Gold, Silver & Other Precious Metals 16 (Aug 17 - Apr 19)

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

Postby winston » Tue Mar 27, 2018 10:23 am

Goldman Sachs expects gold to 'outperform' amid growing fears of a stock market correction

"Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say," Goldman Sachs analysts, led by Eugene King, said in a research note published Monday.

Last week, the Federal Reserve approved the widely anticipated quarter-point rate hike to put
the new benchmark funds rate at 1.75 percent.

Central bankers, led by Jerome Powell in his first meeting as chairman, also hinted the path of rate hikes could be more aggressive.

by Sam Meredith

Goldman's analysts said signs of an uptick in inflation and the "increased risk" of a stock market correction should both prove to be price supportive for bullion.


Source: CNBC

https://www.cnbc.com/2018/03/26/goldman ... ction.html
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Fri Apr 06, 2018 7:39 am

Gold bug says trouble ahead for gold stocks

by Jeff Clark

I am not a fan of how gold stocks are trading right now.

As I’ve said many times this year, I think the gold sector will be much higher later this year than where it is today. So, I expect to have plenty of exposure to gold stocks in anticipation of a large rally in that sector.

But in the short term, if I set my gold-colored glasses aside and focus just on the technical action, it doesn’t look good.

Gold has held up reasonably well during this stock market correction. The yellow metal hit $1,355 on Monday. That put it up about 3% for 2018 – which is far better than the stock market.

But, GDX – despite rallying last week – has lagged that action. GDX started the year at $23.25. It closed yesterday at $21.62. So, while gold is up 3% in 2018, most gold stocks are down about 7%.

That’s not good. Gold stocks tend to lead the action in gold. So, with the performance of GDX lagging the performance in gold, we just might be setting up for a downside surprise in the gold sector.

Here’s the current chart of GDX…

Last Monday, GDX ran right up to the resistance of its 50-day moving average (MA) line. And then it turned back. On Wednesday, GDX tested its 9-day exponential moving average (EMA) – $21.87 – as support… and failed.

Now it looks like GDX is headed back down to the $21.25 support line – which has been tested twice this year already.

If GDX fails to hold at the $21.25 support level, then look out below. We could see a quick flush lower for the gold sector. GDX might press as low as $20. And that’s where I’ll be willing to step up and buy.

It’s a lot to ask for. And I’m not saying things will play out this way. But you should be prepared if the opportunity presents itself.

The next few days and weeks might be tough on the gold sector. But short-term weakness could present a chance at longer-term gains.

Source: Jeff Clark’s Market Minute

http://thecrux.com/trouble-ahead-for-gold-stocks/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Apr 09, 2018 9:46 am

Gold: 1336.10, +7.60.

Gold tested again on the week, now a 2 week test to the 50 day MA, attempting to put in a higher low and take on resistance at 1360-65.

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

Postby winston » Thu Apr 12, 2018 11:47 am

Stocks Hedge Funds Are Buying: SPDR Gold Shares (GLD)

The SPDR Gold Shares (NYSEARCA:GLD) is the world’s largest gold-backed ETF and also a favorite ETF in the hedge fund community.

Among non-equity ETFs, GLD is one of the most widely held by professional investors.

Historically, gold prices are challenged by rising interest rates because bullion does not pay a dividend.

However, the dollar has not been responsive to the Federal Reserve’s recent rate hikes, which is good news for dollar-denominated commodities like gold.

Investors are responding as GLD has taken in over $1 billion in new assets this year. Near-term catalysts include a possible upside break of $1,400 and the belief by many in the gold industry that supply will be declining because most of the world’s easy-to-access gold has already been mined.

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

Postby winston » Mon Apr 16, 2018 10:25 am

Gold: 1347.90, +6.00.

Broke higher Wednesday but then fell, only to start to rebound Friday.

A 2.5 month base looks close to breaking out.

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

Postby winston » Wed Apr 18, 2018 10:12 am

“They Know What’s Going To Happen” – Governments, Big Banks Are Stockpiling Gold

Source: SHTFPLAN.COM

http://www.thetradingreport.com/2018/04 ... ling-gold/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Apr 23, 2018 8:18 am

Gold: 1338.30, -10.50.

Flopped Friday after a tight lateral move all week.

Still in the range, but not breakout out Friday.

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

Postby winston » Wed Apr 25, 2018 9:09 am

It’s time to take a hard look at gold stocks

by Richard Smith

GDX, the bellwether gold stocks ETF, may have completed a rounding bottom over the past few months.

If a gold miner has an average mining cost of $900 per ounce, and the price of gold is $1,300 per ounce, each unhedged ounce of gold is worth $400 of profit ($1,300 minus $900 = $400).

If the price of gold rises to $1,700 per ounce, all else being equal, the miner’s profit margin would go from $400 to $800 per ounce. That would be a 100% increase in profits.

This explains why even a modest increase in the price of gold can have a substantial impact on gold miner profit outlooks. Gold stocks have significant leverage relative to the gold price.


Source: TradeStops

http://thecrux.com/its-time-to-take-a-h ... ld-stocks/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Thu Apr 26, 2018 2:12 pm

Gundlach On Gold: “Something Big Is Happening… It’s Getting Exciting”

by TYLER DURDEN

Based on classic chart reading, an “explosive, potential energy” of a huge “head-and-shoulders bottom” base was signaling a move of $1,000 in gold prices.

And added that “Gold is maintaining an upward pattern above its rising 200-day moving average, which is extremely good.”


Source: TTR

http://www.thetradingreport.com/2018/04 ... -exciting/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Sat Apr 28, 2018 7:19 am

The coming boom in gold prices. . .

by Simon Black

Mining companies aren’t finding anymore vast deposits.

Gold price has been relatively flat for the past several years.

Investors have lost interest. And the mining companies, eager to cut costs, have pared back their exploration budgets as a result.

New gold discoveries have collapsed in the past 15 years.

Gold coins typically sell at a price that’s higher than the market price of gold– to account for the work involved in minting the coin. This price difference is known as the ‘premium’.

And when gold becomes popular, the premiums often increase too.


Source: Sovereign Man

https://www.sovereignman.com/internatio ... ces-23378/
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