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Weekly Archives
By: Chris Mullen, Gold Seeker - 17 November, 2006
Gold traded mostly slightly lower in Asia and London and dipped to about $615 in early New York trade, but it then started to move higher in choppy trade and accomplished slight gains by the close to end with a gain of 0.14%. Silver dropped about 15 cents in Access trade yesterday, held near $12.75 in Asia, and fell another 5-10 cents in London and early New York trade before it rebounded a bit into the close, but is still ended with a loss of 1.47%. Full Story |
By: GoldSeek.com - 17 November, 2006
COT Gold Report - November 17, 2006 Full Story |
By: SilverSeek.com - 17 November, 2006
COT Silver Report - November 17, 2006
Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 17 November, 2006
Since its latest interim low back in early October, gold has been rallying nicely. In the six weeks since then the Ancient Metal of Kings is up 13%. This is an impressive move by any standard, and it utterly dwarfs the much-hyped Dow 30’s 2% run higher into nominal record territory over this same period of time. Full Story |
By: Jack Chan - 17 November, 2006
Yes, we may be wrong on our analysis about the potential of the gold breakout, and the potential of this rally. In fact, this could be just a big fakeout before gold plunges to oblivion. ( I enjoy getting the gold bugs all worked up) Anyone who has traded the gold sector more than a few years knows how volatile this market is, and things can change on a dime. Perma gold bulls can simply sit thru all the corrections without blinking an eye. Full Story |
By: Chintan Karnani, Insignia Consultants - 17 November, 2006
Gold refuses to break $630.00 while the US dollar refuses to sell-off, even in the face of broadly disappointing economic data. All due to crude oil which is set for its biggest weekly decline since October 2005, on speculation OPEC will exceed its production target. Full Story |
By: Chris Mullen, Gold Seeker - 16 November, 2006
Gold traded mostly slightly higher in Asia and London before it found about $5 gains in early New York trade, but it then steadily fell off into the close and ended near its lows with a loss of 0.26%. Silver also traded mostly slightly higher in Asia and London before it rose to find about 25 cent gains in early New York trade and then fell back off a bit, but it sill ended with a gain of 0.47%. Full Story |
By: Michael Nystrom - 16 November, 2006
The Dow closed at another new, all time high today (12,251 on Wednesday November 15) so the economy must be doing great, right? But just a second - guess how many Dow stocks made a new high today, along with the index? Full Story |
By: Chintan Karnani, Insignia Consultants - 16 November, 2006
Gold continued to find buyers below $620 while silver raced higher. At lower levels there is investment demand as well as physical demand clearly suggesting the bullish sentiment. Full Story |
By: Chris Mullen, Gold Seeker - 15 November, 2006
Gold fell near $620 in Access trade late yesterday ahead of a rebound back near unchanged in Asia, but it then fell back off in London and dropped to as low as $615.00 in early New York trade before it rallied throughout most of the rest of trade and ended just 0.24% lower. Silver followed a similar pattern and fell to as low as $12.45 in early New York trade before it rallied a bit stronger than gold in late New York trade and ended with a gain of 0.39%. Full Story |
By: Theodore "Ty" Andros & Garrett Jones - 15 November, 2006
In the past miners of all minerals used to keep Canaries in cages at various place throughout the mine to identify when unknown “No smell” dangers of Natural gas or carbon monoxide were emerging. When they would see the canary pass out or die they knew there were dangers emerging and to get out. The US economy also has warning Canaries, in this case it is the ISM survey that has been declining since January and as Dennis Gartman is fond of saying it is going from the upper left to lower right, in other word trending downward take a look at the numbers. Full Story |
By: Chintan Karnani, Insignia Consultants - 15 November, 2006
Spot gold has been unable to break and hold $630 and inability to do so this week will result in a fall to $611 and $605. Full Story |
By: Chris Mullen, Gold Seeker - 14 November, 2006
Gold remained near unchanged in Asia and London and rose about $5 near $630 in early New York trade before it fell to as low as $619.00 in later morning trade, but it then rallied into the close and ended with a loss of just 0.03%. Silver rose to about $13.00 in early New York trade before it fell to as low as $12.69 in late morning trade, but it also rallied into the close and ended with a loss of just 0.08%. Full Story |
By: Axel Merk, Merk Hard Currency Fund - 14 November, 2006
America’s massive trade deficit exerts pressure on the US dollar as currency is shoveled abroad in return for goods and services. As the economy is slowing down and possibly sliding into recession, the rate at which the trade deficit grows may be slowing down; in September, this deficit was “only” $64.3 billion – still near record territory, but not as bad as economists had predicted. Full Story |
By: Theodore Butler - 14 November, 2006
For the past month or two, I have written about how the market structure in silver and gold, as depicted by the Commitment of Traders Report (COT) had indicated low risk and decent upside potential. That depiction proved correct, as prices rallied from dead low points to recent highs by around $2.50 in silver and $70 in gold per ounce. Once again, the COTs provided an accurate assessment of the low-risk nature of the recent bottom in silver and gold. Now what do the COTs suggest? Full Story |
By: Mary Anne & Pamela Aden - 14 November, 2006
Gold, silver, their shares and the resource shares have finally started to rise. It took a while and for many, the five month correction from May to October seemed endless. Granted, this correction was the sharpest decline in the bull market, which is what made it feel endless but long corrections can be normal. Take 2005, for example, when gold corrected from December 2004 to July 2005. But this quiet time was the calm before the storm prior to gold really taking off and capturing world attention when it soared for months, peaking last May at a 26 year high. Full Story |
By: Greg Silberman - 14 November, 2006
It’s a very tricky balancing act and as long as the world faces these massive financial and natural imbalances the major investment themes within your portfolio should be Gold for Dollar devaluation and Uranium for Global Warming. Full Story |
By: Steven Saville, Speculative Investor - 14 November, 2006
In our 6th November commentary we made an effort to debunk the conventional wisdom that stronger economic growth leads to a rise in the general price level. Based on the feedback/questions received from several subscribers it is, we think, worth providing some additional explanation on this important topic. Full Story |
By: NSFutures - 14 November, 2006
A bearish signal was triggered on a crossover down in the daily stochastics. Momentum studies trending lower from overbought levels is a bearish indicator and would tend to reinforce lower price action. A negative signal for trend short-term was given on a close under the 9-bar moving average. The market tilt is slightly negative with the close under the pivot. The next downside target is 619.3. The next area of resistance is around 628.7 and 630.9, while 1st support hits today at 622.9 and below there at 619.3. Full Story |
By: Chintan Karnani, Insignia Consultants - 14 November, 2006
US retail sales and other economic numbers from US and Europe will dictate the movement of the US dollar as well gold and silver for the day. Full Story |
By: Chris Mullen, Gold Seeker - 13 November, 2006
Gold rose over $3 in early Asian trade, fell back near unchanged by the open in London, dropped over 1% in mid-London trade and fell near $620 at the New York open, but it then rebounded nearly 1% from its lows and closed with a loss of 0.64%. Silver dropped under $12.70 before it rebounded about 15 cents from its lows, but it still closed with a loss of 1.46%. Full Story |
By: Julian D. W. Phillips, Gold Forecaster – Global Watch - 13 November, 2006
But to affect the gold price, they just have to act on their fears of the instability of the $. Then others will! This is enough to make Investors, traders, et al, go for gold. Certainly such statements from China bring the $ crisis closer and for confidence to move closer to gold! After all if the world’s foreign biggest owner of offshore $’ thinks its $ investments are unstable how could all of the rest of us not do so? Full Story |
By: Nick Barisheff, Bullion Marketing Services Inc. - 13 November, 2006
Gold is on the rise. It recently surpassed $630 per ounce, an increase of more than 145% from its low of $254. As of mid-2005, it has increased approximately 30% in all currencies, and is no longer simply reflecting US-dollar weakness. Media coverage attributes these increases to supply shortfalls, geopolitical concerns, rising oil prices, inflation fears and US financial imbalances. Full Story |
By: David Bond - 13 November, 2006
Gare St. Lazare, Paris – We are winding down two weeks of the most intensive campaign on behalf of silver Europe has ever seen. This juggernaut began two weeks ago in Munich, veered into northern Switzerland, hooked left into London, and finally has come back across the Channel to rest in Paris with today’s conclusion of the 2nd Paris Silver Summit. Full Story |
By: GoldSeek.com - 13 November, 2006
COT Gold Report - November 13, 2006 Full Story |
By: SilverSeek.com - 13 November, 2006
COT Silver Report - November 13, 2006 Full Story |
By: Gary Dorsch, Editor Global Money Trends newsletter - 13 November, 2006
In the 1990’s, the prevailing question was, what if European central banks reduce their gold holdings to 10% of their reserves? Now, the question is what if Asian central banks increase their holdings to 10% of their reserves? said Philipp M. Hildebrand, member of the Swiss National Bank, on June 26th, 2006. But to what extent would the People’s Bank of China shift into other currencies or gold, while shunning the US dollar, given its dependence on exports to the US to keep its economy humming at 10% per year? Full Story |
By: Ned W. Schmidt, CFA,CEBS - 13 November, 2006
The Congressional election in the United States of last week has some immediate ramifications that should not be ignored by investors, especially those in North America. Foremost, the results have serious negative consequences for the economic and global power of the United States. To some childlike minds that may be good, but the weakening of the global hegemon has never had positive results. Those interested may want to see Kindleberger on the causes of the Great Depression. Full Story |
By: Team silberinfo - 13 November, 2006
The silver mines that are valued by us as especially sound and prospective are comprised within the silberinfo index (SIX) which index has reached a new high of 108 points last Friday. After the heavy correction until the beginning of October to 86 points, the SIX began a new upward trend on October 5 that has reached a new high at 108 points last Friday and therefore has risen approx. 26%. Full Story |
By: PMtrader - 13 November, 2006
Over the last many years, I've written a considerable number of editorials, many of them focusing on spread analysis - (HUI index minus the Price of Gold). In another editorial entitled "Finding Leverage in the HUI", I introduced a time-independent valuation criteria termed the "Rule of 200". At that point in time - with the POG still chained below 400 - the HUI index was acting linearly with respect to the POG. In other words, the spread (since subtractive) was a constant and roughly equal to 200. Full Story |
By: NSFutures - 13 November, 2006
Studies are showing positive momentum but are now in overbought territory, so some caution is warranted. The market's close above the 9-day moving average suggests the short-term trend remains positive. The market tilt is slightly negative with the close under the pivot. The next upside objective is 639.9. The next area of resistance is around 634.7 and 639.9, while 1st support hits today at 625.5 and below there at 621.4. Full Story |
By: Chintan Karnani, Insignia Consultants - 13 November, 2006
It’s China, China everywhere. China’s absence in global copper markets resulted in copper tumbling while expectations of China’s presence in gold market resulted in gold rising. Quite a paradox! Full Story |
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