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Friday, October 24, 2008

Gold Buying Opportunity and Hedge Against Uncertainty / Commodities / Gold & Silver

By: Joseph_Brusuelas

Perhaps the most interesting development during the intensification of the credit crisis is that the price of gold did not climb higher than it did. Upon the initiation of the crisis in August 2007, the price of gold surged reaching a high of $1002.95 on March 14, 2007. Since then the cost of the precious commodity has fluctuated with the most recent price action sending it to recent lows of 725.74. However, given the pervasive uncertainty in markets we think that this represents a strategic buying opportunity on the back of our bullish call for gold to spike towards $1100 in 2009 with the potential for a much larger move over the longer term.

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Friday, October 24, 2008

Spot Gold Hits New Low as Stocks and Sterling Crumble / Commodities / Gold & Silver

By: Adrian_Ash

THE SPOT PRICE OF GOLD sank yet again Friday morning, sinking to a fresh 13-month low for US buyers at $683 per ounce.

Global stock markets and commodity prices also crumbled once more in the face of huge gains in the Dollar and Yen – the two currencies most owed by leveraged investors worldwide.

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Friday, October 24, 2008

Why Cheap Oil is Great for the Oil Majors / Commodities / Oil Companies

By: John_Henry

For the last 3 years, the world's oil majors have not had an easy time from the oil producing states. Increasing oil prices has led to a complacent attitude by oil reliant governments. This often masks inefficiency, sometimes corruption, and has led to high taxation coupled with unsound business practices. Russia's oil production for instance, has been reducing each year despite the governments desire to increase output.

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Thursday, October 23, 2008

Gold Market Dis-Information Specialists Ply Their Trade / Commodities / Market Manipulation

By: Rob_Kirby

Tim Gardiner, president and CEO, Mitsui & Co. Precious Metals Inc. appeared on Canada's Business News Network [BNN] and – in a ridiculous attempt to explain the recent demolishing of the gold price - made the claim that demand for gold was down and, “the only reason for physical shortages of gold products at retail was ‘logistical' and due to a shortage of ‘blanks' from which the coins are stamped”.

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Thursday, October 23, 2008

Gold Crashes to 50% of Bull Market, Recovery Rally Expected / Commodities / Gold & Silver

By: Mike_Paulenoff

The very long-term chart pattern shows that the streetTRACKS Gold Shares (NYSE: GLD) has retraced 50% of its entire prior bull run (2005-2008), and so far has shown initial signs of reversal just above critical long-term support between 68.50 and 63.50. As of this moment, the weight of my technical work argues for a recovery rally into the 74.50-75.00 target zone, which could prove to be either the start of a very powerful upleg, or merely a recovery bounce prior to another loop to 70.00 or lower to complete the weakness from the March highs.

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Thursday, October 23, 2008

Commodity Prices Inverse Relationship to the US Dollar / Commodities / CRB Index

By: Donald_W_Dony

The connection with commodity prices and the movement of the U.S. dollar continues to remain tight and over-ride year-over-year fundamentals. Oil and gold are particularly linked to the currency and weakness or strength in the dollar are quickly transferred to positive or negative trading patterns for these natural resources.

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Thursday, October 23, 2008

Credit Deflation Brings Down Gold Bull Market / Commodities / Gold & Silver

By: Chris_Galakoutis

Why would Credit Deflation bring down Gold when Credit Inflation didn't send it to the moon?

I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not experience inflation as quickly as some might expect.

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Thursday, October 23, 2008

Gold Price Crash Continues on Forced Selling / Commodities / Articles

By: Adrian_Ash

THE PRICE OF SPOT GOLD slumped yet again early Thursday as world stock markets sank and the Dollar continued to rise – alongside the Japanese Yen – on the forex market.

Gold's fresh $25 plunge took this week's loss for US investors above 10% at $705.40 an ounce – Spot Gold 's lowest price since mid-Sept. last year.

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Thursday, October 23, 2008

Gold Bulls Running Scared on Price Collapse / Commodities / Gold & Silver

By: Mark_OByrne

Comex gold's recent sharp selloff has continued and even the most ardent gold bulls are getting nervous. Bearish sentiment is very prominent and the level of fear in the precious metal markets suggests that a low is likely in the coming days. Leveraged players in the futures market are dumping paper positions wholesale while astute contrarians are using this as an opportunity to buy physical bullion at firesale prices.

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Wednesday, October 22, 2008

Internet Startup Dot.com Collapse versus Junior Mining Sector Collapse / Commodities / Gold & Silver Stocks

By: David_Urban

Back in 2000 at the peak of the Internet bubble investors poured money into startups hoping to strike it rich with the next EBay, Amazon, or Microsoft. When the liquidity bubble popped most were left with massive losses on their positions as the startups that were running at a loss were unable to continue financing their operations and closed their websites and doors.

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Wednesday, October 22, 2008

Dow Gold Ratio Hits 80 Year Extremes, Time to Buy? / Commodities / Gold & Silver

By: Adrian_Ash

"...It's always darkest before it's pitch black..."

YOU MIGHT LIKE to know, if you put store by such things, that the US stock market just sank to a 14-year low against gold.

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Wednesday, October 22, 2008

Loading Up on Silver Below $10 / Commodities / Gold & Silver

By: Money_and_Markets

Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.

I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.

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Wednesday, October 22, 2008

Gold, Stocks and Commodities Slump / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.

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Wednesday, October 22, 2008

Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver

By: Mark_OByrne

Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.

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Tuesday, October 21, 2008

Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver

By: The_Gold_Report

Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider.

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Tuesday, October 21, 2008

Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver

By: Mike_Paulenoff

Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal.

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Tuesday, October 21, 2008

Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver

By: Adrian_Ash

WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.

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Tuesday, October 21, 2008

Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver

By: Mark_OByrne

Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.

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Monday, October 20, 2008

Zinc Two Year Bear Market Coming to an End? / Commodities / Metals & Mining

By: John_Lee

Centuries before zinc was discovered in the metallic form, its ores were used for making brass and zinc compounds, its ores were used for healing wounds and sore eyes. It is believed that the Romans first made brass in the time of Augustus (20 B.C. - 14 A.D.). In the 13th century Marco Polo described the manufacture of zinc oxide in Persia. At Zawar, India, both zinc metal and zinc oxide were produced from the 12th to the 16th century. From India, zinc manufacturing moved to China in the 17th century where it developed as an industry to supply the needs of the brass industry.

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Monday, October 20, 2008

For Gold Investors Hope Springs Eternal  / Commodities / Gold & Silver

By: Captain_Hook

Picking things up from yesterday , the theme of today's message is the same, albeit it appears we may have witnessed a temporary bottom in equities with the significant reversals. Rising short sales and put / call ratios are accelerating, showing signs of capitulation, along with the larger equity complex being short-term oversold. So, when you add an exploding liquidity picture to the background combined with falling interest rates around the world – hey – who can argue – it appears a bounce is in order. Here's the sticking point however, as with the 1929 pattern , don't be surprised if lower lows are vexed in late October / early November, as the public may not get sufficiently bearish in the options market in order to keep a sufficient number of negative bets on until closer to election time.

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