Author Archive: Gold Silver Worlds

These are the authors of te News Desk of GoldSilverWorlds.com. Based on several years of experience and research, the network behind GoldSilverWorlds.com created a trusted guide of verified Gold & Silver websites, online services and articles. Providing top quality and trusted sources is the primary objective; helping create awareness about Gold & Silver among people worldwide is the aimed result.

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Gold: Third Time’s The Charm? Amazing Chart.

| October 19, 2015 | Category: Price
Gold: Third Time’s The Charm? Amazing Chart.

Gold has broken above its 200-day average for the first time in 100 days once again. That’s the third time in the past five years. It has had multiple failed breakouts after being below its 200-day average for more than 100 days several times in the past 40 years. The third time it managed to break above its average coincided with sustained rallies during the next 1-3 years.

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Weekly Gold Market Review For October 16th

Weekly Gold Market Review For October 16th

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 $1,175.48, up $18.20 per ounce (1.57%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 1.72%. The U.S. Trade-Weighted Dollar Index fell 0.08% for the week. Junior miners underperformed the seniors for the week as the S&P/TSX Venture Index gained just 0.73 percent.

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Will The Gold Price Close 2015 with a Gain?

| October 17, 2015 | Category: Price
Will The Gold Price Close 2015 with a Gain?

After its stellar performance this week, gold might do something it hasn’t done since 2012—that is, end the year in positive territory. Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving average and is close to erasing its 2015 losses.

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Precious Metals Complex Breaking Downtrend

| October 16, 2015 | Category: Price
Precious Metals Complex Breaking Downtrend

The precious metals sector has enjoyed decent gains over the last two weeks. The two charts below learn that three out of the four major assets within the Precious Metals sector have broken out from their downtrends (only GDX lags).

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How To Know When Gold’s Bull Market Has Resumed?

| October 15, 2015 | Category: Price
How To Know When Gold’s Bull Market Has Resumed?

We are closely watching gold’s 90 week moving average (WMA), which was broken in December 2012, and, by doing so, confirmed the start of gold’s bear market. The 90 WMA comes in at $1226.96 /oz, and it will be a critical test for the precious metals complex. At least 3 weekly closes above its 90 WMA will prove to be a confirmation of gold moving out of its bear market.

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Gold Bottomed After Recovering From Its 50% Retracement?

| October 15, 2015 | Category: Price
Gold Bottomed After Recovering From Its 50% Retracement?

The monthly bars in the chart show that the spot price of gold has retraced exactly 50% of its ten-year bull market between 2001 and 2011. The fifty percent retracment line often acts as a major support level. It’s also noteworthy that the RSI line has been trending sideways near oversold territory. All of which suggests that precious metals may be scraping bottom.

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A Detailed Technical Look At Gold’s Breakout

A Detailed Technical Look At Gold’s Breakout

There has finally been some positive price action on Gold ($GOLD) and to some extent on the gold miners. Let’s take a look. Gold has been building this red wedge for almost three years now. The past two weeks it broke above the trend line and tonight we’ll see a taller candle approaching horizontal resistance around $1180.

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Silver Bullion Coins on Allocation at Major National Mints

Silver Bullion Coins on Allocation at Major National Mints

Globally, silver bullion coin sales reached an all-time high of 32.9 Moz in the third quarter of this year, according to GFMS Thomson Reuters data. This volume was a 74% quarter-on-quarter and 95% year-on-year increase. Sales in North America, Europe, Japan and other Asian countries (predominantly China) saw quarter-on-quarter growth of 74%, 72%, 95% and 202%, respectively.

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Gold & Silver Prices At Critical Juncture

| October 12, 2015 | Category: Price
Gold & Silver Prices At Critical Juncture

Gold is showing some strength in recent weeks. Here we see that price has pushed above the upper median line of the bearish Andrews pitchfork.This is encouraging but price now has to deal with significant resistance in the $1160-1170 area.

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Peak Gold Is Imminent: Global Gold Production Starts Falling

Peak Gold Is Imminent: Global Gold Production Starts Falling

Earlier this week, Financial Post released an article confirming that ‘peak gold’, or the gold ‘production cliff’, appears to be imminent. According to numerous professional estimates, gold output will top out in 2015 or 2016 and then go into decline for several years at least.

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Weekly Gold Market Review For October 9th

Weekly Gold Market Review For October 9th

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 $1,157.25 up $18.46 per ounce (1.62%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 12.22%. The U.S. Trade-Weighted Dollar Index fell 0.95% for the week. Junior miners underperformed seniors for the week as the S&P/TSX Venture Index’s rose only 5.08%

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Is Silver’s Break Out An Early Bullish Signal For Gold?

| October 8, 2015 | Category: Price
Is Silver’s Break Out An Early Bullish Signal For Gold?

The chart shows that silver has already broken out from a major 3-year declining trendline. Silver has a track record to lead the precious metals complex. Is silver’s early break signalling a trend change? Or is this simply another false breakout, as we have witnessed quite some over the last years? Given the above conditions, we believe there is a fair chance that this breakout is for real.

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Ground Zero in the War on Cash: Greece

Ground Zero in the War on Cash: Greece

Greece offers us an interesting example. It will allow us to observe the spread of the tentacles of Europe-style statism as well as the measures the population will undoubtedly take to resist it. Since the Greeks are unlikely to meekly submit to statist oppression, this promises to be quite exciting. Who knows, we may eventually even get the opportunity to see what happens if a total cash ban is introduced. Given that Greece is brimming with British gold sovereigns, we can already guess how such a decree would be undermined by enterprising Greeks.

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Two Charts That Gold Bulls Will Love

| October 6, 2015 | Category: Price
Two Charts That Gold Bulls Will Love

First, the U.S. dollar is taking quite some time consolidating. With a U.S. Fed kicking the can down the road when it comes to hiking interest rates, the market has clearly understood that the dollar cannot rally, at least not in the short to mid term. The strongly declining volume on the chart suggests interest in the dollar is waning. Second, gold is attempting to make a huge breakout, as evidenced on the following chart. The number of touchpoints on the resistance line is 5. The area between support and resistance line is minimal. If gold will succeed in breaking out, it will be THE long anticipated trend change.

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