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COMEX GOLD (GCM7) 1969-12-31 17:59:59 Just a quick chart update this time for the COMEX Gold active contract (GCM7). COMEX is where the big guys like to hang out.Platinum ETF might be issued in SwizerlandDaily chart - COMEX June Gold 100 OZ Contract (GCM7) ...

Five Interesting Blogs for the Weekend 1969-12-31 17:59:59 The Elliott Wave Lives ON ? Excellent Elliott wave blog, S&P and GLD wave counts included. JsMinset ? Jim sinclair popular gold blog. Well designed and informative - Grace Cheng Forex Blog. Advanced XAU / GOLD Ratio Analysis at paint the charts. Silver serial commentary and insights at Silver Axis ...

Update 1969-12-31 17:59:59 Quite but tensioned trading as the US Dollar index is very near to historical lows (see USDX pattern target) and the EUR / USD pair is 100 pips below the all time high ( I'm referring the high of the actual Euro , theoretically ? pre issued EURO was actually higher). Silver continue to lag behind gold, HUI & XAU pulled back slightly.In depth look at HUI & XAU.That?s all for now... ...

Video collection beta 1.1+ 1969-12-31 17:59:59 ...

Gold Spot & Futures Charts 1969-12-31 17:59:59 The USD Index hovers near decades lows, the EUR/USD pair kissed its all time high (~136.667) currently floating less then a cent below. The jury is still out as things can abruptly change on a penny or less?So far June COMEX gold contract failed to exceed its late February high (~699$) while spot gold managed to trade above the same cyclical high. The contango is taking its toll.XAUUSD Intraday Chart (4 hours candles). Annotated with Fibonacci levels and Elliott wave count ( wave 4 underway). As posted before; ~667$ spot remains target before heading higher.GCM7 - COMEX Gold June contract daily chart. Annotated with Fibonacci levels and Elliott wave count (wave iii blue underway). Note support at ~672$, just below the 50% Fibonacci line.As explained before, take any of my posts in the right time frame context. I observe and estimate that the price of gold is constructing an Egg pattern which requires extremely large degree of patience. ... Amp

Euro at All Time High ? 1969-12-31 17:59:59 Gold & Silver gained some ground as the Euro makes a new all time high (or is it?) The Euro was introduced to the world financial markets as an accounting currency in 1999 and launched as physical coins and banknotes in 2002.sourceAs explained several days ago, pre issued Euro high was actually higher at about 1.4570$30 years retro perspective EUR/USD chart. ...

Short Term Update 1969-12-31 17:59:59 Dear readers, The Europe session will soon begin and the short term momentum haven't turned up yet. So whether we like it or not short term downside still possible. The GC June contract (COMEX GCM7) is trading between the 50% and 61.8% Fibonacci levels. Long silver short gold spread trades haven't been profitable for a while so take note. As always, keep an eye on XAU, HUI and Of course EUR/USD & Crude. GCM7 June COMEX Gold daily chart ...

Short term bottom in place? 1969-12-31 17:59:59 Dear readers,Seems to me like intraday wave 4 is over and wave number 5 is underway which should exceed 698$ for the Comex June contract (GCM7).I will upload a chart as soon as possible. ...

Gold and Silver Bull Market Summery April 17 - 2006 1969-12-31 17:59:59 Relatively strong upward movement for Gold and Silver but still no real excitement , some market observers start to question the 1980 gold price high. The Great Global Gold Bull Market and Silver Bull Market are eccelerating and the signs of Third (years major)Elliot wave are clear. The Gold Silver ratio (XAU / XAG) = ~ 4.58, Dow Jones Gold ratio ( Dow / Gold = ~ 18.00, Gold / Crude Oil = ~8.53.GoldSilverRelated Post : The importance of the Dow Jones / Gold, Gold / Oil & Gold / Silver ratioMore Commodity Charts ...

Exchange Traded Gold funds - ETF ( GLD , GBS , GOLD) 1969-12-31 17:59:59 There are currently 4 ETF's which claim that their gold assets are backed by allocated gold held in a vault on behalf of investors. Tottal assets ( as of April 12 2006) = 446.37 Tone (14,350,871 Ounces)( GLD ) New York Stock Exchange (NYSE) Streettracks, Gold Shares. - link( GBS ) LSE (London Stock Exchange) AND Euronext Paris Gold Bullion Securities. - link( GOLD ) Australian Stock Exchange (ASX) Gold Bullion Securities. - link( GLD ) Johannesburg Securities Exchange (JSE) New Gold Debentures - link( AMEX : DBC ) Deutsche Bank Commodity ETF ( DBLCI )( AMEX : USO ) United States Oil Fund Lp ...

Gold & Silver News, Spot Silver Chart - XAG 1969-12-31 17:59:59 Indian Bank to sell gold coins to boost profit006-05-25 17:15 By Ruchira SinghMUMBAI (Reuters) - Government-owned Indian Bank is hoping to set the slot machine ringing with the gold coin. In an attempt to boost business, the nearly 100-year old bank is stepping up retail sales of its recently launched gold coins, targeting a net income of 100 million rupees by the end of the fiscal year- source World demand for silver soarsBy Eileen Alt PowellTHE ASSOCIATED PRESSNEW YORK ? Demand for silver rose in 2005 to the highest level in five years as strength in jewelry and industrial products offset softness in photography and coins, the Silver Institute said Wednesday. The Washington, D.C.-based industry group also said its annual survey indicated that investor demand for silver has been increasing, just as it has been for gold. -sourceRussia gold and currency reserves reach about 237 bln dlrs5.05.2006, 10.05MOSCOW, May 25 (Itar-Tass) - Russia?s gold and foreign currency reserves increased ... Amp

Gold Market Commentary, Chart 1969-12-31 17:59:59 Marginal [e] lower then [c] is obviously a given, important notice should be taken of this Fibonacci levels. As for buying, selling and holding recommendation: In general the fundamentals reasons to own gold and silver have not changed at all, they are just getting stronger. Intraday short term traders ? good luck if you can challenge the volatility and catch the majority of the moves. Trading gold is not advised to anyone but the most professional with suitable experience and capital , the big majority will do better with holding at least most of their positions for the duration of this Great Global Gold Bull Market. After all not everyone wants to seat on knifes in this kind of market. Not so is the case for Gold Mining stocks - this you should monitor constantly and treat with much more care and attention ? All Gold stocks might be subject to mining stocks special risks along the usual frauds. ? Gold is a rare metallic mineral ? with thousands years of monetary role. Most of the abo ...

Gold and Silver News 1969-12-31 17:59:59 CBOT Expands Silver Complex and Launches Full-Sized Silver Futures OptionsThe Chicago Board of Trade (CBOT) announced today it will expand its Silver Complex by launching a new options contract on its CBOT Full-sized (5,000 oz.) Silver futures contract. The new contract will trade exclusively on the Exchanges premier electronic platform from 6:16 p.m. to 4:00 p.m. (CST) and is scheduled to begin trading on Monday, June 12, under the ticker symbol of OZI. -sourceWorld Silver Survey 2006 SummeryThe World Silver Survey contains a global analysis of the world's silver markets and has been produced by GFMS on behalf of The Silver Institute in Washington since 1994 -linkAnglo to dump all of AngloGold Posted Wed, 24 May 2006Anglo American will have completely disinvested in AngloGold Ashanti in up to three years, the group said on Tuesday.According to Anglo American spokesperson Anne Dunn, nothing had been finalised as yet as to how it would go about disinvesting in the world's number thre ...

Tight trading range for gold ? 1969-12-31 17:59:59 Last few days gold is trading in a relatively tight trading range, Bollinger bands (MA= 50, STD =2) on the one hour charts are tight and a breakout one way or another should soon follow. As previously said, I expect gold and silver to move higher but it is possible that gold will first move little bit lower (~620$) ? a final speculators shakeout.As you can see on the one hour spot gold chart below, the price of gold is trading between the 61.8% and the 50% Fibonacci lines (630$ - 640$). More support at ~620$(76.4%) and resistance at 648$(38.2%). As for the longer term picture for gold ? No change and no need to update the daily and weekly charts I posted several times during the last week or so. (See the archive).Click on the chart below for larger view. Dear readers I must remove some internal links from old posts for SEO purpose(google request) so you might get old post at your feed, please excuse me. ...

Gold and Central Banks 1969-12-31 17:59:59 S.P from India Submits:" I like your blog a lot and visit it to see your charts to guess the gold moves. I don't trade futures but interested in buying gold.But presently, there seem to be no signs that the world will ever move towards a gold standard. The problems of the world itself are so huge to even think of going in that direction. The easier solution is being adopted and everyone is using their printing presses :)I saw recently that even India increased money supply by 20% this year.Do you see the gold breaking the 540 support in the next 1 year? The recent jump from support was gr8. I read somewhere that the recent dump, came because the British government decided to sell its gold partly, do you agree to it? "India is a major power in the global economy particularly in the gold market. As most readers probably know India is the world's largest market for physical gold.Central Banks are actively participating in the gold market, some as sellers and some as buyers. The European ...