RSSCategory: Articles: Gold Silver Prices

Gold and the Middle East crisis

Gold and the Middle East crisis

The year 2012 has been relatively peaceful compared with the past 10 years.  The lack of military aggression on the part of the U.S. has led many to believe that the America’s days of military adventures are over.  But as we’ll see here, 2012 is simply a temporary respite in a longer-term “theater” of war that has only just passed the opening act. The past decade has indeed been one of near constant strife and turmoil.  Starting with 9/11 and the U.S.-led NATO invasion of Afghanistan, and later Iraq, the 10 years between 2001 and 2011 were characterized by ceaseless warfare.  The military invasions in the Middle East have been followed by civil and […]

Continue Reading

Look For The Silver Lining: Silver Swan Ready For Takeoff

Look For The Silver Lining: Silver Swan Ready For Takeoff

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue.  There is economic and political upheaval all over the world, especially in the South China Seas.  This may directly affect the world’s supply of industrial metals such as graphite, rare earths, molybdenum and tungsten. Today we direct our attention to an area where silver is shining.  Poor man’s gold may come into prominence shortly and provide our subscribers with possible profits. The silver battlefield is filled with bulls and bears fighting for dominance.  Recently, the poor man’s gold has dropped to the $26 area.  The struggle continues between the opposing sides.  The […]

Continue Reading

In What Direction Will the Stock Market Head and How Could It Influence Gold and Silver?

In What Direction Will the Stock Market Head and How Could It Influence Gold and Silver?

People put too much store in central bankers and hang on their every word as if they are prophets with a direct line to the divine. It seems that no one does this more than gold investors. In the past gold has shown itself to be super sensitive to monetary policy announcements and investors hope that any indication of further easing would give gold a joy ride. We have had enough evidence that central bankers are no super heroes able to leap tall buildings at a single bound and save the economy. There are plenty who contend that if the Fed had not stimulated the economy with zero percent interest […]

Continue Reading

Gold Prices Need Big Bang to Rouse Quiet Market

Gold Prices Need Big Bang to Rouse Quiet Market

Gold Prices hovered above $1610 per ounce Tuesday morning in London, slightly below where they started the week, while European markets edged higher following news of better-than-expected German economic growth. Silver Prices briefly rallied back above $28 per ounce before retreating, while other commodities were similarly flat on the day. “Despite wide daily ranges for the past few weeks due to thin liquidity, the [gold] market remains pretty quiet,” says a note from Swiss bullion refiner MKS. A day earlier, Gold Prices fell 1% as the Euro edged lower towards the end of Monday’s trading, after news of a second legal challenge to the creation of the Eurozone’s €500 billion permanent bailout fund the European […]

Continue Reading

Charting Gold

Charting Gold

“Some men see things as they are and say why – I dream of things that never were and say why not.” If George Bernard Shaw were around today, he might apply his famous quote to the price of gold. Spot gold is trading near it January levels, and down from its high for the year at 1792 back in February. As GBS might ask “What’s been holding the price of gold back?” The simple answer is there are no more buyers than sellers. Owners of the yellow metal are not selling, and others are not buying right now. That has not been the case throughout the year, so far. The […]

Continue Reading

Gold Retreats from the Top of its Trading Range

Gold Retreats from the Top of its Trading Range

Nothing doing on gold being able to break out from its consolidation pattern. Last week I showed a chart with gold right at the very top of that range and working into a heavy resistance level. Today it failed to better that resistance and was shoved back lower meaning that the odds favor it working lower within that range from here as we wait for the next round of buying support to surface. It should be able to garner buying near $1600 initially on down towards $1585 should that not hold it. Keep in mind that this market must have a spark to take it up and out of this […]

Continue Reading

Gold Bullion seeing better sentiment

Gold Bullion seeing better sentiment

Dollar Gold Bullion prices climbed to $1625 per ounce during Monday morning’s London session, towards the higher end of gold’s trading over the last three months, while stock markets were broadly flat following news that Japan’s economic growth slowed sharply in the second quarter. Silver Bullion rallied to $28.18 an ounce – in line with last week’s close, after briefly dipping below $28. The cost of an ounce of Gold Bullion minus that of an ounce of platinum meantime breached $230 an ounce Monday, a new record high for the gold-platinum premium. “Sentiment [towards gold] has gotten better in the past few days with investors focusing on central banks,” says Dominic Schnider at UBS Wealth Management […]

Continue Reading

Weekend Update: Gold

Weekend Update: Gold

The weekly close above $1,620 was an important bullish development near term in my opinion.  What is so significant about this weekly close? If you look at the price action the prior eight days on the 30 minute chart (left hand side below) you can clearly see that an overwhelming majority of trades were placed beneath the $1,620 price level.  What makes this significant is because futures have a “long” and a “short” for every contract of “Open Interest”.  The bulk of contracts that were placed on the short side the past eight days are losing money.  If these short term traders in the “new” open interest are using leverage, they will begin to second guess their bearish […]

Continue Reading

Gold price and silver market update: beginning of August 2012

This article provides a short summary of the weekly “The Delaire Report”, by David Levenstein from Lakeshoretrading Gold price update The price of gold is holding $1600 an ounce as a key support level, despite the absence of additional monetary stimulus in Europe and the US. Although Mario Draghi, head of the European Central Bank, announced at the end of July he would do everything to preserve the euro, there are no concrete actions confirmed yet. In the US, the Fed Chairman acknowledged during the FOMC meeting at the beginning of August, that “economic activity decelerated somewhat in the first half of this year.” Interesting fact to mention: only one week earlier, Mr […]

Continue Reading

Looking for a silver lining

Looking for a silver lining

Investing in precious metals hasn’t been much of a fun ride lately. In late April of 2011, silver spiked to its still standing nominal high of $50, last reached over 30 years ago, back in 1980. Afterwards it plunged to about $32, before recovering to around $44 in September. At this time gold – which wasn’t nearly hit as hard in May and rallied to a new high of $1,920 in September – was up for the hammer drop and fell by 20% to $1,530. Expectedly, silver had to be dragged down with gold and got smashed to the $26 level for an almost 50% correction from its April highs. […]

Continue Reading

Gold Prices marking time until Fed Conference

Gold Prices marking time until Fed Conference

Gold Prices eased lower in Friday morning’s London trading, hovering around $1610 per ounce for most of the session, as stock markets also edged lower and US Treasuries gained, after trade data from China provided further signs of economic slowdown. China’s trade surplus fell by 20% month-on-month in July, with both import and export growth slowing, according to official data published Friday. “Monetary policy easing has to be more aggressive in the remainder of the year…[to avoid a] hard landing,” reckons Liu Li-Gang, Hong Kong-based head of Greater China economics at ANZ Bank. “Gold is trading broadly in line with other asset classes this morning as you see disappointment in […]

Continue Reading

Gold right at the Top of its Recent Trading Range

Gold right at the Top of its Recent Trading Range

Gold has pushed to the very top of its recent trading range as it works within the confines of its consolidation pattern noted on the chart below. It either mounts a solid breakout this time around or it will fall back towards $1600 and slightly below once again. I have noted that for the last 5 weeks or so, the lows have been slowly creeping higher hinting at market strength. It simply needs a spark, something to ignite it and push it past the strong selling pressure emerging between $1620 – $1630. Today’s strength is predicated on news out of China showing its economy slowing also. Traders are expecting the […]

Continue Reading

Gold pattern turning more bullish

Gold pattern turning more bullish

The consolidating “Symmetrical Triangle” has now morphed into a more bullish triangle.  An “Ascending Triangle” is the most bullish triangle pattern and we are somwhat in between.  There is a sign of increasing demand in the charts. In the near term the 30 minute chart has a “Concrete Ceiling” at $1,620.  There is a determined seller or sellers here lately.  However each time a resistance level gets tested, it get’s weakened.  The ceiling has cracks, and needs a few more hammers and chisels for this level to become strong support.  Basically from my perspective supply has been getting absorbed, and if the demand continues to deplete it, price will eventually launch. I […]

Continue Reading

Gold has foothold above $1600, China stimulus would be positive for Gold

Gold has foothold above $1600, China stimulus would be positive for Gold

Spot market prices to Buy Gold traded in a tight range around $1615 per ounce for much of Thursday morning in London – marginally above where they started the week – before dipping slightly around lunchtime, while stock markets also edged lower following gains earlier in the week. “Gold seems to have gotten a foothold above the $1600 level and seems to be relatively stable,” says Robin Bhar at Societe Generale “It’s still showing this correlation to riskier assets. We’ve seen a bit of a rally in the oil market and equities, and gold has kept a par with those moves.” Prices to Buy Silver also ticked lower towards the end of Thursday morning, […]

Continue Reading