Category: Gold and Silver 2015
The analysis published under this category are as follows.
Monday, January 26, 2015
Is the Gold Price Rally Over? / Commodities / Gold and Silver 2015
By: P_Radomski_CFA
Briefly: In our opinion speculative short positions (half) are currently justified from the risk/reward perspective.
Gold’s rally took place along with the U.S. dollar’s rally and this was encouraging for gold bulls, but gold’s reaction after the 1,140 billion euro QE program was announced was very disappointing. Is the rally over and will the gold market plunge once again?
In short, it’s possible, but not imminent. Let’s move right to the charts (charts courtesy of http://stockcharts.com).
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Monday, January 26, 2015
Risk of New Debt Crisis After Syriza Victory In Greece / Commodities / Gold and Silver 2015
By: GoldCore
The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets.
The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablised but remains near a 11 year low against the dollar and is now down 16.7 per cent against gold in January alone.
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Monday, January 26, 2015
Comprehensive Silver Price Chart Analysis / Commodities / Gold and Silver 2015
By: Rambus_Chartology
Five days ago silver broke out of an inverse H&S bottom that has temporarily reversed the downtrend. I measured the more conservative price objective using the higher low instead of the Swiss spike low which comes in around the 19.80 area on the log chart. It will be interesting to see if the Swiss spike low will be the ultimate low for the bear market or just a short to intermediate low. Sometimes big trends can end with one last shake out of the weak hands similar to the Swiss spike low.
Monday, January 26, 2015
Decoding the Gold COTs: Myth vs Reality / Commodities / Gold and Silver 2015
By: Dan_Norcini
Over the many years that I have been writing about the commodity futures markets, I have tried to make a point of homing in on the fact that it is the presence of high-powered speculative money flows that drive market action.
Whenever commentators speak of fundamental factors that should go into determining the price of any commodity, they tend to generally speak in terms of demand for the physical product versus the amount of supply for that same product. More often than not, omitted from the discussion is the role that speculators play.
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Sunday, January 25, 2015
Gold And Silver Timing Is Most Important Element / Commodities / Gold and Silver 2015
By: Michael_Noonan
"Excuse me, sir, do you have the time?"
In a Clinton-esque response: "It depends on what the definition of "time" is."
Throughout much of 2013 and all of 2014, there were numerous stories/reports out on what would have to be considered as very bullish prospects for the prices of gold and silver. There were calls for gold to rally anywhere from $3,000 to over $25,000 the ounce, $100 to over $500 the ounce for silver. Almost no one called for both metals to make new recent lows by the end of 2014, where gold was $1,180 and silver $15,50. This was a far cry from even the most conservative bullish calls for much higher prices by the end of 2014.
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Saturday, January 24, 2015
Stock Traders Flock to Gold GLD ETF / Commodities / Gold and Silver 2015
By: Zeal_LLC
Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major reversal in gold’s fortunes. And with their gold exposure remaining near extreme lows, they have vast buying left to do to restore prudent portfolio diversification.
Successful investors have always practiced this essential concept of not putting all their eggs in one basket. This great wisdom is ancient, stretching back at least three millennia to King Solomon’s reign in ancient Israel. In the Biblical book of Ecclesiastes he advised, “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Portfolio diversification is absolutely critical.
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Saturday, January 24, 2015
Gold in Euros Surges As ECB To Print Trillion Euros and Greek Election This Sunday / Commodities / Gold and Silver 2015
By: GoldCore
Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale.
Gold surged 3 per cent in euro terms (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September 2016.
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Saturday, January 24, 2015
Gold Bear Market Rally or New Bull ? / Commodities / Gold and Silver 2015
By: Submissions
Plunger writes: Let’s step back and take a look at where we are and eyeball a few charts. I think one needs to resolve the key question with oneself. Are we in a new bull market or has this been yet another BMR within a big bad bear market that has not yet hit bottom? Rambus’ long term charts argue that the bear is not yet over. My studies with the psychology of bear markets and the categorizing of phases also argue the bear is not over. So if one was to also conclude the bottom is not yet in, then by definition this current 12 week rally is a BMR.
Friday, January 23, 2015
Global QE and the Gold Price / Commodities / Gold and Silver 2015
By: Clif_Droke
After months of waiting, the European Central Bank (ECB) finally carried through with its stated promise of unlimited monetary support to its ailing economy. The ECB announced its own version of quantitative easing (QE) on Thursday, a move which lifted the dark clouds that have recently hung over financial markets.
In March the ECB will begin purchasing 60 billion euros' worth of government and corporate bonds through September 2016. In response to the announcement the equity markets of several major countries rallied while the price of gold and silver also rose.
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Friday, January 23, 2015
Gold Price Due for a Setback? / Commodities / Gold and Silver 2015
By: Dan_Norcini
Now that we have had a chance to see how the dust settled after this historic day in the markets, there are some observations I would like to make.
I want to start out first with the junior mining shares, as evidenced by the GDXJ. The readers know that I have expressed concern over the fact that this group has been lagging the performance of the actual metal. Typically, in a strong upside run in gold, that is not the case as this index tends to outperform the metal itself.
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Friday, January 23, 2015
This Is What Gold Does In A Currency Crisis, Euro Edition / Commodities / Gold and Silver 2015
By: John_Rubino
Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.
Friday, January 23, 2015
Gold New Bull Beginning? / Commodities / Gold and Silver 2015
By: Aden_Forecast
Gold ended 2014 essentially breakeven, being slightly down (1½%). It was a choppy year for gold and a bad year for gold shares.
But it looks like the bear market may now be coming to an end. In fact, it could happen at any time.
The seemingly never ending fall in the oil price, the plunging euro and petro currencies, and weaker stocks all pushed safe haven buying to bonds and gold as the new year got started.
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Wednesday, January 21, 2015
Gold and Silver Early Days / Commodities / Gold and Silver 2015
By: Jesse
After a morning smackdown gold was able to hold its level just below 1300, with silver showing a little more resilience.
Tomorrow we should hear the official word from the ECB, after the 'leak' today of over a trillion in QE per year.
The central banks of the West are 'plowing the oceans.'
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Wednesday, January 21, 2015
Is Gold Pro-cyclical or Anti-cyclical? / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
Is Gold Pro-cyclical or Anti-cyclical?
There are no two identical business cycles. Their courses depend on the many independent actions of market participants. Also, each time money flows and spreads out differently in the economy, affecting distinct prices in various ways. However, according to a general pattern, business cycles can be broken down into four stages, during which distinct assets classes, including gold, behave differently. To understand what may happen in the gold market during a possible recession, we have to examine how changes in the business cycle affect the performance of different asset classes.
Wednesday, January 21, 2015
Gold Price Reaches First Target – Potential Short-term Pull Back Now Possible / Commodities / Gold and Silver 2015
By: MarketsToday
As discussed in our last analysis on gold from January 4, a bearish AB=CD pattern was forming with a 100% D leg completion at 1,273.9. That price target was reached last Friday as gold hit a high of 1,282.11 for the week. Although not assured, a pullback is now possible. In addition to the ABCD completion, potential resistance can also be seen in this general price area from previous price structure (support and resistance).
Tuesday, January 20, 2015
Gold Price Model Says Gold Still Undervalued / Commodities / Gold and Silver 2015
By: DeviantInvestor
Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro, more QE, escalating war in the Ukraine, or simply that gold prices were over-extended and ready to rally.
In my opinion gold reached an important low in November, and in spite of a rising dollar, has rallied since then in dollar terms, and even more in most other fiat currencies.
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Tuesday, January 20, 2015
Gold Demand Explodes as Volatility and Fear Stalk Market / Commodities / Gold and Silver 2015
By: GoldCore
Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is already clear that enormous damage has been wreaked on many businesses exposed to the foreign exchange markets.
GoldCore has seen significant increase in gold demand from investors in the first weeks of January 2015 as compared to the same period in 2014. Gold bullion volume amongst buyers was 3 (365%) times level last year, with particular emphasis being placed on safe secure storage vaults in Zurich and Hong Kong and Singapore.
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Monday, January 19, 2015
Gold Bullish Inverse Head and Shoulders Pattern / Commodities / Gold and Silver 2015
By: Clive_Maund
Nothing has been done to address the structural inadequecies and distortions that lead to the 2008 financial crisis - instead our leaders have resorted to the procrastination made possible by turning to drugs, specifically Quantitative Easing, which has enabled them to clamp interest rates at 0 to prevent the already unserviceable debt load from compounding out of sight. Spearheaded by the US, this money printing policy has now become standard practice around the world, with Europe and Japan following suit in a big way. The notion put about that all this newly printed money can somehow be contained within banks is nonsense as demonstrated by the soaring prices of stockmarkets in developing markets until recently and in various asset bubbles like the boiling London and New York Real Estate markets.
Monday, January 19, 2015
Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve / Commodities / Gold and Silver 2015
By: GoldCore
The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve.
“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement. “Implementation of our new gold storage plan is proceeding smoothly. Operations are running very much according to schedule,” said Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank.
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Monday, January 19, 2015
U.S. Dollar’s Major Breakout and Gold’s Simultaneous Rally / Commodities / Gold and Silver 2015
By: P_Radomski_CFA
Briefly: In our opinion no speculative positions are currently justified from the risk/reward perspective. Being on the long side of the precious metals market with half of the long-term investment capital seems justified from the risk/reward perspective.
Gold soared on Friday once again and so did the USD Index. It was yet another day of the two rallying together, which is a very bullish development. What’s next?
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