Time to scale into gold

September 2, 2014 at 13:29


Gold had a horrendous year in 2013 disappointing many of its supporters; however, 2014 started brightly bringing with it much hope for an attempt at achieving new record highs. Gold prices moved quickly from the $1200/oz level to flirt with $1400/oz by mid-March. The summer brought some confusion with gold rallying and falling without much in the way of conviction in either direction. As optimists we can argue that the summer doldrums arrived to take the steam out of the market and that better times lie ahead. The pessimists suggest that gold is struggling to gain some traction and will head lower in the near future, so we will take a brief look at some of the factors tha...

Indian physical demand seen high

September 2, 2014 at 13:20


Indian gold imports and premiums are likely to surge during the rest of the year as buying picks up for the wedding and festival season, the head of the country's biggest gold refiner said on Tuesday. Premiums could jump to $10-$12 an ounce over the global benchmark from the current levels of $4-$5, said MMTC-PAMP Managing Director Rajesh Khosla. Imports could climb to 60-70 tonnes per month for the rest of the year from about 40 tonnes in July, Khosla said, adding that August imports were probably around 63 tonnes. India has not yet released its trade figures for August. "Demand is expected to increase in the coming months as people start buying from September becaus...

Trading outlook for gold

September 1, 2014 at 14:47


old and silver futures reversed earlier gains during midday trade in Europe today, amid growing tensions in Ukraine and downbeat data in the Eurozone. Meanwhile, copper futures slid after below-par Chinese factory gauges. Gold futures for December delivery on the Comex in New York traded at $1 288.2 per troy ounce, up 0.06%, at 13:04 GMT. Prices ranged from $1 285.8 to $1 290.9 per troy ounce. The precious metal added ~0.5% last week. Silver for September delivery stood for a 0.02% daily increase at $19.495 per troy ounce. Meanwhile, palladium futures reached the highest price in 13 years today, with the December contract climbing as high as $913.00 per troy ounce, ami...

The case for $2000 gold today

September 1, 2014 at 13:20


The reality check is that gold today is not at 2000, rather 'tis at $1288 in closing out the week Friday with the ever-rising parabolic Long trend still intact, albeit homing in on price such that the yellow metal now has very little downside wiggle room with which to work: for to tap 1270 in the ensuing week would flip such trend to Short. Nonetheless for the second week in a row, Gold dipped its toe into the 1280-1240 support zone (between the purple lines) in the following chart of the weekly bars, and then popped back up:   Weekly Gold Bars and Parabolic Trends   So with Gold having little downside room with which to deal given its present proxim...

5 reasons to buy silver & 2 reasons to sell

August 29, 2014 at 10:29


  Today, we consider gold’s erratic little sister – the bi-polar metal that is silver. There is no other metal on God’s earth that has so much potential to make its buyers millions. And there is no other metal that has so consistently failed to deliver. Its proponents point to supply shortages and increased usage. Its detractors point to charts showing bear markets that go on for years. If I could fast forward three years into the future, and I saw that silver was $200 an ounce, it wouldn’t surprise me. But then if it was $5 an ounce, that wouldn’t surprise me either. To reflect the numerous contradictions that accompany this metal, we give you five...

Gold v Black Gold

August 29, 2014 at 10:21


Oil has earned the nickname of black gold, especially since the crisis of the ‘70s and the explosion of its price. What is the relation between gold and oil? Is there one? Gold holds an important place in society, all over the world. This metal has been used as a store of value and money for at least 5,000 years. The story of oil is not a recent one also. Petroleum was already exploited in the Roman province of Dacia, today’s Romania, and in China, 2,000 years ago. But it became an essential element of politics, society and technology at the beginning of the 20th century. The invention of the combustion engine was the trigger of the future importance of oil. As we can s...

Why Silver Wheaton Corp. Stock Has Skyrocketed 23% in 2014

August 28, 2014 at 09:34


In 2013, Silver Wheaton suffered its worst year since the financial crisis, plunging 43%, and reflecting the massive decline in silver and gold prices that brought down the entire precious-metals sector. Yet, even though neither silver nor gold bullion has seen a huge amount of improvement from where they began the year, they've at least shown signs of hitting a bottom. Silver Wheaton has responded in kind with a 23% gain so far in 2014 that has easily eclipsed the more modest rises in precious metals prices. Even with 2014's bounce, though, Silver Wheaton still has lost about half its value from the highs it set just three years ago. The question long-term investors hav...