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bsiong
Supreme |
14-Jun-2014 12:27
Yells: "The Greatest Wealth is Health" |
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Mid-Day Gold & Silver Market Report - 6/13/20146/13/2014 11:59:49 AM By: Peter LaTona
CRAMER: SOMETHING UNEXPECTED MIGHT BE IMMINENT Gold and Silver prices are showing little movement in morning trading. All of this could change according to CNBC analyst Jim Cramer. Cramer has expressed concerns about the sustainability of the U.S. stock market at record highs for a while. Now he says that it may be time to act. He is very concerned about the sudden developments in Iraq where militants are seizing control of major cities. " So what will it be? Airstrikes? Drones? Soldiers? Boots back on the ground in Iraq? That' s uncertainty writ large. And if the market hates anything it' s uncertainty," Cramer said. " Wall Street knows all too well that not one, but two bear markets were brought on by Iraq," Cramer added. " Saddam' s invasion of Kuwait in 1990 and our 2003 invasion of Iraq itself caused tremendous weakness in markets." Cramer feels it is time to take profits off the table and if you are already into cash, stay there. Gold historically has a high correlation to oil and oil prices are on the move. Oil is at a nine-month high over concerns about events unfolding in Iraq. " Basically, prices rose as the markets reacted to the Iraqi news, but kept relatively calm on the realization that as of yet, Iraqi oil supplies are not at risk," Matt Parry, senior oil analyst at the International Energy Agency in Paris, said. " Production in the north of the country, amounting to around 250,000 barrels a day, had already been off-line since March, hence the latest news is likely to delay the potential return date for this crude." At 1 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
13-Jun-2014 21:51
Yells: "The Greatest Wealth is Health" |
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By David Chapman - June 13, 2014
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In the previous week' s Chart of the Week, (Is there a Bear Case for Gold? - June 5, 2014) I mused as to whether there was the potential for another drop for gold in the works. The thought that gold could once again put in another scary plunge was based on the premise....
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bsiong
Supreme |
13-Jun-2014 21:50
Yells: "The Greatest Wealth is Health" |
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By Jeb Handwerger - June 12, 2014
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The gold (GLD) and silver (SLV) price may be reversing over the next couple of weeks. The junior miner gold ETF (GDXJ) is reversing above the 50 day moving average and breaking above its recent three month downtrend.
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bsiong
Supreme |
13-Jun-2014 21:46
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 6/13/20146/13/2014 8:11:20 AM By: Ryan Schwimmer
INVESTORS WORRY ABOUT IRAQ Gold and Silver prices are relatively flat in morning trading. Gold' s safe haven appeal could receive a boost if violence in Iraq escalates, and the U.S. government has said it will not rule out air strikes to assist the Iraqi government. Platinum and Palladium are trading in the red after a major dip yesterday caused by a looming deal to end the five-month mine strike in South Africa. Saxo Bank senior manager Ole Hansen said, " If we see the workers agree to the wage deal there could be some additional weakness but it still leaves a market where supply has been disrupted for several months." U.S. stock futures are slightly lower in premarket trade, with investors cautious at recent developments. IG market analyst Alastair McCaig said, " This certainly isn' t the time for an all-out move into equities, but already some cautious buying in selected names is being seen, as some begin to bet that this is the latest dip that will offer a sensible entry point. Corrections don' t come when everyone is looking for them - they appear at unexpected moments." At 9 a.m. (ET), the APMEX Precious Metals spot prices were:
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earlybird14
Supreme |
13-Jun-2014 10:34
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Gold looking good. Plus inflation in past few years printing, now is good price but gold is really a slow return investment. |
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bsiong
Supreme |
13-Jun-2014 08:01
Yells: "The Greatest Wealth is Health" |
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Gold Faces 1283 but Turn Could be MajorBy Jamie Saettele, CMT, Sr. Technical Strategist
Daily
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bsiong
Supreme |
13-Jun-2014 07:59
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report - 6/12/20146/12/2014 4:05:27 PM By: Ted Prince
GOLD AND SILVER HIGHER ON IRAQI VIOLENCE PLATINUM AND PALLADIUM PLUNGE Geopolitical turmoil has resurfaced as a motivator for higher metals prices as violence in northern and central Iraq has shaken markets and increased the safe-haven demand for Gold. Islamist militants have struck against the newly formed Iraqi government causing fear that the U.S. military may be needed to assist the Shiite-led government against the rebels. " The collapse of democracy in Iraq and the risk of extremists being the dominant political force in the region is already making some commentators question how long the U.S. ' hands-off' policy will really be maintained," Kit Juckes, global strategist at Societe Generale SA, said. Investors will continue to eye developments in the region as escalating violence and the potential for Western intervention could be further impetus for higher Gold and Silver prices. Though Gold and Silver are realizing a modest boost from today' s geopolitical headlines, Platinum and Palladium are both drastically down today as news that an informal deal is on the table to end the long-running South African miner strike. A deal from three leading mining companies was put forth to the mine workers union that will hopefully re-establish Platinum and Palladium production in the nation which produces roughly 40 percent of the world' s supply. So far, Palladium has jumped 16 percent year-to-date as the strike has cost mining companies roughly $2 billion since its inception. At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
12-Jun-2014 23:11
Yells: "The Greatest Wealth is Health" |
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 Silver Price Rally Again On This Technical SignalRichard Russell has seen it all in his 90 years. This is what he thinks about Silver. I would much rather be long silve... Read More |
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bsiong
Supreme |
12-Jun-2014 23:05
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 6/12/20146/12/2014 8:16:44 AM By: Ryan Schwimmer
PROFIT-TAKING DROPS PLATINUM, PALLADIUM Gold and Silver prices are slightly higher in early-morning trading. UBS said in a note, " Gold remains nearly consistently negatively correlated with equity markets, and the (dollar index)." The industrial Precious Metals, Platinum and Palladium, fell victim to profit-taking after Palladium rallied to its highest level in 13-1/2 years. The five-month Platinum mine strike in South Africa still shows no signs of ending soon. The weekly jobless claims report had little effect on Precious Metals prices. Though economists were expecting a drop to 310,000 new claims filed last week, the figure rose to 317,000. The four-week moving average, which strips out weekly volatility, showed an increase of 4,750 claims, coming off a seven-year low. Continuing claims increased by 11,000. At 9 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
12-Jun-2014 08:23
Yells: "The Greatest Wealth is Health" |
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By P. Radomski - June 11, 2014
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Briefly: In our opinion no speculative positions in gold, silver and mining stocks are justified from the risk/reward perspective. The precious metals market moved higher yesterday, which was in tune with what we' ve been expecting. The key question is if gold, silver...
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bsiong
Supreme |
12-Jun-2014 08:18
Yells: "The Greatest Wealth is Health" |
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Mid-Day Gold & Silver Market Report &ndash 6/11/20146/11/2014 4:34:16 PM By: Paul Stevens
METALS CONTINUE CLIMB ON WORLD BANK NEWS
Precious Metals continued to trade slightly higher through afternoon trading. Metals have been boosted and stocks around the world are pulling back after the World Bank&rsquo s announcement late Tuesday that it is cutting its global growth forecast for 2014. Art Hogan, chief market strategist at Wunderlich Securities in New York, said, " The World Bank cutting estimates for global GDP got everybody&rsquo s attention in an environment where people are looking for a reason to take stocks down a little bit." U.S. stocks declined at their largest rate in three weeks, halting a five day rally. Robert Pavlik, chief market strategist at Banyan Partners LLC in New York, said in a phone interview, " That negative movement is the World Bank adding pressure with concerns about growth. People are tentative with a market that&rsquo s trading near all-time highs with low growth prospects." At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
11-Jun-2014 21:59
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 6/11/20146/11/2014 8:48:35 AM By: Ryan Schwimmer
PALLADIUM HITS 3-1/2 YEAR HIGH Precious Metals prices are moderately higher in early-morning trade. Palladium hit a fresh 3-1/2 year high thanks to the ongoing mine strike in South Africa. MKS SA senior vice president Bernard Sin said, " Palladium touched new highs yesterday but holders of long positions are now being cautious because these are at very high levels and there is not much room to increase exposure and there is a downside risk should the strike end." The strike does not seem to be ending soon, with the mining company saying they have nothing more to offer to resolve the pay dispute. The World Bank released a statement saying that the conflict between Russia and Ukraine, along with the harsh winter in the United States, will cut into global growth. Peter Cardillo, chief market economist at Rockwell Global Capital, said, " The warning from the World Bank is basically weighing this morning. Today investors have an excuse to send the indices lower in the premarket and probably accelerate when the market opens." In premarket trade to this point, stocks are lower as investors take profits on record-high levels. At 9 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
11-Jun-2014 08:45
Yells: "The Greatest Wealth is Health" |
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x 0
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 June 10, 2014 - 15:46:57 PDT Technical chart shows that Silver is about to exit a giant three-year correction to the UpsideThis is in fact the perfect setup for a major new uptrend to begin, and the only further supporting factor required is a... read more |
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bsiong
Supreme |
11-Jun-2014 08:03
Yells: "The Greatest Wealth is Health" |
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x 0
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GOLD CHARTS EYE CANDY
By Stewart Thomson - June 10, 2014
Technically, all sectors of the gold market look bullish. Regardless of whether a daily chart, weekly chart, or a monthly chart is used, all technical lights are green.
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bsiong
Supreme |
11-Jun-2014 08:00
Yells: "The Greatest Wealth is Health" |
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Gold Turns Up Before Ideal Bottoming LevelBy Jamie Saettele, CMT, Sr. Technical Strategist
Daily
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bsiong
Supreme |
11-Jun-2014 07:58
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report - 6/10/20146/10/2014 5:38:33 PM By: Ted Prince
GOLD LIFTED AS STOCKS HALT MULTI-SESSION RALLY
The Gold price was lifted today as stock indexes turned lower, with the metal trading above $1,260 per ounce for the first day in two weeks. There is little economic data to influence markets until Thursday' s release of unemployment data, but some experts predict a potential rebound for Gold and Silver due to recent technical activity. Gold-backed ETFs are currently oversold for the first time since June 2013. The last time this happened, Gold and Silver prices both moved up 1 percent the following session. With a lack of economic and geopolitical news to significantly raise or lower markets, technical indicators could cause electronic traders to force metals prices higher in the short-term. Major equities indexes finished near even levels today as stocks recovered from morning lows that looked to block a fourth straight session of gains. " It shouldn' t be a shock to anyone that we' re seeing softness after a blistering recovery," Chad Morganlander, a fund manager at Stifel Nicolaus & Co., said. " This is a temporary reprieve from a market that' s [been] seeing highs." With the recent bullish equities activity, many analysts believe the rebound has come on far too strong over the last couple of weeks. Signs of a correction could send Precious Metals prices higher as the negative correlation between the two assets takes hold. At 6:37 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
10-Jun-2014 22:58
Yells: "The Greatest Wealth is Health" |
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 Precious Metals Jump As China Unwind Fears Spreadthe unwind of the China CFDs could well lead to a notably higher Gold (& Silver) price as the forward hedges are lif Read More |
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bsiong
Supreme |
10-Jun-2014 21:55
Yells: "The Greatest Wealth is Health" |
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x 0
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bsiong
Supreme |
10-Jun-2014 21:52
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 6/10/20146/10/2014 8:16:32 AM By: Paul Stevens
Precious Metals prices are gaining momentum and trading higher through early morning trading. A day after the S& P 500 and the Dow Jones Industrial Average closed at record levels U.S. stocks are losing steam and are on the way down. As investors await Tuesday' s jobs opening data, some economists are watching market trends and waiting for what' s next. Peter Cardillo, chief market economist at Rockwell Global Capital said, " As investors digest the news coming in and don' t have a sharp drop at the opening, they start to push markets higher again. " He then added, " The volatility index is at very low levels and everyone is expecting some kind of pullback or correction, but it doesn' t seem to happen. The news continue[s] to get better now." China' s inflation accelerated at its fastest pace in four months in May. These numbers along withprojections showing the slowest growth to the economy since 1990 have economists considering what the government' s next move is. Hu Yifan, chief economist at Haitong International Securities Group Ltd. in Hong Kong said, " Low inflationary pressure provides room for further reserve-ratio cuts in the coming months." At 9:14 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
10-Jun-2014 08:40
Yells: "The Greatest Wealth is Health" |
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 June 09, 2014 - 07:56:49 PDT Gold Market Update - Clive MaundGold looks like it has been basing over the past year above its long-term uptrend line. The longer-term outlook remains ... read more |
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