Live Trading News » Metals

Platinum Technical Outlook

Shayne Heffernan — Sun, 19 May 2013 13:43:16 +0000

Platinum Technical Outlook Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting [...]

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Gold, Silver and Oil Trading Preview

Shayne Heffernan — Sun, 19 May 2013 11:00:59 +0000

The Overall Fundamentals The latest report by the World Gold Council indicated that, in Q-1 of this year, recovery in the jewelery sector since Q-4 of Y 2012 continued but investment demand declined relative to Q-1 of Y 2012 and was solely attributable to the net outflows from ETFs. The ETF outflow upstaged the strong [...]

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Gold Price, the Fundamentals are Still Firm

Paul A Ebeling Jr — Sun, 19 May 2013 10:42:34 +0000

Gold Price, the Fundamentals are Still Firm The World Gold Council reported strong demand for the physical metal by consumers, industry and central banks in Q-1 of Y 2013 relative to the same time last year. This growth in demand, however, is being offset by lower speculative investment demand in the form of financial assets [...]

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Gold Investor Sentiment, the Bulls Vs. the Bears

Shayne Heffernan — Sun, 19 May 2013 10:35:50 +0000

Gold Investor Sentiment, the Bulls Vs. the Bears Bullish Sentiment Toward Gold Lowest in 4 yrs + Gold has been on the decline for the last 7 months, the price fell from 1,800 level to a low below 1,325 in April. This price decline action created several interesting and historic developments. In April when the [...]

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Gold demand surges in China, softens Globally

Paul A Ebeling Jr — Fri, 17 May 2013 11:17:23 +0000

Gold demand surges in China, softens Globally China’s demand for Gold rose 20% to 294 tonnes in Q-1 of Y 2013, while global Gold demand slid 13% in the period, according to a new World Gold Council (WGC) assessment. The WGC recorded demand in China for 185 tonnes of Gold jewelry in Q-1, + 19 [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 16 May 2013 18:54:57 +0000

Gold, Silver and Crude Oil Trade BLK US Gold posted losses Thursday but prices finish well off of the daily low following some weaker than expected US economic data. Gold has been dropping for the past week and brushed a 4-wk low Thursday. The near-term technical posture of the precious Yellow metal is firmly Bearish. [...]

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The Gold Price Report

Paul A Ebeling Jr — Thu, 16 May 2013 09:29:54 +0000

GOLD: Soros Fund lowered its investment in the SPDR Gold Trust (55% this year). GOLD: Funds run by Northern Trust and Blackrock also showed reductions in holdings. GOLD: India, gold premiums more than doubled to $40 an ounce yesterday. EURO-ZONE inflation rate dipped to 1.2 % in April from 1.7 % in March. EURO-ZONE: GDP [...]

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The Daily Gold Price Report

Shayne Heffernan — Wed, 15 May 2013 12:20:57 +0000

The Daily Gold Price Report Shayne Heffernan takes a look at the Gold Price MARKETS Spot gold fell as much as 0.5% to $1,418.63 lowest since April 24. June- gold drops as much as 0.5% to $1,417. FACTORS U.S. equities rise limits gold’s safe haven appeal . DJIA gained 123.57 to close at a record [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Tue, 14 May 2013 18:49:10 +0000

Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade lower Tuesday on a stronger USD, and weaker Crude Oil prices. The near-term technical outlook for Gold and Silver Bearish. Jun Comex Gold last traded down 9.50 at 1,425.00 oz Spot Gold was last quoted down 4.80 at 1,426.50 oz Jul Comex [...]

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The Gold Price Report

Shayne Heffernan — Tue, 14 May 2013 08:13:16 +0000

The Gold Price Report Shayne Heffernan takes a look at Gold Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Funds like HeffCap’s Metals Funds that have built a unique portfolio of Metals and Metal related derivatives and equities are set to see strong growth for the next few years. MARKETS Gold rose [...]

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Silver Remains a Buy

LiveTradingNews.com wire staff — Sun, 12 May 2013 11:40:16 +0000

Silver to Gold Ratio Shows that Silver is the Place to be< Here is the silver to gold ratio, or the number of ounces of silver one ounce of gold can purchase. At the close of Friday’s trading an ounce of gold was worth 61.55 ounces of silver; that is a lot of silver, but [...]

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Gold, Silver, Oil Weekly Preview

Paul A Ebeling Jr — Sun, 12 May 2013 11:34:52 +0000

The Overall Technicals Comex Gold (GC) Gold’s consolidation extended last week and despite the dip, it is staying above the minor support at 1404.0. So, this consolidation may continue and another rise cannot be ruled out. But, a s long as the resistance holds at 1526.7, my outlook will stay Bearish. A break below 1404 signals that recovery is [...]

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Gold’s rebound stopped as fund outflows continued Friday

Paul A Ebeling Jr — Sun, 12 May 2013 11:15:41 +0000

Gold’s rebound stopped as fund outflows continued Friday The sharp rebound in the precious Yellow metal from 2 wks ago was not sustainable due to the ongoing capital shifts into equities, an expert on precious metal said Saturday. The price of Gold lost 2.5% during the last week and trades now at around 1,488 oz. [...]

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Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year

Shayne Heffernan — Sun, 12 May 2013 11:07:51 +0000

Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year JPM, PPLT Barclays looks for Platinum and Palladium to remain in supply deficits this year. The bank says South Africa’s supply-side challenges, auto-catalyst recycling and weak European demand are likely to be the dominant themes at Platinum Week events this week, which include the [...]

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Gold Could Rise Further, But Needs Support From ETFs

Paul A Ebeling Jr — Sun, 12 May 2013 11:02:43 +0000

Gold Could Rise Further, But Needs Support From ETFs NMR, GLD Gold prices are up from the lows notched in April, supported by strong physical demand from Asia, but selling out of Gold exchange-traded funds is limiting gains, said Nomura NYSE:NMR. “While we think Gold is likely to rise, it needs a turn from Gold [...]

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Gold Price: Buy the Dips

Shayne Heffernan — Fri, 10 May 2013 13:15:06 +0000

Gold Price: Buy the Dips GOLD (Spot) intraday: the downside prevails. Pivot: 1449.00 Our preference: SHORT positions below 1449 with targets @ 1430 & 1423. Long Term: The upside penetration of 1449 will call for a rebound towards 1462 & 1476. Comment: the immediate trend remains down and the momentum is strong. Opinion published is [...]

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Preview, Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 09 May 2013 19:54:01 +0000

Preview, Gold, Silver and Crude Oil Trade US Gold futures finished pit trade lower Thursday, on some weak economic data from China, and on Bearish outside market forces, a firmer USD index and weaker Crude Oil prices. Jun Comex Gold last traded – 15.70 1,456.10 oz. Spot Gold was last quoted – 4.30 at 1,470.50 [...]

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Gold Prices Advance

Shayne Heffernan — Thu, 09 May 2013 08:02:17 +0000

Gold Prices Advance GOLD (Spot) intraday: the bias remains bullish. Pivot: 1463.00 Our preference: LONG positions above 1463 with 1478 & 1488 as next targets. Alternative scenario: The downside penetration of 1463 will call for 1450 & 1441. Comment: the RSI is supported by a rising trend line. Opinion published is an intraday view. Green [...]

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Gold Up on Strong Demand from Asia

Paul A Ebeling Jr — Thu, 09 May 2013 07:51:41 +0000

Gold Up on Strong Demand from Asia Gold futures on the COMEX division of the New York Merc rose Wednesday to the highest level since 12 April on strong demand from Asia. The most active gold contract for June delivery gained 24.9, or 1.72% to settle at 1,473.7 oz. Demand for physical Gold from Asia, [...]

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Gold, Silver, Copper and Crude Oil Trade

Paul A Ebeling Jr — Wed, 08 May 2013 19:02:48 +0000

Gold, Silver, Copper and Crude Oil Trade US Gold futures finished pit trade higher Wednesday driven by upbeat economic data from China and by Bullish outside market forces, e.g. a lower USD index and firmer Crude Oil prices. Jun Comex Gold last traded + 24.20 at 1,473.00 oz. Spot Gold was last quoted + 21.50 [...]

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Gold Price Report

Shayne Heffernan — Wed, 08 May 2013 12:24:22 +0000

Gold Price Report Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 48.0008. This is not an overbought or oversold reading. The last signal was a sell 5 period(s) ago. Relative Strength Index (RSI) The RSI shows overbought (above [...]

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China Gold Fund

Shayne Heffernan — Wed, 08 May 2013 11:54:05 +0000

China Gold Fund HeffCap is launching a new China Gold Fund CFD, great protection in the current economic environment after the success of their Metals, Currencies and Private Equity Funds. There also CFD funds focused on Metals, Agriculture and Currencies, here is how they work. Contract for Difference, or CFDs as they are commonly known, [...]

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Chinese “Gold Rush” reveals few investment options

Paul A Ebeling Jr — Wed, 08 May 2013 11:30:18 +0000

Chinese “Gold Rush” reveals few investment options Though credited with stabilizing Gold price, the recent Gold-buying spree in China reveals a lack of investment options for Chinese households looking to retain asset value. Despite a new price swing, the precious metal will stay buoyant at 1,542 oz for Y 2013, thanks in part to strong [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 06 May 2013 19:50:02 +0000

Gold, Silver and Crude Oil Trading US Gold futures prices finished pit trade higher Monday. The market found support in improving near-term technicals. The strong demand for physical Gold continues to support the market. Jun Comex Gold last traded + 4.20 at 1,468.40 oz. Spot Gold was last quoted – 1.50 at 1,469.50 oz. Jul [...]

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Gold Price Looking to Move Higher

Shayne Heffernan — Mon, 06 May 2013 12:41:06 +0000

Gold Price Looking to Move Higher GOLD (Spot) intraday: bullish bias above 1463 Pivot: 1463.00 Our preference: LONG positions above 1463 with 1486 & 1491.5 as next targets. Alternative scenario: The downside penetration of 1463 will call for 1441 & 1418. Comment: a support base at 1463 has formed and has allowed for a temporary [...]

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Hong Kong, Mainland Visitors Buying Up Gold

Paul A Ebeling Jr — Mon, 06 May 2013 09:11:17 +0000

Hong Kong, Mainland Visitors Buying Up Gold China has a deep appetite for Gold. Jewellery and Gold bars have been traditionally considered 1 of the safest investment options. With the recent drop in Gold prices, Chinese consumers have not only been on a buying frenzy in cities across the mainland, but also in Hong Kong. [...]

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The Silver Price Report

Shayne Heffernan — Sun, 05 May 2013 15:30:46 +0000

Silver Price is currently 21.0% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into Silver (bullish). Our trend forecasting oscillators are currently bearish on Silver and have had this [...]

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The Gold Price Report

Shayne Heffernan — Sun, 05 May 2013 11:13:00 +0000

The Gold Price Report Shayne Heffernan takes a look at gold trading this week. The Gold Price is currently 11.0% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into [...]

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Gold, Silver and Oil Prices

Paul A Ebeling Jr — Sun, 05 May 2013 08:35:06 +0000

Gold, Silver and Oil Prices Comex Gold (GC) The recovery from 1321.5 extended last week but showed sign of loss of momentum. This recovery is being viewed as a correction only. So, as long as resistance holds at 1526.7, the outlook stays Bearish. A move below 1404 signals that the recovery is finished and will [...]

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Outlook for Gold Prices This Week

Paul A Ebeling Jr — Sun, 05 May 2013 08:12:35 +0000

Outlook for Gold Prices This Week Gold Survey participants are split on their opinion for the direction of the Gold market this week, with no majority formed, though there are a few more Bears this week. Out of 35 participants in the survey, 27 responded, 10 seeing prices up, 12 see prices see prices down, [...]

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Gold Price: Chinese Housewives Vs Wall Street Short-Sellers

Paul A Ebeling Jr — Fri, 03 May 2013 18:05:25 +0000

Gold Price: Chinese Housewives Vs Wall Street Short-Sellers According to a local Hong Kong newspaper, the largest fall in Gold prices in 30 yrs prompted the Mainland Chinese tourists to buy about 60 tonnes of Gold in Hong Kong during the 3-day Labour Day holiday. After this surge of buying, physical demand will inevitably slow [...]

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Gold and Silver Price, Charts, Outlook

Shayne Heffernan — Fri, 03 May 2013 08:31:04 +0000

Gold and Silver Price, Charts, Outlook Silver Price, Charts, Outlook SILVER (Spot) intraday: aim @ 23.05 Pivot: 24.20 Our preference: SHORT positions below 24.2 with 23.05 & 22.6 as next targets. Alternative scenario: The upside breakout of 24.2 will open the way to 24.59 & 24.8. Comment: silver prices are challenging a declining trend line. [...]

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Gold Price Update

Paul A Ebeling Jr — Thu, 02 May 2013 18:12:45 +0000

Gold Price Update Overseas physical demand, a bounce from technical support, expectations for continued monetary easing and safe-haven buying are cited as factors helping Gold rise Thursday. The precious Yellow metal advanced even though the USD did too against the EUR as the DJIA rose sharply. The next Key focus for the market is likely [...]

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Time to Revive the Gold Standard

Paul A Ebeling Jr — Thu, 02 May 2013 17:46:55 +0000

Time to Revive the Gold Standard The prospects for the United States to implement a 21st Century Gold Standard are rising sharply, according to economist and author Ralph Benko. Mr. Benko acknowledged in a recent article the official and academic debate about establishing a new gold standard has been out of favor and even given [...]

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Hot Charts: Gold Price to Fall

Shayne Heffernan — Thu, 02 May 2013 15:53:25 +0000

GOLD (Spot) intraday: the downside prevails. Bollinger Bands are 192.88% wider than normal. The large width of the bands suggest high volatility as compared to Gold Price’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Wed, 01 May 2013 19:58:00 +0000

Gold, Silver and Crude Oil Trading Preview US Gold futures finished the pit session with losses Wednesday up from the session low, on a general sell POV in the raw commodity sector, led by Crude Oil. Jun Comex Gold last traded down 14.30 at 1,457.80 oz. Spot Gold was last quoted down 21.30 at 1,456.25 [...]

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Jim Rogers, Investing in Gold

Paul A Ebeling Jr — Wed, 01 May 2013 17:02:06 +0000

Jim Rogers, Investing in Gold Commodities investor Rogers is concerned about the worldwide economy, but he is not worried about the recent sell off in Gold. In fact, he stands ready to buy the precious Yellow metal on another pull back. Gold prices are already making a comeback after their 2 day fall in April. [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Tue, 30 Apr 2013 18:39:25 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures finished pit trade Tuesday with modest gains. Bargain hunters stepped up, they see the near-term technical posture of the Gold market healing, suggesting a market bottom is formed. Some short covering, technical buying were seen Tuesday. The focus now is on the conclusion of the [...]

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Gold Price: UBS says, “no urgency to push Gold’s price higher.”

Paul A Ebeling Jr — Tue, 30 Apr 2013 17:37:49 +0000

Gold Price: UBS says, “no urgency to push Gold’s price higher.” The recent fall in Gold’s price caused UBS to downgrade its price expectations for Gold and for the whole precious metals complex. According to the bank, the forcefulness of the recent correction was, in many ways “baffling”, even when the negative factors like concerns [...]

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Gold Price Under Pressure Short Term

Shayne Heffernan — Tue, 30 Apr 2013 13:44:23 +0000

Gold Price Under Pressure Short Term GOLD (Spot) intraday: turning down. Pivot: 1485.00 Our preference: SHORT positions below 1485 with 1448 & 1418 as next targets. Alternative scenario: The upside breakout of 1485 will open the way to 1507 & 1539. Comment: gold prices have broken below a rising trend line and are capped by [...]

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Gold Price Technical Outlook

Shayne Heffernan — Tue, 30 Apr 2013 11:39:18 +0000

Gold Price Technical Outlook The Gold Price closed above the lower band by 50.0%. Bollinger Bands are 220.23% wider than normal. The large width of the bands suggest high volatility as compared to PREC.M.XAU=’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the [...]

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John Paulson and the Gold Price

Shayne Heffernan — Mon, 29 Apr 2013 02:45:10 +0000

Paulson, I am Staying the Course on Gold Investor John Paulson told investors he is staying the course on Gold even though there may be more short term volatility in the price of the metal. The New York based hedge fund manager is sticking by his thesis that Gold will someday be a powerful hedge [...]

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Gold, Silver and Oil Prices This Week

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:44:32 +0000

Gold, Silver and Oil Prices This Week The Overall Fundamentals Commodities recovered across the board last week on bargain hunting and short covering after the sharp selloff the week before. The Bullishness could be temporary and extension rallies from the current price levels are less likely, the market fundamentals are still weak overall. The spread [...]

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Gold Price to Continue to Rise

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:37:22 +0000

Gold Price to Continue to Rise Despite the recent pullback in the price of gold, the metal have a strong future. An analyst that I read writes, “Following the repeal of the Glass-Steagall Act and the passage of derivative deregulation during the Clinton administration, the financial cognoscenti were aware that these conditions would enable excess [...]

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Silver to Price to Rally

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:34:45 +0000

Speculators Have Reversed Their Positions on Silver Over the past 10 weeks there was a fall in net Long positions in Silver, but now large speculators finally reversed course and added Silver contracts according to the most recent Commitment of Traders (COT) report. From 5 February through 9 April, the group saw its holdings drop [...]

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Gold Price: Long-term Investment Value

Shayne Heffernan — Sat, 27 Apr 2013 15:55:39 +0000

Gold Price: Long-term Investment Value Gold’s long-term fundamental drivers or strategic value remained solid, though market pressure would be mounted for some time, said World Gold Council (WGC) Friday in a report. In its quarterly “Gold Investor” report, the London-based industry organization said that following more than a year of range-bound prices, gold has come [...]

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The Metals Hedge Fund: Inflation Protection

Shayne Heffernan — Fri, 26 Apr 2013 11:40:54 +0000

The Metals Hedge Fund: Inflation Protection Funds like HeffCap’s Metals Funds that have built a unique portfolio of Metals and Metal related derivatives and equities are set to see strong growth for the next few years. Marc Faber, S&P 500 Could Decline 40% Last month Economist Shayne Heffernan said, Sell in May, but start in [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Thu, 25 Apr 2013 19:03:21 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures prices finished pit trade with strong gains and tapped a 2 wk high Thursday driven by technical buying and safe-haven demand. The worldwide demand for physical Gold is a good sign for the Gold market. Funds like HeffCap’s Metals Funds that have built a unique [...]

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US Mint Sales of Gold Coins Hit 3-yr High

Paul A Ebeling Jr — Thu, 25 Apr 2013 18:00:09 +0000

US Mint Sales of Gold Coins Hit 3-yr High Sales of Gold coins by the US Mint are heading for the highest total since December 2009 after prices in New York had the worst 2-day slump in 30 yrs. As of Wednesday, sales totaled 196,500 oz, up from 62,000 in March, data on the Mint’s [...]

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Strong Silver Investment Demand

Shayne Heffernan — Thu, 25 Apr 2013 11:19:11 +0000

The Silver Institute Reports Continued Strong Silver Investment Demand Drove Annual Average Price to 2nd Highest on Record Jewelry Demand Remained Strong While Industrial Demand Eased Modestly Strong global Silver investor demand was the dominant driver of Silver prices last year, accounting for almost 25% of total Silver demand. Averaging 31.15 oz, Y 2012’s price [...]

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Preview, Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Wed, 24 Apr 2013 19:57:35 +0000

Preview, Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade higher Wednesday, as traders and investors continue to step in buying the dip in prices. Demand for physical Gold worldwide is strong after last week’s price plunge. Outside market forces were Bullish for Gold and Silver Wednesday, as the USD index [...]

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Goldman NYSE:GS Exits Bet on Gold’s Fall

Paul A Ebeling Jr — Tue, 23 Apr 2013 19:17:30 +0000

Goldman NYSE:GS Exits Bet on Gold’s Fall Goldman Sachs Group Inc. cut its “near-term” outlook for commodities and reduced forecasts for Crude Oil and Coffee amid prospects for weak demand from China to Europe. The bank exited a bet on lower Gold prices. Goldman Sachs lowered its 3 and 12-month return forecasts for the Standard [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Tue, 23 Apr 2013 19:11:57 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures finished pit trade lower Tuesday. Buying interest was limited by Bearish Key outside markets, including a firmer USD index and weaker Crude Oil prices. Strong demand for physical Gold did contained selling pressure. Jun Comex Gold last traded down 10.30 at 1,410.90 oz. Spot Gold [...]

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Gold Price to Move Higher

Shayne Heffernan — Tue, 23 Apr 2013 13:54:41 +0000

Gold Price to Move Higher GOLD (Spot) intraday: further advance. Pivot: 1391.00 Our preference: LONG positions above 1391 with 1439 & 1473 as next targets. Alternative scenario: The downside penetration of 1391 will call for 1363 & 1335. Comment: the RSI has just broken above a bearish trend line. Opinion published is an intraday view. [...]

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Gold and Silver Prices and Physical Divergence

LiveTradingNews.com wire staff — Tue, 23 Apr 2013 10:39:50 +0000

Gold and Silver Physical Divergence Since April 01, COMEX gold stocks have declined from 21% to 25% from their all-time high seen in July 2011. But noticeably most of this decline began in October 2012, around the time the cartel began placing pressure on the gold and silver market. Here’s the chart for gold stored [...]

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International Demand Rises for China Rare Earths in Q-1

Paul A Ebeling Jr — Tue, 23 Apr 2013 10:12:59 +0000

International Demand Rises for China Rare Earths in Q-1 Global demand for China’s rare earth metals rose in Q-1 on to falling prices despite domestic producers and processors reporting losses. Statistics from the General Administration of Customs suggest that rare earth exports rose 55% in March from February to 1,718 metric tons. Export volume in [...]

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Gold, Silver, and Crude Oil Trading News

Paul A Ebeling Jr — Mon, 22 Apr 2013 19:11:45 +0000

Gold, Silver, and Crude Oil Trading News US Gold futures prices finished pit trade sharply higher Monday on Short covering and strong demand for physical Gold worldwide. The Gold Bulls have gained enough technical momentum to suggest a market bottom is formed. Jun Comex Gold last traded + 31.00 to 1,426.80 oz. Spot Gold was [...]

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Dubai Sparks Gold Bullion Shortage

Paul A Ebeling Jr — Mon, 22 Apr 2013 16:56:03 +0000

Dubai Gold Buying Leads to Bullion Shortage Manic buying of gold jewellery at local shops since 12 April is now pushing up the premium retailers need to pay to ensure they have enough stock coming in on a daily basis. Premiums have touched $5 oz in the wholesale trade and even bullion banks have raised [...]

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Gold Price News and Outlook

Shayne Heffernan — Mon, 22 Apr 2013 08:34:26 +0000

Gold spot up 1.4 % to $1,423.10. Gold June up 1.8 % to $1,420, gaining for a 3rd day . Silver up 1.1 % to $23.504 rising for the first time in four days Pivot: 1381.00 Our preference: LONG positions above 1381 with 1436 & 1473 as next targets. Alternative scenario: The downside penetration of [...]

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Gold’s Much Needed Pullback

Paul A Ebeling Jr — Mon, 22 Apr 2013 07:58:05 +0000

Gold’s Much Needed Pullback BAC, GLD The pull back in Gold prices coincided with evidence of a slowing of the rate of price increases aka inflation. Last Tuesday, the US Labor Department said US consumer prices have increased by 1.5% over the past 12 months, the slowest rate of increase since July 2012. Bank of [...]

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The Start of Something Big in Gold and Silver

Paul A Ebeling Jr — Mon, 22 Apr 2013 07:53:49 +0000

The Start of Something Big in Gold and Silver BLK, BAC, GS, ABX, NEM, RIO When the US economy is booming, Gold suffers, when the US economy looks dismal and shows little signs of growth, this strong because it signals that the US Fed will continue to keep the liquidity faucet wide open. In the [...]

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Gold, Silver and Oil Trading Preview

Paul A Ebeling Jr — Sun, 21 Apr 2013 16:21:18 +0000

The Overall Fundamentals Major market sentiment was dampened due to an act of terrorism in Boston along with weaker than expected US economic data. Wall Street dipped with the DJIA and the S&P 500 indices losing 1.79% and 2.30% respectively. Commodities also declined. The economic data, the US Empire State manufacturing index fell to 3.1 [...]

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The Gold Market Will Rally

Paul A Ebeling Jr — Sun, 21 Apr 2013 16:18:41 +0000

The Gold Market Will Rally SCGLY, CRZBY Many investment experts are strong on Gold despite its recent pull back. Gold will likley recover when traders Shorting Gold start to unwind their positions. I believe that when significant Short position holders begin to take profit, that this market will rally at least 50%+ and should Gold [...]

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Gold Price -7% on the week

Paul A Ebeling Jr — Fri, 19 Apr 2013 18:38:30 +0000

Gold Price -7% on the week Gold notched its 2nd straight gainer Friday, but did not reclaim the 1,400 mark by the close finishing the week with a loss of 7.1%. J Jun Gold +0.45% added 3.10, or 0.2%, to settle at 1,395.60 on the Comex division of the New York Merc. Gold prices, which [...]

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Marc Faber Says Buy Gold

Paul A Ebeling Jr — Fri, 19 Apr 2013 16:46:16 +0000

Marc Faber Says Buy Gold The drop in the Gold price is great news, says Marc Faber, 67 anni, one of Gold’s biggest fans. “I love the markets. I love the fact that gold is finally breaking down. That will offer an excellent buying opportunity”, said Mr. Faber in an interview. At the time of [...]

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Investor Confidence Damaged by the Dive in Gold’s Price

Paul A Ebeling Jr — Fri, 19 Apr 2013 10:13:35 +0000

Investor Confidence Damaged by the Dive in Gold’s Price DB, BAC, MS, GS The most voracious Gold Bugs must be feeling a bit dizzy after Bullion’s biggest percentage decline about 30 yrs, as this action has raised questions about Paper Gold’s value as part of an investor portfolio. Most experts did not foresee this decline. [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Thu, 18 Apr 2013 20:20:42 +0000

Gold, Silver and Crude Oil Trading Preview BLK US Gold future prices finished pit trade with moderate gains Thursday, making a good recovery from the selling pressure during Asian trading hours. Jun Comex Gold last traded + 9.00 at 1,391.70 oz. Spot Gold was last quoted + 14.30 at 1,392.25 oz. May Comex Silver last [...]

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Physically Delivered 1,000 oz. Silver Futures Contract

Shayne Heffernan — Thu, 18 Apr 2013 15:56:53 +0000

Physically Delivered 1,000 oz. Silver Futures Contract CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of a new physically delivered Silver (1,000 oz.) futures contract, scheduled to begin trading in June 2013. This contract will be listed with, and subject to, the rules and regulations of COMEX. “We’re introducing [...]

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Silver Price: Market Oversold

Shayne Heffernan — Thu, 18 Apr 2013 13:00:49 +0000

Bollinger Bands are 156.63% wider than normal. The large width of the bands suggest high volatility as compared to Silver Price’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 4 period(s). The [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Wed, 17 Apr 2013 20:02:54 +0000

Gold, Silver and Crude Oil Trading Preview Comex Gold futures prices finished pit trade moderately lower Wednesday, pressured by Bearish outside market forces that included a sharply higher USD index and sharply lower Crude Oil prices. Jun Comex gold last traded -12.20 at 1,375.40 oz. Spot Gold was last quoted + 6.30 at 1,376.00 oz. [...]

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PIMCO’s Gross joined the Sell Gold Camp

Paul A Ebeling Jr — Wed, 17 Apr 2013 16:49:27 +0000

PIMCO’s Gross joined the Sell Gold Camp MS Bill Gross of PIMCO aka the Bond King, has joined in from the PIMCO Twitter feed saying that Monday was no 1-off and Wednesday is not a 2-off. His message is against Gold, and he thinks that Gold has started a levered market sell-off. Though an analyst [...]

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Kevin Maloney on the Gold Price

LiveTradingNews.com wire staff — Wed, 17 Apr 2013 16:45:53 +0000

Everyone has been asking these questions, so I thought you might find this of interest. What’s happened? The gold price has fallen heavily since last Thursday, dropping to a two-year low of $1355 an ounce. The speed and scale of the sell-off – with falls of more than 6% on both Friday and Monday – [...]

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Should You Be Selling Your Gold Too?

Paul A Ebeling Jr — Wed, 17 Apr 2013 16:41:23 +0000

Should You Be Selling Your Gold Too? CME The US Comex Gold futures fell 4.06% last Friday and 9.34% Monday. The Monday’s percentage fall was the largest since Y 1983. The Gold futures traded at a record high of 751,058 contracts at the CME. On Tuesday in New York, the Gold futures rebounded 1.93% to [...]

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Gold Price Outlook

Shayne Heffernan — Wed, 17 Apr 2013 13:21:38 +0000

Gold Price Outlook GOLD (Spot) intraday: rebound expected. Pivot: 1363.00 Our preference: LONG positions above 1363 with 1413 & 1444 in sight. Alternative scenario: The downside penetration of 1363 will call for 1322 & 1295. Comment: the RSI is supported by a rising trend line. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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Shanghai, Customers search stores for Bargain Gold

Paul A Ebeling Jr — Wed, 17 Apr 2013 09:38:12 +0000

Shanghai, Customers search stores for Bargain Gold Without hesitation she swiped her card, paying 12,600 Yuan (US$2,032) for the items, a gift to her daughter who is getting married soon. The set, which included a pair of earrings, a necklace and a bracelet, cost around 14,000 Yuan just a week ago. “I’ve been waiting for [...]

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Gold Price Opinons from Experts

LiveTradingNews.com wire staff — Wed, 17 Apr 2013 09:24:58 +0000

As you can clearly see from the price action, “they” can place the price of COMEX and LBMA paper silver at $0 or $1M with a click of a mouse. It will continue to get chaotic until the computer programs shut down due to lack of PHYSICAL supply. -Bix Weir In that one chaotic hour [...]

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Where is the World’s Gold?

Paul A Ebeling Jr — Wed, 17 Apr 2013 08:54:54 +0000

Where is the World’s Gold? Below are nations with largest Gold reserves as measured by metric tons (tonnes). LTN’s list includes the International Monetary Fund IMF and the European Central Bank ECB. 1. The United States, static at 8,133.5 tonnes 2, Germany, down slightly at 3,391.3 tonnes (April 2013), Vs 3,401.8 tonnes in late Y [...]

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Bounce in Gold and Silver, Crude Oil Off

Paul A Ebeling Jr — Tue, 16 Apr 2013 16:58:33 +0000

Bounce in Gold and Silver, Crude Oil Off CME, GS US Gold prices are posting gains in calmed trading Tuesday, following Monday’s dive. Bargain hunters are stepping in after prices fell to a 26-month low of 1,321.50 overnight. Heavy physical buying in Asia overnight helped boost Gold’s prices. Jun Comex Gold last traded + 32.00 [...]

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SPDR Gold Trust (ETF) (NYSEARCA:GLD) Technicals

Shayne Heffernan — Tue, 16 Apr 2013 12:55:09 +0000

SPDR Gold Trust (ETF) (NYSEARCA:GLD) Technicals Bollinger Bands SPDR Gold Trust (ETF) (NYSEARCA:GLD) closed below the lower band by 43.7%. Although prices have broken the lower band and a downside breakout is possible, the most likely scenario is for the current trading range that SPDR GOLD TRUST is in to continue. Making the picture somewhat [...]

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Gold Price Continues Lower

Shayne Heffernan — Tue, 16 Apr 2013 08:34:36 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1385.00 Our preference: SHORT positions below 1385 with 1322 & 1295 as next targets. Alternative scenario: The upside penetration of 1385 will call for a rebound towards 1413 & 1458. Comment: the immediate trend remains down and the momentum is strong. Opinion published is an intraday view. Green [...]

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Marc Faber on Gold

Paul A Ebeling Jr — Mon, 15 Apr 2013 15:14:52 +0000

Marc Faber on Gold GLD, GDX, GDXJ Marc Faber has maintained his Bullish outlook on Gold for long-term. Recently, he penned an article, Why I am not selling Gold? Considering the arguments presented in the article, there is no doubt in his mind that the Bull market in Gold is far from over. Asset classes [...]

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States Push Gold and Silver as Legal Tender, Show Little Faith in Fed Tactics

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:10:49 +0000

States Push Gold and Silver as Legal Tender, Show Little Faith in Fed Tactics Distrust of the US Federal Reserve and concern that USDs could become worthless are driving a push in more than a 12 US states to recognize Gold and Silver coins as legal tender. Lawmakers in Arizona are set to follow Utah, [...]

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Gold, Silver and Oil Price Update

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:09:15 +0000

Last Week Gold Broke Below 1500 on Fed’s FMOC Minutes and a Rumored of Cyprus Gold Sales The Overall Fundamentals The Fed minutes for the March FMOC meeting raised expectations that the central bank might slow QE measures later this year, though no details have been released. Gold prices were dampened because [...]

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Gold and Silver Prices in Focus

LiveTradingNews.com wire staff — Sun, 14 Apr 2013 07:56:08 +0000

Precious metals investors can’t look back at this week’s declines in gold and silver and not be a little upset. But it’s important to keep in mind that nothing happened this week that reversed the decade long bullish trends for gold and silver. So, keep in mind that for over a decade gold and silver [...]

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Draghi, Cyprus Gold Sales Must Cover Emergency-Loan Loss

Paul A Ebeling Jr — Fri, 12 Apr 2013 16:51:17 +0000

Draghi, Cyprus Gold Sales Must Cover Emergency-Loan Loss ECB President Mario Draghi said the profits of any Gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors today left a possible Gold sale in the hands of the Cypriot central [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 11 Apr 2013 19:56:02 +0000

Gold, Silver and Crude Oil Trade US Gold prices finished pit trade higher Thursday following Wednesday’s losses. The weakening USD index also lent some fresh buying interest in the precious metals markets Thursday. The Gold and Silver Bears shave the near-term technical advantage in here. Jun Comex Gold last traded + 5.30 at 1,564.10 oz. [...]

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Silver Price Ready to Turn

Shayne Heffernan — Thu, 11 Apr 2013 12:53:40 +0000

Candlesticks A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices [...]

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Gold Price May Rally

Shayne Heffernan — Thu, 11 Apr 2013 12:45:34 +0000

Gold broke below the downside support level of 1,567.81, 1 day(s) ago. This is a bearish sign. This previous support level of 1,567.81 may now provide upside resistance. Volume on the day of the breakout was quite heavy–0% above average. This makes the breakout even more significant. If you decide to trade Gold, you may [...]

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Gold Price Ready to Move Higher

Shayne Heffernan — Wed, 10 Apr 2013 12:33:25 +0000

GOLD (Spot) intraday: bullish bias above 1576 Pivot: 1576.00 Our preference: LONG positions above 1576 with 1591 & 1603 in sight. Alternative scenario: The downside penetration of 1576 will call for 1567 & 1560. Comment: intraday support around 1576 Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | [...]

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Mount Gibson Iron Limited (ASX:MGX) to Move Higher

Shayne Heffernan — Tue, 09 Apr 2013 18:50:32 +0000

Mount Gibson Iron Limited (ASX:MGX) to Move Higher Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.0000. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago. Relative Strength Index (RSI) [...]

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GOLD, UBS NYSE:UBS Upbeat, But Lowers 2013 Price Forecast to 1,740 oz

Paul A Ebeling Jr — Tue, 09 Apr 2013 18:37:04 +0000

GOLD, UBS NYSE:UBS Upbeat, But Lowers 2013 Price Forecast to 1,740 oz Tuesday, UBS said it is upbeat on Gold but nevertheless revised downward its Y 2013 forecast for the precious Yellow metal. The bank also lowered its forecasts for most other base and precious metals, although the expected Y 2013 averages for all of [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 08 Apr 2013 19:38:18 +0000

Gold, Silver and Crude Oil Trading Gold prices finished pit trade lower in quiet trading Monday. The market saw some chart consolidation and a technical pullback following Friday’s gains. Jun Comex Gold last traded down 3.60 at 1,572.30 oz. Spot Gold was last quoted down 9.60 at 1,572.25 oz. May Comex Silver last traded down [...]

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Gold, Silver and Oil Prices

Paul A Ebeling Jr — Sun, 07 Apr 2013 05:04:26 +0000

The Overall Technicals Comex Gold (GC) Gold dipped to 1539.4 last week as the fall from 1798.1 extended, it quickly recovered getting strong support above the psych mark at 1500, and inside medium term support zone at 1478.3/1577.4. There confirm of a sustainable rebound yet as long as the resistance at 1616.5 holds, and Gold could go lower. But, [...]

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Gold Price Climbs, a Dead Cat Bounce or The Bottom

Paul A Ebeling Jr — Sat, 06 Apr 2013 19:42:47 +0000

Gold Price Climbs, a Dead Cat Bounce or The Bottom GLD, UUP, GDX, SPY, EFA, EEM, SLV, SIL Gold prices bounced off an 11-month low on Friday, the technical and sentiment indicators suggest the precious Yellow metal is oversold and has formed a significant bottom in here. Gold futures prices rose 1.63% to 1,580 oz. [...]

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Gold, Silver and Crude Oil Prices

Paul A Ebeling Jr — Thu, 04 Apr 2013 19:42:03 +0000

Gold, Silver and Crude Oil Prices Gold prices finished pit trade about flat Thursday, moving up from the daily low by the close. Gold prices even pushed modestly above unchanged in after-hours electronic trading Thursday afternoon. A weakening USD index as the session wore on lifted gold prices up from a 10-month low hit in [...]

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Gold Price Under Pressure

Shayne Heffernan — Thu, 04 Apr 2013 12:59:28 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1563.00 Our preference: SHORT positions below 1563 with targets @ 1535 & 1525. Alternative scenario: The upside penetration of 1563 will call for a rebound towards 1577 & 1584. Comment: the RSI is capped by a bearish trend line. Opinion published is an intraday view. Green Lines Represent [...]

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Asia’s Best Hedge Funds

Shayne Heffernan — Thu, 04 Apr 2013 09:00:34 +0000

Separately Managed Account (SMA) is a management service designated individually managed by our senior trader and customized to fit your investment objectives. HCM’s customer funds provide superior risk-adjusted returns through proprietary and fundamental analysis to maximize portfolio returns Employ the HCM Process to ascertain the shareholder strength of every security in our selected market. Evaluate [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Wed, 03 Apr 2013 19:24:23 +0000

Gold, Silver and Crude Oil Trading Gold prices finished pit trade sharply lower and hit a 10-month low Wednesday. Heavy selling pressure came on chart related pre-placed sell stop orders being triggered when technical support levels were breached. Sharply lower Crude Oil prices and a generally weak raw commodity sector Wednesday also led to Southside [...]

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Gold Price Update

Shayne Heffernan — Wed, 03 Apr 2013 14:02:02 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1577.50 Our preference: SHORT positions below 1577.5 with 1561 & 1556 in sight. Alternative scenario: The upside breakout of 1577.5 will open the way to 1584 & 1590. Comment: the descending 50 moving average suggests that the gold still has potential for a decline. Opinion published is an [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Mon, 01 Apr 2013 19:04:24 +0000

Gold, Silver and Crude Oil Trading Preview US Gold prices finished pit trade higher Monday. The precious Yellow metal saw a boost from a weaker USD index, and some safe-haven buying interest as North Korea’s leader continues to threaten the US and South Korea. Jun Comex Gold last traded + 4.90 at 1,600.60 oz. Spot [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Wed, 27 Mar 2013 20:06:34 +0000

Gold, Silver and Crude Oil Trading Comex Gold futures prices finished pit trade near the daily high Wednesday, and back above the Key 1,600.00 mark. Safe-haven demand in the market, as there are continuing worries about the Cyprus banking crisis causing a “run” on European Union banks. Cyprus banks are scheduled to reopen Thursday and [...]

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Gold Price Under Pressure

Shayne Heffernan — Wed, 27 Mar 2013 13:54:13 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1601.00 Our preference: SHORT positions below 1601 with targets @ 1590 & 1576. Alternative scenario: The upside penetration of 1601 will call for a rebound towards 1608 & 1617. Comment: as long as the resistance at 1601 is not surpassed, the risk of the break below 1590 remains [...]

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Gold, Silver and Crude Oil Trade Preview

Paul A Ebeling Jr — Tue, 26 Mar 2013 19:58:48 +0000

Gold, Silver and Crude Oil Trade Preview Gold prices finished pit trade lower and closed below the psych mark at 1,600.00 Tuesday, on tech related selling, profit taking, and a lack of any new Bullish fundamental news. Apr Comex Gold last traded down 7.70 at 1,596.80 oz. Spot Gold was last quoted down 7.40 at [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Mon, 18 Mar 2013 19:50:26 +0000

Gold, Silver and Crude Oil Trading Preview US Gold prices finished pit trade with good gains, notching a 3-wk high and closed above the Key 1,600 mark Monday. A escalation in the EU debt crisis has traders and investors seeking safe assets, including Gold. The near-term technical posture of the precious Yellow metal has improved [...]

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Gold Price Looking to Breakout

Shayne Heffernan — Mon, 18 Mar 2013 13:13:41 +0000

Gold Price Looking to Breakout EURO ZONE : Unprecedented levy on Cyprus’s bank savings raised fresh EU concerns. EURO ZONE : EU FM reached an agreement on March 16th asking depositors in Cypriot banks to share in the cost of the aid package. EURO ZONE : Cypriot President Nicos Anastasiades seeking support to back a [...]

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Silver Trading Outlook

Shayne Heffernan — Sun, 17 Mar 2013 17:48:14 +0000

Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). Three black candles occurred in the last three days. Although these candles were not big [...]

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Become a Professional Day Trader

Shayne Heffernan — Wed, 13 Mar 2013 12:33:00 +0000

Firstly, start using the tools of professionals, we offer a free 30 Day trial download Thomson Reuters latest product that will start you on the way, Thomson Reuters Latest Charting and News Technology, Runs on Your Desktop and your iPad The first information that new traders should learn are the basics of trading. A good [...]

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Shayne Heffernan on the Gold Price and China

Shayne Heffernan — Tue, 12 Mar 2013 14:03:26 +0000

Shayne Heffernan as an Economist, trader and venture capitalist writes about a possible gold backing of the Chinese Renminbi. If one compares the dollar amount of base money with the gold reserves, it shows that the dollar is only covered to 16 percent now, in 1980 that number was 168% – because the price of [...]

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Gold, Silver and Crude Oil Price Preview

Paul A Ebeling Jr — Mon, 11 Mar 2013 18:30:57 +0000

Gold, Silver and Crude Oil Price Preview US Gold prices finished pit trade higher in quiet trade Monday. Some Short covering and bargain hunting were featured. The weak near-term technical mode of Gold and Silver is limiting trader and investor buying interest in both precious metals. Apr Comex Gold last traded + 1.50 at 1,578.40 [...]

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Gold Price Under Pressure

Shayne Heffernan — Mon, 11 Mar 2013 13:04:01 +0000

GOLD (Spot) intraday: the downside prevails. MARKETS Spot gold traded at $1,581.39 in Asia compared to $1,578.80 on March 8th. Gold April rose 0.3 % to $1,580.90. Spot Silver increased 0.3 % to $29.08, reversing a 0.3% decline. FACTORS FORECAST: U.S. data this week may show a pickup in retail sales. USD Index gained as [...]

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Gold, Sliver and Crude Oil Trading and Prices

Paul A Ebeling Jr — Mon, 04 Mar 2013 19:38:18 +0000

Gold, Sliver and Crude Oil Trading and Prices US Gold futures finished pit trade near unchanged Monday, as Short covering and some mild bargain hunting were checked by Bearish outside markets; a stable USD index, and lower Crude Oil prices that are at a 9 wk low. The Gold and Silver markets are technically weak [...]

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Gold Price: Factors to Watch

Shayne Heffernan — Mon, 04 Mar 2013 08:44:17 +0000

MARKETS Spot up 0.6 % to $1,585.02 at $1,578.40 in Asia , Gold April up 0.8 % at $1,584.30, Silver up 0.2 % to $28.63. Spot platinum climbed 0.2 % to $1,575.26 and palladium slipped 0.5 % to $720 an ounce. FACTORS USD was little changed against a six-currency basket today after gaining on March [...]

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Gold Price Rebounds

Paul A Ebeling Jr — Mon, 04 Mar 2013 04:53:04 +0000

Gold Price Rebounds Gold rebounded from a 1 wk low on speculation that stimulus by central banks around the world will be maintained as economic data signaled the global recovery may be losing momentum. Silver advanced for a 2nd day. Spot Gold rose as much as 0.6% to 1,585.02, and traded at 1,578.40 at 11:35 [...]

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Gold, Silver and Oil Price Preview

Paul A Ebeling Jr — Sun, 03 Mar 2013 07:39:05 +0000

Gold, Silver and Oil Price Preview The Overall Fundamentals Precious Metals Despite a modest rebound earlier last week, the selloff resumed with the benchmark Comex Gold contract losing -0.03% on the week. The decline in PGMs prices was deeper with Platinum and Palladium losing -2.11% and -2.03% respectively. The South African government is proposing measures [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Sun, 03 Mar 2013 06:30:53 +0000

Gold, Silver and Crude Oil Trade Crude Oil finishes off 2.6% on the week, below 91 bbl mark ] Apr Crude Oil fell for a 2nd straight session on weak Chinese manufacturing data and strength in the USD index. The energy component tapped 90.04 in late afternoon action and pared the loss into the close, [...]

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Gold, Silver and Crude Oil Preview

Paul A Ebeling Jr — Thu, 28 Feb 2013 19:40:26 +0000

Gold, Silver and Crude Oil Preview US Gold futures finished lower, and near the daily low Thursday. The market extended moderate early losses in late-morning trading as the USD index moved higher on the day. Apr Gold futures came close to a Bearish monthly low close Thursday. Gold futures prices also posted declines for the [...]

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Gold Price Update

Shayne Heffernan — Thu, 28 Feb 2013 07:14:49 +0000

Gold Price Update MARKETS Spot gold flat at $1,598.76 in Asia down 3.9 % in February. Gold April rose 0.1 % to $1,597.90 , Silver gained 0.2 % to $29.0725 , Platinum was little changed at$1,598.25. Palladium gained 0.3 % to $745.40 an ounce, heading for a fourth monthly advance in the best run since [...]

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Gold, Silver and Oil Trading Outlook

Paul A Ebeling Jr — Sun, 24 Feb 2013 05:42:37 +0000

The Overall Fundamentals Precious Metals The precious metals complex declined last week with Gold and Silver losing -2.26% and -4.63% respectively. For PGMs, Platinum and Palladium plunged -4.19% and -2.16% respectively. The Hot Topic for precious metals is whether Gold’s long-term up-trend is finished. The precious Yellow metal made a record high above US$ 1900 [...]

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Gold, the Real Winner in a Currency War

Paul A Ebeling Jr — Sun, 24 Feb 2013 05:32:56 +0000

Gold, the Real Winner in a Currency War Peter Schiff, CEO of Euro Pacific Capital, is not backing off his Bullishness on Gold, despite the fact that it has dropped 6% on the year. Spot Gold hit a 7 month low at 1,554.49 Thursday on speculation the US Federal Reserve will cut back on its [...]

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Gold, Silver and Crude Oil

Shayne Heffernan — Tue, 19 Feb 2013 20:38:46 +0000

Gold, Silver and Crude Oil Trade US Gold prices finished pit trade lower and closed at a 6.5-month low Tuesday. More technical selling pressure was seen in Gold and Silver following Friday’s Southside action. A stable USD index limited buying interest in Gold and Silver Tuesday. These 2 markets have seen some near-term technical damage [...]

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Gold, Silver and Oil Week Ahead

Paul A Ebeling Jr — Sun, 17 Feb 2013 11:34:05 +0000

Gold, Silver and Oil Week Ahead The Overall Fundamentals Precious Metals Despite the decline last week, PGMs continued to outperform Gold and Silver with Platinum widening its premium to gold to above 75 oz, levels last seen in August 2011. It was reported that the Zimbabwean government will seize nearly 28 hectares of land leased [...]

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Considering Gold Stocks

Paul A Ebeling Jr — Sun, 17 Feb 2013 11:11:53 +0000

Considering Gold Stocks GLD Overall Gold stocks are down as much as 30% over the past year, and in the same frame, the price of physical Gold has risen. One of the reasons for this anomaly is likely exchange-traded funds ETFs, such as the SPDR Gold Shares ETF NYSEArca:GLD and others, they give investors a [...]

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Sentiment In Gold Changes; Watch Asian Activity

Paul A Ebeling Jr — Sun, 17 Feb 2013 11:03:18 +0000

Sentiment In Gold Changes; Watch Asian Activity The short-term sentiment in Gold changed during the week, as the market took out an important technical-chart support mark, but if metal extends its losses will depend on what Asian buyers do next week when they return from their Lunar New Year Festival. Prices were lower on the [...]

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Gold, Silver and Crude Oil Data

Paul A Ebeling Jr — Thu, 14 Feb 2013 20:16:56 +0000

Gold, Silver and Crude Oil Data C US Gold futures prices fell for the 2nd day Thursday, with losses coming late in the session as Bears drove it to new lows ahead of pit settlement. Apr Gold futures on the Comex division of the New York Merc settled off 9.60 at 1,635.50 oz. Mar Silver [...]

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Gold Price Outlook

Shayne Heffernan — Thu, 14 Feb 2013 14:16:15 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1654.00 Our preference: SHORT positions below 1654 with 1639 & 1625 in sight. Alternative scenario: The upside breakout of 1654 will open the way to 1662 & 1673. Comment: gold prices have struck against a key resistance at 1654 (previous bottom). As long as the resistance at 1654 [...]

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Glencore LN:GLN, Xstrata LN:XLA Base Metals Output Declines

Paul A Ebeling Jr — Tue, 12 Feb 2013 11:31:22 +0000

Glencore LN:GLN, Xstrata LN:XLA Base Metals Output Declines, Coal, Crude Oil, and Agricultural Output Rose Glencore International PLC reported Tuesday a mixed set of production results on a pro-forma basis with Xstrata PLC as base metals output largely fell in Y 2012 while Coal, Crude Oil, and Agricultural output rose. The report marks the 1st [...]

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Copper Trading News

Shayne Heffernan — Tue, 12 Feb 2013 07:55:17 +0000

Copper was stuck in a holding pattern on Tuesday with traders reluctant to take big positions due to a week-long holiday in top consumer China, while brightening economic prospects there and in the United States underpinned prices. 3M copper was little changed at $8,196, after falling more than 1 % in the previous session. G-7 [...]

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Gold Headed Lower

Shayne Heffernan — Tue, 12 Feb 2013 07:22:16 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1659.00 Our preference: SHORT positions below 1659 with targets @ 1636 & 1625. Alternative scenario: The upside breakout of 1659 will open the way to 1664 & 1673. Comment: the 50 period moving average is heading down. The RSI is below its neutrality area at 50. A new [...]

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Currency War May Prompt Gold to Rise

Paul A Ebeling Jr — Tue, 12 Feb 2013 07:15:13 +0000

Currency War May Prompt Gold to Rise BAC A “currency war” could prompt Gold prices to rise later this year, analysts predict. Central banks around the world are pushing down the value of their currencies to increase exports and improve economies at home. The strategy might spark inflation and raise investors’ concerns, causing a surge [...]

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Gold, Claws Back Above Unchanged, Bargain Hunters Step In

Paul A Ebeling Jr — Thu, 07 Feb 2013 20:53:18 +0000

Gold, Claws Back Above Unchanged, Bargain Hunters Step In Comex Gold futures are trading modestly higher and near the daily high late-morning Thursday, recovering from early selling pressure. Bargain hunters have stepped in to “Buy the Dip” in Gold and Silver prices Thursday. Comex Gold futures prices dropped to the daily low in mid-morning trade. [...]

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Commodities Outlook: World Bank

Paul A Ebeling Jr — Thu, 07 Feb 2013 10:15:04 +0000

Commodities Outlook: World Bank The World Bank just released its latest Commodity Market Outlook and the short version of the report is that commodity prices should “ease marginally” this year. But as the report notes show it was volatility that hurt in Y 2012. The World Bank sees Crude Oil prices down 3% to an [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Wed, 06 Feb 2013 19:50:58 +0000

Gold, Silver and Crude Oil Trade US Gold prices finished pit trade higher Wednesday. Some Short covering and technically related buying by shorter-term traders was featured. Gold and Silver traders and investors are still looking for some fundamental news to drive their markets. Apr Gold last traded + 4.20 at 1,677.70 oz. Spot gold was [...]

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Gold Up, Miners Follow

Paul A Ebeling Jr — Mon, 04 Feb 2013 19:38:55 +0000

Gold Up, Miners Follow GOLD, CDE, NEM, GFI, ABX, AUQ, GG The Comex Apr Gold price is up more than $5 Monday and is currently trading at 1,676.00 oz. Last week’s poor showing the Q-4 US GDP growth has pushed the precious Yellow metal higher as it gets back some of its luster as a [...]

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Gold, Silver and Oil Trading

Paul A Ebeling Jr — Mon, 04 Feb 2013 07:40:10 +0000

Gold, Silver and Oil Trading The Overall Fundamentals Precious Metals: Silver performed best in the precious metal complex last week with a +2.44% gainer, Gold/Silver ratio has moved steadily above 50 since 2-H of Y 2011. Physical demand in terms of coins and ETFs has remained firm over the past year although safe-haven demand has [...]

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Gold Price Preview and Charts

Shayne Heffernan — Sun, 03 Feb 2013 17:44:45 +0000

Gold Price Preview and Charts Gold Prices will start getting some upward pressure this week, the Fed is going to hold rates artificially low and the spill over of course will be inflation. On 2/1/2013, Gold closed above the lower band by 42.1%. Bollinger Bands are 41.32% narrower than normal. The narrow width of the [...]

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Gold the downside prevails

Shayne Heffernan — Fri, 01 Feb 2013 14:42:47 +0000

Gold the downside prevails Pivot: 1677.00 Our preference: SHORT positions below 1677 with targets @ 1652 & 1643. Alternative scenario: The upside penetration of 1677 will call for a rebound towards 1684 & 1695. Comment: the upward potential is likely to be limited by the resistance at 1677. A higher close this week may help [...]

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New Look at Gold and Silver

Paul A Ebeling Jr — Fri, 01 Feb 2013 14:17:03 +0000

New Look at Gold and Silver GLD, SGOL, GDX, SLV The World Gold Council issued its new report for Y 2013 and reviewing Y 2012 on Gold, and it offers some great insight if you read through the reports and consider some of the implications over time. The World Gold Council is Pro-Gold, that being [...]

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Gold Reacts to Mixed Economic Data

Paul A Ebeling Jr — Fri, 01 Feb 2013 14:02:41 +0000

Gold Reacts to Mixed Economic Data EUR/USD, DXY Wednesday the US Comex Fold futures rose 1.15% after the disappointing US Q-4 GDP data was released while the Fed maintained its bond-purchase program of $85-B a month. The futures then erased all those gains Thursday after the release of a series of US economic data, as [...]

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Copper Price Update

Shayne Heffernan — Fri, 01 Feb 2013 08:46:51 +0000

Copper rose on Friday to hold near four-month highs struck the session before after China’s factory output grew in January, bolstering confidence in a global economic recovery. 3M copper climbed by 0.45 % to $8,202 erasing losses from the previous session when it retreated after hitting the highest in nearly four months. Reuters reported that [...]

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Short Covering Drives Gold Higher Tuesday, Sliver, Crude Oil Follow

Paul A Ebeling Jr — Tue, 29 Jan 2013 19:41:43 +0000

Short Covering Drives Gold Higher Tuesday, Sliver, Crude Oil Follow GLD, HUI, SLV, OIL US Gold prices finished pit trade higher Tuesday on short covering and bargain hunting. The Key outside markets were in a Bullish mode for precious metals Tuesday, as the USD index weakened and Crude Oil prices firmed. Feb Gold last traded [...]

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Gold Price May Move Higher

Shayne Heffernan — Tue, 29 Jan 2013 14:24:38 +0000

Gold Price May Move Higher Gold is looking better today than it has for a while. The stochastic oscillator is currently below 20. This is an indication of the security being in an “oversold” condition. Currently the MACD is bearish since it is trading below its signal line, but a bit of a rally looks [...]

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Hedge Fund Consultants

Shayne Heffernan — Tue, 29 Jan 2013 12:04:59 +0000

Hedge Fund Consultants The Heffernan Group of Companies use a top down approach developed by Dr. Heffernan Ph.D. to develop value protected, growth driven portfolios with in the guidelines of the clients risk tolerance and regulatory requirements. We provide managerial services, strategy, timing and portfolio-level research and advisory services to institutions globally. Our clients are [...]

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Gold Price Technicals

Shayne Heffernan — Tue, 29 Jan 2013 10:25:20 +0000

Gold Price Technicals Gold is currently 0.1% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into Gold (bullish). Our trend forecasting oscillators are currently bullish on Gold and [...]

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Commodities: Tin Beating All Metals

Paul A Ebeling Jr — Tue, 29 Jan 2013 08:16:42 +0000

Commodities: Tin Beating All Metals in 4th Yr of Shortages MS, BAC, CS, BCS Indonesia, the world’s biggest supplier of tin about to ship the least amount of the white metal in 10 yrs, extending shortages into a 4th yr at a time when surpluses are emerging for most other industrial metals. Sales will drop [...]

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Gold, Silver and Crude Oil Prices and Trading

Paul A Ebeling Jr — Mon, 28 Jan 2013 20:56:12 +0000

Gold, Silver and Crude Oil Prices and Trading US Gold prices finished the pit trade with modest losses and hit a 2 wk low Monday. Technical selling was featured as the Bulls faded a bit, and have to show power soon to avoid possible chart damage. A firmer USD index Monday limited buying interest in [...]

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GOLD Spot intraday: key ST resistance at 1672

Shayne Heffernan — Mon, 28 Jan 2013 08:25:30 +0000

GOLD Spot intraday: key ST resistance at 1672 Pivot: 1672.00 Our preference: SHORT positions below 1672 with 1653 & 1643 in sight. Alternative scenario: The upside breakout of 1672 will open the way to 1676 & 1684. Comment: the 50 moving average remains on the downside. Technical indicators do not post any reversal sign. As [...]

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Gold, Silver and Oil Trading

Paul A Ebeling Jr — Mon, 28 Jan 2013 06:22:03 +0000

The Overall Fundamentals Financial markets were torn between better-than-expected economic data and approval of the debt ceiling in the US, and decline in Apple’s share price and North Korean nuclear tensions last week. The DJIA edged +0.33% higher, the S&P 500 index initially climbed above 1500. In the commodity sector, the front-month contract for WTI [...]

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Gold Price Charts and Outlook

Shayne Heffernan — Sun, 27 Jan 2013 16:35:25 +0000

Gold Price Charts and Outlook The Gold price is currently 0.3% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into Gold (bullish). Our trend forecasting oscillators are currently [...]

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Gold and Silver: Good / Stocks and Bonds: Bad

LiveTradingNews.com wire staff — Sun, 27 Jan 2013 08:31:56 +0000

Gold and Silver: Good / Stocks and Bonds: Bad Well, it appears that the Dow Jones is going to take out its last all-time high of October 2007, even as market trading volume is collapsing. That fact alone should make us wary of the stock market, but the Dow Jones doesn’t seem to care; the [...]

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GOLD (Spot) key ST resistance at 1676

Shayne Heffernan — Fri, 25 Jan 2013 08:41:38 +0000

GOLD (Spot) key ST resistance at 1676 Pivot: 1676.00 Our preference: SHORT positions below 1676 with 1661 & 1653 as next targets. Alternative scenario: The upside penetration of 1676 will call for a rebound towards 1684 & 1697. Comment: the 50 moving average remains on the downside. In addition, technical indicators do not post any [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Thu, 24 Jan 2013 19:53:53 +0000

Gold, Silver and Crude Oil Trading US Gold futures fell Thursday on technical selling as longs opted to exit the market when it did not to crack the nearby chart resistance. Gold for Feb delivery finished pit trade, on the Comex division of the New York Merc, with a loss of 16.80 to 1,669.90 oz. [...]

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Gold Price Moving Lower

Shayne Heffernan — Thu, 24 Jan 2013 14:17:23 +0000

Gold in global markets, which normally set price trend on the domestic front, dropped 0.5 per cent to USD 1,677.65 an ounce, the lowest price since January 17 and silver slumped 1 per cent to USD 31.92 an ounce in Singapore. On 1/24/2013, PREC.M.XAU= closed below the upper band by 49.0%. Bollinger Bands are 40.05% [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Tue, 22 Jan 2013 19:58:58 +0000

Gold, Silver and Crude Oil Trade AAPL, GLD, HUI, SLV, OIL US Gold prices finished pit trade higher Tuesday. A weaker USD index and higher Crude Oil prices were Bullish outside forces that supported precious metals. The near-term technicals for Gold and Silver have improved encouraging renewed speculative buying interest. Feb Gold last traded + [...]

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India Raises Import Tax on Gold

Paul A Ebeling Jr — Tue, 22 Jan 2013 07:47:10 +0000

India Raises Import Tax on Gold ANZBY, SCBFF The world’s biggest Gold bullion buyer, increased taxes on Gold imports to reduce a record current-account deficit and moderate demand for the precious Yellow metal that’s rallied for 12 yrs running. The duty on Gold and Platinum imports was raised to 6% effective immediately from 4% Economic [...]

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Gold, Silver and Oil Trading

Paul A Ebeling Jr — Mon, 21 Jan 2013 07:31:04 +0000

AAUKY, EPD, SXL, MMP, BHI The Overall Fundamentals Precious Metals Silvers price gained more than +5% last week. Industrial demand is expected to be the driver for the metal’s firmness in coming months. It was PGM metals that had led the rally in the precious metal complex last week. Anglo American Platinum LN:AAL proposed to close [...]

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Gold Price Update

Shayne Heffernan — Mon, 21 Jan 2013 07:21:03 +0000

Gold advanced toward a one-month high on expectations for more stimulus. Speculators raised their net long positions in U.S. gold futures and options by 8 percent on the week to 99,458 contracts in the week ended Jan. 15, said U.S. Commodity Futures Trading Commision. Net length in silver also increased. Spot gold up 0.4 % [...]

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Gold Price May Consolidate Before Rally

Shayne Heffernan — Sun, 20 Jan 2013 11:36:10 +0000

Gold Price May Consolidate Before Rally Monday we expect to see the Gold Price consolidate and perhaps sell off a little before the next leg up in a long over due rally. Gold pushed to a high of $1,694.90 in early trade, close to the previous session’s one-month peak, but retreated ahead of the long [...]

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Platinum, Gold Silver and Crude Oil Trade

Paul A Ebeling Jr — Sat, 19 Jan 2013 10:20:48 +0000

Platinum, Gold Silver and Crude Oil Trade in the USA, Focus on Platinum AAUKY Platinum was in focus Friday after news about production cuts from the world’s largest Platinum miner pushed prices to their highest levels since early October. Anglo American Platinum LN:AAL said Tuesday it will stop production from four mines in South Africa, [...]

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Gold Price Technical Outlook

Shayne Heffernan — Thu, 17 Jan 2013 13:41:01 +0000

Gold Price Technical Outlook Pivot: 1673.00 Shayne Heffernan says: LONG positions above 1673 with 1685 & 1695 as next targets. Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 12 period(s) ago. Since the MACD crossed its moving average, PREC.M.XAU=’s price has increased 0.44% , [...]

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Gold, Silver and Crude Oil Trading Update

Paul A Ebeling Jr — Wed, 16 Jan 2013 20:01:08 +0000

Gold, Silver and Crude Oil Trading Update US Gold futures finished pit trade Wednesday a bit lower, but up from the session low. The firmed USD index was a slight negative for the precious metals Wednesday. Feb Gold last traded down 2.30 at 1,681.60 oz. Spot Gold was last quoted +1.70 at 1,682.00 oz. Mar [...]

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Gold Price Moving Higher

Shayne Heffernan — Wed, 16 Jan 2013 10:29:42 +0000

Gold Price Moving Higher As I said yesterday, Gold is making a move higher and today the charts confirmed that move. A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been [...]

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Go Long Gold, Technical Update

Shayne Heffernan — Tue, 15 Jan 2013 11:06:06 +0000

Go Long Gold Bollinger Bands are 53.44% narrower than normal. The narrow width of the bands suggests low volatility as compared to Gold’s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 2 period(s). The probability of [...]

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Gold, Silver and Crude Oil Prices

Paul A Ebeling Jr — Mon, 14 Jan 2013 19:49:43 +0000

Gold, Silver and Crude Oil Prices US Gold prices finished pit trade higher Monday on Short covering and speculative buying. There has been an increase in investor and trader risk appetite this week that is supporting the raw commodity sector, including the precious metals. Feb Gold last traded + 7.50 at 1,668.10 oz. Spot Gold [...]

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The Dubai Gold Rush

Shayne Heffernan — Mon, 14 Jan 2013 08:31:16 +0000

DGCX 2012 Volumes Reach All-Time High of 9.6 Million Contracts 2012 volumes rise 137% from 2011 to trade 9,601,553 contracts Currency futures volumes reach 8,880,403 contracts, up by 149% Gold Futures rise 42% from last year to touch 552,001 contracts 2012 annual trading volumes on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial [...]

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Gold a Hit in Hollywood

John Heffernan — Mon, 14 Jan 2013 06:57:59 +0000

Julianne Moore, Golden Globe winner Adele, Kate Hudson, Nicole Kidman, Amanda Seyfried all chose gold jewelry for the 2013 Golden Globes Gold was the unique choice amongst a select cadre of well — dressed stars at the Golden Globes. Yellow gold proved to be the perfect accompaniment for standout frocks, and both vintage and modern [...]

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Demand for Gold Improves

Paul A Ebeling Jr — Mon, 14 Jan 2013 06:00:20 +0000

Demand for Gold rises, central banks diversify reserve holdings USD, EUR, RMB, HUI, BACHF Demand for Gold is on the rise as central banks and sovereign funds are likely to replace USD and EUR holdings with the precious metal due to the uncertainty caused by the global financial crisis, a report issued by the Official [...]

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China and the Gold Price

Paul A Ebeling Jr — Mon, 14 Jan 2013 05:51:47 +0000

Chinese Gold imports support the precious Yellow metal price Gold prices gained 6.70 0.4% during the last week, as the precious Yellow metal’s value was supported by Chinese Gold imports which rose to a 7 month high in November 2012, said Gerhard Schubert, head of precious metals at bank Emirates NBD Saturday. In his weekly [...]

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Gold and Wall St 2013

LiveTradingNews.com wire staff — Sun, 13 Jan 2013 11:32:42 +0000

Gold and Wall St 2013 The word I would use to describe this market is “tedious.” It seems that nothing truly exciting has occurred since the monetary metals, and the Dow Jones took their plunges in 2011. In our theatre-of-the-absurd called the financial markets, the holy grail of “policy” is “STABILITY”, and stability is boring. [...]

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Gold, Silver and Oil Prices and Trading

Paul A Ebeling Jr — Sun, 13 Jan 2013 11:06:09 +0000

Gold, Silver and Oil Prices and Trading The Overall Fundamentals Commodities posted modest gains last week on a few optimistic headlines related to Europe and China. The Basel Committee of banking supervisors announced that they will delay the time that global banks should acquire designated liquid capitals to weather future crisis by 4 yrs to Y 2019. The [...]

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Gold Price Update, Rally Due

Shayne Heffernan — Fri, 11 Jan 2013 13:45:03 +0000

Gold jumped more than 1 percent, rising back above its 200-day moving average, a key chart level, after the European Central Bank gave no indication after a policy meeting it would cut rates, prompting a rally in the euro. The metal struggled to maintain those gains, however, as the dollar steadied against the single currency [...]

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Gold Price to Rally

Shayne Heffernan — Thu, 10 Jan 2013 07:32:41 +0000

Gold Price to Rally Turnover on the Shanghai Gold Exchange soared to a record 22 tons M, adding the daily average turnover volume was 8 tons last year. Gold futures finished lower Wednesday, pulling back after a sizable gain in the previous session, as a stronger dollar and a climb in U.S. equities lured some [...]

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Gold Price Update

Shayne Heffernan — Wed, 09 Jan 2013 08:34:20 +0000

The Gold price has been flat at $1,658.75 in Asian hours Vs $1,659.25 yesterday, Gold rose 0.8 % yesterday, the most since Jan. 2, Cash silver was little changed at $30.36 , Spot platinum fell 0.1 % to $1,579 , while palladium was little changed at $673.75 . Gold February delivery slipped 0.2 % to$1,658.40 [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Tue, 08 Jan 2013 20:31:31 +0000

Gold, Silver and Crude Oil Trade US Gold futures finished pit trade higher Tuesday on Short covering and bargain hunting following recent downside action. Tuesday’s price action signals that the Bears may have run out of steam near-term. Feb Gold last traded + 13.50 at 1,659.90 oz. Spot Gold was last quoted + 11.30 at [...]

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Deutsche Bank NYSE:DB Downgrades Gold and Silver

Paul A Ebeling Jr — Tue, 08 Jan 2013 18:36:23 +0000

Deutsche Bank NYSE:DB Downgrades Gold and Silver GLD, ABX.GDX, SLV, SLW Deutsche Bank AG joined a growing list of investment banks cutting their forecasts for precious metals for Ys 2013 and 2014. In what looks to be large front-end cuts to Y 2013 pricing for Gold and Silver, Deutsche Bank lowered the Y 2013 forecast [...]

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Gold, Silver and Crude Oil Prices and Trading

Paul A Ebeling Jr — Mon, 07 Jan 2013 20:48:24 +0000

Gold, Silver and Crude Oil Prices and Trading GLD, HUI, SLV, OIL US Gold futures finished pit trade lower Monday on follow-through technical selling from Friday’s losses. Monday’s weak close signals that the Bears have the near-term technical advantage. The Gold Bulls were disappointed the precious Yellow metal could not rally when the USD index [...]

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Gold Price Update

Shayne Heffernan — Mon, 07 Jan 2013 09:46:54 +0000

Gold Price Update For now, strong physical buying in India, China and Southeast Asia also helped underpin prices. Hedge funds and money managers increased the size of their net longs in gold futures and options in the week to Dec. 31, ending two weeks of declines, Commodity Futures Trading Commission data showed on Friday. Elsewhere, [...]

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Gold Price Summary

Paul A Ebeling Jr — Sat, 05 Jan 2013 16:04:19 +0000

Gold price down on the day and week UBS, GS, GLD, SLV, OIL Gold prices were down on the day and the week, the most-active Feb Gold contract on the Comex division of the Nymex settled at 1,648.90 oz, down 0.42% on the week. March Silver settled at 29.945 oz, down 0.1% on the week. [...]

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Gold and Silver Outlook 2013

LiveTradingNews.com wire staff — Thu, 03 Jan 2013 13:35:26 +0000

Read it and weep all you “respectable” investment advisors and “financial journalists”; gold has finished its twelfth up year since the stock market top in January 2000, with silver finishing its tenth up year of the past twelve. To see the actual significance of gold and silver’s performance since December 1999, the table below lists [...]

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Gold, Silver and Crude Oil Prices and Trading News

Paul A Ebeling Jr — Wed, 02 Jan 2013 19:38:07 +0000

Gold, Silver and Crude Oil Prices and Trading News US Gold futures finished pit trade in the USA higher, tapping a 2 wk high Wednesday. Short covering, bargain hunting and speculative buying came into the Gold and Silver markets Wednesday. It was a “risk-on” day in many markets as the world’s financial was relieved that [...]

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Gold Price Update

Paul A Ebeling Jr — Wed, 02 Jan 2013 17:30:42 +0000

Gold Price Update Gold traders are the most Bullish in 4 months as US lawmakers made budget deal, as hedge funds are cutting bets on higher prices. Fifteen of 19 analysts surveyed expect prices to rise this week and 1 was Bearish. The other 3 were Neutral, making the proportion of bulls the highest since [...]

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Gold Price, Gold Silver Ratio Update

Shayne Heffernan — Wed, 02 Jan 2013 08:59:23 +0000

Spot gold at $1,677.25 , flat Vs. Dec. 31 , Gold rallied 7.1 % in 2012 a 12th annual gain, Gold February flat at $1,677.20 in Asian Hours after earlier losing 0.3 % in American hours. Gold Futures climbed to$1,681 on Dec. 31, the highest price since Dec. 18, and ended 2012 up 7 % [...]

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Gold Price: Gold is a 2013 Winner

Shayne Heffernan — Mon, 31 Dec 2012 11:04:45 +0000

Gold Price: Gold is a 2013 Winner 2013 is going to be the year of printing money, and some exposure to Gold is going to be essential as a way to hedge the inflationary effects of easy money. Gold will break $2000 in 2013 there is little doubt. More than 80 per cent of gold [...]

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Buying and Selling Gold in Thailand

Shayne Heffernan — Mon, 31 Dec 2012 05:26:52 +0000

Buying Gold by the Baht Thai Gold is famous worldwide for its high purity of 96.5 percent (or 23 carat). Thai Gold is measured in “Baht” and is not to be confused with the same word for Thailand’s Currency. Every shop in Thailand follows the gold price set by the Thai Gold Traders Association. Thai [...]

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Gold Price Moving Higher

Shayne Heffernan — Thu, 27 Dec 2012 14:17:41 +0000

The Gold price fell $4.58 an ounce to $1,654.91. Gold has come off a 4-month low of $1,635.09 struck last Thursday, but remains below a record high of around $1,920 hit in September 2011. Investors await the release of US weekly jobless claims data due out later after a recent run of positive economic data [...]

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Gold Price Update

Shayne Heffernan — Mon, 24 Dec 2012 06:53:57 +0000

Gold Price: spot fell 0.3 % to$1,652.20 at $1,657.45 in Asian hours , the Gold Price fell 2.3 % last week. Factors U.S.Budget talks stalled, boosting concern lawmakers will fail to agree on a deal to avoid tax US Republicans cancel vote on Speaker Boehner’s plan to allow higher tax rates for annual income above $1 [...]

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Pan American Silver NASDAQ:PAAS Halts Argentina Mine Project

Paul A Ebeling Jr — Sun, 23 Dec 2012 08:30:08 +0000

Pan American Silver NASDAQ:PAAS Halts Argentina Mine Project Pan American Silver Corp. has stopped work on its Navidad Silver mine project in Argentina’s Chubut province due to the local legislature’s failure to pass a regulatory plan for mines and a proposed bill that could sharply raise taxes on the industry. “We’ve suspended new investment in [...]

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Gold, Silver and Oil Prices This Week

Paul A Ebeling Jr — Sun, 23 Dec 2012 08:03:28 +0000

Gold, Silver and Oil Prices This Week BP, BP, GLD, SLV, UCO, OIL, UNG, UNL The Overall Fundamentals Sentiment, hence the performance of financial markets moved according to the headlines of US budget negotiation. Earlt in the week, investors were optimistic as the GOP said that President Obama’s new proposal pointed to the right direction. [...]

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Gold Price, Is It a Buy?

Paul A Ebeling Jr — Thu, 20 Dec 2012 21:25:05 +0000

For traders question is why be long Gold during one of the most aggressive rallies in years, when asset prices of every description, except precious metals, are going headed North? When US Fed Chairman Bernanke announced QE-4 the reaction of most investors was to buy Gold. After all, monetary expansion and rising prices Gold is [...]

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Gold and Silver Volatility: 1969-2012

LiveTradingNews.com wire staff — Thu, 20 Dec 2012 09:13:16 +0000

Gold and Silver Volatility: 1969-2012 And Possibly the Best Play for a Crash in the Global Bond Markets Mark J. Lundeen 19 December 2012 Let’s take a historical look at daily volatility in the old monetary metals from the early days of the 1969-80 bull market to the present. Doing so, we’ll gain a unique [...]

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Silver Price a Bargain, Might be 2013′s Best Performing Metal

Shayne Heffernan — Thu, 20 Dec 2012 08:30:02 +0000

Silver Price a Bargain, Might be 2013′s Best Performing Metal ETF Holdings of Silver stood at a record 18,854 metric tons in November valued at about $19.2 billion. Prices will average $40.30 an ounce next year according to research by Heffcap. Silver’s use in industrial applications is expected to gain 8% to over 500 million [...]

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Gold Price Makes for Great Investing

Shayne Heffernan — Thu, 20 Dec 2012 07:32:44 +0000

Gold Price Makes for Great Investing I am still confident Gold will break $2000 in the first half of 2013. And now is a great time to be buying. Gold was flat at $1,666.80 in Asian trading after falling 0.2% yesterday and falling to $1,661.10 on Dec. 18, the lowest since Aug. 31, Gold February [...]

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Gold, Silver and Crude Oil Price and Trading

Paul A Ebeling Jr — Wed, 19 Dec 2012 20:52:51 +0000

Gold, Silver and Crude Oil Trade in USA US Gold futures prices finished pit trade a bit lower Wednesday, on follow-through selling from Tuesday’s fall. Weak Longs in Gold and Silver have exited their positions during this recent sell off. Feb Gold last traded -1.80 at 1,668.90 oz. Spot Gold was last quoted -3.00 at [...]

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Gold Price Heads to $2000

Paul A Ebeling Jr — Wed, 19 Dec 2012 17:52:56 +0000

Dillon Gage Metals is calling for higher Gold prices in Y 2013 at $2,000 oz. With Gold at $1,671.90 oz Wednesday, that translates to about 20% expected price rise in the precious Yellow metal. with the amount of fiat money the central banks are printing this should not be surprising. Dillon Gage Metals Group is [...]

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Gold Price Update, Gold Remains a Buy

Shayne Heffernan — Wed, 19 Dec 2012 07:07:57 +0000

Spot up 0.3 % to $1,676.85 and was at $1,674.80 in Asian hours , Fell to $1,661.10 yesterday, the lowest since Aug. 31, Gold February up s 0.4 % to $1,677.80 , Silver up 0.6 % to $31.815 . Platinum up 0.4 % to $1,598.75 and was at $1,596.75. Palladium gained 0.2 % to $689.50. [...]

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Gold, Silver and Crude Oil Price Preview

Paul A Ebeling Jr — Tue, 18 Dec 2012 20:50:58 +0000

Gold, Silver and Crude Oil Trading in the USA US Gold futures finished pit trade sharply lower tapping a fresh 3.5-month low Tuesday. The Gold market started to sell off late-morning trading right about the time that US House Speaker Boehner mentioned a “Plan B” on the Fiscal Cliff negotiations. It was also about the [...]

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Gold Price at Support Levels

Shayne Heffernan — Tue, 18 Dec 2012 17:25:06 +0000

The Gold Price is has dipped in to the strong buy zone as politics dominates the market. This is a Gold/USD reaction that is seeing Gold trade lower, the US will print more money and the Gold Price will rise. The U.S. dollar has fluctuated on many of the public announcements by President Barack Obama, [...]

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Gold Price Begins to Rally

Shayne Heffernan — Tue, 18 Dec 2012 07:50:07 +0000

Gold Price Begins to Rally Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Gold. Spot gold up 0.3 % to $1,702.40 ,and traded at $1,702.05 in Asian hours up 2nd day , It had fallen to $1,686.70 yesterday, (Low Dec 7) . Gold February up 0.3 % to $1,703.10 . [...]

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Gold, Silver and Crude Oil Price Update

Paul A Ebeling Jr — Mon, 17 Dec 2012 20:18:10 +0000

Gold, Silver and Crude Oil Price Update US gold futures prices finished pit trade flat to unchanged Monday in quite trade. Many traders and investors are winding things down or have moved to the sidelines for the holidays. Feb Gold last traded + 0.80 at 1,697.80. Spot Gold was last quoted + 0.40 at 1,697.00 [...]

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Gold Price Falls, Buy the Dips

Shayne Heffernan — Mon, 17 Dec 2012 09:51:17 +0000

Gold Price Falls, Buy the Dips The Gold Price has fallen but to me, it is an early Christmas present from the market, the US, Europe and Japan will print money at a rate the world has never seen in 2013, buy Gold on the dips, and do not keep your Gold in the USA. [...]

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Gold, Silver and Oil Prices and Tading Update

Paul A Ebeling Jr — Mon, 17 Dec 2012 05:09:52 +0000

The Overall Fundamentals Precious Metals The precious metals complex rose just after the US Fed announced expansion of QE-3 last Wednesday, the rise was short-lived, Gold and Silver reversed the gain Thursday. The Fed’s move of expanding the size of asset purchases by US$45-B as Operation Twist expires by the end of the month was [...]

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