Category: Gold and Silver 2017
The analysis published under this category are as follows.
Saturday, August 05, 2017
Gold Consolidates On 2.5% Gain In July After Dollar 5 Monthly Decline / Commodities / Gold and Silver 2017
By: GoldCore
– Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline
– Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar
– All eyes on non farm payrolls today for further signs of weakness in U.S. economy
– Gold recovers from 1.7% decline in June as dollar falls
– Gold outperforms stocks and benchmark S&P 500 YTD
Friday, August 04, 2017
Silver Analogies – Invalidated? / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
Some time ago we discussed the analogies in the silver market and the implication of the analogies was that a big decline should follow. However, we have not seen anything epic on a medium-term basis – only a local (yet powerful) intra-day slide. Was the analogy invalidated and did the outlook become bullish?
Let’s take a closer look at the silver chart (charts courtesy of http://stockcharts.com) and begin today’s analysis by reminding ourselves the analogies that we are going to discuss in greater detail.
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Thursday, August 03, 2017
Copper Price Cycles Update / Commodities / Gold and Silver 2017
By: SurfCity
My gut tells me that Copper will likely test the $3 level before its 5-6 month Intermediate Cycle tops out. The daily RSI is in the nosebleed section, however, as we are approaching the 3 month mark in its current uptrend.
Nearer term, my Trading Cycle count is a bit cloudy but my preferred count is day 31. We have formed a swing low once again but we did so last week only to move slightly higher.
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Wednesday, August 02, 2017
Precious Metals Break Out Now Or In A Few Weeks? / Commodities / Gold and Silver 2017
By: Avi_Gilburt
This past week, the GDX has finally taken out its resistance at 22.65, and provided us with some semblance of an impulsive structure off the recent lows. However, the micro structure it is not the cleanest of structures, similar to silver.
Yet, as long as the metals do not break below their July lows, we are again set up to see a massive break out. While I still cannot tell you if the metals will take advantage of that set up, as they failed to do so the last time we had a break out set up, if they do not take advantage of this set up within the next few weeks, we could see a major failure to launch take hold, and drop us lower than the bulls would care for. So, it seems it’s time for the metals to step up.
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Wednesday, August 02, 2017
Gold and Silver Seasonality an Advantage to Seasoned Investors / Commodities / Gold and Silver 2017
By: Michael_J_Kosares
Many investors rightly believe that the gold and silver markets are moved most by geopolitical events, monetary policy, shifting economic paradigms such as inflation or deflation, and a number of other factors - most of which are covered regularly in this newsletter. Few know that there is another aspect to gold and silver's price behavior and that is its seasonality, as shown in the charts immediately below. Seasoned physical precious metals investors often time their purchases during the so-called "summer doldrums" when business is quiet and prices are down. It doesn't always work out that the price trends higher in the second half of the year. (Last year, for example, gold hit its peak of the year in July – the heart of the doldrums.) Given a 20-year history, though, it happens enough to warrant attention. Here we are in August – the month, as you can see, that offers a last chance before we move into the fall and winter busy season and its traditional predisposition to higher prices.
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Wednesday, August 02, 2017
What a US Dollar Rebound Means for Gold Price / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00. While this has certainly fueled the strength in precious metals, it has not been able to lift the sector as much as typically expected. That is because Gold’s performance relative to other assets has been weak and much weaker than in 2016. Friday Gold broke above key resistance of $1260/oz but it remains below its 2017 highs as the US$ index tests support amid a very oversold condition and negative sentiment. Simply put, Gold will have to prove itself in real terms if it is going to hold its ground or breakout as the US$ begins a likely bounce.
Tuesday, August 01, 2017
What Investors Can Learn From the Japanese Art of Kintsukuroi / Commodities / Gold and Silver 2017
By: GoldCore
– What investors can learn from the Japanese art of Kintsukuroi or Kintsugi – art of repairing broken pottery with gold
– Investors and savers can protect their savings with gold
– Savers and investors are being punished by negative to low interest rates
– Global debt levels, stock bubbles and reduced liquidity will lead to crisis
– Reinforce cracks with gold prior to money pot shatters
Monday, July 31, 2017
Bitcoin, ICO Risk Versus Immutable Gold and Silver / Commodities / Gold and Silver 2017
By: GoldCore
– Latest developments show risks in crypto currencies
– Confusion as bitcoin may split tomorrow
– SEC stepped into express concern over ICOs
– ICOs have so far raised $1.2 billion in 2017
– ICOs preying on lack of understanding from investors
– Physical gold not vulnerable to technological risk
– Beauty and safety in simplicity of gold and silver
Monday, July 31, 2017
Gold Price Would Test 1300 Resistance / Commodities / Gold and Silver 2017
By: Franco_Shao
XAUUSD recently broke above 1258.78 resistance and continued its bullish movement from the July 10 low of 1204.77, and the bullish movement extended to as high as 1270.81.
Monday, July 31, 2017
Precious Metals Stocks Alert: Gold Powerful Upleg Believed Imminent / Commodities / Gold and Silver 2017
By: Clive_Maund
Clive Maund analyzes the significant increase in Large Spec positions in gold and silver in the past week, and the gold stocks to gold ratio.
The significant increase in Large Spec long positions this past week in gold and silver from a very low level might be cause of concern to some, since it of course increases the risk of a reaction in these metals, but there is another much more positive way of looking at it, which is that, in the face of a continued albeit incremental rise in the prices of gold and silver, the Large Specs have suddenly realized their mistake in bailing out over the past couple of months, and are scrambling to get back on board.
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Sunday, July 30, 2017
Gold And Silver – Value Remains Irrelevant To Price / Commodities / Gold and Silver 2017
By: Michael_Noonan
Value is subjective, reflective of one’s feelings or opinions. In the minds of those who value gold, throughout the ages and around the world, this precious metal is deemed to have an intrinsic value superior to most other assets. The well-used adjective, intrinsic, is also subjective, construed as essential, belonging naturally in its association with gold. In the end, “intrinsic value” is elusive, a figment of one’s mind.
There are many, and we fall in this camp, who associate gold with an inherent preservation of wealth. This has been true throughout history but with intervening failures during some time frames. Failure may not be the most apt expression, but many detractors are happy to point out those times when gold did not retain its status as a wealth preserver, and in fact, losses were on the table for many who paid a price higher than for what their gold was sold. It happens. The net result of gold being a wealth preserver holds true, but with periodic, and some times substantial, yet temporary, reversals. This time will be no different.
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Friday, July 28, 2017
Silly Money Printing, Negative Real Rates, & Restricted Supply Form “Great Scenario for Gold” / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-author of the book The Goldwatcher: Demystifying Gold Investing. And is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals Podcast.
Frank, welcome back and thanks for joining us again today. How are you?
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Friday, July 28, 2017
Weakening US Economy Could Ignite Rally in Gold / Commodities / Gold and Silver 2017
By: HAA
John Grandits : One possible effect of the “America First” approach the Trump Administration vowed to take was a weaker US dollar. Shortly after we wrote about this earlier this year, the dollar index began a steady march lower, retreating 7% in just five months, from 102 in March to its current level of 95.
Not surprisingly, gold has risen almost 10% in US dollar terms during this time.
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Thursday, July 27, 2017
Gold Cycle Outlook : Cautiously Bullish / Commodities / Gold and Silver 2017
By: SurfCity
I am cautiously bullish with today’s new high in Gold and GDX on day 13. Silver also made a new high on day 12 but is still lagging Gold out of the recent low. Note that I have used GLD and SLV in my charts today as the price prints for Gold and Silver on Stockcharts were bogus once again.
Why cautiously bullish? During the long Bear from the secondary high in 2012, almost every Failed Gold Trading Cycle topped on day 10 or earlier. There were a couple that topped on day 11 and one on day 12 as I recall but day 12 was the longest uptrend we saw into a failed Trading Cycle. That said, I am still cautious as my charts will show that PM’s still have much work to do to break out of this sideways pattern that they have been in for much of 2017.
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Wednesday, July 26, 2017
Reconciling the US Dollar Outlook with the Super Bullish Gold and Silver COTs / Commodities / Gold and Silver 2017
By: Clive_Maund
Technical analyst Clive Maund charts the U.S. dollar and expects it to trade sideways for a while before continuing its downward trend.
Because the dollar has such an important bearing on everything, especially the Precious Metals, it is timely for us to take a close look at it here after its recent steep drop, for as some of you may have seen, a number of indicators pertaining to the dollar suggest that, possibly after some further downside it is likely to bounce, or at least take a rest in a sideways range for a while, before the decline perhaps resumes in earnest.
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Monday, July 24, 2017
Gold Price Broke Above Trend Line Resistance / Commodities / Gold and Silver 2017
By: Franco_Shao
XAUUSD recently broke above the support-turned-resistance trend line at 1237 on its daily chart, indicating that the downside movement from 1295.94 had completed at 1204.77 already.
Friday, July 21, 2017
Gold / Silver Shorts Extreme / Commodities / Gold and Silver 2017
By: Zeal_LLC
The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies.
Futures trading has a wildly-outsized impact on gold and silver prices, especially over the short term. It is amazing how much volatility futures speculators’ collective buying and selling generates, often drowning out everything else. Two factors are responsible for this dominance. The extreme leverage inherent in futures trading and the unfortunate fact the resulting gold and silver prices are the world’s reference ones.
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Friday, July 21, 2017
Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing / Commodities / Gold and Silver 2017
By: GoldCore
– Gold hedge against currency devaluation – cost of fuel, food, housing
– True inflation figures reflect impact on household spending
– Household items climbed by average 964%
– Pint of beer sees biggest increase in basket of goods – rise of 2464%
Thursday, July 20, 2017
Gold Stocks and Bonds - Preparing for THE Bottom / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
In the first part of the Preparing for THE Bottom series, we emphasized the need to be sure to stay alert and focused in the precious metals market, even though it may not appear all that interesting. We argued that preparing for the big moves in gold that are likely to be seen later this year should prove extremely worth one’s while. In the second part of the series, we discussed when, approximately, one can expect the key bottom in gold to form (reminder: this winter appears a likely target) and in the third part of the series, we discussed one of the confirmations that could indicate that the final bottom is in or at hand – the gold to silver ratio. The latter is not the only important ratio that one needs to keep in mind and in today’s article, we’re going to discuss two additional ones: the one based on gold and the bond market and a second one, which includes gold stocks and gold. Both ratios add to the clarity regarding the upcoming bottom and they could be used as confirmations that the bottom is indeed in or at hand.
Tuesday, July 18, 2017
Gold and GDX Trading Cycle / Commodities / Gold and Silver 2017
By: SurfCity
Short term we have started a new Trading or Daily Cycle. The much bigger question is have we also found a 5-6 month Intermediate Cycle Low? That is still an open question.
I have Gold on day 4 and GDX on day 5 of their new Trading/Daily Cycles.
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