Tag: gold chart

No Trade In Gold For Now

No Trade In Gold For Now

Gold has not developed a daily chart bottom — and I believe this is a necessary condition for any future bull market in the metal. I thought Gold had formed a H&S bottom in Jan 2015, but the recent decline has been too severe, so we are back to the drawing board. I see no trade in Gold at the present time.

Continue Reading

April Gold Fails to Entice

April Gold Fails to Entice

The 1225.80 ‘buy trigger’ I’d suggested here yesterday went unachieved, sparing us the false encouragement of a bull trap rally that died in the wee hours Monday morning. The subsequent dive exceeded a Hidden Pivot support at 1199.60 (see inset), promising more pain for bulls down to as low as 1176.30 over the near term. The futures were ostensibly a bull trade shortly after midnight Tuesday, but let’s wait for a print at 1225.30, lest we court disappointment.

Continue Reading

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.

Continue Reading

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.

Continue Reading

Gold Chart – False Breakdowns And Breakouts Suggest Indecision

Gold Chart – False Breakdowns And Breakouts Suggest Indecision

Gold Spot price experienced a false short-term breakout through the April 2014 peak at 1,327, and promptly fell back into the narrow trading range of the past 4 months. In failing, Gold put in place a third lower rally peak since 2013 suggesting there is not yet enough demand to get through those resistance levels. Each lower rally peak suggests someone coming in to sell the rally.

Continue Reading

Gold Has Impressed – What’s Next?

| July 22, 2013 | Category: Price
Gold Has Impressed – What’s Next?

Gold is adding to its gains from the Asian session last evening in impressive fashion as the climb today has been steady and methodical. It has all the appearances of a strong short squeeze accompanied by an inflow of new long positions, which is exactly what this market has been needing to propel it higher. If the speculators start falling back in love with gold again, the rally will have further to run.

Continue Reading

August Could Bring Further Losses For Gold

| July 14, 2013 | Category: Price
August Could Bring Further Losses For Gold

The bearish performance to date likely indicates that once the Cycle ages that it could quickly turn down sold aggressively. This might well coincide with the dollar coming out of its own DCL late next week. Up until then though, gold still has a chance to prove me wrong. I believe even in the bearish case that gold should have enough steam to get it to $1,300. But now is its only chance to shine. If the gains cannot come quickly from this setup, then I’m afraid gold is setting up for yet another big fall.

Continue Reading

The Gold & Silver Price Dipped Today

The Gold & Silver Price Dipped Today

“The markets are now well and truly broken. Not because they don’t conform to my predictions, but because they are no longer sending useful price signals.” This quote comes from Chris Martenson his latest editorial. We believe it perfectly describes the gold and silver price action of the past days, and especially today (December 18th, 2012). The charts show both gold and silver took a dive today. They did not close the trading session on the lowest point of the day. What follows are some commentaries about the precious metals price action. It’s almost amusing how some commentators are attaching so much importance to headlines. Could a safe haven really […]

Continue Reading

Gold Cycles: $1,704 Important Gold Price Point

Gold Cycles: $1,704 Important Gold Price Point

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. In the mid-week report I stressed my disappointment with how this 1st Gold Daily Cycle did not live up to past expectations.  I also stated that I did not believe that Gold could have formed a Daily Cycle low so soon too.  Based on Friday’s drop back to the $1,708 level, I believe this statement still holds true.  With Day 20 now upon us, Gold is setting up to form a low with yet another re-test of last week’s dip. But I do not expect much more downside beyond this.  As […]

Continue Reading

Gold Price In Uptrend And Prepares For Next Phase

Gold Price In Uptrend And Prepares For Next Phase

In September gold rose above its 200-day moving average so it moved officially in an uptrend. It did so after eleven  months of sideways consolidation, moving in a fixed range. Today, the trend is still intact. The key question is if this is the next phase of the gold bull market? Is gold back? Hard Assets Alliance think this is just the beginning for gold and silver. We may see some consolidation or even a pullback due to potential seasonal weakness, or some “price fatigue” after such a big advance, but our bullishness has little to do with seasonality or short-term price surges. Here’s what supports our outlook: Source: Hoisington Investment Management Company This […]

Continue Reading

Gold Is Not Back In Favor Yet …

Gold Is Not Back In Favor Yet …

Despite the decline this past week, gold seems to be regaining favor with global investors, as just a week earlier it had been flirting with the $1,800 an ounce mark. Quite a change from the sentiment in early summer when some investors were questioning whether the yellow metal’s decade-long bull run was coming to a close. The rebound in investor sentiment toward gold, of course, coincided with the launching of open-ended QE3 (or QE infinity) by the Federal Reserve. Since then gold has “barely paused for breath. It has, as discussed previously, touched all-time highs in terms of euros or Swiss francs. QE3 certainly seemed to worry some investors. These […]

Continue Reading

Gold Holding near Secondary Support Level, but is struggling

Gold Holding near Secondary Support Level, but is struggling

As you can see on this shorter term chart, gold has broken the nice STAIR-STEPPING PATTERN that had been in plce since the middle of August. The overhead resistance at $1,800 has proven to be too formidable for the bulls to overcome and thus the market has set back due to a combination of both stale long liquidation and fresh shorting against this resistance line. The market is probing lower looking to see at what price level more demand, especially on the physical market, can be generated. It is important that the line marked, “SECONDARY SUPPORT” does not give way. If it does, gold will drop to $1700 – $1690 […]

Continue Reading

When the Price of Gold is Sold-Off on Comex, use these Dips to Buy More Physical

When the Price of Gold is Sold-Off on Comex, use these Dips to Buy More Physical

After failing to break above the $1800 an ounce level, gold prices came under some selling-pressure last week to trade lower and off its recent highs. The price of the yellow metal closed out the week at $1754.30 an ounce down 2% from last weeks’ high as the US dollar gained against a basket of other major currencies. On Monday, the price of gold fell by another 1% to $1,727.50 an ounce, the lowest level since September 13. The price of spot came under some selling pressure almost as soon as the US session on Comex began. Prices fell by around $20 an ounce in the first two hours of […]

Continue Reading

What Will the Price of Gold Be in January 2014?

What Will the Price of Gold Be in January 2014?

Jeff Clark from Casey Research has written great articles and here is another one. The charts which show the exploding monetary base are well known in the meanwhile, but Jeff Clark presents  a particular one that shows the correlation between the gold price and the monetary  base. Is there anything more clear than this trendline? Now over the time period that is used in the chart, monetary policies were controlled to such a degree that money markets are leading an artificial life. Obviously that can last for a limited period of time. It’s impossible to continue several years with zero interest rates (negative real rates), exponential money growth in an environment with high real unemployment […]

Continue Reading