Category: Gold and Silver 2017
The analysis published under this category are as follows.
Monday, April 17, 2017
How Investors Can Buy Gold At A 6% Discount Today / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : Since the election, the Dow Jones Industrial Average is up over 13% while the S&P 500 is up 11%. One victim of the move into risk assets was gold, which plunged over 13% in the weeks following the election.
Although gold prices have since recovered some of their losses, the yellow metal’s drop has created a buying opportunity for those wanting to add bullion to their portfolios.
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Friday, April 14, 2017
Trump’s Budget Plan and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
After a long wait, President has finally presented his budget blueprint “to make America great again”. Let’s analyze its possible impact on the gold market. First, we need to praise a 1.2 percent cut in discretionary spending, on balance. In particular, Trump wants to cut the budget of the Environmental Protection Agency by 31 percent, the budget of the Department of State and USAID by 29 percent, and both the budget of the Department of Labor and the Department of Agriculture by 21 percent. The table below summarizes the proposed changes in the allocation of discretionary budget funds.
Thursday, April 13, 2017
Best Strategies To Survive A Financial Crisis In Your Home Country / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : Praised be the 17th-century Italian wisecrack who noted that you shouldn’t “keep all your eggs in one basket.” It’s still true today and just as applicable to life as to investing.
If you live and work in the US, bank in the US, invest with a US brokerage, and hold your savings in US dollars—your eggs could use some diversification.
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Thursday, April 13, 2017
5 Events This Year That Could Spark The Next Gold Bull Market / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride:
Gold had a satisfying first quarter, rising 9% since the beginning of the year. While that can be considered a good start, five events sprinkled throughout 2017 could send it much higher.
Wednesday, April 12, 2017
Gold Topping? / Commodities / Gold and Silver 2017
By: Gary_Savage
Chances are very good that gold has topped or will do so by early next week. What follows will be an intermediate degree correction.
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Wednesday, April 12, 2017
Gold Prices Surge Above Key 200 Day Moving Average $1270 Level / Commodities / Gold and Silver 2017
By: GoldCore
– Gold price breaks above key 200-day moving average
– Gold hits 5-month high on back of investor nervousness
– Safe haven has 10% gains in 2017 after 9% gains in 2016
– Gold options signal more gains as ETF buying increases
Wednesday, April 12, 2017
Rising Geopolitical Tensions Ignite Fire Under Gold and Silver Prices / Commodities / Gold and Silver 2017
By: Jason_Hamlin
Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the highest print for gold since the election of Trump. Silver also rocketed higher, climbing more than 40 cents (2.2%) to $18.35.
But it was not just the magnitude of the move higher that is important. Gold finally broke through the $1,260 price level, which was previous resistance and the 200-day moving average, to make a new 2017 high. We would like to see at least one more day of gold holding above this price level, but the implications of this move are significant. The RSI momentum indicator is also pointed higher with room to run before becoming overbought.
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Wednesday, April 12, 2017
Charts courtesy of Jack ChanTrump's Missile Strike on Syria and Gold / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Clive Maund charts gold's movements following the U.S. missile attack on a Syrian airbase. In Britain in the old days there was a saying, which was "Buy on a strike." It had nothing to do with economics and everything to do with psychology. When a general strike by workers was declared, stock prices would have fallen up to the point at which the strike started, when the economic outlook would have been at its worst, but well before the strike ended they would actually start rising again, as investors perceived an eventual resolution of the problems. Thus, savvy investors who bought when things looked at their worst would have made the best of the situation.
Tuesday, April 11, 2017
Gold's Outperformance and Huge Reversal / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
Several things happened on Friday and the markets reacted to them, so it's not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn't decline substantially even though the USD rallied? Was gold's reaction adequate, too small or too big?
Let's start the discussion with a reminder of one of the reasons for Friday's pre-market rally. In Friday's Gold Trading Alert, we wrote the following:
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Tuesday, April 11, 2017
Bank of England Rigging LIBOR – Gold Market Too? / Commodities / Gold and Silver 2017
By: GoldCore
– Bank of England implicated in LIBOR scandal by BBC
– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
– “This goes much much higher than me” -UBS’ Tom Hayes
– Libor distraction as all markets are manipulated today
– Central bank’s “rigging” bond markets and likely gold
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Tuesday, April 11, 2017
Latest Developments in the Gold and Silver Markets / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Jack Chan charts the latest developments in the gold and silver markets, including an all-time high in speculation in silver.
Saturday, April 08, 2017
Gold Price and Gaps / Commodities / Gold and Silver 2017
By: SurfCity
irst, let me say that a new high by Gold in week 16 of this current Intermediate Cycle is an extremely positive development as we now have a setup that should ensure that Gold has a Right Translated cycle that makes a higher Intermediate Low than the December 2016 YCL. Should this play out to Cycle norms, the next Intermediate Low will be an excellent buying opportunity regardless if you are adding to positions or restocking the shelf. My current expectation is that the next IC Low will be in the May/June timeframe with May being a strong possibility.
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Saturday, April 08, 2017
Bearish Reversal in Gold and Silver / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average before it moved higher but it then reversed strongly and even below its 200-day moving average. The miners, which have been much weaker than the metals were mostly unchanged but after opening higher. Today’s bearish reversal could signal an imminent decline in the entire complex or just signal that more time is needed before the next attempt at a breakout.
Saturday, April 08, 2017
Gold - Is .0006th Of An Oz Of Significant Enough To Call The Bottom? / Commodities / Gold and Silver 2017
By: Michael_Noonan
Yes.
.0006th of an ounce of gold = 80 cents, at $1250 the oz. How can 80 cents be significant relative to gold at that price? It is a tiny gap in price that was never filled. The probability of December 2015 being the end of the downside correction since the 2011 highs grows with each passing week/month. As our regular readers know, our focus is solely on developing market activity as determined by price and volume over time. We pay attention to what the market is saying about its participants and not what others are saying about the market.
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Friday, April 07, 2017
Gold Standard Challenges / Commodities / Gold and Silver 2017
By: Jim_Willie_CB
Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds on the practicality of gold used as a standard. The article is entitled “The Problem With Gold-Backed Currencies” (which is found HERE and also on Lew Rockwell site HERE). He makes several points, many good ones. In the Jackass opinion, his analysis avoids many potential solution features, is premature on focus of the currency (and not trade), and is unfortunately backwards in the logic. The main criticism to put on the work is that he confuses the extreme difficulties created from decades of fiat currencies, with the supposed problems of installation of gold-backed currency. The entire article is not well developed, seems sketchy, and misses numerous very important features which are being considered. He does put many critical issues on the table, valuable for discussion. He offers no solution to his stated problems. In modern parlance, the logic put forth would indicate that since a heroin addict has so much difficulty with kicking the deadly habit, ravaged by delirious tremens, beset by extreme health problems, that one should conclude movement toward a clean sober life would have problems and simply would not work. Thus the backwards logic. Unfortunately, CHSmith produces straw dogs in the face of absent solutions. Let us examine the points made.
Friday, April 07, 2017
Gold, Silver and Oil Spike After U.S. Bombs Syria / Commodities / Gold and Silver 2017
By: GoldCore
– Gold silver oil spike after U.S. bombs Syria
– Gold and silver spike 1% as oil rises 1.4%
– Gold breaks 200 day moving average, 4th week of gains
– Stocks fall after U.S. strikes in Syria rattle markets
– U.S. missiles hit airbase; Lavrov says no Russian casualties; Russia deploys cruise missile frigate to Syria
Friday, April 07, 2017
Gold Market in Q1 and the Outlook for 2017 / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
Gold performed really well in the first quarter of 2017. As the chart below shows, the rally started at the end of December 2016. The yellow metal bottomed at $1,125.7 on December 20, just a few days after the FOMC meeting and the second interest rate hike for almost a decade. Since then, the shiny metal gained about 11 percent.
Thursday, April 06, 2017
Buy Precious, Sell Base (Metals). . . / Commodities / Gold and Silver 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.
As the debate rages on and on and on concerning the global economic expansion (U.S.)/recovery (Eurozone)/Ponzi (China/U.K.), I am beginning to feel like a tennis ball in the heated heart of the 1981 McEnroe/Borg Wimbledon final being batted back and forth over the proverbial "Net" of Indecision, Confusion and Fear.
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Thursday, April 06, 2017
Gold and Silver Boom or Bust? / Commodities / Gold and Silver 2017
By: Hubert_Moolman
Gold and silver prices are at a critical point. It appears that we will see massive price movements up or down, soon. Conditions are very similar to that of the early 80s (circa 1983), for example, when the Dow had just made a significant breakout, after a 17-year consolidation. See below, a long term chart for the Dow (generated at tradingview.com):
Tuesday, April 04, 2017
Negative Real Interest Rates to Drive Gold Price Higher / Commodities / Gold and Silver 2017
By: John_Mauldin
At its March meeting, the Federal Reserve raised interest rates by 0.25%. In doing so, it hiked rates for only the third time since 2006. However, in a strange turn of events, the Fed’s move was perceived as a dovish one by the markets.
That’s because even with inflation at its highest level since 2012, the Fed said monetary policy will remain accommodative “for some time.” As has been the case in the past, the Fed is willing to let inflation consolidate above its 2% target before embarking on a more aggressive tightening path.
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