Category: Gold and Silver 2010
The analysis published under this category are as follows.Friday, June 18, 2010
GLD, GDX and GDXJ True Strength Index Momentum / Commodities / Gold and Silver 2010
The True Strength Index is a low lag-time momentum indicator that can be used at www.FreeStockCharts.com. Generally, it is bullish when the indicator is above ZERO and bearish when it is below ZERO. As the indicator is very sensitive and responsive to movements of price, it can be effectively interpreted for buy and sell decisions.
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Friday, June 18, 2010
Gold and Silver, Precious Metals Summer Seasonal Doldrums / Commodities / Gold and Silver 2010
Over the past month or so, precious-metals stocks’ performance has been frustrating. Even though gold looks great, lazily meandering over $1200 without a care in the world, the PM stocks have drifted sideways to lower. Unfortunately such behavior is typical in the dreaded PM summer doldrums.
These doldrums exist because strong seasonal forces affect gold demand. While gold’s newly-mined supply flows to the markets at an essentially constant rate throughout the year, this metal experiences wild fluctuations in demand. And unfortunately none of the usual demand spurts coincide with summer.
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Friday, June 18, 2010
Gold Jumps to New Dollar High as T-Bonds Pose Risk to Asian Central Banks / Commodities / Gold and Silver 2010
THE PRICE OF GOLD jumped to new record highs for Dollar investors on Friday morning, peeping through the "resistance" identified by several bank analysts at last week's peak of $1254 an ounce.
European stock markets held flat but emerging Asia ended the week 3.6% higher – the best showing of 2010 so far.
Thursday, June 17, 2010
Gold and Silver Rise as Dollar Falls / Commodities / Gold and Silver 2010
THE PRICE OF both gold and silver jumped against the Dollar on Thursday, rising as world stock markets gained and the US currency dropped to a 3-week low against the Euro.
Gold gained 1.4% from Wednesday's low to hit a 7-session high at $1245 an ounce.
Wednesday, June 16, 2010
Silver, Is Now a Good Time to Buy? / Commodities / Gold and Silver 2010
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report : Silver has been sizzling and causing lots of buzz in the industry. Investors are excited.
Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low.
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Wednesday, June 16, 2010
Pricing Deflation in Aussies Per Gold Oz / Commodities / Gold and Silver 2010
Unlike the Australian Dollar, gold pays less interest than even the US Dollar or Japanese Yen...
IF GROWING INFLATION is our future, then a likely-looking bolt-hole for retained capital must be the Australian Dollar.
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Wednesday, June 16, 2010
Gold, Soveriegn Risk and Austrailian Super Tax Redesign / Commodities / Gold and Silver 2010
Europe is not “all better” by a long shot and the net result will be more turmoil and attraction to gold as a safe haven investment. Volatility is the other most important trend this year as we ebb and flow between risk aversion and risk appetite. Each new “revelation” about German and French bank US$958B, or total European bank US$1.6T exposure to the PIGS of Europe will bring on the volatility. UK has exposed themselves to US$370B in loans to just Spain and Ireland.
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Wednesday, June 16, 2010
What If the U.S. Dollar Crashes Overnight? / Commodities / Gold and Silver 2010
One of the questions that we've received last week was about the possible non-confirmation between gold at new highs and both silver and stocks lagging well beneath their old highs. The question is if such a non-confirmation becomes a source of worry at some point, since these three sectors traditionally move together.
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Wednesday, June 16, 2010
Gold Bullish as Correlations Normalize, Analysts Expect More Upside in Silver / Commodities / Gold and Silver 2010
THE PRICE OF GOLD eased back from an early 1-week high vs. the Dollar on Wednesday, trading 0.8% higher from yesterday's London Gold Fix as a rise in Japanese equities failed to spur European stock markets.
Euro investors wanting to buy gold saw the price rise further as the single currency dropped, trading more than 1.9% above Monday's low at €32,400 per kilo.
Wednesday, June 16, 2010
Gold Consolidates in All Currencies While Silver Breaks Out / Commodities / Gold and Silver 2010
Gold added 1.1 percent yesterday, the most in a week and is up marginally today and trading within 1.3 percent of its record nominal high of last week. Gold appears to be consolidating above $1,200/oz and a this may be the pause that refreshes prior to new record highs. Gold has also risen in other currencies and is back above €1,000/oz as concerns about sovereign debt issues and economic growth in the eurozone continue.
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Tuesday, June 15, 2010
Recent Volatility in Gold Silver and Metals is Nothing to Fear / Commodities / Gold and Silver 2010
Recently, the metals markets have become far more volatile, often rising and falling upwards of three to four percentage points in just one day. That volatility, however, is nothing you should fear. In fact, it’s mostly due to the extreme attention being paid to the metals markets.
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Tuesday, June 15, 2010
Private Currencies Give Metals Investors Hope / Commodities / Gold and Silver 2010
Metals investors enter the business for usually one reason: to protect their money against inflation. Obviously this wouldn't be a goal if currencies weren't generally inflated into oblivion, or if the history of the fiat currency could give investors any hope that inflation wouldn't happen.
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Tuesday, June 15, 2010
End Game, Gold Investors Will be Destroyed / Commodities / Gold and Silver 2010
Trail of tears and broken dreams (delusions) lies ahead...
Gold will go very high in fiat value, that is not the problem.
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Tuesday, June 15, 2010
Growing Bullish Psychology for Gold GLD ETF / Commodities / Gold and Silver 2010
Gold and the SPDR Gold Trust (NYSE: GLD) act very well today, in sympathy with the upward pressure on the stock indices, as well as because the dollar is considerably weaker.
I cannot help but think that also playing into today's mix is the WSJ article about the Fed reviewing its options if the economy weakens "again." From a gold bug's perspective, I have to think that the prospect of ZERO or NEGATIVE interest rates for an indefinite time period, coupled with THE DESIRE by the world's institutions to "create inflationary expectations" in a grand effort to avert a deflationary spiral, have to be underpinning a growing bullish psychology for gold.
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Tuesday, June 15, 2010
Gold Holds Below €1000 But "Risk Trade" Revived by Greek Downgrade, Spanish Bank Warning / Commodities / Gold and Silver 2010
THE PRICE OF WHOLESALE BULLION for Dollar investor wanting to buy gold early Tuesday edged up to $1226 an ounce as stocks, commodities and currencies were also little changed.
Asian stock markets ended the day flat. European equities crept higher as the Euro ticked towards Monday's two-week high just below $1.23.
Tuesday, June 15, 2010
Gold Trades in Tight Range as Silver Outperforms / Commodities / Gold and Silver 2010
Gold fell $5.40 in US trading yesterday to close at $1,222.70/oz and fell to €999.00/oz as the euro strengthened against the dollar. Gold has traded in a very tight range between $1,220/oz and $1,225/oz in Asian and early European trading. Silver rose yesterday and has is outperforming gold again today.
Gold is currently trading at $1,222/oz and in euro, GBP, CHF, and JPY terms, trading at €997/oz, £827/oz, CHF 1,394/oz, JPY 111,635/oz respectively.
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Tuesday, June 15, 2010
Gold Price Trend Update / Commodities / Gold and Silver 2010
As we mentioned recently the dollar may well have run its course for now having been the main beneficiary of the perils that have swamped the euro. This chart shows the US Dollar gradually heading south over this three day snap shot. Once the heat comes off the Euro the dollar will be next to go under pressure as the fundamentals look none too rosy
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Monday, June 14, 2010
Japanese Candlesticks and The Gold Market / Commodities / Gold and Silver 2010
How Japanese candlestick charts can help you in the gold market
I have just finished a short video on the spot gold market using Japanese candlestick charts. In this new video I show you some important elements that you would not necessarily see using traditional Western charts.
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Monday, June 14, 2010
Gold Trading "Hits Summer Lull" But Dollar-Price "Bull Trend Intact" / Commodities / Gold and Silver 2010
THE PRICE OF GOLD in wholesale trading edged lower as the US Dollar also slipped early Monday in London, reversing a 0.5% rise in Asian trade as world stock markets rose with commodity prices.
Crude oil rose sharply to $75 per barrel. Major-economy government bonds fell in price, pushing 10-year interest rates above 3.25% on US Treasuries.
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Monday, June 14, 2010
Gold Set for New Record Highs / Commodities / Gold and Silver 2010
Gold rallied on the open in Asia and has maintained those gains in early trading in Europe as the dollar has. Last week's all time higher weekly close was important technically and means that gold's technicals remain strong after its recent weekly and monthly (May) higher closes. Indeed, momentum traders and those making "the trend their friend" could push gold to new (nominal) highs in the coming days.
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