By: Todd Stein & Steven McIntyre - 27 January, 2006
In our articles titled “Silver ETF: Shock & Awe” and “Powerful Silver ETF”, we highlighted how the introduction of a silver ETF would send shockwaves through the financial markets. We used the introduction of the U.S. gold ETFs (tickers: GLD & IAU) as a model of what would happen to physical silver demand once the silver ETF (proposed ticker: SLV) starts trading on the Amex. Now that a little more than one year has passed since the gold ETFs were introduced, let’s take another look at just how much demand for silver could be impacted. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 27 January, 2006
January 31st, 2006 marks the end of a financial era. The long-time Chairman of the Federal Reserve, Alan Greenspan, will retire after 18 years at the helm of the United States’ central bank. Widely lionized at the pinnacle of his career, Greenspan’s legacy will profoundly affect investors worldwide for many years to come. Full Story
While silver, platinum and copper managed to make new highs in the action yesterday, the gold market lagged behind and was at times undercut by fund sales. We suspect that the profit taking was partly driven by simple money management purposes and not because of a sudden shift in the fundamental composition of the gold market. It is possible that persistent strength in the gold market is robbing the market of some investors and one might even suggest that a creep higher in the US Dollar is also hindering gold. Full Story
Gold traded slightly lower in Asia before dropping further in London and falling to around $555 in early New York trade, but it then rebounded for the rest of trade in New York and ended back up near $560. Silver traded mostly slightly higher in Asia and London before falling off a bit in early New York trade, but it also rebounded for the rest of trade in New York and ended at a new 18 and ½ year high with a nice gain. Full Story
I read an article last month in the Chicago Tribune entitled “Gold’s Back, in all its Flighty Glory”, and I’ve been meaning to pen a short piece on it. Featured on the front page of the “Your Money” section, complete with a pot-o- gold suspended above a very bullish 30-year chart of gold’s price performance, it seemed as if the yellow metal really was back in all its glory. But what about silver? Full Story
It seemed not a single speaker, analyst, or writer cited the heightened risk connection between the Iran nuclear confrontation and the defense of the Petro-Dollar with the inauguration of the Iranian Oil Exchange in March. All three topics are integrally related. They see it only as a geopolitical stress point and conflict which has drawn several key world players in an energy region. Nobody sees the Iranian sale in euros as connected to the claimed nuclear threat. Full Story
Trio gold is based out of Calgary Canada and currently has two properties that are receiving a significant amount of attention. The one in Idaho is called the Empire Property (copper, gold, and silver) and it’s the most advanced in terms of development and exploration. The other one called Rodeo Creek (gold) is in Nevada. Trio Gold is the only Junior Mining Company that holds a significant stake on the world famous Carlin Trend in Nevada. This is a small company, with an extremely dedicated and hard working group of people running it. Philip van Angeren is their chief geologist. Full Story
It was a little disappointing to see gold fail to rise to a new contract high yesterday in the wake of the strength in the Silver, platinum, copper and zinc markets. It is possible that the slight bounce in the Dollar yesterday took some of the zing out of the bull case in the gold. News reports overnight suggest that a new gold coin being sold in Japan might be set to ramp up investor/consumer interest in gold, and while some might balk at the rising price of gold, the buzz off persistent gains in gold prices is exactly the type of information that can fuel the speculative interest to even higher levels. Full Story
Gold remained near unchanged for most of trade in Asia, but it then began a pronounced move upward at the end of Asian trade and continued to surge higher throughout most of trade in London. After making a high around $566 in New York it then fell off a bit, but it still ended the session at a new 25 year closing high. Silver followed a similar pattern to gold in Asia and London, but it continued to march higher in New York and ended near its highs with a 2.94% gain at a new 18 and ½ year high. Full Story
You may have recently read some thoughts on what is being dubbed the 99-year cycle. And although we will not get into naming names, one particular author who is widely read is of the opinion US stocks, as represented by the Dow, are at a similar juncture at present when compared to the turn of the Twentieth Century, and that they are poised to take a beating. Full Story
It has been a while since I have written about the market structure in gold and silver, as defined by the Commitment of Traders Report (COT). This has been intentional, as I have chosen to retreat from the public dissemination of such analysis on a regular basis. But I would like to share some thoughts at this time. Full Story
Gold is expected to break sharply higher soon, in sympathy with an important upside breakout by silver. A strong rally should follow that will probably take it to the $610 area. However, gold is already substantially overbought, being significantly more overbought than silver, although this is not expected to stop it - but once the move appears to be approaching completion, we will be noting the positions of the exits as the gap with its moving averages will then be huge. Full Story
What a difference a few hours can make! After posting the article “The Great Silver Standoff”, additional research for a new Silver Market update revealed that on the arithmetic chart, silver has in recent days successfully tested the lower channel line of a fine parallel uptrend channel, and is now in position to break strongly higher, an event that can be expected to trigger another strong rally in gold. Full Story
The immediate outlook for gold very much depends on the outcome of the silver "war of attrition", being fought in the $8.80 - $9.30 zone. Silver’s late December - early January rally stalled out EXACTLY at the early December high, and the metal has since kept everyone guessing - is it making a Double Top or not? The battle has been going on all this month and there are already a lot a dead bodies lying around. Full Story
While gold was barely changed in China ahead of a coming week long holiday and the European gold mostly marked time, it would seem like the early US action has managed a quasi upside breakout on the charts. However, in order to confirm the upside breakout and directly extend the overnight rise, the April gold contract might have to maintain above $566 in the first hour of trade today. A possible flap between Freeport and the Indonesian government could eventually complicate production at one of the world's largest mining companies. Full Story
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