Latest Gold & Silver Price News

Addicted To Debt, Deficit Spending, and QE

Addicted To Debt, Deficit Spending, and QE

Central banks and governments created this addiction – addicted to debt, deficit spending, and Quantitative Easing. Consider the upcoming pain for most people, governments, markets, and pension plans if the drug is removed and we suffer the withdrawal symptoms.

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Gold Holding Make-or-Break Level at 1180, So Far

| May 28, 2015 | Category: Price
Gold Holding Make-or-Break Level at 1180, So Far

Gold remains broadly rangebound around the 1200 level. Last week, we highlighted the two fundamental drivers of gold and evaluated the odds of a breakout, and while the bearish impact of the strong dollar pushed the yellow metal sharply lower over the last few days, the two-month consolidation zone from 1180 up to 1225 continues to hold. The RSI indicator is testing its corresponding support level at 40, not yet raising any concerns of a imminent breakdown in price itself.

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How Silver Miners Should Help Solve Silver Price Manipulation

How Silver Miners Should Help Solve Silver Price Manipulation

It is only when you compare what just occurred in COMEX silver to other commodities does the extent of the manipulation come through. I’d use the words preposterous and absurd to describe the situation, but the COT report is factual and as real as rain. Instead, what is preposterous and absurd is for anyone to pretend that what is going on in silver is somehow normal. This is particularly true for silver investors and mining companies and their shareholders which are being held hostage to the most defective price discovery process in history.

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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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