Category: Gold and Silver 2015
The analysis published under this category are as follows.Wednesday, July 29, 2015
Is the Gold Price Manipulated? / Commodities / Gold and Silver 2015
One of the most commonly held beliefs among gold investors is that the market for gold is heavily manipulated. It has become an article of faith among gold advocates that the price is subject to direct control by government, central banks and other parties who have a vested interest in depressing the gold price. In this commentary we'll explore this belief and try to arrive at a firm conclusion as to its veracity.
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Tuesday, July 28, 2015
Gold & Silver Money Has Devolved Into Debt and Plastic / Commodities / Gold and Silver 2015
Central banks will disagree;
Keynesian economists probably disagree;
Too-Big-To-Fail banks don’t care;
But I think the following is generally accurate regarding the devolution of gold and silver money.
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Tuesday, July 28, 2015
Buy and "Own Gold Krugerrands" Says Money Expert Jim Grant, Very Bullish on Gold / Commodities / Gold and Silver 2015
- “I own Krugerrands” says legendary Jim Grant
- He is “very bullish indeed” on gold
- Gold is “investment in financial and monetary disorder” – says Grant
- It thrives in current environment – “uncertainty, turbulence and disorder”
- “One of the most radical periods of monetary experimentation in the annals of money”
- “Gold…is now the conjunction of price, value and sentiment”
- Reminds owners of gold that the original reasons for buying gold have not gone away
Tuesday, July 28, 2015
Inflation Deniers Emboldened by Gold's Struggles / Commodities / Gold and Silver 2015
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals.
We covered the superficial and condescending coverage of the metals markets in the financial press last week. Since then, the financial press has stepped it up even more.
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Tuesday, July 28, 2015
Gold Mining Stocks to Weather the Storm / Commodities / Gold and Silver 2015
With ongoing volatility expected in the gold space, mostly owing to global economic weakness, investors should focus on quality gold names with three key attributes to weather the current metal price environment, explains Joseph Fazzini, vice president and senior analyst with Toronto-based Dundee Capital Markets. Fazzini says those attributes are low-cost, long-life assets; defensive balance sheets; and responsible management teams. In this interview with The Gold Report, Fazzini lists six Buy-rated names with those key attributes and more.
The Gold Report: Many of the people we interview have a theory about why gold is performing poorly this summer despite so much global uncertainty, especially in China and Greece. What's your theory?
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Monday, July 27, 2015
How to Know When the Gold Bear Market is Over / Commodities / Gold and Silver 2015
MoneyMorning.com D.R. Barton, Jr writes: Gold’s hard-and-fast tumble below $1,100 an ounce last week means some investors may be tuning out the yellow metal or suffering from gold “burnout.”
But ignoring it is a huge mistake. It has been and always will be one of the best stores of value, and it's a crucial hedge against economic upheaval. It's a must-have holding.
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Monday, July 27, 2015
Gold Bear Market Phase III / Commodities / Gold and Silver 2015
Plunger writes: Over 2 years ago I presented my first analysis of this precious metals bear market. After extensive study of the characteristics of past bear markets, I forecast a brutal bear market that would undergo three psychological stages. The third stage would be a wrenching decline that would ultimately reach levels so shocking that it would cause the destruction of the gold investment class. My analysis, which was dubbed Plunger's Flush, was met not just with skepticism but outright derision. I believe I know how Galileo felt.
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Monday, July 27, 2015
Silver Bull Hammer Buy Signal / Commodities / Gold and Silver 2015
During gold's takedown over a week ago, silver rather surprisingly escaped relatively unscathed, a resilience that we can put down to this market already being very depressed, with its COTs showing little speculative interest even before the latest drop.
On its 6-month chart we can see that, like gold, silver put in a fine bull hammer on Friday on good volume, and this, along with evidence elsewhere across the sector, suggests that a short-term rally is in the offing, even if the outlook remains bleak over the longer-term. Silver is a trading buy here with a stop beneath Friday's intraday low.
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Monday, July 27, 2015
Gold Cracks Support and Plunges to New Lows - How Low Will Price Go? / Commodities / Gold and Silver 2015
Gold cracked support and plunged to new lows since the last update, which came as no surprise to us. So what now? We are seeing signs that a recovery rally is about to begin, but it probably won't get all that far before a new downleg gets underway that sees gold make new lows again.
It's not just gold prices that are suffering - the entire commodity complex is in ragged retreat, with steep falls also in copper and oil. Why is this? The reason is that the gathering forces of deflation are starting to wreak havoc, and they are not going to be stopped by more QE - even if they print another $10 trillion to throw at the problem. The reason is that the debt mountain dwarfs whatever QE can be generated, and the deflation will continue until this debt is purged. Governments are like greedy short-sighted children - they are not interested in doing what is right and behaving with restraint and propriety, if they were they would have taken control of the debt crisis long ago.
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Sunday, July 26, 2015
Commodity Markets Breakdown Of 2015 Is Now A Fact / Commodities / Gold and Silver 2015
We wrote on July 5th that markets are increasingly looking scary. Now, only 3 weeks later, the situation seems to be escalating.
Let’s get it straight: this is a serious deflationary bust in the making. The most worrisome fact is Dr. Copper’s technical breakdown, as seen on the first chart.
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Sunday, July 26, 2015
Gold Price at a Five-Year Low: Here’s What to Do / Commodities / Gold and Silver 2015
MoneyMorning.com Keith Fitz-Gerald writes: Gold prices crashed Monday as panicked sellers drove the yellow metal to its lowest level since 2002 before recovering to a five-year low. More significantly, they broke the $1,130/oz “floor” which had previously been regarded as a solid support level – a key indicator to me that the downdraft wasn’t over.
So I wasn’t surprised to see gold prices finish yesterday’s U.S. trading session modestly lower – but that doesn’t mean I was any less excited, either.
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Saturday, July 25, 2015
Central Banks and Our Dysfunctional Gold Markets / Commodities / Gold and Silver 2015
Marcia Christoff-Kurapovna writes: Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions. First, it remains unclear whether or not much of the gold that is being sold as shares and in certificates actually exists. Second, paper gold can theoretically be printed into infinity just like regular currency — although private-sector paper-gold sellers have considerably less leeway in this regard than central banks. Third, new electronic gold pricing — replacing, as of this past February, the traditional five-bank phone-call of the London Gold Fix in place since 1919 — has not necessarily proved a more trustworthy model. Fourth, there looms the specter of the central bank, particularly in the form of volume trading discounts that commodity exchanges offer them.
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Saturday, July 25, 2015
Gold And Silver - The US Dollar Does Not Exist, Part II / Commodities / Gold and Silver 2015
Truth does not exist in the world of politics.
It is reasons such as these, below, that drives the importance of owning and holding physical silver and gold. The fundamental reasons everyone already knows exists but do not apply are important, but the power of the elites to rule over all [at least Western] governments, write the laws, deceive everyone, and now with the evidence of how much influence the bankers can exert over the manipulation of PM prices, is why you need to protect yourself from the evil nature of their control.
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Friday, July 24, 2015
Does Jewelry or Central Bank Demand Drive the Gold Price? / Commodities / Gold and Silver 2015
We have already shown that neither mining production, nor technological demand drives gold prices, since gold – thanks to its uniquely high stock-to-flows – resembles an asset rather than commodity. Before we look at the drivers of gold investment demand, we have to analyze the role of jewelry demand and central bank buying in the gold price formation. These two categories are often considered as important drivers for the gold price, but are they really?Read full article... Read full article...
Thursday, July 23, 2015
Gold and Silver Falling, Coiling - The Slow Blues / Commodities / Gold and Silver 2015
"At its very inception this movement depended on the deception and betrayal of one's fellow man; even at that time it was inwardly corrupt and could support itself only by constant lies...
If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control. As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body.
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Thursday, July 23, 2015
Gold and Gibson's Paradox / Commodities / Gold and Silver 2015
There is a myth prevalent today that the gold price always falls when interest rates rise. The logic is that when interest rates rise it is more expensive to hold gold, which just sits there not earning anything. And since markets discount future expectations, gold will even fall when a rise in interest rates is expected. With the Fed's Open Market Committee debating the timing of an interest rate rise to take place possibly in September, it is therefore no surprise to market commentators that the gold price continues its bear market. Only the myth is just that: a myth denied by empirical evidence.
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Thursday, July 23, 2015
Gold Price Smash Leads to Surge in Demand For Coins, Bars Around World / Commodities / Gold and Silver 2015
- U.S. Mint sees highest monthly gold eagle sales in over two years
- Indians take advantage of low price in a season not typically known for gold buying
- Chinese investors, disillusioned with stock market, are buying gold in large volumes
- Demand for coins from Perth Mint 37% higher in June and even higher for July
Wednesday, July 22, 2015
Gold Price Hits a 5-Year Low: How to Time the Next MAJOR Bottom / Commodities / Gold and Silver 2015
See this surprising "central banks indicator" of big reversals in gold prices
Read full article... Read full article..."In what traders called a 'bear raid,' sellers on Monday dumped an estimated 33 tonnes of gold in just two minutes on exchanges in Shanghai and New York, sending prices on a nearly $50 downward spiral from which they never fully recovered." (Reuters, July 21)
Wednesday, July 22, 2015
Currencies Depend on Faith, Gold Doesn't / Commodities / Gold and Silver 2015
In his July 17th Blog, Let's Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the "Pet Rock" craze of the 1970s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, and give them something hip to talk about at parties. Zweig asserts that investor faith in gold, which he argues is just another inert mineral with good marketing, is similarly irrational, and has kept people from putting money in the much more lucrative stock market.
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Wednesday, July 22, 2015
Silver and the Deflation Thesis / Commodities / Gold and Silver 2015
56,859 contracts represents over 284 million ounces of silver in a market with a total of just under 1 billion ounces in open contracts (open interest of 197,092) and a combined warehouse “physical” inventory of just over 180 million ounces.
I decided to make public and expand upon one section in my private newsletter weekly commentary.
As silver was monkey-hammered once again this week, I got the usual “see that, Harry Dent was right. Silver is going down” response.
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