RSSCategory: Articles: Gold Silver Prices

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 …

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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 […]

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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…

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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 …

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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  

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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 …

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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

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Gold/Silver ratio heading lower

Precious metals enjoyed a decent rebound yesterday, following the price dips on Wednesday. Gold rose to $1,648 at yesterday’s London PM Fix, having fallen below $1,640 earlier in the day, but …

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Gold and Silver Find Support At Long Term Uptrends, Significant Bargain In Miners

Gold and Silver Find Support At Long Term Uptrends, Significant Bargain In Miners

Gold is pulling back to long term support and is able to be purchased at a discount. Investors may be seeking riskier assets due to fears of inflation and higher interest rates.  Right now industrial metals such as copper/ nickel, oil and blue chips are outperforming due to their value of being hedges against inflation and represent the riskier assets. Gold and silver which has in the past represented risk off is still in consolidation mode.  Eventually investors will realize that the monetary metals can do well in both a deflationary risk off environment as well as an inflationary risk on environment and the trend will turn significantly higher as […]

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Pattern recognition of the day – Gold

Pattern recognition of the day – Gold

Gold had a perfect “Double Bottom” pricing pattern on the five minute chart today.  The second bottom failed to take out the first on lower volume, and the break in the neckline was history.  Do not be early on these patterns.  There is …

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Gold’s Hairway to Steven

Gold’s Hairway to Steven

These swings in the Gold Price are less Led Zeppelin, more Butthole Surfers…read more

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Silver approaching neckline of a Head and Shoulders pattern

Silver approaching neckline of a Head and Shoulders pattern

Bulls do not want to see this neckline of a “Head and Shoulders” pattern fail on the daily chart in silver, right hand side below.  A H&S pattern is not bearish until then.Failed patterns are the strongest signals so should it breakdown with n…

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Gold and silver prices hit by rising greenback

Although in recent weeks the silver price has suffered from high volatility, the white metal has outperformed gold. Though silver is currently correcting – in-part because of a rising US dollar …

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Asian trade deficits: prelude to more money printing?

Gold and silver prices slipped lower yesterday, partly perhaps because of bearish Chinese economic statistics, but the more relevant point is simply that these markets are consolidating. Whether or …

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