The conclusion to be drawn is respect for the trend, clearly down. Where we have shown a positive “spin” on the character of price behavior at the current lows, that is still where price is, at the lows. One can not be bullish here by any stretch of the imagination. As to buying physical silver, we are likely looking at a price level that will not be revisited in the next few generations. Price may still go lower, to some degree, but what the Federal Reserve is doing to destroy the fiat currency and the economy makes asking the question of to buy physical or not a superfluous one.
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Unlike most commodities, there are many shades to gold. Some of shades include the Love Trade’s buying gold for loved ones, the Fear Trade’s purchasing gold as a store of value, gold in relation to monetary debasement, dynamics of the paper vs physical gold market, and so forth. In a recent presentation, Frank Holmes of USFunds.com discussed those shades of gold with numerous charts. His presentation is called “Fifty Shades Of Gold.”
Jim Sinclair explains that gold price setting is too dependent on the paper market, to such an extent that it has continued to live as the means of manipulating the paper price of gold. What is “Free Gold.” It is the decoupling of the gold paper market influences on the gold price setting, or in other words freeing physical gold from price slavery to paper gold. The mechanism he describes is through the present time deletion of future exchange warehouse supply. He describes in this piece how he is planning to achieve his target.
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. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,244.33 which is $45.87 per ounce lower (3.56%). The NYSE Arca Gold Miners Index fell 7.83% on the week.
In his latest video appearance, Peter Schiff explains in detail the difference between gold and bitcoins. His main point: gold is real money because it has an intrinsic value! People want gold for itself. Yes it can also be used to exchange but it has a value unique to itself. It has its own properties that are desirable; there is nothing you can do with a bitcoin except give it to somebody else.
The deflationary threats still remain. Ask yourself, can the average consumer handle rising interest rates? Can bank balance sheets handle a further drop in housing values? You get my point– it seems to me that a lot of people are making light of real challenges out there in the real economy. Yes, commodities may continue their trend lower – and so might silver and gold for the next months or year. But always remember what sets the precious metals apart.
This is an interview with Jim Rogers, conducted by Birch Gold Group. The topics that are covered range from monetary policy, the stock market frenzy, currency wars and precious metals.
Today’s news from Reuters shows that things are “complicated.” Over the course of this year, China would have imported an additional 133 tonnes directly, i.e. not through Hong Kong. This figure is a calculation based on top 20 gold exporters in the world.
I believe that, over time, some currency or currencies could look better than the dollar, but over the long run gold and silver will eventually, in real terms, go into levels that exceed the expectations of most people.
There are just 2-3 anonymous investments to avoid being robbed by NWO socialists: physical precious metals, cash, Bitcoin (with reservations). Each of the 3 has advantages & disadvantages, foreign currency accounts potentially being planned as an escape. Of course, the big drawback of gold is the nasty performance.
Although gold has proved itself as a hedge against inflation, and a safe haven during the times of economic uncertainty, its fall in the last couple of years has allowed its critics to question for the umpteenth time whether it was worthy enough of being called an asset class. The proponents of gold have outlined the drastic decline in the value of gold, especially in the past two years. This was significant as only two years prior to that, the world economy had been hit hard by one of the worst economic turmoils in history.
Peter Brandt who has been trading commodities since the 70ies, presents a chartbook focused on gold. The charts go back to the mid 70ies. From every period of time since then, he has collected daily and weekly charts with a chart and pattern analysis.
In this video released by Future Money Trends, several legendary contrarians explain their vision on economic developments in the coming years. Some of them provide tips on how to thrive and prosper in these challenging economic times.
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. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,290.20 which is $1.6 per ounce lower (0.12%). Read in this article the gold market strengths, weaknesses, opportunities, and threats.
After the dollar, euro, pound and yen, it is now gold in Indian Rupees that is about to make a new all-time high. Adding the local gold premium to the gold price, Rupee gold is the most expensive ever. The Indian government has taken close to 20 measures in the last two years to discourage gold purchases and gold imports. That has “supported” the rise of the gold premiums. In particular, the import duty which was raised to 10% in August had a significant impact.