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bsiong
Supreme |
18-Oct-2014 12:30
Yells: "The Greatest Wealth is Health" |
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Weekly Gold & Silver Market Report - 10/17/201410/17/2014 4:06:39 PM By: Peter LaTona
EQUITY MARKETS GET WAKE UP CALL GLOBAL ECONOMY STILL INTERCONNECTED Klaus Schwab, founder of the World Economic Forum, prefaced the World Economic Forum' s 2014 Global Risk Report: " Our lives are changing at an unprecedented pace. Transformational shifts in our economic, environmental, geopolitical, societal and technical systems offer unparalleled opportunities, but the interconnections amongst them also imply systemic risks. This report aims to enhance our understanding of how a comprehensive set of global risks is evolving and how their interactions can lead to unexpected and often systemic impacts." The U.S. stock market had been cruising in overdrive, while economic reports from the eurozone, China, Russia, Japan, Argentina and many other parts of the world turned negative. It was as if the fact that we live in an interconnected global economy, as learned from the Great Recession, was being ignored. Following the release of the Federal Open Market Committee meeting minutes expressing concern that the global economy could negatively impact the U.S., the dollar and stocks began to go down while Gold saw a revival. Despite this seemingly negative news, the stock market staged a rally Friday. Dennis Gartman, founder of The Gartman Letter, believes the bear market has just begun. " This is the start of a bear market. You stay in cash and you stay in short term bonds and you don' t move out, this is a very difficult period of time and I' m afraid -- and I don' t like to think about it -- but this might be the very beginnings of a bear market that could last some period of time," he warned on CNBC' s " Squawk Box" Thursday. Federal Reserve Chair Janet Yellen is greatly concerned by the continued increase in income inequality in the U.S. " It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority," Yellen said Friday at a conference on inequality sponsored by the Boston Federal Reserve. Although Yellen said that to a certain extent the inequality is a result of hard work and risk taking, her concern is that " inequality of outcomes can exacerbate inequality of opportunity, thereby perpetuating a trend of increasing inequality." At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
- See more at: http://www.apmex.com/Commentaries/3032/weekly-gold-silver-market-report-10-17-2014#sthash.GTH5ZqBj.dpuf |
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bsiong
Supreme |
17-Oct-2014 22:32
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 10/17/201410/17/2014 8:46:45 AM By: Paul Stevens
METALS FLAT AS FED SPECULATION GROWS Precious Metal prices are relatively flat through early morning trading. As investor concerns continue growing over a global economic slowdown, Gold' s safe haven appeal has been boosted and the metal is set for its second consecutive week of gains. ABN Amro analyst Georgette Boele said, " There has been a move down in the dollar and equities this week, but in comparison the upside in gold has been relatively modest." U.S. stocks futures rallied Friday on speculation the Federal Reserve will provide more stimulus and continue to support economic growth. However, the S& P 500 is down 2.3 percent this week alone and preparing for the fourth consecutive week of losses. Virginie Robert, co-founder of asset-management firm Constance Associes in Paris, said, " The market was clearly oversold and today' s gains are just a rebound. Central banks can provide more support but they can' t do everything. A good earnings season could give us the confidence that the market needs." At 9:46 am (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
17-Oct-2014 08:25
Yells: "The Greatest Wealth is Health" |
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Gold Trades Around Significant Resistance Level By Jamie Saettele, CMT, Sr. Technical Strategist 16 October 2014 16:39 GMT Daily
Chart Prepared by Jamie Saettele, CMT
-' ' Ultimately, it may be that gold has been tracing out a triangle since Dec 31st of 2013 that leads to new lows. The metal needs to gain traction above 1296 to alleviate downside pressure. 1240 is resistance. Support for a bounce is seen at 1206. ' '
-' ' Do keep in mind that gold has yet to confirm the new low in silver. Even so, any bounce should be treated as countertrend. Watch for resistance at 1240. 1206 is estimated support again.' ' Gold has been testing the mentioned 1240 for the last several days so hopefully the market shows it colors soon. Wednesday&rsquo s outside day may be useful as a pivot for direction (use the range as zone to determine bias).
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bsiong
Supreme |
17-Oct-2014 08:21
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report - 10/16/201410/16/2014 4:50:39 PM By: Brandi Brundidge
PLATINUM MOVES BELOW GOLD FED MAY WAIT TO END STIMULUS PROGRAM Precious Metals prices are down across the board today with Platinum falling below Gold for the first time since April 2013. Platinum has been on the down slope since July somewhat due to the ongoing mine strikes in South Africa, which extended a third straight supply shortage. South Africa is home to three major Platinum producers that provide about 70 percent of the world&rsquo s supply. " The more industrial of the precious metals are being sold on concerns that global growth is really starting to be fragile," Robin Bhar, an analyst at Societe Generale SA in London, said today by phone. " There&rsquo s a fear that the turmoil is the start of something more sinister and maybe longer lived than we were hoping." The head of the St. Louis Federal Reserve Bank, James Bullard, stated today he believes the Fed should continue its monetary policy for now due to a fall in inflation expectations. " Inflation expectations are dropping in the U.S., and that is something that a central bank cannot abide," James Bullard told Bloomberg television. " We have to make sure that inflation and inflation expectations remain near our target. For that reason, I think a reasonable response by the Fed in this situation would be to ... pause on the taper (of bond purchases) at this juncture and wait until we see how the data shakes out into December," Bullard said. Precious Metals prices, especially Gold, have pulled back recently with better than expected U.S. economic data and a stronger U.S. dollar, which has also resulted in the Fed deciding to end their bond-buying program. At 5:15 pm (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
16-Oct-2014 23:21
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 10/16/201410/16/2014 10:16:10 AM By: Paul Stevens
GLOBAL ECONOMIC CONCERNS PROVIDE STABLITY FOR METALS Precious Metal prices are showing a small decline in early morning trading. Although there is a slight dip in Gold, it is still retaining its recent gains and trading near its highest point in over a month. As investor' s concerns continue to increase over a sluggish global economy, many are looking to avoid risker assets, such as equities, and are instead turning to the safe-haven appeal of Precious Metals. INTL FCStone analyst Edward Meir said, " With no sign that the selloff is over in any of these three complexes, it seems that the precious metal will continue to receive a bid and we would therefore want to maintain a long exposure for the time being." The U.S. dollar gained a very small percentage against a basket of major currencies, while European shares extended their losses from Wednesday when they experienced their biggest one-day drop in almost four years. As traders continue to digest a potential global economic slowdown, some analysts are expecting a benefit for Gold. " With all the global growth worries, you' d have to bet that gold holds its own here and may look to test $1,250 and higher, depending on what the U.S. stock markets do this afternoon," Societe Generale analyst Robin Bhar said. At 11:15 am (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
16-Oct-2014 08:17
Yells: "The Greatest Wealth is Health" |
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Crude Oil Extends Declines Before Inventories, Gold Climbs On USD Dip By David de Ferranti, Currency Analyst
CRUDE OIL TECHNICAL ANALYSIS Crude oil has cracked the 84.00 barrier and continues its journey through no man&rsquo s land towards the &rsquo 12 low at 77.00. With a core downtrend intact and absence of reversal signals the commodity may be primed for further weakness.
Crude Oil: Close Below 84.00 Opens Next Leg Lower
Daily Chart -
GOLD TECHNICAL ANALYSIS Gold has maintained its upward trajectory after leaping over the descending trendline, 20 SMA, and into positive territory on the Rate of Change indicator. A climb over former support-turned-resistance at 1,241 could pave the way for a revisit of former the 1,257 barrier. The DailyFX SpeculativeSentimentIndex suggests a bullish bias for gold based on trader positioning. Gold: Signs Of An Uptrend Emerge
Daily Chart - SILVER TECHNICAL ANALYSIS Silver&rsquo s recent rebound remains seen as corrective within the context of a broader downtrend on the daily (20 SMA and descending trendline). Yet with downside momentum fading (reflected by the ROC) a consolidation remains the more likely path, rather than a sharp decline. Silver: Consolidation Endures As Negative Sentiment Fades
Daily Chart - |
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bsiong
Supreme |
16-Oct-2014 08:11
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Report - 10/15/201410/15/2014 4:23:59 PM By: Peter LaTona
GOLD RISES, U.S. EQUITIES SINK ON DISAPPOINTING DATA The Dow fell more than 400 points before staging a rally to close down only 173 points, while the U.S. dollar fell to a three-week low versus the euro. The stock market began to dive following a report showing September retail sales fell along with producer prices. Signals that the U.S. economy may be struggling combined with the reality of the struggling global economy sent investors to safe havens like Gold and Silver. U.S. Treasuries jumped as 30-year bonds hit a two-year low. Art Cashin of UBS Financial Services said today that of all the negatives in the markets, the one to watch is oil prices. " It has returned to the downside," Cashin said Wednesday on CNBC' s " Power Lunch," and this has spooked NYSE floor traders. Looking ahead to Thursday, Cashin added if oil drops below $80, the effects could be even worse. " What happens in the energy markets will be very important," Cashin added in an appearance on " Closing Bell." At 5:00 pm (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
16-Oct-2014 00:30
Yells: "The Greatest Wealth is Health" |
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bsiong
Supreme |
16-Oct-2014 00:28
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report -- 10/15/201410/15/2014 9:30:32 AM By: Brandi Brundidge
GOLD REACTS TO STRONG DOLLAR INFLATION CONCERNS MAY BEGIN FOR U.S. MARKET Gold reached a four-week high yesterday, but has lost traction today due to a stronger U.S. dollar. The concern over global growth is currently supporting the yellow metal and preventing a further price drop. " Gold is at the mercy of other markets," Macquarie analyst Matthew Turner said. " There are two views here: that the current slowdown is temporary, or that this is another big downturn, and that the central banks are powerless to stop it." India, the world' s second largest consumer of Gold, has not slowed down its buying power as they have doubled their imports for the month of September from August ahead of the country' s notorious wedding and festival season. The Labor Department reported today U.S. producer prices fell 0.1 percent in September, which is the first time in over a year this has occurred. The market is carefully watching U.S. economic data as the Federal Reserve is expected to hike interest rates at the beginning of 2015 if the economy continues to show growth. Inflation is a key factor in the Fed' s decision to raise interest rates, which the Commerce Department has set a target to gauge. Analysts suggest that today' s producer price report may lead to inflation pressure in the near future for the U.S. At 10:30 am (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
15-Oct-2014 07:57
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report &ndash 10/14/201410/14/2014 4:22:17 PM By: Peter LaTona
DOW SLIGHTLY DOWN GOLD, SILVER MAINTAIN GAINS Gold and Silver prices continued an upbeat week with modest gains. The U.S. equity market ended a severe three day skid, but gains were minimal. The S& P 500 and Nasdaq were up slightly while the Dow slipped five points. U.S.-led airstrikes intensified as Islamic State fighters threatened Kurds along the Syria-Turkey border. Asya Abdullah, co-chair of PYD, the dominant Kurdish political party in Syria, said the latest air strikes " are hitting Islamic State targets hard and because of those strikes we were able to push back a little. [The Islamic State is] still shelling the city center." The Russian and Swiss central banks are targeting Precious Metals, but for very different reasons. Russia is the fifth largest holder of Gold reserves, and their central bank chiefs plan to meet with officials from South Africa, the world' s leading miner of Platinum, to discuss buying both Platinum and Palladium to support prices. Russia is the world' s leading miner of Palladium, so Russian purchases would greatly benefit both countries. The Swiss National Bank faces a popular vote that would force them to greatly increase their Gold allocation in the foreign reserve currency basket. This would overturn a 1999 vote, in which voters approved taking the Swiss franc off the Gold standard. At 5:00 pm (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
15-Oct-2014 07:51
Yells: "The Greatest Wealth is Health" |
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Gold 1240 Looms Large By Jamie Saettele, CMT, Sr. Technical Strategist 14 October 2014 18:12 GMT Daily 
Chart Prepared by Jamie Saettele, CMT -" Ultimately, it may be that gold has been tracing out a triangle since Dec 31st of 2013 that leads to new lows. The metal needs to gain traction above 1296 to alleviate downside pressure. 1240 is resistance. Support for a bounce is seen at 1206. " - Do keep in mind that gold has yet to confirm the new low in silver. Even so, any bounce should be treated as countertrend. Watch for resistance at 1240. 1206 is estimated support again. |
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bsiong
Supreme |
14-Oct-2014 22:13
Yells: "The Greatest Wealth is Health" |
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By Vronsky - October 14, 2014
Numerous globally recognized stock analysts and sage market pundits are voicing bearish opinions of the possible forth-coming crash in major stock markets. Here are a few bearish predictions.
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bsiong
Supreme |
14-Oct-2014 22:11
Yells: "The Greatest Wealth is Health" |
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By Ian Gordon - October 13, 2014
In the last issue of this publication, I warned that the Dow Jones Industrial Average and several other key U.S. equity markets had completed a monthly Key Point Reversal top in the month of July. As I have written on several occasions these reversals, whether highs or...
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bsiong
Supreme |
14-Oct-2014 22:09
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report - 10/14/201410/14/2014 8:40:33 AM By: Brandi Brundidge
GOLD ON RISE CRUDE OIL MOVING DUE TO SUPPLY Precious Metals prices are on the rise this morning, with Gold close to its highest price in nearly four weeks, as the market has noticed slowing global economic growth. " What we saw last week was that the dollar hit its strongest level to the euro in a couple of years, when Gold fell to its lowest price since December 2013," Thorsten Proettel, a commodity analyst at LBBW, said. Investors are eyeing the eurozone after the euro fell following a drop below zero in consumer confidence, which had not occurred in nearly two years. " The U.S. dollar to euro rate is a very strong argument for Gold or against Gold," Proettel added. The International Energy Agency cut its outlook for crude oil demand after the U.S. benchmark reached its lowest level since November 2012. " The large downward move in oil over the past two weeks was mostly speculative, in our view. While the market remains oversupplied and lower OPEC production should be required, we see few signs of new deterioration in fundamentals," Morgan Stanley analyst Adam Longson said in a report. Phil Flynn, senior market analyst at Price Futures Group in Chicago, stated what is obvious, " More supply and less demand make for a much lower oil price." At 9:30 am (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
14-Oct-2014 08:25
Yells: "The Greatest Wealth is Health" |
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By David Nichols - October 13, 2014
Years ago when I set out to study huge growth patterns in markets -- more commonly known as ' ' bubbles' ' -- I discovered a remarkable timing signature common to every single one of these patterns:
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bsiong
Supreme |
14-Oct-2014 08:24
Yells: "The Greatest Wealth is Health" |
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By Bob Loukas - October 13, 2014
The equity markets are finally seeing action that has even the most hardened bulls running scared. In the past, I&rsquo ve been quick to dismiss selling periods - Cycle Lows - as natural regression-to-the-mean events. In a bull market, an oscillating Cycle pattern of two...
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bsiong
Supreme |
14-Oct-2014 08:23
Yells: "The Greatest Wealth is Health" |
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By Jeb Handwerger - October 13, 2014
Three years ago in early 2011, I cautioned my readers to be careful to chase gold and silver higher as it was moving parabolic. Now it is oversold and ignored. Be careful now of parabolic rises in the S& P500 (SPY), Long term US Treasuries (TLT) and US dollar (UUP...
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bsiong
Supreme |
14-Oct-2014 08:22
Yells: "The Greatest Wealth is Health" |
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By Frank Holmes - October 13, 2014
Last week we saw a continued selloff in energy stocks and a slump in commodity prices, specifically oil. In light of this, I' ve highlighted some key points I made during our latest webcast that might offer investors some clarity and insight into our management strategy...
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bsiong
Supreme |
14-Oct-2014 08:21
Yells: "The Greatest Wealth is Health" |
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By Graham Summers - October 13, 2014
Ever since 2008, anytime stocks began to collapse sharply," someone" stepped in and put a floor under the market. In 2010, the S& P 500 staged a death cross, where its 50-DMA broke below its 126-DMA (the half year moving average). Stocks were in a perilous state...
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bsiong
Supreme |
14-Oct-2014 08:18
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report -- 10/13/201410/13/2014 4:25:31 PM By: Brandi Brundidge
Published on 10/13/2014 4:20 pm by Chris Boswell GOLD HIGHER DUE TO DOLLAR WEAKNESS & CHINESE DATA Gold rose to $1,237 before settling at $1,231 to end the trading day in London. Much of the action in Precious Metals today was a result in the weakness of the dollar, which fell 50 BPS against the Euro. However, the shiny yellow metal rose today as it proved to be a safety play for investors that are showing increasing skittishness in the market. The Volatility Index (VIX) has jumped 74 percent in the past three months and has crossed above 20 which the markets see as a sign of investor fear. With the VIX closing above 24 for the first time since spring of 2012, some are speculating that in the near future the indicator may rise sharply. Further enhancing Gold' s safe-haven appeal was the release of China' s economic data. The data suggests that the Chinese economy grew at its slowest pace in five years sparking some investors to speculate that China may take on more stimulus measures to combat this. Despite this, some continue to view metals as susceptible to further losses. " While the potential for short-covering rally could see gold extent its gains, we believe the bounce is likely to be short lived and remain cautious given the headwinds the macro environment presents," Suki Cooper, precious metals analyst at Barclays Capital, said. At 4:20 pm (ET), the APMEX Precious Metals spot prices were:
- See more at: http://www.apmex.com/Commentaries/3024/closing-gold-silver-market-report-10-13-2014#sthash.ZkCHIcno.dpuf |
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