Category: Gold and Silver 2018
The analysis published under this category are as follows.
Tuesday, April 10, 2018
Gold Holding Its Own / Commodities / Gold and Silver 2018
By: Richard_Mills
As a general rule, the most successful man in life is the man who has the best information
What the heck is going on with gold? The past few weeks have seen global equities falling amid a broad selloff in tech stocks, but the traditional safe haven metal has barely budged, floating along in a fairly tight range of between around $1320 and $1330 an ounce with the exception of a spike to $1354 on March 26 and a slip on March 16 and 20. See the tech stock-dominant Nasdaq one-month chart versus one-month gold.
Tuesday, April 10, 2018
David Morgan: Silver Market Set Up Is “Best I’ve Seen for a Very Long Time” / Commodities / Gold and Silver 2018
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in our good friend David Morgan of The Morgan Reports. David it's always a real pleasure to have you on and welcome back, how are you sir?
David Morgan: Mike I'm doing well, thank you very much for having me on the show.
Mike Gleason: Well David we've seen a tremendously tight trading range in the metals markets over the last several months, especially in silver, and before we get into some other topics with you today I wanted to get your thoughts on what these prolonged periods of a range trade or a base building market generally means for us moving forward. When you see this type of thing on the charts for one of the precious metals or for some other commodity for that matter, I know you cover a lot of different markets, does it mean that we're likely to see a big move one way or the other? Is it a bullish indicator that we're building a major base of support from which to launch, what do you think?
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Monday, April 09, 2018
Which is Right: Gold or Real Rates? / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
Readers know that I have beaten this drum all too often. Gold’s major fundamental driver is declining or negative real rates. There is a strong inverse correlation because Gold is money. That’s what JP Morgan said and he’s far more qualified to understand than quotable celebrities like Mark Cuban. But I digress. When real rates are increasing or strongly positive (during most of the 1980s and 1990s and 2011 through 2015) Gold performs poorly because one can earn a real return on their money unlike with Gold. However, when real rates decrease and particularly when they are negative, Gold flourishes. That being said, right now there is an interesting development. Real rates have increased over the past year but Gold has held steady. Reviewing recent history can help us answer which is right.
Monday, April 09, 2018
The Beautiful Chartology of SLV Silver ETF / Commodities / Gold and Silver 2018
By: Rambus_Chartology
SLV along with the PM stocks have been under performing gold in a pretty significant way. Normally you would like to see the PM stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So far that hasn’t been the case.
Below is a weekly chart for SLV we’ve been following for a long time now as it has been chopping out the nearly four year diamond trading range. The first thing that would get my attention would be if the price action could takeout the top rail of the seven point diamond which is technically a reversal pattern at the moment. A touch of the bottom rail would complete the 8th reversal point which would be a consolidation pattern to the downside if the bottom rail is broken. It wouldn’t hurt to see SLV trade back above the 65 week ema if one is a bull.
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Monday, April 09, 2018
Gold to Rally Due to Increased Stock Market Volatility? Really?! / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
We were recently asked if the price of gold is likely to rally because of the increased volatility in stocks. This seems believable at the first sight, as gold is seen as a safe-haven asset and thus people could be buying it when the stock market’s movement becomes chaotic, scary and/or unpredictable.
So, the stock market’s volatile decline in the recent days is likely to become the catalyst for gold’s breakout above the $1,350 - $1,400 trading range, right?
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Monday, April 09, 2018
Donald Trump's False Bravado Trade War, Implications for Gold Market / Commodities / Gold and Silver 2018
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses Donald Trump's trade war with China and the implications for the gold market. When I played pro hockey in Richmond, Virgina, it was during the era of "Slapshot!" and the Broad Street Bullies when gooning (fighting) was fashionable and an integral part of the sport. Stocking your team with two-or three enforcers meant that the finesse players could sail around the ice doing pirouettes and triple axles and dipsy-doodles without the fear of some 250-lb lumberjack from northern Quebec impaling them. I learned quickly from our coach, the legendary Forbes Kennedy (one of the toughest NHL players ever) that the way to avoid getting into a donnybrook with someone you really did not wish to engage was "Don't fookin' look at 'em!" because if they caught your eye and were staring you down, you then were forced to drop the gloves. I made a habit of staring into the eyes of all the finesse players and upon the skates of the goons. Of course, there was the odd occasion I forgot and wound up holding on for dear life when one of the Neanderthals tricked me up and forced me to drop 'em but for the most part, old "Forbie" was absolutely spot on and you could stay safe if you avoided the glaring, maniacal eyes of the Gilles Bilodeaus and Billy Goldthorpes of the world but ONLY if you just "didn't fookin' look at 'em."
Saturday, April 07, 2018
New Silver Bull Market Coming / Commodities / Gold and Silver 2018
By: Zeal_LLC
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators’ silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver bull market, which could erupt anytime.
Silver’s price behavior is unusual, making it a challenging investment psychologically. Most of the time silver is maddeningly boring, drifting listlessly for months or sometimes years on end. So the vast majority of investors abandon it and move on, which is exactly what’s happened since late 2016. There’s so little interest in silver these days that even traditional primary silver miners are actively diversifying into gold!
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Saturday, April 07, 2018
21 Trillion Reasons to Own Gold / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Do you know how much a trillion is (we refer here to the short scale)? A billion is hard enough to imagine, much less a trillion. But let’s try. We can write it as 1,000,000,000,000 – that’s a 1 with twelve zeroes. In other words it’s million million, or ten to the twelfth (1012). One trillion of dollars in $100 dollar bills would stack up to about 631 miles high. Given that the average annual income in the U.S. is around $50,000, Joe Schmo would have to save 20 million of years (and not consuming at all) to stockpile a trillion dollars. Sounds enormous, right? So now multiply it by 21 and you will obtain the new level of the U.S. federal debt (here you can watch a movie visualizing the U.S. debt of $20 trillion).
Thursday, April 05, 2018
As Volatility Spikes, Here’s What Could Be Ahead for Gold and Silver / Commodities / Gold and Silver 2018
By: GoldSilver
The shift from low to high volatility in the markets is on. And almost by default, that’ll include gold and silver, since they’re inversely correlated to stock markets most of the time.
We’ve already seen this at work. The S&P 500 fell 2.2% on April 2, and in response, gold rose 1.2% and silver 1.6%.
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Thursday, April 05, 2018
Gold Price Set For Sparkling Rally / Commodities / Gold and Silver 2018
By: Austin_Galt
Latest Price – $1340.20
Pattern – price looks to have been consolidating these past few months and as price rose into this consolidation pattern it should leave the same way – up. Breaking below the low of this consolidation phase at $1303 could be one area to place stops.
Bollinger Bands – price found support three separate times at the lower band. I doubt there will be a fourth time and price looks to have recently found support at the middle band.
Wednesday, April 04, 2018
Gold: Patiently Waiting for… Nothing / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
Gold started the month with an upswing, silver soared and… Silver stocks declined. Yes, you read that right. Big upswings can be bullish developments, but it’s definitely not true in all cases. For instance, in this case, one could say that while it’s true that gold moved higher, it failed to move to the late-March high, let alone break above it. Why is gold not moving decisively in any direction? What’s it waiting for? Was gold’s early-April rally just a late April fool’s joke?
Let’s start with the shocker – silver stocks (charts courtesy of http://stockcharts.com).
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Tuesday, April 03, 2018
Gold Sector is on a Long-term Buy Signal / Commodities / Gold and Silver 2018
By: The_Gold_Report
Technical analyst Jack Chan updates the gold and silver charts.
Our proprietary cycle indicator is up.
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Saturday, March 31, 2018
It’s Not Yet Time for Gold / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
Last week we noted that Gold’s quarterly close would be a key marker for Gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain patient. It’s not yet Gold’s time. It will be soon enough.
One catalyst for the most recent strength in Gold (the correction in equities) appears to have faded as the S&P 500 has held its 200-day moving average. A sustained rebound in equities while bond yields correct would not be particularly bullish for Gold. The obvious reason is capital is flowing into equities and not Gold. A rebound in equities amid a temporary reduction in inflation expectations would equate to stable or rising real yields.
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Thursday, March 29, 2018
Gold’s Old Friend Comes Back / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Remember LIBOR? The interest rate which soared during the global financial crisis? It’s on the rise again, but almost no one is paying adequate attention to it. We are – and we will analyze for you what this means for the gold market.
Hello LIBOR, My Old Friend
Simon and Garfunkel sang about darkness, the old friend. We can refer these words to LIBOR which has come to talk with us again. I bet you remember the Great Recession well. But let me briefly remind you that LIBOR soared in 2008 as banks were reluctant to lend to each other. The stress in the financial system fueled fears, increased risk premia and made LIBOR rise. Gold shined then. Just see the chart below.
Thursday, March 29, 2018
Can You Imagine $5000 GOLD? – I can, Here’s Why / Commodities / Gold and Silver 2018
By: Enda_Glynn
My Bias: Long to a new all time high above 1827.
Wave Structure: Impulse structure to a new high.
Long term wave count: wave (3) above 1666.
Thursday, March 29, 2018
Outlook for Gold – Same but Different / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
“Some things never change. Some things do.” You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that’s exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fact that gold will always somehow react to the fundamental news, but the way it reacts will vary over time. Moreover, this quote could describe the situation with the current analogies and price patterns in gold, silver and mining stocks. Because of the trade-war-based rally, they changed, but something didn’t. The outlook that they imply.
Tuesday, March 27, 2018
Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish / Commodities / Gold and Silver 2018
By: GoldCore
– Silver Futures Report, JP Morgan Record Silver Bullion Holding Is Extremely Bullish
– JP Morgan Continues Adding To Massive Silver Bullion Holdings (see chart)
– Silver Speculators Go Short – Which Is Extremely Bullish
– Stunning Silver COT Report: One For the Ages (see chart)
Tuesday, March 27, 2018
When Two Are Fighting, Gold Wins / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Do you hear the military march? The world’s largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China?
So It Begins
Trade war. This topic dominated the recent days. Last week, President Trump announced plans for tariffs on about $60 billion of Chinese imports. In response, Liu He, China’s vice-prime minister, told Steven Mnuchin, U.S. Treasury Secretary, that China is ready to defend its interests. Indeed, on Friday the country announced plans to impose tariffs on about $3 billion of U.S. imports. So are we at war?
Tuesday, March 27, 2018
GOLD - GATA IS AT IT AGAIN / Commodities / Gold and Silver 2018
By: Avi_Gilburt
A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.
GATA has been trying to convince all those who are willing to listen that it is not its fault that the metals market dropped from 2011 to 2015 (where silver lost 75% of its value). Rather than admitting that it was not able to foresee a standard market correction -- which I warned about before it happened -- it has been focusing on that big bad scapegoat named "manipulation." And, it takes bits and pieces of what people say in order to "prove" its point.
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Tuesday, March 27, 2018
Physical Gold Production May Be Peaking, But There Is No Shortage In Paper Gold / Commodities / Gold and Silver 2018
By: MoneyMetals
Gold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.