Latest Gold & Silver Price News

Is This A Triple Bottom In Gold?

| September 24, 2014 | Category: Technicals
Is This A Triple Bottom In Gold?

We do not intend these observations to imply a recommendation to buy gold, but as chartists we wait and watch for promising setups. In this case we can see something developing that may prove to be relief for long-suffering gold bulls. Those with interest in the yellow metal should watch it closely over the next few weeks.

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Is Gold Correcting Or In A Downtrend?

| September 24, 2014 | Category: Price
Is Gold Correcting Or In A Downtrend?

All this makes me believe we are not in a corrective triangle within a bear market but rather in a bottoming formation. Gold sentiment is not just negative, it is extremely negative, while all the bears in US stocks and the dollar have capitulated. However the breakout from this triangle formation has to be watched very closely. Any move below US$1,200 and, more specifically, $1,180, to which I give a low probability, would require a new look.

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Gold Price Outlook For 2014 And 2015

| September 23, 2014 | Category: Price
Gold Price Outlook For 2014 And 2015

In a recent presentation, Dundee’s Martin Murenbeeld explained the bullish and bearish forces at work in the gold market with some 50 charts. The slideshow is available in this article. On the last slide, Dundee provides price targets. More importantly, however, Murenbeeld looks into the gold price expectations for 2014 and 2015.

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Royal Mint Stimulating Gold Investing

| September 23, 2014 | Category: Investing
Royal Mint Stimulating Gold Investing

The Royal Mint is taking steps to encourage gold investing by launching a new trading website. By doing so, The Royal Mint is opening its services to a broader public. The website is running at royalmintbullion.com; one could compare it with the well known names like GoldMoney and BullionVault, but specialized in gold coin investing.

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Has The Gold Price Drop Run Its Course?

| September 22, 2014 | Category: Price
Has The Gold Price Drop Run Its Course?

The gold price dropped on Monday September 22nd to USD 1212 and EUR 942. Dollar gold is close to retest its bottom for the third time since mid-2013, a price level which was seen only in the summer of 2010. For readers seeking to understand what is going on, we are providing a comprehensive view on the gold market. We take all perspectives into account: price and chart patterns, the technical picture, sentiment, the fuures market, physical demand, gold miners, the influence of the dollar, correlation with commodities, monetary policy and inflation/deflation. We also compare several indicators with the low price points in April, June and December 2013.

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Gold and Silver vs Debt and Taxes

| September 22, 2014 | Category: Economy
Gold and Silver vs Debt and Taxes

Gold prices are still low compared to debt as shown by the gold to population adjusted national debt ratio from the past 44 years. National debt is increasing rapidly, population is increasing slowly, and the gold to population adjusted national debt ratio seems likely to increase substantially from here. Hence gold prices will rally much higher, thanks to massive increases in debt, more currency in circulation, “money printing,” investor demand, higher energy prices, various worries and wars, and Asian demand.

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Gold Investors Weekly Review – September 19th

Gold Investors Weekly Review – September 19th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,216.98 down $12.76 per ounce (-1.04%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 5.44%. The U.S. Trade-Weighted Dollar Index rose 0.63% for the week.

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Gold And Silver: Current Price Is The Story

| September 20, 2014 | Category: Price
Gold And Silver: Current Price Is The Story

Forget all the news, all the fundamentals, all the [mostly errant] price projections. There is a reason why a picture is worth more than 1,000 words, and this is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward. Put to rest every so-called PMs pundit or blogger that has persistently been calling for higher prices or saying the low is in. We keep saying that the best and most reliable indicators come from the market. Time to stop listening about what others have been saying about the market and pay closer attention to what the market is saying about others.

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Gold And Silver Price Drop To Critical Fibonacci Levels

| September 19, 2014 | Category: Price
Gold And Silver Price Drop To Critical Fibonacci Levels

The sell-off has forced the metals to break below some key technical support levels. As a result, fresh sell orders have been triggered which have thus exacerbated the sell-off. For silver, the next potential support is around $17.75/80, a level which corresponds with the 127.2% Fibonacci extension of the last major upswing. For gold, a move down to $1210/12, where a couple of Fibonacci extension levels converge, could be the next stop – potentially ahead of $1180/5 after that.

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A Comprehensive View On Europe’s Geopolitical Situation

| September 18, 2014 | Category: Economy
A Comprehensive View On Europe’s Geopolitical Situation

The future of Europe will be determined by the ongoing conflicts in the Middle East and in Ukraine, by the migration of millions of people and by the threat of force by European jihadists. Because of all these factors, there is a possibility that the conflict in Ukraine and the future migration process could destabilize Europe. In fact, I believe that the Caucasian race, which has dominated the world since the 17th century, could disappear in Europe. In twenty years, there could be a new Europe with a strong relationship with Africa and Asia. The tradition of Europe, which was built up by Emperor Charlemagne, will no longer exist.

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Elliott Wave Projection For Gold Price And US Dollar

| September 18, 2014 | Category: Technicals
Elliott Wave Projection For Gold Price And US Dollar

In this excellent market analysis, Trader MC points out that the current gold price, between $1192 and $1240, is trading at key levels. Patterns change with the psychology of the market and it is important to adjust in real time. He concludes that “the gold market structure should reveal itself very soon, we just have to be patient and let the market come to us.”

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Global Leaders Lying About The State Of The Economy, As Gold Is On Sale

| September 18, 2014 | Category: Economy
Global Leaders Lying About The State Of The Economy, As Gold Is On Sale

As long as the markets continue to believe that the world, specifically the US, is in full economic recovery and higher interest rates are just around the corner, gold will remain under pressure. Personally, I think the downside is limited and we are getting close to a bottom of this cycle. My message here is that while you have many reasons to sell your gold, don’t. Gold is now on sale, and everyone wants to buy valuable assets when they’re cheap. Bullion’s current dip is a golden opportunity to buy low in order to sell high later.

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Rate Bounce After Fed Meeting Pushes Dollar Higher and Gold Price Lower

| September 17, 2014 | Category: Price
Rate Bounce After Fed Meeting Pushes Dollar Higher and Gold Price Lower

Although today’s Fed announcement didn’t really change anything, the financial markets continued to anticipate higher U.S. rates. The first chart shows the 5-Year Treasury Note Yield climbing close to its yearly high. The 10-Year T-Note yield also bounced. The widening spread between U.S. and foreign yields continues to support the dollar. The second chart shows the Dollar Index hitting a new recovery high. That pushed most commodity prices lower. The orange bars in the second chart shows the Gold Trust falling to a new low.

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Peer-to-Peer Marketplace For Gold And Bitcoin

| September 17, 2014 | Category: Investing
Peer-to-Peer Marketplace For Gold And Bitcoin

One of our newest contributors, Michael Mansour from DigitalTangible, submitted a press release announcing the launch of their “Peer-to-Peer Gold and Bitcoin Marketplace.” It is a brand new marketplace where users can list their gold bullion confidently and new buyers, anywhere in the world, can find premium gold deals at lower prices for immediate purchase and delivery. DigitalTangible enables this Peer-to-Peer Marketplace via its global network of professionally insured and bonded custodians.

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