Category: Gold and Silver 2013
The analysis published under this category are as follows.Wednesday, December 11, 2013
Gold Will Crash to $500! Charles Ponzi and I Believe It / Commodities / Gold and Silver 2013
Yup, that is the story. The following arguments explain why Charles and I think gold will plummet to around $500 per ounce. Also, after my luncheon date with Elvis, I have a large bridge for sale. If you are interested, and willing to make a SERIOUS OFFER, see below.
The price of gold has roughly followed (up, up, and away) the growth of the U.S. national debt since 1971. The national debt is rising like 8% per year, or like $1,000,000,000,000 per year. But don't jump to the conclusion that gold prices will continue rising along with the debt! Charles Ponzi and I have faith in congress, lobbyists, and the sincerity of the budget process. We believe the national debt will rapidly fall due to the positive economic stimulus from ObamaCare, from actual budget cuts, and therefore gold should drop to new lows. Mr. Ponzi thinks it could go real low - like $450 or $500.
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Wednesday, December 11, 2013
How to Know if the Gold bull Market Has Ended / Commodities / Gold and Silver 2013
- Central banks will have stopped their money printing madness.
- The US Federal Government will have balanced its budget.
- China will have invested 20% of its trading surplus in gold.
- The US CPI will have peaked at a rate above 10%.
- The public in the USA, Canada, Australia and Europe will have bought gold with their savings, including a goodly portion of their tax free savings.
- The public in India and China will have turned from buyers to sellers.
- Sellers of gold will have a currency available to them that offers stability.
- Financial headlines will have featured stories of gold mining stocks that rose from pennies to a hundred dollars. (In 1975 Lion Mines could be purchased at 0.07c a share – in 1980 the share price was $380! Wharf Resources traded at 0.40c in 1975 – by 1980 the price had risen to $560).
- TV screens will have featured lineups of buyers at coin shops.
- Crude oil will have reached a record high price.
- Silver will have outperformed gold on a percentage basis.
Wednesday, December 11, 2013
"Flat, Cautious" Action in Gold After Surge as Asian Premiums Fall / Commodities / Gold and Silver 2013
ASIAN and London dealing was quiet in gold Wednesday morning, with prices holding $10 per below yesterday's sudden rise to 3-week highs above $1267.
Silver also slipped but held onto more of Tuesday's 3.2% gain to $20.45 per ounce.
Tuesday, December 10, 2013
2014 Battle Over US Rates & Inflation Key to Gold / Commodities / Gold and Silver 2013
The PRICE of gold rose to touch $1250 per ounce for the first time in 7 sessions Tuesday morning, as major government bonds also rose after comments from US Fed officials on the odds of reducing their monetary stimulus at next week's policy meeting.
European stock markets crept higher, but Asian shares closed lower.
Tuesday, December 10, 2013
Gold 30%+ Optimum Stocks, Bonds Portfolio Investment Allocation / Commodities / Gold and Silver 2013
How can an investor get guidance on how to construct a portfolio that will protect them should the stock market have another losing streak that lasts more than a few days? We discuss this question while specifically looking at how much gold an investor may want to hold in a portfolio.
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Tuesday, December 10, 2013
Silver Price Set to Double, According to… Apple? / Commodities / Gold and Silver 2013
Peter Krauth writes: We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious.
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.
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Monday, December 09, 2013
Gold ETF Selling Continue, Futures Bearishness Marks "Possible Turn in Sentiment" / Commodities / Gold and Silver 2013
The PRICE of wholesale gold held steady around $1230 per ounce in London trade Monday morning, ticking upwards as European shares slipped but Asian stock markets closed higher after strong data from China.
The Euro rose to 6-week highs vs. the Dollar on the FX market, capping gold priced in the single currency beneath €900 per ounce.
Monday, December 09, 2013
Gold Cycle Bottom Coming Due / Commodities / Gold and Silver 2013
For the near-term action in the gold market, there are several key cycles that are coming due right now with the gold market, with both the daily weekly cycles due for a bottom of some degree. Whether that low will end up as anything meaningful remains to be seen, though at least a short-term bottom is expected to materialize, with the daily cycles looking for the same on or around the December 6th date. Take a look at the chart below:
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Sunday, December 08, 2013
Silver Price Letting The Market Speak / Commodities / Gold and Silver 2013
We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are available at the Comex, how many ounces have been mined, the demand for v the production of silver, etc, etc, etc. Too boring.
It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc? This is where the challenge lies, for it comes down to timing in order to enter or exit a market, seeking profit opportunity in the process.
Saturday, December 07, 2013
Gold And Silver - Your Economical Survival Depends On Them / Commodities / Gold and Silver 2013
We had planned on writing about China's emergence as the world's new superpower, while the United States keeps sliding into Third World status, but we cannot escape the more cogent political implications/ramifications of the diverging paths between the two countries. Actually, the United States has turned direction from a positive influence to a negative one with almost all other countries in the world.
Friday, December 06, 2013
Gold Reverses Sharp Drop on Strong US Jobs Report / Commodities / Gold and Silver 2013
WHOLESALE gold in London reversed a sharp drop Friday lunchtime, recovering a $20 plunge on the release of US jobs data to trade back above $1230 per ounce, heading for a 1.7% drop on the week.
Versus analyst forecasts of 180,000 net hiring last month, the US economy added 203,000 jobs according to the official Non-Farm Payrolls report.
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Friday, December 06, 2013
Circling Back to Silver Fundamentals / Commodities / Gold and Silver 2013
Beyond the typical underlying changes in money supply there are very important elements of demand that continue to push the price of physical silver higher and higher. This is despite the fact that silver has been money for much longer then gold.One element is the elasticity of demand for silver, particularly in the manufacturing of electronics.
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Friday, December 06, 2013
Two Factors Suggest Gold Market Problems Will Get Bigger / Commodities / Gold and Silver 2013
Mohammad Zulfiqar writes: Gold bullion prices are taking a big hit. The precious metal continues to slide lower, and sits at the lowest level since July; negativity towards it is exuberant. There’s a significant amount of noise that says gold bullion prices will go much lower, and those who are against it can be found saying that it’s not worth the investment—those who are bullish on the precious metal are ridiculed.
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Friday, December 06, 2013
Massive Silver Trading Opportunity / Commodities / Gold and Silver 2013
Some of the biggest, most profitable trading opportunities only come around once every thirty years or so and we think this may be one of them. Why do we think we have spotted a massive trading opportunity?
- We believe a thirty three year overhead resistance level may be broken in the near future and the big money is made in the big trends.
- We believe a precedent for this breakout has already been set.
- We believe there may be an early "buy signal" in the current setup.
Friday, December 06, 2013
Forget About Trying To Get Rich With Gold… You’re Going To Need It To Survive! / Commodities / Gold and Silver 2013
Mike McGill writes: With the precious metals market in the doldrums and at the bottom of a thirty month correction, there has definitely been some hand wringing and a whole bunch of moping from investors who purchased gold and silver at or near the 2011 highs. This is natural and to be expected. Nobody wants to lose money. People purchase investments ostensibly to make money – hopefully, a lot of it.
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Friday, December 06, 2013
Government Price Manipulation Happening Now! / Commodities / Gold and Silver 2013
In 2013 the Indian Government raised import duties to 15% on gold. It then prevented the import of gold unless 20% of that gold was exported. Now this is blocked too. What impact has this had on the gold price? Here we look at the relevance of these moves to both the London and New York gold prices, which dominate the gold world.
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Thursday, December 05, 2013
Capitalising on Gold Strong Fundamentals Using Options / Commodities / Gold and Silver 2013
Throughout most of 2013, gold futures have been under major selling pressure. Gold opened the year trading around $1,675 per ounce. As of the 12/02/13 close, gold futures were trading around $1,220 per ounce which would mean that thus far in 2013, gold futures have lost more than 27% of their value.
Looking back to September of 2011, gold's all time high came in around $1,923 per ounce. In a little more than 2 years, gold prices have dropped around $700 per ounce representing a total loss of more than 36% based on the 12/02/13 closing price. I would say most analysts would agree that gold has been in a bear market over the past two years.
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Thursday, December 05, 2013
Gold Mining Stocks Suggest Further Declines / Commodities / Gold and Silver 2013
In our last essay we examined the situation in the US Dollar Index (from many perspectives) and the Euro Index, as many times in the past it gave us important clues about future precious metals’ moves. Back then we wrote that the implications for the precious metal market were bearish just as the outlook for the Euro Index and just as it was bullish for the USD Index.
On the next trading day, after the essay was posted, gold, silver and mining stocks declined along with the European currency and hit their fresh monthly lows. Does it mean that the final bottom for the decline in gold, silver and mining stocks is already in?
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Wednesday, December 04, 2013
No Evidence for Gold and Silver Price Manipulation / Commodities / Gold and Silver 2013
Grant Williams
This is an early warning. I'm going to be talking about gold (again) this week, so those amongst you who just kinda wish I wouldn't do that may be excused.
There. Now it's just us.
On November 1, 1961, an agreement was reached between the United States and seven European countries to cooperate in achieving a shared, and very clearly, stated aim.
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Wednesday, December 04, 2013
Evidence on Why Gold Is Falling on the Verge of a Dollar Implosion - Video / Commodities / Gold and Silver 2013
By Bud Conrad, Chief Economist
Bud Conrad, Casey Research chief economist, predicts in this fascinating interview with Future Money Trends that the US dollar will implode and be replaced with a new currency, quite possibly one backed by gold. Then why is the gold price dropping like a brick in the face of dollar devaluation? Watch the video for Bud's eye-opening answer…