Latest Gold & Silver Price News

Why There Is Still Hope For Gold Bulls

| October 2, 2014 | Category: Price
Why There Is Still Hope For Gold Bulls

Gold is approaching a critical price point, i.e. $1,180. That is the lowest price of the last years. It has been tested twice, so this third retest is a crucial one for the short and medium term. Although the sentiment is extremely negative, there are some indications which could provide some help for the yellow metal.

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Silver Breaks to the Downside in a Big Way – Technical Picture

Silver Breaks to the Downside in a Big Way – Technical Picture

The SILVER tracking ETF has penetrated major support and may well be leading the way lower for other precious metals. At the moment both the short-and intermediate KSTs are bearish and this is likely to put more downside pressure on the metal, notwithstanding any reflex rallies that might develop. The long-term series is flat but still above its moving average. However, the recent drop below support by the price itself is likely to place downward pressure on it.

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Insights From 10 Year Gold to Silver Ratio And Sentiment

| October 1, 2014 | Category: Price
Insights From 10 Year Gold to Silver Ratio And Sentiment

The GSR is approximately 70. That is an extremely high ratio and probably marks a major bottom in gold and silver prices. However, can the price of silver drop another buck? Of course! Do High-Frequency-Traders want to generate profits? Of course, and if they can smash silver down another buck, they will. But watch out for the snap-back rally. It will be impressive. Prices will reflect true value – eventually. In the meantime, buy when blood is running in the streets, when sentiment is low, when prices have been smashed, and when nobody else wants to buy.

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Demand for Physical Gold Remains Strong as Bullion Banks Suppress Prices

Demand for Physical Gold Remains Strong as Bullion Banks Suppress Prices

September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold’s strongest month from a seasonal perspective. The price fall means that gold is heading for the first quarterly loss this year. As a dollar-driven rally spurred by U.S. economic growth and after the U.S. Federal Reserve indicated it could raise interest rates sooner than expected earlier this month, gold prices have come under pressure for the entire month of September. However, as there has not been any dumping of the physical metal and as demand remains relatively robust one can surmise that this selling can only be the nefarious activities of the large bullion banks trying to suppress the price of the yellow metal once again and thus give the general public that illusion that owing gold is not as good as owning the U.S. dollar or equities.

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Technical Analysis: All Metals Weak, Gold Bull Market Over For Now

| September 29, 2014 | Category: Technicals
Technical Analysis: All Metals Weak, Gold Bull Market Over For Now

Additionally, we present again our major observation from last year that Gold structural bull markets appear (in the small sample available) to end with or near structural interest rate cycle reversals, whether with inflationary (rising rates) or deflationary (falling rates) environments. Given that we believe the falling interest rate cycle from 1980-1981 is in the process of reversing (transitions to rising interest rate cycles take from 2 to 14 years historically), it follows that the structural bull market for Gold is over.

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Events Impacting The Gold And Silver Price In The Week Of September 29th

| September 29, 2014 | Category: Price
Events Impacting The Gold And Silver Price In The Week Of September 29th

For the week commencing September 29th, there are some key economic data and the European Central Bank announcement that could impact markets and precious metals. A key event this week is undoubtedly the ECB rate decision on Thursday October 2nd.

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COT Report Shows JP Morgan Holds Lowest Silver Short Position Since 2008

| September 28, 2014 | Category: Investing
COT Report Shows JP Morgan Holds Lowest Silver Short Position Since 2008

Based on the latest COT report, Ted Butler calculates that JPMorgan’s short position in silver is now down to about 11,500 contracts, their lowest short-side corner in the Comex futures market since taking over the silver short position of Bear Stearns in 2008. And not to be forgotten in all of this, is the equally extreme short-side corner in the Comex silver market held by Canada’s Scotiabank.

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Gold Investors Weekly Review – September 26th

| September 27, 2014 | Category: Investing
Gold Investors Weekly Review – September 26th

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 $1,218.07 up $2.37 per ounce (0.19%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 2.74%. The U.S. Trade-Weighted Dollar Index rose 1.04% for the week.

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Truthseeking: How The Elites Are Running The World, The Dollar And Metals

Truthseeking: How The Elites Are Running The World, The Dollar And Metals

None of these stories are news-headline-grabbing, but they are pieces of the puzzle that, when put together, a picture of how the elites run the world suddenly appears. They are in control. No one can oppose their power. China and Russia are opposing them, right now, and their strength, backed by huge natural resources, [Russia], and massive amounts of gold, [China and Russia], engaging and encouraging other countries to build and grow from within, may very well win the day and be the catalyst to bring down the Empire of Chaos, led by the evil cabal of debt serpents, the elites.

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Dollar Gold And How It Affected Gold Since The Financial Crisis

Dollar Gold And How It Affected Gold Since The Financial Crisis

As the dollar has risen to a level not seen since the first outbreak of the euro problem in mid-2010, it would seem as if the level of dollar stress might be somewhat heightened, though it is impossible to know exactly if that is the case and to what degree. It looks as if the breakout of gold prices below the range that had been so stable since early in the year would add evidence to that theory. Gold prices under these conditions will act inversely, as funding pressures where gold is used as a substitute collateral are depressive. That would further suggest, if correct, that central banks may be back into supplying gold where they were likely absent only a few months ago.

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Research Shows Positive Correlation Between Economic growth And Gold Demand

| September 25, 2014 | Category: Investing
Research Shows Positive Correlation Between Economic growth And Gold Demand

Current data on the world’s economies is mixed. There is both positive and negative news about developed and emerging markets but many investors – particularly in the US – are optimistic about a return to growth. Conventional wisdom says this will be bad news for gold. We believe the true picture is more complex. Gold benefits from both the growth and contraction phases of the business cycle, and our analysis, based on new third-party research, highlights the positive link between economic growth and consumer demand for gold.

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Insights From The 10 Year Gold, Silver And Dollar Chart

| September 25, 2014 | Category: Technicals
Insights From The 10 Year Gold, Silver And Dollar Chart

Buy fish line patterns, sell rhino horn patterns, and trust that politicians and bankers will continue to borrow and spend money that must be “printed” in ever-increasing quantities. Example: Official national debt increased by $1,013,588,000,000 in the one year from Sept. 23, 2013 to Sept. 22, 2014.
US Dollar: My expectation is that many more dollars must be created and consequently they will lose value against food, energy, and the commodities we need for daily living. Gold: My expectation is that gold can’t be printed into existence and that it will retain or increase its purchasing power over time. Silver: My expectation is that silver will become both more scarce and yet more essential to our economy, and that it will rally substantially from here.

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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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