Category: Gold and Silver 2016
The analysis published under this category are as follows.Thursday, February 25, 2016
Gold’s Full House / Commodities / Gold and Silver 2016
Using the Macrocosm theme again (I can’t get enough of this gimmick) let’s update some key gold ratios in poker terms.
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Thursday, February 25, 2016
Gold Will Overwhelm Dent / Commodities / Gold and Silver 2016
Harry Dent is a good demographer and stands for what he believes. But this is not about Harry Dent.
Charles Sizemore is a writer and editor who works for Harry Dent, but this is not about Charles Sizemore.
This is about gold!
Over a century ago JP Morgan understood that gold was money and the rest was credit. But he lived when you could buy groceries with a gold eagle and a cup of coffee cost a few cents.
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Wednesday, February 24, 2016
Why Central Banks Will Buy Silver / Commodities / Gold and Silver 2016
Money is a store of value (or wealth), a medium of exchange as well as a unit of account. In order for money to be effective in the above it has to have the following properties:
- divisible - should be divisible in smaller units
- portable - able to carry it around therefore a high value should be able to be contained in a small space and weight
- homogenous - one unit should be the same as any another unit
- durable - should not be able to be easily destroyed or eroded
- valuable - should have intrinsic value, normally because it is desirable. Should not be able to be created or discovered without reasonable effort (normally a commodity itself).
Wednesday, February 24, 2016
This Is What Gold Does In A Currency Crisis, British Edition / Commodities / Gold and Silver 2016
It appears that Great Britain might actually do the until-recently-unthinkable, and leave the European Union. The reasons for this dramatic break-up are many, and can be Googled easily enough. For our purposes, suffice to say that traders are scrambling to figure out what this means for the British pound, and they’re not liking the answers. Here’s a quick look at the recent foreign exchange action:
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Wednesday, February 24, 2016
Gold Price Now? / Commodities / Gold and Silver 2016
Gold never changes; it's the world around it that does. Why is it that we see a renewed interest in gold now? And more importantly, should investors buy this precious metal?
Key attributes in a 'changing world' that may be relevant to the price of gold are fear and interest rates. Let's examine these:
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Wednesday, February 24, 2016
Gold and the 34-Month Moving Average / Commodities / Gold and Silver 2016
Gold gave up $8.70 last week (after the previous week's gain of $81.30/oz.) to close at 1,230 and printed a bearish harami candlestick on the weekly chart. Friday's close was on resistance at 1,230. Look for support at 1,190.
A breakout from the 34-month exponential moving average (chart) would be very bullish. Assuming a breakout, our price target is 1,370.
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Tuesday, February 23, 2016
Gold GLD ETF Continues to Astound / Commodities / Gold and Silver 2016
I can think of no better word except, "astounding", when considering what is taking place with the giant gold ETF, GLD and its reported holdings increases.
This afternoon's reported gold holdings showed an increase of exactly 19.33 tons to 752.29 tons. This is identical to the increase seen last Friday ( 19.33 tons). In two days time, we have seen almost 39 tons of gold added to the vaults of GLD. I am hard pressed to find anything similar in its past.
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Monday, February 22, 2016
Gold and Silver Price Rise Has Begun / Commodities / Gold and Silver 2016
The S&P 500 Index (chart below) shows a top in May 2015, a correction into August, and a deeper fall this month – February 2016. Look out below.
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Monday, February 22, 2016
Silver and Gold Will Protect From Coming Bank Bail-Ins / Commodities / Gold and Silver 2016
Josh Sigurdson and John Sneisen of World Alternative Media interviewed Mark O’Byrne, co-founder of GoldCore, late last week. The value of silver and gold during bail-ins and in a financial crisis was covered and other topics covered included
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Monday, February 22, 2016
Gold Ratio Chartology Quietly Suggesting a Bottom / Commodities / Gold and Silver 2016
Tonight I would like to update a few of the ratio charts we've been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says that but the more one reads the more confused they become. There is no Holy Grail when it comes to trading the markets although everyone is looking for one. Every trading discipline has its own unique characteristics that if one has the discipline to study it long enough they may eventually get pretty good at interpreting what it's saying. Find something that matches your own personality and through trial and error you maybe surprised at what you may discover.
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Monday, February 22, 2016
Silver Underperforms Gold in Early Stages of Bull Markets / Commodities / Gold and Silver 2016
In the early part of Precious Metal bullmarkets, gold performs better than silver, but in the latter part silver outperforms gold. The reason is that the early part of bullmarkets in the sector are characterized by more serious and sober value oriented investors, whereas the latter part is characterized by momentum traders and speculators trying to make a fast buck, and they are attracted by the high leverage of silver relative to gold. This is the reason that the giant ramp in silver in the opening months of 2011 to a final parabolic slingshot peak in April - May signaled that it was all over, many months before gold itself topped out.
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Monday, February 22, 2016
Gold Price Finally Breaking Out to Commence a Major Bull Market / Commodities / Gold and Silver 2016
This has been a momentous month for gold, with it finally breaking out of its long downtrend to commence a major bullmarket. Thus it is amusing to see Goldman Sachs talking about it dropping back to $1000 again. Those timorously wondering whether they are right should stop and ask themselves whose interests are paramount to Goldman, the government and Wall St, or the Little Guy trying to protect what's left of his capital. Those still in doubt should read Goldman Capitulates .
We have been wondering over the past week whether gold and silver have been starting to mark out bull Flags or whether they are instead at intermediate tops. That question is answered for us by the latest COTs which reveal that Commercial short positions have exploded in recent weeks, particularly in silver, where they are now at "nosebleed levels". We therefore now expect a correction, which could be quite heavy - so Curb your Enthusiasm, people. When it happens don't be fooled into thinking that the bearmarket is back on and Goldman is right. Instead take the opportunity to back up the truck and load up on PM sectors investments, many of which have risen too far too fast in recent weeks.
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Sunday, February 21, 2016
Gold Has Outperformed Stocks Since… 1967!?!?! / Commodities / Gold and Silver 2016
Almost every other day I read an article telling me that owning Gold is dumb or that Gold is doomed as an investment.
These articles would be useful or insightful if they weren’t based on “analysis” that is either misleading or downright wrong.
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Sunday, February 21, 2016
Venezuela's Gold Heads East - Ubi Caritas / Commodities / Gold and Silver 2016
"We suspect that shorting gold has come to seem like a riskless proposition as long as there is confidence in the Fed. Synthetic gold is the perfect substance for a carry trade: an easy borrow with very low carrying cost and little upside basis risk. Such a hypothesis, in our opinion, does much to explain the incongruity of a declining gold price while fundamentals for paper currency, and the U.S. dollar in particular, obviously deteriorate; while demand for physical gold has exceeded new mine supply for several years running; and while above-ground 400-ounce .995-gold bars located in London, New York, and other financial capitals (in cohabitation with speculative trading activity in paper markets) have steadily dwindled and disappeared into Asian financial centers reformulated as .9999 kilo bars."
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Sunday, February 21, 2016
The Gold Bull Is Just Getting Started - Video / Commodities / Gold and Silver 2016
The latest crutch used by the bears is that the COT reports are bearish so gold is going back down. That is not necessarily the case if a new bull market has begun.
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Saturday, February 20, 2016
Gold And Silver – Charts Only / Commodities / Gold and Silver 2016
We are strong advocates of the charts providing the best and most reliable information. Even the most respected gold and silver experts do not know when the effects of globalist bankers' manipulation will lose their impact. Each week is one week closer to a final resolve, but no one knows if there are 2 more weeks, 20 more weeks or how much longer price can continue sideways to lower in a bottoming process.
Back on the 6th of February, we posited that there was no bottom confirmed, [See Is A Bottom In? Nothing Confirmed , if you missed the article.], and we maintain that there has not been any identified market activity that suggests a final bottom for the current multi- year correction lower. This week, we focus strictly on the charts.
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Saturday, February 20, 2016
Silver Price Trend Forecast - Silver has more work to do.. / Commodities / Gold and Silver 2016
Goldvybe writes: While I primarily analyze and trade gold, I do tend to look at the action in silver as the sister metal can provide us with some very interesting clues about where gold is headed next. Over the years the Commitment of Traders (COT) report which is released at the end of each trading week by the CFTC can alert us to some very interesting developments in the precious metals markets.
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Friday, February 19, 2016
Is the Gold Price Manipulated? / Commodities / Gold and Silver 2016
The belief in manipulation in the gold market is associated with the notion of discrepancies between the paper and physical price of gold. The latter is artificially set lower by futures markets creating tons of synthetic gold. Hence the price of gold does not reflect its fundamentals. But the divergence between paper gold and ‘real’ gold cannot last forever; therefore the day of reckoning will finally come, and the paper gold market will collapse and the price of gold will skyrocket.
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Friday, February 19, 2016
Marc Faber Warns “Own Some Solid Currency, In Other Words … Gold” / Commodities / Gold and Silver 2016
“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg by phone yesterday.
“I would rather want to own some solid currency, in other words … gold” warned Faber.
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Friday, February 19, 2016
Fascinating Gold Charts With Hidden Trendlines / Commodities / Gold and Silver 2016
Gold had another very strong day, closing the day 2% higher. After a strong run over the last couple of weeks, the question is where gold stands, and how much upside potential it has. Let’s revise the charts and leading indicators in this article.
First, our daily gold chart (since gold peaked) shows that gold recently broke out of its downtrend. Interestingly, the gold price retraced this week to just below the resistance line, and closed today 1% above it. So far so good, this is strong price action without any doubt.
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