Gold Today –New York closed at $1,182.60 on the last day of 2014 and the first trading day of 2015 saw the gold price stand at $1187.40 ahead of London’s opening. The Fix saw the gold price set at $1,184.25 down $15.00 and in the euro, at €983.351 down €3.991 while...
Gold Editorials & Commentary
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January 2, 2015
As 2015 begins I’d like to briefly follow up on my most recent article in which I discussed the oversold condition in the miners. Breadth indicators as well as technical indicators (such as distance from the 200-day moving average) showed the miners reaching an...
Well there’s nothing like being optimistic at the start of a New Year and there are certainly many factors to be optimistic about if you are a gold bull. Gold demand remains strong – notably in China and India with those countries alone probably accounting for 100%...
The “year that was” brought mostly disappointment to precious metals bulls. Silver prices fell for the third straight year, while gold mostly flat-lined around the $1,200 per-ounce level.
January 1, 2015
The gold manipulation has been nasty and severe, bringing investors to their knees. This is exactly what TPTB wish to accomplish. They wish to discourage all precious metals investors, have them sell all they have and put it into the stock market.
December 31, 2014
Below is a gold chart I worked on this weekend. It has a lot of information on it to digest. First thing to note is the top rail of the black falling wedge. As you can see the top rail comes in around the 1215 to 1220 area. Not that it means anything but the two...
Looking back - Two surprise transformations at the end of 2014. A year of many surprises, 2014 ended with a couple surprise personal transformations largely passed over by the mainstream media.
Based upon most of the patterns I am tracking on the metals charts, it is not highly likely that the long-term lows have yet been seen in the metals and most mining stocks. That being said, I am still searching for a high probability pattern that is going to...
Dr Marc Faber, respected economic historian and author of the respected monthly newsletter, the ‘Gloom, Boom and Doom Report’, has warned that 2015 is set to be very volatile, urged international diversification and owning “physical precious metals stored outside...
December 30, 2014
Another week – another CFTC report – more of the same, namely the large speculative category, hedge funds and other reportable traders, continue their love affair with crude oil. This, in spite of the fact that the black goo has lost 50% of its price since June of...
In Poker, to go all in means to bet everything you have. I do not think it is an exaggeration to say that, at least so far as the mainstream audience is concerned, we gold advocates have gone all in. We have made one argument: we should adopt the gold standard,...
“Gold is money. Everything else is credit.” ~J.P. Morgan in 1912. Loyal readers of our Investor Alert and my blog Frank Talk are no doubt aware that the U.S. dollar’s rising strength has put pressure on commodities such as oil and gold.
In this article we are going to look at compelling evidence that the Precious Metals sector is either at or very close to a major bottom, and see why the chances are high that the sector will rally strongly in the New Year.
Gold is ending the year on a solid note. The bears promised that 2014 would be a horrible year for gold. Many bank economists predicted “double digit declines.” None of their shrill predictions have come to pass. That’s because the gold bears overestimated supply...
While the Hong Kong gold export figures may no longer provide such a good proxy for the level of Chinese gold imports as in days past, given the apparent rise in imports through Shanghai and Beijing (which are not imported) the Hong Kong figures do provide an...
December 29, 2014
If you want to know what happened in 2014 with regard to gold and oil, it’s important to appreciate the inverse relationship between the U.S. dollar and commodities. The following chart is a good place to start:
With all the volatility surrounding global currencies during the back half of the year, it is important to point out why investors hold gold. Aside from the dollar, gold has been the best performing currency in 2014. For those who hold most of their assets in...
Rick’s Picks in the past has shunned year-end predictions because there are far too many variables to handicap accurately. I’ve decided to take a crack at it anyway this year because I was curious to see what conclusions purely technical analysis would yield for...
This past year was jam packed with news of all sorts. Some was surprising, some of it was expected, while other news seemed to either be another dot to connect or an outlier dot to be connected later. We even got news from time to time which even in today's world...
In our opinion no speculative short positions in gold, silver and mining stocks are currently justified from the risk/reward perspective. The USD Index moved slightly above the key, long-term resistance level but gold rallied by almost $20 on Friday. We have seen...
December 28, 2014
The table below shows the transition of each reserve currencies (every 100 years or so) and the events that were carried out during each transition. Every transition was a period of great suffering marked by economic hardships, revolutions and wars.
This transcript of the interview with Jim Willie in early December 2014 highlights the importance of gold on the world stage, as well as other important events that are taking place.
It appears that an extremely rare event occurred when the Dollar Index bottomed and began a bull move, while gold gained approximately $1,000. Something at least equally as rare must have occurred at the same time to cause this result.
December 27, 2014
Oil has continued to crash throughout December, but I suspect there is now only marginally lower to go with the final low imminent. Let’s investigate using the monthly and daily charts.
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – up as of 11/14. COT data suggests lower metal prices overall going forward.
December 26, 2014
China Rules, Gold Slow Stokes, Silver Slow Stokes, US$ RSI, GDX & GDXJ analysis via videos:
Another December and gold stocks have reached another extreme oversold condition. This was the case precisely 365 days ago and the precious metals complex, led by the miners rebounded strongly for nearly three months. A year later and the gold stocks are even more...
We Americans no longer carry gold and silver money in our pockets and purses as our grandparents did during their lives. But we still carry the history, legacy and spirit of those gold and silver coins in our language – with more meaning than you might imagine.
The 2000s gold bull has brought a lot of attention to West Africa. This attention has not always translated to success given the unstable geopolitical environment in this part of the world. But the diligent miners able to endure and overcome the challenges have...
Holdings in the SPDR gold exchange traded fund fell to 712.9 metric tonnes before Christmas, the smallest amount held by the fund since Sept