Gold & Silver

The gold price will likely decline to $1,150 next spring but should find enough buyer support from physical buyers and jewellery makers to prevent a fall below $1,000.

Fundamentals are relative, charts are absolute. They accurately reflect all that is going on, regardless of reasoning/motivation and...right now, the charts are letting us know that higher PM prices are unlikely to occur anytime soon. Barring some kind of “overnight surprise” that will shock the markets, odds favor lower prices over higher prices unless and until demand shows up in chart activity.

Despite an influx of vehicles that are 46% more fuel-efficient than they were in 1980,oil-and-gas the average American household spent almost $3,000 (or about 4% of their pre-tax income - the highest proportion in history) on gasoline. Find out how your country compares with other countries of the world.

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China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars and into assets with no counter-party risk, it is just a matter of how soon it happens.

For the first time in 2013, Silver and the Gold/Silver ratio are breaking above their falling resistance lines and that's a positive for Silver. The last time the Gold/Silver ratio broke resistance in 2010, Silver rallied well over 100% in a matter of months. Are the patterns suggesting another 100% rally in Silver?

So you think you own some gold because you own a gold ETF. Right? Think again! At best you share your gold with 55 other supposed "owners" What a sham the gold market is. An utter sham! Here's why.

Some of the finest and most highly regarded minds in the world of PMs have been saying gold and silver are going higher...[but] the charts have “said” otherwise, and that has been the correct read...The fundamentals may be as bullish as can be [but] the charts are sending a different message.

The manipulated raids in the gold market since last April may be hurting the Precious Metals game players, weakening their confidence and “disproving” gold’s worth against a fiat currency, but they serve a greater purpose, as in Federal Reserve payback time to China. Here's why.