Gold and silver moved downwards while precious metals stocks moved higher. This is the Great Global Gold & Silver Bull Market and the metals will move higher in each and every national currency. Both gold and silver are accelerating and the volatility can get much higher. When to buy / sell or just hold is highly dependent on who you are and what your style is. I'm just holding and buying the
Silver looks flaggy, have done some Elliott work with no final conclusion yet, but its hard to find a bearish wave count – If you get one please send it to me. On the broad view- it may be very hard to find an asset which has such a long term bullish formation like gold, on a second thought maybe silver if you discount liquidity. The gold market is entering a period of accelerated movements which
Persian Gold agrees Iran gold option dealMay 26, 2006 12:36Persian Gold, the Irish based AIM listed Iranian gold explorer, has agreed an option deal in the Chah-e-Zard gold project. This is located in Yazd, some 350 miles southeast of Tehran.If exercised, the option has an initial period of nine months and will allow Persian Gold to acquire a 70% interest in a new company to be established to
Gold and Silver Mining Stocks: GG, Gold Corp Inc. at 25% discount !Recommended gold related readings (If you have the time…) :Backfire On Corrupted Price Index By Jim Willie CBMonetary versus Non-Monetary Commodities By Antal FeketeTomorrow's Gold: Asia's Age of Discovery by Marc FaberJSMineSet.com Jim Sinclair’s Commentary Socionomics: The Science of History and Social Prediction Why do trends
Indian Bank to sell gold coins to boost profit006-05-25 17:15 By Ruchira SinghMUMBAI (Reuters) - Government-owned Indian Bank is hoping to set the slot machine ringing with the gold coin. In an attempt to boost business, the nearly 100-year old bank is stepping up retail sales of its recently launched gold coins, targeting a net income of 100 million rupees by the end of the fiscal year-
Refer to this post Gold @ new multi year highs... Good luck to all.Click on the chart below to enlarge:
Marginal [e] lower then [c] is obviously a given, important notice should be taken of this Fibonacci levels. As for buying, selling and holding recommendation: In general the fundamentals reasons to own gold and silver have not changed at all, they are just getting stronger. Intraday short term traders – good luck if you can challenge the volatility and catch the majority of the moves. Trading
CBOT Expands Silver Complex and Launches Full-Sized Silver Futures OptionsThe Chicago Board of Trade (CBOT) announced today it will expand its Silver Complex by launching a new options contract on its CBOT Full-sized (5,000 oz.) Silver futures contract. The new contract will trade exclusively on the Exchanges premier electronic platform from 6:16 p.m. to 4:00 p.m. (CST) and is scheduled to begin
Gold and Silver, metals and most commodities had relatively strong upward movement today. The Gold Silver ratio (XAU / XAG) = ~ 51.54, Dow / Gold = ~ 16.67, Gold / Crude Oil (Light Sweet Crude Oil Future July 2006) = ~9.35.Technically it is still unclear if the price of gold is headed for lower low ( [e] lower then [c] ) or else the bottom is in and higher highs will follow. For basic yet
I see a potential strong gold rally in the make. See Gold & Silver StocksClick on the chart below to enlarge:
BlueFlix (follows Elliott wave) said: "Gold fundamentals are there and getting stronger. But, in the intermediate term, gold may be correcting to its 200DMA..."Well I agree about the fundamentals part, as for the 200DMA (about 530$) I think It is very pessimistic view and gold will have to retrace the whole impulsive extensive wave since March low(~535$). off course [e] low (lower then [c]) might
Do you feel the concentrated efforts to scare the market and calm down speculation in all markets by authorities and international banks?To some degree Interests rates and short term liquidity can be controlled. however some of the market fundamentals can not be manipulated. Therefore it is still a good idea to look for trading and investment opportunities in all markets especially commodities
Little bit entertainment for the weekend, Eurovision 2006 Winner - Finland.Artist : Lordi (Finland)Song Title: Hard rock hallelujah Composer : Mr. Lordi Lyricist : Mr. Lordi
Gold, Commodities Blame Game? See this story : Zimbabwe Jan-April gold output tumbles by a thirdMUMBAI (Reuters) - Benchmark Asset Management Co. Pvt. Ltd. on Friday filed papers with India's market regulator for approval to launch an exchange-traded gold fund.In its initial offer document, Benchmark said the fund would track the domestic prices by investing in physical gold.Each unit of 'Gold
So it goes… needless to say the last trend line support did not hold and gold lost another 20$. Not that bad – Gold rallied almost 200$ in two month and now gave back ~38% of the move, on the positive side the price of gold closed just above the Fibonacci 38.2% support. Silver constructing a box formation. Both still present excellent buying opportunity in my opinion and higher prices will soon
Interesting story coming from Taiwan:2006/5/19The China Post staffTo melt or not to melt: That's the question.Well, it's the question of the day.What to melt?Small coins, of course, now that the prices of copper, nickel and aluminum have soared just as gold and silver did.Whether the melting has started in Taiwan on a scale large enough to cash in on the surge of metal prices is not known, but
The Gold Silver ratio (XAU / XAG) = ~ 53.72, Dow / Gold = ~ 16.31, Gold / Crude Oil future = ~9.77. Gold is down about 50$ since the most recent peak (~730$). The pullback is purely technical and the gold market fundamentals have not changed.Technically there is one last relevant short term trend line in place if it doesn’t hold then watch for horizontal support and Fibonacci lines. If I had to
It's easy to be bearish on the stock market with the sharp sell off the last few days and interest rate at 5 years high. However I think that the NASDAQ is close to a short term important bottom and a rally to new highs might surprise. In my opinion gold will continue to outperform the NASDAQ (as well as the other indices) but higher gold price will also allow the stock market to go higher. To
The gold price hit a bottom at ~674$ then rallied ~30$ , here is an Intraday spot gold chart with Fibonacci support lines , moving averages and trend line , there are numerous other technical indicators but I find this most useful. – this blog is focused mainly on the price of spot gold and silver , my other blogs are focused on commodities in general and gold , silver , metals mining stocks, If
I have annotated 4 hours spot silver price chart with Fibonacci lines and selected moving averages, (4 hours MA = ~ DMA/6; MA 60 = 10 DMA …). In my opinion silver is consolidating under the ~15$ long term resistance area , once the consolidation is over expect the silver price to rally toward the 20$ level.Long term silver charts TSX Group Announces Global Gold IndexPlatinum, Palladium, Rhodium,
Gold traders learned today what silver traders already know: under some market conditions and certain technical formations the gold market can do quick and sharp sell offs. The gold market is attracting more and more forex traders which are usually using high level margins (x10 , x20…). This sharp pullback has certainly cleaned some of the excessive short term gold speculations. Time will tell
Gold, Silver, Metals, Oil and most of the commodities experienced a sharp sell off today. Is this the end of the Gold, Silver, commodities bull market? – I don’t believe so!I do think that most if not all the commodities will head higher and one should concentrate on finding buying opportunities. This is exactly what I'm doing, adding to my positions from time to time when my free cash flow allow
The Gold Silver ratio (XAU / XAG) = ~49.85, Dow / Gold = ~15.94, Gold / Oil (Light Sweet Crude) = ~9.92. Here are Spot Gold (XAU) and Spot Silver (XAG) intraday charts annotated with moving averages, trend lines and Bollinger bands.Related : Global Gold Hedge Book Q1 2006Gold, Silver, Metals Mining Exploration & Political Risk reportsCrude Oil Futures (NYMEX: CL) ,USO (oil ETF) Charts
Gold is marching upward, showing great technical strength. This is the Great Global Gold Bull Market, The gold market is subject to very large and complex amount of psychology. Ignore any publication / observation / commentary which try to call a top for the price of gold – this is foolishness at best.No one knows how high the price of gold can go but the upside potential continue to be much
It was another good day for the precious metals complex investors. The Gold Silver ratio (XAU / XAG) = ~48.99, Dow / Gold = ~16.47, Gold / Crude Oil = ~9.79.Silver continue to consolidate just under the recent high, once the April high is taken the price of silver will face the 1983 high of around ~15$. The recent consolidation pattern will serve as good support in case of any pullback.Gold,
Beijing whispers push gold to $700By Ambrose Evans-Pritchard (Filed: 10/05/2006)Gold has surged to $700 an ounce for the first time in 26 years after Chinese economists suggested the country should quadruple its bullion reserves to protect against a falling dollar.Speculators have been alert to any sign that Beijing may be planning to switch a portion of its massive $875bn reserves into gold, a
At February 10, 2006 I posted that I see a pattern of inverted head and shoulders on the Gold / Oil ratio chart. Since then the gold / oil ratio moved higher, closer to the pattern price target of ~ 11.50. Oil and Gold both moved higher but gold have outperformed oil (gained more percentage). At April 14 , 2006 I posted an oil chart - New all time high for crude oil (WTI) , and indicated a price
Interesting Article:What Is Driving Up the Price of Gold?Emilie RutledgeLast week, oil has been trading at historic high prices, and oil futures on NYMEX have closed at over $75 per barrel. We have passed the northern winter spell, and have yet to move into the US driving or hurricane seasons. At this time of year, oil prices usually tend to dip in line with reduced demand, but this is clearly
Gold simply wants higher while silver consolidate at the 12.50$ - 14.50$ range.Platinum is already trading above the 1980 high.Gold Silver ratio (XAU / XAG) = ~ 48.81, Dow / Gold = ~ 16.93, Gold / Oil = ~9.73.Click on the charts below to enlarge:
Gold, Silver and other precious metals like palladium and platinum continue to show excellent performance. Gold cleared the 666$ mark with success that few predicted.Most gold market commentaries continue to try and explain the roaring price of gold with non direct gold market factors like the Iran conflict and the USDX weakness.It is reasonable to assume that the Iran issue does have some gold
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