Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
come'on rummel! gold was at 1900 last august...so I can see where these call are coming from, but its pretty wimpy for you to whine about those call now...
lets be realistic, nothing moves in a straight line, but some things can really move when the momentum gets behind it, look at natty now at $3 bucks, - so when people see the gold play again it will come back in full force....
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
good point. gold and silver have been on the downtrend for the last 6 months, those are the facts - yet, at some point it hits bottom and the investing story changes...
easy for you to talk a historical chart, - tell me where it goes in the future requires you to take a side...
we think that gold selling off when equities do can be an opportunity, as the moment gold gets its safe-haven status back the script is flipped....
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
dave is correct. - I really think as bad as everything looks right now, this could be a HUGE month for gold and silver, it is just a perfect mix of events/factors....
does everyone remember looking at charts and saying wow what happen that month where this-or-that skyrocketed, well we think it will be that kind of month for the PM's
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
On the hour: Dow -1.38%. 10-yr +0.32%. Euro -0.86% vs. dollar. Crude -3.18% to $84.45. Gold -1.32% to $1588.15.
[View news story]
the net is more down on foreign currencies than the up on dollar, this bodes well for gold and silver
remember more gold and silver is traded in foreign currencies, so when you look at the net (foreign down to dollar up) the foreign is down more, making gold/silver more expensive
Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612. [View news story]
The gold ETF (GLD) saw an outflow in Q2 of 5 metric tons, the first quarterly decline in a year and against a 32-ton inflow in Q1. Shares in the ETF were off 4.3% during the period as money instead flowed into the dollar, UUP +2.6% during the same time frame. [View news story]
Wayneseek, a friend who I talk shop with was down on his SLV and he came to the conlcusion that it would be better to take the losses and re-enter the SLV after it takes its next leg down...so I would not bet on the diversification tactic stopping you from incurring more losses...
Debutant, don't worry your going to get a dump-truck of the silver shortly. Our middle-east contacts started selling their holdings on Friday and are rotating to the grains...
S&P 500 gives up small gains, now -0.4% following the big ISM miss. It's the first print under 50 since July 2009. The sharp decline in New Orders (to 47.8 from 60.1) looks to be behind the big move. "Slowing world economies, particularly China, are reducing Q3 and later orders and drastically dropping some raw materials prices," goes a sample respondent quote. [View news story]
The new orders going from 60.1 to 47.8 is extremely concerning. If we had to look at this from a 'knock-on' effect we would say that China is getting hit by the Europe recessions, and this causes less feel good in their real estate, whereas the U.S. is dealing with a bank balance sheet weakness from unknown risks on loans that are not being marked to market, coupled with higher taxes in the u.S. and less gov speninding coming next year, then Europe is in a nightmare which we export to so the negative swirl is continue but now it is so much worse.
We can only see things getting worse...thus, if you see the industrials hitting lows or heading down we see the % factors for lower lows, as we don't see a driver for upside in economic expansion. some great charts to look at are oil, gold, silver, which have a lower trajectory over the last few months.
US June PMI Manufacturing falls to 52.5 vs 54.0 in May. Output 53.4 vs. 54.5 in May. New Orders 53.7 vs. 54.6 in May. Employment 52.8 vs. 54.3 in May. It is the weakest improvement in business conditions in 18 months. (PR) [View news story]
At the open: Dow -0.02% to 12878. S&P +0.18% to 1365. Nasdaq -0.11% to 2932. Treasurys: 30-year +0.28%. 10-yr +0.19%. 5-yr +0.1%. Commodities: Crude -1.61% to $83.59. Gold -0.66% to $1593.55. Currencies: Euro -0.5% vs. dollar. Yen -0.07%. Pound -0.04%. [View news story]
our factory contacts are warning for industrial uses...becareful, normally we call them, now they are calling us...
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
lets be realistic, nothing moves in a straight line, but some things can really move when the momentum gets behind it, look at natty now at $3 bucks, - so when people see the gold play again it will come back in full force....
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
easy for you to talk a historical chart, - tell me where it goes in the future requires you to take a side...
we think that gold selling off when equities do can be an opportunity, as the moment gold gets its safe-haven status back the script is flipped....
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
does everyone remember looking at charts and saying wow what happen that month where this-or-that skyrocketed, well we think it will be that kind of month for the PM's
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
thus, gold and silver remain as our plays,
On the hour: Dow -1.38%. 10-yr +0.32%. Euro -0.86% vs. dollar. Crude -3.18% to $84.45. Gold -1.32% to $1588.15. [View news story]
remember more gold and silver is traded in foreign currencies, so when you look at the net (foreign down to dollar up) the foreign is down more, making gold/silver more expensive
Why Is Silver Losing Its Shine? [View article]
Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612. [View news story]
The gold ETF (GLD) saw an outflow in Q2 of 5 metric tons, the first quarterly decline in a year and against a 32-ton inflow in Q1. Shares in the ETF were off 4.3% during the period as money instead flowed into the dollar, UUP +2.6% during the same time frame. [View news story]
This Week's Silver Outlook [View article]
Silver Wheaton: The Best Buy In Mining [View article]
don't think miners margin will hold and they have been weakening over the last 6 months...
Why Is Silver Losing Its Shine? [View article]
Why Is Silver Losing Its Shine? [View article]
price target is $21.50
PMI' s confirm this....GDP's shrinking...
S&P 500 gives up small gains, now -0.4% following the big ISM miss. It's the first print under 50 since July 2009. The sharp decline in New Orders (to 47.8 from 60.1) looks to be behind the big move. "Slowing world economies, particularly China, are reducing Q3 and later orders and drastically dropping some raw materials prices," goes a sample respondent quote. [View news story]
We can only see things getting worse...thus, if you see the industrials hitting lows or heading down we see the % factors for lower lows, as we don't see a driver for upside in economic expansion. some great charts to look at are oil, gold, silver, which have a lower trajectory over the last few months.
US June PMI Manufacturing falls to 52.5 vs 54.0 in May. Output 53.4 vs. 54.5 in May. New Orders 53.7 vs. 54.6 in May. Employment 52.8 vs. 54.3 in May. It is the weakest improvement in business conditions in 18 months. (PR) [View news story]
global GDP's are slowing
At the open: Dow -0.02% to 12878. S&P +0.18% to 1365. Nasdaq -0.11% to 2932.
Treasurys: 30-year +0.28%. 10-yr +0.19%. 5-yr +0.1%.
Commodities: Crude -1.61% to $83.59. Gold -0.66% to $1593.55.
Currencies: Euro -0.5% vs. dollar. Yen -0.07%. Pound -0.04%. [View news story]
orders must be slowing big time...
less, gold, silver, coal, steel, copper, etc...