Commodity Trade Mantra

Posts Tagged ‘Buy Gold’

Why Some Major Financial Firms See Gold Prices at $1,440 to $1,550 Soon

A factor in my positive outlook for gold prices is the growing national debt, now almost $20 trillion dollars, has to be dealt with. It is at about 75% of the gross domestic product, a ratio not seen since 1950, after the budget exploded as a result of World War II. If the federal deficit for next year grows substantially, look for 2017 to be a very good year for gold prices.

After a War on Cash, can the War on Gold be far behind?

The global elites are using negative interest rates & inflation to make your money disappear. One solution to this is to buy physical gold. But if the government has a war on cash, can the war on gold be far behind? Probably not. Governments always use money laundering, drug dealing & terrorism as an excuse to deprive citizens of the ability to use money alternatives such as physical cash & gold.

Gold Prices In Oversold Territory - US Dollar in Overbought; Need We Say More?

When gold prices broke through $1,200 yesterday, it triggered a mass of automated selling and that has pushed the market into extremely oversold territory. If gold prices can hold $1,170 then I think we could see the market bounce back. Another positive for gold prices is the US dollar, which is in extremely overbought territory and due for a correction.

When the Bond-fire has finally run its course, Gold and Silver will Emerge Victorious

Today’s rising interest rates & trillion-dollar losses in global bond markets are prelude to what is to come,- Rising inflation with higher interest rates ending in the bursting of global government bond bubble & long awaited breakout in gold. The battle between capital & free markets is almost over; & when the bondfire has finally run its course, gold and silver will be victors.

What You can Expect from Gold and Silver going ahead

Gold and silver tanked in the aftermath of the US presidential election, as investors grew optimistic about Donald Trump’s plan to lower corporate taxes & boost infrastructure spending. That sent copper prices to their best weekly performance on record. Higher demand for base metals could drag silver prices higher over the long term, later to be followed by a massive rally in gold on high inflation.

Here's What The Most Important Buy Signal for Gold Stocks Indicating Now

One chart signals the time to buy gold stocks more accurately than any other piece of research I know of. Since 2000, this chart flashed a buy signal on gold stocks only three times – And gold prices doubled …while mining stocks tripled, each time. This is the indicator that stands out above the rest and lets you know when it’s a low-risk time to buy gold mining shares.

Price of Gold Could Rise a Lot Higher - In Fact Double

There’s a difference between the narrative, which is what you’re being told, versus the reality of the economic data. It’s in no one’s interest ahead of the election to say the U.S. economy is a mess. If the flood of bad economic data continues, the Fed will almost certainly print more money or cut interest rates. And that could easily send the price of gold through the roof.

Gold may Spring a Surprise on Rising Uncertainty & a Slowing Global Economy

Over the long term, people have realised the benefit of portfolio diversification. Holdings in gold-backed ETFs were 2,051 metric tons by Oct. 14, the highest level since June 2013. In the latest gold and silver COT report, paper players made big strides in bringing the market back into balance & setting the stage for an eventual rebound. The gold market may surprise us again.

Will the US Dollar Die as "New World Money" Goes Live Today? Should I Buy Gold?

Today, Sept. 30, is when the IMF officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar. Does that mean the dollar becomes worthless overnight? Of course not. This is a development with long-term implications, and that’s the point — the dollar will die — but with a whimper, not a bang.

With a Trump Win, Gold Prices Could Soar Sharply to $1750 or even $2000

Citigroup has advised investors to sell stocks & bonds – And buy gold – BEFORE the election, if Donald Trump starts rising in the polls. Their reasoning is that if Donald Trump begins to lead in the polls, gold prices could move up sharply before the election, since markets tend to price-in any expected outcome. ABN Amro Sees $1,850 Gold Prices Following a Trump Win.

Hike Gold Price To Get Inflation When All Else Fails

Raising the price of gold is the easiest way to get inflation. A higher dollar price for gold is practically the definition of inflation. Governments can do this in a heartbeat. The Fed would just declare the price of gold to be, say, $5,000 an ounce & make the price stick using the gold in Fort Knox & their printing press to maintain a two-way market. If you don’t believe this can happen, just check the history books.

Gold Futures Traders Breath Easy as Dovish Fed Powers the Next Major Rally

Gold futures surged after the Fed again chickened out on raising its benchmark interest rate. Gold futures speculators’ fear of Fed rate hikes has been a major drag on gold. Rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into the critical US presidential election. Gold’s next major upleg is likely just unleashed by the Fed.

Surge in Smuggled Gold Hits Indian Gold Refiners, Gold Jewelers & Banks

Smuggled gold could account for over a third of demand this year in India – the world’s second-biggest buyer of gold – potentially costing the government over $1 billion in lost revenue. Gold refiners have less than a 1% margin. If smugglers offer 4 or 5% discounts, they have no choice but to close operations. All 32 refineries in the country have stopped buying dore until market conditions normalize.

Due to Financial Cancer of Debt, Devastation is Our Future- Gold the Only Remedy

The fact that demand for gold is soaring says a great deal about investors’ combined frame of mind these days. People are scared. I fear devastation is in our future. If central bankers had succeeded in their efforts, we would have no need for negative rates. There is simply too much debt (financial cancer) in the system to save it. And buyers of gold know this.

Strength of Gold Against Foreign Currencies Confirms Bull Market Status

If Gold is going up only because of a falling US$, that is a US$ bear market, not a Gold bull market. A Gold bull market is Gold rising against the majority of currencies. Gold’s strength in foreign currencies confirms its global bull market status and provides a hint that more gains for Gold in US$ terms are likely ahead. We view any weakness in the weeks ahead as a buying opportunity.

Why Own Bonds or Fiat With Negative Yield When You Can Buy Gold?

Either way (hike or no hike), there is no place for the gold bull to hide. It took gold approximately 7 months to advance $250 and overcome major resistance at $1,300/oz from a bottom of $1,050. A reasonable target could be $1,550/oz ($1,300 + $250) by March 2017 – 7 months from now. Silver could follow a similar pattern with a near-term target of $26/oz.

Are You Prepared for the Hyperinflation Shock? Get on the Gold Wagon Now!

The problem is that no one is prepared for the coming shock. All of this printing will result in global hyperinflation of at least similar proportions to the Weimar republic or Zimbabwe. The final decline of the currencies will be reflected in the gold and silver prices. Gold at $1,330 and silver at $19 is a bargain, but with hyperinflation, we could add quite a few zeros to their prices.

Brits Pouring Over Half Their Net-Worth Into Gold Post-Brexit

The speed at which the British people are buying gold is unprecedented. We are seeing people convert as much as 40 to 50% of their net worth into physical gold, (compared to) 5 to 10% in the past. The sudden surge in gold sales is more remarkable considering the British historically haven’t shown as much interest in the yellow metal as residents of many other countries.

Unwinding of Excessive Gold Futures Longs - One of the Best Buying Opportunities

Gold sees major interim tops in bulls and bears alike whenever speculators’ long positions surge up to relatively-high levels. While these elite traders don’t control gold’s long-term trends driven by fundamentals, their collective trading can sure bully gold over the short term. The unwinding of speculators’ excessive gold futures longs offers some of the best mid-bull buying opportunities.

The Worst Gold Bear is now the Most Convinced Bull

Less than one year ago, Dutch bank ABN AMRO has put itself on the map by being more bearish on gold than Goldman Sachs. ABN Amro has now released an update report & is now expecting the gold price to end 2017 at $1450/oz. That’s a 75% increase in target price. The downward spiral of the gold price has been broken, and the only way seems to be up.

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