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Gold & Precious Metals

Jim Rogers: Gold Prices Will Be 'Explosive,' Just Wait and See

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Posted by JIm Rogers via Kitco

on Monday, 31 July 2017 07:32

Jim Rogers Has a Forecast And It's Ugly:

Is it time for the market to crash? Legendary investor Jim Rogers joins Kitco News for an interview to discuss his predictions for the biggest financial crisis we’ll see in our lifetimes, and how he’ll be protecting himself. “Gold is going to be explosive in the next few years,” Rogers said, as he gave his insight on gold, the U.S. dollar, and the crypto-craze. Click on the image or HERE for the 6 minute interview.

Screen Shot 2017-07-31 at 7.01.27 AM

 

 



Gold & Precious Metals

Key Gold Market Candlesticks

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 28 July 2017 11:52

Here are today's videos and charts (double click to enlarge):
  

SFS Key Tactics & Video Update

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Gold & Precious Metals

Investment Potential of Platinum and Palladium

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Posted by Arkadiusz Sieron

on Friday, 28 July 2017 06:22

In the previous sections of this edition of the Market Overview, we presented the demand and supply outlook for platinum and palladium. In that part, we would like to analyze the potential benefits of adding these precious metals into investment portfolio.

On the surface, platinum and palladium behave similarly to the yellow metal. Indeed, as the chart below shows, there is an important positive correlation between prices of these metals and gold. It should not be surprising as all four main precious metals – gold, silver, platinum, and palladium – are considered as currency, with an appropriate ISO 4217 code.

Chart 1: The price of gold (yellow line, Comex future price, weekly average), the price of silver (red line, right axis, Comex future price, weekly average), the price of platinum (blue line, Nymex future price, weekly average), and the price of palladium (green line, Nymex future price, weekly average).

1-gold-silver-platinum-palladium-prices



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Gold & Precious Metals

Legend Connected In China At The Highest Levels Says Price Of Gold Will Skyrocket 75% Within 18 Months!

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Posted by King World News

on Thursday, 27 July 2017 08:59

King-World-News-Chinas-Shanghai-Exchange-Sends-Price-Of-Silver-Soaring-Gold-Surging-864x400 cEight years after the global financial crash and despite fears of tightening, stock markets are near historic records.

So much liquidity was pumped into the market that investors faced with too much money and not enough opportunities, frantically chased any investment that might produce a return.

Markets are addicted to cheap money. However, the Trump bump has turned into the Trump slump as hopes fade for Trump economic stimulus in the wake of his healthcare reform failure. Investors face a darkening picture, particularly when the world’s largest borrower faces another debt-ceiling fight this fall…

....continue reading HERE



Gold & Precious Metals

SWOT Analysis: Silver In the Spotlight

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Posted by Frank Holmes - US Global Investors

on Tuesday, 25 July 2017 07:18

Strengths

 

  • The best performing precious metal for the week was silver, up 3.34 percent as investors loaded up on ETFs that purchase the physical metal, perhaps speculating that silver would outperform gold if the latter rallied.  Gold traders and analysts remained bullish this week, for the fifth week, as the European Central Bank keeps its stimulus going, reports Bloomberg. In addition, as the dollar slumps amid an investigation into President Trump, gold heads for the first back-to-back weekly advance since early June, another Bloomberg article reads.
  • Gold bulls are keeping their faith in the metal, reports Bloomberg, as the equity rally pares the yellow metal’s gains. Gold bulls have pointed to slow inflation and Fed concerns that asset prices look “somewhat rich.” Similarly, a Bank of America Merrill Lynch survey shows fund managers are growing hesitant to buy U.S. equities. Jason Mayer of Sprott Asset Management says that the non-stop bull market has led to a lot of complacency where managers aren’t hedging. “Once that tide turns, that could prove to be bullish for gold and precious metals,” Mayer said.
  • After President Trump’s economic revitalization agenda once again faltered, the U.S. dollar fell to an 11-month low this week, reports Bloomberg. Opposition to Trump’s health-care reform bill, along with European shares dropping amid earnings disappointments, sent gold to its highest level this month.

 

Weaknesses

 

  • The only negatively performing precious metal for the week was palladium, off 1.62 percent.  Hedge funds and money managers seem to be losing their faith in gold, along with other precious metals, reports Bloomberg. Before posting its first weekly gain in six weeks, the net-long position in gold fell to the lowest in 17 months for the week ended July 11. Money managers are hitting the exit as they brace for monetary tightening in the U.S. and Western Europe, the article continues, and aren’t waiting around for signs that the Fed may change its rate trajectory.
  • U.K. Royal Mint sales dropped in the second quarter by 62 percent compared with the previous three months, reports Bloomberg. Sales are down 41 percent from a year earlier. And according to data on the Swiss Federal Customs Administration’s website, Swiss gold exports declined 169.5 tons in May. Month-over-month exports to India also fell, but exports to China and Hong Kong both rose.
  • Jaguar Mining previously had seen its 2017 gold production output at 100,000 ounces, but the company cut its forecast to 95,000-105,000 ounces, reports Bloomberg. Positive news, however, came after its decision to leave Turmalina at Level 9 and commence development and mining of Level 10 in Orebody A. Turmalina saw significantly stronger production in June versus April following this decision, the article continues.

 

Opportunities

 

  • Scotia Mining Sales notes that as silver has gotten cheap again, particularly when looking at the widening gold-silver ratio, investors have been piling into silver ETFs (while dropping out of gold ETFs). Interestingly enough, there seems to be a bearish outlook in the futures market, where hedge funds are now holding the first net short silver position seen in two years, the group writes. The risk of higher U.S. interest rates should drive silver prices lower, is the reasoning behind this. However, if the Fed “blinks” and silver prices rebound, they will rebound quickly and violently, Scotia continues.

 

silveretfsonrise2017



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