Tag: gold price

COMEX Gold Again Capped A Rally. Gold’s 2 Downside Targets.

COMEX Gold Again Capped A Rally. Gold’s 2 Downside Targets.

Gold was looking good until last week Wednesday, October 28th. It must be a coincidence that the COMEX futures gold price always drops significantly on the day of an FOMC meeting / announcement. Right now, gold sits on its 50 day moving average (DMA). If support fails, our downside target becomes $1125 at the lower median line of the blue modified-Schiff fork. The lower median line of the red modified-Schiff fork is around $1050.

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Month-End Technical Review For Gold And Silver

| October 31, 2015 | Category: Price
Month-End Technical Review For Gold And Silver

Twelve times a year, we get to present the monthly charts in order to keep a higher time frame perspective. Higher time frames are much harder to turn and change trend, so it pays to always be aware of what a monthly chart is indicating. A fact that all can agree on is that price is at recent lows when compared to the 2011 highs. That indicates the trend is down. It would be impossible to argue otherwise, whether one is an experienced chart reader or has no experience.

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Russia and China Increase Gold Holdings As Central Banks Continue Loose Monetary Policies

| October 27, 2015 | Category: Investing
Russia and China Increase Gold Holdings As Central Banks Continue Loose Monetary Policies

Gold offers that same traditional hedge to individual investors as well as central banks. Today’s financial system where unelected central banking elite conjures trillions of dollars and euros out of thin air cannot continue forever. It has an expiration date. And, gold with its millennia-long history is making a comeback.

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Technicals: Gold Working Its Way Higher

Technicals: Gold Working Its Way Higher

Gold is working its way higher with a nice pullback to what should be support along the median line of this modified-Schiff pitchfork. This chart is meant to emphasize the failed triple-bottom zone where, IMO, a significant amount of resistance can be expected. After a multi-year downtrend many people were expecting the $1180’ish level to be the bottom. When it failed in late-2014 sentiment became very dark which of course set the stage for a quick rally up to $1300. Breaking above this triple-bottom zone and establishing it as support again will be a major milestone.

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Elite’s NWO Secretly Operates In The Open. Gold And Silver Charts.

| October 25, 2015 | Category: Investing
Elite’s NWO Secretly Operates In The Open. Gold And Silver Charts.

With the manipulated markets, the globalist’s central bankers are doing what they can to prop up the failing “dollar.” Within the space of a month, the fiat dropped from 97 to 94 and then rallied back above 97 for no discernible reason, surely not one that made sense. For as long as the chart of the sickly fiat “dollar” can give the appearance of ‘health,’ gold and silver are unlikely to rally. That said, anything is always possible, so gold and silver should be treated independent of this development.

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Gold’s Bullish Flag Breakout Targets $1200

| October 22, 2015 | Category: Technicals
Gold’s Bullish Flag Breakout Targets $1200

Despite a modicum of weakness today, gold’s technical outlook remains optimistic in the near-term. After peaking near 1190 last week, gold has nudged its way back down to 1165 as of writing. The shallow, controlled pullback after the big rally of the previous days has created a clear bullish flag pattern. It’s worth noting that, despite its name, this pattern is only seen as a bullish sign if we see a breakout above the top of the flag (currently near 1180).

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Gold Analogue: Then and Now

| October 22, 2015 | Category: Price
Gold Analogue:  Then and Now

Gold prices can be amazingly volatile, especially when fear increases and a majority of people lose confidence in debt based fiat currencies, central banks, and politicians. If the analogue continues for several more years, we might see gold prices increase by a factor of five to ten into the $5,000 to $10,000 range in five to seven years (double the 3.5 year rally in the 1970s). We should not expect this analogue to predict gold prices, but we should NOT discount the possibility of a similar pattern unfolding.

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Gold Price Strengthening as Debt Ceiling Debate Heats Up … Again

| October 19, 2015 | Category: Price
Gold Price Strengthening as Debt Ceiling Debate Heats Up … Again

Since President Obama’s inauguration in 2009, the federal debt held by the public has soared by 107%, according to recent data published by the Treasury Department. In raw dollars, Obama and his allies in Congress have burdened families with an additional $6.7 trillion in debt. That’s equivalent to more than $57,000 per household. Now the Obama administration is hoping to extract one last debt deal out of the retiring GOP Speaker.

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Gold: Third Time’s The Charm? Amazing Chart.

| October 19, 2015 | Category: Price
Gold: Third Time’s The Charm? Amazing Chart.

Gold has broken above its 200-day average for the first time in 100 days once again. That’s the third time in the past five years. It has had multiple failed breakouts after being below its 200-day average for more than 100 days several times in the past 40 years. The third time it managed to break above its average coincided with sustained rallies during the next 1-3 years.

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Will The Gold Price Close 2015 with a Gain?

| October 17, 2015 | Category: Price
Will The Gold Price Close 2015 with a Gain?

After its stellar performance this week, gold might do something it hasn’t done since 2012—that is, end the year in positive territory. Responding to a weaker U.S. dollar, continued contraction in global growth and wide speculation that interest rates will stay near-zero for the remainder of the year, the yellow metal broke above its 200-day moving average and is close to erasing its 2015 losses.

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Why Obama Is Bullish for Gold And Silver

| October 17, 2015 | Category: Price
Why Obama Is Bullish for Gold And Silver

Ironically, we see Obama as a positive influence on gold and silver, for none of this will end well as the increasingly internationally shunned US tries to make the changes it wants to see, when such misdirected efforts backfire and only add fuel to the fire. Gold has had stronger rallies, such as starting from the end of June 2013, to keep a perspective on current market activity and not get overly swayed that a final bottom is in place. What bears closer scrutiny now will be the character of any reactions.

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Precious Metals Complex Breaking Downtrend

| October 16, 2015 | Category: Price
Precious Metals Complex Breaking Downtrend

The precious metals sector has enjoyed decent gains over the last two weeks. The two charts below learn that three out of the four major assets within the Precious Metals sector have broken out from their downtrends (only GDX lags).

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How To Know When Gold’s Bull Market Has Resumed?

| October 15, 2015 | Category: Price
How To Know When Gold’s Bull Market Has Resumed?

We are closely watching gold’s 90 week moving average (WMA), which was broken in December 2012, and, by doing so, confirmed the start of gold’s bear market. The 90 WMA comes in at $1226.96 /oz, and it will be a critical test for the precious metals complex. At least 3 weekly closes above its 90 WMA will prove to be a confirmation of gold moving out of its bear market.

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Gold Bottomed After Recovering From Its 50% Retracement?

| October 15, 2015 | Category: Price
Gold Bottomed After Recovering From Its 50% Retracement?

The monthly bars in the chart show that the spot price of gold has retraced exactly 50% of its ten-year bull market between 2001 and 2011. The fifty percent retracment line often acts as a major support level. It’s also noteworthy that the RSI line has been trending sideways near oversold territory. All of which suggests that precious metals may be scraping bottom.

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