GoldSilver Blog

With gold prices having broken out recently, many banks and analysts have released updated price projections. And in every case I’ve seen, those predictions are higher.Yes, banks and brokerage houses are not the best source for analysis of the precious metals market—they’re heavily biased toward stocks, and their track record with gold has been notoriously wrong.But it’s worth looking at what they’re saying, because their clients listen to them.

Gold had a slight pullback last night, trading in a relatively narrow range of $1493.60 - $1499. It failed to hold the pennant up trend line at $1499 and slumped to support at $1493-4...

Gold was lower overnight, declining in a range of $1492.55 - $1503.70. It fell through support at $1500 and $1499 (pennant up trend line from 8/13 $1480 low) and $1497 (yesterday’s low) on the way to its $1492.55 bottom...

Gold slid lower last night, trading in a range of $1496.65 - $1508, but found support ahead of $1493-4 ( triple bottom 8/14, 8/19, and 8/20 lows). It faded a move up in global bond yields...

What is at the core of the latest turmoil in markets? Is it a trade war? Is it a yield curve inversion? Or is it something far more simple...like the fact that the US Dollar is on life support?

After declining $27 over the past two sessions, gold rebounded last night, climbing in a range of $1494 - $1508.45. Bargain hunting buying was seen, which accelerated after the market broke back above the $1500 level.

Gold traded lower last night, sliding in a range of $1512.65 - $1493. It tripped long liquidating sell stops below key support levels of $1510 (up trend line from 8/1 $1401 low, former double top – 8/7 and 8/8 highs)...

No matter where you look, the desire for the Fed to print, Print, PRINT, is intense! The president wants it, the Socialists want it, debtors want it...

Gold softened last night, retreating in a range of $1506 - $1528. It briefly broke support at $1510 (up trendline from 8/1 $1401 low, double top – 8/7 and 8/8 highs), but once again, decent dip buying took the market back to the $1510 level.

Jeff Clark joins us in this exciting update, as Gold powers higher we gain fresh insights on how high Gold could go, we also look at Silver and its unseen potential which percentage wise, could surpass Gold itself!

Gold was very choppy with other financial markets last night, trading in a range of $1508 - $1524. Gold rose to its $1524 high during early Asian time

Gold rebounded overnight, trading in a range of $1494.35 - $1518.35. It slumped to its $1494.35 low during Asian time against an early rise in Asian equities along with a modest uptick in S&P futures.

If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street is bailing on unicorns and blue-chip stocks and shifting into gold and silver... Over the past 12 months, the gold price has risen 24.4%, beating all major stock market indices, along with some popular stocks.

Mike Maloney recorded this Action Alert for Insiders late on Tuesday, it contains his own action plan for the coming weeks as the precious metals wake from their slumber. You’ll also learn more about the two largest crypto positions that Mike holds, and his trading technique that has allowed him to turn his excess profits in the highly speculative digital assets into more of the safest, most secure asset in the world - precious metals.

Gold surged to another 6-year high last night, climbing from $1510 to $1535. The advance was fueled by continued weakness in global equities with the NIKKEI off 1.1%, the SCI was down 0.6% (despite China’s higher Foreign Direct investment)...

There's more than meets the eye to most economic processes, and the latest news regarding China's label by the USA as a 'currency manipulator' is no exception. Join Mike Mike Maloney as he revisits a presentation given to a group of private investors in England that that shows another side to the story.

Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA) is most bullish on silver. Murphy says, “For anyone that wants to get involved in precious metals, silver is going to be a home run.

Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s. Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver. I plotted the annual trading range of the gold price since 2013, when most traders indicate the bear market in precious metals began. I also listed the dollar amount of change between the high and low each year.

Nenner says, “We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce. . . .

Many readers liked the tables we presented of possible gold/S&P 500 ratios and what that would mean to prices of each asset. If you didn’t catch it, check out what the future could look like for gold vs. the stock market. Given the current action in stocks and precious metals, I decided to run the same scenarios for silver. In other words, if the silver/S&P 500 ratio returned to any of its past highs, what would the prices for each look like? Hold on to your hats, because the title of this article was no exaggeration…