By: Scott Wright, Zeal Intelligence LLC - 31 August, 2007
Investors now have the opportunity to become true contrarians and deploy speculative capital into the much-feared silver-stock environment. If silver’s last two uplegs and consolidations tell the story of what is to come, then legendary gains could be just around the corner. Full Story
Over the past week volatility in stock market indices has not slowed down. Normally it does so in front of Labor Day, but due to the marketplace’s obsession with Credit Market issues, volatility is front and center. Full Story
Given the length and strength of the technical consolidation and the very strong fundamentals we believe gold will reach new multi year highs before the end of 2007. Full Story
SPOT GOLD PRICES rose strongly throughout the Asian and early London sessions on Friday, gaining nearly $5 per ounce to reach a new high for the week, as President Bush announced a rescue package for subprime US home buyers. Full Story
In September we expect the US dollar to depreciate and gold and silver to rise with the successive lower base getting higher. Fundamentally as well as technically gold remains bullish, but upside will remain limited till gold does not break $690-$700. Full Story
The year 2007 has proven to be one of the most volatile years in recent memory. You’d have to go all the way back to 2003 when the last bear market ended to see a similar level of market volatility as measured by the Volatility Index (VXO). Full Story
SPOT GOLD PRICES dipped against the US Dollar as London reached lunchtime on Thursday, giving back an initial rally above $666.50 to trade at the day's low of $664.65 per ounce. Full Story
Gold is in a very tight range between $660 and $670 for the last 5 days. Since the start of August it is in a tight range between $648 to $675. There is very strong support at the 65 week moving average at $645. Gold has remained above the 65 week moving average since the inception of the bull market in 2001. Full Story
Gold and silver have withered the summer slam which should result in further gains in September. They were unnerved by the volatility equities and currency markets. Full Story
The question seems to have changed. No longer does the question deal with whether or not U.S. housing market has bottomed. It has not. Now the question is far different. The depth of the U.S. mortgage market collapse is the question. Full Story
With the hour of crisis drawing near, North’s essays have been better than ever -- and that’s saying a lot, since he is a polemicist of the first rank. But even with debt beginning to suck the life from the economy with the force of a black hole, he still can’t seem to choke out the word deflation. Indeed, he turns cartwheels trying to avoid having his own, pellucid logic lead him in that direction. Even so, we would strongly urge you to read his essay, "The Fed’s Next Move," since it makes an airtight case for a 50-basis-point easing on or before September 18, when the Open Market Committee next meets to set policy. Full Story
There is hardly anything new to comment on precious metals and base metals as they follow the stock markets and the US dollar. August is yet to be over and volatility has been high. Bulls and bears are having a great time as they slug it out. Full Story
As explained Tuesday, the Fed was not about to give into the mob (in terms of official policy) just yet in consideration of the Presidential Cycle and dollar ($), with the end result being the market thought they were demonstrating the economy is stronger than people think, which turned into a credibility boost as stocks continued to squeeze higher. This of course is really just a bluff on the Fed’s part, as the credit cycle is turning down, meaning the economy (all Western economies) is in a great deal of trouble moving forward. Here, as you know, stocks are rising not because they are discounting better times ahead, as price managers would have you believe. No, they are rising because of historically high short positions set against ample liquidity conditions sufficient to spark consecutive short squeezes higher, which is why the stock market never corrects fully. Full Story
By: Peter Zihlmann, Zihlmann Investment Management AG - 28 August, 2007
It is quite fascinating to note that the gold price has fallen several times to the level of $ 650 or slightly below since the start of the year and that each time strong buying lifted it back towards the $ 700 level. At the beginning of July and again during the week of August 13, the gold price fell to $ 648 just above the EMA 50 where it stopped and turned around. Full Story
By: Steven Saville, Speculative Investor - 28 August, 2007
Nobody knows the total extent of the Yen carry trade, but it is probably at least US$500B and could be as much as US$1T. At least, these are the sorts of numbers that would have been applicable prior to the recent surge in the Yen and associated plunges in the investments/currencies that had been purchased with borrowed Yen. Clearly, whatever the size of the Yen carry trade at this time last month, it is a lot smaller today. The question is: has the Yen carry trade now been almost completely unwound? Full Story
SPOT GOLD PRICES moved steadily higher against the US Dollar early Tuesday, recording an AM Fix in London – the world's main gold bullion market – of $667 per ounce. Full Story
Chalk up the short-squeeze-that-wasn’t as yet one more sign that we are not in Kansas any more. Something has changed, and the stock market’s ability to scare hell out of bears has noticeably declined in recent weeks, notwithstanding the perfect storm concocted the previous Friday by Bernanke and Friends, when the Fed announced a cut in the discount rate just as the August call options were about to breathe their last. Full Story
London is the currency trading hub of the globe. This has been reflected by the movement in foreign exchange markets or carry trade. It’s all about carry trade for every market as we close in on summer. Full Story
Heading into the final hour on Friday, we raised doubts in the Rick’s Picks chat room that DaBoyz had the cohones to try and squeeze stocks above daunting layers of supply. And that wasn’t our only mistake. Get this: We inadvertently transposed a 667.10 Hidden Pivot target for October Gold that had been disseminated to subscribers Thursday night for purposes of getting risklessly long in Gold. Full Story
The Summer Trading is coming to an end. Volatility was very high in currency and equity markets. Commodities, volatility was per high, but manageable. Commodities showed that they are being accepted as a separate asset class. Full Story
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