Latest Gold & Silver Price News

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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Gold: The Fourth Long Term Buy Signal In Ten Years

Gold: The Fourth Long Term Buy Signal In Ten Years

Let us go straight to the key message. The long term gold chart is flashing a “buy” signal based on the technical indicator MACD. The chart says it all. Mind that this is a monthly chart, which means it looks at gold from a long term perspective.

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Interactive Infographic: 10 Countries With Highest Gold Reserves

Interactive Infographic: 10 Countries With Highest Gold Reserves

The website of Physicalgold.com released an interactive infographic with some interesting facts and figures about the ten countries which hold the highest gold reserves in the world. Countries hold gold as a precaution to safeguard themselves against inflation, loans, debt and economic disasters. The total gold holding globally was just under 32,000 tonnes in the summer of 2014.

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We Are Close To A Point Where COMEX Price Manipulation Will Become Ineffective

| February 10, 2015 | Category: Investing
We Are Close To A Point Where COMEX Price Manipulation Will Become Ineffective

Judging by the increasing numbers of commentators and observers now including the developments in futures trading on the COMEX as the prime price influence on gold and silver, I am greatly encouraged. I firmly believe that we are much closer than ever to the point where enough see the COMEX price manipulation to render it ineffective. We are not there yet, but that day will come.

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Gold Bear Market About To End In 2015?

| February 10, 2015 | Category: Price
Gold Bear Market About To End In 2015?

It is interesting to compare the ongoing bear market with similar downtrends in the past. The ongoing bear market is close to being the second longest in the last 40 years. The end should be rather close. From that point of view, it is acceptable to believe that 2015 will mark a long term bottom.

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Gold And Silver vs Fiat Money: It’s A Confidence Game

| February 9, 2015 | Category: Investing
Gold And Silver vs Fiat Money: It’s A Confidence Game

Don’t believe the lies or trust that unbacked debt based paper currencies will survive (they never do). Learn from the lessons of history – gold and silver have been money for thousands of years. The western world currently has amnesia about the true nature of money. Asia has not forgotten the value of gold and silver. Convert increasingly risky dollars, euros, yen, bonds, and other delusions into gold and silver while you can. The window of opportunity will not remain open much longer.

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Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

The precious metals and the mining stocks remain in a long-term downtrend. We may be seeing the beginning of a new bull phase but caution is warranted. The sector became overbought in recent weeks and we are seeing a pullback. Price will show us where it wants to go next as the current decline plays out and finds support. If you are accumulating on weakness stick with the relative strength leaders.

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Events Impacting Gold And Silver In The Week Of February 9th

| February 9, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 9th

For the week commencing February 9th, there is a very limited number of economic data coming out. No central bank announcements are planned. If gold and silver will be moving, it will not be because of economic or monetary data. As the table below indicates, retail sales will be released in the U.S. on Thursday, while Germany will publish their GDP growth on Friday. The precious metals are vulerable lately. That is, in our opinion, not because of economic data, but because of futures positions in the COMEX market. As we have shown a week ago, commercials have accumulated short positions at an astonishing rate. That is the real reason why gold’s rally is “capped.”

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Why Gold Fell 2.5 pct On Friday

| February 8, 2015 | Category: Price
Why Gold Fell 2.5 pct On Friday

Gold benefits from falling rates and a weaker dollar. It got hurt on both fronts on Friday. The big jump in rates pushed the dollar sharply higher. That combination pushed gold $31 dollars lower (a loss of -2.5%). The first chart shows gold falling back below its 200-day average on rising volume. Gold shares also fell. The second chart shows the Market Vectors Gold Miners ETF GDX losing -5.5% at week’s end which kept it below its 200-day moving average. Gold stocks have been market leaders during the first two months of the year. Higher rates might change that.

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Precious Metals Monthly Bank Participation Report: February 2015

| February 8, 2015 | Category: Trading
Precious Metals Monthly Bank Participation Report: February 2015

As you can tell, with the exception of palladium, the banks of the world—especially the “3 or less” U.S. banks, have been going massively short against all comers since these latest rallies in gold, silver and platinum began at the start of 2015. Along with a couple of Wall Street investment houses, these are “da boyz’—the sellers of last resort.

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Gold Investors Weekly Review – February 6th

Gold Investors Weekly Review – February 6th

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 $1,233.92 down $49.85 per ounce (-3.88%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 3.46%. The U.S. Trade-Weighted Dollar Index was 0.17% lower for the week.

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