Tag: gold & silver price drop

Silver: We NEED It!

Silver: We NEED It!

The answer to many questions often depends upon perspective, whether the questions are; should I buy silver, is the S&P 500 expensive, is huge and unpayable debt a problem, is another World War a bad idea, will eating potato chips and candy bars actually damage my health, and are Republicrats as useless and corrupt as they appear? Many people have suggested that silver prices are hopeless and silver will never go up. This is an overly emotional perspective caused by 4.5 years of declining silver prices and negative sentiment. Consistent with this “hopeless” assessment are: If silver prices ever get back to $20, or $30 or $40, I’ll sell and […]

Continue Reading

Gold And Silver Price Crash Of 2014 Coming?

| October 31, 2014 | Category: Price
Gold And Silver Price Crash Of 2014 Coming?

Are we about to experience another crash of the price of gold and silver, as well as miners, comparable to what we have seen in April and June of 2013? We do not exclude it, given the strong trends explained above: rising U.S. Dollar on the back of a sharply declining Yen and rising equities. On the other hand, were equities about to reverse their course because the end of QE would bring uncertainty and volatility, it could well be that the metals (mainly gold) could benefit from new money inflows.

Continue Reading

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.

Continue Reading

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.

Continue Reading

2013 – The Year of JPMorgan

| January 3, 2014 | Category: Investing
2013 – The Year of JPMorgan

As was the case in 2013 and every year since 2008, the next year in gold and silver will be determined by JPMorgan. But considering that JPMorgan now holds a long market corner in COMEX gold for the first time in history, it is hard to see how 2014 doesn’t shape up to be the exact opposite of 2013. Throw in JPM’s sharply reduced short position in COMEX silver and the massive quantities of physical gold and silver acquired by the bank and the start of 2014 couldn’t be more different than the set up of a year ago.

Continue Reading

Dan Norcini About Today’s Gold & Silver Price Drop

| September 20, 2013 | Category: Price
Dan Norcini About Today’s Gold & Silver Price Drop

In short, we are pretty much back to where we were prior to the FOMC. This morning Fed governor Bullard managed to do what many in the Fed have been doing since May of this year, namely, jawboning the markets and setting them up for another possibility of tapering later this year. What has it been, 2 days since we got that FOMC press release and here we already are talking about starting the Tapering once again. Good grief!

Continue Reading

Hedge Funds Could Cause A Potential Disaster In The Gold Industry

Hedge Funds Could Cause A Potential Disaster In The Gold Industry

Mr. Hambro is a leading figures in the gold mining sector in Britain. He is in the gold and mining sector for several decades. He was quite vocal recently in criticising the hedge fund community for distorting the gold market. One of the comments was a warning that hedge funds could account for a potential “disaster” in the industry.

Continue Reading

Gold & Silver – Three Critical Questions

Gold & Silver – Three Critical Questions

The recent price crash leaves us with three critical questions which we try to answer in an objective way in this article. How are bullion owners protected, or what are the benefits of owning physical over paper? What does the disconnect between physical and paper mean? Is the “end of the bull market” for real, or when to sell your gold?

Continue Reading

Where Are The Regulators After The Historic Gold & Silver Price Drop?

Where Are The Regulators After The Historic Gold & Silver Price Drop?

It appears that the multi-market price smash of this past week is also destined to be intentionally ignored by both the CME and the CFTC, save for the braggadocios press release from the CME and some not so reassuring words from Commissioner Chilton that the agency is ”looking into it.”

Continue Reading