Category: Articles: Gold Silver Prices
Prospects For Gold And Silver Prices From A Russian Point Of View
More rubles, some yuan, maybe even some gold. Totally absent is the use of the dollar as the disappearing world reserve currency. Putin is taking his job of running a country seriously and responsibly.
Few Realise How Undervalued Silver Is At Current Prices
The current price for silver is extremely low and during the third quarter of 2013, silver mining costs averaged $21.39 per ounce. If these low prices persist, mines will eventually close reducing the amount of silver on the market. In turn, that lack of supply should push prices up.
Gold, Silver, Debt – Don’t Miss These Important Charts
In this article, contributor Peter De Graaf shows in five charts the long and short term corrections of the gold and silver price. Precious metals remain within their rising trendline, despite the negative sentiment among investors and trader. Moreover, the seriousness of the debt situation and the impact on the dollar “paper currency” is shown in four charts.
4-Year Silver Cycle Suggests Silver High Around 2016
The last four cycles from crash low to high have taken from 1.75 to 2.5 years. That suggests an upcoming high sometime in 2015 – 2016. The last four cycles from crash low to launch low have taken 1.0 to 1.3 years. That suggests an upcoming launch low sometime in 2014. Following the launch lows, highs occurred approximately 0.5 to 1.2 years later. That suggests a high sometime in 2015 or 2016. We will wait and see.
Future of Investing in Gold
We are of the firm belief that gold has an inherent, intrinsic value that most other asset classes lack. The world economy is shaped as much as the policies of the government as by the sentiments of people. And throughout history, people have shown the sentiment that when the going gets tough, they fall back on gold.
Thomson Reuters Expects A Decent Gold Price Recovery In 2013
The underlying surplus in the gold market (which has ballooned in recent years) is therefore likely to shrink by a fair amount this year. This, along with a probable recovery in buy-side interest from professional investors and ongoing central bank purchases, should pave the way for a decent price recovery later this year.
Gold Silver Price – Fundamentals Never Say “When.” Charts Do.
Fundamentals give the reasons for taking a particular action, but they do not provide the timing. The most important piece of market information always starts with the trend. Gold is now beginning to show signs of a potential bottom. It is too soon to know for certain, at least on the monthly, [not shown], and weekly charts.
Silver – Noise Is Deafening
The weak prices for silver and gold during the past three years are a correction to the massive run-up in prices from October 2008 – mid 2011. During that time silver increased from a low of $8.53 to a high of nearly $50.00. Gold increased from a low under $700 to a high over $1,900. They have been correcting since then. The correction is, I expect, over.
Gold Tests Support At $1,200/oz
Gold was pummelled overnight in Asia when a very large sell trade just after the market opened led to further selling throughout the session and this weakness continued in London this morning. Gold is now at its lowest level in 3 years. Somewhat positive U.S. economic data has again lifted stock markets and speculation that the Fed may decrease its QE over the next few months may be pressuring gold. However, these factors do not justify the scale of gold’s fall.
Don’t Cry For My Money Argentina
Argentina is a prime example of currency depreciation and capital controls. Casey Research reported this week how Argentines are doing everything they can to circumvent a new dollar clamp which is imposed by the Uruguayan government. They take risks traveling to Uruguay to extract US dollars from their peso-based Argentine credit cards.
Gold & Silver Price Subject To Greediness Of Traders
Short covering, triggered by rumours of a potential US downgrade from Moody’s, are sending gold and silver prices vertical. The move higher comes after a very suspicious spike this night in which the silver price was pushed 10% lower within the first hour of Asian trading (with a bank holiday in Europe). The charts show the price action in today’s trading sessions. In our own words: folly of the highest degree, or the metals being subject to greediness of traders.
Silver Price Recovers From Its Flash Crash
The silver price has recovered most of its losses of Asian trading. For now, we believe that the downward pressure on the metals prices has reached a point where a bounce (at least a temporary one) is imminent. Too many technical traders are in the bearish camp. Meantime, the commercials have positioned themselves increasingly long. It seems that they are ready to extend their profits on a rally, after their gigantic profits during the crash mid-April. The ferocity of a potential short covering should be the main theme at the desk of the commercials right now.
Gold: Motive, Means & Opportunity
Gold and silver are in long term bull markets. One of the objects of a bull market is to arrive at the peak with very few long term participants. The “bull” wants to buck you off periodically. It usually happens. Basic human nature – fear and greed – makes it difficult to ride the bull most of the way up and exit at the proper time. Fortunately for gold and silver bulls, there are many more years of deficit spending and increasing debt that will push metals prices much higher.
Silver Price Down 7% Right After Asian Opening
At the time of writing, it is midnight GMT (London) / 7 PM EST (New York) / 8 AM in Tokyo. The Asian market opened less than an hour ago. Large parts of Europe have a bank holiday today. So that means very thin trading. What happens? Really seconds after opening of Asian trading silver falls down from $22.3 to $20.8 in a matter of minutes.
