Latest Gold & Silver Price News

Gold and Silver, Good and Bad Choices

| September 29, 2015 | Category: Investing
Gold and Silver, Good and Bad Choices

Buying gold in early January 1980 and for much of the next 19 years was probably a bad choice, so do your own research to make good choices. While trading paper currencies for gold is, in my opinion, currently a good exchange, it is not always a good choice.

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Gold’s Trend Change: 7 Bullish Indicators

| September 28, 2015 | Category: Price
Gold’s Trend Change: 7 Bullish Indicators

It is getting very exciting in the gold market! We have shown several bullish gold indicators in the last couple of weeks. Here is the thing: the number of bullish indicators keeps on growing. At these low price levels, the number of bullish indicators keeps on growing, and that points to a trend change.

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Gold Miners: The Ultimate Contrarian Investment

| September 28, 2015 | Category: Stocks
Gold Miners: The Ultimate Contrarian Investment

Returns have been quite awful to say the least, which from a contrarian perspective gives investors a chance to bet on a short term bounce, if not a long term rebound. Conditions in the Precious Metals sector are very much depressed from the historical basis, as evidenced by the following two charts.

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Weekly Gold Market Review For September 25th

| September 26, 2015 | Category: Investing
Weekly Gold Market Review For September 25th

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 $1,145.89 up $6.87 per ounce (0.60%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.13%. The U.S. Trade-Weighted Dollar Index gained 1.35% for the week. Junior miners outperformed seniors for the week as the GDM Index lost 3.13 percent, more than the S&P/TSX Venture Index’s loss of 1.53%.

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Gold Outlook: Bears Showing Signs Of Fatigue

| September 25, 2015 | Category: Price
Gold Outlook: Bears Showing Signs Of Fatigue

Bloomberg reports today an extremely interesting insight from the options market. Based on data compiled for SPDR Gold Shares (GLD) by Bloomberg, the put-to-call ratio, or the number of bearish options trading compared with bullish ones, is at the lowest since 2012. “The open interest on puts fell to the lowest since mid-July on Sept. 21, signaling bears may be losing their stranglehold on the market.” These data show that gold bears are finally showing signs of fatigue, if options trading is any indication.

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Gold Price Outlook After Yesterday’s Rally

| September 25, 2015 | Category: Price
Gold Price Outlook After Yesterday’s Rally

Gold rallied strongly yesterday on a safe haven bid amid stock market turmoil. As the stock market was sinking lower, moving closer to its August lows, gold and silver in USD moved more than 2% higher. More interestingly, gold miners rallied more than 5% on the day. The million dollar question is where we go from here. Let’s look at two charts to get an idea of gold’s and the miners’ outlook.

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Now Is The Time To Accumulate Future Gold Mining Tenbaggers

| September 24, 2015 | Category: Stocks
Now Is The Time To Accumulate Future Gold Mining Tenbaggers

One of the people who has proven to be extremely successful in the gold mining area is Keith Neumeyer. He has made First Quantum Minerals and First Majestic Silver successful, and he started those companies at the depths of the previous bear market. His first two gold miners reached billion-dollar market caps. He now is going for a third succes with First Mining Finance (FF). It’s a mineral bank for hard asset investors, where Keith and his team will accumulate high-quality resources at dirt cheap prices due to the 4-year commodity bear market.

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The Great Illinois Gold Rush

The Great Illinois Gold Rush

A state salary or pension in Illinois (and many other states and countries) may be at risk. An alternate plan is needed. Politicians will “extend and pretend” instead of addressing structural problems, so those problems will become worse. Unpayable liabilities will not be paid. Consequences will be ugly and may arrive soon. Be prepared! Buy gold (and silver) to protect your purchasing power.

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The Difference Between Gold and Debt

The Difference Between Gold and Debt

The world has added approximately $60 Trillion in debt since 2007, much of it sovereign debt created from deficit spending on social programs, wars, and much more. In that time the world has mined perhaps 30,000 tons of gold, or about 950 million ounces, worth at September 2015 prices a little more than a $Trillion. It is easy to create debt. Debt increases, currency in circulation increases, and until it crashes, life is good for the financial and political elite. But debt increasing 60 times more rapidly than gold indicates that debt is growing too rapidly and due for a reset.

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Gold Prices Climb after the Fed Announcement

| September 22, 2015 | Category: Price
Gold Prices Climb after the Fed Announcement

While Demand for physical gold and silver in August and September has been exceptionally strong as investors seek a safe-haven from market turmoil, the traditional months of strong demand from Asia are now ahead of us which will add even greater demand for gold in the coming weeks. In India, gold demand will reach its peak later than usual this year as Diwali falls in the second week of November.

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Technical Short-Term Bullish Signals on Gold

| September 22, 2015 | Category: Technicals
Technical Short-Term Bullish Signals on Gold

Gold executed the bullish declining wedge with last week’s breakout. Confirmation is arriving in the form of a new PMO BUY signal and a STTM BUY signal that triggered when the 5-EMA crossed above the 20-EMA. We await a positive 20/50-EMA crossover to retire the ITTM SELL signal.

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What Needs to Happen on the Gold Chart To Become Bullish

| September 22, 2015 | Category: Technicals
What Needs to Happen on the Gold Chart To Become Bullish

Monday’s moderate weakness looks innocuous in the context of the bullishness of the 240-minute chart shown. Notice that the presumptive C-D phase of the rally begun from 1081.40 in early August stalled precisely at the 1141.90 midpoint pivot. This confirms the authority and reliability of the pattern itself, while also shortening the odds that a decisive push past p would go at least to p2=1164.00, or to D=1186.10 if any higher.

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Citibank Calls for Helicopter Money Drops across Globe

| September 21, 2015 | Category: Money & Currency
Citibank Calls for Helicopter Money Drops across Globe

Perhaps the central planners will even start mailing us all checks – early tax rebates or the like – so we go out and spend. Buiter’s call for shoving money down everyone’s throat is representative of the philosophy that pervades the Federal Reserve and Washington DC: There can never be too much stimulus or money creation. If stimulus is failing, it is simply because it is inadequate. It is time to double down. Couple Buiter’s request for “helicopter money” with his recent modest proposal to abolish cash – an idea gaining real traction with policy makers and the major banks – and you have everything you need to know about why it is important to hold physical gold and silver.

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First Majestic Hitting Multi-Decade Support Level

| September 21, 2015 | Category: Stocks
First Majestic Hitting Multi-Decade Support Level

First Majestic could go lower from here but it has reached a fairly strong support level. The $3 level acted as both support and resistance during 2006 through 2010 and now price is testing that level again. The sliding parallel, see the dashed line on the chart below, provided support in November and December 2014 and price is testing that support level again.

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