Category: Gold and Silver 2017
The analysis published under this category are as follows.
Tuesday, April 04, 2017
Watch Gold And Silver Prices In April 2017 / Commodities / Gold and Silver 2017
By: InvestingHaven
Gold and silver prices were neutral last month. During the first two weeks of March, gold and silver retraced only to recover in the last two weeks of the month. Right now, both gold and silver are trading at the same levels as a month ago.
In February and March, particularly gold went through a very important series of tests. Gold prices stood strong last month when the $1200 area was tested. That is when we came out and adviced to closely what gold’s major bear market test. The price of gold was only 8 pct away from a bull market.
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Tuesday, April 04, 2017
Gold Danger Zone – Price Decline / Commodities / Gold and Silver 2017
By: Bob_Loukas
As the days and weeks continue to pass, gold is struggling to show us anything close to the strength seen during the 2016 rally. And the more gold continues to perform in a lackluster manner, the more I begin to consider that 2016 strength as a bear market counter-rally. If that were true, it would mean the action since the 2016 top is a continuation of the bear market that started in 2011!
Of course, gold has yet to fail in such a fashion, so there is still enough evidence to support the bear market ended over a year ago. And if the equity markets are near the top of an eight year bull market, then we could expect gold to outperform (inversely correlated) in the coming years. With the equity markets at fairly extreme levels, forecasting longer term, across varying asset classes, is difficult to do. Therefore, for the time being it is best we appreciate just how difficult and extreme the current landscape, rather than trying to force any one specific viewpoint dogmatically.
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Monday, April 03, 2017
Gold and Silver Market Weekly Update / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
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Monday, April 03, 2017
Gold and Silver Warning Signs / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
Precious metals closed the first quarter with solid gains. Gold gained almost 9% while Silver gained 14%. The miners (GDX and GDXJ) gained the same amounts (9% and 14%) but unlike the metals which closed at their highs of the quarter, ended up losing more than half their gains. Despite a strong quarter, the entire complex remains below the February highs and 200-day moving average (ex Silver) just days after the US Dollar index rebounded strongly from its own 200-day moving average. As the second quarter begins, the warning signs for precious metals are mounting.
Saturday, April 01, 2017
Irish Government To Issue FREE Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU / Commodities / Gold and Silver 2017
By: GoldCore
– Unprecedented move to see Irish government issue free gold coin to Irish citizens
– Controversy as Irish government plans for Irish people to own 1 ounce of gold
– Irish Finance Minister said the “little people” were exposed due to risks from Brexit and the end of the euro
– “Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings”
– Politicians in Ireland criticise move as “too generous” to Irish Americans given Ireland still close to bankruptcy
Friday, March 31, 2017
Gold in Fed Interest Rate Hike Cycles / Commodities / Gold and Silver 2017
By: Zeal_LLC
Gold suffered heavy selling in early March leading into the Fed’s latest rate hike. Speculators frantically dumped gold futures ahead of the Fed’s meeting as implied rate-hike odds soared. This is nothing new. This key group of traders has long feared Fed-rate-hike cycles, convinced they are the mortal nemesis of zero-yielding gold. But this view is highly irrational, as history proves gold actually thrives in rate-hike cycles!
The Federal Reserve’s primary and dominant tool for setting monetary policy is its target for the federal-funds rate. Commercial banks are required to maintain reserve balances at the Fed, with necessary levels fluctuating daily based on each bank’s underlying business activity. So banks with surplus reserves can lend them on an overnight basis to other banks running deficits through the federal-funds market.
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Friday, March 31, 2017
‘Three Wise Men’ Warn Next Crash Coming, Own Gold / Commodities / Gold and Silver 2017
By: GoldCore
‘Three wise men’ are warning that the next financial crash is coming and that one of the ways to protect and grow wealth in the coming crash will be to own gold.
The men who have recently warned are Jim Rogers (video below), Martin Armstrong (blog below) and Tony Robbins (video below). Each come from somewhat different backgrounds and are respected experts in their respective fields.
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Friday, March 31, 2017
Precious Metals Are in Alignment for a Major Ascent / Commodities / Gold and Silver 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent.
"Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that 'it is truly different this time.'"
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Thursday, March 30, 2017
Brexit Gold Buying – UK Demand for Gold Bars Surges 39% / Commodities / Gold and Silver 2017
By: GoldCore
– UK investors buy gold bars as demand surges 39% in 2016
– Brexit Day sees Article 50 triggered and pound weakens
– “Brexit nerves” see “Brits hoard gold” reports WSJ
– End of 44 year relationship with closest economic partner
– May sets Brexit clock ticking in letter to Tusk
Thursday, March 30, 2017
Bitcoin Price Rises Higher Than Gold… But Its Value Is a Different Story / Commodities / Gold and Silver 2017
By: John_Mauldin
Since hitting a record-low of $177 in January 2015, Bitcoin is up almost 600%.
On March 2, 2017, it reached a new high of $1,268 per unit—thus surpassing the price of an ounce of gold for the first time ever.
So, what’s the driving force behind this parabolic rise?
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Tuesday, March 28, 2017
USD Gold Myriad of Signs / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
In yesterday's alert we emphasized that the breakdown in the USD Index should not be trusted as it was not confirmed and there were several good reasons to think that it would not be confirmed. The breakdown is already invalidated and - again, as discussed yesterday - this is actually a strong bullish sign. Is the decline in the USD Index over and is the big slide in the precious metals sector just around the corner?
Tuesday, March 28, 2017
Mansa Musa, Gold, And Inflation / Commodities / Gold and Silver 2017
By: Kelsey_Williams
From Wikipedia… Musa Keita I (c. 1280 – c. 1337) was the tenth Mansa, which translates as “sultan” (king) or “emperor”, of the wealthy West African Mali Empire.
During his reign Mali may have been the largest producer of gold in the world at a point of exceptional demand. One of the richest people in history, he is known to have been enormously wealthy; reported as being inconceivably rich by contemporaries, “There’s really no way to put an accurate number on his wealth” (Davidson 2015).
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Monday, March 27, 2017
Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades / Commodities / Gold and Silver 2017
By: GoldCore
Gold and silver jumped another 1% overnight in Asia, building on the respective 1.5% and 2.2% gains seen last week. The ‘Trump trade’ is fading, impacting stock markets and risk off has returned to global markets with the Nikkei, S&P 500 futures and European stocks weakening.
The precious metals had their second consecutive week of gains last week. Gold rose 1.5% and silver 2% while platinum rose 0.5% and palladium surged 4.8%. Today, gold has risen from $1,247.90 to a one month high of $1,259 per ounce and silver from $17.74 to $17.92 per ounce.
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Sunday, March 26, 2017
Gold and Silver Weekly Update / Commodities / Gold and Silver 2017
By: Metals_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting a tug-of-war between support and resistance.
Thursday, March 23, 2017
Gold Prices See Seventh Day Of Gains After Terrorist Attack In London / Commodities / Gold and Silver 2017
By: GoldCore
– Gold prices higher seven days in row – best gains since Brexit
– Gold spikes to three week high after terrorist attack in London
– Global stocks fell yesterday after attack in London
– Stocks resilient today and start day flat
Wednesday, March 22, 2017
Peak Gold – Biggest Gold Story Not Being Reported / Commodities / Gold and Silver 2017
By: GoldCore
– Peak gold – Biggest gold story not being reported
– Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets
– Decline in gold production at world’s top 10 gold mining companies – Byron King
– “No new big mines being built in the world today” – Glencore CEO Glasenberg
Tuesday, March 21, 2017
How to Protect Yourself from the Looming Pension Crisis / Commodities / Gold and Silver 2017
By: John_Mauldin
Stephen McBride : Having jumped from one job to another early in life… and with those jobs being across many continents, I haven’t really given much thought to my pension. Looking at the numbers, it seems I’m not the only one. Over 50% of Americans aged 25–34 have no retirement savings. Then again, given the current state of the pension system, it may be a prudent move.
A 2015 from the National Association of State Retirement Administrators estimated that public pension funds are around $1 trillion in the red—but the problem gets worse.
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Monday, March 20, 2017
Precious Metals : Who’s in Charge ? / Commodities / Gold and Silver 2017
By: Rambus_Chartology
In this report I’m going to update some charts I posted back in November of last year before the PM complex bottomed in late December. What I was showing back in November were many of the H&S tops that were breaking down in an impulse leg to the downside. The lows in December of last year is where they bottomed and began a counter trend rally that took prices back up to the February 2017 highs. From a Chartology perspective all we’ve had so far was a backtest to some of the necklines at this point in time. Maybe it will end up being more, but for now the backtests are holding resistance.
I would like to start with one of the more important ratio charts which compares Gold to the US dollar. During the bull market years this ratio chart built out a parallel uptrend channel that was a thing of beauty. In 2000 this ratio started to build out an inverse H&S bottom which reversed the bear market to a bull market. For the next 11 years this ratio built out one consolidation pattern on top of the next, which is bull market action. Even the crash in 2008 built out a H&S consolidation pattern which launched the rest of the bull market into the 2011 high.
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Monday, March 20, 2017
Gold and Silver 200-Day Moving Averages / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
The precious metals complex enjoyed a strong week mostly due to a post-Fed explosion on Wednesday. Although gold stocks sold off to end the week, they finished up almost 5% for the week. Gold gained 2.4% on the week while Silver gained 2.9%. The miners enjoyed massive gains following the previous two rate hikes and that has some optimistic about a repeat scenario. However, the miners and metals need to prove they can recapture their 200-day moving averages before we become optimistic.
Monday, March 20, 2017
Gold and USD Cycles : A Roadmap / Commodities / Gold and Silver 2017
By: SurfCity
Monday will be day 6 of Gold’s third Trading Cycle (TC) out of the December 2016 Yearly Cycle Low (YCL). Next week’s price action will be critical in determining if we will see a higher high in this Intermediate Cycle (IC) or just a secondary high that will set the IC downtrend line into the next IC Low. Based on my cycle work, I do believe the Gold Bull has resumed, however, the transitions from Bear to Bull markets are typically epic battles that take time to play out.