Category: Gold and Silver 2013
The analysis published under this category are as follows.
Monday, March 04, 2013
A detailed look at Bank of England Gold / Commodities / Gold and Silver 2013
By: Alasdair_Macleod
The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks. There are a number of historical reasons the Bank has this privileged role, but the most important are that the Bank is trusted, and it oversees the largest bullion market by far. Therefore a significant portion of the world’s monetary gold should be stored at the Bank of England.
Sunday, March 03, 2013
Gold Set for Next Major Uptrend to Break to New All Time Highs / Commodities / Gold and Silver 2013
By: Clive_Maund
COTs, sentiment and public opinion and a raft of technical indicators are all at low extremes that continue to indicate that gold is marking out a major low here and set to reverse to the upside before long. So you can safely ignore all the fair weather pundits who are coming out of the woodwork to proclaim gold's bullmarket dead, and also the plethora of bearish articles appearing in the mainstream media at Big Money's behest in order to squeeze the last drop of blood out of the little guy before the next big rally starts.
Sunday, March 03, 2013
Silver Believed to Have Bottomed Ahead of Major Uptrend / Commodities / Gold and Silver 2013
By: Clive_Maund
The big story with silver is that the Commercials are continuing to unwind their earlier massive short position at a very rapid rate, and of course booking massive profits in the process. We had pointed out in the last update that until their short positions eased further, silver was likely to back and fill and that's what happened last week, as after a 4-day rally into Tuesday, silver dropped back for the rest of the week to make a new intraday low on Friday.
Saturday, March 02, 2013
Silver Prices and the Mortgage Market — A Tale of Two Interventions / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
A comparison of two types of intervention has become interesting with respect to silver. First of all, Central Planning support of the mortgage and housing markets has already reached the supernova stage.
There seems nowhere left to go, as real interest rates are already negative. Furthermore, over 90 percent of the mortgage market is now backed by Federal agencies.
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Saturday, March 02, 2013
Hope is Fear Gone Bad for Paper Silver Shorts / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
The price pattern in silver and gold remains intact. It shows that each time these precious metals are pushed below a key technical moving average, new buyers come into the market.
Most are weak hands, speculators or amateur traders who have fallen in love with the idea of a futures contract, although the original longs have still refused to trade their valuable metal for intrinsically worthless paper dollars.
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Friday, March 01, 2013
The Importance of Silver Price Breakdown / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
Investors sentiment for precious metals and gold and silver mining stocks has deteriorated quite substantially recently. And silver is no exception here, which can be seen on the white metal charts. However, the situation in the whole sector is extreme – the oversold readings on many technical indicators and the fact that very important support lines are currently in play in virtually any asset in the sector form a setup as (or even more) encouraging for potential buyers as what we saw in 2008. To see what we can expect on the silver market, let us move into today’s technical part – we will start with the white metal’s very long-term chart (charts courtesy by http://stockcharts.com.)
Friday, March 01, 2013
Gold Bullion and Miners' Race to the Bottom / Commodities / Gold and Silver 2013
By: Ashraf_Laidi
Since equities had reached bottom in June 2012, major indices have rallied 21% to today, compared to -1% for gold bullion and -20% for the Gold Bugs index - An index of the 16 most popular gold mining companies.
The Gold Bugs index has fallen 31% from its September high, while the yellow metal dropped 13% from its October high. A similar 2.5-1 disparity in GoldBugs-Bullion Sell-off was seen during the 2008 crisis, when bullion fell 33% from its 2008 peak to its 2008 trough, while Gold Bugs fell 71% during the same period.
Friday, March 01, 2013
Gold Down In February As Weak Hands Sell On Poor Sentiment; Whilst Smart Adds / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.
Yesterday’s AM fix was USD 1,591.00, EUR 1,213.39 and GBP 1,049.20 per ounce.
Gold fell $16.70 or 1.05% yesterday in New York and closed at $1,580.40/oz. Silver slid to a low of $28.40 and finished with a loss of 1.66%.
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Friday, March 01, 2013
Too Early to Proclaim Gold Bull Market Over / Commodities / Gold and Silver 2013
By: Ben_Traynor
SPOT MARKET gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.
"ETFs will probably contribute negatively to investment demand for the first time in eight quarters," says today's Commerzbank commodities note.
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Friday, March 01, 2013
Gold Teetering on the Brink, The Bubble of Fear Pops! / Commodities / Gold and Silver 2013
By: Andrew_Butter
I posted something about gold early last September when the price was $1,750; the message was “Be Wary”. http://seekingalpha.com/article/854061-oil-and-gold-still-joined-at-the-hip-be-waryAs expected I got some deliciously abusive comments thrown like rotten-eggs; from behind the safe anonymity of pen-names; my favorite this time was:
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Friday, March 01, 2013
Gold Investors Checking the Exits in the Roach Motel / Commodities / Gold and Silver 2013
By: Adrian_Ash
What is liquidity, and why does it matter...?
Gold investors were selling this month. Some have found it easy, getting top price albeit in a falling market.
But others will have hit problems, struggling to find enough potential buyers to do anything besides take what they could get.
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Thursday, February 28, 2013
Volatility In Silver and GDX / Commodities / Gold and Silver 2013
By: DeviantInvestor
I recently wrote an article describing the daily volatility in gold and concluded that:
- Even in powerful bull markets, the gold price will probably go down about 40% of time, based on daily prices, and 30% based on weekly prices.
- The “bull” will do everything it can to buck you off and force you out of the market.
- Bull markets never make it easy. By the time it looks easy (say early 2000 in the NASDAQ), it is too late to buy and it is time to exit.
Thursday, February 28, 2013
"Patience Thin" for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose.
Broad commodity markets were little changed, while silver bullion crept back above $29 per ounce.
Down 4.5% in Dollar terms since the end of January at $1590 per ounce, gold for Euro investors was headed for a 1.8% monthly drop at €1212.50.
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Thursday, February 28, 2013
Goldman Sachs Targets $1200 GOLD Price / Commodities / Gold and Silver 2013
By: Darryl_R_Schoon
The gold market is all smoke and mirrors. But now the bankers’ house is on fire, the smoke is getting thicker, the mirrors are cracking and the screams of the trapped will soon be heard.
Thursday, February 28, 2013
Are Gold Bugs Sweating Bullets Over February Price Action? / Commodities / Gold and Silver 2013
By: Eric_McWhinnie
It was not exactly a lovely February for gold bugs. Between talks of a great rotation into risk-on assets, and confusing language from the Federal Reserve, the precious metal experienced heavy-selling pressure to reach new multi-month lows. However, gold investors may not be sweating the decline like some expect.
Wednesday, February 27, 2013
Buy Silver Now! / Commodities / Gold and Silver 2013
By: Peter_Zihlmann
1980 to 2013: From bear to bull
In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980.
The price of one ounce of silver would have to rise to $ 150 to reflect the value of the US dollar thirty years ago, assuming an average annual inflation of 3.5%.
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Wednesday, February 27, 2013
Gold Supported by Fundamentals as Bernanke Testimony "Shows QE Has Long Way to Go" / Commodities / Gold and Silver 2013
By: Ben_Traynor
U.S. DOLLAR gold bullion prices fell slightly in Wednesday morning's London trading, but held above the $1600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed's ongoing quantitative easing policy "is providing important support to the recovery" and that the benefits "are clear".
Wednesday, February 27, 2013
Silver Price Dip is a Good Time to Buy / Commodities / Gold and Silver 2013
By: Money_Morning
Diane Alter writes: Good news for those investing in silver: The price slump is ending, making now a good time to buy.
Silver prices have slid since the start of 2013, and the white metal's down nearly 9% so far this year. Silver, which had hit a record high of $49.79 an ounce in April 2011, was trading for $29.36 Tuesday afternoon.
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Wednesday, February 27, 2013
Fed To Prompt Currency Crash and Return to Gold Standard / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,608.50, EUR 1,228.80 and GBP 1,062.28 per ounce.
Yesterday’s AM fix was USD 1,597.25, EUR 1,219.65 and GBP 1,052.07 per ounce.
Silver is trading at $29.13/oz, €22.32/oz and £19.33/oz. Platinum is trading at $1,611.00/oz, palladium at $736.00/oz and rhodium at $1,200/oz.
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Wednesday, February 27, 2013
Goldman Sachs Cuts Gold Forecast AFTER Price Plunge, Purposely Late? / Commodities / Gold and Silver 2013
By: Mike_Shedlock
In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold's Cycle Seen Turned.
Read full article... Read full article...The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S. economy gathers momentum and investment holdings collapse, according to Goldman Sachs Group Inc., which reduced forecasts for the metal.