Tag: chart analysis

Gold, Silver, Debt – Don’t Miss These Important Charts

Gold, Silver, Debt – Don’t Miss These Important Charts

In this article, contributor Peter De Graaf shows in five charts the long and short term corrections of the gold and silver price. Precious metals remain within their rising trendline, despite the negative sentiment among investors and trader. Moreover, the seriousness of the debt situation and the impact on the dollar “paper currency” is shown in four charts.

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Silver’s Summer Rally Fizzles Out

| October 17, 2013 | Category: Price
Silver’s Summer Rally Fizzles Out

As gold and silver bulls we need to recognize that nothing goes up in a straight line and that there are bumps along the way. This current bull market in the precious metals sector is going through a downturn, a bear phase within a bull market. There will come a time when this bear phase exhausts itself and we can hit the acquisition trail with some gusto, so we must remain vigilant and look for those indicators that will alert us to a future change of direction. Until you are confident about silvers direction, keeping a fair amount of cash on the side-lines is not a bad idea.

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Silver – QE4ever, POMO4ever, Nevermore4ever

| October 6, 2013 | Category: Price
Silver – QE4ever, POMO4ever, Nevermore4ever

While there have been projections for silver to reach $100 the oz, $200, even $300, it really does not matter. Whatever the price, it will justly reflect all the mishandling of the economy by the central bankers, and those who own and hold silver, and gold, will reap the benefits of their foresight learned from hindsight. The day is coming when central bankers will lose total control, and the message to them will be clear as sound money is reestablished: Nevermore! 4ever!

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Central Bank Death Dance: Good & Bad News For Gold & Silver

| October 5, 2013 | Category: Price
Central Bank Death Dance: Good & Bad News For Gold & Silver

The Death Dance continues to unfold. It will get uglier and much worse before it ends. The fiat “dollar” is wearing no financial “clothes,” but most of the watchers seem not to notice, or care. Those who care do not matter, while those that matter do not care. When the end comes, it will be fast and furious. Those who failed to act and those who acted too prudently for timing will miss out. No one knows the when, but if it is months or years. Do you have your gold and silver safely in hand?

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Gold Price Today vs The 1995 Government Shutdown

| October 1, 2013 | Category: Price
Gold Price Today vs The 1995 Government Shutdown

The last government shutdown in the US goes back to the Clinton administration. It was the longest one in the US history: from Dec. 16, 1995, to Jan. 6, 1996. Interestingly, gold started only to react towards the end of that period. There was initially no reaction at all. Today, however, things were different. Gold and silver were smashed early today as were copper and oil. The lunatics had full control into the close taking the S&P to its highs of the day – totally incredible.

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Silver – Pushing On A String

| September 28, 2013 | Category: Price
Silver – Pushing On A String

The final close for the monthly chart is Monday, but unless price makes a dramatic move up or down, September has been an “inside range” bar. It has done little to erase the stronger August rally bar, and for that reason, a slight edge goes to the bulls. What is critical now is for demand to take over and rally price higher. Sentiment aside, our expectation is for a more protracted sideways range in the months ahead. We could be wrong, but it is an “odds-on” assessment.

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Gold And Silver – Central Bank Death Dance (Part I)

| September 28, 2013 | Category: Price
Gold And Silver – Central Bank Death Dance (Part I)

The reason why gold and silver are not priced higher is not because of the true demand situation, or even the dwindling supply/default on physical delivery circumstances. The question hardly anyone is asking is why are central banks and their servant governments doing everything possible to preserve the soon to be devalued “dollar,” more accurately, FRNs? Central bankers may currently be engaged in their own “death dance,” with increasing odds that their criminal banking scheme is being exposed for what it is and has been. Whether it is allegro or adagio, no one knows. For sure, Eastern countries are no longer tolerating the Western banking Ponzi scheme and are shunning the “dollar,” forever.

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Gold Finds a Few Friends near $1300

| September 24, 2013 | Category: Price
Gold Finds a Few Friends near $1300

Technically, market remains range bound between an overhead resistance zone noted on the chart and a support zone beneath the market which extends to psychological support at round number $1300 and to just below that level which is where the market bounced early in the session last Wednesday when the FOMC statement was released. For gold to have a chance at moving higher now, it will need to take out that $1332 level. Whether it is setting up a large range trade between $1375 and $1305 or so remains to be seen. If it is repelled by $1332 – $1330, it will be seen as a strongly bearish reaction. The bulls bought themselves a bit of time today but they have a lot of work to attract some fresh converts to their cause.

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Silver – Not Ready For Prime Time

| September 22, 2013 | Category: Price
Silver – Not Ready For Prime Time

Even we are of the belief and opinion that silver will ultimately go much higher, but the key word is ultimately. For the present tense conditions, that is an unrealistic expectation. From this chart, we know silver is highly unlikely to rally to $100, $200, or $300. Actually, not even $50. Facts keep our beliefs in check and context.

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Gold & Silver Needs A Breakout On The Technical Price Charts

| September 10, 2013 | Category: Trading

Gold, after looking like it was going to try to push through $1400, swiftly succumbed to selling pressure in spite of the strength in the Euro. It sure does seem as if that “14” handle is proving to be difficult for the metal to hold right now. Same goes for silver in the sense that maintaining itself above the $24 level for any length of time is also elusive.

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Silver – Can $23 Hold? $26 Should.

| September 8, 2013 | Category: Price
Silver – Can $23 Hold? $26 Should.

For now, silver is in a small trading range, and $23 has held. This can change on Monday, if silver were to sell off under $23. We do not know, nor do we have to know. All anyone can do is deal with the available information in the present tense. If new, future market activity alters that view, we get to deal with it then, and respond accordingly.

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Gold And Silver Prices – Market Says 1 to 2 Years Sideways, Not Up

| September 1, 2013 | Category: Price
Gold And Silver Prices – Market Says 1 to 2 Years Sideways, Not Up

In a week of no news relevant to gold and silver, gold slipped under the 1400 level, for some “unknown” reason, while silver just slipped a little. Friday marked the close of the week and month, for charting purposes. Stand-out wide range bars tend to capture market behavior for the next several time periods, so for a Quarterly, it can be a few years. In the 2011 wide range bar, gold traded sideways for 6 more quarters, before being “driven” lower. The 2nd Q bar, second from the end, is almost equal in size to the range that formed the high. Using past history of how price responds, it is likely that gold, [and silver], will move sideways for another year or two. This flies in the face of so many current, mostly expert opinions.

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Syria News Sends Gold and Safe Haven Treasuries Higher

| August 27, 2013 | Category: Price
Syria News Sends Gold and Safe Haven Treasuries Higher

Here we are talking about a nation that is running over $17 TRILLION in its national debt and there are those who are dense enough that they want to own more US Debt as a SAFE HAVEN. Gold has run into some pretty good selling at the highs made back in late May/early June after putting in some sizeable gains since Thursday of last week. Working against further gains in today’s session is the weakness in the mining shares.

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Gold Silver Price – Fundamentals Never Say “When.” Charts Do.

Gold Silver Price – Fundamentals Never Say “When.” Charts Do.

Fundamentals give the reasons for taking a particular action, but they do not provide the timing. The most important piece of market information always starts with the trend. Gold is now beginning to show signs of a potential bottom. It is too soon to know for certain, at least on the monthly, [not shown], and weekly charts.

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