Latest Gold & Silver Price News

How Low Can Gold & Silver Go? Have Miners Reversed?

How Low Can Gold & Silver Go? Have Miners Reversed?

Gold is moving lower and support along the bottom of the price channel is failing. In the daily chart price remains in its $1084-1100 price range but the big picture suggests that we will see lower prices. The entities pushing the paper price of Gold and Silver lower are going to continue pushing until they can’t make anymore headway with their strategy.

Continue Reading

Weekly Gold Market Review For August 7th

Weekly Gold Market Review For August 7th

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 $1,093.4 down $2.38 per ounce (0.22%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 2.65%. The U.S. Trade-Weighted Dollar Index rose 0.32% for the week.

Continue Reading

Media Stocks Collapse, Gold Holds Its Own

Media Stocks Collapse, Gold Holds Its Own

A recent Bloomberg article points out that the gold rout has cost China and Russia $5.4 billion, an amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days this week. Below are the weekly losses for just a handful of those companies. Compared to many other asset classes, gold has held up well, even after factoring in its price decline.

Continue Reading

China’s Secret Gold Hoarding Strategy

China’s Secret Gold Hoarding Strategy

China may never establish a model sound money system; nor is that its goal. China simply appreciates the universality of gold. And, as the saying goes, “gold goes where it’s most appreciated.” Whether you’re a Communist or a capitalist, whether you speak Mandarin or English, gold remains the one permanent, immutable common denominator. Gold’s value has been recognized universally for hundreds of years and will continue to be recognized universally regardless of whatever market gyrations or economic or political strife the future may bring.

Continue Reading

Silver and Gold: The Triumph of Experience over Hope

Silver and Gold:  The Triumph of Experience over Hope

Rather than face what our experience tells us is real, many of us prefer hope. Perhaps that is because our experiences with debt, promises, fiat currencies, and wars have been disastrous. I submit that experience will triumph over hope, gold and silver will triumph over debt, and clear thinking will triumph over delusions. Experience, not hope! Gold, not debt!

Continue Reading

Desolation Row: the Silver Market

Desolation Row:  the Silver Market

There are numerous reasons to expect that the US stock markets might follow the Chinese markets downward, particularly by the end of the year. A FEW possibilities are: 7 – 8 year cycles, extended valuations, excessive confidence, new wars, Chinese market crash, bond market reversal, interest rate increases, weak internals, Armstrong’s economic confidence cycles, and Shemitah cycles. Silver has been crushed and the S&P has been levitated. Both seem likely to turn soon.

Continue Reading

Gold, Golf, & Silver are Similar

Gold, Golf, & Silver are Similar

Trust that silver prices will be driven, like professional golfers drive a golf ball, much farther and faster than most of us appreciate. Trust that after four plus years of declining prices, silver will eventually reach the target zone of higher prices and recognized value in the next phase of the magnificent games of golf, gold, and silver.

Continue Reading

Silver Investment Demand Is Draining The Vaults Of COMEX

| August 4, 2015 | Category: Investing
Silver Investment Demand Is Draining The Vaults Of COMEX

In Silver COMEX, one or more major players “jumped the queue” and took delivery of about 6.5 million more ounces of silver out of COMEX warehouses than anticipated at the beginning of the month. This drawdown activity was masked completely by what happened to prices. Precious metals bulls are frustrated by the complete detachment between spot prices and physical demand. They’re wondering how that is even possible.

Continue Reading

Gold, Silver, Copper – The Bear Claw Comes Out For another Swipe

| August 4, 2015 | Category: Price
Gold, Silver, Copper – The Bear Claw Comes Out For another Swipe

For Gold, Silver, and Gold stocks, don’t try to catch a falling sword. Price can fall of its own weight s imply from an absence of buyers. For Copper, price has characteristically turned down again to make a new five/year low in an ongoing structural bear market .

Continue Reading

Rational Investors Say Gold Is On Sale

Rational Investors Say Gold Is On Sale

With so much gloom and doom in the media surrounding gold right now, you might wonder why coin sales are soaring at multiyear highs. The reason is pretty simple: Gold is on sale. High net worth individuals and other savvy investors realize that even now, as herds of people are rushing for the exit, owning gold is one of the best ways to manage systemic risk.

Continue Reading

Gold Market Is Reaching Extremes

Gold Market Is Reaching Extremes

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. We are noticing quite some extremes in the gold market. Investors should stay on top of the gold market evolutions.

Continue Reading

Gold And Silver Charts Are The Compelling Story. Fundamentals Do Not Apply.

| August 1, 2015 | Category: Price
Gold And Silver Charts Are The Compelling Story. Fundamentals Do Not Apply.

Volume increased [effort], the highest volume for the week. Price made a slightly higher probe above the last 10 TDs, but note where it closed: mid-range the bar. On increased volume, the mid-range close tells us sellers were aggressive and overcame the effort of buyers sufficient to push price down from the high of the day. In a down trend, the onus is on buyers to effect change. Buyers are not meeting that burden. It is tough to change a trend. Respect it, at all times, until a change has been confirmed.

Continue Reading

Gold Miners And Regulators Deathly Silent after Gold Price Attack

| July 31, 2015 | Category: Investing
Gold Miners And Regulators Deathly Silent after Gold Price Attack

The mining industry is thinking that it should just die quietly and obediently! I think its value is likely to fall to zero, and its executives will have nothing to say for themselves or their companies all the way to zero. The industry is worthless, and it’s worthless not so much because of the attack on the monetary metals by central banks. It’s worthless because its own shareholders and executives are content to die quietly.

Continue Reading

Gold Price Technicals At The End Of July 2015

Gold Price Technicals At The End Of July 2015

While the price of gold is significantly oversold from a technical perspective, and a rebound to correct the recent over-extension to the downside should be due, the possibility of a relief rally will be largely dependent upon shifting speculation with regard to upcoming Fed statements and decisions.

Continue Reading