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Precious Metals Bull Candlesticks

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 11 August 2017 07:15

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

SFS Key Charts & Video Update



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Gold & Precious Metals

Running Out of Gold: Buyout Phase Imminent

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Posted by Tom Beck for Streetwise Reports

on Wednesday, 09 August 2017 06:25

Peak gold production may be at hand, says Tom Beck, founder of Portfolio Wealth Global, and explains why he believes the market has entered the buyout phase.

What I will show you today could change the entire precious metals landscape.

Large-cap gold companies are in crisis mode—that's the truth. Most of them have operational costs, which are near or at $1,250, so they're employing thousands of workers daily, dwindling their only asset, gold, and at the end of the day, they have little to show for it.

Beck8-8-17-1 
Courtesy: Katusa Research



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Gold & Precious Metals

Gold, Blockchain, & Crash Season

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Posted by Stewart Thomson - Graceland Updatesart Thomson - Graceland Updates

on Tuesday, 08 August 2017 06:51

Aug 8, 2017

  1. Gold is consolidating the recent rally. That rally (basis December futures) moved the price from the $1210 area up to about $1280. 
  2. Please  click here now. Double click to enlarge this short term gold chart.
  3. There’s a small head & shoulders top pattern in play, and commercial traders have been selling gold and shorting in that top area.
  4. Please  click here now. When commercial traders add short positions into a gold price rally, a pause in the upside action often follows.
  5. Please  click here now. Double click to enlarge this daily gold chart. 
  6. Note the 14,7,7 Stochastics series crossover sell signal on the chart. A few weeks of consolidation would bring down this overbought oscillator. 
  7. That would put gold in a nice technical position just as Diwali buying gets underway. Indians are always eager buyers into gold price weakness, and so are Western commercial traders. If a gold “price sale” happens at the same time as an event like Diwali, commercial traders tend to be very aggressive buyers.
  8. With the consolidation now apparently underway, gold bugs can nibble at the price in the $1245 - $1260 area. My suggestion is not to predict that the price goes there, but to be prepared to do some light buying if it happens. My own focus for fresh buys in the consolidation zone is GDX, the gold stocks ETF.
  9. On that note, please  click here now. Double-click to enlarge. I’m quite an aggressive GDX buyer in the $22 - $18 area, and a seller (of some) in the $23 area.
  10. Please  click here now. This is another important COT report. It’s for the Japanese yen versus the US dollar.
  11. As expected, the commercial traders are shorting the yen into the rally. What is much more interesting is the overall size of the long position they hold. It’s truly enormous.
  12. This is important because the yen is a key “risk-off” currency like gold. The US debt ceiling is becoming a concern. If congress refuses to raise the ceiling, it could create a financial earthquake in the US government bond market. 
  13. In turn, that would create an epic risk-off event, sending both the yen and gold higher. If that happened, the commercial traders would likely sell a big portion of their huge long yen position at a fat profit. 
  14. Also, Japan may be poised to finally raise interest rates in 2018. That’s another event that could send both gold and the yen soaring against the dollar.
  15. In addition, I think most analysts are seriously underestimating the commitment of Donald Trump to lowering the value of the dollar. He’s doing it to make American debt more manageable. 
  16. The bottom line is that there’s a global currency war going on, Trump is winning it, and the dollar faces tremendous headwinds from all directions.
  17. Some investors have asked me if a fall in the bond market would trigger a stock market “melt-up”. The answer is that just as gold sometimes rallies and sometimes declines when rates are hiked, the US stock market can rally or decline when rates rise.
  18. The current pace of rate hikes has done no harm to the stock market. If it continues, the stock market can theoretically keep rallying. If something goes wrong (perhaps quantitative tightening), and the bond market crashed, the stock market would almost certainly crash too, even though it’s not a bubble market.
  19. Please  click here now. Double-click to enlarge this fabulous bitcoin chart. I’m adamant that investors should be well-diversified in their quest to build wealth and retain it.
  20. I view blockchain currency as the hottest sub-sector of the precious metals asset class. At  www.gublockchain.com I cover the intense price action for bitcoin and many other blockchain currencies.
  21. In the case of bitcoin, it just blasted out of a beautiful inverse head and shoulders bottom pattern. It appears to be making a beeline to my $4000 price target for that pattern. Eager wealth builders can be modest sellers in the $3800 - $4200 area.
  22. Please  click here now. Double-click to enlarge. On August 1, 2017 bitoin investors received free “bitcoin cash” currency, the result of a “hard fork” in bitcoin. 
  23. I view the bitcoin cash spinoff as a gargantuan dividend, and it just surged about 100% higher… in less than 48 hours.
  24. While blockchain is the current star of the upside action show, gold bullion, silver bullion, and the yen may be poised to join the fun in the key September and October months that I refer to as “US stock market crash season”!

Thanks! 

Cheers
st

Aug 8, 2017
Stewart Thomson  
Graceland Updates
website: www.gracelandupdates.com



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Gold & Precious Metals

"Inflate or Die," Peak Silver & Golds Coming Breakout

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Posted by Gary Christenson - The Deviant Investor

on Monday, 07 August 2017 06:55

Inflate or die” was Richard Russell’s characterization of our economic system and the central bank response to most problems during the past three decades.

INFLATE THE CURRENCY SUPPLY!  Examine the currency supply as measured by M3 and reported by the St. Louis Fed.

ge080517-1

Fiat currencies are created as debt.  Inflating currency supply means increasing total debt.  Global debt exceeds $200 trillion.  Per the St. Louis Federal Reserve, total debt securities in the U.S. exceed $40 trillion.



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Gold & Precious Metals

Silver Investment: Outperformed Gold In This Major Sector

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Posted by Steve St. Angelo - SRSrocco Report

on Thursday, 03 August 2017 08:00

Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector.  Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower.

When we start to witness a huge correction or crash in the broader stock markets, there only be a few physical assets worth owning to protect wealth.  Investors moving into the precious metals at this time, will see their asset values increase significantly.  However, silver will likely out perform gold as investors and speculators move into the more undervalued precious metal.

Actually, we have already witnessed this as physical silver investment versus jewelry demand has outperformed gold in the same market.  Let me explain.  While industrial demand is the largest consumer of silver in the market, silver jewelry demand has ranked second for quite some time.  But, this all changed after the 2008 U.S. Banking Industry and Housing Market collapse.

For example, global silver jewelry demand in 2007 was 182 million oz (Moz) versus 62 Moz in silver bar and coin demand.  Thus, physical silver bar and coin demand was only 34% of world silver jewelry demand:

Silver-Coin-Bar-vs-Jewelry-Demand-2007-2016

However, during the U.S. market meltdown in 2008, physical silver bar and coin investment surged more than three times to 197 Moz, while silver jewelry demand stayed flat at 178 Moz.  In just one year (2007 to 2008), physical silver investment accounted for 110% of global silver jewelry demand.

While silver investment demand fluctuated over the next seven years, it hit a record high of 291 Moz in 2015 as investors took advantage of low prices not seen since 2009.  As physical silver bar and coin demand reached a new record in 2015, accounting for 128% of global jewelry demand that year.



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