Tuesday, July 23, 2013

Our Man Chuck Turns Bullish as All Get-Out

July 12, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Turns out we weren’t the only ones who must have been doubting every uptick of last week’s phony, witless rally. How could one not distrust a stock market that has been surging higher solely because of short-covering and the manipulation of index futures each and every night during the wee hours [...]

Key Market Drivers, May 24-28, 2010: Same Array of Bullish, Bearish Forces Still At Work

May 23, 2010 by · Leave a Comment 

Cliff Wachtel submits: Summary 1. EU Debt Crisis-related events 2. Risk asset short term oversold reaction rally- Note technical resistance levels be ready for more downside 3, Key Calendar Events: US data setting expectations for next week’s monthly jobs reports 4, The ongoing interplay of short term bullish and longer term bearish forces Prior Week [...]

Harmony Gold looks to tough times ahead

October 26, 2009 by · Leave a Comment 

Despite a bullish long term view directors divided on short term gold price prospects Read more….

Chinese Citizens Significantly Increasing Gold and Silver Ownership

October 23, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically. While fears about the Chinese economy may have led to some [...]

Gold Bullion Value

October 23, 2009 by · Leave a Comment 

Gold bullion value is the most fundamental assessment of physical, investment-grade gold worth, and also a strong economic indicator for current market trends. Gold bullion value is only slightly more than the current gold spot price, which is the cost of one Troy ounce of pure gold, and this price historically tends to rise during [...]

India’s Gold Man

October 21, 2009 by · Leave a Comment 

The Daily Reckoning We just visited India’s biggest gold market maker. We entered a decrepit building with towering slums around it. We got in a creaky elevator little bigger than a phone booth, with an attendant who opens and shuts the door. The elevator looked about a hundred years old. We got to our floor [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

October 20, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

October 19, 2009 by · Leave a Comment 

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Silver Prices Retreat from Year Highs

October 17, 2009 by · Leave a Comment 

Silver prices in both New York and London retreated from last week’s highs with both markets settling at weekly losses of more than 1.5 percent. New York silver futures for December delivery closed Friday at $17.42 an ounce, declining 27 cents, or 1.5 percent, from last Friday’s close of $17.69. London silver was set to [...]

Coal-bull Xstrata goes ahead with R3bn South African coal project

October 16, 2009 by · Leave a Comment 

Growth-orientated Xstrata’s bullishness on seaborne-traded coal surfaced once more as its pursuit of Anglo American stalled and acolyte Xstrata Coal won board approval for the full implementation of the $407-million (R3,151-million) Atcom East project in Mpumalanga province. Xstrata’s bullishness is based on the global trend towards coal-producing countries exporting less and importing more, which is [...]

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