Category: Gold and Silver 2017
The analysis published under this category are as follows.Friday, July 07, 2017
Gold Seasonal - The Golden Age Has Just Begun / Commodities / Gold and Silver 2017
In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin.
I thought you might for a change want to hear of an asset that will be in a seasonal uptrend over coming months.
Such assets do of course exist, and one that has particularly good prospects at the moment is gold.
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Friday, July 07, 2017
GOLD Flashing Bullish Signals Again, USDJPY Contracting Triangle in Play / Commodities / Gold and Silver 2017
My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: N/A. USD: Non-Farm Employment Change, Unemployment Rate, Fed Monetary Policy Report.
USDJPY has spent the week going sideways in a contracting range.
This price action is beginning to look like a contracting triangle,
Possibly within wave '4' pink.
Thursday, July 06, 2017
6 Things Precious Metals Naysayers Get Dead Wrong / Commodities / Gold and Silver 2017
Stefan Gleason : Answering the Most Common and Current Objections
Gold attracts its fair share of detractors. But the most common objections to gold as money, and as a safe-haven asset within an investment portfolio, are misplaced. Anti-gold myths are ubiquitous.
Mega billionaire Warren Buffett remarked derisively of gold that it “gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
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Tuesday, July 04, 2017
Gold Price Broke Below Major Support Trend Line / Commodities / Gold and Silver 2017
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 at 1232 on its daily chart. Gold price is now facing another key support at 1214.17.
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Tuesday, July 04, 2017
Gold GLD ETF Recognition Day / Commodities / Gold and Silver 2017
Today is called a recognition day when it finally becomes apparent that the trading range is ending and you have a massive breakout move. We can still get a backtest to the breakout point which would represent the 2nd area to take a position. Today GLD gapped below the H&S backtest to the bottom rail of the black bearish rising wedge and that very important S&R line which last week I said came into play around the 117 area.
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Monday, July 03, 2017
Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016 / Commodities / Gold and Silver 2017
– Gold up 8% in first half 2017; builds on 8.5% gain in 2016
– U.S. dollar down 6.5% – worst quarter in seven years
– Gold higher in all currencies except Draghi’s euro
– Gold outperforms bonds; similar gains as stock indices
– S&P 500 and Dax outperform gold marginally
Monday, July 03, 2017
Precious Metals Sector On Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is down.
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Monday, July 03, 2017
Gold: Are We All Dead Wrong? / Commodities / Gold and Silver 2017
The natural resource sector is the most volatile sector to invest in, says Lior Gantz, editor of Wealth Research Group, and he discusses factors to take into consideration when investing.
The fact remains that the natural resource sector is the most volatile sector we can invest in.
In your brokerage account, if you see reds and not greens, as you did between January 2016 and August, then make sure you read today's piece thoroughly.
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Sunday, July 02, 2017
Gold Price Trend Line Broken / Commodities / Gold and Silver 2017
Gold has closed below its intermediate uptrend line. This is the first confirmation that a larger intermediate degree decline has begun.
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Saturday, July 01, 2017
Gold And Silver – Why No Rally? Lies, Lies, And More Lies / Commodities / Gold and Silver 2017
One thing certain of all politicians, no matter where in the world, they all lie. The US federal government, that captive political body beholding to Wall Street interests, also a subsidiary of the international bankers that controls the West and all fiat-issued currency, is one of the worst when it comes to lies and deceit, primarily because Europe can only play a poor second fiddle to federal US dictates. South America can offer no resistance, nor can South Africa.
China is beginning to flex its overblown might, and Russia, while in opposition, remains under attack by the West, led by the Neocons [Nazi-types] from the US Deep State trouble makers. The only thing the federal US government does is start wars, and if there is a war going on anywhere around the globe, the US is either directly or indirectly responsible. Wars feed the [fading but still formidable] military might as a means of keeping the fiat Ponzi scheme, aka the “dollar,” alive as the [diminishing] world reserve fiat currency.
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Saturday, July 01, 2017
Gold is Weak in Real Terms / Commodities / Gold and Silver 2017
Intermarket analysis is a rather new field in technical analysis but one of my favorites because it is critical in understanding Gold. Asset classes like stocks and bonds are enormous and aren’t as influenced by as many factors as Gold. Trends in stocks, interest rates, commodities and currencies impact Gold in one way or another. We have written many articles over the years analyzing Gold with respect to its outlook and standing in real terms. Gold, when in a true bull market outperforms against all currencies and the global equity market. Unfortunately that is not the case at present. In real terms, Gold is weak, getting weaker and it could be a reflection of the metal’s worsening fundamentals.
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Monday, June 26, 2017
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Monday, June 26, 2017
Gold & Gold Stocks Nearing a Big Move / Commodities / Gold and Silver 2017
Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we can say is precious metals are nearing a big move. Gold and gold stocks have traded in tight ranges which will compress further while volatility indicators approach multi-year lows. This is the setup for a break and then a powerful move with increasing momentum and volatility.
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Sunday, June 25, 2017
Gold and Silver Ongoing Consolidation May End Soon / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets, and believes the ongoing consolidation may end soon.
Our proprietary cycle indicator is down.
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Sunday, June 25, 2017
Gold and GDX Update / Commodities / Gold and Silver 2017
From Venice… closes above the 10ema which is a good first step, IMO.
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Friday, June 23, 2017
Gold Summer Doldrums / Commodities / Gold and Silver 2017
Gold has spent most of June grinding lower on balance, damaging sentiment and vexing traders. Usual selling leading into the Fed’s latest rate hike contributed, but the summer doldrums are also in play. Gold has typically suffered a seasonal lull this time of year, on waning investment demand as vacations divert attention from markets. But these summer doldrums offer the best seasonal buying opportunities of the year.
This doldrums term is very apt for gold’s summer predicament. It describes a zone in the world’s oceans surrounding the equator. There hot air is constantly rising, creating long-lived low-pressure areas. They are often calm, with little or no prevailing winds. History is full of accounts of sailing ships getting trapped in this zone for days or even weeks, unable to make any headway. The doldrums were murder on ships’ morale.
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Friday, June 23, 2017
Gold’s Seasonality: Time to Get Positioned Ahead of Strongest Months / Commodities / Gold and Silver 2017
Despite the recent weakness, the price of gold is still up 9% year to date and may be poised for a strong second half of 2017. This is not unusual: the yellow metal also had a strong start in 2016, only to give back some gains but ended the year in an uptrend, setting up a rally as the calendar moved to 2017.
So is there a seasonal pattern to the gold price? To answer that question, we dissected gold’s performance dating back to 1975 and identified some trends investors can use to their advantage.
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Friday, June 23, 2017
EUR/JPY Exchange Rate and Gold / Commodities / Gold and Silver 2017
We argued many times that the yellow metal behaves as a currency rather than as a commodity. Hence, macroeconomic factors and currency exchange rates affect the price of gold. In previous editions of the Market Overview, we analyzed the impact of the U.S. dollar and its exchange rate with the Euro and the Yen on the gold market. We pointed out that gold is negatively correlated with the greenback, so it moves in tandem with the Japanese or European common currency, as they are the major rivals of the U.S. dollar.
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Friday, June 23, 2017
Gold and Silver Are "Asymmetric" Trades / Commodities / Gold and Silver 2017
By David Smith: An asymmetric trade is a situation where investing a relatively small amount of money holds the potential of yielding a profit many times the amount of the original sum at risk. In other words, where the risk to reward is skewed massively in the direction of reward.
This took place recently with Bitcoin (BTC). Is this conceptually different from bets made years ago on Microsoft, Cisco, Amazon, or Facebook, which yielded hundreds of percent profit to intrepid investors? Does it have relevance to the possible returns during the next few years for those who hold physical gold and silver?
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Thursday, June 22, 2017
Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle / Commodities / Gold and Silver 2017
Today I would like to update a few ratio combo charts as several are at a crossroad, which may shed some light on where the PM complex may be headed next. A couple of the ratio combo charts worked out extremely well in calling a bottom in January of 2016.
Lets start with the TLT:TIP ratio combo chart we looked at recently which shows if we’re experiencing inflation or deflation. When the ratio in black is falling it’s showing deflation and when it’s rising it’s showing inflation. From the 2011 high the general trend has been for deflation. About a year ago you can see the black ratio was rising in a pretty strong move up, but late last year and the first part of this year the ratio topped out and has begun to fall. The red arrows shows how the ratio is reversing symmetry down over the same area on the way up. For the time being there isn’t much in the way of support.
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