Latest Gold & Silver Price News

Ron Paul: Look to Switzerland for Path toward Peace

Ron Paul: Look to Switzerland for Path toward Peace

Ron Paul says people seeking to advance peace can learn much from looking to Switzerland. Paul states in an interview that he likes Switzerland’s “very successful national defense,” and adds “there is no reason that we can’t use that as a starting point.”

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Weekly Gold Market Review – July 24th

Weekly Gold Market Review – July 24th

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 $1,099.05 down $35.42 per ounce (3.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 9.72%. The U.S. Trade-Weighted Dollar Index lost 0.60% for the week.

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These 3 Drivers Are Sending Gold Price To Multi Year Lows

These 3 Drivers Are Sending Gold Price To Multi Year Lows

Besides apparent price manipulation, other factors are affecting gold’s behavior right now, three in particular.

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Gold And Silver – The US Dollar Does Not Exist

Gold And Silver – The US Dollar Does Not Exist

Despite another so-called “smash down” of gold and silver, having an awareness of the direction of the trend, as we have been advocating for the past few years, one cannot be surprised by the drop as much as one can be verily surprised by the extent to which the central bankers have had such a relentless stranglehold on gold and silver, and it appears that they have not yet finished playing their manipulated hand.

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A Gold-en Anchor on Prices

A Gold-en Anchor on Prices

Gold is testing a critical support level around 1085. This zone represents the convergence of two Fibonacci extensions (the 127.2% extension of the November-January rally and the 161.8% extension of the March-May upswing), as well as the intraday lows on Monday and Wednesday. As we go to press, gold is peeking below that support zone, but it may be worth waiting for the weekly close before assuming that it’s been conclusively broken, especially given the deeply oversold daily RSI indicator.

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Silver Prices 100 Years

| July 23, 2015 | Category: Price
Silver Prices 100 Years

If (when) we experience a crash in bonds, stocks, or currencies, do you think central banks will do nothing and let them correct naturally, or will they print currencies, like never before, to reflate the bubbles? Yes, they will print and some of those extra dollars, euros, and yen will find their way into the safety of silver and gold, boosting their prices.

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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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