Tag: market commentary

Silver’s Disconnect: Silver Price Falls Amid A Strengthening Physical Market

| October 6, 2014 | Category: Price
Silver’s Disconnect: Silver Price Falls Amid A Strengthening Physical Market

While all precious metals have dropped, the silver price has suffered the most. As a monetary metal, it seems to defy logic that silver has plummeted while debt levels have soared, money printing is at historic levels, and fiscal deficits remain stubbornly high in spite of record federal tax revenue. But the disconnect is bigger than just the price vs. silver’s monetary role.

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Gold Investors Weekly Review – October 3rd

Gold Investors Weekly Review – October 3rd

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,191.76 down $26.62 per ounce (-2.18%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 5.70%. The U.S. Trade-Weighted Dollar Index rose 1.19% for the week.

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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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Gold Investors Weekly Review – September 19th

Gold Investors Weekly Review – September 19th

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 $1,216.98 down $12.76 per ounce (-1.04%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 5.44%. The U.S. Trade-Weighted Dollar Index rose 0.63% for the week.

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Gold Investors Weekly Review – September 12th

| September 13, 2014 | Category: Investing
Gold Investors Weekly Review – September 12th

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 $1,229.70 down $39.22 per ounce (-3.09%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 4.21%. The U.S. Trade-Weighted Dollar Index rose 0.57% for the week.

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No Improvement Yet In The Latest Commitment of Traders Report

| September 13, 2014 | Category: Technicals
No Improvement Yet In The Latest Commitment of Traders Report

I must admit that I was more than underwhelmed by yesterday’s Commitment of Traders Report. Although the numbers were headed in the right direction in both silver and gold, they weren’t the big numbers that both Ted and I were expecting. In a word, it was disappointing, considering the fact that we carved new low ticks in both metals every day during the reporting week ending on Tuesday, June 9.

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Gold Investors Weekly Review – September 5th

| September 7, 2014 | Category: Investing
Gold Investors Weekly Review – September 5th

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 $1,268.92, down $18.89 per ounce (-1.47%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 6.48%. The U.S. Trade-Weighted Dollar Index rose 1.22% for the week.

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Gold – Contradictory Technical Indicators In Play

| September 7, 2014 | Category: Price
Gold – Contradictory Technical Indicators In Play

Thursday’s sell-off has created a huge bearish engulfing candle on the daily chart of gold, which is obviously not something the bulls would have liked to see. On top of this, gold has broken out of a long-term triangle pattern to the downside following Monday’s sell-off. Both of these development point to lower prices. However, the metal has now reached a key Fibonacci support zone between $1254 and $1262. This is also the location of a Bullish Gartley pattern. So, there is a possibility for a move higher from here.

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Precious Metals And The Dollar

Precious Metals And The Dollar

I would describe most of the exuberance regarding the dollar as wishful thinking at best. The news just this morning about the American job market, for one, hardly justifies any great faith in the underlying power of the US economy. And the fact that the ECB feels the need to adopt the same kinds of radical monetary policies practiced by other western nations like the US and Japan, only confirms the view of many dollar bears that the West is on the decline, and other powers (most notably China) do have reason to seek at least some diversification away from the world’s reserve currency.

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Gold Investors Weekly Review – August 29th

Gold Investors Weekly Review – August 29th

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 $1,287.62 up $7.54 per ounce (0.59%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 2.40%. The U.S. Trade-Weighted Dollar Index rose 0.44% for the week.

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Gold Investors Weekly Review – August 22nd

Gold Investors Weekly Review – August 22nd

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 $1,280.08, down $24.75 per ounce (-1.90%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 3.08%. The U.S. Trade-Weighted Dollar Index rose 1.08% for the week.

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Gold Investors Weekly Review – August 15th

Gold Investors Weekly Review – August 15th

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 $1,304.54, down $6.41 per ounce (-0.49%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.50%. The U.S. Trade-Weighted Dollar Index rose 0.05% for the week.

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Gold Investors Weekly Review – August 8th

Gold Investors Weekly Review – August 8th

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 $1,311.60, up $18.27 per ounce (+1.41%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 2.21%.

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Gold’s Big Breakout: Could 5-Month Highs Be Next?

Gold’s Big Breakout: Could 5-Month Highs Be Next?

Gold’s daily chart reflects this shift toward risk aversion. The entire drop from the early July high created a clear falling wedge pattern; despite being created by a series of lower lows and lower highs, this pattern is typically seen as a bullish signal because it shows declining selling pressure on each additional thrust lower. Once we saw the big breakout yesterday, which also created a Bullish Marubozu Candle on the daily chart, the outlook for the commodity shifted strongly to the topside. Today’s move above the July 29 high added the “cherry on top” of the bullish sundae from a price action perspective.

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