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Weekly Archives
By: Chris Mullen, Gold Seeker - 2 February, 2007
Gold traded mostly slightly lower in Asia and London and rose to find slight gains by 9AM EST in New York, but it then dropped markedly over the next two hours of trade and fell to as low as $642.40 a little after 11EST before it rebounded a bit into the close and ended with a loss of 1.72%. Silver fell to as low as $13.20 before it also rebounded into the close, but it still ended with a loss of 2.49%. Full Story |
By: GoldSeek.com - 2 February, 2007
COT Gold Report - February 2, 2007 Full Story |
By: SilverSeek.com - 2 February, 2007
COT Silver Report - February 2, 2007 Full Story |
By: Scott Wright, Zeal Intelligence - 2 February, 2007
Nearly seven years into this mighty gold bull, it is important for investors to occasionally step back and revisit the fundamental nature of this secular uptrend. And though there are a myriad of fundamental drivers that build the case for gold, economics still reign superior. Full Story |
By: Chintan Karnani, Insignia Consultants - 2 February, 2007
It’s just a consolidation phase for the markets and traders are in a wait and watch mode. Full Story |
By: Chris Mullen, Gold Seeker - 1 February, 2007
Gold traded mostly slightly higher in Asia and London and rose nearly $10 above $660 by 10AM EST in New York before it fell back off into the close, but it still ended with a gain of 0.78%. Silver rose near $13.75 before it also fell back off into the close, but it still ended with a gain of 1.34%. Full Story |
By: Jim Willie CB - 1 February, 2007
The USDollar is offered futile support in the grand scheme by large government related entities possessing titanic vested interests, even as the world reserve currency benefits from the lack of organization of world currency alternatives. They hold the USDollar aloft, but their endeavor can only succeed in buying time, then buying even more time, in a hopeless pursuit to save the doomed greenbuck. Full Story |
By: Chintan Karnani, Insignia Consultants - 1 February, 2007
Every news is turning out to be positive for gold and silver. Full Story |
By: Chris Mullen, Gold Seeker - 31 January, 2007
Gold traded as much as $3 higher in Asia and London before it fell at the New York open and traded over $2 lower at $641.90 at about 9AM EST, but it then rose over $10 in the next 2 hours of trade, fell back off a bit, rallied back higher into the close, and ended with a gain of 1.21%. Silver fell to $13.20 before it rallied over 40 cents higher in the next 2 hours of and trade and then fell back off a bit into the close, but it still ended with a gain of 1.28%. At the time of writing, both metals are also trading slightly higher from their closes in reaction to the fed’s statement. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 31 January, 2007
Between the end of August and the end of November Russia, according to the I.M.F., increased its ‘Official’ holdings of gold by 9.2 tonnes, which averaged a cautious 1 tonne a week. For them to reach the targets implied by government officials as high as President Putin wanted at 10% of reserves, they will have to increase the pace of these purchases dramatically. Full Story |
By: Chintan Karnani, Insignia Consultants - 31 January, 2007
January has been a volatile month. Gold and silver have risen. Copper and zinc have fallen while crude oil futures recovered from the fall below $50 to near $60. It was a technical trade in January in gold and silver and key long term as well as short term supports were held by gold and silver suggesting a retest of 2006’s highs over the coming months. Full Story |
By: Chris Mullen, Gold Seeker - 30 January, 2007
Gold traded near unchanged in Asia, rose a couple dollars in London, remained near its highs in New York, and closed with a gain of 0.23%. Silver dropped to about $13.05 in late Asian/early London trade, but it then rose throughout most of the rest of trade in London and New York and closed with a gain of 1.07%. Full Story |
By: Gary Tanashian - 30 January, 2007
Here is the biggest picture I can dial up of the XAU gold & silver index. Can somebody please tell me where the bearish is in this picture? And that is just the technicals. The fundamentals are IMO well in the precious metals' favor. Here on the monthly chart we see a massive cup w/ handle type object. The gold miners got a little over enthusiastic as they got caught up in the commodity bull trade blow off. But they managed to pierce the rock solid resistance above 150 before retreating. Full Story |
By: Fred Starkey - 30 January, 2007
Basis the Cash Monthly for Gold and for Silver, based on the rules of Time and Price Balance, both remain in strong bull markets. However, Silver, based on the Time Balance, is now in stronger position than Gold. The current timing suggests a rally off the January low with a pullback into the week beginning February 26th. This should bring a strong advance in Gold to 710.00 and possibly 775.00. Silver will be expected to reach 21.50 – 22.50 before suffering a correction into early June. Full Story |
By: Douglas V. Gnazzo - 30 January, 2007
Interest rates and debt levels are keys to the financial, monetary, and economic markets of the world. If interest rates embark on a rising trend there will be trouble in paper fiat land. If such occurs, the only investments that will do well will be gold and silver. Full Story |
By: Rick Ackerman, Rick's Picks - 30 January, 2007
The correction so far has shaved a little more than two percent from last week’s high of 661.50, touching a low yesterday of 646.60. The pullback need only have reached 654.90 to be considered adequate to set the stage for another bullish surge. However, the current weakness could come all the way down to as low as 631.50 without cause for concern. That last number would be equivalent to a 0.618 retracement of January’s impulse leg. Full Story |
By: Chintan Karnani, Insignia Consultants - 30 January, 2007
Copper and Zinc fell nearly four percent on rising London Metal Exchange (LME) inventories and concerns that demand will fall from 2006 high. Traders were going long in copper and zinc on expectations that Chinese demand will pick up as they near the Chinese New Year next month which did not happen. Full Story |
By: Chris Mullen, Gold Seeker - 29 January, 2007
Gold rose a couple dollars in early Asian trade, fell back near unchanged by the London open, fell a couple dollars in London trade, dropped to as low as $640.40 in early New York trade, rose for most of the rest of the morning, and saw about three dollar gains by late morning before it fell back off in afternoon trade and ended with a loss of 0.31%. Silver followed a similar pattern and ended with a loss of 0.90%. Full Story |
By: Theodore "Ty" Andros - 29 January, 2007
The numbers are in for 2006 and they are shocking in their implications for Global growth. The Central banks around the world are in a powerful chorus of keeping the “good times rolling”. The world has undergone a period of above trend growth during the last three years seldom seen in history, and we are set and primed to add a forth. The financial leaders of the world governments and central banks have decided to underwrite the whole project of globalization. And it is working. Full Story |
By: Clive Maund - 29 January, 2007
In conclusion, this is a most auspicious picture. Gold is a flat-out buy here, as are most Precious Metals stocks. The reaction late last week is viewed as providing probably the last opportunity to buy both gold and PM stocks at favorable prices before a powerful advance gets underway, although it is quite common after a breakout above a fan line for the price to drift back and run along the top of the fan line for a while before turning higher - if this happens it will provide an opportunity to buy at even better prices. Full Story |
By: Dan Stinson - 29 January, 2007
Gold is in a triangle pattern and it currently appears to have started wave e down. We should see minor downside for the wave e count, before a reversal and subsequent breakout to the upside. The downside could complete as 3 waves or as 5 waves with further sideways action in wave e towards the apex of the triangle. Full Story |
By: Roland Watson, The Silver Analyst - 29 January, 2007
What is the real price of an ounce of silver and just how widespread should a silver bull market be? We have watched over the last few years as the price of silver in US dollars has marched upwards from the lows of $4 to the recent highs of $15. However, the good luck of silver has been mainly laid at the door of the bad luck of US dollar. Full Story |
By: Chintan Karnani, Insignia Consultants - 29 January, 2007
This is a very important week for gold, silver as well as the US dollar. The US dollar gained towards the close of the previous week as there is a slight probability that the Fed might raise interest rates instead of cutting them. Full Story |
By: Gary Tanashian - 28 January, 2007
I would like to remind the reader that Biiwii.com is not a "gold" site. I am not a member of the "gold community" and do not let personal beliefs override actual evidence of what really is. That said, I remain bullish on the barbarous relic from both long term and short term perspectives. In fact, it is the short term bullishness that is responsible for all the gold writing over the last few months. Full Story |
By: Clif Droke - 28 January, 2007
In reviewing the gold/silver stock sector each day we look at overbought/oversold indications based on price and volume oscillators. We also look at moving averages and support/resistance as well as seasonal/cyclical influences. But by far the most important aspect of my technical work in analyzing the gold stocks is internal momentum, namely the GS HILMO (hi-lo momentum) indicators. Full Story |
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