Monthly Archives: March 2011

31
Mar
2011

Silver Set For All Time Record Quarterly Close – Gold to Silver Ratio on Way to 17 to 1 as per 1980?

Gold and silver have consolidated on yesterday’s gains as inflation, geopolitical and eurozone debt concerns support. Silver has risen above its 31-year record closing price of yesterday and looks set to target new record nominal intraday highs above $38.16/oz.

‘Poor man’s gold’ is set for a record nominal quarterly close which will be bullish technically and set silver up to target the psychological resistance at $40/oz and then the nominal high of $50.35/oz . Silver’s record quarterly close was $32.20/oz on December 31st, 1979.

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30
Mar
2011

Gold and Silver Higher – Eurozone Downgrades, Libya and Japan Ignored for Now

Gold and, particularly, silver are higher in European trading, especially in Japanese yen, which has come under pressure again today. The initial ‘repatriation funds’ yen rally in the days after the natural and nuclear disaster has abated.

Gold is again close to record nominal highs in yen (119,000/oz) and other currencies. The outlook for the yen is not good due to massive fiscal and demographic challenges, zero percent interest rates and ongoing currency debasement – none of which will be helped by the nuclear disaster.

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29
Mar
2011

Massive Raw Gold Shortage in China – Supply and Demand Crunch Looms

Gold and silver are lower again today with short term momentum traders taking advantage of recent weakness and capping of the gold price at record nominal highs. Options expiry often sees gold and silver prices fall but recover sharply within days of expiry and this is likely to be the pattern again after yesterday’s expiration.

GoldCore

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28
Mar
2011

Heightened Demand from China and Asia Rather than Speculation Leading to Gold’s Nominal Record Highs

Gold and silver have fallen in Asian and early European trading, despite global uncertainty leading to weakness in equity and bond markets. Support is likely to come from eurozone debt concerns, geopolitical risk and the deepening nuclear crisis in Japan – the true extent of which remains unacknowledged.

GoldCore

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25
Mar
2011

People’s Bank of China Positive on Gold due to ‘Value Preservation'; Concerned about Euro, Dollar and Paper Currencies

Gold and silver remain supported by continuing macroeconomic and geopolitical uncertainty. Inflation, the European sovereign debt crisis, conflict in Libya and the wider Middle East and the nuclear disaster in Japan are all factors which will likely result in gold reaching new record nominal highs in all currencies sooner rather than later.

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17
Mar
2011

Happy Saint Patrick’s Day

 Happy Saint Patrick’s Day

It seems somewhat wrong to celebrate Saint Patrick’s Day while the tragic events in Japan continue to enfold. But the events in Japan show how important it is that we celebrate and be grateful for life and being alive through joyous moments with family, friends and community.

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16
Mar
2011

Silver Bullion Coin Premiums Rise; Asian Demand for Gold Robust with “Illiquid Market” in Hong Kong

Markets have recovered somewhat from the recent sharp sell offs despite the worsening nuclear situation in Japan. Gold and silver have made very tentative gains from the falls seen yesterday as commodity and equity markets (and the Nikkei in particular) have stabilised somewhat after the recent sharp falls.

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15
Mar
2011

Japan’s Nuclear Crisis Leads to ‘Panic’ – Nikkei Crashes 17% in 2 Days, Japanese Default Risk Rises to Record, Gold Down 1% in $

Japan’s nuclear crisis has deepened and we deeply regret to say that there is now the real possibility of a nuclear catastrophe. Investor panic has set in with the Nikkei down over 16.5% in two days and the Topic index down by 17% – its worst two-day loss since the 1987 Wall Street stock market crash.

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14
Mar
2011

Risk of Nuclear Catastrophe after Explosion and Contamination Found 60 Miles from Reactor

The world is still coming to terms with the terrible tragedy in Japan. A second explosion at the Fukushima nuclear reactor overnight and Pentagon reports of radiation being detected 60 miles away from the reactor suggest widening nuclear contamination leading to concerns of a nuclear catastrophe.

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11
Mar
2011

Japan Megaquake and Tsunami – Gold Mixed as Yen Surges against All Currencies

The massive earthquake and tsunami that has rocked Japan is being digested by markets and the economic ramifications and uncertainty is leading to risk aversion.

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