All Posts Tagged With: "SLV"

Low Prices Stir Up Bullion Buying Frenzy

Gold and silver didn’t do much from the opening in the Far East until the London p.m. fix at 10 a.m. NY time. Then both began to rise from that point onward. Gold finished up $16.80 and silver was up 28 cents. I was underwhelmed, as the dollar finished down almost a full cent. However platinum and palladium had a stellar day…both doing much better than silver or gold. That’s because nobody has a thumb on their prices. However, the gold equities were on fire, so I’m thankful for that.

And Then There’s This…Saturday, September 6th, 2008

Gold and silver both showed signs of life early in London trading yesterday morning, and really took off on the Comex open and the release of the ‘employment’ numbers. But then the boyz showed up and hammered them both hard.

2 ETFs and 4 Mining Stocks to Profit from $1,500 Gold

Martin Hutchinson in Money Morning says that over the long-term oil and agricultural commodities are likely to deflate.

This is because, once the threat posed by the US housing crisis has passed, the Federal Reserve will be forced to increase interest rates to fight inflation. Other countries will follow, which will deflate the commodities boom.

However, over the short-term, gold, whose movements are directly linked to inflation, is likely to bounce. Martin reckons a price tag of $1,500 an ounce for the yellow metal is entirely possible. He recommends two ETFs and four gold miners to profit from this situation…

And Then There’s This…Wednesday, August 20th, 2008

In Far East trading on Tuesday morning, both silver and gold got sold off. The bottom was in shortly before London opened…and a spirited rally commenced until about 6:30 a.m. New York time when both metals got sold off again…with some help on the Comex open.

The Silver Ship has Left the Dock

Over the past few months we’ve been telling you about how silver enters a seasonal push around mid-summer and goes on to move higher until the end of the year.

And Then There’s This… Wednesday July 16, 2008

Once again, gold and silver did little in Far East trading on Tuesday. The action really began once London and Europe started trading in the metal…and it was no surprise to see both metals moving nicely higher…and for all the right reasons. Gold was up about $12 and silver was up 35 cents as the NY open approached.

And Then There’s This… Tuesday July 15, 2008

Both gold and silver started off quietly in early Monday morning trading in the Far East. It wasn’t until 3:00 a.m. New York time that both metals got sold off right up until the Comex opened. Gold was down $10 and silver about 25 cents. However, once the Comex got going, rallies commenced in both metals.

And Then There’s This…Saturday, July 12th, 2008

On Friday in the Far East, the gold price wandered aimlessly until shortly after the London market opened. A rally ensued that really gathered steam shortly before New York opened for business. The peak came at the London p.m. fix…the same as Thursday. From there, it sold off a little, but gained most of it back in Globex trading in the after-market hours.

And Then There’s This…Wednesday, July 9th, 2008

Gold tacked on about $5 going into the London open early Tuesday morning, and shortly after that it was down hill until London closed for the day. At that point the boys in the Comex (IAU) were on their own.

And Then There’s This…Monday, July 7th, 2008

Thursday was the day that the ECB raised their interest rates…and the US jobs report came out. Considering the nature of the news, one would have expected the US$ and US equity markets to fall…and gold and silver to rise. It was not to be.

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