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Weekly Archives
By: Sol Palha, Tactical Investor - 24 November, 2006
The above chart quite clearly illustrates that Uranium is in a long term super bullish phase. It continues to put in new 52 week highs almost on a weekly basis and is now trading at a 20 year high. One would think that uranium has already moved up too much and that there cannot possibly be much more upside left in this bull. Take a look at the chart below and the outlook changes considerably and if one adds in the supply factor the picture gets even more bullish. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 24 November, 2006
While the gold ETFs are not a replacement for physical gold for hardcore gold investors, they were never intended to be. The gold ETFs like GLD exist solely for mainstream stock investors who can’t be bothered to buy physical gold directly, and for mutual funds which can’t legally trade outside the stock markets. We ought to welcome these gold rookies into this bull with open arms since they are helping to drive up gold prices for all of us. Full Story |
By: Clive Roffey, Gold Action - 24 November, 2006
Meanwhile the gold price has broken above the critical $625 breakout area. The move above this should now trigger the target of $685. The Rand continues to bounce around the R7.18 level to the US currency. A break back above R7.30 will trigger a weakening to test the R8 level. But the main currency chart remains the Euro / $ picture. This sideways churning pattern needs a break above $1.29 to trigger the upside breakout situation and send the dollar plummeting to at least $1.43 to the Euro. This is the key to the next move in the gold market. Full Story |
By: Sol Palha, Tactical Investor - 24 November, 2006
With natural gas prices and especially oil prices surging utility companies are increasingly firing up some of their old coal generating plants and also planning on building new ones that employ clean technologies. Coal is still the fuel of choice as approx 49-54% of the power generated in the U.S comes from coal fired power plants. We suspect that many companies will start to build new coal plants employing the new cleaner burning technologies and they will do so without giving a thought to supplies just as is the case with Nuclear power plants; then watch the price of coal soar. Full Story |
By: Chris Mullen, Gold Seeker - 22 November, 2006
Gold fell a couple dollars in Asia before it rose to trade near unchanged in London and then gained over $5 to about $634 in midmorning New York trade, but it then fell off into the close and ended with only a slight gain. Silver rose to about $13.20 in midmorning New York trade before it also fell off into the close and ended with a small loss. Full Story |
By: Bud Conrad - 22 November, 2006
We at Casey Research like to take the long-term view. As part of our ongoing research to understand current investment options and stay abreast of long-term economic trends, we look at how the economy fared under the previous stressful times of the Great Depression. Are there any important similarities? Full Story |
By: Chintan Karnani, Insignia Consultants - 22 November, 2006
It’s a long holiday weekend and traders are either going to square off or go long. Oil prices over $60 a barrel and a weaker US dollar will prevent gold and silver from falling. Full Story |
By: Chris Mullen, Gold Seeker - 21 November, 2006
Gold traded about $1 to $3 higher in Asia, rose another couple dollars in London, and climbed to about $628 by late morning in New York before it fell back off to about $625 in early afternoon trade, but it then rallied back in the last ˝ hour of trade and ended near its highs with a gain of 1.11%. Silver rose about 20 cents in Asia and held near $12.90 in London before it climbed above $13 in New York and ended with a gain of 2.68%. Full Story |
By: Thomas Hartmann - 21 November, 2006
Gold prices continue to consolidate above $620 an ounce. Appearing on the December daily chart is a bull flag formation, indicating that prices are preparing to move higher. Solid demand lies beneath current prices, keeping dips well supported. The next close objective higher is to close above $630. Full Story |
By: Michael Nystrom - 21 November, 2006
After the tremendous bull run of the 1920's, the stock market became very volatile during its topping process in the fall of 1929. On September 5th, influential economist Roger Babson gave a speech predicting a crash, saying "Sooner or later, a crash is coming and it may be terrific!" He had been saying the same thing -- and been widely ignored -- for the past two years, but on that September day his words finally caught hold. Full Story |
By: Steven Saville, Speculative Investor - 21 November, 2006
As a matter of fact neither, because gold is influenced by changes in REAL interest rates and interest rate spreads. Specifically, falling real interest rates are bullish for gold, as are increases in the spreads between long-term and short-term interest rates. It's therefore possible for a bullish (or bearish) interest rate environment -- as far as gold is concerned, that is -- to be associated with rising OR falling long-term interest rates. Full Story |
By: Rick Ackerman, Rick's Picks - 21 November, 2006
I honestly don't understand how their could be a question right now about whether Gold is "bullish" or "bearish." If you want an answer -- a tradable one, even -- then simply look at Gold’s charts. As we can see above, the daily chart is more or less neutral, suggesting that perhaps selling option straddles on bullion may be the way to go. Would you prefer to get long? Fine. Just go to the 5-minute chart (see below) where there's a downtrend in progress to a Hidden Pivot target. Full Story |
By: John Rubino, DollarCollapse.com - 21 November, 2006
Credit card loans, mortgages and all the rest are no longer the banks’ problems, because it’s no longer their money. They do the deals, collect their fees, and move on. Because they no longer have a stake in these loans actually being paid back, they see little risk—at least no mortal risk—in churning out as much paper as the market will bear. So the question becomes, how much more can the market take? Who knows, really. It’s a big world with a lot of dollars sloshing around. Full Story |
By: Chintan Karnani, Insignia Consultants - 21 November, 2006
Physical demand in China is on the rise. Retail investors are buying rocks of gold rise among other forms of gold investment in China. Full Story |
By: Chris Mullen, Gold Seeker - 20 November, 2006
Gold rose a couple of dollars in Asia and London and furthered its gains in New York to over $626 by midmorning, but it then fell back off into the close and ended near its lows with a minor loss. Silver rose near $13.00 before it also fell off into the close and ended slightly lower. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 20 November, 2006
With gold leading silver along by the hand, we feature this week’s article on China and its burgeoning reserves problem, which we believe will be the most significant event in the global monetary system ever to affect both gold and silver. Indeed if it continues to grow in influence on the value of the $, it may well be that silver begins to be treated as a monetary metal at some point in the future. Full Story |
By: Chintan Karnani, Insignia Consultants - 20 November, 2006
This is Thanksgiving week. Gold has been consolidating in $612 - $630 range. Silver has consolidated in $1250 - $1320 range. Gold, silver and copper december future are expiring next week and the rollover and position squaring and rebuilding should pick up as the month comes to an end. Full Story |
By: David Chapman, Union Securities - 19 November, 2006
We can only guess that Wall Street must be pleased that the Democrats won on November 7 and took over both the House and the Senate (actually it’s tied, but the two Independents have sided with the Democrats) for the first time since 1994. Maybe it is the perceived gridlock, with a Republican president and a Democrat House and Senate, that buoys their spirits. Or maybe it is fond memories of the stellar market from 1994 to 2000 under a Democrat president (Clinton) and a Republican House and Senate. Or maybe they still recall the roaring 1982-94 market under Republican presidents (Reagan and Bush the First) and a Democrat House and Senate. Full Story |
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