Precious Metal News
Videos | Articles
May 2012 |
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| 05.16.2012 | Gold Will Outperform Stocks, Bonds, And Real Estate When allocating capital to asset classes, investors must analyze the underlying fundamentals before determining which investment provides the best outlook for their investment dollar. The following analysis will describe the outlook over the next 3-5 years for each of the major asset classes: 1. Stocks, 2. Bonds, 3. Real Estate, and 4. Gold. |
| 05.14.2012 | Major Bottom in Precious Metals Could Occur This Week Normally catching a bottom is not difficult. Bottoms tend to occur instantly while market tops form during a process. Yet, I've found that bottoms of long-term significance do not occur instantly. Like tops, they take time to develop. For example, think about late 2008 to early 2009. Commodities hit their price low in December but the bottoming process began in October and wasn't complete until May. Emerging markets hit their low in November but the process began in October and ended in March. Returning to the present, we see that Gold and Silver look set to retest their late December lows. Our work leads us to argue that the metals will successfully retest their lows and soon emerge from what in the future will be considered a major bottom in-line with 2008, 2005 and 2001. |
| 05.14.2012 | 8 Shocking New Forecasts for 2012 and Beyond Nearly two years ago, we downgraded JPMorgan Chase to a Weiss Ratings of D, implying grossly excessive risk taking by the bank. And virtually every chance since, we repeatedly publishing this warning about JPMorgan in Money and Markets, Safe Money Report, and multiple press releases. Then, last week, we jumped online with a video that took our warnings to the next level — with this forecast: "Some of the world's largest banks will suffer massive losses and huge new bailouts will be needed." |
| 05.10.2012 | Gold bull run set for 12th consecutive year: World Gold Council MILAN: Global gold demand is seen steady in the first quarter of this year supported by investment demand which offsets weak demand from India, the world's major gold consumer, a senior official for the World Gold Council (WGC) said on Thursday. |
| 05.08.2012 | Gold Will Go To $3,000 Highly respected economist and strategist David Rosenberg has told that Financial Times in a video interview (see below) that gold "will go to $3,000 per ounce before this cycle is over." Markets are repeating the downturns of 2010 and 2011 and it is time to search for safety, David Rosenberg of Gluskin Sheff tells James Mackintosh, the FT Investment Editor. Rosenberg sees a "very good opportunity in gold" as it has corrected and seems to be "off the radar screen right now". |
| 05.02.2012 | America's "Safest Long Term Investment" Is Gold - Gallup Gold's London AM fix this morning was USD 1,652.50, EUR 1,257.71, and GBP 1,020.44 per ounce. Yesterday's AM fix was USD 1,661.25, EUR 1,253.02 and GBP 1,024.70 per ounce. Gold fell $4.40 or 0.26% in New York yesterday and closed at $1,661.70/oz. Gold rose to over $1,670/oz in early US trading prior to selling capped price gains and the price then fell back to the $1,660/oz level. Gold gradually fell during trading in Asia and this weakness has continued in European trading where gold looks set to test the $1,650/oz level or $1,646/oz, the price low after the $1.24 billion sell trade on Monday. |
| 05.01.2012 | A.M. Kitco Metals Roundup: Comex gold futures prices are trading near unchanged Tuesday morning, but did poke to a fresh three-week high overnight, in quieter conditions. Most of Europe is closed for the May Day holiday Tuesday. The precious metals are consolidating and awaiting fresh U.S. economic data out later in the morning. June gold last traded up $1.70 at $1,665.90 an ounce. Spot gold was last quoted up $1.10 an ounce at $1,666.00. July Comex silver last traded down $0.026 at $30.995 an ounce. |
| 05.1.2012 | Gold Seen Advancing on Central Banks Stimulus Speculation Gold is seen climbing in New York on speculation central banks will add more stimulus to spur the economy. Palladium reached a five-week high. |
April 2012 |
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| 04.30.2012 | Gold is on the verge of a change in trend Gold climbed a set of stairs for most of today's Comex trading session on the 5 minute chart, and is at the upper trendline resistance of a perfectly parallel downward sloping channel on the daily chart. If gold breaks out on a surge in volume I will be extremely focused on trading gold to the long side until there is a reversal or my near term price target of $1,722 is reached. |
| 04.30.2012 | Clock ticking away … I'm looking closely at several signals I have in the markets, especially gold and silver, to see if they can execute some buy signals or some sell signals. But to be honest with you, right now it looks like the precious metals markets, and indeed many other markets, are going to continue moving sideways for a bit longer — into approximately the May 7 to the May 10 period, where I have some short-term cycles that could trigger some trend accelerations or trend changes. |
| 04.29.2012 | Is Silver Finally On Its Way To $40-$50? On February 23, 2012, I provided advance warning of an impending decline in silver to the Seeking Alpha readership, and also provided targets for the decline. On February 28, 2012, we issued a suggestion to ElliottWaveTrader.net members to exit short-term metals positions, and for aggressive traders to even short the market, as the Elliott Wave pattern off the lows had completed. |
| 04.29.2012 | Silver One Year After The Peak: On The Brink Of The Next Big Move It was exactly one year ago this weekend. After a seven-month meteoric rise that began the moment Ben Bernanke completed his now legendary Jackson Hole speech in late August 2010, Silver reached a climatic peak on April 28, 2011. The year that has since passed has been far more humbling for the white metal. But with speculative cleansing comes new opportunity. Although the price activity in Silver is now relatively calm, we may soon be on the brink of its next dramatic move. |
| 04.27.2012 | Gold Still Americans' Top Pick Among Long-Term Investments Gold leads four other types of investments in Americans' perceptions of which is "the best long-term investment," although the 28% choosing it today is down slightly from 34% in August. Traditional savings accounts or CDs have gained in support over this time, rising to tie stocks/mutual funds and real estate as the next-most-valued investments. Bonds rank a distant fifth. |
| 04.22.2012 | How long until silver breaks out of its consolidation phase and heads higher? Due to high value, most gold discovered throuought history is still in circulation. However, it is thought that 80% of the world's gold is still in the ground. |
| 04.19.2012 | Stocks Vs. Gold Vs. Real Estate Due to high value, most gold discovered throuought history is still in circulation. However, it is thought that 80% of the world's gold is still in the ground. |
| 04.19.2012 | CHART OF THE DAY: U.S. Debt Greater Than Eurozone and U.K. Combined With America's debt currently at $15.1 trillion and rising, it's not a pretty picture. The worst part is that the Eurozone and the U.K combined – when taking more than six nations into consideration – is still in debt by 2.4 trillion less than the United States is! If we don't clean up our act and make immediate changes, we may face Greece's fate sooner than we think... |
| 04.18.2012 | Gold/Platinum Ratio Suggests Higher Gold Prices Coming Soon There is an interesting pattern developing on the Gold/Platinum Ratio. This pattern is similar to a previous pattern on the silver chart. Below, is a graphic which features the Gold/Platinum Ratio chart (top) as well as the silver chart (bottom) (charts courtesy of stockcharts.com)... |
| 04.11.2012 | Gold could hike to $2,000 by year-end: Thomson Reuters Around this point in the fractal cycle in the late 70's, Gold busted out of its channel to rise sharply higher, along with Silver. Silver's channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012. The next higher angled resistance bands for Silver run from $112 to $115, and then up at the $123 area. By the end of the Silver Bull, we expect to see Silver reach $500+. |
| 04.11.2012 | Gold Tests Topside Trendline Today And Consolidates Gold tested topside trendline resistance at the $1662.50 area and held resistance (see chart above) On the downside there has been support buyers near the midpoint of the move down from March 27th high ($1654). Overall activity is contained today and waiting for the next directional spurt (up or down) |
March 2012 |
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| 03.29.2012 | Fractal Analysis: 2012 Silver to $70++ Around this point in the fractal cycle in the late 70's, Gold busted out of its channel to rise sharply higher, along with Silver. Silver's channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012. The next higher angled resistance bands for Silver run from $112 to $115, and then up at the $123 area. By the end of the Silver Bull, we expect to see Silver reach $500+. |
| 03.29.2012 | Goldman: Buy Gold, it's 'Too Low' Goldman Sachs and other big banks are setting their sights on a bull run for gold in lieu of presently depressed prices. Commodities analysts at Goldman Sachs are telling traders to buy gold now because of the sharp gold-price decline in the wake of declining U.S. real rates Those analysts predict that gold will jump to $1,785 an ounce within the next three months, $1,840 in six, and $1,940 within the year. |
| 03.29.2012 | Palladium Seen Beating Gold With Record Car Sales: Commodities Investors are buying palladium at the fastest pace in more than a year as analysts predict rising demand and declining supply will turn this quarter's worst- performing precious metal into the best by December. Holdings in palladium-backed exchange-traded products rose 14 percent this year, poised for the best quarter since the end of 2010, data compiled by Bloomberg show. The metal will average $850 an ounce in the final three months of 2012, 31 percent more than now, according to the median estimate of 11 analysts surveyed by Bloomberg. They expect a gain of 15 percent for gold, 13 percent for silver and 9.8 percent for platinum. |
| 03.28.2012 | Oil and Gold Sold Before US Durable Goods, Crude Inventories Data Commodity prices are looking to the US Durable Goods Orders report for near-term direction cues. Expectations point to an increase of 3 percent in February after a sharp 3.7 percent in the previous month. Gold and silver are tracking lower ahead of the outcome as a pickup in US economic data dents expectations for an expansion of Federal Reserve stimulus efforts, weighing against demand for precious metals as store-of-value hedge. |
| 03.28.2012 | Gold, Not Stocks, Wins Over Most Americans Four months into a stock market rally, and Americans are still going for gold. More so than real estate or even stocks, investors call gold the "best investment” according to CNBC’s latest All-America Economic Survey. |
| 03.28.2012 | As The ECB Crosses The Inflationary Rubicon Has Mario Draghi Lost All Control? Having been heralded around the world for solving Europe's crisis, ECB head Mario Draghi confidently states (as does every other central banker in the world) that "should the inflation outlook worsen, we would immediately take preventive steps". However, a recent analysis by Tornell and Westermann at VOX suggests the ECB has hit its limit with regard to its anti-inflationary fighting measures. |
| 03.27.2012 | Bernanke to Cue QE3 in April? The end of an era is upon us. Tax breaks originally put in place by President George W. Bush are over. Additionally, a $1 trillion mandatory federal budget cut has analysts concerned that the economy's growth rate will slow down dramatically. Because of these factors, Bill Gross – the man who runs the world's largest bond fund at Pacific Investment Management Co. – expects that Bernanke and the Federal Reserve will announce QE3 plans when they meet on April 25. |
| 03.27.2012 | It's Official - The Fed Is Now Buying European Government Bonds As if the 'risk-less' dollar-swaps the Fed has extended to any and every major central bank were not enough, William Dudley just unashamedly admitted that the Fed now holds 'a very small amount of European Sovereign Debt'. Explaining this position, as Bloomberg notes. |
| 03.26.2012 | Asia: A slowdown? Yes. A disaster? No. Read on … There's no question that China and the rest of Asia are outgrowing the Western world by leaps and bounds. All you have to do is follow the stats coming out of Asia, or take a trip to anywhere in Asia, and you'll get a firsthand feeling for how vibrant the region is. |
| 03.20.2012 | Evaluating Risk: Why I Sleep Better With 50% Of My Money In Precious Metals What kind of investor are you? What is your risk profile? Recently, I was asked these questions for a survey by a management consultant for a top 10 brokerage house. Their client wanted to learn how to do a better job keeping and getting more customer accounts. Moreover, to find out what I would want from a stock broker in terms of service, they wanted to first assess how I felt about risk. The truth is, I don't like risk. I'm a fairly frightened investor these days. Yet, the risk profile of my investments by the judgment of the majority says I am a high-risk aggressive investor. |
| 03.20.2012 | A Massive Spike In The Price of Silver Is Imminent Gold and silver are very close to entering the mania phase of this bull market. In order for gold and silver to go into the mania phase, value has to be diverted from somewhere, and that "somewhere" is most likely stocks. Since 2000, there has been a correction in stock values, in real terms; however, nominally, stocks are still significantly high (close to its all-time highs). |
| 03.19.2012 | Next support levels for gold and silver … Gold and silver are moving nicely now to the downside, as I've been forecasting. Let's quickly go to the gold chart here. This is the same chart I showed you last week, where the rally failed to give the important monthly buy signals. And now you're seeing gold stair-step lower down to this next support level, which comes in just below $1,600 and $1,585. |
| 03.15.2012 | What Do $100 Billion Of Ponzi Bonds Mean? So Italian banks have issued about $100 billion of these ponzi bonds and even in this day, that is a big number. Banks issue bonds to themselves. Then they get an Italian government guarantee. Then they take those bonds to the ECB and get money, which I assume they use to pay down other debt mostly. The Italian banks and Italian sovereign debt markets are essentially becoming one and the same. The sovereign has added 100 billion of risk to the banks (that today no one is focused on) and the banks and ECB would have to come up with some new gimmick if the sovereign had problems. |
| 03.15.2012 | Silver's False Bullish Breaks Head Fake Technicians As February ended, silver made a spectacular rise and fall. The metal's spot price first traded up to a high of $37.20 on the 28th and then crashed down hard to hit a low of $33.96 on the following special leap day of February 29th. Since then, the spot price of silver has traded down further, falling as far as $32.46 before then finding support and subsequently bouncing to $33.50. And then again, spot prices were pushed down below the 50 day moving average. The overall decline from the $37.20 level took the metal just below its reactionary low of $32.63 seen after it had peaked at $34.38 on February 2nd and 3rd. |
| 03.15.2012 | South African Gold Production Dives Again To 90 Year Lows Gold's London AM fix this morning was USD 1,646.75, EUR 1,262.26, and GBP 1,052.57 per ounce. Yesterday's AM fix was USD 1,662.00, EUR 1,271.61 and GBP 1,057.93 per ounce. Gold fell more than 2% in New York yesterday and closed at $1,643.80/oz. Gold fell in Asia and its low hit $1,635.66/oz and high of $1,649.9/oz, and is now trading sideways in Europe at $1,647.05/oz. |
| 03.15.2012 | Here Is Why Everything Is Up Today - From Goldman: "Expect The New QE As Soon As April" Confused why every asset class is up again today (yes, even gold), despite the pundit interpretation by the media of the FOMC statement that the Fed has halted more easing? Simple - as we said yesterday, there is $3.6 trillion more in QE coming. But while we are too humble to take credit for moving something as idiotic as the market, the fact that just today, none other than Goldman Sachs' Jan Hatzius came out, roughly at the same time as its call to buy Russell 2000, and said that the Fed would announce THE NEW QETM, as soon as next month, and as late as June. |
| 03.15.2012 | What Do $100 Billion Of Ponzi Bonds Mean? So Italian banks have issued about $100 billion of these ponzi bonds and even in this day, that is a big number. Banks issue bonds to themselves. Then they get an Italian government guarantee. Then they take those bonds to the ECB and get money, which I assume they use to pay down other debt mostly. The Italian banks and Italian sovereign debt markets are essentially becoming one and the same. The sovereign has added 100 billion of risk to the banks (that today no one is focused on) and the banks and ECB would have to come up with some new gimmick if the sovereign had problems. |
| 03.14.2012 | Watch Bernanke's 'Little' Inflation Capsize U.S.: Shlaes A little is all right. That's the message Federal Reserve Chairman Ben S. Bernanke has been giving out recently when asked about the evidence of inflation in the U.S. recovery. Sometimes Bernanke doesn't even go that far. He simply says he doesn't see inflation. The Fed chairman recently described the prospects for price increases across the board as "subdued." |
| 03.12.2012 | Buying Gold: How Much Is Enough? People Buying Gold and silver fall into two categories... HOW MUCH gold and silver do you own? If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren't held in various forms of gold and silver, we at Casey Research think your portfolio is at risk, writes Casey Research's Big Gold editor Jeff Clark. |
| 03.12.2012 | Euro crisis solved? I don't think so! Many already think that the European sovereign debt crisis is passing. That the latest bond deal and bailout for Greece solves everything. But as far as I'm concerned, nothing could be further from the truth. First, severe austerity measures do not create growth. So there's no way Greece can grow its way out of its debt morass, even after the latest debt write-downs. The proof is simple math. Before the Greek crisis flared up, debt-to-GDP in Greece stood at 120%. Today — and I repeat, even after all the write-offs — Greek debt-to-GDP stands somewhere north of a whopping 160%. |
| 03.12.2012 |
HSBC Looks For Supply Deficits In 2012 To Underpin Platinum, Palladium Markets HSBC expects the platinum and palladium markets to move into supply deficits during 2012, underpinning prices. Analysts said auto, industrial and investment demand should improve during the year. Output from the mining sector is unlikely to maintain pace, the bank said. "Hence, we expect the supply/demand balance for both metals to move from a surplus into modest deficits, propelling prices higher," HSBC said in a report issued Monday. HSBC foresees the platinum market swinging to a deficit of 163,000 ounces in 2012 from a surplus of 313,000. The bank looks for a deficit of 43,000 ounces in 2013. |
| 03.06.2012 | Faber: "Middle East Will Go Up In Flames"… Gold's short term technicals are poor and a further correction to or below the 200 day moving average at $1,670/oz is possible (see Barcap view below). However, it is worth noting that gold's weakness has coincided with recent dollar strength and gold has not fallen as much in euro, pound or other fiat currency terms. The fundamentals of significant macroeconomic, systemic and monetary risk will support the precious metals. As will the increasingly risky geopolitical situation - the risk of which is not priced into markets just yet. |
| 03.05.2012 | No month-end buy signals in the metals! The action that we saw in the markets on Wednesday, Feb. 29 is very significant, and I don't expect many changes in the intervening days between when I'm recording this video and when you see it on Monday. The all-important action I'm referring to occurred on Wednesday, Feb. 29 and indeed that being the month-end, it is very, very important action. Let's go right to the charts: |
February 2012 |
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| 02.28.2012 | Shorts in silver are still playing with explosives As expected the breakout from the balance area over the past three days on the 30 minute chart was likely to provide fireworks due to the structure of the daily chart. The path of least resistance is higher. Using "Measured Rule" as an initial profit taking target delivered $2,650 per contract. Measured rule is taking the width of the pattern (rectangle) and adding it onto the breakout point. Taking a trailer to the close was good for an additional $7,225 per contract. If you take a look at the top of the chart below on the left hand side, silver has now formed a "bullish pennant". With the daily chart looking strong, it is in my opinion that the shorts are still playing with explosives. |
| 02.28.2012 | Turk: 'Silver Price at $68-70 in Two-to-Three Months' At long last: the ratings agency Standard & Poor's has deemed Greece to be in "selective default". The European Central Bank has temporarily suspended the use of Greek bonds as collateral. However, stocks have been moving higher in trading this morning following the vote in the German Bundestag yesterday to authorise the new 130 billion-euro Greek bailout deal agreed by finance ministers last week. The markets have after all had months to come to terms with the idea of Greek bankruptcy. |
| 02.27.2012 | 4 Moves We Must See Before the Next Bull Runs Can Begin There are several forces lining up now to send stocks into a new bull market. Chief among them …
First, the sovereign-debt crisis. The money that's going to come out of bonds has to go somewhere. It can't all go into gold, silver and commodities. |
| 02.24.2012 | Silver Market Update Silver is currently trading at key resistance levels. On the chart, I have drawn a significant upward sloping resistance line (red line). Silver has now reached that line, trying to breach it and stay above it. It has also reached the top resistance line of a big flag pattern. If the silver price gets through these resistance lines, and stays above them, then it is likely to continue its rise, but likely in a more accelerated manner. |
| 02.20.2012 | Not much happening, or is there? Right now, we’re seeing a lot of sideways action in virtually all markets. The reason for that is primarily there is just too much background noise going on with Europe’s crisis, with the riots and Greece’s crisis, with Iran’s saber-rattling, and lots of mixed economic news coming out all over the globe. So the markets are really digesting this, trying to determine which way to go. |
| 02.17.2012 | A Short-term Dip in Precious Metals Is Still Likely We like Warren Buffett. We respect Warren Buffett. We'd love to sit and have lunch with him one day. As an investor, Warren Buffett is in a class all of his own. But the Oracle of Omaha just keeps bashing gold at every opportunity. |
| 02.16.2012 |
Gold Fire Sale, Buy Now Sale Ends Soon Today, central bankers, the mandarins of capitalism, are in disarray. Their attempts to contain capitalism's current crisis increasingly resemble the tactics of a defeated army in retreat. Like Napoleon and Hitler's respective "Moscow moments", the 21st century economic crisis has brought to an end the bankers' spectacular 300 year run at the table of power and wealth. |
| 02.14.2012 | Moody's warns it may cut AAA-rating for UK and France There is a growing body of evidence, ominous economic indicators and precious metals expert opinion that supports the notion that Silver is massively undervalued. If correct, we could be about to see a silver and Gold boom of unprecedented levels. |
| 02.06.2012 | Plenty of big money to be made … Let me say — in no uncertain terms — that if you think all these markets that are rallying are about to shoot to the moon, I think you need to stand back and be very, very careful. Yes, everything from gold to silver to stocks are rallying — but that does not mean the rallies are the real McCoy — and that they are going to continue to rally. Indeed, ALL of my indicators continue to suggest that big traps are being set, and the next big moves will not be UP, but instead, will be DOWN. |
| 02.03.2012 | Stocks Are On The Cusp Of A Major Decline Equities have continued to rise even though the financial problems of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) remain unresolved. Bullish sentiment readings have reached extremes and investors have positioned themselves for a singular, bullish outcome. While some market observers view high investor bullishness as an indicator that stocks will continue to advance, we believe lopsided sentiment is the Achilles' heel for markets. In fact, all of the major declines in the past few years were preceded by extremes in bullish investor readings. Figure 1 shows that bulls now outnumber bears by the second largest percentage in the past 4 years. The last time the net percentage of bulls was as high as it is now was coincidentally just before the market topped in May 2011. |
| 02.03.2012 | Euro Currency Recovery Is Temporary The euro registered a 16-month low against the U.S. dollar on January 13 at 1.2627. Much of the selling was linked to increasing worries that the euro zone economy will continue to weaken. The news was overwhelmingly bearish, as these lows were made, such as the report from Germany's Federal Statistics Office when they said Germany's economy probably contracted in the fourth quarter by .25% from the third quarter. In addition, the European Union reduced their euro zone growth estimate to .1% in the third quarter from the .2% growth they had previously estimated. A Bloomberg survey at the time showed the euro zone economy could shrink by .2% this year. |
| 02.03.2012 | Stocks Are On The Cusp Of A Major Decline Equities have continued to rise even though the financial problems of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) remain unresolved. Bullish sentiment readings have reached extremes and investors have positioned themselves for a singular, bullish outcome. While some market observers view high investor bullishness as an indicator that stocks will continue to advance, we believe lopsided sentiment is the Achilles' heel for markets. In fact, all of the major declines in the past few years were preceded by extremes in bullish investor readings. Figure 1 shows that bulls now outnumber bears by the second largest percentage in the past 4 years. The last time the net percentage of bulls was as high as it is now was coincidentally just before the market topped in May 2011. |
January 2012 |
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| 01.31.2012 | FOCUS: Platinum-Gold Spread Narrows, But Gold Remains At Premium (Kitco News) -The spread between platinum and gold prices is beginning to narrow as improving auto demand data supports the white metal, but it’s unlikely that platinum will regain its historical premium to gold anytime soon. |
