Silver Price Forecast: Silver Market Update of 24 February 2012

Silver is currently trading at key resistance levels. See below, a six-year silver chart (all charts generated at fxstreet.com - 


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The Long-Term Fundamental Case for Gold

“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”


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Strong weekly close in Gold

Gold was able to close the week out on a very strong note, although some traders did decide to cash in some profits ahead of the weekend, after getting a nice run of some $65 off of last week’s close as of Thursday’s peak price. Even in spite of the light round of profit taking, gold still managed to put in a very solid WEEKLY close surrendering only about $15 off its best level of the week and closing within striking range of $1800, the top of the heavy resistance zone noted on the price chart.


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Gold and silver prices benefiting from liquidity flood

For the first time in three years the slowdown in the eurozone is negatively affecting trade with important Asian exporters such as Japan, China, South Korea and Thailand. Owing to last year’s floods, in Q4 Thailand’s economy suffered a 10.7% slowdown in comparison with the previous quarter. Recent factory closures have also caused difficulties for the Thai economy.


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GoldMoney: Buy safely gold & silver online

Gold & Silver Headed for Weekly Gains Gold & Silver Headed for Weekly Gains Gold & Silver Headed for Weekly Gains

Dollar Gold Bullion prices hovered around $1780 per ounce Friday morning in London, after falling slightly from yesterday’s 3-month high. Silver Bullion meantime hit its highest level since September, rising to $35.74 per ounce just after London opened.
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Why China is buying Gold

FOR OVER three decades, since the start of the country’s “Reform Era” in 1978, China has been exporting more goods than it has imported, writes Porter Stansberry in the Daily Wealth.


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Learn why the Gold Price is Manipulated by Governments – Interview with GATA

In this video you will learn that the most Western governments have conflicting interests with Gold, which is a reason to manipulate Gold’s Price. Chris Powell  from the non-profit organisation GATA (Gold Anti-Trust Action Committee) puts this phenomenon into perspective and helps to see why this trend can soon change.


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Gold Market Weekly Wrap

Gold Price and Silver Bullion Market News and Analysis with Ben Traynor from BullionVault. In this weeks wrap: Gold Price Hits 3-Month High, Silver Price Breaks Out, Euro Oil Price Sets New Record.


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Interview With Rob McEwen from McEwen Mining – A Mid Tier Producer Of Silver and Gold

One of our long term recommendations U.S. Gold merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near term production in Nevada and Mexico with Gold Bar and El Gallo and a world class exploration land package surrounding Goldcorp in Argentina and along the Cortez Trend in Nevada.


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Central Bank Buying Has Gold Shorts Trapped

Today Ben Davies told King World News that a new buyer has come into the gold market. This buyer is very large and it has trapped some of the shorts in the gold market. Davies, who is CEO of Hinde Capital, also spoke with KWN about short-term price targets. Here is what Davies had to say: “Fantastic action indeed and I think it’s caught a lot of the participants in the market offside. When a market moves, as gold did, from structurally oversold and moves back quite quickly in the medium-term, particularly when a market is perceived to be in a bear phase, people are very keen to take to the short side of the market.”


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“It’s not if, but when”

Recommended Conference on 01/03/2012 in Belgium: The tragedy of the euro; how to survive the collapse of the monetary system. Subscribe now or more info.


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We are now in the Greatest Wealth Transfer in History

Discover why we are currently in a huge wealth transfer, maybe the greatest one in history. Mike Maloney in this video explains why “wealth is never destroyed, it is only transferred.” This is a fundamental insight you need to retain and ask yourself in which camp you are currently with your (personal) assets : growing & preserving wealth vs losing wealth ? As a note, please mind that currently approximately 1.000 are in the losing vs 1 in the winning camp.

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Rare Earth Investment Update

We’ve received a number of inquiries from Casey Research subscribers about our opinion on the current rare earth metals market. We have covered this topic previously, but this article, we’ll take a fresh look.


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If Gold Could Talk

Have you ever had any doubts about gold? Does it sometimes feel like it should be performing better? Are you concerned about its volatility? Do you worry about how it might perform in the future? Have you ever wondered about its true purchasing power? Maybe you’re nervous about a big drop in price again? I decided to go directly to the source to address these concerns: Gold himself. He put his arm around me and asked me to tell you a few things…

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Politicians don’t understand economics (or Gold & Silver)

Mike Maloney explains in this video that politicians are not the best in understanding economics, so they are not best in understanding Gold & Silver neither. Politicians have other concerns : it’s being elected in the first place.


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Gold Price Will Easily Hit $2000 on Central-Bank Liquidity

The Gold Price slipped $10 per ounce to $1730 in London trade Thursday morning, before regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government bonds to £325 billion ($515bn).


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A New Reason Gold Stocks Will Soar

There are a number of reasons why many of us believe gold stocks will shoot for the moon before this bull market is over – they’ve done so many times in the past… the gold price still has a long way to climb… and producers are generating record revenue and profits. But I think there’s another reason why gold stocks will soar – one that hasn’t dawned on many in the industry yet.


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Gold Prices “Being Driven by Investment”

Fundamentals are important in the long run, says Paul Walker, global head of precious metals at consultancy Thomson Reuters GFMS. Over the short run, however, silver and Gold Prices are being driven by investment and low or negative real interest rates, as he explains in this interview with MineWeb’s Geoff Candy.


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Gold Price – Choppy trading pattern continues

Gold currently seems unable to better the level near $1750 which is proving to be rather stubborn. There appears to be a bit of a headwind arising from lingering fears about Greece and a potential slowdown impact on the global economy as debt issues remain in the back of traders’ minds. That was trumped the other day by Chairman Bernanke’s promise of another 18 months or more of free money but in today’s session, apparently the effect has been somewhat muted. I am noticing that equities are lower today and the Dollar has managed a bit of a bounce with bonds moving up slightly off of their worst levels of the session and are now unchanged. One can spot the “risk aversion” trades in the session.


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Bernanke speaks, gold rises

When perma-bear economist Nouriel Roubini turns bullish on the stock market, it’s wise to sit up and take notice. In the words of Gina Sanchez – director of equity and allocation strategy at Roubini’s firm – “We’re a believer; we’re celebrating. We think the rally has legs”.


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GoldMoney: Buy safely gold & silver online

Gold Prices Driven Higher by Europe and China

Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon’s Money Monitornewsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The Gold Report, they answer the question: How low and high can gold go?

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Dubai explores new ways of selling gold

Gold merchants in Dubai are seeking new ways to offer their gold products to tourists and buyers from India. More and more gold kiosks are being opened which – in contrast to large showrooms – can satisfy many potential customers in a short period of time. Because it takes fewer employees to run such a kiosk, this distribution model also helps sellers to reduce their costs. The typical range of products contains gold ornaments, gold jewellery and gold coins – all of which are very popular among walk-in customers.


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GoldMoney: Buy safely gold & silver online

Will China Continue to Buy Gold?

“Nobody rings a bell at the top or bottom of a market,” the old saying goes. Yet anyone reading about the veritable stampede to Buy Gold during last month’s Chinese New Year celebrations might have heard a faint ringing in their ears, writes Ben Traynor at BullionVault.


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Gold Bullion steady today as Dollar falls

Gold Bullion prices held steady just below $1750 per ounce Wednesday morning – 2.2% up on yesterday’s low – after rallying the previous day following comments from US Federal Reserve chairman Ben Bernanke.
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Gold’s Rise Will Shock Market Participants This Year

With gold trading roughly $30 higher and silver breaking solidly above the $34 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management, to get his take on where he sees gold and silver headed from here. Embry told KWN this will be, by far, the strongest year for gold during this entire bull market. Here is what Embry had to say about the situation: “The fact that sentiment is so poor with gold at these levels just indicates that people don’t realize what’s really unfolding. I think the price action to begin the year has been exemplary. It was interesting as gold was getting a head of steam going last week, out comes that bogus jobs report that led to the one day reversal in gold and silver.”


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Notes on today’s Silver Chart

Silver is responding to the “Free Money” environment being maintained by the Fed to keep the US economy limping along as it shot higher when the Dollar dropped lower and fell below the 79 level on the USDX chart.

It is once again knocking on the door of a heretofore very stubborn level of chart resistance that begins at today’s high and extends into the region just north of $35. If silver is going to mount a breakout move and start a trend higher, the bulls must beat back the selling that is going to come in at this level. If they do, they have a very good shot at a rather quick move to $40.

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Video – David Morgan interviewed sharing insights & tips about gold & silver

David Morgan was interviewed by Kitco. He shares some insights in how you need to look at gold & silver, what it means for you, what it could mean to society by setting it as a monetary standard.


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Crunch time in Greek debt talks

Markets are caught between joy and disconsolation at the moment. On the one hand, they know that central banks are committing to ever-greater money creation efforts in order to keep the present economic show on the road – and Mr Market loves nothing more than free money. But as long as the shadow of a disorderly Greek default persists – along with the possibility that more peripheral eurozone nations will also be forced into a similar position – bulls can’t rest easy just yet.
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GoldMoney: Buy safely gold & silver online

Indian gold demand declining

Following improvements in US unemployment data, both gold and silver prices faced sales pressure. Should the US labour market continue to show signs of recovery, this may reduce the likelihood of the Federal Reserve engaging in more quantitative easing.


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GoldMoney: Buy safely gold & silver online

Mining Stocks and the Gold Price

So when might a rising Gold Price actually lead to rising stock prices for companies with quality projects and solid treasuries? In this interview with The Gold Report, Outstanding Investments editor Byron King shares his roadmap.

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Gold Price to Hit $5,000 in 24 Months & Silver $166

Today Egon von Greyerz told King World News that central planners may very well fail at their attempts to save some troubled banks. Von Greyerz also surprised KWN by predicting gold will climb to $5,000 and that silver will hit $166 in the next 24 months. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about central bank activity and how it will impact gold and silver prices: “If you look at every central bank in the world they are in an absolute mess and they need to print unlimited amounts of money. So we will have a lot of zeros after the price of gold in many currencies. But even in today’s money I see gold going up many times from here.”


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Finding Fundamentals Key to Gold Investing

The market isn’t rewarding fundamentals just yet for precious metal miners, according to Byron King, editor of Daily Resource Hunter, Outstanding Investmentsand Energy & Scarcity Investor published by Agora Financial of Baltimore. But in this exclusive interview with The Gold Report, King maps out when rising gold prices will actually lead to rising stock prices for companies with quality projects and solid treasuries.


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How to Find the Best Junior Gold Stocks

Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively about the recent major bottom in the precious metals sector and the very positive outlook for the equities in 2012 and likely 2013. One can make money if they buy and hold a mutual fund or ETF but they can generate far superior performance with a basket of the right companies. The following explains what we look for in order to uncover the juniors that will deliver outstanding returns.


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Is gold in a bubble?

Every once in a while a bubble forms in a market. Bubbles can occur in any market, whether stocks, commodities, real estate or as we know from history, even tulip bulbs.

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GoldMoney: Buy safely gold & silver online

Gold Prices decline further as “crunch time” arrives for Greece but Gold now more of a Safe Haven than in Nov and Dec

Gold Prices continued to fall Monday morning in London, hitting $1713 per ounce by lunchtime – 2.8% down on last week’s high – as stocks and commodities also ticked lower, while US Treasury bonds gained. Silver Prices dropped to $33.09 per ounce – 3.9% down on the high from last week – as uncertainty grew over the long-running Greek debt issue.

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

Indian Investors Keen to Buy Gold and Silver

Following growing interest from small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each, writes MineWeb‘s Shivom Seth in Mumbai.


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Gold Juniors Poised to Rebound

Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off.


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Crunch time in Greek debt talks

Markets are caught between joy and disconsolation at the moment. On the one hand, they know that central banks are committing to ever-greater money creation efforts in order to keep the present economic show on the road – and Mr Market loves nothing more than free money. But as long as the shadow of a disorderly Greek default persists – along with the possibility that more peripheral eurozone nations will also be forced into a similar position – bulls can’t rest easy just yet.

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GoldMoney: Buy safely gold & silver online

Why Energy Will Outperform Base Metals

Let's examine some evidence that energy resources are replacing metals as the world’s most valuable commodities, writes Dan Denning for the Daily Reckoning Australia.

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

Indian gold demand declining

Following improvements in US unemployment data, both gold and silver prices faced sales pressure. Should the US labour market continue to show signs of recovery, this may reduce the likelihood of the Federal Reserve engaging in more quantitative easing.


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GoldMoney: Buy safely gold & silver online

Mining Stocks and the Gold Price

SO WHEN might a rising Gold Price actually lead to rising stock prices for companies with quality projects and solid treasuries?

In this interview with The Gold Report, Outstanding Investments editor Byron King shares his roadmap.

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

Local Top in Mining Stocks Might Be Just Around the Corner

This December gold prices swooned by more than 10 per cent in their biggest monthly fall since the collapse of Lehman Brothers. For some insecure gold investors it was like a bad dream. They were happy to wake up to a bright, crisp January whose performance was more than enough to warm the heart of any gold investor. It was the metal’s strongest starting month in 32 years giving a resounding answer to those who wondered if the 11-year rally in gold had ended (and they always seem to come out of the woodwork every time gold experiences a correction.)


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David Morgan video: The great silver market myth

The silver expert who deserves a lot of respect for his insights & knowledge David Morgan, published this highly recommended video. In the video, Mr Morgan reveals a myth about silver : the global reserves and production of silver are much much smaller than most people think. So consequently, what would happen if everyone in the United States (as an example) would purchase just a little bit of physical silver ? That’s right, the price would skyrocket as demand would far outpace supply. So let’s do the exercise if 1/3d of the world population would buy a little bit of silver … yes indeed, it’s time that everyone on a global scale buys a bit of silver!


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Special interview with David Morgan & Chris Duane: $500 Silver & hyperinflation in the US

A very insightful interview with two specialists in silver: Chris Duane & David Morgan. You’ll hear why it’s quite realistic that silver will reach 500 dollar in the (near) future and how you have to look at silver in order to protect yourself.


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Corrective Action in Gold is Prelude to Bullish Explosion

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain. Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside. Here is what Turk had to say about money on the sidelines and where gold and silver are headed: “Sooner or later that money is going to realize the train is pulling away from the station. Whether this money comes in next week or the week after, I do very much like this trading action. I’m very bullish here short-term on gold and silver, it looks very, very good.”


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Gold Silver ratio screams buy silver

Dominique de Kevelioc de Bailleul: If ever a chart signaled a time to buy, it’s the silver chart. Breakouts are everywhere, with the big one at $37 still ahead of us. Then there’s nothing between that price and $50.


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Junior Gold Producers 2

It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels.  In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high.  The latest exploration-and-development cycle is finally starting to bear fruit!


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Bernanke determined to protect US economy

Bullish US retail sales figures for January and “hours worked” stats for the last quarter encouraged further gains in stocks commodities yesterday. The $82bn Glencore/Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment, with many no doubt hoping that this is indicates it’s “business as usual” at the financial markets. Precious metals continue to benefit from the move away from the perceived “safety” of the US dollar, with the gold price breaking above resistance at $1,750 and silver temporarily moving above $34.


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GoldMoney: Buy safely gold & silver online

Gold Bulls unable to break through resistance

Today’s payrolls number, something which I might add is more akin to an Alice in Wonderland creation, was the factor responsible for the selling in both gold and in silver. The thinking was that if the economy is gathering steam at such a fast clip as the numbers suggest, then any notion of additional QE3 is a pipe dream. That means no Dollar debasement and little to fear on the inflation front so out came the sellers in the gold market. It also did not help the bullish cause that the market failed at a critical technical resistance level.


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Bernanke Lends Support to Gold Prices but strong US jobs data sees Gold slip from 11 Wk High

Dollar Gold Prices fell back below $1750 per ounce while stock markets jumped higher immediately following the release of better-than-expected US jobs data on Friday.


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Global Gold Production Stuck in Sluggish Mode

RECENTLY PUBLISHED data from the US Geological Survey show that global Gold Bullion production, after falling every year between 2001 and 2008, finally rose for the past three years, writes Gregor Macdonald.


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Euro Gold comments

Once again, as has been the recent pattern in the gold market, gold priced in terms of the Euro, or “EuroGold”, is putting in a very strong showing in today’s trading session. If you note on the weekly chart, it has moved to within about 32 euros of its former all time high in price. Many traders/investors may be dismissing European Sovereign debt issues, but the gold market certainly has one eye on it.I want to see how this market acts now that we are moving into these regions as this will be a decent barometer of sentiment towards the woes surrounding Europe. Any further escalation of issues associated with those problems will carry this market to the all time high. The flip side becomes if traders feel that the worst is over and is behind them.


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Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around.

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Gold Price volatile, Indian & Chinese Gold demand rises

The Gold Price slipped 0.5% from a new 8-week high Thursday lunchtime in London, while global stock markets stalled after a 3-day rise and commodities also pulled back. 

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The Gold Price Recovery

We know gold is in a historic bull market because: A) Western governments have taken on huge debts and unfunded liabilities that cannot be paid back with sound, honest money ("real money," gold, rises as a result). And B) the relatively poor countries of Asia are growing richer. They have a centuries-old cultural affinity for gold and silver. And they are buying huge amounts of gold. Continue reading on www.goldsilverwebsites.com

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

Mining Stocks Yet to Go Up Decisively

According to Goldman Sachs, gold provided the best returns of all commodities in the past five years when adjusted for volatility and says the rally will continue as options traders signal no change in the metal’s relatively low risk. The Bloomberg Riskless Return Ranking shows the Standard & Poor’s GSCI Gold Total Return Index produced a 6.5 percent risk- adjusted return in the five years that ended last week, the highest among 24 commodities tracked by S&P, data compiled by Bloomberg show. Silver, the next-best performer, yielded a risk-adjusted gain of 3.1 percent, while a total-return index for all raw materials slipped 0.2 percent.

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Great Deals on Gold and Silver

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. “Gold is way too cheap,” he tells The Gold Report in this exclusive interview.


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Gold Chart

Gold bulls breached resistance at $1750 but have been unable to keep the market ABOVE that price. That will be necessary for them to set up a run towards $1775- $1780 where a major upside resistance level is located.


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‘January Barometer’ gives green light to stocks

Though precious metal struggled yesterday to overcome important resistance levels on the price charts, overall January was a good month for gold, silver and the companies that dig these metals out of the ground. The HUI Index of leading gold and silver mining companies gained 3.6% over the course of the month – an encouraging, albeit modest, change of fortune when compared with the poor year that these stocks had over the course of 2011. Continue reading on www.goldsilverwebsites.com


GoldMoney: Buy safely gold & silver online 

Rumours about Iranian oil-for-gold programme persist

Despite official denials by the Indian government, rumours are spreading that India and China are planning to use gold to pay for future purchases of Iranian crude oil. According to unconfirmed speculation, the Indian government is planning a swap agreement with Iran which will assure future deliveries of Iranian crude oil to be paid in gold and Indian rupees. At the end of 2011 the US imposed an embargo on Iran, which was endorsed by the European Union last week. India and China are two major Iranian crude oil importers. Both states purchase roughly 30% of yearly Iranian production, amounting to a total of US$30 billion. Should these persistent rumours be true, gold could experience a renaissance as a global currency. It would also undermine the sanctions imposed by the US and the European Union. Continue reading on www.goldsilverwebsites.com


GoldMoney: Buy safely gold & silver online 

Investors buying Gold, stocks and euro as report confirms soft landing for China

Dollar prices for Buying Gold rose to $1750 per ounce Wednesday morning in London – their highest level since early December – while commodities gained and stock markets surged following a raft of better-than-expected manufacturing data. Prices for Buying Silver rallied to $34.01 – though they remained below yesterday’s high. US Treasury bond prices fell meantime, while the Euro rallied 1.3% against the Dollar. “Buyers have returned to the Euro, which is helping the situation in gold,” says Ole Hansen, senior manager at Saxo Bank. Continue reading on www.goldsilverwebsites.com

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

How Savings Accounts Became Rubbish

BEFORE the late 18th and early 19th century, there was no facility for most people to save. Banks did not accept small deposits and had no interest in anyone but the rich. Although building societies existed then, their purpose – as the name suggests – was to finance the building of houses, writes Jason Riddle ofSave Our Savers.


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