Latest Gold & Silver Price News

Gold Bulls to the Rescue, and None Too Soon

| April 16, 2015 | Category: Technicals
Gold Bulls to the Rescue, and None Too Soon

Gold has a scary habit of pulling out of its all-too-frequent kamikaze dives just before splattering on the deck, technically speaking. If, for one, yesterday’s selloff had exceeded 1187.20 to the downside, we might have expected it to continue to at least 1175.60. Instead, bulls showed up in a nick of time, turning the futures higher from 1188.30. The result was an impulsive rally on the hourly chart that has kept alive the large, bullish pattern shown. It projects to as high as 1227.50 over the near term.

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Debt Bubble: Twilight Zone Economics

Debt Bubble: Twilight Zone Economics

When debt is rolled over and never repaid, how much is the debt truly worth? Would you lend money to someone who assured you he could only repay the debt by borrowing a larger amount from another person? Clearly not, but this is normal in modern “twilight zone” finance. Gold and silver are real. All paper currencies and fiat debt are less real, less solid, and less reliable. Worse, these are becomes increasingly less real and more unreliable every year as governments devalue their currencies.

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Is Gold Forming A Major Bottom?

| April 15, 2015 | Category: Technicals
Is Gold Forming A Major Bottom?

Before diving into Gold’s technicals and recent trading patterns, I’d like to reiterate that I believe Gold is in the process of completing a wide, bear market bottoming process. I’ve mentioned before my belief that Gold double bottomed in December 2014, and it’s critical context to keep in mind as we examine Gold’s current action.

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Gold Price Reverses Near Key Rectracement Level

| April 15, 2015 | Category: Price
Gold Price Reverses Near Key Rectracement Level

The first chart shows Spot Gold getting a bounce off the 1140 level in mid March and hitting resistance in the 1220 area twice now. I think the long-term trend for gold is down because of the 52-week low in November. Even though the surge to 1300 looked impressive, gold gave it all back with a decline back to the November lows and the current bounce only managed to retrace 50% of the prior decline. At this point, the immediate trend is up, but this is a counter-trend move. A break below support in the 1180 area would signal a resumption of the bigger downtrend and project a move to new lows.

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The Rise Of The Paper Machines

The Rise Of The Paper Machines

The powers-that-be have done a great job levitating Group One markets and suppressing Group Two markets. They have considerable resources, massive quantities of fiat currency, considerable influence over the media and government statistics, and the power of the banking cartel and “printing press” behind them. They possess the motive, means and opportunity, so there should be no surprise at their success levitating Group One markets.

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Government Control of Currency A Good Reason To Hold Physical Gold and Silver

Government Control of Currency A Good Reason To Hold Physical Gold and Silver

The Western U.S. Dollar based monetary system is headed for a disaster. It is inevitable and just a matter of time. Investors who are chasing equities and bonds and who have ignored gold and silver due to the low paper price are losing out on the best buying opportunity of a lifetime.

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BPR April: Precious Metals Suppression In COMEX Market Continues

| April 13, 2015 | Category: Investing
BPR April: Precious Metals Suppression In COMEX Market Continues

As I said last month at this time—along with a couple of Wall Street investment houses, these are “da boyz’—the sellers of last resort—and you can call them what you like. Until they decide, or are instructed to stand back, the prices of all four precious metals are going nowhere—supply and demand fundamentals be damned! As Jim Rickards so correctly put it, the price management scheme is now so obvious, they should be embarrassed about it. But they obviously aren’t.

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Gold And Silver Price: A Quiet Week But Watch Draghi’s Speech

| April 13, 2015 | Category: Price
Gold And Silver Price: A Quiet Week But Watch Draghi’s Speech

For the week commencing April 13th, there are quite some economic data and central bank announcements scheduled, as seen in the table below. Tuesday is a busy day with economic data out of the US and China, but they are not very likely to move metals and markets (unless some of the data would be shocking). On Wednesday, the European Central Bank will announce their interest rate decision during a press conference. It seems impossible that the ECB will hike interest rates; the most likely scenario is a status quo, there is a small probability that they will lower interest rates. However, President Draghi could have some drivers in his speech which could create short term volatility in markets and metals. On Friday, the latest CPI figures will be released both in the US and Europe. There is a small chance that the CPI will be significantly higher or lower than the previous months.

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Gold Getting a Double Boost to its 1238.90 Target

| April 13, 2015 | Category: Trading
Gold Getting a Double Boost to its 1238.90 Target

Two robust, ABC uptrends of different degree are driving this rally, auguring a successful voyage to the1238.90 target we’ve been using to stay abreast of the move. It has been relatively easy to trade, since the swing highs and lows have come more or less where expected, at Hidden Pivot supports and resistances.

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Nothing Of Substance Going On In Precious Metals. Fiat Dollar Controlling?

| April 12, 2015 | Category: Price
Nothing Of Substance Going On In Precious Metals. Fiat Dollar Controlling?

For as long as the fast fading, but still very lethal, US military dominance exists, a renewed bull market in precious metals cannot. It is really that simple. The US, as emperor may not be wearing any clothes, but it still wields the mightiest sword. Sadly, the worst may be yet to come as the US refuses to bow out gracefully to the will of the rest of the world seeking only harmony and growth.

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Weekly Review For Gold Investors – April 10th

Weekly Review For Gold Investors – April 10th

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 $1,208.35 up $5.75 per ounce (0.48%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 2.2%. The U.S. Trade-Weighted Dollar Index gained 1.95% for the week.

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The Gold-ilocks Zone for Bears

| April 9, 2015 | Category: Price
The Gold-ilocks Zone for Bears

After gapping higher over the weekend, the yellow metal briefly edged above 1220 before reversing and trending lower over the past three days. From a technical perspective, the pair is in a short-term bearish channel, and with today’s break below previous support at 1195, more weakness is favored from here. The path of least resistance remains to the downside, and gold bears may start to eye the three-week low around 1180 next.

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Gold, Silver, Yen & S&P Correlation

| April 9, 2015 | Category: Price
Gold, Silver, Yen & S&P Correlation

Over the last 8 years of gold prices rallying and crashing, the statistical correlation has been about 0.74. Since the all-time high in gold prices in August 2011, the yen-gold correlation has been an astonishing 0.96. Similarly, yen and the S&P 500 show an inverse correlation. It is the same story with silver. The correlation between smoothed silver and smoothed yen over 8 years has been about 0.80 and about 0.97 since August 2011. It has almost been a “one-way” trade since then. It is amazing that the yen, gold, silver, and the inverse S&P have been so tightly correlated (over 0.95) for almost four years …

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Gold, Greece, The Death Of Paper Money And The Modern State

| April 9, 2015 | Category: Economy
Gold, Greece, The Death Of Paper Money And The Modern State

For those who understand the tremendous financial and geopolitical forces that today are vying not so much for supremacy as they were previously, but for survival; gold remains as it always has been—a store of value in times of monetary chaos and economic distress. In March 2007, I predicted that an economic crisis would happen. It did. That crisis has yet to run its course to make way for the better world to come. In my Dollars & Sense youtube video, . I make another forecast. These are interesting times. Get used to it.

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