Gold Price Set for Weekly Gain – Bullish Counterattack – Gold Analysis Update Gold Analysis 18th May 2012 – Bullion Vault – Gold Prices rallied in Friday morning’s London trading, climbing as high as $1594 per ounce after jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of…
Gold Technical Analysis Update – $1530 Area Support Holds A look at the Gold chart below shows price has indeed found support within the previous demand zone we highlighted in our last gold analysis update as a major technical area for Gold. We expect price action in this area to be key and a break…
Gold Bubble? – No Says Marc Faber Marc Faber, who is the focus of this article on Gold has a reputation for being a contrarian investor and studied Economics at the University of Zurich where he obtained his Ph.D. Faber is a frequent speaker on various forums and has made many appearances on the television…
S&P 500 Technical Analysis Update The SPX (S&P 500) dropped yesterday for the 5th consecutive trading day. The Nasdaq has likewise seen strong downside pressure as a decline was experienced for large-cap tech shares. The S&P index has fallen 3.31% so far this week and 6.7% in the month of May. Volatility is not expected…
Why Greece Can’t Afford to Stay in the Euro The Greeks have now made a €430 million payment to creditors but the bearish market sentiment remains. The euro/dollar exchange rate trading close to the weekly lows and the dollar index up on the day as the “flight to safety” continues and trading close to multi-year…
Gold Price Jumps, Halves This Week’s Loss as Eurozone Stocks Slump Again, Chinese Demand Moves to Outstrip India – 17 May 2012 Guest post – Gold news and analysis from Bullion Vault The Gold Price jumped Thursday lunchtime in London, halving this week’s 3.3% drop to 5-month lows against the Dollar as the Euro slumped…
How Central Banks Are Delivering A Financial Repression Article from MONEYMORNING – Central Banking – This article from money morning looks at central banking and looks at what would potentially happen if there were no central banks. 16th MAY 2012 - Imagine you are one of two people playing Monopoly. While you follow the rules religiously,…
“Gold’s Next Target is $1522″, But Asian Dealers See “Sudden Surge in Demand” for Physical Gold Bullion Gold news, commentary and guest analysis update for the 15th May 2012 – Gold Bullion prices fell below $1550 per ounce for the first time since December on Tuesday – a 7% drop from the start of the…
The Case for Higher Gold Prices Diane Alter from Money Morning (USA) look at “The Case for Higher Gold Prices” as the precious metal descends towards recent range lows on safe haven flows to the dollar. Article from MONEYMORNING on the 15th MAY 2012 Gold prices had gold bugs giddy in the fall of 2011….
Oil and the Death of Greece Further talks are due in Greece as Athens scrambles to secure a workable government after the inconclusive recent elections. This article gives an opinion and looks at the potential affect the Greek political instability is having on Oil as political turmoil shakes global markets. Article from MONEYMORNING on 15th…
Gold Bull Market “Not Over” But Gold Futures Show “Disconcerting” Bearishness as Greece Faces June Deadline – 14 May 2012 BULLION and Gold Futures prices dropped further again Monday morning, losing 1.3% to hit $1560 per ounce in London trade as commodities, world stock markets and the Euro currency all sank once more amid a…
Investors Need to Know The Financial World Has Changed Article from MONEYMORNING – 14th MAY 2012 Investors need to accept the fact that ‘the game as we have all known it appears to be over’, says US investor Bill Gross. The co-founder of the world’s biggest bond fund, PIMCO, reckons that investors need to change…
Interest Rates MUST Go Up, Right? This guest article covers interest rates and questions the general perception that they need to go higher soon from the current historic lows. The article is from Dr. Steve Sjuggerud mutual-fund VP/hedge-fund advisor and founder/editor of True Wealth. which was launched in 2001 and is one of America’s most-followed…
Gold Technical Analysis Update 12th May Gold has reached the $1530 area previous demand zone which proved to be the range lows on two prior attempts to move to the downside for the precious metal. Spot market Gold Prices experienced a 3.5% weekly loss by close of trade on Friday as broad based U.S. dollar…
Dollar Strength “Making It Difficult” for Gold Prices to Rally, China “On Sidelines”, Indian Restricted to “Need-Based” Buying – 11 May 2012 Dollar Gold Prices fell as low as $1574 per ounce Friday morning – their lowest level since the first week of January – before recovering some ground, while stocks and commodities fell and…
Gold Analysis/News/Forecast – Demand to Buy Gold Needs Worse Crisis as Price Steadies Daily Gold Update – 10 May 2012 – Bullion Vault Prices to Buy Gold and silver held onto yesterday’s rally in London trade Thursday morning, nudging back above $1590 and $29 per ounce respectively on what dealers called “noticeably lower [trading] volumes.”…
Derivative Manipulation Hits the Crude Oil Market Article from MONEYMORNING on 9 MAY 2012 Friday, the price of West Texas Intermediate (WTI) crude oil, the benchmark oil contract traded on the NYMEX, fell 4% ($4.14). The one-day decline is the steepest since WTI fell 5.1% ($5.12) on January 3. The other major benchmark, London-set Brent,…
“Bearish” Gold Bullion “Opens Up $1522″ as Markets Ponder “Contagion” Effects of Greek Uncertainty – 9 May 2012 Gold analysis news update from Bullion vault – Dollar Gold Bullion prices dropped to a four month low of $1581 per ounce in Wednesday morning’s London trading – 3.7% down on the week so far – while…
Silver Hits 4-month Low, Gold Also Down, But India and China Demand Could Give “Key Support” for Gold Prices 8th May 2012 - Gold news and analysis - Bullion vault Prices fell to a two-week low of $1625 per ounce Tuesday morning in London – the first day of London trading since yesterday’s bank holiday – as…
Why It’s Time to Buy Gold In this article Dr Alex Cowie looks at, and gives his opinion on, the supply and demand factors currently affecting gold. There is a particular focus on the Indian and Chinese influence towards the price of gold. Is it time to buy gold? Why It’s Time to Buy Gold…
The Commodities Bull Market: Insights on Energy and Agriculture Article From MONEYMORNING, Despite the setback caused by the 2008 financial crisis, the commodities bull market rolls on. A short four years later, many commodities are trading at or near all-time highs. And thanks to huge swaths of the developing world moving up the ranks, the…
Gold Technical Analysis Update XAUUSD is trading near the lower trend line of a symmetric triangle pattern as can be seen on the daily gold chart below. A breakout below this consolidation area could see a continuation of the recent bearish price action. Longer term gold specs may be accumulating around current levels but short…
Gold Rally Brief after Weak Nonfarm Payrolls, Sterling Gold Prices Hit 2012 Low, Fed Interest Rates “May be Too Low” – 4 May 2012 Gold Prices spiked up to $1640 per ounce Friday following the release of disappointing US jobs data, though they remained over 1% down on last week’s close. Silver Prices also spiked…
Is Cheap Oil Coming Back? Some are predicting that new discoveries and improved technologies will cause oil prices to fall… ARE NEW energy discoveries and new technology going to sink oil prices? asks Bill Bonner in his Daily Reckoning. Will lower oil prices rescue the world from the Great Correction? Maybe, say Porter Stansberry and…
Why China Could Be The Next Destination For the Financial Crisis – 3rd MAY 2012 – In China, there is a steel company called Wuhan that has been diversifying into wine production and pig farming. There is also a shipbuilder, Yangzijiang, which is using the cash it gets as down payments on its ships to…
