• Lear Capital: Gold and Silver Buy Signals Measure on Richter Scale

    March 07 2013 9:28 AM

    Sorry, there are just too many rumblings related to gold and silver supply. Validating any of them should send a buy signal so strong it could measure on the Richter scale. In the case of gold, you have three major supply sources. You have mine production, scrap and Central Bank selling. One writer says we are headed for a gold production cliff. Other references to a steady decline in production are everywhere. Maybe that’s why mining stocks are down.

  • Gold and Silver Finish February in the Red

    February 28 2013 5:38 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, dropped $17.60 to settle at $1,578.10 per ounce, while silver (NYSEARCA:SLV) futures for March fell 55 cents to close at $28.40. It was gold’s fifth consecutive monthly loss.

  • Gold, Silver and Miners Remain Junk Grade Investments

    February 28 2013 9:33 AM

    Since silver and gold topped in 2011 investors have been struggling with these positions hoping this cyclical bull market for metals continues. The simple truth is no one knows for sure if prices will continue and make new highs and those who say its a for sure thing we all know deep down is full of bull crap.

  • Some Political Considerations for Silver Prices

    February 27 2013 8:34 AM

    Silver prices have now traded sideways for around 16 months. The lower end of this trading range is $27.00/oz and the higher end is $35.00/oz. As of today the price stands at $29.33 having bottomed at $28.50, it’s taken 4 trading sessions of small but positive gains to reverse the downward spiral from $32.00/oz. Not much to write home about here, but it is encouraging that the carnage is showing signs that it might be over, for now at least. It could of course be a relief rally with more downside selling pressure waiting in the wings a little further down the track. Either way we are still a long way down from the heady days of $48.00/oz.

  • Bargain Hunting: Gold Picks Up Again

    February 26 2013 5:57 AM

    A number of factors combined to lift the yellow metal for the second day in a row as Asian buyers rushed in to buy bullion.

  • Gold and Silver Finish Lower Amid Dollar Strength

    February 22 2013 4:44 PM

    On Friday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, decreased $5.80 to settle at $1,572.80 per ounce, while silver (NYSEARCA:SLV) futures for March fell 24 cents to close at $28.46. Both precious metals finished the week lower, as the U.S. dollar gained strength against the euro currency. The euro-zone economy is expected to contract for the second consecutive year in 2013, and the third year in the past five, according to the European Commission. The forecast is for a 0.3 percent contraction and expects a decrease in spending by businesses, consumers and national governments.

  • Time to Buy Precious Metals Now

    February 22 2013 7:56 AM

    Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears the mining stocks will bottom quite a bit lower than we thought two months ago and even five months ago. Three weeks ago we noted that a potential final bottom was on the way. After beating around the bush we are ready to say that now is the time to begin buying and we’ll show you why.

  • Gold and Silver Bounce After Jobless Claims Rise

    February 21 2013 5:36 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, increased 60 cents to settle at $1,578.60 per ounce, while silver (NYSEARCA:SLV) futures for March edged 8 cents higher to close at $28.70. It was the first positive day for gold in six trading sessions.

  • Gold and Silver Nearing MAJOR Long Term Support

    February 21 2013 8:30 AM

    Gold and silver along with their related miners have been under a lot of selling pressure the last few months. Prices have fallen far enough to make most traders and investors start to panic and close out their long term positions which is a bullish signal in my opinion.

  • Gold and Silver Plunge as Fed Keeps Printing $85 Billion Per Month

    February 20 2013 5:17 PM

    On Wednesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $26.20 to settle at $1,578 per ounce, while silver (NYSEARCA:SLV) futures for March plunged 80 cents to close at $28.62. The price of gold has now declined for five consecutive trading sessions to post its lowest close since July. Both precious metals witnessed heavy-selling pressure, as the U.S. dollar climbed higher. Although the Federal Reserve decided to keep its current $85 billion/per month quantitative easing programs in place, it is injecting fear on how long they will continue.

  • Sterling At Risk Of "Large-Scale Devaluation" As Currency Wars Intensify

    February 19 2013 10:24 AM

    Gold inched up Tuesday morning, however the dollar’s rise to a one month high limited bullion’s gains. European markets are cautious ahead of Italy’s elections on Feb. 24-25th, including candidate and former Prime Minister, Silvio Berlusconi. Mario Draghi urged finance chiefs from the G20 to be “prudent” when talking about currency movements.

  • Gold's Glitter Fades - How Low Will It Go?

    February 19 2013 6:40 AM

    The recent price drop in gold -- 10 percent since October to about $1,610 per ounce -- could continue.

  • Precious Metals - Silver Prices Remain In A Consolidation Mode

    February 18 2013 8:51 AM

    So far this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster. The anecdotal evidence suggests that the demand for physical silver remains strong, however over on the COMEX the paper shorts appear to have the whip hand.

  • PM Recap: Central Banks Still Buying Gold Amid Consolidation

    February 14 2013 5:48 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $9.60 to settle at $1,635.50 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 52 cents to close at $30.35.

  • Gold and Silver Ignore Inflation Outlook

    February 14 2013 9:31 AM

    On Wednesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, fell $4.50 to settle at $1,645.10 per ounce, while silver (NYSEARCA:SLV) futures for March dropped 15 cents to close at $30.87.

  • Platinum and Palladium Rise On Supply Concerns – Zimbabwe Now

    February 13 2013 9:33 AM

    Gold and silver are marginally lower today while platinum and palladium have eked out further gains after the 1% gains seen yesterday. The Wall Street Journal reports that there was gold buying in Asia overnight with “bargain hunting helping to lift prices”.

  • Gold and Silver Hold Steady Amid Currency War Chatter

    February 12 2013 4:24 PM

    On Tuesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, edged 50 cents higher to settle at $1,649.60 per ounce, while silver (NYSEARCA:SLV) futures for March increased 11 cents to close at $31.02. Both precious metals held relatively steady as currency wars continues to gain attention. The G7, a group of seven nations, warned that fiscal and monetary policies should not be directed at devaluing currencies, although actions suggest otherwise.

  • Precious Metals Recap: Russia Becomes Largest Gold Buyer in the World

    February 12 2013 9:40 AM

    On Monday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, dropped $17.80 to settle at $1,649.10 per ounce, while silver (NYSEARCA:SLV) futures for March fell 53 cents to close at $30.91.

  • Gold and Silver Fall After ECB Meeting

    February 07 2013 3:05 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, decreased $7.50 to settle at $1,671.30 per ounce, while silver (NYSEARCA:SLV) futures for March fell 47 cents to close at $31.40. Both precious metals declined as the U.S. dollar index moved higher against the euro. The European Central Bank decided to leave its key interest rate at a record low of 0.75 percent, but said it will monitor the effects of a strengthening euro, leaving the door open for a future interest rate cut.

  • Platinum Surges 12% YTD – Mine Closures Sees Supply Fall to 13 Year Low

    February 06 2013 9:47 AM

    The world's biggest consumer of gold is battling a record high current account deficit. Rather than tackling the root cause of the problem, bankers are again tackling the symptom which is demand for gold. However, the anti gold stance and attempts to curb gold demand in India by the government is leading to some 25%of gold flows into India coming from irregular channels. A warning for anti gold and anti free market governments everywhere.