Latest Gold & Silver Price News

Why You Should Have a Gold and Silver Seat Belt

Why You Should Have a Gold and Silver Seat Belt

Exchanging some of your “paper promises” (currency) for the physical financial reality of gold and silver on a regular basis makes more than just good business sense. It helps make sure that come what may in your financial life, your “financial insurance policy” will be there to help you out, when, not if, the chickens from so many years of unsound government policies come home to roost. Look toward Argentina, Venezuela, Russia and others as harbingers. Even now, the U.S. inflation rate is arguably several percent higher than the “official” figure. You would do well to pay attention and plan accordingly.

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The Circus Is In Town

| February 26, 2015 | Category: Economy
The Circus Is In Town

The US government has consistently increased its expenses from 1980 as shown and since 1913, not shown. SNAP (food stamp) program costs increased erratically and inevitably. This program alone consumes the entire official US gold hoard every four years. Really? Gold prices have increased erratically and exponentially since 1971. Given the exponentially increasing government debt and ongoing military adventures, gold prices will inevitably reflect the declining value of fiat currencies and rally much higher.

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Gold and Debt: Astonishing Comparisons

Gold and Debt:  Astonishing Comparisons

Gold is rare and much too inexpensive compared to the $ trillions of debt created each year. Gold prices will rise or the amount of debt in the world will seriously contract. Bet on rising gold prices.

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Our Freedom Is Endangered

| February 25, 2015 | Category: Economy
Our Freedom Is Endangered

Liberty is a fundamental human right and the cornerstone of our existence. But in our current world, liberty is being attacked from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. Those that value and actively promote the ideals of freedom and liberty are few in such an enclosing environment. In the following article, Claudio Grass, Managing Director at Global Gold Switzerland, ventures into a discussion with one of the vanguards of liberty, former President of the Czech Republic, Prof. Ing. Václav Klaus.

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Mr. Ponzi – Patron Saint!

Mr. Ponzi – Patron Saint!

What should we do to hedge against the massive increase in the number of (Ponzi-like) currency units? Hard assets such as gold, silver, diamonds, land, and real estate may protect you from the devaluation of currency units. Gold and silver are long-term insurance to help protect from Ponzi economics and devaluing currency units.

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Investigation Started On Gold & Silver Manipulation Against 10 Major Banks

| February 23, 2015 | Category: Trading
Investigation Started On Gold & Silver Manipulation Against 10 Major Banks

U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries.

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Gold: The Good, Bad, and Truly Ugly

Gold: The Good, Bad, and Truly Ugly

The global financial system is vulnerable and dangerously fragile. If it were safe and healthy, why would Europe continue to “throw good money after bad” with more bailouts to Greece and other countries? Ask yourself if Italy, Spain, Japan and the US are materially different. A vulnerable and dangerous financial system that is increasingly leveraged is a bubble in search of a pin. Accidents happen! Protect yourself and insure your assets with gold and silver.

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COMEX Gold Analysis – Has Gold Bottomed?

| February 23, 2015 | Category: Trading
COMEX Gold Analysis – Has Gold Bottomed?

Both Ed Steer and Ted Butler consider the COMEX market structure as evidenced by the latest COT report not very good. Ed’s estimate is that we still have about fifty or so dollars to the downside left in gold, and maybe one dollar or bit more in silver. However, he adds to it that if the commercials really want to get aggressive, we are nowhere near a price bottom. That confirms our chart analysis. Gold bulls should be prepared, as there is not enough evidence yet of a final bottom.

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Events Impacting Gold And Silver In The Week Of February 23d

| February 22, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 23d

For the week commencing February 23d, there are quite some economic data coming out. No central bank announcement is planned. Our expectation is that the GDP data in the U.S. on Friday can cause some volatility in COMEX gold and silver, hence influence the gold and silver price. The German and U.K. GDP, German and U.S. inflation index CPI, etc should not result in signficant gold or silver price changes, unless those data would be very shocking.

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Weekly Review For Gold Investors – February 20th

| February 21, 2015 | Category: Investing
Weekly Review For Gold Investors – February 20th

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 $1,202.85 down $26.58 per ounce (2.16%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.58%. The U.S. Trade-Weighted Dollar Index was up 0.41% for the week.

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Banker’s Grip On Gold And Silver Not Over Yet

| February 21, 2015 | Category: Price
Banker’s Grip On Gold And Silver Not Over Yet

There are approximately 156 weekly bars on this chart going back almost 3 years. There are only 5 other weekly closes lower than last week. Clearly, the facts of price behavior give evidence of a weak market. It does not matter what your beliefs may be of the underlying “fundamental facts.” The existing reality of current pricing is all that counts. The difference between the fundamental facts and current price is not in harmony, for whatever reason, but it is how the market, in total, is pricing silver that counts. Always go with existing price as the most accurate measure. Opinions vary. Price is.

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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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