Gold, Silver & Other Precious Metals 15 (Aug 16 - Jul 17)

[winston]

Platinum - Lower; US$914 from US$948 from US$975
a. Use: Catalytic Converters (43%); Jewelery (35%)
b. Rare: 170 metric tons (Gold 3100 Metric tons)
c. Demand > Supply: 120,000 ounces (5th year of Deficit )
d. US Auto Sales weak

[winston]

Gold: 1226.90, -1.70.

Gapped lower and sold Thursday, unable to hold a bounce Friday.

Gold has gapped sharply lower through support and does not look well.

Source: Investment House

[winston]

Chart of the day: No silver lining

by Nicole Elliott

For almost three years, silver has been cheap relative to gold, a tendency which has accelerated since April.

Today, one needs 75 ounces of silver to buy one of gold instead of just 68.

You can see this clearly in the candlestick chart with three large consecutive weekly falls in spot silver, a chart pattern known as three black crows, which started with a bearish engulfing candle against the top of the weekly cloud.

The move reinforces the power of secular trend-line resistance drawn from 2012’s high (not 2011’s record high at US$49.50 per ounce) and suggests prices will fall back down through December’s low at US$15.50 to US$14.50, maybe 2015’s low at US$13.60.

Source: SCMP

http://www.scmp.com/business/markets/ar ... ver-lining

[winston]

7 reasons gold prices will crash this summer

By Jeff Reeves

Stocks are up, dollar is strong, and Fed keeps reins tight

Source: Market Watch

http://www.marketwatch.com/story/7-reas ... yptr=yahoo

[winston]

Why the Gold Bull Market Will Continue

by David Yoe Williams

Source: The Street

https://www.thestreet.com/story/1413195 ... yptr=yahoo

[winston]

Gold: 1227.70, +3.50.

Modest bounce Thursday and Friday toward a 10 day EMA test. Gold still under pressure.

Source: Investment House

[winston]

CHART: Another sign precious metals are close to a bottom

by Justin Brill

History suggests gold and silver prices could fall farther as the last remaining bulls give up.

Source: Stansberry Digest

http://thecrux.com/another-sign-preciou ... -a-bottom/

[winston]

Gold hasn’t been this cheap relative to the Dow since 2008

by Chris Lowe

Source: Bonner & Partners

http://thecrux.com/chart-gold-hasnt-bee ... ince-2008/

[winston]

A major extreme in platinum

by Dr. Steve Sjuggerud

Source: True Wealth Systems

http://thecrux.com/platinum-just-hit-it ... e-to-gold/

[winston]

Gold: 1253.60, +0.80.

Gold broke through the 200 day SMA Wednesday during that turmoil.

Paused Thursday, sold Friday, reversed to hold the 200 day.

Rallied, paused, resumed.

Source: Investment House