Latest Gold & Silver Price News

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

The precious metals and the mining stocks remain in a long-term downtrend. We may be seeing the beginning of a new bull phase but caution is warranted. The sector became overbought in recent weeks and we are seeing a pullback. Price will show us where it wants to go next as the current decline plays out and finds support. If you are accumulating on weakness stick with the relative strength leaders.

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Events Impacting Gold And Silver In The Week Of February 9th

| February 9, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 9th

For the week commencing February 9th, there is a very limited number of economic data coming out. No central bank announcements are planned. If gold and silver will be moving, it will not be because of economic or monetary data. As the table below indicates, retail sales will be released in the U.S. on Thursday, while Germany will publish their GDP growth on Friday. The precious metals are vulerable lately. That is, in our opinion, not because of economic data, but because of futures positions in the COMEX market. As we have shown a week ago, commercials have accumulated short positions at an astonishing rate. That is the real reason why gold’s rally is “capped.”

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Why Gold Fell 2.5 pct On Friday

| February 8, 2015 | Category: Price
Why Gold Fell 2.5 pct On Friday

Gold benefits from falling rates and a weaker dollar. It got hurt on both fronts on Friday. The big jump in rates pushed the dollar sharply higher. That combination pushed gold $31 dollars lower (a loss of -2.5%). The first chart shows gold falling back below its 200-day average on rising volume. Gold shares also fell. The second chart shows the Market Vectors Gold Miners ETF GDX losing -5.5% at week’s end which kept it below its 200-day moving average. Gold stocks have been market leaders during the first two months of the year. Higher rates might change that.

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Precious Metals Monthly Bank Participation Report: February 2015

| February 8, 2015 | Category: Trading
Precious Metals Monthly Bank Participation Report: February 2015

As you can tell, with the exception of palladium, the banks of the world—especially the “3 or less” U.S. banks, have been going massively short against all comers since these latest rallies in gold, silver and platinum began at the start of 2015. Along with a couple of Wall Street investment houses, these are “da boyz’—the sellers of last resort.

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Gold Investors Weekly Review – February 6th

Gold Investors Weekly Review – February 6th

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 $1,233.92 down $49.85 per ounce (-3.88%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 3.46%. The U.S. Trade-Weighted Dollar Index was 0.17% lower for the week.

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Forget The News. Charts Suggest Silver Price 12 to 14 And Gold 1,000 to 1,100.

| February 7, 2015 | Category: Price
Forget The News. Charts Suggest Silver Price 12 to 14 And Gold 1,000 to 1,100.

The trend is down irrespective of all the positive news, charts, graphs, and other news writers specializing PMs, especially those so quick to jump the gun and declare a new bull move is underway. The dark horizontal line used to be support but is now resistance. At best, silver is in a bottoming process, and it is yet to be determined if the low has been established for one certainly has not been confirmed.

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Gold Price: Experts Underline Importance Of Decoupling From Dollar

| February 5, 2015 | Category: Price
Gold Price: Experts Underline Importance Of Decoupling From Dollar

Earlier this week, we provided a summary of the key investment insights from 6 top fund and money managers, including Jim Rickards and Ronald Stoeferle, during the recent Incrementum Advisory Board. Part of that discussion was the analysis of the recent action in the gold price. This article highlights the key thoughts in that respect.

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Gold And Silver Intraday Charts Evidence Of Manipulation

| February 5, 2015 | Category: Price
Gold And Silver Intraday Charts Evidence Of Manipulation

The fact that two assets with totally different fundamentals can move in the same rhythm is very odd indeed, at least if one looks at it from a real world perspective. And that is the clue of manipulation: gold and silver prices are largely disconnected from the real world, they are simply the result of speculative trading.

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Gold Cycles: Is It Different This Time?

| February 5, 2015 | Category: Technicals
Gold Cycles: Is It Different This Time?

At some point, it will be “different this time”, and we will see a change in Gold’s character that is reflected in a new bull trend. At that point, recent Investor Cycle history will no longer be relevant. Similar to a satellite in orbit that needs an event to alter its course, Gold will need some catalyst to escape the pull of the bear market. Until then, we can only be guided by history. The last 7 Investor Cycles show that once speculative positions have reached current levels (as seen in the COT report), the Investor Cycle has peaked.

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Is The Mainstream Financial Media Questioning Central Bank Credibility?

Is The Mainstream Financial Media Questioning Central Bank Credibility?

Jim Rickards discusses the observation that the financial mainstream media is increasingly questioning the credibility of central bank monetary policies. “I don’t actually think that the fundamental state of the world has changed. What has changed, it has become more visible. Analysts, investors and mainstream media are starting to wake up to things like currency wars, the save haven nature of gold, etc. I think the reason for that is that until you reach the zero rate bound, you can pretend it it’s a normal rate cutting exercise. Once you hit zero that pretense is gone and the currency war becomes more explicit.”

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Gold On Its Way To $2347 Or $810?

Gold On Its Way To $2347 Or $810?

Two months ago, we explained to readers that it was “make or break time” for gold. Based on the Hidden Pivot Analysis methodology by Rick Ackerman, it would appear that gold should go either to $2347 or $810. Gold should explode to $2347 on the condition that the recent lows will not be breached; on the other hand, if gold breaks decisively below the recent lows, then the price of the yellow metal is heading to $810. Let’s see where gold stands actually. The ongoing price development favors the bullish scenario, but the jury is still out. As long as the November lows will hold, the bulls have the benefit of the doubt.

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16 Investment Insights – Money, Markets, And Metals In 2015

16 Investment Insights – Money, Markets, And Metals In 2015

This is a summary of the key investment insights from 6 top fund or money managers, as well as top traders, including Jim Rickards and Ronald Stoeferle (well known in the precious metals community worldwide), during the quarterly Incrementum Advisory Board.

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Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

| February 3, 2015 | Category: Price
Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

So far this year the price gold has risen against all major currencies, including the US dollar, with the price above 200-day and 50-day moving averages in bullish formation. To date from its lows gold has risen by up to 13% against the USD, 18% against the pound, 30% against the euro, and 32% against the yen. And, the rise against weaker emerging market currencies has been correspondingly greater. The rising gold price is an early warning of future monetary and currency turmoil. And, as the major central banks around the world continue to print enormous amounts of money, an increase in the demand for physical gold can be expected.

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Place Your Bets in April Gold

Place Your Bets in April Gold

The bounce from yesterday’s lows stalled at the 1280.20 midpoint pivot shown, but the rally target at1293.80 remains intact. Now, a fall below 1266.50, the point ‘C’ low of the rally pattern, would negate the target, but if the initial move on Tuesday pushes the futures above the red line for a second time, it would raise the odds of a follow-through to 1293.80 to 50-50. Alternatively, an enticing bottom-fishing bet would gel if the futures were to fall to1262.20, the midpoint Hidden Pivot support of a downtrend begun from A=1298.60.

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