Category: Gold & Silver 2019
The analysis published under this category are as follows.
Monday, November 11, 2019
Illiquidity & Gold And Silver In The End Game / Commodities / Gold & Silver 2019
By: Darryl_R_Schoon
…the financial system experienced some serious liquidity shortages in August 2007, and the Fed injected funds to help keep financial markets operating effectively so that they would continue to support ongoing economic activity
Federal Reserve Bank of San Francisco, August 2007
In August 2007, a credit crunch swept global markets forcing central banks to provide billions in emergency liquidity to ensure markets remained functioning. Despite the emergency infusion, financial markets and investment banks collapsed one year later in the greatest financial crisis since the 1929 stock market crash and the Great Depression of the 1930s.
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Sunday, November 10, 2019
Gold GLD Update… Bear Watch / Commodities / Gold & Silver 2019
By: Rambus_Chartology
A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.
Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the breakout in progress. My biggest concern is that we could see some reverse symmetry to the downside as shown by the blue arrows. Many times how a stock goes up is how it may come down over that same area especially when the move was strong.
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Saturday, November 09, 2019
Five Reasons Why Gold is Still a Superior Investment / Commodities / Gold & Silver 2019
By: Submissions
Gold has been the most popular form of investment and one of the most reliable assets recognized for its multiple use and rare value. Following the recent introduction of other investment substitutes, a number of people are made to believe that gold is less superior than the others. This article will highlight five reasons why gold has not lost its value, but still thrives as an investibleRead full article... Read full article...
Saturday, November 09, 2019
Gold & Silver to Head Dramatically Higher, Mirroring Palladium / Commodities / Gold & Silver 2019
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in David Jensen of Jensen Strategic and a highly studied mining analyst and precious metals expert with close to two decades of experience in the mining industry. And it's great to have him back on with us.
David, thanks so much for the time again today, and it's nice to talk to you again. Welcome.
David Jensen: Thank you, Mike. It's good to be back with you again.
Mike Gleason: Well, David, we had you back on at the beginning of the year and you shared some amazing insights on palladium, and we'll get to that in a bit because that market is still very interesting. But first off, you've been watching the Fed balance sheet closely here and I wanted to get your comments about that to begin with. Now, after the extraordinary expansion, which followed the 2008 financial crisis and a few rounds of QE, the Fed began contracting the money supply in 2017. You've been making the case that the withdrawal of liquidity could trigger another catastrophe.
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Saturday, November 09, 2019
Gold This Is NOT Bearish! / Commodities / Gold & Silver 2019
By: Avi_Gilburt
Oftentimes, you need to have patience when it comes to the metals. You see, while they move very quickly when they do move, the rest of the time they simply consolidate until they are ready for their next big move.
We have been waiting to see if the market is going to provide us that deeper pullback we wanted to see, and today seems to have triggered that potential. But, not all charts are showing the same degree of weakness.
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Friday, November 08, 2019
Wait… Was That a Bullish Silver Reversal? / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Silver plunged on Tuesday, just as it was likely to after the triple reversal that we’ve been writing about, and it was declining strongly during Wednesday’s pre-market trading. And then it all changed. Silver soared before the U.S. markets opened and the white metal ended the session in the green. We definitely saw a silver reversal. But, was it significant and can it be trusted?
We doubt that and the below chart shows why.
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Friday, November 08, 2019
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message / Commodities / Gold & Silver 2019
By: Gary_Tanashian
This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…
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Monday, November 04, 2019
How To Buy Gold For $3 An Ounce / Commodities / Gold & Silver 2019
By: OilPrice_Com
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Saturday, November 02, 2019
Silver Trend Forecast 2019 Update / Commodities / Gold & Silver 2019
By: Nadeem_Walayat
The Silver price soared during August as it played catch up to the Gold bull run, Silver peaking at a high of $ 19.75 early September before like Gold entering into a correction to a low of $16.94 late September and trending weakly higher during October to currently stand at $18.07, a 2 month trend similar to that of the gold price.
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Saturday, November 02, 2019
Are Precious Metals Beginning Another Rally Attempt? / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration. A day later, the US stock markets reacted by setting up multiple top rotation patterns. The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points. The next day, the markets sold off dramatically with heavier volume – prompting the metals and the VIX to rally.
We’ve been warning for weeks that the US markets were setting up into a Pennant/Flag formation within a tightening range biased to the upside. See our index trend analysis signals here. We believe the move in precious metals today may be indicative of a breakout/breakdown move in the markets – near the apex of the pennant formation on the Gold chart, below.
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Friday, November 01, 2019
Fed Interest Cuts Rates, Causing Gold Price to See-Saw / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Yesterday, that was already the third time this year when the Fed cut interest rates. In response, the price of gold erased earlier losses. That sounds a bit fishy. What is going on?
Fed Lowers Interest Rates by 25 Basis Points
Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on October 29-30th. In line with expectations, the U.S. central bank cut the federal funds rate by 25 basis points, for the third time in 2019 already:
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Thursday, October 31, 2019
Gold Juniors Decline While Senior Miners Rally – What Gives? / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher. But the junior miners (Toronto Stock Exchange Venture Index) just declined after confirming breakdown below the very important rising support line, which has profound implications for the next months. Truth be told, what’s happening in the senior miners can be used to indicate the next short-term moves as well, but we’ll start today’s analysis with the big picture.
Thursday, October 31, 2019
Silver’s Three Legged Bull-Run Stool / Commodities / Gold & Silver 2019
By: MoneyMetals
A case can be made that silver's current price “stability” – believed by many to be well below where it "should" be – is the result of at least three interlocking factors.
There are certainly other considerations, but the following seem especially relevant today…
Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to be a violent price rise of epic proportions.
Wednesday, October 30, 2019
Gold Price Trend Forecast 2019 Current State / Commodities / Gold & Silver 2019
By: Nadeem_Walayat
The gold bull run of 2019 peaked early September at $1566, up over 25% on the year! Which will likely have encouraged many prominent gold bugs to get carried away with various headlines of Gold heading for $5000, $10,000 and beyond. However, since it's peak the Gold price has been drifting lower at a shallow pace to it's last closing price of $1491, still up over 19% on the year. So is this a correction in a bull market or marks the end of Gold's bull run for 2019?
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Wednesday, October 30, 2019
Is Gold The Secret Diversifier? / Commodities / Gold & Silver 2019
By: Harry_Dent
It’s no secret to you that I am still more bearish on gold than bullish. And it’s no secret to me that a lot of our subscribers still like gold and feel that it is still a safe haven and a good store of value long term.Despite having argued that gold was one of the largest bubbles and a part of the larger 30-Year Commodity Cycle bubble and crash, I’ve also noted that both it and Bitcoin have weathered the crash much better than other commodities. And by the way, it has been the commodity sector that thus far has proven my view that bubbles don’t have soft landings when they finally burst .
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Wednesday, October 30, 2019
Silver Price Daily Reversals Powerful Lessons / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Friday’s session was exceptional for several reasons and the most profound ones are gold’s and silver’s sizable intraday rally, and the subsequent slide. The reversals that both metals created are practically screaming signs pointing to what’s next. The way mining stocks behaved, and how gold closed relative to its previous tops also have important implications, but let’s start today’s analysis with the former.
Silver, the less valuable (at least so far) of the most popular precious metals and many small investors’ metal of choice, reversed in a particularly meaningful way.
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Monday, October 28, 2019
Powerful Lessons of Silver’s Daily Reversals / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Friday’s session was exceptional for several reasons and the most profound ones are gold’s and silver’s sizable intraday rally, and the subsequent slide. The reversals that both metals created are practically screaming signs pointing to what’s next. The way mining stocks behaved, and how gold closed relative to its previous tops also have important implications, but let’s start today’s analysis with the former.
Silver, the less valuable (at least so far) of the most popular precious metals and many small investors’ metal of choice, reversed in a particularly meaningful way.
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Monday, October 28, 2019
GATA’s Powell: Attacks on Gold & Silver Prices Are Losing Their Impact / Commodities / Gold & Silver 2019
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Chris Powell of the Gold Anti-Trust Action Committee joins me and updates us on the recent developments in the gold and silver manipulation prosecutions and discusses how the price spoofing schemes by the bullion banks may be tied to trades by central banks working to keep a lid on prices.
Chris also explains why he thinks the “powers at be” are losing control of the price and how the recent positive price action in the metals markets suggests they have lost some of their influence in the markets. So be sure to stick around for a jam-packed interview with Chris Powell of GATA, coming up after this week’s market update.
Well, another week, another new and expanded repo market intervention by the Federal Reserve. On Thursday, the Federal Reserve Bank of New York intervened twice with fresh liquidity injections. Fed officials raised their offerings for overnight repos up from $75 billion to a staggering $120 billion.
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Saturday, October 26, 2019
Will Central Banks Prevent Recession and Push Gold Down? / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Trade wars, geopolitical tensions and slowing economic indicators. Both the ECB and the Fed have recently cut interest rates to stimulate slowing growth, hoping to escape possible recession. Will they succeed? After all, they don’t have the most reliable record when it comes to preventing busts. Let’s get into the central flaw of central banking and what it implies for gold.
Both the ECB and the Fed have just cut interest rates to stimulate slowing growth and to escape possible recession. Will they succeed? The question is, of course, rhetorical. The recovery from the Great Recession has been the slowest postwar recovery, despite the massive monetary (and fiscal) stimulus, as the chart below shows.
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Saturday, October 26, 2019
Silver & Gold to Inform Dr. Copper and so, the Macro / Commodities / Gold & Silver 2019
By: Gary_Tanashian
They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals whose interplay will be critical to deciding the coming macro for 2020 and the run up to the next US election. Thus, they are the 3 Metallic Amigos, riding together but providing different signals at different times (this being nftrh.com, you will have to put up with the odd shtick from time to time).
As we have noted repeatedly, the Silver/Gold ratio takes it place alongside other indicators (like long-term Treasury yields, yield curve, TIPs ratios, inflation breakevens, etc.) of a would-be inflationary environment. When silver (more cyclical, commodity-like characteristics) rises vs. gold (more counter-cyclical, liquidity haven characteristics) it is a hint toward an inflationary macro.
A daily chart of silver/gold shows a constructive ratio at yesterday’s close and this morning in pre-market silver is +2.77% while gold is +.77%. The implication could well be an end to the current bull flag consolidation at the moving averages and the next upturn in silver/gold, the miners and possibly the inflation/reflation trades that tend to follow.
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