Latest Gold & Silver Price News

Silver: Anomaly In Open Interest

| December 1, 2014 | Category: Trading
Silver: Anomaly In Open Interest

Open interest is roughly 175,000 contracts, which is about 875,000,000 ounces of paper silver. At market price that is about $13 Billion, or only about 15% of what the Fed created each month during QE3. It would take very little digital currency, relatively speaking, to buy all the open interest, or to crush prices via naked sales of paper contracts. Stacks of physical silver are much safer and far more “real.”

Continue Reading

Gold Investors Weekly Review – November 28th

| November 30, 2014 | Category: Investing
Gold Investors Weekly Review – November 28th

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 $1,168.74 down $32.81 per ounce (-2.73%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 6.70%. The U.S. Trade-Weighted Dollar Index slipped 0.05% for the week.

Continue Reading

Anti-Gold Propaganda Prevails In Swiss Vote!

Anti-Gold Propaganda Prevails In Swiss Vote!

This morning the final votes were cast on the Swiss Gold Initiative (most votes were submitted via post). As we speak the final votes are still being counted however we already know: The initiative has been rejected! This article contains several quotes from people who reacted on the results.

Continue Reading

For Elites, All The World’s A Stage, Including China And Russia

For Elites, All The World’s A Stage, Including China And Russia

China and Russia, or maybe only China with Russia relegated to a lesser important role than might be expected, are but players on the elite’s stage, and make no mistake, the moneychangers remain in full control if SDRs are to become the new world currency. The rest of us remain bit players of no consequence on that stage, other than to serve and toil for the elite rent seeking directors behind the scenes.

Continue Reading

To SNB Head Thomas Jordan: Please Stop Politicizing The Gold-Initiative Debate With Propaganda

To SNB Head Thomas Jordan: Please Stop Politicizing The Gold-Initiative Debate With Propaganda

The first one of the QE Central Banks that attempts to exit QE will be flooded with capital inflows with the accompanying strong currency appreciation. Indeed, such currency appreciation will crush the economy via the export sector, whilst it will import price disinflation. This falling inflation will in turn give the central bank the cover to renew again any QE policies. This is the so-called boom and boost inflation-deflation cycle that central bankers create with their bias towards expansionary policies.

Continue Reading

Will The Swiss People Resist The Massive Anti-Gold Propaganda?

Will The Swiss People Resist The Massive Anti-Gold Propaganda?

If one thing became clear, it is that the establishment and government have been very scared. The “anti-gold” camp has been firmly reproaching the “pro-gold” camp that they do not understand the economy because it is too complex. In two days, the world will learn whether the “anti-gold” propaganda has worked or whether the Swiss citizens had been able to figure out there were sufficient benefits for their own future to vote “yes.”

Continue Reading

Fake Money, A “Strong” Dollar, And Gold Investing

| November 26, 2014 | Category: Investing
Fake Money, A “Strong” Dollar, And Gold Investing

The investment rationale for gold is the inverse of that for all paper currencies. Cheering for the rise in the dollar relative to other currencies, as measured by the DXY, is in our opinion seriously misplaced. The rise in the index is more a matter of sinking non-dollar currencies (or, more precisely, systemic subsidence) than an ascending dollar. No paper currency offers protection from monetary transgressions because of national borders: What happens in Europe, Japan, or China does not stay in Europe, Japan, or China. To function well, the global financial system must be seamless.

Continue Reading

Gold Price Went Ballistic To $1,450 In Less Than 20 Minutes

| November 26, 2014 | Category: Price
Gold Price Went Ballistic To $1,450 In Less Than 20 Minutes

A glitch, a game or both? It is unclear what exactly happened, but the price of gold surged from $1,200 to $1,450 in just ten minutes, at least at some charts (not all). It was brought to our attention by Nick from Goldchartsrus. The USAGold.com website, for instance, shows the blip and a return to reality after some 20 minutes. As readers can see, the “glitch” was not erased afterwards. Probably this is just a glitch, but it would be interesting to see if some shorts have really been stopped out. Probably we will never find out!

Continue Reading

Silver’s Bullish Fundamentals Driven By Solar Energy

Silver’s Bullish Fundamentals Driven By Solar Energy

With photovoltaic installations on the rise, silver demand is ready for a major surge. About 80 metric tons of the metal are needed to generate one gigawatt, or 1 million kilowatts, of electricity, enough to power a little over 90 typical American homes annually. In 2016, close to a million and a half metric tons of silver are expected to be needed to meet solar demand in the United States alone.

Continue Reading

Gold Prices Higher Due To New Developments In Financial Markets

| November 25, 2014 | Category: Price
Gold Prices Higher Due To New Developments In Financial Markets

By publishing this statement, the Dutch Central Bank basically admits that holding gold increases the public trust in the central bank as an institution, and that’s a statement which should not and cannot be underestimated as it basically means that only physical gold can be trusted and that the gold should be stored inside the country. ‘He who owns the gold makes the rules’ once again seems to be up-and-coming again.

Continue Reading

The Swiss Referendum On Gold: What’s Missing From The Debate

The Swiss Referendum On Gold: What’s Missing From The Debate

The problem of central bank overreach is certainly not isolated to Switzerland. Since the financial crisis 6 years ago, central banks around the world have interfered in and manipulated bond, foreign exchange, and equity markets on an unprecedented scale. These unelected institutions have actively redistributed wealth from one group to another and compete against one another to adjust the purchasing power of their national currency downwards relative to other nations without the knowledge of their populations. For over 3 years the SNB has been operating opaquely behind the scenes substituting another currency for its own, converted its citizen’s savings into EUR, and imposing a stealth tax on European imports without public consent.

Continue Reading

Rising Gold And US Dollar. Will The Impossible Continue?

Rising Gold And US Dollar. Will The Impossible Continue?

In the last two weeks, we are seeing the impossible–a rise in the gold price and the US dollar. This isn’t as impossible as it seems–we’ve seen this before, from late 2009 to about mid-2010. It was a good time to be invested in gold equities. Notice that during the impossible trend in the past, gold and USDX never rose together for more than two consecutive weeks. The move was seemed to be a series of cycles and countercycles, over which both parameters increased. As I’ve argued previously, rising gold and US dollar is the most economically favourable environment for gold equities–particularly those with production. If the number of dollars you receive per unit of gold increases, and at the same time the value of those dollars increases, your revenue increase will reflect both inputs.

Continue Reading

What COT Analysis Tells About Silver’s Outlook

| November 24, 2014 | Category: Price
What COT Analysis Tells About Silver’s Outlook

The chart over the past 7 years is messy so focus on the lows in silver prices and the lows in the COT net longs as I defined above. Note the few times in the last 7 years when the net longs were less than 30,000. Each instance was followed by a bounce in the silver price, some huge and some short lived. Note also that the lows in silver prices during 2011 and 2012 were lower lows consistent with the lower lows in the net-long COT data. However, the lower lows in silver prices for 2013 – 2014 were unlike the higher lows in the net-long COT data. Important? Possibly, but it does support my view that silver just put in a major low.

Continue Reading

Gold Investors Weekly Review – November 21st

| November 23, 2014 | Category: Investing
Gold Investors Weekly Review – November 21st

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 $1,200.29 up $11.54 per ounce (0.97%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 4.24%. The U.S. Trade-Weighted Dollar Index gained 0.87% for the week.

Continue Reading