Latest Gold & Silver Price News

Silver runs right into a Resistance Zone and then halts

Silver runs right into a Resistance Zone and then halts

Just as if on clue, Silver bulls came out of the gate bucking high and hard but were unable to throw the bears who have dug in at the exact spot on the chart which says they should. Take a look at this chart which I posted last week and which is still applicable after today’s trading session. Notice how silver shot up throw that “formidable resistance zone” near $32.50 but then faded to close almost right on the line instead of solidly above it. Still, the bears dodged that bullet only by the slimmest of margins as the market put in a strong close to end the session, although […]

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Look for Gold Juniors with Theme-Changing Catalysts

Annie Zhang, an analyst with Toronto-based investment bank Octagon Capital, is expecting some good stories to come out of Argentina and Canada this year. In this exclusive interview with The Gold Report, she targets several exploration and near-term producing companies with burgeoning results on the horizon. COMPANIES MENTIONED: ARGENTEX MINING CORP. – HUNT MINING CORP. – MARIANA RESOURCES LTD. – MEGA PRECIOUS METALS INC. – NORTH AMERICAN PALLADIUM LTD. – PREMIER GOLD MINES LTD. The Gold Report: The bottom fell out of the junior precious metals sector in late 2011. Why should investors believe that this sector is going to perform better this year? Annie Zhang: In 2011, gold was up by about 10%, while gold equities […]

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Gold price touches 6 weeks high with technically positive outlook

Dollar prices to Buy Gold hit a 6-week high at $1677 per ounce Monday morning, as stocks, commodities and the Euro all pushed higher and US Treasury bond prices fell. “Near term technical have turned more bullish [for gold],” says the latest technical analysis from Scotia Mocatta, though it sees “psychological resistance looming at $1700.” The price of Buying Gold in Euros however fell to €41375 (€1287 per ounce) – down slightly on Friday’s close – as European finance ministers met to discuss Greek debt and a proposal to relax banking rules. The difference between long contracts to Buy Gold and short contracts held by noncommercial Gold Futures and options traders on New York’s Comex exchange – the […]

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The Great Silver Market Myth

| January 22, 2012 | Articles: Insights

Find out what would happen if everyone in the globe would own just a little bit of physical silver ! Credits to David Morgan from Morgan Report (www.silver-investor.com)  

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Gold-Stock Upleg Cycles

Gold-Stock Upleg Cycles

No bull market, no matter how powerful, fundamentally strong, or long-lived, rises in a nice linear fashion.  They all flow and ebb, surging forward two steps in major uplegs before retreating back one step in major corrections.  Visualize a sine wave oscillating within a rising trend.  This seemingly-capricious behavior is actually very beneficial to bulls’ health and longevity, it keeps sentiment (greed and fear) balanced. And unsurprisingly gold stocks, with their extraordinary volatility, are no exception to this ironclad bull-market rule.  Gold stocks’ amazing bull market has advanced in fits and starts.  This technical price action is driven purely by sentiment, the same dynamic that affects every popular market.  And […]

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Silver Breaks Downtrend, Junior Miners Outperforming Majors

On January 3, 2012 I wrote to my readers that silver would begin outperforming gold similar to what we saw in 2010.  On Friday we saw a major gain in silver of close to 5%, breaking the 50 day moving average for the first time since the Operation Twist decline in September.  This was an attempt by the Federal Reserve to manipulate commodity prices lower while artificially inflating U.S. dollars and bonds.  It appears that this temporary fix may be reversing to the benefit of undervalued junior miners of both precious and industrial metals. On January 3rd, 2012 Barron’s wrote an article based on the premium report I sent to […]

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Are copper and gold juniors in for a better run in 2012

Kwong-Mun Achong Low, an analyst with Northern Securities in Canada, thinks that copper and gold juniors are in for a better run this year. He’s ferreted out the juniors with the most promising management and assets that are on a path to production—not to mention rising stock prices. In this exclusive interview with The Gold Report, Achong Low discusses why copper may have a slight edge on gold in 2012 and what companies are the crown jewels of his coverage list. COMPANIES MENTIONED: EXCELSIOR MINING CORP. – GOLDEN PREDATOR CORP. – NEVSUN RESOURCES LTD. – PROBE MINES LTD. – SEAFIELD RESOURCES LTD. – SUNRIDGE GOLD CORP. The Gold Report: Kwong, what are some themes or common […]

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Platinum to gold ratio points to higher platinum prices

Platinum to gold ratio points to higher platinum prices

There are certain dogmas held sacrosanct by precious metals investors and one of them is that platinum is supposed to be more expensive than gold. That’s just the way it is. Quite a few eyebrows lifted and jaws dropped last fall when the yellow metals price overtook that of platinum. The historic switch took place on Sept. 2nd when Comex gold futures settled at $1,875.25 per troy ounce, just above platinum’s closing price of $1,873 per ounce. When you consider the price history of the two precious metals–platinum has traded at a $200 to $400 premium to gold–the reversal was astounding. Just to give you a better idea, before the […]

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Is the copper price telling what to expect from gold’s price

Is the copper price telling what to expect from gold’s price

Copper just “broke out” to its highest level in more than three months… One of the great investment debates of 2012 revolves around the global economy. On one side, you have folks who believe governments in the US, Europe, and China will be able to “goose” their economies with easy credit and low interest rates. This would support stock, bond, and commodity prices. On the other side, you have folks who believe a huge recession is in the cards… no matter what governments do to prevent it. This would send stock, bond, and commodity prices lower. We say consider both sides of the argument and form your own opinion… but […]

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Gold Bullion Up in Dollars, Down in Euros for Week

US Dollar Gold Bullion prices fell to $1646 per ounce Friday lunchtime in London – a 1.4% drop from the week’s high – as China prepared for the week-long Lunar New Year holiday next week. Commodities also traded lower, while stock markets were broadly flat overall. Prices for Silver Bullion dropped to $30.39 per ounce – though still 2.0% up on last week’s close. “As we approach the holiday, the usual Asian physical activity has decreased significantly,” says one Gold Bullion dealer in Hong Kong. “We expect this pattern to continue next week,” adds a dealer here in London, noting that with the Shanghai Gold Exchange closed, a large part of the global physical Gold Bullion market will […]

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North Sudan to introduce new gold and commodity trading platforms

Ever since Christian South Sudan declared its independence in July 2011, the Islamic government of North Sudan has urgently been looking for new sources of income. With South Sudan’s independence, Khartoum – seat of the northern government – has lost almost two thirds of its crude oil revenues. As a result, the North has been encouraging gold exploration and mining activities, in the hope of using this to compensate for the lost oil revenue. Therefore, the Khartoum stock exchange – currently a rather small market – is planning to significantly expand its activities by offering trading in gold and other commodities. Following the end of civil war in Sudan in […]

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Why China has become key to the Gold Price

Why China has become key to the Gold Price

The growth of China’s role in the world gold market has been nothing short of phenomenal over the last dozen years, writes Julian Phillips at GoldForecaster. Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose. In 2001, the Chinese government lifted its final controls on the gold market, releasing a pent-up demand that since then has become stronger. From 2001 to 2010, China’s annual consumption of gold grew at a 7.5% compounded annual growth rate. The chart below […]

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Gold price benefiting from QE speculation

Signs of a decelerating global economy will likely prompt central banks to take drastic new measures in terms of fiscal expansion. This is especially true for China, where GDP growth continues to slow. Market participants also suspect that the US Federal Reserve may be edging closer to announcing more quantitative easing, in an effort to help the economic recovery in America. This speculation has led to gains in the gold price, which climbed as high as $1,667 per troy ounce in trading yesterday – although it lost some of these gains later in the day. Nevertheless, this marked a new five-week price high which could open the way for more […]

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Central banks huge gold buyers in 2011

Gold had a solid day yesterday, closing the Comex pit session above important resistance at $1,650 per ounce. Silver for March delivery also finished above $30 per ounce. At the currency markets the US dollar weakened slightly, with the Dollar Index losing 0.36% to close at 81.18. This helped solidify recent gains in crude oil prices, with WTI crude now back above $101 a barrel. With negotiations still on-going between the Greek government and its private creditors and the situation in Hungary looking increasingly fraught, the World Bank has warned that developing nations should prepare for a slump in economic activity comparable to the 2008/09 downturn. Though the Bank’s chief […]

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