RSSCategory: Articles: Gold Silver Prices

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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Dow Jones To Gold Price Ratio Near Decade Low

Dow Jones To Gold Price Ratio Near Decade Low

A couple of interesting things happened on the gold and silver charts on Friday 23 November 2012. First, the price of gold soared with one percent in a matter of minutes. Interestingly this happened right at the London PM Fix, a moment in the trading session that is generally marked by sudden drops. The silver price chart looks similar, only with a larger percentage gain. Silver has been leading gold higher, which is a sign of strength. What exactly was the trigger for the sharp price increase, remains speculation. It could be the failure of the European budget discussions, the US fiscal cliff worries as Peter Schiff pointed out or […]

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Gold And Silver Price Outperform General Equities For First Time Since 2011

Gold And Silver Price Outperform General Equities For First Time Since 2011

What should investors in the precious metals market do next after Obama’s win?  The way we see it is to wait for any initial reaction of pessimism to subside.  Precious metal devotees are a special breed that still must operate within basic rules of the game.  What is the market signaling to us? Immediately after Obama’s victory, there has been a selloff in the general market.  Note carefully that gold and silver has held up well despite a significant decline in the Dow Jones Industrial Average and S&P 500.  The market will do whatever it can to confuse, misdirect and obfuscate.  The recent decline in the S&P500 not only was […]

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Gold Price Outlook Mostly Bullish – November 2012

In the past few days an increased number of commentaries appeared about the outlook of the gold price. Interestingly they differ in their subtlety and long term vision. What follows is an overview of the most important points of view, which we’ve selected to show the divergence. As we don’t want to come across as biased, we include both bearish and bullish outlooks. We believe that the bullish ones are fundamentally better argued. They are closer to the long term vision of Gold Silver Worlds. Citigroup believes that the commodities supercycle is over as China’s economy shifts to slower growth and supplies increase. Although they don’t specify their gold outlook, our […]

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Importers of Gold Digesting Higher Prices with Sentiment Driven by Fiscal Cliff

Spot market gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties. Silver prices traded around $32.70 an ounce, also near three-week highs. Bullion importers in India, meantime, which sees the celebration of Diwali tomorrow, slowed their purchases of gold Friday as the Rupee weakened and gold prices rose, newswire Reuters reports. “Jewelry makers may have to wait before they come back to buy again,” says one physical bullion dealer in Hong Kong. “People are digesting the rebound in prices.” “Worries about the […]

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Gold Cycles: Bulllish Gold Price Outlook

| November 10, 2012 | Articles: Gold Silver Prices
Gold Cycles: Bulllish Gold Price Outlook

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. Gold is off to a flying start in this new Daily Cycle and it’s exactly what we expected and hoped for.  If this is the first Daily Cycle, then we should see a consistent and grinding move higher from this point forward.  The first Cycle has a habit of relentlessly grinding higher, much to the chagrin of investors who continue to wait for a pullback to buy into this new rally.  Investors who missed the ICL will often look at the final ICL price compared to the quick $50 rally of a new […]

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Gold Price In Uptrend And Prepares For Next Phase

Gold Price In Uptrend And Prepares For Next Phase

In September gold rose above its 200-day moving average so it moved officially in an uptrend. It did so after eleven  months of sideways consolidation, moving in a fixed range. Today, the trend is still intact. The key question is if this is the next phase of the gold bull market? Is gold back? Hard Assets Alliance think this is just the beginning for gold and silver. We may see some consolidation or even a pullback due to potential seasonal weakness, or some “price fatigue” after such a big advance, but our bullishness has little to do with seasonality or short-term price surges. Here’s what supports our outlook: Source: Hoisington Investment Management Company This […]

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$100 Silver! Yes, But When?

$100 Silver! Yes, But When?

There are many predictions for the price of silver. Some say it will crash to nearly $20, and others proclaim $100 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from silver, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future silver price that will make sense to most people? Yes, there is! I am not predicting a future price of silver or the date that silver will trade […]

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Corrections In Gold And Silver Could Provide Buying Opportunity Before Election

Corrections In Gold And Silver Could Provide Buying Opportunity Before Election

This article is written by our partner GoldStockTrades who offers a premium newsletter for more in-depth precious metals analysis and gold stock tips. We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report.  It is reported that the unemployment rate increased despite adding 171,000 new jobs. The numbers look abysmal.  However, the media reports that the economy is picking up and no more QE will be needed.  Hence, precious metals are hammered.  We have seen this before where investors are shaken out during corrections while the long term gold and silver players add more on pullbacks. Now […]

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