Latest Gold & Silver Price News

Weekly Review For Gold Investors – March 20th

Weekly Review For Gold Investors – March 20th

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 $1,183.16 up $24.61 per ounce (2.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.45%. The U.S. Trade-Weighted Dollar Index lost 2.40% for the week.

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For Once, Gold Actually Holds onto a Gain

| March 20, 2015 | Category: Technicals
For Once, Gold Actually Holds onto a Gain

For once in a rare change, gold futures have actually held onto a gain achieved the previous day. Although they made no upside headway on Thursday, it was something of an achievement for them to have merely stayed aloft. The bullish abc pattern shown has a clear-as-can-be rally target at 1186.70 that has been confirmed by the stall precisely at 1172.70, the ‘p’ midpoint pivot. As always, an easy move through p would imply more upside to D, at least. If bulls are revved up and ready to blast off, they should be able to surpass 1186.70 today without much trouble.

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What’s Wrong With Silver?

| March 19, 2015 | Category: Price
What’s Wrong With Silver?

Note the massive correction in prices, and the deeply oversold condition of the Relative Strength Indicator and the TDI. Prices have been ready to turn up for several months. Prices may not rally this week but they will soon. Stacking silver is good insurance. What could go wrong with our political and financial systems that might assist silver prices? Economic wars and hot military wars increase debt and commodity prices. Gold and silver will see another rally, probably one that surprises almost everyone.

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Gold Is Bucking The Trend Of The Dollar

| March 19, 2015 | Category: Price
Gold Is Bucking The Trend Of The Dollar

If we do see gold break out of its bearish channel next week, the yellow metal may target the Fibonacci retracements of the 2-month drop at 1205 (38.2% or even 1245 (61.8%) moving into Q2, especially if the greenback sees a more meaningful correction. On the other hand, a reversal off the top of the channel may take prices down to test the five-year low at 1130. Time will tell if gold can continue to buck the trend in the buck.

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Falling Dollar Boosts Gold After FOMC Meeting

| March 18, 2015 | Category: Price
Falling Dollar Boosts Gold After FOMC Meeting

Gold benefits from a weaker dollar and lower interest rates. Gold and energy stocks were among the day’s biggest winners.

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Crazy is My Middle Name

| March 18, 2015 | Category: Economy
Crazy is My Middle Name

Absolutely DO NOT buy gold or silver – they pay no interest and are dangerous, unlike unbacked paper loaded with both currency and interest rate risk issued by insolvent governments.”

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Gold Investors Are Anticipating A Rally In Gold Miners

Gold Investors Are Anticipating A Rally In Gold Miners

NUGT, the 3x ETF, is hovering at or below support with a very clear volume signature. The reason I think this might be a chart to pay attention to is where there is this much smoke, there is usually fire. With 200 Million shares on the week, its important to remember one primary cornerstone of Technical Analysis is volume precedes price. A chart that glitters might be worth some attention even if you choose to use another ticker symbol for your trade.

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Currency Wars Spread Worldwide As Turmoil In Forex Markets Intensifies

Currency Wars Spread Worldwide As Turmoil In Forex Markets Intensifies

Last week, global markets were dominated by the currency market as the U.S. dollar continued its unrelenting upward momentum impacting on dollar commodities including gold which ended the week at $1158.60 an ounce. Currently, the low interest rate environment has forced individuals to speculate and invest in equities in an attempt to generate some return for their investment. After all who in their right mind is going to pay a bank to keep their money? And, as the hard working individual continues to be penalised, global major banks are getting away with a list of crimes.

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You Cannot Eat Gold

You Cannot Eat Gold

The argument that one cannot eat, wear, or build with gold is often used as an attempt to show that gold has no value in-and-of itself. The anti-gold crowd often claims that if it were not for gold’s monetary use, which it has not had since 1971, at least not formally, gold would be useless with little or no value. What is left unmentioned is its growing use in a growing electronic device market. If gold has no value beyond its monetary use, why did it not become cheaper than gravel when its monetary use ended? This argument against gold is stupid and is intended to deceive.

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Gold Price Forecast: Is Gold Moving Towards $817.50?

| March 17, 2015 | Category: Price
Gold Price Forecast: Is Gold Moving Towards $817.50?

The key take-away for now is that traders and investors with a short to mid-term investment horizon should carefully watch the 1151.60 USD price level. It truly is a critical price level. In case gold would stay above 1151.60 on a monthly basis, gold can be traded from the long side. However, if there would be a break below 1151.60 on the monthly chart, then the short trade is the right one until target D is reached.

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Price Targets For Gold, Silver And Miners

Price Targets For Gold, Silver And Miners

Gold reached the target at $1150 and closed above that support level last Friday. Unfortunately, the weekly chart is still suggesting that price is heading lower. The three moving averages are in bearish alignment, MACD is in bear mode (both lines below zero), and the MACD histogram is declining below the zero line.

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The Titanic Sinks At Dawn

The Titanic Sinks At Dawn

Lives were lost, paper stock certificates were gone, bonds did not survive, dollar bills were destroyed, but gold and silver endured the sinking of the Titanic over a century ago.

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Weekly Review For Gold Investors – March 13th

Weekly Review For Gold Investors – March 13th

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 $1,158.55 down $8.64 per ounce (-0.74%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.42%. The U.S. Trade-Weighted Dollar Index was up 2.63% for the week.

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When Will Precious Metals Rally? Not In 2015.

| March 14, 2015 | Category: Price
When Will Precious Metals Rally? Not In 2015.

A few charts on the Federal Reserve’s worthless fiat “dollar,” start our chart line up. We keep referencing the “dollar” as worthless because in truth and reality, it is. Any “value” ascribed to the “dollar” comes from everyone’s imagination. It is the ultimate Ponzi best described by “the emperor is wearing no clothes.” It reflects the largest propaganda scam by the elites to get people to accept worthless fiat paper as having “value,” while maintaining that gold and silver have none. Stackers know otherwise, the majority of others do not, judging by their actions.

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