Latest Gold & Silver Price News

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

The Case for an Explosive Surprise in The Price Of Gold

| July 31, 2015 | Category: Price
The Case for an Explosive Surprise in The Price Of Gold

I’ve been bearish on gold for so long that my successively lower targets have become almost perfunctory. Lately, I’ve focused on a ‘Hidden Pivot’ target at $817, the attainment of which would presumably wash out the last of the die-hard bulls, clearing the way for a resumption of the long-term bull market. Now, however, I am obliged to consider an alternative possibility — i.e., an explosive move without the washout. Although I lack the imagination to envision such world-shaking news as might cause this to happen, I credit a relatively recent Rick’s Picks subscriber, Michael Gibbons, with jarring me awake.

Continue Reading

Gold Price Target

| July 30, 2015 | Category: Price
Gold Price Target

The bearish target at 1059.70 (see chart) seems clear and compelling to me — so much so as to beg the question of why the futures have been thrashing around for the last two weeks just above it. Is this a bullish consolidation? A bearish distribution? Regardless, it is happening in an odd place relative to some clear Hidden Pivot support and resistance levels

Continue Reading

Ted Butler: Price Takers and Price Makers

| July 30, 2015 | Category: Price
Ted Butler: Price Takers and Price Makers

No one speculative trader would be allowed to buy or sell 10%, 20% or 40% of any commodity market in a short period of time and neither should a small group of traders, trading in lockstep, be allowed to do the same. Remember we’re talking about a very small number of managed money traders, close to 30 or 50 traders in most markets. Why should 30 or 50 purely speculative CME traders be allowed to set the price for the millions and even billions of world participants who must then take the prices dictated to them?

Continue Reading

Deutsche Bank’s Gold Price Outlook: A Contrarian Indicator?

Deutsche Bank’s Gold Price Outlook: A Contrarian Indicator?

Could it be that these convincing forecasts are a contrarian indicator? Let’s face it, the “consensus trade” is that gold will and must go lower. When everyone is convinced about an asset moving in one direction, usually the opposite happens.

Continue Reading

Gold Prices Hold Steady after Last Weeks’s Bear Raid

| July 29, 2015 | Category: Price
Gold Prices Hold Steady after Last Weeks’s Bear Raid

While, I think the current negative sentiment towards gold is unjustified, and set to continue, as far as I am concerned, the investment case for gold remains intact. The long-term investment case for gold is not based on short-term price movements. I believe every investor should own some physical gold and have it stored out of the banking system. And, if you have not yet included gold in your portfolio this is probably a great time to buy. It may go down lower, but you will almost never find the bottom.

Continue Reading

Gold: Use the Cockroach Strategy

Gold:  Use the Cockroach Strategy

Gold: the monetary metal that central bankers, politicians, and Too-Big-To-Fail bankers publicly hate. The Cockroach Strategy: A cynical but depressingly accurate view of politics that can assist your investment decisions.

Continue Reading

Inflation Deniers Emboldened by Gold’s Struggles

| July 28, 2015 | Category: Economy
Inflation Deniers Emboldened by Gold’s Struggles

The inflation camp shares the conviction with deflationists that there is too much debt in the system. But they differ on the outcome. Harry Dent and those in his deflation camp figure that central banks and governments will ultimately be powerless to stop default. They think the purchasing power of the dollar will rise against everything else, including gold. We expect default to occur primarily through inflation, with debts stealthily repudiated through repayment in less valuable dollars.

Continue Reading