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Weekly Archives
By: Chris Mullen, Gold Seeker - 9 March, 2007
Gold traded a few dollars lower in Asia, remained near unchanged in London, and rose in early New York trade to about $657.50 a little before 10AM EST, but it then fell off for the rest of trade and ended near its low of the day with a loss of 0.50%. Silver dropped to about $12.90 in Asia before it rebounded back to $13.00 in London and climbed over $13.05 in early New York trade, but it also fell off with gold at about 10AM EST, remained near its lows into the close, and ended with a loss of 1.38%. Full Story |
By: CBOT - 9 March, 2007
The following margin changes will become effective with the close of business on Monday, March 12, 2007 Full Story |
By: GoldSeek.com - 9 March, 2007
COT Gold Report - March 9, 2007 Full Story |
By: SilverSeek.com - 9 March, 2007
COT Silver Report - March 9, 2007 Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 9 March, 2007
Echoing the mini-panic in commodities in early January, the past couple of weeks have once again been trying for gold and gold-stock investors. In just five trading days ending this past Monday, gold fell 7.2% while the HUI gold-stock index plunged 13.0%. The raw fear spawned by this pullback has been pretty extraordinary. Full Story |
By: Jim Willie CB - 9 March, 2007
In a series of public messages, the US Federal Reserve has issued some statements recently which telegraph an increasingly likely official interest rate cut. These guys will cut rates, but only when kicking and screaming, since they have displayed extreme reluctance at every opportunity. They know the damage to the USDollar certain to follow. They speak through their usual mouthpieces, but this time with the added impact of Sir Alan Greenspan, serial bubble engineer extraordinaire. Full Story |
By: Clif Droke - 9 March, 2007
On Tuesday, Feb. 27, the stock market experienced its biggest 1-day tumble since 2001. That it created quite an impression on the minds of millions of investors is undisputed. What is disputed, though, is whether this sharp decline represented a needed correction of an ongoing intermediate-term bull market…or perhaps the start of a major bear market? The debate continues with everyone having a different take on the matter. But the market itself is giving clear and decisive readings as to which side of the argument is likely correct. Full Story |
By: Chintan Karnani, Insignia Consultants - 9 March, 2007
Central banks promoting carry trade. Full Story |
By: Chris Mullen, Gold Seeker - 8 March, 2007
Gold traded about $3 higher for most of trade in Asia and London and found over $5 gains in early New York trade before it fell to as low as $650.50 in late morning trade, but it then rallied back higher into the close and ended near its high with a gain of 0.66%. Silver rose above $13.10 in London before it fell throughout most of trade in New York to as low as $12.90 at one point, but it then rebounded higher in afternoon trade and ended with a gain of 0.31%. Full Story |
By: Chintan Karnani, Insignia Consultants - 8 March, 2007
Base metals have unaffected by the turmoil in precious metals as they continue to rise. Copper, Nickel and other base metals are slowly and steadily are rising. Full Story |
By: Chris Mullen, Gold Seeker - 7 March, 2007
Gold traded moderately higher for most of trade in Asia and London before it dipped to the unchanged mark just before 10AM EST in New York, but it then rose over 1% in the next hour of trade, fell back off slightly, and rallied back higher into the close and ended near its high with a gain of 0.87%. Silver dropped to as low as $12.76 just before 10AM EST before it also rallied back higher for most of the rest of trade and ended with a gain of 0.93%. Full Story |
By: Captain Hook - 7 March, 2007
Margin Debt – it’s a portfolio killer – especially when combined with feelings of euphoria and complacency. This was the predominant condition in the stock market that allowed for this little crash, and what is most likely to come. Fear about the Yen Carry Trade being unwound sparked by the sell-off in Chinese stock markets Tuesday has set off ripples throughout the entire financial system that will in time culminate to produce a genuine financial calamity. Full Story |
By: Peter Degraaf - 7 March, 2007
The recent COT report showed a ‘net short Gold contracts’ total of 184,000. No doubt last weeks $50 drop in the POG has served to decrease that number. The commercials thrive on loading up after a sharp decline, and then sell when a rally begins to mature, and the more it matures the more they sell. If the past serves as a pattern, they are loading up right now, and if we want to ‘trade like a pro’ it behooves us to do the same. Full Story |
By: Chintan Karnani, Insignia Consultants - 7 March, 2007
The rise in global stock markets and a weaker US dollar has resulted in gold and silver rising. The long term technical supports have been held in both gold and silver which has resulted in greater investment demand at lower levels. Full Story |
By: Chris Mullen, Gold Seeker - 6 March, 2007
Gold fell over $5 in access trade late yesterday, quickly rebounded in Asia, and traded over $5 higher in London before it dipped near $640 in early New York trade. Gold then rebounded again and saw about 1% gains before it fell back near $640 once more in late morning trade, but it then rallied back above $645 ahead of a slight dip at the close that left it with a gain of 0.94%. Silver followed a similar rollercoaster ride and ended with a gain of 1.99%. Full Story |
By: Eric Hommelberg - 6 March, 2007
Scared about the current sell-off? The reason for this sell-off? Well, quite obviously there were more sellers than buyers of our beloved gold shares last week. Don’t like it? Well, as the saying goes, if you can’t stand the heat stay out of the kitchen. I’ve been warning several times lately for the upcoming volatility in gold and its shares. In times like these the only proper thing to do is to do nothing at all. Full Story |
By: John Rubino, DollarCollapse.com - 6 March, 2007
All you worried goldbugs out there, repeat after me: Corrections happen. Every bull market has lots of 5%-10% squiggles that look like the end of the world to those who don’t understand, and like entry points to those who do. Full Story |
By: Douglas V. Gnazzo - 6 March, 2007
As always, interest rates are key. As go interest rates, so goes the bond market and the dollar market. As goes the bond market, so goes the mortgage market. More money, or should we say credit and debt, are tied up in the housing market then in any other market. If the housing market goes, the economy will go with it. Interest rates are thus key. Full Story |
By: Chintan Karnani, Insignia Consultants - 6 March, 2007
Gold and silver managed to hold on to the key long term support levels as they once again start to rise slowly and steadily. But they are certainly not out of the woods. Full Story |
By: Chris Mullen, Gold Seeker - 5 March, 2007
Gold opened slightly higher in Asia, fell near $635 in London, and dropped to as low as $633.00 in morning New York trade, but it then rose it late morning and briefly found slight gains before it fell back off into the close and ended with a loss of 0.50%. Silver dropped to as low as $12.38 before it rebounded in late morning, but it also fell back off into the close and ended with a loss of 1.79%. Full Story |
By: Jack Chan - 5 March, 2007
After a week of heavy selling, many public readers have asked if this is now a good buying opportunity. There will be opportunities this week for short term scalpers, as the metals are deeply oversold and should see a relief bounce. But for position traders, our current signals suggest being in cash or short are the only viable positions. Full Story |
By: Chintan Karnani, Insignia Consultants - 5 March, 2007
The first sixty days of 2007 has been a roller coaster ride. In January crude and base metals were knocked out. In last week of February it was the turn of gold, silver and global equities with the fall in Chinese stocks and yen carry trade being made the scapegoat. Full Story |
By: Clive Maund - 4 March, 2007
On 21st February an article was posted titled COMMERCIALS ON THE ROPES. This article was based on the erroneous presumption that “this time round it will be different” - that the COT pattern would be broken by a surge in physical demand. Well, as subsequent events have proved, this time round it wasn’t different, it was the same as it has always been. The Commercial shorts rose to a very high level and gold’s advance was killed and it went into sharp reverse. This was a serious error of judgment that will not be repeated. Full Story |
By: Charleston Voice - 4 March, 2007
In a bull market of anything it's very hazardous to short any participating component. You may want to sell and wait for a re-entry point at a lower price, but I would caution anyone not to go short with precious funds. As for gold and silver there are just too many imponderables out in the world today to think they will ever go down long enough for you to move in and out briskly. Full Story |
By: Clive Roffey - 4 March, 2007
Bullion pulled back to test the original breakout point at $645 during the panic sell off. One of the attributes of a true bull market is its ability to absorb bad news and then shrug off any ill effects, the faster the recovery, the stronger the bull. Most analysts are indicating that bullion will go through the $700 this year. I am looking for an acceleration of the gold price and would not be surprised to see it take out the all time January 1980 peak of $850 this year. Full Story |
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