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Gold & Precious Metals

Gold Bulls Have Slight Technical Edge

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 13 October 2017 06:26

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

SFS Key Charts & Video Update

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Gold & Precious Metals

Germans Have Quietly Become the World’s Biggest Buyers of Gold

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Posted by Frank Holmes - US Global Investors

on Thursday, 12 October 2017 06:51

germans-biggest-buyers-gold-10-2017When I talk about Indians’ well-known affinity for gold, I tend to focus on Diwali and the wedding season late in the year. Giving gifts of beautiful gold jewelry during these festivals is considered auspicious in India, and historically we’ve been able to count on prices being supported by increased demand.

Another holiday that triggers gold’s Love Trade is Dussehra, which fell on September 30 this year. Thanks to Dussehra, India’s gold imports rose an incredible 31 percent in September compared to the same month last year, according to GFMS data. The country brought in 48 metric tons, equivalent to $2 billion at today’s prices.

As I’ve shared with you many times before, Indians have long valued gold not only for its beauty and durability but also as financial security. Indian households have the largest private gold holdings in the world, standing at an estimated 24,000 metric tons. That figure surpasses the combined official gold reserves of the United States, Germany, Italy, France, China and Russia.

A New Global Leader in Gold Investing?



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Gold & Precious Metals

Silver Market Update

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Posted by Clive Maund

on Wednesday, 11 October 2017 06:28

The last Silver Market update almost a month ago called the intermediate top within a day, as you may recall, and it has back to the extent predicted in that update.There was more evidence of a turn in silver than gold on Friday, when a more obvious reversal candle appeared on its chart. On the 6-month chart we can see that a long-tailed candle occurred that approximates to a bull hammer where the price closed not far off the day’s highs on the biggest volume for over a month. After its recent reaction this certainly looks like a reversal, especially as the downtrend channel has been converging. The earlier overbought condition has more than fully unwound and the price has dropped back into a zone of support.

silver6month081017

....read more HERE

 

 



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Gold & Precious Metals

Gold's Technical Line Of Concern

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 10 October 2017 06:27

Oct 10, 2017

2017oct10gold1

  1. The traditional post jobs report rally for gold is in full swing. Please  click chart above to enlarge or here now. Double-click to enlarge this daily gold chart. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.
  2. Please  click here now. Double-click to enlarge. The dollar has stalled against the yen, and that’s also good news for gold.
  3. Gold tends to stage great rallies in the days following the jobs report, and this rally is a particularly interesting one. Here’s why:
  4. First, Trump has ratcheted up his “hawk talk” in regards to North Korea and Iran. He’s scheduled to make a key speech on Thursday about Iran, a country which is now exporting two million barrels of oil a day.
  5. Second, the Chinese government recently chopped commercial bank reserve requirements. That triggered a massive rally in bank stocks around the world, and in most stock market indexes.
  6. Chinese citizens tend to buy more gold when stock markets are rallying and economic sentiment is positive. 
  7. Friday also marked the last day of COMEX gold trading during the Golden Week holiday in China. Chinese gold markets are now open again, and eager buyers are clearly in action. 
  8. Perhaps most importantly of all, on Friday the Indian government cancelled the “Know Your Client” rule for gold jewellery buyers and that happens just in time for the launch of Diwali.
  9. Please  click here now. This is pretty big news for gold price enthusiasts around the world.


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Gold & Precious Metals

Jobs Report: A Turning Point For Gold?

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 06 October 2017 05:46

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

SFS Key Charts & Video Update

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