RSSCategory: Category: Price

Banker’s Grip On Gold And Silver Not Over Yet

| February 21, 2015 | Category: Price
Banker’s Grip On Gold And Silver Not Over Yet

There are approximately 156 weekly bars on this chart going back almost 3 years. There are only 5 other weekly closes lower than last week. Clearly, the facts of price behavior give evidence of a weak market. It does not matter what your beliefs may be of the underlying “fundamental facts.” The existing reality of current pricing is all that counts. The difference between the fundamental facts and current price is not in harmony, for whatever reason, but it is how the market, in total, is pricing silver that counts. Always go with existing price as the most accurate measure. Opinions vary. Price is.

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Gold At Critical Support Level. Will It Hold?

| February 19, 2015 | Category: Price
Gold At Critical Support Level. Will It Hold?

Gold has pulled back to the median line of the red modified-Schiff pitchfork and almost to the lower median line of the blue modified-Schiff pitchfork. In addition to these potential support levels we have the round-number at $1200.

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Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

| February 17, 2015 | Category: Price
Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

The race to the bottom continues unabated in the currency wars. And, no matter where you live, if you are stupid enough to believe the rhetoric being spewed out by politicians then you deserve to suffer the consequences. Unfortunately, you have to have a financial insurance policy that will save you from the actions of the current financial and political elite. While there are lots of great options available, owning physical gold and especially silver should be an essential part of this policy.

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Events Impacting Gold And Silver In The Week Of February 16th

| February 16, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 16th

For the week commencing February 16th, there are quite some economic data coming out. Three central bank announcements are planned: a press conference of the Bank of Japan, the meeting minutes of the Bank of England as well as the release of the meeting minutes of the U.S. Fed meeting of two weeks ago. Some wild gyrations in markets and metals are possible on Wednesday.

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17 Gold And Silver Charts Forecasting No Rally Is Coming (Yet)

| February 14, 2015 | Category: Price
17 Gold And Silver Charts Forecasting No Rally Is Coming (Yet)

While the 17 charts in this article are not compelling, they do provide a perspective that clearly says gold is unlikely to turn around and change trend regardless of whatever news you may read or some pundit claiming an upside move is imminent, or worse, already underway. The charts do not lie.

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Gold Bear Market About To End In 2015?

| February 10, 2015 | Category: Price
Gold Bear Market About To End In 2015?

It is interesting to compare the ongoing bear market with similar downtrends in the past. The ongoing bear market is close to being the second longest in the last 40 years. The end should be rather close. From that point of view, it is acceptable to believe that 2015 will mark a long term bottom.

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Events Impacting Gold And Silver In The Week Of February 9th

| February 9, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 9th

For the week commencing February 9th, there is a very limited number of economic data coming out. No central bank announcements are planned. If gold and silver will be moving, it will not be because of economic or monetary data. As the table below indicates, retail sales will be released in the U.S. on Thursday, while Germany will publish their GDP growth on Friday. The precious metals are vulerable lately. That is, in our opinion, not because of economic data, but because of futures positions in the COMEX market. As we have shown a week ago, commercials have accumulated short positions at an astonishing rate. That is the real reason why gold’s rally is “capped.”

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Why Gold Fell 2.5 pct On Friday

| February 8, 2015 | Category: Price
Why Gold Fell 2.5 pct On Friday

Gold benefits from falling rates and a weaker dollar. It got hurt on both fronts on Friday. The big jump in rates pushed the dollar sharply higher. That combination pushed gold $31 dollars lower (a loss of -2.5%). The first chart shows gold falling back below its 200-day average on rising volume. Gold shares also fell. The second chart shows the Market Vectors Gold Miners ETF GDX losing -5.5% at week’s end which kept it below its 200-day moving average. Gold stocks have been market leaders during the first two months of the year. Higher rates might change that.

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Forget The News. Charts Suggest Silver Price 12 to 14 And Gold 1,000 to 1,100.

| February 7, 2015 | Category: Price
Forget The News. Charts Suggest Silver Price 12 to 14 And Gold 1,000 to 1,100.

The trend is down irrespective of all the positive news, charts, graphs, and other news writers specializing PMs, especially those so quick to jump the gun and declare a new bull move is underway. The dark horizontal line used to be support but is now resistance. At best, silver is in a bottoming process, and it is yet to be determined if the low has been established for one certainly has not been confirmed.

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Gold Price: Experts Underline Importance Of Decoupling From Dollar

| February 5, 2015 | Category: Price
Gold Price: Experts Underline Importance Of Decoupling From Dollar

Earlier this week, we provided a summary of the key investment insights from 6 top fund and money managers, including Jim Rickards and Ronald Stoeferle, during the recent Incrementum Advisory Board. Part of that discussion was the analysis of the recent action in the gold price. This article highlights the key thoughts in that respect.

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Gold And Silver Intraday Charts Evidence Of Manipulation

| February 5, 2015 | Category: Price
Gold And Silver Intraday Charts Evidence Of Manipulation

The fact that two assets with totally different fundamentals can move in the same rhythm is very odd indeed, at least if one looks at it from a real world perspective. And that is the clue of manipulation: gold and silver prices are largely disconnected from the real world, they are simply the result of speculative trading.

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Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

| February 3, 2015 | Category: Price
Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

So far this year the price gold has risen against all major currencies, including the US dollar, with the price above 200-day and 50-day moving averages in bullish formation. To date from its lows gold has risen by up to 13% against the USD, 18% against the pound, 30% against the euro, and 32% against the yen. And, the rise against weaker emerging market currencies has been correspondingly greater. The rising gold price is an early warning of future monetary and currency turmoil. And, as the major central banks around the world continue to print enormous amounts of money, an increase in the demand for physical gold can be expected.

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Events Impacting Gold And Silver In The Week Of February 2nd

| February 2, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 2nd

For the week commencing February 2nd, there are some economic data to be released which could create some volatility in the markets, although presumably not directly in the precious metals complex. As the table below indicates, employment statistics will be released in the U.S. and Canada this week. The U.K. is planning to announce an interest rate decision which could create some turmoil in currencies, although not directly in gold. The influence of late on gold and silver prices is likely to be driven by volatility in the stock market and currencies.

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Gold’s Sharp Rebound Could Indicate A Throwback

| February 2, 2015 | Category: Price
Gold’s Sharp Rebound Could Indicate A Throwback

GLD fell back last week with a sharp decline on Thursday, but rebounded right away on Friday. This sharp rebound indicates that the decline might be a “throwback” to broken resistance, which turns support. The red lines mark a Raff Regression Channel to define the six day downswing. A follow through move above 124is needed to end this pullback and signal a continuation higher. The second chart shows the Silver ETF (SLV) testing the breakout zone in the 16.5 area.

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