Category: Gold and Silver 2017
The analysis published under this category are as follows.
Saturday, June 10, 2017
Gold Trading Cycle Update / Commodities / Gold and Silver 2017
By: SurfCity
I have Gold on day 21 seeking out its next TC Low. My normal timing band, low to low is 23-29 days so I will be looking for the next low between mid-June to perhaps June 20-22.
My Blue Boxes on the Gold and GDX charts show you Time and Price possibilities. On Gold, the box should project at least a 38% retrace as a minimum but more likely a 50% retrace or lower.
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Friday, June 09, 2017
Precious Metals’ Reply to US Dollar’s Small Rally / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
Gold, silver and mining stocks finally moved lower after several days of higher prices and one can say the opposite about the USD Index. Was this just a pause or a beginning of a bigger downtrend?
The latter is quite likely and the reasons come from the precious metals charts as well as from the one of the USD Index. In short, the points that we made in the previous alerts this week remain up-to-date, especially those that we discussed yesterday regarding the “when” factor. We will move to this issue in a few minutes and in the meantime, let’s start today’s discussion with gold’s short-term chart (chart courtesy of http://stockcharts.com).
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Thursday, June 08, 2017
Geopolitical Risks in Retreat. Will Gold Drown? / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
In the previous edition of the Market Overview we wrote that “geopolitical risks clearly won with a hawkish Fed in a tug of war in the gold market” at the turn of March and April, as the yellow metal gained about 7 percent from mid-March to mid-April. However, the price of gold declined about 4.8 percent until May 9 when it started its rebound. As the chart below shows, at the beginning of July, the price of gold came close to the level of mid-April.
Wednesday, June 07, 2017
Gold Price Breakout? / Commodities / Gold and Silver 2017
By: Gary_Savage
Gold actually broke its bear market trend line last year. There was never any doubt that a new bull market had begun.
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Wednesday, June 07, 2017
Gold Price Is Facing 1295.44 Resistance / Commodities / Gold and Silver 2017
By: Enda_Glynn
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance.
Wednesday, June 07, 2017
Gold Price Rallies / Commodities / Gold and Silver 2017
By: Anthony_Cherniawski
Gold futures have risen to 1298.65 thus far today. I have redrawn the chart to show a probable Broadening Wedge that may allow gold to rally to the Cycle Top at 1335.49. However, I would approach this projection with care, since today Wave 5 has reached equality with Wave 1 and the Cycles Model shows peak strength today, as well. The Broadening Wedge does not require the final rally to touch the upper trendline. Despite all this, should there be a flash crash in equities, gold may still rally higher.
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Tuesday, June 06, 2017
Gold and Silver on Major Buy Signals / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the precious metals markets, noting a new major sell signal in the USD, which supports metal prices.
Our proprietary cycle indicator is down.
Tuesday, June 06, 2017
UK Terrorist Attacks See Gold Price Stay Firm / Commodities / Gold and Silver 2017
By: GoldCore
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.
This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the horrendous incident.
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Tuesday, June 06, 2017
... / Commodities / Gold and Silver 2017
By: Submissions
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Saturday, June 03, 2017
Gold Miners Weak but not Oversold / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed at a 7-month low today, Gold is lagging a bit. Moreover, both Silver and the gold miners have not confirmed Gold’s recent rise. In fact, the miners are lagging the metals “bigly.” At the moment the miners are not so oversold but a reversal in Gold could be the catalyst that pushes miners to oversold extremes.
Saturday, June 03, 2017
Gold Keep Calm and Carry On / Commodities / Gold and Silver 2017
By: The_Gold_Report
As precious metals expert Michael Ballanger ponders the current markets, he vows to "Keep Calm and Carry On." As I was walking through the shopping district of Kingston-on-Thames yesterday, I was wondering whether the locals had gotten the memo that the country remained on "High Alert" in light of the Manchester bombings. Here I was in the middle of an historic "village," walking across the Clattern Bridge (built in 1293) along with thousands of British shoppers, laughing and joking, sitting in pubs, talking about the rugby matches and generally going about their regular daily business as if nothing had happened. If I could have drawn little "thought balloons" above each and every person I observed, there would be one simple image of a raised middle finger everywhere. It was a wonderful, beautiful thing to witness.
Friday, June 02, 2017
Silver Short-Squeeze Potential / Commodities / Gold and Silver 2017
By: Zeal_LLC
Silver has suffered a lackluster year so far, really lagging gold’s upleg. Sentiment is still reeling following silver’s crushing selloff from mid-April to mid-May. But that plunge was largely driven by extreme silver-futures selling by speculators, including a blistering spike in short selling. The resulting excessive shorts have left silver with excellent near-term potential for a short squeeze, which would catapult it rapidly higher.
Technically, silver ultimately acts like a leveraged play on gold. The yellow metal has long been silver’s dominant primary driver. Investors and speculators alike flock to silver when gold is rallying, forcing this tiny market to surge dramatically. But when gold sentiment is weak due to lackluster price action, silver demand from traders dries up. Thus silver drifts listlessly or grinds lower, compounding bearish psychology.
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Friday, June 02, 2017
Silver and NASDAQ Strength Will Reverse / Commodities / Gold and Silver 2017
By: DeviantInvestor
Bubbles come and go.
Silver and gold – 1980
Japanese Nikkei – 1990
NASDAQ – 2000
Mortgages and Real Estate – 2006
Bonds, Debt, Stocks, Real Estate – 2017
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Thursday, June 01, 2017
Gold Price Moves Higher but Miners Don’t / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
Yesterday’s session was yet another one in row when mining stocks underperformed the yellow metal, which continues to have bearish implications. Nonetheless, gold moved to new short-term highs and in today’s alert we’re going to discuss the implications of this move.
In short, there are no important ones. Let’s see why (charts courtesy of http:/stockcharts.com).
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Thursday, June 01, 2017
Gold Benefits from Uncertainty Thanks to Twitter and UK Election / Commodities / Gold and Silver 2017
By: GoldCore
- Gold hits five-week high
- Reaches $1,273.74/oz, highest since April 25th
- Sterling recovers after UK polls point towards a hung Parliament
- Expected Fed-tightening capped gains
- 90-dead in Kabul, further signs of increasing tension in Middle East
- Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding
Thursday, June 01, 2017
[TRADE ALERT] Write This Gold Stock Ticker Down Now / Commodities / Gold and Silver 2017
By: WallStreetNation
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Wednesday, May 31, 2017
Silver Elliottwave Followup: Looking for 16.90 / Commodities / Gold and Silver 2017
By: Submissions
Hoag Trading : Talking Point:
Technical Strategy: Turning Bearish
Elliottwave View: Progressing reversal.
Wednesday, May 31, 2017
Gold Price Seasonal Low / Commodities / Gold and Silver 2017
By: Ed_Carlson
Gold rallied $14.90/oz. last week closing at 1,267.60. On Friday, gold printed a gravestone doji candlestick (bearish). Seasonality is bearish in June. The June/July period has a strong tendency to mark a low. In addition, a 40-wk cycle low is due in July. Despite a whipsaw in Nov-Jan, the 34mo moving average is a good indicator of trend. Currently, gold is above the moving average keeping the long-term trend bullish.
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Tuesday, May 30, 2017
Preparing for THE Bottom: Part 1 - Gold / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
If we look at gold from the long-term perspective, it’s clear that it hasn’t really done much in the recent months – it’s trading in the $1,200 - $1,250 range, which is where it was in the first half of 2016, first half of 2015, for most of 2014 and in the second half of 2013. Overall, despite short-term and medium-term price swings, not much has happened in the past few years.
Tuesday, May 30, 2017
Why Sharia Gold and Bitcoin Point to a Change in Views / Commodities / Gold and Silver 2017
By: GoldCore
- New gold-backed currency OneGram launched
- Backed by one-gram of gold, uses blockchain technology
- OneGram is first in wave of new Shariah, tech-savvy gold products
- 2017 sees big changes for gold thanks to Shariah gold and blockchain
- Gold investors should prepare for tightening in supply
- Bitcoin and shariah gold demand suggest change in retail investor thinking