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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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Gold Prices In 2020?

Gold Prices In 2020?

History and current actions justify the expectation that governments and central banks will increase debt, devalue fiat currencies, and thereby force gold and silver prices much higher. Convert digital dollars, yen, pounds, and euros into gold and silver while you can. Current “on sale” prices will not last much longer.

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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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Dollar Danger Zone

| April 30, 2015 | Category: Price
Dollar Danger Zone

Could the dollar index strengthen and rally further? Almost anything is possible in central bank managed currency, bond, and equity bubbles, but this looks like a danger zone for the dollar.

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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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Are Gold Bears Starting To Wake From Hibernation?

| April 22, 2015 | Category: Price
Are Gold Bears Starting To Wake From Hibernation?

As we go to press, gold is testing the bottom of its triangle pattern near 1186, but if that level is conclusively broken, a quick move down to 1180 is in play later this week. From a longer-term perspective, a breakdown from the triangle would suggest a measured move objective all the way down to the year-to-date low at 1140. Of course, gold may still manage to bounce from the bottom of its triangle today, but unless we see a bullish breakout above resistance at 1200, the odds favor an awakening for the bears that have been hibernating throughout the first three weeks of April.

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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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Gold: 43 Months into a Bear Market, But It Continues to Tease

| April 21, 2015 | Category: Price
Gold: 43 Months into a Bear Market, But It Continues to Tease

Gold, now well into year four of a bear market, continued its familiar pattern on Monday: one step up, two steps back. My long-term correction target remains $810, although I’ll always keep an open mind about trading from the long side, or even initiating a long-term bet, whenever gold is merely creating bullish impulse legs on the hourly chart. For perspective, however, it would take a run-up to 1347, nearly 13% above these levels, to turn the weekly chart unambiguously bullish.

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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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Gold And Silver Are Going Nowhere

| April 18, 2015 | Category: Price
Gold And Silver Are Going Nowhere

There is always news going on everywhere, none of it positive for the United States or for Americans, and none of it positive for the rest of the Western world. There is nothing that we can relate to for the prospects of gold and silver. The charts are in stall status as the following illustrate, but even at that, the reasons for acquiring and holding physical PMs has not changed.

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