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Gold Attracting Safe Haven Buying

Gold Attracting Safe Haven Buying

February Gold has reached the highest price levels since early October, leaving the 100 day moving average further behind. More talk that the sharp decline of oil hits severe global slowing have brought safe havens center stage. Metals are gaining despite strength in the Dollar and modest gains in equities in the last days. Seasonal buying has supported gold, as well as increased interest in mining shares over the last days and precious metals ETFs.

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Seasonality Is Supporting Gold In The Weeks Ahead

Seasonality Is Supporting Gold In The Weeks Ahead

The chart shows the seasonal pattern for gold. Notice that gold gained an average of 2.1% in January and is up 55% of the time. February was also a positive month, but March has been a very negative month for bullion.

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Big Bullish Gold Bet With Call Options On Friday Jan 9th

Big Bullish Gold Bet With Call Options On Friday Jan 9th

Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust ETF gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited time until March 2015, it’s obvious that the option trade was a bold, directional bet expressing the view that Gold might appreciate up to $130-$135. The amount committed to the trade was $10+ million. If the price of GLD reaches the range $130-$135 before expiration, this pro trader will make between 300% and 600% of his investment or $20-$50 million net profit.

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Gold Investors Weekly Review – January 9th

Gold Investors Weekly Review – January 9th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,221.6 up $35.4 per ounce (+2.96%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 0.92%. The U.S. Trade-Weighted Dollar Index rose 0.92% for the week.

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Very Strong Indirect Reasons To Buy Precious Metals

| January 10, 2015 | Category: Investing
Very Strong Indirect Reasons To Buy Precious Metals

When the fiat Federal Reserve “dollar” finally loses its status as the world’s reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price. In this article are a few examples of very strong, not so unrelated reasons for actively buying physical gold and silver.

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Forecast 2015: The Year Ahead in the Money Metals

| January 7, 2015 | Category: Investing
Forecast 2015: The Year Ahead in the Money Metals

Despite price weakness in 2014, which inspired a lot of badmouthing of precious metals in the financial media, silver coin demand hit new records. The U.S. Mint sold more than 44 million Silver Eagles, up from 42.7 million the prior year. At one point last fall, the dysfunctional government mint had to suspend orders because it couldn’t keep up with demand.

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10 Remarkable Gold And Silver Trends Going Into 2015

| January 4, 2015 | Category: Investing
10 Remarkable Gold And Silver Trends Going Into 2015

The chart setup for gold and silver does not really look like prices are ready to move much higher, at least not in the short run. Excellent chart analysis of gold and silver was provided by Michael Noonan in Gold And Silver Charts Going Into 2015: Expect More Of The Same, courtesy of ChartAnalyst.expert. Although we should not expect fireworks in terms of price, there are some favorable trends “under the hood”. They do not reflect the generally accepted pessimism towards the metals among investors. Our belief is that it will take some time until the price will move back in line with these fundamental trends. Until then, gold or silver owners can rest assured that the gold and silver market is not as bad as some would like to make you believe.

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Gold Investors Weekly Review – January 2nd

Gold Investors Weekly Review – January 2nd

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,187.88 down $8.12 per ounce (-0.68%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 3.72%. The U.S. Trade-Weighted Dollar Index rose 1.20% for the week.

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Why You Need to Own Gold In 2015 and Beyond

| January 2, 2015 | Category: Investing
Why You Need to Own Gold In 2015 and Beyond

The essential trust in fiat currencies is beginning to fade. People look aghast at the “debt clock” in Times Square now surpassing $18 trillion. Their minds are boggled at the trillions of new dollars created by the Fed via extraordinary maneuvers such as Quantitative Easing. Today, there are real questions about the solvency of the U.S. government, and the value of the scrip issued on its behalf.

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Ted Butler: The Perfect Crime In The Silver Market

| December 29, 2014 | Category: Investing
Ted Butler: The Perfect Crime In The Silver Market

A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation. As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out. So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical […]

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Gold Investing – Weekly Review December 26th

| December 27, 2014 | Category: Investing
Gold Investing – Weekly Review December 26th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,196.00 down $0.35 per ounce (-0.03%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 1.66%. The U.S. Trade-Weighted Dollar Index rose 0.50% for the week.

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Ronald Stoeferle: Gold Outlook For 2015

| December 23, 2014 | Category: Investing
Ronald Stoeferle: Gold Outlook For 2015

[Sticky post] What gold will do in 2015 is a question that is top of mind of gold investors, particularly during this period of the year. We reached out to gold analyst Ronald-Peter Stoeferle to get his taken on the outlook for gold in 2015. Stoeferle feels that gold is in a long term bottom range. Although the price of the yellow metal could go lower in the short run, it seems unlikely that another price crash similar to the one in the first half of 2013 is about to repeat.

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6 Great Investment Questions To Marc Faber

| December 22, 2014 | Category: Investing
6 Great Investment Questions To Marc Faber

In the latest episode of Ask the Expert, by Sprott Money, Dr. Marc Faber was the invitee. Below are the answers from Marc Faber on 6 excellent questions from Sprott Money readers.

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Crude Oil Crash, Silver Price, and Exploding National Debt

| December 22, 2014 | Category: Investing
Crude Oil Crash, Silver Price, and Exploding National Debt

Crude oil and silver prices have crashed before, and they will again. But the one constant in our financial universe that seems inevitable, for the foreseeable future, is increasing debt. Crude oil and silver prices will follow increasing debt.

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