Latest Gold & Silver Price News

The Fed, the S&P 500 & Why Gold Is Shining Bright

The Fed, the S&P 500 & Why Gold Is Shining Bright

Well here we are, caught between resistance in the S&P 500 around the 1,330 area and support around the 1,300 price level. My last two articles have discussed why I was expecting a top in the coming days and weeks ahead, but prices just continued to work higher. One of the things that I pride myself in as a person who trades and writes about financial markets in public is that I am always honest. If I blow a call I fess up and admit it. When I have made mistakes in the past, I always try to learn something new from them and I discuss losing trades publicly with […]

Continue Reading

The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck. This year is supposed to be even more auspicious since it’s a Water Dragon year, something that occurs once every 60 years. We admit that we don’t yet use the Chinese Horoscope as a technical indicator, and who knows, perhaps we should. One thing is certain—the Year of the Dragon began with an auspicious move for precious metals. The dragon that breathed fire into precious metals prices was the Federal Reserve which announced this week that it is planning […]

Continue Reading

Gerald Celente: War, Bank Runs, Riots & Gold Going Mainstream

With news from the Fed causing tremendous upside action in gold this week, and reports coming in from Los Angeles describing a massive military exercise in the streets of Los Angeles, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. Celente had this to say about the Fed announcement and subsequent press conference: “You can see what’s happened to gold prices and how they’ve spiked up. There’s no way out and it’s not only the Federal Reserve, it’s also the European Monetary Union. Look at the games they are playing. We just saw, at […]

Continue Reading

David Morgan video explaining his view on Silver & Gold and mining companies

David Morgan predicts the U.S. has another 2 or 3 years before the currency collapses. He also stakes out his predictions on where gold and silver are headed in the next year. David Morgan is the editor of the Gold & Silver investor newsletter The Morgan Report at www.silver-investor.com, which we highly recommend to increase your profits and protect your wealth !  

Continue Reading

Is It Time to Get into Gold Junior Mining Plays?

Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors. COMPANIES MENTIONED: CURIS RESOURCES LTD. – EXCELSIOR MINING CORP. – GEOLOGIX EXPLORATIONS INC. – KISKA METALS CORP. – KOOTENAY GOLD INC. – NORTHERN GRAPHITE CORPORATION – RIVERSTONE RESOURCES INC. –TIMMINS GOLD CORP. The Gold Report: Philip, welcome. In a recent Union Securities research report, you wrote, “Despite […]

Continue Reading

Money Flowing back into Commodities

Money Flowing back into Commodities

Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the Fed keeps interest rates so low that money is free. This is the perfect environment for the wild-eyed speculator, especially the hedge fund types, who ADORE LEVERAGE and will shove as much money as they can wrap their fingers around into the commodity sector in anticipation of inflationary price rises. By the way, just take one look at the following chart of unleaded gasoline if you have the stomach for it. Every time you head to the gasoline pump and fill up, you […]

Continue Reading

Profit Confidential Analyst Highlights Newmont Mining as a Top Gold Stock Pick

A question for any gold investor is whether to buy bullion or gold mining stocks. “I favor gold stocks over the higher risk of other commodity options,” says George Leong in a recent article published in popular financial newsletter Profit Confidential. Leong specifically outlines the case for Newmont Mining Corporation as a really good long-term investment and thinks the stock will bring value to a portfolio for years to come. “Newmont Mining deserves to be at the top of the list. This company stands out among other players for two reasons: its size and the firm’s low production costs,” says Leong. Newmont has grown rapidly through mergers and acquisitions, as well as […]

Continue Reading

David Morgan: Silver will knock repeatedly on $50/oz this year before breaking on through

David Morgan, publisher of The Morgan Report, a monthly newsletter that covers economic news, currency and precious metals, believes that silver will be persistent this year in trying to break through its resistance of $50 an ounce. A tightly held silver supply, continued sovereign debt concerns in Europe and a strong appetite for the white metal at the start of the year are factors that he says will make silver a leader in the commodity sector in 2012. HAI Managing Editor Drew Voros recently caught up with Morgan to discuss what’s in store for the silver market this year. Hard Assets Investor: Silver is starting out 2012 strongly. Is it […]

Continue Reading

All Central Banks globally keep on printing money

| January 28, 2012 | Articles: Insights
All Central Banks globally keep on printing money

This chart shows that Central Banks all over the world continue printing money. This is very bullish for gold, silver and gold silver stocks.   Courtesy to Casey Research  

Continue Reading

Some notes about HUI gold stocks index

Some notes about HUI gold stocks index

We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today’s session. I am not sure of the reason but whatever it is, the result is that the mining shares are finally seeing a strong bid in comparison to the broader equity markets.As most gold mining shareholders have been all too painfully aware of by now, the mining shares have been lagging the broader market for the last 6 months or so now. Notice the peak last summer and the progression lower, particularly at the end of last year.Trying to decipher at what level the analysts have pencilled in the […]

Continue Reading

Gold regains half of its losses from the record peak price

Gold regains half of its losses from the record peak price

Technicians make a big deal out of the 50% Fibonacci retracement level due to the psychological implications of that level in the minds of traders, both bulls and bears. Generally speaking,  those who have been on the wrong side of a trade and who have very deep pockets, will oftentimes allow the market to continuing moving against them while they wait for the inevitable price retracement, either higher or lower depending on which side of the market that they are on. Once they regain half of their losses, they will oftentimes then finally get out of the losing trade and move to the sidelines to access their next move. That means […]

Continue Reading

Euro Gold right at Resistance level

Euro Gold right at Resistance level

Take a look at the following chart of gold priced in Euros, or “Euro-Gold” as I prefer to term it. I have mentioned here and on some of my KWN Weekly Metals Wrap that this chart is one that all gold traders must continue to reference if they are to get a proper handle on the technical aspects of this market. The reason for this is that the issue most shaking the gold market during the “risk off” trades was the mess in the sovereign debt situation of many countries in the Euro-Zone. Fears over that factor were seeing European-based buying of gold as doubts over the integrity of the […]

Continue Reading

Gold ETF Mass Exodus

Gold ETF Mass Exodus

Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory. One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the notion that there would be widespread liquidations in the flagship GLD gold ETF, a mass exodus of capital. If it indeed came to pass, gold would almost certainly be considerably lower than we’ve seen in recent weeks. But it didn’t, the stock traders owning GLD didn’t panic and rush for the exits as feared. Instead they boldly stood their ground, continuing the long tradition of GLD […]

Continue Reading

David Duval about gold’s outlook, gold stocks and Tanzanian Royalty

Ellis Martin talks with David Duval (co-founder of JSmineset.com) about the outlook of the price of gold, gold stocks and the precious metals royalty company Tanzanian Royalty (owned by legendary Jim Sinclair). Courtesy to Ellis Martin  

Continue Reading