Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $5.70 to Close at <b>...</b> |
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $5.70 to Close at <b>...</b>
- <b>GOLD Price</b> Corrective Rally Within Downtrend :: The Market Oracle <b>...</b>
- Today's <b>Gold Prices</b> And Gold Investing News - Money Morning
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed at $1,238.30 Down <b>...</b>
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $5.70 to Close at <b>...</b> Posted: 14 Jan 2014 05:12 PM PST Gold Price Close Today : 1245.20 Change : -5.70 or -0.46% Silver Price Close Today : 20.251 Gold Silver Ratio Today : 61.488 Silver Gold Ratio Today : 0.01626 Platinum Price Close Today : 1431.90 Palladium Price Close Today : 738.00 S&P 500 : 1,838.88 Dow In GOLD$ : $238.62 Dow in GOLD oz : 11.543 Dow in SILVER oz : 709.79 Dow Industrial : 14,373.86 US Dollar Index : 80.720 Silver and GOLD PRICES shaved a little off today, silver backing 11 cents to 2025.1c and the gold price dwindled $5.70 to $1,245.20. The SILVER PRICE is acting more like a market tapping at a ceiling than one about to faint. Today silver made the first half of a key reversal with a new high for the move but a lower close. To verify that it must close lower tomorrow. However, today it fell back to the 50 DMA it broke through yesterday and bounced back. Remains above it. Next upward barrier is 2048c. Silver could fall all the way to 2000c without breaking this uptrend. The GOLD PRICE is playing footsie with its 50 DMA, now at 1,246. There's a resistance/support band from about $1,245 to $1,267.50. Gold is merely slogging its way through that area. Wait, though! Gold did close near its short term uptrend line, so mustn't drop lower than $1,241.40 (today's low) tomorrow. Silver and gold prices continue to look stronger than they have lo, these many months. I have bought some and will buy more as it rises, lots more on a close over $1,267.50. Why did the libertarian cross the road? None of your business. Am I being detained? (That's the theory -- the performance is another thing.) Markets rise and markets fall. Trick is to figure out whether either is lasting or a feint. Stocks, for example, rose today amidst general jubilatin'. They might have pulled the trigger on that a mite early. Dow levitated 115.92 or 0.71% to 16,373.86 while the S&P500 waxed even fatter, boated by 19.68 or 1.08% to 1,838.88. Only problem is, those rises changed not the chart. The Dow, it's true, rallied, but only to the downtrend line it busted yesterday on its way down. Nothing big, likely merely a kiss good-bye before diving deeper. SPX did the same. Jubilatin' is a mite previous. Neither the Dow in Gold nor the Dow in Silver (despite both metals' dips) did more than jiggle upward, nervously bouncing off the 50 DMA. Such bounces are to be expected when any sort of support is hit, 50 DMA or channel line or support/resistance. Only the followthrough unfolds the meaning. DiG and DiS both point earthward. Another example of parsing a fall: US dollar index rallied out through its downtrend channel line, fell back to its 50 and 20 DMAs, which coincided with the downtrend line, and today turned up again. Oh, only 12 basis points (0.15%) but the point is that the downtrend's support held. Dollar continues to lift its finger toward the sun, attempting to fly. It will likely succeed, but, like Icarus, come to a tragic end when its paper wings fall apart. Euro balked at its 20 DMA. Edged up 0.7% to $1.3679. Trajectory is earthward. Yen flopped back today 1.1% to 95.99 cents per Y100, but only to fill the gap left behind yesterday. Has a double bottom at 94.83 and has broken through the downtrend lie and the 20 DMA. Headed higher, heaven only knoweth why. More important is the 10 year treasury note yield, which in the last three days broke down through its 20 DMA and uptrend line. Now it has bounced off the 50 DMA which might contain the fall. Remember we are watching interest rates because they turned up in June and will eventually wreck the Fed's Zero Interest Rate Policy and the rest of its garden party. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger © 2013, 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.  |
| <b>GOLD Price</b> Corrective Rally Within Downtrend :: The Market Oracle <b>...</b> Posted: 15 Jan 2014 05:10 AM PST By: Gregor_Horvat
GOLD Daily Elliott Wave Analysis Gold has reached a new swing high around 1254 in this week from where we can see some bearish price action. At the moment a decline from 1254 is definitely still not enough strong and big to confirm end of a three wave (a)-(b)-(c) corrective rally. But further weakness today and tomorrow, back to 1216 wave (b) zone will suggests that new sell-off on gold is in progress. GOLD 4h Elliott Wave Analysis Written by www.ew-forecast.com | Try our 7 Days Free Trial Here Ew-forecast.com is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power. Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders. He was working for Capital Forex Group and TheLFB.com. His featured articles have been published in: Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu. He mostly focuses on currencies, gold, oil, and some major US indices. © 2013 Copyright Gregor Horvat - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors. © 2005-2013 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. |
| Today's <b>Gold Prices</b> And Gold Investing News - Money Morning Posted: 11 Jan 2014 12:00 AM PST
Gold prices were little changed at $1,238.80 in early trading today (Tuesday) after falling $30 an ounce Monday in mere minutes. Trading in February Comex gold futures was halted for 10 seconds Monday when a suspected "fat-fingered" (aka erroneous) trade sent the contract tumbling more than $30 an ounce in just minutes. Heavy volume was recorded in gold futures at the time of the price drop. Some 11,000 contracts, equivalent to 1.1 million troy ounces and worth about $1.3 billion, were traded in one minute at 10:14 a.m. EST. That was roughly one-tenth of gold's recent daily trading volume. The February contract slipped from $1,245.40 an ounce at 10:13 a.m. to $1,214.89. By 10:15, the price recovered to $1,234.50. To continue reading, please click here...
Owning some gold has long been a part of the Money Morning investing philosophy. After all, gold offers some insurance against the dollar-debasing policies of the U.S. Federal Reserve. One of the easiest ways to acquire the yellow metal is to buy a gold mining stock such as Newmont Mining Corp. (NYSE: NEM). At first glance, investing in any gold mining stock looks like a lousy idea. Over the past year, nearly all gold mining stocks have plummeted along with the gold prices - but much further. To continue reading, please click here...Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." Tuesday to discuss with viewers how to invest in gold in 2014. Host Stuart Varney points out that gold prices fell more than 30% in 2013. Varney predicts that investors are looking ahead for answers when it comes to gold in 2014. To continue reading, please click here...
Why gold is up today: Gold prices on Tuesday morning staged the biggest advance since mid-October. Gold prices ended Tuesday's session sharply higher, hitting a three-week high. February gold gained $28, or 1.5%, at $1,262.20 an ounce. Spot gold added $22.70 to reach $1,263.50 an ounce. To continue reading, please click here...
It's been another painful week for the precious metal amid what's been one tough year for gold bulls. Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer. To continue reading, please click here...
Ever since humans realized the intrinsic value of gold, we've constantly searched for - and perfected - ways to find more. From early methods like panning and trenching, to lode prospectors hunting for rock outcrops and veins, to the invention of drill bits... In modern times, we use increasingly sophisticated tools and techniques, such as seismic sensors, magnetometry, and gravimetrics to help locate potential gold deposits. But, after thousands of years of digging for gold, the low-hanging fruit's already been picked. Most remaining deposits are becoming increasingly difficult to find, and increasingly low grade. Now, a surprising, brand-new gold prospecting tool may be in the offing - one that's far less technologically demanding, and much less invasive. It seems nature itself has found a way to extract gold from the ground. Take a look at this picture...
The latest gold news out of China is yet another bullish development for investing in the yellow metal... Increasing gold demand in China has put the Asian nation on track to become the world's biggest consumer of the precious metal. According to the World Gold Council, China's gold consumption is on pace to increase to a record 1,000 tons this year, up 29% year over year, surpassing India as the leading global user of gold. Imagine what this will do to the price of gold over the next few years...
We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher. Gold, of course, is the timeless hedge here - for all the reasons you and I know. But are we truly prepared for a currency crisis? Much of the gold in the United States is owned by big institutions: the Treasury, the Federal Reserve, and bullion banks. So, if a currency crisis hits, their 8,900-ton hoard won't do us a bit of good. But there is one country whose "democratic" approach to gold ownership will allow its people to survive a currency crisis, literally, in fine style. Not only that, but this country's people are giving their government a whopping black eye for its heavy-handed ways in the process. Here's what's going on there...Gold prices are the honey badger of precious metals right now. As 2011's very popular YouTube video showed us, the honey badger makes moves that don't make sense - it "don't care." And neither does gold. Like the honey badger, gold prices just don't seem to care that the world has teetered on the brink of destruction all year. They just keep heading lower. Here's what's been dragging gold down...
Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report - and our country's employment situation is yet another reason why gold prices are up today and will resume their climb... Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release. Following the report, gold surged. To continue reading, please click here... |
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed at $1,238.30 Down <b>...</b> Posted: 15 Jan 2014 07:41 PM PST Gold Price Close Today : 1238.30 Change : -7.10 or -0.57% Silver Price Close Today : 20.13 Gold Silver Ratio Today : 61.5 Franklin didn't publish commentary today, if he publishes later it will be available here. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger © 2013, 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. |
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