Category: Gold and Silver 2017
The analysis published under this category are as follows.Tuesday, December 05, 2017
Gold and Silver Price Bottom Soon / Commodities / Gold and Silver 2017
Gold and silver are on track to hit a yearly low this December, as they have for the past five years, says Bob Moriarty of 321 Gold, who explains his reasoning and why he welcomes these moves.
Silver and gold have hit a new a low for the year during December in each of the last five years. They are on track for repeating their journey this year if we are to believe sentiment matters. And I do.
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Tuesday, December 05, 2017
Gerald Celente: Middle East Wild Cards Could Bring Down Markets, Drive Up Gold / Commodities / Gold and Silver 2017
Mike Gleason: It is my privilege now to welcome Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world and it's always great to have him on with us.
Gerald, thanks for taking the time and welcome back.
Gerald Celente: Thanks for having me on.
Mike Gleason: Well, Gerald, to start off here, we still have the equities markets ripping and roaring and there is seemingly no news that can derail the train. So, as we head into the end of the year, what does your forecast show for the crowd on Wall Street? Is the party going to end anytime soon?
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Monday, December 04, 2017
Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries / Commodities / Gold and Silver 2017
– Increased efforts in green energy and advanced technology set to boosts silver’s demand
– Four-year supply deficit set to increase due to fewer mine openings and discoveries
– Bank manipulation may be why silver under performing
– TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018
– Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier
Monday, December 04, 2017
Bitcoin Achieved What The Gold Market Never Could & Never Will? / Commodities / Gold and Silver 2017
There is no absurdity so palpable but that it may be firmly planted in the human head if you only begin to inculcate it before the age of five, by constantly repeating it with an air of great solemnity. Arthur Schopenhauer
Gold bottomed in 2002, and it took nine years for its trade to a high of roughly $1900 (September 2011). Contrast that to Bitcoin, in less than 1/3rd of the amount of time it is showing gains of more than 11,000%. It took nine years for Gold to show gains of roughly 700% and Gold has given up a substantial portion of those gains.
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Monday, December 04, 2017
Gold Intermediate Cycle Update / Commodities / Gold and Silver 2017
Please also see my weekend post on the USD. I will be adding a few more updates over the next few hours.
This weekend, I would like to step back and take a longer term perspective on where Gold is likely headed in 2018. My first chart is a 20+ year weekly showing that Gold is at a major inflection point in my long term uptrend channel. It shows a massive 20+ year Bull Flag that is either going to continue its breakout above the 2011 down trend or this will be a false breakout and my uptrend channel will fail.
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Sunday, December 03, 2017
War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 / Commodities / Gold and Silver 2017
Dictatorship (noun): Definition #3: absolute power or authority (Websters);
Def. #2: absolute, imperious or overbearing power or control (Random House);
Def. #3: Absolute or despotic control or power (American Heritage);
Def. #3: Absolute or supreme power or authority (Collins English Dictionary);
Def. #1: A type of government where absolute sovereignty is allotted
to an individual or small clique (Wikipedia).
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained, you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” Sun Tzu, The Art of War
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Saturday, December 02, 2017
How Will Gold End 2017? / Commodities / Gold and Silver 2017
The 2017 is almost gone. The last eleven months were not perhaps a spectacular time for gold, but it managed to rise more than 12 percent year-to-date, as one can see in the chart below.
Chart 1: Gold prices year-to-date (London P.M. Fix).
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Thursday, November 30, 2017
The War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat / Commodities / Gold and Silver 2017
Dictatorship (noun): Definition #3: absolute power or authority (Websters);
Def. #2: absolute, imperious or overbearing power or control (Random House);
Def. #3: Absolute or despotic control or power (American Heritage);
Def. #3: Absolute or supreme power or authority (Collins English Dictionary);
Def. #1: A type of government where absolute sovereignty is allotted
to an individual or small clique (Wikipedia).
Thursday, November 30, 2017
Low Cost Gold In The Age Of QE, AI, Trump and War / Commodities / Gold and Silver 2017
‘Fear and Loathing In the Age of QE … AI’ is a presentation given at Mining Investment London earlier this week.
Stephen Flood, CEO of GoldCore presentation (28 minutes) was well received at the conference which is a strategic mining and investment conference for leaders in the mining and investment sectors, bringing together attendees from 20 countries.
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Wednesday, November 29, 2017
Gold Being Odd and USD Being Tricky / Commodities / Gold and Silver 2017
Every now and then we see some kind of anomaly on the precious metals market. Sometimes it’s particularly useful and sometimes it’s just something random. Yesterday was one of those days when something didn’t seem right. The USD Index rallied, silver declined, mining stocks declined and yet, gold closed the session higher. What can we infer from this uncommon event?
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Wednesday, November 29, 2017
Own Gold Bullion To “Support National Security” – Russian Central Bank / Commodities / Gold and Silver 2017
– We own gold bullion to “support national security” – Russian Central Bank
– Russia warns Washington: Confiscating fx reserves would be “declaration of financial war”
– Russia has quadrupled its gold bullion reserves in decade
– BRICs discussing ‘the possibility of establishing a single (system of) gold trade’
– Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar
– Putin warns state-owned and private companies: be ready for rapid transition to war-time operations
– Russia, China gold-buying, Saudi strategic shift signal petrodollar era ending
Wednesday, November 29, 2017
Gold Fundamentals Are Not Bullish Yet / Commodities / Gold and Silver 2017
Too many technical analysts dismiss fundamentals. True, technicals usually lead fundamentals but understanding the fundamental drivers (when it comes to Gold) can give you an edge. Gold and gold stocks have remained below their 2016 peaks even in the face of a very weak US Dollar because the fundamentals are not there. Real rates have been stable in 2017 while the yield curve has been flattening. Until things change, Gold and gold stocks have little chance to breakout.
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Wednesday, November 29, 2017
Quotes, Gloats, and Anecdotes from the Silver & Gold Summit / Commodities / Gold and Silver 2017
Jeff Clark : I attended the Silver & Gold Summit in San Francisco November 20 and 21. It was great connecting with the many people I know in the industry, but I will tell you that a) attendance was low, and b) crypto promoters were out in force. It turned out to be more of a gold and crypto conference than anything else. Some of the more lively sessions were the gold vs. crypto debates, and one company offered “free bitcoin!” if you opened an account with them.
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Wednesday, November 29, 2017
Gold's Global Supply Artery: Heading for Cardiac Arrest / Commodities / Gold and Silver 2017
By David Smith: An oceanic-scale demand push from "all parts Far East" is building, as the desire to own gold and silver promises to place an increasingly solid foundation for years to come.
China, India, and Southeast Asia have historically accumulated precious metal as a savings vehicle, a hedge against political uncertainty (e.g. India's surprise call-in last year of 80% of the country's paper currency), and as an expression of affection. China's newly-emerging affluent middle class alone is set to become larger than the population of the U.S. Frank Holmes collectively refers to these elements as "love and fear trades".
Wednesday, November 29, 2017
There’s No Silver Deficit, and Hasn’t Been One For 10 Years / Commodities / Gold and Silver 2017
The ongoing debate in the industry is whether or not there is a surplus or a deficit of silver supply. However, to silver expert David Morgan of The Morgan Report, there hasn’t been a deficit in at least a decade. “In the past, we were in a deficit, from 1990 to 2006. From 2006 until now, we’ve been in a surplus,” he told Kitco News at the Silver & Gold Summit in San Francisco. “We are not and have not been in a silver deficit for the last 10 years.” However, Morgan remains optimistic that silver prices can move higher. “We have a good base here, we’re at the launch point in next 3-6 months,” he said. “2018 is going to be a good year for silver.”
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Tuesday, November 28, 2017
Inflation Target, Taylor Rule and Gold / Commodities / Gold and Silver 2017
The central banks’ inability to achieve their inflation targets led some analysts to argue for modifying these targets. Are they inappropriate in a modern, globalized economy? Should central banks change them? Or should they conduct a more rule-based policy, as John Taylor argues? How would such moves affect the gold market?
As a reminder, the Fed (as well as other major central banks) targets 2-percent inflation. It may seem to be strange, as such a level is far away from the price stability (which, taken literally, means neither inflation nor deflation), which the central banks should are obliged to ensure. However, deflation is a central banks’ worst nightmare, so they want to have some buffer in case of negative demand shock. With the inflation target at zero, the margin of error would be very limited. But central banks have been missing their targets for years – should they change them?
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Tuesday, November 28, 2017
‘Implosive’ Silver Vulnerable To Big Price Drop / Commodities / Gold and Silver 2017
Admittedly, it must sound encouraging, and even exciting, to hear proclamations that a “silver” lining is now apparent in the metals complex. Or that a silver “blast-off (is) about to happen”.
Expectations abound for the long-expected, vertical leap in silver prices that never seems to come. And we are told it is supported by solid fundamentals that include supply deficits, a return to the 16 to 1 gold/silver ratio, increasing monetary demand for silver, etc.However, an examination of those fundamentals reveals a different picture. And that picture is inconsistent with the call for higher prices.
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Sunday, November 26, 2017
The Big Three Commodities : Copper, Oil and Gold / Commodities / Gold and Silver 2017
Tonight I would like to show you some long term charts for the big three, Copper, Oil and Gold. There are a lot of similarities between them which is strongly suggesting all three should be in new bull markets. The laggard is gold which has still not confirmed its new bull market but is getting closer as you will see. The key will be what the US dollar has up its sleeves so lets start with a daily chart for the US dollar.
The US dollar still hasn’t totally broken down yet, but it did have a failed inverse H&S bottom. It was a very beautiful and symmetrical H&S bottom that looked like it was going to reverse the downtrend that is right at a year old now. It had a nice clean breakout above the neckline with a clean backtest from above. All looked good. After a brief rally the US dollar declined once more to the neckline, but this time the neckline failed to hold support, strongly suggesting the H&S bottom was failing.
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Saturday, November 25, 2017
Silver Mining Stocks Q3’17 Fundamentals / Commodities / Gold and Silver 2017
The silver miners’ stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. These are generally due by 45 days after quarter-ends in the US and Canada. They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment. There’s no silver-miner data that is more highly anticipated than quarterlies.
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Saturday, November 25, 2017
Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’ / Commodities / Gold and Silver 2017
– FOMC minutes show uncertainty and concern about markets are affecting officials’ decision-making
– Officials were cautious when evaluating market conditions and the ‘damaging effects on the economy’
– Worry about ‘potential buildup of financial imbalances’ and a sharp reversal in asset prices’
– Members seem oblivious to impact of inflation on households and savings
– Physical gold and silver remain the only assets for real diversification and safety