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Investorideas.com – Kitcommentary from Kitco Metals Inc. – “A Triangle Formation Everyone Might Like”
Posted by admin in Uncategorized on December 24, 2011
Kitcommentary from Kitco Metals inc. – “A Triangle Formation Everyone might Like”
Category: Investment, Gold, Mining
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December 23, 2011 (Investorideas.com Mining stocks newswire) Gold prices remained confined to a tight, smaller than $20 range for a second day as trading in metals wound down further and as business in New York slowly got underway this morning. the action was once again defined by the absence of general sentiment change, by a bit of additional pre-holiday and year-end profit-taking and book-squaring, and by thinning participation by players. US economic data on tap yesterday showed US GDP revised slightly downward for Q3 mainly on account of less money having been spent by American consumers on health care. the news engendered a tad of risk-taking in the markets and helped gold to claw its way back above the $1,600 pivot point.
Unemployment claims as reported yesterday fell to a seasonally-adjusted 364,000 filings and the four-week average of claims being filed dropped to its lowest level since 2008. once gain, the metric went against the expectations of economists and showed continuing improvement and progress being made on the all-important jobs front in America. the US dollar benefited from the upbeat economic statistics as the market continues to observe that the US situation is
Existing Gold Price For each Ounce
Posted by admin in Uncategorized on December 11, 2011
Existing gold cost for each ounce. As gold will be the most valuable factor & we all know that gold is helpful, the majority of us are utilized to getting it in the form of jewelry, but it can really consider a lot of other forms. it could can be found in bars or inside the type of coins. regardless of its state, the gold is handled like a commodity on its very own. it really is traded at the global stock markets all more than the globe. consequently it has a market expense just like the other merchandise traded internationally. The metal is measured in ounces. So, you are able to anticipate to determine the current gold price for each ounce.
You can’t expect the present gold price per ounce. This price of gold is floting. it fluctuates all of the time depending on the marketplace trends and on the techniques by which they adjust. You’ll be able to find the gold cost for each ounce index in all sites and on all tv channels that comply with the commodity markets day-to-day if you’re considering buying and selling using this type of precious steel. however, you should not expect to uncover the exact expense that you see on the display if you are dealing with a vendor. The cost of gold varies depending on the kind it is available in. since the coins and jewellery require particular fabrication it is possible to expect these to become a lot more pricey compared to the regular gold bars. This really is because you can find higher costs involved in their generating. also, you can expect antique objects to have larger rates given that they’ve not merely intrinsic worth.
So, it is possible to easily discover the existing gold cost for each ounce for these days if you want to buy or offer some amount with the precious metal. but why are this index and the trade of this commodity so essential? The quantities of gold in the world are restricted. Furthermore, they’re highly unlikely to adjust over time. This treasured steel can not be made, it can only be found and most resources of it have already been discovered. All this signifies that gold has a stable value which can be usually really substantial. It’s very unlikely to get devalued and this is not the case using the standard economic instruments we use including money, shares and bonds.
The gold cost for each ounce is quite substantial at current. This may be explained actually just. All other financial instruments that you simply can make investments in are extremely unstable. they are able to lessen their value any time, but this is not the situation using the treasured metal. So, a growing number of men and women desire to have a lot more of it. Because the demand is higher so may be the cost of gold.
Review of present gold cost for each ounce.
Learn more about gold. stop by Sugeng Purnomo’s site where you can find out all about Current Gold Cost per Ounce and what it can do for you.
Buy Silver! Buy Gold! Buy Now!
Posted by admin in Uncategorized on December 7, 2011
On November 30, the major governments, central banks, and major multinational banks blatantly declared war against the people of the world!
No matter how I look at the events, I just cannot come to any other conclusion.
I think there were two triggering events. first, on November 29 Standard & Poor’s reduced the credit rating of 37 global banks, including 14 of the largest banks and brokerage firms in the US. Second, the price of Bank of America’s common stock that day closed at $5.07 per share. the Bank’s shares actually dipped below $5.00 during evening trading.
Had Bank of America’s shares settled below $5.00 the next day, that would have triggered two events. first, many investment funds will not own any companies whose stock is valued below $5.00. Second, companies whose shares are trading for less than $5.00 cannot be owned in leveraged accounts. Therefore, had the Bank’s stock closed the next day under $5.00 there would have been a double flood of shares being liquidated. that could have forced Bank of America into bankruptcy, starting a domino chain of other major bank failures.
That horrible scenario did not develop last Wednesday. Instead, overnight Tuesday and before markets opened Wednesday, central bankers created a coordinated plan to flood the world with paper money.
First, the People’s Bank of China reduced its reserve requirement ratio by 0.5% for financial institutions. Then the Federal Reserve Bank, the Bank of England, the European Central Bank, the Swiss National Bank, the Bank of Japan, and the Canadian Central Bank all reduced the interest rate at which they would loan US dollars by 0.5%.
This was global inflation of paper currencies on the scale of trillions of dollars.
In effect, the governments, central banks, and major multinational banks have elected to reduce values of most paper currencies, with the result that it will take wealth away from the people of the world.
Citizens around the world are so worried about the declining values of their local currencies that they are aggressively converting their money into US dollars. Foreign banks have paid up to 1.6% above the exchange rate to acquire more US dollars for their customers. other banks are in such shaky financial condition that no other bank will sell them US dollars, no matter the price. As a result, the value of the US dollar has been generally rising for the past few weeks.
Yet, when these coordinated actions were taken last Wednesday, the US dollar index fell almost 1%.
Even though the wealth of the citizens of the world fell, the governments, central banks, and multinational banks enjoyed enormous benefits. all of them were able to borrow funds at lower interest rates than before. it looks like the multinational banks with major short positions in the gold and silver markets were able to cover some of these shorts. the governments and central banks bought themselves a bit more time to try to come up with new ideas on how to cure their cumulative fiscal mismanagement.
The world’s financial problems have deteriorated to such an extent that it is no longer a matter of resolving issues in one, two, or a few nations. Literally, every paper currency is going to fall in value against silver and gold even faster than they have in the past eleven years. consequently, it now takes a concerted joint effort by the major governments, central banks and private banks to try to accomplish any appearance of stability.
These actions are also effectively an admission that these huge quantities of government debts will never be repaid in currencies that have anywhere close to current purchasing power.
Take this move as your warning that you have very little time left before a financial catastrophe cripples a major swath of the global economy. it simply isn’t possible to now predict when the dominos will start to fall. you may have a year or more, or just months, or maybe only a few days.
Before these calamities hit, it is time to think like a survivalist. the public unrest in Tunisia, Egypt, Yemen, Syria, Greece, Italy, and Spain this year could be just a sample of what could develop around the world, including cities, towns, and villages in the US.
Take action now. that means stock up on food, medical supplies, water filters, and other necessities. it may make sense to acquire a generator or weapons and ammunition (though make sure to get proper training with weapons if you chose to own them). I have seen some people advocating barter goods like cigarettes and liquor. those would not suit me, but they might be worth considering.
Above all, make sure to buy silver and buy gold! Specifically I mean buy bullion-priced physical forms of gold and silver and take immediate possession of them. buy them is small size units to be more divisible, such as one ounce or smaller for gold or ten ounces or smaller for silver. Gold and silver are almost universal forms of barter goods because of their multi-thousand year history being used as money.
As long as the gold/silver ratio is above 40, I recommend purchasing a higher proportion of silver than gold. with the ratio between 25 and 40, I suggest spending about an equal amount on both metals. at a gold/silver ration below 25, I urge you to acquire a higher proportion of gold.
I don’t want to come across as an alarmist. but the desperate actions taken by major governments, central banks, and multinational banks on November 30 require immediate attention and action to protect yourself. I wish you well.
Patrick a. Heller owns Liberty Coin Service in Lansing, Michigan and writes “Liberty’s Outlook,” a monthly newsletter covering rare coins and precious metals. past issues can be found online at http://www.libertycoinservice.com/ Pat Heller is also the gold market commentator for Numismatic News. past columns online at http://numismaster.com/ under “News & Articles”. his bimonthly columns on collectibles can also be read at http://www.lansingbusinessmonthly.com under “Articles” and “Department Columns.”His radio show “Things you ‘Know’ that just Aren’t so, and important News you Need To Know” can be heard at 8:45 AM Wednesday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http://www.1320wils.com.
Related posts:
- Gold and Silver Prices could Skyrocket within Weeks
- More than Gold and Silver Prices Are being Manipulated
- Wall Street Journal Puts Silver on the front Page—But still Doesn’t get it!
- Major Developments in Physical Gold and Silver Markets
- Extreme Gold and Silver Price Suppression could Signal an Imminent Financial Surprise
Search for a penny produces a gold mine of information in Medina: What’s Brewing
Posted by admin in Uncategorized on December 5, 2011
Many years ago, our now forty-something son received a birthday gift for his eighth birthday that he really enjoyed. It was a cardboard book that held about 20 years of pennies, one or two pennies a year. He had a great time collecting pennies, reading dates and letters that indicated the mint where the penny had been made, and placing the pennies in the book in the proper place.
Since Autumn and Joey, our oldest grandchildren, were celebrating their eighth birthdays this past week, I decided to buy penny books for them along with a supply of pennies. my next task was to find a store that sold the books. after checking the yellow pages for coin shops, I called Chuck’s coin & gold Exchange in Wadsworth to ask if they carried the books. Since they did, I made a trip to the store to purchase two of them.
I’ve been reading about the high price of gold lately and have been considering selling my high school class ring. I haven’t worn it since I graduated in the early 1960s so I decided to take it along with me to Chuck’s to see how much the ring was worth. The two gentlemen in the store were very friendly and helpful, and offered me $115 for the ring. I learned that most class rings are 10 karat gold, like mine, and that the stone that I thought was an onyx was really black glass and was worthless. Chuck Young, the owner, said he would smash the “stone” with a hammer to remove it from the ring. When I told him I was going to do some comparative shopping, he offered to match any written price I found.I drove right back to Medina and took my ring into Lyle’s Jewelry & Coin at 4 Public Square. Lyle Morse, the owner, confirmed what I had already learned about the ring and offered me $125. at this point I was getting excited – maybe someone else would offer me even more! my next stop was at LaPlaca Jewelers, just steps away from Lyle’s at 13 Public Square. The gentleman there weighed my ring – it weighed 8 grams, and offered me $115. Now I knew that everyone was in the same ball park and that I wasn’t going to get rich.
I moved on down the street to the Medina Gem Company at 23 Public Square. There owner Anneliese Nefos looked at the ring and placed a phone call to check on the price of gold. she told me that the price changes daily according to the world market. When I asked whom she had called, she answered, “Lyle — we help each other out.” she offered me $117 for the ring and asked what he had quoted. When I told her, she said, “Go back right now before he changes his mind.”
When I traipsed back to Lyle’s with the ring, I had to fill out a form with my name, address, date of birth and either my driver’s license number or Social Ssecurity number. I also had to sign a statement that read: “I hereby certify, that I am the sole and lawful owner of said property, and the proper person to dispose of same.” unfortunately, I guess there are a lot of dishonest people around who sell stolen jewelry.
I’m now a little bit richer and I know a little more about selling jewelry. I had a good time doing my very unscientific research and everyone I talked with was friendly and helpful. I packaged up one penny book with five rolls of pennies and a magnifying glass and sent it off to Joey in Seattle. Autumn opened the other book when we celebrated her birthday here on Friday night. she and I then spent an hour peering carefully at pennies and wedging them into the book in the right slot. The present was a big hit with her; we haven’t heard about Joey’s reaction yet.
HOSPICE OPEN HOUSE: If you’re like me, you’ve regularly driven past the Hospice Facility under construction on the corner of Windfall Road and State Route 18 and have gaped at the beautiful new building. It is finally complete and will be open to the public for a Community Open House from 1-4 p.m. on Dec. 4 to celebrate the Grand Opening of its new 16-bed inpatient care center. The facility also includes a bereavement center with ample space for programs and workshops, a chapel, hospitality and lounging areas for families, and office space for the clinical and home health care staff as well as administrative offices.
HOUSE TOUR: The Seville Historical Society will present a 2011 Holiday Historical Home Tour from 5-8 p.m. Dec. 4. The tour will begin at the Seville United Methodist Church, 74 West Main Street, Seville. The tour includes 7 properties including the church, the Historical Society headquarters, and five private homes. Tickets are $10 per person and can be purchased at the Methodist Church.
SHOW: “mrs. Bob Cratchit’s Wild Christmas Binge” will be performed on stage by the Medina County Show Biz Co. at 7:30 p.m. on Dec. 2, 3, 9 & 10, and at 2 p.m. on Dec. 4 at the DeLorre & LilyJean Haddad Theater, Broadway Street Hall, in the Medina County Administration Building, 144 North Broadway St. all seats are general admission and are $14 for adults, $11 for Seniors and Students. Show tickets are available at all Buehler’s, the door and the website: www.medinashowbiz.com. Bring two canned goods for the Breaking Bread Food Drive sponsored by Armstrong Cable and receive a $1 discount.
ANNUAL DINNER: The Medina County Historical Society will hold its Annual Dinner meeting at 6 p.m. Dec. 7 at Weymouth Country Club. The evening will consist of fellowship, a buffet dinner, a brief year-end meeting, and the presentation of awards to two members who have served the Society and contributed to the preservation of history in our county. The two honorees this year are former Heritage School teacher Rose Platz and mr. Stop-N-Go, Carl Abell.The cost of the dinner is $30 per person and is open to the public. To purchase tickets, please send a check payable to the Medina County Historical Society to Mike Davanzo, 4050 North Huntington Street. for more information, call Mike at (330) 725-3176 or email mdavanzo@ zoominternet.net. Reservations are required and must be made by Dec. 2. Please help the Society honor these special people with your presence.
STUDIO OPEN HOUSE: Local potter Elaine Lamb and Mud Mothers Pottery will host a Studio Open House and Fine Art Sale from 10 a.m. to 5 p.m. on December 9, from 10 a.m. to 4 p.m. on December 10, and from noon to 4 p.m. on December 11 at 721 South Court Street. Eight different artists will provide pottery, soaps, jewelry, scarves and children’s books for sale. Refreshments will be served. I’ve attended this show in the past and found unique Christmas gifts.
AUDITION NOTICE: Medina Show Biz Company is holding auditions for the musical “Children of Eden” 6:30-9:30 p.m. Dec. 4 and Dec. 6 at St. Matthew Lutheran Church, 400 North Broadway. Prospective cast members should prepare one memorized musical theater song to show off their vocal range. Bring your own sheet music and a current headshot or up-to-date photo. A pianist will be provided. Actors from kindergarten age through adult are needed. Principal roles are five men, four women, two boys age 8-12, and a large ensemble with many featured roles. The performances will be held March 16-18 and 23-24 at the Haddad Theater. Rehearsals will begin Jan. 30. for more information or to schedule an audition time, e-mail Dawn at childrenofeden@zoominternet.net.
CAMPUS NEWS: Medina resident Marsha Vance has earned an Associate in Science in Nursing degree from Excelsior College in Albany, N.Y.
To submit items for What’s Brewing, e-mail whatsbrewing@zoominternet.net, fax (216) 986-7551, or mail to Sun News, 5510 Cloverleaf Parkway, Cleveland, OH 44125.
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Search for a penny produces a gold mine of information in Medina: What’s Brewing
Hedge Funds Bullish on Gold; Gold Price still Down
Posted by admin in Uncategorized on November 28, 2011
There are a growing number of articles that quote Hedge funds managers who claim to increase their exposure on gold.
On Monday, November 21st when gold price sharply declined Bloomberg reported that Hedge Funds cut their bullish bets on many commodities due to the debt concerns in Europe, but the article also showed that Hedge funds also increased their net long position in gold. This trend in gold hoarding was confirmed again today with Bloomberg’s report that gold traders continue to be bullish on the precious metal.
The only problem is that this gold hoarding isn’t represented in the current gold price. during the past couple of weeks from November 11th to November 25th – gold price declined by 5%; silver price also sharply declined by 7.8%.
The chart above shows the recent downward fall of both precious metals prices’.
This could mean that despite the growing bullish bets of Hedge Funds in gold, their purchase power doesn’t keep up with the many traders who trade down gold.
On the other hand, if this gold hoarding will continue, it’s likely to eventually change the recent downward direction of gold and silver prices and help them rally.
Forex Trading / Gold & Silver Prices – November
The Euro to U.S Dollar exchange rate didn’t do much yesterday and only slightly inclined yesterday by 0.04% to reach 1.3347. Other forex currencies also moderately appreciated against the US dollar including the Australian dollar and Canadian dollar. during November the correlations among the daily percent changes of gold price, silver price and Euro/USD, AUD/USD and CAD/USD were strong and positive; if these exchange rates will further rise, they may also pressure gold and silver prices to rally. currently Euro/USD is traded down over the growing European debt concerns, while AUD/USD is traded up.
Current Gold and Silver Prices per Ounce
The precious metals prices are currently traded with mixed trend in the American markets:
Current gold price per ounce short term future (December 2011 delivery) is traded at $1,700.9 per t oz. a $2.1 or 0.12% increase as of 15:46*.
Current silver price per ounce short term future (December 2011 delivery) is at $31.720 per t oz – a $0.244 or 0.76% decline as of 15:47*.
The current ratio of gold to silver prices per ounce is at 53.62.
For further reading:
- Gold – Is it Still Considered a Safe Haven Investment?
- Gold & Silver Prices – Daily Outlook November 24
- Gold Price and Silver Price Weekly Forecast November 21 – 25
- Gold and Silver Prices Monthly Outlook for November 2011
Lior Cohen, M.a. commodities analyst and blogger at Trading NRG.
Gold Prices
