Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18)

Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Tue Feb 13, 2018 9:38 pm

THIS RATIO IS STRETCHED TO ITS EXTREME

Today's chart highlights an extreme in the precious metals sector...

Regular DailyWealth readers know that we often like to measure assets in different ways. A simple chart will often tell you a lot.

But sometimes it's a good idea to measure one asset against another. These "ratios" can provide a different perspective.

One that we often look at is the gold-to-silver ratio. A rising ratio shows that gold is expensive relative to silver, and a falling ratio shows that gold is cheap relative to silver. The gold-to-silver ratio historically moves between 50 and 70. But today, it's trading much higher...

As you can see below, the gold-to-silver ratio climbed to more than 80 last week. That means that right now, it takes 80 ounces of silver to buy one ounce of gold.

The ratio has only been this "stretched" a few other times in history. This extreme reading suggests that silver is a better value than gold today...

Source: Daily Wealth
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Sun Feb 18, 2018 9:25 pm

Why a new Japanese emperor and the Tokyo Olympics mean a glittering Year of the Dog for gold

The possibility of further falls in stock prices, as well as uncertainty over the strength of the US dollar and over the Brexit process will also add to the lustre of gold this year

Gold has already risen 10 per cent in the lunar year just ended, and as well as Japanese demand, a weak US dollar, a shift from shaky stock markets and political tensions in Europe over Brexit will keep the outlook for the commodity promising this year, analysts said.

“According to Japanese tradition, the Japanese government will issue gold coins to celebrate the new emperor ascending the throne in 2019”.

“Japan will also issue gold coins to celebrate the 2020 Olympic Games in Tokyo, and the market expects the Japanese government to start purchasing physical gold in the second half of this year to meet this demand.


Source: SCMP

http://www.scmp.com/business/companies/ ... ering-year
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Feb 19, 2018 11:15 am

Gold: 1356.20, +0.90.

Big surge Wednesday, then flat and lateral into the weekend.

Strong break higher as inflation fears are up given the continued and accelerated profligate US spending, spending they are thinking saddling on the average US citizen with a $0.25/gallon gasoline tax.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Feb 26, 2018 8:30 am

Gold: 1330.30, -2.40.

Fell to the 50 day MA on the week, unable to rally off that level, but overall still in a good upside move.

Inflation worries fell a bit on a perceived more hawkish Fed, but the trend is still higher.

Source: Investor Place
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Mar 05, 2018 8:44 am

Gold: 1323.40, +18.20.

Gold could not make up its mind on the week, though it was lower.

Sold hard Tuesday and again Thursday, falling through the 50 day MA.

Friday a bounce, but it did not change the pattern.

Very jumbled right now as it could not hold an easy 50 day MA test.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Tue Mar 06, 2018 11:45 am

Here’s How Central Banks Actively Suppress The Price Of Gold

by TYLER DURDEN

We don’t know how much gold has ever been swapped out. And how much gold remains. Because nobody has ever been required to make a distinction there.

Our interest here is defining why that would be. Why are central banks interested in doing this kind of transaction?

Gold Forward Rate: Central banks allow gold miners to hedge their exposure by fronting them the gold to sell short before they ever pull the metal out of the ground.

Often, we get what traders call “gold pukes” – sudden, sharp declines in the price of gold – often around 8 am.

In the middle of 2017, it came to light that the Bank For International Settlement, which is the central bankers’ central bank, had swapped 346 tons of gold with ten European banks in December of 2009 and January of 2010. And people couldn’t figure out why that was.




Source: TTR

http://www.thetradingreport.com/2018/03 ... e-of-gold/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Wed Mar 07, 2018 7:49 am

Gold’s decline is temporary

by Jeff Clark

This weekly chart of gold shows the price tracing out an ascending triangle pattern. This is a bullish pattern where the chart makes a series of higher lows while running into the same resistance level. Most of the time, this pattern resolves by breaking out to the upside and accelerating higher.

There is room for gold to work slightly lower over the next few weeks. The price could decline to the rising support line at about $1,285 – which lines up well with the 50-week moving average.

The resistance line is at about $1,365; Longer-term bullish target $1,580.


Source: Jeff Clark’s Market Minute

http://thecrux.com/golds-decline-is-temporary/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Mar 12, 2018 10:06 am

Gold: 1324.00, +2.30.

Gold has stalled out at the 50 day MA's as well, but is still in a pretty good pattern.
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Mar 19, 2018 8:38 am

Gold: 1312.30, -5.5.

Unable to hold near the 50 day EMA and breaking lower again.
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Mar 26, 2018 8:25 am

Gold: 1339.90, +22.50.

Big breakout Friday toward the January and February highs.
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