Market Commentary

  • The Panic In Needle Park

    March 07 2012 11:55 AM

    Gold traded at a month-and-a-half low on Tuesday and its 50, 100, and 200-day moving averages were all either touched and/or demolished amid a fresh bout of heavy selling by speculators of the institutional ilk. More on that phenomenon, later. After touching a low near $1,662 the yellow metal closed in New York at the $1,674 spot bid level, down about $32 per ounce. In news from the world of gold fundamentals (still largely ignored), we reported the other day that Aussie output was flat year-on-...

  • Bernanke Spooks Gold

    March 07 2012 10:09 AM

    This past week, gold and silver experienced one of their steeper drops in recent months. After gold had touched a four month high, and silver came close to a six month high, prices abruptly reversed course. By the end of the week gold had sold off more than 5 percent, and silver was down almost 10 percent (down 6.5 percent on Leap Day alone). Often, such sudden price falls create downward momentum. And it looks as if that may be the case this week. Thus far this week silver has dipped 3 percent....

  • Despite Another Engineered Sell-off in the Gold Market, Nothing has Changed Regarding the Fundamentals

    March 06 2012 11:22 AM

    Gold prices slipped below $1700 an ounce on Monday after China lowered its economic growth target and data on business activity in the Eurozone showed a contraction in the region.

  • The Gold Bubble Debate And The Flash Crash In Gold

    March 05 2012 9:47 AM

    The flash crash in gold that occurred on Wednesday seemed to have as much logic behind it as the infamous stock market flash crash of May 6, 2010 when the Dow Jones quickly plunged 1,000 points for no particular reason.

  • Gold Set to Rally

    March 05 2012 9:44 AM

    Bulls out weight Bears on the price of Gold. Gold prices have further room to rise as more Bullish reasons than Bearish reasons give the precious Yellow metal support, said a leading Canadian economist Sunday.

  • Gold Downside Targets and Manipulative Excuses

    March 05 2012 9:34 AM

    When a roller coaster plunges it’s gut-churning, heart-racing, blood curdling, in a word--petrifying.

  • Gold-Mining Margins 2

    March 02 2012 4:41 PM

    The history of gold mining has been well-documented for thousands of years.

  • What Is Google Trends Telling Us About Gold?

    March 01 2012 1:13 PM

    It has been some time since we last looked at what Google Trends can tell us about the future price of gold.

  • The Gold and Silver Report - Punch-Drunk

    March 01 2012 11:26 AM

    Precious metals opened with gains this morning as market participants were hard at work trying to repair at least part of the substantial damage that was incurred on Wednesday. A knee-jerk reaction was to be expected after such a rout, but there is still apprehension in the pits related to margin calls, a change in open interest, and the upcoming slow seasonal period in gold (extending up to May/June). Ironically, the plunge in gold came on the same day that Mr. Ahmadinejad's regime w...

  • Gold and Silver Report - Buy the Rumor, Sell the Fact. Lather, Rinse, Repeat.

    February 29 2012 12:32 PM

    The ECB doled out more than $700 billion in loans to over 800 banks this morning in what may have been its last gesture of 'kindness' for a long time to come. While many are calling the latest ECB operation as a liquidity injection that smacks of an outright gift, we would be wise to note that the amounts in question are loans and that they have a three-year shelf-life. More importantly, it still remains to be seen if the banks will sit on the money like the Emperor penguins they h...

  • Massive Intraday Selloff Brings Best Buying Opportunity of the Year

    February 29 2012 12:21 PM

    Gold opened steady this morning before plummeting more than $70 per ounce in late morning trading. Silver’s correction lagged behind by about 30 minutes, but soon caught up as the metal shed nearly $2.50 per ounce. All of this happened in less than an hour.

  • Dollar Alternative Anyone?

    February 29 2012 9:03 AM

    Countries around the world have been actively seeking ways to not do business in dollars for the past few years. The U.S. dollar is the so-called world reserve currency, but the big question is for how long?

  • Why U.S. Gov’t Confiscated Gold in 1933. Can it Happen Again?

    February 29 2012 8:54 AM

    More and more investors are asking this question. Many observers and commentators have ridiculed this idea as archaic with the conditions that led to the confiscation being so different as to leave such a possibility as remote as the return of the dinosaurs.

  • Is the Rise In Uranium Miners Forecasting a Near Term Supply Shortfall?

    February 28 2012 11:04 AM

    We have constantly advocated investments in uranium mining(URA), particularly in friendly jurisdictions such as North America.

  • Small Cap Gold Stocks Successfully Retest 2010 Breakout

    February 28 2012 11:00 AM

    When one speaks of gold stocks they should be more specific as the sector is diverse.

  • Is the gold price setting up for a big move in March?

    February 27 2012 3:50 PM

    With the end of the month coming on Wednesday there are some important trading levels to watch for which should give us a good indication of what’s in store for the gold price during the month of March.

  • Gold Remains The Best Alternative To Paper Money

    February 27 2012 9:32 AM

    Two examples of the frustrations that some gold investors have gone through in the past year offers a valuable lesson to long term gold investors.

  • Silver to Gold, “Whither Thou Goest…”

    February 27 2012 9:08 AM

    One can only be impressed by the ascendancy of silver price lately.

  • An Undervalued Gold Stock That Could Double In Price

    February 24 2012 11:37 AM

    Leveraged earnings gains from rising gold prices have historically resulted in gold stocks outperforming gold bullion.

  • Gold Stocks Nearing End of Wall of Worry Stage

    February 24 2012 9:35 AM

    Over the past few months we’ve analyzed gold stocks from a historical perspective.