Author Archive: Gold Silver Worlds

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Is The Technical Gartley Pattern Guiding The Gold Price to $1260?

Is The Technical Gartley Pattern Guiding The Gold Price to $1260?

If we do see a bounce from the key $1260 support zone, the Gartley pattern suggests that rates could rally all the way back toward $1310, the 61.8% Fibonacci retracement of the whole ABCD pattern (not shown). Conversely, if the pattern fails and the yellow metal falls below $1250, it would indicate that the selling momentum remains strong and could open the door for a move down to the 7-month low at $1240 next.

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Gold Breaks Down Below The July Lows

| August 22, 2014 | Category: Price
Gold Breaks Down Below The July Lows

Gold breaks to two-month lows in Thursday’s trade on the first chart. We have a major horizontal support and resistance area on the gold chart shown in red. Gold pulled down to test that support level. It is also the uptrend support line. This is a very important place for gold to hold, especially with the strength of the USD.

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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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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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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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Is Gold Demand In China Really Collapsing?

Is Gold Demand In China Really Collapsing?

Imports through H.K. are falling precipitously, as China is now hiding its tracks by importing more through Shanghai and Beijing. Unless something changes before year’s end, it’s my opinion that this chart will no longer serve any useful purpose.

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Chart Of The Day: Dow Jones To Gold Ratio Shows Sign Of Trend Reversal

| August 11, 2014 | Category: Price
Chart Of The Day: Dow Jones To Gold Ratio Shows Sign Of Trend Reversal

It is interesting to see gold rising while the global sharemarkets decline. We can measure these moves with the Dow/Gold Ratio. Looking at the short term we see a trend reversal with a breaking of the wedge formation. Looking at the larger picture it appears that we are at the same place as the trend reversal in 1975.

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Monthly Bank Participation Report Of Precious Metals: August 2014

Monthly Bank Participation Report Of Precious Metals: August 2014

The CFTC releases at the end of each month the futures positions in precious metals of the large banks. At the closing of July 2014 there was no big difference in gold and silver compared to the previous month. A detailed analysis was provided by Ed Steer in his latest newsletter. We want to share his analysis because Ed Steer comes to the following factual conclusion: “3 or less” U.S. banks, along with Scotiabank in silver and gold, run the price management scheme.

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