Showing posts with label precious metals investing. Show all posts
Showing posts with label precious metals investing. Show all posts
Sunday, May 1, 2011
Thursday, March 24, 2011
Tuesday, December 14, 2010
Gold May Beat Silver, Lifting Ratio by as Much as 20%: Technical Analysis
Bloomberg
Gold may outperform silver, lifting the ratio between the two metals by as much as 20 percent, according to technical analysis by Societe Generale SA.
The attached chart shows the ratio of gold to silver steadied after dropping as low as 46.6 last week, near a two- year channel support line and the lows of 2008 and 1999. The second chart shows the ratio may climb to between about 56 and 58, which are retracement levels of the decline from June that are singled out in so-called Fibonacci analysis.
“The gold-silver ratio reached an important support at 47.5/46,” said Stephanie Aymes, a cross-commodity technical analyst with Societe Generale in London. “Gold will outperform silver to 56/58.”
An ounce of gold bought as little as 46.6 ounces of silver in London on Dec. 7, the least in almost four years. Precious metals gained this year on demand for a protection of wealth and an alternative to currencies. Some investors betting that silver may benefit from an economic recovery pushed the metal’s 2010 advance to 70 percent, outperforming gold’s 26 percent gain. Silver is used more in industry than gold.
Read Full Article
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Saturday, December 11, 2010
Report: Swiss Bank Refuses to Release Gold
 |
| Bloomberg image: Adrian Moser |
Money News
A client of a major Swiss bank was recently refused access to his physical gold and had to hire attorneys and threaten to expose the bank publicly before finally getting it back in his own hands, according to Jim Rickards of Omnis.
“My inference is that that gold was not there,” Rickards told King World News. “The bank had to scramble, go out and find it somewhere before they could make good delivery.”
Rickards expects the world will eventually go to a gold standard-backed currency.
“To me, the big issue is, is it going to be intelligent or is it going to be ugly?” Rickards says. “Is it going to be something we think about, we have a public debate, hearing in Congress … we give some thought to, and then, over time … we do it in stages” so that markets can adjust.
Read Full Article
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Sunday, December 5, 2010
What's behind the 2010 gold rush?
Investors and central banks are buying up the yellow metal at unprecedented levels, but will its allure last as fears over the global economy ease?
Richard Blackden
Telegraph
In the 19th century, San Francisco's citizens couldn't read about the gold rush happening little more than 200 miles from their city.
Most who worked for the local newspaper had dashed to the fields in the foothills of the Sierra Nevada mountains, where James W Marshall had unearthed a nugget in a riverbed in January 1848.
Rapid waves of immigration followed by ship and across the Midwest, with about 80,000 people braving the threat of cholera to make the journey in wagons.
Less than a month after Marshall's find and a few hundred miles further south, a defeated Mexican government signed the Treaty of Guadalupe Hidalgo, ending a two-year war with its northern neighbour and ceding swathes of territory to the US.
"The discovery of gold was little short of a revolution and came as California became American," explains Malcolm Rohrbough, author of Days of Gold: The Californian Gold Rush and the American Nation. "People were celebrating."
The yellow metal had of course dazzled many civilizations before, and from the middle of the 19th century added America to that list.
It has bewitched the country ever since and never more so than in the three years since the financial crisis erupted.
And as gold closes in on a 10th straight year of gains, a debate is raging across the country on whether the longest rally since at least 1920 can last.
Read Full Article
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
Telegraph
In the 19th century, San Francisco's citizens couldn't read about the gold rush happening little more than 200 miles from their city.
Most who worked for the local newspaper had dashed to the fields in the foothills of the Sierra Nevada mountains, where James W Marshall had unearthed a nugget in a riverbed in January 1848.
Rapid waves of immigration followed by ship and across the Midwest, with about 80,000 people braving the threat of cholera to make the journey in wagons.
Less than a month after Marshall's find and a few hundred miles further south, a defeated Mexican government signed the Treaty of Guadalupe Hidalgo, ending a two-year war with its northern neighbour and ceding swathes of territory to the US.
"The discovery of gold was little short of a revolution and came as California became American," explains Malcolm Rohrbough, author of Days of Gold: The Californian Gold Rush and the American Nation. "People were celebrating."
The yellow metal had of course dazzled many civilizations before, and from the middle of the 19th century added America to that list.
It has bewitched the country ever since and never more so than in the three years since the financial crisis erupted.
And as gold closes in on a 10th straight year of gains, a debate is raging across the country on whether the longest rally since at least 1920 can last.
Read Full Article
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Subscribe to:
Posts (Atom)