Latest Gold & Silver Price News

Gold Analogue: Then and Now

| October 22, 2015 | Category: Price
Gold Analogue:  Then and Now

Gold prices can be amazingly volatile, especially when fear increases and a majority of people lose confidence in debt based fiat currencies, central banks, and politicians. If the analogue continues for several more years, we might see gold prices increase by a factor of five to ten into the $5,000 to $10,000 range in five to seven years (double the 3.5 year rally in the 1970s). We should not expect this analogue to predict gold prices, but we should NOT discount the possibility of a similar pattern unfolding.

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Gold Is Exceptionally Cheap At The Moment

Gold Is Exceptionally Cheap At The Moment

According to Hathaway, gold is exceptionally cheap at the moment because the radical monetary policies practiced by the world’s leading central banks have led to an egregious mispricing of risk by investors at large. We believe that the Fed’s continuing (and increasingly glaring) inability to normalize interest rates validates our long standing thesis that monetary extremism cannot be unwound without triggering a slew of unacceptably painful consequences for the holders of risk assets and bonds.

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Costs For Banks To Hold Gold To Rise Up To 300 Pct

Costs For Banks To Hold Gold To Rise Up To 300 Pct

As noted by Reuters, new liquidity rules for banks in the EU could raise costs for trading gold by up to 300%. Consequently, banks will be forced out of the market, according to London Bullion Association (LBMA).

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Silver Prices Will Rise Considerably Between 2016 And 2020

| October 20, 2015 | Category: Price
Silver Prices Will Rise Considerably Between 2016 And 2020

In the next few weeks the banks may engineer another gold and silver smash, but silver prices will rise considerably in 2016 – 2020. The US and most global stock markets have entered a bear market. Some paper wealth will move from collapsing stock and bond markets into pure wealth – gold and silver, causing prices to rise.

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Gold Price Strengthening as Debt Ceiling Debate Heats Up … Again

| October 19, 2015 | Category: Price
Gold Price Strengthening as Debt Ceiling Debate Heats Up … Again

Since President Obama’s inauguration in 2009, the federal debt held by the public has soared by 107%, according to recent data published by the Treasury Department. In raw dollars, Obama and his allies in Congress have burdened families with an additional $6.7 trillion in debt. That’s equivalent to more than $57,000 per household. Now the Obama administration is hoping to extract one last debt deal out of the retiring GOP Speaker.

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Gold: Third Time’s The Charm? Amazing Chart.

| October 19, 2015 | Category: Price
Gold: Third Time’s The Charm? Amazing Chart.

Gold has broken above its 200-day average for the first time in 100 days once again. That’s the third time in the past five years. It has had multiple failed breakouts after being below its 200-day average for more than 100 days several times in the past 40 years. The third time it managed to break above its average coincided with sustained rallies during the next 1-3 years.

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Weekly Gold Market Review For October 16th

Weekly Gold Market Review For October 16th

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 $1,175.48, up $18.20 per ounce (1.57%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 1.72%. The U.S. Trade-Weighted Dollar Index fell 0.08% for the week. Junior miners underperformed the seniors for the week as the S&P/TSX Venture Index gained just 0.73 percent.

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Will The Gold Price Close 2015 with a Gain?

| October 17, 2015 | Category: Price
Will The Gold Price Close 2015 with a Gain?

After its stellar performance this week, gold might do something it hasn’t done since 2012—that is, end the year in positive territory. Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving average and is close to erasing its 2015 losses.

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Why Obama Is Bullish for Gold And Silver

| October 17, 2015 | Category: Price
Why Obama Is Bullish for Gold And Silver

Ironically, we see Obama as a positive influence on gold and silver, for none of this will end well as the increasingly internationally shunned US tries to make the changes it wants to see, when such misdirected efforts backfire and only add fuel to the fire. Gold has had stronger rallies, such as starting from the end of June 2013, to keep a perspective on current market activity and not get overly swayed that a final bottom is in place. What bears closer scrutiny now will be the character of any reactions.

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Precious Metals Complex Breaking Downtrend

| October 16, 2015 | Category: Price
Precious Metals Complex Breaking Downtrend

The precious metals sector has enjoyed decent gains over the last two weeks. The two charts below learn that three out of the four major assets within the Precious Metals sector have broken out from their downtrends (only GDX lags).

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How To Know When Gold’s Bull Market Has Resumed?

| October 15, 2015 | Category: Price
How To Know When Gold’s Bull Market Has Resumed?

We are closely watching gold’s 90 week moving average (WMA), which was broken in December 2012, and, by doing so, confirmed the start of gold’s bear market. The 90 WMA comes in at $1226.96 /oz, and it will be a critical test for the precious metals complex. At least 3 weekly closes above its 90 WMA will prove to be a confirmation of gold moving out of its bear market.

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Gold Bottomed After Recovering From Its 50% Retracement?

| October 15, 2015 | Category: Price
Gold Bottomed After Recovering From Its 50% Retracement?

The monthly bars in the chart show that the spot price of gold has retraced exactly 50% of its ten-year bull market between 2001 and 2011. The fifty percent retracment line often acts as a major support level. It’s also noteworthy that the RSI line has been trending sideways near oversold territory. All of which suggests that precious metals may be scraping bottom.

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Dollar Decline Cycle

Dollar Decline Cycle

Expect continued US dollar weakness for several years. Expect stock and bond markets to “regress to the mean” – substantially lower. Expect gold and silver prices to benefit from dollar weakness and US geopolitical difficulties. $5,000 gold will not happen this year but it is quite possible by the election in 2020. Much higher prices are likely if central banks and governments choose to push the US into a hyperinflationary collapse. And finally, buy gold and silver while supplies at these repressed prices (thank you TBTF banks) are still available.

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A Detailed Technical Look At Gold’s Breakout

A Detailed Technical Look At Gold’s Breakout

There has finally been some positive price action on Gold ($GOLD) and to some extent on the gold miners. Let’s take a look. Gold has been building this red wedge for almost three years now. The past two weeks it broke above the trend line and tonight we’ll see a taller candle approaching horizontal resistance around $1180.

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