The <b>Gold Price</b> Climbed $1.10 to Close at $1313.90 |
- The <b>Gold Price</b> Climbed $1.10 to Close at $1313.90
- 2 Attractive Alternatives To Play A Higher <b>Gold Price</b> - Seeking Alpha
- CHART: Interest rates vs <b>gold price</b> shows plenty upside | MINING.com
- <b>Gold Price</b>, Global Politics & Ukraine: Expert Roundtable | Gold News
| The <b>Gold Price</b> Climbed $1.10 to Close at $1313.90 Posted: 14 Aug 2014 04:23 PM PDT
At least, finally, silver and gold prices are talking the same direction. Here's how their disagreement shapes up: The GOLD PRICE has been in a rising trend for the last 8 days, and stands above its 200, 50, and 20 DMAs, in other words, perfect alignment for a rally. Gold's RSI stands above 50 and is rising, its MACD is rising, rate of change is positive and upward, and full stochastic is not yet overbought. I suppose gold might also have a check in its pocket signed by the US Treasurer for a million bucks, but that's about all it lacks. Whoops, I neglected to note that it has traded through and above the downtrend line from the October 2012 high. All that argues the next move is to the second floor, but not silver. In the last eight days the SILVER PRICE has made -- at the beginning and last two days -- a sort of tiny double bottom at 1970c. It languishes below its 200 DMA, and 50 DMA and 20 DMA, which has turned down. MACD is negative. Rate of change has turned up but is still negative. RSI crouches below 50 at 39.54. Silver has, it is true, been trading since June above the downtrend from the August 2013 high. To break this impasse downward, gold would have to close below $1,280 and silver below 1970c. To the upside, gold needs a close over $1,325 and silver over 2050c. Till that happens we are just marking time. I expect both will resolve upward, and ought to shortly. Dow gained 61.78 (0.37%) to 16,713.58, reaching toward the point of 50% correction of the plunge (16,743) and reaching toward its 20 day moving average (16,754). S&P500 rose 8.46 (0.43%) to 1,955.18. S&P500 already passed the 50% correction at 1,948. but hits the 61.8% correction at 1,958.32. Tomorrow will speak loudly. Dow in silver jigged down today, 0.11%. Dow in gold jigged up 0.22%. Still waiting on a message from Dow in silver that it's turning down. Dow in Gold remains below 200 day moving average, and in full skydiving mode. Currencies jiggled, but did nothing. US dollar index lost 4 basis points to close at 81.64. Euro rose 0.01% (get out your electron microscope) to $1.3366 and the yen fell 0.03% to 97.61. I searched the news today for something silly or stupid to lampood but it was all nasty, brutal, or just plain stupid. I'll pass. - Franklin Sanders, The Moneychanger © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 Attractive Alternatives To Play A Higher <b>Gold Price</b> - Seeking Alpha Posted: 15 Aug 2014 09:11 AM PDT You don't have permission to access "http://seekingalpha.com/article/2427045-2-attractive-alternatives-to-play-a-higher-gold-price?" on this server. Reference #18.2f0af748.1408128295.4a66e27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CHART: Interest rates vs <b>gold price</b> shows plenty upside | MINING.com Posted: 13 Aug 2014 04:07 AM PDT Gold was trading sideways on Wednesday around the $1,310 level, holding onto gains of nearly 9% this year. This year the price of gold has found some support from safe haven buying thanks to the political crises in Eastern Europe and the Middle-East, but the number one negative factor working against the metal has been expectations of higher market interest rates and rising bond yields in the US. As the chart shows the relationship between real long-term interest rates in the US (as proxied by 10-year US inflation-linked bonds) and the gold price is strongly negative. Rising real interest rates raises the opportunity costs of holding gold because the metal provides no yield, and entices investors to rotate into riskier assets like stocks as evidenced by outflows from physical gold-backed ETFs which have continued this year. Higher rates also boost the value of the dollar which usually move in the opposite direction of the gold price. But despite consensus forecast by economists of higher rates the expected upward march of bond yields seems to have thoroughly reversed, even as the world's largest economy continues to recover and the Federal Reserve throttles back monetary stimulus. On Wednesday benchmark treasuries were testing support at 2.46% from above 3% last year, while adjusted for inflation yield in the US sunk to a meagre 0.22% versus 0.75% at the start of the year. According to this chart, 0.22% yield on Treasury Inflation Protected Securities or TIPS (which is actually up from a 14-month low hit last week) seems more consistent with a gold price of around $1,400 an ounce versus today's levels.  Source: Saxo Bank | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| <b>Gold Price</b>, Global Politics & Ukraine: Expert Roundtable | Gold News Posted: 06 Mar 2014 03:29 AM PST Andrew Hecht and Dennis Gartman join expert panel debating Russia/Ukraine crisis and gold prices... GOLD PRICES rise on war and geopolitical threats. Or so runs a common idea now Russia is threatening Ukraine, writes Miguel Perez-Santalla, vice president of BullionVault, the world's largest physical metals exchange for private investors online. Current events in the Crimea make this gold price assumption an urgent topic for savers and investors. Which is why I just hosted this roundtable of market experts to discuss global politics and how it impacts commodities markets. Speaking to four leading experts on gold prices, commodities markets, economics and politicals, I gathered their latest insights on the Ukraine-Russia events, precious metals outlook, and investment perspectives. Listen To Business Internet Radio Stations with New York Markets Live on BlogTalkRadio Bill O'Neill of Logic Advisors has visited Ukraine twice in the past 18 months. Bill believes the situation will quiet down in the short-term. "But don't be surprised to wake up one morning to hear that there is shooting going on..." Commodities trader and author Andy Hecht agrees. "It's not the end, it's the beginning," he told my gold price panel, pointing out that crude oil has backed off in the past couple of days, although palladium is still up strongly. Because "Russia produces 80% of the world's palladium." Author of daily trading advisory Dennis Gartman said events in Ukraine sparked an instantaneous flow of money into gold. Grain and crude oil also saw price spikes, on the belief that supplies would be cut off from the Ukraine – the world's third-largest exporter of corn and fifth-largest exporter of wheat.
Gold politics and investment expert George Milling-Stanley meantime noted that either "gold has had a really bad time, because it's dropped more than 30% from an all-time high. Or you can say that gold is actually performing quite well because it's building a base that's 5-times the level of where it was just a decade ago." Listen to the full hour-long show here at Bullion Vault's New York Markets Live special on Ukraine and commodities. |
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