Latest Gold & Silver Price News

Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

| April 19, 2014 | Category: Price
Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

We see charts as the “improved mousetrap,” as it were, and superior as a tool for market timing over fundamentals, or any other similar undertaking, for relating to what and when to buy in the markets. Still, there are not that many converts who pay more attention to what the market is saying. The one thing we know for sure is, regardless of whatever one has in the form of expectations, they are always subordinate to the final arbiter over price, and that is the market itself. The best we can say about gold is that it may be transitioning from its protracted down trend. The signs that gold remains under pressure are still there, bearish spacing, lower swing highs, etc, and that means any buying has to be very select, or not at all, again, profit being the only objective.

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How Silver is Making a Slow Recovery in 2014

| April 17, 2014 | Category: Price
How Silver is Making a Slow Recovery in 2014

Whichever option you choose, following the gold and silver price per ounce is an easy way to monitor your investment. With both precious metals looking to make a recovery this year, 2014 could be a great time to add silver to your portfolio.

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Gold, Silver And The Mining Sector: Prepare For A Severe Fall

| April 17, 2014 | Category: Price
Gold, Silver And The Mining Sector: Prepare For A Severe Fall

Gold’s progress was characterized by a sudden steepening of the curve leading to a final blow off when the price had gotten ahead of itself. We now need to see a similar occurrence take place during a sell off. However, this sell off, as torrid as it has been lacks that final spike down which occurs when even the most ardent bulls have had a guts full and finally throw the towel in. Gold and silver’s inability to sustain a decent rally suggests that it could re-visit and test its old June lows. Should this support fail to hold we could then experience a rather disorderly sell off taking gold back to the $1000/oz level.

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Is Silver In A Bull Or Bear Market?

Is Silver In A Bull Or Bear Market?

In the big picture of things, Morgan does not consider the $25 resistance level as THE most important fact. If silver goes to $100 an ounce, which is line with Morgan’s expectations, it will not make a difference whether you bought at $20 or $30. From that point of view, the grey metal is now in a bear cycle during a secular bull market. After gold and silver have gone up for 12 years in a row, it went lower the 13th year. There is nothing unusual about that, as all markets go up and down.

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Silver, Gold, and What Could Go Wrong

Silver, Gold, and What Could Go Wrong

Richard Russell is almost 90 years old and has seen it all.  He recently stated: “My advice, as it has been, is to move to the sidelines while holding large positions in physical silver and gold.  Regardless of what the markets do, silver and gold represent eternal wealth, and the bid to sleep undisturbed at night.  No amount of money is worth the loss of peace of mind.  The power of gold opened the American West and populated Alaska.  Men have spent their lives searching for gold.  You can own gold by the simple action of swapping Federal Reserve notes for the yellow metal.  I advise you to do it.”  […]

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How to Invest in, Buy, Sell, Store and Insure Precious Metals in Canada

How to Invest in, Buy, Sell, Store and Insure  Precious Metals in Canada

In this report, the authors discuss options of investing in physical (bullions, numismatic coins and collectible items, junk coins, silverware and flatware, jewelry) and paper (trusts, investment through companies that buy/sell and store precious metals for you, deposit programs, bank gold/silver certificates) precious metals. Readers get to know all available options along with advice on how to buy and sell precious metals on Ebay, which can be very profitable if you follow our recommendations.

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Palladium Price Set To Go Higher On Supply Shortage

| April 14, 2014 | Category: Price
Palladium Price Set To Go Higher On Supply Shortage

As indicated previously, both platinum and palladium have broken out of a long trading trange. The following chart shows how palladium is holding up very well above the support line (which once was very strong resistance), and is even building up strength. The law of supply and demand will kick soon kick in, taking the two grey metals higher. In particular, palladium could surprise many with much higher prices in the (near) future.

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Jim Rickards: Money Printing Will Destroy Confidence At Some Point

Jim Rickards: Money Printing Will Destroy Confidence At Some Point

On the myth that it is not important how much is printed, Jim Rickards says that the Fed’s safety net of printing has holes in it. If the money printing could go on indefinitely then you would be right and I would agree with you but it cannot go on indefinitely. The Fed could legally print more than the $4 trillion they’ve already created — $8 trillion, $12 trillion, $16 trillion. Some people say that they can do that — legally they can but they will destroy confidence at some point.

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Contrarian Value Investors Are Taking Large Positions In Gold And Miners

Contrarian Value Investors Are Taking Large Positions In Gold And Miners

In his latest Gold Investment Letter, John Hathaway writes that chances are high that the bottom is in for precious metals and miners. The most interesting statement in the investor letter is the observation that tontrarian value investors are entering the precious metals market, both the metals and miners. That is a signficant evolution, and the most important sign of strength.

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Miners Index Charts Show Domed House and Three Peaks

Miners Index Charts Show Domed House and Three Peaks

Both the Domed House and the Three Peaks Patterns have violent up moves, followed by strong reversals. It is important to keep in mind that all markets return to the mean. The charts are suggesting that odds favor an upside move for the Miners and a correction for the SPX Index on the intermediate term trend.

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Gold Investors Weekly Review – April 11th

Gold Investors Weekly Review – April 11th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,318.42, up $14.77 per ounce (1.13%). The NYSE Arca Gold Miners Index rose 0.06% on the week.

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2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

| April 12, 2014 | Category: Price
2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

We could see a marking of time during which all of this continues to unfold. No one has a clue as to the how or to the when, which is why 2014 could be an extension of 2013. The way in which Obama keeps prodding Russia could precipitate an event that escalates out of control, just possibly, as an example. This is why we say to watch out for weekend surprises. When people least expect, and/or are in a position to least react, some kind of announcement could be made that devalues the fiat Federal Reserve Note, still wrongly called the “dollar.”

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There Is No Direct Relationship Between Gold Price And ETF Stocks

There Is No Direct Relationship Between Gold Price And ETF Stocks

It does puzzle me why people think there should be a direct relationship between open interest or ETF stocks and price, given that they don’t have any problem understanding that the price of a company’s shares can go up and down while the number of shares on issues doesn’t change.

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Gold Price Holding Up Well But Next Catalyst Unclear

| April 10, 2014 | Category: Price
Gold Price Holding Up Well But Next Catalyst Unclear

I cannot see what would cause this market to break out of its current range at this time. The Dollar would either have to drop off sharply breaking down below 79 on the USDX or interest rates would have to plummet sharply here in the US, along with perhaps a larger selloff in the broader equity markets to take it up out of the top end of the range.

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