Gold Silver Profits

Silver Price Forecast: Silver Market Update of 24 February 2012

2012-02-27T04:56:00.001-08:00

Silver is currently trading at key resistance levels. See below, a six-year silver chart (all charts generated at fxstreet.com):

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The Long-Term Fundamental Case for Gold

2012-02-27T04:52:00.000-08:00

“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”

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Strong weekly close in Gold

2012-02-27T04:47:00.001-08:00

Gold was able to close the week out on a very strong note, although some traders did decide to cash in some profits ahead of the weekend, after getting a nice run of some $65 off of last week’s close as of Thursday’s peak price. Even in spite of the light round of profit taking, gold still managed to put in a very solid WEEKLY close surrendering only about $15 off its best level of the week and closing within striking range of $1800, the top of the heavy resistance zone noted on the price chart.

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Gold and silver prices benefiting from liquidity flood

2012-02-27T04:40:00.001-08:00

For the first time in three years the slowdown in the eurozone is negatively affecting trade with important Asian exporters such as Japan, China, South Korea and Thailand. Owing to last year’s floods, in Q4 Thailand’s economy suffered a 10.7% slowdown in comparison with the previous quarter. Recent factory closures have also caused difficulties for the Thai economy.

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Gold & Silver Headed for Weekly Gains Gold & Silver Headed for Weekly Gains Gold & Silver Headed for Weekly Gains

2012-02-27T04:37:00.000-08:00

Dollar Gold Bullion prices hovered around $1780 per ounce Friday morning in London, after falling slightly from yesterday’s 3-month high. Silver Bullion meantime hit its highest level since September, rising to $35.74 per ounce just after London opened.
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Why China is buying Gold

2012-02-27T04:31:00.000-08:00

FOR OVER three decades, since the start of the country’s “Reform Era” in 1978, China has been exporting more goods than it has imported, writes Porter Stansberry in the Daily Wealth.

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Learn why the Gold Price is Manipulated by Governments – Interview with GATA

2012-02-27T04:26:00.000-08:00

In this video you will learn that the most Western governments have conflicting interests with Gold, which is a reason to manipulate Gold’s Price. Chris Powell from the non-profit organisation GATA (Gold Anti-Trust Action Committee) puts this phenomenon into perspective and helps to see why this trend can soon change.

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Gold Market Weekly Wrap

2012-02-27T04:08:00.000-08:00

Gold Price and Silver Bullion Market News and Analysis with Ben Traynor from BullionVault. In this weeks wrap: Gold Price Hits 3-Month High, Silver Price Breaks Out, Euro Oil Price Sets New Record.

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Interview With Rob McEwen from McEwen Mining – A Mid Tier Producer Of Silver and Gold

2012-02-27T04:03:00.000-08:00

One of our long term recommendations U.S. Gold merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near term production in Nevada and Mexico with Gold Bar and El Gallo and a world class exploration land package surrounding Goldcorp in Argentina and along the Cortez Trend in Nevada.

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Central Bank Buying Has Gold Shorts Trapped

2012-02-27T03:56:00.000-08:00

Today Ben Davies told King World News that a new buyer has come into the gold market. This buyer is very large and it has trapped some of the shorts in the gold market. Davies, who is CEO of Hinde Capital, also spoke with KWN about short-term price targets. Here is what Davies had to say: “Fantastic action indeed and I think it’s caught a lot of the participants in the market offside. When a market moves, as gold did, from structurally oversold and moves back quite quickly in the medium-term, particularly when a market is perceived to be in a bear phase, people are very keen to take to the short side of the market.”

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“It’s not if, but when”

2012-02-27T03:44:00.000-08:00

Recommended Conference on 01/03/2012 in Belgium: The tragedy of the euro; how to survive the collapse of the monetary system. Subscribe now or more info.

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We are now in the Greatest Wealth Transfer in History

2012-02-27T03:30:00.000-08:00

Discover why we are currently in a huge wealth transfer, maybe the greatest one in history. Mike Maloney in this video explains why “wealth is never destroyed, it is only transferred.” This is a fundamental insight you need to retain and ask yourself in which camp you are currently with your (personal) assets : growing & preserving wealth vs losing wealth ? As a note, please mind that currently approximately 1.000 are in the losing vs 1 in the winning camp.

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Rare Earth Investment Update

2012-02-27T03:18:00.002-08:00

We’ve received a number of inquiries from Casey Research subscribers about our opinion on the current rare earth metals market. We have covered this topic previously, but this article, we’ll take a fresh look.

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If Gold Could Talk

2012-02-27T03:09:00.000-08:00

Have you ever had any doubts about gold? Does it sometimes feel like it should be performing better? Are you concerned about its volatility? Do you worry about how it might perform in the future? Have you ever wondered about its true purchasing power? Maybe you’re nervous about a big drop in price again? I decided to go directly to the source to address these concerns: Gold himself. He put his arm around me and asked me to tell you a few things…

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Politicians don’t understand economics (or Gold & Silver)

2012-02-14T12:37:00.000-08:00

Mike Maloney explains in this video that politicians are not the best in understanding economics, so they are not best in understanding Gold & Silver neither. Politicians have other concerns : it’s being elected in the first place.

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Gold Price Will Easily Hit $2000 on Central-Bank Liquidity

2012-02-14T11:34:00.000-08:00

The Gold Price slipped $10 per ounce to $1730 in London trade Thursday morning, before regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government bonds to £325 billion ($515bn).

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A New Reason Gold Stocks Will Soar

2012-02-14T11:07:00.000-08:00

There are a number of reasons why many of us believe gold stocks will shoot for the moon before this bull market is over – they’ve done so many times in the past… the gold price still has a long way to climb… and producers are generating record revenue and profits. But I think there’s another reason why gold stocks will soar – one that hasn’t dawned on many in the industry yet.

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Gold Prices “Being Driven by Investment”

2012-02-14T10:53:00.003-08:00

Fundamentals are important in the long run, says Paul Walker, global head of precious metals at consultancy Thomson Reuters GFMS. Over the short run, however, silver and Gold Prices are being driven by investment and low or negative real interest rates, as he explains in this interview with MineWeb’s Geoff Candy.

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Gold Price – Choppy trading pattern continues

2012-02-14T10:48:00.000-08:00

Gold currently seems unable to better the level near $1750 which is proving to be rather stubborn. There appears to be a bit of a headwind arising from lingering fears about Greece and a potential slowdown impact on the global economy as debt issues remain in the back of traders’ minds. That was trumped the other day by Chairman Bernanke’s promise of another 18 months or more of free money but in today’s session, apparently the effect has been somewhat muted. I am noticing that equities are lower today and the Dollar has managed a bit of a bounce with bonds moving up slightly off of their worst levels of the session and are now unchanged. One can spot the “risk aversion” trades in the session.

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Bernanke speaks, gold rises

2012-02-14T10:42:00.001-08:00

When perma-bear economist Nouriel Roubini turns bullish on the stock market, it’s wise to sit up and take notice. In the words of Gina Sanchez – director of equity and allocation strategy at Roubini’s firm – “We’re a believer; we’re celebrating. We think the rally has legs”.

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Gold Prices Driven Higher by Europe and China

2012-02-14T10:39:00.000-08:00

Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon’s Money Monitornewsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The Gold Report, they answer the question: How low and high can gold go?

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Dubai explores new ways of selling gold

2012-02-14T10:25:00.000-08:00

Gold merchants in Dubai are seeking new ways to offer their gold products to tourists and buyers from India. More and more gold kiosks are being opened which – in contrast to large showrooms – can satisfy many potential customers in a short period of time. Because it takes fewer employees to run such a kiosk, this distribution model also helps sellers to reduce their costs. The typical range of products contains gold ornaments, gold jewellery and gold coins – all of which are very popular among walk-in customers.

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Will China Continue to Buy Gold?

2012-02-14T09:57:00.000-08:00

“Nobody rings a bell at the top or bottom of a market,” the old saying goes. Yet anyone reading about the veritable stampede to Buy Gold during last month’s Chinese New Year celebrations might have heard a faint ringing in their ears, writes Ben Traynor at BullionVault.

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Gold Bullion steady today as Dollar falls

2012-02-14T09:54:00.000-08:00

Gold Bullion prices held steady just below $1750 per ounce Wednesday morning – 2.2% up on yesterday’s low – after rallying the previous day following comments from US Federal Reserve chairman Ben Bernanke.
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Gold’s Rise Will Shock Market Participants This Year

2012-02-14T09:50:00.000-08:00

With gold trading roughly $30 higher and silver breaking solidly above the $34 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management, to get his take on where he sees gold and silver headed from here. Embry told KWN this will be, by far, the strongest year for gold during this entire bull market. Here is what Embry had to say about the situation: “The fact that sentiment is so poor with gold at these levels just indicates that people don’t realize what’s really unfolding. I think the price action to begin the year has been exemplary. It was interesting as gold was getting a head of steam going last week, out comes that bogus jobs report that led to the one day reversal in gold and silver.”

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Notes on today’s Silver Chart

2012-02-14T09:45:00.001-08:00

Silver is responding to the “Free Money” environment being maintained by the Fed to keep the US economy limping along as it shot higher when the Dollar dropped lower and fell below the 79 level on the USDX chart.

It is once again knocking on the door of a heretofore very stubborn level of chart resistance that begins at today’s high and extends into the region just north of $35. If silver is going to mount a breakout move and start a trend higher, the bulls must beat back the selling that is going to come in at this level. If they do, they have a very good shot at a rather quick move to $40.

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Video – David Morgan interviewed sharing insights & tips about gold & silver

2012-02-14T00:35:00.000-08:00

David Morgan was interviewed by Kitco. He shares some insights in how you need to look at gold & silver, what it means for you, what it could mean to society by setting it as a monetary standard.

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Crunch time in Greek debt talks

2012-02-14T00:32:00.002-08:00

Markets are caught between joy and disconsolation at the moment. On the one hand, they know that central banks are committing to ever-greater money creation efforts in order to keep the present economic show on the road – and Mr Market loves nothing more than free money. But as long as the shadow of a disorderly Greek default persists – along with the possibility that more peripheral eurozone nations will also be forced into a similar position – bulls can’t rest easy just yet.
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Indian gold demand declining

2012-02-14T00:28:00.001-08:00

Following improvements in US unemployment data, both gold and silver prices faced sales pressure. Should the US labour market continue to show signs of recovery, this may reduce the likelihood of the Federal Reserve engaging in more quantitative easing.

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GoldMoney: Buy safely gold & silver online

Mining Stocks and the Gold Price

2012-02-13T11:58:00.000-08:00

So when might a rising Gold Price actually lead to rising stock prices for companies with quality projects and solid treasuries? In this interview with The Gold Report, Outstanding Investments editor Byron King shares his roadmap.

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Gold Price to Hit $5,000 in 24 Months & Silver $166

2012-02-13T10:45:00.000-08:00

Today Egon von Greyerz told King World News that central planners may very well fail at their attempts to save some troubled banks. Von Greyerz also surprised KWN by predicting gold will climb to $5,000 and that silver will hit $166 in the next 24 months. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about central bank activity and how it will impact gold and silver prices: “If you look at every central bank in the world they are in an absolute mess and they need to print unlimited amounts of money. So we will have a lot of zeros after the price of gold in many currencies. But even in today’s money I see gold going up many times from here.”

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Finding Fundamentals Key to Gold Investing

2012-02-13T10:21:00.000-08:00

The market isn’t rewarding fundamentals just yet for precious metal miners, according to Byron King, editor of Daily Resource Hunter, Outstanding Investmentsand Energy & Scarcity Investor published by Agora Financial of Baltimore. But in this exclusive interview with The Gold Report, King maps out when rising gold prices will actually lead to rising stock prices for companies with quality projects and solid treasuries.

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How to Find the Best Junior Gold Stocks

2012-02-13T10:10:00.000-08:00

Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively about the recent major bottom in the precious metals sector and the very positive outlook for the equities in 2012 and likely 2013. One can make money if they buy and hold a mutual fund or ETF but they can generate far superior performance with a basket of the right companies. The following explains what we look for in order to uncover the juniors that will deliver outstanding returns.

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Is gold in a bubble?

2012-02-13T10:02:00.000-08:00

Every once in a while a bubble forms in a market. Bubbles can occur in any market, whether stocks, commodities, real estate or as we know from history, even tulip bulbs.

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Gold Prices decline further as “crunch time” arrives for Greece but Gold now more of a Safe Haven than in Nov and Dec

2012-02-10T01:53:00.000-08:00

Gold Prices continued to fall Monday morning in London, hitting $1713 per ounce by lunchtime – 2.8% down on last week’s high – as stocks and commodities also ticked lower, while US Treasury bonds gained. Silver Prices dropped to $33.09 per ounce – 3.9% down on the high from last week – as uncertainty grew over the long-running Greek debt issue.

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Indian Investors Keen to Buy Gold and Silver

2012-02-10T01:49:00.000-08:00

Following growing interest from small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each, writes MineWeb‘s Shivom Seth in Mumbai.

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Gold Juniors Poised to Rebound

2012-02-10T01:43:00.000-08:00

Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off.

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Crunch time in Greek debt talks

2012-02-09T03:49:00.000-08:00

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Why Energy Will Outperform Base Metals

2012-02-09T03:26:00.000-08:00

Let's examine some evidence that energy resources are replacing metals as the world’s most valuable commodities, writes Dan Denning for the Daily Reckoning Australia.

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Indian gold demand declining

2012-02-07T09:39:00.000-08:00

Mining Stocks and the Gold Price

2012-02-07T06:18:00.000-08:00

SO WHEN might a rising Gold Price actually lead to rising stock prices for companies with quality projects and solid treasuries?

In this interview with The Gold Report, Outstanding Investments editor Byron King shares his roadmap.

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Local Top in Mining Stocks Might Be Just Around the Corner

2012-02-06T10:40:00.000-08:00

This December gold prices swooned by more than 10 per cent in their biggest monthly fall since the collapse of Lehman Brothers. For some insecure gold investors it was like a bad dream. They were happy to wake up to a bright, crisp January whose performance was more than enough to warm the heart of any gold investor. It was the metal’s strongest starting month in 32 years giving a resounding answer to those who wondered if the 11-year rally in gold had ended (and they always seem to come out of the woodwork every time gold experiences a correction.)

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David Morgan video: The great silver market myth

2012-02-06T10:36:00.000-08:00

The silver expert who deserves a lot of respect for his insights & knowledge David Morgan, published this highly recommended video. In the video, Mr Morgan reveals a myth about silver : the global reserves and production of silver are much much smaller than most people think. So consequently, what would happen if everyone in the United States (as an example) would purchase just a little bit of physical silver ? That’s right, the price would skyrocket as demand would far outpace supply. So let’s do the exercise if 1/3d of the world population would buy a little bit of silver … yes indeed, it’s time that everyone on a global scale buys a bit of silver!

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Special interview with David Morgan & Chris Duane: $500 Silver & hyperinflation in the US

2012-02-06T10:31:00.000-08:00

A very insightful interview with two specialists in silver: Chris Duane & David Morgan. You’ll hear why it’s quite realistic that silver will reach 500 dollar in the (near) future and how you have to look at silver in order to protect yourself.

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Corrective Action in Gold is Prelude to Bullish Explosion

2012-02-06T10:26:00.000-08:00

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain. Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside. Here is what Turk had to say about money on the sidelines and where gold and silver are headed: “Sooner or later that money is going to realize the train is pulling away from the station. Whether this money comes in next week or the week after, I do very much like this trading action. I’m very bullish here short-term on gold and silver, it looks very, very good.”

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Gold Silver ratio screams buy silver

2012-02-06T10:22:00.000-08:00

Dominique de Kevelioc de Bailleul: If ever a chart signaled a time to buy, it’s the silver chart. Breakouts are everywhere, with the big one at $37 still ahead of us. Then there’s nothing between that price and $50.

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Junior Gold Producers 2

2012-02-06T10:08:00.000-08:00

It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels. In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high. The latest exploration-and-development cycle is finally starting to bear fruit!

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Bernanke determined to protect US economy

2012-02-06T10:02:00.000-08:00

Bullish US retail sales figures for January and “hours worked” stats for the last quarter encouraged further gains in stocks commodities yesterday. The $82bn Glencore/Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment, with many no doubt hoping that this is indicates it’s “business as usual” at the financial markets. Precious metals continue to benefit from the move away from the perceived “safety” of the US dollar, with the gold price breaking above resistance at $1,750 and silver temporarily moving above $34.

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Gold Bulls unable to break through resistance

2012-02-06T09:53:00.000-08:00

Today’s payrolls number, something which I might add is more akin to an Alice in Wonderland creation, was the factor responsible for the selling in both gold and in silver. The thinking was that if the economy is gathering steam at such a fast clip as the numbers suggest, then any notion of additional QE3 is a pipe dream. That means no Dollar debasement and little to fear on the inflation front so out came the sellers in the gold market. It also did not help the bullish cause that the market failed at a critical technical resistance level.

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Bernanke Lends Support to Gold Prices but strong US jobs data sees Gold slip from 11 Wk High

2012-02-06T09:48:00.000-08:00

Dollar Gold Prices fell back below $1750 per ounce while stock markets jumped higher immediately following the release of better-than-expected US jobs data on Friday.

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Global Gold Production Stuck in Sluggish Mode

2012-02-06T03:14:00.000-08:00

RECENTLY PUBLISHED data from the US Geological Survey show that global Gold Bullion production, after falling every year between 2001 and 2008, finally rose for the past three years, writes Gregor Macdonald.

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Euro Gold comments

2012-02-06T03:09:00.000-08:00

Once again, as has been the recent pattern in the gold market, gold priced in terms of the Euro, or “EuroGold”, is putting in a very strong showing in today’s trading session. If you note on the weekly chart, it has moved to within about 32 euros of its former all time high in price. Many traders/investors may be dismissing European Sovereign debt issues, but the gold market certainly has one eye on it.I want to see how this market acts now that we are moving into these regions as this will be a decent barometer of sentiment towards the woes surrounding Europe. Any further escalation of issues associated with those problems will carry this market to the all time high. The flip side becomes if traders feel that the worst is over and is behind them.

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Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

2012-02-06T03:03:00.000-08:00

The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around.

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Gold Price volatile, Indian & Chinese Gold demand rises

2012-02-06T02:52:00.000-08:00

The Gold Price slipped 0.5% from a new 8-week high Thursday lunchtime in London, while global stock markets stalled after a 3-day rise and commodities also pulled back.

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The Gold Price Recovery

2012-02-02T11:04:00.000-08:00

We know gold is in a historic bull market because: A) Western governments have taken on huge debts and unfunded liabilities that cannot be paid back with sound, honest money ("real money," gold, rises as a result). And B) the relatively poor countries of Asia are growing richer. They have a centuries-old cultural affinity for gold and silver. And they are buying huge amounts of gold. Continue reading on www.goldsilverwebsites.com

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Mining Stocks Yet to Go Up Decisively

2012-02-01T12:37:00.001-08:00

According to Goldman Sachs, gold provided the best returns of all commodities in the past five years when adjusted for volatility and says the rally will continue as options traders signal no change in the metal’s relatively low risk.The Bloomberg Riskless Return Ranking shows the Standard & Poor’s GSCI Gold Total Return Index produced a 6.5 percent risk- adjusted return in the five years that ended last week, the highest among 24 commodities tracked by S&P, data compiled by Bloomberg show. Silver, the next-best performer, yielded a risk-adjusted gain of 3.1 percent, while a total-return index for all raw materials slipped 0.2 percent.

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Great Deals on Gold and Silver

2012-02-01T12:33:00.000-08:00

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. “Gold is way too cheap,” he tells The Gold Report in this exclusive interview.

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Gold Chart

2012-02-01T12:32:00.000-08:00

Gold bulls breached resistance at $1750 but have been unable to keep the market ABOVE that price. That will be necessary for them to set up a run towards $1775- $1780 where a major upside resistance level is located.

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‘January Barometer’ gives green light to stocks

2012-02-01T12:17:00.000-08:00

Though precious metal struggled yesterday to overcome important resistance levels on the price charts, overall January was a good month for gold, silver and the companies that dig these metals out of the ground. The HUI Index of leading gold and silver mining companies gained 3.6% over the course of the month – an encouraging, albeit modest, change of fortune when compared with the poor year that these stocks had over the course of 2011. Continue reading on www.goldsilverwebsites.com

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Rumours about Iranian oil-for-gold programme persist

2012-02-01T12:09:00.000-08:00

Despite official denials by the Indian government, rumours are spreading that India and China are planning to use gold to pay for future purchases of Iranian crude oil. According to unconfirmed speculation, the Indian government is planning a swap agreement with Iran which will assure future deliveries of Iranian crude oil to be paid in gold and Indian rupees. At the end of 2011 the US imposed an embargo on Iran, which was endorsed by the European Union last week. India and China are two major Iranian crude oil importers. Both states purchase roughly 30% of yearly Iranian production, amounting to a total of US$30 billion. Should these persistent rumours be true, gold could experience a renaissance as a global currency. It would also undermine the sanctions imposed by the US and the European Union. Continue reading on www.goldsilverwebsites.com

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Investors buying Gold, stocks and euro as report confirms soft landing for China

2012-02-01T12:05:00.000-08:00

Dollar prices for Buying Gold rose to $1750 per ounce Wednesday morning in London – their highest level since early December – while commodities gained and stock markets surged following a raft of better-than-expected manufacturing data.Prices for Buying Silver rallied to $34.01 – though they remained below yesterday’s high.US Treasury bond prices fell meantime, while the Euro rallied 1.3% against the Dollar.“Buyers have returned to the Euro, which is helping the situation in gold,” says Ole Hansen, senior manager at Saxo Bank. Continue reading on www.goldsilverwebsites.com

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How Savings Accounts Became Rubbish

2012-02-01T02:21:00.000-08:00

BEFORE the late 18th and early 19th century, there was no facility for most people to save. Banks did not accept small deposits and had no interest in anyone but the rich. Although building societies existed then, their purpose – as the name suggests – was to finance the building of houses, writes Jason Riddle ofSave Our Savers.

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Video – Breaking News Ellis Martin Report with Jim Sinclair

2012-01-31T15:49:00.000-08:00

A special unedited phone interview with legendary Jim Sinclair, about a very special situation taking place right now. The interview takes half an hour and you need to pay some attention to understand everything, but honestly it’s so important that everyone who is invested, should listen to it.

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Gold knocking on the door of resistance at $1750

2012-01-31T15:41:00.000-08:00

One thing in particular that really stands out to me in today’s trading session is the resilience of the gold market even as the safe haven trades were being put back on by a decent sized contingent of traders. The Euro got knocked down about 50 points and the US Dollar saw a pop higher as traders were expressing signs of nervousness over both Greece and now Portugal. Additionally, the long bond rallied up nearly a full point and is once again at the top end of a trading range that is now three months in duration.

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Gold Bullion Headed for Biggest Monthly Gain this Century

2012-01-31T15:36:00.000-08:00

Gold Bullion prices were headed for their biggest calendar month gain this century by Tuesday lunchtime in London.Gold Prices hit $1745 per ounce – just shy of 14% higher than the Dollar Gold Bullion price set at the last London Fix of 2011. By this measure, January 2012 looked set to record the fourth-largest calendar month gain in the last three decades, and the biggest since September 1999, the month that saw the signing of the Central Bank Gold Agreement, which limited the sales of Gold Bullion by signatory central banks. Continue reading on www.goldsilverwebsites.com

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What is euro gold telling us ?

2012-01-31T15:21:00.001-08:00

Gold priced in terms of the Euro continues to be most impressive on the chart as it creeps ever closer to its all time high. This move upwards is a visual telegraph that there remains deep-seated concerns over the European sovereign debt situation, especially on the Continent itself, in spite of the recent euphoria over “free money” for the next two years.

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Junior Gold Stocks Rebound from Lows

2012-01-30T12:39:00.000-08:00

The junior sector had a very difficult year in 2011 but has led the recent recovery (at least statistically) in the precious metals sector. Two of our favorite exchange traded funds, GDXJ and ZJG.to are up 30% and 25% respectively. That exceeds GDX (large caps) which has rebounded 15%. These are significant gains but barely put a dent in the low valuations for the sector. Ratio analysis shows us how undervalued the smaller gold stocks are yet an examination of history shows this is not out of the ordinary at this point in a bull market.

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Why Gold Is Shining Bright & What the Fed is Doing

2012-01-30T12:32:00.000-08:00

Underpriced Precious Metals Juniors Due to Move in 2012

2012-01-30T12:27:00.000-08:00

After a tough year in 2011, there is definitely a good selection of underpriced junior resource stocks available for astute investors to focus on before the rest of the herd finally wakes up and smells the gold. In this exclusive interview with The Gold Report, Matthew Zylstra, mining analyst at Northern Securities, reviews the gold, silver and PGM markets and tells us why he believes that better times are ahead for junior miners in 2012, and which ones he particularly likes at current price levels.

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Greek crisis close to climax, gold & silver price fall slightly

2012-01-30T12:18:00.000-08:00

Markets have been hit by another bout of selling this morning as Europe prepares for what could be a crunch week in terms of the continent’s debt crisis. As reported at The Telegraph, Greece’s prime minister Lucas Papademos warned last night that his country faced “the spectre of bankruptcy and all the dire consequences that entails”, while the weekend also saw calls from German economy minister Philipp Rösler for stronger “monitoring” of the Greek government’s finances. Unsurprisingly, Greece’s Finance Minister has rejected this, describing it as undermining his nation’s “national identity and dignity”. Continue reading on www.goldsilverwebsites.com

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Chinese are buying Gold “like cheap cabbage”

2012-01-30T12:10:00.000-08:00

The wholesale market cost of Buying Gold rose to $1728 per ounce Monday morning in London – down slightly on last week’s close – while stocks, commodities and the Euro all fell and government bond prices gained as European leaders met for their latest summit in Brussels. The cost of Buying Silver fell to $33.08 at one point – a 2.6% drop from where it ended last week. Continue reading on www.goldsilverwebsites.com

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Gold Prices in 2012: miners bullish on gold’s outlook

2012-01-30T12:01:00.000-08:00

This is bullishness on Gold Prices in the 2012 GoldPrice Report from Pricewaterhouse Cooper (available to download here). But the report also outlines many of the head winds facing producers, such as rising costs, falling stock prices and the pressure to pay more dividends in order to attract investment capital. PwC partner John Gravelle, who is the company’s mining industry leader for the Americas in its Toronto office, shares his thoughts in this interview with Hard Assets Investor. Continue reading on www.goldsilverwebsites.com

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The Fed, the S&P 500 & Why Gold Is Shining Bright

2012-01-29T14:52:00.000-08:00

Well here we are, caught between resistance in the S&P 500 around the 1,330 area and support around the 1,300 price level. My last two articles have discussed why I was expecting a top in the coming days and weeks ahead, but prices just continued to work higher.

One of the things that I pride myself in as a person who trades and writes about financial markets in public is that I am always honest. If I blow a call I fess up and admit it. When I have made mistakes in the past, I always try to learn something new from them and I discuss losing trades publicly with readers and members of my service.

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The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

2012-01-29T14:43:00.001-08:00

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck. This year is supposed to be even more auspicious since it’s a Water Dragon year, something that occurs once every 60 years. We admit that we don’t yet use the Chinese Horoscope as a technical indicator, and who knows, perhaps we should. One thing is certain—the Year of the Dragon began with an auspicious move for precious metals. The dragon that breathed fire into precious metals prices was the Federal Reserve which announced this week that it is planning to keep interest rates at rock bottom for some years and hinted at further economic stimulus measures. Gold prices hit 6-1/2 week highs on Thursday as stock markets, commodities and the euro all rallied. This followed Wednesday’s biggest one-day rise in three months after the Fed said it might consider further monetary easing through bond purchases (creating fiat currency out of thin air) and pushed back the likely timing of an eventual interest rate hike to late 2014.

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Is It Time to Get into Gold Junior Mining Plays?

2012-01-29T06:01:00.001-08:00

Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.

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Money Flowing back into Commodities

2012-01-29T05:21:00.000-08:00

Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the Fed keeps interest rates so low that money is free. This is the perfect environment for the wild-eyed speculator, especially the hedge fund types, who ADORE LEVERAGE and will shove as much money as they can wrap their fingers around into the commodity sector in anticipation of inflationary price rises.

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Some notes about HUI gold stocks index

2012-01-28T08:08:00.000-08:00

We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today’s session. I am not sure of the reason but whatever it is, the result is that the mining shares are finally seeing a strong bid in comparison to the broader equity markets.

As most gold mining shareholders have been all too painfully aware of by now, the mining shares have been lagging the broader market for the last 6 months or so now. Notice the peak last summer and the progression lower, particularly at the end of last year.

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Gold regains half of its losses from the record peak price

2012-01-28T08:07:00.000-08:00

Technicians make a big deal out of the 50% Fibonacci retracement level due to the psychological implications of that level in the minds of traders, both bulls and bears. Generally speaking, those who have been on the wrong side of a trade and who have very deep pockets, will oftentimes allow the market to continuing moving against them while they wait for the inevitable price retracement, either higher or lower depending on which side of the market that they are on.

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Euro Gold right at Resistance level

2012-01-28T08:06:00.000-08:00

Take a look at the following chart of gold priced in Euros, or “Euro-Gold” as I prefer to term it. I have mentioned here and on some of my KWN Weekly Metals Wrap that this chart is one that all gold traders must continue to reference if they are to get a proper handle on the technical aspects of this market. The reason for this is that the issue most shaking the gold market during the “risk off” trades was the mess in the sovereign debt situation of many countries in the Euro-Zone.

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Gold ETF Mass Exodus

2012-01-28T08:04:00.000-08:00

Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory. One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the notion that there would be widespread liquidations in the flagship GLD gold ETF, a mass exodus of capital.

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Fed’s zero interest rate policy could affect GDP and gold’s price

2012-01-28T08:03:00.000-08:00

Both the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the banks, and the Fed for reasons (despite explanations) that are not entirely clear. The Fed in its press release announced that it expected interest rates to “warrant exceptionally low levels for the Federal Funds Rate at least through late 2014.” The fact that the central banks governing the two most important currencies in the world are issuing money to all-comers at very little interest cost for up three years has not been lost on gold and silver, whose prices shot up in response to the Fed’s announcement. Continue reading on www.goldsilverwebsites.com

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Central banks’ determination to inflate

2012-01-28T08:01:00.000-08:00

Gold and silver moved further up the price chart yesterday, with the most-actively traded Comex gold contract (February) gaining $26.60 (1.6%) to settle at $1,726.70 per troy ounce. Silver for March delivery gained 62 cents (1.9%), settling at $33.74 per troy ounce. The HUI Index of gold and silver mining stocks put in a good showing following the FOMC news on Wednesday and continued higher early in the session yesterday. However, later on yesterday the shares faltered, which as some analysts have pointed out could be a sign that hedge funds lack confidence on the sustainability of this latest risk rally. Continue reading on www.goldsilverwebsites.com

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Gold closed week with biggest weekly gain in 8 weeks

2012-01-28T07:59:00.000-08:00

Spot market Gold Prices looked set for their biggest weekly gain since early December on Friday, rallying back above $1720 per ounce – a gain of over 3% on the week. Silver Prices meantime hovered around $33.60 per ounce – 4.2% up on last week’s close – while other commodities and stocks were broadly flat and US Treasury bond prices slipped.

A day earlier, Gold Prices hit a 7-week high at $1730 per ounce before easing in Friday’s Asian session. Continue reading on www.goldsilverwebsites.com

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Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies

2012-01-28T07:57:00.000-08:00

At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting. They pledged to come up with economic salvation. Immediately the equity markets mounted a year end “Halleluyah” rally. Bernanke followed Europe’s footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014. Continue reading on www.goldsilverwebsites.com.

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Yesterday’s Gold Chart – updated

2012-01-26T00:42:00.000-08:00

Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the market encountered bullion bank selling originating at $1680. The FOMC made that a mirage as a zero interest rate environment for the next two years means an environment in which it pays to own gold. The yellow metal pays no interest but at this point, neither do short term Treasuries and those offer no protection from currency induced price increases. Just look at what is occuring across the commodity sector today as hedge funds now push the price of food, energy and metals in a northerly direction. Forget about tame inflation - that just vanished.

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Peter Schiff on yesterday's action in gold & silver : The real state of the Union

2012-01-26T00:36:00.000-08:00

Peter Schiff explains in this video what yesterday's announcement of US Fed really means and why gold & silver soared with the news.

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Jim Sinclair about yesterday's action in gold & silver: mainstream entities will now enter gold market

2012-01-26T00:32:00.000-08:00

With gold and silver exploding to the upside on the Fed announcement, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair told KWN he now expects mainstream entities to enter the gold market. Here is what Sinclair had to say: “Today is an important day. There are many days we talk but this is a mile-marker. What the Fed did today is they turned on the light of what will be QE to infinity. Today the light went on with regards to the intentions of the Fed. They did that for very specific reasons, we have troubles people can’t see and this is one of the ways out.”

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Fed Announces Record Low Interest Rates Until Late 2014 and Commodities Soar

2012-01-26T00:28:00.000-08:00

Presently we notice the European Central Bank is pumping money into the sovereign institutions following the precedent of the U.S. Federal Reserve. Indeed, this move is an admission that debt is being monetized before our very eyes. Once again the lemmings have jumped off a cliff into what they mistakenly thought was a safe haven. Isn’t that the name of the game, which is to get you to swing at the wrong pitch at the wrong time? As we write, the Federal Reserve has announced the expansion of the future horizon of record low interest rates from mid 2013 until late 2014. This rally from October 4th, 2011 is continuing surprising many who have been waiting for a pullback to reenter. Continue reading on www.goldsilverwebsites.com

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Another Chance to Sell Common Stocks and Buy Precious Metals

2012-01-25T13:53:00.000-08:00

It has been a tough last year for precious metals investors but not so much for common stocks. Sure, the Euro crisis benefited Gold initially but as the panic has abated, stocks are rallying back to their highs while Gold has sold off and the gold stocks are trying to hold their lows. What is going on? Are we in the twilight zone?Bull and bear markets are long lasting, providing ample time for trends and counter trends to continually reappear and redevelop. The long-term activity of precious metals and common stocks is not a mystery. Gold has continued to hit all-time highs while the gold stocks eclipsed and maintain 2008 highs as support. Yes, common stocks are rallying but are nowhere close to seriously testing 2008 highs. Recently, we noted a potential major bottom in both the metals and the mining stocks. With common stocks nearing major resistance, it is no surprise that we are nearing a point where the secular bull trend is ripe for reemergence.

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'Mania' in Junior Mining Stocks Predicted

2012-01-25T13:34:00.000-08:00

Fayyaz Alimohamed, CEO of Altair Ventures Inc. and publisher of the Acamar Journal, offers historical perspective and predictions on the global economic crisis. In this exclusive Gold Report interview, he foresees a "mania" in junior mining stocks and recommends holding physical gold outside the banking system as a safety net.

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A Swiss Signal to Buy Gold

2012-01-25T13:30:00.001-08:00

world's best strong-currency advocate. It has a long tradition of backing its paper money with gold.

In August, the bank made an extraordinary and uncharacteristic decision. Hildebrand decided to cap the value of the Swiss Franc by deliberately devaluing the currency against the Euro and announcing that the value of the Swiss Franc would never be allowed to rise above a certain point. This immediately eliminated the Swiss Franc as one of the world's few remaining "lifeboat" currencies. Its value plummeted against the Dollar. Continue reading on www.goldsilverwebsites.com

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Gold is money?! Indians to pay for Iranian oil with gold

2012-01-25T13:26:00.000-08:00

Markets enjoyed another “risk on” day yesterday, with stock markets and commodities all recording gains on the back of a weakening US dollar. The Dollar Index fell below 80, with the gold price also benefiting from increasing brinkmanship between Iran and western nations, with the European Union announcing the implementation of an embargo on Iranian crude oil.

Comex gold futures for February delivery gained 0.9% to settle at $1,678.30 per troy ounce. Silver for delivery in March gained 1.9% to settle at $32.27 per troy ounce – another solid day for the white metal, though it keeps banging up against selling resistance around $32.50. Continue reading on www.goldsilverwebsites.com

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Dollar’s Influence on Gold

2012-01-25T13:20:00.000-08:00

In our previous essays, we emphasized that the long- and short-term trends for gold are up. In today’s article, we will feature the current situation in the USD and Euro Indices and in the general stock market. After analyzing each of them, we will move to implications for the precious metals investors.

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Fear Index shows that gold is undervalued

2012-01-25T13:12:00.000-08:00

The year 2011 ended on a very weak note for the price of gold, which tested support near the lowest levels since August as the precious metal slid below $1,550. This movement even drove the GoldMoney Fear Index below 3% as US M3 continued to rise, surpassing $14.4 Trillion. The downward path of gold since the September highs immediately prompted cries that the "bubble was bursting" from every corner of the financial press. They could not be more wrong. Continue reading on www.goldsilverwebsites.com

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Today's gold chart

2012-01-25T13:05:00.000-08:00

Author: Trader Dan, specialist in commodities trading

Published on www.goldsilverwebsites.com

Gold, Gold Mining Stocks and the S&P 500

2012-01-25T12:58:00.000-08:00

The Eurozone crisis benefited Gold Prices initially but as the panic has abated, stocks are rallying back to their highs while gold has sold off and Gold Mining stocks are trying to hold their lows. What is going on? asks Jordan Roy-Byrne at The Daily Gold. Are we in the twilight zone? Bull and bear markets are long lasting, providing ample time for trends and counter trends to continually reappear and redevelop. The long-term activity of precious metals and common stocks is not a mystery. Gold has continued to hit all-time highs while the gold stocks eclipsed and maintain 2008 highs as support. Continue reading on www.goldsilverwebsites.com

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Gold Chart and comments

2012-01-23T15:10:00.001-08:00

Gold has made it into a formidable resistance level near $1680 which has served to bring out some heavy selling, just as expected seeing that a breach of this defensive line by the bulls will set the market for a run to $1700 and higher. Gold bears can read the charts just as we can and understand what will bring in the momentum buyers if they fail to hold it here. Continue reading on www.goldsilverwebsites.com

Silver bulls' confidence growing

2012-01-23T14:48:00.000-08:00

In response to the general positive trend at the global markets, the Indian futures markets has recorded significant gains in the silver price. At the Mumbai Multi Commodity Exchange, silver futures for March delivery climbed 1.28% (close to 700 rupees) to 56,260 rupees per kilo. Market observers expect that the Indian silver price will continue to rise as central banks move towards further stimulus measures. Continue reading on www.goldsilverwebsites.com

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Silver runs right into a Resistance Zone and then halts

2012-01-23T14:42:00.001-08:00

Just as if on clue, Silver bulls came out of the gate bucking high and hard but were unable to throw the bears who have dug in at the exact spot on the chart which says they should.

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Look for Gold Juniors with Theme-Changing Catalysts

2012-01-23T14:41:00.001-08:00

Annie Zhang, an analyst with Toronto-based investment bank Octagon Capital, is expecting some good stories to come out of Argentina and Canada this year. In this exclusive interview with The Gold Report, she targets several exploration and near-term producing companies with burgeoning results on the horizon. Continue reading on www.goldsilverwebsites.com