Category: Gold and Silver 2016
The analysis published under this category are as follows.Saturday, March 19, 2016
Gold And Silver - Shanghai Exchange Effect On Silver? / Commodities / Gold and Silver 2016
The trend for silver remains down, for now, but there is something going on within this market that does not confirm a change in trend but "appears" to be indicting a one. It has been acknowledged that the fundamentals for both silver and gold are overwhelmingly positive, yet price has not responded. More accurately, price has not been allowed to respond by the globalist's manipulation via their central banks, in general, and specifically by the both military and money might of the also manipulated United States, the federal corporate government version.
Read full article... Read full article...
Saturday, March 19, 2016
Precious Metals Ignore Correction Calls / Commodities / Gold and Silver 2016
Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks ago we noted a comparison to the 2008 rally which hinted that miners could correct 20% before moving higher. So far, no dice. Many gold bulls continue to expect a correction while losing sight of the bigger picture: precious metals are in a new bull market.
Read full article... Read full article...
Saturday, March 19, 2016
The Coming Gold Mania - How to Make 10, 20, Even 50 Times Your Money / Commodities / Gold and Silver 2016
By Justin Spittler
Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000.
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
Read full article... Read full article...
Friday, March 18, 2016
Silver Price Soars 4%, Gold Consolidates On Federal Reserve / Commodities / Gold and Silver 2016
Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.”
Read full article... Read full article...
Friday, March 18, 2016
Comex Gold Rigging – Fact or Myth? / Commodities / Gold and Silver 2016
The U.S. gold market is second, after the London gold market, as the most important center for gold trading. Although the U.S. has a well-developed OTC spot market for gold, it primarily trades paper gold, i.e. gold derivatives (futures and options) and ETFs. The first gold futures market was established in Winnipeg, Canada, at the Winnipeg Commodity Exchange in 1972, but when private gold trading again became legal in the U.S. a few years later, Americans jumped at the opportunity and opened their futures markets. In December, 1974, the Commodity Exchange Inc. (Comex), launched gold futures trading and quickly gained a dominant position. Although the volume built up slowly, the trading expanded and Comex launched gold option trading in 1982 (options are on gold futures, not on the bullion itself). In 1994, Comex merged with the New York Mercantile Exchange (Nymex), officially becoming its division responsible for metal trading. Since 2008, Nymex and Comex have been owned and operated by the CME Group, the largest derivatives marketplace in the world.
Read full article... Read full article...
Thursday, March 17, 2016
Gold and Silver March Madness / Commodities / Gold and Silver 2016
"The main thing is that the debt is in dollars. So we can't run out of cash--we print the stuff. Suppose that foreigners decide we're not reliable. How does that drive up interest rates? The Fed controls short-term interest rates, and long-term interest rates reflect expected short rates. How's that supposed to happen?" Paul Krugman, Interview on CNNMoney
Well, at least now we know why gold was knocked down lower in the paper trading earlier this week.
Read full article... Read full article...
Wednesday, March 16, 2016
Gold and Silver Vultures / Commodities / Gold and Silver 2016
"We see dimly in the Present what is small and what is great,
Slow of faith how weak an arm may turn the iron helm of fate,
But the soul is still oracular; amid the market's din,
List the ominous stern whisper from the Delphic cave within,—
'They enslave their children's children who make compromise with sin.'
Truth forever on the scaffold, Wrong forever on the throne,—
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above his own." James Russell Lowell
Wednesday, March 16, 2016
David Morgan: Silver Supply under $16 Is Limited. Serious Backlash Coming If Futures Market Breaks / Commodities / Gold and Silver 2016
Mike Gleason, Money Metals Exchange: I'm happy to welcome back our good friend David Morgan of TheMorganReport.com and author of the book The Silver Manifesto . David it's a pleasure to talk to you as always, how are you?
David Morgan, The Morgan Report: I'm doing well, thank you for having me on your show.
Mike Gleason: Well to start out I'll ask you to comment on the market action here in 2016 so far. Now, gold and silver have done quite well, we had gold advancing on weakness and concerns in the equities markets earlier in the year. In March, we've seen it continue to do well even as stocks rebounded from a strong employment report. One would think it's a bullish sign when we get good price action even with supposedly negative news for precious metals coming out. So give us your thoughts on the market action so far this year, David, and specifically why do you think the metals have done so well here in the early part of 2016?
Read full article... Read full article...
Tuesday, March 15, 2016
Gold and Silver Rally Could Have Durability – SWOT Analysis / Commodities / Gold and Silver 2016
Gold and silver’s fundamentals look good and the rally in bullion and gold stocks may have durability points out Frank Holmes of U.S. Funds writing in Gold Seek today.
In his weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:
Read full article... Read full article...
Sunday, March 13, 2016
Gold and Silver COT Update - Get 30,000 Coffins Ready... / Commodities / Gold and Silver 2016
PM Sector longs have had a laugh at our expense over the past couple of weeks as gold has continued to edge higher after we called it down, but it is looking more and more like they will end up like those 4 fools in the classic Clint Eastwood Spaghetti Western, A Fistful of Dollars. Clint rides into a tiny flyblown town and the 4 fools shoot around his mule's feet. After advising the undertaker to Get 3 coffins ready, having made a slight underestimation, Clint returns and challenges the 4 fools by saying "When you apologize to my mule like I know you're going to". Needless to say they do not respond in the required manner to this demand and so Clint quickly dispatches them to the great satisfaction of the undertaker.
Read full article... Read full article...
Sunday, March 13, 2016
Gold and Silver - Central Banks As Financial Cosmeticians / Commodities / Gold and Silver 2016
Today was just one of those days where the 'invisible hand' tries to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and 'lays an egg' in doing it.
So after all this today, are you feeling more confident in The Recovery™?
Read full article... Read full article...
Saturday, March 12, 2016
The Gold Correction Is Here / Commodities / Gold and Silver 2016
Ben Morris writes: The price of gold is up 21% since the middle of December... from $1,051 an ounce to $1,270.
Saturday, March 12, 2016
Gold And Silver – Precious Metals Amid A World Of Lies And Deception / Commodities / Gold and Silver 2016
Political and financial turmoil reign around the world, by design. It is the classic example of the elites at work working their never-fail formula of Problem-Reaction-Solution. They create havoc of some kind, any kind, wherever they choose, the Problem. It is usually political upheaval fomenting unrest, and the broader the unrest the better. It often takes the form of financial turmoil, disrupting a country’s GDP, currency, whatever, as long as there is disruption. It can be war, a function no other country creates more of than the US. It can be massive immigrant migration, currently underway. Why does the name Soros come to mind?
Read full article... Read full article...
Saturday, March 12, 2016
Gold Commitments of Traders is Worrisome / Commodities / Gold and Silver 2016
To sum up my view of this week’s COT report in one word…. WORRISOME.
I use that word because of what we saw happen to the safe haven trades today on account of that monster rally in the US equity markets.
Gold was under pressure for the entirety of the session today but seemed to especially weaken into the late afternoon hours as the US equity markets kept pushing higher and went out near the highs of the day. That more than likely will translate into additional downside followthrough in Asian trade Sunday evening. Where it goes after that will depend on whether or not dip buyers show up.
Read full article... Read full article...
Saturday, March 12, 2016
Can Gold Price Climb to $1400/oz? / Commodities / Gold and Silver 2016
At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz following the ECB decision. Corrections in both Gold and gold stocks have been limited to swift declines lasting no more than two days. While we cannot predict the future, we think there is some chance that Gold could reach Gundlach's target before a sustained correction.
Read full article... Read full article...
Friday, March 11, 2016
The Day the Dollar Bait-and-Switch Died… Gold May Boom / Commodities / Gold and Silver 2016
Did you know that Thursday was one of the most critical market days in recent memory, one that should be internalized by gold bulls, currency traders and equity investors alike.
It was the day the latest central banking “bait and switch” died.
What did we learn? The dollar is done tightening in any meaningful way. And the euro is done loosening.
Read full article... Read full article...
Friday, March 11, 2016
Gold Rises To 13 Month High as ECB ‘Bazooka’ Shoots Blanks / Commodities / Gold and Silver 2016
Gold prices climbed to a 13-month high in dollar terms overnight ($1,282.51) after the increasingly adventurous, dare one say reckless, European Central Bank unleashed its latest ‘bazooka’ and initiated more interest-rate cuts, a significant extension in currency printing and bond purchases and also a potential subsidy to banks lending.
Read full article... Read full article...
Friday, March 11, 2016
Crumbling U.S Empire Drives Russia and China to Move into Gold / Commodities / Gold and Silver 2016
Central bankers have been on a massive Gold Buying Spree led by Russia and China. One must remember that not only is Putin ex-KGB, but he is also an economist and holds a black belt in judo. Judo teaches you to use your opponent's momentum to defeat him or her, and that appears to what Putin is doing. He has this administration running circles, by the time they figure out what he is up to, it is too late to do anything. Putin and China can see that the writing is on the wall that the days of U.S holding the top spot are numbered. Our economy is in shambles and only appears to look strong because of the hot money that is holding it up. Regarding illusions, it is a perfect illusion and for now, the masses have bought it, but Russia and China have not.
Read full article... Read full article...
Friday, March 11, 2016
London Gold Price Fix Rigging - Fact or Myth? / Commodities / Gold and Silver 2016
The London Gold Market is a part of the London Bullion Market, which is a wholesale over-the-counter market for the trading gold and silver, coordinated by the London Bullion Market Association. It is the wholesale market - the usual minimum size of transaction is 2,000 ounces of gold (while the standard size is 5,000 ounces) - individual investors are practically excluded from the market. The London Gold Market was the most important gold market until the 1970s, when the American Commodity Exchange Inc. (Comex) started to trade gold futures and soon gained prominence. Currently, the gold market is dominated by these two centers of gold trading. The Comex dominates the market in gold futures, while the London Gold Market is by far the largest global center for over-the-counter (OTC) transactions. It is also the biggest marketplace for gold in the world by the volume of trade (the London OTC spot market is about ten times higher that of the U.S. futures market), which clears the annual mining production of gold every few days.
Read full article... Read full article...
Thursday, March 10, 2016
Bonds, Debt and Gold - Keep The Money Game Churning / Commodities / Gold and Silver 2016
There is money to be made so the game must be played… It’s always “ShowTime” in the financial markets. What is the game plan?
Levitate the bond market. See chart below. Keep those interest rates dropping so the bond market continues its 35 year climb. Oops – $7 Trillion in bonds with negative interest rates, at last count, with more from Japan this week. Have we reached a limit? Probably not, but what could go wrong lending money to insolvent governments who guarantee they will return less than they borrowed in 10 years?
Read full article... Read full article...