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Weekly Archives
By: Chris Mullen, Gold Seeker - 11 May, 2007
Gold rose a few dollars in Asia and remained near $668 in London before it furthered its gains in New York and ended about $2 off its high of the session with a gain of 0.77%. Silver briefly fell about 10 cents in Asia, but it then rebounded and traded on either side of unchanged in London and accomplished impressive gains in New York before it dipped slightly into the close and ended around 5 cents off its high with a gain of 1.46%. Full Story |
By: GoldSeek.com - 11 May, 2007
COT Gold Report - May 11, 2007 Full Story |
By: SilverSeek.com - 11 May, 2007
COT Silver Report - May 11, 2007 Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 May, 2007
The Fed's Open Market Committee yesterday repeated its assessment from March 21st that persistent inflation remains the predominant policy concern. Interest rates were held at 5.25%. The Fed has just said, “inflation is a predominant risk” but did not raise interest rates, and indicated that it is not likely to do so, as it pointed to lower growth and the ongoing housing price problems. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 11 May, 2007
With the headline US stock indexes doing so well this year, they are understandably absorbing trader attention and news coverage like a black hole. It is always exciting to see major new round numbers achieved and new highs carved. But other markets outside of this limelight are not frozen in stasis. Full Story |
By: Chintan Karnani, Insignia Consultants - 11 May, 2007
Global equity markets are liquidity driven with Japanese money the key short term driver for most of the financial instruments. Traders were ignoring the slow down in US economy. Full Story |
By: Chris Mullen, Gold Seeker - 10 May, 2007
Gold remained near unchanged to slightly lower in Asia, fell about $4 in London, dropped another $4 to about $672 in early New York trade, and then fell over 1% further in afternoon trade and ended $1.50 off its low of $663.50 with a loss of 2.22%. Silver followed a similar pattern and dropped to as low as $12.97 before it also rebounded slightly and ended with a loss of 2.55%. Full Story |
By: Mark O'Byrne - 10 May, 2007
Precious metals remain the most undervalued of all the asset classes. Precious metals, and particularly silver, remain the most undervalued of all the commodities. Silver is even more undervalued than gold and is undervalued when compared to other strategic commodities such as oil and uranium. Full Story |
By: Jack Chan - 10 May, 2007
We don’t just pay lip service to keeping things simple, we actually practice it. When we are on a sell signal, we are in cash and out of harm’s way. We will refrain from shorting until we have a bearish configuration and set up. Full Story |
By: Chintan Karnani, Insignia Consultants - 10 May, 2007
One down two more to go today after the Fed meeting as markets wait for the uncertainty of the Bank of England meeting and the European central bank to be over. Full Story |
By: Chris Mullen, Gold Seeker - 9 May, 2007
Gold remained near unchanged in Asia and London before it fell in New York to as low as $675 by late morning and then rebounded into the close, but it still ended with a loss of 0.72%. Silver fell all the way to $13.15 before it also rebounded markedly, but it still ended with a loss of 0.67%. Full Story |
By: Theodore Butler - 9 May, 2007
Everyone must look at the facts and decide what’s best for them and for their families’ financial security. Unless you think it was just blind luck that my campaign, ten years ago, about leasing/forward selling turned out the way it did, I would suggest that you get positioned to take advantage of what lies ahead for silver as the huge short position in silver is bought back and covered. I believe it will have a much greater impact on the price of silver than anyone now imagines. Full Story |
By: Chintan Karnani, Insignia Consultants - 9 May, 2007
Gold and silver are finding buyers at lower levels even as the US dollar gained ahead of the Fed meeting. Yesterdays volatility reflected the nervousness among traders as they were not prepared to go too short or too long. Full Story |
By: Chris Mullen, Gold Seeker - 8 May, 2007
Gold remained near unchanged in Asia and dipped slightly in London before it dropped even further in New York to as low as $681.40 at one point, but it then rallied back higher into the close and ended with a loss of just 0.36%. Silver fell almost 2% to as low as $13.24 by late morning in New York before it rallied fiercely higher in the next 2 and ½ hours of trade and even saw brief gains at one point, but it then fell back off in the last minutes of trade and ended with a loss of 0.37%. Full Story |
By: Neal R. Ryan - 8 May, 2007
On the ECB gold reserves front, two ECB captive banks sold over 11.5 tonnes of gold this past week into the market, making this the 8th straight week of significantly increased sales compared to the past 6 months of the Central Bank Gold Agreement financial calendar. In two months, ECB banks have sold over 100 tonnes of gold into the market. By comparison, the ECB banks sold 112 tonnes in the six previous months. Full Story |
By: Chintan Karnani, Insignia Consultants - 8 May, 2007
Precious metals and base metals are trading in a range as London and Chinese markets open after holidays. Full Story |
By: Chris Mullen, Gold Seeker - 7 May, 2007
Gold traded mostly slightly higher in Asia and London and topped $690 in early New York trade before it dropped in midmorning trade to as low as $686.30 at one point, but it then rallied back higher into the close and ended with a gain of 0.09%. Silver topped $13.55 before it also fell back off a bit, but it still ended with a gain of 0.52%. Full Story |
By: Eric Hommelberg - 7 May, 2007
What about you? Tired of seeing your gold shares failing to regain their 2006 ‘highs’? Losing confidence that gold shares (HUI) will fail to break its long-term resistance at 360? Thinking about throwing in the towel after another failed break-out attempt lately? Full Story |
By: Chintan Karnani, Insignia Consultants - 7 May, 2007
Volumes will return to the peak as Chinese and Japanese traders return. Asia ex Japan now has plays a major role in the commodity markets. Full Story |
By: Douglas V. Gnazzo - 6 May, 2007
Gold gained $7.90 (1.16%) for the week, closing at $689.70. It was gold’s highest close in 8 weeks. Its intraday high for the week was $693.20, and its intraday low was $670.00. Below is gold’s daily chart, which shows two support lines – the first is closest to the present price, and the second is further below. Over the short term we are of the opinion that the first support line holding is the most probable scenario. If it holds then a test of the highs would be in order. Full Story |
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