Category: Gold & Silver
The analysis published under this category are as follows.
Saturday, March 01, 2008
Gold and Silver Trend Recharged by US Dollar Weakness / Commodities / Gold & Silver
By: Jim_Willie_CB
One week ago, my forecast did not come to pass for a euro currency sell off, and for a pound sterling sell off. Even the Aussie Dollar forecast of a sell off failed. In fact, in a convincing fashion, all three forecasts were shattered. What happened? Wrong read of the price pattern with indicators? Not really. Wrong assessment of high priority signals? Surely, yes. By that is meant, during a strong GOLD TREND, and WEAK USDOLLAR TREND, cyclical indicators tend to carry less importance in predictive power. Read full article... Read full article...
Friday, February 29, 2008
Central Banks Gold Sales Reduced by 400 Tonnes? / Commodities / Gold & Silver
By: Julian_DW_Phillips
When it was learned that the Treasury was to support the sale of 400 tonnes of gold all were surprised. We realized that Congress would still have to be asked to approve the sale. When the mist cleared and we saw in sharp focus what lay ahead we realized that much more needed to be done before the sales became a reality. These are the steps still to be overcome for these sales to take place: Read full article... Read full article...
Friday, February 29, 2008
Gold New Record High As Dollar Collapses / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight record high above $975 per ounce in London on Friday, setting a new all-time high at the AM Fix as the global bid for physical assets contrasted with another down day for listed stocks. The Gold Price in Pounds Sterling also set a new record Fix at £488.87 per ounce, while the Euro gold price was capped at its fourth highest level.
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Friday, February 29, 2008
Gold Strong on Bernanke's Warning of Bank Failures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 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 but have fallen from record highs of $975.75 and $19.92.Gold strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.
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Friday, February 29, 2008
What Do Precious Metal Investors to Do Now? / Commodities / Gold & Silver
By: Investmentscore.com
Consider the following hypothetical scenario and typical investor conundrum: The price of precious metals is grinding higher, catching the attention of new investors to the sector. The price of silver and gold are well above their 50 and 200 day moving averages and many of these new investors seek opinions on how to proceed. Notice that most commentators are bullish, and price movements do not appear to have reached extreme levels in comparison to past price movements. But now what do you do? If an investor buys in now they risk a drop in the currently advancing price but if they wait they risk missing out on the next let up. Read full article... Read full article...
Thursday, February 28, 2008
Gold Accelerating Towards Blow off Top / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold Shares (NYSE: GLD) ETF has accelerated into my preferred target zone at 95.00-96.50 for the conclusion of the current upleg that started earlier this week after testing the 92.00 area twice. Right now, the pattern and momentum work point higher -- towards the top of the Jan-Feb channel near 96.50, and if this advance follows the usual rules that govern price behavior in channel analysis, then the GLD likely will pop through the upper channel line (above 96.50) in a blow-off type of completion of the current upleg. At this juncture, only a decline that breaks below 94.50 will begin to neutralize additional upside expectations. Read full article... Read full article...
Thursday, February 28, 2008
Gold: "Buy the Dips" Advised as Dollar Slides on Terrible US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF physical gold bullion spiked to $962.50 per ounce just ahead of the US open on Thursday, standing 1.5% higher for the week so far as European stock markets dropped another 1%.
Crude oil rose above $102 per barrel, while Wall Street futures slumped on the weakest GDP data since 2001. Initial US jobless claims for the week-ending last Friday came in 6.5% ahead of forecast.
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Thursday, February 28, 2008
Silver Now Outperforming Gold / Commodities / Gold & Silver
By: Roland_Watson
As readers may know, silver has put in a sterling performance this week and has outperformed gold into the bargain. The prediction that silver will eventually outperform gold as the precious metal bull market reaches a new zenith point is being fulfilled before our very eyes.
In my last article, I pointed out that the net short commercials may well begin to feel the heat and begin their third capitulation of this 5 year old silver bull market. Indeed, if they haven't began to cover at cents below $20 an ounce, the sense of urgency brought on by mounting financial losses must be as loud as a roaring silver bull bellowing right into their ear holes.
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Thursday, February 28, 2008
Gold Strong on Dollar Weakness Leading to Stagflationary Environment / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $12.50 to $958.70 per ounce in trading in New York yesterday and silver surged another 54 cents to $19.20 per ounce. In Asian and early European trading, gold and silver remain well bid and have consolidated near these new respective record and 27 year high levels.Gold strengthened in British pounds and fell slightly in euros. The London AM Fix at 1030 GMT this morning was at $957.00, £483.09 and €634.07.
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Wednesday, February 27, 2008
Did Your Analyst Keep You Invested In Gold? / Commodities / Gold & Silver
By: Peter_Degraaf
When prices rise exponentially, as they are doing now, the temptation is to take profits and wait for a pull-back. Especially when the analyst you happen to follow, tells you that gold and silver are ‘overbought'.
In November of 2007, while gold was trading at 804.00, I wrote an article titled: “Gold and Silver, prepare to back up the truck”. (Available in the archived section). At the time a lot of analysts were quoted as saying that gold was ‘overbought'.
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Wednesday, February 27, 2008
Demand Building for Gold and Silver as Currency of Legal Tender for Merchant Services / Commodities / Gold & Silver
By: Alex_Wallenwein
" Gold & Silver Accepted Here"- The fact that euros are accepted by many stores in New York City has made the news lately and is well known in gold investor circles. It is yet another symptom of the ongoing demise of the US dollar. The good news for these New York City merchants - and for all others nationwide - is that gold and silver will not be far behind and offer far better advantages as dollar-alternatives.
You may think that honest-to-goodness currency demand for gold and silver is non-existent in the US and that this will remain so until the legal tender laws are repealed (as currently proposed by Representative Ron Paul's dual HR 42756 and HR 4683 approach) - but that is not necessarily true. Such demand will soon begin to build, regardless of Ron Paul's efforts in Congress - and it will take off very fast.
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Wednesday, February 27, 2008
Gold and Silver Surge Higher on Bad US Economic Data / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $8.70 to $946.10 per ounce in trading in New York on Friday and silver surged 58 cents to $18.66 per ounce. Gold particularly continued to surge in Asian and early European trading. Gold also surged in British pounds and euro. The London AM Fix at 1030 GMT this morning was at $958.75 and gold fixed at new record highs in most major currencies - at£481.62 and €636.32.Read full article... Read full article...
Wednesday, February 27, 2008
New High for Gold on Euro Break Above $1.50 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHSYICAL gold bullion leapt to new record highs above $964.50 per ounce early in London on Wednesday, gaining more than 3.9% from Tuesday's low as European stock markets slipped back and the US Dollar slid towards new all-time lows on the currency markets.Breaching $1.50 for the first time ever today, the European single currency has now gained 12.7% versus the Dollar since the US Federal Reserve began slashing its interest rates in Aug. 2007.
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Wednesday, February 27, 2008
Is the Gold Bull Market Unstoppable? / Commodities / Gold & Silver
By: Bob_Kirtley
As we watch the trading session winding down in New York we can see gold and silver have had a tremendous day, with gold starting out at $935/oz and progressing to touch $950 as we write. Read full article... Read full article...
Tuesday, February 26, 2008
Gold Bull Market Continues On A Roll! / Commodities / Gold & Silver
By: David_Vaughn
Gold continues to perform beyond all expectations. Many readers are angry because they believe gold is climbing too high too fast. Blame it ultimately on the US dollar. I believe Friday gold climbed as high as 950 before resting comfortably at 944 an ounce. What goes on here? Why does gold continue to climb like this? We are almost at 1,000 an ounce and gold shows no weakness.Read full article... Read full article...
Tuesday, February 26, 2008
Gold Bounces on US Wholesale Inflation Hitting 26 Year Highs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced from a four-session low at the London opening on Tuesday, recovering two-thirds of the week's 2.8% losses to date on news that producer-price inflation for US industry rose last month at a 26-year record clip. Wholesale prices increased 1% in Jan. said the Labor Dept. just ahead of the Wall Street open, twice the pace expected by private economists. Now running at 7.4% year-on-year, wholesale price inflation was last seen at these levels in the fall of 1981.
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Tuesday, February 26, 2008
IMF Proposed Gold Sale Looks Doubtful / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $7.30 to $937.40 per ounce in trading in New York on Friday but silver was up 10 cents to $18.08 per ounce. Gold continued to weaken in Asia but has strengthened somewhat in early European trading and is trading at $934.10 per ounce.Another mooted IMF gold proposal (more below) may have led some weak longs to liquidate positions yesterday. But after recent week's surge in gold and last week's sharp (4.5%) increase in the price of gold, the market was overbought in the short term and ripe for a correction. It was interesting that silver has remained strong despite gold's less than 1% sell off.
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Monday, February 25, 2008
How High Can Gold Go? / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1 to $944.70 per ounce in trading in New York on Friday but silver was up 10 cents to $18.00 per ounce. Gold rose close to new nominal record highs in early European trading ($951.90) and silver rose to new 27 year highs ($18.15) . Last week gold was up by more than 4.5% (more than $40) as fears regarding burgeoning inflation and indeed stagflation began to permeate financial markets. Silver was even stronger and was up by 5% on the week. Read full article... Read full article...
Sunday, February 24, 2008
Monetary Inflation Feeding Precious Metals Bull Markets- The Bubble Inside the Bubble / Commodities / Gold & Silver
By: Joe_Nicholson
“Despite seasonality beginning to work against gold and silver, there is no bearishness or call to short here. Copper could be set to break out of a multi-year consolidation.” ~Precious Points: Bull Markets in Metals, February 16, 2008
It would be easy to give the most unabashedly bullish picture for metals week after week. The temptation to do so is very real given that I've been a believer in the metals story since before the subprime meltdown, before the faintest whisper of a possible crisis in exotic credit-based derivatives began appearing on the web (but nowhere in the mainstream commercial media). But this week, 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.
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Sunday, February 24, 2008
Gold Push to New Highs Lacks Strength / Commodities / Gold & Silver
By: Merv_Burak
The price of gold continues into new highs BUT the strength of such recent move keeps getting weaker. Either the strength needs to improve soon or the weakness may dominate.
GOLD : LONG TERM
I thought it was time to check in again on the long term P&F Chart. Since we last looked in on it we have gone though a consolidation period and have broken into new highs. Most important, the action has now given us a higher value as a major support which, if breached, may give us a bear market reversal signal.