Gold & Silver

Gold has been mired in a descending triangle over the past year or so. From a technical perspective, such triangles are likely to be continuation patterns. Gold fundamentals have recently worsened a bit with the most obvious headwind being the continued strength in the U.S. dollar, but this isn’t the only indicator that has turned more bearish lately. This article is an update of the indicators we follow.

I see various signs that indicate that gold bulls may have to endure one more capitulation to the downside before the next leg of the bull market begins. In what follows I identify what could send the gold price lower and suggest some investment strategies to consider.

Time is running out for all the 2014 enthusiasts that are calling for higher prices in gold and silver by year-end. The lessons learned from 2013 have been forgotten as not only are prices not beginning to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future. Stop listening to what others are saying, and pay attention to what the charts are saying - and below is a summary of just that.

China consumed, mined and imported the most gold ever in 2013. Does this mean that the PBOC in Beijing plans to eventually back its currency, the Renminbi, with gold with a view to replacing the U.S. dollar as the world’s reserve currency? Here are the details.

Because of various price manipulations (paper gold, computer price rigging, falsified physical gold data, etc.), nobody knows what the price of gold should be but this unique - and logical - article sets out the foundation for the true price of gold - and it is absolutely astronomical befitting its star supernova origin.

I don’t mean to rant against gold. I just think that there are some fundamental reasons to keep gold in the proper perspective when we consider its value as a portion of our asset holdings. In my view, it’s not the type of asset you want to build a portfolio around. Here's why.

This is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward, and a look at the charts tells us in no uncertain terms that the end is not yet in sight. Here is our read of what the market is saying, and has been saying for some time.

The day is coming when insincere promises made by bankers to deliver tons of silver and gold sometime in an uncertain future will not be good enough to satisfy market demand, and that’s when this farce ends. Expect it to end with a bang, not a whimper, and people will either be in or out when it ends, so the time to get in is now.

Despite continuing QE and huge government deficits the price of gold has fallen 35% since its peak in 2011 and is down over 10% from its highs this year. Is there a logical explanation for this?I think there is. Read on.

For those of you who fall in the gold bug camp, the technicals and sentiment may finally be aligning in your favor once again. Here's why.