By: Chris Mullen, Gold Seeker Report - 18 January, 2019
Gold fell $10.50 to $1281.30 at about 8:30AM EST before it chopped back higher in morning New York trade, but it then fell back off gain in late trade and ended with a loss of 0.86%. Silver slipped to as low as $15.327 and ended with a loss of 1.29%. Full Story
– History may repeat itself for gold demand and prices as world economy looks set to slow – Three reasons for gold’s extended rally from 2008 to 2011 may be making a comeback – As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in value Full Story
Failure of gold to break and trade over $1304 by the 25th of January will result in fatigue and a fall to $1272 and $1256. This is just a technical view. However sharp dips should be used to invest with a trailing stop loss below $1230 for the end of April and a price target over $1410. Full Story
By: Chris Mullen, Gold Seeker Report - 17 January, 2019
Gold chopped between $1291.40 and $1295.00 in Asia before it dipped to $1288.90 by midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.12%. Silver slipped to as low as $15.457 and ended with a loss of 0.38%. Full Story
Gold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S. Caution among traders had deepened “ahead of a no-confidence vote on British Prime Minister Theresa May’s government and other geopolitical risks, including the U.S. government shutdown, loom large in investors minds,” said Mark O’Byrne, research director at GoldCore. Full Story
The Brexit vote is over. Theresa May survives. Her next moves will be closely watched. Political uncertainty will result in gold trading with a firm bias. Traders will now start taking positions for Tuesday as Monday is a holiday in the USA. The US dollar is firm due to its safe haven status over the Pound and Euro. Full Story
By: Chris Mullen, Gold Seeker Report - 16 January, 2019
Gold edged up to $1292.70 in Asia before it pared back to $1288.00 in London, but it then climbed to a new 6-month high at $1294.90 in New York and ended with a gain of 0.32%. Silver chopped between $15.494 and $15.642 and ended with a gain of 0.13%. Full Story
– Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote – Gold is consolidating in range between $1,280 and $1,300/oz (over £1,000/oz and €1,100/oz) – A break of resistance at $1,300 will likely see gold rise rapidly in all currencies – Physical demand for gold coins and bars has picked up in the UK and Ireland, aided by Brexit uncertainty Full Story
By: Chris Mullen, Gold Seeker Report - 15 January, 2019
Gold dipped $4 to $1287.60 at about 5AM EST before it rose to as high as $1294.70 by midmorning in New York and then fell to a new session low of $1286.90 by early afternoon, but it then rallied back higher into the close and ended with a loss of just 0.19%. Silver chopped between $15.542 and $15.694 and ended with a loss of 0.38%. Full Story
– Turbulent markets and Brexit mean it is essential to consider safer options like gold – You need to take some risk in a portfolio – cash, gold and planning are essential – To build a financial fortune and long-term wealth one must diversify assets and own gold – “Physical gold (bars and coins) can be bought from an online bullion dealer –the likes of Goldcore” writes Jeff Prestridge for This Is Money UK – Gold is considered by many to be a “safe haven in stormy times” Full Story
Fears of a contagion effect of the Chinese slowdown is preventing industrial metals and crude oil from rising. Focus is more on Brexit globally. There is speculation that the UK might now leave the European Union. The Cable will zoom like a space rocket if there is clear information that the UK will not leave the European Union. Full Story
We continue to maintain this is nothing more than a bear market rally. We expect we will see many over the next couple of years. Following nine and half years of a bull market, a bear market should not be a surprise. Except many will believe this is merely a correction similar to what we saw in 2011 and 2015/2016. Those two corrections saw the DJI lose 16.8% and 14.5% respectively. A good definition of a correction. Full Story
By: Chris Waltzek, GoldSeek Radio - 14 January, 2019
OneGold Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc. The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs. OneGold uses VaultChain, a secure, immutable blockchain ledger from Tradewind Markets, the leading innovator in digital precious metals tech. OneGold digital gold and silver are 100% redeemable through OneGold for delivery of physical bullion to customers’ doors. Full Story
For now, we want to own stocks based on their own value and merit. In other words, we want to own stocks that can move without the Gold or Silver price. There will be plenty of time to get into cheap juniors that can triple and quadruple once things really get going. Recall that many juniors began huge moves months after epic lows in January 2016, October 2008, May 2005 and November 2000. Don’t chase the wrong stocks right now. Full Story
Lets start with a 16 year monthly chart for silver which seems like a long time but in the big picture it only shows us a small part of its history. The dominate chart pattern is the 2011 bear market downtrend channel which is almost perfectly parallel. I purposely left the top rail of the 2011 downtrend channel and the top rail of the 2016 triangle thin so you can see the critical area silver is now trading at, red circle. So far this month silver has traded as high as 15.95 which puts it right against the top rail of the 2011 bear market downtrend channel and the top rail of the 2016 triangle. Full Story
By: Rick Ackerman, Rick's Picks - 14 January, 2019
It felt like a mountain of supply sitting on stocks last week, growing more ponderous by the day. By Thursday the broad averages were too fatigued to achieve even minor ‘Hidden Pivot’ rally targets, the still-feisty FAANGs too subdued to help. Of course, just because the market looked punk on a given day does not preclude the possibility that, come the next, traders will conveniently forget what was troubling them. Unfortunately for bulls, however, pulling off this ‘weekend alchemy’ has grown increasingly difficult of late because of the darkening economic picture. It’s not just little stuff, either — i.e., the kind of problems that will lift in time to allow Q2 earnings expand. Full Story
Europe yellow vest protestors will change the long term political landscape of Europe. The yellow vest movement is spreading. There is anger among the native masses over everything. They are also right. A migrant comes and lives on state support. He does all kinds of heinous crimes and lives without the fear of getting arrested. The native European has to pay all kinds of extremely high taxes, works on low wages and gets arrested even on showing dissent against his employer, state etc. The European natives are a “rot in hell” case by their elected political masters. Full Story
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