RSSCategory: Articles: Gold Silver Prices

Three Experts About The Gold & Silver Price Drops

We all remember the gold and silver price smash of exactly a year ago. Between Christmas and New Year, in a thinly traded market, both metals had been “attacked” without a fundamental reason. It looks like this year we are experiencing a similar type of price action. It remains to be seen if the worse has passed. Gold and silver are in a waterfall decline for four weeks now. The metals currently stand at their levels of August of this year. We collected in this article the view of three true experts. The key takeaways: do not worry about the short term price, the primary trend is still intact.

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Jim Sinclair About The Gold & Silver Price: A Move Of Desperation By The Fed

Jim Sinclair About The Gold & Silver Price: A Move Of Desperation By The Fed

A thinly traded gold and silver market because of the start of the end of year holiday … an ideal setting apparently to make the precious metals price(s) agressively move. Yes indeed, Paulson could have triggered an initial sell off in the GLD yesterday, causing prices to decline. But today’s price action seems too stretched. Logic or not, Jim Sinclair has opinion about it, and it is outspoken: You cannot fix the problems of the Western Economic system by breaking the telltale thermometer, which is the price of gold. There is not one professional who does not know sales in extreme volume at a time of low activity internationally have […]

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Desperately Seeking A Gold Cycle Low

| December 20, 2012 | Articles: Gold Silver Prices
Desperately Seeking A Gold Cycle Low

A Dollar in decline, a 3 Year Cycle Top, and a “Dollar pummeling into the New Year” all sound wonderful for Gold. Ordinarily of course gold would be rocketing from here as the dollar collapses. For gold to drop this far while the dollar collapses is only masking the true severity of the precious metal decline. As for the gold Cycle, we officially have to contend with remarking our Cycles to better understand what the market is doing. Remember that Cycles are the true interpretation of what the asset has done, there is no ambiguity, a Cycle by its very definition can never be wrong. The fault lies with the […]

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The Gold & Silver Price Dipped Today

The Gold & Silver Price Dipped Today

“The markets are now well and truly broken. Not because they don’t conform to my predictions, but because they are no longer sending useful price signals.” This quote comes from Chris Martenson his latest editorial. We believe it perfectly describes the gold and silver price action of the past days, and especially today (December 18th, 2012). The charts show both gold and silver took a dive today. They did not close the trading session on the lowest point of the day. What follows are some commentaries about the precious metals price action. It’s almost amusing how some commentators are attaching so much importance to headlines. Could a safe haven really […]

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Ronald Stoeferle On This Week’s Counterintuitive Gold Price Action

Ronald Stoeferle On This Week’s Counterintuitive Gold Price Action

On Wednesday 13th, 2012, the US Fed announced additional monetary stimulus in an attempt to make the economy grow. We wrote about the Fed’s commitment to buy 85 billion US dollar per month in a bond buying program and keep the interest rates near zero till 2015. For the first time, to our knowledge, the Fed has committed publicly to work towards a target: the quantitative easing program will continue until the unemployment figure in the US drops from today’s 7.7% till the intended 6.5%. Logically, the news would be in favor of gold and silver. The initial reaction of the gold price was indeed a positive one, and the […]

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Fed Continues Monthly $ 85 Billion Bond Buying – Gold Price Volatile

Fed Continues Monthly $ 85 Billion Bond Buying – Gold Price Volatile

The US Fed decided on today’s FOMC meeting to continue with its monthly $85 billion bond purchases AND keep interest rates near zero until unemployment drops. The gold price reacted initially with a short rally, but closed the day flat. Reuters commented as follows on the Fed announcements: Bullion benefited after the Fed officials revised lower their forecasts for economic growth and inflation next year. The Fed also replaced a more-modest expiring stimulus program with a fresh round of $45 billion Treasury debt monthly purchases on top of the $40 billion per month in mortgage-backed bonds they started buying in September. In a surprise move, the Fed also adopted numerical thresholds for […]

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Silver: Outlook For 2013

Silver: Outlook For 2013

We just attended the webinar organized by GoldCore (trusted precious metals service since 2003) with a guest presentation from global silver expert David Morgan. This article presents the highlights of the online seminar with regard to the silver price outlook for 2013. Silver’s bigger picture David Morgan presented his outlook for the silver price in 2013, starting off with two long term silver price charts, both adjusted for inflation. The first of the two charts is using the CPI as measured by the US government. The chart shows the peak price of silver in 1980 (adjusted for today’s inflation) which is $125.  The upside potential for silver is clear. Chart courtesy: ShareLynx. […]

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10 Days Left For The End Of Times? What Did We Learn?

In exactly ten days, the Mayan calendar is ending a super cycle of 5125.36 years. The fuzz that was created about the end of the “world” was successful for the popular media. In reality, the world will still exist in 2013 but the point is that times could be changing. To answer the question what could be changing, the first step is to look back and try to see the key learnings of what we human beings have realized. Gary Christenson gives his view on the subject from a macro economic, monetary point of view. Yes indeed, this affects all of us and, more importantly, our future. The world will not end […]

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Gold Cycle Is Hitting Critical Point In Gold & Silver

Gold Cycle Is Hitting Critical Point In Gold & Silver

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. It’s decision time on the Gold Cycles, we’re down to the business end and the action is about to reveal exactly where Gold is heading in the near future.  I believe that gold over the next 4 sessions will reveal where it’s headed over the next 4 months. I covered my disappointment regarding the 1st Daily Cycle performance last week (in the article Gold Cycles: $1,704 Important Gold Price Point).  Since the Cycle clearly topped with the trend-line break, I warned members to expect $1,704 to be marginally taken out.  Well it’s gotten […]

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Gold Cycles: $1,704 Important Gold Price Point

Gold Cycles: $1,704 Important Gold Price Point

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. In the mid-week report I stressed my disappointment with how this 1st Gold Daily Cycle did not live up to past expectations.  I also stated that I did not believe that Gold could have formed a Daily Cycle low so soon too.  Based on Friday’s drop back to the $1,708 level, I believe this statement still holds true.  With Day 20 now upon us, Gold is setting up to form a low with yet another re-test of last week’s dip. But I do not expect much more downside beyond this.  As […]

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Gold & Silver Price Charts At The Close Of November 2012

Gold & Silver Price Charts At The Close Of November 2012

The end of the month means chart review time. We’ve collected several charts with closing prices at the end of November 2012 and added a short commentary with each chart. Both gold and silver have been trading sideways in November. Gold has closed slightly below the 20 day moving average ($1722.97), lower than the 50 day moving average ($1738.92) and significantly higher than the 200 day moving average ($1665.75). Trading volume was average in November. We are nowhere close to momentum, in neither direction. Conditions are not overbought neither oversold. The picture is comparable in silver. Silver has closed higher (not lower) then the 20 day moving average ($32.83), slightly higher […]

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Gold & Silver Price Approaching Major Breakout Points

Gold & Silver Price Approaching Major Breakout Points

The following is a commentary by Jeb Handwerger, editor of the premium newsletter GoldStockTrades.com. Based on charts technicals, he explains how the gold and silver price, as well as platinum, are approaching strong resistance levels that date back to mid 2011. As those levels have been tested several times, there is a strong possibility that the prices will break through with the current attempt. If that’s to occur, the resulting momentum will cause a major breakout rally. Seasonals are favouring such a move. We are approaching the end of the year where investors are facing a confluence of mixed signals such as tax loss selling, fiscal cliff discussions, the Greek […]

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Gold Prices Experience a V-Shaped Bounce

Gold Prices Experience a V-Shaped Bounce

For those taking close interest today there was an interesting move in gold prices as the below chart shows. A ‘V’ shaped bounce of some $35.00 or so just before the close must have given a few gold bulls a real scare. Gold dropped briefly below $1720.00 so we can only imagine that someone has made a rather fortuitous purchase at this level. However, if this sudden drop had occurred a few minutes later then we would have had a dramatic closing price for today’s trading session in New York. Granted we would only need to wait 30 minutes or so before trading re-commenced when we assume that a more […]

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Gold Cycle Analysis: Consistent Bullish Outlook For Gold & Silver

| November 25, 2012 | Articles: Gold Silver Prices
Gold Cycle Analysis: Consistent Bullish Outlook For Gold & Silver

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. This was exactly the pop out of Gold that I was looking for this week.  The Cycle timing and coiling action right under the $1,740 Swing Line was telling us to expect this move.  Almost every 1st Daily Cycle in a C-Wave has been Right Translated and gained more than 6%, so there was little reason to expect something different here. I’ve studied so many Gold Cycle patterns and this one fits the mold of all other bullish Cycles.  Gold loves to pause near important pivots, like Swing low/high marks and prior […]

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