Category: Gold and Silver 2016
The analysis published under this category are as follows.Sunday, October 16, 2016
More Good News For Gold Bugs: The Bottom Is Getting Closer / Commodities / Gold and Silver 2016
In the latest gold and silver commitment of traders (COT) report (click here for an explanation of what this report involves), paper players made big strides in bringing the market back into balance — and setting the stage for an eventual rebound.
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Saturday, October 15, 2016
The Gold Manipulators Not Only Will Be Punished, They Have Been Punished / Commodities / Gold and Silver 2016
I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks. Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one.
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Saturday, October 15, 2016
Gold is Oversold on Misplaced Expectations of a 2016 Rate Hike / Commodities / Gold and Silver 2016
Gold investors know that the metal has been under pressure due to expectations of a FED rate hike in 2016. Many believe that an increase in the FED funds rate would support the dollar and send prices for precious metals lower. This has been a key driver of the decline in the gold price to support at $1,250, the 200-day moving average.
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Friday, October 14, 2016
“Gold Is A Great Hedge Against Politicians” – Goldman Sachs / Commodities / Gold and Silver 2016
Gold has risen another 1.7% in British pound terms this week and is 1.8% higher in euro terms and is again acting as a hedge against currency devaluations, Brexit, eurozone and heightened political and geo-political risk in the UK, EU, U.S. and most of the world.
Gold is marginally higher in dollar terms this week after surging on the open in Asia on Sunday night. Gold quickly rose 1% from $1,251/oz to $1,264/oz as China and the Shanghai Gold Exchange (SGE) began trading again after being closed for the Chinese Golden Week.
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Friday, October 14, 2016
How Could Helicopter Money Affect the Gold Market? / Commodities / Gold and Silver 2016
Since the NIRP has not yielded the expected results – it could have actually weakened the condition of the banking sector and its ability to expand lending – a hot debate about the use of another weapon in the central banks’ heroic struggle with the deflationary pressure started. We mean of course helicopter money, also called monetary finance or money-financed fiscal programs. Supporters argue that it is a necessary option to revive economic growth and generate inflation, while opponents consider it a fancy name for printing money and monetizing fiscal deficits. Who is right and what does it imply for the gold market?
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Thursday, October 13, 2016
The Structure and Future of Gold in the Investment and Monetary World / Commodities / Gold and Silver 2016
This article looks at factors that will affect gold and silver prices as we go forward. We have to say they are considerable and will lead to our conclusion that while the gold price has fallen through support below $1,300 and now stand at $1,250, we see the fundamentals taking the price back higher and much higher over time. Indeed we do see it rising through its all time peak in the next year and beyond. We will also highlight the fact that such a rise will occur in all currencies as they weaken against the gold price.
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Thursday, October 13, 2016
Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold / Commodities / Gold and Silver 2016
Sell Gold Now – A Note from GoldCore CEO Stephen Flood
It has never been more important to own gold as part of a diversified portfolio. The form your gold investment takes is just as important as owning it in the first place. ETFs and pooled gold may not be functional in extreme markets and may themselves be subject to systemic risk events.
We are living in extraordinary times and key to any investment plan that can weather the coming global financial storm is access to all important – liquidity.
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Wednesday, October 12, 2016
Gold and Silver Metals Show Strength Relative to the USD Index / Commodities / Gold and Silver 2016
Gold, silver and mining stocks moved higher yesterday, but the size of the rally was not huge and it was another day during which the PM sector didn’t decline. The back and forth movement and decreased volatility appear to be temporary as this kind of performance is something that we’ve seen during both consolidations and bottoms. Which way will the precious metals sector go?
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Tuesday, October 11, 2016
Presidential Election and Bear 'Super-Cycle' Stifle Growth in Markets / Commodities / Gold and Silver 2016
Contrary to what a number of gold bugs have observed, other experts believe recent drops in the gold price are not a bull market correction, but rather reflect a market stuck in a commodity bear "super-cycle." Coupled with a gloomy end-of-year outlook for stock markets, precious metals and miners could be in for a rough Q4.
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Tuesday, October 11, 2016
What in the World Happened to Gold and Silver Prices Last Week? / Commodities / Gold and Silver 2016
By Clint Siegner : Gold and silver prices charged higher during the first 6 months of the year. They fell into a rut over the summer, and then hit the skids last Tuesday. Lots of bullion investors are wondering what in the world happened. There are three primary factors driving this price correction.Read full article... Read full article...
Monday, October 10, 2016
This Past Week in Gold / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts the latest movement in the gold and silver markets, noting the cycle has reversed down.
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Monday, October 10, 2016
Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming” / Commodities / Gold and Silver 2016
The gold trading Commitment of Traders (COT) report, released Friday, shows the peculiarly timed gold sell off and much needed wash out of speculative longs out of the gold futures market last week sets gold up for lower prices, prior to moving higher again.
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Monday, October 10, 2016
Gold – Commitments of Traders – hedge fund longs liquidate / Commodities / Gold and Silver 2016
Fortunately for we traders, the Commitments of Traders report did at least catch the big move lower on Tuesday of this week so we were able to get a peek inside the market to see what happened to those massive hedge fund long positions during this week’s meltdown in the gold price.
Here is the first chart. Hedge fund outright positions.
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Sunday, October 09, 2016
Gold Bull Markets Have Corrections / Commodities / Gold and Silver 2016
Human nature is nothing if not consistent. I’ve seen this dozens of times. At every single intermediate cycle low traders begin to doubt. No matter how strong the bull signals are, when a correction occurs traders find, or make up reasons for why the bear market is still in force or a new bear market is starting.
Folks, bull markets have to have corrections. They don’t signal the end of the bull, they are just profit taking events when price gets stretched too far above the mean, or when sentiment becomes too bullish.
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Friday, October 07, 2016
What Tools Does the Fed Have Left and How Could They Affect the Gold Market? / Commodities / Gold and Silver 2016
Although the U.S. economy is currently expanding, we cannot rule out the possibility of a significant slowdown in the next few years. Some analysts argue that the Fed would be out of ammunition during the next crisis. Is that true? “Not necessarily,” as it turns out – the whole issue is a bit more complicated. We will now analyze what monetary weapons could the Fed use to stimulate the economy when the next recession strikes. The table below presents a short summary of available tools.
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Friday, October 07, 2016
Sterling Gold Surges 5% In One Minute “Flash Crash” – Up 1.7% In Week As Gilts Sell Off / Commodities / Gold and Silver 2016
Sterling gold surged 5% in less than a minute overnight in Asia with prices rising from £994/oz to £1,043.40/oz as sterling had a massive “flash crash.” Sterling plummeted in the second biggest fall in its history – only slightly less than the collapse after the Brexit vote.
Despite gold’s peculiar, sharp fall in dollar terms on Tuesday and 4.1% loss for the week, sterling gold is another 1.7% higher this week – from £1,010/oz to £1,027/oz – again showing gold’s importance in hedging against currency devaluation.
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Friday, October 07, 2016
Gold Bull Still Intact, Use Pullback to Accumulate / Commodities / Gold and Silver 2016
This week's drop in the gold price has spooked many investors, says money manager Adrian Day, who provides his perspective on the volatility.
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Thursday, October 06, 2016
Gold’s Second Waterfall Drop this Week / Commodities / Gold and Silver 2016
We do not often find ourselves jogging the same track as the redoubtable Dennis Gartman who commands untold premiums for his advice, but now, it seems, he is verifying our suspicion of two days ago (Please see “Gold’s waterfall drop might be associated with the big drop in British sterling”) that something is amiss in London gold trading circles. Here is today’s chart – a second waterfall move in the gold market coincident with a second swan dive for the pound and Gartman’s take (snipped from ZeroHedge).
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Thursday, October 06, 2016
Gold Price to Rally $80 into October 14th? / Commodities / Gold and Silver 2016
I admit I missed the GDX move down to 22.93 today, but at the same time it has presented itself with a great opportunity. The chart below is predicting GDX 29.84 by October 14. I am now leveraged, extremely leveraged with options for a strong rally ahead in gold and GDX.
A lot of negative bias now in the precious metals complex has me thinking the other way: and that is a massive short covering rally ahead. The e-wave look and cycles suggest the same. The "nonfarm payrolls report" on Friday could be (likely) the catalyst.
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Thursday, October 06, 2016
Gold for When Markets Go Bump in the Night / Commodities / Gold and Silver 2016
“Gold has worked down from Alexander’s time. . .When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory.” – Bernard Baruch
We should not be surprised that the long-standing troubles at Deutsche Bank would appear to be coming to a head now. For global financial centers, October is often the cruellest month – a time when stock markets and whole economies have been known to go bump in the night. The Panic of 1907, the Crash of ’29, Black Monday 1987, the Friday the 13th crash 1989, the Asia Crisis of 1997, the downturn of 2002 and the launch to bear market in 2007 – all took place in the month of October.
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