By: Chris Mullen, Gold Seeker Report - 28 September, 2018
Gold dropped $3.40 to $1180.90 in Asia, but it then jumped up to as high as $1193.60 by late morning in New York and ended with a gain of 0.62%. Silver surged to as high as $14.714 and ended with a gain of 2.52%. Full Story
Contrarian investors continue to buy cheap financial insurance and are accumulating gold and silver coins and bars on this price dip. Precious metal prices can go lower in the short term but falls to the downside are likely to be mild while the potential upside is very substantial. At these depressed prices, canny contrarian investors are adopting the investment adage – buy low and sell high. Full Story
Focus over the next two weeks will be on fundamentals. Currency prices will be dependent on comparative growth rates for the next six months. Growth rates and inflation trends will dictate the interest rate cycle which in turn will affect gold and silver prices. Industrial metals trend will be dependent on Chinese and American growth outlook. Next week’s US September various jobs numbers will be the key. Full Story
By: Avi Gilburt, Elliott Wave Trader - 27 September, 2018
Regarding the common perception that we remain in a bear market in gold, with levels below $1,000 to come, I simply do not agree – especially as long as we hold our support box (holding above $104 on the GLD). In fact, this type of sentiment is exactly what we need to see when we are bottoming in a larger degree wave ii, as I suspect we are. Full Story
We’ve seen myriads of signs pointing to lower precious metals prices in the past months, weeks, and days. We even discussed how ridiculously similar the current situation is to what happened in 2013, right before the $200+ decline in gold. But the final bearish confirmation usually comes from the silver market and this time is no different. Full Story
The gold/silver ratio, calculated by simply dividing the gold price by the silver price, may be signaling the end of the bear market in metals is drawing near. That could be good news for gold investors and great news for those who hold silver. Full Story
– Growing fiscal gap in U.S. is viewed as ‘positive’ for gold bullion – Goldman has joined the chorus of bulls, seeing gold at $1,325/oz in 12 months – Increasingly bullish gold calls follow Ray Dalio’s warning on U.S. dollar crisis: dollar will “plunge” as the U.S. government “prints money” Full Story
A Trump trade deal with South Korea can result in a fall in gold and silver. There will be increased optimism that all nations will fall in line. Beneficiary on the trade deal are US farmers. US farmers are Trump’s key voter base. A Trade deal with China will not be easy as they are not dependent on the USA for their exports. US inflation will zoom if there is a full scale trade war with China. Full Story
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