10/1/2014 8:19:23 AM By: Ryan Schwimmer

 

" DR. DOOM" SPEAKS ON BLACK SWAN EVENTS

Gold is trading near nine-month lows in early-morning trading. Some analysts see the price falling further thanks to a snowball effect. Societe Generale analyst Robin Bhar said, " The weight of selling is such that I still see lower prices. We have the stronger dollar and investor disinterest, and if we drop below $1,200 or $1,180 [per ounce], you' ll get the short sellers moving in because momentum will be accelerating." Any number of events could occur in the meantime to prevent this from happening.

Economist Nouriel Roubini, known as " Dr. Doom" for his foretelling of various crises, spoke recently on black swan events, or events that are very difficult or impossible to predict that could severely impact markets. He said, " A surprise terrorist attack could unnerve global markets. Markets tend to disregard the risks of events whose probability is hard to assess but that have a major impact on confidence when they do occur."

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,216.10, Up $3.00.
• Silver, $17.21, Up $0.07.

9/30/2014 4:36:01 PM By: Ted Prince

GOLD, SILVER DROP AGAIN AS DOLLAR RALLIES

The Gold price dipped to a fresh nine month low today as strength in the U.S. dollar continues to weigh on Precious Metals prices.  With overseas tensions failing to influence safe-haven demand, an ongoing rally by the greenback has taken center stage as the principal motivator of lower Gold and Silver prices.  " It' s really been the dollar that probed Gold lower since the beginning of July," Adrian Day, president of Adrian Day Asset Management, said. " Silver is Gold on steroids and tends to exaggerate the moves."   Both metals have erased all year-to-date gains and the continued win streak of the dollar has many bullion investors wondering when Precious Metals can reverse their current bearish trend. 

U.S. equities realized another session of modest losses today as energy and small-cap shares pulled benchmark indexes lower amid a dip in consumer confidence.  " It' s quarter-end, investors are parsing out the economic data and the geopolitical landscape," Edward Jones Canadian Market Strategist Craig Fehr said. " Investors are trying to digest all of this news and we' re here at the end of the month and end of the quarter so there' s some short-term repositioning in the market." Domestic data will be analyzed by investors to see whether or not economic improvement is strong enough to support higher interest rates in the near future.

At 5:00 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,210.70 Down $9.60
• 
  
  Silver, $17.04 Down $0.61

9/30/2014 8:15:41 AM By: Ryan Schwimmer

 

GOLD DROPS AS DOLLAR RISES

The Gold price is on track for a 5.5 percent drop in September, giving up nearly all gains made in 2014. This will be Gold' s sharpest monthly decline in more than a year. Macquarie analyst Matthew Turner said, " Gold bulls' worst nightmares involve a  rampant dollar and surging real interest rates, and this macro-trend is currently being fuelled by the expectation that the [European Central Bank] policy meeting on Thursday, and Friday' s U.S. employment data will highlight the gulf in performance between the [eurozone] and U.S. economies."

The European Central Bank meeting Thursday is  a big news item for Gold and stocks, with analysts looking for an announcement on quantitative easing in the eurozone. That expectation comes after the eurozone inflation rate fell to a five year low. Friday' s nonfarm payrolls report will also be key for markets in the way of economic data this week.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,208.30, Down $11.90.
• Silver, $17.32, Down $0.32.

9/29/2014 4:00:53 PM By: Ted Prince

 

GOLD HIGHER AS HONG KONG PROTESTS BREED UNCERTAINTY

The Gold price edged slightly higher Monday as Asian markets were disrupted in the wake of pro-democracy protests in Hong Kong over the weekend.  Investors sought the safe-haven appeal provided by Precious Metals as lower prices have also influenced demand from bargain hunters.  The yellow metal is hoping to rebound following four straight weeks of losses.  With stock markets suffering downward pressure since last week, Gold bugs hope ongoing uncertainty among equities can help reverse the negative trend for Precious Metals as investors await economic reports due later this week.   

U.S. stocks fell again Monday as protests in Hong Kong weighed on equities following the S& P 500' s worst week since July.  " There' s this sense of foreboding in the stock markets that we' re almost deserving of at least a correction," Drew Wilson, an investment analyst with Fenimore Asset Management, said. " Nobody wants to be in the way of that. We' ve had one tiger awaken in Russia and now we have a tiger awakening in China and that' s a little too much risk and uncertainty for U.S. stock market investors to have on their plates."   Coupled with uncertainty surrounding a hike in U.S. interest, equities investors are wondering if and when a correction could send stocks substantially lower. 

At 5:00 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,217.90 Up $1.00
• Silver, $17.55 Down $0.06

Stock Market Crash Forecast... 7 + 7 + 7

By  Vronsky  -  September 28, 2014

Today some witless Pollyannas will say the title of this article is inappropriate. Unfortunately, these hapless souls suffer from excessive greed, rampant euphoria and hyper-complacency. Furthermore, they are ignorant of stock market history... and its immutable cycles (...

Gold Market Update

By  Clive Maund  -  September 28, 2014

Some of you may remember those gold ingot vending machines that started to pop up at airports and other places several years ago, which were of course a sign of a top. If they are still there they have probably been reconfigured to dispense cans of coke and candy, and...

9/29/2014 8:04:16 AM By: Ryan Schwimmer

 

HONG KONG UNREST BOOSTS GOLD

Gold is flaunting its safe haven value in early-morning trading as  political unrest in Hong Kong boosted demand. The U.S. dollar is also trading slightly lower. Citi analyst David Wilson said, " You can attribute most of the move in September so far to the dollar. It' s macro issues in the driving seat right now, and all eyes are on expectations of interest rate hikes in the U.S. sometime into next year, which is pushing the dollar higher."

Chicago Federal Reserve President Charles Evans is on the  opposite end of the spectrum  than Dallas Fed President Richard Fisher regarding the interest rate hike timeline. While Fisher said he&rsquo d like to see a hike before summer 2015, Evans said, " I think there will be quite some time before it becomes appropriate to raise rates. We need to make sure we have got the fundamentals right in order to have strong growth -- get inflation up to 2 percent -- so that we can exit the zero lower bound dilemmas that we have."

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,222.70, Up $5.80.
• Silver, $17.62, Up $0.02.

9/26/2014 4:09:07 PM By: Peter LaTona

 

Gold and Silver prices continued to be under pressure, but appear set to break a three week losing streak. In September, money managers largely moved away from safe haven trades looking for higher returns. This move has been tempered by continued geopolitical tensions in Ukraine and the Gaza Strip in addition to ISIS terrorists&rsquo threats. The U.S. began bombing suspected ISIS hotspots in Syria, which boosted Gold prices.  On Thursday, a report came out that  Russia was considering a measure that would allow them to seize foreign assets.  Gold took a sharp turn upward and the U.S. stock market took a 200 point dive.

The  U.S. dollar continues to gain on other world currencies and hit a four year high this week, benefiting from downtrodden eurozone economies, Russian economic struggles, new economic policies in Japan not taking hold and a perceived slowdown in the Chinese economy. The U.S. equity markets have also benefited from a strong dollar and a continued trickle of positive economic data. However, one lesson learned in 2007-09 was the interconnectivity of the global economy and many now wonder if the U.S. economy is immune to the effects of the struggling global economies or if it is possible the equity markets are in for a correction.

The  Russian central bank added to its Gold position  as their economy continues to be under pressure. The Chinese economy is still growing at a pace much of the world envies, but their economy is slowing and they too added to their central bank holdings. China just launched the Shanghai Gold Exchange to compete with the London Bullion Exchange (LBE), which should make transactions more transparent because it will primarily rely on physical delivery and not paper trading. On the LBE, it is rare that actual bullion is traded. The Shanghai Gold Exchange should also provide more transparency as to how much Gold China is buying.   

At 5:10 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,220.40 Down $2.50
• Silver, $17.70 Up $0.22

9/26/2014 8:23:51 AM By: Ryan Schwimmer

 

GOLD ON PACE TO BREAK LOSING STREAK

The Gold price is trading slightly lower this morning, though it is on pace to  break a three-week losing streak. Saxo Bank manager Ole Hansen said, " We received a boost yesterday from low bond yields and falling stocks, but it is the [U.S.] dollar that holds the key ... and at the moment it' s really a question of how strong the bullish sentiment towards the dollar is. Gold could fall below $1,200 [per ounce], but I maintain a cautious optimism that it won' t break below the $1,180 [per ounce] area. The dollar has been strengthening on the weak economic outlook for Europe and relatively hawkish expectations for interest rates in the U.S., and in that sense the jobs report next week is really important."

U.S. stock futures are trading higher today, pointing to a positive open for Wall Street. Second quarter gross domestic product was revised  up to 4.6 percent  from 4.2 percent, which marks the highest level since the recession. Fund manager Thomas H. Kee Jr. believes we may see the stock bubble of 2014 burst soon. He wrote, " The question I pose to you is if the economy actually would have been weakening over the past few years on a naturalized basis as  my analysis suggests, but instead it has been supported by capital injected by the [Federal Open Market Committee] to inflate asset prices, what do you think will happen when the money flows stop?"

At 9:22 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,219.70, Down $3.70.
• Silver, $17.58, Up $0.08.

 

September 25, 2014 - 17:05:08 PDT

Insights From The 10 Year Gold, Silver And Dollar Charts

In today' s world that means: *Sell the dollar index *Buy gold *Buy silver       Read More