Category: Gold & Silver
The analysis published under this category are as follows.
Tuesday, January 29, 2008
Gold Parabolic Rally on Monthly Chart Flashes Warning to Gold Bulls! / Commodities / Gold & Silver
By: Ned_W_Schmidt
Pleased to announce that votes are in. Ineptness Award for first century of Federal Reserve's existence goes to Bailout Bernanke and his Buckaroos. Last week's interest rate cut cinched it for them. Did the FOMC cut U.S. interest rates because of falling global financial markets or was it pure politics? Reports suggest that FOMC was not even aware of Societe Generale's selling of portfolio problems. Read full article... Read full article...
Tuesday, January 29, 2008
The Time For Gold Is Now! / Commodities / Gold & Silver
By: David_Vaughn
How about that gold price?
Right now it seems to be sticking around the 900 range. I wonder what's happening? Could there be “turmoil” in the financial markets? Let's see what the press has to say about present market conditions. Just what is happening in the financial realm around us?
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Tuesday, January 29, 2008
Gold Hits New All Time High as Stock Markets Continue Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES shot higher yet again in London early Tuesday, hitting a new all-time high of $933 per ounce as global stock markets continued to bounce from last week's sell-off, albeit in thin trade."It's a big week on the calendar," notes Nick Hodson at Lloyds TSB Private Banking in London. "There is not going to be a great deal of volume in equities ahead of the Fed's interest-rate decision tomorrow."
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Tuesday, January 29, 2008
Gold Surges on Prospects of US Interest Rate Cut / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $16.40 to $926.90 per ounce in trading in New York on Friday and silver was up 27 cents to $16.68 per ounce. Both rose to new highs in the early hours of Asian trading overnight and gold surged to new highs at $932.95 in early European trading.Read full article... Read full article...
Tuesday, January 29, 2008
GATA Gold Rally Targets $1000 / Commodities / Gold & Silver
By: Peter_Degraaf
For the next few weeks or months, analysts will likely refer to the latest rise in the gold price, which started today, as the GATA RALLY.
As some of you know, this Thursday, the Wall Street Journal will carry a full-page advertisement paid for by GATA. The headline of the article will read: “Anybody seen our gold?”
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Monday, January 28, 2008
Buy Gold on Correction Towards $850 / Commodities / Gold & Silver
By: Fat_Prophets
"..the most secure form of gold ownership is to actually take physical possession of the gold."
Unless you've decided not to read our reports after taking out a subscription, Members will be well aware of our constant recommendations to buy gold and or gold stocks. Buying gold stocks is relatively easy. Where there seems to be some confusion is in how to buy bullion.
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Monday, January 28, 2008
Silver Market Supplies in Surplus? / Commodities / Gold & Silver
By: Roland_Watson
I want to address a recent publication which has raised concerns amongst silver investors. It is The Silver Book for 2008 published by the VM Group.
The main item I want to address is the statement in that document that the silver market was in surplus in 2007 by 6,141 tonnes or over 197 million ounces. That is a lot of silver; in fact it constitutes about 18% of their estimated mine and scrap supply for 2007. Does this seem a lot of silver to you? It certainly did to me!
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Monday, January 28, 2008
Gold Boosted by South African Power Outages / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $3.50 to $910.50 per ounce in trading in New York on Friday and silver was up 16 cents to $16.41 per ounce. Both surged again in the early hours of Asian trading overnight and gold rose as high as $921.35 and it remains near record highs in early European trading.Gold was up 3.4% last week and silver was up nearly 2% and both are up some 10% year to date. In normal market conditions, correction and consolidation would be expected and likely. However, these are not normal market conditions – and that is putting it mildly.
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Monday, January 28, 2008
Gold Weakens as Stock Markets Slump At Start of Week / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved sharply in a $10 range early Monday, hitting $921.50 overnight in Asia – more than 1% above Friday's close – before slipping back to record an AM Fix in London of $916.50 per ounce.Read full article... Read full article...
Sunday, January 27, 2008
Gold Technical's Suggest Downtrend is Looming / Commodities / Gold & Silver
By: Merv_Burak
Despite a 3.4% gain on the week one gets the impression that gold is ready to go lower. That's not what most analysts are saying. Who to trust? I always prefer the charts to tell me where gold is going not where it should go.
GOLD: LONG TERM
The long term continues in its bullish mode with some hints of weakness but no overriding concern. Gold continues to trade well above its long term moving average line and the line continues to slope upwards. The long term momentum indicator continues in its positive zone above its positive sloping trigger line but is showing some minor hint of weakness by not making a new high with the gold price. The volume indicator is also above its positive sloping trigger line but below its previous high and not confirming the gold move to new highs. The long term P&F chart continues to move higher with no hint of a reversal in the works. So, from the long term point of view the only rating that I can give this time period is a BULLISH rating.
Sunday, January 27, 2008
Gold - You Can't Keep a Good Metal Down / Commodities / Gold & Silver
By: Joe_Nicholson
“The first resistance level in gold [is] at about $890, while … support [is] at about $861. The wide latitude … represents a range for traders. With additional rate cuts almost undoubtedly on the way, it's reasonable to see a more triangular correction in gold, if not new highs before the end of the quarter. That said, it's important to understand that even a larger degree triangle, as opposed to a deeper selloff, could still see gold trading to the $775-780 area in relatively short order. Those who've ridden this high should appropriately see themselves closer to the end of this move than the beginning.” ~ Precious Points: Let Them Eat Cake! January 18, 2008Read full article... Read full article...
Saturday, January 26, 2008
Response to the Anti-Gold Gospel / Commodities / Gold & Silver
By: Professor_Emeritus
Anatole Kaletsky is the author of the most recent Anti-Gold Gospel ( www.gavekal.com , January 21, 2008.) He is an establishment journalist, Associate Editor (formerly Economics Editor) of The Times . He says that he instinctively dislikes gold because “historically gold has been a terrible investment and, even in the short term, gold has failed as a store of value”. I am satisfied to leave this statement to stand on its own, and wish Kaletsky good luck in seeking a better store of value in fiat currencies.
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Friday, January 25, 2008
$150 Billion Stimulus Package Positive for Gold / Commodities / Gold & Silver
By: Julian_DW_Phillips
Volatile was the word this week in equity and currency markets across the world. The average investor -- whether institutional or individual -- does not like to feel uncertain. So we protect ourselves from it the best we can. The results were that global markets acted on the worst-possible scenario. At the beginning of the week there was recession with the potential to get worse. Then came the 0.75% cut in Fed Fund rates. Together with talk around the $150 billion tax breaks from the White House, this was expected to send the global economy back on the growth track -- even though it would be at the expense of the USD. But hope wasn't enough. But markets are not falling and have recovered to a large extent, so far. But investors are still jaundiced by the realities of the moves.Read full article... Read full article...
Friday, January 25, 2008
Gold Outlook Strong As Global Credit Crisis Worsens / Commodities / Gold & Silver
By: Gold_Investments
Gold rallied $22.20 to $907 per ounce in trading in New York yesterday and silver surged 45 cents to $16.25 per ounce. Both rose again in late Asian trading overnight, and in early European trading gold has surged to new record highs at $923.60. Gold has now surged to new record highs in all major currencies.Read full article... Read full article...
Friday, January 25, 2008
Silver - Not too Late to Hedge Against Dollar Stock Market Investment Losses / Commodities / Gold & Silver
By: Roland_Watson
Like many silver and gold investors, my eyes were glued to the ticker tape this week wondering how silver and its derivative stocks would fare during this downturn in the global markets. To think that silver would be unaffected would be naïve but of course the question was in which way would it be affected? Would it go up, down or move in a channel? Read full article... Read full article...
Friday, January 25, 2008
Gold Surges to New All-time High as South Africa Suspends ALL Gold Mining / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose 1.3% overnight Friday, reaching new all-time highs above $923 per ounce as all gold-mining operations in South Africa – the world's No.2 gold producer – were shut down by a power shortage.State-owned energy firm Eskom today told mining giants AngloGold Ashanti , GoldFields and Harmony that it can not guarantee current power supplies to their mines.
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Thursday, January 24, 2008
Gold Bull Trap Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
My near and intermediate-term work is warning me that 3 session climbs from $850 to $911 (so far) in spot gold will turn out to be a trap (bull trap) and part of a near-term topping process just above $900, prior to another bout of corrective weakness that presses prices into the $800-$770 area in the weeks ahead. The upleg pattern off of the August 2007 low at $641.00 to the January 14th high at $914.00 exhibits the look of completion. In addition, the heretofore reliable 15-18 week cycle (low to low) is now in its 8th week.Read full article... Read full article...
Thursday, January 24, 2008
Gold and Stock Markets Surge on Monolie Bond Insurers Rescue Plan / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET gained 0.8% to break above $900 per ounce in London on Thursday, while European stock markets posted their biggest one-day gains since the Tech Stock Crash bottomed in March 2003.
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Wednesday, January 23, 2008
Mining Stocks Dragged Down By Stock Market Panic / Commodities / Gold & Silver
By: Investmentscore.com
As investors, one of our main goals is to keep various market movements in perspective. The Canadian TSX stock exchange fell over 600 points, leaving many investors with a feeling of panic. As mining equities were dragged lower in the down draft of the TSX fall, many precious metals investors questioned their decision to invest in commodities and now wonder if the bull market is over.Read full article... Read full article...
Wednesday, January 23, 2008
Gold Rallies, European Equities Miss Out on the US Interest Rate Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady on Wednesday morning in London , recording an AM Fix just off the overnight low of $887.80 per ounce while European stock markets continued to fall despite yesterday's emergency rate cut by the US Federal Reserve.All 30 economists surveyed by Bloomberg News now expect the Bank of England to cut its key lending rate to 5.25% when it meets on Feb. 4th. "From a European perspective," agrees Amit Kara, an economist at UBS, "the Fed cut [also] adds to the risk of more and quicker rate cuts here.
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