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

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

Postby winston » Sat Dec 16, 2017 10:19 am

Gold, languishing at a five-month low, still isn’t ripe for buying

By Mark Hulbert

More bearishness needs to set in for contrarians to embrace the precious metal

Source: Market Watch

https://www.marketwatch.com/story/gold- ... 6-91746477
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Mon Dec 18, 2017 8:28 pm

Silver: Double-Digit Gains This Year

By PETER KRAUTH

Unlike gold, about 50% of annual silver production gets consumed by various industries, never to be seen again.

About 70% of mined silver are "byproduct." The remaining 30% comes from mines which primarily produce silver itself.

2/3 of primary silver miners have seen their production fall this year. And World Metal Statistics reported that silver production has been adversely affected in some key producing nations in the first eight months of 2017: down 1% in Peru, 2% in Mexico, 19% in Australia, and 20% in Chile.

If silver stocks have bottomed before silver, the stocks may now lead the metal higher.

I think silver is likely to regain its 2017 high of $20.50 in the first half of 2018.

As for the back end of next year, I'd expect to see silver make it into the $22 to $24 range. At the upper end, that's around a 50% gain from where we're sitting this week.

Global X Silver Miners ETF (NYSE: SIL)


Source: Money Morning

https://moneymorning.com/2017/12/18/sil ... lip-mania/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Thu Dec 21, 2017 7:50 pm

How Bitcoin and the Fed Brought Us a Gold and Silver Bottom

By PETER KRAUTH

The dollar may be completing a bearish technical "head-and-shoulders" formation.

If the DXY closes back below 93, then 91.5 will be the next crucial level to watch. We may have seen an interim peak for the dollar near 95 in early November.

The sell-off action that both gold and silver stocks experienced over the past few weeks looks and smells like nothing less than a capitulation by the weak hands that held these stocks.

I believe, especially if the U.S. dollar continues to weaken, that the next couple of months may produce some impressive gains for this sector.


Source: Money Morning

https://moneymorning.com/2017/12/21/how ... er-bottom/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Thu Dec 21, 2017 7:50 pm

How Bitcoin and the Fed Brought Us a Gold and Silver Bottom

By PETER KRAUTH

The dollar may be completing a bearish technical "head-and-shoulders" formation.

If the DXY closes back below 93, then 91.5 will be the next crucial level to watch. We may have seen an interim peak for the dollar near 95 in early November.

The sell-off action that both gold and silver stocks experienced over the past few weeks looks and smells like nothing less than a capitulation by the weak hands that held these stocks.

I believe, especially if the U.S. dollar continues to weaken, that the next couple of months may produce some impressive gains for this sector.


Source: Money Morning

https://moneymorning.com/2017/12/21/how ... er-bottom/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Sun Dec 24, 2017 6:56 pm

A new buy signal for the gold sector

by Jeff Clark

The Bullish Percent Index (BPI) for the gold sector just generated its second buy signal for 2017.

A BPI illustrates the percentage of stocks in a sector trading with bullish chart patterns. It’s a measure of overbought and oversold conditions.

In November, $BPGDM dipped below 30. That’s an oversold condition – indicating that less than 30% of the stocks in the gold sector were trading with bullish technical formations.

But yesterday, $BPGDM turned higher from oversold conditions and generated only its second gold stock buy signal of 2017.


Source: Market Minute

http://thecrux.com/chart-a-new-buy-sign ... ld-sector/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Wed Dec 27, 2017 10:54 am

Sales of physical gold and silver are in full collapse

by Patrick Bove

I just read a troubling report from the U.S. Mint.

It appears that sales of physical gold and silver are in full collapse.

At the Mint, U.S. Gold Eagle coins sold through September have dropped 70% compared to last year.

And sales of U.S. Silver Eagle coins fell 72.8% in October compared to October 2016.

Source: Stansberry Research
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Mon Jan 01, 2018 12:50 pm

Gold: 1309.30, +12.10.

Gold sprinting higher the past three weeks into the yearend.

Not at the highs for the year hit in August near 1365, but what a recovery.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Tue Jan 02, 2018 8:02 pm

Five Reasons Why Gold Will Soar in 2018

By GREG MADISON

Source: Money Morning

https://moneymorning.com/2017/12/22/fiv ... r-in-2018/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Fri Jan 05, 2018 11:17 am

The Next Great Bull Market in Gold Has Begun

by Jim Rickards

Source: Daily Reckoning

https://dailyreckoning.com/next-great-b ... old-begun/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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

Postby winston » Mon Jan 08, 2018 11:19 am

Gold: 1322.30, +0.70

Up all week, continuing 4 week run off the lower low from early December.

A pause after that kind of move is normal.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Archives

Who is online

Users browsing this forum: No registered users and 0 guests

cron