Latest Gold & Silver Price News

The Price Of Gold In Case Of A Grexit: 2011 vs 2015

| January 5, 2015 | Category: Price
The Price Of Gold In Case Of A Grexit: 2011 vs 2015

I have no idea how the Greek elections will affect gold, but I do think any signals we need will show up on the price chart. Yes, turn off the TV and turn on the chart. Note that the long-term trend is down because gold hit a new low in early November. This means the bounce from 1140 to 1240 is a counter-trend move and the break below 1180 is bearish until proven otherwise. Gold has yet to continue lower as prices firmed the last two weeks, but I would like to see a break above 1220 to negate this bearish signal and consider a bullish alternative.

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Money And Debt – Do Not Ignore The Reality

Money And Debt – Do Not Ignore The Reality

The insanity of debt, derivatives, and outright bond monetization in the US, Europe and Japan could cause us to question basic truths and the consequences of ignoring reality.

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10 Remarkable Gold And Silver Trends Going Into 2015

| January 4, 2015 | Category: Investing
10 Remarkable Gold And Silver Trends Going Into 2015

The chart setup for gold and silver does not really look like prices are ready to move much higher, at least not in the short run. Excellent chart analysis of gold and silver was provided by Michael Noonan in Gold And Silver Charts Going Into 2015: Expect More Of The Same, courtesy of ChartAnalyst.expert. Although we should not expect fireworks in terms of price, there are some favorable trends “under the hood”. They do not reflect the generally accepted pessimism towards the metals among investors. Our belief is that it will take some time until the price will move back in line with these fundamental trends. Until then, gold or silver owners can rest assured that the gold and silver market is not as bad as some would like to make you believe.

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Gold Investors Weekly Review – January 2nd

Gold Investors Weekly Review – January 2nd

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 $1,187.88 down $8.12 per ounce (-0.68%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 3.72%. The U.S. Trade-Weighted Dollar Index rose 1.20% for the week.

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Gold And Silver Charts Going Into 2015: Expect More Of The Same

| January 3, 2015 | Category: Price
Gold And Silver Charts Going Into 2015: Expect More Of The Same

Given the wealth of stories available, we choose to focus on the most compelling one as told by the charts. Keep in mind, when we say charts, they are a reflection of developing market activity that tells the most accurate and current story. It is not a promising one, as of the end of the year and heading into 2015, but it is reality, and to expect anything else will lead to the same disappointments of 2013 and 2014. Forget the ego-driven predictions that have all proven wrong again and again, and deal with what is.

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Gold And Silver Long Term Trendlines Going Into 2015

| January 2, 2015 | Category: Price
Gold And Silver Long Term Trendlines Going Into 2015

As requested by one of our readers, we provide in this article an update of the long term gold and silver charts. The charts show the recent price breaking out of the major uptrending channel since the start of the secular bull market in 2001. These charts could suggest that the ongoing correction could be “balancing off” the extended rise of 2011. However, there is not too much time left for the price of the metals to reverse its course. If the precious metals do not reverse their trend somewhere in 2015, then the long term trendline has been invalidated. Time will tell.

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Why You Need to Own Gold In 2015 and Beyond

| January 2, 2015 | Category: Investing
Why You Need to Own Gold In 2015 and Beyond

The essential trust in fiat currencies is beginning to fade. People look aghast at the “debt clock” in Times Square now surpassing $18 trillion. Their minds are boggled at the trillions of new dollars created by the Fed via extraordinary maneuvers such as Quantitative Easing. Today, there are real questions about the solvency of the U.S. government, and the value of the scrip issued on its behalf.

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Japan Is Writing History As A Prime Boom And Bust Case

| December 30, 2014 | Category: Economy
Japan Is Writing History As A Prime Boom And Bust Case

Given the data points discussed in this article, it is fair to say that Japan is on track for a devastating bust at some point in the future. The unknown factor is timing. When the inevitable will take place is anyone’s guess. The fate of countries like Japan is really in the hands of central bankers. However, central planners are not able to manipulate markets infinitely. At a certain point, something has to give. That is when the markets will give up and disbelief will replace trust. Readers should remember that in such a bust scenario, people flee down the Golden Pyramid of asset classes to their safe haven, being gold.

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Gold And Silver Get Short Term Oversold Bounce

Gold And Silver Get Short Term Oversold Bounce

The Gold SPDR got a big bounce on the 26th, but remains in a downtrend overall. The upper line of the Raff Regression Channel marks the first resistance area in the 115.2 area. I will leave key resistance in the 116-116.5 area for now. The Silver ETF has resistance in the 15.5-15.7 area.

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Ted Butler: The Perfect Crime In The Silver Market

| December 29, 2014 | Category: Investing
Ted Butler: The Perfect Crime In The Silver Market

A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation. As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out. So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical […]

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Gold Investing – Weekly Review December 26th

| December 27, 2014 | Category: Investing
Gold Investing – Weekly Review December 26th

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 $1,196.00 down $0.35 per ounce (-0.03%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 1.66%. The U.S. Trade-Weighted Dollar Index rose 0.50% for the week.

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Crude Oil Collapse 2014 vs Gold Price Crash 2013: Spot The Difference

| December 27, 2014 | Category: Price
Crude Oil Collapse 2014 vs Gold Price Crash 2013: Spot The Difference

As long as we are talking about the resemblance of oil’s late-2014 price slide to that of gold back in early 2013, it is also appropriate to once again make the comparison of gold’s current price pattern to what we saw before in the SP500. I showed this previously back on June 26, 2013. Since then, gold has roughly followed the pattern laid down by the SP500, although the correlation has been imperfect. My sense is that if the Fed had not started QE to boost stock prices, we would have seen a better correlation. Still, the recent bottoming action in gold prices in 2014 matches the bottoming action of the SP500 in 2010, in the months following the May 2010 Flash Crash.

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Gold 2 pct Higher In All Currencies On China Stimulus

| December 26, 2014 | Category: Price
Gold 2 pct Higher In All Currencies On China Stimulus

Spot gold in all major currencies went 2 percent higher today. In U.S. Dollar, the session high was $1,199.00 an ounce. Trading was thin because of post-Christmas trading; key markets in U.K., Australia, Hong Kong and Singapore were closed on Friday. New York was open. A key driver for gold’s performance today was news that China’s central bank would take more steps to boost lending abilities of their banks by applying looser calculation methods on their loan-to-deposit ratios.

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Sound Money and the Ring of Truth

Sound Money and the Ring of Truth

Americans today have no memory of those times when gold, silver, and copper coins were tossed across a store counter, or counted out by hand, to pay for everything from penny candies to Ford Model-T automobiles. That era began ending when President Roosevelt in 1933 outlawed the use of gold coins in everyday American commerce. The separation of Americans from their Constitutional heritage to true money continued through 1964, with the end of small coinage containing 90% silver. The deception was complete by 1982 when copper quietly disappeared from the Lincoln penny.

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