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

Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Wed Aug 09, 2017 7:41 am

The tide turns bullish for gold

by Ben Morris

Gold has traded above its 200-DMA for most of the past four months – is a bullish sign.


Gold and gold stocks are bumping up against resistance right now. And we don’t want to bet on them making sustained moves higher until they break out. But overall, the picture is bullish.


Source: Daily Crux

http://thecrux.com/the-tide-turns-bullish-for-gold/
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Thu Aug 10, 2017 9:28 pm

Silver Eyes Bullish Flag

By Satendra Singh

Silver futures seem ready to take the next step to enter into a Bullish Flag Pattern.

After moving into a Bullish Channel since July 10 and touching the lowest point, a quick reversal on the same day, confirmed the solidarity of the move in the daily chart and confirms the occurrence of an up move ahead.

I sensed this pattern in advance and noted it in my analysis, but readers hardly wanted to believe this due to growing volatility in precious metals.

No doubt, the Silver futures price dipped all of a sudden on July 10, 2017 after my appearance of my analysis but the reversal in a daily was evident enough to form a Bullish Hammer which confirmed my phenomenon of the beginning of an uptrend ahead.

On analysis of the movement of Silver futures price since the beginning of its uptrend, inside a “Bullish Channel” till August 1st, 2017, I find this bullish voyage still has a long way to go ahead.

I find many supporting factors in the current scenario to make the continuity of this Bullish Voyage more prudent amid growing geopolitical concerns and investors’ hope to seek the safest heaven before their fellow beings.

Second solid factor seems to be the hopes of Bears which have been crushed and the Bears are forced to cover their shorts.

Once the bullish move brings the price above the levels of $17.281, second phase of shorts covering will definitely be helping the Bulls to take the command in their hands, and finally the Silver futures price will able to make sustainable moves inside a “Bullish Flag Zone” to attain new heights.

Source: Investing.com

https://www.investing.com/analysis/silv ... -200206315
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Fri Aug 11, 2017 7:19 am

'Gold is about break out on the upside strongly,' Dennis Gartman says

The runup in gold prices is far from over, commodities expert Dennis Gartman told CNBC.

He believes right now investors should have about 10 to 15 percent of their portfolios allocated to gold.

His comments came shortly after Ray Dalio said he recommends investors allocate 5 to 10 percent of their portfolios to gold because of the rising North Korea risk.

by Michelle Fox

He believes inflationary pressures, especially an increase in wages, and the fact that monetary authorities have been expanding supply reserves are going to have a bullish impact on gold.

Gartman has liked the commodity for years and believes right now investors should have about 10 to 15 percent of their portfolios allocated to gold.


Source: CNBC

https://www.cnbc.com/2017/08/10/gold-is ... yptr=yahoo
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Fri Aug 11, 2017 9:01 am

FINALLY! A good setup in gold stocks

by Dr. Steve Sjuggerud

Every time GDX has fallen to $21, it has recovered and bounced higher.

So your good trade “setup” today is to buy GDX, and use a hard stop of $21. If GDX CLOSES any day below $21, sell it the next day.

Your downside risk is about 5% from today’s levels. But your upside potential is many times that.


Source: True Wealth

http://thecrux.com/sjuggerud-finally-a- ... ld-stocks/
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Sun Aug 13, 2017 9:56 pm

Gold: 1294.00, +3.90. Gold is now bumping the April and June highs.
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Sun Aug 13, 2017 9:56 pm

Gold: 1294.00, +3.90. Gold is now bumping the April and June highs.
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Tue Aug 15, 2017 8:55 pm

Will The Death Of Diesel Ruin Platinum?

By Arkadiusz Sieron

Diesel cars produce less carbon dioxide than gasoline cars (thanks to better mileage). Hence, policy makers started to support diesel and the market share of diesel cars in Europe went from 14 percent in 1990 to 50 percent in 2016.


The mayors of Paris, Madrid, Athens and Mexico City have recently announced plans to take diesel vehicles off their roads by 2025.


Platinum which is mainly used as diesel exhaust emissions control catalyst, is likely to continue its underperformance relative to other precious metals.


Source: Investing.com

https://www.investing.com/analysis/will ... -200206728
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Wed Aug 16, 2017 6:34 pm

Timing Gold Perfectly (and Playing It Profitably)

By LEE ADLER

The U.S. government holds 261.5 million ounces of gold.

Uncle Sam doesn’t mark to market!

It just carries the stuff at the nominal value of $42 an ounce, which is about 3% of its market value.

The U.S. Federal Reserve shows its gold holdings are “worth” $11 billion – enough to cover any hiccups that might arise from its once-radioactive, still-vulnerable mortgage-backed securities.

But at current market prices, the U.S. government’s gold reserve is worth close to 30 times as much as the books show – about $329.5 billion.


Clearing $1,300 would break the six-year downtrend of the gold bear market. It would be a sign that gold is once again on the way in another of the periodic bull runs that have occurred throughout history.

It could be bought here, with a stop at $1,200, or it could be bought on a breakout above $1,300, but again, with a stop-loss order at the long-term trendline. That’s now at $1,200, rising at about 10 points per month.


Source: Money Morning

https://moneymorning.com/2017/08/16/her ... rofitably/
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Fri Aug 18, 2017 9:12 am

India just fired the first shot in the War on Gold

by Mike “Mish” Shedlock

The Directorate General of Foreign Trade issued a notice limiting shipments of jewelry, coins and medallions to 22 carats or below, without giving a reason.


“The move may be to reduce round-tripping of jewelry and coins, wherein a trader can import the gold coins or jewelry at a lower import tax because of trade agreements with some countries and re-export the same stock without any value addition,” said Ketan Shroff, joint secretary of the India Bullion and Jewellers Association Ltd.

The exporters would benefit from not paying the 10 percent import tax currently levied on most inbound shipments of gold, he said.


Source: MishTalk

http://thecrux.com/india-bans-gold-expo ... id-reason/
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Mon Aug 21, 2017 9:44 am

Gold: 1290.30, -2.10.

After bumping back up to the April and June highs last week, gold sold to the 20 day then rebounded into Thursday.

Again having issues at the April and June highs.

Definitely in the range for now.

Source: Investment House
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