Latest Gold & Silver Price News

Probability for A Lower Low In Gold And Silver Price Has Increased

| January 31, 2015 | Category: Price
Probability for A Lower Low In Gold And Silver Price Has Increased

We have refrained from putting a time frame on when silver and gold will finally
break free from the manipulative forces, but 2015 could be a defining year. It
remains to be seen, but events are unfolding at such an increased level and so
unpredictably that this could be the year. We did not say this in 2013 nor in 2014,
and it may take going into 2016, but be prepared, or you will not be spared.

Continue Reading

Gold: COT Report Flashes Yellow Flag

| January 29, 2015 | Category: Price
Gold: COT Report Flashes Yellow Flag

The change of the commercial shorts relative to the gold price rally of the last couple of weeks has been remarkable. Commercial shorts are at the highest level since February 2013. Their stopping power has become clear in today’s price decline. As we noted earlier today, the price of gold should hold above $1,200 to counterbalance the sell off. If gold were to fall below that level, it would not bode well for the metals in the short and intermediate term.

Continue Reading

Gold Price Pulls Back And Tests 200 Day MA

| January 29, 2015 | Category: Price
Gold Price Pulls Back And Tests 200 Day MA

Today Gold is testing a major horizontal support / resistance line. I am a believer in the 200 DMA acting as support or resistance. The whole April to September 2014 was a battle along the 200 DMA . We’ll find out in the next few days if Gold can get a bounce here. If the $USD was to stop rising that could give GLD the tailwind it might need to break this trend of lower highs.

Continue Reading

Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

| January 27, 2015 | Category: Price
Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

The US stock market is showing increasing volatility on lower optimism for good earnings growth. Gold is continuing to gain momentum as the 20 and 50 day moving averages turn positive. A golden crossover of the 50 and 200 day could be only a week or two away. Its been a rough four years for junior mining investors as the Venture hits 2008 and 2002 lows. However, there could be a good chance from both a technical and fundamental standpoint that the correction cycle in precious metals is coming to a conclusion.

Continue Reading

What Is Driving This Gold Rally?

What Is Driving This Gold Rally?

Gold was down 1.72 percent at the end of 2014, but things are looking up for the yellow metal. Last week I returned from presenting at the Vancouver Resource Investment Conference, where sentiment for gold was through the roof. And with good reason. Even though gold was down last year, it still ranked as the second-best-performing currency, following the U.S. dollar. The metal has risen about 10 percent year-to-date, and last Tuesday, for the first time since mid-August, it broke through the $1,300 mark.

Continue Reading

Hiding Economic Misery and Distracting the Masses with Entertainment

| January 27, 2015 | Category: Economy
Hiding Economic Misery and Distracting the Masses with Entertainment

Government employment statistics distort the true human misery of 102 million out of work – 43 million men and 59 million women over age 16 – who cannot provide for themselves or their families without assistance. Among those who have work, a recent government survey found 57% of all Americans have less than $500 in savings, with 62% living paycheck to paycheck. To keep me calm about these modern evils, I’m invited to mingle with a cheering crowd. The tricky part is convincing me my opinion actually matters, just as citizens in Roman coliseums were invited to recommend thumbs up or thumbs down. They have found for me the perfect circus.

Continue Reading

Why Gold Is Set To Move Higher

| January 26, 2015 | Category: Price
Why Gold Is Set To Move Higher

Gold is making a determined come-back in financial markets because it is more real than paper fiat currencies backed only by the faith, credit, and the lies of insolvent central banks and sovereign governments. Gold is approximately $150 higher than its early November low and still long-term UNDERVALUED. Paper promises, paper currencies, and official pronouncements from central banks and governments are looking less real, more vulnerable, and likely to weaken further in 2015 and 2016.

Continue Reading

Events Impacting Gold And Silver In The Week Of January 26th

| January 26, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of January 26th

For the week commencing January 26th, there are some key developments which could create volatility in the precious metals complex. First, the results of the Greek elections are going to impact the Euro, and, consequently, also gold. Next, several economic data will be released, including GDP in the U.S. and CPI in Europe. Most importantly, however, is the U.S. Fed announcement on Wednesday in which some clues about future monetary policy and, in particular, a potential interest hike are expected.

Continue Reading

Debt Crisis Worsens: Syriza Wins Greek Elections, ECB Prints More Money, Gold More Valuable

| January 25, 2015 | Category: Economy
Debt Crisis Worsens: Syriza Wins Greek Elections, ECB Prints More Money, Gold More Valuable

The results of the Greek elections and the ECB’s monetary bazooka are all symptoms of the same underlying problem. Debt is not only destroying the value of a currency, but is also destroying values of a population. Governments have not been “managing” the effects when they acquired the loans, but one way or another they feel the need to “manage” the destructive effects when it becomes payback time. And what is the answer? Simple, creating even more debts and devaluing currencies even further. When one country does this in some sort of hypothecial vaccuum, it could theoretically work. But it does not work at all when all regions worldwide are implementing the same policies, simultaneously. The middle and lower class of society are the ultimate victims.

Continue Reading

Gold Investors Weekly Review – January 23th

Gold Investors Weekly Review – January 23th

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 $1,294.49 up $14.04 per ounce (+1.10%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 1.23%. The U.S. Trade-Weighted Dollar Index rose 2.60% for the week.

Continue Reading

Timing Is The Most Important Element

| January 24, 2015 | Category: Technicals
Timing Is The Most Important Element

Has a bottom been confirmed? Not by our standard of confirmation, although January has made an impact in viewing the lows of November 2014 as a potential bottom. There has been a decided change in market behavior not seen since the decline off the 2011 highs.

Continue Reading

Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

| January 22, 2015 | Category: Price
Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

A truly interesting trend is visible on the following chart. With the Euro being hit hard today, the U.S. Dollar was on the rise, as indicated with the blue line on the chart below. As readers can see, in the last 4 weeks Dollar gold has been rising along with the U.S. Dollar. Historically, both assets have been negatively correlated. If gold can continue climbing higher during a Dollar bull market, it indicates great strength for the metal. In our opinion, it also confirms gold’s safe haven nature, something the market has denied consistently in the last 2.5 years.

Continue Reading

Nobody Understands This Huge Scam In The Silver Market

Nobody Understands This Huge Scam In The Silver Market

The manic in/out movements in COMEX warehouse silver stocks, and the record high silver eagles and silver maple leaf sales in the face of punk retail sales, are the silver stories of the decade, if not this very young 21st century. Why is nobody else talking about this?! This whole thing screams of what some might call a fraud or a scam.

Continue Reading

Gold: Ride the Bucking Bull to $1340 Next?

| January 22, 2015 | Category: Price
Gold: Ride the Bucking Bull to $1340 Next?

From our vantage point, the roadmap for gold is relatively clear: a break and close above the bearish trend line at $1300 should pave the way for another leg up into resistance in the $1340 zone, while a reversal off the current resistance level could take the yellow metal back down toward 200-day MA support near $1250. This could be one of those rare times that the market presents a crystal clear setup, and the only part left to traders is to follow the price action, wherever it leads.

Continue Reading