- Gold Market Headlines - |
 Wednesday Edition: February 22, 2012 |
Gold Seeker Closing Report: Gold and Silver Jump Higher in Late Trade
By: Chris Mullen, Gold-Seeker.com
Gold edged up to $1759.62 in Asia before it fell back to $1749.27 in London, but it then shot to as high as $1781.60 in early afternoon New York trade and ended with a gain of 1.12%. Silver rose to $34.351 in Asia before it fell back to $33.918, but it then surged to as high as $34.49 in New York and ended with a gain of 0.12%.
Herding Greek Cats from Bondage
By: Jim Willie CB
Listen to the empty words of the last bailout for Greece. Credibility with the Jackass was lost back on the third bailout, well over a year ago, out of the six bailouts in total. Perhaps it is seven comprehensive final bailouts. The pattern is clear. The politicians, without popular support, forge agreements on debt coverage with the Greek officials. The deals fall through, hit the ground, and expose the lack of support even from the European bankers, led by the Germans. The pattern has been vividly clear for over a year, enough for my dismissal of new accords right away on the basis that the German bankers will not conform and agree to the deals struck.
Gold Profits from World Turmoil
By: The Gold Report and Carlos Andres
Volatile markets. Natural disasters. Geopolitical turmoil. Last year was definitely one for the record books, according to Carlos Andres, managing editor and publisher of the Frontier Research Report. With the world in turmoil, is there any upside for mining investors? Andres believes there is for investors courageous enough to look past the perceived risk and snap up battered, but fundamentally sound, junior mining stocks. In this exclusive interview with The Gold Report, Andres talks about why historical data points to a breakout year for gold and perhaps gold shares.
Precious Metals Takeovers Push Share Prices
By: The Gold Report and James West
Even in an environment ripe for takeovers, finding and sticking with quality precious metals assets is the strategy that speaks loudest to James West, publisher of the Midas Letter. Read about his philosophical and practical switch from "trader" to "investor" in this exclusive Gold Report interview.
Kill or Cure: Quack, Quack!
By: Adrian Ash, BullionVault
"TREATING serious medical conditions often has unwanted side effects," said Charles Bean, deputy governor of the Bank of England and a doctor of economics, in a speech in Glasgow on Tuesday. "But, unpleasant as those side effects sometimes are, treatment is invariably better than the alternative. So it is with the economic medicine of low interest rates and quantitative easing."
Precious Metals Get A Technical Boost on Greek Bailout Plan
By: Dr. Jeffrey Lewis
Trading action in silver and gold were confined to a range as the Greek drama over obtaining the second 130 billion bailout from the so-called troika, IMF/EU/ECB continued. Even though the austerity measures which were a condition for the loan were approved in the Greek parliament on February 14th, the EU now wants to exercise more scrutiny before extending the money.
Charting Gold
By: Scott Silva
The charts are displaying new strength in gold and silver. We will see new highs in gold and silver this year. Its not too late to buy the precious metals at bargain prices. Technical analysis is a powerful tool for understanding the market for a traded good. Technical analysis employs time-tested techniques for predicting future price levels. The successful technical trader uses a combination of indicators to support the decision to take a long or short position in a given commodity. The planets are lining up in favor of another leg up in gold and silver. Lets examine what the charts are telling us about gold today.
GoldSeek.com Radio Gold Nugget: Richard Daughty & Chris Waltzek
By: radio.GoldSeek.com
GoldSeek.com Radio Gold Nugget: Richard Daughty & Chris Waltzek
Ben Graham's Curse on Gold
By: David Galland, Casey Research
It seems that the mainstream investment community only takes a break from ignoring gold to berate it: one of golds most outspoken critics, uber-investor Warren Buffett, did so recently in his latest shareholder letter. The indictments were familiar; gold is an inanimate object incapable of producing anything, so any investor holding it instead of stocks is acting out of irrational fear. How can it be that Buffett, perhaps the most successful (and definitely the most well-known) investor of our time, believes that gold has no place in an intelligently allocated investment portfolio? Perhaps it has something to do with his mentor, Benjamin Graham.
International Forecaster February 2012 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One of the things we learned in almost 30 years in the brokerage business is that self-regulation does not work. The players are simply too abusive, greedy and prove to take the regulations to the very edge. We saw that at MF global. All markets are rigged today. Twenty-five years ago perhaps 80% were rigged. The SEC and CFTC are well aware of this and in many cases aid and abet in the crimes. The crimes are too many to mention, but among the leading problems are complicity in front running and naked shorting. There is no such thing as an efficient market hypothesis. Just another phase to led you off into the forest.
The Fear of Gold
By: Jeff Berwick, The Dollar Vigilante
I was on a panel at the recent California Investment Conference in Palm Springs and the question was asked, "What percentage of your portfolio should be gold bullion?" The first panelist answered 20%. The second panelist said, up to 30%. Then it came to me. "I have no problem with someone having 100% of their portfolio in gold," I stated bluntly. Many in the crowd laughed. Their laughter confused me. What's so funny about that, I thought?
HUI Gold Bugs Index Big Picture Monthly View
By: Gary Tanashian
The nearer time frames generally look okay, with some caveats; notably including the over bought, over loved state for the broad US market. These time frames must be managed on an ongoing basis, but throughout all of the ups and downs, euphoria and agony, there is and has been the monthly chart and its Cup & Handle target of 1000, which has been active since 2010.
Why silver is the standout buy after the Greek deal
By: Peter Cooper
Whats been holding the price of silver below $34 this year? Its been the possibility of a disorderly default by Greece. Now that we have an orderly default, and what else is a 73 per cent loss for private bondholders, things have changed. But the price is very high. $170 billion is the highest sovereign debt restructuring in history. The ECB has made north of $1.5 trillion available to European banks. This is highly inflationary in the monetary sense and will be highly inflationary for consumers down the line.
Sandspring Resources Ltd. Identifies 7 Surface Gold Anomalies Within 15 km of Toroparu; Defining New Drill Targets for 2012 Exploration Program
By: Sandspring Resources Ltd.
Sandspring Resources Ltd. (TSX-V: SSP.V, SSPXF.PK) ("SSP" or the "Company") is pleased to announce results from its 2011 geochemistry exploration and mapping program for the Upper Puruni Property. Sandspring has identified seven surface gold anomalies within a 15 km radius of the Company's Toroparu Gold Deposit (see Figures 1 and 2), which currently contains NI 43-101 compliant measured and indicated resource of 6.03 million ounces gold grading 0.78 g/t, and an inferred resource of 3.97 million ounces grading 0.69 g/t (see the Company's Press Release of January 30, 2012).
Orex Provides Results for the First Diamond Drill Hole at Barsele, Sweden
By: Orex Minerals Inc.
Orex Minerals Inc. (REX: TSX-V, ORXIF.PK) (Orex) is pleased to announce the results from the first diamond drill hole of this first campaign, within the Central area of our Barsele Gold Project. The purpose of this initial drill hole is to confirm historic results in the Central Area of the project and to assess different analytical techniques that could yield higher gold recovery, as there is a potential nugget effect due to visible gold occurring frequently in the core. Full Metallic Screen (FMS) Assay as well as Fire Assay (FA) techniques have been carried out with the following results.
Midland Samples Up to 37.1% Iron and Acquired Strategic Iron Formation Land Holding in the James Bay Area
By: Midland Exploration Inc.
Midland Exploration Inc. ("Midland" or the "Company") (TSX VENTURE:MD, MIDLF.PK) is pleased to announce the recent acquisition, by map staking, of two important strategic land positions with a strong potential for iron deposits. The Montagne-du-pin and Guyer properties consist in a total of 374 wholly owned claims covering 191 square kilometers and are located along the Trans-Taiga road, James Bay. They are approximately respectively located 116 and 160 kilometres east of the Duncan iron deposit, south of Radisson, which is currently in joint venture between Century Iron Mines Corp. and Augyva Mining Resources.
Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
New York took the gold price up to $1,759 up $29 from yesterdays close. This was a bit much for Asia and London who pulled it back to $1,753 at Londons opening. The euro was relatively unchanged on yesterdays level of 1: $1.3228 at the opening in London. In London, gold Fixed at $1,754.75 and in the euro at 1,325.040. The euro was unchanged ahead of New Yorks opening. Gold went slightly weaker ahead of New Yorks opening with an unchanged euro after the Fixing. Ahead of New York gold stood at $1,753.90 and in the euro to 1.325.55.
New Greek Crisis "Biggest Risk for Gold", Bank of England "Has Left Door Open" for More QE, Goldman Sachs says "Long Gold Position Recommended"
By: Ben Traynor, BullionVault
U.S. DOLLAR gold prices held steady just off $1760 an ounce during Wednesday morning trading in London, after a rally in Tuesday's US session saw gold climb 1.3%. Silver prices softened slightly but held above $34 per ounce having through that level on Tuesday following the Greek bailout announcement. Stocks and commodities edged lower this morning, while government bond prices gained.
'Gold Bullion or Cash' Video Launched Today - Shows Why Gold Is Safer Than Cash In The Long Term
By: GoldCore
GoldCore, the international bullion specialist, today launched a video called 'Gold Bullion Or Cash'. It is an interesting and informative video made to educate people about gold bullion and why gold is safer than cash, such as dollars, euros and pounds, in the long term.
Tuesday Edition: February 21, 2012 |
Gold Seeker Closing Report: Gold and Silver Gain Over 2% and 3%
By: Chris Mullen, Gold-Seeker.com
Will the Greek Bailout Make Gold, Silver Rise or Fall?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
The Enduring Popularity of Gold
By: Frank Holmes
Inside The Surprise Zone
By: Stewart Thomson
The Arbitrageur: The Decline and Fall of Silver Backwardation
By: Keith Weiner
Inflation Held in Check by Fear
By: John Browne, Senior Market Strategist at Euro Pacific Capital
A repeat of 2008, only worse?
By: Steve Saville, The Speculative Investor
Buffet Mischaracterizes Golds Bull Market
By: Jordan Roy-Byrne, CMT
Commodities Poised For A New Rally
By: Justin Smyth
Rising gold got you down? Call the BIS at 1-800-RIG-MKTS
By: Chris Powell, Secretary/Treasurer, GATA
Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch
Default Threat "Will Keep Coming Back" in Despite Greece Bailout Agreement, Gold Trading Volumes Rise in London But Imports by India May Decline
By: Ben Traynor, BullionVault
Greece Debt Deal: "Kicking Giant Beer Keg Down Road Risks Destroying The Road"
By: GoldCore
Monday Edition: February 20, 2012 |
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