Category: Gold and Silver 2017
The analysis published under this category are as follows.Sunday, August 20, 2017
A Midsummer Night's Dream: Buy Gold and Silver / Commodities / Gold and Silver 2017
Precious metals expert Michael Ballanger discusses the seasonality of gold and silver, and the metals' relationship with Bitcoin. Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity to know, Edmonton’s late George Milton, whose claim to fame was being the early financier for Bre-X (Not to worry, he and the bulk of his clients were long gone by the time the fraud was revealed). George would tell clients around mid-May to raise cash because after June 1, he would be AWOL. Because there were no cell phones, internet, text messaging or Twitter, that meant that George would be out-of-contact until mid-August and, true to form, on August 15th, he would arrive at the office, open his Rolodex, and begin to call clients. By the time mid-August arrived, the first shares he would buy were the ones he sold in mid-May and amazingly, 90% of those names had fallen 50% (or more) due to the illiquidity and disinterest so typical of the June-July period in the Canadian junior mining markets. He would spend the next two weeks accumulating his list and then watch as the mid-September reversal of fortune arrived with heightened liquidity and interest and prices paid for his late summer shopping spree would advance.
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Saturday, August 19, 2017
Gold Direction Indicator / Commodities / Gold and Silver 2017
The last time our ‘ Gold Direction Indicator’ was as positive as today, gold rose from $1220 to $1280. The date was July 12th and we wrote an article titled: “The Gold Direction Indicator Just Turned Positive”. Less than three weeks later price had advanced by $60. Well here we are, and the GDI just turned up from 52% to 79% (fully bullish). Following are some charts that support a Rising Precious Metals Scenario.
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Saturday, August 19, 2017
Historical Inevitability and Gold and Silver Ownership / Commodities / Gold and Silver 2017
The Wall Street Journal’s editorial writer, Daniel Henninger, registers some very important observations in the wake of the troubling events in Charlottesville. Charlottesville, he attempts to point out, is symptomatic of something much deeper ingrained in the American psyche. “Some may say,” writes Henninger, “the Charlottesville riot was the lunatic fringe of the right and left, with no particular relevance to what falls in between. But I think Charlottesville may be a prototype of a politics that is drifting away from traditional norms of behavior and purpose.” Aptly, the editorial is titled, “The Politics of Pointlessness.”
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Saturday, August 19, 2017
You Are Being Lied To About “Low” Gold Demand / Commodities / Gold and Silver 2017
Jeff Clark : I don’t like to use inflammatory language, such as the title of this article, but the message from the mainstream media about gold demand is a lie misleading.
Yes, coin purchases in North America are down compared to last year (a record-setting year, by the way). It’s been soft at a few other Mints as well, such as Perth.
But Eagle and Kangaroo purchases aren’t the whole market. You and I don’t buy paper gold products, for example, but throw in demand from this part of the industry and a very different picture emerges from the dour headlines you see from gold haters mainstream sources.
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Saturday, August 19, 2017
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High / Commodities / Gold and Silver 2017
– Gold and silver rise as stocks fall sharply after Barcelona attack
– Gold, silver 0.6% higher in week after last weeks 2%, 5% rise
– Palladium +36% ytd, breaks out & reaches 16 year high (chart)
– Gold to silver ratio falls to mid 75s after silver gains last week
– Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices
– Weekly close over $1,300 could see gold quickly test $1,400
– Palladium at 16 year highs today; gold, silver in coming months?
Friday, August 18, 2017
Marc Faber: In the Age of Cyber-Terrorism, Every Investor Must Own Gold / Commodities / Gold and Silver 2017
Shannara Johnson writes: Take it from “Dr. Doom”: own some physical gold and keep it out of the banking system.
Dr. Marc Faber, a legendary investor and the editor/publisher of the Gloom, Boom & Doom Report, is well known for his contrarian investing style.
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Tuesday, August 15, 2017
Gold Set To Rise While Debt-Based Assets Collapse / Commodities / Gold and Silver 2017
In a previous article, I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article.
Now, if those similarities continue, then the Dow will continue much higher from this point on, while gold will go into a long-term bear market. However, I have also pointed out that there are just too many fundamental obstacles, that would make such a scenario almost impossible.
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Tuesday, August 15, 2017
Gold and Silver Precious Metals Nearing Breakout / Commodities / Gold and Silver 2017
The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish and with the help of a correcting stock market precious metals could build on their recent rebound.
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Monday, August 14, 2017
Gold Price Is Facing 1300 Resistance Again / Commodities / Gold and Silver 2017
After a minor consolidation, XAUUSD moved above 1274.08 resistance and extended its upside movement from 1204.77 to as high as 1292.05, facing the important psychological level at 1300 once again.
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Friday, August 11, 2017
Gold to Silver Ratio: Turning Lower / Commodities / Gold and Silver 2017
Gold to Silver ratio looks to have ended cycle from 7/4/2016 low (64.38) and should turn lower at least in 3 waves to correct cycle from 7/4/2016 low. The video below explains what the expected turn lower in the ratio means to Gold and Silver:
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Friday, August 11, 2017
Silver Boom Time? / Commodities / Gold and Silver 2017
Previously, I have shown how conditions in the financial markets are very similar to that of the early 80s (circa 1983). Basically, the Dow was at a start of a long-term rally around 1983, and silver just broke down and entered a long-term bear market.
However, as I have predicted in that article, we would likely see a divergence, despite the similar conditions. Normally, when such a divergence occurs, then one gets a massive move in an opposite direction to the pattern or period compared to.
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Friday, August 11, 2017
Former Lehman Brothers Trader: Unpredictable Government Actions Make It Smart to Hold Gold / Commodities / Gold and Silver 2017
Shannara Johnson : What does a hot-shot Wall Street trader see in physical gold? And why would he be adamant about holding it?
Jared Dillian, former head of ETF Trading at Lehman Brothers, is an acclaimed financial author and investment strategist at Mauldin Economics. He first discovered gold in 2005 when the launch of the SPDR Gold Shares ETF (GLD) drew his attention to the yellow metal.
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Friday, August 11, 2017
Gold Up 2.3%, Silver 5.3% In Week – Gundlach, Gartman and Dalio Positive On Gold / Commodities / Gold and Silver 2017
– Gold is up 2.3% this week and silver has surged nearly 5.3% as stocks sell off on geopolitical risk
– Billionaire fund managers and commodities experts increasingly positive on gold
– Risks are rising, and everybody should put 5% to 10% of their assets in gold – Dalio
– Dalio’s Bridgewater, world’s largest hedge fund, warned clients that geopolitical risks are rising
Wednesday, August 09, 2017
Gold Sees Safe Haven Gains On Trump “Fire and Fury” Threat / Commodities / Gold and Silver 2017
– Gold climbs amid rising risk on US and North Korea
– Trump threatened North Korea with ‘fire and fury like the world has never seen’
– North Korea says prepared to strike the US territory of Guam
– North Korea said US exercise ‘proves that the U.S. imperialists are nuclear war maniacs’
– Heated rhetoric likely to support gold for rest of the week
Monday, August 07, 2017
Solar, Bubble, Banks, War, and Legal Tender: Five Reasons Why You Should Buy Silver Now / Commodities / Gold and Silver 2017
Shannara Johnson : Unlike its big brother, gold, physical silver is coveted for both investment purposes and industrial usage. Right now, silver prices are in a bit of a slump—in other words, it’s the perfect time to load up on this precious metal while it’s down. Here are some good reasons why silver should be on every investor’s radar.
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Monday, August 07, 2017
Gold Price Broke A Bullish Trend Line / Commodities / Gold and Silver 2017
XAUUSD recently broke below the bullish support trend line at 1264 on its 4-hour chart, indicating that a short term top had been formed and correction pullback could be seen in the coming days.
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Monday, August 07, 2017
Gold and Silver : The Battle for Control / Commodities / Gold and Silver 2017
There was some important price action in the Precious Metals Complex this past week as both gold and silver each tested important overhead resistance again. Always keep in mind that time is relative when it comes to the size of big patterns vs smaller patterns. When a multi year trendline is in place the breaking out and backtesting process can seem like it takes forever before you see some type of resolution to the pattern or trendline which has been the case with gold and silver recently.
Lets start with the long term weekly chart for gold we’ve been following for a long time now which shows its 2011 bear market downtrend channel. Almost exactly one year ago this month gold touched the top rail of its 2011 bear market downtrend channel at 1305 which held resistance. After a small decline gold once again rallied back up to the top rail of the 2011 bear market downtrend channel and failed once again. After another small decline gold has rallied back up to the top rail of the 2011 bear market downtrend channel which now comes in around the 1280 area.
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Monday, August 07, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the past week in gold and silver.
Monday, August 07, 2017
Get Ready for an Historic Upside Gold and Silver Run / Commodities / Gold and Silver 2017
The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we’ll soon be headed.
It means that when prices “base” in a relatively narrow sideways range for an extended period, they will at some point break out. Before the action gets underway, bears and bulls alike will get “sandpapered” as they take positions, trying to guess whether or not the price is getting ready to decline further or move upward into a new bull phase.
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Sunday, August 06, 2017
Predicting The Price Of Gold Is A Fool’s Game / Commodities / Gold and Silver 2017
It is frustrating at times to see the attention focused on predictions for the price of gold. The more sensational and spectacular the price forecast, the greater the cacophony.
It is worth taking a look back at a few of these predictions to help put things in perspective.
HEADLINE: Gold Forecast $6000, And Gold Mining Analysis Through Visualisation 23Jan2012
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