Category: Gold & Silver
The analysis published under this category are as follows.
Friday, March 07, 2008
Gold Technically Overbought But Supported by Strong Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down some 1.1% or $11.10 to $975.00 per ounce in trading in New York yesterday and silver was down some 2.3% or 49 cents to $20.13 per ounce. In Asian trading gold rose to $984.75 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $978.50, £486.14 and €635.18.Read full article... Read full article...
Thursday, March 06, 2008
Gold Touches $992 New High As the US Dollar Sinks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL gold bullion moved in a tight 0.8% range early Thursday, re-touching yesterday's new all-time high above $992 per ounce as the US Dollar sank once again.As the opening drew near in New York – where a small bomb damaged an army recruitment center in Times Square overnight – crude oil jumped to a new record above $105 per barrel.
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Thursday, March 06, 2008
Gold Recovers Earlier Losses On Clear Signs of Inflationary Pressures / Commodities / Gold & Silver
By: Mike_Clark
Gold and silver recovered strongly from the previous days sell off and gold was up $21.70 to $987.50 per ounce in trading in New York yesterday and silver was up 88 cents to $20.64 per ounce. Gold and silver reached new nominal record and 27 year highs respectively at $992.10 and $21.17. In Asian and European trading, gold has consolidated near record highs and silver has been even stronger. The London AM Gold Fix at 1030 GMT this morning was at $986.25, £494.31 and €643.43.Read full article... Read full article...
Wednesday, March 05, 2008
Bernanke's Stagflationary Gold Show Must Go On? / Commodities / Gold & Silver
By: Brady_Willett
Ben Bernanke has attacked the threat of deflation with great zeal. We knew that he would. But what we don't know is how Mr. Bernanke will respond to today's stagflationary pressures, if at all, and/or whether or not the slumping dollar will eventually ignite a monetary policy response. Yes, Mr. Bernanke has assured policy makers and investors that fighting recession is higher on the Fed's check list than directly attacking inflation. However, if USD creation is the primary cause of the inflationary problem now rupturing through out the global economy Bernanke may have little choice but to eventually switch focus. Read full article... Read full article...
Wednesday, March 05, 2008
Gold Continues on its Exciting Climb Higher! / Commodities / Gold & Silver
By: David_Vaughn
Even the threatened IMF gold sells have failed to slow gold's momentum. Winter continues beating down on us providing colder and colder days here in the south. The mountains receive the snow but the Piedmont remains clear.
Well the last of the democratic nominations are winding up. How will gold be affected regardless of who enters the White House? Who ever enters the house on the hill will have no strategy except to continue the present course which is unabated money creation which in turn leads to greater inflation.
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Wednesday, March 05, 2008
Gold: Two All-Time Records with $30 Between / Commodities / Gold & Silver
By: Adrian_Ash
"...Miss your chance to buy gold at a $30 discount last night...?"
WELL THAT CAME and went pretty quick!
Gold Prices dumped almost $30 per ounce late Tuesday, only to pick them right back up again by Wednesday's close in London , before racing above $990 per ounce as New York wound down the day by itself.
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Wednesday, March 05, 2008
Gold in Tight Range Head of US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD held in a tight $6 range early in London on Wednesday, trading 0.8% above last night's three-session low as Asian stock markets closed lower for the fifth day running and US bond prices rose ahead of a raft of economic data.Read full article... Read full article...
Wednesday, March 05, 2008
Gold and Precious Metals Sell off on Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver gave up the previous day's gains with gold down $15.50 to $964 per ounce in trading in New York yesterday and silver down 32 cents to $19.74 per ounce. No follow through was seen in Asian trading but in European trading, gold and silver have continued to correct. The London AM Gold Fix at 1030 GMT this morning was at $966.25, £488.30 and €636.15.Read full article... Read full article...
Wednesday, March 05, 2008
Gold Bugs: Who's Crazy Now? / Commodities / Gold & Silver
By: Joe_Nicholson
March 2nd update for members - “Though it seems a stall in the rally may be ahead if the Fed continues to jawbone the issue of inflation, I am compelled to revise my charts in a decidedly bullish fashion.” ~Precious Points: The Bubble Inside the Bubble, February 23, 2008
There was a time, not all that long ago, when being a “gold bug” carried the stigma of being a bit on the fringe, when accumulating physical metal was deemed akin to building and stocking an underground bunker complete with canned beans and tinfoil hats.
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Tuesday, March 04, 2008
Gold Makes Near Term Peak / Commodities / Gold & Silver
By: Mike_Paulenoff
In our 10 am posting to subscribers yesterday we discussed the powerful up-gap opening in the streetTRACKS Gold Shares (NYSE: GLD) and the fact that the GLD had hurdled the resistance line of its multi-month bullish price channel. We wrote: "This is very interesting action in the GLD -- to see if the up-gap up here can be preserved…[and] to see if the GLD can hold above its upper channel line (96.67) because usually a thrust above the upper channel concludes the underlying upleg."Read full article... Read full article...
Tuesday, March 04, 2008
Gold Long-term Elliott Wave Count Analysis / Commodities / Gold & Silver
By: David_Petch
I have spent at least 15 hours trying to find symbols for gold on my data feed to no avail. I might have found one way to get it, but the cost for one single quote is not justifiable. As such, I subscribed to Stockcharts to obtain charts. They do not offer data far back enough to produce long-term charts, so what you see is what you get. Read full article... Read full article...
Tuesday, March 04, 2008
Gold Holding Pattern Below $1000 on Dollar Central Bank Support / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET recovered an overnight dip of 0.5% as the US open drew near on Tuesday, taking the price of physical Gold Bullion within $1.50 of Monday's new record high.Global stock markets meanwhile continued to drop, losing 2% in Hong Kong , as soft commodity prices dipped together with base metals.
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Tuesday, March 04, 2008
Gold Trending To Hit $1200 in 2008 / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $10.10 to $980.50 per ounce in trading in New York yesterday and silver was up another 33 cents to $20.06 per ounce (more on silver below). In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31.Read full article... Read full article...
Monday, March 03, 2008
Silver Short-term Extremely Overbought Situation / Commodities / Gold & Silver
By: Clive_Maund
Over the past week or so we have been seeing the acceleration by silver that we expected following its anticipated breakout against the Euro and the Swiss France. However, coming on top of strong gains since the low last December, this has resulted in an extremely overbought condition developing. Read full article... Read full article...
Monday, March 03, 2008
Gold Price Strong in All Currencies -Chocolate Bunnies & the Easter Heatwave / Commodities / Gold & Silver
By: Adrian_Ash
"...Those who oppose reform may get revolution..." - John F. Kennedy, speaking of Latin America in 1962
THE EURO HIT fresh all-time highs versus the Dollar already this month – and we're only one trading day in.
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Monday, March 03, 2008
Gold Surges Towards $1000 As World Stock Markets Plunge / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD leapt in Asian trade Monday, starting the week in London at new record highs against all major currencies except the Swiss Franc and Japanese Yen as global stock markets fell yet again. Briefly breaking above $985 for Dollar investors as European stock markets opened the day some 1.5% lower on average, physical Gold Bullion also touched £496.60 and €647.30 per ounce for British and European buyers.
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Monday, March 03, 2008
Gold Rises in All Currencies / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver's monthly close at 19.73.Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $978.25, £492.70 and €644.94.
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Monday, March 03, 2008
IMF GOLD Sales Bonanza for Investors / Commodities / Gold & Silver
By: Darryl_R_Schoon
If history repeats itself, we will soon be recipients of the biggest windfall of the new millennia. Not since the Bank of England sold 400 tons of its gold in 1999 at the very bottom of the market have gold investors been presented with such good fortune. Ladies and gentlemen, get your pens and checkbooks ready.
Representatives of the world's industrialized nations, the G7, have recommended that the IMF sell 401 tons of its gold to help meet operating expenses. If the sale of IMF gold proceeds, gold investors should be prepared to buy as much as they can—and then some for this will one of the last opportunities to buy gold at current prices.
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Sunday, March 02, 2008
Gold Heading Towards Critically Overbought Territory / Commodities / Gold & Silver
By: Clive_Maund
With silver being in a critically overbought state and looking set to react very soon, we now have to “find reasons” for gold to react on its charts, since it is hardly likely that gold will continue higher while silver is reacting. Fortunately, if we look closely enough, it is not hard to find reasons for gold to react soon along with silver. Read full article... Read full article...
Sunday, March 02, 2008
Gold Thrust to Break the Magic $1000 Number Imminent / Commodities / Gold & Silver
By: Merv_Burak
You can't argue with success. The thrust by gold to get to that magic $1000 number looks within the grasp. Who knows? Another week or two just might do it.
GOLD : LONG TERM
Last week I showed the long term P&F chart. With this past week's action another two Xs could be plotted on the chart. This week I show the Very Long Term chart, or what I refer to as a very long term. It is my weekly chart with a simple 52 week moving average line and a 52 week RSI. It provides another simple view of the long term trend and position of the gold price.