The <b>Gold Price</b> Flew Up $11.70 to End the Week at $1251.70 |
- The <b>Gold Price</b> Flew Up $11.70 to End the Week at $1251.70
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Chiseled Out a $1.90 Gain <b>...</b>
- The Hows and Whys of <b>Gold Price</b> Manipulation | Peace . Gold . LOVE
- Hathaway - <b>Gold Price</b> To Super-Spike As Physical Flees West :: Jim <b>...</b>
- <b>Gold price</b> rally fizzles as ETF selling continues | MINING.com
| The <b>Gold Price</b> Flew Up $11.70 to End the Week at $1251.70 Posted: 17 Jan 2014 04:25 PM PST Gold Price Close Today : 1,251.70 Gold Price Close 10-Jan-14 : 1,246.70 Change : 5.00 or 0.4% Silver Price Close Today : 20.267 Gold Silver Ratio Today : 61.760 Silver Gold Ratio : 0.01619 Dow in Gold Dollars : $ 271.81 Dow in Gold Ounces : 13.149 Dow in Silver Ounces : 812.09 Dow Industrial : 16,458.56 S&P 500 : 1,838.69 US Dollar Index : 81.370 Platinum Price Close Today : 1,452.60 Palladium Price Close Today : 747.65 The GOLD PRICE flew up $11.70 to end at $1,251.70. Silver today mounted 24.2 cents to end at 2026.7 cents. Ahh, the positives! Gold's fourth weekly higher close. The gold price above the 50 DMA ($1,241.86). Gold at the neckline for what promises to be an upside down head and shoulders. Gold within shooting distance of the December $1,267.50 high. Gold, with a positive MACD in positive alignment, a positive RSI, positive full stochastics, and positive rate of change. All I could ask more is gold above $1,550 -- but wait. Be patient. Meanwhile the GOLD/SILVER RATIO, which falls during gold and silver rallies, has been inching downward since Mid December. Today it closed below its 50 DMA and right at the 20 and 200 DMAs, trying to fall out of bed. Wait, wait, wait! Did I neglect to mention that all three gold stock indices today burst their bonds and soared skyward? Yea, the HUI, GDX, and XAU in tandem. Now silver. the SILVER PRICE, up three of the last four weeks. On the weekly chart dancing with its downtrend line from 2011 [sic]. On the daily chart in an uptrend from the December low at 1872c. Next barrier is 2050 cents to break out of this congestion that has reigned below that number since mid-November. Then silver must o'erleap 2100c. Yet what progress already! It stands above its 20 and 50 DMAs (1985c and 2004dc). I don't want to bore y'all like some proud papa with pictures of a new baby, so I won't list all the positive indicators. There are lots of 'em. The silver and GOLD PRICE picture continues to improve steadily. And all this unashamed progress today came in the teeth of a boldly stronger dollar. I have been buying little by little since the lows, and will buy more when silver crosses 2100c and gold crosses $1,267.50. Only fly in this ointment is physical gold coin premiums, which are barely flabby. Not bad, just a mite soft. Silver premiums are holding up well. All this is the very best set-up we have seen in a year, but must be confirmed by higher prices and continued upward progress. Well, this IS interesting. This was a down week for the S&P500 but not for the Dow. It was the fourth UP week in a row for gold, and 3 out of 4 for silver. White metals rose this week, too, while the dollar finally made up its mind to climb. Stocks remain bewildered and squabbling with each other. All indices but the Dow fell today (the "Invisible Hand" of the NGM, painting the tape with the most widely followed index? Real or Memorex?). Dow inched up 41.55 (0.25%) to 16,458.56 but the S&P500 said "No" and stumbled 7.2 (0.4%) to 1,838.69. Maybe I'm prejudiced -- everybody is -- but this looks weak. Then add a falling Relative Strength Index and the MACD on a sell signal. Rate of change is below zero (negative) for both indices. All these witness that momentum -- the line of least resistance -- is down. Still, I will admit this remains somewhat equivocal. Stocks might jump Monday to new highs, nixing my interpretation. But both are poised to fall through their 20 DMAs, and with all those other negatives weighing them down, I expect Monday to be a rough day for stock bulls. I watch the Dow in Gold and Dow in Silver because sometimes turns in these precede outright turns in gold or silver, or coincide and confirm. Both these indicators promise gloom for stock investors. Dow in Gold has moved from the high side of its trading channel at 13.80 oz (G$285.27 gold dollars), below its 20 DMA, and to the low side of its trading channel. Today's 13.13 oz (G$271.42) close hangs close above the channel's bottom boundary and the 50 DMA at 12.99 oz (G$268.53). All indicators point toward the earth's magma core. Dow in Silver presents a like picture. Dropped today 0.86% to 810.37 oz, hanging barely above the 50 DMA at 804.97. The goofy, sorry US DOLLAR INDEX finally came out swinging today. It scampered up 36 basis points (0.44%) to end at 81.37, highest close since November. 200 DMA lieth near above at 81.58. When it punches through that, 'twill run for 83. The perky dollar hit the euro like a cat-o-nine-tails, flogging it out of the trading channel and down below its 50 DMA ($1.3613. Closed down 0.57% at $1.3540. First target is about $1.3341, the 200 DMA. Japanese yen kept its head timidly low today, rising 0.05% -- if that can be called a "rise" -- to 95.86 cents per 100 yen. It has been thoroughly rebuked and chastened for its audacious rise last week. Y'all enjoy your weekend! 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.  |
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Chiseled Out a $1.90 Gain <b>...</b> Posted: 16 Jan 2014 05:21 PM PST Gold Price Close Today : 1240.00 Change : 1.90 or 0.15% Silver Price Close Today : 20.025 Gold Silver Ratio Today : 61.923 Silver Gold Ratio Today : 0.01615 Platinum Price Close Today : 1430.00 Palladium Price Close Today : 743.00 S&P 500 : 1,845.89 Dow In GOLD$ : $273.68 Dow in GOLD oz : 13.240 Dow in SILVER oz : 819.83 Dow Industrial : 16,417.01 US Dollar Index : 80.170 Metals gainsaid each other today, silver down, the GOLD PRICE up. Gold chiseled out a tiny $1.90 gain to close at a portentous $1,240. Silver lost 7.8 cents for a Comex close at 2002.5 cents. The RSI and MACD continue to smile on the gold price, but it is wrestling hard to climb through that fence at the 50 DMA (1,243.07) -- the fence holding it out of an uptrend. The GOLD PRICE may be tracing out an upside-down head and shoulders with the shoulder's top about $1,210. To preserve that pattern, gold must not close below $1,210, and I'd prefer it not close below the 20 DMA at $1,222.13. The SILVER PRICE clings tenaciously to the uptrend begun with the second December low at 1872c. Traded as low as 1997c today, and as high as 2025c, but held on above that uptrend line. Rests only cents below the 50 DMA at 2007c. All this feels like one of those silent movie cliff-hangers, but I believe this time it will resolve in favor of silver and gold. A close tomorrow above last Friday's close at $1,246.70 would give gold a four week winning streak Adolf Hitler wrote, "In the primitive simplicity of their minds [the broad masses of a nation] more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously." This is called the Big Lie Technique. In the news today Federal Reserve Chairman Ben Bernanke defended quantitative easing, saying it has helped the economy and shows no immediate sign of creating a bubble in assets. These two items above are not related. No, sir. No way. Unh-unh. Nope. Sorry I didn't send a commentary yesterday, but I took a day off and spent it with my wife, Susan. As it turned out, nothing shook the earth yesterday. Yesterday stocks were strong, and y'all might have been thinking I am a moron for talking about stocks trending down. You might be right, too, but this is a good time to discuss corrective B waves. When markets correct, they often trace three waves, A-down, B-up, and C-down (of course this works for declining markets as well, just reversed). Trick is that the B-wave is often strong as a garlic milkshake, and will fool you into believing there's no correction at all. Sometimes the B-wave even makes a higher high than the last peak. Then the bottom falls out. This B-wave strength shows especially in markets that have been very strong. So I look at stocks, I see that yesterday the S&P500 made a marginal new intraday high (1,850.84 against 31 December's 1,849.44). Dow didn't do that well. Today, both sank again, the Dow by 64.93 (0.39%) to 16,417.01 and the S&P500 by 7.49 (0.13%) to 1,845.89. Now the small downtrend we've seen since 31 December may have amounted to only a short correction. Then again, it might be the start of something bigger. RSI still trendeth down, MACD still flasheth a sell signal, both indices are at their short term trend lines. Unless stocks can advance tomorrow, substantially and not marginally above the last highs, lower prices loom. Uncertain trumpet calls blew from the Dow measured in metals today. Dow in silver rose 0.13% to 817.38 oz, bouncing up off the 50 DMA (803.15 oz). Dow in Gold turned down, 0.47% to 13.22 oz (G$273.28), but hasn't yet reached its 50 DMA (12.96 oz). Both have been trending down since 31 December, and both are about to break down out of their uptrending channel. US DOLLAR INDEX rose strongly yesterday, but fell 11 basis points today (0.14%) to 81.01. Yet it has lifted off those 20 and 50 day moving averages (80.73 and 80.68). Uptrend vindicated. The euro, stitched together Franken-currency, rose 0.1% to $1.3618, but playeth footsie still with its downtrend lines and 50 DMA. Will succumb to gravity. Yen rose 0.22% to 95.82 cents/Y100, above its 20 DMA and trying to trend upward. Ten year treasury yield fell through its uptrend line five days ago, but has now bounced off its 50 DMA. Larger uptrend remains in force, glacial though it may be. 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. |
| The Hows and Whys of <b>Gold Price</b> Manipulation | Peace . Gold . LOVE Posted: 18 Jan 2014 06:54 AM PST Central bank manipulation of precious metal prices—though gold leasing and fractional reserve lending—explained by Paul Craig Roberts and Dave Kranzler. "Why does the Fed need seven years in which to return 20 percent of Germany's gold? The answer is that the Fed does not have the gold in its vault to deliver. In 2011 it took four months to return Venezuela's 160 tonnes of gold. Obviously, the gold was not readily at hand and had to be borrowed, perhaps from unsuspecting private owners who mistakenly believe that their gold is held in trust." Well worth a read. http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-pr... |
| Hathaway - <b>Gold Price</b> To Super-Spike As Physical Flees West :: Jim <b>...</b> Posted: 16 Jan 2014 09:36 AM PST Dear CIGAs, With continuing volatility in the gold and silver markets, today one of the great veterans of the gold world sent King World News an absolutely extraordinary piece which lays out the roadmap for a dramatic spike in the price of gold. There are also 5 unbelievable charts included. Below is the outstanding piece by John Hathaway of Tocqueville Asset Management. By John Hathaway, Senior Managing Director, Tocqueville Asset Management January 15 (King World News) – Gold Price To Super-Spike As Physical Flees West Despite the painful decline in gold and gold shares that persisted throughout the entire year, we believe that the fundamental case for both remains strong. It seems to us that the correction has left the entire sector sold out and friendless. As contrarians, our experience has been that attractive investment returns arise out of such circumstances. We therefore encourage investors to maintain their commitment and wherever possible to add to positions. At the current gold price, construction of new mines in most cases does not make sense. Therefore, future mine supply is jeopardized without a substantial and sustained rise in the gold price…. |
| <b>Gold price</b> rally fizzles as ETF selling continues | MINING.com Posted: 14 Jan 2014 04:44 PM PST The gold price let go of the psychologically important $1,250 level on Tuesday, giving up $5.70 an ounce to settle at $1,245.40 on the day. Gold received a boost on Friday after a surprisingly weak US jobs report that showed labour participation rates at levels last seen in 1978. The jobs shocker was interpreted as forcing the Federal Reserve to keep interest rates near zero for longer than anticipated, hurting the dollar and boosting gold in return. But on Tuesday two noted Fed hawks poured cold water on any backpedaling on the taper process that kicked off in December with a $10 billion reduction in monthly bond buying. Charles Plosser, president of the Philadelphia Federal Reserve, said asset purchases running at $75 billion a month, should be wound down sooner than the end of the year, while Dallas President Richard Fisher said he wanted the taper to be double the size it was, that is $20 billion. A negative in the market remains continued outflows from gold-backed exchange traded funds. Holdings of the world's largest gold ETF – SPDR Gold Shares (NYSEARCA:GLD) – dropped more than 3 tonnes on Tuesday and outflows for the year total 8.7 tonnes. At 789.6 tonnes GLD holdings are at the lowest level since January 2009 after a whopping 552 tonnes left the fund last year. The Wall Street Journal reports that the strength seen in 2014 could be because certain investors are buying gold "simply to track two of the world's most closely followed commodity indexes, the Dow Jones UBS Commodity Index and the S&P GSCI:" Both indexes are carrying out an annual adjustment to their commodity holdings to reflect changes in production and liquidity, or ease of trading. This year, the DJ-UBS index will raise its gold allocation to 11.53% from 10.82%, while the S&P GSCI will trim its gold allocation to 2.80% from 2.81% last year. Funds that follow either index will need to buy gold to match the new weights, as gold's declines eroded the value of both allocations. The paper quotes Bart Melek, head of commodity strategy at TD Securities, as saying index rebalancing "will lead to additional purchases of the equivalent of 1.97 million ounces of gold, or about 2.2% of the annual output of gold mines." The price of of gold ended 2013 down 28% at a shade over $1,200 an ounce, bringing a 12-year bull run that took it from around $270 an ounce at the end of 2000 to a record high above $1,900 in September 2011 to a decisive end. |
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