Category: Gold and Silver 2015
The analysis published under this category are as follows.Wednesday, March 11, 2015
Silver and Gold Shelter From the Storm / Commodities / Gold and Silver 2015
What storm? The stock and bond markets in the US are doing great, the media has sold the strong employment story, and all those nasty wars are far, far away.
So the top few percent are doing well and are sheltered from the storm, but what about the rest of us? What storms are pounding us?
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Tuesday, March 10, 2015
Gold's Obituary... Phase 2 now Underway / Commodities / Gold and Silver 2015
This article is an update of Gold’s Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should provide a flavour of where things are heading over the next 6-8 months. As a hint, being long commodities as a whole is not recommended in the slightest.
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Tuesday, March 10, 2015
Will the Shangai Fix fix the Gold Market? / Commodities / Gold and Silver 2015
John Maynard Keynes once remarked that “A debtor nation does not love its creditor, and it is fruitless to expect feelings of good will.” In the case of the financial arrangement between China and the West including the United States, I might add that the opposite is also true, particularly when that creditor thinks its debtor might be in over its head. Each, though, has learned to live with the other in this complicated and intricate web of debt and money, interlocking national balance sheets and intertwined commercial interests we call the international markets. To not do so is to act against one’s own national interest.
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Monday, March 09, 2015
Three Fear Resistant Commodities That Look Tasty / Commodities / Gold and Silver 2015
On Friday, March 6 the US jobs report hit the wires. Equities were trading higher in premarket, and the previous session we had seen strong selloff followed by an equally strong high-volume rally. No one was expecting the massive selloff that was about to hit the stock market when the good jobs numbers were posted.
Later that day after 6 1/2 hours of heavy volume selling in the stock market the closing bell rang. The big selloff pulled most stocks and commodities into an extremely oversold market condition. Traders were waiting all day for some type of bottom to be put in place so they can reenter a long position and day trade the rebound.
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Monday, March 09, 2015
Silver Price Remains Stuck in a Bearmarket, Set to Make New Lows Soon / Commodities / Gold and Silver 2015
Silver remains stuck in a bearmarket and looks set to make new lows soon, for the same reasons as gold: gathering deflationary forces and continued unwinding of the global carry trade leading to a continuation of the dollar spike, which, as set out in the Gold Market update, could see the dollar index reach as high as 120 and in extreme circumstances even higher.
On its 6-month chart we can see how silver broke lower again on Friday, beneath potential trendline support at the same time as gold breached a support level and dropped sharply. The overall tone of this chart is negative with the price beneath both its main moving averages, which are bearishly aligned.
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Monday, March 09, 2015
Gold Price Steep Drop towards Long-term $900 Target Area / Commodities / Gold and Silver 2015
Gold did almost exactly what we expected in the last update, it bounced from oversold off the support at $1190 - $1200, only to break sharply to new lows on Friday, crushed by the strength of the dollar. We got with the plot and are doing fine with bear ETFs, one of which rose by 25% on Friday alone. The dollar is remarkably strong especially given that its COTs and sentiment readings are already bearish by normal standards, so what is going on? - and where is the dollar headed?
The dollar is so strong because the world economy is about to finally disappear into the deflationary vortex, which our illustrious leaders have been fighting tooth and nail for so long now, which they should as they got us all into this mess in the first place.
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Sunday, March 08, 2015
Gold and Silver Smashed by Non-Farm Payrolls - Troubled Waters / Commodities / Gold and Silver 2015
Bubble bubble
Toil and trouble,
Savings burn
While assets double.
That certainly was a 'better than expected' Non-Farm Payrolls report number.
One thing to keep in mind is that the Bureau of Labor Statistics has gone back and revised every jobs report I have in my spreadsheet, back to at least 2004.
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Saturday, March 07, 2015
Gold And Silver - Banker Insanity Grows, Precious Metals Decline / Commodities / Gold and Silver 2015
Money does not exist in Europe any more than money does not exist in the United States. What the Greeks received was a massive loan of debt issued by the International Monetary Fund. Who authorized the IMF to issue that debt to Greece? From where did the "funds" come? [Hint: Out of thin air.] The IMF/EU/BIS, call the "lenders" whatever you choose, but no money was loaned, just a digitized I.O.U. The notion of money is as phony as any $3 Euro bill. The entire EU and its bloated, non-representative bureaucrats are a massive Ponzi scheme, led by Mario Draghi and a host of other sycophants who would not otherwise get elected even if they ran unopposed.
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Saturday, March 07, 2015
Gold Waiting on the US Dollar / Commodities / Gold and Silver 2015
Gold had held up well in recent months considering the upside explosion in the US$ index. That is because Gold surged nearly 21% against foreign currencies in three months. Yet, this is not enough to carry Gold. Its rebound petered out (in nominal and real terms) after the Swiss news and has growing downside momentum due to the surging US$ index. We've seen some positive developments under the surface for precious metals but its clear the sector won't begin a sustained rebound until the US$ reaches its next peak.
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Friday, March 06, 2015
Apple Major New Gold Buyer - Propel Gold Price Higher? / Commodities / Gold and Silver 2015
- There is a major new buyer in the gold market – Apple
- New Apple watch could use up to one third of total annual gold supply
- Apple expects to sell one million gold watches per month
- Each watch to use up to two ounces of gold
- May have enormous ramifications for gold market and propel prices higher
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Friday, March 06, 2015
Portfolios, Insurance, and Gold / Commodities / Gold and Silver 2015
Raymond Matison writes: Over the last two decades investment managers have increasingly accepted the concept that their portfolios should contain some form of insurance against rapid or unexpected market declines – the so called Black Swan event. One way to protect against this is to purchase puts on broad market indexes and calls on precious metals, or purchase some precious metal equity securities, or physical gold bullion. It is safe to say that many hedge funds today utilize several such strategies.
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Thursday, March 05, 2015
Gold and Silver Justice For Some - Currency Wars - ECB Deposit Rates To -3% / Commodities / Gold and Silver 2015
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Eurozone on road to deflation, and bonds remain [an] attractive asset because high demand meets scarce supply
ECB will reduce interest for cash deposits to minus 3% and the dollar [will] appreciate by 20%, reaching parity with euro in 2015.
Thursday, March 05, 2015
Gold Price Set To Plunge Below $600 / Commodities / Gold and Silver 2015
This analysis covers the long term charts of gold, gold mining shares represented by the HUI Gold Bugs Index and the world’s largest gold producer, Goldcorp.
Let’s commence with the gold price.
Wednesday, March 04, 2015
What Top Hedge Fund Managers Really Think About Gold / Commodities / Gold and Silver 2015
In BIG GOLD, I interviewed a plethora of experts on their views about gold for this year. The issue was so popular that we decided to republish a portion of the edition here.
Given their level of success, these fund managers are worth listening to: James Rickards, Chris Martenson, Steve Henningsen, Grant Williams, and Brent Johnson. Some questions are the same, while others were tailored to their particular expertise.
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Wednesday, March 04, 2015
The LBMA Gold Price will replace the Gold Fixing Price / Commodities / Gold and Silver 2015
While we are waiting for the details on the ECB's QE (will be published on Thursday) and the U.S. non-farm payroll report (will be revealed on Friday), it is worth analyzing a piece of news which passed almost unnoticed. The long established London Gold Fix is going to be replaced by the new electronic LBMA price-discovery process on March 20th this year. Why do we believe that all gold investors should be aware of that fact?
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Wednesday, March 04, 2015
Gold Price to be Driven by Non-Farm Payroll Data / Commodities / Gold and Silver 2015
Harley Salt writes: Friday will see the release of the much anticipated monthly US Non-Farm Payrolls figures. Even more so than in previous months this data will be influential in setting the direction of the gold market between its release on Friday and the next Federal Reserve policy meeting on set for 17th and 18th March. It is the only major market moving data due out before the Fed meets so it will be the focus of not just traders but also the Fed itself.
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Tuesday, March 03, 2015
Gold Price and Mining Stocks Decline Together / Commodities / Gold and Silver 2015
Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are keeping the stop-loss levels at their current levels, which means that we are effectively keeping some gains locked and at the same time we're allowing the profits to increase.
Gold stocks erased the gains of the previous days during yesterday's session alone and gold declined visibly as well. Is their and gold's rally over?
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Tuesday, March 03, 2015
Gold Conventional Wisdom vs Elliott Wave Pattern / Commodities / Gold and Silver 2015
Editor's note: This article is excerpted from "The State of the Global Markets 2015 Edition," a comprehensive report by Elliott Wave International, the world's largest independent market-forecasting firm (data through December 2014). You can download the full, 53-page report here -- 100% free.
Gold has rallied since the EWT/EWFF Interim Report of November 11 forecast a near-term bullish juncture. The report included an AP story that cited metals’ experts who trashed gold’s prospects. Since then, we’ve been bowled over by the number of similar stories, each one more pessimistic toward gold than the last.
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Monday, March 02, 2015
Gold Demand in UK, Europe and U.S. – Reuters Interview GoldCore / Commodities / Gold and Silver 2015
Jan Harvey from Thomson Reuters interviews Mark O’Byrne, Director of GoldCore Research
Jan Harvey | thomsonreuters.com | We were hearing quite a bit about rising physical demand in Europe earlier this year, as a confluence of factors (euro zone QE, SNB scrapping franc peg to euro, Greek election outcome) came together to support buying. Here to discuss how that has developed in February is Mark O’Byrne, executive director of Goldcore. Welcome, Mark! |
Monday, March 02, 2015
Gold Trading Week Ahead - 2 March 2015 / Commodities / Gold and Silver 2015
Harley Salt writes: Gold enters the new trading week and a new trading month with some positive momentum after putting together 3 days of consecutive gains. This week see a number of releases and announcements that will shape the markets expectations on when the Fed will kick-off increasing interest rates. One of the key drives of gold at the moment is the speculation as to when rates will be tightened, any signs of a delay is providing a boost to the price of gold.
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