Latest Gold & Silver Price News

Deflation and Central Bank Delusions

| January 12, 2015 | Category: Economy
Deflation and Central Bank Delusions

I expect that central banks will not voluntarily self-destruct by allowing a deflationary depression, that politicians will demand more QE to keep the system afloat, and that central banks will decide that rapidly rising gold and silver prices are a small price to pay in exchange for the continuance of the system that keeps the political and financial elite both wealthy and powerful.

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Events Impacting Gold And Silver Prices In The Week Of January 12th

| January 12, 2015 | Category: Price
Events Impacting Gold And Silver Prices In The Week Of January 12th

For the week commencing January 12th, there are some key economic data releases on the agenda which could cause significant volatility in the gold and silver price. There is no major central bank speech on the agenda. Below is a more detailed calendar of economic data in key markets. There is a possibility of increased volatility on the days of the CPI figures (in the U.S., Europe, and the U.K.), although we do not expect major surprises there. We are clearly in a low inflation environment, which is not likely to change in the short run.

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Big Bullish Gold Bet With Call Options On Friday Jan 9th

Big Bullish Gold Bet With Call Options On Friday Jan 9th

Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust ETF gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited time until March 2015, it’s obvious that the option trade was a bold, directional bet expressing the view that Gold might appreciate up to $130-$135. The amount committed to the trade was $10+ million. If the price of GLD reaches the range $130-$135 before expiration, this pro trader will make between 300% and 600% of his investment or $20-$50 million net profit.

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Gold At Major Trendline, Miners Breaking Out

| January 11, 2015 | Category: Price
Gold At Major Trendline, Miners Breaking Out

This is a huge development in the gold space. Even if you are not a big believer in chart analysis, you simply cannot ignore the long term trend on the gold chart. The first chart below is the weekly gold chart. It shows the red line which provides tremendous resistance since mid-2012, a 2.5 year trendline. Combined with the horizontal support around $1150, there is a long term descending triangle formation.

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Gold Investors Weekly Review – January 9th

Gold Investors Weekly Review – January 9th

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 $1,221.6 up $35.4 per ounce (+2.96%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 0.92%. The U.S. Trade-Weighted Dollar Index rose 0.92% for the week.

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Very Strong Indirect Reasons To Buy Precious Metals

| January 10, 2015 | Category: Investing
Very Strong Indirect Reasons To Buy Precious Metals

When the fiat Federal Reserve “dollar” finally loses its status as the world’s reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price. In this article are a few examples of very strong, not so unrelated reasons for actively buying physical gold and silver.

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Gold Broke Out But Will It Hold?

| January 8, 2015 | Category: Price
Gold Broke Out But Will It Hold?

Gold broke out of its downtrending channel this week. Today’s small pull back has not created any damage yet. However, the price of gold should not correct more in order to confirm is breakout. The GLD daily price chart shows the breakout at 116. Support should hold at 116, a level it touched today at the end of the trading session. The coming days will be important for gold.

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Steen Jakobsen: Things Are About To Take A Different Turn In 2015

| January 7, 2015 | Category: Economy
Steen Jakobsen: Things Are About To Take A Different Turn In 2015

Jakobsen argues that in the current economic environment that what a metals trader needs to focus on is deflation. When deflation bottoms out, which is something likely to happen during Q1 of 2015, it will be the biggest buy signal for metals. Jakobsen’s base scenario is that Q1 and Q2 will become the worst part of the business cycle with the lowest inflation expectation, the lowest growth, the lowest ability to do anything and increasing volatility at the same time. But he believes that as this low energy, as these low interest rates and as the terms of trade for Europe improve, we will see a better second half than we’ll see a first half.

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Forecast 2015: The Year Ahead in the Money Metals

| January 7, 2015 | Category: Investing
Forecast 2015: The Year Ahead in the Money Metals

Despite price weakness in 2014, which inspired a lot of badmouthing of precious metals in the financial media, silver coin demand hit new records. The U.S. Mint sold more than 44 million Silver Eagles, up from 42.7 million the prior year. At one point last fall, the dysfunctional government mint had to suspend orders because it couldn’t keep up with demand.

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Gold Price In Euro Breaks Out, Pierces €1000

| January 6, 2015 | Category: Price
Gold Price In Euro Breaks Out, Pierces €1000

The price of gold is showing encouraging signs. A basing pattern, which has been in the making for a year and a half, seems to be fully intact, contrary to the doomsday prophecies of mainstream media which predicted $800 gold. The Euro gold chart for 2013 and 2014 shows the breakdown of early 2013, followed by a stabilization period. That could be coming to an end as of this week. gold is attempting to break above the long term resistance line.

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How Silver Enhances Healthcare And Optical Effects

How Silver Enhances Healthcare And Optical Effects

In its monthly industry release, The Silver Institute reported once again new applications of silver in products across several industries. The Silver Institute has written extensively how silver has helped breakthrough improvements in product development and industries.

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Money, Gold, Liberty In 2015 And Beyond

Money, Gold, Liberty In 2015 And Beyond

If we review the events of 2014, it seems the situation has intensified: governments are still overwhelmed with debt, our fiat money system is unsupported, our central banks insist on accumulating debt and making money valueless. It doesn’t look all too good. Or does it? Will someone realize we have to pull the plug? And when we do, because it will happen whether we want it or not, how can we support ourselves from the damage that we will all have to endure? I am a strong advocate of physical gold and can’t stress enough the importance of owning physical precious metals stored outside the banking system.

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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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