Category: Gold and Silver 2013
The analysis published under this category are as follows.Wednesday, December 18, 2013
Gold Investors: Take the Red Pill! / Commodities / Gold and Silver 2013
We make choices in our thinking, lifestyle, savings, and investments. We can look reality squarely in the face and swallow the red pill (from the movie - "The Matrix"). Or, we can swallow the blue pill with a healthy slug of whisky, continue riding the roller coaster of mass delusion, and go back to watching "Reality TV" and the evening news. Either way we will experience the consequences of our actions and our thinking.
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Tuesday, December 17, 2013
Is JP Morgan Ending Its Death Grip On The Gold Market? / Commodities / Gold and Silver 2013
In this excerpt, precious metals market analyst Ted Butler describes an important evolution going on in the gold market. It has the potential to become a game changer. Although a continuation of this trend is required, it is an encouraging sign for precious metals bulls. This article was published in Ted Butler’s latest newsletter to its premium subscribers.
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Tuesday, December 17, 2013
More ETF Gold at Risk Sub-$1200 Says Barclays Capital / Commodities / Gold and Silver 2013
YESTERDAY'S rise of $15 per ounce in gold was erased Tuesday morning in Asia and London, as the US Dollar rose and world stock markets held flat overall.
Trading back at last week's closing level of $1238 per ounce, gold tracked broader commodity markets, where Brent crude oil retreated to $109 per barrel.
Tuesday, December 17, 2013
Dead Cat U.S. Dollar Outperforms Gold, Silver and The HUI / Commodities / Gold and Silver 2013
It has been a very hard year for the gold and silver bulls as this tiny sector has been sold off to an alarming extent by investors who are currently disillusioned by the demise of both gold and silver and the knock-on effect that they have had on the precious metals producers. Gold and silver have had a long run of ‘year on year’ gains and so the expectation was that 2013 should be more of the same. Alas, a correction arrived driving the precious metals down and decimating the price of a number of mining companies as the chart below clearly indicates.
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Monday, December 16, 2013
Elliott Wave Suggests Bearish Gold Price Towards $1130 / Commodities / Gold and Silver 2013
Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know that's an important signal for a change in trend, which means that bearish price action is now back in play which is accelerating for the last couple of weeks from 1362 so we think that market is moving down in wave 3 that could reach 1130 region in the next few weeks. From a short-term perspective a break of 1210 opens door for 1180. On the other hand, if 1268 is broken then bearish reversal could be seen from second resistance placed at 1295.
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Monday, December 16, 2013
Gold Analysts Split Over Fed's 2014 Impact on Gold Price / Commodities / Gold and Silver 2013
The PRICE of gold bounced from a steady drop Monday lunchtime in London, trading back at $1234 per ounce as Asian stockmarkets ended sharply down but Europe ticked up ahead of this week's US Federal Reserve policy decision, due Wednesday.
China's gold premiums above international prices edged lower again, dropping to $6 per ounce at the close of solid trading on the Shanghai Gold Exchange.
Sunday, December 15, 2013
Gold, Frankincense and Myrrh / Commodities / Gold and Silver 2013
Sean Brodrick writes: Christmas is a season for many things… and it’s also a time for commodities. No, I don’t mean the jewelry you’ll inevitably buy your sweetheart. I’m talking the old-time commodities: gold, frankincense and myrrh.
Those were the gifts of the Magi to baby Jesus. In one form or another, these commodities or their replacements are still highly sought-after more than 2,000 years later.
Sunday, December 15, 2013
Debunking The 6 Key Myths About Gold / Commodities / Gold and Silver 2013
Here is how we respond to the myths of gold as propagated by some father-in-laws, some financial advisers and all Paul Krugmans.
Myth 1: Gold “Is A Barbaric Relic”
In fact, John Maynard Keynes never said gold was a “barbaric relic”. Actually, Keynes said that the gold standard monetary system was a barbaric relic.
Saturday, December 14, 2013
JP Morgan House Account Reveals Gold Selling then Buying Pattern for 2013 / Commodities / Gold and Silver 2013
Here is a chart that I was able to construct from CME data that shows JP Morgan's Comex Gold Delivery activity for their 'house account' only.
I have marked the nominal price of gold on the chart for this year. The last data is as of December 10, 2013.
The months marked with boxes are 'active months' for the delivery process. December is also an active month.
Saturday, December 14, 2013
Silver Rigged Market Manipulation Coming To An End / Commodities / Gold and Silver 2013
No one can question the fact that the demand for silver has grown exponentially in the past few years, record sales for American Eagle coins being one small example, record buying in India, another larger example. Demand has never been greater. Supply, on the other hand, keeps diminishing.
Global mining production is at its lowest in the past decade. The annual Consumption/ Production ratio is indicative of acute deficits. Whenever there is a situation where demand rises sharply, while supply commensurately declines, it is a recipe for higher prices, and usually, much higher prices. This is true, unless one is talking about the silver market. Under the conditions of record rising demand and considerably less supply, the price of silver is at its lowest levels in the past three years.
Friday, December 13, 2013
Signs of Gold's Upcoming Price Decline / Commodities / Gold and Silver 2013
This week was full of action for precious metals investors and traders. Gold, mining stocks, and (especially) silver rallied in the first days of the week only to disappoint on Wednesday and Thursday. No wonder; the rally didn't have "strong legs" as gold's strength was meager compared to that seen in the euro - another USD alternative.
In today's essay we will provide you with 3 gold-related charts (courtesy of http://stockcharts.com), each will tell a different story about gold's performance, but ultimately, they will all point in the same direction - the direction of another move lower in the price of gold.
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Friday, December 13, 2013
GOLD Bear Market Ending in December / Commodities / Gold and Silver 2013
Our Last major Elliott Wave Analysis of Gold came in early September when Gold had touched the 1434 area, and in that analysis we called for a re-test of 1271-1285 levels. This was based on our Elliott Wave Analysis of the patterns involved since the 1923 spot highs in the fall of 2011. Our clients of course were updated on a regular basis since that public analysis and we have been looking for clues to a bottom in this Gold bear cycle from the 2011 highs.
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Friday, December 13, 2013
Critical Week Ahead for Gold Bugs as Bear Market Continues / Commodities / Gold and Silver 2013
LONDON gold in Dollars terms traded flat for the week Friday morning, holding around $1230 per ounceafter what one analyst calls "a tumultuous few days."
Stockmarkets ticked higher but London's FTSE100 headed for a 1.5% drop on the week.
Silver also erased the last of its mid-week gains, which reached 5.0% yesterday morning, to trade back at $19.55 per ounce.
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Friday, December 13, 2013
Gold Price Could Retest 1180 June Low / Commodities / Gold and Silver 2013
Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know that's an important signal for a change in trend, which means that bearish price action is now back in view that could accelerate to the downside soon if we consider recent break of 1251 swing low that confirms a completed wave 2 and wave 3 underway to the lows.
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Friday, December 13, 2013
China and the Great Precious Metals Migration / Commodities / Gold and Silver 2013
The desire of gold is not for gold. It is for the means of freedom and benefit. ~ Ralph Waldo Emerson
The century-old fiat experiment is playing out its final stages. With instability rising, the massive shift in wealth is accelerating to the East. Precious metals are one vehicle leading the way.
Friday, December 13, 2013
Gold Opportunity Today Same as It Was for Stocks in 2009 / Commodities / Gold and Silver 2013
Michael Lombardi writes:
I turned bullish on gold bullion in 2002. At that point, gold bullion was trading around $300.00 an ounce. Now, it trades above $1,250. Simple math suggests this is an increase of about 260% in 11 years, or an average gain of about 23.6% a year.
Other asset classes, like stocks, haven’t performed this well. In 2002, the Dow Jones Industrial Average was trading near 10,000. Now, it hovers close to 16,000, up 60%, or an average of 5.45% per year, over the last 11 years.
Friday, December 13, 2013
Gold The “For Sale” Sign / Commodities / Gold and Silver 2013
Sasha Cekerevac writes: Do you feel wealthier today compared to last year?
According to the Federal Reserve, you should, as the household net worth of Americans rose 2.5% between the second and third quarters of 2013 for a total of $77.3 trillion. (Source: “Financial Accounts of the United States,” Federal Reserve, December 9, 2013.)
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Thursday, December 12, 2013
Gold Price Drops $20, "I'd Rather Buy Silver," Says Jim Rogers / Commodities / Gold and Silver 2013
WHOLESALE LONDON gold tumbled more than $20 per ounce in quiet trade Thursday morning, falling with world stock markets after the week's "three-day rally [in gold] prompted some profit-taking" according to one dealing desk.
"The fact that India," said investor, fund manager and best-selling author Jim Rogers to BullionVault overnight, "which has been the largest buyer, has reduced its buying a lot is one of the main factors that's causing gold prices to go down."
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Thursday, December 12, 2013
Gold 1200+ Tonnes Extra Supply, 1000 Tonnes Blocked / Commodities / Gold and Silver 2013
Indian Politics
The events in India have taken a most interesting turn for gold. The one year-old political party that is anti-corruption is shaking the political foundations there. The ruling National Congress Party is having to change its stance in a hurry and is already losing influence in the capital, Delhi. With elections in May, one of the changes we expect to see will be the Finance Minister relaxing (what effectively is) the blockade on the importing of gold, which is hammering the gold jewelry industry as well as denying Indians access to market gold.
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Thursday, December 12, 2013
Indicators to Turn Your Trust Back to Gold and Silver / Commodities / Gold and Silver 2013
John Paul Whitefoot writes: Despite the wintry Arctic chill, the economic recovery is in full bloom. Or is it? Wages are stagnant, unemployment remains stubbornly high at seven percent, and consumer confidence remains tepid at best. The average American investor clearly isn’t enjoying the Wall Street perpetual momentum machine.
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