US$, China Stock Market, Gold Bull Flag, River Right Shoulder, GDX & GDXJ analysis via videos.

Daily Gold & Silver Market Report - 2/6/2015

 

February 05, 2015 - 11:51:02 PST

Central Banks And Their Gold - Bloomberg

Almost half of Germany' s gold is stored in vaults under the streets of Manhattan. Or is it? Read More

 

 

2/5/2015 12:09:08 PM By: Marcey Hollon

 

GOLD FALLS ON UNCERTAINTY STOCKS RALLY ON OIL

Investors were left on the sidelines with uncertainty as the  European Central Bank (ECB) said it will no longer accept Greek bonds for funding  on Thursday. Gold fell almost one percent on the news and Athens, which is seeking debt relief from eurozone lenders, received a blow by the ECB' s announcement that lowered the euro against the dollar in early trading. In an effort to fight off an economic slowdown and add more liquidity, China cut the reserve requirements for banks, which may provide short term demand for Gold. While China and Europe continue to pour more money into their systems, the United States is moving toward a tightening cycle.

Ahead of Friday' s all important jobs report, U.S. stocks traded higher due to encouragement by oil gains as oil recovered to trade above $50 a barrel. " We have a habit of looking at crude as a barometer for global economic growth," Wunderlich Securities chief market strategist Art Hogan said. Regressive analysis by his firm showed that for the last 25 years, the S& P 500 has only had a 0.03 correlation with crude. That correlation has jumped to 0.7 since crude began its decline last June.

At 1:08 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,264.50 Down $2.20
• Silver, $17.23 Down $0.23

 

 

By  Pierce Wellington  -  February 4, 2015

GOLD DAILY- As the below chart describes we should end the gold correction this week. Good support around the $1,240 level. Once we start heading higher, I will start looking for signs of a top. No divergences to note in the indicators at the moment.

 

February 04, 2015 - 17:38:25 PST

Axel Merk - Increase Gold Position - Avoid Swiss Franc

Merk discusses the ECB' s recent QE program & the SNB' s decision to dump the 3-year old euro peg. He also explains wh... Read More

 

February 04, 2015 - 07:06:35 PST

Gold Climbs After China Cuts Reserve Ratio

Gold and other metals prices climbed on Wednesday, getting a boost from the Chinese central bank&rsquo s decision to cut the r... Read More

2/4/2015 8:41:08 AM By: Brandi Brundidge

 

GOLD ON MOVE THOUGHTS SPLIT ON INCREASING INTEREST RATES

Gold rebounded from yesterday' s 1 percent loss after China' s central bank required banks to reduce the amount of cash on reserves to make it available for stimulating their economy. " Gold' s rally this year has partly been based on this premise that central banks are losing their fight against slower growth and deflation  and are having to take even more radical monetary policy measures and this plays into that narrative.  But it' s also because China is a huge consumer of Gold and economic growth should boost demand. That said we' re really talking about impact on the margin," Macquarie analyst Matthew Turner said.

Not everyone agrees that the Federal Reserve should increase interest rates, including former General Electric Chairman and CEO Jack Welch, who confirmed his thoughts today on CNBC' s " Squawk Box," saying, " I think the Fed would be crazy to raise rates at this point with the dollar where it is.  It would be insane." After last week' s Fed meeting, policymakers did not rule out hiking interest rates this year however, they haven' t set a definite date.  An important factor to consider before changing interest rates is how the job market is performing. The ADP National Employment Report confirmed today U.S. private employers added 213,000 jobs in January, while a Reuters survey of economists had projected 225,000 jobs.    The market will focus on Friday' s non-farm payrolls report to get a better perspective of how the U.S. economy is performing.

At 9:40 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,269.30 Up $6.80
• Silver, $17.48 Up $0.10

 

February 03, 2015 - 12:59:32 PST

ECB Money Printers At Work - As Europe Slides Into Recession - Lending Standards Keep Deteriorating

Fixing banks & bank lending is not the same as fixing the economy. If you have to do it by destroying money everywhe... Read More

 

February 03, 2015 - 15:53:14 PST

Want To Sleep Better At Night? Here' s How

If you had held cash in its most traditional form - Gold - you would be ahead of the game. The price of a night at Motel... Read More

 

 

 

2/2/2015 10:07:49 AM By: Paul Stevens

 

METALS PULL BACK AS INVESTORS CASH IN ON PROFITS

Precious Metal prices are off to a slow start Monday morning after closing January with Gold' s biggest monthly rise in three years.  A  bleak global economic outlook has supported the metal' s safe haven demand, while the boost in price has caused some investors to begin profit taking.  Societe Generale analyst Robin Bhar said, " Midweek last week we saw a 3 percent fall in Gold post the [Federal Open Market Committee], based on fears that the United States is still on course to raise rates. The market has had a good tailwind to it, and now there are a few more doubts creeping in that perhaps the rally was overdone. There is a bit of profit taking coming through."

International stocks stalled Monday as investors continued to take in disappointing eurozone growth data and China' s first Purchasing Managers Index gauge contraction in nearly 2 1/2 years.  With the Greek political situation creeping back into investors' minds,  some are concerned with the future of the European market. Goldman Sachs analysts wrote in a note, " We do think that (a Greek eurozone) exit would generate heightened volatility and a higher risk premia in other European equity markets, particularly in the periphery."

At 11:06 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,274.50 Down $6.70
• Silver, $17.28 Up $0.02