RSSCategory: Category: Price

Probability for A Lower Low In Gold And Silver Price Has Increased

| January 31, 2015 | Category: Price
Probability for A Lower Low In Gold And Silver Price Has Increased

We have refrained from putting a time frame on when silver and gold will finally
break free from the manipulative forces, but 2015 could be a defining year. It
remains to be seen, but events are unfolding at such an increased level and so
unpredictably that this could be the year. We did not say this in 2013 nor in 2014,
and it may take going into 2016, but be prepared, or you will not be spared.

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Gold: COT Report Flashes Yellow Flag

| January 29, 2015 | Category: Price
Gold: COT Report Flashes Yellow Flag

The change of the commercial shorts relative to the gold price rally of the last couple of weeks has been remarkable. Commercial shorts are at the highest level since February 2013. Their stopping power has become clear in today’s price decline. As we noted earlier today, the price of gold should hold above $1,200 to counterbalance the sell off. If gold were to fall below that level, it would not bode well for the metals in the short and intermediate term.

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Gold Price Pulls Back And Tests 200 Day MA

| January 29, 2015 | Category: Price
Gold Price Pulls Back And Tests 200 Day MA

Today Gold is testing a major horizontal support / resistance line. I am a believer in the 200 DMA acting as support or resistance. The whole April to September 2014 was a battle along the 200 DMA . We’ll find out in the next few days if Gold can get a bounce here. If the $USD was to stop rising that could give GLD the tailwind it might need to break this trend of lower highs.

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Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

| January 27, 2015 | Category: Price
Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

The US stock market is showing increasing volatility on lower optimism for good earnings growth. Gold is continuing to gain momentum as the 20 and 50 day moving averages turn positive. A golden crossover of the 50 and 200 day could be only a week or two away. Its been a rough four years for junior mining investors as the Venture hits 2008 and 2002 lows. However, there could be a good chance from both a technical and fundamental standpoint that the correction cycle in precious metals is coming to a conclusion.

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Why Gold Is Set To Move Higher

| January 26, 2015 | Category: Price
Why Gold Is Set To Move Higher

Gold is making a determined come-back in financial markets because it is more real than paper fiat currencies backed only by the faith, credit, and the lies of insolvent central banks and sovereign governments. Gold is approximately $150 higher than its early November low and still long-term UNDERVALUED. Paper promises, paper currencies, and official pronouncements from central banks and governments are looking less real, more vulnerable, and likely to weaken further in 2015 and 2016.

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Events Impacting Gold And Silver In The Week Of January 26th

| January 26, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of January 26th

For the week commencing January 26th, there are some key developments which could create volatility in the precious metals complex. First, the results of the Greek elections are going to impact the Euro, and, consequently, also gold. Next, several economic data will be released, including GDP in the U.S. and CPI in Europe. Most importantly, however, is the U.S. Fed announcement on Wednesday in which some clues about future monetary policy and, in particular, a potential interest hike are expected.

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Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

| January 22, 2015 | Category: Price
Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

A truly interesting trend is visible on the following chart. With the Euro being hit hard today, the U.S. Dollar was on the rise, as indicated with the blue line on the chart below. As readers can see, in the last 4 weeks Dollar gold has been rising along with the U.S. Dollar. Historically, both assets have been negatively correlated. If gold can continue climbing higher during a Dollar bull market, it indicates great strength for the metal. In our opinion, it also confirms gold’s safe haven nature, something the market has denied consistently in the last 2.5 years.

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Gold: Ride the Bucking Bull to $1340 Next?

| January 22, 2015 | Category: Price
Gold: Ride the Bucking Bull to $1340 Next?

From our vantage point, the roadmap for gold is relatively clear: a break and close above the bearish trend line at $1300 should pave the way for another leg up into resistance in the $1340 zone, while a reversal off the current resistance level could take the yellow metal back down toward 200-day MA support near $1250. This could be one of those rare times that the market presents a crystal clear setup, and the only part left to traders is to follow the price action, wherever it leads.

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Gold Price Catching A Bid

| January 21, 2015 | Category: Price
Gold Price Catching A Bid

A combination of global factors appear to be pushing some money back into gold. Rising stock volatility during 2015 also increases the appeal of safe-haven assets like gold.

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Gold Market Momentum In 7 Great Charts

| January 20, 2015 | Category: Price
Gold Market Momentum In 7 Great Charts

The gold market currently looks very strong on the charts. We collected 7 great precious metals charts.

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Gold Price Model Says Gold Is Still Undervalued

| January 19, 2015 | Category: Price
Gold Price Model Says Gold Is Still Undervalued

The price of gold closed on Friday, January 16 at approximately $1,276. My model indicates that price is still too low by about 16% and therefore the probability is that the price of gold will rally substantially in the next several years.

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Events Impacting Gold And Silver In The Week Of January 19th

| January 19, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of January 19th

For the week commencing January 19th, there is are some key economic data releases on the agenda which are not very likely to cause significant volatility in gold and silver prices. However, all focus this week is on the European central bank who will announce two things. First, an interest rate decision is scheduled. Second, a monetary stimulus package could be announced, some sort of bond buying program. All eyes are on the ECB President on Thursday who is likely to cause volatility in stock markets, currency markets and precious metals.

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Gold Price Exploding In All Currencies Worldwide

| January 18, 2015 | Category: Price
Gold Price Exploding In All Currencies Worldwide

Gold and gold stocks are on the move after the surprise move from the Swiss National bank to remove its currency cap versus the euro this week. This highlights gold’s valuable role as a store of value when currency volatility destroys purchasing power as it has in many parts of the world over the past year. There is a rule of thumb which says that, if gold is rising in at least 3 major currencies, there is a bullish environment. Well, here are the facts and the figures. The charts below highlight gold in several major currencies. The yellow metal has rocketed higher, not only in all of those currencies, but in literally every currency worldwide.

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Gold And Silver Rally On Swiss National Bank News. Is This A Trend Change?

| January 17, 2015 | Category: Price
Gold And Silver Rally On Swiss National Bank News. Is This A Trend Change?

It would seem that last week’s rally in gold was Swiss National Bank-driven, plain and simple. It is difficult to get a handle on the ramifications of what just happened with the Swiss “unpegging” from the Euro. It was becoming prohibitively expensive for the SNB to keep buying Euros and trashing their own economy in the process. Ostensibly, this is a tale of a central bank telling the US and the rest of the EU, enough! We have had it, and we are now going to be more fiscally responsible. Right. Just after opting not to have the Swiss franc backed proportionately by gold, a move that would have been […]

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