Category: Gold and Silver 2018
The analysis published under this category are as follows.Thursday, January 11, 2018
Gold Prices Rise To $1,326/oz as China U.S. Treasury Buying Report Creates Volatility / Commodities / Gold and Silver 2018
– Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying
– Equities fell sharply on the report as did Treasurys and the U.S. dollar
– Chinese officials think U.S. debt is becoming less attractive compared to other assets
– Trade tensions could provide a reason to slow down or halt U.S. debt purchases
– U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt
– Currency wars to return as China rejects U.S. hegemony in Asia
Wednesday, January 10, 2018
Gold Hits All-Time Highs Priced In Emerging Market Currencies / Commodities / Gold and Silver 2018
– Gold at all time in eight major emerging market currencies
– A stronger performance than seen when priced in USD, EUR or GBP
– As world steps away from US dollar hegemony expect new gold highs in $, € and £
– Gold is a hedge against currency debasement and depreciation of fiat currencies
Wednesday, January 10, 2018
Here are the Key Levels in Gold & Gold Miners / Commodities / Gold and Silver 2018
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.
The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consolidating just below $35. If this consolidation turns into a correction then GDX and GDXJ could find support at their 200-day moving averages which are at $22.71 and $33.37 respectively. As you can see, should GDX and GDXJ be able to exceed recent peaks then they could rally towards important resistance levels. Those are $25.50 for GDX and $38 for GDXJ.
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Tuesday, January 09, 2018
Gold Prices Choppy after Payrolls / Commodities / Gold and Silver 2018
The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why?
December Payrolls Disappoint
Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and health services (+28,000), and manufacturing (+25,000). The latter rise is a particularly bright spot, given the not-so-distant problems of the sector. On the other hand, retail trade cut 20,000 jobs, which confirms that some traditional brick-and-mortar stores struggle.
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Tuesday, January 09, 2018
More Important Than Gold’s Bottoming Price / Commodities / Gold and Silver 2018
Time is more important than price. That’s what we – investors – are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus they should expect to see another big downswing shortly. With time, things are clearer. The time for a given move is up and the price reverses. When is gold likely to finally bottom?
Between August and October 2018. That’s the most up-to-date estimate based on the data that we have right now. Here’s why (charts courtesy of http://stockcharts.com).
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Tuesday, January 09, 2018
Getting Bullish on Gold / Commodities / Gold and Silver 2018
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss gold's recent moves and potential signs of a bull market.
Gold is up nine of the last 12 Januaries with an average gain of over 4%, and the trend has continued in 2018 with gold reaching an intraday high of $1,327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption of the gold bull market?
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Monday, January 08, 2018
Gold – What Are We Waiting For? / Commodities / Gold and Silver 2018
The other shoe to drop? The next big move? Up or down?
Gold’s reign as the “next big thing” ended seven years ago. Too many people don’t want to admit that, but its true. Those who are ‘bullish’ on gold cannot let go.
Their behavior is typical of those who have missed the boat. And they don’t want to admit it, or believe it. And their problem is compounded by the fact that they originally viewed gold as a quality investment. Now they continue to point out all of the fundamental reasons gold should go much higher. We are told it is undervalued, unappreciated, unloved. And, of course, the price is manipulated, too.
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Saturday, January 06, 2018
Precious Metals Markets Outlook 2018 / Commodities / Gold and Silver 2018
The first trading days of 2018 are confirming signs of renewed investor interest in the precious metals sector after a long period of malaise.
Gold and silver markets entered the year with some stealth momentum after quietly posting gains late in 2017. Gold finished the year above $1,300/oz. – its best yearly close since 2012.
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Friday, January 05, 2018
The Gold Market in 2017 / Commodities / Gold and Silver 2018
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most of the year.
However, all that glitters is not gold, and all that does not fluctuate like Bitcoin is not uninteresting. Actually, the price of bullion gained more than 12 percent, as one can see in the chart below.
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Friday, January 05, 2018
Spectre and Meltdown Highlight Online Banking and Digital Gold Risks / Commodities / Gold and Silver 2018
– Critical hardware flaw breaks basic security: risks to online banking & digital assets
– Nearly all computers worldwide, smartphones and other devices – exposed to major security risk
– Two separate security flaws identified in devices powered by Intel, ARM and AMD chips
– Vulnerability known about for six months by tech insiders
– Cyber crime represents the biggest transfer of economic wealth in history
– Cyber crime damage costs to hit $6 trillion annually by 2021
– All digital assets and information at risk
– Crypto currencies, digital assets including gold exposed
– Physical gold’s benefits highlighted
Editor: Mark O’Byrne
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Friday, January 05, 2018
Three Key Takeaways from December 2017 FOMC Minutes for Gold / Commodities / Gold and Silver 2018
Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market?
The Fed Is Divided over Number of Hikes in 2018
At the December meeting, the U.S. central bank increased the federal funds rate by a quarter percentage point to a range 1.25-1.50 percent. The move was widely expected by investors, but there was no unanimity at the meeting as two FOMC members dissented. The Fed officials were also divided over the forecast of three rate hikes in 2018. The hawks noted that more hikes would be appropriate as financial conditions had not tightened since the Fed started raising rates at the end of 2015. On the other hand, the doves pointed out that too aggressive hiking might prevent a sustained return of inflation:
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Friday, January 05, 2018
Don’t Look Now, but Gold Just Finished Its Best Year Since 2011 / Commodities / Gold and Silver 2018
Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.
Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%.
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Thursday, January 04, 2018
The GOLD OIL Ratio / Commodities / Gold and Silver 2018
The gold:oil ratio has been trending in favor of oil for a number of months. I look for this trend to reverse soon in favor of gold.
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Tuesday, January 02, 2018
Gold, Silver Predictions 2018 / Commodities / Gold and Silver 2018
A major shift in sentiment will drive prices in the new year
With such a solid end to 2017, it prompts the question what we might expect of gold in 2018. The most immediate question is whether or not it will pick up where it left off 2017 and continue its climb into the New Year, or fizzle and spend the year going sideways or worse, down. I have refrained from the perennial turn of the year prediction sweepstakes for a number years, but I will venture out on the limb this year to say a price in the mid-$1500s looks achievable in 2018.
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Sunday, December 31, 2017
The End of the World as We Know It - Gold Safe Haven / Commodities / Gold and Silver 2018
Imaginations of the Misguided
It’s Christmas 2017 and North Korean Dear Leader Kim Jong-un is facing a crisis. Recently the United States, with UN approval, imposed the harshest round of economic sanctions yet on his reclusive regime.
While North Korea has been sanctioned since 2006 due to continuing attempts to develop nuclear weapons, this new provocation by its sworn nemesis is the last straw for Kim, who feels the great legacies of his father and grandfather, Kim Jong-il and Kim Il-sung, weighing more heavily each day.
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Thursday, December 28, 2017
Silver Is a Strong Buy / Commodities / Gold and Silver 2018
For many weeks we have been waiting patiently, like vultures perched on the branches of trees, for the Large Specs to go belly up and croak, and the good news is that they just have, so it's time for us to swoop down and feast on the carcasses, the carcasses being silver and the better silver stocks, which are at good prices here, and although they have already started rallying over the past week or two, the COT structure is now much healthier, suggesting that they will continue to advance.
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Friday, December 22, 2017
Gold Stocks Coiled Spring Ready for Massive Breakout Upleg 2018 / Commodities / Gold and Silver 2018
The gold miners’ stocks largely ground sideways in 2017, lagging gold’s solid rally. Being trapped in this vexing consolidation has decimated sentiment, leaving a bearish wasteland bereft of hope. But contrary to perceptions, this deeply-out-of-favor sector is actually a coiled spring today. Gold stocks are ready to surge dramatically higher as psychology inevitably shifts, pointing to much higher prices coming in 2018.
The main appeal of gold-mining stocks is their underlying profits’ leverage to gold. The gold miners are much riskier than gold itself, facing many operational, geological, and geopolitical challenges that the metal doesn’t share. Thus investors and speculators alike must be compensated for these large added risks with superior returns to gold. That didn’t happen in 2017, which is why gold stocks are so widely despised.
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Monday, December 18, 2017
Should You Consider Investing/ Buying Gold or Bitcoin? / Commodities / Gold and Silver 2018
Recently, we have been asked by a number of clients about the precious metals and what our advice would be with regards to buying, selling or holding physical or trading positions in the metals. There are really only a few short and simple answers to this question and they are revolve around the concept of providing a hedge against risk, capital preservation and opportunity for returns. Let's explore the details a bit further.
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Monday, December 18, 2017
Gold – Technical Obfuscation, Fundamentals, Predictions / Commodities / Gold and Silver 2018
It is pretty much expected today that any investment analysis with justifiable conclusions will be steeped in technical study that includes lots of charts.
This seems especially true of gold.
Which is all well and good, I suppose; except for the obfuscation:
Obfuscation is the obscuring of the intended meaning of communication by making the message difficult to understand, usually with confusing and ambiguous language. The obfuscation might be either unintentional or intentional (although intent usually is connoted), and is accomplished with circumlocution (talking around the subject), the use of jargon (technical language of a profession), and the use of an argot (ingroup language) of limited communicative value to outsiders.[1]
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