Gold rose a few dollars in Asia and London and topped $680 in early New York trade before it fell in midmorning trade to $677.50, but it then spiked higher in late morning trade to new highs above $685, fell back off again, and then rallied back higher into the close and ended near its high with a gain of 1.51%. Silver jumped above $14.00 in early New York trade, remained near its highs for most of the day, and ended with a gain of 1.60%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 April, 2007
This piece is written on the base provided by GFMS, as always, a most competent gold survey of what happened in the gold market last year. Their conclusions highlight the evolution of the gold market over the last 7 years, since the Washington Agreement was signed in 1999. Full Story
By: Scott Wright, Zeal Intelligence LLC - 13 April, 2007
So far this year a sense of uneasiness has gripped the financial markets. Volatility has finally peeked its head and the market players are on the edge of their seats trying to anticipate the next exciting move. While economists scrutinize every piece of data that comprises their crystal balls, the stock markets are teetering on what could be the pinnacle of their grand cyclical bull market. Full Story
Hardly a dull moment in the currency market these days. Much attention centers upon central bank actions. The Bank of Japan held steady, as world speculators thank heavens. The Euro Central Bank held steady, as the US bankers thank heavens. But the ECB aint done hiking. The Bank of England held steady, just like the ECB, but earlier. The Reserve Bank of Australia held steady, from Down Undah. The Bank of Canada held steady, but now markets think they could hike soon. We live in a bond driven world, totally divorced from economic fundamentals, trade deficits, mismanaged economies, and bankrupt policies. Full Story
By: Chintan Karnani, Insignia Consultants - 13 April, 2007
The US dollar is being banged by the bears against the Euro and the sterling as yen carry trades surge. The US dollar is being undermined on expectations that Eurozone and UK growth rates will overtake US growth rates in 2007 while other developed nations are catching up with US. Full Story
Gold rose near $679 by late trade in Asia before it fell back near unchanged around $676 in London and early New York trade, but it then fell off a cliff at about 11AM EST and dropped to as low as $670.90 in New York before it rebounded into the close and ended with a loss of just 0.25%. Silver fell to as low as $13.64 before it also rebounded into the close and ended with a loss of just 0.14%. Full Story
Recently I told you how the Dow has lost over 50% of its value since 2001, despite its recent gains. Put another way, if you bought all the stocks in the Dow Jones Industrials back in 2001, the purchasing power of your investment today would be less than half what it was back then. Full Story
By: Chintan Karnani, Insignia Consultants - 12 April, 2007
Report released by the International monetary fund (IMF) on world economic outlook suggests that global growth may top out in 2007 and thereafter fall. Global growth is expected to moderate to 4.90% in 2007 and 2008, some ˝ percentage point slower than in 2006. Full Story
Gold remained near unchanged in Asia, rose a few dollars in London, and briefly topped $680 a little before 10AM EST in New York before it fell over the next two hours and dropped to as lows as $673.70 by late morning, but it then bounced back higher into the close and ended with a gain of 0.09%. Silver fell to as low as $13.68 before it also rebounded, but it still ended with a loss of 0.14%. Full Story
ECB gold sales were updated again this morning and the increases in sales have continued. This past week there were roughly 12.1 tonnes of sales into the marketplace from two captive central banks in Europe. In the last month, the gold market has seen 57.6 tonnes of sales. This compares to the previous month of less than about 10 tonnes of sales in total. Full Story
We seem to have found a way around the tedium Monday night, leveraging Comex Gold. The futures markets may be relatively thin and illiquid in after-hours trading, but that doesn’t mean they are oblivious to our Hidden Pivots. The chart above shows the subtle take-off signal that we used to get long June Gold overnight. Full Story
By: Chintan Karnani, Insignia Consultants - 11 April, 2007
Precious metals as well base metals were buoyed by US china trade disputes which could lead to protectionism between the two nations. China's trade surplus almost doubled in the first quarter, as the U.S. takes complaints to the World Trade Organization. Full Story
Gold rose a few dollars in Asia, traded about $5 higher in London, and extended its gains in early New York trade to climb above $680 with about $10 gains before it fell back off a bit, but it still traded about 1% higher for most of the rest of the session ahead of a dip in the last half hour of trade that left it with a gain of 0.69%. Silver rose near $14.00 in early New York trade before it also fell off into the close in choppy trade, but it still ended with a gain of 0.58%. Full Story
By: Gary Dorsch, Editor – Global Money Trends Magazine - 10 April, 2007
Jesse Livermore, widely regarded as one of the greatest stock market operators of all-time, considered himself a humble student of the market until his last day in 1940. “I study the market, because it’s my business to trade. In the forty years which I have devoted to making speculation a successful business venture, I am still discovering new rules to apply to that business,” he once remarked. Full Story
Gold is trading more like a currency right now than a proxy to oil. This should signal that many are expecting the dollar to come under some significant pressure in the near term with new rhetoric out of the US government yesterday about another set of piracy and trade issues with China. Again, this is a slippery slope and should the US ramp up the trade sanctions and protectionist trade policies, China will hit back. Being one of the largest holders of our treasuries and dollar denominated assets, it doesn't take long to figure out how they could hurt the US economy the most. Full Story
Gold continues its roller coaster ride which caused many (short term) gold traders clueless as of why gold is going into one direction or the other. Gold sharply down on the news of 15 British soldiers seized by Iran, gold going up sharply after the release of those 15 British soldiers. As stated many times before, the more bullish news for gold the more it’s being sold off. Full Story
By: Chintan Karnani, Insignia Consultants - 10 April, 2007
Copper and other base metals continue to rise on greater demand by hedge funds. Base metals have outperformed precious metals from mid February till date and will continue to do so. Full Story
Gold fell a few dollars to roughly $670 in Asia before it rebounded in London to about unchanged by the open in New York. It next rose throughout the rest of the morning in New York to about $677, but it then fell off throughout most of afternoon trade and ended near its lows of the session with a loss of 0.37%. Silver rose over $13.80 by late morning trade in New York before it also fell off in afternoon trade, but it still ended with a gain of 0.73%. Full Story
Gold put in another good week closing up $10.40 to $679.40 (+1.55%). This was gold’s highest weekly close in 6 weeks, and was the daily high close for the week as well. Gold’s next target is the Feb. high of $686.70 on a closing basis and $692.50 on an intra-day basis. From there the next target is the multi-year high of May 2006 at $730.40 (intra-day). Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch - 9 April, 2007
All is not well in the oil market. Not simply because of the demand supply pressures. Oil supplies, to a large enough extent to exert overwhelming pressure on the oil price, reside in nations that are not only involved in conflict within themselves over their own branches of Islam, but in nations that are thoroughly disposed to loathe the West, particularly the U.S. of A. Full Story
For the past few weeks, we have prepared our subscribers with special tutorials on how to position in the gold sector during the next impulsive phase, with specific instructions on how to enter the market before, during, and after a major breakout is confirmed. Now that our trading and investment plans are firmly in place, we will take the leisure of seeing the markets from a technical perspective, and get a glimpse of the future which is unfolding for us in the next few weeks. Full Story
By: Chintan Karnani, Insignia Consultants - 9 April, 2007
Easters are going to be over and summers have arrived in Asia and in northern hemisphere. Energy demand will slowly and steadily rise along with rise in temperatures. Full Story
Whilst the Fed talks empty words, inflation fears are increasing. When the Fed is finally forced to cut rates to prevent an all out housing collapse, Gold will soar as a combination of massive monetary creation collides with mounting price inflation! Full Story
By: Adam Hamilton, Zeal Intelligence - 8 April, 2007
Contrarian precious-metals enthusiasts find themselves in a difficult position today psychologically. On one hand, global precious-metals fundamentals remain incredibly bullish with demand growth far outpacing supply growth. But on the other hand, what if the precious metals are sucked into the black hole of another worldwide stock-market selloff? Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
