Gold traded mostly slightly lower in Asia, mostly slightly higher in London, and came into New York about a dollar lower. It next rose over 1% in midmorning trade, remained near its highs for the rest of the morning, and then more than doubled its gains in afternoon trade and closed with a gain of 2.11%. Silver followed a very similar pattern and closed with a gain of 3.48%. Full Story
By: Adam Hamilton, Zeal Intelligence - 12 January, 2007
This young New Year has not been kind to gold and gold stocks. In the first six trading days of 2007, general commodities selling pressure pushed gold down 3.9% which in turn drove the HUI unhedged gold-stock index 8.6% lower. Such ominous beginnings have led to a growing crescendo of pessimism chilling the hearts of investors and speculators. Full Story
When the fundamentals of uranium first caught my eye back in 1998, it was a contrarian’s dream. At the time it was, to my thinking at least, the proverbial manna, an ultra-clean, ultra-safe, ultra-efficient and virtually unlimited source of mass energy, yet due to environmental hysteria was viscerally and universally despised. Its price had fallen to only about $9.00 on its way even lower, a price that made it uneconomic to produce, let alone explore for. As a result, there was a huge and growing short-fall in new mine production to meet demand. Full Story
Gold fell a few dollars in early Asian trade, rebounded to unchanged by the open in London, and traded mostly slightly higher for the rest of the day before it ended with a gain of 0.10%. Silver rose to over $12.50 in early New York trade before it fell back off into the close, but it still ended with a gain of 0.08%. Full Story
The gold and silver prices will zoom when desperation sets in for the US Federal Reserve. That desperation is written in stone from my vantage point, inevitable, inexorable, unavoidable, a certainty. We are witnessing Weimar-like days and behavior in the financial sphere and elsewhere. If the USFed is always late and always goes too far, they invite the corresponding extreme situation which fosters actual desperation. With it comes, a gradual further erosion in the USDollar will be endured at a time when leaders in the USGovt have lost most of the respect for the nation on the geopolitical stage. Full Story
I think silver is at or near a low risk buy point right now. On December 4, I called for a top in silver and I expected to be buying again at a price in the low to mid $12 range. Silver has corrected since then by almost $2 and is hovering just above its 200 day moving average (DMA) of 12.21. I bought some silver in the drop last Friday and will likely complete my purchases this week or next. I am waiting to see if we get a sell off this Thursday or Friday that will take it below the 200 DMA. The rest of this article focuses on the logic and analysis I am using to determine when to buy. Full Story
Every New Year brings with it boundless possibilities, and this one’s no exception. Many miners up here are especially pleased about one specific possibility offered by this particular New Year: the prospect that over the next twelve months money from outside the region will continue flowing into area mining ventures – and perhaps even increase. Full Story
We have traded these markets on www.clivemaund.com successfully over the past several weeks, avoiding heavy losses and making money in Put options in stocks such as Newmont Mining, and, just a few days back, or even a day or two ago, it looked like the drop would continue. But, like the first breath of wind before a storm, evidence has begun to appear that a possibly dramatic reversal to the upside may be close at hand. Full Story
Gold traded about a dollar lower near $612 in Asia before it dropped another few dollars in early London trade and then rebounded back near unchanged by the open in New York. After that it fell back off to about $606 by a little after 10AM EST, but it then rallied higher into the close and ended with a loss of just 0.18%. Silver followed a similar pattern and dropped near $12.15 in midmorning New York trade before it rebounded into the close, but it still ended with a loss of 1.12%. Full Story
These two ETFs effectively eliminate the trouble trading the related Betapro funds, which has an early cut off time, and early redemption fees. As ETFs become more mainstream in Canada for Canadians, I expect more ETFs to be launched in the soon future for metals, energy, and tech. This will help to supplement our current Cdn ETFs such as XGD and XEG, and finally a chance to play the short side using a Cdn ETF. Full Story
I have been an observer of the markets since 1982, and never have I seen what is now unfolding. It is enormous in its scale, and breathtaking in its breath. It is a symptom of a global malady, that problem is fiat money and credit creation. Never in history have so many Central Banks been on the money printing train, the bust will be equally enormous. But it could be years before we see its teeth, and until then… Full Story
The big question now being asked by investors, institutions, uranium speculators, fuel brokers, uranium miners, industry consultants and utilities is: ‘How high will the price of uranium reach during 2007?’ Growth in the uranium sector continues to depend upon ever more convincing confirmatory evidence of global warming, caused by excessive fossil fuel use, in order to accelerate broad public demand for the expansion of nuclear energy as a replacement source for electricity. Full Story
In short, India's forthcoming gold ETF could act as much more than just "one more investment avenue," as a Mumbai-based analyst termed it last month. Unless Kotak Gold creates new gold demand – rather than cannibalizing the jewelry and small bar market – the ETF could actually give Indian investors the chance to take profits and sell out as the global price rises. Full Story
By: Rick Ackerman, Rick's Picks - 10 January, 2007
Concerning Gold, there seems to be more concern than is warranted. I see somewhat lower prices ahead, with a minimum 594.50 target on the February Comex contract. But the fact remains, Gold’s declines in recent months have lacked the power to create menacing impulse legs on the daily chart. The bear’s lack of seriousness was evident some time ago, when the ten-week fall from mid-July’s peak failed to breach several key supports near $565 made earlier in the year. The chart below shows this. Full Story
The recent fall in crude oil prices is an example of the speculative price escalation. Every commodity or a financial instrument has a speculative price attached to it. Whenever prices reach beyond justified levels prices fall sharply. Full Story
Gold rose about $5 above $612 in Asia before it fell back near unchanged in London and dropped to as low as $605.60 in morning New York trade, but it then surged higher in afternoon trade and ended near its highs with a gain of 0.92%. Silver rose over 10 cents above $12.40 in Asia before it fell to as low as $12.14 in morning New York trade, but it also jumped higher in afternoon trade and ended near its highs with a gain of 1.71%. Full Story
By: Israel Friedman & Theodore Butler - 9 January, 2007
Too few people are using logic as their first tool for investment decisions. I look for logic first before deciding on an investment. Let’s take the real estate market as an example. When the interest rates started to fall sharply several years ago, due to Federal Reserve actions, logic had to tell you that real estate would be a good investment. Prices exploded. When interest rates started rising, logic would say it was a signal to take profits. Full Story
By: Gary Dorsch, Editor, Global Money Trends newsletter - 9 January, 2007
Is it enough to point the finger of blame for the latest crash in crude oil on the arrival of global warming? Unusually warm weather in Russia, Europe, and the United States, with temperatures reaching the upper 60’s in New York’s financial district, weakened global demand for heating oil by 23% below normal last week, and a 30% drop in heating oil demand is also expected in the days ahead. Full Story
Gold again served investors well in the previous year. As the first chart show, $Gold has for the second year in a row provided a return superior to U.S. paper equities. Results for 2006 extend the excellent record of performance being built by $Gold, and the best is yet to come. For five of the past seven years and six of the last ten, $Gold has outperformed U.S. paper equities. Guess that is what they mean by a “real” return. One would think that the paper asset groupies would soon be embarrassed talking in public and in the media about paper assets, given their inferior returns. Full Story
By: Steven Saville, Speculative Investor - 9 January, 2007
What it does mean is that over the coming 5-10 years the S&P500 Index is very likely to maintain its downward trend relative to gold and stock market valuations (P/E ratios, etc.) are very likely to contract. It also means that the risk of a large decline in nominal dollar terms occurring at some point over the coming 12 months is much higher than it would normally be due to the potential for the optimistic earnings-growth expectations currently factored into stock prices to come face-to-face with reality. Full Story
Geopolitical risk and technical buying came to the rescue of gold and silver. There have been reports that Israel is planning to secretly destroy Iran’s uranium enrichment facilities while Russia shuts down the Druzhba pipeline to Belarus. Full Story
Gold rose a few dollars in Asia and London before it fell in late morning New York trade and found slight losses at one point, but it then rallied back higher into the close and ended with a gain of 0.38%. Silver fell near $12.00 in late Asian trade before it rose in London and climbed to about $12.30 in late morning New York trade, but it then fell off with gold and found slight losses ahead a rally into the close that left it with a gain of 1.24%. Full Story
The New Year started off with a bang that even the most die-hard pyromaniacs were in awe of. Just about every commodity traded got whacked by implosions seen and felt around the world. Copper, oil, gold, silver, coffee, and the entire CRB Index put on quite a dismal performance – the carnage was everywhere. So what’s the scoop? Full Story
It has happened in the early 1980’s and last week’s slide was not exception. This is what liquidity driven market can do not just to gold and silver but to any financial market. Full Story
On www.clivemaund.com we saw last week’s commodity bloodbath coming and stood aside, with warnings being issued with respect to Precious Metals stocks on the 14th December and with respect to gold and silver themselves in the Gold and Silver updates on the 30th December, which did not get posted on public websites as usual due to illness and with respect to the oil sector on 2nd January. Full Story
By: Roland Watson, The Silver Analyst - 7 January, 2007
If you have been a regular reader of the various precious metal websites, you will know that gold is the metal that dominates the discussion. This should not surprise us. Despite that fact that less than 2,500 tonnes of gold are mined out of the ground each year as opposed to the 20,000 tonnes of silver, it is market cashflow that matters and a look at the recent statistics of the international London bullion market shows that in November 2006, $12.1 billion worth of gold was cleared through that city as opposed to $1.41 billion worth of silver[1]. Clearly, when it comes to business transactions as well as Internet chat, it is gold that talks louder than silver. Full Story
It’s funny how ever bull market has to have a fundamental story wrapped around it before it can be sold for public consumption. Much like a candy bar at a convenience store, a bull market in stocks or commodities is always packaged with an enticing wrapper designed to lure prospective buyers and ensure its quality to the consumer. Full Story
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