Latest Gold & Silver Price News

Are Gold Bears Starting To Wake From Hibernation?

| April 22, 2015 | Category: Price
Are Gold Bears Starting To Wake From Hibernation?

As we go to press, gold is testing the bottom of its triangle pattern near 1186, but if that level is conclusively broken, a quick move down to 1180 is in play later this week. From a longer-term perspective, a breakdown from the triangle would suggest a measured move objective all the way down to the year-to-date low at 1140. Of course, gold may still manage to bounce from the bottom of its triangle today, but unless we see a bullish breakout above resistance at 1200, the odds favor an awakening for the bears that have been hibernating throughout the first three weeks of April.

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How The Financial World Resets

| April 21, 2015 | Category: Economy
How The Financial World Resets

A reset in the financial system seems inevitable. We survived other resets, such as the depression of the 1930s, WWII, 1971 separation of the dollar from gold, 1970s inflation, year 2000 stock crashes, and the 2008 financial crash. The world will survive the next reset. Excess debt, fiat currencies, and “printing currency” are the center of global economic problems. Those problems will not be resolved with more debt and “printing currency.” If central banks and politicians choose hyperinflation, all bets are off regarding how high gold and silver will climb, and how crazy our Twilight Zone world will become.

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How To Recognize The Long-Awaited Breakout In Precious Metals

| April 21, 2015 | Category: Price
How To Recognize The Long-Awaited Breakout In Precious Metals

The chart provides some answers to that question. In particular, it shows the trendlines in a simple and clear manner, for gold, silver and miners. Based on those trendlines, it seems that none of these assets were able to break out so far. In case we would see a break through the trendlines, ideally in all of those assets together, then we can be quite confident that we finally have a trend change. The chart provides almost exact targets to watch for a structural breakout.

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Gold: 43 Months into a Bear Market, But It Continues to Tease

| April 21, 2015 | Category: Price
Gold: 43 Months into a Bear Market, But It Continues to Tease

Gold, now well into year four of a bear market, continued its familiar pattern on Monday: one step up, two steps back. My long-term correction target remains $810, although I’ll always keep an open mind about trading from the long side, or even initiating a long-term bet, whenever gold is merely creating bullish impulse legs on the hourly chart. For perspective, however, it would take a run-up to 1347, nearly 13% above these levels, to turn the weekly chart unambiguously bullish.

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Rock-Paper-Silver

Rock-Paper-Silver

I expect that prices will rally far higher and substantially exceed $30 and probably $50 by 2016 or 2017. Of course I have no proof, but as the world falls deeper into Twilight Zone craziness, war escalates, debt inevitably increases, and political stability deteriorates, the investment demand for silver will rise as confidence in fiat currencies declines. Much higher silver prices are all but guaranteed within several years.

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Some Bullish Elements On The Gold Mining HUI Chart

Some Bullish Elements On The Gold Mining HUI Chart

The financial crisis in 2008 knocked the wind out of precious metals stocks and HUI returned to the 150 level once again. After testing this long-term support level, price zoomed higher, this time increasing 400% in less than three years. Today we find the HUI back at the 150 level after more than three years of painful declines. There are some really bullish aspects to this chart.

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Gold And Silver Price: Another Quiet Week?

| April 20, 2015 | Category: Price
Gold And Silver Price: Another Quiet Week?

For the week commencing April 20th, there are a limited number of economic data of importance to the metals. There is no central bank announcement scheduled, as seen in the table below. Wednesday or Thursday could shake markets with the home sales data in the US, although we do not expect this to be of great impact to the metals. Germany is planning to release its economic sentiment (Tuesday) and business climate index (Friday) but that should not be of any significance to the metals. The most likely scenario is to see a continuation of the consolidation pattern in gold and silver.

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The Case For Junior Precious Metals Miners

The Case For Junior Precious Metals Miners

Junior gold and silver miners spent more than the seniors on exploration during this timeframe ($14.6 billion compared to $12.5 billion), and their discoveries collectively had a much higher valuation ($12.1 billion compared to $7.9 billion). Accordingly, they were roughly 30% more effective than seniors at generating wealth for investors.

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Weekly Review For Gold Investors – April 17th

Weekly Review For Gold Investors – April 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 $1,204.27 up $9.55 per ounce (0.80%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 4.28%. The U.S. Trade-Weighted Dollar Index lost 1.72% for the week.

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Gold And Silver Are Going Nowhere

| April 18, 2015 | Category: Price
Gold And Silver Are Going Nowhere

There is always news going on everywhere, none of it positive for the United States or for Americans, and none of it positive for the rest of the Western world. There is nothing that we can relate to for the prospects of gold and silver. The charts are in stall status as the following illustrate, but even at that, the reasons for acquiring and holding physical PMs has not changed.

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Twilight Zone Economies

| April 17, 2015 | Category: Economy
Twilight Zone Economies

News from the financial world becomes more bizarre every day. We are slipping over the edge into Twilight Zone Economies. Which do you trust? The Twilight Zone of paper promises, politicians, central bankers, and massive, unbelievable, unpayable debt where some investments “pay” negative interest; or gold and silver?

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Gold Bulls to the Rescue, and None Too Soon

| April 16, 2015 | Category: Technicals
Gold Bulls to the Rescue, and None Too Soon

Gold has a scary habit of pulling out of its all-too-frequent kamikaze dives just before splattering on the deck, technically speaking. If, for one, yesterday’s selloff had exceeded 1187.20 to the downside, we might have expected it to continue to at least 1175.60. Instead, bulls showed up in a nick of time, turning the futures higher from 1188.30. The result was an impulsive rally on the hourly chart that has kept alive the large, bullish pattern shown. It projects to as high as 1227.50 over the near term.

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Debt Bubble: Twilight Zone Economics

Debt Bubble: Twilight Zone Economics

When debt is rolled over and never repaid, how much is the debt truly worth? Would you lend money to someone who assured you he could only repay the debt by borrowing a larger amount from another person? Clearly not, but this is normal in modern “twilight zone” finance. Gold and silver are real. All paper currencies and fiat debt are less real, less solid, and less reliable. Worse, these are becomes increasingly less real and more unreliable every year as governments devalue their currencies.

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Is Gold Forming A Major Bottom?

| April 15, 2015 | Category: Technicals
Is Gold Forming A Major Bottom?

Before diving into Gold’s technicals and recent trading patterns, I’d like to reiterate that I believe Gold is in the process of completing a wide, bear market bottoming process. I’ve mentioned before my belief that Gold double bottomed in December 2014, and it’s critical context to keep in mind as we examine Gold’s current action.

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