Latest Gold & Silver Price News

Banks Continue Their Criminal Activities, Make Sure You Own Physical Metals

| November 11, 2014 | Category: Investing
Banks Continue Their Criminal Activities, Make Sure You Own Physical Metals

While it is impossible to function without a bank account, it is imperative for individuals to do whatever it takes to preserve their wealth. If there is a financial collapse coming, your bank and your government are not going to do a darn thing to save you. And, instead they will destroy your wealth and leave you destitute. This is why it is important to hold both physical gold and silver.

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Silver to S&P 500 Ratio Suggests A Silver Price Rebound

| November 10, 2014 | Category: Investing
Silver to S&P 500 Ratio Suggests A Silver Price Rebound

Based on Friday’s upticks, last week may have been the turning point for silver prices and the silver to S&P ratio. Or perhaps the S&P will continue reaching for the sky even though QE is supposedly diminishing, while silver prices drop further below the cost of production. Both seem unlikely but we shall see. What is clear is that silver and gold are currently selling at bargain prices and the S&P is selling at very high prices. If the silver market has finally found a bottom then silver is – right now – an excellent investment, financial insurance, and protection for your purchasing power and savings.

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Events Impacting The Gold And Silver Price In The Week Of November 10th

| November 10, 2014 | Category: Price
Events Impacting The Gold And Silver Price In The Week Of November 10th

For the week commencing November 10th, there are some key economic data coming both from the U.S. and European Union. There is only one formal Central Bank statement expected, i.e. one from Governor Mark Carney in the UK on Wednesday; he will talk about the quarterly inflation report. Mainly the data on Friday have the potential to cause some moves in the markets and metals.

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Gold Price Bounces. Is This A Trend Reversal?

| November 9, 2014 | Category: Price
Gold Price Bounces. Is This A Trend Reversal?

Friday’s bounce was also driven by profit-taking which is part of the reason why we don’t think the rally will be sustained. Even if it does push further higher, it would do really well reach, let alone break, the $1180 level. For as long as it remains below this broken support level, our technical outlook on gold will remain bearish. Meanwhile the 127.2% extension of a separate move, the short-lived rally from the 2013 low comes is at the psychological $1111.1 level. This is our extended bearish target.

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Gold Investors Weekly Review – November 7th

Gold Investors Weekly Review – November 7th

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 $1,177.98 up $4.50 per ounce (0.38%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 5.94%. The U.S. Trade-Weighted Dollar Index climbed 0.73% for the week.

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Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

| November 8, 2014 | Category: Economy
Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

If some of the strongest known fundamental demand for gold and silver has had no effect on price, the question has to be, why not? The simple and only answer is the elite’s protecting its Ponzi fiat scheme, for they can never allow gold and silver to be considered as an alternative to their fiat paper issue. All they can do is what they have been doing for over 100 years, manipulate gold and silver, crushing them as viable alternatives to the “dollar” [more accurately, Federal Reserve Note], and the Euro dollar.

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Ron Paul: Watch Out When People Start To Distrust Our Money

| November 6, 2014 | Category: Economy
Ron Paul: Watch Out When People Start To Distrust Our Money

Ron Paul says in an interview with Global Gold: If people don’t trust us or our money anymore, we will have to tighten our belts. Once the trust is lost, the more money you print, the less the trust is going to be. Right now, they have no other place to go. They could go and beg Europe to print Euros, but they trust the dollar more. As long as they keep doing that, these insane policies will continue. I think that governments need to fold, they need to be blamed for what they are doing. Central banks need to be able to defend hard asset money, gold and silver, because it works. And yet, right now, there’s just a few of us who believe that, but I think the day will come where people will realize the truth. We have been through similar situations before.

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Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

| November 5, 2014 | Category: Stocks
Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

In a complete capitulation, stocks melt down dramatically and some stocks just go ‘no bid.’ That hasn’t happened yet, which means that we may be witnessing a very nasty sell-off, but not complete capitulation.

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Demand For Coins And Bars Exploding While Gold And Silver Prices Pushed Down

Demand For Coins And Bars Exploding While Gold And Silver Prices Pushed Down

Based on these data, except for the Perth Mint in Australia, all other sources are reporting a huge increase in demand for coins and bars across the globe. Retail investors primarily are looking taking advantage of these bargain prices. The price setting in the COMEX futures market has its effect on real world demand. The question is, when will wholesale demand start piling up on precious metals to trigger a supply shortage? That would be fun to observe … but we are unfortunately not there yet … prices should go even lower to trigger such a situation.

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Silver and Powerful Forces

Silver and Powerful Forces

For several years it seems that powerful forces have been aligned against gold and silver. What will happen to prices when some or all of those powerful forces reverse and align in favor of precious metals, for their own protection and profit?

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Is The Swiss Gold Referendum Impacting The Price Of Gold

| November 4, 2014 | Category: Price
Is The Swiss Gold Referendum Impacting The Price Of Gold

Is the Swiss referendum having any influence on the price of gold? From our selection of charts, the dynamics seem to be elsewhere. Gold is still sought as a protection and with the US economy on the road to normalization and the S&P flirting with new highs, the cost of holding it is increasing everyday. Now, Bear markets don’t last forever and this one does recall the one on Gold between end 1974 and late 1976. Our Weekly charts on Gold, although still in a descent, are getting closer to their targets in price and time. As for the referendum, the recent drop in the price of Gold may help the SNB convince voters that holding 20% of its reserves in non-saleable Gold isn’t that good an idea after all.

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The Real Reason Your Stockbroker Hates Gold

The Real Reason Your Stockbroker Hates Gold

Brokers must follow Wall Street’s lead. Precious metals in your possession have no counterparties and no continuing fees and commissions, unlike the thousands of investments brokers sell. Once you own gold, that part of your wealth and your future is out of Wall Street’s hands. While they can recommend and sell plenty of paper gold, brokers can’t sell physical gold. Also, they don’t actually know any more about gold than most Americans, which is very little. So, they rely on Wall Street’s mantra dismissing gold as a murky investment and will do their level best to talk you out of buying even a single ounce.

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What’s Next For Silver?

| November 3, 2014 | Category: Price
What’s Next For Silver?

What do the charts show? Obviously they show silver and gold prices falling, almost relentlessly since 2011. Prices have collapsed, technical indicators are deeply “oversold” on quarterly, monthly, weekly and daily charts. Expect prices to rise when they are finally ready to/allowed to rise. When? Ask the HF Traders. But oversold conditions are usually corrected with rallies. The more “over-sold” the more likely a strong rally will develop. Not inevitable – just likely.

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Is There More Downside In The Price Of Gold?

| November 3, 2014 | Category: Price
Is There More Downside In The Price Of Gold?

If the breakdown from the descending triangle pattern is indeed valid, it would point toward an eventual move down equal to the height of the triangle, or around $250-$300 dollars, over the next couple of years. More immediately though, bears will want to see whether previous support at 1180 becomes resistance this week, as well as if the metal can break below its longer-term Fibonacci retracement level at 1155. Meanwhile, a recovery back above 1180 early this week could point to a more extended bounce, though the longer-term bias would still remain to the downside.

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