Latest Gold & Silver Price News

Gold At Critical Support Level. Will It Hold?

| February 19, 2015 | Category: Price
Gold At Critical Support Level. Will It Hold?

Gold has pulled back to the median line of the red modified-Schiff pitchfork and almost to the lower median line of the blue modified-Schiff pitchfork. In addition to these potential support levels we have the round-number at $1200.

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Gold Showing Bull Market Characteristics But Needs To Confirm Positive Trend Action

Gold Showing Bull Market Characteristics But Needs To Confirm Positive Trend Action

The chart in this article shows that the negative progression is still intact. It would be reversed with a rally above the previous high, say at $126. What is interesting is that recent prices retraced exactly 66% or two thirds of the previous advance. Arguably more important is the fact that volume patterns have turned bullish. Note how the previous declines were associated with selling climaxes. This is pointed up by the percent volume oscillator in the bottom panel.

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Trading Alert – Newmont Mining Looks Eager for a Bullish Sign

| February 19, 2015 | Category: Stocks
Trading Alert – Newmont Mining Looks Eager for a Bullish Sign

Hidden Pivot analysis suggests that the next big rally could push the stock to the 28.62 target shown — an implied 16% gain from current levels. The move would become an odds-on bet if and when the midpoint Hidden Pivot at 25.99 is exceeded by more than 20 cents, but we’ll wait for it to happen before we break out the bubbly.

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Is Russia Preparing To Introduce A Gold Standard?

Is Russia Preparing To Introduce A Gold Standard?

The key motivation behind the accumulation of gold is undoubtedly linked to secure the country from the increasingly inevitable collapse of the global currency system. As Macleod points out, “this ultimately is the importance of gold for Russia, and the fact she has been acquiring it aggressively suggests Putin knows it. Putin is not like a western politician driven from one trivial crisis to another and wholly reliant on a central bank to handle money matters.”

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Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

| February 17, 2015 | Category: Price
Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

The race to the bottom continues unabated in the currency wars. And, no matter where you live, if you are stupid enough to believe the rhetoric being spewed out by politicians then you deserve to suffer the consequences. Unfortunately, you have to have a financial insurance policy that will save you from the actions of the current financial and political elite. While there are lots of great options available, owning physical gold and especially silver should be an essential part of this policy.

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Central Banks Are In Trouble

Central Banks Are In Trouble

Central banks are in trouble. The belief that a committee of academics can manage an economy is wilting as more and more question their role. The trillion euro quantitative easing and absurdly low and falling interest rates smack of desperate times and desperation. The vast injection of make-believe money will act as a great boost to the make-believe economy noted in official statistics. The one-per cent will certainly add to their paper wealth. It will not help the real economy though – the one where businesses employ people to produce goods in the hope of making a profit. Quite the opposite.

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Silver and Gold: Why Now?

| February 16, 2015 | Category: Investing
Silver and Gold:  Why Now?

In simple terms, government took real revenue, spent it, and then added more debt each year. Worse, the US owes compounding interest on the larger debt. Each year the US and many other governments pay interest on the loans (caused by deficit spending) from previous years. The total debt increases rapidly – far too rapidly to be repaid without massive inflation. Hence default via debt repudiation or devaluation of purchasing power is inevitable.

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Ted Butler: A Remarkable Proposition

Ted Butler: A Remarkable Proposition

A remarkable new paper by a Cornell law professor and CFTC staff counsel suggests that many aspects of high frequency computer trading (HFT) may be, in fact, illegal under various provisions of basic commodity law. Heretofore, it was generally assumed that HFT was legal, but disabused and impacted markets in disruptive manner on occasion. Many, like myself, never looked on HFT favorably, but few have tried to make the legal case against it. Scopino looked at HFT not through the universal perspective of something that’s here to stay and that we must get used to; to looking at it through an interpretation that it might violate existing law. His conclusion appears to be that much of HFT is not properly aligned with existing commodity law.

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Events Impacting Gold And Silver In The Week Of February 16th

| February 16, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 16th

For the week commencing February 16th, there are quite some economic data coming out. Three central bank announcements are planned: a press conference of the Bank of Japan, the meeting minutes of the Bank of England as well as the release of the meeting minutes of the U.S. Fed meeting of two weeks ago. Some wild gyrations in markets and metals are possible on Wednesday.

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Weekly Review For Gold Investors – February 13th

| February 15, 2015 | Category: Investing
Weekly Review For Gold Investors – February 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 $1,229.53 down $4.39 per ounce (0.36%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.89%. The U.S. Trade-Weighted Dollar Index was 0.61% lower for the week. By far the most appealing fact of the past week was the long term buy signal that was produced on the monthly charts.

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17 Gold And Silver Charts Forecasting No Rally Is Coming (Yet)

| February 14, 2015 | Category: Price
17 Gold And Silver Charts Forecasting No Rally Is Coming (Yet)

While the 17 charts in this article are not compelling, they do provide a perspective that clearly says gold is unlikely to turn around and change trend regardless of whatever news you may read or some pundit claiming an upside move is imminent, or worse, already underway. The charts do not lie.

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Gold’s Correction Is Fading Fast

Gold’s Correction Is Fading Fast

Short-term, all signs continue to point lower. Although we’ve been using a Hidden Pivot support at1206.10 as a minimum downside objective, the larger-degree pattern shown, with an1199.50 target, suggests the next swoon could do a little more damage. Although it would not destroy the still-corrective look of the selloff from the 1308.80 peak recorded on January 22, it would exceed an external low at 1205.50 to create a fresh, bearish impulse leg of daily-chart degree. The futures could fall to as low as 1168.30 and still be ‘corrective’ relative to the low from which 2015’s promising rally was launched, but at that point the bullish case would be hanging by a thread.

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Gold Price Rises Slightly After 3 Down Days

Gold Price Rises Slightly After 3 Down Days

Gold prices went slightly higher today, after three down sessions. Comex gold rose $1.10, or 0.1%, to settle at $1,220.70 an ounce, after it had fallen almost $22 in the last two trading days. The U.S. dollar fell 0.82%. The U.S. reported retail sales today, and figures showed a 0.8 percent drop while the median forecast of economists surveyed by Bloomberg called for a 0.4 percent decline. On the other hand, strength in U.S. equities did not help the yellow metal rising sharper, as investors were in a clear “risk on” mood today.

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Central Banks Purchase Gold To Diversify From The US Dollar

Central Banks Purchase Gold To Diversify From The US Dollar

The gold market ended 2014 on a strong footing: Q4 demand grew from 6%. The annual total of 3,923.7t was down 4% year-on-year – not surprising as consumer demand in 2014 was never likely to match 2013’s record surge. Year-on-year comparisons for the last few quarters have been coloured by the singular strength in jewellery, bar and coin demand in 2013. Central banks absorbed 477.2t of gold in 2014. Seeking continued diversification away from the US dollar, these institutions – primarily those in the Commonwealth of Independent States (CIS) – continued to bolster their holdings of gold.

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