Latest Gold & Silver Price News

Currency Turmoil Make Gold And Silver Ownership a Necessity

Currency Turmoil Make Gold And Silver Ownership a Necessity

The first two months of 2015 have seen turmoil in the currency markets extend from Russia and Ukraine to the heart of Europe. “Central Banks Now Open 24/7 Fighting Currency Wars and Deflation,” blared a February 12th Bloomberg headline. Against this backdrop, precious metals have been on the rise in terms of all currencies except the Swiss franc and the U.S dollar.

Continue Reading

Save Money, Keep Warm by Wearing Nanosilver Clothing

Save Money, Keep Warm by Wearing Nanosilver Clothing

Indoor heating accounts for about half of the world’s energy consumption, according to the International Energy Agency, so researchers at Stanford University wondered if wearing clothes with imbedded silver nanowires would allow people to lower their thermostats. These clothes would also keep people comfortable in cold weather outside.

Continue Reading

Precious Metals Insurance Against Destructive Policies Of Financial/Political Ellite

Precious Metals Insurance Against Destructive Policies Of Financial/Political Ellite

What I find extremely annoying is the fact that while these banks commit just about every financial crime imaginable, the regulatory bodies refuse to prosecute any banker and continue to harass hard working individuals instead. And, many of these individuals have merely taken precautionary measures to protect their wealth against corrupt governments as well as bad monetary policies.

Continue Reading

Mind The Risks Of Sovereign Debt, Fiat Currencies, And Leveraged Paper Investments

Mind The Risks Of Sovereign Debt, Fiat Currencies, And Leveraged Paper Investments

The S&P, crude oil, gold and silver have exponentially increased in price as fiat currencies have been devalued. Consumer price inflation destroys purchasing power, especially when interest rates are low or negative. Unbacked paper fiat currencies are well and truly on the road to oblivion, and the lambs are being led to the slaughter of assets invested in sovereign debt, fiat currencies, and leveraged paper assets.

Continue Reading

April Gold Fails to Entice

April Gold Fails to Entice

The 1225.80 ‘buy trigger’ I’d suggested here yesterday went unachieved, sparing us the false encouragement of a bull trap rally that died in the wee hours Monday morning. The subsequent dive exceeded a Hidden Pivot support at 1199.60 (see inset), promising more pain for bulls down to as low as 1176.30 over the near term. The futures were ostensibly a bull trade shortly after midnight Tuesday, but let’s wait for a print at 1225.30, lest we court disappointment.

Continue Reading

Silver Nanowires To Replace Expensive Compound In Touchscreens And TVs

Silver Nanowires To Replace Expensive Compound In Touchscreens And TVs

Indium tin-oxide is widely used in touchscreens, plasma televisions and flexible electronics because of its high electrical conductivity and optical transparency. However, this compound is becoming more expensive and engineers are seeking an alternative. One substitute may be silver nanowires embedded in flexible polymers.

Continue Reading

Commitment of Traders Report: JP Morgan Still Short Silver Around 18,500 Contracts

| March 2, 2015 | Category: Trading
Commitment of Traders Report: JP Morgan Still Short Silver Around 18,500 Contracts

This is an excerpt from Ed Steer’s Gold & Silver Daily Newsletter, with an overview of the most actual COMEX futures market positions.

Continue Reading

Events Impacting Gold And Silver In The Week Of March 2nd

Events Impacting Gold And Silver In The Week Of March 2nd

For the week commencing March 2nd, there are some important economic data and central bank announcements, as seen in the table below. The interest rate decision of the European central bank on Thursday is undoubtedly the key announcement this week. Friday is an important day because of the unemployment report and nonfarm payrolls for the month of February. Our expectation is that the events on Thursday and Friday have the potential to create volatility in COMEX gold and silver, hence influence the gold and silver price. The PMI report in the U.S. and Europe, CPI in Europe, and Yellen’s speech at Citizens Budget Commission’s Annual Awards Dinner are not likely to cause volatility in the metals market.

Continue Reading

Callinex Mines: A 25-Cent-a-Share Company, Led By A Mining Hall of Fame Legend

Callinex Mines: A 25-Cent-a-Share Company, Led By A Mining Hall of Fame Legend

I am convinced that Callinex Mines (CNX) is now months away from becoming the hottest stock in Vancouver.I nearly fell out of my chair when I learned who was running it and how cheap the shares were trading for.

Continue Reading

Technical Analysis: Expect Contratrend Rallies In Most Metals

Technical Analysis: Expect Contratrend Rallies In Most Metals

Bear market declines are in place for nearly all the commodities except for a strong Palladium.. Kickback rallies (contratrend rallies) are in place or in progress; some already may be failing. What to watch for is a test of the lows, which may result in a further breakdown, and lower lows, or contrarily, a decline that fails to achieve the former low, thus holding at a higher level, which could suggest the potential for another rally over the weeks / months ahead.

Continue Reading

Weekly Review For Gold Investors – February 27th

| February 28, 2015 | Category: Investing
Weekly Review For Gold Investors – February 27th

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 $1,212.90 up $10.95 per ounce (0.91%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.72%. The U.S. Trade-Weighted Dollar Index was up 1.07% for the week.

Continue Reading

Global Insanity Prevails, But Precious Metals Remain Directionless

| February 28, 2015 | Category: Economy
Global Insanity Prevails, But Precious Metals Remain Directionless

The timing for any collapse of the banking system and the mistaken belief it will foster a new gold-backed system keeps getting pushed back for as long as smaller governments like Greece, actually all the PIIGS, can be kept subservient to the 1%’s bidding, for as long as the US war machine can keep all the other smaller countries in fear while the US mounts a false flag attack on Russia via the US-induced coup in Ukraine, gold and silver will remain as pawns in these dirty wars. One thing is certain, having physical gold and silver will provide a store of value for those who hold either or both.

Continue Reading

A Possible Trade Set-Up in Gold That Goes Against Feelings

| February 27, 2015 | Category: Trading
A Possible Trade Set-Up in Gold That Goes Against Feelings

The correction from January’s 1308.80 high has been nasty, but we shouldn’t let that distract us from seeing the turn if it comes. It’s tempting to think yet another leg down is coming over the next day or two and that we should therefore be looking for a way to get short. Notice, however, that the larger, bullish ABC pattern going back to the January 2 low is still intact. That pattern would trip a buy signal on a print at 1225.80. Accordingly, I’ll recommend using a ‘camouflage’ entry signal on the 3-minute chart or less to get long once that number has been hit.

Continue Reading

Why You Should Have a Gold and Silver Seat Belt

Why You Should Have a Gold and Silver Seat Belt

Exchanging some of your “paper promises” (currency) for the physical financial reality of gold and silver on a regular basis makes more than just good business sense. It helps make sure that come what may in your financial life, your “financial insurance policy” will be there to help you out, when, not if, the chickens from so many years of unsound government policies come home to roost. Look toward Argentina, Venezuela, Russia and others as harbingers. Even now, the U.S. inflation rate is arguably several percent higher than the “official” figure. You would do well to pay attention and plan accordingly.

Continue Reading