Author Archive: Gold Silver Worlds

These are the authors of te News Desk of GoldSilverWorlds.com. Based on several years of experience and research, the network behind GoldSilverWorlds.com created a trusted guide of verified Gold & Silver websites, online services and articles. Providing top quality and trusted sources is the primary objective; helping create awareness about Gold & Silver among people worldwide is the aimed result.

rss feed

Author's Website

Gold Attracting Safe Haven Buying

Gold Attracting Safe Haven Buying

February Gold has reached the highest price levels since early October, leaving the 100 day moving average further behind. More talk that the sharp decline of oil hits severe global slowing have brought safe havens center stage. Metals are gaining despite strength in the Dollar and modest gains in equities in the last days. Seasonal buying has supported gold, as well as increased interest in mining shares over the last days and precious metals ETFs.

Continue Reading

Seasonality Is Supporting Gold In The Weeks Ahead

Seasonality Is Supporting Gold In The Weeks Ahead

The chart shows the seasonal pattern for gold. Notice that gold gained an average of 2.1% in January and is up 55% of the time. February was also a positive month, but March has been a very negative month for bullion.

Continue Reading

Gold Breaks Above Its 6 Month Downtrend Line

Gold Breaks Above Its 6 Month Downtrend Line

The Gold Tracking ETF GLD finally broke above a downtrend line today. The chart shows that gold broke above the 6 month downtrend line. However, it is still trying to break above the red trend line which would mark a breakout above a basing area for GLD.

Continue Reading

Events Impacting Gold And Silver Prices In The Week Of January 12th

| January 12, 2015 | Category: Price
Events Impacting Gold And Silver Prices In The Week Of January 12th

For the week commencing January 12th, there are some key economic data releases on the agenda which could cause significant volatility in the gold and silver price. There is no major central bank speech on the agenda. Below is a more detailed calendar of economic data in key markets. There is a possibility of increased volatility on the days of the CPI figures (in the U.S., Europe, and the U.K.), although we do not expect major surprises there. We are clearly in a low inflation environment, which is not likely to change in the short run.

Continue Reading

Big Bullish Gold Bet With Call Options On Friday Jan 9th

Big Bullish Gold Bet With Call Options On Friday Jan 9th

Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust ETF gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited time until March 2015, it’s obvious that the option trade was a bold, directional bet expressing the view that Gold might appreciate up to $130-$135. The amount committed to the trade was $10+ million. If the price of GLD reaches the range $130-$135 before expiration, this pro trader will make between 300% and 600% of his investment or $20-$50 million net profit.

Continue Reading

Gold Investors Weekly Review – January 9th

Gold Investors Weekly Review – January 9th

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 $1,221.6 up $35.4 per ounce (+2.96%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 0.92%. The U.S. Trade-Weighted Dollar Index rose 0.92% for the week.

Continue Reading

Gold Broke Out But Will It Hold?

| January 8, 2015 | Category: Price
Gold Broke Out But Will It Hold?

Gold broke out of its downtrending channel this week. Today’s small pull back has not created any damage yet. However, the price of gold should not correct more in order to confirm is breakout. The GLD daily price chart shows the breakout at 116. Support should hold at 116, a level it touched today at the end of the trading session. The coming days will be important for gold.

Continue Reading

Gold Price In Euro Breaks Out, Pierces €1000

| January 6, 2015 | Category: Price
Gold Price In Euro Breaks Out, Pierces €1000

The price of gold is showing encouraging signs. A basing pattern, which has been in the making for a year and a half, seems to be fully intact, contrary to the doomsday prophecies of mainstream media which predicted $800 gold. The Euro gold chart for 2013 and 2014 shows the breakdown of early 2013, followed by a stabilization period. That could be coming to an end as of this week. gold is attempting to break above the long term resistance line.

Continue Reading

The Price Of Gold In Case Of A Grexit: 2011 vs 2015

| January 5, 2015 | Category: Price
The Price Of Gold In Case Of A Grexit: 2011 vs 2015

I have no idea how the Greek elections will affect gold, but I do think any signals we need will show up on the price chart. Yes, turn off the TV and turn on the chart. Note that the long-term trend is down because gold hit a new low in early November. This means the bounce from 1140 to 1240 is a counter-trend move and the break below 1180 is bearish until proven otherwise. Gold has yet to continue lower as prices firmed the last two weeks, but I would like to see a break above 1220 to negate this bearish signal and consider a bullish alternative.

Continue Reading

Gold Investors Weekly Review – January 2nd

Gold Investors Weekly Review – January 2nd

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 $1,187.88 down $8.12 per ounce (-0.68%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 3.72%. The U.S. Trade-Weighted Dollar Index rose 1.20% for the week.

Continue Reading

Gold And Silver Long Term Trendlines Going Into 2015

| January 2, 2015 | Category: Price
Gold And Silver Long Term Trendlines Going Into 2015

As requested by one of our readers, we provide in this article an update of the long term gold and silver charts. The charts show the recent price breaking out of the major uptrending channel since the start of the secular bull market in 2001. These charts could suggest that the ongoing correction could be “balancing off” the extended rise of 2011. However, there is not too much time left for the price of the metals to reverse its course. If the precious metals do not reverse their trend somewhere in 2015, then the long term trendline has been invalidated. Time will tell.

Continue Reading

Japan Is Writing History As A Prime Boom And Bust Case

| December 30, 2014 | Category: Economy
Japan Is Writing History As A Prime Boom And Bust Case

Given the data points discussed in this article, it is fair to say that Japan is on track for a devastating bust at some point in the future. The unknown factor is timing. When the inevitable will take place is anyone’s guess. The fate of countries like Japan is really in the hands of central bankers. However, central planners are not able to manipulate markets infinitely. At a certain point, something has to give. That is when the markets will give up and disbelief will replace trust. Readers should remember that in such a bust scenario, people flee down the Golden Pyramid of asset classes to their safe haven, being gold.

Continue Reading

Gold And Silver Get Short Term Oversold Bounce

Gold And Silver Get Short Term Oversold Bounce

The Gold SPDR got a big bounce on the 26th, but remains in a downtrend overall. The upper line of the Raff Regression Channel marks the first resistance area in the 115.2 area. I will leave key resistance in the 116-116.5 area for now. The Silver ETF has resistance in the 15.5-15.7 area.

Continue Reading

Gold Investing – Weekly Review December 26th

| December 27, 2014 | Category: Investing
Gold Investing – Weekly Review December 26th

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 $1,196.00 down $0.35 per ounce (-0.03%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 1.66%. The U.S. Trade-Weighted Dollar Index rose 0.50% for the week.

Continue Reading