October, 2007 | CMI Gold & Silver
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Monthly Archives: October 2007

Silver to break to the upside?

A client who trades commodities puts a lot of faith in triangle patterns. In a recent email to me and other friends, he posted the above 13-year graph of silver. His comments: If a person does not know something is possible, it is hard or impossible to take advantage of important possibilities. A prepared mind

Which to buy, gold or silver?

Investors new to precious metals often ask which is better, gold or silver. Although not a difficult topic, discussing the matter can be long and convoluted. This blog post is not intended to cover all aspects of the topic but will lay out some considerations for investors when deciding which metal to go with. What

Who owns our gold?

According to IMF statistics, the United States is the world’s largest single holder of gold, with a reported 8,133.5 tons. Germany is a distant second with 3,417.5 tons, and the IMF controls 3,217.3 tons. Also according to the IMF, the “world” owns 30,120 tons. So, the United States owns 27% of the world’s official gold

Gold sales fall short of CBGA limit

The Central Bank Gold Agreement calendar ended September 26, and early estimates have gold sales under the agreement falling short of the annual 500-ton limit. However, it appears that there was a “rush for the door” in the final weeks, which I noted in the August 1 post Rumbling of more central bank gold sales

Good news for bulls and bears

After suffering a $21 decline August 16, gold went on a tear and with Friday’s $10 gain traded in the $744 range. In about six weeks, gold tacked on nearly $100 for a 15% increase. Silver, which suffered a $1.06 drop on 8/16, posted an 18% gain of $2.20 since 8/16 but did not take