Latest Gold & Silver Price News

What Is The Gold vs Debt Correlation Suggesting?

What Is The Gold vs Debt Correlation Suggesting?

Gold’s rate of change has been more dramatic than U.S. debt, as suggested by the second chart. As the price of gold is in the process to make a lower low currently, it’s rate of change is close to coincide with the one of U.S. debt. The chart suggests that the gold price correction after 2011 was to be expected, given that the yellow metal had risen too much, too fast. Our opinion is that the correction in precious metals is not over, but that the downside is limited.

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Gold And Silver At Make Or Break Level, As Dollar Breaks Out Big Time!

| November 9, 2015 | Category: Price
Gold And Silver At Make Or Break Level, As Dollar Breaks Out Big Time!

The metals sold off last week. Gold is testing righ now its August lows. This is a critical price level, gold bulls would like to see this price level hold, otherwise a washout (capitulation-alike) decline could be in the cards. As for silver, it is holding up slightly better. According to the Andrews Pitchfork methodology from PitchforkPlayground.com, gold has been whacked hard as the US Dollar rallies. Support is occurring at the lower median line extension of the modified-Schiff pitchfork and the July/August lows. The outlook of the precious metals is clearly not supported by the secular breakout of the U.S. dollar. As the multi-decade chart shows, the dollar has broken out of its declining secular trendline, earlier this year, and is about to confirm its breakout by moving higher from these price levels.

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Deception Rules Gold And Silver Markets, Not Fundamentals

| November 7, 2015 | Category: Price
Deception Rules Gold And Silver Markets, Not Fundamentals

As we have noted all year, the currency correction has been relatively weak, and weak corrections auger for higher prices. There is no way to know how much higher the deception of the fiat “dollar” will go. There will inevitably be signs of some form of ending action that declares the down trend to be finished. We have not yet seen any such sign. The sooner price can make a new recent lower low, the greater the probability that the down trend will end. In that regard, everyone who wants to be bullish should cheer on lower prices, for now.

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Weekly Gold Market Review For November 6

Weekly Gold Market Review For November 6

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 $1,088.94 down $53.22 per ounce (-4.6%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 9.68%. Junior miners outperformed seniors for the week as the S&P/TSX Venture Index lost 1.43 percent. The U.S. Trade-Weighted Dollar Index soared 2.29 percent for the week.

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Gold Within Striking Distance Of 5-Year After NFP

| November 7, 2015 | Category: Price
Gold Within Striking Distance Of 5-Year After NFP

Based on the secondary indicators, a case can be made for at least a short-term bounce in the coming week. While the MACD is predictably trending lower below both its signal line and the “0” level, showing strongly bearish momentum, the RSI indicator has finally reached oversold territory (below 30). The last time the RSI indicator was this low, gold formed a medium-term bottom just below the 1100 level and rallied for the next three months. Bulls will be hoping that history repeats itself next week.

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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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