.
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Thursday, September 16, 2010
Gold Forecast to Hit $1600 This Year / Commodities / Gold and Silver 2010
International Forecaster Editor Bob Chapman believes the world is headed for a single governing structure where gold and silver are commonly traded currencies. In this exclusive interview with The Gold Report, Bob tells you why he thinks gold could still hit $1,600 this year despite the government's efforts to smother the gold price. He also offers a handful of equities he believes are worthwhile investments in such a price environment.
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Wednesday, September 15, 2010
Gold Finds Support After "Soros Swoon" / Commodities / Gold and Silver 2010
Earlier today gold and the SPDR Gold Shares (NYSE: GLD) hit a bit of an air pocket which I suspect should be attributed to the comments by hedge fund legend George Soros about gold being the "ultimate bubble." That aside, let's notice that the "Soros Swoon" managed to find support at an important near-term point-and-figure breakout plateau at 123.40 in the GLD.
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