Latest Gold & Silver Price News

The “New” Silver Fix and the Powers That Be

The “New” Silver Fix and the Powers That Be

Effective mid-month August 2014, the old silver “fix” has been replaced by a new silver “fix,” run jointly by the CME Group, owner of the COMEX, and Thomson Reuters. But has anything of real substance changed? It certainly has not.

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Why Aren’t Gold Prices Rising?

| August 20, 2014 | Category: Price
Why Aren’t Gold Prices Rising?

So if demand for gold bullion is rising, as evidenced by central banks buying more, gold coin sales near record highs, and gold demand in India rising again now that the government is easing tariffs on gold imports, the million-dollar question is why aren’t gold prices rising? There is plenty of discussion about gold manipulation. I can’t comment on that, but in this article I will tell three things about gold bullion.

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Diversification and Discipline Are Key to Investing in Gold

Diversification and Discipline Are Key to Investing in Gold

Earlier in the year I spoke with Business Television’s Taylor Theon about this very idea that to invest in gold requires not only discipline but also diversification. As I’ve often stressed, we at U.S. Global Investors recommend that 10 percent of your portfolio should be allocated to gold—5 percent to bullion, 5 percent to mining stocks, and rebalance every year. This should always be the case, whether gold is soaring at a good clip or whether its wings appear to have been clipped.

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The US Gold in Fort Knox is Secure, Gone, or Irrelevant?

The US Gold in Fort Knox is Secure, Gone, or Irrelevant?

In my opinion the US gold is largely gone and probably the gold supposedly stored at the NY Fed for other countries is also mostly gone. Sadly, it matters to very few people, and the world will continue to print many more paper and digital dollars, euros, pounds, and yen. Long live the value of paper, or so we should hope, since the inevitable reckoning and proper valuation of all paper assets, when it occurs, will be ugly, distressing, and dangerous.

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Oscillators In Action In Gold Bullion And Gold Stocks

Oscillators In Action In Gold Bullion And Gold Stocks

Basic technical analysis shows that mining stocks have recently reverted to their mean for the first time in about three years, while spot gold is gradually working its way back.

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Gold Investors Weekly Review – August 15th

Gold Investors Weekly Review – August 15th

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 $1,304.54, down $6.41 per ounce (-0.49%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.50%. The U.S. Trade-Weighted Dollar Index rose 0.05% for the week.

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Gold Price Reverses Course On Geopolitical Tensions

| August 16, 2014 | Category: Price
Gold Price Reverses Course On Geopolitical Tensions

GLD broke out of the big wedge in mid June and this breakout held with the bounce off 123 in early August. The ETF broke out of the little wedge and the breakout line turns first support. At this point, I think a close below 124 would negate the little wedge breakout and increase the odds of a bigger break down.

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Solo 401k plan and Precious Metal Investment

Solo 401k plan and Precious Metal Investment

A Solo 401k plan with checkbook control is a powerful tool for the buy-and-sell strategy. It offers self directed option, which means investors do not have to wait for custodial approval before making the move. In fact, the account holders act as the trustee and have total control over their retirement funds. Checkbook control also means that transactions can be made as easily as writing a check. Many investors found this flexibility crucial to successfully invest in precious metals and other commodities.

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Gold Demand Q2 In Line With Long Term Average, Central Banks Continue Accumulating

Gold Demand Q2 In Line With Long Term Average, Central Banks Continue Accumulating

Q2 gold demand of 963.8 tonnes (t) was considerably weaker year-on-year – 16% below Q2 2013’s 1,148.3t. Sharp declines in the consumer segments of gold demand came as no surprise, given the stark contrast in conditions in the global gold market between the two time periods. Jewellery demand was almost a third lower, while bar and coin investment was less than half Q2 2013 levels. Gold ETFs saw modest outflows of 39.9t, which were far smaller than the 402.2t of outflows seen during the year-earlier period. The net impact on overall investment was a modest 4% year-on-year increase.

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Jim Rickards Talks To Peter Schiff: The Role Of Gold In Currency Wars

Jim Rickards Talks To Peter Schiff: The Role Of Gold In Currency Wars

In this videocast, Jim Rickards and Peter Schiff talk about currency wars, the gold market and the next liquidity crisis. Below is the video, it’s tackles several topics in a short but very powerful way.

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Expect Gold And Silver Prices To Retain Their Gains In Q3

| August 13, 2014 | Category: Price
Expect Gold And Silver Prices To Retain Their Gains In Q3

Gold and silver have performed relatively well this year and showed strength toward the end of the second quarter. My feeling is that stronger gold and silver prices that we have seen earlier than anticipated this year is a reflection of global political tensions and maybe just a reminder that we are not out of the woods as far as U.S. economic performance is concerned. We look for gold and silver prices to retain most of their gains in the third quarter.

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Understanding VIX And Its Relationship To Gold

Understanding VIX And Its Relationship To Gold

Something within the composition of the relationship between gold and VIX has changed lately. For the past two years, it has been a largely negative correlated relationship amassing around -0.4 to -0.3. However, come summer of last year, there has been a dramatic reversal of this trend, pushing it into unprecedented territories of a positive correlation upwards of +0.5 . The large swings following summer of 2013 before leveling off in April could be noise, or the effects of this relationship changing.

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Black Swans Could Be Triggered By Debt, War, Or Market Manipulation

Black Swans Could Be Triggered By Debt, War, Or Market Manipulation

Gold shines in the face of unstable money, weakening confidence in the reserve currency, trade and currency wars, fear of another shooting war, crude oil supply disruptions, and destructive foreign policies.

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Buy Gold and Silver to Protect Your Wealth against the Policies of Global Leaders

Buy Gold and Silver to Protect Your Wealth against the Policies of Global Leaders

I believe the current geopolitical tensions are going to worsen in the short-term, and while the US dollar may not lose its status as the worlds’ reserve currency any time soon, its dominance is weakening. The greenback’s share of global reserves has already shrunk to under 61% from more than 72% in 2001. Both Russia and China have been accumulating large quantities of gold especially China as they diversify into tangible assets. No matter what media you may believe, the fact is, in the end you have to look after yourself and the way things are going every individual should own some physical gold and silver. These precious metals provide the ultimate insurance against bad decisions made by governments.

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