Gold price | <b>Gold Price</b> Uptrend Continuation :: The Market Oracle :: Financial <b>...</b> |
- <b>Gold Price</b> Uptrend Continuation :: The Market Oracle :: Financial <b>...</b>
- Silver and <b>Gold Prices</b>: Silver and Gold Might Give Us a Chance to <b>...</b>
- Interest Rates "Key" to 2014 <b>Gold Price</b> | Gold News - BullionVault
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost 40 Cents Closing at <b>...</b>
- <b>Gold Prices</b> Hit 4-Month Lows with Euro, Defy Falling Bond Yields <b>...</b>
- <b>Gold Price</b> "Can't Rise" as Weak Asian Demand, Technical <b>...</b>
| <b>Gold Price</b> Uptrend Continuation :: The Market Oracle :: Financial <b>...</b> Posted: 12 Aug 2014 08:34 AM PDT By: Gregor_Horvat Gold is recovering from the lows after a decisive breakout of a downward channel that suggests higher prices for gold. Ideally market is now heading up in impulsive fashion which means that bulls can even accelerate to the upside as reversal down from 1345 appears to be a completed three wave corrective decline so the whole bearish retracement should be fully covered. 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.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver and <b>Gold Prices</b>: Silver and Gold Might Give Us a Chance to <b>...</b> Posted: 12 Aug 2014 05:50 PM PDT
Gold was trading along fine, reaching a high of $1,319.30, until about 2:30 Eastern time when sellers took over and slapped gold winded, down from $1,314 to $1,308.20. Silver traded up until nearly 10:00 a.m., reaching 2016c, but then steadily stepped downstairs the rest of the day. Whenever a market climbs higher during a day, then falls back to close unchanged or lower -- and a 30 cent rise in the GOLD PRICE is "unchanged" -- it's bad news. Now it might be on the first day of a rise somehow it got confused, but most of the time that signals that sellers up there at higher prices are more determined than buyers. Wherefore y'all brace yourselves for lower prices tomorrow. The 2000c mark has been the divider for the SILVER PRICE. It wasn't able to pierce that for a while, now when it does, it falls back below it. 'Tain't stout. All this runs contrary to what I have been expecting, namely, that both metals begin a rally around mid-month, but today raises the suspicion they have not found a solid bottom yet. Silver and gold prices might give us a chance to buy at lower prices. Stocks had a hard time holding on to yesterday's gains, and didn't. Dow coughed up 9.44 (0.06%) to 16,560.54, and volume is drying up like barn paint in the sun. S&P500 lost 3.17 (0.16%) to 1,933.75, weaker than the Dow. Mercy, there's more plungin', plummetin', and pukin' to come. Dow in Gold hooked down a fraction, 0.13%, while the Dow in silver rose 0.39% and crossed above its 50 DMA at 827. It closed 831.35 oz. US dollar index closed at 81.57, up a measly 5 basis points, but closed near the day's low. Euro gapped down today, lost 0.14% to $1.3367 and ain't going nowhere but down. Yen looks as sorry as electronics made in China and sold at WalMart, down 0.07% to 97.79. Aurum et argentum 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Rates "Key" to 2014 <b>Gold Price</b> | Gold News - BullionVault Posted: 26 Feb 2014 07:27 AM PST Gold price rally "driven" by falling US bond yields. But $500 tag seen if rates hit 5%... U.S. INTEREST RATES are "key" to the direction of the gold price in 2014, according to analysts and fund managers. Historically, the gold price has "traditionally had a negative correlation with long-term US real interest rates," says Walter de Wet, head of commodities research in London for Standard Bank, moving higher when interest rates fall after accounting for inflation, and vice versa. "A lower bond yield would imply a higher gold price," says de Wet. But further ahead, his colleagues at Standard Bank "continue to expect US bond yields to move higher towards year-end," with the 10-year Treasury bond falling in price until its yield rises a whole percentage from today, up to 3.75%. Probably the most heavily traded government bond by maturity worldwide, 10-year US Treasuries have risen in price since the start of January. That has cut the annual yield – the rate of interest – which these fixed-income assets offer new buyers, pushing it down from 3.00% to 2.75% and below. This drop in the 10-year US Treasury yield "has also translated into a lower real interest rate," says de Wet at Standard Bank, comparing the yield against the latest reported US rate of inflation. Real interest rates are also "proxied" by the yield paid by 10-year inflation-linked US bonds, Standard Bank's analysis adds, noting that it "has dropped from just below 0.8% in December to the current 0.56%." "Since the launch of the SPDR gold ETF in 2004," said a presentation last month from Claude Erb, a former commodities portfolio manager, pointing to a major vehicle for investment funds to gain gold-price exposure, "it seems that interest rates have driven the price of gold." Identifying what he calls a "fear trade" linking bond and gold prices, on Erb's math the gold price "could fall to about $800 if interest rates rise to 4%...[and] $500 if interest rates rise to 5%." Trevor Greetham, director of asset allocation and manager of Fidelity UK's multi-asset range, also believes interest rates are key to gold prices. "If you wind the clock forward," he tells Investment Week, and also without referencing inflation, "interest rates could be at 5% in a few years time. "In that environment, people will question why they are holding gold, which does not yield anything." | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost 40 Cents Closing at <b>...</b> Posted: 11 Aug 2014 07:25 PM PDT
The GOLD PRICE butted its head against that downtrend line form October 2012, but couldn't batter its way through. Think that's weak? Well, remember that uptrend from December 2013 has not been broken, and despite two attempts $1,281 held. And gold stands above its 200, 50, and 20 dmas, all aligned in that upward looking order. Gold needs to jump over $1,320 to break out of these August doldrums. The SILVER PRICE keeps on sliding along the downtrend line from the August 2013 high. So far the 1975c low has held, but silver is below its moving averages and is presently the sick sister of the precious metals. Indicators have not yet turned up. Be calm, be patient. Higher prices are coming in August. Today was a pretty slow day, as one of the top headlines read, "Fort Smith (Arkansas) Receives Nearly $5 Million Grant." Clearly, the yankee government is still at work subsidizing the airlines and airport construction companies, so y'all can wipe that worried look off your faces. The business-government partnership ("fascism") is alive and well in America. Stocks likely made a short term (1-2 week) bottom last week but have another leg down coming. Dow today rose 16.05 (0.1%) to 16,569.98. S&P500 climbed 5.33 (0.28%) to 1,936.92. Dow could rally to 16,740, but the decline is not yet complete. Dow in gold added 0.1% to 12.64 oz (G$261.29 gold dollars). DiG has clearly defined and confirmed that its upward correction has ended by closing below its last low and its 200 DMA. Friday it nearly fell through the critical uptrend from August 2011, today at 12.42 oz (G$256.75). Dow in silver is lagging its big brother, winding up in a triangle that ought to break downward. Today it moved 0.8% lower to 824.58 oz (S$1,066.12 silver dollars). Short term uptrend line today stands at 820 oz (S$1,060.20). Be patient. The Dow in Gold and Dow in Silver are rolling over. Time to begin swapping stocks for silver and gold. US dollar index crept up 6 basis points to 81.51. Currencies are doing nothing, as the US dollar Index is stuck oscillating around that 80.50 line that ought to have marked a breakout, but didn't. Stuck: can't move up, can't move down, but more dollar rally lies ahead. Euro flaked another 0.17% to $1.3383, still gravely ill. Yen gave up pretensions to health today, closing down 0.15% at 97.86 and below its 200 DMA. May be preparing another BIG fall. My friend Daniel Freemon has made an amazing recovery. They took him off the Ventilator on Saturday and Sunday moved him to an ICU Step Down room. He is talking and his mind has returned. I thank y'all most heartily for your prayers. On 11 August 1860 America's first successful silver mill began operating in Virginia City, Nevada. SPECIAL OFFER I bought some coins at the right price and crazy as I am, I am passing the saving on to you. 'Tis your lucky day! British sovereigns (minted 1818-today) are one of the world's most common gold coins, thanks to the British empire. They are 22 karat (91-2/3% pure) and contain 0.2354 troy ounce of fine (pure) gold. Dates of our choice, some coins may show wear since they actually circulated. The U.S. in the 1980s and 1990s issued a passel of different $5 gold (0.2419 troy ounces) and $10 gold (0.4838 tr. Oz.) commemorative coins. All are uncirculated coins, dates of our choice. Minted at 90% fine (21.6 karat). In 1979 Canada introduced the Maple Leaf gold coin as the first 24 karat "pure gold" bullion coin. At first they were issued at 99.9% fine, but then late in 1982 they began issuing them in 99.99% fineness. These coins are the later issue at 99.99% and of course uncirculated. All prices are based on spot gold at $1,308.5 and spot silver at $20.06. OFFER NO. 1 Nineteen lots of EIGHT (8) each British sovereign gold coins. at $324.50 each for a total of $2,596.00 plus $35 shipping for a grand total of $2,631.00. That's a premium of 5.35% over melt value. One lot totals 1.8832 troy oz. fine gold NOTE: I will charge shipping only once per order no matter how many lots you buy. OFFER NO. 2 Fourteen lots of FOUR (4) each US commemorative gold $5 coins at $335.00 each and TWO (2) ea. US $10 commems at $670 ea. for a grand total of $2,680.00, plus $35 shipping for a grand total of $2,715.00. Price is a 5.85% premium over melt value. One lot contains 1.935 troy ounces fine gold. OFFER NO. 3 TWO Lots of Nine (9) each Canadian Maple Leaf gold coins at $1,374 each for a total of $12,366 plus $35 shipping for a grand total of $12401.00. Price carries a 5.01% premium over melt value. Each lot contains 10 oz. fine gold. NOTE: I will charge shipping only once per order no matter how many lots you buy. 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 Three lots of Offer #3 but if not available will take One lot of Offer #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 not reach me timely. Please include your name, shipping address, and phone number in your email. Surprising as it is, 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. We will read your mind, but will have to charge you three times the price. Cheaper if you just supply your information so I don't have to 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. - 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 Prices</b> Hit 4-Month Lows with Euro, Defy Falling Bond Yields <b>...</b> Posted: 29 May 2014 06:48 AM PDT GOLD PRICES fell at the start of London trade Thursday, steadying at 4-month lows around $1252 per ounce while bond prices jumped once again – pushing world interest rates lower – as new US data showed the largest single economy shrinking faster than analysts forecast at the start of this year. Briefly spiking to reverse that $5 drop as the US GDP number was released – showing 1.0% contraction annually for Q1 – gold prices have now dropped nearly $40 from last week's finish, 2014's third sharpest weekly loss to date. Silver followed and extended the drop in gold prices, briefly touching the lowest level since July 2013's three-year low on the Comex front-month contract at $18.75 per ounce. European stockmarkets reversed earlier losses after the US GDP data, while major-government bond prices rose to push benchmark yields down to 1-year lows. "You have central banks saying they'll do everything in their power to keep rates low," Bloomberg quotes Cathy Roy at $13 billion bond funds manager Calvert Investments. "This is an environment we're going to be in for a long time." Tumbling US Treasury yields "should theoretically be bullish for gold" says INTL FCStone's daily note, "[but it] seems to be having the opposite effect." Demand for the relatively higher yield offered by US debt over German and UK bonds is pushing the US Dollar higher, notes Finance Yahoo's senior columnist Michael Santoli. Ahead of Eurozone rate cuts or QE-style asset purchases widely expected at next week's European Central Bank meeting, the single currency today joined the Dollar gold price in hitting 4-month lows on the FX market. "The breakdown in gold prices could suggest a reverse in falling TIPS yields," said a note from investment advisory GaveKal Capital earlier this week," looking at inflation-indexed bonds. "In this extraordinary time in financial market history," says former floor trader and private analyst Dan Norcini – also noting on Wednesday the close connection between gold prices and TIPS yield spreads vs. conventional bonds since early 2013 – "the market remains quite unsure about the future of inflation." After accounting for inflation, said a note from Deutsche Bank analysts last week, lower US Treasury yields "[should] introduce a more supportive environment for the gold price." Because lower real yields reduce the opportunity cost of holding gold over cash. Incentives offered to would-be gold borrowers by London bullion bank lenders to compensate them for lost cash interest today rose to the highest level since end-March, and rising sharply from last month's near 1-year lows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| <b>Gold Price</b> "Can't Rise" as Weak Asian Demand, Technical <b>...</b> Posted: 25 Jul 2014 06:05 AM PDT GOLD PRICES headed for their lowest Friday close in 6 weeks in London today, trading sideways at $1295 per ounce as European stock markets failed to follow Asian equities sharply higher on the day. With Shanghai's stock market closing the week 2.9% higher, Shanghai gold prices ended 1.5% down at the lowest since 19 June. India's Gems & Jewellery Export Promotion Council said gold bar imports to the world's former No.1 consumer nation doubled last month from the same month in 2013. But in what Reuters calls "a seasonally slack period", improved supplies have seen Indian premiums over London gold prices halve this week, falling as low as $5 per ounce vs. late 2013's record level of $160 when the current import curbs first hit. "In our opinion," say analysts at Commerzbank in Frankfurt, "the weak gold demand figures out of Asia – not only China – preclude any rise in gold prices." "Positive economic data put a dampener on the gold market," reckons an Asian trading desk quoted by Reuters, "as risk assets caught a bid and safe-haven buying dried up." "It will be political events that provide the market with some potential direction," says a Singapore dealing note after warning yesterday morning that gold and silver "look[ed vulnerable to a correction lower." Islamic State fighters seeking a medieval caliphate today claimed they'd over-run a Syrian army base. The Gaza death-toll from the last fortnight's conflict with Israel was today put above 800. Moscow's stock market meantime fell hard as Dutch and Australian police reached the crash site of Malaysian flight MH17 in eastern Ukraine, dropping 2.1% for the week – but holding well above this spring's 4-year lows – after the Russian central bank surprised FX traders with a half-point hike on interest rates. Now at 8.0%, Russia's key overnight rate is only just ahead of Russia's latest inflation reading. The Ruble rallied against the Dollar, but the British Pound fell to 1-month lows as UK GDP data met analyst forecasts for 3.1% annual growth. That buoyed the gold price in Sterling at £762 per ounce, down 0.7% on the week. "Gold plunged Thursday," says London market maker Scotia Mocatta's New York desk in its daily note, "falling below both the 100-day and 50-day moving averages." What Scotia's analysts call "bearish trend and momentum indicators" are now "providing for ample room to the downside." "The current correction should fetch 1285/81, mid-June highs," says technical analysis from Societe Generale, after the metal "failed to establish itself" at late-June's return to April's high of $1331. Gold prices, the SocGen note concludes, will now need "a break above [July's] steep resistance line" coming down from the peak at $1345 and now sitting at $1300 "to prompt positive signals." |
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