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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 25 May, 2007
Gold traded a couple of dollars higher in Asia and London and topped $656 in early New York trade before it dipped back near unchanged by late morning, but it then rallied back higher into the close and ended with a gain of 0.37%. Silver neared $13.00 in early New York trade before it fell back to $12.84 by late morning, but it also rallied into the close and ended with a gain of 0.70%. Full Story |
By: GoldSeek.com - 25 May, 2007
COT Gold Report - May 25, 2007 Full Story |
By: SilverSeek.com - 25 May, 2007
COT Silver Report - May 25, 2007 Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 25 May, 2007
I have loved reading my entire life, so when I am not studying the financial markets one of my favorite pastimes is reading great fiction. My favorite genre these days is the rich adventure/action stories spun out by brilliant authors like Clive Cussler, Jack Du Brul, and James Rollins. A good book makes even the very best movies seem like shallow grade-school plays by comparison. Full Story |
By: Peter Zihlmann - 25 May, 2007
In September 2005 (see Follow-up No. 5), we noted a pinch of excessive enthusiasm in commodity markets and recommended ”to sell on strength” even though we believed, and still believe, that the secular bull-market still had and has a long way to go. The market moved higher throughout the remainder of the year and reached a peak of 366 points during the second half of the following year at which point a lengthy correction started to unfold. Whether this correction is now coming to its end is the key question which one has to ask. Full Story |
By: Roland Watson, The Silver Analyst - 25 May, 2007
While we await silver to press onto new highs, what is the current situation with silver mining stocks? If you go to Yahoo! Finance, you will find various indices to represent various mining companies with an emphasis on gold such as the HUI and the XAU. You will of course be able to check up on your favourite silver stock but there is no silver stock index one can consult. For that reason, I formulated my own Silver Analyst Stock Composite index or the SASC index for short. Full Story |
By: Chintan karnani, Insignia Consultants - 25 May, 2007
Market sentiment for gold, silver and metals is bearish. There are more long positions than short positions in every metals which has resulted in investors using the rise as an exit opportunity. Full Story |
By: Chris Mullen, Gold-Seeker.com - 24 May, 2007
Gold remained near unchanged in Asia and London before it dipped about $4 in early New York trade and then dropped another 1% between 11AM EST and noon to as low as $651.00 before it rebounded slightly into the close, but it still ended with a loss of 1.44%. Silver followed a similar pattern and dropped to as low as $12.74 before it also rebounded in afternoon trade and ended with a loss of 1.69%. Full Story |
By: Peter Degraaf - 24 May, 2007
The good news is that the bells for silver and gold are starting to ring again! Initially only a few people can hear them. In this essay we will look for these bells, and check to find out if they are loud enough to excite those investors who like to ‘buy low and sell high’. After all before we can sell high, we must first buy low! Full Story |
By: Jack Chan - 24 May, 2007
The gold sector indices and ETFs continue to be oversold and can bounce sharply from current levels. However, we will remain in cash until we have a signal, set up, and reasonable stop. Full Story |
By: Chintan Karnani - 24 May, 2007
Gold and Silver in a tight leash........ Full Story |
By: Chris Mullen, Gold-Seeker.com - 23 May, 2007
Gold traded within about $2 of either side of unchanged in Asia and early London trade before it began to rise in late London and early New York trade, remained solidly above $660 throughout the rest of trade in New York, and ended about $2 off its high with a gain of 0.49%. Silver followed a similar pattern and rose over $13.10 in late morning New York trade before it fell off a bit into the close, but it still ended with a gain of 1.09%. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 May, 2007
The Banco de Espana's holdings of foreign currencies and gold have fallen to €13.2bn (£9.02bn), equivalent to 12 days of imports, according to their website. Last week saw a continuation of their sales of gold of, possibly, in the region of 10 to 15 tonnes more. Full Story |
By: Clive Maund - 23 May, 2007
Oil is now very close to breaking out from the large Head-and-Shoulders bottom that we had earlier identified, and from the look of the latest oil COT chart, on which the Commercials short positions have shrunk dramatically, it is close to doing so – and if it does it will be on its way to $80 minimum. Needless to say this will be inflationary, and thus bullish for Precious Metals. Should this breakout occur, it will radically improve the outlook for gold and silver. Full Story |
By: Clive Maund - 23 May, 2007
While looking weaker than gold at this time, silver is expected to turn up shortly for the same reason as gold - the inflationary implications of an impending sharp rise in the oil price – the expected breakout by oil from its large Head-and-Shoulders bottom formation will project it to a minimum target at $80. Full Story |
By: Dr. Clive Roffey - 23 May, 2007
Bullion appears to have found support at the $655 level after being battered nightly in New York for the past two weeks due to large selling out of StreetTRACKS the main gold based Exchange Traded Fund. They ditched over 17 tonnes onto the market during the past couple of weeks. Effectively this huge ETF has a similar depository role to that of a central bank, except that it is subject to the whims of its investors. Full Story |
By: Chintan Karnani - 23 May, 2007
Copper dictates terms with Gold and Silver...... Full Story |
By: Chris Mullen, Gold-Seeker.com - 22 May, 2007
Gold rose a couple of dollars by late trade in Asia and early trade in London before it fell back off for the rest of trade in London and New York and ended just 10 cents off its low with a loss of 0.57%. Silver rose near $13.10 by early trade on London, but it also fell off for the rest of trade and ended just one cent off its low with a loss of 1.07%. Full Story |
By: Chintan Karnani - 22 May, 2007
Gold and silver trying to recover.... Full Story |
By: Chris Mullen, Gold-Seeker.com - 21 May, 2007
Gold traded roughly $2 higher in Asia before it began to fall in London and dropped to as low as $656.40 by about 10AM EST in New York, but it then rallied back higher for the rest of trade and ended near its high of the session with a gain of 0.30%. Silver dropped to as low as $12.79 before it also rallied for the rest of trade and ended with a gain of 1.09%. Full Story |
By: Merv Burak - 21 May, 2007
Looking at the long term P&F chart we are still a long way from a reversal to the bear side. At the present time we would need a move to the $600 level to turn bearish (although that could change with subsequent new up and down activity). Even using the old $10 unit, 2 unit reversal chart would require a move to $630 so for now the P&F charts are still in the bullish camp. Full Story |
By: Douglas V. Gnazzo - 21 May, 2007
Stocks in the U.S. and most other foreign markets are setting new highs almost weekly. Conspicuously absent from the party are the stock markets of the oil rich Mideast Gulf States. Joining them is our own Nasdaq market, which is about 50% off its highs. The rise in the stock markets, as well as most other asset classes, is the result of profligate monetary and credit creation – predominantly the latter. Full Story |
By: Chintan Karnani - 21 May, 2007
Gold and Silver to recover.... Full Story |
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