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Weekly Archives
By: Chris Mullen, Gold Seeker - 3 November, 2006
Gold fell a couple dollars in Asia, rose a couple of dollars in London, and then fell about $7 at the New York open, but it then rallied higher for the rest of trade and ended near it highs with a gain of 0.37%. Silver dropped over 25 cents in early New York trade before it rallied back for most of the rest of trade and closed just slightly lower. Full Story |
By: Thomas Hartmann - 3 November, 2006
Friday morning opened with a surprising unemployment report, which showed a remarkable drop in the unemployment rate from 4.6% to 4.4%. While October only added 92,000 jobs, below expectations, revisions of back months added the large increase in employment. Certainly, the timing of the revision as skeptics with the elections only 4 days out but it remains unlikely that the report was ‘sexed’ up for political reasons. Full Story |
By: George J. Cocalis, Brewer Futures Group, LLC - 3 November, 2006
As a commodity broker, I have the luxury of observing and listening to many clients expressing their different ideas and convictions about various commodities. One particular client intrigued me a year and a half ago (August 2005 to be precise) with an order to purchase the 500 Dec06 Gold Calls with the futures trading around 430.0. I asked him why he was bullish on gold on the near term and he emphatically responded that gold will eventually reach 1,000. I started to chuckle to my all-knowing broker self, but proceeded to ask why fundamentally he thought gold would hit 1,000. Full Story |
By: Rock Gale - 3 November, 2006
A bit more than two years ago - September 2004 it was - I studied the trajectory of the Silver Rocket in an article called "The SMART Silver Equation". Many readers liked the idea, and made me promise to update the regression analysis at a later date. I never promised to write the sequel before a set date, or update it every year, but I have felt that it was about time to undertake the process again, even though my original work had been partially lost due to a break-in at my residence. Full Story |
By: GoldSeek.com - 3 November, 2006
COT Gold Report - November 3, 2006 Full Story |
By: SilverSeek.com - 3 November, 2006
COT Silver Report - November 3, 2006 Full Story |
By: Jack Chan - 3 November, 2006
If you read the first article on the golden triangles written in July, the current breakout is exactly what we’ve been anticipating. In July, the price drop was satisfied for the base of the triangle, but time was needed for the completion and subsequent breakout of the triangle. Six months was the minimum time required on previous triangles, and that is now satisfied, as the current triangle began in early May and now the breakout in early November. Our trading model gave us buy signals in the gold and silver ETFs in October, confirmed by our proprietary cycle indicator (not shown here), and we are fully positioned with risk now down to zero. Full Story |
By: Scott Wright, Zeal Intelligence LLC - 3 November, 2006
The recent and infamous scourging of the price of oil off its July highs has taken its toll on the greater commodities markets. Commodities losses in this time have left a bad taste in investors’ mouths and have given fuel to a vicious Wall Street campaign that touts the end of the commodities bull market. Full Story |
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By: Richard Karn - 3 November, 2006
By and large, there are two approaches to investing in silver, one mundane and easily grasped, the other emotionally-charged and somewhat abstruse. The first, the commodity approach, is based on silver being in short supply. The second, the monetary approach, views silver as a store of wealth in times of rampant monetary inflation. Both approaches fervently believe the price of silver is destined to go much higher but for seemingly contradictory reasons: the commodity camp because silver is increasingly scarce in a time of global expansion; the monetary camp because when the fiat dollar collapses, silver will become extremely valuable as real money. This often sees the two camps acting at cross-purposes, buying and selling silver and its instruments at different times for different reasons, the parade of exuberance colliding with the dollar’s funeral procession at the silver intersection, and a jostling chaos in the marketplace results. Full Story |
By: Richard Karn - 3 November, 2006
The march of thermal efficiency, defined here as the ratio of usable energy output to energy input, has improved consistently from coal to oil to natural gas, with each producing fewer emissions of carbon dioxide and the like than its predecessor.[2] The next evolutionary step that will be taken in the decades ahead will be the development of dual-use nuclear power: base load electrical generation coupled with the electrolysis of water to produce either hydrogen, a carbon-neutral fuel posited as the clean replacement for fossil fuels, or potable water. There will be a dire need for both in the years ahead. Full Story |
By: Michael Nystrom - 3 November, 2006
The shorting opportunity of a lifetime is near. You can see it in the growing divergences between the stock market and the actual economy. The Dow is precariously perched near its all time high, having cruised effortlessly to 12,000 and beyond, but its gangbuster growth has stalled of late. While it is normal for a market to consolidate after a run like we've seen over the past three months in the Dow, the meaning of this pause is yet unclear. Is this is a consolidation before a further push higher, or is this market simply churning as ownership changes hands from strong to weak, leading to an inevitable plunge? Full Story |
By: Rick Ackerman, Rick's Picks - 3 November, 2006
Concerning Gold, we seem to have caught a beautiful entry point on a couple of stocks and have remained well on top of the rally since. December Gold’s $11 thrust yesterday brought it within a stone’s throw of our minimum target, but it is above that number that things will become interesting. That’s because the next Hidden Pivot above the immediate target lies significantly higher, and it would become our minimum objective on a breach of the lower number. Full Story |
By: NSFutures - 3 November, 2006
Rising stochastics at overbought levels warrant some caution for bulls. The market's close above the 9-day moving average suggests the short-term trend remains positive. A positive setup occurred with the close over the 1st swing resistance. The next upside objective is 636.5. The market is becoming somewhat overbought now that the RSI is over 70. The next area of resistance is around 633.4 and 636.5, while 1st support hits today at 622.2 and below there at 614.0. Full Story |
By: Chintan Karnani, Insignia Consultants - 3 November, 2006
One week rise will not provide investor the confidence to invest in a big way. The current week gains have to be sustained as we move into next week. Full Story |
By: Chris Mullen, Gold Seeker - 2 November, 2006
Gold remained very near unchanged in Asia and London before it steadily rose throughout trade in New York and ended near its highs with a gain of 1.49%. Silver traded slightly lower in Asia and London before it also steadily rose in New York and ended with a gain of 1.21%. Full Story |
By: Thomas Hartmann - 2 November, 2006
Two days and $21 later, the gold market is making a few believers in its recovery. Futures prices have broken away from the influences of crude oil, and been doing so for the past week. It wasn’t until the December contract recovered back up above $600 that traders were willing to take notice. A day after a slight close above the 200 day moving average, gold prices rallied another $8.5 and finished strong into the close. Full Story |
By: Greg McCoach - 2 November, 2006
After having to bear a brutal five months of a correcting gold market, the tide has now shifted and the next run to higher ground is underway. In other words the train is once again leaving the station and the bargains we have seen these past few months in the physical metals and mining shares will soon be a thing of the past. This looks like the last chance to jump on board as the train begins to gather momentum. Full Story |
By: John Rubino, DollarCollapse.com - 2 November, 2006
Three-fourths of the year is now behind us, and what a nine months it has been. Even though both precious metals are down from their multi-decade peaks in May, they have nevertheless generated impressive year-to-date results. During this period, gold has risen 15.8%, while silver has climbed 29.9%. The results for the past twelve months are even more impressive. During this period, gold has risen 27.6%, while silver has climbed 53.5%. These results are meaningful evidence that the commodity bull market is still going strong. Full Story |
By: Elliott H. Gue - 2 November, 2006
In the August 4 issue of The Energy Letter, I outlined my bullish case for uranium prices. Simply put, the supply/demand balance for uranium is tighter than for just about any other major commodity; supply of natural uranium from mines just isn't enough to cover even current demand. And with a global building boom for nuclear power plants underway, demand for uranium is only going to rise. Full Story |
By: Rick Ackerman, Rick's Picks - 2 November, 2006
Gold has been moving to our Hidden Pivot targets almost to-the-tick. Yesterday’s forecast, for one, had called for a rally top at 617.50, and that is precisely where the Comex December contract paused after completing the $17 thrust we’d projected. Where to next? I broached two bullish targets in the chat room whose provenance is shown on a chart reproduced in today’s Touts. Full Story |
By: NSFutures - 2 November, 2006
The market now above the 60-day moving average suggests the longer-term trend has turned up. Rising stochastics at overbought levels warrant some caution for bulls. The market's short-term trend is positive on the close above the 9-day moving average. If yesterday's gap higher on the day session chart holds, additional buying could develop this session. The market has a bullish tilt coming into today's trade with the close above the 2nd swing resistance. The next upside objective is 626.0. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 623.6 and 626.0, while 1st support hits today at 615.0 and below there at 608.7. Full Story |
By: Chintan Karnani, Insignia Consultants - 2 November, 2006
Investment in gold and silver rose to hedge against a US slowdown. We have been mentioning all through that the past three years that the prime reason for the rise in gold, silver and other precious metals is that the world is slowing moving away from a US dollar standard to a gold standard. Full Story |
By: Chris Mullen, Gold Seeker - 1 November, 2006
Gold rose about $4 in Asia, traded between $608 and $612 in Asia, dipped to $608.40 at the New York open, and added almost $10 more before it fell back off a bit, but it then rallied into the close and ended near its highs with a gain of 2.02%. Silver rose about 10 cents in Asia and traded 10 to 20 cents higher in London before it dropped to $12.25 at the New York open, but it then rose near $12.50, fell back off a bit, rallied again into the close, and ended close to its highs with a 1.72% gain. Full Story |
By: Thomas Hartmann - 1 November, 2006
Resilience. If one word describes gold currently, this would be the one. In the face of rather a weak energy complex, gold prices rallied $18 over the past two days and almost $40 in the past ten days. A gap open in the morning above resistance at $610 spurred technical buying and remained well supported through the day. A close near the highs put prices back above the 200 day moving average and provides the highest close in a month and a half. Full Story |
By: Theodore "Ty" Andros & Garrett Jones - 1 November, 2006
In my view, Bernanke is the key to what will happen with gold, as well. Paul Volcker was a great combatant to gold where it appears that Bernanke is the best thing that ever happened to gold. That may be the case, but in my view, I wouldn’t be too quick to make that judgment. Some years ago, Bernanke gave a speech on deflation suggesting it was no longer necessary to print money in order to get it into circulation. He said it could be done by simply striking computer keys. Most gold bugs assume Bernanke will go on a mad spree of creating money – and it appears that he has. Full Story |
By: Brady Willett - 1 November, 2006
With SOX about to come under attack there is that risk that policy makers are headed down the wrong path; that at a time when effort should be spent simplifying accounting standards and, eventually, reaping the benefits of falling SOX costs, energy is instead being wasted rethinking SOX to placate the business lobby and increase Street profits. Quite frankly, if SOX is now regarded as the result of policy overshoot made during bad times for the markets, what assurances can be made that a similar overshoot in the other direction will not occur today, or during the ‘good’ times? Full Story |
By: Steven Saville, Speculative Investor - 1 November, 2006
A massive credit expansion facilitated by the Fed's monetary largesse fueled one of the world's greatest ever stock market bubbles, and when this bubble eventually went 'pop' in 2000 the Fed facilitated an even greater credit expansion in an effort to mitigate the economy-wide effects of the bursting stock market bubble. At that point the credit expansion began to influence other markets to a much greater extent than the stock market, causing a juvenile real estate boom to develop into the 'bid daddy' variety and setting in motion major upward trends in commodity prices. Full Story |
By: Alf Field - 1 November, 2006
Base metals do share a number of qualities of money with gold. They represent assets which have a value based on usage. They can be stored and will retain or increase in value as the US dollar declines in both purchasing power and on foreign exchange markets. Base metals are not someone’s liability and do not rely on a third party’s promise for their value. They can provide protection against the certain future demise of all global fiat currencies. Full Story |
By: Doug Casey, Casey Research - 1 November, 2006
There is much that needs to be said about the universe of junior uranium explorers, the vast majority of which are little more than promotional exercises, but for now we’ll just say that taking the time to understand the difference between a paper shuffle and a well-run company with scale and grade in the right geological setting is time well spent. As the importance of the crisis at Cigar Lake becomes apparent, these stocks are going to the moon. Full Story |
By: Charleston Voice - 1 November, 2006
This is a chart of the "VIX". The VIX is a "volatility index as such when the VIX is at a high it indicates bearishness, an extreme high signaling a potential BUY in a depressed stock market. Investors have extreme fear at this level. Such as when it spiked to 23.81 in mid-July. That would have been an opportunity to buy into the SPX which is shown as a green dashed line. Full Story |
By: Ken Gerbino - 1 November, 2006
The ratio of the mining stocks (XAU) to the gold price is currently in undervalued territory as the graph below shows (the higher the ratio the more undervalued shares are at current gold values). The pullback in the gold mining sector in September was overdone and a substantial rally looks like it is underway. Full Story |
By: NSFutures - 1 November, 2006
Rising stochastics at overbought levels warrant some caution for bulls. The market's short-term trend is positive on the close above the 9-day moving average. The market's close below the pivot swing number is a mildly negative setup. The next upside target is 614.6. The next area of resistance is around 611.2 and 614.6, while 1st support hits today at 602.4 and below there at 597.1. Full Story |
By: Chintan Karnani, Insignia Consultants - 1 November, 2006
Carry traders should now push now gold and silver higher as the US dollar weakens against the major currencies. Full Story |
By: Chris Mullen, Gold Seeker - 31 October, 2006
Gold fell about $5 in Asia and remained near $600 in London before it fell to as low as $597.70 in early New York trade, but it then rallied nearly $10 higher, fell back off about $5, rallied again into the close, and ended a couple dollars off of its highs with a slight loss of just 0.05%. Silver fell to as low as $11.90 in early New York trade before it rallied throughout most of the rest of trade and ended near its highs with a gain of 0.66%. Full Story |
By: Theodore Butler - 31 October, 2006
The good news is that the price of gold and silver has advanced, as expected, due to the washed-out Commitment of Traders (COT) structure. The bad news is that, so far, the advance appears garden-variety in nature, namely, speculative buying and more dealer short selling. While the overall level of dealer short selling in silver is not excessive, the concentrated net short position of the 4 largest traders has grown to levels not seen in six months. Full Story |
By: NSFutures - 31 October, 2006
Daily stochastics have risen into overbought territory which will tend to support reversal action if it occurs. The market's close above the 9-day moving average suggests the short-term trend remains positive. If yesterday's gap higher on the day session chart holds, additional buying could develop this session. There could be more upside follow through since the market closed above the 2nd swing resistance. The next upside target is 616.9. The next area of resistance is around 611.8 and 616.9, while 1st support hits today at 603.0 and below there at 599.2. Full Story |
By: Chintan Karnani, Insignia Consultants - 31 October, 2006
Fund managers seem have woken up from slumber and reducing their investments in crude oil as the copper and have started taking notice of a slowing U.S. economy and thinning Chinese demand. Full Story |
By: Chris Mullen, Gold Seeker - 30 October, 2006
Gold rose about $5 in Asia and London and surged about another $7 higher in New York to over $610 before it fell back off a bit into the close, but it still ended with a gain of 1.07%. Silver rose to about $12.20 in London before it fell back near $12.00 in early New York trade, but it then rebounded in late morning trade, fell back off a bit in afternoon trade, and ended with a gain of 1.00%. Full Story |
By: Dudley Baker - 30 October, 2006
Will the markets give us what we want or will we be tricked one more time to the downside before we really get this party started once again? It does appear that everything is lining up once again, and especially after we get the upcoming election out of the way in the United States, we will know for sure. Full Story |
By: NSFutures - 30 October, 2006
Daily stochastics have risen into overbought territory which will tend to support reversal action if it occurs. The close above the 9-day moving average is a positive short-term indicator for trend. The market has a slightly positive tilt with the close over the swing pivot. The next upside target is 606.5. The next area of resistance is around 604.1 and 606.5, while 1st support hits today at 597.8 and below there at 593.8. Full Story |
By: Chintan Karnani, Insignia Consultants - 30 October, 2006
The trend is back to where 2006 started. Commodity prices have started rising once gain, specially base metals (other than copper), global equity markets are at multi year highs, bond price are trading in a range and lastly the US dollar has started to fall against the major currencies. Full Story |
By: Clive Roffey - 29 October, 2006
The gold shares are brewing up for a major move. After enduring a correction in the JSE gold stocks that stared in January we are, at last, giving all the signal of a major breakthrough. This break will constitute an end to the correction and the start of a brand new bull phase that should take all the gold shares to new highs above all their 2006 peaks. A serious upside breakout should also take the JSE Gold index to new all time highs and break above the 3700 high made in 2002. This is the end of the old correction that has been with us since the start of this year. Full Story |
By: Jack Chan - 29 October, 2006
The condition has changed dramatically in the past two weeks for the gold sector and it now favors buyers over sellers. Ingredients are in place for a substantial rally, although the beginning of each major advance is usually dominated by nervous longs which could result in volatility for the short term. As you can see from the NEM chart, much work and time is still needed before a major buy signal can be confirmed, but in the meantime, our trading models allow us to be fully positioned in the gold sector with relatively low risk exposure. Full Story |
By: Charleston Voice - 29 October, 2006
It's been close to 25 years since an investor could have "bought" the Dow Jones Index for an ounce of gold. Yes, that's right. Back in 1979-80 when the Dow went below 1,000, gold was hitting $850. After correcting from that level, the ratio went as high as 45. So, hey, look at where we are now. Full Story |
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