Login

Gold & Precious Metals

Gold Market Update

Share on Facebook Tweet on Twitter

Posted by Clive Maund

on Monday, 11 September 2017 06:20

Gold continues to build towards its breakout from a massive 4-year long base pattern. This is likely to occur when the dollar breaks down from its topping pattern, and is expected to lead to a bullmarket that will dwarf the last one from 2001 through 2011, and may be given a tailwind when the cryptocurrency Ponzi scheme implodes. In some quarters gold is being described as having broken out already, as are gold stocks, but they haven’t yet, as we will see, and we will also look at evidence that points to the probability of a short to medium-term dollar bounce and a pullback in the Precious Metals sector before the big breakout occurs. 

On gold’s 10-year chart we can see its fine giant 4-year long Head-and-Shoulders bottom approaching completion, with the price rising up in recent weeks to the broad band of quite strong resistance at the top of the pattern, partly due to tensions over N Korea. These are expected to ease, which will make a short-term correction back more likely. Before leaving this chart note the volume build on the rally out of the Right Shoulder low of the pattern, and the strength of the volume indicators shown, especially the Accum-Distrib line, which rather amazingly is already at new highs. This certainly bodes well for the longer-term outlook. 

gold10year090917

Over the near-term, however, various factors indicate that the probability of a reaction back is high. On the 6-month chart we can see that last week the price rose up to the top of its uptrend channel where a prominent “spinning top” candlestick formed on Friday, with the RSI indicator critically overbought, making it likely that gold will react back at least to the lower boundary of this channel. The overbought MACD and sizeable gap with the moving averages also increase the risk of a reaction. 



Read more...

Banner

Gold & Precious Metals

Gold's Power Uptrend: Key Tactics

Share on Facebook Tweet on Twitter

Posted by Morris Hubbartt - Super Force Signals

on Friday, 08 September 2017 07:28

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

SFS Key Charts & Video Update

k11



Read more...

Banner

Gold & Precious Metals

Gold: Book Profits Now

Share on Facebook Tweet on Twitter

Posted by Stewart Thomson - Graceland Updates

on Wednesday, 06 September 2017 06:24

1.    Gold has staged a fabulous rally from about $1220 to $1245.  Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.

2.    Please Double-click to enlarge this gold chart below:2017sep4gold1

3.    I’m an eager gold bullion seller now, but I’m less eager to sell gold stocks or silver bullion.  That’s because they have not taken out their February highs while “Queen Gold” has done so easily.

4.    Gold has clearly been the leader.  It’s been a great upside ride, and now it’s time for investors to book solid profits with a big smile.  

5.    I’ve been adamant that gold is on the cusp of a two hundred year “bull era”.  It’s themed around the love trade in China and India.  For that reason, core positions should not be sold, but short term positions bought in the $1200 - $1250 area should definitely be sold aggressively now.

6.    Investors who are nervous that they will miss out on more upside action should buy call options while selling some bullion.  Call options are like lottery tickets; if gold surges above $1350 and runs to $1400, the call options will rise in value quite significantly.  



Read more...

Banner

Gold & Precious Metals

WHY KOREAN TENSIONS SHOULD SOON EASE - effect on Dollar and Precious Metals...

Share on Facebook Tweet on Twitter

Posted by Clive Maund

on Wednesday, 06 September 2017 06:18

The tensions centered on the Korean peninsula should soon ease, leading to a rally in the dollar and a (mild) reaction in Precious Metals and other commodities like copper, for reasons that we will consider in this essay. 

There can be no denying that what we have previously referred to as “The Empire” is intent on world domination. The evidence is there for all to see in the form of a vast network of military bases spread across the globe, and a history of invasion of various countries by the Empire in recent years in pursuit of its geopolitical objectives. The economic engine that drives the Empire and supports its imperialistic ambitions is the dollar, whose Reserve Currency status means that infinite quantities of it (or proxy derivatives like Treasuries) can be printed up and swapped for goods and services with any and all countries around the world, and it is this dynamic that supports the formidable US military machine. The last Empire that tried to take over the world was Nazi Germany, which recruited Japan to take over the Far East, so that together they became a global axis. As we know this led to an enormous titanic struggle for over 5 years to contain it and defeat it, resulting in immense destruction and loss of life. The reason that Hitler failed was good old fashioned imperial overreach – he didn’t know when to “call it a day” and consolidate his gains, instead he tried to do what has been the undoing of most Empires in the past, take over the entire planet. Actually he got very close to creating a sustainable 3rd Reich, but made several key mistakes. The first was not overrunning Britain while he had the chance, instead he made the fatal mistake of leaving it and starting a war on a second front with Russia, which meant that, in addition to his logistical support being spread too thin, the US was later able to use Britain as an aircraft carrier to bomb Germany back into the Stone Age, which needless to say resulted in its defeat. The second mistake was permitting eastern henchman Japan to bomb Pearl Harbor, and thus bring the US into the war against both Nazi Germany and Japan. Perhaps due to parochial ignorance, Germany and Japan made the catastrophic miscalculation that they could somehow overcome the United States, which at the time was an emerging economic powerhouse. The bombing of Pearl Harbor awoke the sleeping giant and meant the beginning of the end for the Germany – Japan Empire. 



Read more...

Banner

Gold & Precious Metals

Gold Breakout & Upside Targets

Share on Facebook Tweet on Twitter

Posted by Jordan Roy-Byrne - The Daily Gold

on Tuesday, 05 September 2017 06:12

Gold cleared $1300 early in the week and padded its gains on Friday even amid a bullish weekly reversal in the US Dollar. Gold’s breakout was validated by a strong monthly close on Thursday and then a strong weekly close Friday. As predicted, the miners perked up with the breakout in Gold. GDX and GDXJ gained nearly 6% and 7% respectively for the week. Look for the miners to continue to trend higher as Gold attempts to retest its 2016 highs around $1375/oz.

The miners (GDX and GDXJ) have more immediate upside potential. The daily line charts show two levels of resistance. The first level is around $26 for GDX and $38 for GDXJ while the second level is $28 for GDX and $40-$41 for GDXJ. 

Sep12017minersd-768x672

While Gold closed well above $1300 at $1330/oz, it faces resistance at the 2016 highs around $1375/oz. The net speculative position has reached 248K contracts or 46% of open interest. As the chart below shows, the 2016, 2012 and 2011 peaks in Gold all coincided with a net speculative position of 55% of open interest. If current trends continue, the net speculative position could reach 55% as Gold tests $1375/oz.



Read more...

Banner

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 6 of 364

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine