Latest Gold & Silver Price News

Bullish Gold Trade Off to a Perfect Start

| May 28, 2015 | Category: Trading
Bullish Gold Trade Off to a Perfect Start

The 1183.40 downside target given here yesterday allowed subscribers to get long four ticks off the intraday low. Since I received reports of actual fills in the chat room, I’m establishing a tracking position: long two contracts with a cost basis of 1180.90.

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Hedge Funds Pile Into Silver, Price Is Going Lower

Hedge Funds Pile Into Silver, Price Is Going Lower

Over the last week traders are wondering why has the price of Silver started to fall so quickly. After all, technical breakout just occurred? The truth is dumb money, in the form of hedge funds, have piled into the precious metals sector… and especially in Silver. The chart below shows hedge fund contracts sitting close to 45,000 net longs. Are we in store for a classic shake out?

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Palladium Holding Up Better than Gold

Palladium Holding Up Better than Gold

Palladium caught my eye on Tuesday because it held up quite well when other metals were getting hit hard. Gold was down around 1.5%, while platinum and silver fell around 2%. Palladium was down just .26% and it is edging higher in early trading on Wednesday.

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Busted Metals Traders Distract from Larger Manipulation Problem

| May 27, 2015 | Category: Trading
Busted Metals Traders Distract from Larger Manipulation Problem

There’s been a HUGE negative price bias when Western markets have been open – particularly during the hours in which the CME has been operating. Since 1975, the bias has remained consistent regardless of the price of gold or price trends. This suggests that the CFTC has allowed tremendous collusion to suppress the price of gold during the CME’s hours of operation. Conversely, precious metals prices soar in Asia when Western markets are closed.

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Debt and the Tinderbox

Debt and the Tinderbox

We know that the Federal Reserve cranked up their digital printing presses and created over $16 Trillion in new currency, swaps, loans, bailouts, gifts, etc. in response to the 2008 financial crisis. If you invested in stocks and bonds, the various QE – “money printing” programs were probably successful for you. Examine the following chart and note the impact of QE on the S&P 500 Index.

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Bullish And Bearish Forces In The Gold Market

Bullish And Bearish Forces In The Gold Market

The price of gold has gone nowhere in the last two years and has created a 2-year basing pattern. That is constructive for gold prices as the stronger the base, the stronger the next trend. But a trendless market also indicates a battle between bullish and bearish forces.

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Asking the Wrong Questions

Asking the Wrong Questions

Garbage in, garbage out! Ask better questions and the answers will be more useful. The same thinking that brought the world to this point will not be helpful in solving the problems that threaten our financial well-being.

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Weekly Gold Market Review – May 22nd

Weekly Gold Market Review – May 22nd

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 $1,206.20 down $17.86 per ounce (-1.46%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 4.21%. The U.S. Trade-Weighted Dollar Index gained 3.09% for the week.

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What You Know for Certain: Huge Demand for Gold And Silver

What You Know for Certain: Huge Demand for Gold And Silver

There is ample record evidence that banks are totally unreliable if it is known that any gold or silver is being held, either by consent for a fee or in a safe deposit box. If you have any PMs in a bank, guess who really owns it? Word is that even allocated gold owned by wealthy clients, in the hundreds of millions of dollars, is missing. Who cares? That is their problem, not yours. The point to be made is we all live in a world where it is a matter of self-survival.

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When Gold Does Beat Paper

When Gold Does Beat Paper

Negative interest rates, cash ban, gold ban, private cash hoarding, cash hoards under Swiss soil – these are all concepts we would have considered figments of a sci-fi writer’s imagination not long ago. Come what may, it will not be easy: neither for the interventionists and control freaks trying to keep a lid on the consequences of their own doings, nor for the people trying to lead a normal economic life without massive restrictions.

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Bikers, Bonds, and Black Swans

Bikers, Bonds, and Black Swans

Death, injuries, prison, and life changing consequences arose from an argument over a parking space. What might occur in an argument over several $Trillion of dodgy sovereign debt or a territorial fight in the Ukraine, Iraq, or Syria? Do you own insurance in the form of gold and silver, which have NO COUNTER-PARTY RISK?

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Silver: A Strong Bullish But Also A Bearish Case

| May 21, 2015 | Category: Price
Silver: A Strong Bullish But Also A Bearish Case

Short-term traders may want to wait for more evidence to help tip the scales. A break above converging resistance in the 17.80-90 zone would be a strong bullish signs and would open the door for a move up to 18.50 next. On the other hand, a breakdown back below the 200-day MA at 17.00 could target the 61.8% Fibonacci retracement of the ABCD pattern at 16.20 or lower.

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Lunch With Elvis

Lunch With Elvis

One FKEU isn’t what it used to be. Perhaps that partially explains why there has been so little media interest regarding Fort Knox gold and why there has been no audit in the past 60+ years. An audit might discover that the gold in Fort Knox is, like the purchasing power of the US dollar, mostly gone. Times change, gold moves to China, India and Russia, debt increases exponentially, a mighty storm is coming, and, I confess, we really did not … enjoy Sasquatch burgers.

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Gold’s Two Fundamental Drivers and the Odds of a Breakout

| May 20, 2015 | Category: Price
Gold’s Two Fundamental Drivers and the Odds of a Breakout

For some reason, gold evokes more intense emotions for traders than any other financial instrument. Depending on who you talk to, gold is either the last real store of value amidst the final throes of the central bank driven fiat currency system…or a soft yellow rock with few industrial uses. Rather than dogmatically holding to either a permanently bullish or bearish outlook on any financial asset, we believe that traders that should keep an open mind and try to objectively analyze the fundamental drivers of gold Like any commodity, the price gold is determined by the interaction of supply and demand. While the supply of gold is relatively predictable in […]

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