Posts

Showing posts with the label gold

US Inflation: Annual Percent Change (1774-2007)

Image
US Inflation: Annual Percent Change (1774-2007) by  CATHERINE  on  MAY 27, 2008 in  HISTORY OF THE UNITED STATES , VE INFOGRAPHICS Here is the annual percent change of  inflation  ( CPI ) in the Untied States from 1774 to 2007, which I graphed in  my previous post , but this time I added historical events to the graph: Wars, Banking Panics, Pegging Paper Money to the  Gold  and Silver Standard, Establishment of the Federal Reserve  and the US Mint.   Data from  MeasuringWorth.org

Is Silver the Next Gold? - Seeking Alpha

Image
Is Silver the Next Gold? - Seeking Alpha : "With gold hitting another historic high Monday, I thought it might be worth taking a closer look at another precious metal on the move and one that's at a fresh thirty-year trading high: silver.... Second, and somewhere between the technical and the fundamental is the gold/silver ratio or the number of silver ounces it takes to buy a single ounce of gold. Specifically, it is very close to hitting a decade-long area of support found around 45/1 and this suggests that silver will trend higher yet .

Gold separating from the US Dollar

Image
King World News : "With gold and silver consolidating recent gains, King World News interviewed James Turk out of London.  When asked about the action in both gold and silver Turk stated, “I think the important point today is that gold has moved back above its short-term moving averages.  This should bring a great deal more buying into the market.  I was very impressed today that gold was strong in spite of the fact that the US dollar was up a full point.  Jim Sinclair has been bringing up this point, and it looks like he nailed gold separating from the dollar in terms of the action.” Turk continues: “The big shock here in London is the Irish bailout. Many were not expecting it, and when it was announced, the size of the bailout was the second shock. The implications are now that everyone is starting to look at Portugal and Spain. Portugal is a small player, so therefore its impact will be limited. Spain on the other hand is a big economy, it is larger than ...

Gold, the U.S. Dollar, and the Chinese Yuan

Image
Gold, the U.S. Dollar, and the Chinese Yuan :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website : "Commodities / Gold & Silver 2009 Jul 09, 2009 - 05:42 PM By: Jennifer_Barry In late April, a Chinese sovereign wealth fund, the State Administration of Foreign Exchange, announced that China had purchased 454 metric tons of gold over the past six years. Officials indicated that this increase was accomplished by tapping domestic mine supply and refining scrap gold. As China reported gold production of 282 t last year, the reserves have absorbed about 25% of this output since 2003."

The Dollar Hasn't Bounced

Image
by James TurkFounder of GoldMoney "I first presented the following chart with its downward pointing arrow in my alert on November 11, 2007 , and made the following observation. "When taken together, the eerie calm as the dollar collapses and the arrow in the above chart pointing to the building downside momentum suggest that the dollar is nowhere near its final low.... One can only conclude that these are not normal circumstances. In other words, I think we have reached the 'tipping point'. More people want out of the dollar than those who are willing to hold it. The final collapse of the dollar begins now. It will I expect play out over the next three to six months, culminating in a major dollar crisis. I have been waiting for two events in particular to signal that the final collapse of the dollar had begun. One was for the Dollar Index to make a new record low by breaking below 78.30, which it did just a few weeks before I drew the arrow in the above chart last No...