Category: Gold and Silver 2011
The analysis published under this category are as follows.
Wednesday, June 22, 2011
Platinum to Gold Ratio and Detecting Bubbles / Commodities / Gold and Silver 2011
By: Willem_Weytjens
An article on BespokeInvest about the Platinum-to-Gold ratio today drew my attention.
I therefore wanted to get to know more about this ratio. I knew that the ratio had been trading around 2 over the last 10 years, which was why I invested heavily in Platinum and its little sister metal Palladium in December 2008 and early 2009 when prices crashed, and Platinum became cheaper than gold (the ratio thus dropped below 1). When the economy rebounded, the ratio rebounded to 1.50, but the last couple of months, it has been declining again, and is approaching 1 again, as it is currently at 1.13 with gold prices around 1546 and Platinum around 1742.
Wednesday, June 22, 2011
Greeks Turn to Gold as Safe Haven Demand Surges / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,544.31/oz, €1,072.96/oz and £957.30/oz. Gold is lower in dollars but higher in euros and has reached new record highs in pounds sterling at £958.25/oz. Gold is being supported by strong and increasing demand internationally.
Sterling has fallen after the BoE minutes raised concerns of further quantitative easing and currency debasement. The Bank of England looks increasingly likely to maintain its ultra accommodative monetary policies. Interest rates may continue to remain at multi century lows and the BoE is again considering more printing of money to buy government debt.
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Wednesday, June 22, 2011
Gold Falls in Dollars But Hits New High in Sterling as Greeks Hoard Bullion / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE SPOT MARKET Dollar gold price fell to $1542 per ounce late Wednesday morning in London – still a touch above where it started the week, and 2.2% off last month's record high – while commodities fell and stocks were mixed after Greece's prime minister survived a confidence vote.
Silver prices fell below $36 per ounce – 28% below April's record high.
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Tuesday, June 21, 2011
Gold Gains on US Debt Woes that Far Exceed Europe's / Commodities / Gold and Silver 2011
By: Ben_Traynor
THE WHOLESALE price of gold bullion rose above $1545 per ounce Tuesday morning in London – just over 2% off last month's all-time high – while stock and commodity markets also gained.US Treasury bonds fell meantime as negotiations continued over the US federal debt ceiling.
Tuesday, June 21, 2011
Indian Gold and Silver Imports Surge 222% as Official Inflation Surges to 8.65% / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,544.39/oz, €1,076.08/oz and £954.27/oz. Gold is marginally higher in most currencies today and on the verge of making new nominal highs in dollars, euros and pounds.
It is holding near record highs as there is no quick end in sight to economic turmoil in Europe after Greece was told to approve brutal new austerity measures to avoid defaulting on its debt. This would threaten the solvency of many western banks and the European Central Bank's Ordonez (member of the ECB’s governing council) warned this morning that the Greek crisis could have ‘transcendent consequences’.
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Tuesday, June 21, 2011
Don't Get Suckered by Wall Street's Low Gold Price Forecasts / Commodities / Gold and Silver 2011
By: Money_Morning
William Patalon III writes: I was scanning the news wires in search of a particular item late last week when a story caught my eye: It seems that Newmont Mining Corp. (NYSE: NEM), the world's No.2 gold producer, believes that the burgeoning demand from Asia's newly minted middle class will send the yellow metal up to $1,600 this year and even higher in 2011.
The Newmont story reminded me of another news item that I'd read just days before - a news-service poll of analysts that said that the current Wall Street consensus was for gold prices to reach $1,700 an ounce in 2015.
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Monday, June 20, 2011
Gold on the Brink... Of What? / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Greece
This weekend, the E.U. Ministers promised the next tranche of money to Greece and a second bailout package if Greece enforces another bout of austerity on itself. Does this clear the E.U. of its obligations? They have not yet finalized these terms and await the next episode in Greece of its acceptance of this principle.
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Monday, June 20, 2011
Gold Holds Steady on Fears of Euro-zone Market Massacre / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold prices hovered in a tight range around $1537 per ounce Monday morning London time – 2.5% below last month's all-time record high – while stock and commodity markets fell and US Treasury bonds gained after Eurozone finance ministers postponed a decision on financial aid for Greece.
Silver prices dropped to $35.44 per ounce – a 1.2% fall from last week's close.
Monday, June 20, 2011
Gold Rises to New Record Sterling on Global Debt Contagion Risk / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,535.85/oz, €1,080.37/oz and £950.28/oz.
Gold is being supported as default risk has increased after EU finance ministers failed to agree on a new Greek loan package. Gold priced in sterling rose to new record nominal highs this morning at £954.84/oz and the weakness of the euro has seen gold rise to touching distance (9 euros) from new record highs in euro terms at €1,088/oz.
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Monday, June 20, 2011
Gold is Golden / Commodities / Gold and Silver 2011
By: Barry_Elias
Global uncertainties abound: geopolitical, financial, and economic.
The aforementioned is a strong underlying driver for a more stable medium of exchange. The confluence of these events suggests $4,000 gold (per ounce) by 2020 seems more probable.
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Sunday, June 19, 2011
Gold Rally Momentum Deteriorating / Commodities / Gold and Silver 2011
By: Merv_Burak
Either speculators are getting used to the daily Middle East and EU (primarily Greece) upheavals or have taken tranquilizers as the gold trading in recent days has not been all that energetic. The momentum of the recent move is deteriorating and that implies that gold might just take another dip. How far and how long is anyone’s guess.
Sunday, June 19, 2011
Gold Top? Long-term Chart Analysis / Commodities / Gold and Silver 2011
By: Willem_Weytjens
Today I had a look at one of the charts I created a long long time ago (in late 2008).
I was amazed by the accuracy of the lines I drew back then.
I drew Fibonacci levels from the bottom in 1976 (100$)=0.00% and assumed the highest close of 1980 (834$) would be the 50% Retracement level.
Friday, June 17, 2011
Gold Going to $5,000 or More! / Commodities / Gold and Silver 2011
By: Lorimer_Wilson
Of the 133 analysts who have now gone public in maintaining that gold will eventually go to a parabolic peak price of $2,500/ozt.+ before the bubble bursts, 90 – yes 90, maintain that gold will reach at least $5,000 per ozt. Take a look here at who is projecting what, by when.
Friday, June 17, 2011
Fiat Currencies Weight in Gold, The Real Prices of Things / Commodities / Gold and Silver 2011
By: Casey_Research
Charles Vollum, Casey Research writes: Fiat currencies the world over are being manipulated by central banks, which is distorting asset and commodity prices. Successful investing requires that investors have a good idea of what things cost and what they are really worth – and using the world's oldest and most stable form of money, gold, to compare prices is one way to get that insight.
Friday, June 17, 2011
Six Gold Bubble Myths / Commodities / Gold and Silver 2011
By: Adrian_Ash
Anyone calling gold a bubble is talking through their hat or worse...
YES, GROWTH IN global gold demand is rapid. No, another decade of quintupling prices isn't nailed on. But neither of those facts make gold a "bubble" today.
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Friday, June 17, 2011
The Value of Gold / Commodities / Gold and Silver 2011
By: Submissions
Paul de Sousa writes: There is much confusion today over the role of gold. It is viewed as a commodity, as an investment, as a position to be traded. But if we set aside these preconceived notions and examine why gold and precious metals are resuming their historical role as money the world over, if we establish a gold mindset, we will see that their real value lies in forming the foundation of an investment portfolio, because precious metals provide the ultimate in wealth protection.
Friday, June 17, 2011
Will Central Banks and The IMF Sell Gold Again? / Commodities / Gold and Silver 2011
By: Julian_DW_Phillips
Before 2000, the gold markets of the world were in retreat because of the fear that central banks would unload the 34,000 tonnes of gold they held in reserves. Britain conducted the last, great sale, selling half of their reserves at the lowest price the gold market has seen since the early 1970's (and has not been seen since).
That fear was softened by the "Washington Agreement" wherein many of the world's leading central banks, (excluding the U.S. and Japan who gave their tacit blessing) agreed that they would sell no more than 400 tonnes of gold per year, for the next five years.
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Friday, June 17, 2011
Silver Fundamentals and Technicals Say Be Cautious! / Commodities / Gold and Silver 2011
By: Przemyslaw_Radomski
As it was the case in our previous essay (Will Gold Price Decline Soon or Is This Summer Really Different), let’s begin also today’s article by answering one of the questions that we’ve received from one of our Subscribers. Here is the question.
- With the volatility in the stock market, the fears about the effect of the Greece debt crisis, “fukushima” in Japan, our various problems with housing, jobs and stunning national debt here in the U.S., I have to wonder if investors are increasingly looking to precious metals as a safe haven……in a way that might defy usually reliable quantitative measures?
- Also, is it possible the recent detailed study and report by Standard Chartered, citing the limited supply of gold in the next few years and projecting a $5,000 per oz top, tend to drive investors into gold in a way that could defy past technicals?
Friday, June 17, 2011
Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed? / Commodities / Gold and Silver 2011
By: GoldCore
Gold is trading at $1,527.39/oz, €1,070.50/oz and £944.70/oz.
Gold has given up much of yesterday’s modest gains and is marginally lower in all currencies except the Swiss franc. The euro has stabilized despite continuing contagion concerns and an existential threat to the euro currency itself.
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Friday, June 17, 2011
Gold Bullion Well Supported as Athens Faces Petrol Bombs / Commodities / Gold and Silver 2011
By: Ben_Traynor
U.S. DOLLAR gold bullion prices bounced to $1528 per ounce Friday morning London time – just below where they started the week – as commodities fell and US Treasuries dipped. Stock markets rallied, but were still on course for a loss on the week.
German chancellor Merkel and French president Sarkozy meantime met to try and resolve the Eurozone's deadlock over Greek debt restructuring.