Latest Gold & Silver Price News

US Debt vs Silver Price Disconnect Has To Be Resolved

| April 6, 2015 | Category: Price
US Debt vs Silver Price Disconnect Has To Be Resolved

Keep It Simple – Stack! Governments borrow and spend, debt increases, and commodity prices inevitably follow. Silver and gold have been money for thousands of years, and still are. Paper substitutes have all failed, either slowly or rapidly, and they will continue to fail, unless governments and central banks responsibly manage the value of currencies (NOT likely).

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Why Stupidity Is The Most Widely Used Currency In Western World

Why Stupidity Is The Most Widely Used Currency In Western World

How do governments get away with what they do? Stupidity of the unquestioning and compliant masses. Each government that decided to give up their independent sovereignty in favor of a faux form of governing by a bunch of unelected [by the people], bought and paid for bureaucrats, is proof that stupidity goes well beyond US borders.

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Gold And Silver Price: Expect Volatility On Wednesday April 9th

Gold And Silver Price: Expect Volatility On Wednesday April 9th

For the week commencing April 6th, there are almost no economic data scheduled to be announced, as seen in the table below. On Wednesday, however, there are some central bank announcements on the agenda. The Japanese central bank is planned to give a press conference, and the FOMC minutes of the meeting on February 25th and 26h will be published. That is a recipe for potential volatility in almost all markets. We expect Wednesday to be potenially very volatile.

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Why The Gold And Resources Market Could Be Bottoming

Why The Gold And Resources Market Could Be Bottoming

I was very encouraged because gold had broken below its December 2013 low, and it seemed that every pundit and blogger in the world was saying that there was nothing to stop the fall short of $1,000, or even $700. It was widely believed that breaching the prior low was the trigger that would take it much lower—but that’s not what happened. Instead, the new low was a buying signal to Russians, Chinese, Indians, and others, and gold shot right back up again.

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Market Cycles: Trouble Ahead In The Stock Market

Market Cycles: Trouble Ahead In The Stock Market

Given that the S&P has rallied since early 2009, experienced only a minor correction in 2011, is currently at a cyclic peak, clearly over-bought on a monthly and weekly basis, and has been artificially sustained by central bank easy money, is it likely that the next MAJOR move is up or down? My bet is down.

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We Nailed Gold’s High Within a Dime, but What Now?

We Nailed Gold’s High Within a Dime, but What Now?

Yesterday’s strong rally, amounting to $26 from low to high, topped within a single tick of the 1208.60 target I’d provided. This validates the pattern itself (see inset), with the implication that any upthrust exceeding the high would be a good bet to reach 1238.90 precisely.

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Gold’s Bull Markets In Europe and Japan Remain Unnoticed

| April 1, 2015 | Category: Price
Gold’s Bull Markets In Europe and Japan Remain Unnoticed

Admittedly, this is one of the worst corrections in the last decades (since gold started trading freely), and there is almost no sign of life in gold and silver since the price crash in April and June of 2013. But under the hood we can observe another picture. Case in point: the price of gold in several other major currencies is showing very bullish setups.

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Silver Projection From Crude Oil & T-Bonds

Silver Projection From Crude Oil & T-Bonds

T-bonds made a 3 sigma move higher in March based on the monthly data through Friday March 27. The crude to T-bonds ratio hit an 11 year low. Lows for the last 20 years in that ratio have marked important lows in crude oil and also important lows in silver since 2000. Maybe this time will be different, but I doubt it. Expect crude oil and silver to rally substantially in 2015 – 2016.

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Alert: 3 Sigma Extremes in the Bond Market

Alert: 3 Sigma Extremes in the Bond Market

The March 2015 change in T-Bond prices was a (huge) 3.6 standard deviation move – slightly more rare than a golfing “hole-in-one” and slightly more likely than a “perfect” game in professional baseball. The last 3+ standard deviation move in monthly T-Bond prices occurred in November 2008, during the 2008 stock market crash. Caution is warranted. The global financial system is increasingly leveraged, risky, and appears to be a bubble approaching a “Middle-East or European pin.”

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Room for Just a Little More Weakness in June Gold

| March 31, 2015 | Category: Technicals
Room for Just a Little More Weakness in June Gold

June Gold’s chart leaves a little more room for corrective weakness than did the March futures’ chart. Specifically, the selloff of the last three days has yet to breach the 1180.70 Hidden Pivot support of the patterns shown. If that were to occur, we would have to infer that more downside to at least 1173.30 awaits. That target is calculated by simply sliding up to the commanding high at 1220.40 as a point ‘A’ for the downtrending pattern.

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Asia Will Have More Impact on Financial Markets Than U.S. Fed Rhetoric

| March 31, 2015 | Category: Economy
Asia Will Have More Impact on Financial Markets Than U.S. Fed Rhetoric

Right now, global financial markets are reacting to what the Federal Reserve may or may not do. At the last FOMC meeting, Yellen decided to drop the word “patience” from its forward guidance. As far as I am concerned, the word patience is irrelevant and it makes no sense whatsoever, why this one word from the Fed should have such an impact on global financial markets. But, this is the madness of today that has pervaded these markets. Basing critical investment decisions on garbage rhetoric, lies and deception rather than real, truthful and important fundamental information have become the norm. To me, it is unbelievable that people have attempted to predict the action of the most powerful bank in the world by deciphering the meaning of one word when the fundamentals are so very clear?

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Gold Price Taking A Well Deserved Rest

| March 30, 2015 | Category: Price
Gold Price Taking A Well Deserved Rest

The recent rally is respectable because Gold pushed through several significant resistance areas in the process. The is break through $1181 to $1188, then the round-number at $1200 along with the 50 day exponential moving average which is also at $1200. After the recent 70 run Gold deserves a break to consolidate its gains and gather energy for the next push higher.

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Precious Metals: Contratrend Rallies And Technical Price Levels

Precious Metals: Contratrend Rallies And Technical Price Levels

Gold Spot price slipped to test the prior low at 1,143, below the 2005 uptrend and MAs, holding flat. The recent low may carry a potential positive divergence in the weekly momentum with a higher low on the recent test versus the late 2014 price low, but the current weekly reading is negative and would need to turn positive. One can note a similar positive divergence on the 2013 test of price support with a higher momentum low, followed by a minimal rally.

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Gold: Key Price Points To Watch On Monday

| March 30, 2015 | Category: Technicals
Gold: Key Price Points To Watch On Monday

Friday’s dirge was dispiriting, but we can take a patient view nonetheless because the weakness merely touched the 1191.60 downside target I’d broached here without demolishing it. The decline left us with the prospect of a marginally lower low on Monday at 1186.90, calculated by shifting the b and c coordinates down a peg (to B2/C2). You could bottom-fish there with a stop-loss as tight as four ticks. Alternatively, the futures would need to close above 1208.40, the midpoint pivot of the large ABC pattern shown, to suggest bulls are about to roll.

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