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- Central banks buying may boost Gold prices in H1 2013
- Polish Mint launches wallaby Kangarro 1 oz Silver coin
- Gold gains 1.6%, Silver 5% for the week
- Alacer holds the line with 2012 production
- Why it could be time to reconsider these "blue chip" gold mining stocks
- You can't make this up: Federal Reserve officials now say they're worried about "overheating markets"
- Four "must know" tips for purchasing a quality used car
- Something unusual could be happening in gold stocks now
- By the Numbers for the Week Ending January 18
- TF Metals Report interviews GATA secretary about Bundesbanks partial gold repatriation
- Has The Gold ETF Bull Market Run Its Course?
- How to Buy Gold Bars
- Silver ETF Holdings See Massive Spike, U.S. Mint Runs Out Of Coins
- Silver Momentum Builds as U.S. Mint Sells Out of January Eagles
- Is Ted Butler's Silver Panic Imminent? Apple Contractor Claims New iMac Production Delayed Over Silver Shortage!
- 3 Reasons To Consider Goldcorp Now
- Gold and Silver Disaggregated COT Report (DCOT) for January 18
- Point/Counter Point
- TFMR Podcast #38 - Chris Powell of GATA
- Jim Willie: The Petro-Dollar Sunset
- Kyle Bass – Japan ‘Debt Time Bomb’ Ticking
- Discussion About New Gold Standard Heating Up Online
- Gold Price – The January Effect
- “The answers should frighten anyone who is long the U.S. Dollar and hence short gold.”
- Gold is setting up for a massive breakout in 2H 2013
- Will platinum outperform gold in 2013?
- German gold: Four lessons for private investors
- How buying KES ethically sourced Silver drives the price of Silver higher by increasing demand while reducing supply and why KES Silver is the best GIABO Silver
| Central banks buying may boost Gold prices in H1 2013 Posted: 19 Jan 2013 02:59 AM PST India's jewellery fabrication slipped to 593 tonnes, while recycling more than doubled to a record 132 tonnes. |
| Polish Mint launches wallaby Kangarro 1 oz Silver coin Posted: 19 Jan 2013 02:56 AM PST While kangaroos or wallabies have appeared on innumerable Australian coins, this might be the first time one has been depicted on a Polish coin. |
| Gold gains 1.6%, Silver 5% for the week Posted: 19 Jan 2013 02:13 AM PST Gold and silver ended the week with 1.6 percent and 5 percent gain respectively Friday despite a strong dollar dented gold's gains on the last trading day. |
| Alacer holds the line with 2012 production Posted: 18 Jan 2013 11:00 PM PST Alacer Gold releases its year end on a strong note with increasing grade and production in the fourth quarter. |
| Why it could be time to reconsider these "blue chip" gold mining stocks Posted: 18 Jan 2013 09:53 PM PST From Andrey Dashkov, Research Analyst, Casey Research: Disenchanted with gold's lackadaisical performance over the last year, some investors are losing interest in the equities that are supposed to provide leverage to the metal's price movements. The press has added fuel to the fire by increasingly attacking gold-mining CEOs for rising production costs and weak stock prices. This has driven some investors to pursue ETFs or other vehicles as a replacement for gold stocks, while others have simply thrown their hands up and left the precious-metals space. Is this overreaction or rational decision-making? We set out to objectively evaluate how gold-mining majors have been performing operationally in the current commodity bull market that started roughly at the beginning of 2002. We compare them against the S&P 500 – the mainstream "blue chip" index – to see if gold miners deserve the beating they've received. We also look at what may lie ahead for one of our favorite subsectors of the gold universe. The majors we used for our analysis include the following companies: AngloGold Ashanti, Barrick Gold, Eldorado Gold, Gold Fields, Goldcorp, Kinross Gold, Newcrest Mining, Newmont Mining, Randgold Resources, and Yamana Gold. These are the top ten largest gold producers that existed throughout the time period we examined. Size and Cash Flow and Net Income, Oh My The market capitalization of the major producers has grown at an impressive rate since 2002. What may be surprising to some investors is how well it has tracked the gold price – and how strongly it has outperformed the S&P. Another issue that has bothered investors has been... More on gold miners:       |
| Posted: 18 Jan 2013 09:53 PM PST From Bloomberg: Federal Reserve officials are voicing increased concern that record-low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they reverse their unprecedented bond purchases. Investors have been snapping up riskier assets since the Fed boosted its bond buying to reduce long-term borrowing costs after cutting its overnight rate target close to zero in December 2008. Enthusiasm for speculative-grade bonds is at unprecedented levels, driving a Credit Suisse index that tracks the yield on more than 1,500 issues to a record-low 5.9 percent last week. Now, as central bankers boost their stimulus with additional bond purchases, policy makers from Chairman Ben S. Bernanke to Kansas City Fed President Esther George are on the lookout for financial distortions that may reverse abruptly when the Fed stops adding to its portfolio and eventually shrinks it. "Prices of assets such as bonds, agricultural land, and high-yield and leveraged loans are at historically high levels," George said in a speech last week. "We must not ignore the possibility that the low-interest rate policy may be creating incentives that lead to future financial imbalances." Bernanke himself raised that concern this week, saying the central bank has to "pay very close attention to the costs and the risks" of its policies during a Jan. 14 discussion at the University of Michigan's Gerald R. Ford School of Public Policy in Ann Arbor. Credit Easing The Fed is purchasing as much as $85 billion a month of bonds, a pace that would balloon its balance sheet to more than $3 trillion by the end of this year. Bernanke calls his debt purchases "credit easing," intended to push investors into riskier assets to lower costs for borrowers. Dennis Lockhart, president of the Atlanta Fed, said today he sees a "legitimate concern" in the growth of the Fed's balance sheet with the additional purchases of mortgage-backed bonds and Treasuries. The expansion also poses greater challenges for the central bank's eventual withdrawal of stimulus, Lockhart said in an interview in New York today at the Bloomberg Global Markets Summit hosted by Bloomberg Link. Lockhart Comfortable "I'm very comfortable that when the time comes," the exit "can be carried out in an orderly way," Lockhart said. Still, "the bigger the balance sheet, the more the unknown factor." While the central bank has set no limit on the duration or size of its bond-buying, several Federal Open Market Committee members said at a December meeting it would "probably be appropriate" to slow or stop purchases "well before" the end of 2013 because of financial stability concerns. The first sign of Fed tightening may set off a hair trigger in the bond market, said Drew Matus, senior U.S. economist at UBS Securities LLC in Stamford, Connecticut. "There is no pulling back a little," he said. When the Fed begins to shrink its portfolio, investors will start to price in the entire stock of bonds coming back into the market. "It is always going to be hard to disengage in a very gradual manner." Riskier Assets An analysis by the Center for Financial Stability shows why low yields are pushing investors to seek out riskier assets such as stocks: The price they are paying for income from bonds versus stocks is close to the highest level since 1920, according to the New York-based research organization that has Nobel Laureate Myron Scholes on its advisory board. At current prices, investors in Treasury 10-year notes yielding 1.82 percent are paying 54 times the value of the income to own the notes. By contrast, investors in the Standard & Poor's 500 stock index are paying just 14.8 times earnings, strengthening the incentive to own stocks rather than bonds. Investors snapping up junk bonds have driven yields to record lows, according to some indexes, and below more senior ranking loans. Credit Suisse's index of junk-bond yields is down from 8 percent a year ago. Junk bonds are rated below Baa3 by Moody's Investors Service and less than BBB- at Standard & Poor's and Fitch Ratings. Junk Bonds Speculative-grade debt buyers are accepting yields as low as 5.98 percent, 8 basis points less than paid on leveraged loans. As recently as June, junk bonds yielded 114 basis points more than more-senior leveraged loans, JPMorgan Chase & Co. data show. Junk bonds have returned 121.8 percent, including reinvested interest, since the end of 2008, according to Bank of America Merrill Lynch's U.S. High Yield Index. That's better than the 78.1 percent gain for the S&P 500, when including dividends. Farmland prices in the Kansas City Fed's district, which covers western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico, set records in the third quarter, according to the Fed bank's Survey of Tenth District Agricultural Credit Conditions. Non-irrigated cropland prices were up 25 percent from a year earlier and irrigated land values advanced more than 20 percent, according to the survey. Market Distortions "There are extreme market distortions occurring due to the unusual monetary policy," said Lawrence Goodman, president of the Center for Financial Stability and the former director of Quantitative Policy Analysis at the U.S. Treasury. "The upshot is we are seeing increasing debate in FOMC meetings." The 59-year-old Bernanke, who helped the U.S. economy weather the worst financial crisis since the Great Depression, finishes his second term in a year and his legacy will be defined partly by whether the Fed withdraws stimulus without causing a collapse in markets that hurts economic growth. Policy makers in recent weeks have voiced concern about market imbalances. Fed officials are "worried" and "working very hard on trying to make sure that we are aware of where imbalances or distortions are showing up and we don't go too far down the road before we try to address those," Philadelphia Fed President Charles Plosser said to reporters last week. Lockhart said this week he is concerned about the markets for Treasuries and mortgage-backed securities. The Fed each month is buying $45 billion in Treasuries and $40 billion in mortgage bonds. Interrelated Markets "Markets are highly connected and highly interrelated so a severe spell of financial instability obviously would be much broader than the markets in which we are making the purchases," Lockhart told reporters in Atlanta. He said he sees "no immediate threats." Fed officials frame the debate in terms of costs and benefits and for now see more benefits in trying to reduce unemployment with further balance sheet expansion. "They are still mostly in the mode of looking to support the economy," said Phillip Swagel, a former assistant secretary for economic policy at the U.S. Treasury who is now a professor at the University of Maryland's School of Public Policy in College Park. "For them to take action to head off financial sector froth when the economy is still weak is very difficult," Swagel said. Still, the FOMC said last month that "readings on financial developments" now weigh into how long it will sustain stimulus at current levels. England's King Central bankers elsewhere are also wary of excessive valuations. Bank of England Governor Mervyn King, whose benchmark interest rate is 0.5 percent, told U.K. lawmakers on Jan. 15 that "the search for yield appears to be beginning again" and merited monitoring. Bank of Canada Governor Mark Carney, who will succeed King in London in July, has warned a rapid drop in house prices is a major threat to the Canadian economy given record household debt. "Policy makers are right to worry about the risks to financial stability from large-scale asset purchases," said Richard Barwell, a former Bank of England economist now at Royal Bank of Scotland Group Plc. "There is a delicate balancing act between providing much needed stimulus and encouraging another search for yield with investors over-stretching themselves." Monitoring Conditions Bernanke said this week that the central bank since the financial crisis has "increased enormously the amount of resources we put into monitoring financial conditions." Bernanke set up a new Office of Financial Stability Policy and Research headed by Nellie Liang, an economist, to conduct financial system surveillance. Daniel Tarullo, the Fed governor in charge of bank supervision and regulation, established the Large Institution Supervision Coordinating Committee (LISCC), a group of economists, quantitative modelers, lawyers, payment systems specialists and reserve bank supervisors who look for risks among the largest financial institutions. Both groups seek to identify the links between financial firms that could rapidly spread instability, much like subprime assets during the financial crisis last decade. While saying officials need to be "open-minded" about how monetary policy can lead to excessive valuations, Bernanke said this week he considers supervisory tools "the first line of defense" against asset-price bubbles. Yet bank regulators don't always act quickly enough to defuse challenges to financial stability, said Sheila Bair, former chairwoman of the Federal Deposit Insurance Corp. "Sometimes we know a lot and the problem is we are not acting on what we know," said Bair, a senior adviser to The Pew Charitable Trusts. "I worry that there is still too much" inertia among supervisors of financial firms. To contact the reporter on this story: Craig Torres in Washington at ctorres3@bloomberg.net. To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net. More on the Fed:    |
| Four "must know" tips for purchasing a quality used car Posted: 18 Jan 2013 09:53 PM PST From Eric Peters Autos: If you go new-car shopping, your main worry is price. You don't have to worry about the particular car. The red one sitting next to the silver one that’s parked next to the yellow one on the dealer's lot... they're all the same. It doesn't really matter which one you pick – other than colors and options. And, of course, the price. With a used car, it's exactly the opposite. A given used car is an individual – distinct from the thousands of others of the same make/model that rolled off the line that year. It was driven differently – and maintained differently. It may have been babied – or it could have been abused. No two examples of a given make/model/year used car will ever be the same as far as their mechanical and cosmetic condition, the miles on the clock, the stains on the seats, or the intervals at which necessary service (such as oil and filter changes) was performed. Condition – rather than price – is what matters most when used car shopping. Unfortunately, condition involves variables and subtleties that make haggling over new car prices seem like a cakewalk. Most people know about dealer invoice vs. manufacturer's suggested retail price – and how to research dealer incentives and all the rest of it. It's not rocket science; the info is available and it's all pretty straightforward – being just numbers. But how do you determine whether the used vehicle you're looking at was ill-treated by its previous owner? Whether high-quality service parts were used – or the cheapest no-name crap on discount at Wal-Mart? Dealers (and even private sellers) can cover up stuff better than Lady Gaga's make-up people. And once you've signed the contract and handed over your dollars, any problems are now your problems – because in most states, there is no warranty implied unless it is specifically stated... Scared yet? That’s a good state of mind to be in when shopping used cars. I like to compare it with my personal policy when riding a motorcycle: Assume every driver is deliberately trying to kill you. A little precautionary paranoia in dicey situations can save you a lot of trouble. All right. So, how about some practical used-car buying advice? More on autos:    |
| Something unusual could be happening in gold stocks now Posted: 18 Jan 2013 09:53 PM PST From Gold Scents: ... I want to discuss the mining stocks. It seems everyone has an excuse for why the miners have underperformed lately. Needless to say, I don't really buy any of that nonsense. However, I am as confused as everyone else to come up with a reasonable explanation for why miners continue to sell for these ridiculously cheap valuations. Whenever I am confused, usually the first thing I do is pull up a very long-term chart so I can get a feel for what is really going on, and eliminate the distraction of the day to day wiggles. I think we are all wondering when the miners are going to join the party as it certainly appears that gold and silver both have formed major yearly cycle bottoms. What I saw was quite a surprise. The character of the mining sector has changed completely. For the first time in this bull market, miners are... More on gold stocks:    |
| By the Numbers for the Week Ending January 18 Posted: 18 Jan 2013 07:16 PM PST This week's closing table is just below.
Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week's technical changes, should be completed by the usual time on Sunday (by 18:00 ET). To subscribe to Got Gold Report please click on the "Subscribe to GGR" button at top right. Join us today. |
| TF Metals Report interviews GATA secretary about Bundesbanks partial gold repatriation Posted: 18 Jan 2013 06:02 PM PST GATA |
| Has The Gold ETF Bull Market Run Its Course? Posted: 18 Jan 2013 05:17 PM PST By Tom Lydon: Is the 14-year bull market in gold winding down? As equities rally early on in 2013, some are betting that the run-up in gold is over, evidenced by the poor performance of the metal and related exchange traded fund in the fourth quarter. "Many analysts have declared that the bull market for gold is over and that its price will not advance much further than $1,700 per ounce," John Nyaradi wrote for MarketWatch. Meanwhile, Goldman Sachs commodity analysts introduced a new call: gold at $1,200 an ounce by 2018, Business Insider reports. The analysts think an improving economy will lower demand for safe-haven assets like gold, and they expect interest rates to rise. Also, outflows from gold-back ETFs would speed a decline in prices, they said. Gold prices and the largest focused ETF, SPDR Gold Shares (GLD), have been in a downtrend since the fourth quarter of Complete Story » |
| Posted: 18 Jan 2013 03:29 PM PST GoldSilver |
| Silver ETF Holdings See Massive Spike, U.S. Mint Runs Out Of Coins Posted: 18 Jan 2013 03:17 PM PST By Hard Assets Investor: Investors furiously bought silver in recent days, but prices remain subdued—for now. Silver holdings in the iShares Silver Trust (SLV) were unchanged on Thursday, after spiking a whopping 18.4 million ounces on Wednesday. The one-day increase was only slightly less than the 20.8 million ounces that the fund added in the 12 months prior to Wednesday. For added context, silver holdings across all silver exchange-traded funds increased by 59.4 million troy ounces over the last 12 months (excluding Wednesday). Including Wednesday's spike, holdings were up 79.4 million ounces over the past year. That's roughly 8 percent of annual silver supply, which is around 1 billion ounces. While many market participants were taken aback by the surge in the iShares Silver Trust's holdings, the impact on silver prices was minimal. Prices have crept up in recent sessions, but they are well within their recent trading range and essentially unchanged from where Complete Story » |
| Silver Momentum Builds as U.S. Mint Sells Out of January Eagles Posted: 18 Jan 2013 02:22 PM PST CNBC's commodities observer Sharon Epperson with a brief note about silver from Friday, January 18. Topics include heavy demand in silver ETFs and a shortage of silver Eagle coins at the U.S. mint.
Direct link to the video: http://video.cnbc.com/gallery/?video=3000142169 |
| Posted: 18 Jan 2013 02:15 PM PST Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel's manipulation of the silver market. Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the [...] |
| 3 Reasons To Consider Goldcorp Now Posted: 18 Jan 2013 01:58 PM PST By Income Hunter: Goldcorp (GG) is the world's second largest producer of gold in terms of market capitalization. Goldcorp's cost effective exploration strategy has helped it attain a low exploration cost of $14 per ounce of gold for the year 2011. Things are looking even better for Goldcorp in 2013. Below, I will discuss three reasons investors should consider Goldcorp now. Volatile But Trending Higher Prices for gold have been highly volatile. In June 2012, the price of gold was somewhere around $1,685 per ounce whereas in November 2012, it was about $1,730. Then, in December 2012 it was $1,650 per ounce, suggesting lack of stability in the market. Based on current trends and analyst predictions, I believe that the price will not move much further beyond $1,668 per ounce of gold, that too at a pace much slower than in past years. Although returns from gold have been positive Complete Story » |
| Gold and Silver Disaggregated COT Report (DCOT) for January 18 Posted: 18 Jan 2013 12:42 PM PST HOUSTON -- This week's Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below. (DCOT Table for January 18, 2013, for data as of the close on Tuesday, January 15. Source CFTC for COT data, Cash Market for gold and silver.) (More...) In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report. |
| Posted: 18 Jan 2013 12:25 PM PST Before reading this; watch this video. (money shot at 11:20) The Phantom Menace: Gold Bugs Are Waging War Against Their Own Hallucinations Earlier this week the Bureau of Labor Statistics released its monthly inflation report. The numbers came in at … Continue reading |
| TFMR Podcast #38 - Chris Powell of GATA Posted: 18 Jan 2013 12:21 PM PST Podcast URL: http://traffic.libsyn.com/tfmetals/Powell.mp3 Featured: Earlier today, I had the pleasure of visiting with Chris Powell, who along with Bill Murphy, founded the Gold Anti-Trust Action Committee back in 1998. With all of the news this week surrounding The Bundesbank and their gold repatriation plans, I figured that Chris would be able to add some additional context to the story.      |
| Jim Willie: The Petro-Dollar Sunset Posted: 18 Jan 2013 12:15 PM PST With this week's 600+ ton gold repatriation announcement by the Bundesbank, Germany certainly appears to be taking Jim Willie's advice to heart that those who exit the USdollar system first will be the leading nations in the next global economic chapter. By Jim Willie, GoldenJackass.com The day is nigh where the Saudis accept non-US$ payments [...] |
| Kyle Bass – Japan ‘Debt Time Bomb’ Ticking Posted: 18 Jan 2013 11:51 AM PST Hayman Capital's Kyle Bass gets a few minutes of CNBC time today in New York. Bass says that Japan's move to attempt to create inflation through weakening the Yen is a trigger that will detonate her 'debt time bomb.' He figures the fuse has maybe 18 to 24 months of time left.
Direct link to the CNBC clip: http://video.cnbc.com/gallery/?video=3000142263 |
| Discussion About New Gold Standard Heating Up Online Posted: 18 Jan 2013 11:46 AM PST Gold Silver Worlds The key facts to underpin his point are the following:
Now interestingly, the author points to a quote from Jim Sinclair, a legend in the gold business, and admits he doesn't really see how "the Bundesbank's action will prove the death knell of dollar power". In a reaction on the article, Jim Sinclair e-mailed his subscribers the following:
Gold Report Sign Up Below
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| Gold Price – The January Effect Posted: 18 Jan 2013 11:39 AM PST In this essay we will present the expectation for the price of gold to rise during January and February, based on seasonal trends. Charts are courtesy Stockcharts.com unless indicated. The energy for a rise in gold prices comes from at least four different sources. #1 U.S. Federal Government deficits. This chart courtesy Federal Reserve Bank of St. Louis and Mybudget360.com shows the widening of the U.S. Federal Government deficit since 2008. The gap shows no signs of narrowing, as it requires increased taxation (which stifles economic activity), or decreased spending (something Mr. Obama and most politicians find hard to do). Deficits are a source of energy for precious metals (as printing presses are used to make up the shortfall). #2 Real Interest Rates. This chart shows the 'real rate' of interest. It is derived at by deducting price inflation as expressed by the CPI, from current Treasury Yield. This 'real rate' is presently -1.75%. This means money that is held in Treasuries is losing out by more than 1.75% per year (paying taxes on the yield adds insult to injury). In view of the fact that the official CPI rate is regularly understating the actual rate of price inflation, the 'real rate of inflation' is even worse than this chart portrays. In any event, this negative trend provides energy for gold and silver to rise in price. The Safest Way To Leverage The Coming Gold Mania #3. The expected rate of price inflation. Featured is the daily bar chart for TIP, the bond fund that is indexed to inflation. The people who buy shares in this fund are concerned about price inflation, and the trend is clearly upward bound. #4 Currency destruction. This chart courtesy Federal Reserve Bank of St. Louis shows the MZM Money stock continues to rise. In the past four years the Obama administration, in concert with the U.S. Congress, has added five trillion dollars to the U.S. Federal debt. At the same time five Central Banks printed seven trillion dollars in new currency. Thus twelve trillion dollars that did not exist in 2008 are now looking for a home. This monetary destruction produces price inflation (after a lag – as it takes the average person a while to catch on). "Like gold, US dollars have value only to the extent that they are strictly limited in supply. But the US government has a technology called the printing press that allows us to print as many dollars as the government wishes, at essentially no cost." …Ben Bernanke. Featured is the weekly gold chart. Since the gold bull market began in 2002, there have been three major corrections. The first one began in 2006. It took 71 weeks before a new record high price was established. Gold then rose by 50%. The next correction began in 2008. 77 weeks later gold established a new record high. Price then rose by 90%. The current correction began in 2011. It has been 72 weeks since the last time gold was at a record high price. In five weeks we will have matched the 2008 price dip duration. As long as the four 'drivers' mentioned above remain in place, the expectation is that gold will continue its overall rise in price. To take advantage of this trend it behoves us to 'BUY LOW SO WE CAN SELL HIGH.' This chart courtesy seasonalcharts.com shows the seasonal pattern of the price of gold on a monthly basis. Historically gold moves higher during January and February -especially when the price has dipped during December, (as it did in December 2012). This chart courtesy Chartsrus.com shows the amount of gold that is moving through Hong Kong into China. Last month 63 tons of gold moved into Chinese vaults. According to ZeroHedge.com 90.8 tons moved into Chinese vaults in November. This was the second highest gross import number of 2012, double the 47 tons imported in October (which many saw, incorrectly, as an indication of China's waning interest in the yellow metal), and brings the Year to Date total to a massive 783 tons of gold. Featured is GLD the gold bullion ETF. The Accumulation/Distribution line is at the top. Usually, when price drops while the A/D line rises, pressure builds on price to follow the A/D line. The supporting indicators (green lines), are positive. The 50DMA is in positive alignment to the 200DMA (oval). A breakout at the blue arrow will be the first sign that a new uptrend is underway. This chart courtesy Google Trends shows the interest in 'gold investment' as reflected by web searches. High points on the chart coincide with tops in gold and bottoms (as now) coincide with bottoms in the price of gold. The trend is turning up, and that is a positive sign for gold. Gold at year's end has been higher than at the beginning, every year since yr 2000. The gain during 2012 was 6.9%. 2001 = + 1.96; The average is 17.05%. Please note that the % rise in every year below the average of 17.05% was followed by a year where the rise was higher than the average. Odds are (no guarantee – just odds), that the 2013 increase will exceed 17.05%. Silver stands to benefit from the same energy that is causing gold to rise in price. Featured is the weekly silver chart. The uptrend is clearly defined by the blue trendlines. A breakout at the blue arrow will be the first sign of a new 'leg up.' Featured is PSLV the silver trust. The Accumulation/Distribution line is at the top. Usually when the A/D line rises, it puts pressure on price to follow, as happened in August. As long as the AD continues to rise, the expectation is for price to follow. Peter Degraaf is a mining stock and bullion investor with over 50 years of experience. He produces a daily report for his many subscribers. Ask for a free copy of a recent report itiswell@cogeco.net or visit his websitewww.pdegraaf.com |
| “The answers should frighten anyone who is long the U.S. Dollar and hence short gold.” Posted: 18 Jan 2013 11:38 AM PST Gold Breakout In Process, Thanks To Germany The announcement by the Bundesbank of their intention to repatriate a portion of their gold reserves held in foreign central bank vaults is the beginning of the next phase of not only the … Continue reading |
| Gold is setting up for a massive breakout in 2H 2013 Posted: 18 Jan 2013 11:34 AM PST The current consolidation is most similar to the 2004-2005 consolidation. It is 17 months old and will last two years unless it can blast through $1,800 on the next try.  |
| Will platinum outperform gold in 2013? Posted: 18 Jan 2013 11:22 AM PST Platinum and gold have been playing a game of tag, and this week, platinum took the lead again regaining its rightful position up front, but for how long?  |
| German gold: Four lessons for private investors Posted: 18 Jan 2013 11:13 AM PST The Bundesbank's announcement contained little news for the market. But for private investors...?  |
| Posted: 18 Jan 2013 10:27 AM PST Keiser Ethical Silver is ethically sourced from recycled bullion and bullion from mines that fit UN Social Responsibility guidelines which means that for the first time ever corporations looking to diversify into ethical bullion have a way to do so: … Continue reading |
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