Commodity Trade Mantra

All posts under ‘Gold Trading’

Gold Plunges Below "Crucial Level", Lowest Since Oct 2009

Over 18000 contracts dumped sending gold futures prices to Oct 2009 lows. As Goldman notes, in Gold, the critical level is 1,068-1,066. In Silver, support spans 13.98-13.83. The fact that oscillators are diverging positively suggests that price may be attempting to stabilize. A break lower would warn that the market hasn’t yet completed its impulsive decline.

Data Proves The Death Of Paper Gold And Silver

Something interesting happened with the net build of both Gold and Silver ETF’s after 2010. When we study the difference in paper gold and silver buying versus physical bar and coin in the past five years… there’s just no comparison. Investors purchased record physical gold and silver bar and coin while staying away from the paper ETF’s with a ten foot pole.

Is Gold Now Set-Up For A Move Higher?

The bullion banks have quietly shifted their trading book to a net long position. And, the hedge funds & small retail traders have taking the other side of this & have gone significantly net short Comex gold. It is very rare for the hedge funds to run a net short position. The last time when hedge funds were net short was in early 2000 right before the bull market in gold was launched.

Can Investors Really Trust The New Gold Price Fixing?

The discontinuation of the previous gold price fixing doesn’t mean that price manipulation has ended. The modern procedure definitely represents progress though. Gold market manipulations are in any case mainly performed in the futures markets. They are merely more frequent and stronger during the fixings. Gold price manipulation continues.

Gold Prices Nearing a Secular Support

The long term chart of gold shows that we are very close to secular support, which goes back several decades. Old resistance becomes support, so the 1980 and 2008 peaks will be acting a strong support. Moreover, support coincides with the psychological level of 1,000 USD. In sum, we believe the downside is limited. We have reached huge support areas in 3 leading assets.

Rate Hike Or No - The Fed Will Not Kill Gold

The Fed either raises rates by 25 basis points in December, or it doesn’t. Both scenarios are actually bullish for gold. Doing nothing is good for gold for obvious reasons. But if they actually do hike, the gold market has already discounted the rate increase, likely factoring in substantially more than 25 basis points.

The Undeniable Truths about Gold and Silver

The reasons to own gold and silver are getting more compelling than ever. What really gets the goat of gold and silver investors is that, despite very good fundamental reasons to own the metals, somehow those fundamentals never show up in the price. The price action in recent years is enough to make gold and silver bulls question reality.

US Mint Sales of Gold Coins Fall In October After 234% Surge in Q3

In historical comparatives, demand for gold coins in October was 38th lowest by total weight and 56th lowest by coins counts for any month from January 2006 through present. October sales saw significant decline in demand for gold coins in 7 out of 10 years. In other words, October tends to be a more bearish month of U.S. Mint gold coins sales.

Gold, Oil, & 'Grandmaster' Putin's Trap

It is important to keep in mind that the dollar’s attacks on gold end always end the same way – in a painful knockout for the dollar. It would be naive to believe that this is unknown to that grandmaster of patience, Vladimir Putin. By systematically increasing their gold reserves, Russia and China are relentlessly moving forward to strip the US dollar of its status as a global reserve currency.

Gold And Silver Short Sellers Remain In Control

The decline in gold and silver does not appear to be over. The signs leading to what may be another temporary bottom were negative. A reaction rally can be expected, even next week. What will be critical to watch is how the rally develops because the probability is that the reaction rally will be temporary, even if price rallies back up.

About 38% Of All The COMEX Gold In Hong Kong Left The Warehouses Yesterday

Very little gold bullion actually changes hands or goes anywhere in the Comex US. But Hong Kong is typically seeing large inflows and outflows of gold. Because that is how the precious metals market has been manifesting in Asia since about 2007: not with endless chains of paper just changing hands in a grand game of liar’s poker, but with the physical exchange of bullion.

Gold Reacts to Increased Odds of a December Rate Hike

India’s plan to tap idle gold may exceed expectations. Appetite for gold in China, which accounts for one-fifth of global investment demand, could fall as the country moves to internationalize the yuan. Gold prices may dip as the Federal Reserve hikes rates. But sustained economic strength in the longer run should start to push inflation higher, helping gold.

Gold And Silver At Make Or Break Level, Dollar Breaks Out Big Time!

Gold is testing right now its August lows. This is a critical price level, gold bulls would like to see this price level hold, otherwise a washout (capitulation-alike) decline could be in the cards. As for silver, it is holding up slightly better. Both gold and silver are trading at a make or break level. Do not underestimate the importance of these price levels.

Deception Rules Gold And Silver Markets, Not Fundamentals

It makes no sense to discuss fundamentals as applied to gold and silver because they are inoperative at the present time, thanks to globalist US central bank manipulation. There can be no doubt that ownership of physical gold and silver will reward their holders. It has been proven so throughout time, and it will prove to be the case this time around, as well.

Shorts Savage Gold Futures After a Hawkish Surprise by the Fed

American gold futures speculators just savaged gold again on their historically-wrong and irrational belief that Fed rate hikes will decimate gold. Last week’s surprisingly-hawkish FOMC statement unleashed furious gold futures selling, battering gold back below its new uptrend’s support line. Futures shorting soon reverses, as those positions must soon be covered.

Comex Registered Gold Hits New Low - Now 293 Oz Of Paper Gold Per Physical Oz

Many vaults continue to see either outright withdrawals of Registered Gold or comparable adjustments. How much longer can this exponential surge in the dilution ratio continue? We don’t know, although with less than 5 tons of registered gold left in the Comex vault system, we hope that the mystery of what is really going on at the Comex will finally be unveiled.

A New Opportunity to Collect Safe Income From Gold and Silver

I’m Not a “Gold Bug,” but I Like the Prospects for Gold and Silver. Today, the dynamics for gold and silver are shifting rapidly. Over the next five years, I believe that we could see prices for gold and silver move higher. I even believe that, both prices could potentially reverse all of their losses from the past several years as investors steadily accumulate gold and silver positions.

Silly Debt, Paper Dies, Gold Thrives

The purchasing power of our debt based fiat currency will be exponentially eroded until the catastrophic “debt withdrawal” occurs. The agony of withdrawal occurs now … or later, when it will be even worse. You can now: Protect your purchasing power with silver and gold, or Trust that purchasing power will not decrease, in spite of 100 years of history.

The Relevance Of Gold - Sprott's 3 Litmus Tests

Some view gold as an inflation hedge, others as a deflation hedge. During times of financial stress, some view gold as an asset to own, while others might view gold as an asset to short, because of gold’s historically inverse relation with the safe-harbor U.S. dollar. Many view gold as the ultimate “risk off” asset, and just as many view gold as the ultimate “risk on” trade.

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