Almost unnoticed, Open Interest in gold futures has taken off spectacularly, increasing by over 35,000 contracts since the beginning of the month, which is shown in the following chart.
As a general rule of thumb, an increase in Open Interest on a rising gold price is bullish, indicating the bulls are back in charge. The pick-up in silver’s open interest is not so marked because it start... read more
It has become universally recognized that the power of thought can change anything.
Silver remains incredibly undervalued, and that bodes well for all of us silver stackers. The fact that silver and gold have purposefully been suppressed by the moneychangers makes the future for the next price rise to be greater than ever. Any time anything has been artificially manipulated, it makes the ult... read more
It is crystal clear to anyone willing to go a few steps beyond the headlines that massive intervention and ignorance of risk act as massive governors to progress, real economic growth and natural capital formation. Nevertheless, what is less clear is how these failures will manifest in precious metals - especially the silver market.
The catalyst for much higher prices will be of a monetary,... read more
The key to investing in silver is getting in before the big gains are made. The sector that will have the largest impact on future silver investment demand will be institutional buying. According to Rick Rule of Sprott Asset Management, we may be witnessing the beginning stages of what could be a big move of institutional investors in the physical precious metal market.
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Today’s AM fix was USD 1,241.00, EUR 912.63 and GBP 754.68 per ounce.
Yesterday’s AM fix was USD 1,237.25, EUR 908.61 and GBP 757.19 per ounce.
Gold climbed $1.90 yesterday, closing at $1,240/oz. Silver slipped $0.12 closing at $20.10/oz.
Gold bars (1 oz) premiums are between 4.75% and 5.5% and are tra... read more
CENTRAL BANKS, which in essence are the arbiters of the value of money and control the liquidity of currencies, are always at odds with the foreign exchange markets, writes Miguel Perez-Santalla at BullionVault.
Central banks wish they read more
Throughout the gold bull market, we examined the relationship between gold and monetary policy. Analysis of correlation between US real rates and gold prices provided us with an accurate model to predict the gold price until quantitative easing began to have a dominant effect. Once this occurred, we used the influence of the new monetary stimulus to show us the direction of the gold market
S... read more
The price of gold rallied in during last week. Moreover, on a monthly scale gold is up by 3.7%. The recent disappointing non-farm payroll report may have... read more
According to a famous trader of the past, W. D. Gann: “Time is more important (in markets), than price; when time is up, price will reverse.”
It has now been 29 months since gold last reached a new high in its current bull market cycle. The downtrend lasted 22 months (top to bottom), having bottomed on June 28th 2013 at $1180. Confirmation of the bottom came o... read more
US stocks fell about 1% Monday (give or take). Let's see, the total value of the stocks trading on the NYSE is about $17 trillion. So, Monday erased about $170 billion worth of 'wealth'. By our reckoning, there's about $7 trillion left to go.
It's too early to call a top...but we wouldn't want to be sitting on the uppermost branch of this tree. The higher up you go, the more dangerous your p... read more
