Category: Gold & Silver
The news items published under this category are as follows.
Wednesday, December 31, 2008
Gold Shines Following Feds Fight Against Deflation / Commodities / Gold & Silver
By: Money_Morning
Don Miller writes: The currency markets reaction to the Federal Reserve's recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar. Read full article... Read full article...
Wednesday, December 31, 2008
Stocks Suffer Record Loss for 2008 Whilst Gold Gains / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION slipped into the New Year's shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce.Read full article... Read full article...
Tuesday, December 30, 2008
U.S. Government Sanctioned Gold Price Manipulation / Commodities / Gold & Silver
By: Rob_Kirby
The Office of the Comptroller of the Currency just released its Q3/08 Quarterly Derivatives Fact Sheet today. Here is one of the highlights:
Take a look at J.P. Morgan's gold derivatives [futures] position, paying particular attention to how the < 1 yr. position changed from the end of Q2/08 to the end of Q3/08:
Read full article... Read full article...
Tuesday, December 30, 2008
Central Banks Fight to Prevent Hyperinflation by Manipulating Gold Price / Commodities / Gold & Silver
By: Rob_Kirby
The global gold trade – or at least its price discovery – is historically and primarily conducted on major exchanges; primarily at the London Bullion Market Association [LBMA] and to a lesser extent the New York Commodities Exchange [COMEX]. Read full article... Read full article...
Tuesday, December 30, 2008
Gold Investors Ending 2008 in Profit / Commodities / Gold & Silver
By: Adrian_Ash
THE WHOLESALE PRICE OF PHYSICAL GOLD slipped in London on Tuesday, retreating 2% from yesterday's early 11-week high to trade at $871 an ounce.
World stock markets rose and crude oil fell in thin holiday trade. Bond prices pushed higher again, driving yields still further below inflation.
Read full article... Read full article...
Friday, December 26, 2008
Gold Secular Bull Market Investing Fundamentals / Commodities / Gold & Silver
By: Zeal_LLC
Gold belongs in every investor's portfolio. It is totally unique among financial assets, a physical metal commanding timeless and universal intrinsic value. It is a rock of stability in a chaotic world, a stark contrast to the complex web of mere promises to pay that is our modern faith-based financial system. Without gold, true diversification and protection from systemic risk is impossible.
Gold's fundamentals are dazzlingly bullish. Like everything else on the planet that is freely bought and sold, gold's price today and in the future is a direct function of its supply and demand. As long as its global demand exceeds its global supply on balance, gold's price will continue powering higher in its secular bull. While it has already come far from its humble beginnings in the $250s in April 2001, it has a long way to run yet.
Read full article... Read full article...
Friday, December 26, 2008
Silver and Gold More Than Just A Christmas Carol / Commodities / Gold & Silver
By: Oxbury_Research
Silver and gold, silver and gold
Ev’ryone wishes for silver and gold
How do you measure its worth?
Just by the pleasure it gives here on earth
... or so goes the well-known Christmas carol you've probably heard several times already during this holiday season. But aside from the decorations in your home and office, how much gold do you actually own right now in your portfolio?
Read full article... Read full article...
Wednesday, December 24, 2008
Gold Trends Lower as Financial Markets Shutdown for Christmas / Commodities / Gold & Silver
By: Andy_Sutton
SPOT GOLD slipped into London's long Christmas break on Wednesday but held inside a tight range, dropping $5 an ounce at the AM Gold Fix of $836.75 as world stock markets also fell in thin holiday trade.The London Bullion market – center of the world's wholesale dealing – is now closed until Monday 29th Dec. European stock markets, like New York, close at lunchtime.
Read full article... Read full article...
Monday, December 22, 2008
Inflation or Deflation, Look to Gold for the Answer / Commodities / Gold & Silver
By: David_Vaughn
Our world is becoming ever more a dangerous place to live. Now, our own president cannot carry out his duty without having to swerve to avoid a thrown shoe. But, wow, did it leave his hair disheveled. Needs a haircut anyway. Too long and shaggy. George, look out for those thrown shoes! But what about that debate over who will take precedence…deflation or inflation?Read full article... Read full article...
Saturday, December 20, 2008
Gold Backwardation Forward Thinking / Commodities / Gold & Silver
By: Professor_Emeritus
In an earlier article Backward Thinking on Backwardation I explained that backwardation in gold is the flipside of the phenomenon of a drastic contraction of world trade and employment. This brings out the danger in denying the fact of gold backwardation or to belittle its significance, as most observers seem to be doing. I am reminded of the saying of the Swiss educator F.W. Foerster: "if you don't use your eyes for seeing, later you will use them for weeping." In this article I want to enumerate the reasons why I believe that permanent backwardation in gold would bring about the descent of our civilization into lawlessness similar to that following the collapse of the Western Roman Empire. Read full article... Read full article...
Saturday, December 20, 2008
Gold's Inverse Relationship to the U.S. Dollar / Commodities / Gold & Silver
By: Merv_Burak
As the U.S. $ Index and the price of gold bullion seem to be moving in opposite directions one wonders once more who is leading and who is following (albeit in opposite direction)? More importantly, where is each going? Read full article... Read full article...
Saturday, December 20, 2008
Physical Silver- Where is it? / Commodities / Gold & Silver
By: David_Morgan
I received a phone call from Tarek Saab, a former finalist on Donald Trump's television show, The Apprentice . At first I was a bit suspicious because, believe it or not, there are a few flakes floating around the gold and silver arena, and having someone claim to be associated with The Donald did send up warning flags. I must state, however, that perhaps to an outsider, all gold and silver bugs probably seem nuts!Read full article... Read full article...
Saturday, December 20, 2008
The Future of Silver- TELEPATHIC interview with Adam Smith / Commodities / Gold & Silver
By: Robert_Singer
Robert Singer, recently proclaimed a Junior Mogambo Ranger (JMR) interviews Adam Smith, telepathically. I got out my new Matrix Mind-ray Scanner, delivered before The Sharper Image and our way of life filed for bankruptcy and Googled “who is the founding father of economics”. Results: Richard Cantillon, Alexander Hamilton and Adam Smith. I never heard of Cantillion and Hamilton is the father of Crony Capitalism. I selected Adam Smith and set the device on “Interview” and typedRead full article... Read full article...
Friday, December 19, 2008
Massive U.S. Dollar Devaluation Against Gold During 2009 / Commodities / Gold & Silver
By: John_Browne
The Federal Reserve estimates that in the past year losses in real estate, stocks and mortgages have sucked out some $7.2 trillion of wealth from the U.S. economy. Some are now putting the figure at $20 trillion. A massive recession is starting and will likely spread throughout much of the world. These forces have exerted their classic strong downward pressure on the price of gold.Read full article... Read full article...
Friday, December 19, 2008
Gold Stock Vs Paper Fiat Asset Valuations / Commodities / Gold & Silver
By: Adrian_Ash
"...Yes, the numbers of rough. But people choose gold when paper collapses in value..."
RUNNING into YEAR-END 2008 with a hatful of fears, losses, hope and questions?
Read full article... Read full article...
Friday, December 19, 2008
Analysis of the Relationship Between Gold and Crude Oil Price Trend / Commodities / Gold & Silver
By: John_Lee
As I toured around the world to talk about the merits of gold during the last several years, the same question was posed to me over and over again
"John, oil is $80, $100, $150 a barrel, why hasn't gold lived up to its reputation as a hedge against inflation?"
Read full article... Read full article...
Friday, December 19, 2008
Gold 2009 Trend Unknown Due to Global Deflation and ZIRP / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of gold tumbled in Asia and London on Friday morning, sliding $42 from yesterday's top – and cutting this week's gains by four-fifths to 1.5% – as stock markets also sank despite fresh rate cuts from the world's No.3 central bank. Read full article... Read full article...
Friday, December 19, 2008
Silver to Outperform Gold During 2009 as World Faces Deflationary Meltdown / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell yesterday on a bounce in the dollar and renewed weakness in the oil and commodity markets. While gold has clearly decoupled from oil and commodities in recent weeks, due to its safe haven currency credentials, oil and the commodities can still effect gold’s performance in the short term. As can weakness in stock markets. Gold trading on the COMEX in the US opening hours has been increasingly correlated with stock markets in recent weeks and months . This correlation with stock markets is however of a short term nature as can clearly be seen in gold’s outperformance of equity markets in recent months and years.Read full article... Read full article...
Thursday, December 18, 2008
Backward Thinking on Gold Futures Backwardation / Commodities / Gold & Silver
By: Professor_Emeritus
On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but widened to 0.36% in the February contract. 12,673 contracts remain for tender in December, including an additional 37 contracts since last Friday. The discount on the December futures was 50¢ offered to those owners of physical gold who would transfer the carry to the market for the remaining 14 in December, or 60¢ for the 72 days deferred delivery for the February contract. Read full article... Read full article...
Thursday, December 18, 2008
High Silver Premiums and Comex Delivery / Commodities / Gold & Silver
By: Roland_Watson
This article is intended as a follow up to the large number of emails I received after my article on high premiums on retail bullion silver. Needless to say, not everyone was in agreement with me and that was the majority! But first, I was in contact with a large bullion provider in London with whom I have dealt with in the past. Like other dealers they have experienced high demand and they too have had to put the "Sold Out" sign on silver bar products. I put the obvious question to them, " Is this a silver shortage? " to which he replied " Don't believe the hype! ". Read full article... Read full article...
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...
Friday, December 12, 2008
Gold Rises as Central Bankers Choose Inflation Solution / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE GOLD held inside a tight $10 range early in London on Friday, nearing the week-end almost 8% above last week's close for US investors.World stock markets sank, meantime, losing 5.5% in Tokyo and dropping 5% in Paris, after the US Senate killed a $14 billion bail-out of America's "Big Three" auto-makers.
Read full article... Read full article...
Friday, December 12, 2008
Silver, But No Silver Lining / Commodities / Gold & Silver
By: Robert_Singer
The end of our consumer society is on the horizon, which should be no surprise to anyone who took Economics 101. Do we really expect to spend our way out of this mess by buying and selling each other useless cheap stuff from China ?
As the financial collapse gathers steam, gold and silver oracles like Butler , Friedman, Morgan and Turk who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order.
Read full article... Read full article...
Thursday, December 11, 2008
Gold and Gold Stocks to Soar During 2009 / Commodities / Gold & Silver
By: Christopher_Laird
Here we discuss why gold will recover in 2009, and why gold is resisting the massive deleveraging in all markets better than most anything. Even though gold and the gold stocks especially have taken a hit, we expect them to recover significantly in 09. Here is why.
Overview of credit crisis and efforts to combat it
Read full article... Read full article...
Thursday, December 11, 2008
Gold Soars as Governments Attempt to Reboot the Credit Bubble / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE INVESTMENT GOLD continued to rise in Asia and London early Thursday, breaking an 8-week high at $834 an ounce, gaining against all major currencies, and reaching new all-time highs for British investors – now suffering the worst Sterling Crisis in 32 years – above £552. Read full article... Read full article...
Thursday, December 11, 2008
Gold Rallies Sharply as Fiat Currencies Money Printing Gathers Pace / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied sharply yesterday, for the third day in a row, on higher oil prices and a weakening dollar. Risk aversion remains the prevailing force in markets as seen in collapsing Treasury yields and shortages of physical bullion and backwardation in the gold market.Read full article... Read full article...
Wednesday, December 10, 2008
Mish Response to Antal Gold Fever / Commodities / Gold & Silver
By: Mike_Shedlock
Antal E. Fekete is writing There Is No Fever Like Gold Fever . Before I reply I want to thank Antal for not taking my post Nonsense About Gold Backwardation, Ameros,Yuan Devaluations, etc. as a personal attack. It certainly was not meant to be.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Backwardation Resulting Gold Fever / Commodities / Gold & Silver
By: Professor_Emeritus
Here is an update on the backwardation in gold that started on December 2 at an annualized discount rate of 1.98% and 0.14% to spot in the December and February contracts. It continued and worsened on December 8, 9, and 10 as shown by the corresponding rates widening to 3.5% and 0.65%. It is nothing short of awesome. This is a premonition of a coming gold fever of unprecedented dimensions that will overwhelm the world as soon as its significance is fully digested by the doubting Thomases. Read full article... Read full article...
Wednesday, December 10, 2008
Gold Soars in Sterling as Bank of England Hits Panic Button / Commodities / Gold & Silver
By: Adrian_Ash
"...For UK investors choosing to Buy Gold in 2008, the metal discharged itself without a word of complaint..."WITH THE BANK OF ENGLAND hitting the panic button, slashing the returns-paid-to-UK-savers down to three-century lows at the start of December, the clear winners from its campaign to reboot the bubble so far have been gold investors stuck with Pounds to earn and Pounds to spend.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold- How to Make Cycles Work in Your Favor / Commodities / Gold & Silver
By: Peter_Degraaf
Our lives consist of and are controlled by cycles. From the 1 second heartbeat cycle, to the 1,000 year millennium cycle and many other cycles in between, we live and die within cycles. The ‘ three score and ten' human cycle is simply a part of it all.
King Solomon understood cycles:
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Rallies as Bond Yields Go to Zero / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD rose steadily throughout early London trade Wednesday, reaching a one-week high above $792 per ounce as strong gains in Asian equities faded on Europe's bourses.
As the Wall Street opening drew near, the FTSE100 index stood just 0.3% higher, while the Gold Price in Sterling reached £534 an ounce, almost 3% above Tuesday's low.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Rallies as Deflation Now is Set to Turn to Inflation Later / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied for a second day yesterday on concerns regarding the deepening US recession and the dollar. Gold has continued to rally in Asian and early European trading. The bounce in oil prices is likely lending support as is continuing robust physical demand internationally. Asian equity markets were largely positive overnight but European ones are again under pressure this morning.Read full article... Read full article...
Tuesday, December 09, 2008
Gold Attempting Thrust Out of Bull Flag Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak, the SPDR Gold Shares (NYSE: GLD) is attempting to thrust out of a two-day bull flag type of formation, which represents the digestion period in the aftermath of yesterday's potent upmove from Friday's low at 72.91 to 77.03. If the bull flag resolves itself to the upside, then the GLD should climb towards a test of yesterday's high at 77.03 -- likely on the way to a test of more important resistance along the 11/25 down trendline -- now at 77.25. Only a break beneath today's pullback low at 75.08 will compromise the near-term technical set-up.Read full article... Read full article...
Tuesday, December 09, 2008
Gold Retail Buyers Face Physical Supply Shortages / Commodities / Gold & Silver
By: Adrian_Ash
Retail Gold Buyers Still Face Shortages, High Mark-Ups as Global Credit & Lending Collapse; Central Banks Prepare "Money Flood"
THE PRICE OF GOLD in the world's professional wholesale market held inside a tight $10 range early Tuesday in London, drifting up from $768 an ounce as global equities rose for the third session running.
Read full article... Read full article...
Tuesday, December 09, 2008
Gold Rallies Following Sharp Drop in South African Gold Production / Commodities / Gold & Silver
By: Mark_OByrne
After falling sharply last week, gold rallied yesterday on the back of a weaker dollar, higher oil (Light Sweet Crude Oil Future - Combined - JAN09 is up more than 6% yesterday after falling an incredible 25% last week) and commodity prices and the Obama fiscal stimulus package.Read full article... Read full article...
Tuesday, December 09, 2008
Silver Shines as Broad Financial Markets Face Meltdown / Commodities / Gold & Silver
By: Chris_Vermeulen
Gold & Silver Outlook: Gold and silver closed lower on Friday. Gold had a long lower wick which generally indicates a small one or 2 day bounce could occur early next week and we got that today.Read full article... Read full article...
Tuesday, December 09, 2008
Gold and the Last Contango in Washington? / Commodities / Gold & Silver
By: Professor_Emeritus
Here is an update on the backwardation in gold that started on December 2. It continued and worsened on December 3, 4, and 5. So far this is the most serious signal of the economic crisis: the world is rushing headlong into a Great Depression, possibly worse than that of the 1930's. Please remember the following analogy: the serial devaluation of currencies starting with that of the British pound in 1931 meant a drastic drop in the velocity of gold circulation.Read full article... Read full article...
Monday, December 08, 2008
Gold Backwardation Crisis: Seperating Facts from Fiction / Commodities / Gold & Silver
By: Rob_Kirby
An important piece of academic research was published last week [ Dec. 5, 2008 ] by Professor Antal Fekete, titled, Red Alert: Gold Backwardation!!! In this article, Professor Fekete reasoned that Dec. 2, 2008 was a landmark date in the saga of the collapsing international monetary system;
“on December 2 nd , at the Comex in New York , December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009 ) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3 rd , when the corresponding figures were 2% and 0.29%. This means that the gold basis has turned negative, and the condition of backwardation persisted for at least 48 hours.”
Read full article... Read full article...
Monday, December 08, 2008
End of U.S. Dollars False Rally to Drive Gold Sharply Higher / Commodities / Gold & Silver
By: Ned_W_Schmidt
Perhaps the greatest gift we all could receive in the coming season of year end holidays would be the final demise of the hedge fund industry. While that might not happen, we might have to settle for the end of the U.S. dollar's false rally. Before going into that though, one question. If these funds are hedged, how come they have been losing so much money? Read full article... Read full article...
Monday, December 08, 2008
Gold Jumps on Obama Infrastructure Rebuilding Plan / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD eased back from a sharp 2.8% gain for Dollar investors early in London on Monday, trading flat against Sterling and Euros after US president-elect Obama promised to "jump start" the economy with huge government spending and debt.Read full article... Read full article...
Monday, December 08, 2008
Backwardization Of Gold And The Upwardization Of Gold And Silver Prices / Commodities / Gold & Silver
By: Darryl_R_Schoon
Systemic crises are caused by the inability of systems to respond to stress. When systems can no longer adequately respond, systemic collapse ensues. We are currently witness to the end of a system of paper money based on credit and debt, a system now in the final stages of collapse. Read full article... Read full article...
Sunday, December 07, 2008
Gold Bullish Breakout Takes a Bearish Knock / Commodities / Gold & Silver
By: Merv_Burak
Okay. So maybe we're not yet in a roaring new bull market. The next level to watch would be the $700 level, if it gets that low.
GOLD LONG TERM - It's instructive to every once in a while take a look at a long term chart to see where we came from and maybe get a better idea as to where we might be going. I have two long term charts (other than P&F) that I usually show. This is my normal chart, one that I use in my weekly analysis. The other one differs in that it is more of a very long term chart and includes longer term indicators and moving averages.
Read full article... Read full article...
Saturday, December 06, 2008
David Morgan Silver Investing Questions and Answers / Commodities / Gold & Silver
By: David_Morgan
The well-traveled and prolific David Morgan has contributed to Northwest Territorial Mint Precious Metals Monthly in the past and has achieved recognition for his insights into the silver market and investing in general. As a follower of the silver market for more than 30 years, he is the author of Get the Skinny on Silver Investing , and his Web site, www.silver-investor.com , is a leading source for serious investors.Read full article... Read full article...
Saturday, December 06, 2008
Taking Physical Delivery of Silver and Gold from COMEX / Commodities / Gold & Silver
By: Submissions
A Memorable Delivery Experience - For those who remember, I wrote a letter asking about taking delivery from the COMEX. Well I would like to tell you about a very educational experience. Recently, we took a delivery from the COMEX. The process was a bit cumbersome but very enlightening. First, I would like to say that the process of dealing with the custodians was very professional. However, let me begin my story of amazement.
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Saturday, December 06, 2008
Gold Red Alert- Gold Price Backwardation first time in History! / Commodities / Gold & Silver
By: Professor_Emeritus
December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the press: gold went to backwardation for the first time ever in history. The facts are as follows: on December 2nd, at the Comex in New York, December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3rd, when the corresponding figures were 2% and 0.29%. This means that the gold basis has turned negative, and the condition of backwardation persisted for at least 48 hours. I am writing this in the wee hours of December 4th, when trading of gold futures has not yet started in New York. Read full article... Read full article...
Saturday, December 06, 2008
Central Banks Gold Reserve Actions Key to Gold Price Trend / Commodities / Gold & Silver
By: Julian_DW_Phillips
From 1980 right through to 1999, the gold market had the possibility of enormous central bank gold sales hanging over the gold market. Central banks did nothing to remove this impression but led the market to believe that it was likely. Their purpose was to ensure gold did not challenge the paper money markets. In 1971, President Nixon had cut the link between gold and money but removed the ability of U.S. $ holders to change their dollars into gold. This left the $ and all other currencies without any backing except the promise from central banks to change paper dollars into paper dollars. This would not have worked nearly so well had the U.S. not had the power to ensure that the oil market was bound to use only U.S. dollars as payment for oil.Read full article... Read full article...
Friday, December 05, 2008
Real Interest Rates and the Gold Price / Commodities / Gold & Silver
By: Zeal_LLC
It's been a tough year for gold investors. Instead of soaring during the great fear and uncertainty of the global financial panic as most gold investors expected, gold got caught up in the selling. Thus it is down 7.3% year-to-date. This is far-better performance than virtually everything else, especially the S&P 500's 40.7% YTD loss. Nevertheless, the lack of a flight to gold in such dire conditions remains disappointing. Read full article... Read full article...
Friday, December 05, 2008
Gold and the End of an Era in the Global Capitalist Economy / Commodities / Gold & Silver
By: Adrian_Ash
"...'What is economics?' an economics professor asks. 'Scarcity' comes the school-children's answer..."
SO WE'RE LIVING through the end of something. Something important and ugly. Everyone seems agreed on that.
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Friday, December 05, 2008
Gold Slumps on Half a Million U.S. Job Losses / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back a tepid rally early in London on Friday before slumping to fresh two-week lows at $750 an ounce on news of a huge jump in US unemployment.More than half-a-million Americans lost their jobs last month, reported the Bureau of Labor Studies. Wall Street analysts had been expecting 325,000 job losses.
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Thursday, December 04, 2008
Euro Rockets and U.S. Dollar Pops Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
The upside reversal in EURUSD today has popped the streetTRACKS Gold Shares (NYSE: GLD) to an intraday high at 77.63, which if nothing else has put some distance between the price structure and key near-term support at the December low of 75.10/05. Prices have pulled back to 75.88 even though EURUSD has held its gains, which means that gold prices remain heavily influenced by the continual selling pressure across the commodity complex in general -- and in oil, in particular. Oil prices have plunged to new lows at $44.52, the lowest level since February 2005 and at the top of a support band that stretches across major highs going back to September 2000.Read full article... Read full article...
Thursday, December 04, 2008
Gold Unmoved by Historic Interest Rate Cuts in Europe / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD Gold Prices held in a tight $10 range in Asia and London on Thursday, unmoved by historic interest-rate cuts across Europe that buoyed French and German equities as returns-to-cash sank.The European Central Bank (ECB) lopped 75-basis points off the cost of borrowing Euros, but held above the previous 2003 low of 2.0%, with its largest ever one-day reduction.
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Wednesday, December 03, 2008
Gold Market "Illiquid" as Zero Interest Rates Loom / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD for physical delivery slipped back against the Dollar, Euro and Yen early Wednesday in London, but recovered two-thirds of this week's 3.5% drop for UK investors as the Pound tumbled again on the foreign exchanges.On the stock market, Wall Street's strong overnight finish faded in Asia and left European bourses almost 1.5% lower by lunchtime.
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Wednesday, December 03, 2008
Gold Robust Physical Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose nearly 1% yesterday as the dollar gave up some of its gains in recent days. Gold has remained slightly weaker in European trading and this is likely because of continuing dollar strength, particularly against the euro.Read full article... Read full article...
Wednesday, December 03, 2008
Why Investors Pay High Silver Premiums? / Commodities / Gold & Silver
By: Roland_Watson
I was checking out a new facility by Eric LeMaire which lists the latest eBay prices for gold and silver as well as some common numismaticals from decades past. You can see the statistics at this link . What struck me were the huge premiums that silver investors are prepared to pay for one ounce coins right up to 100 oz bars. At a glance I could see an average premium of 124% for American Silver Eagles, 164% for Kookaburras and 105% for Maples. More sane premiums can be seen on the 100 oz at 35% which is nevertheless still a hefty premium compared to how much one may pay for other asset classes. Read full article... Read full article...
Tuesday, December 02, 2008
Comex Gold Shock and Awe / Commodities / Gold & Silver
By: Rob_Kirby
This past Friday, Nov. 28, 2008, was first notice day for delivery of the December COMEX [a division of NYMEX] gold and silver futures contracts which trade on the New York Mercantile Exchange. The chart appended below shows that on Friday, 8,600 gold futures contracts @ 100 ounces per contract [and 3,040 silver futures contracts @ 5,000 ounces per contract] were delivered. To try to give some perspective to these numbers the previous delivery month for gold futures was October, 2008 when there were 11,554 deliveries for the entire month – a “big” number by historical standards. Read full article... Read full article...
Tuesday, December 02, 2008
Gold and Stocks Bounce after Yesterdays Slide / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD bounced $13 per ounce from a new 7-session low early Tuesday, while world stock markets found their floor almost 15% below the start of last month.Recording an AM Gold Fix here in London of $772.50, the Gold Price stood 5% below last week's peaks vs. the Dollar and Euro as well as Sterling.
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Tuesday, December 02, 2008
Gold Crashes by 5% But Posts Strong Annual Gain in Sterling / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell sharply yesterday and gave up some of its recent gains. Gold for February delivery dropped $42.20 to end at $776.80 an ounce or 5.4% on the New York Mercantile Exchange. The sell off begin in Asia on sharply lower oil prices and continuing dollar strength but continued as European and US stock markets again fell sharply. Read full article... Read full article...
Tuesday, December 02, 2008
Citigroup Predicts Gold 2000 in 2009 / Commodities / Gold & Silver
By: David_Vaughn
The horror of this financial crisis continues to grow.
The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help. The world is now quickly changing and moving with a determined force we have not witnessed in our generation or the generation before.
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Monday, December 01, 2008
Gold Corrects After Novembers Surge as Dollar Strengthens / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE GOLD PRICES fell sharply in Asia and London on Monday, dropping 3.2% from Friday's best weekly close in eight and falling below $791 an ounce.The six-day rally in global stock markets also stalled on a fresh surge in the US Dollar and Japanese Yen.
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Monday, December 01, 2008
Gold Holding above Important $800 Support Level / Commodities / Gold & Silver
By: Mark_OByrne
In thin holiday trading, gold rose 1% on Friday closing above the important $800/oz mark for a gain of 3.1% for the week – its third week in a row of gains. It was up 14% for the month of November which was its largest monthly gain in more than 9 years.Read full article... Read full article...
Sunday, November 30, 2008
Gold Breakout, Re-run of September Price Action? / Commodities / Gold & Silver
By: Merv_Burak
Is this September all over again, a sharp couple day rally and then a more casual topping out and decline? This time the rally didn't even come close to the 200 day moving average line which has now turned to the down side. But who knows, maybe this time it's different.
GOLD : LONG TERM As mentioned last week the long term P&F chart, although showing a valid upside (bullish) break-out, is still a weak break and projects only to the top of the Sept-Oct highs. That does not make for a strong long term reversal. Other than an extra X during the latest move the P&F remains as it was last week.
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Sunday, November 30, 2008
Precious Metals Scene In Europe / Commodities / Gold & Silver
By: David_Morgan
During my recent trip to Europe we visited four main cities: London, Paris, Zurich, and Munich. My impression of each location varied, in relation to the current global economic climate and how the precious metals are behaving. Read full article... Read full article...
Saturday, November 29, 2008
Gold Solid Bull Market Uptrend in 2009 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Money authorities around the world will not stop stimulating economies, printing money and doing whatever it takes until growth and confidence are restored to the bright days prior to July 2009. And this will be done even if the cost is high inflation, for better inflation than savage deflation! Read full article... Read full article...
Friday, November 28, 2008
Gold Near Record Price Rise on Deflation Scare / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD continued to hold steady early Friday in London, nearing its fourth weekly gain in succession vs. the Dollar and standing more than 11% higher from the start of November.Read full article... Read full article...
Friday, November 28, 2008
Gold Demand Dynamics Change due to Growing Geopolitical Instability / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver were flat yesterday and have remained unchanged in Asian and early European trading. Gold is set for a fourth straight week of gains on safe haven demand and on the likelihood of further dollar declines with further reductions in U.S. and international interest rates and further quantitative easing next month.Read full article... Read full article...
Thursday, November 27, 2008
Gold Holds Flat as Stock Markets Rise / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD held flat for US and European buyers early Thursday, recording an AM Fix in London of $813.50 an ounce while world stock markets rose, even as terrorist attacks targeting US and British citizens in Mumbai closed India's stock and commodity exchanges.
US markets will remain closed today for Thanksgiving after gaining 3.5% on Wednesday.
Thursday, November 27, 2008
Gold Heading for $2000 in 2009 / Commodities / Gold & Silver
By: Mark_OByrne
Both gold and silver fell slightly yesterday as the dollar and stock markets rallied on renewed increasing risk appetite. Euro gold and British pound gold remained near record highs of €628 and £532.
Gold has traded sideways in Asian and early European trading despite the horrendous terrorist attacks in India. Unfortunately, they show that the world remains very unstable and that geopolitical risk remains ever present.
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Thursday, November 27, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Wednesday, November 26, 2008
Financial Mayhem to Fuel Gold’s Next Surge? / Commodities / Gold & Silver
By: Money_and_Markets
Last week, I wrote about how our oil-rich friends in the Middle East are buying gold hand over fist. It turns out they're not the only ones. The latest figures from the World Gold Council show a frenzy of activity in the most recent quarter.
And gold ended last week with a bullish move to the upside that set off “buy” alarm bells for technical traders around the world.
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Wednesday, November 26, 2008
Gold Strong Bull Market in Pounds and Euro / Commodities / Gold & Silver
By: Mark_OByrne
Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.
Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are "strong hands". The gold open interest fell a very sharp 5533 contracts to 282,978 which is a new low and low levels such as these usually portend lows in the gold price and subsequent rallies.
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Wednesday, November 26, 2008
Gold Trades Cautiously Whilst Physical Demand Outstrips Supply / Commodities / Gold & Silver
By: Adrian_Ash
SPOT PRICES FOR WHOLESALE GOLD held steady in Asian and early London trade on Wednesday, moving between $811 and $815 an ounce as world stock markets gave back one-fifth of this week's rally to date.Read full article... Read full article...
Wednesday, November 26, 2008
Gold Price Set to Explode Higher on Surging Monetary Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The OMEN for a powerful shift in the gold market in my playful mind was the very real earthquake on November 18 here in Costa Rica, a clear signal from the financial gods, no minor tremor, measured at 6.0 on the Richter scale. The tremor confirmed the tectonic shifts to come to the gold market without question. This was the biggest earthquake in my life, no damage at all though, roof and toys intact. Numerous stories testify in aggregate to a severe tightening of the physical market, certain to put pressure on the corrupt paper market managed by the COMEX and its parent NYMEX. Read full article... Read full article...
Tuesday, November 25, 2008
Gold Price Bullish Tendency Over Thanksgiving Holiday / Commodities / Gold & Silver
By: Tim_Iacono
For years now, the Thanksgiving holiday in the U.S. has been a very favorable two-day period for the gold price as shown below - this year is not likely to be an exception.Read full article... Read full article...
Tuesday, November 25, 2008
Investors Dump U.S. Dollars and Fiat Currencies For Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
The superiority of returns on Gold to investors over the miserable returns on paper equities would seem at some point to become an embarrassment to the purveyors of Stock Certificates of Negative Return. While US$Gold is down from the high, so many other investors, living in other currencies, around the world have witnessed their Gold trading at all time highs. And now the message of financial salvation is spreading further. Stories of shortages of Gold coins are now widespread. Public participation in a market is sign of Wave V, which now may be unfolding.Read full article... Read full article...
Tuesday, November 25, 2008
Gold Safehaven Buying as Governments Throw Money at Failing Economies / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD slid almost 2% early in London on Tuesday, recording an AM Fix of $802.50 per ounce before bouncing sharply and moving back above £540 and €635 for British and Eurozone investors respectively.
Crude oil dropped 4% to $52.30 per barrel, while 10-year US Treasury bond yields reversed yesterday's rally to stand back at 3.23%.
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Tuesday, November 25, 2008
A Good Day for Gold and Stock Markets / Commodities / Gold & Silver
By: Mark_OByrne
Gold has given up some of yesterday’s and the last four days gains. Profit taking seems the most likely explanation as the dollar remain largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.Read full article... Read full article...
Monday, November 24, 2008
Gold Bullish Breakout as Bull Market Resumes / Commodities / Gold & Silver
By: INO
It has been a difficult time for gold bugs for the past two months as gold has been trapped in a broad trading range which made it seem insulated and immune to all of the financial chaos around it. Today's action on Friday the 21st, put all of that in action to rest as gold soared to trade over the $800 in a matter of hours. This may be the move we've been looking for and coming from a two-month base, it seems large enough to propel this market higher. Read full article... Read full article...
Monday, November 24, 2008
Gold Smashes Through Resistance / Commodities / Gold & Silver
By: Mark_OByrne
In a remarkable week for the yellow metal, strong resistance at $770 last Monday may now be the level of support as Gold rallied on Friday, finishing up $50 on the day, 6% on the week. It is currently trading at $822 (1230 GMT) and a sustained move above $800 could signal an upswing towards the $850 level, again confirming Gold's safe haven demand as stock markets continued to fall sharply amid continuing woes in the US financial sector (as graphically illustrated by Citigroup). Silver could also be about to make a move to the upside. It has been in a downward trendline since the summer but traded up to it that line on Friday and above the trendline today. Silver is currently trading at $10.02 and a close above $9.50 today could be very positive for the price.
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Monday, November 24, 2008
Gold Soars as Government Money Supply and Debt Levels Surge / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped 4% to a new 6-week high early in London on Monday, touching $822 per ounce as Western equities also gained and the US Dollar weakened on the currency market. As the European single currency rose above $1.2700, the Gold Price in Euros held just below €645 an ounce – still its best level since the record spike to €685 of Oct. 10th.
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Monday, November 24, 2008
Gold Price Upside Breakout Whilst Crude Oil Continues to Slide Lower / Commodities / Gold & Silver
By: Chris_Vermeulen
Shining gold prices & gold stocks and slippery Oil prices and energy stocks
Gold prices shot up on Friday as investor's move their money into a safer investment as the broad market continued it crash the day before breaking the October bottom. Once the price of gold climbed over the $760 mark which was a short term resistance level the price shot higher as new buyers jumped in and short covering took place pushing gold to climb $57 in one day which you can see in the chart below.
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Sunday, November 23, 2008
Gold Upside Breakout Projects to $930 / Commodities / Gold & Silver
By: Merv_Burak
WOW! Friday was the best day since mid-Sept. We could use more of them but the Mid-Sept one didn't go very far so I wonder if this one will. One day does not make a reversal. I'd like to see many $10 up days rather than one $50 day. Read full article... Read full article...
Sunday, November 23, 2008
Extreme Silver Price Trends / Commodities / Gold & Silver
By: Roland_Watson
I don't think silver watchers need to be reminded of what has happened to silver in the last 8 months. The only answer they are looking for is when will we see a bottom to this carnage? As I look at my 14 member silver stock index, it has dropped from a high of 8.69 on the 3rd March 2008 to a new low of 1.31 as of last Thursday. That is a drop of 85% - cataclysmic by any standard of investing. Subscribers who followed my lead and exited all silver stocks positions on 31st March were spared this unnecessary suffering.Read full article... Read full article...
Saturday, November 22, 2008
Precious Metals Price Discovery / Commodities / Gold & Silver
By: David_Morgan
During my recent trip to Europe, there were many interesting meetings and conversations. One of the most meaningful was with a good friend and colleague Mr. Eric Lemaire.Read full article... Read full article...
Friday, November 21, 2008
Gold and Silver Bullish Fundamentals- Keep Your Eye on the Prize / Commodities / Gold & Silver
By: Peter_Degraaf
In this fast-moving age, it is so easy to take your eye of the prize. Short-term trends can easily throw one ‘off track'. For every analyst who will tell you a stock or commodity is going up, there is another one who will tell you it is going down in price.
Who to believe?
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Friday, November 21, 2008
Gold the Dumb Metal Beats Overqualified Ex-hedge fund Financial Hacks / Commodities / Gold & Silver
By: Adrian_Ash
"Well, God knows you don't need any brains to buck barley bags..."– John Steinbeck, Of Mice & Men (1937)
ALPHA used to be what hedge-fund managers promised their clients. Better still, portable alpha – defined in the easy bed-time reading of finance MBAs as the "generation of excess return over a benchmark while maintaining the desired asset allocation to traditional market exposures" – offered to meet and beat whatever returns everyone else was making, thus proving the manager's genius and justifying his infamous fees.
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Friday, November 21, 2008
Why Gold Will Rise During Deflation / Commodities / Gold & Silver
By: Julian_DW_Phillips
What deflation really does to an economy -
Deflation is a particularly pernicious economic condition. It is far worse than inflation. Prices decline in deflation. The impact of this is that a person with cash sees the buying power of that cash increase, whereas the owner of assets with declining values sees the cash value of those assets decline. This is the superficial picture. Read full article... Read full article...
Friday, November 21, 2008
Silver in Crisis / Commodities / Gold & Silver
By: Zeal_LLC
The unprecedented financial turmoil plaguing all markets these days is dominating everyone's attention. In a troubled time when the flagship S&P 500 stock index can plunge 30.0% in a single month, it is hard to think about anything else. Thus many smaller markets, like silver, are languishing in relative obscurity.
Silver, an asset which many investors thought would thrive during a financial-market panic, has been scourged mercilessly. After briefly surging above $20 in March, it nonchalantly traded between $16 and $19 or so for the next 5 months. Silver was on top of the world, consolidating high, and all looked well.
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Friday, November 21, 2008
Why Gold Price Has Fallen Despite Record Demand / Commodities / Gold & Silver
By: Money_Morning
Mike Caggeso writes: Having spawned the worst market for stocks since the Great Depression, the global financial crisis is forcing investors to re-examine a number of long-held beliefs. Gold bugs, for instance, have been left to wonder just how gold prices could backpedal in the face of all-time-record demand.
Gold demand did increase – in fact, by a record 45% from the second quarter to the third.
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Friday, November 21, 2008
Gold Safehaven as Stock Markets Plunge to 11 Year Lows / Commodities / Gold & Silver
By: Mark_OByrne
Gold maintains its safe haven status - In an increasingly risk averse environment and in the wake of tumbling commodity markets, gold is maintaining a bid, albeit in a tight trading range with strong resistance at $777 , confirming its status as a safe haven asset. Gold is currently trading at $755 (12:15GMT).Read full article... Read full article...
Friday, November 21, 2008
Gold Jumps on Physical Shortage as Coin Orders are Refused / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped to a one-month high at the US opening on Friday, heading for their third weekly gain on the trot as a rally in Asian stock markets failed to stick in Europe.US equity futures bounced hard after sinking to an 11-year Low on the S&P Index at Thursday's close. Crude oil dipped below $50 per barrel.
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Thursday, November 20, 2008
Silvers Brutal Downtrend Has Run its Course? / Commodities / Gold & Silver
By: Clive_Maund
Even though the brutal downtrend in silver that has slashed its price by about 60% from last July remains in force, there are several important signs that it has probably run its course, and that silver is now basing ahead of renewed advance. On the 6-month chart we can see that even though silver plumbed new lows late in October by a sizeable margin, the MACD indicator bottomed way above its August and September lows, showing that downside momentum was decelerating, and it continued to decelerate with the low last week, when the MACD indicator hardly dropped. The behaviour of this indicator relative to price in the recent past is typical of a bottom. Read full article... Read full article...
Thursday, November 20, 2008
Gold Builds Support as the U.S. Dollar Hits Resistance / Commodities / Gold & Silver
By: Clive_Maund
Gold has remained in a narrowing trading range since the last update late in October, which is looking increasingly like an intermediate base area that will lead to a significant advance. In the last update a relief rally was predicted on the basis that the preceding steep downtrend had exhausted itself, and this is what we saw, although it didn't get very far. About a week ago gold looked like it may be forming a Pennant, implying a drop to new lows, but the lack of follow through on last week's decline and subsequent partial recovery has resulted in the pattern opening out into a Triangle, which is increasing the chances of an upside breakout. Read full article... Read full article...
Thursday, November 20, 2008
More on Gold and the Reflation of Assets / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: Not surprisingly, my Money and Markets column last week about a new monetary system based on an upward revaluation of the price of gold set off quite a buzz all over the world. It was picked up by CBS MarketWatch, The Financial Times , The Market Oracle, and more.
Some Think I'm Crazy, That I've Lost My Mind. No Problem.
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Thursday, November 20, 2008
Gold Safe Haven Status Amid Steep Global Stockmarket Declines / Commodities / Gold & Silver
By: Mark_OByrne
China Considering Diversification into Gold
BEIJING (Dow Jones) - China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong.
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Thursday, November 20, 2008
Gold and Silver Obvious Price Maniupulation / Commodities / Gold & Silver
By: Richard_J_Greene
Amazingly, while gold and other commodity related stocks continued to be sold off to levels that are at deep discounts to their intrinsic value in October, gold continued to break to new all time highs in most major currencies. On October 9th and 10th gold recorded new all time highs in many currencies including the Euro, the Australian Dollar, British Sterling, the Indian Rupee, the Russian Ruble, the South African Rand and many others. The Dow Jones Industrial Average Stock also recorded a multi decade low in terms of gold. Investors are getting a very much skewed view of gold's performance if they are viewing it in terms of the US Dollar or Yen. These are the two main currencies that have been used as cheap funding sources allowing speculators to take on incredible degrees of leverage to invest in higher yielding assets with much better fundamentals. Read full article... Read full article...
Thursday, November 20, 2008
Gold and Silver Inflation or Deflation Common Sense / Commodities / Gold & Silver
By: Investmentscore.com
We have recently noticed many newsletter writers and commentators who were formerly calling for "Inflation" and are now switching their analysis to the growing popular theory of "Deflation". This very well may be 'The' great debate of our time.
Why is this significant and how does this effect investors?
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Wednesday, November 19, 2008
What's Frightening Saudis and Iranians into Buying Gold? / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: Our oil-rich friends in the Middle East are scared. How do I know? Because they are buying gold like crazy!
First , we got the news that Saudi investors spent $3.47 BILLION on gold in a recent two-week period. On a ratio-to-GDP basis, that's like investors in the U.S. spending $131 BILLION.
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Wednesday, November 19, 2008
To Prevent Financial Shocks, Build a Suspension System for the Gold Wagon / Commodities / Gold & Silver
By: John_Newman
When I drive down the road and hit a pothole, my car's suspension system absorbs the shock. Engineers design suspension systems to reconcile our driving habits automatically to the realities of hard pavement. So it should be with our monetary system.Read full article... Read full article...
Wednesday, November 19, 2008
Gold Trades in Tight Range as Bonds Offer Record Low Returns for Investors / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE GOLD BULLION PRICES inside a tight range vs. the world's major currencies early Wednesday, as world stock markets fell for the eighth session in 13 so far this month.The Gold Price in Japanese Yen held unchanged from the start of Nov., while the Tokyo Nikkei index slipped to its worst level since the quarter-century lows of late Oct.
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Tuesday, November 18, 2008
Gold Settles into Contracting Range / Commodities / Gold & Silver
By: Mark_OByrne
Citigroup to cut 52,000 jobsVikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That's 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year and suffered over $50bn in writedowns and credit provisions. An analyst likened Citigroup to a super tanker; turning it around takes a long time.
Tuesday, November 18, 2008
Gold Investors Buy the Dips / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD continued to drift lower in early London trade on Tuesday, holding $10 per ounce below last week's close while European stock markets lost another 2% and crude oil fell towards fresh 21-month lows."Looking forward, we think the need for safe-haven investments will grow," says the latest analysis from Scotia Mocatta, the London-based precious metals dealer, "while at the same time the level of distressed selling may ease.
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Monday, November 17, 2008
Gold Needs to Rise Above $838 to Fullfill Annual Minimum Bull Market Target / Commodities / Gold & Silver
By: Ronald_Rosen
The gold price on the last trading day of 2008 must close higher than the closing gold price on the last trading day of 2007 if the pattern of continuous year to year closing strength is to be maintained. The pattern of the year end closing gold price being higher than the previous years closing gold price has been maintained since the year 2000. The list posted below represents the closing year end gold price for the years 2000 through 2007.Read full article... Read full article...
Monday, November 17, 2008
Smart Money Bullish on Gold Following G20 Meeting / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD traded on the wholesale market reversed an early 0.7% rally vs. the US Dollar on Monday morning, while world stock markets fell for the 7th time in eleven Nov. sessions to date.Both the Euro and Pound Sterling slipped back from an early 1.5% jump vs. the US currency, leaving Gold lower for British and European investors.
Read full article... Read full article...
Sunday, November 16, 2008
Gold Long-term Bearish Projection Targets $480 / Commodities / Gold & Silver
By: Merv_Burak
Gold went sideways while silver went lower. But the story of the week was the action in the stocks. The highest “quality” stocks moved lower by about 7% while the average stock declined by over 11%. Silver stocks did even worse with average declines over the 14% neighborhood. Are we ready for a bottom or is this just a continuation of the bear? Read full article... Read full article...
Sunday, November 16, 2008
US Dollar Bull Run, Gold, XOI, HUI, CBOE Put/Call Ratio / Commodities / Gold & Silver
By: David_Petch
I thought it would be better to present a market roundup rather than just the XOI, given the speed with which the market has moved the past few days. Yesterday saw a dramatic move off the lows, which by my judgement is half way through in the mere span of 3 hours. The S&P is likely to go anywhere from 1000-1050 and since the commodity indices (particularly the XOI) have a similar pattern, all should be watched together for indications of a top. The most critical element for all markets is the inverse relationship they have relative to the US Dollar at present. Today, the USD, XOI, HUI and CBOE Equity Put Call Ratio Index are discussed. Read full article... Read full article...
Friday, November 14, 2008
Gold at $14,172 an ounce? / Commodities / Gold & Silver
By: Brian_Bloom
There are those who have been arguing vociferously for some years now that the world will be better off under a gold standard.
These people may or may not be correct, but we need to understand the implications of what a gold standard will bring with it.
Read full article... Read full article...
Friday, November 14, 2008
Gold GLD ETF Impact on the Gold Market / Commodities / Gold & Silver
By: Zeal_LLC
Amidst our seemingly endless slog through today's dark sentiment wastelands plaguing the markets, we have a birthday to celebrate. Four years ago this week, a revolutionary ETF was launched that forever changed trading dynamics within the global gold market. Known today as the SPDR Gold Shares, GLD has been wildly successful by any measure. Read full article... Read full article...
Friday, November 14, 2008
Gold Will Rise as Governments Reflate to Resurrect Economies / Commodities / Gold & Silver
By: Julian_DW_Phillips
A long and deep recession, possibly a depression is being forecast across a broad front. But the real picture is different. Governments and central banks are not only committed to doing all in their power to resurrect growth and give their different economies 'traction' but have begun the vigorous implementation of reflation. They will do " whatever it takes " to get growth and confidence re-established globally. Read full article... Read full article...
Friday, November 14, 2008
Gold Trades Higher as U.S. Debt Mountain Set to Soar / Commodities / Gold & Silver
By: Adrian_Ash
THE WHOLESALE PRICE OF GOLD traded internationally jumped late-morning in London dealing on Friday, rising 5.4% from yesterday's three-week low against the Dollar and touching a five-week high above £500 an ounce for British investors. Read full article... Read full article...
Friday, November 14, 2008
Silver Paper Certificates and Physical Silver Holdings / Commodities / Gold & Silver
By: David_Morgan
The following excerpt is from the November issue of The Morgan Report. Many in the precious metals community have been leery of holding paper silver. Interestingly the people I interviewed began to ask similar questions and began their own holding company. Part of the interview from the November issue follows…Read full article... Read full article...
Thursday, November 13, 2008
Gold Steady as Mining Output Drops and China Demand Increases / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION PRICES held in a tight 1% range above last night's 3-week low early in London on Thursday, recording its lowest AM Gold Fix since Oct. 24th at $714 per ounce as commodity prices and world stock markets tumbled once more.Crude oil touched $55 per barrel – a new 20-month low – while government bonds continued their "safe haven" gains.
Read full article... Read full article...
Wednesday, November 12, 2008
Gold and British Pound Tumble on Deflationary Recession / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD dropped $10 an ounce in the first-half of London trade on Wednesday, sliding to a 6-session low as Asian stock markets closed down for the day and European equities gave back an early 1% gain."Sentiment [in the Gold market] is still pretty negative," reckons Narayan Gopalakrishnan, a trader at metals refinery group MKS Finance in Geneva, Switzerland, speaking to Bloomberg.
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Tuesday, November 11, 2008
Gold follows Stocks Lower on Continuing Yen Carry Trade Unwinding / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES slipped early in London on Tuesday, dipping below $740 an ounce as the US Dollar and Japanese Yen rose on the currency markets while world stock markets and commodity prices fell once again.Read full article... Read full article...
Tuesday, November 11, 2008
Gold Rallies as Goldman Sachs Share Price Crash / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed. Oil and most commodities were somewhat higher on news of the Chinese $0.6 trillion stimulus injection while the dollar was flat and the pound fell again (reaching a new low against the euro) due to the sharply deteriorating UK economy.Read full article... Read full article...
Tuesday, November 11, 2008
Gold the Supernova Metal / Commodities / Gold & Silver
By: Submission
Edward Wray writes: It might be refreshing for a moment to back away from all the Sturm und Drang of the Dirtbag economics chaos and return to a simpler time when Andy might have said to Opie, "Do you see that! That's a silver coin boy, and ifin you save enough of these in your piggy bank, you might just get out of Mayberry and become a famous movie director. Really Pa?"Read full article... Read full article...
Monday, November 10, 2008
Gold and Stocks Gain on China's $586 billion Economic Stimulus Package / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose sharply during Asian and early London trade on Monday, adding 2.4% from last week's close as world stock markets also rose on news of a 4 trillion Yuan stimulus package ($586bn) from the Chinese government, plus an extra $40bn of US government aid for troubled insurance giant AIG.Read full article... Read full article...
Sunday, November 09, 2008
Gold Trades Sideways Amidst Continuing Bearish Trend / Commodities / Gold & Silver
By: Merv_Burak
Having been away last week didn't seem to have made much difference. Gold is just about where it was when last I reviewed it here two weeks ago. The best that can be said is that it is building strength while moving in a basic lateral direction.
GOLD : LONG TERM - Since I last showed the long term P&F chart of gold in my 2008-10-17 commentary it had made a move to lower levels and then moved in a sideways path. It has formed a strong resistance at the $765 level so a move to $780 would be an upside break. It might also be a reversal to the bull as the down trend line is very close to that point.
Read full article... Read full article...
Sunday, November 09, 2008
Monetary Reform: Gold And Bills Of Exchange / Commodities / Gold & Silver
By: Professor_Emeritus
Address before the Civil Society Institute at Santa Clara University, November 3rd 2008 - The Great Depression of the 1930's was not due to the 'contractionist propensities' of the gold standard as alleged by John M. Keynes. Nor was it due to fractional reserve banking as alleged by Murray Rothbard. Rather, it was due to the government's sabotaging the clearing system of the international gold standard, the bill market. Read full article... Read full article...
Saturday, November 08, 2008
Bob Moriarty: Laying Out a Feast for Stock Bears and Gold Bugs / Commodities / Gold & Silver
By: The_Gold_Report
In this exclusive interview with The Gold Report, 321gold.com founder Bob Moriarty provides abundant food for thought about the continuing U.S. financial debacle. Unlike many other observers, he foresees a short-term rally in the stock market but paints a bleak longer-term picture. He expects the ship of state to sink like the Titanic, with precious metals holdings and other “things” the only safety nets on board. Not one to whitewash his opinions, Bob seems to be right more often than not but also freely admits it when he makes mistakes. As he puts it, “When my theories don't match the facts, I revise my theories.” We conducted the interview over a week ago and all of his predictions seem to be coming true. So far. Read full article... Read full article...
Saturday, November 08, 2008
Greenspan and the Gold Standard: Thinking Out Loud / Commodities / Gold & Silver
By: Kurt_Kasun
I wish some Congressman would have had the courage to ask Greenspan why he abandoned his principles he so eloquently (and correctly) wrote about in 1966 before becoming a government sell out like the rest of them (rather than Grandstanding, but nothing new with that).Read full article... Read full article...
Friday, November 07, 2008
Gold Set to Break Lower / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold ETF (NYSE: GLD) pattern offers an inverted view of the PowerShares DB Gold Double Short ETN (AMEX: DZZ) and shows the bearish coil pattern at the low end of the Sept-Oct downmove, which should resolve to the downside after the conclusion of the sideways pattern. I am establishing an initial model portfolio position this morning in case the coil is complete here, and will add to the short (DZZ) position if gold (GLD) climbs towards the 74.00 area and 36.80 in the DZZ.Read full article... Read full article...
Friday, November 07, 2008
Investors "Accumulating Gold" as Recession Hits / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady again early Friday, recording an AM Gold Fix in London of $745 an ounce and standing 1.5%, 3.6% and 0.7% higher from the end of last week against the Dollar, Sterling and Euros respectively."We are now at a lower range," said William Kwan, head of bullion trading at Gold Capital Management in Singapore, to Reuters earlier.
Read full article... Read full article...
Friday, November 07, 2008
Is Gold Decoupling from Crashing Stock and Commodity Markets? / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.Gold was down marginally yesterday (some 1%). It surged after the Bank of England's massive interest rate cut of 150 bps but more counterintuitive trading was seen as gold was aggressively sold by US investment banks on the COMEX who did not appear to want to see gold surging above $760/oz and aggressively defended this position.
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Thursday, November 06, 2008
Gold Steady as UK Slashes Interest Rates to 57-Year Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades."The bears are back in full control," says Walter de Wet at Standard Bank in Johannesburg, "after bulls across the globe realized that current economic problems cannot be voted away.
Read full article... Read full article...
Thursday, November 06, 2008
Gold Retraces Following Post Election Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices ( the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession. Silver was the exception and was more robust and continued to rise after the previous day's sharp gains.Read full article... Read full article...
Wednesday, November 05, 2008
Gold Choppy as Investors Review the Obama Bounce / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD slipped back from an overnight high of $769 per ounce in London on Wednesday, while European stock markets reversed one-third of Tuesday's "Obama Bounce" after the president-elect's US landslide was confirmed.The UK's FTSE100 index lost 1.3% on new data showing the manufacturing sector suffering its worst contraction since 1980.
Read full article... Read full article...
Wednesday, November 05, 2008
Brien Lundin: Is Gold Holding a Wild Card? / Commodities / Gold & Silver
By: The_Gold_Report
As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn. Read full article... Read full article...
Wednesday, November 05, 2008
President Obama Inherits Great Challenge akin to Carter and Roosevelt / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks. Important elections often see markets reverse course and witness trend reversals and this is one of the most momentous election victories in US history.Read full article... Read full article...
Tuesday, November 04, 2008
Gold Jumps as America Votes / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped into the Wall Street opening on Tuesday, adding to an overnight rally and touching a 5-session high of $745 an ounce as European stock markets rose for the seventh-day running.The US Dollar slipped back ahead of today's presidential election, losing 2.5¢ to the Euro and reversing half of Monday's gains vs. the Pound Sterling.
Read full article... Read full article...
Tuesday, November 04, 2008
Gold Holds Steady Amidst Continuing Deflationary Pressures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up marginally yesterday despite further strength in the dollar and a further sharp fall in the oil price. Deflationary pressures continue to be prevalent and central banks internationally continue to aggressively cut interest rates in an effort to stimulate credit growth and inflate their way out of a possible Depression.Read full article... Read full article...
Monday, November 03, 2008
Gold Rally Stalls Despite Bail-Outs Sparking Huge Monetary Inflation / Commodities / Gold & Silver
By: Money_Morning
THE PRICE OF GOLD rose 2% early Monday, briefly touching $739 an ounce before slipping back as world stock markets continued to struggle after suffering their worst month in 21 years.Crude oil slipped again, while the US Dollar and Japanese Yen held steady on the currency markets after October's record surge, when "all the trades that worked well for the past five years went badly very quickly," as one Citigroup strategist put it to Reuters this morning.
Read full article... Read full article...
Monday, November 03, 2008
Gold Near Low as Massive Physical Demand Continues / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals. Read full article... Read full article...
Friday, October 31, 2008
Eric Lemieux: Gold's Behavior Flies in the Face of Every Theory / Commodities / Gold & Silver
By: The_Gold_Report
In an exclusive interview with The Gold Report, Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, describes gold's inexplicable descent as a violation of market fundamentals. Eventually the worsening supply deficit will energize the precious metals sector and when it does, he believes the junior explorers will be well positioned to benefit. He focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers. Read full article... Read full article...
Friday, October 31, 2008
Gold and Stocks End October With Huge Loss of Value / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD BULLION PRICES bounced from $725 an ounce early Friday, nearing the month's end nearly 10% down against most major currencies – including the Dollar – as world stock markets reversed this week's rally.Read full article... Read full article...
Friday, October 31, 2008
Gold Falls on Comex and Futures Selling Despite Huge Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to surprise to the downside on the Comex and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products. Read full article... Read full article...
Friday, October 31, 2008
Silver Investing When Everyone Else is Panicking-Party Time…. Let's Celebrate! / Commodities / Gold & Silver
By: Investmentscore.com
When it comes to investing, does the title “Party Time…. Let's Celebrate!” sound counter intuitive right now? This title is the most opposite/contrarian and therefore it is likely the most appropriate title we could think of at this time. Why? Read full article... Read full article...
Friday, October 31, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Thursday, October 30, 2008
Gold to Explode Higher Following Mutual Debasement of World Currencies / Commodities / Gold & Silver
By: John_Browne
Despite the fact that the governments of the G-7 nations have injected some $3.5 trillion into their financial systems to prevent a meltdown of the world's financial system, stock markets are still reeling. With some stocks down by over 60 percent, many investors already have been through a disastrous erosion of wealth. The declines have not occurred in just a few days as they did in 1929. Rather, Government interventions, regulatory changes and bailouts have drawn out the fall in prices over a long enough time period to make it feel like a slow water torture. Read full article... Read full article...
Thursday, October 30, 2008
Gold Dips, Stocks Jump Despite US Recession Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold slipped from a seven-session high for Dollar and Yen investors at the New York opening on Thursday, as world stock markets extended a four-day rally despite confirmation that the US economy has joined the UK in sliding towards recession.Read full article... Read full article...
Thursday, October 30, 2008
U.S. Inflationary Interest Rate Cut Bullish for Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose nearly 2% yesterday as the Federal Reserve decreased the fed funds rate by 50 basis points to 1.00%. Other central banks internationally are also slashing interest rates and there is increasing speculation that the Bank of England and the ECB may cut interest rates aggressively as early as this week and possibly even today in an effort to prevent international financial contagion causing a sharp global recession.Read full article... Read full article...
Thursday, October 30, 2008
Gold Insurance Against Continuing Financial Meltdown / Commodities / Gold & Silver
By: David_Vaughn
Wow! Are you excited?
The entire world is going through a generational and even a once in a hundred year cyclical change right before our eyes and we are witness to these historical events. All of these gold and financial sites for over 10 years have been predicting that this financial meltdown was coming.
Read full article... Read full article...
Wednesday, October 29, 2008
SIlver Up Trend Continues / Commodities / Gold & Silver
By: Mike_Paulenoff
All my near-term technical and pattern work on the iShares Silver Trust ETF (AMEX: SLV) argues for upside continuation that tests key near-term resistance at 10.00/30. If that area happens to be hurdled, I will get signals that point the SLV to 12.00 thereafter. Why? Perhaps what we are seeing is a technical representation of the reaction of the "precious" metals complex to VERY low interest rates (typically a bullish environment for commodities), coupled with the massive liquidity injections that could kindle expectations of monetary inflation translating into eventual "goods" inflation. Be that as it may, as we speak the near-term technical set-up in the SLV is improving rapidly.Read full article... Read full article...
Wednesday, October 29, 2008
Gold Gains as Stock-Rally Fades on Collapse in World Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped to a one-week high of $765 an ounce at Wednesday's New York opening, gaining 12% from Friday's 12-month low as the strong rally in world stock markets faltered.
Wall Street futures pointed lower ahead of today's Federal Reserve decision, widely expected to deliver a further 0.5% cut to US interest rates, taking the returns paid to Dollars back to the 6-decade lows now blamed for the sub-prime housing bubble of 2001-2007.
Read full article... Read full article...
Wednesday, October 29, 2008
Gold Physical Demand at Record Levels Supply Delays and Shortages Deepening / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to thread water after its recent sharp falls and there are very determined sellers in the futures market at the $740 to $750/oz level. The Letter, expressing some respect for gold's relative performance, points out that there "... is a strong seller of gold at the $740-$745 level…quite large; quite adamant and quite intent upon asserting his or its will upon the market." There is informed speculation that investment bank selling pressured gold this morning.
Read full article... Read full article...
Tuesday, October 28, 2008
Gold Priced in the Top 10 World Currencies / Commodities / Gold & Silver
By: Adrian_Ash
"...Take a look at this chart of gold prices measured in the top 10 most important world currencies..."
SO the SPOT GOLD PRICE sank in October, dropping right back to 13-month lows at $683 an ounce.
Read full article... Read full article...
Tuesday, October 28, 2008
Gold Consolidates in the range $700 to $760 / Commodities / Gold & Silver
By: Mark_OByrne
After rising yesterday gold is up marginally again today and has continued to consolidate in the $700/oz to $760/oz range. Further consolidation is likely necessary after the sharp fall in recent days.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Rallies as Dollar and Yen Correct / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to rally on Tuesday, rising to a four-session high above $752 per ounce as world stock markets also bounced after falling 12 times in 19 days in October.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Technical Analysis and Forecast Video / Commodities / Gold & Silver
By: INO
Gold at the moment is perplexing to a great many traders. To many it was a shock when gold recently traded below the $700 an ounce level. So the question is, what happened to the $2,000 an ounce target that most gold bugs were calling for? Read full article... Read full article...
Monday, October 27, 2008
When Does Gold Trend Turn into a Bear Market? / Commodities / Gold & Silver
By: Clive_Maund
The action in gold on Thursday and especially on Friday was bullish, as well it might be after a near vertical drop of nearly $200 in just 2 weeks. In the article At what point does gold become a full blown bearmarket? posted on the site on 23rd it was made clear that the strong support in the $700 area needed to hold, otherwise gold would join copper and silver and many other commodities in being a bearmarket, at least as far as its paper price is concerned. Immediately after this article was posted gold dropped further to test this support, but on both Thursday and Friday it refused to close below $700, and on Friday a bullish candlestick, a long-legged doji, otherwise known as a "Rickshaw Man" showed up on the chart. Read full article... Read full article...
Monday, October 27, 2008
Gold Price Performance During Recessions / Commodities / Gold & Silver
By: Tim_Iacono
Someone recently wrote in a dismissive, almost pompous, tone something to the effect of, "Everyone knows gold doesn't do well in recessions". But, is that true? Well, it depends... Read full article... Read full article...
Monday, October 27, 2008
Gold Remains Safe Haven Amid Global Currency & Stock-Market Crash / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION sank and then bounced hard vs. the Dollar early Monday, whipping violently against all major currencies as world stock markets added to this year's 40% losses to date."While [the crucial Indian festival of] Diwali is just one day away in India," notes precious-metals dealer Mitsui in London today, "it is important to note that physical demand is strong globally, and this may help to support the Gold market at these levels.
Read full article... Read full article...
Monday, October 27, 2008
When Gold Will Bottom? / Commodities / Gold & Silver
By: Alex_Wallenwein
In short, gold will bottom when stocks bottom and the dollar bounce falters - unless fund managers run out of gold to sell before either of the other two events occur (or unless global investors suddenly come to their senses. Good luck on that one!)
In times like these, anyone would be crazy to predict an actual time when COMEX gold will reverse itself and start rising again, and you'd be crazy to believe it if someone did. At this point, nobody can say it will be tomorrow, or next week, or whatever. On the other hand, it is indeed possible to offer some common sense, bedrock parameters that will tell you that the bottom is in for our favorite derivative to start coming back from the road kill category.
Read full article... Read full article...
Saturday, October 25, 2008
Gold Hits New Bear Market Low / Commodities / Gold & Silver
By: Merv_Burak
New bear market lows in gold but not really confirmed by the indicators. Are we in for a rally here? One would be nuts to predict with any certainty. However, we can confirm where we are, if not where we are going.
GOLD : LONG TERM - That $750 P&F projection mentioned last week didn't stand a chance. By the end of the week the P&F chart dropped as low as the $690 unit before rebounding during Friday up to the $750 unit. Now what? The rebound is nice but at this point does not imply a rally of any significance in progress. So we still have the $630 and possibly the $480 levels to look forward to.
Read full article... Read full article...
Friday, October 24, 2008
Gold's Fate Linked to Euro? / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold and the streetTRACKS Gold Shares (NYSE: GLD) are having an interesting session... but their fate may be increasingingly linked to the direction of Euro/$ (or perhaps Euro/Yen these days). Let's notice that at today's low, the Euro/$ appears to have satisfied an equidistant 2-leg correction off of its July high, and is attempting to hold and to rally off of the 1.2500 equidistant support area. Read full article... Read full article...
Friday, October 24, 2008
Gold Market Plunge Technical Analysis / Commodities / Gold & Silver
By: Mark_OByrne
It was déjà vu in the Comex gold market yesterday as the recent sharp selloff continued. Bearish sentiment remains at extreme levels and all notions of fundamental value are being thrown out the window as the financial crisis morphs into a global economic crisis. Stock, commodity and many currency markets internationally are in meltdown on panic selling. Read full article... Read full article...
Friday, October 24, 2008
U.S. Dollar Driven Gold Price Crash / Commodities / Gold & Silver
By: Zeal_LLC
During this unprecedented month where the flagship S&P 500 has plummeted 23.0%, it isn't surprising this brutal stock-market selloff is monopolizing investors' attention. Thus gold's poor performance is largely flying under the radars. Month to date, this metal is down a massive 15.6%! This combined with the intense stock fears have led to an unthinkable 46.4% October decline in the HUI gold-stock index. Read full article... Read full article...
Friday, October 24, 2008
Gold Buying Opportunity and Hedge Against Uncertainty / Commodities / Gold & Silver
By: Joseph_Brusuelas
Perhaps the most interesting development during the intensification of the credit crisis is that the price of gold did not climb higher than it did. Upon the initiation of the crisis in August 2007, the price of gold surged reaching a high of $1002.95 on March 14, 2007. Since then the cost of the precious commodity has fluctuated with the most recent price action sending it to recent lows of 725.74. However, given the pervasive uncertainty in markets we think that this represents a strategic buying opportunity on the back of our bullish call for gold to spike towards $1100 in 2009 with the potential for a much larger move over the longer term. Read full article... Read full article...
Friday, October 24, 2008
Spot Gold Hits New Low as Stocks and Sterling Crumble / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD sank yet again Friday morning, sinking to a fresh 13-month low for US buyers at $683 per ounce.Global stock markets and commodity prices also crumbled once more in the face of huge gains in the Dollar and Yen – the two currencies most owed by leveraged investors worldwide.
Read full article... Read full article...
Thursday, October 23, 2008
Gold Crashes to 50% of Bull Market, Recovery Rally Expected / Commodities / Gold & Silver
By: Mike_Paulenoff
The very long-term chart pattern shows that the streetTRACKS Gold Shares (NYSE: GLD) has retraced 50% of its entire prior bull run (2005-2008), and so far has shown initial signs of reversal just above critical long-term support between 68.50 and 63.50. As of this moment, the weight of my technical work argues for a recovery rally into the 74.50-75.00 target zone, which could prove to be either the start of a very powerful upleg, or merely a recovery bounce prior to another loop to 70.00 or lower to complete the weakness from the March highs. Read full article... Read full article...
Thursday, October 23, 2008
Credit Deflation Brings Down Gold Bull Market / Commodities / Gold & Silver
By: Chris_Galakoutis
Why would Credit Deflation bring down Gold when Credit Inflation didn't send it to the moon?
I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not experience inflation as quickly as some might expect.
Read full article... Read full article...
Thursday, October 23, 2008
Gold Bulls Running Scared on Price Collapse / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold's recent sharp selloff has continued and even the most ardent gold bulls are getting nervous. Bearish sentiment is very prominent and the level of fear in the precious metal markets suggests that a low is likely in the coming days. Leveraged players in the futures market are dumping paper positions wholesale while astute contrarians are using this as an opportunity to buy physical bullion at firesale prices.Read full article... Read full article...
Wednesday, October 22, 2008
Dow Gold Ratio Hits 80 Year Extremes, Time to Buy? / Commodities / Gold & Silver
By: Adrian_Ash
"...It's always darkest before it's pitch black..."
YOU MIGHT LIKE to know, if you put store by such things, that the US stock market just sank to a 14-year low against gold.
Read full article... Read full article...
Wednesday, October 22, 2008
Loading Up on Silver Below $10 / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.
I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.
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Wednesday, October 22, 2008
Gold, Stocks and Commodities Slump / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.Read full article... Read full article...
Wednesday, October 22, 2008
Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.Read full article... Read full article...
Tuesday, October 21, 2008
Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver
By: The_Gold_Report
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider. Read full article... Read full article...
Tuesday, October 21, 2008
Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal. Read full article... Read full article...
Tuesday, October 21, 2008
Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.Read full article... Read full article...
Tuesday, October 21, 2008
Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.Read full article... Read full article...
Monday, October 20, 2008
For Gold Investors Hope Springs Eternal / Commodities / Gold & Silver
By: Captain_Hook
Picking things up from yesterday , the theme of today's message is the same, albeit it appears we may have witnessed a temporary bottom in equities with the significant reversals. Rising short sales and put / call ratios are accelerating, showing signs of capitulation, along with the larger equity complex being short-term oversold. So, when you add an exploding liquidity picture to the background combined with falling interest rates around the world – hey – who can argue – it appears a bounce is in order. Here's the sticking point however, as with the 1929 pattern , don't be surprised if lower lows are vexed in late October / early November, as the public may not get sufficiently bearish in the options market in order to keep a sufficient number of negative bets on until closer to election time. Read full article... Read full article...
Monday, October 20, 2008
Silver Technicals Ripe for Explosive Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
Needless to say, the iShares Silver ETF (AMEX: SLV) has been in the grasp of a vicious and relentless multi-month bear phase in the aftermath of a 7-month powerful advance from 11.00 to 20.73. In fact, spot silver prices have not been this low since Februay 2006 and have retraced all of the bull move from around $9 to $21.50. Compared to the weakness in gold, silver has crashed, losing 65% of its value versus 23% in gold. Clearly, the need to deleverage and to raise cash hit the silver market much more severely than it did the gold market, which cut in half the gold/silver ratio -- no reflecting 82+ ounces of silver needed to equal the value of 1 ounce of gold. Read full article... Read full article...
Monday, October 20, 2008
Indian BSE Stock Market Crash and Lack of Gold Demand / Commodities / Gold & Silver
By: Alex_Wallenwein
Indians have not really become ‘anti-gold.' They are just undergoing a natural re-evaluation process. The global crisis makes the outcome rather predictable. It's lonely out in gold-land without Indians doing their traditional holiday buying. What's the deal? Why are they staying on the sidelines? Read full article... Read full article...
Monday, October 20, 2008
Gold Slips as Stocks Rally / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back two-thirds of a 3.4% rally early Monday, trading below $795 an ounce as Asian stock markets closed sharply higher and US Treasury bonds fell.Crude oil pushed up to $74.50 per barrel, while soft commodities and base metals bounced hard – up more than 2.5% on average – following last week's collapse.
Read full article... Read full article...
Monday, October 20, 2008
China Should Buy All IMF Gold Says "Father of the Euro" / Commodities / Gold & Silver
By: Mark_OByrne
Gold has rallied 2.5% this morning after falling some 8% last week as the “dash for cash” and the deleveraging of the international financial system gathered pace. In the process gold gave up most of the gains of the last 5 weeks in just one week. Gold was trading at some $740/oz on September 11 th and subsequently surged to over $924/oz as Lehman Brothers collapsed and the global financial crisis deepened.Read full article... Read full article...
Sunday, October 19, 2008
Silver Price Collapse Shows Silver is No Precious Metal / Commodities / Gold & Silver
By: Clive_Maund
Silver may be classed as a "Precious Metal" but it has certainly not received any special treatment these past few months, during which it has been sold down heavily along with most other commodities, in marked contrast to gold, which has held up well.Read full article... Read full article...
Sunday, October 19, 2008
Gold Extremely Bearish Heading for New Lows / Commodities / Gold & Silver
By: Merv_Burak
It's been down hill all week with only Wednesday providing a minor bit of relief. It looks like we might be heading for new lows as early as this coming week. Never a dull moment.Read full article... Read full article...
Friday, October 17, 2008
Silver Physical Delivery Delays- Open Letter to CTFC / Commodities / Gold & Silver
By: David_Morgan
To Mr. Bart Chilton, Commissioner, CFTC and Ms. Janet Troyke, Director Market Regulation, CME Group :
In full and proper disclosure, I would like to ask the CME/COMEX and CFTC the following question regarding monthly delivery of silver.
Read full article... Read full article...
Friday, October 17, 2008
Gold and Deflation / Commodities / Gold & Silver
By: David_Morgan
The question has been pouring in: “What happens to gold during a deflation? Of course, many of my readers are equally if not more interested in what happens to silver in a deflation as well.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Forecast and Analysis Online Video / Commodities / Gold & Silver
By: INO
There's no doubt about it, these are volatile times and that is reflected in the broad swings in all of the markets. One market that had a huge move today (10/16) may have produced a game changer that you can make money on. Read full article... Read full article...
Friday, October 17, 2008
Gold Drops in the Face of Deleveraging / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE Spot Gold bullion slid further on Friday, dipping to a new one-month low beneath $785 an ounce as inter-bank lending rates eased on an historic flood of government cash into commercial bank coffers.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Crash on Hedge Funds Forced Selling / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell some 4% yesterday with forced selling being seen as hedge funds continue to deleverage and pension funds and other passive investors sell the various commodity indices. Also reports from Barclays that some European central banks had sold some 7.6 tons of gold during the week also acted to depress the market.Read full article... Read full article...
Thursday, October 16, 2008
Another Dow Jones Crash; Another Reason to Buy Gold? / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: The credit collapse is not entirely over. Nor is its impact on Main Street.
And as we saw yesterday, there will be more sell-offs, sharp ones that scare the dickens out of nearly everyone.
Read full article... Read full article...
Thursday, October 16, 2008
Dow Gold Ratio Sinks to 14-Year Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of GOLD BULLION twice bounced off $830 an ounce early Thursday – the floor set five times already this week – as world equity prices sank yet again.Hurricane Omar strengthened to category 3 in the Caribbean, but the price of crude oil sank to a fresh 14-month low below $73 per barrel.
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Thursday, October 16, 2008
Gold Holds Steady In face of Massive Deleveraging of Global Financial System / Commodities / Gold & Silver
By: Mark_OByrne
Gold has remained resilient despite stock markets collapsing again internationally. Asian stock markets have fallen sharply with the Nikkei collapsing by more than 11%. European markets are down between 2% and 5.5% in early trading after recovering from steeper losses at the open. Read full article... Read full article...
Wednesday, October 15, 2008
Central Banks Throwing Trillions to Save Burning Banks / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: If the Central Banks were our kids, we'd be taking their credit cards away. They are spending us into the poor house!
Sure, Wall Street is at the rotten root of this crisis. Their toxic debt is poisoning the global economy and financial system. But there's plenty of blame to go around.
Read full article... Read full article...
Wednesday, October 15, 2008
Gold Slides with Stocks as Governments Go on Bank Debt Binge / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped 1.7% into the US opening on Wednesday, dropping back to $833 an ounce for the fourth time in a month as the Dollar bounced on the forex market and world equity prices sank for the sixth time in 11 sessions. Read full article... Read full article...
Tuesday, October 14, 2008
Gold Bull Alive and Well ……….at least Outside the United States! / Commodities / Gold & Silver
By: Ronald_Rosen
Certain subscribers from Australia and Canada have been writing in during the year saying that they had bought gold when it was at $x, gold had gone up, and yet their investment had not. Well, with the exception of US citizens, gold is in a roaring bull market because of the exceptional strength of the US Dollar since March of this year. Far from topping out in March, gold in other countries is still reaching new highs. This strength caught most investors out, and particularly a number of hedge funds which have had to liquidate because of losses incurred through being short of the dollar and long commodities. Read full article... Read full article...
Tuesday, October 14, 2008
Gold Consolidates at New Highs in Euro and Sterling / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to consolidate after its 3% rise last week. Given the scale of money creation and digital money printing gold taking place in the US and internationally, gold looks set to surge in the coming weeks as physical demand is unprecedented and supply remains lackluster at best.Read full article... Read full article...
Tuesday, October 14, 2008
Gold Slides as Global Stock Markets Soar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slid from an overnight rally as the US opening drew near on Tuesday, trading 3% lower against most major currencies from this time last week while world stock markets continued to leap thanks to the promise of almost $2 trillion in tax-payers' money.The Japanese Nikkei index leapt a record 14% on the day, recovering just over half of last week's huge losses.
Read full article... Read full article...
Tuesday, October 14, 2008
End of Private Banking System Era and the Gold Primary Bull Market / Commodities / Gold & Silver
By: Brian_Bloom
Some months ago this analyst began voicing his view that what we are witnessing is the end of an old era and the commencement of a new one. Events of the past two weeks have certainly had no precedent. Comparing the market's behavior today with that of 1929-1933 ignores the fact that in those days there was not the quadrillion dollar derivatives risk exposure that some analysts argue exists today. Read full article... Read full article...
Tuesday, October 14, 2008
Trading the Silver to Gold Price Ratio / Commodities / Gold & Silver
By: Peter_Degraaf
Historically (1808 – 2008), the ratio between gold and silver has been 33 ounces of silver equals one ounce of gold. More recently, say 1978 – 2008, the ratio has widened to on average, 60 ounces of silver buys one ounce of gold. At the extremes the ratio fell to 17:1 in 1980 as both metals peaked; and rose to 100:1 in 1991 during the depth of the recession. Read full article... Read full article...
Monday, October 13, 2008
Gold Bounces from Friday Crash as Governments Nationalise Banks / Commodities / Gold & Silver
By: Adrian_Ash
Gold Prices gave back an initial 2% rally in Hong Kong and London trade on Monday, standing $10 an ounce higher from Friday's close at $858 as world stock markets bounced almost 6% from last week's record sell-off on news of bank nationalizations and government bail-outs.Read full article... Read full article...
Monday, October 13, 2008
Why Gold Is Dropping When It Should Be Rising / Commodities / Gold & Silver
By: Alex_Wallenwein
Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, “because Comex-gold isn't gold” – and because it deceptively pretends to be 'the' price-setter for real gold.
Gold is gold, paper is paper, and “Comex gold” is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked.
Read full article... Read full article...
Sunday, October 12, 2008
Gold Gains Wiped Out By Chaotic Price Action / Commodities / Gold & Silver
By: Merv_Burak
While the world's markets were dropping like a rock all week long gold was moving higher, until Friday. Almost the full week's gains were whipped out on Friday. So, now what? A person would have to be nuts to try and forecast what's to come in this environment. Let's just see where we are and go with that. Read full article... Read full article...
Friday, October 10, 2008
A Credit Crisis? No its a Confidence Crisis! Gold? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Events on the banking, credit and foreign exchange fronts are behaving in a startling and frightening way. Not only are equity markets crashing but currencies are worrisome especially now with what appears to be a strong $, but falling against the Yen. We saw a dropping € against the $, with the news from the Eurozone confirming it is infected with the same financial virus as the States. With both currencies weakening, their relationship to each other is losing relevance as they fall against gold. This is now confirmed as gold broke through the $900 barrier this week. Yes, as the currencies are falling against gold, it's not simply a credit crisis out there. Let's call a spade a spade; it's a confidence crisis! Read full article... Read full article...
Friday, October 10, 2008
Gold Breaks Higher as Global Stock Markets Crash / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES to a new 11-week high early Friday before slipping back to $905 an ounce for US investors as world stock markets plunged into what's now the worst five-day crash since the wipe-out of Oct. 1987.Read full article... Read full article...
Friday, October 10, 2008
Gold Surges on Safe Haven Stock Market Panic Buying / Commodities / Gold & Silver
By: Mark_OByrne
While gold has again surged on safe haven buying overnight (and is up since 20% since the financial and economic crisis deepened), there is increasing surprise that gold has not surged to its recent record highs especially as there are deepening shortages of retail bullion internationally and the gold holdings of gold ETFs continue to surge.Read full article... Read full article...
Friday, October 10, 2008
Methods for Estimating the Price of Gold / Commodities / Gold & Silver
By: Mike_Hewitt
There are several different approaches to calculating a theoretical price for gold. The purpose of this essay is to calculate this figure using two different methods. For each, the total ounces of gold above ground will be divided by: Read full article... Read full article...
Thursday, October 09, 2008
Gold Ready to Skyrocket? / Commodities / Gold & Silver
By: INO
Hi, this is Adam Hewison. I have just finished a new video on gold that I would like you to see. This new video deals with some of the strange events that we've been going through the past two or three weeks, or in some cases several months. Read full article... Read full article...
Wednesday, October 08, 2008
Gold and the Flood of Cheap Government Money / Politics / Gold & Silver
By: Paul_Tustain
"...If we allow governments to control finance, we give them extraordinary power over which projects are allowed and which are deemed inappropriate..."
The BRITISH PRIME MINISTER , Gordon Brown, says the current mess in world finance and credit is the fault of "irresponsible" bankers.
Read full article... Read full article...
Wednesday, October 08, 2008
7 Trillion Reasons to Own Gold / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brokerick writes: In just a few short weeks, America has gone from looking at a potential economic downturn to staring into an economic abyss.
In a matter of days , confidence in the Federal Reserve's ability to unfreeze our nation's credit markets has nearly vanished.
Read full article... Read full article...
Wednesday, October 08, 2008
Gold New Record High on Panic Interest Rate Cuts / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt once again in London trade on Wednesday, reaching $915 an ounce for US investors as the US Federal Reserve led a co-ordinated cut of 0.5% to major world interest rates.Currencies were left little changed against each other, but the Gold Price in British Pounds jumped to a new all-time record above £525 an ounce.
Read full article... Read full article...
Wednesday, October 08, 2008
Emergency Central Bank Interest Rate Cuts Boost Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied yesterday on increasing risk aversion as stock markets continued to crash internationally (gold closed at $880.70 up $18 and silver closed at $11.34 up 7 cents). Gold has surged to new record highs in most major currencies including the Australian dollar, British pound (£517) and Euro (€662) as the global contagion deepens. Therefore, gold is again acting independently of the dollar and despite recent dollar strength has rallied sharply in all major currencies.
Read full article... Read full article...
Wednesday, October 08, 2008
Severe Bull Market for Gold / Commodities / Gold & Silver
By: The_Gold_Report
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks . In this exclusive interview with The Gold Report, Wiegand predicts a “severe bull market” for gold that will include both juniors and seniors. He advises selective buying and names several of his favorites. The Gold Report: When we spoke in mid-July, at the height of the market, you predicted a major downward correction.
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Tuesday, October 07, 2008
Gold Crisis and Inflation Hedge Expected to Outperform Crude Oil / Commodities / Gold & Silver
By: Dr_Krassimir_Petrov
1. Introduction Over the last 7-8 years, gold has consistently underperformed oil. Gold bulls are worried – after all, why invest in gold, when oil delivers a better performance, and so are apparently copper, uranium, and a number of agricultural commodities. The answer is simple – during the early stage of this commodity bull market (2000-2006), the fundamentals of oil were much better than gold. However, the relative fundamentals will reverse in later stages, when gold will dramatically outperform oil. This is simply the nature of the current commodity bull market.
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Tuesday, October 07, 2008
Real Price Of Gold Soars / Commodities / Gold & Silver
By: Mike_Shedlock
Gold in "Real" terms is soaring. "Real" in this case means how much an ounce of gold will buy. Let's compare gold to a commodities, to silver and to the stock market, starting with a basket of commodities as measured by $CRB commodities index. Charts are as of 2008-10-06. Read full article... Read full article...
Tuesday, October 07, 2008
Gold Pushes Higher as Silent Bank Run Continues / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION PRICES rose further in London on Tuesday, touching $888 an ounce and unwinding last week's action entirely as world stock markets rallied from their new record sell-off.Rumors starting late in New York ran from Tokyo to London, claiming that the US Fed and other big central banks are set to slash global interest rates in joint action.
Read full article... Read full article...
Tuesday, October 07, 2008
Credit Crisis Bailouts A Calamity Of Errors / Commodities / Gold & Silver
By: Captain_Hook
Between Lehman Brothers and the AIG bailout , Western central banks have already printed somewhere in the neighborhood of half a trillion dollars this week, and it's not over as Washington Mutual, amongst others, are said to be up next. While undoubtedly being a record for such largesse, because these measures are simply monetizing bad debt of insolvent companies, as pointed out previously, the effect on the consumer's liquidity condition is minimal. In fact, when you add up all the stock market losses, amongst other things , the average investor remains worse off, and deteriorating.Read full article... Read full article...
Monday, October 06, 2008
Gold and Silver Price Manipulation / Commodities / Gold & Silver
By: Mario_Innecco
An Official Market and a Free Market in Gold and Silver. I remember when I lived in Brazil the local currency was like confetti and if you wanted to protect yourself against inflation and currency collapse you had to hold U.S. dollars. Holding dollars, if you could get a hold of it, was very worthwhile as every month that went by you could buy a great deal more of cruzeiros, new cruzeiros, cruzados or reais.Read full article... Read full article...
Monday, October 06, 2008
Gold Leaps on Failed Bailout Economic Deflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped $34 early in London on Monday, bouncing well above last Friday's low at $820 to touch $860 an ounce as world stock markets sank in the face of desperate promises of Tax-Funded Aid from major governments.Read full article... Read full article...
Sunday, October 05, 2008
Gold Stock Investors Looking at Huge Losses / Commodities / Gold & Silver
By: Merv_Burak
The magnification factor at work, on the down side. Gold drops less than 5% while gold stocks drop more than 15%. It worked on the up side, now we see it working on the down side. Although a long term bear market in gold bullion may be argued it sure is a bear for stocks with the average stock down 52% since their highs only a few months back. Read full article... Read full article...
Friday, October 03, 2008
Central Bank Gold Sales Coming to an End? / Commodities / Gold & Silver
By: Julian_DW_Phillips
In the week ending 26th September 2008, the final week of the fourth year of the Central Bank Gold Agreement, two Eurosystem central banks sold less than 1 tonne of gold to complete the fourth year's sales. This makes a total for the year at around 345.5 tonnes of gold sold by the signatories. Read full article... Read full article...
Friday, October 03, 2008
Gold Falls with Euro, Stock Markets, Crude Oil & US Jobs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell hard into the Wall Street opening on Friday, losing 2% to reach a new two-week low of $824 an ounce as Asian stock markets closed sharply lower.European shares reversed earlier gains. Crude oil slid back to $94 per barrel.
Read full article... Read full article...
Friday, October 03, 2008
Gold Sharp Fall Despite Surging Investor Demand Blamed on Short-sellers / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell sharply yesterday on lower oil prices and the recently surging dollar, despite unprecedented physical demand for coins and bars in the UK, US and internationally ( gold closed at $840.40 down $40.20 while silver closed at $11.57 down $1.04 ). As warned yesterday, anything is possible in the short term in these markets and leveraged trading in futures, CFDs and spread betting is an extremely high risk endeavour in the current markets and not advisable.
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