Latest Gold & Silver Price News

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.

Continue Reading

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.”

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

Events Impacting Gold And Silver In The Week Of February 2nd

| February 2, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 2nd

For the week commencing February 2nd, there are some economic data to be released which could create some volatility in the markets, although presumably not directly in the precious metals complex. As the table below indicates, employment statistics will be released in the U.S. and Canada this week. The U.K. is planning to announce an interest rate decision which could create some turmoil in currencies, although not directly in gold. The influence of late on gold and silver prices is likely to be driven by volatility in the stock market and currencies.

Continue Reading

Gold’s Sharp Rebound Could Indicate A Throwback

| February 2, 2015 | Category: Price
Gold’s Sharp Rebound Could Indicate A Throwback

GLD fell back last week with a sharp decline on Thursday, but rebounded right away on Friday. This sharp rebound indicates that the decline might be a “throwback” to broken resistance, which turns support. The red lines mark a Raff Regression Channel to define the six day downswing. A follow through move above 124is needed to end this pullback and signal a continuation higher. The second chart shows the Silver ETF (SLV) testing the breakout zone in the 16.5 area.

Continue Reading

Coming Boom, Bust And Bottom In Stocks, Crude Oil, Silver

| February 2, 2015 | Category: Economy
Coming Boom, Bust And Bottom In Stocks, Crude Oil, Silver

Exponentially increasing systems cannot last forever. Our problem is that the global financial system is based on exponentially increasing debt, energy usage, population, and exploitation of natural resources. This appears to work nicely, especially for the financial and political elite, in the early years of the exponential increases. However, we are approaching the inevitable end of the exponential increases – perhaps not in a few months – but our systems probably will not last another decade. In the meantime, the plan seems to be “Party On!”

Continue Reading

Gold Gets Safe Haven Bids But COMEX Has Stopping Power

| February 1, 2015 | Category: Investing
Gold Gets Safe Haven Bids But COMEX Has Stopping Power

An important driver of the recent gold rally has been the flight to safety, away from stocks, into “risk off” assets like the US Dollar, US Bonds and gold. Clearly, gold in non-US Dollars has a much more constructive outlook because of the monstrous US Dollar rally of late. In the short run, the gold chart setup suggests a pause. Longer term, towards the second half of this year, depending on how risk on / risk off will play out, gold could be in the position to break through its long term resistance. Even with all the conclusions confirming each other, there is one major divergence, and it deserves a yellow flag in our opinion: COMEX futures positions. It has the potential to cap the rally, and even reverse it, at least in the short run. Going forward, it is key to monitor how futures positions in the COMEX evolve as the price of gold changes. Also, the key trendlines, chart patterns, and technical indicators should be monitored as prices evolve.

Continue Reading

Gold Investors Weekly Review – January 30th

Gold Investors Weekly Review – January 30th

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 $1,284.49 down $9.61 per ounce (-0.74%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 1.71%. The U.S. Trade-Weighted Dollar Index was up 0.03% for the week.

Continue Reading

Probability for A Lower Low In Gold And Silver Price Has Increased

| January 31, 2015 | Category: Price
Probability for A Lower Low In Gold And Silver Price Has Increased

We have refrained from putting a time frame on when silver and gold will finally
break free from the manipulative forces, but 2015 could be a defining year. It
remains to be seen, but events are unfolding at such an increased level and so
unpredictably that this could be the year. We did not say this in 2013 nor in 2014,
and it may take going into 2016, but be prepared, or you will not be spared.

Continue Reading

Gold: COT Report Flashes Yellow Flag

| January 29, 2015 | Category: Price
Gold: COT Report Flashes Yellow Flag

The change of the commercial shorts relative to the gold price rally of the last couple of weeks has been remarkable. Commercial shorts are at the highest level since February 2013. Their stopping power has become clear in today’s price decline. As we noted earlier today, the price of gold should hold above $1,200 to counterbalance the sell off. If gold were to fall below that level, it would not bode well for the metals in the short and intermediate term.

Continue Reading

Gold Price Pulls Back And Tests 200 Day MA

| January 29, 2015 | Category: Price
Gold Price Pulls Back And Tests 200 Day MA

Today Gold is testing a major horizontal support / resistance line. I am a believer in the 200 DMA acting as support or resistance. The whole April to September 2014 was a battle along the 200 DMA . We’ll find out in the next few days if Gold can get a bounce here. If the $USD was to stop rising that could give GLD the tailwind it might need to break this trend of lower highs.

Continue Reading