Latest Gold & Silver Price News

Markets Gone Wild And Turmoil in Europe But Silver Demand Strong

| January 14, 2015 | Category: Economy
Markets Gone Wild And Turmoil in Europe But Silver Demand Strong

The dollar rallied from .85 to .92 today (January 14th) as the 10 year bond yield went from 2.62% in September to 1.83% today. Gold is recovering from its early November lows at $1,140 as it almost touched $1,250 this week. Andrew Hoffman comments on ongoing market activity in his latest video blog and the meaning of the extreme readings in crude oil, bond yields, the dollar and equities. He also looks at Europe and the industrial vs investment demand in silver.

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Infographic: Watch Out When Buying Morgan Dollar Silver Coins

| January 14, 2015 | Category: Investing
Infographic: Watch Out When Buying Morgan Dollar Silver Coins

As this infographic explains, shady marketers use deception and misinformation to unload Morgan Silver Dollars at prices WAY above their actual melt value or their resale value. It’s extremely important that novice precious metals investors see this information BEFORE they get taken for a ride

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Gold Attracting Safe Haven Buying

Gold Attracting Safe Haven Buying

February Gold has reached the highest price levels since early October, leaving the 100 day moving average further behind. More talk that the sharp decline of oil hits severe global slowing have brought safe havens center stage. Metals are gaining despite strength in the Dollar and modest gains in equities in the last days. Seasonal buying has supported gold, as well as increased interest in mining shares over the last days and precious metals ETFs.

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Seasonality Is Supporting Gold In The Weeks Ahead

Seasonality Is Supporting Gold In The Weeks Ahead

The chart shows the seasonal pattern for gold. Notice that gold gained an average of 2.1% in January and is up 55% of the time. February was also a positive month, but March has been a very negative month for bullion.

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Gold Breaks Above Its 6 Month Downtrend Line

Gold Breaks Above Its 6 Month Downtrend Line

The Gold Tracking ETF GLD finally broke above a downtrend line today. The chart shows that gold broke above the 6 month downtrend line. However, it is still trying to break above the red trend line which would mark a breakout above a basing area for GLD.

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Evidence of Alarming Government Manipulation In The Gold Market

Evidence of Alarming Government Manipulation In The Gold Market

We’ve seen unprecedented US government and Federal Reserve intervention in virtually all asset markets in the past decade, and all of them are pretty much out in the open…whether it be buying bonds, buying stocks, bailing out industries, and so forth. The US government even buys oil in the open market to fill the Strategic Petroleum Reserve, something we could see happening again soon given the dramatic fall in oil prices recently and the negative impact on domestic producers. But while these other interventions are freely disclosed to the public, no one in government seems willing to admit to interventions in the gold and silver markets. Why the secrecy, and why don’t the “powers that be” want to see a free gold market?

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Deflation and Central Bank Delusions

| January 12, 2015 | Category: Economy
Deflation and Central Bank Delusions

I expect that central banks will not voluntarily self-destruct by allowing a deflationary depression, that politicians will demand more QE to keep the system afloat, and that central banks will decide that rapidly rising gold and silver prices are a small price to pay in exchange for the continuance of the system that keeps the political and financial elite both wealthy and powerful.

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Events Impacting Gold And Silver Prices In The Week Of January 12th

| January 12, 2015 | Category: Price
Events Impacting Gold And Silver Prices In The Week Of January 12th

For the week commencing January 12th, there are some key economic data releases on the agenda which could cause significant volatility in the gold and silver price. There is no major central bank speech on the agenda. Below is a more detailed calendar of economic data in key markets. There is a possibility of increased volatility on the days of the CPI figures (in the U.S., Europe, and the U.K.), although we do not expect major surprises there. We are clearly in a low inflation environment, which is not likely to change in the short run.

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Big Bullish Gold Bet With Call Options On Friday Jan 9th

Big Bullish Gold Bet With Call Options On Friday Jan 9th

Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust ETF gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited time until March 2015, it’s obvious that the option trade was a bold, directional bet expressing the view that Gold might appreciate up to $130-$135. The amount committed to the trade was $10+ million. If the price of GLD reaches the range $130-$135 before expiration, this pro trader will make between 300% and 600% of his investment or $20-$50 million net profit.

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Gold At Major Trendline, Miners Breaking Out

| January 11, 2015 | Category: Price
Gold At Major Trendline, Miners Breaking Out

This is a huge development in the gold space. Even if you are not a big believer in chart analysis, you simply cannot ignore the long term trend on the gold chart. The first chart below is the weekly gold chart. It shows the red line which provides tremendous resistance since mid-2012, a 2.5 year trendline. Combined with the horizontal support around $1150, there is a long term descending triangle formation.

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Gold Investors Weekly Review – January 9th

Gold Investors Weekly Review – January 9th

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 $1,221.6 up $35.4 per ounce (+2.96%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 0.92%. The U.S. Trade-Weighted Dollar Index rose 0.92% for the week.

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Very Strong Indirect Reasons To Buy Precious Metals

| January 10, 2015 | Category: Investing
Very Strong Indirect Reasons To Buy Precious Metals

When the fiat Federal Reserve “dollar” finally loses its status as the world’s reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price. In this article are a few examples of very strong, not so unrelated reasons for actively buying physical gold and silver.

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Gold Broke Out But Will It Hold?

| January 8, 2015 | Category: Price
Gold Broke Out But Will It Hold?

Gold broke out of its downtrending channel this week. Today’s small pull back has not created any damage yet. However, the price of gold should not correct more in order to confirm is breakout. The GLD daily price chart shows the breakout at 116. Support should hold at 116, a level it touched today at the end of the trading session. The coming days will be important for gold.

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Steen Jakobsen: Things Are About To Take A Different Turn In 2015

| January 7, 2015 | Category: Economy
Steen Jakobsen: Things Are About To Take A Different Turn In 2015

Jakobsen argues that in the current economic environment that what a metals trader needs to focus on is deflation. When deflation bottoms out, which is something likely to happen during Q1 of 2015, it will be the biggest buy signal for metals. Jakobsen’s base scenario is that Q1 and Q2 will become the worst part of the business cycle with the lowest inflation expectation, the lowest growth, the lowest ability to do anything and increasing volatility at the same time. But he believes that as this low energy, as these low interest rates and as the terms of trade for Europe improve, we will see a better second half than we’ll see a first half.

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