Category: Gold & Silver
The analysis published under this category are as follows.
Monday, June 18, 2007
Weekly Gold and Silver Technical Analysis Report - 18th June 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
With 93% of the “quality” stocks on the rise and only 40% of the gambling variety on the rise this was a “quality” week in the precious metals universe. Will it last?
GOLD : LONG TERM
Still no movement in the long term P&F chart so we continue in a P&F long term BULLISH trend.
As for the normal indicators, gold closed above its still slightly positive sloping moving average line. Price momentum (strength) is still in its positive zone but with a negative trigger line indicating the pressure is towards the down side. The long term volume indicator is below its trigger line and the line has turned down. Putting it all together the indicators remain just slightly better than last week so I will remain with last week's BULLISH view of the long term gold position.
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Monday, June 18, 2007
What Use is Gold Indeed! / Commodities / Gold & Silver
By: Andre_D_F_Oosthuizen
What use is gold? Gerry Hiles raised the question, June 7, 2007. Good question indeed and all the points raised are true and thought provoking up to a point.
What follows is another interpretation of the utility of gold.
Mr. Hiles in fact answers all his questions by asking them but not following it through with the logical conclusions.
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Sunday, June 17, 2007
Will More Central Bank Gold Sales Be Announced or is this All we are going to see? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Since our inception we have run this table on Central Bank gold sales under the Central Bank Gold Agreement. We have always differentiated between the sales decided upon earlier and sales about which no announcement was made.
We have done this for a reason, despite the fact that while the first “Washington Agreement” stated from the outset, that they would only sell gold from sales “already decided”, the second Central Bank Gold Agreement stated differently, that gold would be sold from “sales already decided and to be decided ”.
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Sunday, June 17, 2007
Gold and Silver Analysis - Precious Points: Enjoy it While it Lasts? / Commodities / Gold & Silver
By: Joe_Nicholson
When it comes to the metals, bears hibernate for years, but bulls just retest the 5- and 50-day moving averages! This week's retail sales data will be critical… New figures for CPI and PPI will also be watched closely. Given the delicate balance of forces and the high level of emotion in this market, any surprise in these numbers is likely to set off a big move… Either way, metals have still not failed the support levels consistently outlined in this update over the past several weeks and highlighted … until they do, the outlook will remain decidedly bullish, even if a sustained rally is still always just over the horizon. ~ Precious Points, Don't Go Gentle Into That Goodnight , June 10, 2007
So Goldilocks is back, but where's gold? Stocks are sailing again, how about silver?
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Sunday, June 17, 2007
Summer Outlook for Gold / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
To understand why gold is "lagging" we need to compare it to other sectors of the market.
The following chart shows that gold and gold stocks are "leading indicators." This is confirmed by the fact that neither gold nor gold stocks have made a new high in 2007, while other market sectors have made new highs this year. These areas (stock market, continuous commodity index, base metals and the oil stocks) are close to topping if they already have not topped.
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Saturday, June 16, 2007
Silver and its Long-term Cycles / Commodities / Gold & Silver
By: Tim_Wood
There are two long-term cycles in silver that have historically proven significantly meaningful. The first is the 5-year cycle and the second is the 10-year cycle, with the 10 year cycle being the more dominate of the two cycles. It is important to understand that cycle analysis is nothing more than a method of quantifying market trends of similar degree. Because market cycles ebb and flow and are not rigid, we have to look at the common denominators and develop averages. We can then use these common denominators and averages as a guide for what might be expected in the future.Read full article... Read full article...
Thursday, June 14, 2007
Gold Bull Market Buy the Dips and Crude Oil About to Breakout / Commodities / Gold & Silver
By: Peter_Degraaf
“Ye got yer good news, and ye got yer bad news”
The bad news is that some of you were influenced by the ‘gold bears' who are forever looking at the ‘half-full' glass and calling it ‘half-empty'. You either sold during the past few days, or you allowed these bears to rob you of some good sound sleep!
Will these gold bears ever learn this simple trading rule: WHEN THE 200 DAY MOVING AVERAGE IS RISING, EVERY DIP TOWARDS, OR EVEN BELOW IT, IS AN OPPORTUNITY TO BUY!
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Wednesday, June 13, 2007
Sell Gold or use it as a Monetary Asset? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Spain's sales of gold
The Bank of Spain's recent gold sales are part of a strategy to shift its reserves into more profitable fixed-income instruments, Spanish Finance Minister Pedro Solbes said last week. Anyone with a modicum of knowledge of finance gasped at the sheer ignorance of the words.
Wednesday, June 13, 2007
US Dollar is SInking - Wake Up Call for Gold Investment Era / Commodities / Gold & Silver
By: David_Vaughn
It continues to amaze me how many people still do not get it. Their eyes are merely focused on the barometer, gold, and not the real culprit, the US dollar. And what presently is occurring with the ole' dollar? “The U.S. dollar is sinking.” Click
And do you witnessing gold crashing through 600? Gold may battle within these ranges for a year or so, but long term the momentum is still there and building power and steam.
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Wednesday, June 13, 2007
GOLD THOUGHTS - Shock of Rising Interest Rates Presents Gold Buying Opportunity / Commodities / Gold & Silver
By: Ned_W_Schmidt
Reality can truly be a shocking experience. For more than a year, paper equity markets have been deluded into thinking interest rates would decline. Suddenly, looking around the world the discovery was made that interest rates in most countries were rising or were going to rise. Decades ago, the U.S. set domestic interest rates. Today, interest rates are controlled by global investors.Read full article... Read full article...
Wednesday, June 13, 2007
Interest Rates and the Gold Price / Commodities / Gold & Silver
By: Mario_Innecco
We have recently seen long term bond yields climb quickly through key technical levels. On the 8th of June the U.S. 30 year bond yield climbed through 5.30% and the 10 year bond yield reached 5.24%. The 10 year yield was below 4.90% just a couple of weeks ago and today we have seen bond prices drop lower and the all-important 10 year yield shot through the 5.25% and touched 5.28%! The break of the 5% level was psychologically important and on a technical basis we have seen the 10 year yield break through the upper part of a long term downward trend channel and consequently confirming that the low yield of around 3.10% we saw in 2003 marked the top (in terms of prices) of the bond bull market that started in 1981.Read full article... Read full article...
Tuesday, June 12, 2007
The Greenspan Experiement and Gold / Commodities / Gold & Silver
By: Captain_Hook
Apparently that's what we are unfortunately destined to continue living in, the Frankenstein economy he largely created during his tenure at the Fed, and continues to influence to this day. To this, whether intentional or not, and like his most famous irrational exuberance warning from 1996, his comments have the effect of getting people to react, which in the end is to the Fed's benefit. That is to say, if more people run out over the next couple of days and short the stock markets around the world because of this most recent warning on Chinese stocks , then the Fed's mandate will be aided considerably with the floor that will put under prices, that being the maintenance of price stability. So you see, this is just Al the egomaniac extending his influence throughout the world, along with that of the Fed, and the US effectively of course.
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Monday, June 11, 2007
Silver Market Update - Potential Double Top / Commodities / Gold & Silver
By: Clive_Maund
The outlook for silver at this time is remarkably similar to that for gold and for the same reason - they are both threatened by a looming substantial rise in the dollar, which if it occurs, as now looks likely, will result in both gold and silver going into retreat and leaving behind large Double Tops on their charts.Read full article... Read full article...
Monday, June 11, 2007
Gold Market Update - Potential Double Top for Gold / Commodities / Gold & Silver
By: Clive_Maund
This Gold Market update makes grim reading - if you believe it that is. Gold had been weakening and rounding over since its late February high, and on Thursday and Friday it dropped sharply, breaking below its uptrend in force for nearly 2 years, from July 2005, for the 1st time, after deceptively rising away from it. Read full article... Read full article...
Sunday, June 10, 2007
Gold and Silver Analysis - Precious Points: Gold Don’t Go Gentle Into That Goodnight / Commodities / Gold & Silver
By: Dominick
Joe Nicholson (oroborean) writes: “Now that both gold and silver have climbed above, the 5-day moving average becomes an important support level which, though not inviolable, signals a relatively low risk/reward trade … losing the 5-day average in a single week from a fresh high that marks the crucial turn and ultimate retreat back into the 50-day level …… If the impetus to cut rates is in fact removed, bond yields could be expected to reach a more historically normal level, above the overnight rate at 5.25% … it’s not the nominal rate, at least not at anywhere near these levels, as much as the rate of increase that would determine the effect on stocks and metals.”
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Sunday, June 10, 2007
Weekly Gold and Silver Technical Analysis Report - 10th June 2007 - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
WOW! Nibble, nibble, nibble then plunge, plunge. Now what should we expect? Five days of down side, one should expect a few up sides BUT would you put money on that?
GOLD : LONG TERM
A couple of scary days but we're still a long way away from going bearish on the long term P&F chart. That point is still the $600 level.
Friday, June 08, 2007
China Stock Market and China Gold Technicals / Commodities / Gold & Silver
By: Zeal_LLC
Two years ago I suspect American investors would have unanimously scoffed at the notion that the world would soon look to China 's stock markets for guidance rather than the USA 's. Yet here we are today. Over these past two years the Shanghai Stock Exchange Composite Index has soared a breathtaking 328%, capturing the world's attention.
At best at the end of May, the SSEC was up 62% this year alone! Such gains are clearly unsustainably parabolic which place the Chinese stock markets deep into classic bubble territory. And the amazing stories coming out of China these days reflect mania extremes. From an accelerating day-trading craze, to record numbers of new stock-trading accounts being opened, to even lowly Chinese laborers giving stock tips, China is caught up in the throes of a textbook stock mania.
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Tuesday, June 05, 2007
Turning Point for Gold? / Commodities / Gold & Silver
By: Michael_J_Kosares
In this issue we resurrect the old Nuggets format to accommodate several analysts who surfaced last week to say that we may have reached a turning point in the gold market. If last week's lows hold, the corrective process took all of a 6% bite out of the price.
The charts continue to display a bullish pattern of rising lows and strong buying on the dips. What's more, we are back within roughly $20 of the interim highs. Perhaps commodities analyst Dan Norcini said it best: "All in all, this week will sure go a long way to soothing the hearts of weary gold bulls who will probably be seen walking around town with a much lighter step than they possessed last weekend.
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Monday, June 04, 2007
Trading THOUGHTS - Gold and Silver Trend is Up, Buy on Corrections / Commodities / Gold & Silver
By: Ned_W_Schmidt
Well, the U.S. reported this past week data on economic performance in the first quarter of 2007. Real growth was 0.6% and the GDP deflator, or inflation, was 3.6%. Speculative fund managers took this as good news, somehow. Inflation during the first quarter was running six times that of inflation. In short, most of what is going on in the U.S. economy has been inflation. Then on Friday came the report on employment in the U.S. Someday the truth will be told on the employment report, but not this week. About 1/3 of the workers added in May were jobs at bars, restaurants, and hotels. Is that economic growth, or laid off construction and factory workers taking any job they can find?
Basic Trend: $Gold Up. Investors should focus on Buy signals. Strategy: Positive, per Investment Policy of Oct 2004.
Investment Policy: Act on buy signals. Hold long-term core position.
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Monday, June 04, 2007
Deep Gold Mines, Cheap Paper Money / Commodities / Gold & Silver
By: Adrian_Ash
"...The supply of cheap gold looks to be nearing its end. The supply of cheap money, on the other hand, only grows greater..."
ONCE UPON A TIME in the market place, says Economics 101, money had three primary functions.
A medium of exchange for buying and selling, money was also a unit of account for pricing those deals. Thirdly, it had to act as a store of value – a way of freezing wealth, ready to spend at some point in the future.
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