Latest Gold & Silver Price News

Infographic Explains Swiss Gold Referendum In Comprehensive Way

Infographic Explains Swiss Gold Referendum In Comprehensive Way

This infographic summarizes the upcoming Gold Referendum in Switzerland: Why is it important, what is at stake, why it could be a game changer and trend change. It also puts the Swiss gold reserves into perspective and compares, in relative terms, how Switzerland has much more gold per capita than any other country. However, it used to be an even bigger holder of the yellow metal. In 2000, the SNB held 2,500 tonnes of gold and it has also been the biggest national seller since.

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Gold’s Upswing In November Amid A Lower Trend Line

Gold’s Upswing In November Amid A Lower Trend Line

There is clearly an upswing present since early November, but defining this upswing is a challenge so a broad in the Raff Regression Channel. It does a pretty good job of defining direction and accounting for volatility, which we are seeing now. The lower trend line ends around 112 and I will mark support here. The long-term trend for gold is still down and GLD has a big resistance zone in the 115-116.50 area.

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Is the Golden Rule Broken?

| November 22, 2014 | Category: Investing
Is the Golden Rule Broken?

The Golden Rule may not be broken, but it may just be in the process of necessary change for it to reassert itself. For US citizens, do not get caught without holding any. For as manipulated are the stock markets by the Fed, as can be seen in the charts, the same holds true for gold and silver. The charts do not show any change in the forces being applied, and all anyone can do is read them as they are.

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Russia Grabs Another 18.7 Tonnes Of Gold In October From The Market

Russia Grabs Another 18.7 Tonnes Of Gold In October From The Market

Taking all this together, it is clear that the Eastern gold demand is largely offsetting the Western disinterest. The real effects of this evolution will become clear once the interest from the West will heat up.

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Why Gold Should Rise And Exceed Previous Highs

Why Gold Should Rise And Exceed Previous Highs

Are Russia and Europe buying more gold? Will the Swiss vote ‘yes’ in its gold referendum? Is there a chance for QE4? Peter Schiff is on Kitco News to comment on some of the most recent headlines surrounding the gold market and also to share his thoughts on the U.S. economy. The Euro Pacific CEO says the U.S. recovery isn’t real and adds that the dollar is only strong because all other currencies are weak.

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Secret Advantage Of Holding Physical Gold And Silver

| November 19, 2014 | Category: Investing
Secret Advantage Of Holding Physical Gold And Silver

Just as gold and silver held value during the inflation of the 70’s and 80’s, gold has today settled 56% higher and silver 51% higher since that Sunday night in 2008 when the world came face to face with economic annihilation. The dangers were not corrected, but only disguised with more paper debt. That makes a greater financial catastrophe possible, which could force transportation shutdowns, food shortages, lost jobs and other economic chaos, erasing that most important characteristic of money – confidence – in the dollar and other fiat currencies.

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Four Horsemen of the Apocalypse or the New Dawn

| November 19, 2014 | Category: Economy
Four Horsemen of the Apocalypse  or the New Dawn

Figuratively speaking, the Four Horsemen are trashing our world. In opposition to the Four Horsemen are the Four Rays of the New Dawn. Gold and silver will continue to be hated and denigrated by western central banks and governments. Asian governments, central banks and individuals will continue to love and accumulate gold and silver. Ask yourself why Asians want gold and Wall Street wants paper.

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Swiss Gold Referendum: Impressions Of The Latest TV Debate

Swiss Gold Referendum: Impressions Of The Latest TV Debate

Claudio Grass, managing director at Global Gold Switzerland, provided some comments on the TV debate. He first noted that the authorities are increasingly showing a need to use the government owned TV stations to push the message that the gold backing would be a big mistake. He feels that authorities are becoming increasingly nervous.

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How Gold And Silver’s Price Decline And Short Covering Was Manufactured

| November 18, 2014 | Category: Investing
How Gold And Silver’s Price Decline And Short Covering Was Manufactured

I can peg JPMorgan’s formerly manipulative short position in COMEX silver as now being no more than 8000 contracts and quite probably even lower. Never, since acquiring the massive short position of Bear Stearns in 2008, has JPMorgan’s silver short position been lower. Considering how much physical metal I believe JPM has accumulated (SLV, Silver Eagles, etc.), JPMorgan has never been better positioned for a real upside move in silver.

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Gold And Silver Price, Crude Oil and S&P Ending Large Wedge Patterns

| November 17, 2014 | Category: Price
Gold And Silver Price, Crude Oil and S&P Ending Large Wedge Patterns

Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 and June 2014. Crude oil has crashed by about 30% in the last five months. The charts show what could be an important bottom. One would think that increasing conflicts in Iraq and the Ukraine would support oil prices. The S&P 500 Index has powered higher for 5 years with only minor corrections. The “Greenspan/Bernanke/Yellen Put” has levitated the market to a very high level. It looks like a danger zone to me.

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Events Impacting The Gold And Silver Price In The Week Of November 17th

| November 17, 2014 | Category: Price
Events Impacting The Gold And Silver Price In The Week Of November 17th

For the week commencing November 17th, there are some key central bank announcements, coming from the U.S., Japan and the European Union. Below is a more detailed calendar of economic data in key markets, but, more importantly, formal central bank announcements. They are not necessarily driving gold and silver prices, but could cause price volatility. As evidenced by the calendar, the second half of the week could be very volatile.

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How Much Earmarked Gold Holds The Federal Reserve?

How Much Earmarked Gold Holds The Federal  Reserve?

The chart of foreign central bank gold holdings at the Fed over the past fifteen years shows little activity except for 2007 and 2008, when just under 410 tonnes was withdrawn – big sellers during that period included Switzerland (250 tonnes) and France (227 tonnes). It would seem that the remaining central banks holding around 6,000 tonnes are generally happy with the Fed’s free custodial storage service.

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Gold Investors Weekly Review – November 14th

| November 15, 2014 | Category: Investing
Gold Investors Weekly Review – November 14th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,189.01 up $11.03 per ounce (0.94%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 2.94%. The U.S. Trade-Weighted Dollar Index fell 0.13% for the week.

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Gold And Silver Jump On Bullish Price Action

Gold And Silver Jump On Bullish Price Action

What dominates the GLD chart is a bearish reverse flag formation. However, rather than executing with a breakdown below the flag, it broke out above the flag. When you see a bullish outcome to a bearish technical pattern it is a sign of positive momentum. This is confirmed by the Price Momentum Oscillator (PMO) which bottomed. A PMO bottom in oversold territory is generally a good set up.

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