Category: Gold and Silver 2015
The analysis published under this category are as follows.Friday, November 20, 2015
Silver Prices and The Management of Perception / Commodities / Gold and Silver 2015
Silver prices and the management of perception economics, that's basically what MOPE stands for. I'm not sure if it was Jim Sinclair that coined that acronym. I think it was, but that's where I heard it for the first time.It's appropriate to have a subsection of propaganda for economics and finance, so this management of perception economics. It’s basically a system or an extension of generalized propaganda. You can also call it social engineering. You could call it a public relations campaign. In fact, public relations is just a PC term for propaganda. The specific type of propaganda that is associated with finance and economics is this management of perception economics.
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Friday, November 20, 2015
Waiting for Goldot Again / Commodities / Gold and Silver 2015
In August of 2005 I wrote an article entitled Waiting for Goldot. It seems silly now but the mood of the time was one of frustration for many gold bugs as the S&P 500 was on a robo grind upward and gold was seemingly going nowhere. The theme of the article was to have patience, gold was just fine. Of course, that period was in the midst of a more traditional inflation, when gold and commodities out performed stocks. So any measure of patience then was a tiny thing compared to what is needed today.
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Tuesday, November 17, 2015
A Half-Century of Gold, War, and Costs / Commodities / Gold and Silver 2015
In round numbers, these wars (in today’s dollars) were tremendously expensive:
Vietnam War: Estimated cost is $740 Billion
War on Drugs: Estimated cost is $1,000 Billion
War on Terror, including Afghanistan and Iraq: Estimated cost is $1,700 Billion and counting
War on Poverty: Estimated cost is $22,000 Billion
Total estimated war costs – about $25 Trillion. Really? Value received?
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Tuesday, November 17, 2015
Three Shocking Charts That Prove Gold Price Rally Is Coming / Commodities / Gold and Silver 2015
Sean Brodrick writes: I thought I’d seen the most shocking gold chart this year. Turns out I was wrong.
Lately, I’m seeing one chart after another that paints a picture in stark contrast to current low prices in the metal.
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Tuesday, November 17, 2015
Is COMEX the Center of World Silver Price Discovery? / Commodities / Gold and Silver 2015
In our recent LIVE Q&A interview with renowned silver analyst, Ted Butler, the following question came up. Below is the transcript of Butler’s response.Ted: Its a great question. COMEX is the center of the gold and silver universe.
Technically, there is trading on these other exchanges. Take the LBMA for example.
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Tuesday, November 17, 2015
Gold Price Hovering Above Support / Commodities / Gold and Silver 2015
Just as the Euro is hanging by a thread above its chart support zone, so too is gold hanging by a thread above a critical chart support zone. The bottom of that zone is the July low near $1070 with the zone extending upward towards $1080.
Gold drew a bit of support in today’s session ( Monday) out of safe haven buying tied to the horrific carnage in Paris but as is always the case with gold, rallies that come from geopolitical events, generally do not last long, especially when the underlying fundamentals for gold are as poor as they currently are.
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Tuesday, November 17, 2015
The Final Gold Chapter / Commodities / Gold and Silver 2015
This is the final chapter of this intermediate gold Cycle, and it’s likely to get ugly. If you’ve followed the blog these past few months, you would have been prepared for most of this move as it unfolded in real-time. The first post back on October 1st was Gold Cycle Running Out of Steam and was then followed up (Nov 1st) with Don’t Trust Gold Here. In both cases, I highlighted how the Weekly Cycle had topped and how similarly past Cycles behaved . It was why I argued that this Cycle appeared to be no different to the preceding failed, bear market Cycles since 2011. This is where gold finds itself today, standing on a ledge before a significant fall. For the patient (and protected) bulls, it may well become the final chapter of this great bear market.
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Monday, November 16, 2015
Undeniable Truths about Precious Metals (Don't Forget These...) / Commodities / Gold and Silver 2015
Clint Siegner writes: From first to worst. Gold and silver were the best assets to own during the first decade of this century. During this second decade... not so much. Precious metals bulls have endured 4 years of prices drifting lower punctuated by periodic smash-downs and the occasional false-breakout.
What really gets the goat of gold and silver investors is that, throughout this time, there have been very good fundamental reasons to own metals. Somehow those fundamentals never show up in the price. The price action in recent years is enough to make bulls question reality.
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Monday, November 16, 2015
Gold Remains “Best Insurance For A Crisis” – Ficenec / Commodities / Gold and Silver 2015
- “Future is uncertain and gold is the most effective insurance against that”
– As fears grow about outlook for global economy – long term attraction of gold remains
– As “central banks race to devalue currency,” private individuals are buying record amounts of gold
– “Gold is simply the best insurance against inflation, or deflation”
Editor’s Note: The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high. These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold.
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Monday, November 16, 2015
Why Gold Prices Could Bounce This Week / Commodities / Gold and Silver 2015
Since the last US employment release and comments from Yellen suggesting a December hike is likely, gold has struggled to maintain its downward momentum. Whilst we believe that the Fed will increase rates in December and gold prices will move lower over the medium term, there is a strong case for a bounce in gold prices in the short term. Technically gold is oversold and holding support at $1080. This is too low relative to market pricing for a Fed hike and should find support from weaker US data since NFP, lower stocks, lower oil as well as a safe haven bid from any escalation of issues related to ISIS and recent tragic events in Paris.
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Saturday, November 14, 2015
Silver Prices and The Fed Meetings / Commodities / Gold and Silver 2015
Hey guys it's Jeff here, stay right there, we are live, I'm really excited once again for two reasons: Number 1, I get to use this unique technology. When it works, it gives us the ability to create an immediate live replay or an encore replay, a transcript and also an audio version of this. The second reason why I'm excited is that we are continuing, this is our 7th episode in the series where we're covering what really determines the price of silver, the electronic price discovery versus the fundamental reality and during this time we've actually seen a complete turn of this cycle, this pattern, or this trading relationship between the big commercial banks and the managed money traders.Read full article... Read full article...
Saturday, November 14, 2015
Gold And Silver Sellers Remain In Control / Commodities / Gold and Silver 2015
This week, we are ending our commentary portion, probably until January due to a pressing time commitment for the next several weeks. Starting from next week, we will post charts and chart comments only on this site. If you are not a subscriber and still want to read the chart comments, you will have to subscribe in order to follow the updates.
This is not an effort to increase subscribers, rather, it is the only viable way because the sites to which our articles are submitted prefer some accompanying commentary, in addition to the charts. We do not use subscriber e-mails for any purpose other than submitting our commentaries directly to them. Subscriber privacy is respected. Besides, from our point of view, the charts tell the most compelling story.
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Saturday, November 14, 2015
US$ Breakout Could Unleash Capitulation in Gold and Silver / Commodities / Gold and Silver 2015
Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes. The strength in the US$ index is another reason precious metals should remain under pressure. If the US$ index makes a strong break above 100 it could trigger a final wave of liquidation in Gold and Silver.
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Saturday, November 14, 2015
Do Credit Spreads Move the Gold Price? / Commodities / Gold and Silver 2015
Although the bond prices do not drive the price of gold, the spreads between prices of bonds or yields - the different sides of one coin - with different risk level may be an important factor for the gold market. Why? Credit spread is a spread between two securities that are almost identical, except for quality rating. Because Treasuries are considered practically risk-free, they constitute a benchmark to which other bonds are compared. Thus, credit spread usually shows a spread between Treasury securities and identical (except rating) non-Treasuries. In other words, credit spread indicates the risk premium for investing in one (risky) security over another (considered to have almost no risk).
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Friday, November 13, 2015
Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties” / Commodities / Gold and Silver 2015
- Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties”
– Russia bought another 77 tonnes of gold in Q3
– Ruble volatility does not create risks for financial stability in Russia
– Russia intends building fx and gold reserves to $500 billion in coming years
– Gold is a “100% guarantee from legal and political risks”
Wednesday, November 11, 2015
Silver Price Slide in Early Phase / Commodities / Gold and Silver 2015
Commodity deflation has left no stone unturned and precious metals have not come away unscathed. Although promising as a store of value, recent moves by the Federal Reserve have seen some uncertainty surrounding Central Bank decision-making abate. Confidence in a December rate hike is high following a blockbuster jobs report that saw nonfarm payrolls surge to the highest level since December of 2014. Although current Fed Funds futures are rising towards the 70% threshold for liftoff at the mid-December FOMC meeting, the pressure is on for precious metals. A weak consumer inflationary dynamic combined with far-reaching commodity deflation is seeing investors abandon haven assets in favor of yield.Read full article... Read full article...
Tuesday, November 10, 2015
Gold, Stocks and the Elect a President Cycle Silly Season / Commodities / Gold and Silver 2015
The Silly Season – the Elect a President Cycle – is upon us. We pretend the candidates matter and care about the American public and their values, we pretend the election is important, and we forget that the outcome is heavily influenced and/or controlled by Wall Street and the Military.
Hillary Clinton: “What difference does it make?”
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Tuesday, November 10, 2015
One of America’s Largest Online Retailers Is Stockpiling Gold and Silver Coins to Pay Employees In Coming Crisis / Commodities / Gold and Silver 2015
One of America’s largest companies is preparing for problems in the banking and financial system and another financial crisis.
Online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and silver coins in preparation for another U.S. financial crisis. Patrick Byrne, its founder and chief executive, is a libertarian who champions crypto currencies, bitcoin and gold and silver bullion as financial insurance against risk in the financial and monetary system.
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Tuesday, November 10, 2015
Plunger’s Gold Bottom Watch / Commodities / Gold and Silver 2015
That’s where it appears we are now, the final drive to the bottom. Rambus’ weekend charts still show how bearish the PM charts are and it will take a lot of work to turn them around and get them pointed back up, Having said that I see the initial components we should expect to see of a bottom and turn entering into the picture. Call these pathway elements as they come before the bottom and take a bit of time to have their effect of bringing about the turn. First off what will propel the next bull leg in the PM stocks is the investment case for metal stocks. That is primary defined by the real price of gold and input costs into mines, That has been improving for over one year now. Mainly driven by the oil price, which imputes itself into all costs of a mining operation. Cheaper oil impacts not just extraction cost but costs of materials, explosives, those big expensive truck tires etc. Plus communities and governments are warming up to mining projects. Ecuador is a case in point, since oil revenue is down they need taxes from other sources and the mining sector is becoming favored again. Here is a view of the gold/oil relationship, note how the trend (30 EMA) is higher.
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Tuesday, November 10, 2015
Gold Price Falls Through Key Technical Support, Must Hold Above $1,072 / Commodities / Gold and Silver 2015
It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100. First, the price dropped through key support at both the 200-day and 100-day moving averages. Then it proceeded to violate the uptrend (green line) that has been in place since July and support at the September low of $1,097.
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