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Gold & metals
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bsiong
Supreme |
06-Jan-2015 07:59
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Frank Holmes - January 5, 2015
Gold traders surveyed by Bloomberg are bullish for next week. Rising concerns surrounding the political uncertainty in Greece are increasing the precious metal&rsquo s appeal as a haven.
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bsiong
Supreme |
31-Dec-2014 08:20
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Frank Holmes - December 30, 2014
" 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&rsquo s rising strength has put pressure on commodities such as oil and gold.
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bsiong
Supreme |
31-Dec-2014 08:18
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 12/30/201412/30/2014 10:55:06 AM By: Brandi Brundidge
GOLD JUMPS 2 PERCENT CRUDE OIL CONTINUES TO DROP Precious Metals prices received a nice boost this morning thanks to year-end buyers and, as is common toward the end of the year, short-covering. Gold rose more than 2 percent, hurdling over the $1,200 per oz price that most investors eyed as a key level. The market anticipates both Greece&rsquo s election outcome along with tensions between Russia and the west to highlight Gold as a safe haven for bullish investors. Greek elections are anticipated to be earlier than normal, on January 25, due to Prime Minister Antonis Samaras not being able to pull in the necessary votes to hold office. " A weaker dollar, uncertainty in Greece&rsquo s political situation and a pullback in equities are all adding to support in Gold," Phil Streible, a senior market strategist at RJO Futures in Chicago, said in an email. Crude oil futures fell to a five-year low today due to fear of a surplus. The oversupply is expected to run into the first half of 2015 with 1.5 million barrels a day, according to Citi Futures analyst Tim Evans. " For now, we see U.S. crude-oil production as still contributing to the declining call on OPEC crude oil and the wider global supply-demand surplus," Evans said in a report. Oil prices have been affected by both supply disruptions and declining demand in Asia and Europe, with no clear forecast for the near future. At 11:53 a.m. (ET), the APMEX Precious Metals spot prices were:
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Bigmama
Elite |
31-Dec-2014 08:03
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x 0
x 0 Alert Admin |
How come no more bullish postings about 50 dollars silver, 2000 gold in the near future anymore? Lol | ||
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bsiong
Supreme |
31-Dec-2014 00:11
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields TumbleUSDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) & Treasury yiel... Read More |
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bsiong
Supreme |
27-Dec-2014 19:53
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
China Rules, Gold Slow Stokes, Silver Slow Stokes, US$ RSI, GDX & GDXJ analysis via videos: China Rules The World Charts Analysis Gold Slow Stokes Rally Fuel Charts Analysis Silver Slow Stokes Leads The Way Charts Analysis US Dollar RSI Warning Of Danger Charts Analysis GDX Roadmap To $27 Charts Analysis GDXJ Volume Of Champions Charts Analysis ********
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bsiong
Supreme |
27-Dec-2014 19:50
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Junior Gold Stocks Volume Of ChampionsMorris Hubbartt December 26, 2014 China Rules, Gold Slow Stokes, Silver Slow Stokes, US$ RSI, GDX & GDXJ analysis via videos: China Rules The World Charts Analysis Gold Slow Stokes Rally Fuel Charts Analysis Silver Slow Stokes Leads The Way Charts Analysis US Dollar RSI Warning Of Danger Charts Analysis GDX Roadmap To $27 Charts Analysis GDXJ Volume Of Champions Charts Analysis ******** |
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bsiong
Supreme |
26-Dec-2014 21:04
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Rambus - December 25, 2014
I have a busy night ahead but I just wanted to post a few long term charts to show you the relative nature of a chart pattern. I know most of you know that the bigger the consolidation or reversal pattern the bigger move to expect. If one is looking at a minute chart...
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bsiong
Supreme |
24-Dec-2014 07:59
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Could Russia Back Its Currency With Gold?At this point in time, it may make more sense for Russia to accumulate gold reserves, as it would help the country to di... Read More |
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bsiong
Supreme |
24-Dec-2014 07:57
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Koos Jansen - December 23, 2014
Many blogs are tracking SGE withdrawals currently, using it as the yardstick for Chinese wholesale gold demand. While partially true, I would like to emphasize this yardstick has become elastic.
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bsiong
Supreme |
24-Dec-2014 07:56
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Trader Dan - December 23, 2014
This morning, the US Commerce Department released the Q3 2014 annual rate of growth number. The number shocked the analysts who had expected an upward revision to the previously released number of 3.9% but the average estimate was 4.3% growth. The actual number came in...
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bsiong
Supreme |
23-Dec-2014 08:06
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold&rsquo s Future Closely Tied to the US Dollar&rsquo s By John Kicklighter, Chief Currency Strategist and Michael Boutros, Currency Strategist 22 December 2014 23:00 GMT After an extended bout of congestion, Gold reverted back to its broader trend this past quarter and dipped to fresh four-year lows. Yet as remarkable as these levels are on a historical basis, there remains a notable lack of conviction to the metal&rsquo s pace. Controlled swings between multi-year lows and failed recoveries will likely continue to plague investors until one of the commodity&rsquo s major fundamental currents is resuscitated. As it happens, circumstances are converging in such a way that the opening months of 2015 will likely rouse all of its principal roles: alternative store of wealth, safe haven and portfolio diversification...but not necessarily in a beneficial way. Through the height of Gold&rsquo s incredible run from 2007 to 2011, there was a perfect storm of fundamental support found via the aforementioned themes. In the midst of a global financial and economic crisis, investors were scrambling for eminent havens. Monetary policy officials responded by dramatically decreasing global interest rates (which removed a considerable hurdle for an asset that provides no yield) and soon graduating to unorthodox policy like stimulus that devalued &lsquo fiat&rsquo assets. Moving into 2015, we are revisiting these themes but the mix is substantially different. As it happens, the US Dollar is motivated by the same set of elements but benefits under different circumstances. That said, these two benchmarks will likely continue carving out divergent paths ahead. 
Chart Created by John Kicklighter In 2015, the market will focus more sharply on monetary policy efforts in terms of effectiveness for maintaining stable economic and market conditions as well as its implications for currency devaluation (what some have taken to calling &lsquo currency war&rsquo ). Both the ECB and BoJ have made exceptional efforts to increase their respective balance sheets which in turn has driven the Euro and Yen dramatically lower. That trend is likely to continue but this time around, gold is not positioned as a last resort. The Dollar is an appealing and liquid substitute. What&rsquo s more, the US (alongside the UK) is closing in on its return to a policy tightening regime. Currency and commodity will not present a perfect mirror to each other though. In the event of an overdue, global deleveraging of risky assets in 1Q, gold would likely find a bid alongside the Greenback. Yet, the market would soon show a USD preference for either its depth or carry. Technicals: Facing Critical Support and Limited Ambitions 
Chart Created by John Kicklighter using data from Bloomberg and FXCM Marketscope 2.0 Gold prices are down roughly 1% quarter-to-date after recovering off a key threshold in early November trade. Last quarter we noted support targets at the, " 2013 lows at $1179 - a barrier that was defended twice last year - and a critical Fibonacci confluence in the $1137-1155 region. Short exposure into this threshold is at risk..." Indeed gold achieved our target at this key support region, trading as deep as $1130 before rebounding back into the $1200 region. Note that a 2005 trendline support also converges on this region with a break below needed to for the next leg down to materialize. While the broader fundamental picture for gold remains weighted to the short-side, heading into the start of 2015 this region will remain paramount with ongoing divergence in the momentum signature warns of possible exhaustion in the medium-term. That said, be on the lookout for a rally heading into first quarter to offer more favorable short entries with a break below the $1137/55 barrier targeting support objectives at $1100, the 2010 low at $1044 and $975/749. Interim resistance stands at $1236 with only a breach above August 2013 trendline resistance invalidating our broader bearish outlook. Such a scenario would look to target more critical resistance at $1384/97. Bottom line: looking for a rally to sell TL resistance with a break below $1137 needed to keep the short-bias in focus. Written by John Kicklighter and Michael Boutros, Currency Strategists for DailyFX.com |
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bsiong
Supreme |
22-Dec-2014 08:06
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Will 2015 Be The Year It All Comes Tumbling Down?The Fed' s dual mandate as both arsonist and firefighter puts it in the untenable situation of relentlessly fighting blaz... Read More |
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bsiong
Supreme |
22-Dec-2014 08:00
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Cliff Droke - December 21, 2014
With 2014 winding down, now would be a convenient time to discuss the prospects for the financial market and economy in 2015. Year 2014 was in some respects a tumultuous year from the slowdown in Europe and China to the collapse in oil and agricultural commodity...
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bsiong
Supreme |
19-Dec-2014 01:19
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 12/18/201412/18/2014 10:21:36 AM By: Brandi Brundidge
GOLD JUMPS ON FED NEWS U.S. ECONOMIC ACTIVITY SLOWS Gold rose over 2 percent this morning with news from the U.S. Federal Reserve regarding their plan to wait to hike interest rates for at least a few policy meetings. The assumption has already been set that interest rates would not increase until around April 2015 or later. " The Fed left themselves lots of room going forward, depending on the (economic) figures," Afshin Nabavi, head of trading at MKS, said. Precious Metals reacted across the board with Platinum up 2.2 percent and Palladium up 1.8 percent. U.S. economic activity looks as though it has slowed according to an industry report released today, which showed the services sector hit 53.6 in December down from November' s final reading of 56.2. The minimal rate preferred is 50, which indicates growth in economic activity, although the U.S. reached a high point of 61 in June and has fallen ever since. " The extent of the slowdown suggests that economic growth in the fourth quarter could come in below 2 percent which, with the exception of the downturn caused by adverse weather in the first quarter, would be the worst performance for two years," Chris Williamson, chief economist at Markit, said. At 11:20 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
18-Dec-2014 08:03
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Will Putin' s Next Step Be To Sell Gold?So given the efforts to build this Gold-backing for their nation' s currency, do we really expect Putin to now dump his p... Read More |
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bsiong
Supreme |
18-Dec-2014 08:00
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Russia Crisis Leaves Banks Around The World Exposed By The BillionsMajor banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, accor... Read More |
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bsiong
Supreme |
18-Dec-2014 07:58
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 12/17/201412/17/2014 1:52:40 PM By: Paul Stevens
METALS STEADY AHEAD OF FED STATEMENT After yesterday' s decline, Precious Metal prices are steadying during morning trading. With the conclusion of the last Federal Open Market Committee meeting of the year, investors await an official statement for direction. As Russia dramatically increased interest rates and pushed the ruble down more than 11 percent, concerns of a faltering global economy are resurfacing. Natixis analyst Bernard Dahdah said, " The Gold market will be closely following what the Fed says. That will dictate the price for the next few days. We' ll be looking at whether they move into a more data-dependent decision-making process in terms of the speed at which they will take things." Stocks around the world are struggling Wednesday as investor portfolios continue feeling pressure from falling oil prices. This combined with disinflation in the west is causing a rippling effect and is concerning world markets. JP Morgan global market strategist Nikolaos Panigirtzoglou said, " The decline in oil prices is the biggest factor here. It is a problem for policymakers and a problem for the world because it creates disinflation. No market is immune ... and until markets find an equilibrium for oil prices we are going to have a lot of volatility." At 2:51 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
17-Dec-2014 08:47
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By GE Christenson - - December 16, 2014
The central bank and government " plan" seems to be: create more inflation, levitate the stock and bond markets, encourage military action, foment another and larger war, create much more debt, extend and pretend regarding global economies and doomed...
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bsiong
Supreme |
17-Dec-2014 08:45
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Crude Remains At Risk On US Inventories, Gold Braces For FOMC Decision By David de Ferranti, Currency Analyst CRUDE OIL TECHNICAL ANALYSIS Crude remains locked in a downtrend as signaled by the 20 SMA and ROC indicators. A Doji has emerged on the daily, yet an absence of more definitive reversal signals suggests a sustained recovery may be unlikely at this stage. At the same time a small corrective bounce should not be precluded given the extent of recent declines. Sellers may look to keep the commodity capped below the 60.74 mark. Meanwhile, the next downside target is offered by the April &rsquo 09 Low at 46.70. Crude Oil: Eyes April &rsquo 09 Low Amid Persistent Downtrend
Daily Chart - GOLD TECHNICAL ANALYSIS Gold is keeping traders in suspense near the 1,187 floor. An Inverted Hammer has emerged, yet awaits confirmation from a successive up-day to suggest a possible recovery. Additionally, signs of a short-term downtrend appear to be re-emerging (ROC dipping into negative territory, prices below 20 SMA). This suggests a break lower would potentially open a retest of the recent lows near 1,137. Gold: Reversal Signal Emerges Near 1,187 Floor
Daily Chart - SILVER TECHNICAL ANALYSIS A string of Doji formations on the daily chart signaled hesitation from the silver bulls to lead the precious metal above the 17.30 ceiling. The recent pullback has put trend indicators back into negative territory (including the ROC and 20 SMA). The breach of the psychologically-significant 16.00 handle has put the spotlight back on the 15.00 floor. Silver: Eyes 15.00 Handle As Trend Indicators Turn Lower
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