Category: Gold & Silver
The analysis published under this category are as follows.
Wednesday, February 06, 2008
Gold Price About to Pull Back / Commodities / Gold & Silver
By: Brian_Bloom
The charts are not telling a particularly happy story at present.
The attached chart (decisionpoint.com ) tells me that $XAU may start to rise sharply relative to gold. More likely, because the shares have been underperforming, the gold price is likely to pull back sharply relative to shares. The shares may have been right all along.
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Tuesday, February 05, 2008
Gold Heading for Support $850 to $860 for Good Buying Opportunity / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $4 to $903.90 per ounce in trading in New York yesterday and silver was down 6 cents to $16.73 per ounce. Gold traded sideways in Asia but has sold off in late Asian and early trading in Europe and is down to $890. Silver has also fallen and is down to $16.56 per ounce.
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Tuesday, February 05, 2008
Gold Plunges below $900 On US Dollar Rally / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD for immediate delivery sank at the start of London trade for the second day running on Tuesday, losing $14 per ounce to bounce off a two-week low of $888 as the US Dollar and Japanese Yen rose sharply on the currency market and world equities continued to tick lower from Monday's 1% drop on the S&P.Read full article... Read full article...
Monday, February 04, 2008
Precious Metals Investors Sit Tight - The Dow / Gold Ratio Story / Commodities / Gold & Silver
By: Captain_Hook
Don't say you were not warned. Warned about what? The coming depression in the global economy perhaps? No – that's not what I am referring to; however, this should be a very big concern to all never the less. Could it be an impending derivatives debacle emanating in the States due to an unexpected bond market implosion brought about by investor concern? No – that's not it either; but again, this is an item everybody should be concerned about considering implications for housing, credit markets, and the economy at large in turn. And certainly these are all legitimate and significant concerns worthy of warning.Read full article... Read full article...
Monday, February 04, 2008
Gold is the Ultimate Safehaven as Mega Shift to Hard Assets Continues / Commodities / Gold & Silver
By: Aden_Forecast
Gold Record Highs Keep Coming!Gold surged above $850 to new record highs as the new year began. This is exciting but gold could become even more exciting now that it's in uncharted territory.
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Monday, February 04, 2008
Gold Healthy Correction After January Gains / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $15.30 (or 1.7%) to $907.90 per ounce in trading in New York on Friday and silver was down 8 cents to $16.79 per ounce. Gold traded flat to slightly up in Asia and has sold off in early trading in Europe and is down 0.77% to $902. Silver has also fallen and is down to $16.70 (-0.7%) per ounce.Read full article... Read full article...
Monday, February 04, 2008
Gold Falls Below $900 as Global Stock Market Bounce Continues / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sank at the start of London trade on Monday, adding to Friday's sharp losses and dropping $12 per ounce from an overnight rally in Asia to fall below $900 for the first time in seven sessions.As the wave of sell orders pushed physical Gold Bullion as low as $897.20 before a rebound to $903, world stock markets continued Friday's rally, pushing Europe's 300 largest blue-chips some 0.9% higher by lunchtime in Frankfurt.
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Sunday, February 03, 2008
Gold Short-term Weakness, Long-term Bullish / Commodities / Gold & Silver
By: Merv_Burak
A generally okay week BUT with a weak momentum and a collapse on Friday. Let's see if it is of any REAL significance.
GOLD : LONG TERM
The long term P&F chart made a new high X during the week and continues in a bullish trend. There is yet no hint of trouble from the P&F chart but it would not show it for some time. We go to the normal indicators to see if there is any hint of a problem.
Sunday, February 03, 2008
Silver Set for Major Advance towards $30 Within Next Two Months / Commodities / Gold & Silver
By: Roland_Watson
Silver continues to advance this week into the $17 territory and onto a level somewhere we believe in the $20 to $30 range. That difference between $20 and $30 is a lot to investors who are especially leveraged to silver through stocks, options and futures but also to those who hold large quantities of silver be it in ETFs, pool accounts or in other secure deposits.
At this point let me give a brief update on how one of our indicators is getting on. I call it the RMAR or "Relative Moving Average Refined". This technical analysis indicator is a sell signal generator working in the multi year range. Typically a sell signal is flagged every few years depending on whether gold and silver is in a major bear or bull market.
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Saturday, February 02, 2008
Gold: New Month, New Direction? / Commodities / Gold & Silver
By: Joe_Nicholson
“Though gold moved to record highs again this week, that doesn't rule out the possibility of a corrective phase having begun earlier this month. A simple three-wave correction could climb as high as $940-950 before being invalidated. Any failure of a pre- or post-Fed rally in this area would suggest a five-wave decline to about $800-830. The Fed… has lost the appetite for disappointing the markets. Though the rate-cut should suggest further upside in metals, this is the context in which readers should… act. Though silver could reach $17.40-17.50 before invalidating a return below $10, support between $12-$15 , especially in the strong band in the $13.75-14.25 area, tends to support further upside.” ~ Precious Points: Can't Keep a Good Metal Down, January 26, 2008
Saturday, February 02, 2008
"Wisdom of Crowds" Helps Explain Gold's Price Climb / Commodities / Gold & Silver
By: Frank_Holmes
All around the world, investors believe in gold.
If you ask them why, you will get a number of explanations and a level of conviction that has endured despite opinions of many “experts” that gold was overpriced at $500, then at $600, and so on until it reached and passed $900.
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Saturday, February 02, 2008
Gold Investments Weekly Update - Strong Support Suggests Shallow Correction / Commodities / Gold & Silver
By: Mark_OByrne
Gold was due a much needed breather and a correction after the 10% increase in value in January. Considering the speed of gold's move up in recent weeks it is surprising that gold has only sold off by a small margin today ( by less than 2%). Compared to the sell off in equities in recent weeks gold's sell off has been orderly and less sharp.Read full article... Read full article...
Friday, February 01, 2008
Gold Takes a Hit - Early Phase of a Significant Downtrend / Commodities / Gold & Silver
By: Mike_Paulenoff
The gold market is taking a big hit today, despite the weaker economic data that initially triggered a decline in the dollar closer to 1.5000 versus the Euro... Very interesting action, indeed, and not particularly gold-friendly, I might add. Let's take a look at the GDX (Market Vectors Gold Mining ETF)... Read full article... Read full article...
Friday, February 01, 2008
Gold Monthly Close Above $900 Could Signal Profit Taking Ahead of $1000 / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $2 to $923.20 per ounce in trading in New York yesterday and silver was up 17 cents to $16.87 per ounce. Gold traded flat to slightly up in Asia and then surged in early trading in Europe (from a low of $924 to $936.70) Silver surged to new highs at $17.28.Read full article... Read full article...
Thursday, January 31, 2008
Gold $1000 by June 2008 As Fiat Currencies Race to the Bottom / Commodities / Gold & Silver
By: Jim_Willie_CB
Quick Note: My math was done last week on a dirty napkin. The ‘AAA' index on credit default swaps for mortgage bonds perhaps is not indicative of prime mortgages, my error in pasted title for the graphic. Mea culpa! The index contains a mix of subprime slime slices in tranches, for some odd reason. Also, those high quality indexes are actually time stamped, with the most recent being the hardest hit. They contain the immediate decline in recent housing prices, the most recent defaults, without benefit of some home collateral appreciation. My attitude is firm though, that the swap contracts of age one year will lose a similar amount, like 30%. Give them time. Ditto for the swap indexes of age two years. The recent mortgage indexes are excellent forward indicators for the older ones. Read full article... Read full article...
Thursday, January 31, 2008
Gold Heads for Monthly Close above $900 as US Economy Heads for Stagflation / Commodities / Gold & Silver
By: Gold_Investments
Prior to the Federal Reserve's 50 basis point interest cut to 3%, gold was down $3.60 to $921.20 per ounce in trading in New York yesterday and silver was down 4 cents to $16.74 per ounce. Gold surged (from $920 to $934.25) to new record highs after the interest rate decision at 2:30 p.m (1930 GMT) in after-hours trading on the Comex division of the New York Mercantile Exchange (NYMEX). Silver surged to new highs at $16.87.Read full article... Read full article...
Thursday, January 31, 2008
Gold Buying Strong as Stock Markets Lower on Recession and Inflation Concerns / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for immediate delivery of physical metal moved sideways early Thursday, holding between $920 and $927 per ounce as global stock markets fell despite yesterday's fresh injection of cheap money from the US Federal Reserve.Read full article... Read full article...
Thursday, January 31, 2008
China Earn's Interest by Shorting Silver / Commodities / Gold & Silver
By: Professor_Emeritus
Even the most rabid silver bugs admit the possibility that the Chinese are the Big Silver Shorts. This suggests that the Big Gold Shorts are also governments. Neither are naked by any stretch of the imagination. The double whammy of gold and silver accumulation by unnamed governments is the big puzzle of the present financial crisis in the world as it holds the key to the resolution.
For a better understanding of the Chinese silver picture you have to know a little background of the role of silver in China. The facts are as follows. China has been on a silver standard since time immemorial. China stayed on the silver standard after other trading nations of the world demonetized silver and embraced the gold standard at the end of the 19th century.
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Wednesday, January 30, 2008
Gold to Surge towards $1000 on Today's US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Mike_Clark
Gold was down $2.60 to $924.80 per ounce in trading in New York yesterday and silver was up 6 cents to $16.74 per ounce. Both rose to new highs yesterday and have traded sideways to slightly down in Asian and European trading. A monthly close above $900, the first ever, would obviously be very bullish from a technical point of view.Read full article... Read full article...
Wednesday, January 30, 2008
Gold Drifts Ahead of US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sat tight in a $6 range early Wednesday, bouncing 1.3% below yesterday's new record high before recording an AM Fix in London of $923.75 per ounce as the world's stock markets ticked lower in quiet trade."All eyes today are on the upcoming US rate decision," says Brandon Lloyd for Mitsui in Sydney , "widely expected to lower rates again to support the aggressive 75-basis point emergency cut last week.
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