Category: Gold and Silver 2012
The analysis published under this category are as follows.Wednesday, February 08, 2012
Gold Holds Steady as U.S. Dollar Hits 2-Month Low / Commodities / Gold and Silver 2012
WHOLESALE MARKET prices for gold bullion held steady just below $1750 per ounce Wednesday morning in London – a 2.2% gain on yesterday's low – after rallying Tuesday following comments from US Federal Reserve chairman Ben Bernanke.
Silver bullion eased slightly this morning after hitting $34.55 per ounce – its highest level since November 16.
Read full article... Read full article...
Wednesday, February 08, 2012
Gold Odysseus Journey Continues! / Commodities / Gold and Silver 2012
Gold is the Odysseus of the markets, destined to wonder the hinterland of the financial world for years without achieving the deserved safe haven status. Like Odysseus gold will eventually arrive and the general population will embrace it for what it is, the one and only store of wealth that exists today. Loathed and assailed by the mainstream press, gold is deliberately kept hidden in the financial shadows by those that continue to shovel out paper “assets” like so much manure. Right now the Dow is all the rage with the press as they preach the gospel of the US stock market as a port in the storm. They do so with an old time religious fervor that would make a snake oil salesman blush. The object of the message is to pry that last penny from the hands of the last widow and orphan left standing. Value be damned! There is always a greater fool out there who will want your paper asset at some higher price.
Read full article... Read full article...
Wednesday, February 08, 2012
Where a Nation's Gold and Your Gold Should be Held / Commodities / Gold and Silver 2012
Purpose of Holding Gold
Most central banks hold their nation's gold in the vaults of the world's leading financial centers' central bank vaults. These include New York, London, and Canada among others. In a peaceful, cooperative world, this is sensible as one of the prime purposes of central banks holding gold is to cover the nation's international trade payments when their own currency becomes unacceptable and their reserves of foreign exchange are depleted. By positioning the gold outside the country, it's instantly accessible for payments or guarantees of payments.
Read full article... Read full article...
Tuesday, February 07, 2012
Gold and Silver Remain Strong as Greece Debt Nears Deadline / Commodities / Gold and Silver 2012
Precious metals posted their worst daily performance of the year on Friday. A stronger-than-expected, but highly criticized unemployment report added strength to the U.S. recovery story and the dollar. Now, the U.S. dollar continues to climb higher as Greek politicians struggle to agree on an austerity plan that is needed in order to secure another bailout for the country. Although the euro is giving a boost to the dollar, gold and silver continue to maintain key support levels.
Read full article... Read full article...
Tuesday, February 07, 2012
Jim Grant and the GOP Joining Forces to Bring Back the Gold Standard / Politics / Gold and Silver 2012
David Zeiler writes: With two GOP presidential candidates saying they'd add legendary Wall Street pundit Jim Grant to their administrations, bringing back the gold standard clearly has moved up on the Republican agenda.
Ron Paul, for whom returning to the gold standard has been a decades-long crusade, has said he would name Grant chairman of the U.S. Federal Reserve. In his case, that would be a compromise - Paul has often called for the Fed to be abolished altogether.
Read full article... Read full article...
Tuesday, February 07, 2012
Abandoning the U.S. Dollar for Gold / Commodities / Gold and Silver 2012
Jan Skoyles looks at the recent stories of countries abandoning the dollar for gold in international transactions. This will have implications for the gold price, but will it have an impact on further debates involving the gold standard. At The Real Asset Co we promote a return to sound money and so developments such as those discussed below always grab our attention.
Read full article... Read full article...
Tuesday, February 07, 2012
Gold Compared to Past Bubbles / Commodities / Gold and Silver 2012
Bubbles Come, Bubbles Go.
The chart below shows us the “classic bubble pattern”.
Read full article... Read full article...
Tuesday, February 07, 2012
Bullish Digestion for Gold, Euro / Commodities / Gold and Silver 2012
Spot gold continues to respect the integrity of its up-slanted channel off of the Dec 29 corrective low at $1522.48. As long as the lower channel support line remains intact in the vicinity of $1700, the uptrend channel will continue to dictate the directional action of gold.
Read full article... Read full article...
Tuesday, February 07, 2012
In the Gold Bullring / Commodities / Gold and Silver 2012
After prices fell 10 percent in December, many investors wondered if the bull market in gold was running out of steam. That was before Federal Reserve Chairman Ben Bernanke swooped in with a "red cape" and fired the bulls back up. Since the Fed reassured the world that interest rates will remain at "exceptionally low levels" for another two years, gold has jumped more than three percent.
Read full article... Read full article...
Monday, February 06, 2012
Gold "Rollercoaster" Heads Yet Lower as Greece Hits "Crunch Time for Bankruptcy" / Commodities / Gold and Silver 2012
SPOT MARKET gold prices fell further Monday morning in London, reaching $1713 an ounce by lunchtime – a 2.8% drop from last week's high – as stock and commodity markets also ticked lower, while US Treasury bond prices gained.
Silver prices dropped to $33.09 per ounce – 3.9% down on the high from last week – as uncertainty grew over the long-running Greek debt issue.
Read full article... Read full article...
Monday, February 06, 2012
Gold, Stocks and Euro Fall As Possible Greek Debt Default Looms / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,717.00, EUR 1,315.31, and GBP 1,090.85 per ounce.Friday's AM fix was USD 1759.50, EUR 1,335.48, and GBP 1,110.66 per ounce.
Gold has followed the now familiar trading pattern of gains in Asia followed by weakness in Europe. While gold has fallen and is weaker in most currencies gold remains higher in euro terms due to euro weakness on the concern of a Greek default.
Friday, February 03, 2012
Bernanke's Comments "Lend Support" to Gold, But Dips Following Strong US Jobs News / Commodities / Gold and Silver 2012
SPOT MARKET gold prices slipped back below $1750 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures on Friday.
The Bureau of Labor Statistics nonfarm payrolls report, published on Friday, shows that the US added a net 243,000 nonagricultural private sector jobs last month. In addition, both November and December's nonfarm figures were revised upwards. The unemployment rate fell to 8.3%, down from 8.5% the previous month.
Read full article... Read full article...
Friday, February 03, 2012
U.S. Mint Gold Coin Sales Return to Fundamental Driven Demand / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1759.50, EUR 1,335.48, and GBP 1,110.66 per ounce.
Yesterday's AM fix was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce.
Read full article... Read full article...
Friday, February 03, 2012
Gold Bull Market Bigger than Ever / Commodities / Gold and Silver 2012
We recently wrote about the difference between gold’s price and its value, demonstrating a significant difference between the two. We asked many fundamental questions which show whether or not the gold price is proximate to its value. The answer was it was not.
Late last year we wrote of the on-going ‘Gold Wars’ between so-called industry experts and gold investors. We repeatedly found ‘experts’, who write in the mainstream media, were calling the end of the gold bubble whenever the price of gold dipped slightly.
Read full article... Read full article...
Thursday, February 02, 2012
Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars / Commodities / Gold and Silver 2012
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around.
Read full article... Read full article...
Thursday, February 02, 2012
Chinese and Indian Gold Demand Rising as Zero Interest Rates Distort Investment Markets / Commodities / Gold and Silver 2012
The WHOLESALE-MARKET gold price slipped 0.5% from a new 8-week high in London Thursday morning, while global stock markets stalled after a 3-day rise and commodities also edged back.
The Euro fell from $1.32 on the forex market for the third time this week after chief finance minister Jean-Claude Juncker said new proposals for stemming the currency zone's debt crisis – agreed at a summit on Monday – were "largely insufficient".
Thursday, February 02, 2012
Gold Challenges Resistance at $1,750/oz – Technicals and Fundamentals Remain Very Positive / Commodities / Gold and Silver 2012
Gold’s London AM fix this morning was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce. Yesterday's AM fix was USD 1,744, EUR 1,327.65, and GBP 1,106.74 per ounce.
Read full article... Read full article...
Thursday, February 02, 2012
Great Deals on Gold and Silver 2012 / Commodities / Gold and Silver 2012
GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year's low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. "Gold is way too cheap," he tells The Gold Report in this exclusive interview.
Read full article... Read full article...
Wednesday, February 01, 2012
Facebook IPO, Dollar, Gold Doesn’t Care! / Commodities / Gold and Silver 2012
The media is all excited about the announcement of the Facebook IPO, treating it as if it’s the second coming of sliced bread. At its anticipated IPO later this year, Facebook will be three times more expensive than Google was at its IPO — and nearly 40 times more expensive than the average large IPO of the last four decades. The valuation metric that some analysts chose to focus on is the price-to-sales ratio (PSR). Of course, it’s too early to know for sure what Facebook’s will be when it comes to market, since its offer price hasn’t been set. But, based on the early reports that Facebook will be valued at its IPO at as much as $100 billion, and 2011 revenues of $3.8 billion, Facebook’s PSR will be around 26. In order to produce a profit stream that is great enough to support a prayer of its stock doing even close to as well as Google’s did in its first few years of life, Facebook’s revenue growth will have to be several orders of magnitude greater, or have a profit margin that is several times greater — or both.
Read full article... Read full article...
Wednesday, February 01, 2012
Corruption In Fascist Business Model, Gold Coil Ready / Commodities / Gold and Silver 2012
Few can define fascism. Many cannot recognize it. History provides shocking stories of its past episodes. But its root structural feature is the tight relationship between the state and large corporations of a nation, which permit enormous fraud and lead to grand inefficiency, even while aggression and war accompany its handiwork in an ugly fabric weave. Nowhere is the bond more scummy and corrupt than with the banking industry, not in general but in Wall Street where defense of the USDollar has come. That defense was contracted from the USGovt to Wall Street, whose ties developed into a vast network of corruption. That cozy relationship led to the gutting of Fort Knox and its gold bullion in the 1990 decade of so-called prosperity. The 0% gold leasing resulted in vast speculation schemes, private multi-$trillion profit, and absent collateral for the USDollar itself.
Read full article... Read full article...