Category: Gold and Silver 2012
The analysis published under this category are as follows.
Thursday, August 30, 2012
Jackson Hole Puts Gold on Hold, But New US Money-Printing "Not Yet Priced In" / Commodities / Gold and Silver 2012
By: Adrian_Ash
WHOLESALE-MARKET prices to buy gold retreated Thursday morning in London, ticking back towards yesterday's 1-week low at $1653 per ounce as world stock markets also fell.
Prices for silver bullion held steadier, trading just 10¢ below Monday's start at $30.70 per ounce.
Thursday, August 30, 2012
Prepare For Gold and Silver Sector Fireworks / Commodities / Gold and Silver 2012
By: Bob_Kirtley
The Jackson Hole meeting is now upon us, a gathering of the worlds central bankers who will put their collective brain power to work in an attempt to resolve the economic woes that most sovereign states are now struggling to remedy.
As investors in gold and silver these meetings are important to us as they may provide us with clues as to what policy changes are are about to be unleashed upon us as they attempt to steer the world away from a global depression. The Federal Reserve is also charged with keeping unemployment low and so it needs to implement strategies that will hopefully boost the American economy.
Wednesday, August 29, 2012
Gold: Buy, Hold or Sell? / Commodities / Gold and Silver 2012
By: Peter_Zihlmann
In 1980, the price of one ounce of GOLD reached $ 850. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of gold would have to rise to $ 2,550, assuming an annual average inflation of 3.5%, to reflect the value of the US dollar thirty years ago.
Wednesday, August 29, 2012
Euro Gold Technicals Look Near Perfect / Commodities / Gold and Silver 2012
By: GoldCore
Today’s AM fix was USD 1,664.25, EUR 1,325.04 and GBP 1,051.66 per ounce.
Yesterday’s AM fix was USD 1,663.50, EUR 1,325.18 and GBP 1,053.52 per ounce.
Silver is trading at $30.79/oz, €24.62/oz and £19.54/oz. Platinum is trading at $1,519.10/oz, palladium at $630.80/oz and rhodium at $1,025/oz.
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Wednesday, August 29, 2012
Bernanke Disappointment Could See Gold Price Correct / Commodities / Gold and Silver 2012
By: Ben_Traynor
WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning's London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers in the US and Europe.
Silver prices fell to $30.76 an ounce – in line with last week's close – as other industrial commodities also ticked lower, following news that iron ore prices in China had dropped for the 13th day in a row.
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Tuesday, August 28, 2012
Gold Daily and Silver Pausing... / Commodities / Gold and Silver 2012
By: Jesse
The pause at resistance continues. I have added a chart line to gold to help make it more visible.
I added some hedges to my bullion position today on the if/come of Bernanke and Draghi.
There was some intraday commentary on economics and the markets here.
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Tuesday, August 28, 2012
The Gold Standard Gets Another Look / Commodities / Gold and Silver 2012
By: Peter_Schiff
As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility. However, judging by the reaction with which many Republicans have greeted the idea, one would think that the platform might as well have called for the return of slavery.Read full article... Read full article...
Tuesday, August 28, 2012
Fed Easing Discussion "Will Push Gold Prices Higher" / Commodities / Gold and Silver 2012
By: Ben_Traynor
SPOT MARKET gold prices traded just above $1660 an ounce during Tuesday morning's London session, a few Dollars down on last week's close, while stocks and commodities were also broadly flat on the day and US Treasuries gained.
Silver prices rallied to nearly $31 per ounce, having fallen back through that level a day earlier, before easing back towards lunchtime.
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Tuesday, August 28, 2012
Gold First Mover Advantage / Commodities / Gold and Silver 2012
By: Frank_Holmes
In the Investor Alert, our investment team shares charts and data that we believe provide readers with a first mover advantage. While markets don’t always move like we anticipate, recognizing historical trends can provide an edge if you act quickly.
Last week, gold bugs were rewarded with the long-awaited positive momentum in the yellow metal, and on Friday, bullion rose to about $1,670. After falling below the 200-day moving average, gold had been stuck in quicksand for several months. With the jumps in the price last week, bullion swiftly rose above this critically important long-term moving average.
Tuesday, August 28, 2012
Why Gold Investors Should Fear the Financial System / Commodities / Gold and Silver 2012
By: The_Gold_Report
The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.'s legendary Chairman Eric Sprott to broadcast a loud message of caution: "Fear the financial system." In this exclusive interview with The Gold Report, Sprott says it's time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver. With 80% of his own portfolio in that arena, he certainly puts his money where his mouth is.
The Gold Report: You've stated before that the price of gold should be above $3,200/ounce (oz) and the price of silver above $200/oz but market manipulation keeps both metals artificially low. Who is manipulating it?
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Monday, August 27, 2012
Is the Price of Silver Signaling the Next Monetary Supernova, or Will it be the Cause? / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
If the pricing in the world’s commodity and financial markets accurately reflected anything but the culmination of decisions made by high frequency trading systems, then the recent price action in the silver market might have something meaningful behind it. In an alternative parallel universe, the recent rally in silver might actually be ‘pricing in’ the next major monetary event.Read full article... Read full article...
Monday, August 27, 2012
Reasons Why China Wants Its Citizens to Own Gold and Silver / Commodities / Gold and Silver 2012
By: Dr_Jeff_Lewis
Due to China’s huge size, its developing economy is having a growing influence on the global economic system. One commodity that has been particularly strongly affected by Chinese popular demand is silver and other precious metals like gold.Not only has the Chinese government been moving toward holding precious metals in reserve as an alternative to paper currencies like the U.S. Dollar, but it has recently also encouraged its citizens to own precious metals as a way to store their wealth in a valuable physical asset.
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Monday, August 27, 2012
Gold Bull Run is Still Happening / Commodities / Gold and Silver 2012
By: Neil_Charnock
The gold Bull Run of 11 years is still happening; make no mistake about that. The fact that the USD gold price has held above the $1525 level is a strong indicator. Seasonal factors and other strong indicators tell me this long gold price consolidation period is nearing its conclusion at last. Gold has formed a new higher base from which it can launch higher.
Monday, August 27, 2012
Will History View ECB's Drahgi as the Currency Forger of Europe? / Commodities / Gold and Silver 2012
By: GoldCore
Today the London Bullion Market is closed for a national holiday.
Friday’s AM fix was USD 1,666.50, EUR 1,329.16 and GBP 1,051.88 per ounce.
Silver is trading at $30.91/oz, €24.77/oz and £19.62/oz. Platinum is trading at $1,550.00/oz, palladium at $647.90/oz and rhodium at $1,025/oz.
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Monday, August 27, 2012
Is Gold Still "The Next Greatest Trade Ever"? / Commodities / Gold and Silver 2012
By: Money_Morning
Peter Krauth writes:
Believe it or not, the housing crash wasn't all heartache and tears. When the mortgage bubble burst a few select investors made a boatload.
One of them was hedge fund titan John A. Paulson.
In what has been called "the greatest trade ever," Paulson earned $15 billion for himself and his clients as the rest of the markets fell hard.
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Sunday, August 26, 2012
Silver Uptrend Pending Break of Major Downtrendline / Commodities / Gold and Silver 2012
By: Clive_Maund
The sharp advance by silver last week was presaged by the late July breakout from the important "inner" downtrend that we had earlier delineated, which had been in force from early March, as we can see on the 8-month chart for silver shown below. So is that it - are we on our way now? - almost, but there is one remaining major hurdle left to clear. Before going on to consider what that is we should take note of the fact that silver is now critically overbought short-term overbought as shown by its RSI indicator, and it has also run into a still falling 200-day moving average, factors which point to a high probability of it pausing to consolidate or perhaps react back somewhat in the immediate future - if it does keep going higher near-term, the advance is likely to be measured. The fact that the 50-day moving average is still some way below the falling 200-day also suggests that some more time is needed before the major uptrend expected gets into full swing.
Sunday, August 26, 2012
Gold Needs to Consolidate Before Commencing Major Uptrend / Commodities / Gold and Silver 2012
By: Clive_Maund
Last week we got what we had expected - and prepared for - for weeks, an upside resolution of the tight standoff in both gold and silver. Actually, gold signalled that it was going to go up several weeks back, when it broke out of the Triangle shown on its 8-month chart below, in late July. The breakout from the Triangle was on good volume, and it then consolidated in a nice tight Pennant pattern before breaking higher to run ahead sharply last week.
Sunday, August 26, 2012
Propaganda, Politics, and the Gold Standard / Politics / Gold and Silver 2012
By: Andy_Sutton
It wouldn’t be a normal day in the life of the 24-hour news cycle if there weren’t some type of campaign against gold and its proper role as money. True to form, The Financial Times stepped to the plate to launch a rather hilarious attack on gold in the context of an article which discusses the idea that one half of our Diet Coke/Diet Pepsi political system is contemplating adding what is the equivalent of a feasibility study on returning to the gold standard to its political platform.
Saturday, August 25, 2012
Will Gold Miners Underperform Precious Metals in the Weeks to Come? / Commodities / Gold and Silver 2012
By: P_Radomski_CFA
Fish are jumping and the cotton is high. Yes, it’s summertime and the living is (quantitatively) easy. At least that’s how it looks from the Federal Open Market Committee minutes for the July/August meeting that revealed support among some of the members for a new round of quantitative easing. With the release of the minutes Wednesday, gold went up and the U.S. dollar took a dive. The Fed members see three pitfalls for the economy-- the sovereign debt crisis in Europe, a global economic slowdown led by China and other BRICs, and the fiscal cliff, which could result in substantial fiscal contraction. (Fed Chairman Ben Bernanke has repeatedly asked Congress to solve the problem, but with a Presidential election coming in November it is difficult to see how Republicans and Democrats will reach an agreement.)
Saturday, August 25, 2012
Gold Coins Render Unto Caesar / Commodities / Gold and Silver 2012
By: Adrian_Ash
What the history of ancient gold coins says about Europe's kingless, faceless money today...
SO WHEN Vespasian was proclaimed Emperor by the legions in Egypt in AD 69, he hurried to strike silver and gold coins at Antioch, Tacitus tells us.
Two hundred years later, the "insane despot" Commodus would only believe that his friend Perennius was plotting to overthrow him when he was shown coins already bearing his former favorite's image. And ancient Persian kings went further, says the later Armenian chronicler Moses of Chorene, each seeing to it that "all the money in the royal treasury was recoined with his effigy" as soon as he took power.