Category: Gold and Silver 2014
The analysis published under this category are as follows.Sunday, May 18, 2014
Gold Price Triangle Pattern Near Completion / Commodities / Gold and Silver 2014
Gold is moving sideways in 1268-1331 range for more than a month between two contracting trend-lines that make a shape of a triangle. We are looking at a running triangle in wave (b) that can be near completion as rise from 1276 is already in three legs that represents wave e), final leg in the pattern. With that in mind, traders should be aware of a bearish reversal down in wave (c) towards 1220/40 especially once 1277 and pattern support will give way.Read full article... Read full article...
Saturday, May 17, 2014
Future For Gold As Uncertain As It Is Certain. Silver Will Lead/Follow / Commodities / Gold and Silver 2014
Based on several thousand years of history, and based on the last 100 years of fiats, gold will continue to rise as a store of value, and almost all fiats will fail, massively. Which fiats will continue? The Yuan and the Ruble, for two. The Panama Balboa is another possibility, but Panama will have to do some sorting out to get rid of the fiat US dollar, its paper currency. The official money of account is the Panama balboa, but it ceased printing around 1941, in favor of the US dollar. This little Central American country has been making preparations to disassociate from the fiat Federal Reserve Notes.
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Friday, May 16, 2014
Silver Stealth Buying / Commodities / Gold and Silver 2014
Silver has suffered as a market pariah this year, dragging along doggedly near major lows. Investors have seemingly abandoned it to chase the Fed’s general-stock-market levitation, an affliction plaguing most of the alternative-investment realm. But rather provocatively, silver buying remains quite strong even in this dreary sentiment wasteland. This stealth buying will likely explode once gold starts running.
After silver plunged 35.6% in 2013 and hit 2.8-year lows, it’s easy to understand why it remains deeply out of favor today. With the Fed’s extreme money printing and jawboning dramatically catapulting general stocks higher, mainstreamers forgot about alternative investments including silver. But for the brave contrarians who would rather buy low than buy high, silver remains an incredibly alluring investment.
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Friday, May 16, 2014
Gold and Silver Important Price-Volume Link / Commodities / Gold and Silver 2014
Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective in gold, silver, and mining stocks.
The situation in the currency and precious metals markets developed to a large extent as we had outlined it yesterday. The USD Index paused, but gold, silver, and mining stocks caught up a bit in terms of the reaction to the previous dollar’s moves. Let’s take a closer look (charts courtesy of http://stockcharts.com).
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Friday, May 16, 2014
Firmer Tone for Gold and Silver Prices / Commodities / Gold and Silver 2014
This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price presumably designed to take out stop-losses.
From there precious metals never looked back. Interestingly, for the first time in a long time, prices advanced in London dealings, indicating they were being driven more by physical demand than trading in US futures. This is hardly a surprise given that GOFO is still negative for up to three months forward and has been in backwardation every day since 3rd April.
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Friday, May 16, 2014
Are Silver Prices Set Up for Another Heartbreak? / Commodities / Gold and Silver 2014
For long term investors and precious metals observers, the range-bound price action has rubbed salt into the open wound of short price sentiment. That is, if there is anyone left to remember the move up to $50 in 2011.
How long prices can remain relatively quiet and range-bound (in the face of growing fundamentals, geopolitical tension, and the rising awareness of inflation) is anyone's guess.
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Friday, May 16, 2014
So How Goes the War on Gold? / Commodities / Gold and Silver 2014
“I can’t remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like ‘gold is my enemy, I’m always watching what gold is doing’, we need to think why he made a statement like that. If you’re a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.”– Rick Santelli, CNBC
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Wednesday, May 14, 2014
Gold Price Doesn’t Fall Despite Dollar Rally – Finally a Show of Strength? / Commodities / Gold and Silver 2014
Briefly: In our opinion speculative short positions (half) are justified from the risk/reward perspective in gold, silver, and mining stocks.
Yesterday was another day during which the precious metals sector didn’t really decline (just a little) despite a move higher in the USD Index. Let’s check if the situation is bullish now (charts courtesy of http://stockcharts.com).
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Wednesday, May 14, 2014
Gold Price Long-term Forecast Using Statistics & Technical Analysis / Commodities / Gold and Silver 2014
Here is my gold prediction (silver and gold mining stocks, should be the same) looking forward 24 months.
Since the top in gold in 2011 gold has selling off. Depending on how you analyze the market, this 3 year sell off could be seen as consolidation within a major cyclical bull market or that it’s in a bear market. But know this, either way, the outlook is bullish, and all gold has to do is find a bottom here and rally above the $1400 per ounce level. This would kick start a major feeding frenzy of gold buying.
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Wednesday, May 14, 2014
Silver Was Not In a Bubble in 2011! / Commodities / Gold and Silver 2014
Conclusions
- The April 2011 silver price spike was NOT a bubble.
- The January 1980 silver price blow-off was a bubble, and it was materially different from the April 2011 price spike.
- I fully expect a bubble in silver – someday – but that day is months or years into the future.
- Prices for food, energy, silver, and gold are going up – broadly speaking – along with the national debt, money supply, and similar measures of debt and credit. Since we KNOW national debt will increase for the foreseeable future, plan on the prices for food, energy, silver, and gold increasing similarly.
Tuesday, May 13, 2014
U.S. Dollar 15-Year Cycle Decline Should Favor Gold / Commodities / Gold and Silver 2014
The Dollar is following an accurate 15-Year Cycle which is made of five 3-Year Cycles. On the following chart you can see that we are currently in the 15-Year Cycle that began in 2008. The current 3-Year Cycle that began in 2011 did not make new highs above the previous 3-Year Cycle that began in 2008 which puts the 15-Year Cycle in decline. As a result the current 15-Year Cycle has probably already topped and the following 3-Year Cycles should make lower highs and lower lows. The Dollar Index should therefore decline during the next ten years until the next 15-Year Cycle Low due in 2023.
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Tuesday, May 13, 2014
Gold and Silver Big Picture / Commodities / Gold and Silver 2014
We’ve been focusing in on the shorter term charts for the precious metal complex for some time now which is important but we also need to keep a very close eye on the bigger picture as that over rides the shorter term charts. You really have to know the big picture and then work your way back to the shorter term time frames that help confirm what the long terms are saying. Unless your a very short term trader then the long term charts won’t impact your trades that much. By looking at the long term charts they can still give you some clues you can use to help make a decision on where one might look for important support or resistance zones that don’t show up on the minute charts. So for me looking at all the different time frames helps paint a much clearer picture that one can use to trade any time fame they choose. Perspective.
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Monday, May 12, 2014
Not All Gold Is Created Equal: Know Before You Buy / Commodities / Gold and Silver 2014
Peter Krauth writes: If you own gold, or are thinking of buying some, here's something you need to consider...
It's not all the same.
Some, like fake gold-painted lead ingots, have no value whatsoever.
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Saturday, May 10, 2014
Gold And Silver - Rally Or Not? War Or Not? Probably Not For Both / Commodities / Gold and Silver 2014
The elites want war. Will they get war?
In the past, it was a slam dunk. There was no nation strong enough to oppose the elite's weapons of mass destruction, aka debt and the US military. How things have changed. The failed Western banking system is way past its expiration date. All the elites horses and all the elites men can never put back this broken derivative mess again.
War has always been the go-to tactic for the Rothschild-driven control-the-world- mentality. From the spawned chaos arising from their carefully chosen plan[s] for instigating war[s], not only would they ultimately prevail in their sick objective of manic control, they would make a ton of money and grow their operations even more.
Friday, May 09, 2014
Deep State of Silver and the Ultimate Loss of Control / Commodities / Gold and Silver 2014
Silver is a basket case in terms of paper prices and the emotions that come with it. Of course, the metal itself, (when held out of the system in personal position) does not do much at all. It is worthwhile to keep this in mind during the next inevitable illegally induced price move lower, and to check to see that your metal hasn't "done much".
While silver isn't the only strategic metal, it is certainly special in its unusual supply and demand character compared with its depressed price.
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Thursday, May 08, 2014
Gold, Silver and Big Cap Tech, The New Odd Couple / Commodities / Gold and Silver 2014
Before we look at some charts tonight I would like to follow up on a post Sir SA Viking did at the Chartology Forum today about not trading in the first 30 minutes of a new trading day. He is absolutely correct. If you've been trading in the markets for any length of time then you have heard the expression that the first 30 minutes of trading is for amateurs. The reason for this old adage is because a lot of amateurs will trade on the previous days price action and have to get in a trade no matter what. Many times you will see the smart money fade the open after the first half hour of trading trapping the new guys that just had to buy. The only time I will trade in the first half hour is when we have a nice profit and the price action is close to a price objective that was laid out previous. I will usually try to sell in the first 15 minutes if possible.
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Wednesday, May 07, 2014
Gold Prices Coming to the End of Bear Phase / Commodities / Gold and Silver 2014
Background
It’s been almost 30 months since the gold bull hit the dizzy heights of $1900/oz back in August 2011, sending many of us into raptures. However, it has been a very different story since then with gold slipping to a low of $1180/oz in June 2013 before bouncing higher to almost touch the $1400/oz level. Fast forward to today and we have gold trading at around $1310/oz level, having tested the June bottom around Christmas time 2013. Many believe that the bottom is now in and the bull has resumed charge, with the bears being exhausted. We would like to agree with them but we are still of the opinion that a challenge to the June lows could still lie ahead of us.
Tuesday, May 06, 2014
Time to Admit That Gold Peaked in 2011? / Commodities / Gold and Silver 2014
Have you seen this “real price of gold” chart that’s been making waves? Among other things, it purports to show the gold price adjusted for inflation over the past 223 years. Notice the 1980 vs. 2011 levels.
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Monday, May 05, 2014
Safe Havens Since The Great Financial Crisis / Commodities / Gold and Silver 2014
How have the traditional safe havens performed since the great financial crash of 2008 / 2009? What can we expect from the traditional safe havens going forward? Those are the two questions we try to answer in this article.
The safe havens we look at in this article are the US Dollar, US Treasuries, gold and the Yen. Obviously, with a never seen amount of debt backing the US dollar and the Yen, some would (rightfully) question their safe haven status. However, the reality is that the market is considering them safe havens, because of a lack of globally accepted alternatives.
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Saturday, May 03, 2014
Gold And Silver – Elites Want War. Front Man Obama Pushing Hard / Commodities / Gold and Silver 2014
The modus operandi of the elites is to create chaos, preferably in the form of [profitable for them] war. Their purpose is to create major headaches for governments and people. The next step is to “offer solutions” to end the chaos. Without fail, the solutions always favor the elite who gain more control as part of the cost for the rescue.
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