Latest Gold & Silver Price News

Another Day Older and Deeper in Debt

| November 5, 2015 | Category: Economy
Another Day Older and Deeper in Debt

Debt overwhelms most people in debt based fiat currency economies. Credit cards, auto loans, student loans, mortgages, and more … Debt overwhelms most governments in debt based fiat currency economies. They are in debt because governments spend more than their revenues, which is a truly simple concept. However, don’t expect fiscal sanity to return anytime soon.

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Could Silver Test Its Lows?

| November 4, 2015 | Category: Price
Could Silver Test Its Lows?

This does not bode well for the short and medium term. We anticipate at least a test of the recent lows; even a lower low is in the cards. However, the good news is that it could become the final (washout) bottom, setting up for a huge buying opportunity!

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We Are In A Transition To A Multi-polar Currency System

We Are In A Transition To A Multi-polar Currency System

We are currently in a transition period to a multi-polar currency system. The period of dollar dominance appears to be slowly but surely coming to an end. In the wake of Russia and China significantly strengthening their strategic alliance in recent months, it appears as though Western sanctions have heralded a new round in the struggle over the global monetary architecture.

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Is There Much Downside In Gold?

| November 3, 2015 | Category: Price
Is There Much Downside In Gold?

There is not much room left to the downside, given the structure of bear markets. When carefully observing the second chart above, one can clearly see that the absolute bottom is being set around the 2nd year, following a very sharp reversal of a top. That type of extreme reversal occurs once. Such a bear market behavior is visible in today’s bear market as well. It means that the drop of 2013 was the key event in this bear market, and prices can go somehow lower but not to a significant extent.

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Silly Debt, Paper Dies, Gold Thrives

Silly Debt, Paper Dies, Gold Thrives

The answer to “What difference does it make?” is that western economies plus Japan are currently in debt overdose mode which requires exponentially more debt for survival … so the agony of withdrawal occurs now … or later, when it will be even worse. The purchasing power of our debt based fiat currency will be exponentially eroded until the catastrophic “debt withdrawal” occurs. You can: Protect your purchasing power with silver and gold, or Trust that purchasing power will not decrease, in spite of 100 years of history. Paper dies, gold thrives! Paper dies, silver thrives!

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COMEX Gold Again Capped A Rally. Gold’s 2 Downside Targets.

COMEX Gold Again Capped A Rally. Gold’s 2 Downside Targets.

Gold was looking good until last week Wednesday, October 28th. It must be a coincidence that the COMEX futures gold price always drops significantly on the day of an FOMC meeting / announcement. Right now, gold sits on its 50 day moving average (DMA). If support fails, our downside target becomes $1125 at the lower median line of the blue modified-Schiff fork. The lower median line of the red modified-Schiff fork is around $1050.

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Sound Money Takes Center Stage in Presidential Campaigns

Sound Money Takes Center Stage in Presidential Campaigns

Ben Carson, who currently shares the lead with Donald Trump in the polls, recently questioned the Fed’s role as the great facilitator of metastasizing national debt: “The only reason that we can sustain that kind of debt is because of our artificial ability to print money, to create what we think is wealth, but it is not wealth, because it’s based upon our faith and credit. You know, we decoupled it from the domestic gold standard in 1933, and from the international gold standard in 1971, and since that time, it’s not based on anything. Why would we be continuing to do that?”

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COT Data For Gold At Topworthy Level

| October 31, 2015 | Category: Trading
COT Data For Gold At Topworthy Level

Last week we noted that the level of commercial net short positions was high enough to get ready for a trend change. That’s a cue to be extra attentive to indications of trend change. That trend change was brought about by the FOMC’s Oct. 28 announcement, which hinted at a probable rate hike in December 2015. How did the commercials know that was the way that the ball was going to bounce? They do seem to have that talent a lot of the time, which I suppose is how they got to be the big money.

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Month-End Technical Review For Gold And Silver

| October 31, 2015 | Category: Price
Month-End Technical Review For Gold And Silver

Twelve times a year, we get to present the monthly charts in order to keep a higher time frame perspective. Higher time frames are much harder to turn and change trend, so it pays to always be aware of what a monthly chart is indicating. A fact that all can agree on is that price is at recent lows when compared to the 2011 highs. That indicates the trend is down. It would be impossible to argue otherwise, whether one is an experienced chart reader or has no experience.

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Silver’s Bearish Signal

| October 30, 2015 | Category: Price
Silver’s Bearish Signal

While the next Commitment of Traders positioning report will be released tomorrow, the current data we have available shows that hedge funds and other speculators are extremely optimistic on precious metals, and in particular Silver. We are at record high managed money net longs (hedge funds), which must be very surprising to gold bugs. The fact that the price has not made a higher high nor cleared the 200 day moving average – and yet every Tom, Dick and Henry piled into this trade – tells us there is still room further downside. Obviously we are wrong with a tight stop above the 200 day moving average, however looking at the dumb money positioning and various bloggers opinions, we believe there is a lot of potential disappointment coming.

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The Discipline of Silver

The Discipline of Silver

Our debt based monetary system requires ever increasing debt, inflation, and expansion. Think about the implications of $400,000 helmets and $85 Billion per month in QE. The continued devaluation of all fiat currencies is a given, based on debt, government spending and central bank policies. Hence silver and gold prices will rise substantially in upcoming years, partially because people want and need it, and mostly because fiat paper currencies are devaluing every day.

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Claudio Grass: Why This Monetary System Will Collapse

Claudio Grass: Why This Monetary System Will Collapse

Moving into physical gold requires the correct mindset, and the appropriate big picture vision. Investors and individuals should hold physical metals in a safe haven place like Switzerland for the right reasons, not as a trade for instance. And the safe haven appeal of Switzerland is still very much intact. For instance, the U.S. government or IRA cannot approach Global Gold directly. Only in case of a serious case, they can submit the suspicious activity to the Swiss government system, which then will assess whether it is an issue according to Swiss law, and only then can question the gold sitting in a private vault.

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Silver Hedgers Hold Largest Short Positions Since 2010

| October 28, 2015 | Category: Trading
Silver Hedgers Hold Largest Short Positions Since 2010

The latest Commitments of Traders report showed an eagerness to sell the metals, in particular gold and silver. Both are at levels that coincided with peaks in the metals over the past three years. In silver, hedges now have their largest short position since 2010. As noted last week, this is a huge test for metals and silver in particular. If it can continue to rally in the face of heavy pressure from hedgers, it will be an excellent sign that the bear market is likely over.

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The Circle of Gold

The Circle of Gold

Gold has been money and a store of value for at least 3,000 years. That status SHOULD return after the “paper” era has collapsed. Unbacked paper money, according to history, always collapses due to excessive printing by central bankers and politicians. Imagine that! Global debt is over $200 Trillion and rapidly climbing. Governments must borrow more currency into existence to pay off maturing debt, but total debt inevitably increases. Charles Ponzi used a similar scheme for his wealth transfer process.

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