Gold rose to over $690 in the 2 and ½ hours following the weaker than expected jobs report that pushed the dollar lower, but it then fell back off into the close and ended about 0.5% off its high of the day with a gain of 0.75%. Silver rose to about $13.55 before it fell off and saw slight losses at $13.36 by early afternoon, but it then bounced back higher into the close and ended with a gain of 0.22%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 May, 2007
In the last couple of months a great deal of emphasis has been placed on Central Bank sales. These have been heavy and along with diminished E.T.F. purchases and even net sales, have held the gold price back. But a major point has been overlooked in these commentaries. How long can they last? Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 4 May, 2007
As we continue our fascinating journeys of discovery as students of the markets, we do a lot of charting work at Zeal. Recently a chart that I hadn’t given much thought to for the better part of 8 months caught my attention again. It was a HUI/Gold Ratio chart, also known as HGR in this essay Full Story
By: Chintan Karnani, Insignia Consultants - 4 May, 2007
Precious metals and base metals were delinked from the US dollar as they edged higher. Copper provided support to all the metals on fears that supplies from Peru will cut on strike by mine workers. Full Story
Gold remained near unchanged in Asia before rose slightly in London and then dropped back near unchanged in early New York trade, but it then rocketed higher after 11:30AM EST and ended near its high of the session with a gain of 1.37%. Silver followed a similar pattern and gained 1.21%. Full Story
By: Chintan Karnani, Insignia Consultants - 3 May, 2007
Base metals continue to dodge the headlines as they remain on fears of global supply shock. Stronger than expected US economic numbers suggest copper demand from will remain firm which is aiding speculators to bet more on price rise. Full Story
Gold remained near unchanged in Asia and London before it dropped in early New York trade to as low as $667 at one point, but it then rallied back higher into the close and ended with a loss of just 0.18%. Silver dropped to as low as $12.97 before it rallied about 2% off its low and ended with a gain of 0.15%. Full Story
While it is next to impossible to pick the exact tops and bottoms, there are some signs we can look for to help us position ourselves to buy into weakness, and do some selling into strength. In view of the fact that the fundamentals for gold remain very bullish, (growing demand – diminishing supply), we do not need to let corrections bother us, for they will afford us with many opportunities to ‘add-on’, for a number of years to come. Full Story
By: Chintan Karnani, Insignia Consultants - 2 May, 2007
Silver has disappointed over the past two months. It has trailed gold and copper in percentage rise. The prime reason is that there are other alternative investments which are higher returns than silver with comparatively lesser risk. Full Story
Gold fell about $2 in after hours access trade late yesterday and remained near $678 in Asia and London before it fell further in morning New York trade to as low as $671 at about 11AM EST, but it then bounced higher into the close and ended nearly $3 off its low with a loss of 0.91%. Silver dropped to as low as $13.10 midmorning before it rallied back near unchanged by early afternoon, but it then fell back off into the close and ended with a loss of 1.56%. Full Story
Gold climbed over $680 in Asia before it fell back near $675 by early trade in London, but it then steadily rose for the rest of trade and ended near its high in New York with a gain of 0.16%. Silver traded mostly slightly higher in Asia and London before it fell off a bit in New York and ended with a loss of 0.07%. Full Story
That Merv’s Composite Index of Precious Metals Indices shown last week must be on to something. The initial reaction from a previous high last week, making a potential double top, accelerated this week. It’s still in a “no panic yet” zone but another week or two of this kind of action and who knows? Full Story
A sea of liquidity has inundated the world and is raising most boats. The U.S. has been the main culprit in the creation of vast amounts of credit, but Japan and others have contributed greatly as well. When will the tide go out – exposing the shallow sand bars to the light of the sun? It’s always a question about timing, as one can be right too early or too late. Full Story
By: Chintan Karnani, Insignia Consultants - 30 April, 2007
I keep on mentioning over and over that the world is switching from a US dollar standard to a gold standard and this is one of the prime reason for the long term bullish direction in gold (apart from demand supply economics). Analysts were witnessing the same in 2006, now is the turn of the investor to experience the same. Full Story
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