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Weekly Archives
By: Chris Mullen, Gold Seeker - 15 December, 2006
Gold traded near unchanged in Asia and London before it rose a couple dollars above $628 in early New York trade, but it then sold off throughout most of the rest of trade and ended near its lows with a loss of 1.84%. Silver followed a similar pattern but sold off dramatically more in the last hour and a half of trade and ended with a loss of 7.11%. Full Story |
By: GoldSeek.com - 15 December, 2006
COT Gold Report - December 15, 2006 Full Story |
By: SilverSeek.com - 15 December, 2006
COT Silver Report - December 15, 2006 Full Story |
By: Adam Hamilton, Zeal Intelligence - 15 December, 2006
For investors riding this ongoing gold bull in stocks, leverage is one of the most important concepts to study and understand. While the word leverage has many different financial meanings, in this context it refers to the degree of gold stocks’ price moves as compared to the price moves in the underlying gold they produce. Full Story |
By: Mary Anne & Pamela Aden - 15 December, 2006
As the year draws to a close, the markets have become very exciting. After months of not doing much, things have certainly changed and fortunately we’re on the right side of the major trends. Gold, silver, the shares, currencies and bonds… they all moved up strongly this month. We believe these markets have a lot further to go on the upside as 2007 unfolds. So we strongly recommend staying with your positions and continue reaping the benefits. Full Story |
By: Chintan Karnani, Insignia Consultants - 15 December, 2006
The countdown for 2007 has begun with just ten trading sessions to go (including today). 2006 has been a historical year for gold, silver and commodities which will continue into 2007. Full Story |
By: Chris Mullen, Gold Seeker - 14 December, 2006
Gold traded on either side of unchanged in a tight range in Asia and London before it dipped near $625 in midmorning New York trade, rebounded to find slight gains above $628 in late morning trade, fell back off into the close, and ended with a 0.22% loss. Silver traded between $13.70 and $13.90 throughout world trade before it ended at about the middle of that range with a gain of 0.51%. Full Story |
By: Gary North - 14 December, 2006
I am a gold bug. A gold bug is a believer in the public’s use of gold coins as the basis for a nation’s money supply. Because very few university-certified economists are gold bugs, and very few gold bugs are academic economists, there is enormous confusion on all sides regarding gold: why it is valuable, why it serves as money, why gold money is necessary for freedom, and why we don’t need a government-guaranteed gold standard in order to have a gold standard. Full Story |
By: Greg Silberman - 14 December, 2006
The difference between wealth inequality in America today and the apartheid days of old - thankfully consigned to the history books - is that today discrimination is not institutionalized. There is no law against success because of the color of your skin or your religion. We are all free to act and protect ourselves from wealth confiscation by owning the only real wealth that exists - Gold Full Story |
By: Clive Maund - 14 December, 2006
Although gold has not exactly glittered since it broke out of its large triangular pattern late in October, immediate downside now looks limited, while upside remains relatively unlimited. We can see gold’s hesitant progress following the breakout on the 1-year chart. One big reason for the slow progress is that it has been working off resistance in the vicinity of its August and September highs. Full Story |
By: Clive Maund - 14 December, 2006
Silver continues to look substantially stronger than gold, having put in a much better performance since it broke out from its large triangle pattern late in October, this outperformance being presaged by silver’s triangle being upwardly skewed compared to gold’s. Silver has broken above its early September highs, while gold has failed to break above its July highs and its lower August highs, and silver has come quite close to challenging its April - May peaks, which gold is a long way from doing. Full Story |
By: Theodore "Ty" Andros & Garrett Jones - 14 December, 2006
In conclusion, the insanity continues. People and politicians failing to learn from histories lessons, so we are all doomed to repeat them. But as in all previous episodes of this type of insanity there are as many opportunities as pitfalls. Which category you fall into depends on You!! Do you homework and plan carefully and prosper!!! Full Story |
By: Chintan Karnani, Insignia Consultants - 14 December, 2006
As we had mentioned in our earlier reports the lagging effects of lower crude oil will prevent the US economy from a slide and US economic numbers telling us the same story. US trade deficit had declined and now the retail sales jumped sharply in November. Full Story |
By: Chris Mullen, Gold Seeker - 13 December, 2006
Gold rose a couple of dollars in after hours Access trade late yesterday and held higher in Asia before it fell back off near unchanged in London and then dropped to as low as $622.80 in midmorning New York trade, but it then rallied over $5 higher in the next 75 minutes of trade, remained near its highs into the close, and ended with a slight gain. Silver dropped to as low as $13.54 before it also rallied into the close, but it still ended slightly lower in New York after having traded mostly higher in Asia and London. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 13 December, 2006
As of Wednesday, the WGC sponsored E.T.F.’ were up another 6.22 tonnes and to date up another 4.51 tonnes, despite the consolidation and slight fall in the gold price. The tonnage held in all the W.G.C. sponsored gold Exchange Traded Funds and the Comex Gold Trust is now at 599.34 tonnes. Full Story |
By: Jim Willie CB - 13 December, 2006
US Treasury Secy Hank Paulson and USFed Chairman have embarked upon yet another trip to China, joined even by Commerce Secy Gutierrez. This Strategic Economic Dialog between the Untied States and China deserves comment. The official reasons stated are to discuss economic and banking reforms, more like a begging session for China not to torpedo the USEconomy. In my opinion, that is in part a cover smokescreen. Full Story |
By: Sol Palha, Tactical Investor - 13 December, 2006
Gold did not react strongly to the massive pull back in the dollar; this could indicate that initially it is going to trade in the same direction as the Dollar and or it has one more corrective wave to undergo. There is also just a bit too much optimism in the Gold camp and finally almost all trend changes are followed by one fake move in the opposite direction. There is no doubt that when one takes a very long term view that Gold still is a great investment Full Story |
By: Clif Droke - 13 December, 2006
"Jobs data support Bernanke’s optimism" read the headline from this weekend Financial Times. The article was referring to the Fed chief’s hope of a "soft landing" for the U.S. economy as the job creation report recently showed employers added 132,000 new jobs to their payrolls despite a housing and auto sector slowdown. Full Story |
By: Franklin Sanders - 13 December, 2006
Over the course of the present bull market in silver and gold, probably another 10 years, silver should rise about four times as fast as gold. That forecast arises from silver’s historic performance, especially during the 20th century, as well as its present fundamentals. The best way to profit from that trend is to swap back and forth from silver to gold with the rise and fall in the gold/silver ratio. That strategy will convert a sterile investment into one that pays dividends, and possibly double the ounces you own over the life of the bull market. Full Story |
By: Chintan Karnani, Insignia Consultants - 13 December, 2006
A break out of the recent consolidation is in the offing. The Fed meeting is over and it did not surprise the markets. Event risks are now over. Full Story |
By: Chris Mullen, Gold Seeker - 12 December, 2006
Gold rose above $630 in Asia, fell back near unchanged in London, fell off a bit further in New York, and closed near its lows of the session with a loss of 0.43%. Silver traded in a tight 10 cent range on either side of unchanged and closed near the bottom of that range with a loss of 0.22%. In reaction to the fed’s policy announcement, both metals have recouped today’s losses and are trading slightly higher in after hours Access trade at the time of writing. Full Story |
By: Gary Dorsch – Editor, Global Money Trends - 12 December, 2006
The late Nobel Economic laureate Milton Friedman once remarked, “Money is too important to be left to central bankers. You essentially have a group of unelected people who have enormous power to affect the economy. I’ve always been in favor of replacing the Fed with a laptop computer, to calculate the monetary base and expand it annually, through war, peace, feast and famine by, perhaps, a predictable 2 percent,” Friedman said. Full Story |
By: Steven Saville, Speculative Investor - 12 December, 2006
The way the financial world used to work, short-term interest rates in the US being higher than long-term interest rates in the US would preclude any possibility of Treasury Bond prices being boosted by carry trades (borrowing short-term money in order to invest in longer-term debt, thus earning the "carry", or interest rate spread, between the two types of debt). But that was then, this is now. The way things work today, if short-term rates in the US are prohibitively high then carry-traders can simply do most of their borrowing in Europe. Full Story |
By: James Cook & Theodore Butler - 12 December, 2006
Without question, silver has been artificially depressed in price due to a blatant and easy to prove manipulation. This manipulation has so distorted the supply and demand fundamentals as to create a lifetime investment opportunity for those who take the time to investigate my claims. Full Story |
By: Chintan Karnani, Insignia Consultants - 12 December, 2006
It’s more of sterling story than a US dollar story for gold and silver. Full Story |
By: Chris Mullen, Gold Seeker - 11 December, 2006
Gold traded mostly slightly lower in Asia and London before it steadily rose in New York and ended near its highs of the session with a gain of 0.48%. Silver followed a very similar pattern and ended with a gain of 0.58%. Full Story |
By: Douglas V. Gnazzo - 11 December, 2006
Gold closed at $631.00 down $19.60 or –3.01% for the week. As we mentioned in the report last week as well as on the bulletin board on the website we suspected that some more downside action would occur – and it did. This is normal market action with gold testing its recent break out. A bit more may still be in the offering this coming week – or not. Full Story |
By: Clive Roffey - 11 December, 2006
The gold shares have been in a correction for the past 11 months. Goldfields formed a diamond while both Anglogold and Harmony mapped out a triangular pattern. Last week’s dip was the final leg of all these patterns and a new major bull trend is about to start with some vigor. DRD had a Zig-Zag pattern with the final panic C wave collapse last week. The key word is “final”. Full Story |
By: Chintan Karnani, Insignia Consultants - 11 December, 2006
Technically gold lower close on Friday has come as a shot in the arm for gold and silver bears. Here are a few statistics. 13th May 2006 spot gold reaches a record $730.0 only to fall to $636.50 on 25th May 2006 and $542.80 on 15th June 2006. Full Story |
By: Jack Chan - 10 December, 2006
This week, both the $HUI and $XAU’s weekly charts have confirmed a major buy signal. In consideration of investors both sides of the border within our membership who are committed in mutual funds within their pension plans, IRAs and RRSPs, these major buy signals provide ideal timing to switch some or all of your funds to the precious metals sector, or adding new money to these funds for the 2006 taxation year. Full Story |
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