RSSCategory: Articles: Gold Silver Prices

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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Long-term Silver Chart Analysis indicates why Silver is likely to pass $150

Long-term Silver Chart Analysis indicates why Silver is likely to pass $150

Silver Forecast: Long-term Silver Chart Analysis Indicates Why Silver Is Likely To Pass $150 I would like to point out some interesting signals on the long-term chart for silver. Below, is a long term chart for silver: On the chart, I have highlighted …

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Inflation Ahead: Buy Gold or Buy Stocks?

Inflation Ahead: Buy Gold or Buy Stocks?

Buy Gold or buy stocks when inflation looms…?read more

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Iraq aims to increase gold production

According to Iraq’s own data, aside from possessing the world’s second largest crude oil reserves, the country also possesses important gold and diamond reserves. The Iraqi government is thus hopeful …

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Comments on the Gold Chart – 2nd March 2012

Comments on the Gold Chart – 2nd March 2012

The Daily Chart is pretty clear as to the larger resistance and support levels. Those remain the same as they had been previous to the strong upside moves on Monday and Tuesday of this week. The sell off was contained on the downside by the same level support that has held for over a month now. Value buyers continue to surface near and just below the $1700 level. Reports of very strong increases in physical offtake are surfacing out of Asia on such dips in price. This buying is not of the nature that it chases prices higher; that requires the momentum crowd (hedge funds in particular) many of which […]

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Natgas Down, Opportunity Up

By Marin Katusa, Chief Energy Investment Strategist, Casey Research The energy market is a complex beast, its many parts interconnected through a multitude of linkages. When one part fails, the entire system reacts: certain linkages are burdened with extra stress, while other components sit idle. Only by studying the entire machine can one understand the rippling effects that stem from one change. With the energy market, the system is made up of various sectors – oil, natural gas, uranium, coal, and alternative energies – and the countries that have each of those energy resources. The components are then linked through a long line of forces, including the geographic distributions of […]

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Gold holds at support near $1700

Gold holds at support near $1700

Gold thus far is holding quite well on the technical price charts as the $100 break in price has apparently revived the huge physical market buyers who are seeing value in the metal near the $1700 level.A closing push through $1725 would be constructive and would set the market up for another test of the resistance barrier near the $1750 level, which held the market in check prior to last week’s breakout.Considering the spanking that this market received yesterday, it is showing very good resilience. Author: Trader Dan

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Silver back to knocking on the door of chart resistance again

Silver back to knocking on the door of chart resistance again

This is a rather remarkable price chart and what can only be called remarkable price action on display. As you all know by now, silver was absolutely obliterated yesterday resulting in the total erasure of the huge breakout rally from Tuesday. Such occurrences are very uncommon from a purely technical analysis perspective. More often than not, such a breakout will see some initial profit taking followed by another burst of buying as momentum based buying kicks into high gear. To witness a market completely undo such a breakout on massive volume  and then to experience only minor additional downside pressure is also something that one rarely sees. We are getting a […]

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Speculation in Gold Futures Blamed for 5% Plunge

The price of physical bullion and Gold Futures rallied in Asia and London trade Thursday, at one point recovering more than a third of yesterday’s sharp $100-per-ounce decline to touch $1725. Global stock markets also rallied as commodities rose, but the Euro currency slipped further to new 1-week lows. Silver Bullion briefly rose back above $35 per ounce – a three-decade record when breached in March last year, but still 6% below Wednesday’s early jump to 5-month highs. Yesterday’s plunge in physical and Gold Futures pricing “makes it quite clear that the previous rise…had been driven mainly by speculation,” says today’s note from Commerzbank’s commodities team. Traders and analysts variously point today to Fed chairman Ben Bernanke’s semi-annual testimony on […]

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Gold and silver price smack down

$37.48 was yesterday’s silver price high, followed by a plummet down to a low of $34.06 – recovering slightly to just under $35. The story was the same in gold, with a dramatic $100 smack down in the price in late morning trading at the New York Comex. Ostensibly, the reasons for this sharp price drop in precious metals (platinum and palladium experienced similar losses) and commodities more generally were comments from Federal Reserve Chairman Ben Bernanke, who sounded a note of cautious optimism about the US economy during testimony to the House of Representatives Financial Services Committee yesterday. Bernanke noted that the drop in unemployment to 8.3% in January […]

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Graph – Could gold price really go to $ 10,000

Graph – Could gold price really go to $ 10,000

If you are involved with technical analysis, you have undoubtedly heard about the Elliot Wave principles. If we would apply those principles to the gold price, it appears you could get prices of more than 10,000 dollar over the coming years. Check it out on this graph.   Courtesy: Goldchartsrus.com  

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Gold & Silver Smash Temporary, Oil to Super-Spike

With gold at one point trading over $75 lower and silver down over $3, today John Embry told King World News this is nothing more than a temporary smash and he expects both metals to come roaring right back. Embry, Chief Investment Strategist at Sprott Asset Management, also said oil may quickly spike to a number that will literally cripple the global economy. But first, here is what Embry had this to say about silver: “This relates to the massive blowout in open interest in both gold and silver over the last few weeks. The market is always vulnerable short-term in that situation. Central planners can’t announce they are going […]

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Silver Chart Analysis – 29th February 2012

Silver Chart Analysis – 29th February 2012

Following is an 8 hour chart of the front month silver contract (that will be changing to May from March) detailing the technical action. All of the readers know by now that the commodity complex was being targetted by the Fed in today’s comments coming from Chairman Bernanke. Prior to his testimony in front of the House Committee, silver was trading higher recovering from some mild profit taking late in yesterday’s session and into early Asian trading in the evening. This is normal in a market especially after having put in a strong upside breakout on heavy volume from a recent consolidation pattern. Dip buyers came back in taking the […]

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