Latest Gold & Silver Price News

Gold Price Correlation With Federal Funds Rates Since 1971

| September 5, 2015 | Category: Price
Gold Price Correlation With Federal Funds Rates Since 1971

If the Federal Reserve’s rate-hike cycles were indeed gold’s arch-nemesis, this zero-yielding sterile asset should have been hammered in the great majority of them. Instead gold actually rallied through 6 of the 11 modern Fed-rate-hike cycles! And at average gains seen within these exact rate-hike-cycle spans of a staggering +61.0%, gold did amazingly well. Gold often didn’t just weather rate hikes, but thrived in them!

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Gold Price Technicals Are Weakening

| September 4, 2015 | Category: Price
Gold Price Technicals Are Weakening

Gold’s most recent advance ended last week when price failed to break through the sturdy resistance level around $1170. As a reminder, $1170 is where several technical indicators converged, including a bearish trend line, the 100-day moving average and the 38.2% Fibonacci retracement level of this year’s range. The fact that the rally has stalled at the relatively shallow 38.2% Fibonacci retracement level bodes ill for gold bugs as it suggests the bears are still clearly in the driving seat, which means that the path of least resistance is to the downside.

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Buy Gold, Sell the S&P

| September 4, 2015 | Category: Investing
Buy Gold, Sell the S&P

My estimation is that various forces will nudge the S&P higher and occasionally levitate it, but deflationary forces will overwhelm both markets and central banks, and global stock markets will continue their downward path. Eventually people and investors will realize that “money” is now debt owed by a government, central bank or corporation that may not be solvent. When confidence in the viability of debt based fiat currencies and confidence in the ability to repay debt diminishes, people will flock to gold investments.

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ECB President Draghi Wants More QE, Euro Gold Testing Major Support

| September 3, 2015 | Category: Price
ECB President Draghi Wants More QE, Euro Gold Testing Major Support

Today, the European Central Bank (ECB) published its monetary policy statement, with the central bank leaving its main refinancing rate at 0.05%, its deposit rate at 0.20%. Euro gold is testing its major support at €1000 /oz. This is a make-or-break level for euro gold, with a high importance for gold in other major currencies. If euro gold will stay above €1000, the market would anticipate more monetary easing in Europe, with a positive impact on the price of gold.

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The Next Financial Crisis May Already be Unfolding

| September 3, 2015 | Category: Investing
The Next Financial Crisis May Already be Unfolding

If you have stocks or other financial assets that you are worried could be vulnerable, then hedge your risk. Gold is one of the very best counter-weights to financial assets you can own, because it exhibits low correlation (and often negative correlation) to stocks and bonds. When they tank, gold can surge.

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Gold Price Slightly Down Because Of Fears Of A Rate Hike?

| September 2, 2015 | Category: Price
Gold Price Slightly Down Because Of Fears Of A Rate Hike?

Gold in U.S. dollar closed the trading session 0.5% lower today. Reuters noted today that the gold price was down “as a rebound in stocks and the dollar arrested a four-day rise, with uncertainty over the timing of a looming U.S. rate hike limiting price moves ahead of key U.S. non-farm payrolls data on Friday.”

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Gold’s Long Term Chart Looks Increasingly Bullish

| September 2, 2015 | Category: Price
Gold’s Long Term Chart Looks Increasingly Bullish

The most interesting trend on the longer term gold chart is the deceleration of gold’s decline. Although the trend remains down, with a clear formation of lower lows, the decline is slowing. Also note that the lows have occurred in an orderly manner, not comparable to the aggressive declines of April and June of 2013. This indicates selling pressure is fading and that gold is bottoming.

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3 Gold and Silver Miners Worth Buying

| September 1, 2015 | Category: Stocks
3 Gold and Silver Miners Worth Buying

Whenever the mining shares enter another rally phase I expect silver miners to out-perform the gold miners. My portfolio is overweight the silver miners (AG, SLW, CDE, HL, PAAS, SSRI. MVG) but First Majestic (AG) is one of my favorites.

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Gold, Silver And Crude Oil Are Bottoming

| September 1, 2015 | Category: Price
Gold, Silver And Crude Oil Are Bottoming

I’m not convinced that crude oil prices will drop much from here or remain low for many more months. Regardless of the “reasons” listed at the beginning of this article, I think higher crude oil prices are much more likely than lower prices in six months or less.

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Gold’s Bigger Picture: Rally Off New Lows

| September 1, 2015 | Category: Price
Gold’s Bigger Picture: Rally Off New Lows

Gold Spot price has rallied minimally following the break to a new low, thus far halted at the declining 200-day MA. Interestingly, one might have expected Gold to rally more forcefully in face of major U.S. index declines last week. Resistance remains above at 1,200 and 1,250 but the trends remain down even at these levels and well under the 2005 uptrend. Weekly and monthly momentum models remain negative and flat. The downside target at 1,000, the support from 2008-2009, remains in place.

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Gold – A Bullish Scenario

| August 27, 2015 | Category: Technicals
Gold – A Bullish Scenario

Gold’s punk price action this week has turned me mildly skeptical, but I’ll follow the bullish lead of a chat room denizen who saw encouraging signs on Thursday. He posted as follows: “Just to let you guys know, [something happened that] I haven’t seen in a very, very long time: NUGT is up 16%, many of the miners I follow…are up quite a bit, and Gold is not down. This is a telltale sign that Gold…is ready for a launch.”

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Silver, Safety, Manipulation

Silver, Safety, Manipulation

Does anyone care that silver and gold have been real money and a store of value for 3,000 years, or that all unbacked paper money has eventually been inflated into worthlessness? While the central bankers and politicians distract the populace with Donald Trump stories, they prolong the game … and the wealth transfers.

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Why Bank Holidays Are Announced on Sunday, And How To Protect Against It

| August 27, 2015 | Category: Investing
Why Bank Holidays Are Announced on Sunday, And How To Protect Against It

Gold and silver bullion are free of counterparty risk and provide protection from the ravages of incompetent, untrustworthy financial houses, cynical politicians, and government agencies at all levels. Like the bandit leader in the movie, all they want from you and yours is “Just a little bit more.”

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Gold Prices jump amidst a Global Equity and Commodity Sell-Off

| August 25, 2015 | Category: Price
Gold Prices jump amidst a Global Equity and Commodity Sell-Off

The price of the yellow metal gained more than 4% last week amid a global sell-off of equities and commodities. The upward momentum in gold prices began the previous week when China devalued its currency, the yuan. And, last week the release of the minutes from the Federal Open Market Committee (FOMC) meeting left market watchers unsure about an interest rate rise in the US in September, adding to uncertainty caused by China’s devaluation of the yuan. This in turn, as well as a number of other factors, including falling prices of other commodities, have led investors to turn to gold.

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