MinKL Invest: 07/19/11

Tuesday, 19 July 2011

Gold & Silver's Daily Market Commentary - GoldSeek.com

Posted Tuesday, 19 July 2011

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch -GoldForecaster.com

With gold closing in New York at the record high of $1,602 and U.S. investors buying over 10 tonnes worth of shares in the gold Exchange Traded Fund of SPDR, U.S. investors are returning to the gold market with a bang. While the dollar and the euro continue to fall against other main global currencies, the dollar fell faster than the euro yesterday. It stood at $1.4197 against the euro in London’s morning today. Gold in the euro stood at €1,129.18 down €7 from its peak.

It then Fixed at $1,602.00 a new record high. In the euro it Fixed at €1,129.04. After the Fix gold continued to rise moving to $1,605 ahead of New York’s opening. The euro rose against the dollar to €1: $1.4198, a recovery of almost 2 cents on the day.

Just ahead of New York’s opening, gold dipped slightly to $1,600.55 alongside a dollar standing at €1: $1.4193 with gold in the euro at €1,128.02.

Silver is steady in London having Fixed at $40.32 and trades at $40.17 ahead of New York’s opening.

Gold - Very Short-term

Gold may well pause today, in New York today.

Silver – Very Short-term

Silver may well pause today, in New York today.

Silver & Gold Price Drivers

The main gold and silver price drivers of the day remain the debt crises on both sides of the Atlantic. What is in the process of changing is the appreciation of the consequences of the crises and the intractability of the underlying problems. When the problems first broke there was the denial. Then there was the hope that by selling assets plus a few more loans from their richer co-members of the E.U. the problems could be overcome. Add the hope of economic recovery and still Europe believed the problems were solvable. The bust came when it was properly realized that Greece just would not be able to repay its debt. The procrastination and disagreements between the E.C.B. and Germany has done further damage. The ratings agencies did their job and told it like it was. Now contagion, and with the E.C.B. saying it would not accept Greek debt as collateral, Europe is moving towards doubting the euro itself. The survival of the Eurozone is now subject to speculation.

Beware of the danger of believing that the gold price is dependent on the debt crises alone.

Emerging market demand is the main persistent force and uninfluenced by these debt crises. The overall failure of paper currencies will bring much more demand from the developed world in the future. [The Gold Forecaster and Silver Forecaster discuss all these points and more making them a “must-read” for all who want to understand why the gold and silver prices are moving as they are and why.]

Subscribe at www.GoldForecaster.com or for silver at www.SilverForecaster.com

Gold Prices in different currencies which highlight currency moves [We add the Swiss Franc today]:

Swiss Franc – Today: Sf1,314.05: 1 ounce of gold. Friday: Sf1,306.20: 1 ounce of gold.

U.S. $ - Today: $1,600.55: 1 ounce of gold. Friday: $1,597.80: 1 ounce of gold.

Euro - Today: €1,128.02: 1 ounce of gold. Friday: €1,137.06: 1 ounce of gold.

India –Today: Rs. 71,366.92: 1 ounce of gold. Friday: Rs.71,142.05: 1 ounce of gold.

Regards,

Julian D.W. Phillips for the Gold & Silver Forecasters

-- Posted Tuesday, 19 July 2011

http://news.goldseek.com/GoldForecaster/1311081189.php

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Precious Metals Ready for Big-Time Run as Global Breakdown Begins

Precious Metals Ready for Big-Time Run as Global Breakdown Begins
Posted Monday, 18 July 2011

By Jordan Roy-Byrne, CMT

An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support. At the same time, important global stock markets are in the early stage of a technical breakdown. We don’t foresee a repeat of 2007-2008, yet odds are good that global stock markets are beginning a cyclical bear market and unlike the last cycle this is coming at a time when precious metals are set to accelerate to the upside.

Finally, in analyzing bull markets lasting 15-20 years, we’ve noted that an acceleration in trend usually begins in the 11th or 12th year and is obvious by the end of the 12th year. Gold is in its 12th year while the 12th year for gold stocks would begin in Q4 of this year. Note that Gold has broken to a new high ahead of the typical breakout in September. That is another hint at what is to come. The next 18 to 24 months figure to be quite exciting and extremely profitable for those invested in this bull market. If you’d like to learn more about how to profit, manage risk and have a professional guide you, then you can learn more about our service here.
Good Luck!
Jordan Roy-Byrne, CMT
Jordan@TheDailyGold.com

-- Posted Monday, 18 July 2011 http://news.goldseek.com/GoldSeek/1311012392.php

http://news.goldseek.com/GoldSeek/1311012392.php

Part 2 - Trend Line Update Silver

endlessmountain | Jul 18, 2011

http://thesilverlog.blogspot.com

Where is Gold going? Ichimoku analysis of Futures market 7-17-11

sunman4008 | Jul 17, 2011 | 71 views

Weekly Ichimoku Technical analysis for the Future Market. We analyze various futures to determine what the sentiment for the market is as well as checking to see if a trend is occurring. If you are a day trader, swing trader, long term trader, etc, watch this video! Follow us on twitter @ ichimokutrading. www.ichimokutrade.com to learn more about Ichimoku

Recycling Computers - Gold

kbgoldcard on Jul 18, 2011

https://www.kb-vision.com/?s=79072 How precious metals are savaged from unwanted computers.GOLD

Hyper-Inflation To Push Gold To Double

LowerDebtASAP on Jul 18, 2011

http://www.GettingRichGuide.com Aaron Lee Smith, MD of Superfund Singapore predicts gold to easily double next year. Jim Rogers, Robin Griffiths and Jurg Kiener hold the same view as global central banks' insistence on printing their way out of economic turmoil is setting the stage for a hyperinflationary holocaust, a knock-on effect of which will be gold's acceleration towards $2000, as demand for precious metals outstrips supply.This Video Doesn't Belong to this Channel

Owning physical metals is a wise investment choice

interactiveinvestor on Jul 18, 2011

Angus Murray, CEO at Castlestone Management, says that funds which physically own precious metals should be a fundamental facet of any portfolio, with popularity rising of late as investors seek protection against currency devaluation.

Gold Prices Soar, Savannah Jewelers See More Customers Selling than Buying

http://www2.wsav.com/news/2011/jul/18/gold-prices-soar-savannah-jewelry-stores-see-more--ar-2156264/

SAVANNAH, Ga. - Uncertainty in the U.S. and Europe contributed to soaring gold prices Monday. As jewelry stores watch the value rise, they're also seeing more people selling gold rather than buying it

By TUQUYEN MACH
Published: July 18, 2011

» 0 Comments | Post a Comment

SAVANNAH, Ga. --

The uncertainty over the U.S. debt ceiling and widely publicized financial troubles inEurope all contributed to soaring gold prices Monday.

The king of precious metals hit a record $1602.40 per ounce. That is the highest dollar value for gold but actually below the record level reached in the 1980's after accounting for inflation.

But as jewelry stores watch the value of gold go up, they're also seeing more people come in the doors to sell gold rather than buy it.

"If things don't get better I think it's going to continue to climb. I don't think we've seen the end of it yet," saidRobert Anderson, owner of Anderson Jewelers.

Anderson Jewelers in Savannah opened in 1943 when the price of gold was just $33 an ounce.

News 3 visited them on March 5, 2008, when gold had reached a record of $995 per ounce.

"We're trying to just not buy, except what we have to buy right now," said Janice Anderson in 2008.

More than 3 years and a 61 percent price increase later, Robert Anderson said any where from five to ten people a day come in to sell their gold.

"A lot of people now are turning to sterling silver," he said. "We're not selling a whole lot of gold but we are buying a lot of gold."

A prime example of the economic shift to more affordable metals is a 133 gram, 18K gold necklace that was purchased years ago when gold was $300 per ounce. The piece is still in the store.

http://www2.wsav.com/news/2011/jul/18/gold-prices-soar-savannah-jewelry-stores-see-more--ar-2156264/

The Dollar, Gold and SP500 Trend Analysis - totalinvestor.blogspot.com

http://totalinvestor.blogspot.com/2011/07/dollar-gold-and-sp500-trend-analysis.html

The Dollar, Gold and SP500 Trend Analysis

The dollar is and has been in a strong down trend for many years and I feel as though it’s getting close to another major land slide. It could take place any time in the next month or so according to my weekly chart analysis.

The general rule is if the dollar falls in value then we tend to see both stocks and commodities rise. The inverse relationship at times can be tick for tick meaning if the dollar ticks down one increment then we see the broad market or specific commodities move in the opposite direction at the same time.

http://totalinvestor.blogspot.com/2011/07/dollar-gold-and-sp500-trend-analysis.html

50 Gold Facts That May Surprise You | InvestingAnswers

http://www.investinganswers.com/a/50-surprising-facts-you-never-knew-about-gold-1370

By InvestingAnswers Staff

June 18, 2010

1. The word "gold" comes from the Old English word "geolu," meaning yellow.

2. There is more steel created per hour than there has been gold dug up throughout history.

3. Around 161,000 tons of gold have been mined by humans.

4. Gold can be found beneath the earth on all seven continents.

5. It is believed that around 80% of earth's gold is still buried underground.

6. There is an estimated total of 10 billion tons of gold in the world's oceans. That is 25 tons of gold for every cubic mile of seawater.

7. The world’s first gold vending machine was unveiled in May 2010. Located in an ultra-luxury hotel in Abu Dhabi, the vending machine itself is covered in 24-carat gold.

8. Most western economies' currencies were on the gold standard until 1961.

9. Switzerland was the last country whosecurrency was tied to gold. 40% of a Swiss Franc was backed by gold until Switzerland joined the IMF in 1999.

10. The gold held at Fort Knox is accounted for by the United States as an asset valued at $44.22 per ounce.

11. As of December 31, 1941 Fort Knox held 649.6 million ounces of gold.

12. Today, Fort Knox holds about 147.3 million ounces.

13. The size of a standard gold bar is 7" by 3 and 5/8" by 1 and 3/4"

14. Alchemists believe they can change ordinary materials, such as lead, into gold.

15. A carat was originally a unit of mass based on the carob seed used by ancient merchants.

16. The most expensive gold coin in the world is the 1933 Double Eagle, which was sold at Sotheby's in New York in 2002 for $7.59 million.

17. Elvis Presley owned three cars manufactured by Stutz Motor Company, in which every part that is normally chrome was converted to gold.

18. Former Tyco International CEO Dennis Kozlowski bought a gold-threaded shower curtain worth $6,000.

19. A noble metal, gold is prone neither to rust nor tarnish and does not form an oxide film on its surface when coming into contact with air.

20. There are 92 naturally occurring elements found in the earth's crust. Gold ranks 58th in rarity.

21. The chemical symbol for gold is Au, which is derived from the Latin word "aurum," which means "shining dawn."

22. Absolutely pure gold is so soft that it can be molded with the hands.

23. The melting point of gold is 2,063 degrees Fahrenheit.

24. Gold is a great conductor of electricity.

25. Gold is the most malleable and ductile pure metal known to man.

26. An ounce of gold can be beaten into a sheet covering 100 square feet.

27. In 1869, two Australians unearthed the world's largest nugget of gold, the "Welcome Stranger," which measured 10 by 25 inches before it was melted down.

28. The largest nugget still in existence is the "Hand of Faith," found in 1980 in Australia. It is currently on display at the Golden Nugget Casino in Las Vegas.

29. A gold nugget found in the earth can be three to four times as valuable as the gold it contains because of its rareness.

30. The heaviest modern gold bullion coin is Austria's Philharmonic. In 2004, the coin, which has a weight of 1,000 ounces (31.1 kilograms or 69 troy pounds or 828 troy ounces) and a diameter of 15 inches, was dubbed the world’s largest gold coin by Guinness World Records.

31. In 2007, Canada made a 100 kilogram (3,217 troy ounce), 0.99999 gold coin with a face value of $1,000,000.

32. Pure gold does not cause skin irritations.

33. Some sufferers of rheumatoid arthritis receive injections of liquid gold to relieve pain.

34. Olympic gold medals were pure gold until 1912.

35. An ounce of gold can be drawn into a wire 60 miles long.

36. Two thirds of the world's gold comes from South Africa.

37. India is the world's largest consumer of gold today.

38. South Asian jewelry is generally more pure than western jewelry, comprised of 22 carat gold rather than 14 carat.

39. Gold is the state mineral of California and Alaska.

40. 90% of the world's gold mining has been done since the discovery of gold at Sutter's Mill in California in 1848.

41. During the California gold rush, some speculators paid more for an ounce of water than they received for an ounce of gold.

42. South Dakota and Nevada produce more gold than any other states.

43. Scientists believe that gold can be found on Mars, Mercury, and Venus.

44. The visors of astronauts' helmets are coated in a very thin, transparent layer of gold (.000002 inches) that reduces glare and heat from sunlight.

45. The Aztec word for gold, "teocuitatl," was translated by Europeans as meaning "excrement of the gods."

46. According to the legend of El Dorado (the gilded one), an Andean chief who was covered in gold dust would make offerings of gold into a mountain lake.

47. Evidence suggests that around 5,000 B.C., gold and copper became the first metals to be discovered by man.

48. King Croesus of Lydia created the first pure gold coins in 540 B.C.

49. When Franklin Roosevelt raised the price of gold from $20.67 to $35 in 1934, the dollar immediately lost 40% of its value.

50. Henry VIII, Diocletian and Nero were infamous gold debasers, mixing other metals into gold coins and decreasing their value.

http://www.investinganswers.com/a/50-surprising-facts-you-never-knew-about-gold-1370

Spandau Ballet - Gold

spandauballetVEVO on Nov 15, 2009

Music video by Spandau Ballet performing Gold. (P) 1986 Sony Music Entertainment UK Limited

What the World's Weirdest Commodities are Worth | InvestingAnswers

By InvestingAnswers Staff

July 14, 2011

But over the last decade the commodity ETFspace has expanded impressively, exposing investors to up-and-coming commodities like biofuels, lead, copper and nickel.

In fact, some investors have made a fortune capitalizing on the price changes of "obscure" commodities with high demand trends.

That got us thinking, what are some of the most obscure commodities traded in the world, and how much are they worth? The question led us to some fascinating finds.

http://www.investinganswers.com/a/how-much-youll-pay-some-worlds-weirdest-commodities-3076

110718 - Hyper Report

HyperReport on Jul 18, 2011

This Hyper Report is sponsored by FutureMoneyTrends.com (http://futuremoneytrends.com/ )

Source Links for Today's Items:

On the Edge
http://www.economist.com/node/18958397?frsc=dg|a

Crisis And Collapse Unfortunate but Inevitable
http://theinternationalforecaster.com/International_Forecaster_Weekly/Crisis_...

If Debt Ceiling Talks Yield no Deal, How Bad for US Economy?
http://www.csmonitor.com/USA/Politics/2011/0715/If-debt-ceiling-talks-yield-n...

Bankruptcy Bar? States Aim to Deny Distressed Cities Chapter 9 Option
http://amlawdaily.typepad.com/amlawdaily/2011/07/chapter9.html

How Much You'll Pay for Some of the World's Weirdest Commodities
http://www.investinganswers.com/a/how-much-youll-pay-some-worlds-weirdest-com...

Mining Shares Will Be Like Internet Stocks in the '90's
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/13_Embry_-...

White House Attempt to Control News Reporting Confirmed
http://www.wnd.com/index.php?fa=PAGE.view&pageId=322065

The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.

This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...

Thank you.

MinKL Invest

Pages

Tuesday, 19 July 2011

Gold & Silver's Daily Market Commentary - GoldSeek.com

Precious Metals Ready for Big-Time Run as Global Breakdown Begins

Part 2 - Trend Line Update Silver

Where is Gold going? Ichimoku analysis of Futures market 7-17-11

Recycling Computers - Gold

Hyper-Inflation To Push Gold To Double

Owning physical metals is a wise investment choice

Gold Prices Soar, Savannah Jewelers See More Customers Selling than Buying

Gold Prices Soar, Savannah Jewelers See More Customers Selling than Buying

The Dollar, Gold and SP500 Trend Analysis - totalinvestor.blogspot.com

The Dollar, Gold and SP500 Trend Analysis

50 Gold Facts That May Surprise You | InvestingAnswers

Spandau Ballet - Gold

What the World's Weirdest Commodities are Worth | InvestingAnswers

110718 - Hyper Report

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