Tag: gold silver prices

Election May Impact Near-Term Action in Gold & Silver

| October 26, 2020 | Articles: Insights
Election May Impact Near-Term Action in Gold & Silver

Metals broke out earlier in the year because there has likely never been so many fundamental reasons to buy gold and silver. We’ve seen economic turmoil, political strife, social unrest, a $3 trillion federal deficit, and a dollar weakened by fiscal and monetary stimulus – all happening at once. How the markets finish the year will depend on whether these conditions persist. The near-term bearish scenario for metals would probably have something in common with 2016. Donald Trump wins and investors feel more confident. They could focus on buying risk assets, and they could be less motivated to buy safe-havens assets. This time around, however, the election is not likely […]

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Gold and Silver Are Still Locked and Loaded… Don’t be Out of Ammo

Gold and Silver Are Still Locked and Loaded… Don’t be Out of Ammo

In military terms, the phrase “locked and loaded” refers to “locking” a magazine or cartridge into a firearm and loading a round into the gun’s chamber. A variant is to “lock the safety” and then load a magazine into the weapon. The analogy in his essay is that from a technical (chart) standpoint, the price of gold and silver are building energy to the point that they are getting closer and closer to breaking out of a consolidation pattern and beginning the next impulse in the bullish sequence of higher highs and higher lows. The pullback this week does not negate the outlook for higher prices in the coming weeks […]

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The Gold and Silver Dam Breaketh

The Gold and Silver Dam Breaketh

Ask precious metals’ holders and chart technicians what in the last 6-8 weeks stands out in their mind and they will point to the breakout of gold and silver above areas which had contained them for almost a decade. Gold rocketed without pause to $2,070. Silver, though still well below record nominal dollar highs, sliced through $26, which was supposed to be a lid on prices until next year. A litany of “price pullers” we’ve long discussed in our essays – government deficit spending, lagging metals’ production vs. exploding demand, and an almost complete absence of big discoveries have all played a part. But these are relative symptoms. I believe […]

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Gold/Silver Ratio Timeline (1862-2020)

| June 17, 2020 | Category: Price
Gold/Silver Ratio Timeline (1862-2020)

Number of silver ounces worth 1 oz Gold (1862-2020) Courtest of SD Bullion

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A New Day Has Dawned for Gold and Silver

A New Day Has Dawned for Gold and Silver

Most resource sector writers (including me) have for a long time been “wrong” about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the “longer time bullish case” as these metals dropped into their final cyclical bear market graves in late 2015. But that was then… and this is now. What we DID get right was that when the Big Turn finally came, it would change directions so swiftly and violently that anyone waiting for “the bottom” would miss it, as rising premiums more than offset declining […]

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Craig Hemke Makes 2020 Prediction on Gold & Silver, Slams Biased Gold Naysayers

Craig Hemke Makes 2020 Prediction on Gold & Silver, Slams Biased Gold Naysayers

Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the best analysis you will find anywhere on banking schemes, global macroeconomics, and evidence of manipulation in the gold and silver markets. Happy New Year to you, Craig. Thanks for coming on and welcome, how are you? Craig Hemke: Mike, it’s always a pleasure. New Year’s started off with a bang, man. I hope it’s not indicative of how crazy this entire year is going to be. We’ll see. Mike Gleason: Yeah, […]

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Outlook 2020 (Part 2): Key Fundamentals and Technicals for Precious Metals

Outlook 2020 (Part 2): Key Fundamentals and Technicals for Precious Metals

The first part of our 2020 Outlook covered the Big Picture Backdrop for Precious Metals. This second part focuses on the fundamental and technical setup for gold and silver markets. Precious metals markets enter the New Year with some impressive upside momentum. Are gold and silver poised to deliver big gains in 2020? Before answering that question, let’s review the year-end closing prices and yearly gains the metals recorded in 2019: Gold: $1,519 (+18.9%) Silver: $17.91 (+15.3%) Platinum: $970 (+22.1%) Palladium: $1,954 (+59.5%) Gold and silver each notched their best annual gains since 2010. Meanwhile. platinum emerged from its most deeply depressed levels since 2004 to make a run for […]

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Outlook 2020: The Big Picture Backdrop for Precious Metals

Outlook 2020: The Big Picture Backdrop for Precious Metals

The year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals. In the second part of Money Metals’ 2020 Outlook, we’ll drill down on the fundamental and technical setup for gold and silver… However, in this first part, we’ll set the stage by digging into the macro forces at play in the economy, monetary policy, politics, and geopolitics. Economy Over the summer, the mainstream financial media ran hard with the “recession” angle. A manufacturing slowdown seemed to be afoot. But the main impetus for all the […]

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David Jensen: Gold & Silver to Head Dramatically Higher, Mirroring Palladium

David Jensen: Gold & Silver to Head Dramatically Higher, Mirroring Palladium

Mike Gleason: It is my privilege now to welcome in David Jensen of Jensen Strategic and a highly studied mining analyst and precious metals expert with close to two decades of experience in the mining industry. And it’s great to have him back on with us. David, thanks so much for the time again today, and it’s nice to talk to you again. Welcome. David Jensen: Thank you, Mike. It’s good to be back with you again. Mike Gleason: Well, David, we had you back on at the beginning of the year and you shared some amazing insights on palladium, and we’ll get to that in a bit because that […]

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David Morgan: “This is the real move in gold and silver… it’s going to be multiyear.”

David Morgan: “This is the real move in gold and silver… it’s going to be multiyear.”

Mike Gleason: It is my privilege now to welcome back our good friend David Morgan of The Morgan Report. David, it’s always good to have you on and appreciate you joining us today. How are you, sir? David Morgan: Mike, I’m doing all right and it’s good to be with you. Mike Gleason: Well, David, I know we don’t have a whole lot of time today, but I’m really glad we’re able to speak to you this week because we’re finally seeing some real fireworks here in the metals lately. And I wanted to get your comments. I should mention that we’re talking here on Thursday morning and we’ve got […]

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Precious Metals Soar on Falling Yields, Currency Turmoil

Precious Metals Soar on Falling Yields, Currency Turmoil

What a wild week it’s been for investors. The threat of global trade wars and currency wars sparked big swings across all major asset classes.  Bond yields dove toward historic lows.  Stocks plunged earlier in the week before rebounding sharply by Thursday.  And precious metals rode a huge safe-haven wave higher. Gold prices eclipsed the $1,500 level on Wednesday for the first time in over six years. Meanwhile, silver pushed above $17 an ounce to record a one-year high. Both metals are up over 4% for the week. The money metals are becoming increasingly attractive as President Donald Trump ramps up his battles against China abroad and the Federal Reserve […]

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Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry, and runs one of the most highly-respected websites in our space, and provides some of the best analysis on the banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back and thanks for joining us. How are you today? Craig Hemke: Mike, Happy Pet Rock Day. As we record this it’s July 17th, that is the four year anniversary of the infamous article written by Jason Zweig of the […]

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Are Silver and Gold ‘at the Flood’?

Are Silver and Gold ‘at the Flood’?

By David Smith, Money Metals Exchange There is a tide in the affairs of men… Thus, begins one of the most famous quotes ever uttered, taken from Shakespeare’s play, Julius Caesar. Brutus, talking to Cassius, says, “There is a tide in the affairs of men. Which taken at the flood, leads on to fortune…” A flood tide takes place at the very crest in the water’s height. Once the “tide turns,” there is no stopping its ebb until, much later, it reaches an extended, even a minus low. If you’re ashore in parts of Alaska, where a tide can run 20 feet, not embarking “at the flood” and waiting until […]

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Election Uncertainty Now Influencing Gold & Silver Prices

Election Uncertainty Now Influencing Gold & Silver Prices

Most of us consider this year’s presidential election as the wildest and most unpredictable we’ve ever seen, but you wouldn’t know it by looking at the markets. Gold and silver spent most of the past three weeks going nowhere fast. Between Oct. 6th and Oct. 27th silver traded within ten cents of $17.60/oz – an extraordinarily tight range. Precious metals generally thrive on uncertainty, but the markets have been unfazed and instead have appeared to be paralyzed. It seems Wall Street may not have shared the trepidation many Americans at large have been feeling. That may be about to change. On Friday, FBI director James Comey, of all people, broke […]

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