Gold & Precious Metals

India GST News Powers Gold Higher

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 06 June 2017 07:12


Jun 6, 2017

  1. Gold is the world’s ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it’s starting to look like the month of June could be a serious “barnburner”.
  2. Please  click here now. Double-click to enlarge this daily bars gold chart.
  3. Gold tends to stage a decent rally in the days following the release of the US jobs report. 
  4. That’s in play now, as I suggested it would be, but the rally is also on “Indian demand steroids”. Please  click here now. It’s unknown how big black market demand is, but the official demand alone came in at over 100 tons for May!
  5. This weekend’s government announcement of a 3% GST rate on gold sales has sent Indian jewellery stocks skyrocketing. The new GST effectively cuts the total tax rate in the state of Kerala, which I have dubbed “world gold demand headquarters”. 
  6. In my professional opinion, the bear cycle in Indian demand is over. Once the Diwali festival buying season arrives, I’m predicting that imports could reach a new single month record high of 200 tons.


Gold & Precious Metals

The Sun Rises on the Precious Metals Sector

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Posted by Clive Maund

on Monday, 05 June 2017 07:03

We “went walkabout” over the past several years, largely deserting the Precious Metals sector for other greener pastures, because it has been performing so poorly, apart from a dramatic flurry during the 1st half of last year. However, the latest charts suggest that a major bullmarket is incubating in the sector and that it won’t be much longer before it starts. This being so it is time for us to return to take positions ahead of its commencement. 

We will now proceed to look at the latest long-term charts for gold, silver, Precious Metals stocks and also the dollar to identify the signs of the impending major bullmarket in gold and silver. On the 8-year chart for gold it is now becoming apparent that a large Head-and-Shoulders bottom is completing, that started to form way back in 2013, so this is a big base pattern that should lead to a major bullmarket, and given what is set to go down in the debt and derivatives markets it should easily exceed earlier highs. With the benefit of this long-term chart we can also put the sizeable runup during the 1st half of last year into context – it was the advance to complete the “Head” of the Head-and-Shoulders bottom. This being so we can also readily understand why it then gave back about half of these gains – it dropped back to mark out the Right Shoulder of the pattern, and the good news is that with this late stage of the pattern now approaching completion, we can look forward to more serious gains soon. The new bullmarket will be inaugurated by the price rising above the 1st zone of resistance shown, although it will then have to contend with another major zone of resistance in the $1550 area. However, if the credit markets are coming apart at this time, this shouldn’t prove to be much of an obstacle. 


The 8-year chart for silver is quite similar to that for gold, as one would expect, except that it is skewed downwards because silver tends to underperform gold during the late stages of sector bearmarkets and the early stages of bullmarkets, but it certainly looks like a good entry point for silver and silver related investments here, with it still only $4 off its lows. 


Gold & Precious Metals

Gold Stocks: Key Tactics For Profit Seekers

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 02 June 2017 06:37

Today's videos and charts (double click to enlarge):


SF Signals Key Tactics & Video Analysis

SF Juniors Key Tactics & Video Analysis

SF60 Key Tactics & Video Analysis

SF Trader Time Key Tactics & Video Analysis




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Frank Johnson: Executive Editor, Macro Risk Manager.
Morris Hubbartt: Chief Market Analyst, Trading Risk Specialist.

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Gold & Precious Metals

Preparing for THE Bottom: Part 1 - Gold

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Posted by Przemyslaw Radomski

on Thursday, 01 June 2017 07:22

If we look at gold from the long-term perspective, it’s clear that it hasn’t really done much in the recent months – it’s trading in the $1,200 - $1,250 range, which is where it was in the first half of 2016, first half of 2015, for most of 2014 and in the second half of 2013. Overall, despite short-term and medium-term price swings, not much has happened in the past few years.

Since the bull market in gold started over 15 years ago, we haven’t seen such a long consolidation pattern – ever. Even the big 2008 plunge was followed by a rally almost immediately (from the long-term point of view, that is). The gold volatility index confirms the above having recently moved to new all-time lows (it’s been published for only several years, but still, that’s an important observation). Please take a look below for details (chart courtesy of http://stockcharts.com).


Click Chart for Larger Image


Gold & Precious Metals

Gold Investing: Jobs Report Tactics

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 30 May 2017 06:28

May 30, 2017

  1. Gold tends to become a rather dull market as the summer approaches. Will this year be different?
  2. The summer doldrums are caused by seasonal softness in Eastern jewellery demand, but the next major Fed rate hike announcement and commentary is just two weeks away. 
  3. This Fed meeting appears to be a win-win setup for gold. The bottom line is this: 
  4. A decision not to raise rates based on the terrible action of the Fed’s PCE (inflation indicator) could blast gold right through the $1300 resistance area.
  5. On the other hand, the first three rate hikes have all been followed by substantial gold price rallies. 
  6. The US debt ceiling (I call it a floor) mess is simmering and a rate hike could upset the US stock market apple cart. 
  7. That could create a huge surge out of US risk markets and into the perceived safe havens of the yen and bonds, and into the real safe havens of gold and silver bullion.
  8. India’s GST rate announcement is another imminent factor. That announcement could create very violent price action and do it very quickly.
  9. Please  click here now. Double-click to enlarge. Dollar bugs may be on the verge of getting squashed if the implications of this H&S top formation play out in textbook fashion.

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