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Weekly Archives
By: Chris Mullen, Gold Seeker - 27 April, 2007
Gold traded a couple of dollars lower in Asia and London, but it then rose in early New York trade, remained near its highs into the close, and ended with a gain of 0.67%. Silver followed a similar pattern and added 1.13%. Full Story |
By: GoldSeek.com - 27 April, 2007
COT Gold Report - April 27, 2007 Full Story |
By: SilverSeek.com - 27 April, 2007
COT Silver Report - April 27, 2007 Full Story |
By: Scott Wright, Zeal Intelligence LLC - 27 April, 2007
Just a few years ago, the majority of stock traders were oblivious to the excitement that base metals had to offer commodities stocks. Futures traders hustled and bustled to make a buck in their familiar base metals marketplace, yet not even they were aware of the eruption of capital that would eventually take these markets by storm. Full Story |
By: Neal R. Ryan - 27 April, 2007
It is our firm belief that the reason we have seen the gold market fail to take the $700 level over the past week is due to the continued increase in Central Bank gold sales, specifically those out of the European Central Bank (ECB) system. Full Story |
By: Chintan Karnani, Insignia Consultants - 27 April, 2007
Yesterdays fall was not s surprise. It was bound to happen sooner than later after gold, silver and copper failed to edge higher over the past one week. Full Story |
By: Chris Mullen, Gold Seeker - 26 April, 2007
Gold traded a couple dollars higher in Asia before it fell about $5 in London and dropped even further in early New York trade to as low as $670.80 by late morning, but it then bounced higher into the close and ended nearly $4 off its low with a loss of 1.40%. Silver dropped to as low as $13.15 by late morning before it also rebounded in afternoon trade, but it still ended with a notable loss of 3.35%. Full Story |
By: Jack Chan - 26 April, 2007
We were positioned for a third attempt of a major breakout since the correction began in May 2006, and rejected again. We will continue to wait for set ups to buy as long as the gold cycle remains up. Full Story |
By: Neal R. Ryan - 26 April, 2007
We're left with the only plausible explanation and in our opinion, the correct one. ECB central banks have been throwing everything but the kitchen sink at this market in the past month and prices have still been able to hold up quite well, even advancing in the face of the increased gold sales and an unknown level of loans and swaps. We won't know until Tuesday what the sales levels have been for this past week, but we still believe that there is a significant tonnage of sales hitting the market this week, putting considerable pressure on the price. Full Story |
By: Chintan Karnani, Insignia Consultants - 26 April, 2007
Gold, silver and other metals have gained more against the US dollar than other currencies such as Euro, sterling, loonie due to the slide of the greenback against most of the currencies across of the globe in 2007. Full Story |
By: Chris Mullen, Gold Seeker - 25 April, 2007
Gold traded on either side of unchanged in Asia before it found about $2 gains in London, but it then fell back off in late New York trade and ended with a gain of just 0.04%. Silver remained near unchanged in Asia and London before it rose to about $13.85 in morning New York trade, but it also fell back off in late trade and ended at its low of the day with a loss of 0.15% Full Story |
By: Neal R. Ryan - 25 April, 2007
There seems to be a great deal of concern on the lack of follow through from investors at present and is being used as the reason for the inability to vault past the $700 price level. We would argue that the huge influx of Central Bank gold into the market is the only thing keeping prices from visiting these levels and highlight that prices holding up in the face of these significant sales increases has been nothing short of remarkable. The sales will abate and the $700 will be achieved. We stated last week that we though that could happen in 10 days. We still believe that will happen. Full Story |
By: Ned W. Schmidt, CFA,CEBS - 25 April, 2007
How much has Gold benefited from the carry trade loans? How much of the run from US$640 to US$690 has been fueled by the same borrowed money that has pushed paper equities higher? Is Gold vulnerable when the carry trade loans are forced to unwind? How much price vulnerability might occur? These are the questions being mulled by serious investors in Gold. Unfortunately, these same questions as they apply to paper equities are being largely ignored. Full Story |
By: Chintan Karnani, Insignia Consultants - 25 April, 2007
Copper started the sell of after Sales of existing homes suffered their biggest drop in 18 years due to poor weather, a correction from stronger January and February levels, spillover from the sub prime sector and the reluctance of existing homeowners to reduce prices. Full Story |
By: Chris Mullen, Gold Seeker - 24 April, 2007
Gold fell a few dollars in early Asian trade before it rallied back higher in London and saw about $2 gains by the open in New York, but it then steadily fell off in morning New York trade and fell even further in early afternoon trade ahead of a small rally off its low in the last hour of trade that left it with a loss of 0.87%. Silver rose to over $14.05 in London before it also steadily fell off in morning New York trade and then dramatically fell off further in early afternoon trade before it also bounced slightly higher into the close, but it still ended with a notable loss of 1.99%. Full Story |
By: Neal R. Ryan - 24 April, 2007
Central bank sales have been the wet blanket on top of the market, keeping us from the $700 level over the past few weeks. It's not a lack of follow through or investor interest that we're experiencing right now, it is five straight weeks of a massive supply infusion from CB sales that has kept prices from jumping. We might see another week or two of higher than average sales over the next two reports, but we believe where the market would have tanked in the past under such selling pressure, seeing the market digest and trend higher in the face of these sales is still the single most bullish factor in favor of considerably higher prices in the coming months. Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 24 April, 2007
For a few tumultuous hours on April 19th, it seemed like deja ‘vu all over again. Global commodity and stock market operators held their collective breathe, as the Shanghai Stock Index tumbled as much as 7.2% to the 3,400 level, reviving fears of yet another gut wrenching global shake-out. Beijing had delayed the release of two key economic statistics until after the close of trading, heightening fears of bearish news that could derail the Shanghai freight train. Full Story |
By: Neal R. Ryan - 24 April, 2007
One of the two recently announced platinum ETFs launched today in London and is experiencing some very positive investor interest. The second Platinum ETF, on the Swiss bourse, is set to launch some time before May 10th. Again, time will tell how these two ETFs impact the market. One thing that is certain, this will be a new impact on the demand side of the market that platinum (and palladium) have not previously experienced. Full Story |
By: Puru Saxena - 24 April, 2007
INFLATION/DEFLATION – Analysts and economists seem to be divided over this issue. According to some market observers (including me), we are living in a highly inflationary environment. After all, money supply growth is extremely strong in most countries (Figure 1) and this represents inflation.
Full Story |
By: Captain Hook - 24 April, 2007
It’s no secret markets are dramatically affected by investor psychology. And it’s also no secret the right investor psychology can cause prices to soar with a healthy liquidity backdrop, as was the case with both the tech bubble in 2000, and in real estate more recently. In fact, given participation rates in both of these bubbles was so high, it would not be a stretch to categorize them as manias in the truest sense of the word. Full Story |
By: Chintan Karnani, Insignia Consultants - 24 April, 2007
Gold and silver traded in range for most part of the day yesterday due to profit talking but edge higher towards close on short covering after bears ran out of steam. Full Story |
By: Chris Mullen, Gold Seeker - 23 April, 2007
Gold rose a bit in Asia before it fell back off in London and dropped to as low as $687.30 a little after 10AM EST in New York, but it then rallied back higher into the close and ended with a loss of just 0.27%. Silver dropped to about $13.85 in London before it rallied higher for most of trade in New York and ended near its high with a gain of 0.93%. Full Story |
By: CBOT - 23 April, 2007
The following margin changes will become effective with the close of business on Monday, April 24, 2007 Full Story |
By: Douglas V. Gnazzo - 23 April, 2007
Stock markets around the world are rising in unison, buoyed by a rising sea of liquidity – of paper fiat debt-money. The United States is the leader of this monetary orgy with Japan close on her heels. Together they have fostered massive liquidity bubbles across the globe, causing other nations to either join in the celebration or go without. Full Story |
By: Clive Maund - 23 April, 2007
Resource Stock investors have become increasingly excited as gold, silver and oil have advanced over the past 7 weeks or so, with the usual cheerleaders advancing plausible reasons why gold and silver will soon break out to new highs. However, as we will shortly see, big money is positioning itself to fleece the little guy yet again, with the same old music playing over, as it has done countless times in the past. Full Story |
By: Neal R. Ryan - 23 April, 2007
While the market is sitting just below the $700 psychological level for gold, we're more impressed by the price holding above our technical target of the $694-695 level. $700 will get the headlines, but it's more important to see the technical levels hold up over a few days to underscore the strength of the market. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 23 April, 2007
$690-700 then $730 remain upside targets and with the action over the past few months, the market is showing us that it is only a matter of time. With this steady march higher here, gold is looking quite healthy. Few factors to consider here. Resistance is quite heavy around $690-700 while the U.S. Dollar is nearing a series of very strong multi-decade supports. It should be expected that there should be a battle before the inevitable fall in the US Dollar support comes bringing in another large impetus into the gold rally. Therefore, conservative investors could play the $700 resistance by selling into this strength and wait for a pullback or buy back into the market on the break of the $700 mark. Full Story |
By: Chintan Karnani, Insignia Consultants - 23 April, 2007
Most of the Central banker are using the foreign exchange markets for their cause. European Central Bank (ECB), bank of England (BoE) remain unconcerned about the rapid rise. ECB and Bank of England like other central banks are concerned only of controlling inflation without impairing growth and currency appreciation is the best measure for the same. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 22 April, 2007
The flagship HUI gold-stock index has had quite a run over the last six weeks or so. It has already rallied 17% just since it swooned with general stocks in response to the late February selloff in the Chinese stock markets. But this week the HUIuiHUI returned to the technically-feared 360 level that has stymied it for nearly a year now, leaving us at a key technical crossroads. Full Story |
By: Rick Ackerman, Rick's Picks - 22 April, 2007
Trades do not always work as precisely as the one in Citigroup did on Friday, when we shorted a spike opening three cents from the intraday high, then took profits on half the position on the nasty pullback that followed. The strategy we used is worth reviewing, since some crucial elements came together to help us beat a game that is rigged to allow Da Boyz to effectively fleece retail customers without breaking any laws. Full Story |
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