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considering all the INFLATION headlines lately, this seems contradictory?
http://www.commodityonline.com/news/...36375-3-1.html
Marc Faber: Gold, Silver prices to fall
LONDON (Commodity Online): Legendary investor, economist and commodities analyst Marc Faber says that prices of precious metals, especially gold and silver, could fall, but investors need not worry because the dip in the prices of these commodities will be shot term.
In his February outlook on commodities, Faber who is better known as the editor and publisher of the Gloom Boom and Doom report said that commodities have reached the parabola stage.
Warning that investors should prepare for some downside volatility in commodities, Faber said that long term he is still bullish on the metals.
But Faber said that precious metals, especially gold and silver could fall in the short term with the general market.
Gold could fall to the $1,100-1,200 area, Faber said.
For investors this should not cause any alarm because with the fiscal problems of the US and further monetization, the future for gold is still bright, he said.
Faber would use any decline in precious metals to add to his positions.
Faber is concerned about commodities, as they are currently very overbought by almost any measure. He goes on to say that commodities seem to have reached the parabola stage--going straight up, which is usually the very end of the move. Yes, it could last longer than anyone expects, but at some point prices will collapse again, as they did back in 2008.
This cycle, Faber notes, always occurs as higher prices lead to an increase in supply, which eventually overwhelms the market causing prices to fall. The cycle is longer for industrial commodities compared to agricultural prices as it is harder to build a new copper mine than it is for a farmer to plant more soybeans.
This cycle will play out even with the Fed's money printing. Investors should prepare for some downside volatility in commodity prices.
and then : Comex Gold lower as US Dollar Index rebounds ?
http://www.commodityonline.com/news/...36390-3-1.html
Published on: February 10, 2011 at 22:05
By Jim Wyckoff
(Kitco News) - Comex gold futures prices are trading lower Thursday morning, as a firmer U.S. dollar index and increased investor risk appetite worldwide work to pressure the yellow metal. Comex April gold last traded down $13.00 at $1,352.20 an ounce. Spot gold last traded down $11.30 at $1,353.00.
New multi-year highs in the U.S. stock indexes this week, combined with multi-month lows in the U.S. Treasury market prices, are suggestive of investor risk appetite that's on the upswing, and that's taking investment demand away from safe-haven gold.
Gold prices extended losses Thursday morning following a bigger-than-expected decline in U.S. weekly jobless claims data that did push the dollar index even higher on the day.
The U.S. dollar index is trading solidly higher Thursday morning, in the wake of the jobless report and on a short-covering bounce in a market that is still overall technically bearish. Still, the overall technically bearish posture of the U.S. dollar index favors the gold market bulls.
Crude oil prices are under mild selling pressure Thursday morning, which is also an underlying negative for gold.
The specter of raw commodity and consumer price inflation increasing in the coming months will limit selling interest in gold, which is an asset held as a hedge against inflationary price pressure.
News earlier this week that China raised key interest rates in a move to curb domestic demand and reduce inflationary pressures has gold traders more focused on the inflationary fires that could become hotter in the coming months. Gold market bulls have also not lost sight of what they call "the U.S. government printing press" that has created so many dollars the past several months, which is also a prescription for increasing inflationary pressure.
China traders and investors are starting to come back from the Lunar new year holiday, and market watchers are waiting to see if strong physical demand for precious metals from the world's most populous nation continues. Some analysts believe Asian demand for physical gold may decrease a bit in the coming weeks.
U.S. economic data due for release Thursday includes the weekly jobless claims report, wholesale trade inventories and Treasury receipts and outlays.
The London A.M. gold fixing was $1,358.75 versus the previous P.M. fixing of $1,365.00.
Technically, the gold market bulls have regained some upside near-term technical momentum this week. Prices are still in a three-week-old uptrend on the daily bar chart.
Gold bulls' next near-term upside technical breakout objective is to produce a close above solid technical resistance at the $1,380.00 area. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week's low of $1,344.10. First resistance is seen at the overnight high of $1,365.00 and then at this week's high of $1,368.70. Support is seen at $1,350.00 and then at $1,344.10.
March silver futures last traded down 50.0 cents at $29.77 an ounce Thurssday morning. Profit-taking pressure is featured after prices hit a fresh six-week high on Wednesday. Silver bulls still have the solid overall near-term and longer-term technical advantage. Prices are still in a three-week-old uptrend on the daily chart.
The next downside price breakout objective for the silver bears is closing prices below solid technical support at $29.00. Bulls' next upside price objective is producing a close above solid technical resistance at the January contract and 30-year high of $31.275 an ounce. First support is seen at $29.50 and then at $29.26. Next resistance is seen at $30.00 and then at the overnight high of $30.225.
at the moment ag = above 30 again, with eagles back above 33
whats the iTulip consensus/crystalball look like, another dip coming or have we seen the low for the year?
comments?
http://www.commodityonline.com/news/...36375-3-1.html
Marc Faber: Gold, Silver prices to fall
LONDON (Commodity Online): Legendary investor, economist and commodities analyst Marc Faber says that prices of precious metals, especially gold and silver, could fall, but investors need not worry because the dip in the prices of these commodities will be shot term.
In his February outlook on commodities, Faber who is better known as the editor and publisher of the Gloom Boom and Doom report said that commodities have reached the parabola stage.
Warning that investors should prepare for some downside volatility in commodities, Faber said that long term he is still bullish on the metals.
But Faber said that precious metals, especially gold and silver could fall in the short term with the general market.
Gold could fall to the $1,100-1,200 area, Faber said.
For investors this should not cause any alarm because with the fiscal problems of the US and further monetization, the future for gold is still bright, he said.
Faber would use any decline in precious metals to add to his positions.
Faber is concerned about commodities, as they are currently very overbought by almost any measure. He goes on to say that commodities seem to have reached the parabola stage--going straight up, which is usually the very end of the move. Yes, it could last longer than anyone expects, but at some point prices will collapse again, as they did back in 2008.
This cycle, Faber notes, always occurs as higher prices lead to an increase in supply, which eventually overwhelms the market causing prices to fall. The cycle is longer for industrial commodities compared to agricultural prices as it is harder to build a new copper mine than it is for a farmer to plant more soybeans.
This cycle will play out even with the Fed's money printing. Investors should prepare for some downside volatility in commodity prices.
and then : Comex Gold lower as US Dollar Index rebounds ?
http://www.commodityonline.com/news/...36390-3-1.html
Published on: February 10, 2011 at 22:05
By Jim Wyckoff
(Kitco News) - Comex gold futures prices are trading lower Thursday morning, as a firmer U.S. dollar index and increased investor risk appetite worldwide work to pressure the yellow metal. Comex April gold last traded down $13.00 at $1,352.20 an ounce. Spot gold last traded down $11.30 at $1,353.00.
New multi-year highs in the U.S. stock indexes this week, combined with multi-month lows in the U.S. Treasury market prices, are suggestive of investor risk appetite that's on the upswing, and that's taking investment demand away from safe-haven gold.
Gold prices extended losses Thursday morning following a bigger-than-expected decline in U.S. weekly jobless claims data that did push the dollar index even higher on the day.
The U.S. dollar index is trading solidly higher Thursday morning, in the wake of the jobless report and on a short-covering bounce in a market that is still overall technically bearish. Still, the overall technically bearish posture of the U.S. dollar index favors the gold market bulls.
Crude oil prices are under mild selling pressure Thursday morning, which is also an underlying negative for gold.
The specter of raw commodity and consumer price inflation increasing in the coming months will limit selling interest in gold, which is an asset held as a hedge against inflationary price pressure.
News earlier this week that China raised key interest rates in a move to curb domestic demand and reduce inflationary pressures has gold traders more focused on the inflationary fires that could become hotter in the coming months. Gold market bulls have also not lost sight of what they call "the U.S. government printing press" that has created so many dollars the past several months, which is also a prescription for increasing inflationary pressure.
China traders and investors are starting to come back from the Lunar new year holiday, and market watchers are waiting to see if strong physical demand for precious metals from the world's most populous nation continues. Some analysts believe Asian demand for physical gold may decrease a bit in the coming weeks.
U.S. economic data due for release Thursday includes the weekly jobless claims report, wholesale trade inventories and Treasury receipts and outlays.
The London A.M. gold fixing was $1,358.75 versus the previous P.M. fixing of $1,365.00.
Technically, the gold market bulls have regained some upside near-term technical momentum this week. Prices are still in a three-week-old uptrend on the daily bar chart.
Gold bulls' next near-term upside technical breakout objective is to produce a close above solid technical resistance at the $1,380.00 area. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week's low of $1,344.10. First resistance is seen at the overnight high of $1,365.00 and then at this week's high of $1,368.70. Support is seen at $1,350.00 and then at $1,344.10.
March silver futures last traded down 50.0 cents at $29.77 an ounce Thurssday morning. Profit-taking pressure is featured after prices hit a fresh six-week high on Wednesday. Silver bulls still have the solid overall near-term and longer-term technical advantage. Prices are still in a three-week-old uptrend on the daily chart.
The next downside price breakout objective for the silver bears is closing prices below solid technical support at $29.00. Bulls' next upside price objective is producing a close above solid technical resistance at the January contract and 30-year high of $31.275 an ounce. First support is seen at $29.50 and then at $29.26. Next resistance is seen at $30.00 and then at the overnight high of $30.225.
at the moment ag = above 30 again, with eagles back above 33
whats the iTulip consensus/crystalball look like, another dip coming or have we seen the low for the year?
comments?
enlarge 
http://www.kitcosilver.com/charts/silverleaserate.html
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