Commodity Trade Mantra

Posts Tagged ‘Gold Chart’

Gold offers Insurance, but Silver Additionally offers Better Profit Opportunities

Hike or no hike, there is no place for the gold and silver bulls to hide. Silver is slower to move than gold, but it has more room to move and this delivers better profits. The similarity in the patterns on the gold and silver charts means the silver price follow the behaviour of the gold price. The best trade is to watch gold and execute the trade on the same price move in silver.

Look at the Long-Term Gold Chart for the Trend in Gold Futures

From the 2011 high, a downside correction emerged in gold prices. According to traditional Fibonacci theory, the 2011-2015 pullback did not harm primary uptrend in gold prices. That means the gold tide remains bullish. Pullbacks in the tide are waves that could be used as buying opportunities. If gold takes a short-term hit, this could offer a “wave” within the tide.

Gold and Silver: The Precious Metals Sector and the Federal Reserve

There has been no major correction in the gold and silver market all this year, which is inflated after months of rallying, and we will look at some evidence here that the correction may have considerably further to go, in points terms if not in time terms. If the dollar rallies, gold could get whacked, but would be expected to be followed by a reversal & thus present a MAJOR buying opportunity.

Buying Gold will be the Correct Move in this Price Correction

Gold has arrived at an important target on its 10-year arithmetic chart – a trendline target, which is a good point for it to react back, which is made more likely by the latest extreme COT & sentiment readings. Such readings usually, but not always occur at a top or ahead of a reaction or period of consolidation. Should it succeed in breaking above this trendline, the $1.550 level may soon be seen.

Gold and Silver Rally to be Fuelled by More Monetary Easing

July has not been kind to either market, with gold falling 4% lower from the month’s high, while its silver lost 9%. Easing is back on the table in the UK, while the ECB and Japan are also likely to be more dovish. From a technical point of view, both markets seemed to be primed for a sharp rebound, with silver in a descending triangle and gold in a symmetrical triangle.

Gold And Silver Remain Unchanged - It's The Paper Currencies That Got Smashed

It is ironic that many say there is already a bull market in gold and silver. The fact that it takes more and more Euros or Pounds to buy the same ounce of gold or silver is an acknowledgement that the fiat paper has lost more of its perceived imaginary value. Gold and silver remain unchanged. It is the deteriorating so-called “value” of fiat currencies that have worsened economic conditions.

Deflation Scares Central Bankers - Can Gold Be Their Biggest Ally?

Every Central Banker dreads deflation. They’re doing everything they can to generate a 2% annual rate of inflation, but can’t get it. Well, the last thing you want to see is the gold price going down. If prices continue to drop, they fall to a point where they start to impact jobs. Drilling rigs & mines shut down. So in-fact, they want gold and silver prices, copper & oil prices to go higher.

The Fed is Data Dependant - Gold Price is Dollar Dependant

Rising gold holdings have been the one bright spot for the gold price that has held steady even in the face of weakness on the gold chart. The big question the market is going to be asking is can the Fed indeed hike rates at a pace that would send the US Dollar higher with all the negative side effects from that. Much depends on what the Forex markets do with the US Dollar.

Why Investors See Higher Gold Prices In 2016 - Here Are Six Reasons

Precious metals remain the 2016 commodity leaders, with silver posting a huge 25% gain & gold prices showing a 21% rise. The year is off to a good start for gold investors. But, the party may have just begun. A bevy of economic, monetary, currency and technical factors continue to develop in gold’s favor, which argue for the potential for higher gold prices in 2016.

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.

Gold And Silver – Quarterly, Monthly Charts & Analysis

The monthly silver chart shows how the effort to keep price suppressed is reaching or has reached a breaking point. The net gains to the downside are smaller and smaller as can be seen by comparing the 3 different trading ranges. Sellers seem to be at risk of losing control to the buyers, as sellers seemingly, can’t move price lower & keep it lower.

Gold Prices From 1971 To 2014 in 3 Waves

Focus on the monthly gold chart, which has been divided into 3 phases since 1971. Gold prices will rally much higher in the next 5 years. Jim Sinclair’s initial target of $3,500 seems very likely by 2016 – 2019. If the powers-that-be choose hyperinflation to deal with their massive debts, then much higher prices are “in play.”

A Trend Change In Gold And Silver Is Developing, Just Not Confirmed

The stage is set and gold has never failed to preserve value, even increase worth, historically speaking. Silver has yet to break its primary down trend line. Weak reactions to price rallies, more especially in an up trend as seen in last few weeks, lead to higher prices. This market premise does not always hold as true in a down trend.

So How Goes The War On Gold?

Though the war on gold continues unabated judging from the anti-gold rhetoric issued by the mainstream financial press and some of Wall Street’s largest financial institutions, the market for physical gold stands in stark opposition – a reminder that the metal “still clings tenaciously to men’s hearts.”

Gold and Gold Stocks Ahead of the August Payrolls Report

A more likely explanation, at least for this week’s action in gold and gold stocks, is anticipation of the August payrolls report on Friday, given that the payrolls report is considered to weigh heavily in the Fed’s decision making.

Precious Metals Will Rise As the Economic Recovery Disintegrates

There is no way of telling exactly when the U.S. Treasury Bubble will burst, however fundamentals are now pointing back in favor of the Precious Metals – Also looks like bullion banks are now on the “Bullish Side” of the big move up in Gold and Silver.

Gold Speculation And The Comex

Every Friday, the Commodity Futures Trading Commission publishes data that enable analysts to ‘take the pulse’ of various Commodity Markets. […]

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