Gold fell a bit in Asia before it rebounded and traded near unchanged to slightly higher around $625 in London, but it then fell off markedly throughout morning trade in New York and dropped to as low as $601.50 before it rebounded a few dollars in afternoon trade and ended with a loss of 3.03%. Silver followed a similar pattern and dropped to as low as $12.02 before it rebounded slightly and ended with a loss of 4.27%. Full Story
By: Scott Wright, Zeal Intelligence - 5 January, 2007
As this gold bull market continues in its secular uptrend, gold stocks have become increasingly popular as their gains are greatly leveraging those of their underlying metal. And within this hottest-of-the-markets stock sector, a sub-sector has emerged that investors have embraced and adored. Full Story
The USDollar decline remains in progress, the one which began when the United States citizenry and its Wall Street aristocrats observed the great eating orgy known as Thanksgiving. Nothing can stop a holiday where Americans make eating the order of the day. All else sits still, even markets. The USDollar began its breakdown then, and it continues. The past week only served to provide a correction to the breakout. Full Story
Crude Oil had been in an up trend since start of 2002, which had taken the price from just over $15 to just shy of $80 going into July 2006. Now following a failed attempt to resume the up trend, crude is threatening to end the bull market by yesterdays price action in the face of a much milder than expected US winter. Full Story
My short-term outlook for the precious metals sector has been negative and still calls for a drop of at least 7% in bellwether Newmont to 40.94. Even so, we could still cross our fingers and root for a potentially important turn in the XAU as early as this morning. That’s because a compelling Hidden Pivot support lies not far beneath yesterday’s lows. Full Story
Metals are being dictated by crude oil as well as the US dollar. However despite the fall in crude oil prices gold and silver have performed extremely well. Full Story
Gold rose slightly in Asia before it fell a few dollars in London and then rallied to trade on either side of unchanged for most of trade in New York, but it then fell off a bit in afternoon trade and ended near its lows with a loss of 0.49%. Silver rose about 10 cents in Asia before it saw over 10 cent losses in early London trade, but it then rallied throughout most of the rest of trade in London and New York and ended near its highs with a gain 1.12%. Full Story
For commodities the new trading year did not start off with a bang or a whimper, but rather with an implosion. After moving higher in a most deceptive manner in the early trade commodities across the board went into a dramatic retreat, ending the day at or close to their lows. Damage was widespread and severe, and we will now quickly review it on a range of charts. The early rally is thought to have been an orchestrated campaign to shake out shorts ahead of the big drop. Full Story
Gold remained near unchanged at about $640 in Asia and fell over 1% to the low $630s in London before it rebounded in early New York trade and found about $5 gains near $645 at just before 10AM EST, but it then dramatically sold off over the next 2 and ½ hours of trade and ended just a couple dollars off its lows with a loss of 1.97%. Silver remained near unchanged in Asia and fell over 30 cents in London before it rebounded back near unchanged in early New York trade, but it also sold off dramatically in late morning trade and ended near its lows with a loss of 4.65%. Full Story
Despite a weak second half, we had another great year in 2006 as our ROI (return on investment) exceeded our annual average of the past five years. This is due mainly to a strict money and risk management as we were wrong as many times as we were correct in 2006. Markets are dynamic and subject to constant change, the best we can do is to manage risk and exit when we are proven wrong. Capital preservation is priority #1. Thank you for your support in 2006 and look forward to another productive year in 2007. Full Story
First of all I wish you all a happy and prosperous New Year. A new year indeed which provides new investment opportunities for us gold investors. So how to approach this new year from an investment point of view? Should I hold on to my precious gold shares? Sell them? What can we expect for gold and its shares this year? How long this bull market in gold could last? Well, sure enough nobody can predict any future movements and neither can I but all I can say is that I’m more excited than ever since the gold-bull market began in April 2001. Full Story
SILVER: Here is the classical chart formation: - price decisively moved above the pattern and then pulled back to the support created by the same triangle's side. GOLD: Very similar development is observed for yellow metal, and now we just have keep an eye on the key support line. Full Story
A strange conundrum has developed in the copper market during the past year. An extreme divergence of views amongst major players has left the copper market set up for some dramatic moves in 2007. The chart below is revealing. Full Story
Gold rose a few dollars in Asia and gained a few more to above $640 in London before it fell back off a bit in early New York trade, but it rallied back higher to about $640 in late morning trade and remained near that level into the close to end with a gain of 0.58%. Silver added about 15 cents in Asia and rose above $13.00 in London before it added another 10 cents in late morning New York trade and ended near its highs with a gain of 2.18%. Full Story
Interest rates are key – if the long end rises much further there is going to be trouble in paper fiat land, via mortgages and real estate, and all the derivatives and structured finance that no one knows how it will function under fire. Three standard deviations and its all burnt toast. They’ve set the pins up – now all that’s left is the knocking them down. We wish it wasn’t so, but we are afraid it is. It might be a good time to cut back on any form of debt, and to place some savings in gold and silver. Full Story
It is looking like a case of "now or never" for the bears with "now" defined as anywhere from the first trading day of 2007 through the next several weeks. As you know, in an example of trying to find a needle in a financial market hay stack, on December 16, I wrote a piece calling for a near-term visit by the Dow to 13,007 in conjunction with the gold price holding support at 605, giving a 21.5 Dow-Gold ratio, a blow-off top in stocks and a solid basis for the next leg up in the gold complex in its secular bull market (in nominal terms as well as measured in Dow paper). Full Story
It has been several years since this many bullish technical and fundamental factors have conspired to point to a bull market for stocks as we approach the start of a new year. Just listing them all would fill up several reports. The diminishing supply of stocks, persistent bearish investor sentiment, increasing liquidity, record corporate cash, and record valuation are just some of the reasons why the months ahead should be bullish for stocks. Full Story
2007 will be once again be dominated by the bulls as far as gold and silver are concerned. Volatility will only rise in 2007 and that the 2006 volatility was just the floating part of the glacier. Full Story
This year silver rose over 40% yet is only starting to draw attention from the investment crowd. A lot of effort is being made to keep the wheels from falling off the increasingly sickly world fiat currencies. These efforts include inconceivably inaccurate government statistics as well as frequent smack-downs in gold and silver, the long-term proven superior forms of money. Recent action suggests the marketplace is learning quite well how to deal with these smack-downs……wait for them patiently and then buy as much physical gold and silver as possible. Full Story
A specter is haunting the US economy - the specter of deflation. The Fed and the Treasury - the central powers of Capitalism itself - have entered a holy alliance to exorcise this specter. The big question is, will they be able to do it? Full Story
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