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Gold & Precious Metals

Trump’s Tax Plan and Gold

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Posted by Arkadiusz Sieron

on Monday, 01 May 2017 07:12

On Wednesday, the White House unveiled Trump’s tax reform plan. What does it mean for the gold market?

Finally, the new administration has presented the long-awaited tax plan. The key elements are as follows:

 

  • The corporate tax rate cut from 35 percent to 15 percent.
  • The number of personal income tax brackets reduced from seven to three, with a top rate of 35 percent and lower rates of 25 percent and 10 percent.
  • The standard deduction doubled.
  • Most of tax breaks eliminated.
  • The introduction of a “one-time tax” on the trillions of dollars held by corporations overseas.


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Gold & Precious Metals

Looking for Epic Signs? Enter Silver

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Posted by Arkadiusz Sieron

on Friday, 28 April 2017 11:13

In yesterday’s alert we wrote that the reversal in the precious metals market should once again not be taken at its face value and that one should not overreact based on it as the size of the potential rally was limited. Well, it turned out that “limited rally” was an euphemism for a decline. Gold, silver and mining stocks declined once again despite the previous day’s reversal and gold stocks confirmed the breakdown below the key support line. The implications are strongly bearish. However, there’s something ever more bearish and much more profound.

Let’s recall the situation in silver. A few weeks ago we wrote about silver’s move to the key resistance line and the huge importance of the invalidation of the breakdown below the line based on the weekly closing prices. Silver is now significantly below the resistance line, but the key question is if the decline is already over. Well, it seems that it’s far from being over and the analogy that we are going to discuss shows just how far it could be from being over.

History repeats itself – maybe not to the letter, but more or less – that’s the key principle of technical analysis. This principle is usually utilized by using chart patterns, but it goes beyond this – to self-similarity and fractal analysis. Long story short, if one manages to find a pattern that is a good reflection of a pattern from the past (either direct or on a proportional basis) then they could profit on the pattern’s continuation.

Based on the above paragraph and the title of this article, you may already suspect that there is a very important self-similar pattern in silver. Let’s take a closer look (charts courtesy of http://stockcharts.com).

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Larger Chart



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Gold & Precious Metals

Has Gold Lost Its Mojo?

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Posted by Stewart Thomson - Graceland Updates

on Wednesday, 26 April 2017 11:24

April 25, 2017

1. Gold price enthusiasts are wondering why the recent rally has suddenly lost its "mojo". Some analysts worry about the GDXJ ETF portfolio rebalancing, and others are focused on the global stock markets rally.

2. Please click here. Double-click to enlarge.

3. That's a seasonal chart for gold, courtesy of Dimitri Speck. While the headlines are full of news on North Korea and US GDP numbers, the main price drivers for gold rallies are much more mundane and cyclical.

4. Indian and Chinese dealer buying for various love trade festivals is responsible for the three biggest annual gold price rallies, and dealer stocking for one of them (Akha Teej) is now essentially completed.

5. So, gold takes a breather. It's that simple.

6. Please click here now. I suggested that gold would be a buy for gamblers at $1265 - $1270 and the price has just arrived there.

7. Conservative investors should wait to see if gold trades down to $1240 before buying, but gamblers can take immediate action. Regardless, gold is generally well-supported here, and there is no reason for any investor to be concerned about the big picture health of the market.

8. Please click here. Double-click to enlarge. The French election voting showed "centrist" Macron doing well, and the euro has surged higher.

9. There is also a huge ascending triangle pattern in play on that euro chart. The target of that pattern is about 113. A rally in the euro towards that level could help gold challenge the $1300 area again, and in the short term it's cushioning the gold price decline.

10. Please click here now. Double-click to enlarge this dollar versus yen chart.



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Gold & Precious Metals

Frank Holmes Exclusive: Gold Could Hit $1,500 in 2017 Amid Imbalances And Weak Supply

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Posted by Frank Holmes via MoneyMetals.com

on Wednesday, 26 April 2017 06:55

youtube-thumbnail-frankholmesListen to the Podcast Audio: Click Here

Mike Gleason: We are fortunate today to be joined again by Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors in recent months including being named America's Best Fund Manager for 2016 by The Mining Journal and received two more Lipper awards just last month in both the three year and five year precious metals equity funds categories.

He's also the co-author of the book The Goldwatcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals podcast. Frank, welcome back and thanks for joining us again. How are you today?

Frank Holmes: I'm well, thank you.

Mike Gleason: You mentioned back in January when we had you on right before Donald Trump's inauguration that the first 100 days of his presidency would be a key on several fronts. Give us your thoughts on what these first 100 days have looked like. What have you gleaned from the last few months as you've been evaluating his policy decisions and the market's reaction to those?



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Gold & Precious Metals

Silver’s… Comeback and Other Important Signals

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Posted by Przemyslaw Radomski

on Tuesday, 25 April 2017 07:02

The most prominent action in the precious metals market that we saw last week, took place in silver – the white metal closed the week below the important long-term support/resistance line, thus invalidating the previous breakout. However, there’s more to the precious metals market than just the action in silver. In today’s free gold analysis, we discuss both the developments in silver and other factors.

Let’s start with silver itself (charts courtesy of http://stockcharts.com).

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