January 19, 2015 - 07:30:37 PST

Silver Market Update - Clive Maund

On silver&rsquo s 6-month chart shown below, we can see the clear breakout on Friday from the Head-& -Shoulders bottom. Thi... Read More

 

January 16, 2015 - 12:20:35 PST

Silver Ready To Run - Adam Hamilton

The bottom line is Silver is ready to run higher in a major new upleg. Silver is ultimately driven by Gold&rsquo s fortunes..... Read More

 

January 16, 2015 - 11:42:23 PST

Traders Bullish - Gold Climbs To Four-Month High As Open Interest Surges

Aggregate open interest in Gold futures climbed by 5.6 percent on Jan. 15, the most since October 2009. Read More

 

January 16, 2015 - 06:36:52 PST

Gold Hits Over $1270 - 4 Month Highs

Gold & the USD are the most correlated since July 2010. Despite the surging USDollar - which any mainstream media pu... read more

January 16, 2015 - 06:52:32 PST

Why 2015 will be the year for Gold - Top analyst

" All these central banks are all going to debunk their currencies, said Dudas. " & it' s going to default to just one ... read more

Daily Gold & Silver Market Report - 1/16/2015

1/15/2015 10:31:10 AM By: Brandi Brundidge

 

GOLD CLIMBS AFTER SNB ABANDONS CURRENCY CAP UNEMPLOYMENT RATE RISING

Gold jumped more than 2 percent today on  shocking news the Swiss National Bank (SNB) will abandon its three-year currency cap  of 1.20 francs per euro.  " Gold is gaining from a risk-off situation because nobody expected the Swiss central bank not to keep that cap, and this has created potential big losses in many places and is obviously triggering some flight to safety," Saxo Bank senior manager Ole Hansen said.  The currency cap was initially enforced in 2011  after the SNB' s failed attempt to fight deflation by purchasing foreign bonds.  The European Central Bank (ECB) meets next week and is expected to announce a new round of fiscal strategy, which could be behind Switzerland' s bold move to exit its previous policy.  " This is happening a week before the ECB meeting, which could add even further pressure to the euro ... more [quantitative easing] in the [eurozone] is a double-edge sword for Gold in dollar-denominated terms but Gold in euro terms should benefit," Hansen said.

The U.S. job market appears to be performing poorly after reports showed  last week' s number of new unemployment benefit claims increased to the highest level since September.  Almost 3 million new jobs were added to the market last year, the largest annual rise since 1999.  The market anticipates the job market will play a major role on when the Federal Reserve decides to raise interest rates later this year.

At 11:30 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,266.40 Up $29.90
• Silver, $17.21 Up $0.18
•  

 

 

January 14, 2015 - 14:04:54 PST

5 Charts For Fully Invested Bears - Lance Roberts

All five of the charts above have linkages to each other, and when one goes, they will all go. So pay attention to the d... Read More

 

January 13, 2015 - 16:36:41 PST

Marc Faber - " I' m Positive That Gold Will Rally 30% In 2015"

&ldquo My belief is that the big surprise this year is that investor confidence in central banks collapses. & when that ha... < a data-cke-saved-href=&http://quot http://www.mining.com/faber-gold-will-rally-30-in-2015-32148/" href=&http://quot http://www.mining.com/faber-gold-will-rally-30-in-2015-32148/" title=" Marc Faber - " i' m=" " positive=" " that=" " gold=" " will=" " rally=" " 30%=" " in=" " 2015" " =" " target=" _blank" style=" margin: 0px padding: 0px border: 0px outline: 0px font-weight: inherit font-style: inherit font-family: inherit font-size: 15px vertical-align: baseline clear: right color: rgb(65, 82, 143) text-decoration: none text-transform: capitalize " > Read More

1/14/2015 8:39:34 AM By: Paul Stevens

 

GOLD GAINS AS WORLD BANK CUTS GLOBAL GROWTH FORECAST

Precious Metal prices are relatively flat in early morning trading, giving back some of yesterday' s gains.  Gold reached a 12 week high Tuesday, supported by investor concern over the slowing global economy  and oil' s continued slide.  However,  heavy selling in the commodities sector has put a slight damper on Gold' s rally.  Although commodities have seen recent struggles, some investors are more concerned with the continued market volatility.  Grace Trading portfolio manager Chad Gassaway said, " While volatility has given opportunities to shorter time frame traders, investors have struggled over the longer term. Such an increase in volatility is concerning at minimum."

Commodity and  financial markets around the world took a hit Wednesday as the World Bank cut its growth forecast for 2015 and 2016.  Growing concern over anemic economies that continue to struggle and the growing threat of deflation are dominating trader action.  Christian Gattiker, chief strategist and head of research at Bank Julius Baer, said, " These growth fears are keeping markets busy, and it is linked with the deflation question.  We do have the stress in financial market because it' s about the solvency and liquidity of oil producers."

At 9:38 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,241.30 Up $4.90
• Silver, $17.00 Down $0.21

 

 

Copper tumbled below $5,500 a metric ton for the first in five years as a cut in the World Bank&rsquo s global growth forecast fueled speculation demand for raw materials won&rsquo t be enough to eliminate a supply glut.

 

Copper dropped as much as 6.6 percent and nickel slid 2.2 percent. The world economy will expand 3 percent in 2015, according to a World Bank report released today, down from a projection of 3.4 percent in June.  The Bloomberg Commodity Index of 22 energy, agriculture and metal products slid to the lowest level since November 2002 yesterday after dropping 17 percent last year.

 

&ldquo The news everywhere is doom and gloom,&rdquo said David Lennox, a resource analyst at Fat Prophets in Sydney. &ldquo Prices are going to keep sinking.&rdquo

 

Copper for delivery in three months on the London Metal Exchange dropped as much as $388 to $5,472 a ton, the lowest intraday price since July 2009. The metal was trading 6.1 percent lower at $5,501.25 ton at 9:54 a.m. in Hong Kong.

 

All other metals on the LME declined, with nickel dropping to the lowest since February 2014.

 

Maybe commodities are on to something...



 

Naah - stocks are all-knowing...



 

 

1/13/2015 10:30:57 AM By: Brandi Brundidge

 

GOLD HITS 12 WEEK HIGH CRUDE OIL REACHES SIX YEAR LOW

Gold continues to climb reaching its highest point since mid-October at $1,243.60  per ounce with the stock market and currencies reacting seriously to sliding crude oil prices.  For the month of January, Gold has jumped five percent as the U.S. economy has become pressured with equities dipping, which has caused concern over whether the Fed will increase interest rates anytime soon. " There is an element of beginning-of-the-year exuberence in gold,carrying over from the relative weakness in the equity markets at the moment," Mitsubishi analyst Jonathan Butler said.  " The fact that gold can rally despite the dollar being relatively strong says something of the uncertainty regarding the U.S. economy," Butler said. " There' s a question over whether we' ll revert to gold as a safe haven, as we' ve seen in recent days, or if U.S. growth is going to pull through and ultimately drive the dollar higher, with negative implications for gold."  

Oil prices hit their lowest point in nearly six years today as Brent crude oil fell to $45.19 a barrel down 3.5 percent for the day.    The market is showing signs of concern as oil prices have fallen 60 percent since June and do not show any signs of recovery.  It has been revealed that policymakers are alarmed that lower oil prices could push major economies into a deflation period even though it has been pointed out that prices help consumers&rsquo pockets.  The European Central Bank is expected to unveil a new fiscal policy that includes government bond buying possibly at its next policy meeting on January 22. 

At 11:30 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,241.50 Up $6.70
• Silver, $17.25 Up $0.64

 

January 12, 2015 - 12:28:10 PST

Very Strong Reasons For Buying Precious Metals

it is hard to get excited for the paper market. Otherwise, keep stacking. Read More