Gold price | Silver and <b>Gold Prices</b>: <b>Gold Price</b> Made a V-Bottom Overnight at <b>...</b> |
- Silver and <b>Gold Prices</b>: <b>Gold Price</b> Made a V-Bottom Overnight at <b>...</b>
- Long Cycles And Trend Changes: <b>Gold Price</b>, Dollar, S&P500 | Gold <b>...</b>
- The <b>Gold Price</b> Gave Back a Lethargic $3.80 to Close at $1265.10
- The Truth About Where <b>Gold Price</b> Is Headed :: The Market Oracle <b>...</b>
- Century-old London <b>gold price</b> benchmark starts makeover
- <b>Gold price</b> falls on first full September trading day | MINING.com
| Silver and <b>Gold Prices</b>: <b>Gold Price</b> Made a V-Bottom Overnight at <b>...</b> Posted: 05 Sep 2014 06:29 PM PDT
The GOLD PRICE grew today by -- are y'all ready for this? -- seventy cents to $1,265.80. Silver took out her tweezers and plucked 1.8 cents from somewhere, rising to 1908.2c. A five day chart shows that gold yesterday made a V-bottom overnight at $1,258. Good, but gold must hold above $1,262 to verify that. The SILVER PRICE five day chart resembles gold's, with a V-bottom yesterday. Must hold above 1900c. Considering the ECB's surprise party this week and the dollar's rise, silver and gold held up pretty well. In spite of dollar strength, they held on. That's the best thing I can say for them right now. Wait, Moneychanger! Are you giving up on metals? Not on your life, but this will play out until a docile, gullible catches on to the Federal Reserve's printing scam. Or until yet another financial crisis blows up. Nothing has changed. Nothing has been reformed. No heads have rolled. If the cause (inflation) hasn't changed, then the result (the gold and silver bull market) won't change, either. Be patient, be patient. Now is the time to buy, not jump overboard. That announcement threw the euro over the cliff and sent people jumping onto the US dollar, the only horse in the corral not lame in two feet. Dollar index gained 1.12% while the euro lost 1.59%. Today the Dollar index closed off one basis point at 83.79, and that probably marks the move's limit. Euro rose slightly, 0.9%, to $1.2951. Yen rose 0.21% to 95.17. The dollar is so overbought, and the yen and euro so oversold, that they need at least a relief correction to work that off. S&P500 today made a new high at 2006.68, up 9.16 or 0.46%. Dow added 67.75 (0.4%) to close at 17,137.36, not quite equal to 16 July's high at 17,138.20. The S&P500 had posted a key reversal on Wednesday and Thursday, but cancelled that today with a higher close. It still appears to be rolling over. Dow, also, looks gravity bound. A close below 17,000 or 1990 would drag down stocks like wearing concrete overshoes swimming off Long Island.
The Dow in Gold made a high at December's end at 13.80 oz (G$285.27 gold dollars). It dropped into March to 11.62 ox ($240.21) , then climbed to an early June high at 13.53 oz (G$279.69). From that June high it fell into early August to 12.45 oz (G$257.36). From there it climbed again to 13.53 oz today. Question here is, Can it climb higher or will resistance here stop the DiGs? Indicators whisper that it is topping.
Dow in silver painted a rising wedge from June 2013 through June 2014 when it topped at 892.99 oz (S$1,154.57 silver dollars). In June the DiS dropped out of that rising wedge, then predictably dropped to 787.85 oz (S$1,108.63), below the 200 DMA. It rallied from mid-July to 894.40 oz (S$1,156.40) yesterday, a new high. Both these charts appear to be forming double tops. Dow in silver could climb as high as 912 oz (S$1,179.15). Gold must not rise higher than 2% above the 13.80 top or 14.08. Why am I wasting your time with this? Because these indicators must turn down before silver and gold can turn up. Until they turn down, the Federal Reserve's paper money scam is working. Y'all enjoy your weekend! 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long Cycles And Trend Changes: <b>Gold Price</b>, Dollar, S&P500 | Gold <b>...</b> Posted: 04 Sep 2014 11:55 AM PDT Several markets seem over-extended and about to reverse their current trends. S&P 500 Index: It bottomed in March 2009 about 670 and is currently about 2,000. The S&P, thanks to QE, ZIRP, Central Bank purchases, and who knows what other contrivances, has levitated to the magical 2,000 level. Will it go higher? Dollar Index: The dollar index, currently about 83, is well below its high in 2002 at about 120. However it is also well above its 2008 low around 72. Will capital flows into the US and the fear trade continue to levitate the dollar? Gold: Gold prices peaked in August 2011 about $1,920 and today gold sells for about $1,270. However, prices have retreated to 2010 levels but are still far above the lows in 2001 at about $255. Is gold ready to rally? What about cycles?
S&P 500 Index: Consider the following graph of monthly prices for 30 years. The blue vertical lines are drawn every 81 months – about 7 years. Note the highs in 1987, 1994, 2000, 2007, and 2014, and note the current "over-bought" condition of the S&P as indicated by the MACD and TDI indicators. This graph does not conclusively inform us that the S&P is ready to correct, but it does indicate that the S&P could be forming a 7 year cyclic top with a low due perhaps in 2016 – 2019. Dollar Index: Consider the following grAph of monthly prices over nearly 30 years and the vertical blue lines every 75 months. Note the alternating high – low pattern with a high in 1989, low in 1995, high in 2002, low in 2008, and possible high in 2014. The dollar index might move higher and take longer but it could be topping now. The monthly TDI is modestly over-bought and the weekly (not shown) is strongly over-bought. The dollar index could be peaking. Gold: The gold chart shows 20 years of prices with Blue vertical lines every 56 months. Note the lows in 1999, 2004, 2008, and 2013. Gold appears to have made a long term low in 2013 – 2014 and has built a base from which another rally should appear. The MACD and TDI indicators are oversold and indicate strong rally potential. Further, my long-term empirical gold model indicates that current gold prices are too low by about 20%, which will provide a "tail-wind" for gold prices over the next several years, independent of massive QE, more wars, dollar weakness, and economic slumps that create even more unpayable debt. Given the troublesome economic conditions in the world and potential expansion of war in the Ukraine, Iraq, Syria, North Africa, and elsewhere, there is considerable risk that the S&P could fall substantially and a strong probability that gold will rally. Furthermore, there is a growing global movement away from the use of the dollar in global trade, led by China and Russia, and that bodes poorly for long-term dollar strength, particularly as cycles indicate a potential top due in 2014. A fall in the dollar would likely be accompanied by a rise in gold prices. Markets can move farther and take longer than most people expect, but it is certainly time to consider that the S&P is quite high and ready to reverse its five plus year uptrend, and that gold is too low and set to reverse its three year downtrend. Additional Reading: Gary Christenson | Deviant Investor NEW: Check Gary Christenson's brand new book site at GEChristenson.com | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The <b>Gold Price</b> Gave Back a Lethargic $3.80 to Close at $1265.10 Posted: 04 Sep 2014 04:33 PM PDT
Today the GOLD PRICE hit a high of $1,279.20 then was trashed by the ECB's surprise party. Closed near the low of its range. Yet, in all this the gold price remains simply within that downsloping channel from the July high, in fact, not quite at the bottom line. Considering the strength of today's stroke, gold acquitted itself quite well. The SILVER PRICE closed below that downtrend line from the August 2013 high, and barely above 1900c support. On news about as bad as an announcement that alchemists had learned how turn mulch into silver, silver dropped four point four measly cents. Silver is acting as if it is sold out, that is, not attracting any new sellers. Unhappily, that ain't no recipe for success. Got to have buyers to raise the price. Best thing that can be said for silver and gold is that a large skunk sprayed all the markets, but silver and gold don't smell too bad. T'aint much, but 'tis something. When governments or central banks throw a surprise party, all bets are off. Today the European Criminal Bank threw a heck of a surprise party, announcing (1) an interest rate cut from 0.15% to 0.05%, (2) cutting the interest rate on funds held at the ECB (think "Federal Funds" in the US) to negative 0.2 percent (yes, they are charging banks to hold reserves), and (3) an asset-backed securities and bond buying program, as much as E500 billion ($691 billion) over three years, or US$230 billion a year, about US$20 billion a month, small by Federal Reserve standards. In plain English, the European Central bank is going to inflate. The ECB news sent the US dollar index screaming up 93 basis points (1.12%) to 83.80, highest close since 11 June 2013. That's a gigantic move for a currency. Euro fell 1.59% to $1.2941, it's lowest since 10 July 2013. That sets up a further drop to target the last low at $1.2755. It appears the deal has been cut long ago to let the dollar rise and the euro drop. Come on! These things don't happen without consultation and conspiracy. Japanese yen lost 0.3%, all yesterday's gain and then some for a new low for the move. It ended at 95.05. All this currency turmoil has made the US dollar look better and pay more interest, a prime determinant of exchange rates. Ten year treasury yield rose 1.58% to 2.448%. That brings the 10 year yield near its 50 DMA (already above the 20 DMA) and not far from the bottom boundary of the triangle it broke down out of in August. Needs to climb over 2.5% to prove itself. The ECB's currency tricks did not please US stocks. The Dow gave back 14.16 (0.08%) to close at 17,064.12. S&P500 dropped 3.8 (0.19%) to 1,996.92, below the fabled 2000 mark. I'm no more'n a natural born durned fool for Tennessee, so I cannot peer into the deep thangs of the cosmos, but theseyere lines on charts fascinate me. S&P500 today closed below an internal uptrend line (it marked the rising wedge's lower boundary), and it is dropping on rising volume. That means that there's a feedback loop: faster it falls, more folks sell. Momentum indicators appear to be rolling over earthward, as for the Dow's. Dow in Silver exceeded the 1 June high at 892.22 by closing up 0.58% to 894.40 oz (S$1,156.40 silver dollars). It has reached turning-green overboughtness on the RSI. Some time ago I calculated a possible target at 912 oz (S$1,179.15). We might see that. Dow in gold rose today 0.23% to 13.48 oz (G$278.66 gold dollars). This takes it above the downtrend line from the 13.80 oz top in December. Pondering both these indicators and their last 10 months' trading, I keep getting the picture that both are presently double topping, or will have by sometime next week. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Truth About Where <b>Gold Price</b> Is Headed :: The Market Oracle <b>...</b> Posted: 06 Sep 2014 07:34 AM PDT By: Chris_Vermeulen
Let me start out by painting a picture for you. This is my technical analysis overlaid on the price of gold. This simply gives you a visual of were the price of gold is trading. But first, if you have not yet seen this "Gold in the USA" infographic you must check it out... it shows the history of gold in a visual format, and you will likely learn something from it - Click Here Gold Holds Long-Term Bearish PatternGold peaked around 1900 in September 2011 and quickly fell to the 1550 area. The metal then consolidated for 18 months before it broke support. The sharp decline triggered a drop in price to $1200 in April 2013. Since then gold has been in another consolidation, which is a bearish continuation pattern. The lower highs in 2013 and 2014 reflect weakening demand and increasing selling pressure at lower price levels. A break down in price below support would trigger further weakness and a drop to roughly $900 oz. If you want more of a bearish visual; see my August gold report. Gold Bullish Outlook Signs of a BottomSIGN #1: Gold is technically still in a down trend but it may be quietly forming a bottom. This is how bull markets often start. First it declines in value to a point which breaks the most steadfast bulls. And it does this by relentlessly losing value for an extended period of time. If the market doesn't shake you out, it will wear you out! Gold is no longer talked about by the majority of participants, nor is it talked about every day in the media. Simply put, everyone is bored of the low price and sideways trading the past couple of years. SIGN #2: The key to front running the next rally in gold is to watch the price of gold stocks. They typically lead gold. So when gold stocks start outperforming the price of gold along with the HUI gold stock index we can expect the price of gold to follow a few days or weeks later. Gold stocks as a whole have not yet started to outperform gold. But if we look at the HUI/Gold ratio it is at extreme levels. This is the same level we saw in 2001 before gold and gold stocks rocketed higher for several years. The ratio is not something you should trade off of, but it's a good confirmation indicator that gold stocks are priced fairly. SIGN #3: Looking at what the price of gold has done over the past 40 years 12 months before interest rates have been increased is very interesting and not something many traders know. With interest rates expected to rise in 2015 this is a statistic that should be reviewed. Numbers do not lie and historical charts show the price of gold rising an average of 20% within the year before interest rates rise. And in case you happen to miss the first 6 months of the move, do not worry. Most of the rally takes place just 6 months before rates go up. SIGN #4: September is the strongest month for gold each year when looking at the 32 year seasonal chart. The odds favor higher prices this month. Likely not enough to spark a new bull market, but may build a base in the price. Gold Forecast and ConclusionOne day these weeks gold will breakout down from of this consolidation pattern or breakout and rally from this basing pattern. Which way is the question we are all wondering. Anyone who clearly states gold has bottomed and to buy is taking a stab as being a hero and to say what the masses want to hear. Sure, it sounds great, but it's BS. From a price and technical standpoint gold remains bearish or neutral at best. Until price clearly breaks out from this range you should trade with caution and small position sizes. However, when/if gold starts to rally it is likely best to jump on the train rather than wait for a pause or pullback in price after the breakout. It may just keep on rising until $1550 is reached. Watch My Daily Gold Video Analysis at TheGoldAndOilGuy.com Automated Investing System for the Average Trader: www.AlgoTrades.net Chris Vermeulen Join my email list FREE and get my next article which I will show you about a major opportunity in bonds and a rate spike – www.GoldAndOilGuy.com Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com. There he shares his highly successful, low-risk trading method. For 7 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return. This article is intended solely for information purposes. The opinions are those of the author only. Please conduct further research and consult your financial advisor before making any investment/trading decision. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis. © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Century-old London <b>gold price</b> benchmark starts makeover Posted: 04 Sep 2014 03:04 PM PDT LONDON – The operator of the London gold price benchmark said on Thursday it formally started the process to find a new administrator for the century-old mechanism that will halt the telephone call that four institutions enter twice a day in favour of an electronic solution. The London Gold Market Fixing (LGMFL), along with the London Bullion Market Association (LBMA), said in a statement that the choice will be announced in October, and implementation will be complete by the end of 2014. The price-setting process, also known as the fix, has been used by producers, consumers and investors to trade gold and value their shares since 1919. A similar process to find a new price benchmark administrator recently took place in the silver market. That yielded an electronic auction mechanism that replaced a daily conference call with three banks on August 15. As it happened for silver, the LBMA is again launching a consultation among market participants, including central banks, miners and refiners, to assess how they would like the new price mechanism to be derived. The London platinum and palladium market also launched an RFPs process that is looking for a new administrator and appointed an independent chairperson in August. Regulators across Europe, the US and Asia have scrutinised financial benchmarking processes following the Libor manipulation case in 2012. The Chicago Mercantile Exchange (CME), which won the contest to administer the silver benchmark, jointly with Thomson Reuters, was the first to confirm its interest in bidding to operate the gold process too. But the search for the new gold administrator will not be restricted to the companies that bid to replace the silver benchmark, which included the London Metal Exchange (LME) and US derivatives exchange Intercontinental Exchange among others. Bank of Nova Scotia, HSBC, Societe Generale, and Barclays, making up the LGMFL, operate the gold fixing. Deutsche Bank withdrew in May after two decades. Edited by: Creamer Media Reporter To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| <b>Gold price</b> falls on first full September trading day | MINING.com Posted: 02 Sep 2014 12:50 PM PDT On the Comex division of the New York Mercantile Exchange, gold futures for December delivery on Tuesday suffered its worst trading session in months, dropping to a near 3-month low. In afternoon trade gold was changing hands for $1,265.20 an ounce, down more than $22 an ounce or 1.7% compared to yesterday's closing price. The metal hit a day low of $1,263.10 in morning trade, the lowest since June 12. The 2014 low for gold is $1,244 reached June 2. The latest retreat in the price which pares the metal's gains for the year to just under 5% comes on the back of a surging dollar. The US currency hit a year high against the euro on Tuesday, boosted by data showing manufacturing activity in the country rose to a three year high in August. Gold and the dollar usually move in opposite directions. Year-to-date, the gold-euro cross has risen 10.5% compared to the 5% gain in gold in US dollar terms. Safe haven buying spurred by the turmoil in Ukraine and Iraq, also appears to have waned. Reuters quotes Ross Norman, CEO of bullion broker Sharps Pixley: "It's when the dollar hits big numbers that gold gets punished and this is clearly one of those moments. "There is a lot to be concerned about on the political and economic front (but) people tend to get inured to the idea of bad news and it doesn't affect them anymore." Silver futures for December delivery also retreated sharply, falling 1.5% to $19.19 an ounce in afternoon trade after touching $19.11 earlier in the day, the lowest since June 10. |
I will be honest, it has been a long time since I have been excited about gold, but I am starting to like gold once again. I had grown too bored to care what gold did. With the bull market top in 2011, and four years later price continues to founder can you blame me?
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