RSSCategory: Articles: Gold Silver Prices

Military coup in Mali raises concerns for gold producers

Gold production in Mali is being called into question following a military coup two weeks ago. African media are reporting that many foreigners are fleeing the country. In recent years Mali has …

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Gold price down on cautious talk from Fed

The minutes from the Federal Reserve’s March 13 meeting were released yesterday. Though they again emphasised the Fed’s intention to keep rates “at exceptionally low levels through …

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The FOMC Strikes Again

The FOMC Strikes Again

All one needs to know about how the Fed is attempting to knock down the price of commodities in general was demonstrated in today’s FOMC minutes.The idea that I believe it wants to keep uppermost in the mind of traders is that the US economy is recover…

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Gold & Silver bears get help from the FOMC minutes

Gold & Silver bears get help from the FOMC minutes

Those who were short with leverage on copper may have gotten their prayers answered.  There was a breakout off the “Bull Flag” and the “Coiled Spring” in the overnight but the bears stepped up to meet the challenge.I think it is extremely importan…

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Silver price gains on bullish US manufacturing data

Encouraging new US manufacturing data helped industrial commodities move higher yesterday, and pushed the Dow Jones and SandP 500 to their highest closes since May 2008. The silver price was …

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Gold Chart 3 April 2012

Gold Chart 3 April 2012

Gold managed to claw its way back above important technical resistance near the $1680 level in today’s trade and is thus far holding above that number, albeit just barely. The market needs to push away from $1680 with some conviction and demonstrate th…

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Silver breaks out of Diamond pattern on a surge in volume

Silver breaks out of Diamond pattern on a surge in volume

This is a follow up on the diamond pattern in silver from this morning’s post and it is worth another look here:  http://scottpluschau.blogspot.com/2012/04/chart-to-keep-eye-on-silver.htmlSilver had a textbook breakout fro…

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Turkey aiming to become big gold producer

Turkey is one of the Eurasian countries with great expectations about increasing gold production. According to experts, Turkey has 23 million troy ounces of the yellow stuff waiting to be mined. The …

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Chart to keep an eye on – Silver

Chart to keep an eye on – Silver

Silver is showing some congestion in the daily timeframe around the neckline of a “Head and Shoulders” pattern that has yet to be fulfilled.  This congestion is forming what resembles a “Diamond” pattern.  Diamonds can be either continuation …

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Gold price is the reciprocal of faith in central banks

Up, down, and back up again: that about sums up the action in the gold and silver markets last week, though neither bulls nor bears were strong enough to move the gold price out of its trading …

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Will the Situation in the Stock Market and in the Dollar Affect Gold?

Will the Situation in the Stock Market and in the Dollar Affect Gold?

This Wednesday Goldman Sachs reiterated its position that investors should buy gold. Goldman Sachs remains bullish on the precious metal, citing the familiar fundamentals– low interest rates and subdued economic growth as catalysts for gold prices to rise this year. Goldman economists expect another round of quantitative easing from the Federal Reserve will weigh on the U.S. dollar and push gold higher. From Goldman: Gold prices remain too low relative to the current level of real rates. Under our gold framework, US real interest rates are the primary driver of US$-denominated gold prices. However, after being remarkably strong in the first half of 2011, this relationship broke down last fall, […]

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Will India Stop Buying Gold?

Will India Stop Buying Gold?

By Jeff Clark, Casey Research We’ve read mixed reports about how lofty gold and silver prices are affecting demand in India. One month we’re told demand is up, and the next it’s supposedly down. I’m not suggesting that official reports are inaccurate, but it is admittedly confusing and doesn’t help us understand the real trend in the country. Why should we care about the gold market in India? Well, let’s face it; the nation is one of the biggest consumers of the metal, a major driver that can give us hints about demand and investment trends, along with what to perhaps eventually expect here in North America. But reading third-party […]

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Gold and silver prices holding above important support

Gold and silver are holding above important support levels, despite selling pressure yesterday. The gold price moved back above $1,660 this morning, after flirting with $1,650. The silver …

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Are We On The Verge Of a Major Rally In Precious Metals and Natural Resources?

Major Rally Ahead In Precious Metals We are on the verge of a major rally in gold. Gold’s retreat to the 200 day moving average has provided long term buy and hold investors another excellent discounted buying opportunity. Every time gold has retreated to this line it has found support as is the case right now. We had a recent pullback a few weeks ago as gold and silver were about to move. At that time we believed that this pullback would be short-lived. This week we are seeing a major reversal and move above the 200 day moving average as Bernanke explained that the unemployment rate is not keeping […]

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