Latest Gold & Silver Price News

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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Silver Bullion Coins on Allocation at Major National Mints

Silver Bullion Coins on Allocation at Major National Mints

Globally, silver bullion coin sales reached an all-time high of 32.9 Moz in the third quarter of this year, according to GFMS Thomson Reuters data. This volume was a 74% quarter-on-quarter and 95% year-on-year increase. Sales in North America, Europe, Japan and other Asian countries (predominantly China) saw quarter-on-quarter growth of 74%, 72%, 95% and 202%, respectively.

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Peak Debt And The Need For A Reliable Store of Value

| October 13, 2015 | Category: Investing
Peak Debt And The Need For A Reliable Store of Value

These days, most investors seem unconcerned about the unsustainable levels of global debt and the inflationary potential of the trillions of dollars created by the major central banks especially the U.S Federal Reserve. And, few seem the least bit worried about what a zero interest rate policy (ZIRP) or even a negative interest rate policy (NIRP) will ultimately do to the purchasing power of the dollar.With slow global economic growth, ZIRP and NIRP, expansionary monetary policies of the major central banks as well as exploding debt levels, the future of our current financial system looks very precarious. Despite all of the disparaging talk about precious metals, I believe that the current low levels offer spectacular value.

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Gold & Silver Prices At Critical Juncture

| October 12, 2015 | Category: Price
Gold & Silver Prices At Critical Juncture

Gold is showing some strength in recent weeks. Here we see that price has pushed above the upper median line of the bearish Andrews pitchfork.This is encouraging but price now has to deal with significant resistance in the $1160-1170 area.

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Green Light For Silver

| October 12, 2015 | Category: Price
Green Light For Silver

Silver looks like it has bottomed and will move substantially higher. This article discusses the short, mid and long term view, and justifies silver going (much) higher from here.

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Here Is NIRP, Negative Interest Rates, Gold More Important Than Ever

Here Is NIRP, Negative Interest Rates, Gold More Important Than Ever

Bottom line: You should soon expect to start paying interest for the “privilege” of lending your savings to a bank! Gold and silver may be down, but after thousands of years of history as a reliable store of value, but they are anything but out

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Peak Gold Is Imminent: Global Gold Production Starts Falling

Peak Gold Is Imminent: Global Gold Production Starts Falling

Earlier this week, Financial Post released an article confirming that ‘peak gold’, or the gold ‘production cliff’, appears to be imminent. According to numerous professional estimates, gold output will top out in 2015 or 2016 and then go into decline for several years at least.

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Weekly Gold Market Review For October 9th

Weekly Gold Market Review For October 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 $1,157.25 up $18.46 per ounce (1.62%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 12.22%. The U.S. Trade-Weighted Dollar Index fell 0.95% for the week. Junior miners underperformed seniors for the week as the S&P/TSX Venture Index’s rose only 5.08%

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Gold And Silver Are Trapped In A Low-End Trading Range

| October 10, 2015 | Category: Price
Gold And Silver Are Trapped In A Low-End Trading Range

The forces described in this article are the true ones influencing gold and silver, not record coin sales, not record purchases month in and month out for the past few years by China, India, and Russia. Waiting patiently on the sidelines are gold and silver, wanting to have their day, and that day will happen, just not knowing when. Again, while the current rally seems fairly decent on the daily, the more controlling larger weekly time frame is not that impressive. A weekly chart is a stronger guide than a daily. Even the smaller range of last week, relative to the week before, suggests sellers are keeping a check on this market, at least for now.

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Is Silver’s Break Out An Early Bullish Signal For Gold?

| October 8, 2015 | Category: Price
Is Silver’s Break Out An Early Bullish Signal For Gold?

The chart shows that silver has already broken out from a major 3-year declining trendline. Silver has a track record to lead the precious metals complex. Is silver’s early break signalling a trend change? Or is this simply another false breakout, as we have witnessed quite some over the last years? Given the above conditions, we believe there is a fair chance that this breakout is for real.

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Ground Zero in the War on Cash: Greece

Ground Zero in the War on Cash: Greece

Greece offers us an interesting example. It will allow us to observe the spread of the tentacles of Europe-style statism as well as the measures the population will undoubtedly take to resist it. Since the Greeks are unlikely to meekly submit to statist oppression, this promises to be quite exciting. Who knows, we may eventually even get the opportunity to see what happens if a total cash ban is introduced. Given that Greece is brimming with British gold sovereigns, we can already guess how such a decree would be undermined by enterprising Greeks.

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