Category: Gold & Silver 2009
The analysis published under this category are as follows.
Tuesday, October 06, 2009
Gold Breakout and Dollar Breakdown Signaling Big Political Crisis Brewing / Commodities / Gold & Silver 2009
By: Brian_Bloom
As the price of GLD (a proxy for gold) is approaching the apex of a triangle, there “must” be a resolution of the direction in the next few days. (Chart courtesy Bigcharts.com)
Tuesday, October 06, 2009
Silver the Real Bull Market / Commodities / Gold & Silver 2009
By: Richard_Daughty
One of the most interesting news items I’ve found was on the cover of The Financial Times, where I learned that a guy named Lahde “made tens of millions of dollars from betting against the financial and property sectors during [the] past two years,” and he now wanted to thank “the low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA” who made it all possible for him to find enough suckers.
Tuesday, October 06, 2009
Gold Vs Fiat Currencies / Commodities / Gold & Silver 2009
By: Guy_Lerner
Figure 1 is a concept that I have put forward before, and it is gold's performance relative to a basket of 8 currencies.Those currencies are: 1) Australian Dollar; 2) Canadian Dollar; 3) Swiss Franc; 4) Eurodollar; 5) British Pound; 6) Singaporean Dollar; 7) Japanese Yen; 8) US Dollar. This is a weekly chart.
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Monday, October 05, 2009
Gold Off The Launching Pad / Commodities / Gold & Silver 2009
By: Guy_Lerner
Back on April 30, 2009, when gold was trading at $895 per ounce, I wrote an article suggesting that gold was on the appropriate launching pad for a sustainable move. At that time, I did not clarify what direction that move would be. Honestly, I did not know. I did know that gold had been consolidating in a range (which I could quantify), and similar consolidations in gold usually led to a breakout in either direction.
Monday, October 05, 2009
Bull Flag for Silver SLV ETF / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
After a bumpy start, the iShares Silver Trust (NYSE: SLV) long position is recovering in sympathy with the climb in gold prices today, which itself is a reflection of continued weakness in the US dollar. Purely from a technical perspective, the SLV has established a bouble bottom corrective low around 15.60.
Monday, October 05, 2009
Gold Continues to Rally on Rising on Risk Appetite / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE WHOLESALE PRICE OF PHYSICAL GOLD held tight around London's AM Gold Fix of $1004.25 an ounce early Monday, starting the week 1.4% higher from last Monday as world stock markets opened the week 4% down.
Government bond prices rose, pushing the yield offered by 10-year UK gilts down to 3.43%, their lowest level since late April.
Monday, October 05, 2009
Gold Surges Through $1,000 as Poor US Jobs Report Leads to Renewed Risk Aversion / Commodities / Gold & Silver 2009
By: GoldCore
Gold surged back through $1,000/oz on Friday, as the dollar weakened based on poor US non-farm payroll data. It is holding above that level and a continued hold above $1,000/oz should signal that gold has strong fundamentals despite its recent behaviour being influenced by short term dollar fluctuations.
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Sunday, October 04, 2009
Gold and Silver Quick Consolidation or Serious Breakdown? / Commodities / Gold & Silver 2009
By: Przemyslaw_Radomski
In my previous essay, I commented i.a. on the situation in the U.S. Dollar. I wrote the following:
There are several factors that make me think that we may move a little higher - above 77 but not higher than the 78 level. The declining trend line (thick blue line) provides a solid resistance right now, and it has not been reached yet. Moreover, the breakdown below December 2009 low has not been verified yet, and a brief move higher from here would verify it.
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Sunday, October 04, 2009
Gold Needs to Hold Important Support / Commodities / Gold & Silver 2009
By: Douglas_V._Gnazzo
Gold - Gold had a good week, gaining $12.10 (+1.22%) to close at $1003.00 for a weekly gain of +1.22%. So far this year gold is up 13.7%.
The daily chart below shows GLD testing its recent breakout above the June high, as marked by the dotted horizontal support line. Gold has already tested this level previously and bounced higher.
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Sunday, October 04, 2009
Gold Long-term Rating Remains Bullish / Commodities / Gold & Silver 2009
By: Merv_Burak
So, the 2016 SUMMER Olympics will be held in WINTER. Do I have that right? On the other hand I guess it’s summer all year round in Rio. Nothing helped the precious metals market this week. Maybe we’ll see more movement this coming week.
Sunday, October 04, 2009
Gold Price Forecast October 2009 Update / Commodities / Gold & Silver 2009
By: Bill_Downey
There was financial life before the 2008 meltdown……….and there is going to be life after the 2008 meltdown. It is the most significant event in modern day financial history as far as the total effect and financial drawdown that it has unleashed. It’s a shock wave and repercussion that stems from the August 1971 removal of the United States Dollar from the gold standard by Richard M Nixon. If you have time I urge you to watch the broadcast from that evening. You can Google it. It’s worth the listen, especially listening to Nixon telling the American people that this is being done for their sake and their well being. Telling us that it’s to make the nation competitive again (sic). To teach the dollar speculators a lesson proclaimed Nixon. Watching it now, I couldn’t help but ponder how naïve we must all have been to swallow that dialogue.
Friday, October 02, 2009
What Do Gold Price Fundamentals Say about the Future of Money? / Commodities / Gold & Silver 2009
By: Julian_DW_Phillips
The gold price is now holding just below $1,000 and consolidating. Why is it at a high point having fought to get there over the last 18 months or so? Since it first broke through the 30 year high of $850 it has held its ground. It has steadily built a base over $850 and is moving if it has not already moved to a clear Point of Resolution, where it will show itself as either having had its day or is at the beginning of a new day. Which way will it go? As many believe that it move the opposite way to the $, it is telling us that the $ is also at a Point of Resolution.
Friday, October 02, 2009
New Upleg for Gold? / Commodities / Gold & Silver 2009
By: Mike_Paulenoff
Gold -- and the SPDR Gold Shares (NYSE: GLD) -- has rocketed off of its lows, largely in reaction to the weaker dollar that emerged in the aftermath of the disappointing Jobs data -- and because Mr. Market senses that the Gov't may well have to pump additional substantial liquidity into the "economy" to avert another deflationary downward spiral...which is perceived to be bullish "eventually" for gold.
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Friday, October 02, 2009
Gold Drops with Stocks Hits Worst US Jobs Data in 26 Years / Commodities / Gold & Silver 2009
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD fell hard in London on Friday, slipping to a three-day low of $989 per ounce after the United States reported its worst unemployment rate since June 1983.
Global stock markets had already sunk for the fourth session running, before the US Dollar rose further – adding to last night's two-week high – on news of 263,000 job losses in September.
Friday, October 02, 2009
Gold's Record Monthly Close Is Significant from a Technical Perspective / Commodities / Gold & Silver 2009
By: GoldCore
Gold is down slightly this morning but still continuing to knock on the door and consolidating near the psychological $1,000/oz mark. The gold market will probably be relatively quiet until the release of US non- farm payroll data this afternoon. Depending on the figures, which are expected to be quite poor, an aversion to risk should further bolster gold's appeal.
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