RSSCategory: Articles: Gold Silver Prices

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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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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