RSSCategory: Articles: Gold Silver Prices

Goldman Sachs issues “Buy” on Gold; Gold drops lower

Interesting recommendation by Goldman and even more interesting to see the market reaction in gold today. Can you say that someone is particularly overjoyed by the opportunity to take that recommendation? By the way, Goldman is echoing the remarks from Chairman Bernanke the other day and repeating what my interpretation of those remarks were in this week’s comments entitled, “Pass the Juice Please”. Goldman’s views in summary can be translated as follows: Gold market weakness has been tied to the fact that the markets were expecting “REAL INTEREST RATES” to rise in light of the recent economic data showing improvement in the US economy. However, the economic recovery is not […]

Continue Reading

Eurozone debt crisis far from over

Greece has slipped out of the news following the debt restructuring earlier this month, but The Wall Street Journal provides an update on the sorry state of the country. Despite losing more than …

Continue Reading

Self-similarity Saves the Day for Gold & Silver Investors

Self-similarity Saves the Day for Gold & Silver Investors

Last week, we devoted the beginning of our essay on the possible move up in gold to reassure our bullish outlook on precious metals despite the fact that prices were falling then. We wrote: It’s tough being a lone voice saying that gold prices will go up when they have tumbled and the financial press is writing obituaries for the gold bull market. It’s also encouraging being a lone voice saying that gold prices will go up precisely because it means that the general sentiment is very bearish and this is what we see at major bottoms. The precious metals are on the move up and right now it seems that the […]

Continue Reading

Bernanke lifts gold price again

Precious metal bulls have got used to being “saved” by Federal Reserve Chairman Ben Bernanke in recent years. Frequent spurts higher in the gold price often coincide with Bernanke …

Continue Reading

Bullish future for Mexican silver mining

In an interview with The Gold Report, the Canadian gold and silver analyst Mike Kachanovsky, a.k.a. ‘Mexico Mike’, stated that the precious metals bull market still has plenty of life left …

Continue Reading

Interpreting the Sideways Gold Price

Interpreting the Sideways Gold Price

Gold has delivered zero net gains over the last six months. That may point to one rather useful property…read more

Continue Reading

Chinese gold buyers here for the long haul

Another painful day for precious metal holders yesterday – with talk of slowing growth in China and Europe still hurting stocks and commodities. The gold price broke decisively below …

Continue Reading

Slowing Global Growth was the Theme Today

Slowing Global Growth was the Theme Today

Overnight news out of China and out of Europe detailing slower than expected growth was the catalyst that served to upset the apple cart of the equity market bulls in today’s trading session. It also led to further hedge fund selling of commodities in …

Continue Reading

Update on Silver with a follow up from the CFTC

Update on Silver with a follow up from the CFTC

This is a continuation from a post I did on silver after the extraordinary price and volume that took place late in the Comex session this past Tuesday. That post can be found here. Silver’s 50 day simple moving average of volume is around 44,000 contracts a day. And in three minutes before the close of the Comex it traded nearly 3,000 contracts with a sharp move in price of nearly down 1%. Within minutes after the close it did what I would call a U-turn and proceeded to march back toward where it broke down from in the proceeding overnight session. This seemed rather odd to me at the […]

Continue Reading

Gold has my attention (Subscription service update)

Gold has my attention (Subscription service update)

This is not technical analysis this is auction market analysis on gold.   Auction market analysis is the foundation of what my trading methodology in futures is built upon. Gold is building up tension in the current o…

Continue Reading

Fed trapped between a rock and a hard place

The “China slowdown” meme dominated the economic news yesterday, leading to a sell-off in commodities and precious metals. The silver price in particular suffered – the metal …

Continue Reading

Do you believe that the silver market is manipulated?

Do you believe that the silver market is manipulated?

Do a search on manipulative scheme called “banging the close”. Then take a look at this 1 minute silver chart today in the last three minutes of trading.  Today is Tuesday which is the cutoff for the Commitments of Traders Report.  I was wondering when the cutoff was since Ed Steer mentioned it in his Gold and Silver Daily recently.  Is it at the close of the Comex, or the close of electronic trading? Take a look at the second chart which shows the trading in the overnight after the close of the Comex.  The left hand side is a 5 minute chart. What do you think?   Consulting?  ScottPluschau@gmail.com  

Continue Reading

Chinese gold imports will keep increasing

Since China began to embrace economic progress in the 1990s and let the compelling forces of capitalism take hold to raise living standards in that country, its impact on world markets has been …

Continue Reading

Gold’s Bullish Would-Be Bears

Gold’s Bullish Would-Be Bears

Gold Prices are horribly correlated with the stock market right now. Not that it matters…read more

Continue Reading