Category: Gold and Silver 2017
The analysis published under this category are as follows.Thursday, November 23, 2017
Is This Gold Rally The Start Of Something Big? / Commodities / Gold and Silver 2017
First published on Sunday Nov 19 for members of ElliottWaveTrader.net: While I would love to believe that the rally we saw on Friday is the start of the next larger degree break out in the metals complex for which many have been eagerly awaiting, there are many signs that suggest it is only part of a corrective rally.
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Thursday, November 23, 2017
The Precious Metals Bears' Fear of Fridays / Commodities / Gold and Silver 2017
In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.
Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver.
Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.
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Wednesday, November 22, 2017
Geopolitical Risk Highest “In Four Decades” – Global Gold Demand to Remain Robust / Commodities / Gold and Silver 2017
– Geopolitical risk highest “in four decades” should push gold higher – Citi
– Elections, political and macroeconomic crises and war lead to gold investment
– Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank
– “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” – Commerzbank
– Reduce counter party risk: own safe haven allocated and segregated gold
Wednesday, November 22, 2017
Harry Dent’s Gold Prediction Invalidated / Commodities / Gold and Silver 2017
We were recently asked to comment on Harry Dent’s predictions for the gold market and we thought that our reply might benefit other gold investors as well. To be precise, we were asked about Harry Dent’s 30-year cycle that supposedly peaked in 2011, and we supposedly could expect gold to peak again somewhere between 2038 and 2040 (you can watch the interview here). The indirect implication is that gold is not likely to soar sooner and that it’s likely to decline for a relatively long time.
Mr. Dent is referring to gold as a premier commodity and he claims that it moves up and down with the commodity cycle, which, in his opinion, is 30 years.
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Tuesday, November 21, 2017
Gold Sector is On a Long-term Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest movements in the gold and silver markets.
Our proprietary cycle indicator is down.
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Saturday, November 18, 2017
Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom / Commodities / Gold and Silver 2017
This was going to be part of an NFTRH update, but I decided to make it public, as we’ll have plenty of other information to work on this weekend in NFTRH 474 after such an eventful market week.
With all due caveats about the non-stellar gold CoT data (we’ll update in #474) I wanted to note a constructive situation in gold vs. oil, which is a key sector fundamental consideration. Now, there is still a constructive situation in play for nominal crude oil, so take this post for perspective more than anything.
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Friday, November 17, 2017
Mystery of Inflation and Gold / Commodities / Gold and Silver 2017
At the September FOMC press conference, Yellen admitted that subdued inflation was a puzzle for the Fed. She said:
“This year, the shortfall of inflation from 2 percent, when none of those factors is operative is more of a mystery, and I will not say that the committee clearly understands what the causes are of that.”
Actually, the chart below shows that inflation has been subdued for years. The last time when the CPI was above the Fed’s 2-percent target (formally set in January 2012) in a decisive and lasting way was in 2011 and at the beginning of 2012.
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Thursday, November 16, 2017
Gold’s Long-term Analogies / Commodities / Gold and Silver 2017
A daily rally in gold, daily decline, daily turnaround and other daily price developments are both interesting and dangerous. Interesting, because nothing is as exciting as a big intraday move. Dangerous, because they can make one too emotional about a given trading position and lose the focus on the big picture (forgetting about the forest by focusing on individual trees). In today’s analysis, we feature two analogies to the previous situations in gold which should make it clearer what’s likely to be seen in the coming months, even if a lot of daily price swings in both directions are about to be seen shortly.
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Thursday, November 16, 2017
Here’s Why You Shouldn’t Store Precious Metals Yourself (Hint: It’s More Than The Risk Of Theft) / Commodities / Gold and Silver 2017
Olivier Garret : There’s nothing like holding a gold coin in the palm of your hand. So it’s not surprising that many investors prefer to store precious metals at home or somewhere nearby.
But is it worth the trouble?
While I agree that having some precious metals stored safely at home may benefit you in the event of a major crisis paralyzing the financial system, that should amount only to a small portion of your holdings.
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Wednesday, November 15, 2017
Did The Fed’s Alan Greenspan Admit Gold Is Being Manipulated? / Commodities / Gold and Silver 2017
Every now and then I see another analyst publicly claim that the gold market is being manipulated. And, the reason they come to that conclusion is because the market moved in way “they did not expect.”
Now, for those of us who are thinking people, we clearly see the issue with such a perspective. Why is it “manipulation” when an analyst is not able to recognize their own limitations?
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Wednesday, November 15, 2017
These Headlines Say Gold is Building a Base for Something Big / Commodities / Gold and Silver 2017
It may be frustrating to watch the gold price remain dormant as stock markets continue to push higher. But while cryptos and Trump grab a lot of the headlines, you might be surprised to know there are significant forces behind the scenes that signal the gold market is not only strong but suggest something big is coming.
Check out these reports from the last 30 days and see what conclusion you’d draw…
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Tuesday, November 14, 2017
Protect Your Savings With Gold: ECB Propose End To Deposit Protection / Commodities / Gold and Silver 2017
– Protect Your Savings With Gold: ECB Propose End To Deposit Protection
– New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility
– Fear covered deposits may lead to a run on the banks
– Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure
– Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins
Tuesday, November 14, 2017
Gold on the Ledge, Trend Forecast / Commodities / Gold and Silver 2017
This is my favorite time within any Cycle. Mostly because it’s one of three points within an Investor Cycle where the probability of getting it right is as favorable as it will ever be. If played correctly, it’s also the type of setup where your portfolio can be given a significant boost. In this case, I am of course talking about the final Daily Cycle top, where the move down into the Daily and Investor Cycle Lows is often the most powerful and convincing of events.
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Tuesday, November 14, 2017
Silver Sign’s Confirmation & More / Commodities / Gold and Silver 2017
Briefly: In our opinion, full (150% of the regular full position) speculative short positions in gold, silver and mining stocks are justified from the risk/reward perspective at the moment of publishing this alert.
In our previous free analysis we discussed the silver market viewed from the non-USD perspective and we commented on the possibility of seeing a more visible corrective downswing in the USD after it moved closer to the 96 level. In today’s essay, we would like to further elaborate on the white metal – not only because we saw another sign in the non-USD silver price, but also because we would like to reveal a technique that can tell us when the next reversal in silver is likely to take place.
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Saturday, November 11, 2017
Gold Investment Stalled / Commodities / Gold and Silver 2017
Gold has largely been drifting sideways for the better part of a couple months now, sapping enthusiasm. Gold investment demand has stalled due to extreme stock-market euphoria. Investors aren’t interested in alternative investments led by gold when stocks seemingly do nothing but rally indefinitely. But once stock-market volatility inevitably returns, so will gold investment demand which fuels major gold uplegs.
Like nearly everything else in the global markets, gold prices are heavily dependent on investment capital flows. When investors are buying gold in a meaningful way, demand exceeds supply which drives gold’s price higher. When they’re materially selling, supply trumps demand thus gold’s price naturally retreats. The past couple months have been stuck in the middle, with gold investment flows neutral on balance.
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Friday, November 10, 2017
Gold Market 2017 Will We See a Replay of 2015 and 2016? / Commodities / Gold and Silver 2017
In both 2015 and 2016, the price of gold bottomed in December, as one can see in the chart below.
Chart 1: Gold prices (London P.M. Fix) from January 2015 to October 2017.
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Friday, November 10, 2017
A “Silver” Lining In The Precious Metals Market / Commodities / Gold and Silver 2017
When I look at the 3 charts that I follow in the metals complex, they seem to be telling a different story today, at least in their micro structures.
Silver seems to have broken out of its downtrend, and can be viewed as having completed wave i of its (c) wave to the target box above. GLD seems to be stuck in neutral, with the same “potential” structure as silver, but without as much clarity to its micro count as silver has potentially presented.
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Thursday, November 09, 2017
Psychological Warfare in the Precious Metals Markets / Commodities / Gold and Silver 2017
For almost a year now the PM stock indexes have been building out a triangle trading range that has yet to be determined if it is going to be a consolidation pattern or a reversal pattern. With big patterns one can lose sight of what is really there, as the longer a trading range develops the more trendlines one puts on a chart, and the more confusing things become.
Tonight I would like to show you, from a Chartology perspective, what the basic patterns are, from the short term to the longer term. The bigger a trading range the more chart patterns can develop before we see the final product. Sometimes it’s totally different from the early stages of the trading range. It’s important to clear ones mind of all the preconceived notions of what they think is happening to just what the charts are suggesting. It’s a hard thing for most investors to do because of all the things we read each and everyday which works on our subconscious. More than anything else we are playing a game of psychological warfare.
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Wednesday, November 08, 2017
Gold Prices – Inflation vs. Deflation / Commodities / Gold and Silver 2017
Inflation is the debasement of money by government. The expansion of the supply of money and its subsequent loss in value results in an increase in the general level of prices for goods and services.
Deflation is characterized by a contraction in the supply of money and a decrease in the general price level of goods and services. (What we are currently experiencing is called ‘disinflation’ which is a lower rate of inflation.)
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Tuesday, November 07, 2017
How to Protect All of Your Assets (Including Gold) from Government Seizure / Commodities / Gold and Silver 2017
Olivier Garret : On April 5, 1933, President Franklin D. Roosevelt issued an executive order making private ownership of gold illegal. The order forced Americans to sell their bullion to the Treasury at the then legal price of $20.32.
Gold ownership remained illegal in the US until 1974.
Failure to tender your gold could get you a maximum fine of $10,000 (492 ounces of gold or approximately $625,000 at today’s prices) and up to 10 years’ imprisonment.
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