Video – Breaking News Ellis Martin Report with Jim Sinclair

A special unedited phone interview with legendary Jim Sinclair, about a very special situation taking place right now. The interview takes half an hour and you need to pay some attention to understand everything, but honestly it’s so important that everyone who is invested, should listen to it.


Continue reading on www.goldsilverwebsites.com

Gold knocking on the door of resistance at $1750

One thing in particular that really stands out to me in today’s trading session is the resilience of the gold market even as the safe haven trades were being put back on by a decent sized contingent of traders. The Euro got knocked down about 50 points and the US Dollar saw a pop higher as traders were expressing signs of nervousness over both Greece and now Portugal. Additionally, the long bond rallied up nearly a full point and is once again at the top end of a trading range that is now three months in duration.


Continue reading on www.goldsilverwebsites.com

Gold Bullion Headed for Biggest Monthly Gain this Century

Gold Bullion prices were headed for their biggest calendar month gain this century by Tuesday lunchtime in London. Gold Prices hit $1745 per ounce – just shy of 14% higher than the Dollar Gold Bullion price set at the last London Fix of 2011. By this measure, January 2012 looked set to record the fourth-largest calendar month gain in the last three decades, and the biggest since September 1999, the month that saw the signing of the Central Bank Gold Agreement, which limited the sales of Gold Bullion by signatory central banks. Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault.  

What is euro gold telling us ?

Gold priced in terms of the Euro continues to be most impressive on the chart as it creeps ever closer to its all time high. This move upwards is a visual telegraph that there remains deep-seated concerns over the European sovereign debt situation, especially on the Continent itself, in spite of the recent euphoria over “free money” for the next two years.


Continue reading on www.goldsilverwebsites.com

Junior Gold Stocks Rebound from Lows

The junior sector had a very difficult year in 2011 but has led the recent recovery (at least statistically) in the precious metals sector. Two of our favorite exchange traded funds, GDXJ and ZJG.to are up 30% and 25% respectively. That exceeds GDX (large caps) which has rebounded 15%. These are significant gains but barely put a dent in the low valuations for the sector. Ratio analysis shows us how undervalued the smaller gold stocks are yet an examination of history shows this is not out of the ordinary at this point in a bull market.


Continue reading on www.goldsilverwebsites.com

Why Gold Is Shining Bright & What the Fed is Doing

Well here we are, caught between resistance in the S&P 500 around the 1,330 area and support around the 1,300 price level. My last two articles have discussed why I was expecting a top in the coming days and weeks ahead, but prices just continued to work higher.


Continue reading on www.goldsilverwebsites.com

Underpriced Precious Metals Juniors Due to Move in 2012

After a tough year in 2011, there is definitely a good selection of underpriced junior resource stocks available for astute investors to focus on before the rest of the herd finally wakes up and smells the gold. In this exclusive interview with The Gold Report, Matthew Zylstra, mining analyst at Northern Securities, reviews the gold, silver and PGM markets and tells us why he believes that better times are ahead for junior miners in 2012, and which ones he particularly likes at current price levels. 


Continue reading on www.goldsilverwebsites.com

Greek crisis close to climax, gold & silver price fall slightly

Markets have been hit by another bout of selling this morning as Europe prepares for what could be a crunch week in terms of the continent’s debt crisis. As reported at The Telegraph, Greece’s prime minister Lucas Papademos warned last night that his country faced “the spectre of bankruptcy and all the dire consequences that entails”, while the weekend also saw calls from German economy minister Philipp Rösler for stronger “monitoring” of the Greek government’s finances. Unsurprisingly, Greece’s Finance Minister has rejected this, describing it as undermining his nation’s “national identity and dignity”. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy safely gold & silver online 

Chinese are buying Gold “like cheap cabbage”

The wholesale market cost of Buying Gold rose to $1728 per ounce Monday morning in London – down slightly on last week’s close – while stocks, commodities and the Euro all fell and government bond prices gained as European leaders met for their latest summit in Brussels. The cost of Buying Silver fell to $33.08 at one point – a 2.6% drop from where it ended last week. Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault. 

Gold Prices in 2012: miners bullish on gold’s outlook

This is bullishness on Gold Prices in the 2012 GoldPrice Report from Pricewaterhouse Cooper (available to download here). But the report also outlines many of the head winds facing producers, such as rising costs, falling stock prices and the pressure to pay more dividends in order to attract investment capital. PwC partner John Gravelle, who is the company’s mining industry leader for the Americas in its Toronto office, shares his thoughts in this interview with Hard Assets Investor. Continue reading on www.goldsilverwebsites.com


Buying Gold? Make it safer, cheaper and easier with BullionVault. 

The Fed, the S&P 500 & Why Gold Is Shining Bright

 Well here we are, caught between resistance in the S&P 500 around the 1,330 area and support around the 1,300 price level. My last two articles have discussed why I was expecting a top in the coming days and weeks ahead, but prices just continued to work higher.

One of the things that I pride myself in as a person who trades and writes about financial markets in public is that I am always honest. If I blow a call I fess up and admit it. When I have made mistakes in the past, I always try to learn something new from them and I discuss losing trades publicly with readers and members of my service.

Continue reading on www.goldsilverwebsites.com

The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck. This year is supposed to be even more auspicious since it’s a Water Dragon year, something that occurs once every 60 years. We admit that we don’t yet use the Chinese Horoscope as a technical indicator, and who knows, perhaps we should. One thing is certain—the Year of the Dragon began with an auspicious move for precious metals. The dragon that breathed fire into precious metals prices was the Federal Reserve which announced this week that it is planning to keep interest rates at rock bottom for some years and hinted at further economic stimulus measures. Gold prices hit 6-1/2 week highs on Thursday as stock markets, commodities and the euro all rallied. This followed Wednesday’s biggest one-day rise in three months after the Fed said it might consider further monetary easing through bond purchases (creating fiat currency out of thin air) and pushed back the likely timing of an eventual interest rate hike to late 2014.


Continue reading on www.goldsilverwebsites.com

Is It Time to Get into Gold Junior Mining Plays?

Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.


Continue reading on www.goldsilverwebsites.com

Money Flowing back into Commodities

Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the Fed keeps interest rates so low that money is free. This is the perfect environment for the wild-eyed speculator, especially the hedge fund types, who ADORE LEVERAGE and will shove as much money as they can wrap their fingers around into the commodity sector in anticipation of inflationary price rises.


Continue reading on www.goldsilverwebsites.com

Some notes about HUI gold stocks index

We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today’s session. I am not sure of the reason but whatever it is, the result is that the mining shares are finally seeing a strong bid in comparison to the broader equity markets.

As most gold mining shareholders have been all too painfully aware of by now, the mining shares have been lagging the broader market for the last 6 months or so now. Notice the peak last summer and the progression lower, particularly at the end of last year.

Continue reading on www.goldsilverwebsites.com

Gold regains half of its losses from the record peak price

Technicians make a big deal out of the 50% Fibonacci retracement level due to the psychological implications of that level in the minds of traders, both bulls and bears. Generally speaking,  those who have been on the wrong side of a trade and who have very deep pockets, will oftentimes allow the market to continuing moving against them while they wait for the inevitable price retracement, either higher or lower depending on which side of the market that they are on.


Continue reading on www.goldsilverwebsites.com

Euro Gold right at Resistance level

Take a look at the following chart of gold priced in Euros, or “Euro-Gold” as I prefer to term it. I have mentioned here and on some of my KWN Weekly Metals Wrap that this chart is one that all gold traders must continue to reference if they are to get a proper handle on the technical aspects of this market. The reason for this is that the issue most shaking the gold market during the “risk off” trades was the mess in the sovereign debt situation of many countries in the Euro-Zone.


Continue  reading on www.goldsilverwebsites.com

Gold ETF Mass Exodus

Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory. One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the notion that there would be widespread liquidations in the flagship GLD gold ETF, a mass exodus of capital.


Continue reading on www.goldsilverwebsites.com

Fed’s zero interest rate policy could affect GDP and gold’s price

Both the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the banks, and the Fed for reasons (despite explanations) that are not entirely clear. The Fed in its press release announced that it expected interest rates to “warrant exceptionally low levels for the Federal Funds Rate at least through late 2014.” The fact that the central banks governing the two most important currencies in the world are issuing money to all-comers at very little interest cost for up three years has not been lost on gold and silver, whose prices shot up in response to the Fed’s announcement. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy safely gold & silver online 

Central banks’ determination to inflate

Gold and silver moved further up the price chart yesterday, with the most-actively traded Comex gold contract (February) gaining $26.60 (1.6%) to settle at $1,726.70 per troy ounce. Silver for March delivery gained 62 cents (1.9%), settling at $33.74 per troy ounce. The HUI Index of gold and silver mining stocks put in a good showing following the FOMC news on Wednesday and continued higher early in the session yesterday. However, later on yesterday the shares faltered, which as some analysts have pointed out could be a sign that hedge funds lack confidence on the sustainability of this latest risk rally. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy safely gold & silver online 

Gold closed week with biggest weekly gain in 8 weeks

Spot market Gold Prices looked set for their biggest weekly gain since early December on Friday, rallying back above $1720 per ounce – a gain of over 3% on the week. Silver Prices meantime hovered around $33.60 per ounce – 4.2% up on last week’s close – while other commodities and stocks were broadly flat and US Treasury bond prices slipped.

A day earlier, Gold Prices hit a 7-week high at $1730 per ounce before easing in Friday’s Asian session. Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault. 

Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies

At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting.  They pledged to come up with economic salvation.  Immediately the equity markets mounted a year end “Halleluyah” rally.   Bernanke followed Europe’s footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014. Continue reading on www.goldsilverwebsites.com.

Click here to subscribe to my free 30 day trial of my premium service to read the full reports.

Yesterday’s Gold Chart – updated

Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the market encountered bullion bank selling originating at $1680. The FOMC made that a mirage as a zero interest rate environment for the next two years means an environment in which it pays to own gold. The yellow metal pays no interest but at this point, neither do short term Treasuries and those offer no protection from currency induced price increases. Just look at what is occuring across the commodity sector today as hedge funds now push the price of food, energy and metals in a northerly direction. Forget about tame inflation - that just vanished. 


Continue reading on www.goldsilverwebsites.com

Peter Schiff on yesterday's action in gold & silver : The real state of the Union

Peter Schiff explains in this video what yesterday's announcement of US Fed really means and why gold & silver soared with the news.


Continue reading on www.goldsilverwebsites.com

Jim Sinclair about yesterday's action in gold & silver: mainstream entities will now enter gold market

With gold and silver exploding to the upside on the Fed announcement, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair told KWN he now expects mainstream entities to enter the gold market. Here is what Sinclair had to say: “Today is an important day. There are many days we talk but this is a mile-marker. What the Fed did today is they turned on the light of what will be QE to infinity. Today the light went on with regards to the intentions of the Fed. They did that for very specific reasons, we have troubles people can’t see and this is one of the ways out.”

Continue reading on www.goldsilverwebsites.com

Fed Announces Record Low Interest Rates Until Late 2014 and Commodities Soar

Presently we notice the European Central Bank is pumping money into the sovereign institutions following the precedent of the U.S. Federal Reserve.  Indeed, this move is an admission that debt is being monetized before our very eyes.  Once again the lemmings have jumped off a cliff into what they mistakenly thought was a safe haven.  Isn’t that the name of the game, which is to get you to swing at the wrong pitch at the wrong time?     As we write, the Federal Reserve has announced the expansion of the future horizon of record low interest rates from mid 2013 until late 2014. This rally from October 4th, 2011 is continuing surprising many who have been waiting for a pullback to reenter. Continue reading on www.goldsilverwebsites.com

Click here to subscribe to my free 30 day trial of my premium service to read the full reports.

Another Chance to Sell Common Stocks and Buy Precious Metals

It has been a tough last year for precious metals investors but not so much for common stocks. Sure, the Euro crisis benefited Gold initially but as the panic has abated, stocks are rallying back to their highs while Gold has sold off and the gold stocks are trying to hold their lows. What is going on? Are we in the twilight zone?Bull and bear markets are long lasting, providing ample time for trends and counter trends to continually reappear and redevelop. The long-term activity of precious metals and common stocks is not a mystery. Gold has continued to hit all-time highs while the gold stocks eclipsed and maintain 2008 highs as support. Yes, common stocks are rallying but are nowhere close to seriously testing 2008 highs. Recently, we noted a potential major bottom in both the metals and the mining stocks. With common stocks nearing major resistance, it is no surprise that we are nearing a point where the secular bull trend is ripe for reemergence.


Continue reading on www.goldsilverwebsites.com

'Mania' in Junior Mining Stocks Predicted

Fayyaz Alimohamed, CEO of Altair Ventures Inc. and publisher of the Acamar Journal, offers historical perspective and predictions on the global economic crisis. In this exclusive Gold Report interview, he foresees a "mania" in junior mining stocks and recommends holding physical gold outside the banking system as a safety net. 


Continue reading on www.goldsilverwebsites.com

A Swiss Signal to Buy Gold

world's best strong-currency advocate. It has a long tradition of backing its paper money with gold.

In August, the bank made an extraordinary and uncharacteristic decision. Hildebrand decided to cap the value of the Swiss Franc by deliberately devaluing the currency against the Euro and announcing that the value of the Swiss Franc would never be allowed to rise above a certain point. This immediately eliminated the Swiss Franc as one of the world's few remaining "lifeboat" currencies. Its value plummeted against the Dollar. Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault. 

Gold is money?! Indians to pay for Iranian oil with gold

Markets enjoyed another “risk on” day yesterday, with stock markets and commodities all recording gains on the back of a weakening US dollar. The Dollar Index fell below 80, with the gold price also benefiting from increasing brinkmanship between Iran and western nations, with the European Union announcing the implementation of an embargo on Iranian crude oil.

Comex gold futures for February delivery gained 0.9% to settle at $1,678.30 per troy ounce. Silver for delivery in March gained 1.9% to settle at $32.27 per troy ounce – another solid day for the white metal, though it keeps banging up against selling resistance around $32.50. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy safely gold & silver online 

Dollar’s Influence on Gold

In our previous essays, we emphasized that the long- and short-term trends for gold are up. In today’s article, we will feature the current situation in the USD and Euro Indices and in the general stock market. After analyzing each of them, we will move to implications for the precious metals investors. 


Continue reading on www.goldsilverwebsites.com

Fear Index shows that gold is undervalued

The year 2011 ended on a very weak note for the price of gold, which tested support near the lowest levels since August as the precious metal slid below $1,550. This movement even drove the GoldMoney Fear Index below 3% as US M3 continued to rise, surpassing $14.4 Trillion. The downward path of gold since the September highs immediately prompted cries that the "bubble was bursting" from every corner of the financial press. They could not be more wrong. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy safely gold & silver online 

Today's gold chart

Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the market encountered bullion bank selling originating at $1680. The FOMC made that a mirage as a zero interest rate environment for the next two years means an environment in which it pays to own gold. The yellow metal pays no interest but at this point, neither do short term Treasuries and those offer no protection from currency induced price increases. Just look at what is occuring across the commodity sector today as hedge funds now push the price of food, energy and metals in a northerly direction. Forget about tame inflation - that just vanished.

The sheer size and scope of this fund buying has driven out everything in front of it except for the strongest of shorts.

Gold has light resistance starting at $1705 or so and extending towards $1720. Pushing through this cap will set it up to make a run at $1750.

Author: Trader Dan, specialist in commodities trading

Published on www.goldsilverwebsites.com

Gold, Gold Mining Stocks and the S&P 500

The Eurozone crisis benefited Gold Prices initially but as the panic has abated, stocks are rallying back to their highs while gold has sold off and Gold Mining stocks are trying to hold their lows. What is going on? asks Jordan Roy-Byrne at The Daily Gold. Are we in the twilight zone? Bull and bear markets are long lasting, providing ample time for trends and counter trends to continually reappear and redevelop. The long-term activity of precious metals and common stocks is not a mystery. Gold has continued to hit all-time highs while the gold stocks eclipsed and maintain 2008 highs as support. Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault. 

Gold Chart and comments

Gold has made it into a formidable resistance level near $1680 which has served to bring out some heavy selling, just as expected seeing that a breach of this defensive line by the bulls will set the market for a run to $1700 and higher. Gold bears can read the charts just as we can and understand what will bring in the momentum buyers if they fail to hold it here. Continue reading on www.goldsilverwebsites.com

Silver bulls' confidence growing

In response to the general positive trend at the global markets, the Indian futures markets has recorded significant gains in the silver price. At the Mumbai Multi Commodity Exchange, silver futures for March delivery climbed 1.28% (close to 700 rupees) to 56,260 rupees per kilo. Market observers expect that the Indian silver price will continue to rise as central banks move towards further stimulus measures. Continue reading on www.goldsilverwebsites.com


GoldMoney: Buy gold & silver online

Silver runs right into a Resistance Zone and then halts

Just as if on clue, Silver bulls came out of the gate bucking high and hard but were unable to throw the bears who have dug in at the exact spot on the chart which says they should.

Continue reading on www.goldsilverwebsites.com

Look for Gold Juniors with Theme-Changing Catalysts

Annie Zhang, an analyst with Toronto-based investment bank Octagon Capital, is expecting some good stories to come out of Argentina and Canada this year. In this exclusive interview with The Gold Report, she targets several exploration and near-term producing companies with burgeoning results on the horizon. Continue reading on www.goldsilverwebsites.com

Gold price touches 6 weeks high with technically positive outlook

Dollar prices to Buy Gold hit a 6-week high at $1677 per ounce Monday morning, as stocks, commodities and the Euro all pushed higher and US Treasury bond prices fell. "Near term technical have turned more bullish [for gold]," says the latest technical analysis from Scotia Mocatta, though it sees "psychological resistance looming at $1700." Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault. 

Silver Breaks Downtrend, Junior Miners Outperforming Majors

On January 3, 2012 I wrote to my readers that silver would begin outperforming gold similar to what we saw in 2010. On Friday we saw a major gain in silver of close to 5%, breaking the 50 day moving average for the first time since the Operation Twist decline in September. This was an attempt by the Federal Reserve to manipulate commodity prices lower while artificially inflating U.S. dollars and bonds. It appears that this temporary fix may be reversing to the benefit of undervalued junior miners of both precious and industrial metals. Continue reading on www.goldsilverwebsites.com

Click here to subscribe to my free 30 day trial of my premium service to read the full reports.

Gold-Stock Upleg Cycles

No bull market, no matter how powerful, fundamentally strong, or long-lived, rises in a nice linear fashion. They all flow and ebb, surging forward two steps in major uplegs before retreating back one step in major corrections. Visualize a sine wave oscillating within a rising trend. This seemingly-capricious behavior is actually very beneficial to bulls’ health and longevity, it keeps sentiment (greed and fear) balanced. Continue reading on www.goldsilverwebsites.com

Are copper and gold juniors in for a better run in 2012

Kwong-Mun Achong Low, an analyst with Northern Securities in Canada, thinks that copper and gold juniors are in for a better run this year. He's ferreted out the juniors with the most promising management and assets that are on a path to production—not to mention rising stock prices. In this exclusive interview with The Gold Report, Achong Low discusses why copper may have a slight edge on gold in 2012 and what companies are the crown jewels of his coverage list.

Continue reading on www.goldsilverwebsites.com

Platinum to gold ratio points to higher platinum prices

There are certain dogmas held sacrosanct by precious metals investors and one of them is that platinum is supposed to be more expensive than gold. That's just the way it is. Quite a few eyebrows lifted and jaws dropped last fall when the yellow metals price overtook that of platinum. The historic switch took place on Sept. 2nd when Comex gold futures settled at $1,875.25 per troy ounce, just above platinum's closing price of $1,873 per ounce. When you consider the price history of the two precious metals--platinum has traded at a $200 to $400 premium to gold--the reversal was astounding. Just to give you a better idea, before the 2008 Lehman Brothers crash, platinum was trading at more than $2,270 per ounce while gold was trading under $990 an ounce.

Continue reading on www.goldsilverwebsites.com

Is the copper price telling what to expect from gold's price

One of the great investment debates of 2012 revolves around the global economy. On one side, you have folks who believe governments in the US, Europe, and China will be able to "goose" their economies with easy credit and low interest rates. This would support stock, bond, and commodity prices.

Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault.

Gold Bullion Up in Dollars, Down in Euros for Week

US Dollar Gold Bullion prices fell to $1646 per ounce Friday lunchtime in London – a 1.4% drop from the week's high – as China prepared for the week-long Lunar New Year holiday next week.

Commodities also traded lower, while stock markets were broadly flat overall.

Prices for Silver Bullion dropped to $30.39 per ounce – though still 2.0% up on last week's close.

Continue reading on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault.

North Sudan to introduce new gold and commodity trading platforms

Ever since Christian South Sudan declared its independence in July 2011, the Islamic government of North Sudan has urgently been looking for new sources of income. With South Sudan's independence, Khartoum – seat of the northern government – has lost almost two thirds of its crude oil revenues. As a result, the North has been encouraging gold exploration and mining activities, in the hope of using this to compensate for the lost oil revenue. Therefore, the Khartoum stock exchange – currently a rather small market – is planning to significantly expand its activities by offering trading in gold and other commodities. Continue reading on www.goldsilverwebsites.com

GoldMoney: Buy gold & silver online

Why China has become key to the Gold Price

The growth of China’s role in the world gold market has been nothing short of phenomenal over the last dozen years, writes Julian Phillips at GoldForecaster.

Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose. Read more on www.goldsilverwebsites.com

Buying Gold? Make it safer, cheaper and easier with BullionVault.

Gold price benefiting from QE speculation

Signs of a decelerating global economy will likely prompt central banks to take drastic new measures in terms of fiscal expansion. This is especially true for China, where GDP growth continues to slow. Market participants also suspect that the US Federal Reserve may be edging closer to announcing more quantitative easing, in an effort to help the economic recovery in America. This speculation has led to gains in the gold price, which climbed as high as $1,667 per troy ounce in trading yesterday – although it lost some of these gains later in the day. Nevertheless, this marked a new five-week price high which could open the way for more gains. Read more on www.goldsilverwebsites.com

GoldMoney: Buy gold & silver online

Central banks huge gold buyers in 2011

Gold had a solid day yesterday, closing the Comex pit session above important resistance at $1,650 per ounce. Silver for March delivery also finished above $30 per ounce. At the currency markets the US dollar weakened slightly, with the Dollar Index losing 0.36% to close at 81.18. This helped solidify recent gains in crude oil prices, with WTI crude now back above $101 a barrel.

With negotiations still on-going between the Greek government and its private creditors and the situation in Hungary looking increasingly fraught, the World Bank has warned that developing nations should prepare for a slump in economic activity comparable to the 2008/09 downturn. Though the Bank’s chief economist Justin Lin stated that Europe’s sovereign debt crisis was “contained”, he stated that “the risk of a global freezing-up of the markets and as well as a global crisis similar to what happened in September 2008 are real.” The ratings agency Fitch has now stated that it expects a default from Greece in March. Read more on www.goldsilverwebsites.com

GoldMoney: Buy gold & silver online

Recovery In Mining Stocks? Breakouts Out Of Downtrends And Bases Beginning

The end of 2011 and the beginning of 2012 greeted investors with spooky market stories to scare investors. A prominent cartoon in the Wall St. Journal depicted a pretty lady shrieking, “The DOW Sank 17%”. Another balloon read “The US Loses Its AAA Rating”. She is screaming, “Who Will Fix Europe?”. Another caption reads, “$71 Billion Yanked From U.S. Stock Mutual Funds”. Another hysterical cry exclaims, “I Want Treasuries!”.

As if that cartoon wasn’t enough to scare readers, the headline read, “Spooked Investors Seek Safety: Volatile Quarter Leaves Market Victims Wondering What Is Next”. Another ghastly pronouncement we wrote in early October to the surprise of many was, “Beware Of Stock Market Rallies Ahead”. See the video below from early October predicting a major rally. Read more on www.goldsilverwebsites.com


Subscribe to the Gold Stock Trades newsletter for maximum profits

Derisking Gold Juniors, Step by Step

If you’re among the many who consider investing in the junior resource sector nothing more than a crapshoot, look into Ahead of the Herd Publisher Rick Mills’ steps to derisk the inherently risky business of investing in junior resource companies. In this exclusive interview with The Gold Report, Mills not only spells out the steps involved in the derisking process, but also cites specific examples of juniors he especially likes and discusses the features that put them ahead of the herd. Read more on www.goldsilverwebsites.com

Gold has Resistance at $1667/oz

Dollar prices to Buy Gold rallied to $1658 per ounce Wednesday morning in London – 0.8% up on Asian session lows – following reports that the International Monetary Fund is seeking to boost its lending capacity by $1 trillion.

European stock markets also recovered from an early dip, with industrial commodities also edging higher. Read more on www.goldsilverwebsites.com


Looking to Buy Gold or Silver ?

China slowdown continues; UK inflation eases

Today seems to be shaping up to be a “risk on” kind of day as far as the markets are concerned, following the release of Chinese GDP data for the fourth quarter 2011. The world’s second-largest economy grew by 8.9% in comparison with the same period a year earlier, which was down from 9.1% in the third quarter, though better than the 8.7% increase economists surveyed by Bloomberg had expected.

As reported by the BBC, growth for the full year was 9.2% – down from 10.3% in 2010. Thus the economic slowdown in China continues, though commodities and the stocks of commodity producers are rallying on speculation that this will prompt the People’s Bank of China into easing monetary policy. And despite S&P downgrading the eurozone’s €1 trillion bailout fund from Triple A to AA+ last night, European stock markets have also risen. Read more on www.goldsilverwebsites.com

GoldMoney.com: Buy gold or silver online

Gold and Silver outlook in 2012

Lately we’ve been writing about the precious metals stocks. In particular we believe the equities have made a multi year bottom and look ready for a solid 2012 and 2013. Part of the reason is the action in the metals (Gold & Silver) suggests an important bottom is in place and a rebound is underway. Based on our work, we anticipate a slow but gradual rebound in both metals.

The current bottom in Gold bears similarities to what we saw in 2006. First we show the bottom in 2006. Note the previous bull flag (blue), the double bottom pattern and the final low occurring at the 300-day moving average. Going forward, Gold rallied for five months and recovered over 75% of the losses. Read more on www.goldsilverwebsites.com

Spot Gold Rises with Dollar

Spot Gold rose to a high of $1647 per ounce Monday morning in London – 0.8% below last week’s peak – while stocks and commodities were broadly flat as markets absorbed Friday’s news of cuts to nine Eurozone sovereign credit ratings, while US markets were closed for Martin Luther King Jr. Day.

“Spot Gold [however] is expected to fall to $1417 per ounce over the next three months,” warns Reuters technical analyst Wang Tao in the newswires Q1 2012 commodities outlook published Monday.” Read more on www.goldsilverwebsites.com



Get the lowest possible prices to Buy Gold thanks to BullionVault‘s live online exchange

Indian dealers remain optimistic about gold sales

Towards the end of 2011 India’s gold and silver imports fell. Upon conclusion of the festival season – which started back in October with the Diwali festival of light, followed by the wedding season – local dealers reported that demand for precious metals had decreased more than expected, owing to weakness in the rupee.

Nevertheless, over the whole of 2011 Indian demand for gold jewellery increased by 5 to 7 % in comparison with 2010. Indian dealers remain optimistic for 2012, with locals expecting Indian gold jewellery sales to increase another 10 to 15% this year. This is good news for precious metals bulls, as India is the second largest gold and silver market (in terms of countries) in the world. Read more on www.goldsilverwebsites.com

GoldMoney.com: Buy gold or silver online