Category: Gold and Silver 2013
The analysis published under this category are as follows.Monday, August 12, 2013
Where Silver Prices Are Heading / Commodities / Gold and Silver 2013
Silver prices today continue to wander aimlessly around the $20-an-ounce level as the white metal is buffeted by many of the same factors restraining the gold price. This drifting comes after a dramatic drop of 35% in the first half 2013.
As with gold, much of the drop is due to fears that the U.S. Federal Reserve will begin "tapering" purchases of bonds from its current $85 billion-a-month level. If this comes to pass, the financial markets currently believe this will reduce excess liquidity and therefore any possible inflationary fires.
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Monday, August 12, 2013
Is Plunging U.S. Dollar Bullish or Bearish News for Gold Price? / Commodities / Gold and Silver 2013
Without a doubt, the recent weeks were tough for the U.S. currency. The U.S. dollar fell as investors weighed when the Federal Reserve would slow the pace of bond purchases that had contributed to weakening the greenback. It also dropped against all its major counterparts after a government report last week showed American employers hired fewer workers in July than economists had predicted. Another bearish factor which weakened the dollar was strong data from China that suggested economic optimism.
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Monday, August 12, 2013
Gold and Silver What If ? : Circa 2013 / Commodities / Gold and Silver 2013
In this Weekend Report I would like to show you a “WHAT IF” scenario that few are seeing at this time. There are two major camps in the precious metals complex, the bulls and the bears. The bulls are looking at this most recent low as THE BOTTOM and a new bull market is being born. They have been crushed all the way down from last falls high on the HUI calling every small bottom THE bottom. On the other hand you have the bears that either got out or have been riding this almost one year decline, short the precious metals complex, and looking for more blood to the downside, to that all important 2008 crash low around the 150 area on the HUI. I have been in the bear camp since the first of December of 2012 until last week. Even at the beginning of last week I was still looking for lower prices for the precious metals complex. If you have been trading long enough you know the markets can change on a dime and when you start to see important trendlines begin to fail that changes everything no matter how bullish or bearish one may be.
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Saturday, August 10, 2013
Gold And Silver – Only Votes Cast In Elections Count, Same For Markets / Commodities / Gold and Silver 2013
In an election, it does not matter if voter turnout is high or low, the outcome is determined by the actual votes cast. The same holds true for the markets. Only those who make an actual buy or sell decision determine the outcome of the market trend. The market “voters” turn up in charts, recorded in the price range, close, and volume. Collectively, a “story” unfolds, and it happens to be the most accurate one for outside opinions do not matter. Articles written about fundamentals, pundit declarations, etc, all fall under the category of opinions.
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Friday, August 09, 2013
Silver Short Squeeze / Commodities / Gold and Silver 2013
Silver has suffered a miserable year so far, bludgeoned by gold’s unprecedented selling anomaly. The exceptional weakness in both metals was greatly exacerbated by futures speculators piling on short-side bets. But with silver shorts hitting record extremes, a super-bullish short squeeze now looms. Any rapid silver rally is likely to spook the highly-leveraged futures traders, sparking a massive stampede to cover.
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Friday, August 09, 2013
What's Driving Gold Prices Today / Commodities / Gold and Silver 2013
Tony Daltorio writes: Gold prices today are still below $1,300 an ounce as traders in the United States and Europe continue to sell the precious metal.
Western investors were the main driving force behind redemptions of nearly $19 billion in gold-backed ETFs in the second quarter of 2013.
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Friday, August 09, 2013
Gold Elliott Wave Forecast - Price Recovery Could Be Underway Back To 1348 / Commodities / Gold and Silver 2013
GOLD is in recovery mode for few weeks now and it seems that current price action could move even higher in the next few days if we consider a broken trend line of latest five wave decline which suggest that impulsive move from 1680 is complete. Usually when market is in reversal mode the price will retrace back to the territory of a former wave four. In our case that comes in at 1394-1400 level that could be tested in the next two weeks.
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Friday, August 09, 2013
Silver Prices - It's All About the Concentration / Commodities / Gold and Silver 2013
Naked shorting of silver is not really the issue, as silver analyst, Ted Butler has been pointing out for decades, it is more about the extreme concentration of short silver positions and less about the big players being caught red-handed sending blatant signals of market price fixing collusion.
Also, forget about gold and silver being valued as commodities, since most people will agree that these metals both have a monetary demand associated with them.
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Friday, August 09, 2013
Indian Gold to Silver Investment Demand / Commodities / Gold and Silver 2013
Perhaps it is not terribly surprising to learn that recent silver demand numbers from India have set records. While gold still seems to be the typical precious metal of choice in the United States, silver is clearly making waves abroad.
Indian silver imports are up a staggering 259% at 857 tonnes in the April-July time period. That amount is approximately one third of the global monthly production of silver.
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Friday, August 09, 2013
Futures Markets Signal Gold Price Ready To Erupt / Commodities / Gold and Silver 2013
With gold recouping some losses in its most recent trading sessions, many are asking whether or not the bottom has finally formed for the yellow metal. Most of these gains have been simply chalked up to short-covering and dovish remarks by Bernanke during the recent Federal Open Market Committee meetings; however, there are some key indicators for gold which are overshadowed by the media hubbub. Two of them in particular are important to understand, because they reveal a renewed investment demand for physical gold over paper gold or fiat currencies.
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Friday, August 09, 2013
The Cheapest You Will See Gold and Silver and Miners In Your Lifetime? / Commodities / Gold and Silver 2013
During silver (SLV) and gold's (GLD) terrific move in 2011, very few analysts warned that a correction could come to shakeout all the Johnny come lately's (momentum traders) who were pushing gold and silver to nosebleed levels. I got nervous as hell back in 2011, when the day traders and mass media started picking up the precious metals story and I warned of a correction.
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Thursday, August 08, 2013
Three Forces That Will Send Gold Price Soaring / Commodities / Gold and Silver 2013
Gold bulls got kicked in the teeth on Monday when Don Kohn – who is on President Obama’s short list of candidates to replace Fed Chairman Ben Bernanke – sent around a note saying the Federal Reserve will begin “tapering” its QE program after the September meeting.
That news sent gold lower on the day, and could grease the skids for the yellow metal for another week or two.
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Thursday, August 08, 2013
COMEX Deliverable (Registered) Gold Declines By Almost 60,000 Ounces / Commodities / Gold and Silver 2013
Since last Friday the registered gold in the COMEX warehouse has declined by almost 60,000 ounces to a new recent low of 875,710 ounces.
Total gold including eligible gold stored by customers in COMEX warehouses but not offered for sale holds steady at around 7 million ounces.
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Thursday, August 08, 2013
The Most Important Gold Charts / Commodities / Gold and Silver 2013
The two most important charts you’re likely to see all day.
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Thursday, August 08, 2013
The Silver Noise is Deafening! / Commodities / Gold and Silver 2013
"Beam me up, Scotty!"
"I can't Captain, the signal is weak and there is too much noise." (My apologies to you Trekkies....)
That conversation (which did not happen) describes the problem with the silver and gold markets now. There is so much noise, false information and lack of clarity - and not enough signal - real data and understanding.
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Wednesday, August 07, 2013
When Gold Bullion Prices Will Rebound / Commodities / Gold and Silver 2013
Sasha Cekerevac writes: A common question that I receive from readers is in regard to gold bullion. Many people over the past few years have begun allocating a portion of their investment strategy into the yellow precious metal and are curious about what’s possible in the near future.
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Wednesday, August 07, 2013
Why I Can’t Help But Be Bullish on Gold Bullion Prices / Commodities / Gold and Silver 2013
Michael Lombardi writes:
Gold bullion prices started their run-up way back in 2000, when the commodity was trading around $300.00 an ounce. From there, it took the precious metal 12 years to break above $1,900 an ounce—an unprecedented move. When an investment, such as gold bullion, rises 500%, a pullback in the “advance” is quite normal.
The fundamentals of the precious metal’s charge haven’t really changed. Demand for gold bullion is strong, while supply is actually dwindling as gold miners cut back on production, adjusting for lower gold bullion prices.
Wednesday, August 07, 2013
Is the Silver Bull Market Over? / Commodities / Gold and Silver 2013
Precious metals had a strong month in July. But while gold was up 5%, silver advanced only 1%. A more recent reading of the past 30 days through August 6th, shows gold up 4.9%, while silver is up only 3.3%. This is an atypical relationship between the two metals, as silver usually leads gold higher (or lower). As the more volatile metal, silver is often up at twice the pace of gold during any given move.
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Tuesday, August 06, 2013
What's In The Fed's Gold Vaults? / Commodities / Gold and Silver 2013
Given that the demand for physical gold among private investors has remained strong throughout 2013, the significant price declines in recent months took many investors by surprise. Attempting to make sense out of this situation, speculation has arisen that the so-called 'bullion banks' (the mostly "Too Big to Fail" institutions that are known to work closely with the central banks) have lent out, or even sold, gold on a fractional basis, far in excess of what is supposedly held in their vaults. The result would have been to multiply greatly the amount of 'apparent' gold in the market and thereby depress prices. Such an action would provide needed cover for the embarrassment of currency depreciating central banks' policies.
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Tuesday, August 06, 2013
What Doesn't Kill Gold Makes It Stronger / Commodities / Gold and Silver 2013
I've been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold's long-term fundamentals. Unfortunately, there is so much money to be made (and lost) by day trading that my cautions have once again fallen on deaf ears.
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