Category: Gold & Silver 2009
The analysis published under this category are as follows.
Friday, December 18, 2009
Gold and Silver Correct But What If The Stock Market Really Plunges? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
The recent tumble in the price of gold came as no surprise to experienced technical traders and to readers of Premium Update. We gave you a heads up to close out your speculative gold positions before the beginning of the correction. Keep in mind that even the strongest bull markets need to pause and correct before moving higher. I’m not even sure that the decline we have seen so far should be labeled a correction.
Friday, December 18, 2009
Gold Falls as U.S. Dollar Gains Despite Iran Iraq Conflict Risk / Commodities / Gold & Silver 2009
By: GoldCore
Gold dipped sharply to $1,094/oz yesterday and recovered to range trade from $1,104/oz to $1,109/oz overnight. Gold is currently trading at $1,101.00/oz and in Euro and GBP terms, gold is trading at €770/oz and £683/oz respectively. Gold has given up its early gains and is trading flat on the day so far. Further dollar strength on speculation that the Federal Reserve may begin increasing interest rates sooner than expected has contributed to further falls in the gold market.
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Friday, December 18, 2009
Gold Bounces from 6-Week Low as Oil Jumps on Iranian "Incursion" of Iraq / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD bounced from its lowest Dollar-level since Nov.8 early in London on Friday, trading back above $1100 an ounce as world stock markets also rose but headed into the weekend nearly 1% down for the week.
Nearing a weekly gain vs. the Euro above €770 an ounce, gold showed its third week-on-week loss for UK and US-Dollar investor, down 7% and 10% respectively from early Dec.'s all-time record highs.
Friday, December 18, 2009
Gold Price Pullback Looks Set to Continue / Commodities / Gold & Silver 2009
By: Seven_Days_Ahead
The uptrend in Gold over the last few months was characterized by steady acceleration and muted setbacks. The 27-Nov Dubai sell-off, albeit brief, suggested growing fragility and, after certain Fibonacci projections were reached, the market finally started to let off steam. There should be further downside prior to resumption of the long term uptrend.
Thursday, December 17, 2009
Gold Falls Hard on Stronger U.S. Dollar / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD fell hard in Dollars but held flat for non-US investors early Thursday in London following yesterday's Federal Reserve statement on monetary policy.
Vowing to keep interest rates at zero "for an extended period", the Fed said it will withdraw "emergency liquidity facilities" by Feb. 2010 – including the unlimited Dollar-swaps currently offered to central banks globally.
Thursday, December 17, 2009
Gold Enters Silly Season Trading Zone / Commodities / Gold & Silver 2009
By: INO
We are already in the “silly season” and what I mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
I've had a number requests to do a video on gold, so here it is. As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.
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Thursday, December 17, 2009
Gold Supported by Risk Aversion on Sovereign Debt Risk / Commodities / Gold & Silver 2009
By: GoldCore
There were no surprises from FOMC meeting yesterday and gold rose 1% despite dollar strength and US equities remaining flat. One of the FOMC statement notes may prove important for gold's outlook and this was that the emergency liquidity facilities will be removed on 1st February, 2010.
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Thursday, December 17, 2009
Gold Price Held to Ransom by Interest Rates / Commodities / Gold & Silver 2009
By: Miles_Banner
It’s all gone wrong. The momentum has stopped. Gold’s run has been stunted. Now we need to work out if this is a short term top or a more permanent feature.
Gold looks very pivotal right now. All eyes are on the direction of the dollar. Any hints of interest rate rises will induce a bullish dollar sentiment which would in effect result in a lower gold price. Because of today’s uncertainty the gold price is being held to ransom by speculators reacting to news and data.
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Thursday, December 17, 2009
Political Decision Making Process Guarantees Much Higher Gold Prices / Commodities / Gold & Silver 2009
By: Lorimer_Wilson
"Lack of confidence in the gold price bull prevails. Almost everyone seems obligated to hedge when predicting price, in spite of having marshaled an array of intimidating and compelling facts and arguments" says Arnold Bock and in his article below he questions why there is so much reluctance.
Thursday, December 17, 2009
Gold Beginning of the Current Cycle to $2,000 / Commodities / Gold & Silver 2009
By: David_Morgan
We recently had a chance to interview David Morgan of the Silver-Investor.com—home of The Morgan Report a financial newsletter focusing on Money, Metals, and Mining.
David Morgan is one of the leaders in forecasting growth and value in silver, gold, rare earth elements and other resource opportunities. He offered his thoughts on everything from the future of the U.S. dollar to the current silver and gold price cycle.
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Thursday, December 17, 2009
Gold Price Meteoric Rise Cannot Be Stemmed by Central Bank Agreements / Commodities / Gold & Silver 2009
By: John_Browne
As the price of gold has pulled back from its recent run up to $1,200, many investors are left to ponder what exactly drives the movement of such an important and financially sensitive commodity.
Most people are aware that gold prices respond to inflation expectations and that central banks, as the largest holders of gold, are big players in the market. But there is a very murky understanding as to why and how these players affect prices, and what their ultimate goal may be.
Thursday, December 17, 2009
Chicken Little Nouriel Roubini Says Gold Apparently Has No Intrinsic Value? / Commodities / Gold & Silver 2009
By: Adrian_Ash
Gold has no value. Whereas the Dollar...?
NOURIEL ROUBINI was "one of the few to predict the financial crisis" reckons the Financial Times. Yet plenty of other chicken littles, amateur and professional, had long warned of trouble ahead, too.
Thursday, December 17, 2009
China's Strong Impact on Precious Metals, But Silver Yet to Bottom / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
In my previous essay, apart from commenting on the current situation and suggesting that gold did not reach a major bottom yet, I also examined the situation in China. I wrote the following:
Considering the high savings rate in China (mostly in the 30% - 40% area in the previous years), gold is a logical investment for the Chinese and it’s possible that billions of dollars in Chinese private investment could move into gold in coming years. Already there is talk of China overtaking India as the world’s largest consumer of gold.
Wednesday, December 16, 2009
Gold Bounces as Bernanke Makes Inflation Present and Dangerous / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE PRICE OF GOLD rose in Asian and early London trade on Wednesday, recovering one-fifth of the last fortnight's 10% drop vs. the Dollar and hitting one-week highs against the Euro ahead of today's interest-rate announcement from the US Federal Reserve.
The Fed statement, due at 14:15 EST (19:15 GMT), is not expected to signal any change to the US central bank's current zero-rate policy.
Wednesday, December 16, 2009
Gold Market Awaits FOMC U.S. Interest Rate Statement / Commodities / Gold & Silver 2009
By: GoldCore
Gold and silver were largely unchanged yesterday. Gold is currently trading $3 higher at $1,134/oz due to dollar weakness ahead of the FOMC meeting later. In euro and GBP terms gold is trading at €778/oz and £694/oz. Support for gold is currently seen at $1,113/oz and resistance at $1,149/oz. Read full article... Read full article...