Latest Gold & Silver Price News

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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7 Anomalies Between The Gold Price And Physical Market

7 Anomalies Between The Gold Price And Physical Market

These strong signs of demand don’t normally correlate with an asset in a bear market. Do you know of any bear market, in any asset, that’s seen this kind of demand? Neither do I.

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Why Debt, Default, and Taxes Are Destructive In The Long Run

| December 8, 2014 | Category: Economy
Why Debt, Default, and Taxes Are Destructive In The Long Run

The official US National Debt is about $18,000,000,000,000, or 57 times the current market price of the US gold SUPPOSEDLY stored at Fort Knox, the NY Fed, and elsewhere. With so much paper in the system it is easy to see why the Fed publicly denigrates gold. In the single year from Sept. 30, 2013 to Sept. 30, 2014, the US official national debt increased by over three times the value of all the gold that the US supposedly owns. The total debt and the increase in that debt is clearly “a problem.”

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Gold Investors Weekly Review – December 5th

Gold Investors Weekly Review – December 5th

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 $1,192.51 up $25.10 per ounce (+2.15%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 1.90%. The U.S. Trade-Weighted Dollar Index slipped 1.13% for the week.

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First Signs Of Gold And The Dollar Decoupling

| December 6, 2014 | Category: Price
First Signs Of Gold And The Dollar Decoupling

Friday aside, the dollar has not had as much impact on gold’s direction as it did previously, for the dollar index has continued in its upward trajectory this week. Therefore, it will be very interesting to see how the yellow metal will do relative to the dollar’s performance next week. If the greenback continues in its upward trajectory, but gold fails to head in the opposite direction, then one could conclude that the two assets have decoupled for now. So, there is a chance that investors are finally starting to treat gold as an independent asset, not a USD-denominated FX pair.

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Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Most trend bottoms have a certain look about them, and weekly silver does not fit any pattern with which we are familiar. It could be the result of central bank artificial manipulation as opposed to the natural forces of supply and demand. If it turns out to be the bottom, fine, but for now, there is no confirmation either way. What we know for certain is that every bottom undergoes a process of retesting, with none yet apparent.

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U.S. Jobs Report Hits Euro, Bonds And Gold

U.S. Jobs Report Hits Euro, Bonds And Gold

Non-farm payrolls for November surged to 321,000, which was the biggest monthly gain since January 2012. This positive news on the labor market weighed on the 20+ YR T-Bond ETF, the Euro ETF and the Gold SPDR. Bonds were down because this puts more pressure on the Fed to raise rates in the middle of 2015. The Euro was down because US economy is growing much faster than the European economy and demand for Dollars is outpacing demand for Euros. Gold was down because the Dollar was up and there is less demand for a safe haven.

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Spot The Bubble: Gold Price vs Citi Stock

Spot The Bubble: Gold Price vs Citi Stock

Citi analyst Buiter claims gold is a 6000-year-old bubble, perhaps Mr. Buiter has not seen this chart?

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Could Gold Surprise Us All?

| December 4, 2014 | Category: Price
Could Gold Surprise Us All?

Consider the fact that Gold has failed to break down below $1,200 properly on back of very negative news, where Swiss Referendum has voted no to Gold backing. Many great investors, such as Marc Faber, who taught me throughout my career that when an asset fails to break lower on very negative news, it is a sign that a major reversal in trend could be in the cards. Instead of the Gold falling to lower lows, price has recently shown that sellers have potentially exhausted themselves. Could we see a breakout, instead of a group-think breakdown, from the wedge seen in the chart?

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Metals Look Bullish As Evidenced By Gold to Silver Ratio

| December 3, 2014 | Category: Price
Metals Look Bullish As Evidenced By Gold to Silver Ratio

Adding evidence to the bullish case, is the magnitude of how oversold Silver became. On Monday Asian trading hours, Silver was being dumped so quickly that it reached 80 on the ratio between it and Gold in matter of hours. This level isn’t a magic by any means, but has usually been some kind of a historic floor and good buying spot. We have seen major bottoms at this ratio level in 1986, 2001, 2008 and maybe even currently (in early 1990s ratio widen even more).

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New Signs Gold and Silver Are Returning as Monetary Assets

New Signs Gold and Silver Are Returning as Monetary Assets

Granted, it seems unlikely that the U.S. or any major country will return their currency to a classical gold standard anytime soon. But signs abound that precious metals are re-entering the public consciousness – and will be playing a more prominent role in monetary systems as geopolitical tensions rise, debt levels become more unmanageable, and public confidence in political institutions wanes.

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