Category: Gold and Silver 2016
The analysis published under this category are as follows.
Friday, March 04, 2016
Gold Special Update… / Commodities / Gold and Silver 2016
By: Rambus_Chartology
Last week I showed you a daily line chart for GLD which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are aware of the triangle consolidation pattern but its implications may not be understood by most.
Friday, March 04, 2016
Gold Has Surged 24% In Sterling Year To Date on Brexit and Sterling Concerns / Commodities / Gold and Silver 2016
By: GoldCore
Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all currencies.
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Friday, March 04, 2016
Gold Trading Hardest Strategy to Let Your Winners Run / Commodities / Gold and Silver 2016
By: Gary_Savage
One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last 5 weeks as trader after trader has tried to pick the top of the run in metals. Many even trying to short the sector.
I made that mistake many times myself in my early career. Folks a sustained trend doesn’t come around all that often, when you get one you have to ride it for all it’s worth. That’s how the big money is made. And I’ll say this again. Never, never, never short a baby bull. They are unpredictable and extremely aggressive. They almost always go much further than anyone expects. Why? Because everyone has become conditioned for failure by the bear market that preceded it. This is the fuel for a much more sustained move than most people anticipate. Invariably there is a steady stream of top pickers all the way up. They either sell way too early, or they try to short the rally over and over as a revenge trade for missing the move.
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Thursday, March 03, 2016
GLD ETF Continues To Add Gold / Commodities / Gold and Silver 2016
By: Dan_Norcini
The continued build in the number of reported gold holdings in the large gold ETF, GLD, is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.
Here is a chart showing the sharp increase in holdings.
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Thursday, March 03, 2016
Donald Trump – Bad For US Dollar, Good For Gold? / Commodities / Gold and Silver 2016
By: GoldCore
Donald Trump’s emergence as the Republican frontrunner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.
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Wednesday, March 02, 2016
Gold and the US Monetary Base Signals the Greatest Depression / Commodities / Gold and Silver 2016
By: Hubert_Moolman
Gold is currently trading in excess of $1200 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence, then it is at its lowest value it has ever been. This is an example of how paper assets are completely out of tune with tangible (real assets).
Tuesday, March 01, 2016
Is the Gold Price Manipulated? Part IV / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
We have examined the major theories of manipulation in the gold market, so let’s deal with other interesting problems: high-frequency trading, declining inventories in Comex, London bias and gold leasing.
First, some people accuse big banks of suppressing gold prices by not only using ‘naked’ shorts, but also engaging in high-frequency trading (HFT). The HTF is a type of algorithmic trading characterized by the large number of orders at very fast speed (they operate in milli – or microseconds). Many investors believe that bankers using HFT create massive volumes of artificial traffic, or place and quickly cancel orders in order to create waterfall declines in the price of gold.
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Tuesday, March 01, 2016
Gold's Rise: Head Fake or is it the Real Deal? / Commodities / Gold and Silver 2016
By: Bob_Kirtley
The downtrend that has dominated this sector for the last 3 years has been broken by golds sudden and almost vertical rise from its recent lows.
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Tuesday, March 01, 2016
Gold Charts That Will Confuse Bulls And Bears / Commodities / Gold and Silver 2016
By: InvestingHaven
In this article, we feature 4 gold related charts. Two of them are bullish and two are bearish.
The first bullish chart is the gold price with its trend channel since it peaked in 2011. So far, the breakout out of the trend channel is strongly bullish. What gold bulls would like to see now is a successful test of 1200 USD (resistance line). With gold trading only 20 USD above that price point, it will not take long to see the results of that test.
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Tuesday, March 01, 2016
Deutsche Bank Abandons Gold Sub $1000 Call, Says Expensive Insurance / Commodities / Gold and Silver 2016
By: Mike_Shedlock
Deutsche Bank Says has thrown in the towel on its call that gold would fall below $1000 Call. Now DB says buy gold for insurance. Here are a few snips of a Deutsche Bank market research report on gold that came my way via email. The title of the report is "It's Expensive, but You Need Some Insurance".
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Monday, February 29, 2016
Gold in Zero-bound / Commodities / Gold and Silver 2016
By: Michael_J_Kosares
“When you have zero money for so long, the marginal benefits you get through consumption greatly diminish – but there’s one thing that doesn’t diminish, which is unintended consequences.” – Stanley Druckenmiller
Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof. The first two months of business at USAGOLD were reminiscent of the 2009 run to gold. In London, where people have the additional concern of a potential exit from the European Union, investors were lining up around the block to purchase precious metals, and reports were circulating that “Some London banks are placing unusually large orders for physical gold.” For the first two months of the year, the U.S. Mint reported gold coin sales running double what they were for the same period in 2015.
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Monday, February 29, 2016
Crowded Gold / Commodities / Gold and Silver 2016
By: Bob_Loukas
Even though Gold did not continue higher this week, sentiment still seems to be dangerously elevated. Talk of $2,000 Gold and a new bull market has become common, and Gold seems ripe for a fall, at least in the short term. Don’t misinterpret my point – I see the evidence that a new bull market trend is developing, but that’s in the intermediate term. Shorter term, the current rally is approaching its limits.
Monday, February 29, 2016
Gold's Message / Commodities / Gold and Silver 2016
By: Mike_Shedlock
Steen Jakobsen, Saxo Bank CIO and chief economist, emailed a chart of gold last week with his comments on what the chart means. I meant to comment on his comments at the time, but will do so now.
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Monday, February 29, 2016
Silver Prices in Five Years? / Commodities / Gold and Silver 2016
By: DeviantInvestor
What will the price of silver be in 2021? You can find articles suggesting the price of silver will be over $1,000 and under $10. Perhaps this is the wrong question.
A better approach: The global financial system is increasingly unstable and fragile, more so than in 2008. The important question is: How will governments, central banks and financial systems respond to the ongoing crisis? Future prices for silver are dependent upon the answer to that question. I suggest three possible scenarios.
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Monday, February 29, 2016
Silver Price Breaks Lower - Gold and PM Stocks Set to Plunge... / Commodities / Gold and Silver 2016
By: Clive_Maund
In the latest Gold and Silver Market updates, posted last weekend, the view was expressed that an intermediate top was forming gold and silver, not a bull Flag as some were suggesting, and the latest COT data not only confirms this view, but suggests that a severe drop is imminent, and it already started in silver on Friday. Fortunately we exited most of our long positions in the sector, many at a handsome profit, over the past 2 weeks, having spotted the danger.
The latest 1-year chart for gold is - or should be - alarming for those still long the sector. It shows gold churning having hit a target after a parabolic slingshot move that resulted in it becoming heavily overbought. Now it is vulnerable to a reaction which the latest COTs suggest will be heavy. Breakdown from the parabola will likely lead to a dramatic plunge.
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Sunday, February 28, 2016
Gold Price Generates Long-term Buy Signal / Commodities / Gold and Silver 2016
By: Gary_Savage
Gold has just generated a long term buy signal. This is exact;y what should happen if the 8 year cycle low is complete. I've been saying the 8 year cycle low has to occur along with a yearly cycle low, and we got a yearly cycle low in December.
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Saturday, February 27, 2016
Gold And Silver – February Heralding End Of Down Trend? / Commodities / Gold and Silver 2016
By: Michael_Noonan
Applying market logic:
We often state that the market is replete with logic, even for those who do not know how or do not like to look at charts to explain the markets. Charts that explain developing market activity have been superior to all fundamental analysis over the last several years. For us, that statement would include for as long as charts have been maintained, starting with Japan’s rice market, a few hundred years ago.
Most market participants have some [unrequited] need to have fundamentals be the driving force behind their market comprehension. [See the stock market top from 2008 and the ongoing follow-up by fundamentalists who were unable to comprehend how their world of value investing had just been turned upside down. As an aside, charts were flashing a major sell signal after the top but well before the collapse]. We digress…not really. The point is valid.
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Friday, February 26, 2016
OceanaGold’s Epic Fundamentals / Commodities / Gold and Silver 2016
By: Zeal_LLC
With the gold-mining sector’s market-dominating outperformance this year, investors are searching for the best-of-breed gold miners. The elite mid-tier OceanaGold is certainly among them. OceanaGold has truly epic fundamentals, combining super-profitable low-cost gold production with a solid balance sheet and great growth potential. Gold-stock investors really need to seriously consider this gem for their portfolios.
OceanaGold likely derives its name from Oceania, a loose geographic region comprising the islands of the southwest Pacific Ocean. And given OceanaGold’s operations in New Zealand and the Philippines, its name is quite apt. OceanaGold operates several gold mines, and recently acquired a great new gold project in South Carolina. While not widely known yet by American investors, OceanaGold eventually will be.
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Friday, February 26, 2016
Look What’s Happening to Gold Priced in OTHER Currencies [Wow…] / Commodities / Gold and Silver 2016
By: MoneyMetals
At the close of market on the Wednesday this essay was written, the price of one troy ounce of gold was US$1,229. A troy ounce of silver was trading at US$15.25.
Around the world, the price of gold and silver is most commonly quoted in U.S. dollars. As Americans, we tend to think this is the pricing "gold standard." But it's easy to forget that foreign investors generally pay for a purchase in their country's dominant currency.
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Friday, February 26, 2016
“Buy Gold” As “Insurance Is Warranted” – Deutsche Bank / Commodities / Gold and Silver 2016
By: GoldCore
Buy gold as “insurance is warranted” Deutsche Bank have advised in a note issued today.
The embattled German bank has said that rising economic risks and market turmoil mean investors should buy gold for insurance.
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