Category: Gold and Silver 2010
The analysis published under this category are as follows.
Wednesday, July 28, 2010
Gold Counting Down to Assault on $1300 / Commodities / Gold and Silver 2010
By: Bob_Kirtley
Sam Kirtley writes: We remain convinced that gold has yet to make its high for the year, and expect an assault on $1300 to begin in about a month from now.
Despite our bullishness, we are not convinced that buying more call options on gold is the right move for now, since we expect action to the upside to be fairly limited over the next few weeks.
Wednesday, July 28, 2010
Stock Market Trend Implications For Gold and Silver / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
In our previous essay entitled Dollar's Never-Ending Plunge and Its Golden Consequence we have analyzed the current situation in the USD Index and its possible influence on the prices of gold, silver and mining stocks (generally we were bearish on gold). We have also provided our thoughts related to one of the questions that we've received from our Subscribers.
Tuesday, July 27, 2010
Gold Technicals / Commodities / Gold and Silver 2010
By: Guy_Lerner
This will be a comprehensive review of gold technicals utilizing the SPDR Gold Trust (symbol: GLD).
Figure 1 is a weekly chart of GLD with key pivot points. As we know, key pivot points are the most important areas of support (buying) and resistance (selling). With today's sell - off, GLD is below support levels at 115.07. Old support becomes new resistance. Support can be found at the 40 week moving average or more likely at the next levels of key pivot support at 108.5.
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Tuesday, July 27, 2010
Gold, Hoping for a Break / Commodities / Gold and Silver 2010
By: Toby_Connor
I want to discuss something that came up on the blog Friday. An anonymous poster hinted that we were going to see more gold weakness in the days ahead because big money had to sell their positions. Folks, big smart money traders don’t sell into weakness. These kinds of investors don’t think like the typical retail investor who is forever trying to avoid draw downs. Big money investors take positions based on fundamentals and then they continually buy dips until the fundamentals reverse. The fundamentals haven’t reversed for gold so I’m confident in saying that smart money isn’t selling its gold, it is using this dip to accumulate.Read full article... Read full article...
Tuesday, July 27, 2010
Gold and Dollar Dip, Silver Gains with Stocks and Commodities / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD slipped back below $1185 an ounce in London trade on Tuesday morning, holding above yesterday's 1-week closing low but remaining "directionless" according to one Chinese dealer.
"Investors are unclear about the immediate trend," agrees Pradeep Unni at Richcomm Global Services in Dubai, telling Reuters that "physical gold buying is only expected to emerge by the end of this month."
Tuesday, July 27, 2010
Gold Basis Screwed / Commodities / Gold and Silver 2010
By: Professor_Emeritus
Who needs a thermometer to know that the heat-wave is on?Fofoa has just published another thoughtful paper with the title: Red Alert: Gold Backwardation!!! http://fofoa.blogspot.com. It raises the question nobody has apparently raised before: "Is the dollar bidding for gold, or maybe gold is bidding for dollars?" And it gives an amazing answer: the gold basis has been screwed and it has been giving bogus signals for more than a year. We have likely had backwardation all this time but it has been stonewalled. There is no real gold market any more. Goldman Sucks is playing with itself. Most trades are bogus, sales as well as purchases. Leases ditto. What Goldman Sucks couldn't get away in a falling market, it can in a rising one.
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Tuesday, July 27, 2010
How Many Ounces of Gold Does it Take to Buy a House? / Commodities / Gold and Silver 2010
By: Jeff_Clark
Jeff Clark, Casey’s Gold & Resource Report Writes: I don’t have a crystal ball, but I’ll bet I can tell you how much a house will cost in five years.
UBS released some interesting research last month on how much gold it takes to buy the average-priced home in the U.S. I put the data to a chart, and it’s quite revealing.
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Monday, July 26, 2010
The Commitment of Traders (COT) Report and Gold Positions / Commodities / Gold and Silver 2010
By: Miles_Banner
Last week saw most commodity prices rally as investor sentiment reacted positively to economic conditions. The gold price didn’t really move much, but, under the surface, big things are still bubbling which could have big repercussions.
The Gold Bugs Index (HUI) is up 5.10% from the start of the year.
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Monday, July 26, 2010
Why Do U.S. Asset Managers Fear Government Gold Confiscation? / Commodities / Gold and Silver 2010
By: Julian_DW_Phillips
Mr Levine of HSBC in a recent gold conference pointed out that some top U.S. Asset Managers were fearful of the possibility of government confiscation of gold. He explained, that on being told that the bank's U.S. vaults had sufficient space available for their gold he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country's strategy in dealing with the nation's economic problems.
Monday, July 26, 2010
Gold Supported by Physical Buying Amid Slow Summer Dealing / Commodities / Gold and Silver 2010
By: Adrian_Ash
THE PRICE OF GOLD gave back an early rally on Monday morning to trade just below Friday's close of $1190 an ounce amid what one Hong Kong dealer called "a typically slow summer day."
"There is physical gold buying coming in as prices are below $1200," said a Seoul-based trader.
Sunday, July 25, 2010
The Golden Chalice and Gold’s Greatest Correction Since 1980 / Commodities / Gold and Silver 2010
By: David_Knox_Barker
Gold has been on a tear since the low in 1999 at $252.50 ($GOLD) per ounce, thrashing virtually every other asset class for over a decade as it soared to its $1265 high in June 2010. A solid case can certainly be made that as long as the dollar is being destroyed by loose fiscal and monetary policy that gold has a one-way ticket to higher prices. However, no market runs to the sky. There are always corrections, some major. Gold is now potentially facing its largest correction since 1980. Contemplating what happens when the golden chalice formation breaks is a worthy exercise. The Fibonacci golden ratio is the place to start.
Saturday, July 24, 2010
Silver, Beware of Who You Buy From / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
With silver attracting headlines, cult-like following, and higher prices, silver investors should be on high alert for a scam being perpetrated on the internet. Newly minted fake coins are finding their way from Chinese counterfeiters to Ebay and then to investors who unknowingly purchase $20 rounds that are in reality only a few dollars worth of metals. As prices tread higher, these scams will only continue to grow in their influence. Here's a simple guide to evaluate silver, and whether or not it is indeed real:
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Saturday, July 24, 2010
How to Pull Cash Out of Your Silver Holdings Without Losing Ounces / Commodities / Gold and Silver 2010
By: Dr_Jeff_Lewis
With silver on a bull run, you might be tempted to take some cash out of your silver holdings. However, if you're like most silver investors, who have an array of different silver coins, rounds, and other metal pieces, you might just be able to cash in without reducing your total holdings.
Saturday, July 24, 2010
U.S. Economy Never Came Out of Recession, Pray and Hold onto Gold / Commodities / Gold and Silver 2010
By: The_Gold_Report
Newsletter Writer Ron Struthers is an old-school straight talker who doesn't mince words. Ron believes the U.S. economy never came out of the 2008 recession and predicts America is about to face a whole new set of debt problems at the state level. "Any one of the U.S. states is bigger than Greece and 40 or more of them are in the same bad shape," he warns. Ron recommends investors fortify their portfolios with 15%–20% physical gold and another 40% in cash, ready to jump on any opportunities the moody markets present. In this short but sweet interview with The Gold Report, Ron also offers some of his favorite gold and silver plays, many of which are in Mexico. ¡Ole!
Friday, July 23, 2010
Gold BubbleOmics Revisited / Commodities / Gold and Silver 2010
By: Andrew_Butter
The recent gyrations of the Gold price are rather typical of a bubble about to pop, with lows coming in lower than the upward trend-line of lows. Although figuring out exactly when a bubble will pop is a bit like figuring out when a volcano will blow…there are rumblings, false alarms…more rumblings…and everyone says “don’t be a scaredy-cat” then….BOOM.
Friday, July 23, 2010
Gold Market Spooked by Deflationary Double-Dip Recession Fears / Commodities / Gold and Silver 2010
By: David_Galland
Last week, the price of gold again broke below its new base at $1,200, and the U.S. stock market was again under strong pressure, due to a confluence of fears, most of which point to a deflationary double-dip. The fears were fanned by disappointment in the just-released early quarterly results, by the latest CPI reports that show inflation continuing to moderate, and by yet another poll revealing faltering consumer confidence.
Friday, July 23, 2010
U.S. Dollar's Never-Ending Plunge and Its Gold Consequences / Commodities / Gold and Silver 2010
By: Przemyslaw_Radomski
The previous weeks have been characterized by a steady pattern - USD Index is either plunging or is consolidating and it's likely to plunge within several days. The general truth is that no trend moves in any direction in the form of a straight line. Yet, so far the dollar tries to prove this saying incorrect by moving lower over and over again.
Friday, July 23, 2010
Gold and Silver For Investor Profit and Protection / Commodities / Gold and Silver 2010
By: DeepCaster_LLC
Equities-in-general have gone nowhere for the past decade (and have lost 30% or more when their prices are adjusted for inflation), and are in a Bear Market, with no end realistically in sight.
And most Bonds and CD’s provide niggardly or negative returns after adjusting for Real Inflation.
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Friday, July 23, 2010
Both Euro and Gold Lower / Commodities / Gold and Silver 2010
By: Mike_Paulenoff
The markets appear to be very nervous in general and particularly nervous about the EU stress test results, which have pressed the euro lower versus the U.S. dollar, which makes sense, but also has been accompanied by a sell-off in spot gold from $1204 to $1190. The gold sell-off does not make sense in relation to the flight away from euros, but is understandable if some investors continue to use any strength in gold to liquidate long positions to raise cash.
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Friday, July 23, 2010
Gold Diverging Trend From Weak U.S. Monetary Inflation / Commodities / Gold and Silver 2010
By: Ned_W_Schmidt
We seem to do a lot of waiting. As 2009 ended, U.S. dollar was being forecast to be approaching the end of its existence. Presumably, we must continue to wait for that event. Moving on, forecasters had more recently been calling for imminent collapse of EU and vaporization of the Euro. Presumably, we must continue to wait for that event too. Many are still forecasting an imminent replacement of global currencies with Gold. Presumably, we must continue to wait for that too.