Category: Gold and Silver 2014
The analysis published under this category are as follows.Monday, December 15, 2014
Gold - The Weight of Time as Trend / Commodities / Gold and Silver 2014
George R Harrison writes: We’ve all felt it. The ‘weight’ of time acting as Trends in the markets.
Trends that hold longer than expected and whose change in direction appears when we least expect or believe it.
Once time accumulates for an action and establishes a Trend, those trends take a lot of work to change.
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Sunday, December 14, 2014
Gold and Silver Dreaming of a White Christmas / Commodities / Gold and Silver 2014
Stocks continued lower, putting in their worst week since May 2012.
Oil cracked into the $50's. We paid 2.25 per gallon for regular gasoline yesterday. Supply has been healthy, but demand has been off. So this is a mixed bag. We need to keep an eye on retail sales and wages.
I have a suspicion that a lot of the stock selling is part of an end of year portfolio cleansing. We will know more if we see how it goes next week.
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Saturday, December 13, 2014
Gold And Silver - Wall Street, aka United States, Pulls Off Another Destructive Coup / Commodities / Gold and Silver 2014
The clichéd definition of insanity is doing the same thing over and over and expecting different results.
There is no room for sanity in the United States, anymore, and the public is sleepwalking through it all. Arguably, this has been carefully orchestrated by the elites over the past century, as in 100 years and not just in the past decade or so. Capitalism is dead in the US, and has been for decades. Ironically, China and Russia are far more capitalistic. Once the elites took over the money supply, with the passage of the Federal Reserve Act in 1913, there was a concerted effort to take over all media and start a propaganda scheme that is far superior than any other country in effective population control.
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Saturday, December 13, 2014
Gold and Silver Starting to Show Bullish Signs / Commodities / Gold and Silver 2014
We've believed that Gold would need to break $1100 before we thought a bottom could start to develop. While that could still be the case, we are starting to see building evidence that precious metals could be forming a bottom.
In the past we've written about the importance of Gold's performance against other asset classes. Relative strength in Gold has preceded important bottoms in the Gold price during 2001, 2005 and 2008. That relative strength is starting to show. Below we plot Gold against various asset classes, which are noted in the chart. Several days ago Gold against foreign currencies (and the Euro) closed at a 15-month high. Gold has also moved to a 13-month high against Commodities. Also Gold may have bottomed against global equities as it has held support three times in 2014. Gold is weak only against the S&P 500.
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Friday, December 12, 2014
Gold Was The Safe Haven This Week / Commodities / Gold and Silver 2014
This week precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 this morning, thus building on the improved trend since gold bottomed nearly $90 lower at $1132 on 7 November.
Gold seems to be finding support at the 50-day moving average (MA), which currently stands at $1198 and now rising. The 200-day MA is at $1246, which suggests supply at this level could cap the rise for the moment: these levels matter to technical traders. On Comex there is evidence of some buying of gold futures, as opposed to bear closing, which is reflected in the rise in net contracts for the managed Money category shown in the chart below.
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Friday, December 12, 2014
New York Times on Benefits of Gold in Currency Wars / Commodities / Gold and Silver 2014
The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner.
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Friday, December 12, 2014
2014 Silver Eagle Sales Break Annual Record at Over 43 Million! / Commodities / Gold and Silver 2014
Silver Eagle sales in 2014 have already broken the 2013 annual record with a few weeks of sales still left to be counted. As of December 11, the U.S. Mint reported that 43.1 million silver eagles have been sold so far in 2014. This compares to the 42.7 million during all of 2013, which was the previous all-time record.
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Friday, December 12, 2014
Silver Price Bottom - Maybe / Commodities / Gold and Silver 2014
If you’re wondering whether silver has finally bottomed, just hang on because in a minute, we’re going to outline the 3-essential criteria points that will determine if this is going to be the case or not.
Is $14.10 all she wrote for silver bears? Technically, we cannot yet confirm this; however, I must admit that this particular bottom does appear rather alluring.
Don’t get your shorts all twisted in a bunch just yet people. Remember, you don’t want to fall prey to every pretty-looking bottom that comes along now, do you?
Thursday, December 11, 2014
Elliott Wave Charts Point to Shocking Countertrend for Gold / Commodities / Gold and Silver 2014
It's not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this interview with The Gold Report, he reads the waves and shares their indications that the stock market is headed for a downtrend, while commodities will move up, although not in a direct line.
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Wednesday, December 10, 2014
Gold Price Surges As Greece Crashes - Eurozone Debt Crisis Part II Cometh / Commodities / Gold and Silver 2014
Gold jumped 2.3 percent to a six-week high yesterday as sharp falls on stock markets globally led to renewed demand for gold as a haven.
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Wednesday, December 10, 2014
Fade the Gold Short Squeeze Ahead of the FOMC / Commodities / Gold and Silver 2014
The over-hyped Swiss gold referendum led to volatile trading for the yellow metal last week. That continued into this week with safe haven buying after the announcement of an early election in Greece and the resultant short covering continued that volatility. However, it’s very plausible that the coming week will show gold with even greater swings.Read full article... Read full article...
Wednesday, December 10, 2014
Trading Some Gold For Silver / Commodities / Gold and Silver 2014
Last Friday I decided the gold:silver ratio was so out of line that I swapped some of my gold for silver. The ratio is a measure of how many ounces of silver it takes to buy an ounce of gold.
Exchange Rate
My exchange rate last Friday was as follows: "USD 38.2355/goldgram & USD 16.3589/silver ounce" where 1 gram (g) of gold Equals 0.032 troy ounces (oz t) in gold.
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Wednesday, December 10, 2014
Physical Gold and Silver vs. Paper Gold and Silver: How Much Markup Are You Willing to Pay? / Commodities / Gold and Silver 2014
I am a gold bull, but I am also concerned about seriously misleading hype regarding alleged shortages.
For example, a friend recently emailed an article that contained this claim: Gold Selling for at least 50% over Spot in Asia-Rob Kirby.
Read full article... Read full article...According to Rob Kirby "In the Asian market, if you could find physical bullion as cheap as spot plus 50%, you'd be doing really, really, really well and you'd be hard pressed to find serious tonnage at that price in Asia."
Tuesday, December 09, 2014
7 Questions Gold Bears Must Answer / Commodities / Gold and Silver 2014
A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years.>
More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed.
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Monday, December 08, 2014
Why Wall Street and Governments Hate Gold / Commodities / Gold and Silver 2014
Gold is hated more than ever by both governments and the financial services community. This is because it has now become imperative to keep the illusion of confidence in sovereign debt and paper currencies. To that end, a gentleman by the name of Willem Buiter, Citigroup's chief economist, shot into the media spotlight by writing a note on the day before Thanksgiving stating his belief that gold is in a six thousand year-old bubble.
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Saturday, December 06, 2014
Gold-Backed Currency? Not Any Time Soon, But Be Prepared / Commodities / Gold and Silver 2014
Last year, many in 2013 were calling for the price of gold and silver to double, and more! Then came 2014 and those dashed hopes were pushed back to the second half of 2014. Earlier, in the first half of the year, we said that the second half could likely be more of the same, as in 2013, [See 2014 Could Be A Yawner]. With just a few weeks away from the end of the year, prospects for 2015 can equally be brought into question re PM price appreciation.
Is the petrodollar on the way out? More frequently, the signs say yes. Is a gold-backed currency standard waiting to replace it? Beliefs, at least in the PM community, remain high, but facts to substantiate the beliefs are hard to find. Sure, China and Russia have been and continue to be the largest buyers of physical gold, but is either the Renminbe or the Ruble ready for Prime Time? The short answer is no, and more emphatically for the Ruble. While the Renminbe is becoming more widely viewed as a potential replacement for the "dollar," China has nowhere near the capability of a world reserve currency system and all that it entails.
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Friday, December 05, 2014
Gold Shorting Exhaustion / Commodities / Gold and Silver 2014
Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy. And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals. Their sole driver has been American speculators’ extreme shorting of gold futures, which has battered gold’s price around in the absence of investment demand. But this epic gold shorting looks exhausted.
The core mission of all trading, whether long-term investing or rapid-fire speculation, is buying low and selling high. That’s the only way to multiply wealth in the financial markets. Short sellers execute this same strategy, but reverse the order. They borrow assets they don’t own, sell them presumably high, and later hopefully buy them back low to repay their debts. The key to shorting is selling high, not selling low.
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Friday, December 05, 2014
Gold Price Post Referendum Bounce / Commodities / Gold and Silver 2014
It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring so far as precious metal markets are concerned. It was fairly obvious before the referendum that no sensible trader would had bought gold in the expectation it would go through, so there would be few short-term sellers afterwards. Equally, it was so obvious to traders the referendum would fail that there may have been some short-sellers, or perhaps deferred buying waiting for the event to pass.
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Friday, December 05, 2014
ECB Draghi’s QE Battle With Germany; Rules Out ECB Gold Buying / Commodities / Gold and Silver 2014
The European Central Bank will decide early next year whether to follow the Federal Reserve, Bank of England and the Bank of Japan with quantitative easing or money creation to buy government bonds and other assets but will not buy gold, its president Mario Draghi said yesterday.
Speaking in the ECB's new 1.3 billion euro headquarters, an imposing Frankfurt skyscraper designed to show the strength of the ‘single’ currency, Draghi threw down the gauntlet to Germany and signaled that he would not allow opposition from Germany or anyone else to stop the ECB’s QE.
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Friday, December 05, 2014
The Precious Metals Guarantee / Commodities / Gold and Silver 2014
A friend recently sent me a picture of a 1957 $1 silver certificate he found in his change while buying a cup of coffee. He’d been a coin collector as a kid and learned that his father carried nearly the same note in his wallet.
When I brought up Gresham’s law and the recent news that U.S. public and private debt had just breached the $18 trillion mark, it made very little impression, other than a brief pause in thought, though barely recognition.
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