Latest Gold & Silver Price News

Respect The Gold And Silver Price Trend But Prepare For A Reversal

| October 25, 2014 | Category: Price
Respect The Gold And Silver Price Trend But Prepare For A Reversal

Given the position for gold, near its lows, the likelihood of support holding above a 50% retracement, the 1219-1220 area, is not in keeping with the character of a down trending market. For sure, buying rallies, expecting yet a higher rally has not worked in gold, to which we can attest from a few trades some time back. Time is on the side of longs who are best served being on the sidelines, for now.

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What Is The Link Between Gold And QE?

What Is The Link Between Gold And QE?

It is clear that “money printing” as such does not correlate in a one-to-one way with precious metals, although it is, so far, higly correlating with stocks. During all the QE phases, stocks have been performing well, while gold has only benefited from QE1 and QE2 as those periods where associated by the market with inflation. On the other hand, QE3 provided THE ultimate “risk on” trade; because the invisible hand of the almighty central bank was there stimulate endless risk. That is when gold was literally ababonded, at least among Western investors. The interesting part is that gold is today behaving as a “risk off” trade, sort of a “safe haven” trade.

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Precious Metals vs The Formidable Loss Of Purchasing Power Of The Dollar

Precious Metals vs The Formidable Loss Of Purchasing Power Of The Dollar

If you had purchased $100 in gold in 1971, it would be worth over $3,040 in today’s dollars. But if you had left your $100 in cash, you would still have only $100 in cash, which today only retains about 17% of its former value. Similar to gold, if you had purchased $100 in silver back in 1971, it would be worth over $1,200 in today’s dollars.

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Silver Investment Demand To Increase By One Billion Ounces Over Next Decade

Silver Investment Demand To Increase By One Billion Ounces Over Next Decade

Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver’s pedigree as a leading industrial metal, according to a report released today by the Silver Institute. The report, entitled “Silver Investment Demand,” suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.

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Is A Demand Shock In The Gold Market Coming?

Is A Demand Shock In The Gold Market Coming?

If the referendum in Switzerland goes in favor of the country going back to the gold standard, and other factors come into play in the global markets, the precious metal’s prices will skyrocket in no time. With all this said, every time gold bullion prices have declined, I have been telling my readers it’s a buying opportunity. The way I look at it, the precious metal has had a solid 12 years of gains and in 2013, when prices declined, it was pretty much a gift for investors.

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Russia Adds A Record 1.2 Mio Ounces Gold To Its Reserves

Russia Adds A Record 1.2 Mio Ounces Gold To Its Reserves

As evidenced by the Russian central bank, it appears that Russia has added another 1,200,000 ounces of physical gold to their reserves. Total Russian gold reserves now stand at 37,000,000 ounces, or 1049 tonnes. The following chart, courtesy Sharelynx, shows the increase of Russian gold reserves over the last 8 years. It is very interesting to note how September 2014 attributed to the biggest month-on-month increase ever. Only in May 2010 was there an increase which came close to the one of last month with an addition of 1.1 million ounces.

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Gold Is Extending Its October Run

Gold Is Extending Its October Run

The correction in the Dollar helped gold as the Gold SPDR GLD advanced over 5% from its early October low. The first chart shows GLD breaking the August trend line and moving back above the support break. In an interesting twist, gold is ignoring weakness in the Euro today and moving higher. While I am not sure if this will last, I would mark first support at 118 and stay positive on gold as long as this level holds. All bets are off if the Dollar breaks out to the upside.

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Gold & Silver Show Mixed Signals While Bitcoin Shows Relative Strength

Gold & Silver Show Mixed Signals While Bitcoin Shows Relative Strength

Bitcoin’s correlation with gold has started to reverse, moving to +0.76 from a high last week of +0.88. This makes forecasting future bitcoin price movements more difficult if it is beginning to act less like gold, who’s behavior has become well-understood in relation to the US economic narrative of growth and Federal Reserve tightening. Right now, the bitcoin market remains very stochastic and open to market manipulation. There are no clear demand-side factors that we can rely on for sustained demand of the currency.

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What The Strong Dollar Does With The Price Of Gold

| October 20, 2014 | Category: Price
What The Strong Dollar Does With The Price Of Gold

As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. For the 12-month period, our currency has seen a 1.1-standard deviation move, which has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil.

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Gold or Crushing Paper Debt

Gold or Crushing Paper Debt

Our financial world seems more unstable and more dangerous than usual. Which has been safer under difficult economic and political conditions during the past 3,000 years – gold or debt based paper?

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Financial World Is A House Of Cards Built On Sand

| October 19, 2014 | Category: Economy
Financial World Is A House Of Cards Built On Sand

The damage being done to the world economy has no precedent. The extent to which the world is being manipulated has no precedent. The degree of endless “wars” engaged in and provoked by the United States in has no precedent. The amount of worthless “currency” being used by the moneychangers to fleece the world of its wealth does have a precedent in the Rothschild formula, but the degree to which it has been utilized has no precedent. One day, and it is a certainty, the value of gold and silver will double, triple, or some unknown multiple of current suppressed values, and those who have been bemoaning the current prices will be equally rewarded as those who have kept the faith and knew that it was just a matter of time.

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What Happens With The Gold Price If Deflation Wins?

What Happens With The Gold Price If Deflation Wins?

It’s hard to argue that high debt levels are deflationary. And with the current expansion based largely on debt, we can’t expect sustainably higher economic activity to be generated. So what happens if deflation wins? Even if we eventually get inflation, what happens to our gold investments if we first go through a deflationary bust?

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The Development and Opening of China’s Gold Market

The Development and Opening of  China’s Gold Market

This is a translation of a speech delivered by Xu Luode, Chairman of the Shanghai Gold Exchange, about China’s gold market. He said he thinks China’s gold market is developing very well. He is very confident about the launch of our international board and very optimistic about the development of our gold market as a whole. In terms of development opportunities for the entire gold market in China. There is a tremendous potential for China’s physical gold market.

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What Has The Gold Price Done Since 9-11

| October 16, 2014 | Category: Price
What Has The Gold Price Done Since 9-11

Note the graph of the ratio of gold to the S&P 500 Index. Both are rising together and gold is now inexpensive (again) compared to the S&P 500 Index, like it was on 9-11. Since 9-11 crude oil prices have gone much higher and crashed lower but on average they have increased with gold prices.

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