Latest Gold & Silver Price News

Insights from ‘The Richest Man in Babylon’ Applied To Gold Investing

| July 23, 2015 | Category: Investing
Insights from ‘The Richest Man in Babylon’ Applied To Gold Investing

No currency in the world has been backed by precious metals since the U.S. government “closed the gold window” in the 1970’s. But the gold, silver, and copper used and saved thousands of years ago. As insurance against the unforeseen… As a vehicle for creating a storehouse of enduring value…. As a way to pay yourself first.

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Gold & Silver Money Has Devolved Into Debt and Plastic

Gold & Silver Money Has Devolved Into Debt and Plastic

Years ago gold and silver were money. Physical coins were replaced with gold and silver certificates. Those certificates were replaced with “Notes” or debt of the U.S. government issued by the central bank. Those notes have largely been replaced by more ephemeral digital debts in the form of credit card debt, debit accounts, checking accounts, short term debts (T-bills), longer term debt and derivatives of those debts. The intrinsic value of those notes and debt instruments is minimal – they are accepted because they are accepted, UNTIL THEY AREN’T. When that day arrives, we will wish we still used gold and silver as money.

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Is Gold a Stupid Pet Rock or a Bedrock Asset?

| July 20, 2015 | Category: Investing
Is Gold a Stupid Pet Rock or a Bedrock Asset?

This isn’t the first time we’ve seen a major disconnect between futures and bullion. Coin prices spiked relative to spot prices in the months following the 2008 financial crisis and a handful of times since spot prices began correcting in 2011. Time will tell if the current pergence is temporary or something more permanent.

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Gold Price Drops 4.4 Pct In Futures Market Today

Gold Price Drops 4.4 Pct In Futures Market Today

The gold price drop is clearly the result of an ultra-bearish sentiment vis-à-vis gold. Meantime, with the ongoing gold price meltdown, gold is trading at its lowest level in more than five years.

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Gold: Investor Sentiment Ultra-Bearish, Perfect Setup For Contrarian Call

Gold: Investor Sentiment Ultra-Bearish, Perfect Setup For Contrarian Call

The investing problem is that almost every investor is looking away from precious metals at this point. As a matter of fact, it is only a handful investors that are turning their attention to the metals. The ongoing sell off is setting up for an extremely interesting buying opportunity as metals and miners are unrealistically priced. So the number of investors that will benefit from this selloff will be, as usualy, very small.

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Gold – How Much Downside Left In This Secular Bull Trend?

Gold – How Much Downside Left In This Secular Bull Trend?

Let’s take a look at the Gold and Silver charts and see what’s going on. Most of the charts in this letter use Heikin Ashi (HA) candlesticks, a variation of the traditional Japanese candlesticks. The HA candles filter out some of the noise in a price chart and make it easier to focus on trends. In this monthly chart of Gold it is obvious that the current trend is down even without the HA candles.

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Gold an Inch from a Very Key Support

| July 20, 2015 | Category: Price
Gold an Inch from a Very Key Support

Sellers effortlessly demolished the sturdy-looking Hidden Pivot support at 1135.00 that we’d been using as a minimum downside target. This augurs more weakness over the near term, presumably to the 1125.20 target shown. A tradable bounce is very likely, since, as you may recall, it coincides with a very major Hidden Pivot support that comes from the monthly chart. I’ve drum-rolled this target before, since its decisive breach would portend more slippage to a least 917.30, and possibly to 817.50, the number I’ve been using as a worst-case low for the bear market begun in the fall of 2011.

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Weekly Gold Market Review – July 17th

Weekly Gold Market Review – July 17th

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 $1,134.47 dwon $29.93 per ounce (2.51%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 7.50%. The U.S. Trade-Weighted Dollar Index gained 1.91% for the week.

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Gold And Silver – Without Either, You Will Be Greeced.

Gold And Silver – Without Either, You Will Be Greeced.

The price for gold and silver is being artificially and purposefully suppressed by central bankers. The Western world is falling apart at the fiat financial seams, and those in control will resort to whatever means necessary to remain in control, evidenced by the unending proxy wars and Middle East disruptions started by the US. A Third World War cannot be taken out of the equation as the bankers are scrambling for their greedy lives, stealing as much wealth from people as possible.

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Gold, Silver, Equities: Secular Megaphone Patterns

Gold, Silver, Equities:  Secular Megaphone Patterns

Prices for gold, silver, crude oil, other commodities, and equities are exponentially increasing in the long term. Debt and money supply have increased exponentially and have driven prices much higher. Equities benefit for years and then commodity prices benefit for years. Higher gold, silver, and crude oil prices are coming. Lower prices for bonds and equities are coming.

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Why The Texas Gold Depository Is Important

Why The Texas Gold Depository Is Important

Texas Governor Greg Abbott signed HB 483, authorizing a state depository for gold (and other precious metals) and a payments system. This bill kicks two roadway barriers to the curb: a lack of infrastructure for gold payments, and widespread distrust.

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How To Buy Silver Coins and Rounds Which Are in Short Supply

How To Buy Silver Coins and Rounds Which Are in Short Supply

To Capitalize on Low Spot Prices AND Low Premiums, Choose Gold Coins, Bars, and Rounds or Silver Bars

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Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

To Congress and the Administration: Give Bail-UPS and Bail-DOWNS a chance. Clearly bail-outs and bail-ins have been problematic, so let’s progress in a new direction that benefits taxpayers and debtors.

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Gold Price Weaker on Greek Bailout Amid Strong Demand for Physical

Gold Price Weaker on Greek Bailout Amid Strong Demand for Physical

I have mentioned countless times that the world is drowning in debt and the implications of this are obvious. We are either going to experience a debt deflation driven depression or we will experience a complete collapse of the current currency system, and some form of hyperinflation. People have been buying gold and silver to protect their wealth from monetary crisis for thousands of years. It’s the only way to keep your wealth safe when banks close, stock markets crash, and the government won’t let you touch your own money.

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