Category: Gold and Silver 2018
The analysis published under this category are as follows.
Friday, March 02, 2018
Fed Interest Hikes, US Dollar, and Gold / Commodities / Gold and Silver 2018
By: Zeal_LLC
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There’s a fascinating interplay between these two currencies and futures speculators’ expectations for Fed rate hikes. These traders hang on every word from top Fed officials, which greatly influences their trading. So these relationships are important to understand.
In late December 2016, the venerable US Dollar Index surged to an incredible 14.0-year secular high. That was just a couple weeks after the Federal Reserve’s second interest-rate increase of this hiking cycle. Top Fed officials were forecasting three more rate hikes in 2017, fueling euphoric sentiment in this top reserve currency. Everyone believed higher prevailing interest rates would prove very bullish for the dollar.
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Friday, March 02, 2018
What Does February Stock Market Crash Mean for Gold? / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
One month after the February stock market rout is an excellent time to step back and review all the facts – and their implications for the gold market. Here’s exactly what happened – and what it implies for your capital allocation.
- After more than a year of continuously advancing, the S&P 500 fell nearly 10 percent in five days.
- The sell-off was allegedly triggered by the surprisingly strong January jobs report, showing the acceleration in wage growth. That released fears of higher inflation, which could prompt the Fed to tighten its stance further. As President Trump rightly pointed out (on Twitter, of course):
in the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down.
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Thursday, March 01, 2018
Why Did You Send Gold Lower, Mr. Powell? / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?
As We Warned, Powell Is More Hawkish
We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell could move faster on normalization than Yellen, as the macroeconomic conditions have become more favorable. As the Fed Chairman pointed out during his first testimony to the House Financial Services Committee,
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Thursday, March 01, 2018
Four Key Themes To Drive Gold Prices In 2018 – World Gold Council / Commodities / Gold and Silver 2018
By: GoldCore
– Four key themes to drive gold prices in 2018 – World Gold Council annual review
– Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018
– Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010
– “Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in sentiment: a growing recognition of gold’s
role as a wealth preservation and risk mitigation tool”
– China’s gold coins and bars market recorded its second-best year ever
– German, central bank and technological demand supporting gold prices
– Latest Goldnomics podcast explores these and other themes
Monday, February 26, 2018
Digital Gold Provide the Benefits Of Physical Gold? / Commodities / Gold and Silver 2018
By: GoldCore
– Will digital gold provide the benefits of physical gold?
– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold
– They are yet to provide the same benefits or safety as owning physical gold
– National mints jumping in on the ‘sexy blockchain’ act
– BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product
– Digital gold, blockchain gold and crypto gold is frequently not fully backed, unallocated, pooled and unsecured gold holdings
Sunday, February 25, 2018
Gold Setting Up For A Massive Upside Price Rally / Commodities / Gold and Silver 2018
By: Chris_Vermeulen
Over the past few months, our research team has nailed many of the recent moves in the Metals market thanks to our advanced price modeling systems and detailed research. Recently, we’ve been watching a setup play out in Gold that has excited us. The potential for a massive upside rally that should originate as early as March 19 (only a few weeks away). The reason this is so exciting is that a breakout move in the gold market would indicate a global rush into a protective market because of fears originating from other market sectors.
Friday, February 23, 2018
One Belt, One Road, One Direction for Precious Metals / Commodities / Gold and Silver 2018
By: MoneyMetals
All great events hang by a hair. The man of ability takes advantage of everything and neglects nothing that can give him a chance of success; whilst the less able man sometimes loses everything by neglecting a single one of those chances.
~Napoleon Bonaparte
China's launch several years ago of the One Belt, One Road Initiative is set to become the biggest commercial linking-system constructing project in world history. In the book David Morgan and I co-authored, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave, we discuss the "New Silk Road" this way:
...the plan, described as an “economic partnership map with multiple rings interconnected with one another” envisions an economic land belt and a maritime road linking Beijing through Europe to the Mediterranean. This modern equivalent of the old Silk Road would weave together the economies of over half the world’s population via transit corridors of highways, high-speed rail, fiber-optic cables, pipelines, and air and seaport hubs.
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Friday, February 23, 2018
Gold’s Curious Sentiment / Commodities / Gold and Silver 2018
By: Zeal_LLC
Gold is faring quite well today technically, though you sure wouldn’t know it from the rampant bearish sentiment. Gold’s price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn’t far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet traders are still down on gold.
Across all markets price action drives psychology. When something’s price is rising, traders get excited and bullish on it. So they increasingly buy to ride that upside momentum, amplifying it. Of course the opposite is true when a price is falling, which breeds bearishness and capital flight. Given gold’s great technical picture today, investors and speculators alike should be growing enthusiastic about its upside potential.
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Friday, February 23, 2018
Gold Bull and Bear Markets / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
In the previous part, we thoroughly analyzed the bull and bear trends in the U.S. dollar. But what about gold cycles? Let’s look at the chart below, which shows the long-term behavior of gold prices.
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Thursday, February 22, 2018
Gold Bulls, Brace Yourselves – Fed Interest Rate Hikes Are Coming! / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let’s analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?
Hawks Attack Bullion
We have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could be more hawkish than under Yellen. In December, after Powell’s nomination, we elaborated on our stance, pointing out two important changes: (1) the distinct macroeconomic environment – think about faster economic growth and more expansionary fiscal policy – in which Powell would have to act; (2) the composition of the FOMC in 2018 will move slightly from the dovish to the hawkish side. As a result, we stated that “a more hawkish policy would be a headwind for gold prices.”
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Wednesday, February 21, 2018
Bitcoin or British Pound ‘Pretty Much Failed’ As Currency? / Commodities / Gold and Silver 2018
By: GoldCore
– Bitcoin has ‘pretty much failed’ as a currency says Bank of England Carney
– Bitcoin is neither a store of value nor a useful way to buy things – BOE’s Carney
– Project fear against crypto-currencies or an out of control investing bubble?
– Bitcoin will likely recover in value but is speculative and not for widows and orphans
– British pound has been a terrible store of value – unlike gold
– Pound collapsed 30% in 2016 and down 11.5% per annum versus gold in last 15 years
– Fiat currency experiment may fail and dollar set to lose reserve currency status
Tuesday, February 20, 2018
Why Now Is the Perfect Time to Be in Gold and Silver / Commodities / Gold and Silver 2018
By: GoldSilver
We buy gold for many reasons—as monetary insurance, a crisis hedge, and even for simple diversification. And another one of those reasons is coming to the fore right now: as a hedge against overvalued stock and crypto markets.
We’ve been saying for some time that sooner or later these two markets had to correct—and that gold would serve as a buffer against those inevitabilities. It’s a short and simple message, but one that is crucial for investors to address: Are you sufficiently hedged against overvalued equity and cryptocurrency markets?
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Tuesday, February 20, 2018
Governments Are LYING about Their Gold Activities while Mining Companies Cower / Commodities / Gold and Silver 2018
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years some important revelations have come to light, which quite honestly should concern everyone.
It's great to have him back with us. Chris, good to have you on again and how are you?
Chris Powell: Oh, very good, Mike. Glad to be here.
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Tuesday, February 20, 2018
No Silver Lining Here / Commodities / Gold and Silver 2018
By: Kelsey_Williams
As bad as the prognosticators can be with their predictions for the price of gold, the situation for silver is even worse.
Some very recent headlines trumpeted the following proclamations:
“Silver prices to surge…”
“Silver…Why Prices Will Soar”
“Why You Must Own Silver…”
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Monday, February 19, 2018
Gold GLD ETF May Not Yet Be Ready To Break Out / Commodities / Gold and Silver 2018
By: Avi_Gilburt
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GDX, but want to also discuss the SPDR Gold Trust ETF (NYSEARCA:GLD), which is an ETF that attempts to mirror the movements of gold. While I have gone on record as to why I do not think GLD is a wise long-term investment hold, I will still use it to track the market movements.
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Monday, February 19, 2018
How To Trade Gold Stocks with Momentum / Commodities / Gold and Silver 2018
By: Chris_Vermeulen
As a technical trader, I like it when multiple charts, indicators, and asset classes agree with each other for trade setups. This short article is to show you some of the things I look at which provide a buy signal for gold stocks.
One of the key trading tips I learned years ago, is that average a sharp price reversal and surge in price, we as traders can buy into the first pullback with a high probability of a continuation in price.
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Monday, February 19, 2018
Is a New Gold Bull Market on the Horizon? / Commodities / Gold and Silver 2018
By: The_Gold_Report
A read of the gold charts is indicating that a breakout and new bull market are simply a matter of time, says technical analyst Clive Maund. Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for five years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bull market are simply a matter of time, and not much at that now.
Sunday, February 18, 2018
Gold: Another Month, Another Test Of Key Resistance – But This Time With A Difference / Commodities / Gold and Silver 2018
By: John_Rubino
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators – as tracked by the Commitment of Traders (COT) report – had gone overwhelmingly long, and since they tend to be wrong at emotional extremes, this was a red flag. Second, gold was approaching the $1360 level that had, since 2014, been the place where upward momentum went to die. For the relevant charts, see Gold Jumps To Crucial Technical Level. Important Action Coming Up.
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Friday, February 16, 2018
Gold Up 3.8% In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years / Commodities / Gold and Silver 2018
By: GoldCore
Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.
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Friday, February 16, 2018
Allow The Precious Metals Market To Prove Itself / Commodities / Gold and Silver 2018
By: Avi_Gilburt
We have been here several times before over the last year. The market has bottomed, provided us with a strong rally, but has failed to confirm the major break out for which we have been looking.
As I noted over the weekend, the 144-minute silver chart has been quite prescient in identifying turns in this market. And, it has still not yet failed us. But, the question is what type of turn are we seeing right now?
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