Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
Wednesday
May222019

European Politics And Its Indirect Effect On Gold Prices

Preamble

The European elections take place this Thursday in the UK and the polling suggests a win by a large majority by the Brexit Party which was formed just 5 weeks ago. Some bookmakers have the Brexit Party at 1:20 with the second place going to the Labour Party at 20:1, in their eyes the Brexit Party will win the most seats by a large majority. As I have said before the last thing that the EU wants is the return of Nigel Farage as his stance for independence and democracy causes restlessness within other nation states.

If the EU can throw the British PM a bone and she in turn can persuade a few of the opposition MPs to vote for the three times rejected EU treaty, then it might pass. Theresa May intends to ask her cabinet to sign off a package of Brexit concessions this week, as she ramps up for one last bid to win over MPs and salvage her version of Brexit.

If that happens then the UK will be out of the EU in terms of having representation but tied in via the new treaty and as a result that would be unpalatable for many in the UK. The fight for democracy in the UK will not stop regardless of parliamentary decisions so I expect that this issue is not going to be put to bed for some time.

The lack of clarity surrounding this issue is having a negative affect on both the Pound and the Euro and thus the US Dollar glistens by comparison and remains strong.

To summarize the US Dollar Index is made up of a basket of currencies including the Pound sterling at 11.9% and the Euro at 57.6%. When these two currencies are under pressure and head south the US Dollar becomes the beneficiary and remains buoyant.

The US Dollar has an inverse relationship with gold so as the US Dollar strengthens gold prices weaken. We have been through a phase of rate hikes in the US which now appears to be over. The next move could be a rate cut and if that was then followed with the reintroduction of QE the US Dollar would lose its gloss and commence a decline. It is this sort of ignition that will set the gold market on fire. Until then or until we experience a ‘Black Swan’ event gold prices will continue to trade sideways at best.

A Quick Look At The Charts

The chart below shows the steady advance of the US Dollar and its penetration of the resistance level at ‘97’ which now becomes a support level.

 

 

The chart below shows.........


READ MORE

 


If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices

 

 


Thursday
May162019

Silver Prices Continue To Slide


Todays drop was pretty bad for silver prices. The recent high of $16.25 now looks like a distant memory as the summer doldrums are upon us. There two main reasons for this fall in my humble opinion and they are the US Dollar and the S&P 500.

The US Dollar has managed to retain a position

Click to read more ...

Tuesday
May142019

The Precious Metals Stocks Suppressed Due The Recovery Of The S&P500

Preamble

In today’s modern world of investment opportunities there are a myriad of attractions for an investors hard earned funds. There are pros and cons for each one of them and sooner or later they all have their day in the sun. Investments on offer include but are not limited to; currencies, real estate, land, art, antiques, bonds, stocks, coins, various funds, crypto currencies, etc.

Our particular interest is the precious metals mining sector which unfortunately has been battered over the last five or six years and remains very much in the unwanted category. However, we could argue that "the time to buy is when there's blood in the streets." A saying that is attributed to Baron Rothschild, a member of the Rothschild banking family. He made a fortune by investing in the uncertainty that followed the Battle of Waterloo against France, when his peers where disposing of their holdings. Is the precious metals sector bleeding at the moment? we don’t think so, but this sector is most certainly close to it and worthy of further consideration.

The Gold Bugs Index (HUI) Chart

The chart below shows that there is strong resistance at the 180 level and despite a number of attempts to breakout the precious metals mining stocks have failed to do so. The technical indicators such as the MACD and the STO are in the oversold zone with the RSI sitting just above the 30 level which is regarded by some technicians as a buy signal should the stocks drop below this level.

 

The recent sell-off from 180 to 150 wiped 16% of the value of this index......... READ MORE

 

The sudden drop in the S&P 500 had an immediate impact on gold as it jumped $12.00 or so. The trade war between China and the US has made the markets nervous..

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices

 

 


Monday
Apr222019

Gold Mining Gold Mining Stocks Still In Weak Hands (Part 4)

Preamble

It is 8 months since we penned part 3 of this post when The Gold Bugs Index (HUI) stood at 135. Since then things have improved for the precious metal sector and the HUI had risen to a peak of 180. Alas since then some of the euphoria has dissipated as profits were too good to resist for some investors and so they so they capitalized on their gains and disposed of their holdings.

The HUI Chart


This chart shows the rally from September 2018 to February 2019 where it peaked at 180, however,

Click to read more ...

Monday
Apr152019

Wheaton Precious Metals Corporation: On The Up

Preamble

In 2010 we became big fans of the ‘streaming model’ and as it was known then Silver Wheaton Corporation (SLW) which has been very kind to us over the years. On the 8th September 2010 we penned a short piece entitled;

Silver Prices: Dare To Dream

A short snippet follows:

Now, remember if you don't have dreams, they can’t come true, so line up a few things that are unique in terms of dreams to you and then prepare the road map of how to achieve them. We won’t bore you with our dreams as they vary from the simplistic to the ridiculous. However, our road map consists of holding a core position in the physical metals along with a small list of mining stocks and some cash for trading purposes. At the moment we utilize the recommendations as stated in our premium options trading service to boost our returns along with the occasional more cavalier trade being posted on our sites.

In this instance our road map involves taking a spread of Call Options on our favourite stock, SLW, with the following purchases.

December 2010 $26.00 Calls @ $1.55

December 2010 $30.00 Calls @ $0.58

December 2010 $35.00 Calls @ $0.18

January 2011 $26.00 Calls @ $2.00

January 2011 $27.00 Calls @ $1.64

This trade was thought by some to be a bit of a stretch, however, if you are in the business of predictive analysis you do need to arrive at an actionable conclusion and put your hard-earned cash on the line. We were very fortunate as all of these trades returned more than a 100% profit.

A Brief update on this stock.

Today Silver Wheaton Corporation has a new name; Wheaton Metals Corporation (WPM) and historically

Click to read more ...

Tuesday
Apr092019

In The Event Of A Fiat Currency Collapse Would Gold Rocket? 

Preamble

One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:

2,000,000 marks, Germany 1923

100,000,000 Pengos, Hungry 1946

5,000,000 Kwanza, Angola 1995

100,000,000,000,000 dollars, Zimbabwe 2008





These bank notes serve as a reminder that currencies can be devalued in dramatic fashion and eventually become worthless. In today's world we are reliant on a number of Fiat currencies of which some could suffer a similar fate

Click to read more ...

Wednesday
Apr032019

Pound Rallies As Commons Pass Bill Requesting Another Brexit Delay By One Vote

Succeeding in their latest attempt to head off a no-deal Brexit, the Commons has passed the Cooper Letwin bill legally requiring Prime Minister Theresa May to request another delay of Article 50 if the UK looks to be on the cusp of leaving the EU without a deal.

Click to read more ...

Monday
Mar112019

Gold Fails At Critical Resistance Level 

 Preamble

Since the last all-time high of $1900/Oz made in 2011 Gold Bugs have taken it on the chin as gold fell from grace resulting in many investors leaving this space in search of greener pastures. In recent years gold has levelled out and is indeed shaping up for a comeback as it once again eyes the near-term resistance level of $1350/Oz.

For many investors breaching this level won’t be good enough to tempt them into parting with their cash, it will take something more substantial like a weekly close above $1450/Oz. And that is only the point that they start to think;

Click to read more ...

Tuesday
Feb262019

Gold To Obliterate The Resistance Level Of $1350/Oz 

 

<p><span style="font-size: 140%;">It feels like a distance memory since gold traded at the heady heights of $1900/Oz, since then the bears have been in control and gold has been savaged along with the associated <strong><a title="http://www.skoptionstrading.com/updates/2011/8/23/425-gain-in-8-weeks-for-sk-optiontrader-subscribers.html?a_aid=4ff63c167fff1" href="http://www.skoptionstrading.com/updates/2011/8/23/425-gain-in-8-weeks-for-sk-optiontrader-subscribers.html?a_aid=4ff63c167fff1" target="_blank">mining stocks</a></strong>.</span></p>
<p><span style="font-size: 140%;">However, since 2016 gold has been making somewhat of a comeback and is now trading close to $1350/Oz. This is a level that it has tried to pierce on 6 or more occasions and failed as each rally ran out of steam, they were head fakes disguised as a rally. This resistance level needs to be obliterated with some gusto and <strong><a title="http://www.gold-prices.biz/home/2009/5/28/randgold-resources-limited-take-profits.html" href="http://www.gold-prices.biz/home/2009/5/28/randgold-resources-limited-take-profits.html" target="_blank">gold</a></strong> needs to find the traction to take out the next resistance level which is $1400/Oz before there is more or less a clear run to $1800/Oz and then new all-time highs of $2000/Oz and beyond for gold.</span></p>
<p><strong><span style="font-size: 140%;">A quick look at the gold chart</span></strong></p>
<p><strong><span style="font-size: 140%;"><span class="full-image-block ssNonEditable"><img style="width: 550px;" src="/storage/Gold Chart 26 February 2019.jpg?__SQUARESPACE_CACHEVERSION=1551151973911" alt="" /></span><br /></span></strong></p>
<p><span style="font-size: 140%;">The above chart shows the resistance $1350/Oz in red and also shows in blue squares the number of attempts it has made over the last 5 years to breakthrough this resistance and failed.</span></p>
<p><span style="font-size: 140%;"><strong style="font-size: 150%;"><a title="https://seekingalpha.com/account/authorboard_overview" href="https://seekingalpha.com/account/authorboard_overview" target="_blank">read more.......</a></strong></span></p>
<p>&nbsp;</p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;"><em><strong><span style="font-size: 130%;"><a title="http://www.bullionvaultaffiliate.com/GOLDPRICES/en" href="http://www.bullionvaultaffiliate.com/GOLDPRICES/en" target="_blank">gold</a> is hanging in there despite it being options expiry time which usually sees the precious metals getting pushed lower.</span><br /></strong></em></span></span></span></p>
<p><span style="font-size: 90%;"><span style="color: #0000ff;"><span style="font-size: medium;">If you would like to know which stocks we are buying and selling please join us at</span></span><span style="color: #000000;"><span style="font-size: medium;"> &lsquo;</span></span><strong><a href="http://www.gold-prices.biz/stock-trader-services/" target="_blank"><span style="color: #89781b;"><span style="font-size: medium;">Stock Trader</span></span></a></strong><span style="color: #000000;"><span style="font-size: medium;"><strong>&rsquo;</strong></span></span><span style="color: #000000;"><span style="font-size: medium;"> </span></span><span style="color: #0000ff;"><span style="font-size: medium;">our premium investment service.</span></span></span></p>
<p><strong><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">Subscribe for 12 months with recurring billing - $199</span></span></span></strong></p>
<p><form action="https://www.paypal.com/cgi-bin/webscr" method="post">
<input type="hidden" name="cmd" value="_s-xclick">
<input type="hidden" name="hosted_button_id" value="P53U6TBNJ4CTW">
<input type="hidden" name="item_number" value="Subscription">
<input type="hidden" name="notify_url" value="http://skoptionstrading.postaffiliatepro.com/plugins/PayPal/paypal.php">
<input type="hidden" name="custom" value="" id="pap_dx8vc2s5">
<script id="pap_x2s6df8d" src="http://skoptionstrading.postaffiliatepro.com/scripts/notifysale.php?accountId=default1" type="text/javascript">
</script>
<input type="image" src="https://www.paypalobjects.com/en_US/i/btn/btn_subscribeCC_LG.gif" border="0" name="submit" alt="PayPal - The safer, easier way to pay online!">
<img alt="" border="0" src="https://www.paypalobjects.com/en_US/i/scr/pixel.gif" width="1" height="1">
</form></p>
<p><strong><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">Buy 12 months of subscription time - $199</span></span></span></strong></p>
<p><form action="https://www.paypal.com/cgi-bin/webscr" method="post">
<input type="hidden" name="cmd" value="_s-xclick">
<input type="hidden" name="hosted_button_id" value="R6UPVV666HS7N">
<input type="hidden" name="item_number" value="Fixedterm">
<input type="hidden" name="notify_url" value="http://skoptionstrading.postaffiliatepro.com/plugins/PayPal/paypal.php">
<input type="hidden" name="custom" value="" id="pap_dx8vc2s5">
<script id="pap_x2s6df8d" src="http://skoptionstrading.postaffiliatepro.com/scripts/notifysale.php?accountId=default1" type="text/javascript">
</script>
<input type="image" src="https://www.paypalobjects.com/en_US/i/btn/btn_buynowCC_LG.gif" border="0" name="submit" alt="PayPal - The safer, easier way to pay online!">
<img alt="" border="0" src="https://www.paypalobjects.com/en_US/i/scr/pixel.gif" width="1" height="1">
</form></p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">If you are new to investment in the precious metals sector then you can subscribe of our&nbsp;FREE&nbsp;newsletters regarding</span></span></span><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">&nbsp;</span></span></span><strong><a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=736330&amp;loc=en_US" target="_blank"><span style="color: #89781b;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">gold stocks</span></span></span></a></strong><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">,&nbsp;</span></span></span><strong><a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=736384&amp;loc=en_US" target="_blank"><span style="color: #89781b;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">silver stocks</span></span></span></a></strong><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">&nbsp;</span></span></span><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">and</span></span></span><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">&nbsp;</span></span></span><strong><a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=722508&amp;loc=en_US" target="_blank"><span style="color: #89781b;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">uranium stocks</span></span></span></a></strong><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;"><strong>,</strong></span></span></span><span style="color: #000000;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;"> </span></span></span><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">just click on the links and enter your email address and we will email you our articles along with other interesting posts.</span></span></span></p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;">Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.</span></span></span></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: medium;"><br /></span></span></span></p>
<p>&nbsp;</p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: 140%;"><a title="http://www.gold-prices.biz/home/stock-picking-contest-1st-place.html" href="http://www.gold-prices.biz/home/stock-picking-contest-1st-place.html" target="_blank"><em><strong>Winners of the GoldDrivers Stock Picking Competition 2007</strong></em></a>&nbsp;</span></span></span></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="font-size: 140%;">&nbsp;Follow us on TWITTER <em><strong>@goldprices</strong></em></span></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="color: #0000ff;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: 140%;"><br /></span></span></span></p>

Background

It feels like a distance memory since gold traded at the heady heights of $1900/Oz, since then the bears have been in control and gold has been savaged along with the associated mining stocks.

However, since 2016 gold has been making somewhat of a comeback and is now trading close to $1350/Oz. This is a level that it has tried to pierce on 6 or more occasions and failed as each rally ran out of steam, they were head fakes disguised as a rally. This resistance level needs to be obliterated with some gusto and gold needs to find the traction to take out the next resistance level which is $1400/Oz before there is more or less a clear run to $1800/Oz and then new all-time highs of $2000/Oz and beyond for gold.

A quick look at the gold chart


The above chart shows the

Click to read more ...

Thursday
Feb212019

The Beaten Down Gold Sector Starts To Punch Back

Preamble

We have long held the opinion that the fortunes of the precious metals sector is largely dependent on the action or lack of it by the Central Bankers. Of note is the Federal Reserve who have now taken their foot off the accelerator regarding rate hikes in the US. We have stated that we doubt that we will get any rate hikes this year and we might even get a rate cut as the Fed remains “data driven” and has adopted a dovish stance regarding monetary policy.

Central Bank actions regarding monetary policy

There are also other Central Bankers which we need to be aware of as their actions can contribute to the expansion or contraction of the money supply such as the European Central Bank (ECB) and the Bank of England (BOE), etc. On Tuesday the governor of the Bank of Japan (BOJ), Haruhiko Kuroda, gave notice that the central bank was ready to ramp up stimulus if sharp rises in the yen damaged the Japanese economy and undermined his strategy of achieving a 2% inflation target. As we all know money knows no boundaries and will migrate across borders in the blink of an eye. Inflating the money supply tends to weaken a currency and the Yen did fall on this news from the BOJ. It is difficult to make a direct correlation between the Yen weakening and gold prices rising but gold did trade higher following this piece of news.

On the horizon the president of the ECB, Mario Draghi and the governor of the BOE, Mark Carney, are soon to leave their posts. The loss of familiar faces creates a certain amount of uncertainty as we do not know who will replace them and what sort of strategy they will adopt when managing monetary policy. If the replacements are of a dovish disposition, then we would expect gold and silver to be the beneficiaries.

Gold Surges To 11 Month Highs

As we can see from the chart below gold has reacted positively since the golden crossover so we would now like to see gold prices get above the $1370.00/Oz level and settle there. The technical indicators remain in the overbought zone suggesting a near term pullback, but they could also stay there for some time before unwinding. Gold has rallied well since Labour Day and is gaining a tad more air time which is positive for gold bugs.


 

Gold Miners Are finally on the move

The precious metals stocks are now flirting......................

Click to read more ...