Category: Gold and Silver 2017
The analysis published under this category are as follows.
Wednesday, August 30, 2017
Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards / Commodities / Gold and Silver 2017
By: GoldCore
– Trump could be planning a radical “reboot” of the U.S. dollar
– Currency reboot will see leading nations devalue their currencies against gold
– New gold price would be nearly 8 times higher at $10,000/oz
– Price based on mass exit of foreign governments and investors from the US Dollar
– US total debt now over $80 Trillion – $20T national debt and $60T consumer debt
– Monetary reboot or currency devaluation seen frequently – even modern history
– Buy gold eagles, silver eagles including monster boxes and gold bars
– Have a 10% allocation to gold, smaller allocation to silver
Wednesday, August 30, 2017
A Very Good Day for Gold / Commodities / Gold and Silver 2017
By: Clive_Maund
What happened yesterday in the gold market was VERY bullish. After looking like it was topping out at its April and June highs, gold surged through them. While we were wary of it topping out here like a lot of traders, we definitely have a handle on the big picture which couldn't be more positive, with the dollar set to crash as it heads towards loss of its reserve currency status, and a slowly dawning awareness among the hordes of fools holding paper denominated gold, that the only thing that matters is physical possession—if you own paper gold, you could find yourself well and truly out in the cold. You can wave your piece of paper in the air and demand delivery, only to be bluntly informed "Sorry, mate—none left—go ask the Chinese if they'll let you have a little".
Wednesday, August 30, 2017
Alert: Gold Price Breaks Out to New 2017 High / Commodities / Gold and Silver 2017
By: MoneyMetals
Gold’s naysayers and doubters came out in full force earlier this summer as sentiment reached its nadir. The mid-year pullback in prices did, too.
There can be no doubt about it now – gold has broken out of its summer doldrums. On Monday, the yellow metal finally broke through the longstanding $1,300/oz resistance zone to make a new high for the year at $1,316.
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Tuesday, August 29, 2017
Gold Price Surges 2.6% After Jackson Hole and North Korean Missile Launch / Commodities / Gold and Silver 2017
By: GoldCore
– Gold surges as N. Korea fires ballistic missile over Japan
– Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam
– South Korea’s air force dropped eight MK 84 bombs near Seoul; simulating the destruction of North Korea’s leadership
– Gold rises from $1,291 to $1,325; Silver surges 3.2% from $17.05 to $17.60
– Volatility as seen in VIX surges as stocks fall; FTSE -1.1%
Tuesday, August 29, 2017
Gold and Silver - Shifting the Narrative / Commodities / Gold and Silver 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses gold's breakout and its correlation to the U.S. dollar and cryptocurrencies. For most of the past eight weeks, the financial media have been attempting to tilt the scales of conversation away from the weak macro backdrop in favor of the new initiative on Afghanistan and/or the Trump White House and/or domestic and international terror. As stocks rally in the face of flat earnings growth and rising P/Es, I have noticed an unwavering tendency for dips to be bought firstly by the pre-programmed computer programs, then by traders, and finally by the investing public who continue to behave as instructed by the Behavioral Architects that reside within the Working Group on Capital Markets and execute through the N.Y. Federal Reserve. Similarly, gold now above $1,300 and silver above $17.10 have in the past been faded like old swimsuits as all eyes are glued to the rising open interest and bullion bank aggregate short positions that are historical precursors for criminal takedowns.
Monday, August 28, 2017
The Amount Of Dollars In Existence Relative To The Silver Price Points To Much Higher Prices / Commodities / Gold and Silver 2017
By: Hubert_Moolman
Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been.
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Monday, August 28, 2017
Diversify Into Gold On U.S. “Political Instability” Advise Blackrock / Commodities / Gold and Silver 2017
By: GoldCore
– Gold set to shine as Washington stumbles
– “Bet on gold’s diversifying properties rather than political stability”
– World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise
– Real rates flattening out and rising political instability – Blackrock’s Koesterich
Friday, August 25, 2017
The Truth About Bundesbank Repatriation of Gold From U.S. / Commodities / Gold and Silver 2017
By: GoldCore
– Bundesbank has completed a transfer of gold worth €24B from France and U.S.
– Germany has completed domestic gold storage plan 3 years ahead of schedule
– In the €7.7 million plan, 54,000 gold bars were shipped and audited
– In 2012 German court called for inspection of Germany’s foreign gold holdings
Friday, August 25, 2017
Gold Price Is Forming Triangle Pattern / Commodities / Gold and Silver 2017
By: Franco_Shao
After touching 1.3000 important psychological level, XAUUSD pulled back from 1300.82 and formed a triangle pattern on its 4-hour chart. The triangle pattern is likely consolidation of the uptrend from 1204.77, another rise could be expected after the consolidation.
Friday, August 25, 2017
Are Precious Metals About To Go Parabolic? / Commodities / Gold and Silver 2017
By: Avi_Gilburt
With the metals providing us with the pullback we were expecting in our report last weekend (Aug 12-13), they continued to push higher from that pullback. Moreover, the structure continues to look quite bullish. However, the only question the market has yet to answer is if we see one more drop before the parabolic rally commences, or if we simply begin to rally strongly from here.
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Friday, August 25, 2017
Gold versus Bitcoin BTC / Commodities / Gold and Silver 2017
By: SurfCity
I don’t want to start a religious war here but clearly in 2017, BitCoin has vastly outperformed Gold as my first chart shows. I am still very positive that Gold and the PM sector will have its time in the sun again, but GBTC has given me another asset to trade while Gold and PMs have largely consolidated sideways for most of the year.
That said, the move in BitCoin appears to me to be in Wave 5 of an Elliott Wave pattern which will lead to a major top. Once it tops, according to Mr. Elliott, we will very likely see an ABC correction which will move price much lower than most expect. That is what is needed to re-set investor sentiment to bearish so the next leg up can begin. My second chart on GBTC shows the Wave 3 and 5 Parabola’s on the chart. These never end well but I will be doing my best to squeeze as much out of this Wave 5 move as I can.
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Friday, August 25, 2017
Grant Williams: History Is About to Repeat Itself Again… and It Might Get Ugly / Commodities / Gold and Silver 2017
By: HAA
Shannara Johnson writes: Grant Williams believes that the 76 million retiring Baby Boomers will trigger a major pension crisis. He should know, because he’s been studying financial history and telltale crisis patterns for nearly two decades.
“With that potentially bad situation we could face,” the seasoned asset manager and co-founder of Real Vision TV said in a recent Metal Masters interview, “holding physical metal, somewhere safe, somewhere outside the banking system, is just a sensible precaution to take.”
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Thursday, August 24, 2017
Conspiracy Theorists Can Relax! Steve Mnuchin Peers Through Ft. Knox Window And Confirms Gold Is Still There! / Commodities / Gold and Silver 2017
By: Jeff_Berwick
Imagine it was 1937 and you stored your gold with someone… let’s call them Uncle Sam.
After about 20 years you told Sam that you’d like to see the gold and make sure it was still there. He said sure; you can come and take a quick look. And you did… and you were satisfied that it looked like the gold was still there.
Decades then went by… more than 40 years in fact… and you told Sam that you’d like to make sure the gold is still there.
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Thursday, August 24, 2017
China's Get the Gold Plan: Part II / Commodities / Gold and Silver 2017
By: MoneyMetals
By David Smith : Money Metals readers may remember my November 2014 report in which I discussed how gold flowed into China in "tributary fashion" like small streams flowing into a giant one. In this case, the gold has been streaming into China's increasingly massive thousands-of-tons gold hoard.
In January, 2015, I penned an essay titled "China's Global Gold Supply "Game of Stones" outlining China's long-range goal to dominate the world's physical gold market.
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Wednesday, August 23, 2017
Global Financial Crisis 10 Years On: Gold Rises 100% from $650 to $1,300 / Commodities / Gold and Silver 2017
By: GoldCore
– Gold up over 100% in major currencies since financial crisis
– Gold up 100% in dollars, 124% in euros and surged 200% in sterling
– Gold has outperformed equity, bonds and most assets
– Gold remains an important safe-haven in long term
Tuesday, August 22, 2017
U.S. Treasury Secretary: "I Assume Fort Knox Gold Is Still There" / Commodities / Gold and Silver 2017
By: GoldCore
- US Treasury Secretary Steve Mnuchin visits Fort Knox Gold
- Later tweeted ‘Glad gold is safe!’
- Only the third Treasury Secretary to visit the fortified vault, last visit was 1948
- Last Congressional visit was 1974
- Speculation over existence of gold in Fort Knox is rife
- Concerns over Federal Reserves lack of interest in carrying to an audit on gold
- Gold was last counted in 1953, nine years before Mnuchin was born
- Mnuchin may be looking to prevent countries and states from worrying about and repatriating their gold
Tuesday, August 22, 2017
Lightening-Fast COT Reversal: Now Fairly Bearish For Gold And Silver / Commodities / Gold and Silver 2017
By: John_Rubino
That didn’t take long at all. Just a few weeks after the Commitment of Traders (COT) Reports for gold and silver turned positive – setting off a nice rally in both metals’ prices – this indicator has flipped back to strongly negative.
In gold especially, speculators (always wrong at big turning points) have loaded up on long futures contracts while closing out their short positions. The commercials (always right at big turning points) have done the opposite, closing out long positions and going aggressively short.
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Monday, August 21, 2017
What’s Next For Gold? Its All About The U.S. Dollar / Commodities / Gold and Silver 2017
By: Kelsey_Williams
What’s next for gold? Seems like a fairly simple question. Unfortunately, it is nearly impossible today to get a simple answer. That’s the problem.
Why is that? And, if we can find a simple, straight-forward answer, how do we know the answer is correct?
Perspective and intent are factors. But so are logic and accuracy.
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Monday, August 21, 2017
Gold’s Sudden, Newfound Relative Strength / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
Three weeks ago we discussed how Gold needed to perform considering the US$ index was likely to bounce due to an oversold condition and extreme bearish sentiment.
We wrote: “Simply put, Gold will have to prove itself in real terms if it is going to hold its ground or breakout as the US$ begins a likely bounce.”
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Sunday, August 20, 2017
Gold is a coiled spring… the breakout is here, fundamentals are in place, technicals are compelling / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason:It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and even authored a book in 2006 titled Gold Trading Boot Camp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He's a highly sought-after presenter at financial conferences and is a regular guest on financial shows throughout the world.