Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed Lower at $1,246.80 |
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed Lower at $1,246.80 Posted: 09 Sep 2014 05:43 PM PDT
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.  | ||||||||||||||||||||||||
| Currencies Break, <b>Gold Price</b> Not | Gold Silver Worlds Posted: 09 Sep 2014 03:21 PM PDT This is a guest post by Alhambra Partners. Go to the website for information on Alhambra Investment Partners' money management services and global portfolio approach to capital preservation. With credit markets in Europe and the US taking a bit of a pause for profit-taking or reassessment, it is notable that currencies have not. The euro finally broke free of what looked like a steady range, though unfortunately to the downside. While that may be celebrated by orthodox economists in Brussels and elsewhere, it should not as such devaluation has led to no place good in the recent past. While they continue to "fish" for economic growth via debasement, they should be looking to Japan for a realistic assessment of just how much worse such interference and instability makes economic function. The yen too has broken free of its range, curiously for much the same reasons. The lack of actual economic progress (really, like Europe, expectations for progress, even diminished, are now being downshifted further to nothing more than hope it doesn't outright deteriorate significantly from here) has "markets" looking for the "easy" way out. Currency intrusion seems to be the path of least resistance for central banks and their central planning, yet it may actually be the most poisonous of prescriptions. The yen has touched a low against the dollar last seen at the outset of 2014 when expectations for further QQE were highest. With the currency now breaking out of what was a very steady trend, Japan is actually courting very real danger and not just from the same impoverishment that it has undertaken since Abe took office. At some point, Japan's currency will not be "worth" the claims it supposedly represents, and when that happens investors no longer will hold the currency and attempt to exchange that derivative claim to something more like real property – underlying Japanese assets themselves. This is a kind of parallel to Gresham's Law written into the fabric of a currency collapse. Such a trend need not be hyperinflationary, but it is always preceded by economic distress that stubbornly remains despite ever-increasing means to displace it. That, too, binds the yen and the euro, as the euro cross with the Swiss franc touched a low not seen since November 2012. Again, that occurred last week while bond markets were retracing dramatic flatness and spread compressions (swaps). There isn't much deeper analysis to be had at this point, only that with such major crosses now outside their "comfortable" ranges of late there is a distinct elevation in both risk and uncertainty (the two, obviously, related). Curiously, however, the ultimate indicator of such risk, gold, has remained in its rut while these other pieces notoriously shed such contented framing. The $1,300 level still looks like the relevant anchor or really axis by which gold prices are gyrating. I still believe that at some point prices here will begin to react to such apprehension as displayed by currencies now exiting toward more unknown terrain. Given the state of complacency, maybe it makes sense that more is "needed" before uncertainty turns toward fear. Central banks have been at least "successful" in that respect, though these latest developments are very real erosions of faith that such was lasting, or even real. Click here to sign up for the free weekly e-newsletter of Alhambra Partners. |
| You are subscribed to email updates from gold price - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 Comment for "Silver and Gold Prices: The Gold Price Closed Lower at $1,246.80"