Archive for the ‘Gold’ Category
The shine comes back to gold
We have had a number of folks on our blog asking us about upside targets in the gold market. Hopefully this short two minute video will answer those questions.
Our “Trade Triangle” technology flashed a buy signal on gold at $1,210.52 on August 12. Since that time the gold market has rallied some $15.
I think you’ll find this video on one of the most emotional markets in the world to be right on the money.
Please feel free to add your insights on this market in the comments section. Read the rest of this entry »
Gold Meltdown or Mania – Batten Down the Hatches
By Louis James, Senior Editor, Casey’s International Speculator
As Doug Casey said recently, we expect things to come unglued soon. With the ongoing madness in Europe, it seems to me that things are starting to look visibly less well glued already.
In contemplating the possibility of another stock market meltdown, it seems important to me that in spite of the exuberance with which investors rushed back into the market over the last year, the memory of 2008 remains vivid, tempering enthusiasm with caution. For example, the market still has relatively little appetite for early-stage, grassroots exploration projects; by our latest estimates, Mr. Market is willing to pay on the order of ten times more for Proven & Probable ounces in the ground than for less certain resource categories. With this evidence of caution in mind, and the great unwinding of the broader credit markets well underway, it seems likely that our sector is less leveraged than it was before the crash of 2008.
If a panic in the broader markets put liquidity-crunch-induced pressure on the gold price, the meltdown should be less severe than in 2008 and the eventual rebound could be dramatic, possibly triggering the mania we’ve been calling for.
What’s Up with Gold?
By Tim McMahon
I’ve told you in previous articles that Gold is primarily a crissis hedge rather than an inflation hedge meaning that it will do well in both an inflationary or deflationary market. The primary condition is uncertainty. At the moment the markets are getting complacent… they have factored in all the bad news and so gold is drifting lower. Some have suggested that gold has made a double top. Click here or on the chart below to hear some technical analysis commentary by Adam Hewison of Ino.com about the current condition of gold.
Central Banks Push Up the Gold Price
By David Galland, Managing Director, Casey Research
For some years now, Doug Casey has gone on record with his view that we’ll know the gold bull market is really picking up steam when central banks stop selling their reserves of gold and begin buying the stuff.
The following excerpt from a Wall Street Journal article titled “As Gold Hits Record, Central Banks in Focus” indicates that this is now happening… Read the rest of this entry »
World’s Biggest Gold Coin Sold
(Reuters Life!) – A Spanish precious metals trading company bought the world’s largest gold coin for 3.27 million euros ($4.02 million), its exact material worth, from the estate of an insolvent investment firm at a rare auction in Vienna on Friday.
The 100 kg (220.5 lb) piece, one of only five Canadian $1,000,000 Maple Leaf coins the Royal Canadian Mint has ever produced, was snapped up immediately in a written bid from ORO direct, a gold trading company based in Madrid.
Giant Gold Coin Sold at Auction
There were no counter offers in an auction room packed with more journalists than potential buyers. It sold for the catalog sum, the coin’s pure gold value based on Friday’s market price. This was four times its face value.
Global Gold Index
April 7, 2010
At Financial Trend Forecaster we are all about the trend. Over the last ten years there has been several big trends including the rise of gold and the fall of the dollar.
As the value of the dollar dropped against other currencies, I often wondered if gold was actually appreciating or if it was just that the dollar was falling. It is quite possible for the price of gold to rise in pace with the fall of the dollar but stay steady in comparison to other currencies. So the question arises “What would happen if the Dollar starts rising?”.
In this article, Adrian Ash of BullionVault answers that very question and shows us a very interesting chart of the price of gold based on a basket of currencies rather than just against the dollar. ~ editor
Global Gold Index – Higher Again
by Adrian Ash
The world’s money has lost almost 75% of its value against gold in the last 10 years…
We’ve SAID IT BEFORE, but we’ll say it again.
The bull market in gold starting 10 years ago is about much more than the Dollar – a fact that investors and savers worldwide might want to consider in 2010 if the US currency continues to rally. Read the rest of this entry »
At $1000 is Gold Expensive?
With Gold over $1000 and at all time nominal high prices many are wondering if Gold is overpriced.
If we look at the inflation adjusted price of Gold we see that even at $1000 it is still only about half-way to its all time highs.
For more information see Inflation Adjusted Gold Price .
But that is just one way to look at the price by comparing it to U.S. dollars. We could also look at its price in Euros or at what the price looks like to the people in China or India. And each of those are based on the values of their currency and how much they are inflating.
But a different way to look at it would be in comparison to the price of other commodities. Theoretically in an ideal world, if the supply of currency is inflating, then all commodities should increase equally.
But in the real world that isn’t true. There are inequalities partially because money doesn’t flow equally initially. Eventually it will even out as traders arbitrage high priced commodities against lower priced ones. Read the rest of this entry »
Canadian Gold Juniors Soar – Should You Buy Now?
By Jeff Clark, Editor for Casey Research
For years, gold bugs like Doug Casey and his team have been saying that once gold takes off to stratospheric heights, it will take the gold mining stocks with it. It’s called the “Mania phase” of the commodity bull market.
Has this time arrived now? Read the rest of this entry »
Why Gold hasn’t Skyrocketed… Yet
Editor’s Note: What’s holding Gold back? In this excellent video Adam shows us not only what’s holding it back but also when it will break out.
Just click the Gold Chart below to get started and while you are there sign up for their free newsletter or get their Free Instant Analysis delivered to your email inbox.
With the printing presses in full printing mode, many people are questioning why gold prices haven’t gone higher – much higher.
In Adam’s new video, he explains some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still in control of price action. Read the rest of this entry »
What is the Definition of “Spot Gold”?
Editor’s Comment: What you pay for gold often depends on the “Gold Spot Price” so what exactly is the Gold Spot Price? Terry Coxon explains…
Will the “Real Price” of Gold Please Stand Up-
What is the definition of Spot Gold? London Fix? Comex? etc.
By Terry Coxon, Editor, Casey’s Gold & Resource Report
Gold is traded around the clock and in so many places and in so many forms, ranging from the abstractions of futures contracts to the solid tangibility of rings and bracelets, that it’s not clear what the “real” price of gold is.
The question is more than a matter of curiosity, since many retail coin and bullion shops quote selling prices in terms of “spot plus X%” or “spot plus $Y.” When you talk to a dealer about buying a gold coin or gold jewlry, what exactly does he mean when he refers to “spot”? Read the rest of this entry »
