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Weekly Archives
By: Chris Mullen, Gold Seeker - 9 February, 2007
Gold traded mostly slightly higher in Asia and London before it came into New York slightly lower, but it then rose throughout most of trade in New York and ended near its highs with a gain of 1.37%. Silver seesawed its way higher throughout trade in Asia, London, and New York and ended near its highs with a gain of 1.10%. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 9 February, 2007
Last week we looked at the past sales of gold by the I.M.F. and the past reactions of other Central Bankers to outsiders pressing them to sell gold for ‘budgetary’ reasons. This week we look at the possibility of sales and how they might be handled, as well as the potential effects on the gold market. Full Story |
By: Jack Chan - 9 February, 2007
Gold’s price action is very bullish and indicates that a new impulsive phase is about to begin. Gold stocks ETFs are lagging but can catch up in a heartbeat. Both GDX and XGD.TO are still consolidating near the daily 50ema and we need to see a breakout above their respective December highs to confirm that the ten month long consolidation is over, and an impulsive phase has begun. In the meantime, we continue to accumulate positions upon set ups in anticipation of the breakout, keeping stops tight and managing risk. We will become 100% invested once the breakout is confirmed. Full Story |
By: GoldSeek.com - 9 February, 2007
COT Gold Report - February 9, 2007 Full Story |
By: SilverSeek.com - 9 February, 2007
COT Silver Report - February 9, 2007 Full Story |
By: Adam Hamilton, Zeal Intelligence - 9 February, 2007
Commodities investors have faced major psychological trials over the past several quarters or so. Back in early May the flagship CRB commodities index hit an all-time nominal high, but then it started grinding lower into the summer. Not long after it plummeted, crashing through its key support zones like a meteor. Full Story |
By: Gary Tanashian - 9 February, 2007
On the above chart, we see nominal GDX still technically in consolidation mode but nearing the top line which, if surmounted on a weekly chart would constitute a break out. This would attract attention to a sector that continues to fly under the radar as traders pile in looking for the next hot play. Those of us who have been patiently holding and waiting throughout this uninspiring rally would then be presented with ample selling opportunities, likely near or at new all time highs. But that is putting the cart before the horse. First we need the horse to kick down the door and get out of the barn. Full Story |
By: Bryant Blake - 9 February, 2007
In summary, silver demand is in a long term growth mode. Demand could even be said to be parabolic (a slight parabola) since population growth is parabolic and long term silver demand has increased at a greater rate than population. Fabrication demand has flattened since 2000 largely due to reduced photographic demand, but this is a misleading set of values since most of photographic silver use is recycled. Full Story |
By: Chris Mullen, Gold Seeker - 8 February, 2007
Gold traded near unchanged for most of trade in Asia and about $2-$4 lower for most of trade in London, but it then rallied higher throughout most of trade in New York and rose to about $660 in early afternoon trade before it fell off slightly into the close and ended with a gain of 0.84%. Silver dropped to as low as $13.45 at the open in New York before it also rallied higher for most of the rest of trade and ended with a gain of 0.37%. Full Story |
By: Jim Willie CB - 8 February, 2007
The last several months have provided a keen lesson in currency defense by a nation which has been written off in many circles as owning a dead and hopeless currency. Some key inter-related feedback loops have been on my radar, each vitally important and changing, which underscore in my viewpoint how major markets are inseparable, each inter-connected, and integrally important if the USDollar is to avoid a much deserved crash. Full Story |
By: Peter Degraaf - 8 February, 2007
The bottom line is: Unless some unforeseen event triggers an upside breakout, expect a few days of lower prices. The best course of action is to wait for a definite buy signal. I never advise going short during a roaring bull market. It is usually difficult to get back in. Full Story |
By: Chintan Karnani, Insignia Consultants - 8 February, 2007
The next two days are very crucial for gold, silver, crude oil as well as the US dollar. They are all on the verge of a break out. Full Story |
By: Chris Mullen, Gold Seeker - 7 February, 2007
Gold traded about $3 higher in Asia and London and dropped to about unchanged in early New York trade before it again rallied a few dollars higher in late morning trade, but it then fell back off into the close and ended with a minor loss of 0.09%. Silver traded about 5 cents higher in Asia before fell in late London trade and saw slight losses in early New York trade, but it then rallied higher and saw over 10 cent gains by late morning ahead of a dip into the close that left it with a gain of just 0.22%. Full Story |
By: Julian D. W. Phillips, Gold & Silver Forecaster - 7 February, 2007
Proposals have been put forward to sell 400 tonnes of gold from the I.M.F. holdings. The extra money is needed to help plug an estimated shortfall of $400m a year in the I.M.F.s current income and expenses by 2010.
The IMF has 3,217 metric tons of gold and the sale of 400 tonnes could raise $8.4 billion at current market prices. Full Story |
By: Roland Watson, The Silver Analyst - 7 February, 2007
There is one question above all others that is on the minds of gold and silver investors. It can be expressed in two ways. The first is "At what price will the gold and silver bull market end?" The second is similar "At what date will the gold and silver bull market end?" The chief end of both questions is the same, getting out with maximum profits for the holder of gold and silver be it in bullion, ETF or mining stock form. Full Story |
By: Neal R. Ryan - 7 February, 2007
According to recently updated IMF reserves statistics, some central banks have begun purchasing significant quantities of gold over the past few months, in stark contrast to the most recent figures available to the market, says Donald W. Doyle, Chairman and CEO of Blanchard and Co. Inc. Full Story |
By: Mary Anne & Pamela Aden - 7 February, 2007
A renewed rise in gold, silver, and the other precious metals has started. They’ve been rising from their January 5 lows in a rise that is poised to become a great leg up in the ongoing bull market. In fact, so far in 2007 the metals have been stronger than stocks. The gains in silver, for instance, have been five times that of the Dow Industrials, in spite of its record highs, and gold has risen more than three times the Industrials’ rise. Furthermore, the Dow Industrials has declined 56% in gold terms since 1999. So gold continues to be the better investment by far. Full Story |
By: Clif Droke - 7 February, 2007
Gold and silver stocks refuse to give up in spite of overhead supply from the December top and now we’re seeing even some of the move actively traded junior mines are starting to rally as the upward bias in gold stock internal momentum we’ve talked about the last several weeks makes its presence known throughout the sector. Full Story |
By: Chintan Karnani, Insignia Consultants - 7 February, 2007
The weather is dictating crude oil prices. Full Story |
By: Chris Mullen, Gold Seeker - 6 February, 2007
Gold fell a few dollars in after hours access trade yesterday, rose back to about unchanged near $650 in Asia, added a few more dollars in London, and rose to roughly 1% higher on the day to about $658 in early New York trade before it fell back to $650.10 by late morning, but it then rallied back higher into the close and ended with a gain of 0.31%. Silver rose to about $13.80 in early New York trade before it fell back to $13.52 by late morning, but it also rallied back higher into the close and ended with a gain of 0.74%. Full Story |
By: Gary Dorsch, Editor, Global Money Trends newsletter - 6 February, 2007
The name “Einstein” is synonymous with great intelligence and genius. Albert Einstein was named Time magazine’s "Man of the Century,” because he transformed humankind’s understanding of nature on every scale, from the smallest to that of the cosmos. Einstein’s theory of relativity is embodied in all motion throughout the universe, and the nature of energy, matter, motion, time, and space. Full Story |
By: Steven Saville, Speculative Investor - 6 February, 2007
As far as the US stock market and most other stock markets are concerned, the current monetary situation is probably close to being as good as it gets. To be specific: credit spreads are near all-time lows, indicating that even poor-quality borrowers can obtain credit at low rates of interest; yield curves are flat or inverted, which is indicative of a strong desire to borrow short-term in order to speculate in longer-term assets/debt; the global supply of currency is expanding at a rapid rate; and bond yields remain near 20-year lows despite the obvious evidence of inflation. It's impossible to predict exactly when this utopian situation will end, but in our opinion there's little chance of it persisting throughout 2007. Full Story |
By: Chintan Karnani, Insignia Consultants - 6 February, 2007
US president Bush budget will only result in higher gold and silver prices as he plans to increase troops in Iraq and Afghanistan. Full Story |
By: Chris Mullen, Gold Seeker - 5 February, 2007
Gold traded about $3 higher for most of trade in Asia and London, added a couple dollars more in early New York trade, held near $650 for the rest of trade, and ended with a gain of 0.79%. Silver rose about 10 cents in Asia before it fell back off in London and dropped near $13.25, but it then rallied higher in New York and ended with a gain of 1.58%. Full Story |
By: Douglas V. Gnazzo - 5 February, 2007
My opinion (which could very well be wrong) is that the markets are floating on a sea of liquidity. I track the daily open market operations of the Federal Reserve and they are providing plenty of new money daily. Any change in the amounts of liquidity that are daily injected into the system would be immediately and strongly reflected in the averages – to the downside. Caveat Emptor. Full Story |
By: Clive Roffey - 5 February, 2007
According to current fundamental thinking the whole gold market has a negative overtone to it. Anglogold is a no, no because Anglos are sellers and their stock is overhanging the market. Goldfields is no good because it has issued several million shares to remove a hedge book. DRD is the pariah of the gold sector, its management is no good, it has lost interests in Fiji and is about to disappear down its own mine shafts and Harmony has just produced poor results and will never make money as its mining costs are too high. Full Story |
By: Chintan Karnani, Insignia Consultants - 5 February, 2007
The reasons for investing in gold and silver after Red Kite losses in base metals. Full Story |
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