Category: Gold and Silver 2013
The analysis published under this category are as follows.
Tuesday, November 19, 2013
Gold, Silver Prices and Mining Stocks About To Sell Off Again / Commodities / Gold and Silver 2013
By: Chris_Vermeulen
A couple weeks ago I posted these same charts talking about the pending breakout (in either direction) with silver, gold and mining stocks. Fast forwarding to this week its clear this sector continues its struggle to rally. Key support levels are now being tested and if these levels fail prepare for a sharp correction with mining stocks showing the most downside potential of roughly 25% for the GDX ETF trading fund.
Tuesday, November 19, 2013
Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats Are Flawed / Commodities / Gold and Silver 2013
By: The_Gold_Report
Demand for gold bars, coins and jewelry increased to multiyear highs in the first half of 2013, but was offset by outflows from exchange-traded funds, according to the World Gold Council, which produces a quarterly Gold Demand Trends Report and recently released the first-ever Direct Economic Impact of Gold Report. Sprott Securities founder Eric Sprott questioned those statistics in a call-out on his website. He figures that the demand for gold is actually 3,000 tons more than the annual supply, and therefore the gold price will soon be much higher. What is the true demand for gold? How much is really available in any given year? Does supply and demand really determine the price of gold anymore? The Gold Report called Sprott and John Gravelle, global and Canadian mining leader for PwC, which produced the report for the World Gold Council, to find out.
Monday, November 18, 2013
Bearish Bets on Gold Hiked Aggressively But Prices Move Sideways / Commodities / Gold and Silver 2013
By: Adrian_Ash
LONDON prices for gold reflected subdued dealing Monday morning, slipping 0.9% to $1279 by lunchtime as silver and other commodities also dropped but major government bond price edged higher.
European shares drifted lower as well, but the MSCI World index was pulled up to 6-year highs by a sharp rise in Chinese equities.
Monday, November 18, 2013
COMEX Gold Claims per Ounce Hit 69 to 1 / Commodities / Gold and Silver 2013
By: Jesse
Nothing much of note in the metals today as they continued to bump into overheard resistance.
There was little movement of gold bullion in or out of the Comex warehouses.
I had asked Nick Laird of Sharelynx to check his figures and it turns out that the 'claims per ounce' from yesterday were a bit light at 63. That did seem very little for a 51,000 ounce change in registered inventory.
Sunday, November 17, 2013
Gold And Silver When Fundamentals Fail And Charts Prevail / Commodities / Gold and Silver 2013
By: Michael_Noonan
There is a decline in the number of reads in our articles that do not provide a fully developed "fundamental" story about why gold and silver should be much higher in price, [but are not]. Relying upon charts to more accurately capture the developing "story" does not capture the imagination of as many readers, for whatever reason. We attribute this to Confirmation Bias where a reader wants to read an article that confirms his/her beliefs The accuracy/validity/truth may or may not be true, but is satisfies an emotional need for affirmation.
Saturday, November 16, 2013
Will Gold follow Gold and USD Higher? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
In our most recent article on gold, USD and Euro Indices we wrote that the outlook for the yellow metal was bearish just as the outlook for the Euro Index and just as it was bullish for the USD Index. At this time - since all of the above-mentioned markets moved in the opposite way - you might be wondering if we are sticking to the above analysis. In the medium-term, we do, but not in the short run. In fact, earlier this week we told our subscribers to cash in the profits from the short positions as the bullish correction was quite likely to be seen.
Friday, November 15, 2013
Gold Flows East As Three Pieces Of Bacon Sell For €105 Million / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,281.75, EUR 953.99 and GBP 797.65 per ounce. Yesterday’s AM fix was USD 1,266.00, EUR 951.25 and GBP 798.75 per ounce.
Gold rose $14.40 or 1.13% yesterday, closing at $1,294.07/oz. Silver hit a high $20.90 and closed the day with a gain of $0.25 closing at $20.81.
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Friday, November 15, 2013
Gold and Silver Wheels are Turning and You Can't Slow Down / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
We are aboard a speeding train that cannot speed up - neither can it slow down - due to fiat, default, and what will be remembered as the greatest credit fiasco in history. And the road is ending just up ahead. You can't go back and you can't stand still...
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Friday, November 15, 2013
Reasons to be Bullish on Gold / Commodities / Gold and Silver 2013
By: DailyGainsLetter
Mohammad Zulfiqar writes: Gold has gained a significant amount of negative attention lately, being called a “slam-dunk sell” not too long ago. While the bears have their reasons, I continue to be bullish on the shiny yellow metal for a few reasons of my own.
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Friday, November 15, 2013
Why the Sell-Off in Gold Bullion Is Based on Faulty Logic / Commodities / Gold and Silver 2013
By: InvestmentContrarian
Sasha Cekerevac writes: Over the last few days, gold bullion in U.S. dollars has been under selling pressure yet again. With the price of gold bullion pulling back, one obvious question arises: what’s the appropriate investment strategy at this point?
Many are pointing to talk that the Federal Reserve is about to reduce its monetary stimulus, and this has led some investors to adjust their investment strategy by reducing their gold bullion holdings.
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Friday, November 15, 2013
Gold - Will it Drop to $1000 or Was a Bottom Formed in Summer? / Commodities / Gold and Silver 2013
By: Toby_Connor
The blogosphere seems to have gotten the idea that I am predicting $1000 as a sure thing. Nothing could be further from the truth. I've said many times in the past that I think there are parties trying to push gold to that level. Will they succeed is anyone's guess, but I think they are clearly trying. I also believe that the bear market this past year was an artificial and manufactured move.
Thursday, November 14, 2013
Gold Bullion - Indian Paying Equivalent $1,565 Per Ounce For Physical Gold Bullion / Commodities / Gold and Silver 2013
By: Jesse
“Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive...
Hitherto no difficulty had been experienced by any class in procuring specie for their wants. But this system could not long be carried on without causing a scarcity. The voice of complaint was heard on every side, and inquiries being instituted, the cause was soon discovered. The council debated long on the remedies to be taken, and [John] Law, being called on for his advice, was of the opinion, that an edict should be published, depreciating the value of coin five per cent below that of paper.
Thursday, November 14, 2013
USD as a Percentage of Global Reserves Down, Then Up. What's next for Gold? / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD's percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of reserves dropped from 63% to 53% and now has risen back to 56%.
Arrival of the Euro
When the Euro arrived on the scene, gold continued to be held -- with the exception of the amounts sold under the Washington Agreement and the Central Bank Gold Agreements -- alongside the Yen, Sterling and the Swiss Franc.
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Thursday, November 14, 2013
Gold Price Corrective Rally Before Turning Lower / Commodities / Gold and Silver 2013
By: Gregor_Horvat
GOLD 4h
GOLD finally found some support and it seems that price is now at the start of a larger three wave retracement in wave ii) back to 1305-1326 region. As such, be aware of a slow and choppy recovery in the next few days before downtrend resumes. From a timing perspective, this wave ii) could complete the path on Monday or Tuesday.
Wednesday, November 13, 2013
Gold & Silver vs. Hope & Change. Place Your Bets! / Commodities / Gold and Silver 2013
By: DeviantInvestor
The BIG Perspective: Examine the following “Point & Figure” chart from Ron Rosen. This type of chart plots price on the “y” axis while the “x” axis shows time but without uniform distance between years. The long term trend has been up since 1970 and 2001, while the intermediate trend has been down for the past 26 months.
Wednesday, November 13, 2013
China Gold Demand Weak as Prices Falls After Fed Comments / Commodities / Gold and Silver 2013
By: Adrian_Ash
ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock markets also slipped.
QE tapering "could very well take place" in December, said Atlanta Fed president Dennis Lockhart late Tuesday.
Wednesday, November 13, 2013
Gold, It’s Been Proven for 2,500 Years / Commodities / Gold and Silver 2013
By: Richard_Daughty
It’s surprising how many people rudely interrupt me to say “Hey! Shut up for one minute about how the evil Federal Reserve is creating so much currency and credit that we are doomed to a horrible inflationary collapse, and just tell me if you want fries with your burger.”
On the other hand, none of them has ever asked me, “Okay, let’s see how smart you are in solving the economic mess, Mister Know-It-All who thinks he is so smart.”
Wednesday, November 13, 2013
Gold Tops and Bots Cycles Analysis / Commodities / Gold and Silver 2013
By: Ed_Carlson
In last week's Commentary I promised to share my forecast for the low of the 10/28/13 decline. I call my approach the Hybrid-Lindsay method as it uses the concept of Middle Sections which were developed by George Lindsay in his seminal paper "An Aid to Timing". Using Middle Sections tells us whether to expect the forecast date to be a high or a low. I combine this approach with what Lindsay called "intervals of equidistance". These are similar to cycles except that they can stretch from high-to-low or low-to-high and not just low-to-low as cycles are normally thought of.
Tuesday, November 12, 2013
Gold Buying Opportunity Like This Doesn't Come Along Often / Commodities / Gold and Silver 2013
By: Money_Morning
Charles Rice writes: Gold prices are the honey badger of precious metals right now.
As 2011's very popular YouTube video showed us, the honey badger makes moves that don't make sense - it "don't care."
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Tuesday, November 12, 2013
Gold and Silver Diamonds..Half Way There ! / Commodities / Gold and Silver 2013
By: Rambus_Chartology
In this Weekend Report I would like to take a fresh look at the precious metals complex again as things are still evolving in this area. I want to look at the GDX as our proxy for the rest of the PM stock indexes as it trades with the most volume and probably gives us a better feel for where the big caps are headed. As you know we’ve looked at several different possibilities for our recent consolidation zone that are still valid as consolidation patterns. At the end of some if these more complex trading ranges one can end up with a lot of trendlines that can make things a little confusing at times. With that said lets strip away all the noise and see what is actually there from a Chartology perspective.