|
Weekly Archives
By: Chris Mullen, Gold Seeker - 30 March, 2007
Gold traded mostly slightly higher in Asia and London and then dipped in midmorning New York trade to find a minimal loss at $660.50, but it then rallied higher in late morning and climbed above $667 at one point before it dropped in afternoon trade and closed with a gain of 0.36%. Silver fell to $13.22 before it rallied above $13.35 by early afternoon, but it also fell off into the close and ended with a gain of just 0.15%. Full Story |
By: PMtrader - 30 March, 2007
Many often argue against the gold standard by saying something like, "Can't they just inflate the currency, irrespective of whether or not it is linked to gold?" This argument is naive because it misses the main point. With a gold or other hard money standard, there is very little time lag between when irresponsible monetary policy translates into the rising cost of goods. Alternatively, with a fiat standard, irresponsible monetary policy can be hidden for years, even decades. Still, the discerning eye can see this inflation, though often only in hindsight - the search for this hidden inflation is the subject of this paper. Full Story |
By: GoldSeek.com - 30 March, 2007
COT Gold Report - March 30, 2007 Full Story |
By: SilverSeek.com - 30 March, 2007
COT Silver Report - March 30, 2007 Full Story |
By: Roland Watson, The Silver Analyst - 30 March, 2007
Some weeks back we looked at how the HUI index of unhedged gold producers was leveraging the price of gold. As any seasoned gold investor will know, well chosen gold mining stocks offer gearing on the rising price of gold up to many times depending on the quality and timing of the stock chosen. However, since 2004, the HUI has failed to live up to that tag as its performance against gold has increasingly diminished until recently. To this end, we present the latest on how the HUI is doing against its main product. Full Story |
By: Scott Wright, Zeal Intelligence LLC - 30 March, 2007
In the Olympics when the second-place finisher of an event steps up to the podium to receive his silver medal, it is always overshadowed by the champion of the event, the elite top finisher, the gold medalist. In the precious metals realm this analogy holds all too true for the exposure, attention and market that gold commands over silver. Though I believe gold’s dominance over silver is warranted for a variety of reasons, silver embodies many of the same fundamental characteristics as gold and indeed stands on its own two feet in its own bull market. Silver has and will greatly reward investors and speculators that heed the call of this precious metal. Full Story |
By: Rick Ackerman, Rick's Picks - 30 March, 2007
Since gas at the pump seems primed to surge above $3.00 before the summer driving season even begins, I thought it might be a good time to check some NYMEX charts to see whether they concur. In fact, June Crude is hovering near an important price target at 68.76, having spiked to a 68.09 top earlier in the week. My hunch is that if it blows past the higher number – meaning, exceeds it by more than about 30-40 cents -- it will be signaling significantly higher prices over the near- to intermediate-term. This is by no means a foregone conclusion, and it is still possible that Tuesday’s parabolic surge will prove to have been the last gasp of the 2007 bull. Full Story |
By: Neal R. Ryan - 30 March, 2007
I believe we'll see on Tuesday morning, with the release of the ECB gold sales updates, the potential culprit behind this lack of performance in precious metals will be revealed. At a time when logic would suggest precious metals should be outperforming most other investments, we've seen gold painfully inch forward and capture only modest gains in the last two weeks. In the last two reporting weeks, we have seen sales figures from ECB banks spike considerably. Full Story |
By: Chintan Karnani, Insignia Consultants - 30 March, 2007
A memorable first quarter comes to an end. Gold, silver, copper as well as crude oil have performed exceedingly well and have given above average returns. Crude oil has been on a one way upward run on escalating tensions between Iran and UK. Full Story |
By: Chris Mullen, Gold Seeker - 29 March, 2007
Gold traded mostly slightly lower in Asia and London before it fell throughout most of morning trade in New York to as low as $654.40 at one point, but it then rallied back higher into the close and ended with a loss of just 0.80%. Silver dropped to as low as $13.09 before it also rebounded into the close and ended with a loss of just 0.45%. Full Story |
By: Chintan Karnani, Insignia Consultants - 29 March, 2007
Markets are being dictated by geopolitical worries, which is supporting precious metals. Iran is a risk at the moment. It’s very difficult to comment where the Iran situation will lead whether from “good to worse” or “bad to good”. Full Story |
By: Chris Mullen, Gold Seeker - 28 March, 2007
Gold rose over $5 to about $668 in after hours access trade yesterday before it fell back off to about $664 in Asia, traded near $665 in London, and rose to over $668 in early New York trade, but it then fell for the rest of the morning to as low as $663 ahead of a rally back higher into the close that left it with a gain of 0.66%. Full Story |
By: Ned W. Schmidt,CFA,CEBS - 28 March, 2007
To the joy of day traders, the Federal Reserve Open Market Committee, the rate setting arm of U.S. Federal Reserve, announced again their lack of commitment to sound money. For a day U.S. equity markets were filled with joy and short covering. FOMC statement, released after their meeting, suggested diligence on inflation(wink, wink), and suggested some concern for weakening U.S. economy. Easier U.S. monetary policy may require just one more indication of the collapsing U.S. housing industry and could be only one committee vote away. Full Story |
By: Charleston Voice - 28 March, 2007
In nominal terms the Dow Jones has gained close to 30.5% for the last six year period. What US investors don't consider though is those dollars "gained" in the stock market have lost 28% in purchasing power over that same period. A "blue chip" stock investor's net gain a feeble 3%, without taxes, of course. Face the music, stocks are for losers. Don't wait for CNBC to tell you this. Full Story |
By: Brady Willett - 28 March, 2007
The carnage in subprime is at threat of spreading, lending standards are tightening, the U.S. consumer is up to their eyeballs in debt, the Fed is praying that inflationary forces remain in check, and the yield curve has turned positive. At risk of being labeled myopic, I tend to think the curve is the last of these worth mentioning.
Full Story |
By: Neal R. Ryan - 28 March, 2007
February durable goods orders came out this morning and were significantly weaker than expected, coming in at a 2.5% increase instead of forecasts projecting a 3.5% increase. Add another round of some sub prime worries hitting the market from Beazer Homes, more news about the housing market being in the worst shape since the early 1990's and the dollar is looking particularly weak at present. Full Story |
By: Chintan Karnani, Insignia Consultants - 28 March, 2007
The focus of the market is on Iran and US economic growth. The fall in consumer confidence suggest that a weaker US dollar is here to stay unless inflation rises. Full Story |
By: Chris Mullen, Gold Seeker - 27 March, 2007
Gold traded mostly slightly higher in Asia and London before it turned marginally lower in late New York trade and ended near its low with a loss of 0.18%. Silver rose to over $13.35 by early trade in London, but it then fell about 10 cents heading into New York trade, dropped another 10 cents in late morning New York trade, and ended with a loss of 0.98%. Full Story |
By: Jack Chan - 27 March, 2007
Despite this week’s FOMC induced rally, nothing has changed in the big picture. The three sectors of tech, gold, and energy which we cover, have been in a corrective phase and therefore, have been and still are stuck within a trading range for the past few months. Full Story |
By: Greg Silberman - 27 March, 2007
Money supply takes time to filter through the system. It is never guaranteed where the fresh money will flow. However, the more money that flows into consumer prices and wages, the more obvious inflation becomes to the public. In order to combat inflationary expectations, Central Bankers are forced to raise interest rates (1 to 1½ years after the initial growth in the money supply). Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 27 March, 2007
“Free markets for Free men”, was a slogan etched on the floor jackets of several traders at the Chicago Mercantile Exchange in the 1980’s. But today, the slogan for traders is “Rigged markets for Central bankers,” who try to move currency and stock markets with their control of the money spigots and timely “jawboning” to the media outlets, when markets become unruly. Today, trading in currencies, precious metals, and stock market indexes has turned into a game of central bank watching. Full Story |
By: Neal R. Ryan - 27 March, 2007
Following up on our note yesterday, the ECB has released new gold sales figures for the past week. Roughly 12 tonnes (385,000 ounces) were sold by two Euro system banks into the market. This follows 16 tonnes (515,000 ounces) of sales the previous week. The market hasn't seen sales at these magnitudes for consecutive weeks for some time. The key point to focus in on is that in the past under sales of this size in consecutive weeks in the market, prices have dropped considerably. Full Story |
By: Chris Mullen, Gold Seeker - 26 March, 2007
Gold rose a few dollars at the open in Asia and remained just under $660 for most of trade in London before it furthered its gains in New York and closed near its high with a gain of 1.04%. Silver followed a similar pattern and closed with a gain of 1.37%. Full Story |
By: Eric Hommelberg - 26 March, 2007
Finally the HUI caught some fire last week after the FED’s decision to leave interest rates unchanged. It did run up by 10 pts on Wednesday March 21 and finally the gold shares are showing some strength since they refused to surrender their earlier week gains despite a $7 drop in gold last Friday. Full Story |
By: Douglas V. Gnazzo - 26 March, 2007
The precious metal markets had a good week. A good deal of “repair work” of working off overhead resistance/supply occurred. There is still more needed. The indicators are mixed with the weight of the evidence leaning towards a bullish resolution. Full Story |
By: Chintan Karnani, Insignia Consultants - 26 March, 2007
In India more and more mutual funds have started applying for the launch of Gold Exchange Traded Fund (GETF). GETF’s in India are an excellent way of diversification of investment specially for the Indian retail investor where there is lack of investment avenues (apart form equity, treasuries and real estate). Full Story |
By: Doug Casey & David Galland - 25 March, 2007
It’s no secret that, based on my analysis of the U.S. economy, I’m a dedicated, even determined, gold bull just now. But as much as I like gold, I like the higher-quality gold shares – especially the Canadian-traded junior explorers – even more. For the simple reason that history and the brokerage statements of subscribers to our monthly International Speculator newsletter attest, when gold runs, the junior gold shares howl. Full Story |
By: Charleston Voice - 25 March, 2007
Silver & crude oil pretty much move in tandem. However, in 2005 there was a divergence with oil climbing (due to Katrina?), and silver declining. As most of you know I use the weekly MACD & SlowSTO as useful indicators as well. The XOI (oil index) gave us a white bullish candle for the week as well as a positive turn in the MACD. Silver faded at week's end & failed to give us an upturn in the MACD. The SlowSTO is poised to cross, however. Maybe next week. Full Story |
 |
 |
© GoldSeek.com, Gold Seek LLC
 
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
|
The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com,
is strictly prohibited. In no event shall GoldSeek.com or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
OilSeek.com
|
|
