Gold remained near unchanged in Asia, rose about $5 to over $650 in London, and rose to about $655 in late morning New York trade before it fell back off a bit into the close, but it still ended with a gain of 0.91%. Silver rose to $13.15 in late morning New York trade before it also fell off a bit, but it was able to outpace gold’s gains and added 1.16% at the close. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 16 March, 2007
It is hard to believe that only several weeks ago the US stock markets were carving exciting new highs and complacency reigned supreme. The S&P 500 and NASDAQ were trading at their highest levels since 2000 and 2001 respectively while the Dow 30 soared well into new all-time record territory. Full Story
By: Roland Watson, The Silver Analyst - 16 March, 2007
In the search for knowledge that helps us time exit and entry points for the silver market, I was reminded of that old science fiction series Star Trek. Now you may. ask what Star Trek has got to do with silver? Well, let me define it as the "Spock-McCoy" syndrome of silver investing. Full Story
Copper leads the rally in the metals space on falling LME inventories and a near 113% increase in Chinese demand in the months of January and February. Full Story
Gold rose a few dollars in after hours access trade yesterday and remained within a couple dollars on either side of $645 in Asia and London before it roes near $650 in late morning New York trade, but it then fell back off a bit into the close and ended a few dollars off its highs with a gain of 0.86%. Silver rose about 10 cents in Asia, added another 5 cents in London, and saw over 30 cent gains above $13.00 in late morning New York trade before it also fell off a bit into the close, but it still ended with a gain of 1.81%. Full Story
The gold and silver mining stocks as a group have pretty much performed in line with the broad market since the late February correction with quite a few relative strength out-performers among the PM stocks. There are still some attractive stocks among the gold and silvers despite the sharp correction in the XAU and HUI indices recently, and of course the actual metals have held up despite the across-the-board weakness. The dominant interim momentum indicator for the gold and silver stocks is still rising and hasn’t reversed yet, which should add to the positive outlook for the relative strength stocks within the sector. Full Story
Continued weakness in Stocks or even just the failure to make new highs could trigger a significant monetary disturbance. Gold is poised to be the Major beneficiary and at current levels is significantly undervalued. Full Story
A preface is in order, to honor Sir Alan Greenspan. The housing bust and the mortgage finance debacle have his signature on them. So far he is still revered, for some odd reason, probably basic ignorance. Some called Clinton the “Teflon Man” which more deservedly belongs to Greenspan. Heck, they both earned the title; they can wear it with the ignominy it so justly is associated with. Full Story
Last Friday I sent my subscribers the usual weekend report. In it I mentioned that the commercial traders were still a bit ON THE high side, with 148,000 net short positions. I told my readers that we should expect some weakness early this week, to enable these rascals to load up so they can hit us again at the next top. The weakness arrived, and the big question now is: where do we go from here? Full Story
Gold fell nearly 1% in after hours access trade yesterday, dropped to about $640 in Asia, and fell under $640 in late London/early New York trade before it rebounded to above $645 in late morning New York trade, but it then fell back to a new low at $636.10 ahead of a $4.70 rebound into the close that left it with a loss of 1.03%. Silver dropped to about $12.50 in late London trade before it rose above $12.75 in late morning New York trade, but it then dropped back to $12.55 before it also rebounded into the close and ended with a loss of 0.70%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 14 March, 2007
The Gold Bullion Price expressed below is the price defining those of the Futures / Options / and Exchange Traded Funds, representing a portion of an ounce of gold. The $ price of gold is the one all market operators relate to, due to the $’s position as the present global Reserve Currency. Each Producer receives his income from gold in his local currency only as the host government of the mines exchange the income for local currency. Likewise Indian, European, et al, buyers of gold use their own local currencies when buying gold. Gold Forecaster, tracks the gold price in the different currencies. Full Story
The European Central Bank system today updated gold sales for the past week. There was a half tonne in sales -- 16,000 ounces of gold. I expect that at some point we'll see a pickup in selling by the central banks, but we're trending even lower in terms of weekly sales. Full Story
More subprime bad news hit the Dow as it closed down 242 points at 12,075, dragging the FTSE lower to 6161, which had earlier earlier in the day rallied strongly to 6276. The sell off had started in Asia with many indices down between .5% and 1%. Full Story
Yesterdays fall in equity markets and commodities reflects the amount of Japanese money everywhere which resulted in investor preference towards high risk stocks. Risk aversion has resulted in unwinding of carry trades. Full Story
Gold traded slightly higher in Asia, fell a bit in London, and dropped to $647.10 by the open of trade in New York, but it then rallied to about $652 by about 10AM EST before it fell back off for the rest of trade and ended back near its low of the session with a loss of 0.23%. Silver followed a similar pattern, but it made new lows by the close and ended with a loss of 1.08%. Full Story
This is my objective look at silver. Technical analysis is nothing more than an educated guess. But being independent and thinking outside of the box allows me to see things other analysts may not see, and as a result, may not agree. For me and my subscribers, I would like to see this silver/gold ratio continuing up and never drops again, so that we can park our money in silver and become filthy rich. But the markets are seldom that accommodating, and the best offense is a good defense. So, while many are cheerleading the current breakout in silver with $20 being a “gimme”, I exercise caution and pay attention only to price action. Full Story
By: Gary Dorsch, Editor, Global Money Trends newsletter - 13 March, 2007
Millions of words have been written about the heavy handed tactics of Japan’s Ministry of Finance (MoF) in manipulating the value of the Japanese yen, the Japanese bond market, and squeezing short sellers in the Nikkei-225 futures market. Manipulation of markets through the use of jawboning, re-jigging of inflation statistics, and outright intervention is a time honored tradition at the MoF. Full Story
The world is awash in dichotomies, misperceptions, and imbalances that make it very difficult indeed for independent investors to safely navigate shark-infested waters of the seven seas today. A good example of this is the spin media types are attempting to pawn off as a rational explanation for the quarter point rate hike in Japan last week. As per the attached, and consistent with central bank community party line ‘rhetoric’, or ‘propaganda’ if you will, monetary authorities in Japan are attempting to make it appear the economy is just right, as with Goldilock’s porridge, not too hot or cold. Full Story
By: Steven Saville, Speculative Investor - 13 March, 2007
With the stock market having most likely commenced an intermediate-term correction it's a good time for us to go over some old ground; specifically, we are going to re-visit the relationship between the silver/gold ratio and the broad stock market that we've discussed a number of times over the past several years. Full Story
This past week we saw an expected bounce in the stock market. But per my last commentary, we are not out of the woods when it comes to this sell-off. I typically have CNBC on in my office, and it never ceases to amaze me the continual assertion by pundits that we are in the midst of a goldilocks economy and that the stock market is undoubtedly going to head higher over the next several months. Whether or not you subscribe with my 20%+ decline in the market, you have to at least understand that we do not have a goldilocks economy. Full Story
Gold & silver took a hit along with the other markets in the carry trade debacle. They have since recovered some but still remain subdued. Sentiment indicators show pessimism, as rallies are sold into and product moves from weak to strong hands. The indicators were more negative then positive and hint that further downside action could occur. Full Story
US dollar weakness against major currencies is supporting gold and silver prices. Shares of New Century Financial were suspended for trading, raising concerns that the company may have no choice but to file for bankruptcy. Full Story
The March volatility in commodity markets should reduce as we near towards the close. March is the financial year close for many countries across the globe including India and Japan. Full Story
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