Category: Gold and Silver 2010
The analysis published under this category are as follows.
Monday, September 27, 2010
Gold a Bubble? / Commodities / Gold and Silver 2010
By: Michael_J_Kosares
NOT - EVEN - CLOSE - With the number of financial bubbles inflating and bursting over the past decade and a half, it isn’t surprising that financial analysts have their “bubble-dar” honed and active. What is surprising though is the large number who have resoundingly dubbed the gold market as “the next big bubble.” But is it? Most gold owners reject claims that gold is in a bubble, but they might not be sure exactly why. The most concrete and convincing evidence against gold being in a bubble, though, is right in front of us.
Monday, September 27, 2010
Gold Bullion vs Paper Gold, Rock Crushes Scissors / Commodities / Gold and Silver 2010
By: Captain_Hook
You may remember my commentary entitled Paper Cover Rock from the end of July in which the game ‘rock paper scissors’ was employed to illustrate how at the time our bureaucracy’s price managers (the bank cartel, etc., call them what you will) crushed gold (and silver) going into August options despite excessive bearish sentiment at the time to prove a point, the point being prices will be contained no matter what. The idea here is paper pricing mechanisms (they are not true markets because of heavy manipulation) the bureaucracy uses to price precious metals (COMEX in this case) were successful in keeping prices contained in July, hence the title ‘paper covers rock’ at the time to reflect the outcome. Again, this was the outcome despite lopsided bearish bets at $1200 and above in COMEX Gold open interest put / call ratios, a primary measure of sentiment, that was suggestive prices should have been squeezed higher going into expiry, not the other way around.
Monday, September 27, 2010
Gold - Currency Status since 2600 BC, Like A Thief In The Night / Commodities / Gold and Silver 2010
By: D_Sherman_Okst
To date, the crime syndicate has struck 3,800 times. At the bottom of this article you will find a partial list of the mob hits that have been made by the organized crime syndicate many refer to as: La Cosa Nos(Cen)tra(l) Banksters. The families of the diseased are large - entire nations. They made the unfortunate and common mistake of trusting their late, and once rich Uncle Currency with safeguarding the value stored in their life savings. Those that didn’t take out a life insurance plan suffered. Many, like the little children of Argentina, actually starved to death.
Monday, September 27, 2010
Gold Breaks $1300 as London Bullion Market Meets Investment Demand / Commodities / Gold and Silver 2010
By: Adrian_Ash
Spot Gold Prices broke above $1300 an ounce early in London trade on Monday, pulling silver to new 30-year highs above $21.60 as world stock markets crept higher.
US crude oil contracts held north of $76 per barrel while the US Dollar recovered from new 5-month lows to the Euro, hit overnight in Asian trade.
Monday, September 27, 2010
Don’t Fear the Gold Dealers. Fear The Government! / Commodities / Gold and Silver 2010
By: Brady_Willett
CNBC ran an interesting article last Friday entitled, “Lawmakers Take Steps to Protect Gold Investors”. The article discussed how politicians are questioning the tactics used by those selling gold, with Rep. Anthony Weiner contending, “The television gold industry is an industry, and is led by one particular company that has built up the industry on fear, lies and rip-offs.”
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Monday, September 27, 2010
Gold And Silver Bull Market Breakouts / Commodities / Gold and Silver 2010
By: Howard_Katz
Above are the weekly basis charts for gold and silver for the past 3 years. Two weeks ago silver broke out of a symmetrical triangle and started to move aggressively to the upside.
Sunday, September 26, 2010
Return of Quantitative Easing Good for Gold / Commodities / Gold and Silver 2010
By: Frank_Holmes
The Federal Reserve said two words in its statement this week that should make every gold investor happy: Quantitative Easing. The Fed hinted that we may see additional QE measures as early as November. The news is good for gold investors because it means there could be more dollars chasing a finite amount of resources, further devaluing the U.S. dollar.
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Sunday, September 26, 2010
Gold Excitement Builds Around $1300 Round Number / Commodities / Gold and Silver 2010
By: Merv_Burak
Other than Tuesday it was a pretty good week. There was all that excitement about the $1300 mark for gold but let’s get real, it’s only a number. We have higher numbers on our mind.
GOLD - This is a busy week-end so the commentary will be pretty short and only the facts.
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Saturday, September 25, 2010
Gold Historic Rally Continues, No Bubble Yet / Commodities / Gold and Silver 2010
By: Brady_Willett
Gold broke above $1300 an ounce on Friday and silver ended at a new 30-year high. Whether these gains are sustainable over the near term is impossible to comment on. What can be said is that gold is likely to remain in a long-term uptrend so long as the central banks continue to try and manipulate currency and asset prices, and/or the outlook for fiscal deficits remains worrisome. In other words, gold and silver today serve as both a hedge against the downfall of fiat money and the threat of major sovereign default(s).
Saturday, September 25, 2010
Gold Price Surge, The Inner Workings of the International Gold Market / Commodities / Gold and Silver 2010
By: Bob_Chapman
We recently saw gold at $1,300.00 an ounce. That is a long way from $35.00 an ounce on August 15, 1971, just a year shy of 40 years, from when President Nixon closed the gold window. Over the past ten years gold has been up about 20% a year. Shares and mint state graded numismatic coins have certainly outperformed gold bullion. We suppose we’ll know in the final analysis what government manipulation has done to prices and results. We believe that what they have done has been criminal for which they will never be prosecuted. On the other hand buyers have had an unprecedented opportunity to buy gold and silver, bullion, coins and shares at artificially suppressed prices. That condition still exists. Year-to-date in 2010 gold is up about 17%.
Saturday, September 25, 2010
Silver the Bargain Investment of the Century? / Commodities / Gold and Silver 2010
By: Richard_Daughty
To prove that all my yelling, “Buy silver now, or you’re a moron!” has paid off, silver is getting a lot more press coverage lately, like the headline “Silver Hits ’80 Level; Gold Sets Fresh High,” which appeared on the front page of The Wall Street Journal’s “Money and Investing” section.
The reason that gold at $1,271 was hitting new record-highs, but not silver, is that silver, at $20.74 per ounce, is only at the highest price since October 1980, which is almost exactly 30 years ago.
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Friday, September 24, 2010
Remobilize Gold to Save the World Economy! / Commodities / Gold and Silver 2010
By: Professor_Emeritus
An open letter to Paul Volcker, Chairman of the Board of Governors of the Federal Reserve, 1979-1987; Chairman of President Obama's Economic Recovery Advisory Board, presented to him, in person, last year
Friday, September 24, 2010
Gold Freedom Versus The Banking Cartel End-Game / Commodities / Gold and Silver 2010
By: DeepCaster_LLC
“Put money in thy purse…”
Othello Act 1, Scene 3, Shakespeare
"The inevitable and rapid deterioration in government finances will almost certainly trigger a new wave of demand for gold. This demand is not yet understood by those market professionals who assume that rising prices will generate sufficient supply from profit takers. This is usually true in other markets, but the buyers of gold today are mostly hoarders, and hoarders tend to buy more on rising prices as their earlier fears appear to be vindicated. So the difficulty for those who want to put a lid on this market is that rising prices will lead to accelerating demand."
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Friday, September 24, 2010
Gold Stocks Recovery, Autumn Strength / Commodities / Gold and Silver 2010
By: Zeal_LLC
Gold’s typical autumn strength has been garnering a lot more interest than usual this year. Since its late-July seasonal low 8 weeks ago, this metal has rallied over 11%. But the limelight really didn’t start shifting to gold until last week, when it started achieving new all-time highs in nominal (not inflation-adjusted) terms. All this new gold attention is rekindling interest in the gold miners.
Friday, September 24, 2010
Will Gold Become Money as Currencies Race to the Bottom? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
In the last two weeks we have seen the U.S. dollar move from $1.2751 to $1.3450 against the Euro. It has also fallen against the Pound, the Yen and the Swiss Franc. The Japanese government via the Bank of Japan is weakening the Yen as we write this. The dollar index has fallen to 0.79 [a 4% drop] and points to a further major drop still. The breakdown through support is critical and will incite arguments that the U.S. itself going to weaken the dollar via coming Quantitative Easing. Meanwhile, the gold price is nudging the record price of $1,300 and promising much more!
Friday, September 24, 2010
Gold Acting as "Barometer" of Global Currency Devaluation / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD came within 80¢ of $1300 an ounce Friday morning in London, with front-month gold futures in New York breaching that level, as trader-room rumors said the central banks of both Japan and Switzerland were actively selling their own currencies to depress them on the forex market.
US crude contracts oil rose back above $75 per barrel. World stock markets rose as the Dollar fell on the currency market.
Friday, September 24, 2010
Silver Hits 30 Year Record High at $21.41 / Commodities / Gold and Silver 2010
By: GoldCore
Gold and silver eked out further marginal gains yesterday to close at $1294.30/oz and $21.17/oz. Both have risen again in Asian and European trading with continuing nervousness about the robustness of the economic recovery and loose monetary policies leading to continuing demand. Gold is teasing market participants by hovering just below the psychological $1,300/oz level. Reaching $1,300/oz seems inevitable and market participants are now looking to $1,400/oz, however a correction might come about after the headline 1,300/oz number is reached.
Thursday, September 23, 2010
Alaska’s New Gold Mining Rush / Commodities / Gold and Silver 2010
By: Casey_Research
Louis James, Senior Editor, Casey’s International Speculator writes: Alaska is one of the most prospective and yet most underexplored areas in the world. There are good reasons for the neglect, most notably the long, cold winters and the lack of infrastructure. Whether the latter is a result of, or a cause of, there being few people in the state is an open question.
One clear result, however, is a rather small economy: Alaska’s 2009 GDP was US$47.3 billion, comparable to that of the Dominican Republic or Bulgaria. The state is ranked 44th by GDP among its U.S. peers.
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Thursday, September 23, 2010
Are Corporate Insiders Ditching Their Firms for Precious Metals? / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
Corporate insiders are flocking out of their own companies, selling $290 in stock for every $1 they buy in S&P 500 firms. With outflows of more than $439 million dollars in equities by corporate insiders and inflows in the billions flowing into precious metals ETFs and securities, would it not be safe to assume that the same insiders dumping their shares are on the buying end of the metals spectrum?
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Thursday, September 23, 2010
Gold Steady Despite Dollar Rally / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD sat tight above $1290 an ounce in London on Thursday morning, holding 1.4% above last week's close as European stock markets extended their losses to 1.2% and crude oil dropped below $74 per barrel.
"Gold has remained fairly steady around yesterday's closing level, in spite of a stronger Dollar," says one London dealer in a note.