Category: Gold and Silver 2014
The analysis published under this category are as follows.Tuesday, April 22, 2014
Silver Up, Stocks S&P Down / Stock-Markets / Gold and Silver 2014
Silver has had three bad years while the S&P has had five good years. It is time for both markets to reverse.
Examine the following graph of Silver versus the Silver to S&P ratio. It tells me the ratio has returned to levels seen in 2008 and that the ratio follows the price of silver. This is interesting but not that helpful.
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Monday, April 21, 2014
Strong U.S. Dollar Rally Could Pull Rug From Under Gold and Silver / Commodities / Gold and Silver 2014
In the context of the magnitude of the rally from the December lows that preceded it, gold's reaction from its March highs, see 1-year chart below, seems like a reasonable correction, although there have been some factors indicating that this is not a normal healthy reaction, such as the high downside volume, particularly in stocks.
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Monday, April 21, 2014
Silver Feeble Rally Fails to Hold Breakout, Falling Back Towards Support / Commodities / Gold and Silver 2014
Silver's recent rally was feeble compared to gold's, and the retreat that followed has already erased all of the gains made, and already brought it back close to key support at its June and December lows, as we can see on its 1-year chart below. This much lower high and recent preponderance of downside volume are negatives that portend a severe test of this support and its possible failure soon. However it should be noted here that failure of this support won't necessarily lead to a severe decline, as it may be that silver simply wants to gravitate towards its long-term uptrend line, which we can see on the long-term chart further down the page, which is now not all that far beneath the support.
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Monday, April 21, 2014
Press Anti-Gold Scare Tactics Largely Ineffective / Commodities / Gold and Silver 2014
Under normal circumstances, I might let a rutty headline about gold in the Financial Times pass without much notice. I say “rutty” because the Financial Times has long been stuck in a rut as one of the principle apologists for Keynesian economics — big banks, big deficits, big governments and powerful central banks. It doesn’t think much of gold enthusiasts and gold enthusiasts do not think much of it. (Although I still read it every morning.)
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Sunday, April 20, 2014
Gold and Silver - Counting Blessings and Tender Mercies / Commodities / Gold and Silver 2014
The markets were quiet today for a stock option expiration ahead of a three day weekend.
Next Thursday there will be an option expiration on the Comex for precious metals on Thursday the 24th. I would expect it to be relatively quiet since May is not a major contract month.
There were more deliveries on the April contract declared, but little activity has been reflected in the Comex warehouses.
Sunday, April 20, 2014
Gold And Silver - Gann, Cardinal Grand Cross, A Mousetrap, And Wrong Expectations / Commodities / Gold and Silver 2014
W D Gann has long been recognized as an astute market trader, and followers of Gann have been trying to figure out his genius. The best way to describe how he made so many successful market calls is, in a word, astrology. Having died in 1955, we did not know him, but we were fortunate enough to have met and befriended his assistant, Robert Courter. He, too, has since died, but he confirmed what many who study Gann know, that William Delbert Gann was an extraordinary astrologer, exceptional.
The Square of Nine, the Circle of 360, his Hexagon, and Master Charts were all based on astrology. He did not openly admit that in his newsletters and writings, but he often mentioned "wheels within wheels," which was how the planets revolved around the Sun. Most people believe astrology to be akin to reading tea leaves or using a Ouija board, and he did not want to be put into that category.
Saturday, April 19, 2014
Goldman Sachs Is Highly Motivated To Low-Ball Gold Price / Commodities / Gold and Silver 2014
The distinguished analysts from Goldman Sachs reiterated their 2014 forecast for gold to hit $1,050 by the end of the year. They believe the paper price of gold will continue to decline as the supposed "Powerhouse" U.S. economy picks up speed and accelerates growth.
If someone recently had a frontal lobotomy... this forecast might make perfect sense. On the other hand, if a person belongs to the 95-99% group of Americans who believe everything coming from the Boob Tube, this forecast is exactly what the doctor ordered.
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Friday, April 18, 2014
Silver Conspiracy Fact Versus Conspiracy Theory / Commodities / Gold and Silver 2014
“The few who understand the system will either be so interested from its profits, or so dependent on its favors that there will be no opposition from that class.” -Rothschild Brothers of London, 1863
The mainstream is on an academically-driven mission to politicize conspiracy theories and lump them all into the same category. While gold and silver manipulation is an ancient conspiracy fact, eyes are wide shut to the general awareness in the face of one revelation after another.
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Thursday, April 17, 2014
Gold, Silver and Stalling Economies / Commodities / Gold and Silver 2014
It wasn’t meant to be like this: six years of global money-printing should have guaranteed economic recovery. Until very recently, there was hope that finally the medicine was having some effect; but in the last few weeks investors have become noticeably more cautious. Is it Ukraine, or is it the slow-down in China? Whatever the story the truth is revealed in the chart of recent US bond prices shown below.
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Thursday, April 17, 2014
Gold - Coming Super Bubble / Commodities / Gold and Silver 2014
By Louis James, Chief Metals & Mining Investment Strategist
In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble.
Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a very real potential for hyperinflation in the US.
Thursday, April 17, 2014
GOLD Elliott Wave Down D Wave / Commodities / Gold and Silver 2014
On Gold we presented a triangle idea few weeks back, with wave C rally up to 1380/1400 resistance area. Market sold of sharply from that levels in March and it seems that price is ready to continue lower in April as current decline looks impulsive, labeled as wave (a). With that said, we suspect that wave D will fall down to around 1240/1270 zone after a completed sub-wave (b) that may look for a top formation in the next week or two in 1320/1360 area.
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Wednesday, April 16, 2014
Gold Prices 2014: Do What Goldman Does, Not What It Says / Commodities / Gold and Silver 2014
David Zeiler writes: Goldman Sachs (NYSE: GS) must really want to buy more gold; this week it repeated yet again its forecast for gold prices in 2014 to drop to $1,050 an ounce.
That might sound contradictory at first, but not when it comes to Goldman.
Jeffrey Currie, the investment bank's head of commodities research, has repeated his $1,050 target several times since last October, when he declared gold a "slam-dunk sell" along with other precious metals.
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Wednesday, April 16, 2014
Silver and Gold Miners Still Disappoint / Commodities / Gold and Silver 2014
Briefly: In our opinion speculative short positions (full) in gold, silver, and mining stocks are justified from the risk/reward perspective.
Yesterday, we emphasized that the situation in the mining stock sector was bearish. We wrote the following:
One could argue that the general stock market also declined and it was this factor that caused the decline in miners. Yes, stocks declined overall, but if the mining stocks and precious metals sector in general wasn’t weak and about to decline anyway, miners would have not responded as decisively as they did. Miners underperformed gold once again on Friday and the short positions that we opened last week are already profitable.
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Tuesday, April 15, 2014
Silver, Gold, and What Could Go Wrong / Commodities / Gold and Silver 2014
Richard Russell is almost 90 years old and has seen it all. He recently stated:
Read full article... Read full article...“My advice, as it has been, is to move to the sidelines while holding large positions in physical silver and gold. Regardless of what the markets do, silver and gold represent eternal wealth, and the bid to sleep undisturbed at night. No amount of money is worth the loss of peace of mind. The power of gold opened the American West and populated Alaska. Men have spent their lives searching for gold. You can own gold by the simple action of swapping Federal Reserve notes for the yellow metal. I advise you to do it.” Richard Russell – April 10, 2014
Tuesday, April 15, 2014
Understanding (and Ignoring) the Media Bandwagon Against Gold / Commodities / Gold and Silver 2014
For those of us who media often refers to as “gold bugs”, the fragility of popular sentiment toward not just gold and silver, but toward all investments generally, is the biggest barrier to a sane, free and fair market. The willingness of the majority to embrace opinions parroted by mainstream media and repeated dutifully by talking heads and other erstwhile shills for U.S. dollar interests simply because they are far more numerous than negative ones, and are delivered by talking heads who manage billions, is frustrating.
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Monday, April 14, 2014
Silver Price Ultimate Rally: When Paper Assets Collapse / Commodities / Gold and Silver 2014
The relationship between the Dow and silver has been very consistent during the last 100 years. After each of the major Dow peaks (real, not necessarily nominal peaks), we eventually had a major bottom in silver. Below, is a 100-year inflation-adjusted Dow chart:
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Sunday, April 13, 2014
Gold and Silver Flight To Safety / Commodities / Gold and Silver 2014
The miners continued to get pounded along with tech momentum stocks as this week turned out badly for equities overall.
Gold is still outperforming silver, and has the taste of a minor 'flight to safety' in the price action.
The Comex warehouses continue to be a foggy snoozer, and stopped contracts are a formidable percentage of the deliverable gold category.
Saturday, April 12, 2014
Gold And Silver – 2014 Coud Be A Yawner; Be Prepared For A Surprise / Commodities / Gold and Silver 2014
For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date.
What is likely to cause a sharp price reversal to the upside for gold and silver? If both were allowed to simply adjust to inflation, you would see a fairly substantial rally. Given that will not be the case, what will be a/the catalyst for a precious metal [PM] change in trend?
Saturday, April 12, 2014
Gold Preparing to Launch as U.S. Dollar Drops to Key Support / Commodities / Gold and Silver 2014
Gold bugs have been forecasting a dollar collapse for years. They have been correct about the gold price, which has advanced nearly 400% in the past 12 years versus a gain of just 64% for the S&P 500. They were also correct about the dollar during the first phase of the gold bull market (2001-2008), when the USD index fell from 120 to around 72.
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Friday, April 11, 2014
GDX Gold Stocks Benchmark / Commodities / Gold and Silver 2014
The American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance. Nearing its eighth birthday, GDX has even usurped the venerable HUI gold-stock index as this sector’s metric of choice in many circles. While GDX has advantages and disadvantages compared to the traditional HUI, it is an excellent gold-stock benchmark. But it still falls far short of individual stock picking.
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