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Weekly Archives
By: Chris Mullen, Gold Seeker - 16 February, 2007
Gold traded a couple dollars higher in after hours access trade and early Asian trade before it fell back off in late Asian, London, and early New York trade to as low as $662.20 a little before 9AM EST, but it then rallied higher for the rest of the day and ended with a gain of 0.29%. Silver dropped to $13.79 before it also rallied higher into the close and ended with a gain of 0.36%. Full Story |
By: GoldSeek.com - 16 February, 2007
COT Gold Report - February 16, 2007 Full Story |
By: SilverSeek.com - 16 February, 2007
COT Silver Report - February 16, 2007 Full Story |
By: Adam Hamilton, Zeal Intelligence - 16 February, 2007
Whenever two contrarians meet to discuss the financial markets, odds are three opinions are going to emerge about what is coming next. Yet within this cacophony of ideas there are a couple strategic trends that command nearly unanimous support among the contrarian community today, the gold bull and the stock bear. Full Story |
By: Peter Zihlmann, Zihlmann Investment Management AG - 16 February, 2007
Silver inventories have fallen to historic low levels – yet markets were very slow in responding. If the supply and demand picture does not dramatically improve – which is improbable - the silver price will likely trend higher – possibly towards the high of 1980. Full Story |
By: Peter Degraaf - 16 February, 2007
The Precious Metals are making nice and steady progress. The majority of short-term indicators are green for “GO”. The fundamentals continue to support the up-move: An increasing supply of digital and paper “money,” chasing a decreasing supply of gold and silver. South Africa, for years able to increase its supply, now reports decreasing output. Full Story |
By: Clif Droke - 16 February, 2007
A gradual procession of super bears has been quietly admitting they’ve been wrong in their bearish assessment of the stock market. As the major stock market indices continue to push to higher highs and as market internals continue to reflect a stellar market condition, even the most stubborn of bearish traders and market commentators have been forced to reconsider their positions. Slowly, and with little fanfare, they’ve been covering short positions. Full Story |
By: Chintan Karnani, Insignia Consultants - 16 February, 2007
Yesterday’s correction was a healthy correction for a sustained momentum in gold, silver and crude oil. If gold and silver rise continuously then there is every possibility of a slide as and when short term traders book profits. Full Story |
By: Chris Mullen, Gold Seeker - 15 February, 2007
Gold traded $1-$3 higher for most of trade in Asia and London before it came into New York near unchanged and then fell for the rest of the morning to as low as $662.90 at one point, but it then rebounded in afternoon trade and ended with a loss of just 0.09%. Silver rose to over $14.00 in London before it dropped to $13.82 in late morning New York trade, but it also rebounded into the close and ended unchanged on the day. Full Story |
By: Greg Silberman - 15 February, 2007
If we are right to anticipate a period of out performance by Gold Stocks relative to the Metal, then we would also be right about expecting a Stock Market tumble resembling the 2000 – 2002 meltdown. For new Gold investor the answer is to have a core position in the Metal and an investment in large, medium and small miners depending on one’s risk profile. Full Story |
By: Clive Maund - 15 February, 2007
We have seen the breakout predicted in the last Gold Market update, although so far subsequent gains have been modest as gold continues to be restrained by the strong resistance level shown on the 1-year chart in the $655 - $680 zone. Although we have seen limited gains so far following this breakout, it was nevertheless an important technical development that is viewed as marking the start of a major uptrend which is still in its infancy. Full Story |
By: Clive Maund - 15 February, 2007
Silver is believed to be slowly limbering up to take out the resistance at and towards last year’s highs, an event that can be expected to lead to a major advance. However, shorter-term the picture is not so bright. Full Story |
By: Chintan Karnani, Insignia Consultants - 15 February, 2007
In India, the investor sentiment is bullish in gold and silver as well as crude oil. Commodity investment is picking up at a slow pace. Full Story |
By: Chris Mullen, Gold Seeker - 14 February, 2007
Gold rose almost 1% in Asia and neared $670 at the London open before it fell back off a bit heading into New York, but it then shot up above $670 with over 1% gains just after 10AM EST as Bernanke’s testimony was released and knocked the dollar down. It soon fell back off heading into the close and ended well off of its highs, but it still closed with a gain of 0.60%. Silver topped $14 with well over 1% gains just after 10AM EST as well, but it too fell back off into the close and ended with a gain of just 0.36%. Full Story |
By: Peter Grandich - 14 February, 2007
I don’t think I could be more bullish. I’m hoping $700 can be hit so I can still appear on ROB-TV. I’ve noted gold was in its best technical shape in years and sure enough, we’re seeing acceleration to the upside. Surprises should continue to be to the upside. GATA’s argument of manipulation gains more substance as each month passes. There appears to be a concentrated effort to cap gold, but it’s being overwhelmed by strong physical buying. Full Story |
By: Roland Watson, The Silver Analyst - 14 February, 2007
It has been a while since we last published how our gold and silver sentiment indicator has been getting on. To remind readers, for the past year now I have been collecting the number of Google hits on key phrases relevant to the gold bull market. Care has been taken that one does not end up with hits related to the latest fashions in gold jewelry or what the latest theories are on some gold artifacts found in archaeological digs. We are only interested in the gold bull market and I hope the hits collected over that time reflect that. Full Story |
By: Chintan Karnani, Insignia Consultants - 14 February, 2007
Investors are adopting a buy on dips strategy for gold and silver but the same time there are bouts of profit taking at higher levels. Full Story |
By: Chris Mullen, Gold Seeker - 13 February, 2007
Gold initially fell slightly in Asia before it found about two dollar gains by the London open, furthered its gains in London and early New York trade and rose up to about $669 with roughly 1% gains, but it then fell off for most of the rest of the day and dropped to as low as $661.40 in early afternoon trade ahead of a small rally into the close that left it with a gain of 0.15%. Silver also rose over 1% by early New York trade before it also pulled back a bit, but it was able to stay near its highs for the rest of trade and ended with a gain of 1.54%. Full Story |
By: Sol Palha, Tactical Investor - 13 February, 2007
We are not advocating that Gold is not a good investment; we are simply stating that the ratio above quite clearly illustrates which of the two will provide a better rate of return on capital in the short to intermediate time frames. Long term everyone should have a certain portion of their money in either Gold bullion or Silver bullion. Full Story |
By: Ty Andros - 13 February, 2007
The next leg of the commodity bull market caused by global money and credit creation is poised to begin and the charts tell the story. Just as asset prices in the world have zoomed higher since the second quarter 2006 meltdown, commodities are now poised to recover as well; commercials are loaded up on the long side. Copper has retraced a Fibonacci 62% of its previous move, as has crude oil. Gold has gone through a mammoth period of consolidation in both terms of time and price. Full Story |
By: Steven Saville, Speculative Investor - 13 February, 2007
Anyone who follows the gold and currency markets closely will realize that the US$ gold price and the Dollar Index generally trend in opposite directions; or, to put it another way, that the US$ gold price and the Swiss Franc generally trend in the same direction. This reciprocal relationship between gold and the dollar is often not evident on a daily or weekly basis, but is almost always evident during periods of 12 months or longer. Full Story |
By: Rick Ackerman, Rick's Picks - 13 February, 2007
With April Gold trading below $663 last week, we projected a $14 bull leg to at least 676.80. The good news is that we still think the futures are all but guaranteed to get there – and then some – over the very near term, and that’s despite yesterday’s bout of weakness, which saw the April contract shed nearly $10 since topping at 673.90 on Friday. Full Story |
By: Chintan Karnani, Insignia Consultants - 13 February, 2007
Whenever metals fall, base metals are the first to get knocked down. The correction in a gold, silver as well as crude oil prices is a very healthy towards the medium term bullish. Full Story |
By: Chris Mullen, Gold Seeker - 12 February, 2007
Gold opened briefly higher in Asia before it fell in choppy trade for most of the rest of the day and dropped to a low as $659.30 at one point, but it did rally a bit in afternoon New York trade and ended nearly three dollars off its low with a loss of 0.67%. Silver dropped to as low as $13.46 before it also rallied into the close and ended over 1% off its low with a loss of 1.37%. Full Story |
By: Peter Zihlmann, Zihlmann Investment Management AG - 12 February, 2007
The two lengthy consolidation periods within this solid long-term up-trend shown in the chart above in red circles reveal in fact striking similarities. One similarity e.g. is the surge of the Index by more than 100% before the inevitable movement of consolidation began. If the past is admitted as a guide to the future, we can deduce how far the market may rise during the up-swing which is currently in the making. Full Story |
By: Alf Field - 12 February, 2007
The time has come to talk about the imminent major upward surge in the gold price. The stars are aligned, the fundamentals are in place, the technical situation is positive and the Elliott Wave analysis suggests that wave 3 (the strongest wave) of the current sequence is underway. The gold price should soon move to new highs for the current bull market. Full Story |
By: Chintan Karnani, Insignia Consultants - 12 February, 2007
It’s more of cheap Japanese investment in commodities that is driving gold, silver as well as crude oil higher. Full Story |
By: Douglas V. Gnazzo - 11 February, 2007
This week we are going to emphasize a critical aspect of the global economy – not a rehash of the past week’s statistics on this and that, but the real deal, as to what is going on. Needless to say, this is not what the main Wall Street pundits will tell you, or what the elite wishes you to hear or know. Full Story |
By: Clive Maund - 11 February, 2007
In this game the most important things to observe are often the simplest - many people get lost in a quicksand of detail so that they can’t see the woods for the trees, and thus end up losing sight of the big picture. So today we are going to keep it simple and to the point, which is easy because the market itself is giving us some very clear indications. Full Story |
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