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Articles from Gold Global Perspective

It Is What It Is. 2007-07-09 14:43:00 It is always nice to see the price of gold performing well on a day when other currencies are basically idle. The price of gold climbed through several horizontal and diagonal resistance levels, the process was very quick. Gold charts of multiple time frames are now looking much better. Today just proves that buy and hold can work on some occasions, especially when quick mark ups are expected. ...

XAGUSD Chart 2007-07-07 03:06:00 Some initial upward movement for the price of gold and silver. Not surprising as buy signal was generated by the HUI/GOLD ratio. Silver outperformed and closed at the high for the week. A slight uptrend is apparent on the intraday chart. As you probably know all trend lines are made to be broken and the shorter the time frame the larger the chance that a trend line will be broken. Anyway, markets ...

Quick Update 2007-07-05 14:46:00 Dear readers, It is a given fact that gold reached a technical comfort zone. I find it funny to read commentary with price objectives slightly above, at or below gold mining break even point. It is a mystery how low the price of gold can be manipulated in a mission to hide competitive currencies devaluation on a global scale. All charts and ratios considered I estimate that a volatile markup ...

Recommended Readings 2007-07-04 02:57:00 Individual gold trade this month By Wang Lan (China Daily) Updated: 2007-07-04 08:51 The beginning of gold trading by individual investors on the Shanghai Gold Exchange (SGE) later this month is expected to provide a welcome alternative at a time of high stock market volatility. -link RTS Realtime Systems Group Offers Connectivity To Dubai Gold & Commodities Exchange 03/07/07 RTS Realtime ...

Positive Reason 2007-07-02 15:24:00 Interesting times head as significant adjustments are in the works. Currencies, Silver Gold, Oil, Stocks all in the equation with the most controlled item actually needs to be Interest rates. Commodities continue to trade with a group and / or individual bias. Generally it might be the case that commodities are the best play as the long term (decades) cycle is probably most favorable for this ...

USD Index 2007-07-02 06:13:00 This chart does not look good to say the least... , the bounce was disappointing and the new downtrend looks convincing. ...

Silver 2007-06-29 13:45:00 If enough cash based buying enters the physical silver market then regardless of the silver market fundamentals (which are supportive) the price will quickly rally. The move should be similar to the second half 2005<> first half 2006 in which silver climbed about 130% in 8 month. 12.30$ today is like 6.70$ in 2005 so the target is about 27.80$ which is between the short and long 261.8 Fibonacci ...

Today commentary 2007-06-29 10:49:00 It might be the case that criminal acts, corruption and the highest level of abusive acts against people's freedoms are taking place. Authorities all over the world have pushed themselves into the darkest corners. Top academics and high rank officials are refusing to admit their own mistakes which are based on false economic theories. One should be careful and consider all options. ...

Update 2007-06-27 23:36:00 It appears that after yesterday slump some technical repair is currently taking place. This is not the time to sell gold and silver as February 26 was not the time to buy. Yesterday action is nothing new for anyone watching the precious metals, gold has seen moves of ~ 40$ in 24 hours more then once , sharp moves like that are typical at bottoms or tops though it is not always the case. For ...

Real Drivers of Gold 2007-06-26 20:21:00 The annual mine production of gold is around 2500 metric ton. The notional amount of gold over the counter (OTC) derivatives is 463 Billion USD (BIS Dec 2006). This numbers alone support much higher gold price, just do the simple math. This is only small part of the story as Total OTC derivatives (most are interest rate contracts and credit default swaps) amount at 415 Trillion USD. Gold ...

Gold , Silver 2007-06-26 13:57:00 Gold and particularly silver are down sharply today. Gold and silver are about at the same point as in the beginning of the year and April 2006. Volume at futures exchanges was large. It was like traders got scared that their gold would catch rust. I estimate that the high volume was due to fundamentals, value and de hedging. Dow Jones /Gold ratio making new highs, inline with recent out ...

Gold Market Update 2007-06-26 03:45:00 Gold trading is directionless, sentiment is negative as I observe at mainstream media publications. Gold markets structural developments: Small-Lot Gold Futures 100 gram gold contracts to be issued in China and Japan : "BEIJING, June 26 -- The Shanghai Gold Exchange will launch individual gold bullion trading nationwide in July by teaming up with Industrial Bank." -source "TOCOM hopes ...

Gold, Forex 2007-06-24 15:12:00 If you look at gold compared to other major nations currencies like Yuan, Rupee, Pound, Ruble, Real, Etc. you can see that some of them have been more strong then others and gold retraced a large amount of time and price . It has long been my opinion that gold will appreciate vs. most if not all national currencies. In terms of some national currencies gold is currently trading at serious ...

And they tell you it is not a currency…. 2007-06-22 13:50:00 Today gold was clearly trading like a currency and no wonder that silver lagged. (The monetary component within silver certainly exist but for lesser extant compared to gold) Before the New York open gold was higher both in terms of Euro and USD then moved higher in USD and Lower in Euro, later the opposite: up in Euro down in USD, a sell off in both majors then a strong impulsive rally into the ...

Few clarifications 2007-06-21 12:49:00 Dear readers, I got some nasty massages and emails lately, namely personal attacks. I just want to remind that I'm not a registered investment advisor, broker or dealer. All content on this site is either quoted from other online sources (normally linked to the source) or it is my own analysis and thoughts. Either way I do not recommend that anyone will act upon my analysis. If you want to ...