Category: Gold and Silver 2018
The analysis published under this category are as follows.Thursday, February 01, 2018
Four Key Trends for Gold Market in 2018 / Commodities / Gold and Silver 2018
The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines?
Solid Gold’s Performance in 2017
The World Gold Council begins its report with a short summary of 2017. The organization points out that gold performed relatively well, given the fact that the global economy picked up, risk assets rose in value, while the Fed hiked interest rates three times. Against this backdrop, the price of gold in U.S. dollars rose 13.5 percent, the biggest annual gain since 2010, actually outperforming many other asset classes.
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Wednesday, January 31, 2018
Plunging Stocks to Push Gold Higher? Fat Chance! / Commodities / Gold and Silver 2018
The bearish case for gold continues as fresh new bearish confirmations have just emerged. You have already read about gold’s huge weekly volume, gold stocks’ underperformance and many other factors. Yesterday’s session provides us with even more bearish details. But, there’s one thing that looks promising for gold bulls – the possibility of a big and sharp decline in the stock market. Some expect money coming out of the stock market to flow into precious metals, thus pushing their prices higher. As much as we love gold (and silver even more) as a very long-term investment, in today’s analysis, we dismiss the above stock-based hope.
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Tuesday, January 30, 2018
Gold Sits in the Central Banks’ Claws / Commodities / Gold and Silver 2018
Central banks remain powerful creatures. Will gold escape from their grip?
Bank of Japan
It’s a hot period in central banking. On Tuesday, the Bank of Japan kept its monetary policy on hold. Kuroda tried to convince the markets that the BoJ won’t follow the Fed towards an exit from easy monetary policy soon. “We haven’t reached the stage of thinking about how to handle an exit [from monetary easing]”, he said. The BoJ Governor also insisted that the bank is fully committed to easy monetary policy and is not about to scale back its stimulus.
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Tuesday, January 30, 2018
Has Gold Bottomed? / Commodities / Gold and Silver 2018
Technical analyst Jack Chan charts the latest movements in the gold and silver markets.
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Monday, January 29, 2018
Gold - You Must Own a Monster Box; North Korea Close to Being Able to Destroy U.S. / Commodities / Gold and Silver 2018
Mike Gleason: Jim, you're a very well-traveled individual who has his finger on the pulse of what's going on, not just here in the states, but around the world. I know you were just in Europe. Is complacency an issue all over the globe or is it just a Western World thing or an American thing? What are people thinking and doing in other parts of the world? I know that's a pretty broad question, but just speak to complacency and what others are doing here to protect themselves for what may be coming.
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Monday, January 29, 2018
THE Week. THE Record. THE Extreme Sign for Gold / Commodities / Gold and Silver 2018
To say that gold’s weekly volume was big is like to say that snails are not the fastest animal. You can't say that it’s a lie, but it doesn't really convey the entire truth, either. Gold’s weekly volume was highest EVER. Yes, ever. There was not a single week – not ever during the 2011 top or when gold declined in 2008 – when gold moved on volume that was higher than what we saw last week.
Is this significant? You bet! The chart below provides details (charts courtesy of http://stockcharts.com).
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Sunday, January 28, 2018
Precious Metals and US Dollar Set To Rollover / Commodities / Gold and Silver 2018
We’ve been warning our members that this move was going to happen and it looks like it is just starting to initiate. The US Dollar and Metals markets are about to rotate in dramatic form over the next few weeks – possibly months. Right now, what we can tell you is that our cycle analysis and adaptive learning models are showing we are in for a very dramatic move in these markets.
This first chart is a GOLD Weekly chart showing our adaptive learning price modeling system and the predicted price activity going forward. One can easily see this weekly double top formation is predicting prices to drop by nearly 5~8% over the next few weeks before basing near the $1250 to $1275 levels. This should be a very clear warning to metals investors that Gold and Silver are setting up for a lower price rotation before the next big move higher.
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Friday, January 26, 2018
Gold Price Upleg Breaking Out / Commodities / Gold and Silver 2018
Gold’s strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold’s bull market is very much alive and well.
While this week’s surge put gold on many more traders’ radars, it has actually been picking up steam for 6 weeks now. Gold’s latest major interim low of $1242 came a couple days before the Fed’s latest rate hike in mid-December. The gold-futures speculators who dominate this metal’s short-term price action have always had a deep and irrational fear of Fed rate hikes. Historically gold has thrived in rate-hike cycles!
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Friday, January 26, 2018
Reversal Day in Precious Metals ? / Commodities / Gold and Silver 2018
Here are a few charts on the USD, Gold, Silver and GDX showing the reversals today. One day does not make a trend, however, and tomorrow is a new trading day.
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Thursday, January 25, 2018
Gold as a Hedge Against Hyperinflation / Commodities / Gold and Silver 2018
LETTER TO THE EDITOR
Dear Mr. Kosares,
I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like “sell-cryptos-buy-gold,” but it is never told what will happen when there is indeed hyperinflation.
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Thursday, January 25, 2018
Gold Gains a Powerful Friend / Commodities / Gold and Silver 2018
Yesterday, gold won an influential supporter in the White House. Who is he?
The Enemy of Gold’s Enemy Is Gold’s Friend
As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold’s friends.
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Thursday, January 25, 2018
Gold Jumps To Crucial Technical Level. Important Action Coming Up / Commodities / Gold and Silver 2018
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline.
The following chart has a couple of technical indicators that, if history still matters, shed some light on the challenges gold now faces. The first is the 50-day moving average, shown here as the thin line that tracks the more colorful price line. Note how when gold’s price spikes above the moving average, it is, in technical terms, “overbought.” In other words, it’s ahead of itself and has to fall to get back into sync with longer-term momentum.
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Wednesday, January 24, 2018
US Dollar Will be Key to Gold Sesame / Commodities / Gold and Silver 2018
Gold may be considered to be a bet against the U.S. dollar. The depreciation of the greenback supported the yellow metal in 2017. The price of gold managed to rise last year in rather unpleasant macroeconomic environment mainly thanks to the weakness of the U.S. dollar. Now, the key question is whether the bearish trend in the greenback will continue or we will see a trend reversal (or actually a continuation of a rebound which started in September)?
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Wednesday, January 24, 2018
A few words on the Gold Sector / Commodities / Gold and Silver 2018
As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.
Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writer bugs are going to further their bullish message and try to get more reader bugs to follow their guidance. But absolutely nothing has changed.
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Wednesday, January 24, 2018
Precious Metals Sector On a Major Buy Signal / Commodities / Gold and Silver 2018
Technical analyst Jack Chan charts the latest movements in the gold and silver markets.
Our proprietary cycle indicator is up.
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Tuesday, January 23, 2018
Unlike the U.S. Government, the Gold Market Never Closes / Commodities / Gold and Silver 2018
The U.S. government partially closed at midnight on Friday. But the UK deals with a much more serious crisis. Potentially also for gold.
So it happened again. The most powerful country in the world didn’t manage to renew another short-term government funding extension. It’s quite embarrassing, but we all should already get used to it. Since 1976, there have been almost 20 previous occurrences. But the world never collapsed. Why should it, given the character of the government? In the worst case it is a parasitic, mafia-style organization, while in the best scenario it is an inefficient bureaucratic Moloch with the dynamism of a sloth.
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Tuesday, January 23, 2018
3 Trends That Could Push Gold Higher in 2018 / Commodities / Gold and Silver 2018
There were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what’s happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course.
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Tuesday, January 23, 2018
Gold Price on the Move / Commodities / Gold and Silver 2018
Since bottoming on December 11, 2017, at $1,242, gold has tacked on nearly $100 to its price. Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss what they see going on.
Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent high exactly when gold reached its low and the two have diverged since then.
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Tuesday, January 23, 2018
Gold Market Consolidates Near Important Levels as Government Shuts Down / Commodities / Gold and Silver 2018
The gold market has been mired in a four-and-a-half year basing pattern. The rally that began late last year has taken prices up toward a major resistance zone. It’s make or break time!
Also, on the cusp of a potentially big move is the bond market.
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Tuesday, January 23, 2018
Precious Metals Are Building Another Launching Pad / Commodities / Gold and Silver 2018
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018.
Since I have been on vacation for the last two weeks, and will be traveling again this week to LA and NYC, I am going to keep this update a bit shorter than normal.
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