Category: Gold & Silver
The analysis published under this category are as follows.
Thursday, December 18, 2008
Gold Rally Continues as Bonds Fall to Record Lows / Commodities / Gold & Silver
By: Adrian_Ash
SPOT WHOLESALE GOLD PRICES continued to rise early in London on Thursday, recording the best AM Gold Fix in 10 weeks as European stock markets stalled and government bonds leapt yet again, squashing UK gilt yields to new record lows.Read full article... Read full article...
Thursday, December 18, 2008
Gold the Ultimate Safehaven as U.S. Dollar Crashes / Commodities / Gold & Silver
By: Mark_OByrne
Gold’s safe haven credentials have been reaffirmed in recent days as the dollar’s safe haven appeal is increasingly being questioned (see News and Commentary section of homepage). The scale and speed of the decline of the dollar (and to a lesser extent sterling) in recent days is unprecedented.Read full article... Read full article...
Thursday, December 18, 2008
Bernanke's Quantitative Easing Good for Gold and Silver / Commodities / Gold & Silver
By: HRA_Advisory
So, it comes to this. The Fed announced the most anticipated rate cut in history; though some didn't expect 75-100 bps based on the ecstasy on Wall St after the announcement. This move brings the Fed to the end of Stage One in its battle to save the world from the aftereffects of the credit bubble. The Fed can't cut rates any farther and, based on where short term Treasuries have been trading lately, this move just made official what the market had already priced in. A big upward move in the main US equity indices notwithstanding this was hardly a shocker. The other group that reacted with equal vigor was the currency traders. Read full article... Read full article...
Wednesday, December 17, 2008
Gold Alert Next Stop $1000 and Gold Stocks to Outperform Bullion / Commodities / Gold & Silver
By: Julian_DW_Phillips
Gold has now entered the next and major leg of the long-term gold bull market after correcting down from $1,035. We believe it is now targeting $1,000, initially . This will be achieved with pullbacks and periods of consolidation.Read full article... Read full article...
Wednesday, December 17, 2008
Gold and Gold Stocks 2009 Boost from Central Bank Quantitative Easing Measures / Commodities / Gold & Silver
By: Christopher_Laird
The US Fed just cut its Fed Funds target to 0 to .25% and is also likely to use other means to lower interest rates in the US such as buying long term US Treasuries and other bonds directly. The rationale is that merely lowering the Fed Funds rates is not finding its way into credit markets because lenders still don't want to lend. Read full article... Read full article...
Wednesday, December 17, 2008
Investors Dump Dollars for Gold Physical Metal / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET held inside a tight $10 range early Wednesday after jumping to a nine-week high of $860 per ounce overnight after the US Federal Reserve chose the nuclear-option of zero interest rates.With US Dollars effectively free to borrow in New York's bank-to-bank market (they already cost just 0.13% last week), crude oil rose back above $45 per barrel on expectations of a major cut to Opec output quotas later today.
Read full article... Read full article...
Wednesday, December 17, 2008
Gold Spikes Higher on Unprecedented Fed Interest Rate Cut Low / Commodities / Gold & Silver
By: Mark_OByrne
The surprise move by the Fed to lower the Fed funds rate by more than 75 basis points to a record low and an unprecedented band between 0.25% and 0% led to sharp falls in the dollar (low of 1.4188 to the euro) and a spike in the gold price to over $859.40/oz.Read full article... Read full article...
Tuesday, December 16, 2008
U.S. Interest Rate Cuts to Drive Gold Bull Market During 2009 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE GOLD slipped lower early in London on Tuesday, recording the best Gold Fix in two months at $833.50 an ounce but trading 1% below Monday's top in the spot market.Tokyo stocks ended the day 1% down, while London shares held flat. The US Dollar regained one of yesterday's four-cent losses vs. the Euro.
Read full article... Read full article...
Tuesday, December 16, 2008
Gold Strong Bull Market Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose again yesterday and the dollar fell sharply in anticipation of the Federal Reserve further slashing interest rates to record lows of 0.5% today.Read full article... Read full article...
Monday, December 15, 2008
Gold Facing Comex Delivery Squeeze as Traders Fear Counterparty Risks / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied sharply last week and was up nearly 9% despite continuing uncertainty and a very mixed performance in stock markets. The US dollar index fell some 4% on the week and it looks increasingly likely that the dollar may have topped out and may soon resume its bear market. For the year, gold is now up by more than 4% in dollar terms and by much larger amounts in euros (+11.7%) and pounds (+40.4%). Read full article... Read full article...
Monday, December 15, 2008
Gold Surges as Governments Start Running Out of Ideas / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION came within $1 of a new two-month high early Monday in London, holding onto last week's 9% jump and recording its best Morning Gold Fix since Oct. 16th for US investors.Crude oil and the Tokyo Nikkei index both jumped more than 5%, but European stock markets gave back their opening gains by lunchtime.
Read full article... Read full article...
Monday, December 15, 2008
Gold and the $8.3 Trillion & Journey to OZ! / Commodities / Gold & Silver
By: David_Vaughn
Well, it has finally happened. USA Today has raised the cost of their daily paper to one dollar. Knew the day was coming. The mining industry continues to suffer along with the rest of the stock market. Definitely a contrarian market now. The availability of credit is now zero and blessed be those companies who have previously stock piled huge wads of cash. They will have the best chance of surviving this market. Read full article... Read full article...
Sunday, December 14, 2008
Gold Backwardation That Shook The World / Commodities / Gold & Silver
By: Professor_Emeritus
On Friday, December 12, backwardation on gold was still in force at an annualized discount rate hovering around 2% in the December contract, and 0.3% in February contract. Many readers have asked me how it is that so many other observers fail to see the backwardation. The discrepancy is due to differences in methodology. Most analysts calculate the basis as the difference between February and December futures prices which gives them a positive reading. They use the December futures price as proxy for the spot price. This is clearly wrong. The December futures price is not the same as the spot price, even though we are in December. Read full article... Read full article...
Sunday, December 14, 2008
Gold Rallies as Precious Metals Stocks Soar / Commodities / Gold & Silver
By: Merv_Burak
A nice weekly move by the metals but boy did the stocks move. Most gold Indices were making gains in the 20% area while the Merv's Spec-Gold Index gained 32.1%. We should not expect gains like this to come along very often but enjoy them when they do. Read full article... Read full article...
Friday, December 12, 2008
Playing U.S. Dollar Weakness and Silver Strength / Commodities / Gold & Silver
By: Mike_Paulenoff
The seven-week sideways coil pattern in the daily chart of the Euro/$
resolved itself to the upside earlier this week. The ability of the Euro/$
to hold Thursday's gains amidst acute overnight weakness in equities is a
very powerful sign of relative strength, and likely that the Euro has
further to climb against the USD -- at least to the 1.3600-1.3700 area next.
This action should be supportive for gold and silver as well.Read full article... Read full article...
Friday, December 12, 2008
Investments Diversification Remains Key to Weathering the Economic Storm / Commodities / Gold & Silver
By: Mark_OByrne
With the economic slowdown and the consequent fall in jewellery sales, jewellers have recently begun touting the merits of jewellery and diamonds as being “investments”. Gold, silver, platinum or palladium rings, bracelets, necklaces and diamonds or other gemstones should not be sold as an investment and it is irresponsible to sell them as such. Read full article... Read full article...
Friday, December 12, 2008
Gold and the Credit Crash / Commodities / Gold & Silver
By: Adrian_Ash
"... To stay ahead of inflation, don't beg for a raise. Just borrow the money instead...!"
The TROUBLE with GOLD...? If you choose to use it as money, then you can only abandon it once. Once done, it's done forever. You can't keep floating the value of cash time and again.
Read full article... Read full article...
Friday, December 12, 2008
More on Gold Backwardation / Commodities / Gold & Silver
By: James_Turk
Over the last few weeks, there have been a lot of articles on the Internet about backwardation, i.e., when the price of commodities for delivery today is higher than the price of commodities for delivery in the future. Like nearly all the things on the Internet, most of what was written is useful, but some of it is total rubbish, and it takes time to sort through to find the gems from the rest. I offer the following in the hope that it clears up some of the confusion that has arisen about backwardation as well as to provide some insight into today's gold market. Read full article... Read full article...
Friday, December 12, 2008
Junk Silver or Junk Bonds / Commodities / Gold & Silver
By: David_Morgan
Junk Silver - “Junk silver” and “junk bags” are terms that refer to $1000 in U.S. coinage— dimes, quarters, or half dollars minted 1964 or earlier; commonly known junk bags consist of 90% silver. Junk bags of silver dollars are sold separately and have always held a higher premium. Read full article... Read full article...
Friday, December 12, 2008
An Overview of Gold and the Banking System / Commodities / Gold & Silver
By: Julian_DW_Phillips
The $ has started to tumble and the gold price has positively turned. Meanwhile investors are not staring into the abyss quite as much. With interest rates tumbling across the globe, the world's central bankers are acting in concert, clearly in hopes that foreign exchange rates will steady. At the same time, the global economy and the nations that make it up are all stimulating their economies. Read full article... Read full article...