The <b>Gold Price</b> Soared $18.60 to Close at $1319.00 |
- The <b>Gold Price</b> Soared $18.60 to Close at $1319.00
- Is This Why <b>Gold Prices</b> Are Rising? | Zero Hedge
- The <b>Gold Price</b> Pushed Through it's Resistance Up $5.10 to $1300.40
- The <b>Gold Price</b> Closed Up $15.30 Today Closing at $1290.10
- The <b>Gold Price</b> is Pushing $1300 Closing Up $5.20 at $1295.30
- <b>Gold Price</b> Recovery Faces Resistance :: The Market Oracle <b>...</b>
| The <b>Gold Price</b> Soared $18.60 to Close at $1319.00 Posted: 14 Feb 2014 03:17 PM PST Gold Price Close Today : 1,319.00 Gold Price Close 7-Feb-14 : 1,263.30 Change : 55.70 or 4.4% Silver Price Close Today : 21.411 Gold Silver Ratio Today : 61.604 Silver Gold Ratio : 0.01623 Dow in Gold Dollars : $ 253.18 Dow in Gold Ounces : 12.247 Dow in Silver Ounces : 754.49 Dow Industrial : 16,154.39 S&P 500 : 1,838.63 US Dollar Index : 80.180 Platinum Price Close Today : 1,428.50 Palladium Price Close Today : 737.40 This week was the week and today was the day for silver and GOLD PRICES. Gold broke through $1,300 yesterday and the shorts went skittering today as gold soared $18.6 (1.43%) to close at $1,319.00. Silver shocked even me, vaulting 102.6 cents (5.03%, yes!) to close Comex at 2141.1c. Where to start? First, parallel markets. Platinum and palladium have been trending up for nearly two weeks. Platinum closed on its 200 DMA today while palladium stands way above all moving averages, i.e., momentum is skyward. Gold/Bank Stock Index spread, which rises when faith in the financial system is falling and vice versa, is rising. XAU, GDX, and HUI precious metals mining stock indices have all broken out upward and crossed above their 200 DMAs this week. The GOLD PRICE very nearly broke upward through its since-August-2013 downtrend line this week, the chart shows a double bottom, other indicators are floating upward, and it has broken through its 20 week moving average. The daily chart is just too beautiful to miss. Look here,
Only problem with this picture is that it can leave us so giddy that we overlook that stochastic indicator that is flashing a warning. I don't think this rally has ended, but around $1,350 - $1,360 it will likely begin losing altitude. This rally has run since 31 December 2013.
Yesterday I said I'd be surprised if silver didn't close above 2050c today, but I was not prepared for today's explosion. Silver was pressed and packed against that April downtrend line and the tope of the range at 2050c, and when it burst through it couldn't stop until it punched clean through its 200 DMA and almost 2150c. That implies that before this rally ends silver will reach 2300c, maybe higher. Silver's weekly close today took it above the since-April 2011 downtrend line on the weekly chart. Once more, be wary! Next week or two will likely be VERY heady in silver, but markets move up in waves, back and forth, pendulum-like. And once more, the possibility exists but daily grows dimmer, that silver and gold might yet make one leg down to lower lows. I don't believe that will happen, but the possibility remains. Meanwhile, I am buying. Since anything I say about my competition is bound to sound invidious, I seldom say anything. However, I warn y'all that not everybody can be trusted. Many, many times in my almost 34 years in this business I have seen the big "players" and "cheap sellers" evaporate overnight. The gold and silver industry works on very, very small margins, 3.5% to 1% commission, so there's a problem with "cheap prices": very little room to discount. Years ago Krugerrand Corporation in Florida (that location and California are a potential tip-off) figured out they could sell Krugerrands at a very cheap price if it didn't bother with actually buying them when it sold them to customers. Same business model as Bernie Madoff and Carlo Ponzi. Just today a customer called and told us about a friend who had sent a large sum to a "cheap-selling" California dealer but now cannot get delivery. Before you do business with ANY gold or silver dealer, take a few moments to check them out with the unbiased Better Business Bureau. Frankly, I have no ambitions to rank as "Cheapest Seller in the US" or "The WalMart of Silver and Gold." I know what it costs us to stay in business, and I know what sort of tailored, profitable, and professional guidance we give every customer, large and small. I figure "the workman is worthy of his hire," but if you don't, then go to the cheapest seller on the Internet and enter your order without ever talking to a human or getting any professional advice. And I hope you get delivery. Before I forget it, let me remind y'all that if you ever expect to swap gold for silver at spot ratios above 60:1, you had better do it quickly. I recommend swapping gold for silver now, targeting a swap back at 31:1 or better. WOW. What a week, and much of it happened today in metals! Stocks recovered this week, running toward their soon and ultimate top. US dollar index wilted. White metals also zoomed up. US Dollar Index melted, falling through the uptrend line that had caught it since last November. Since mid-September it has range-traded from 81.60 to 79.75, and now is drawing close to that lower boundary. It also is nearing the downtrend line from September, same line it broke through upward as December closed. A fall through that line, which stands about at the bottom of the trading range, about 80, would foretell much pain. Today the dollar index lost 18 more basis points (0.22%) to end at 80.18. Big gainer from the Dollar index's fall was the euro, which rose 0.15% to $1.3698, beating its head on the old uptrend line it fell through in January. I have it on my list to buy euros right after I have all my teeth pulled by an orangutan wielding wire pliers. I like to pile one killer pain atop another. Yen hardly budged today, up 0.385 to 98.22 cents/Y100. Momentum is up, NGM's determination is down -- which do y'all think will win? I note in passing that the 10 year US treasury note yield rose 0.37% today to 2.746%. It's skating above its 20 DMA, above its 200 dma, trading sideways. Better watch it. The Federal Reserve's house of cards begins trembling when it breaks above 3.1%. STOCKS spent the last week recovering from their gigantic January fall. Dow gained 126.8 (0.79%) to 16,154.39, S&P500 clumb 8.8 (0.48%) to 1,838.63. Mercy, y'all, this is a doomed effort. It can end sooner, or it can end later, but end it will by end-May. Oh, the weeping, wailing, and gnashing of profits! Please, protect yourselves. Whooo! That Dow in Silver put some HEAVY sinkers on its line today and sank, sank, sank. Ended down 4.04% (31.72 oz) at 754.14 oz, breathing hard down the neck of the 200 DMA at 738.95 oz. Crossing below that will turn momentum unarguably down. Dow in gold lost 0.62% to close at 12.25 oz (G$253.23 gold dollars). All indicators speak with one witness: DOWN. Y'all enjoy your weekend! Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - 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.  | ||||
| Is This Why <b>Gold Prices</b> Are Rising? | Zero Hedge Posted: 11 Feb 2014 06:16 PM PST While there are numerous reasons why precious metals prices rise and fall - from supply, demand, manipulation, money-printing, and jawboning - it is abundantly clear that as prices drop, Asian demand has risen rather notably. But what is the reason? Why are Asian 'people' and central bankers - most notably China - buying gold now? We suspect the following chart from SocGen provides considerably color when answering that question historically (and more importantly - going forward). Via SocGen,
With uncertainty over whether the PBOC and Chinese government reforms will be upheld or folded on, we suspect this rising uncertainty over Chinese policy is major factor in the safe-haven stacking of precious metals in the last month or two. (19 votes) | ||||
| The <b>Gold Price</b> Pushed Through it's Resistance Up $5.10 to $1300.40 Posted: 13 Feb 2014 04:44 PM PST Gold Price Close Today : 1300.40 Change : 5.10 or 0.39% Silver Price Close Today : 20.385 Gold Silver Ratio Today : 63.792 Silver Gold Ratio Today : 0.01568 Platinum Price Close Today : 1415.00 Palladium Price Close Today : 730.90 S&P 500 : 1,829.83 Dow In GOLD$ : $254.78 Dow in GOLD oz : 12.325 Dow in SILVER oz : 786.24 Dow Industrial : 16,027.60 US Dollar Index : 80.360 The GOLD PRICE pushed through the $1,290 - $1,295 resistance at $1,300.40, up $5.10 and another $3 in the aftermarket. O, there's still some resistance between here and the 200 DMA at $1,310.49, but shorts will be having deep and gloomy periods of silent meditation when the gold price crosses that line. Might even grab their wastebaskets for a genteel puke. The SILVER PRICE rose 5.4 cents to 2038.5c, driving us crazy as we wait for it to cross that 2050c line and begin rising in earnest. Today brings silver plumb slap up against the downtrend line from April 2013. Mercy, the 20 day moving average hangs in the sky only a few cents higher at 2114c. I'll be mildly surprised if silver closeth not above 2050c tomorrow. Shorts will be pulling out before the weekend and that ought to give it push enough to break through. High today was 2047c, nearly there. While a remote chance remains that silver and GOLD PRICES might make one last spike down to lower lows, that chance dims with each rising day. I've been buying since end-December and expect the rally to carry much higher into the end of February, say, to the $1,360 neighborhood for the gold price. Silver hasn't even got it's motor warmed up yet, but ought to reach 2300c at least, maybe even 2500c if it really gets feverish. Don't miss this gold and silver train! Oh, wow. How volatile can it get? On news of weak retail sales today (according to the media, who only lie out of one side of their mouths, the front side) the US dollar index slid 40 basis points (0.5%) to 80.36. That move takes it below the uptrend line that had caught the dollar index on ever downmove since end-November. Here's what makes currency markets impossible to parse: the euro, which gapped down fatally yesterday, gapped up today, although it is still blocked by that long term uptrend line overhead. Currency markets are scared to death when they're this jumpy. Yen rose 0.3% to 97.84 cents/Y100, so may be resuming its uptrend. Today offers a perfect example why I wouldn't trade currencies. No fundamental change whatever occurred today in the value of these currencies, and truly, the euro is in far worse shape, along with European banks, than the US dollar. Besides, that, ALL fiat currencies are manipulated by central banks and government. ALL, without exception. Me, I had rather escape from their power altogether by swapping fiat currency for silver and gold, while those fiat currency still buy something. Stocks struggled to add a few points today. Dow grabbed 63.65 (0.4%) to close at 16,027.59, a truly beautiful number by the tape painters, above the morale-boosting 16,000 mark. Is it real, or Memorex? Who knows, when governments meddle now in all markets? S&P500 added 10.57 (0.58%) to 1,829.83. Moving Average Convergence Divergence (MACD) indicator is positive, so this can run for a while, but it is a doomed undertaking. Later this year there will be weeping and gnashing of teeth, plus a large dose of wailing, whining, and grieving. For all stocks bounced, the Dow in Gold and Dow in Silver still fell. DiG edged down 0.26% to 12.33 oz while the DiS inched lower by 0.46% to 785.86 oz. Trend and momentum remains earthward, held in a headlock by gravity. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - 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.v> | ||||
| The <b>Gold Price</b> Closed Up $15.30 Today Closing at $1290.10 Posted: 11 Feb 2014 04:14 PM PST Gold Price Close Today : 1290.10 Change : 15.30 or 1.20% Silver Price Close Today : 20.143 Gold Silver Ratio Today : 64.047 Silver Gold Ratio Today : 0.01561 Platinum Price Close Today : 1386.20 Palladium Price Close Today : 716.15 S&P 500 : 1,819.75 Dow In GOLD$ : $256.29 Dow in GOLD oz : 12.398 Dow in SILVER oz : 794.06 Dow Industrial : 15,994.77 US Dollar Index : 80.970 I was pretty proud of the GOLD PRICE today, rising $15.30 (1.2%) to $1,290.10 and the next resistance area. Time after time since last June this $1,290 level has played support/resistance. Since the gold price after much stubborn labor broke through the December close ($1,267.50) I expect it to churn and chew through this barrier, too. Might take more than one try, but as long as it doesn't fall back below $1,267.50 'twill be all right. The SILVER PRICE inched up only 4.4 cents (0.22%) to 2014.3 c. About all you can say is, At least it was up. Silver has not yet conquered 2050c. Yes, it is headed up, pointed the right direction, but has to wax peppier. Silver and GOLD PRICES have not looked more hopeful for the last year. I've been buying all the way up, and on this rally I haven't been continually beaten up. Yellow Janet spoke before congress today and said she would do just like Ben the Criminal before her. Stock markets liked that and rose. They want more of a steady stream of new money. The Dow leapt 192.98 (1.22%) to 15,994.77. Not to be outdone, the S&P500 bounded 19.91 (1.11%) to 1,819.75. Those jumps took both indices above their 20 day moving averages (15,956 and 1802.15), and the S&P500 above its 50 DMA (1,809.55). MACD flashed a BUY signal, which points toward higher prices still. Sorry, it's still not a train I want to ride. Rails have been dismantled up ahead, and there's a bridge out. Dow in gold barely rose, up 0.04% to 12.40 oz, nothing to disturb the sharp downtrend. Dow in Silver edged up 0.73% to 793.67 oz. Trend undisturbed. US dollar index was surprisingly unruffled by Yellen's "speech". It rose 2 basis points to 80.72, just enough to climb above its 50 DMA (80.70). Mercy, Nice Government Men! Is that the best you can do? Come on, y'all have a tape to paint here, global currency hegemony to keep up! For heaven's sake, this isn't the Soviet Union. Euro climbed to the uptrend line it fall through in January, above its 50 DMA (1.3649), looked around, and keeled over. Closed down 0.05% at $1.3638. I've tried and tried, but I just can't get excited about the euro. It's almost as much fun as sitting in a bus station. Yen gave up 0.37% to 97.46 cents/Y100. Still in an uptrend. Apparently the Japanese Nice Government Men are sleeping at the switch, too. The 10 year treasury note yield rose today 1.53% to 2.719%. This brings it back from a visit to its 200 day moving average below, and validates again the bottom of a flat trading range. Just a skootch more will turn it up positively. My beloved friend and editor of my At Home In Dogwood Mudhole volumes, Fiona McNeill, passed away today from cancer. She leaves a husband and six year old son and a horde of people who loved her. Please pray for her husband Ed and son Alex. "The Lord gave, the Lord hath taken away -- blessed be the name of the Lord." Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - 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. | ||||
| The <b>Gold Price</b> is Pushing $1300 Closing Up $5.20 at $1295.30 Posted: 12 Feb 2014 04:59 PM PST Gold Price Close Today : 1295.30 Change : 5.20 or 0.40% Silver Price Close Today : 20.331 Gold Silver Ratio Today : 63.711 Silver Gold Ratio Today : 0.01570 Platinum Price Close Today : 1405.70 Palladium Price Close Today : 728.85 S&P 500 : 1,819.26 Dow In GOLD$ : $254.77 Dow in GOLD oz : 12.324 Dow in SILVER oz : 785.20 Dow Industrial : 15,963.94 US Dollar Index : 80.750 The GOLD PRICE made good yesterday's breakout through the December high by adding another $5.20 (0.4%) and pushing to the top of the resistance area with a $1,295.30 close. It's a scant $5 from here to $1,300, the gold price hasn't seen that since November last. Yesterday the GOLD PRICE broke upward through the neckline of an inverted head and shoulders sketched from November through yesterday. The breakout targets $1,368, about where Gold was stopped in August. Don't forget, either, that the gold price last week broke through that downtrend line from April 2013. Ought to keep climbing the rest of February. The SILVER PRICE gained only 18.8 cents (0.93%) to 2033.1c, still lagging gold. I imagine the vulture sellers are lined up six deep at 2050c, waiting for their chance to sell again, but silver is about to push through the lot of them. Above stands the 200 DMA at 2118c, which, after all silver has been beaten up the last two years, looks like the Holy Grail. Silver closing over 2050c will be the last confirmation that metals are rallying and intend to pull on their seven league boots. Get ready. Absent a goose from Fed propagandist and new Head Criminal Janet Yellen or other prevaricating persiflage, stocks foundered today and kept falling behind. Had the feel of a projectile reaching the high point of its trajectory and beginning its fall back earthward. Dow fell down 30.83 (0.19%) to 15,963.94 while the S&P500 only backed off 0.49 (0.3%) to 1,819.26, but then, the S&P500 has been stronger than the Dow throughout this little rally. Dow has recovered about 50% of its fall, S&P500 about 75%. If this rally is only correcting the preceding drop, that ought to mark the limit of it. On the other hand, it might continue, even to make slightly new highs, yet is the end nigh and growing nigher all the time. Dow in Gold and Dow in Silver both dropped again today, but only slightly. Both are adumbrating that they intend to fall much, much further. That slouching, scrofulous beast the US Dollar index leapt three (3, count 'em) basis points today to 80.75. It's stuck between its 50 DMA below (80.70) and 20 DMA above (80.95), spinning wheels and going nowhere fast. Yet the dollar's lethargy aided not the euro, which sank like a lump in a churn, gapping down below all its clustered 20 and 50 and 62 day moving averages, backing away from that old uptrend line like Dracula crawfishing from a crucifix. Makes me wonder if the euro currency is foretelling more euro turmoil soon. Yen rose only 0.11% to 97.57 cents/Y100. Japanese Nice Government Men have slapped it silly, trying to break its rally. AMERICAN VALENTINE'S SPECIAL OFFER All prices based on spot gold at $1,295.30 and spot silver at $20.33. OFFER No. 1. One each one-half ounce American Eagle at $696 plus two (2) each one-fourth oz. American Eagle at $351.30 plus Five (5) each one-tenth oz. American Eagle at $147.15, a total of 1-1/2 troy ounce of gold for $2,134.35 plus $35 shipping or a total of $2,169,35. I have only 12 lots OFFER No. 2. One (1) each one oz. gold American Eagle at $1,369, four (4) each one-fourth American Eagles at $351.30, Ten (10) each one-tenth American Eagles at $147.15, subtotaling $4,245.70 plus $35 shipping, a total of $4,280.70. Totals three oz, Twelve lots only. OFFER No. 3. Ten (10) each one-fourth oz. gold American Eagles at $351.30 and Four (4) each one-tenth oz. American Eagles at $147.15, a total of 2.9 oz for $4,101.60 plus $35 for shipping, a total of $4,136.60. FIVE lots only, 2.9 oz pure gold. OFFER No. 4. US 90% silver coin contains 0.715 troy ounce of pure silver per one dollar face value (10 dimes, 4 quarters, or 2 halves), so this $140.00 sack I'm offering contains 100.1 troy ounces. You get $140.00 face value US 90% silver coin at $15.658 on the dollar, denomination of our choice, for $2,192.12 plus $35 shipping for a grand total of $2,227.12. NOTE: I will levy only one shipping charge per order no matter how many lots you order, but if you mix silver and gold, I will add $10 for a total of $45 shipping. Special Conditions: First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. Send email to offers@the-moneychanger.com Sorry, we will not take orders for less than the minimum shown above. All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. It increases your chances of getting your order filled if you offer me a second choice, e.g., "I want to order One of Lot 2, but if not available will take One of Lot 2." ORDERING INSTRUCTIONS: 1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please. Please do NOT order by replying to THIS email, because it will delay your email. Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee. Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week, then I tripped, dropped, and smashed my crystal ball, and our fortune-teller is on strike, so I can no longer read your mind. 2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, and you are giving us your word that you will buy at that price, regardless what later happens in the market, up or down. If you break your word to us, we will never again do business with you. 3. Orders are on a first-come, first-served basis until supply is exhausted. 4. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail. 5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled. 6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours. 7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. 8. Mention goldprice.org in your email. Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - 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. | ||||
| <b>Gold Price</b> Recovery Faces Resistance :: The Market Oracle <b>...</b> Posted: 13 Feb 2014 04:40 AM PST By: Gregor_Horvat Gold is at the new highs after breaking out of a triangle at the start of the week. We see price now moving up in wave (c) of a second zigzag that may form a top in current 1290-1300 area. Keep in mind that despite higher highs and higher lows we think that move from 1181 is corrective, thus temporary recovery so we need to be aware of a bearish turning point in coming days. An impulsive fall back 1254 will suggest that highs are in. 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. © 2014 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. © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. |
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