Latest Gold & Silver Price News

Gold Will Either Go To $2347 Or $810

Gold Will Either Go To $2347 Or $810

Is it make or break time for gold. Based on the Hidden Pivot Analysis Method by Rick Ackerman, gold will either explode to $2347 on the condition that the recent lows will not be breached. If gold breaks decisively below the recent lows, then the price of the yellow metal is heading to $810.

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Events Impacting Gold And Silver Prices In The Week Of December 15th

| December 15, 2014 | Category: Price
Events Impacting Gold And Silver Prices In The Week Of December 15th

For the week commencing December 15th, there are some key economic releases that could cause significant volatility in the gold and silver price, as well as two major central bank speeches. Below is a more detailed calendar of economic data in key markets. We expect increased volatility on Wednesday, with CPI figures being released in the U.S. and Europe, as well as a speech of the U.S. Fed. As we are in the two last tax loss selling weeks in the U.S. and Canada, gold and silver are vulnerable. If the prices of the metals would hold up, it would be a very healthy sign; a replay of last year could be in the cards.

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All Debts Will Eventually Be Extinguished

| December 15, 2014 | Category: Economy
All Debts Will Eventually Be Extinguished

Under today’s paper monetary system, debts and other financial obligations are never extinguished. They are merely passed from one person to another and eventually become an obligation of the government or its central bank. In the U.S. all debts become obligations of the U.S. government as federal reserve notes are by law obligations of the U.S. government. Since the Bank of England is a department of the British government, its bank notes are obligations of the British government. Nevertheless, these debts will eventually be extinguished.

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17 Reasons Why I Trust Silver

| December 15, 2014 | Category: Investing
17 Reasons Why I Trust Silver

Based on war and inflation expectations, the long term dollar prospects, central banking and money printing policies, I expect silver to go much higher from here.

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Gold Investors Weekly Review – December 12th

| December 13, 2014 | Category: Investing
Gold Investors Weekly Review – December 12th

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 $1,222.50 up $29.99 per ounce (+2.51%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 0.89%. The U.S. Trade-Weighted Dollar Index slipped 1.09% for the week.

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Gold Price Chart Shows Potential Of A Triple Bottom

| December 13, 2014 | Category: Price
Gold Price Chart Shows Potential Of A Triple Bottom

This is a short article with some observations on the daily and weekly gold charts. After dropping below important support, gold rallied back above it. Gold has also recently broken above a declining tops line. The weekly chart shows the bear trap and suggests the bullish dynamics of a triple bottom.

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Wall Street, aka United States, Pulls Off Another Destructive Coup

| December 13, 2014 | Category: Investing
Wall Street, aka United States, Pulls Off Another Destructive Coup

US banks are telling depositors that they will be assessed a fee for keeping deposits in banks. The banking system as it was initially set up in this country no longer exists. It used to be said of gold by bankers [and still is], that it does not pay any interest. Well, with certain banks, that now holds true for “cash.” how does this relate to silver and gold? Neither have any counter-party risk. An ounce of gold or silver will always be the same ounce.

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Technical View On Gold’s Recent Breakout

Technical View On Gold’s Recent Breakout

It is unclear how long this rally in gold will last, but our indicators are confirming positive momentum. The Trend Model will not move from its intermediate- and long-term SELL signals until the 20-EMA has a positive crossover the 50-EMA. That would generate an intermediate-term Trend Model BUY signal. The long-term Trend Model will not change from a SELL signal until the 50-EMA crosses above the 200-EMA. That will require an extended gold rally in order to get those long-term EMAs to cross over.

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Silver Demand for Industrial Applications Forecasted at 680 Million Ounces in 2018

Silver Demand for Industrial Applications Forecasted at 680 Million Ounces in 2018

Total silver industrial demand is forecast to grow 27 percent, adding an additional 142 million ounces of silver demand through 2018 compared with 2013 levels, according to a new report issued today by the Silver Institute. Half of this growth will be accounted for by the electrical and electronics sector, but additional demand will be due to growth in other industrial applications, as highlighted in the report entitled, “Glistening Particles of Industrial Silver.”

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Wedge Breakout In Gold

Wedge Breakout In Gold

The long-term trend remains down for the Gold SPDR (GLD), but the ETF got a wedge breakout over the last two days and surged to the upper trend line of a rising channel. I would not call this resistance, but it does represent a sort of short-term overbought area. The wedge low marks key support at 114. The indicator window shows the Silver ETF (SLV) also getting a breakout with the surge above 16.

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Expect Higher Gold Prices In 2015

| December 9, 2014 | Category: Price
Expect Higher Gold Prices In 2015

The dollar’s strength is helping to push commodity prices down, as many commodities are priced in dollars, including gold and oil, which in turn doesn’t help the efforts of the European Central Bank and the Bank of Japan to boost inflation in their countries. As more people become aware of what is really going on, they will accumulate physical gold and silver, and the prices will have to adjust to the real fundamentals and will no longer be determined by a handful of speculators. So, I expect to see prices trend higher in the New Year.

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Precious Metals Monthly Bank Participation Report: December 2014

Precious Metals Monthly Bank Participation Report: December 2014

Although JPMorgan, HSBC USA and Citigroup are the key U.S. bullion banks that are active in the COMEX futures market in the precious metals, it’s becoming more and more obvious that Scotiabank’s monster short positions in both gold and silver—but particularly silver—may put the bank in jeopardy at some point. That is, of course, unless they’ve got themselves covered in other markets like JPMorgan appears to have done in silver.

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Events Impacting Gold And Silver Prices In The Week Of December 8th

| December 8, 2014 | Category: Price
Events Impacting Gold And Silver Prices In The Week Of December 8th

For the week commencing December 8th, there are no economic releases that should cause significant volatility in the gold and silver price, nor are there key central bank announcements. Below is a more detailed calendar of economic data in key markets. This is the week where gold and silver could show their strength, or, inversely, become the victim of the tax loss selling in the U.S. and Canada. If the prices of the metals would hold up, it would be a very healthy sign; a replay of last year could be in the cards.

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Precious Metals Buyers Should Be Wary of Long Delivery Delays

Precious Metals Buyers Should Be Wary of Long Delivery Delays

Money Metals Exchange has quoted shipping delays on certain products of up to 1-2 weeks in very rare situations over the past 5 years. We can think of no legitimate reason for delays of one or two months or longer when it comes to the popular and widely traded bullion coins, rounds, and bars. In our view, any company that forces its customers to wait that long is either poorly managed or dangerously undercapitalized (or both).

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