Tag: gold price

Gold, National Debt, And Debt Limit Correlated For Over Six Decades

| April 1, 2014 | Category: Price
Gold, National Debt, And Debt Limit Correlated For Over Six Decades

Gold, the national debt, and the “debt limit” have tracked each other fairly well since the year 2000. As you can see gold was “too high” in 2011, compared to the red line of national debt, and is now “too low.” However, we can depend upon congress to borrow and spend, and gold prices will rise to reflect that reality. In case you are interested, the data back to 1950 is similar – gold, the national debt, and the “debt limit” have followed each other, more or less, for over six decades. Is there any reason to expect this pattern to change?

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It’s A Precarious Time For Gold

| March 29, 2014 | Category: Price
It’s A Precarious Time For Gold

The Cycle count still supports the possibility of a bullish Day 34 – 2nd DCL here. But in all honesty, it’s not a position one should be taking seriously here because it requires taking a considerable amount of risk. And even a DCL right here is no guarantee of strong performance. A 3rd Daily Cycle would need to rally almost $100 just to break new highs and the risk of it falling well short and topping early is very real.

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The Changing Prices of Gold

The fact is gold is most definitely seen as a smart investment by most but are there other places to put your money? The past five years of near global economic uncertainty has seen a surge in interest from people trying to find the best financial and investment advice. Investment trusts are a superb way to put your money into multiple shares so that you can spread your investment however you see fit, all the while keeping it safe if one investment falls.

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Gold Price Projection by the Golden Ratio

Gold Price Projection by the Golden Ratio

The Golden Ratio has accurately predicted all the Gold major turning points these last thirty years and it seems reliable for making future projections. It is one of the techniques that can be used but the most important is to understand the structure and the rhythm of the market to forecast future developments not only in terms of the dimension of Price but also of the dimension of Time. In order to gain superior returns, it is essential to study the history of the market and to follow the price action.

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Rick Rule: Ownership Of Gold Is Critical To Your Wealth Next Years

Rick Rule: Ownership Of Gold Is Critical To Your Wealth Next Years

Rick Rule, Chairman of Sprott Global Resource Investments Ltd., answered 10 questions on precious metals investing and gold miners. He says: “The gold price rally will not necessarily continue through 2014. But as an investor with an outlook of three-to-five years, I believe ownership of gold will be critical to maintaining your wealth in the next few years.”

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Manipulation Cannot Avoid Gold To Rise Significantly

Manipulation Cannot Avoid Gold To Rise Significantly

Manipulation cannot avoid gold to rise significantly. We are in my opinion in the first correction of this big bull market which started in 2001. Let be now or in one year, gold will continue to rise in the years ahead. It is connected with the problems of the financial situation of the world; the world is overly indebted in the US, Europe, Japan and China. Gold is a store of value, it is not credit based, so it can benefit greatly from this situation.

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Gold’s Golden Cross Not Necessarily Positive Technical Signal

| March 24, 2014 | Category: Price
Gold’s Golden Cross Not Necessarily Positive Technical Signal

As we can see on the above chart a golden cross is about to be formed this week. However, before we bet the ranch on gold prices making a moon shot we might want to take a look at what happened when this cross appeared previously on the gold chart. It took place around September 2013 and as we can see things turned to custard with gold prices peaking and then falling from $1650/oz to $1200/oz in June 2014.

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Gold And Silver Could Be In Trouble

| March 24, 2014 | Category: Price
Gold And Silver Could Be In Trouble

Up until today I was open to the idea that Gold has bottomed but if we don`t find support on near the daily RSI on gold then I think we`re heading back to the lows. It`s too early to make that conclusion as Gold will at least have an attempt to take our recent highs and if it fails there then it`s going to be tough for gold traders. If it breaks and closes above that level then this will likely trade up to the $1400-1460 range before any meaningful resistance.

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Gold Price Performance After Golden Crosses In The Last 4 Decades

| March 23, 2014 | Category: Price
Gold Price Performance After Golden Crosses In The Last 4 Decades

This is not to say that gold will inevitably move lower in the days and months ahead. We only point out that history has shown that a golden cross has mostly not resulted in significantly higher prices, except in some exceptional cases. On the other hand, the correction of the last two years has been rather exceptional, which is in favor of at least a technical recovery of gold. So the signals are mixed for the time being. It is critical to monitor the reaction of technical and sentiment indicators on ongoing price evolution in the weeks and months ahead.

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Experts Still Wrong About Strong Upside Movement In Gold And Silver

| March 22, 2014 | Category: Price
Experts Still Wrong About Strong Upside Movement In Gold And Silver

Amidst the sometimes “wildly” bullish attitudes toward gold, from a number of experts, so-called or self-professed, gold has not made any strong inroads on the weekly chart, a time frame more indicative of overall stronger buyers and sellers.

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Why Copper Could Be A Challenge To The Gold Price

| March 20, 2014 | Category: Price
Why Copper Could Be A Challenge To The Gold Price

With Chinese dollar shorts in clear dysfunction, there may be further gold spillover ahead, particularly as copper gets hammered. Will the safety bid under gold, evident since QE taper, be enough to offset some or all of this copper/China mess?

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US Fed Continues Tapering, Gold Down on Dollar Rally

| March 19, 2014 | Category: Price
US Fed Continues Tapering, Gold Down on Dollar Rally

The rally in the Dollar, along with higher interest rates resulted in a barrage of selling in gold as bulls rushed for the exits. The result was a clean break of the first level of chart support noted on the chart. The selling did not abate until gold reached the secondary support level noted. This level had better hold or gold is going to fall back closer to $1300.

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Gold And Silver Pull Back Slightly As Crimea Tensions Ease

| March 18, 2014 | Category: Price
Gold And Silver Pull Back Slightly As Crimea Tensions Ease

Gold and silver closed slightly lower today. Tensions in Crimea seem to ease a bit, although the issue between Russia and Ukraine is evolving towards a military rather than a political affair. In addition, the relationship between Russia and the US is deteriorating visibly. Tomorrow is the announcement of the two-day FOMC meeting, scheduled at 19h GMT. Based on the previous FOMC meetings, it is obvious that volatility will be the theme of the day.

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Watch Gold Sentiment For A Confirmation Of Its New Bull Market

Watch Gold Sentiment For A Confirmation Of Its New Bull Market

The latest figures, released this weekend, show that gold’s sentiment is 75% and silver 50%. As always, when a market shrugs off its typical reaction during a market cycle, then the probability increases that that market cycle has changed…meaning that if gold can hold steady in the coming weeks in spite of high sentiment levels, then the case for a new bull market will be bolstered even further.

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