Tag: silver price

How Silver Miners Should Help Solve Silver Price Manipulation

How Silver Miners Should Help Solve Silver Price Manipulation

It is only when you compare what just occurred in COMEX silver to other commodities does the extent of the manipulation come through. I’d use the words preposterous and absurd to describe the situation, but the COT report is factual and as real as rain. Instead, what is preposterous and absurd is for anyone to pretend that what is going on in silver is somehow normal. This is particularly true for silver investors and mining companies and their shareholders which are being held hostage to the most defective price discovery process in history.

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Hedge Funds Pile Into Silver, Price Is Going Lower

Hedge Funds Pile Into Silver, Price Is Going Lower

Over the last week traders are wondering why has the price of Silver started to fall so quickly. After all, technical breakout just occurred? The truth is dumb money, in the form of hedge funds, have piled into the precious metals sector… and especially in Silver. The chart below shows hedge fund contracts sitting close to 45,000 net longs. Are we in store for a classic shake out?

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Silver: A Strong Bullish But Also A Bearish Case

| May 21, 2015 | Category: Price
Silver: A Strong Bullish But Also A Bearish Case

Short-term traders may want to wait for more evidence to help tip the scales. A break above converging resistance in the 17.80-90 zone would be a strong bullish signs and would open the door for a move up to 18.50 next. On the other hand, a breakdown back below the 200-day MA at 17.00 could target the 61.8% Fibonacci retracement of the ABCD pattern at 16.20 or lower.

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Breaking News: Silver Is Breaking Out

Breaking News: Silver Is Breaking Out

Silver has broken through its 2014 / 2015 downtrend. The daily chart shows that it did so at the 3d test of the trendline. The last breakout attempt of silver was capped by the U.S. dollar rally (starting August 2014). It seems that nothing stands in the way of the grey metal at this point, at least not at this point in time. Precious metals should be watched very, very closely. It is silver that could trigger a breakout for the whole precious metals complex (including gold, miners, palladium, platinum).

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Falling Dollar Boosts Gold And Silver Prices

Falling Dollar Boosts Gold And Silver Prices

The Dollar Index is falling 1% today to a new four-month low. That’s giving a boost to commodity markets, and precious metals in particular. Silver in particular is having a strong day. The second chart shows the Silver Trust iShares (SLV) gapping more than 3% higher in heavy trading. It is now testing its early April high and 200-day average. The third chart shows the Gold SPDR (GLD) jumping as well in heavy trading. Precious metal stocks have having a good day.

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Silver Price Projections for 2020

Silver Price Projections for 2020

Based on the past 15 years, we should expect considerable and increasing volatility, as the next few years will probably see dramatically increasing debt, stock market corrections (the S&P is overvalued and probably peaking in 2015), deflationary forces and increasing debt defaults, desperate central banks “printing” even more currencies, a derivative scare or crash, central bank created consumer price inflation, another financial crisis, and the list goes on.

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Expect A Quiet Week In Gold And Silver Prices

Expect A Quiet Week In Gold And Silver Prices

For the week commencing May 11th, we expect a very quiet week. There are only a handful number of economic data without any central bank announcement, as seen on the next table. The data that are scheduled to be released are typically not moving precious metals prices.

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Precious Metals: Contratrend Rally And Not

Precious Metals: Contratrend Rally And Not

Gold Spot price carries an enigma in behavior over the past six months in that with the dollar rally, Gold went nowhere; with the stock market rally, Gold went nowhere. Both of these relationships are generally inverse in nature. However, from a Relative Strength perspective, the expected underperformance of Gold versus the dollar and versus stocks, has held 6 Gold has underperformed both.

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Gold And Silver Price: Expect Volatility Later This Week

Gold And Silver Price: Expect Volatility Later This Week

For the week commencing May 4th, there are a limited number economic data but they are typically moving markets and metals. On Friday, the U.S. monthly unemployment figures will be released, as seen on the table below. Moreover, Janet Yellen will be speaking on Wednesday. Both events have the potential to create volatility in stocks, bonds and precious metals.

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Gold And Silver Price: End Of Month Chart Analysis

Gold And Silver Price: End Of Month Chart Analysis

The silver price continues to move farther along the Right Hand Side of the trading range. which is where a final resolve will occur. So far, there are no signs it is ready to move higher. Since the March swing low, gold has moved sideways in overlapping bars, a sign of balance between buyers and sellers. The past two weeks were low range closing bars, but no downside follow-through. In a weak market, the onus is always on buyers, [still absent].

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Silver – Four Years Later

| April 23, 2015 | Category: Price
Silver – Four Years Later

Based on the 30 year ratios to the S&P 500 index, gold, and crude oil, silver is currently inexpensive. The High-Frequency-Traders can push prices lower or higher quite easily so this analysis says little about what silver prices will do next week or next month, but it clearly says that in the long-term silver prices are low and likely to rise significantly in the next few years.

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How To Recognize The Long-Awaited Breakout In Precious Metals

| April 21, 2015 | Category: Price
How To Recognize The Long-Awaited Breakout In Precious Metals

The chart provides some answers to that question. In particular, it shows the trendlines in a simple and clear manner, for gold, silver and miners. Based on those trendlines, it seems that none of these assets were able to break out so far. In case we would see a break through the trendlines, ideally in all of those assets together, then we can be quite confident that we finally have a trend change. The chart provides almost exact targets to watch for a structural breakout.

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Rock-Paper-Silver

Rock-Paper-Silver

I expect that prices will rally far higher and substantially exceed $30 and probably $50 by 2016 or 2017. Of course I have no proof, but as the world falls deeper into Twilight Zone craziness, war escalates, debt inevitably increases, and political stability deteriorates, the investment demand for silver will rise as confidence in fiat currencies declines. Much higher silver prices are all but guaranteed within several years.

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Gold And Silver Price: Another Quiet Week?

| April 20, 2015 | Category: Price
Gold And Silver Price: Another Quiet Week?

For the week commencing April 20th, there are a limited number of economic data of importance to the metals. There is no central bank announcement scheduled, as seen in the table below. Wednesday or Thursday could shake markets with the home sales data in the US, although we do not expect this to be of great impact to the metals. Germany is planning to release its economic sentiment (Tuesday) and business climate index (Friday) but that should not be of any significance to the metals. The most likely scenario is to see a continuation of the consolidation pattern in gold and silver.

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