Posts Tagged ‘silver’
Gold and Oil News - January 28, 2013 22:27
Gold Re-Tests $1650 Again
The $1650 level is one that Jim Sinclair identified a decade ago as a technically important one on the future history of the Gold bull market that was in its infancy at the time. Now, since Sinclair is one who is not one to shy away from laying his cards on the table and spitting […]
Will the Price of Silver Soar or Slide in 2013?
Market analysts are predicting significant movement in the silver market. As gold prices continue to decline, will silver steal the financial trading limelight to become one of the best commodities to hold in 2013? Historical Prices In January 1980, the price of silver reached £17.18 per troy ounce – a rise of more than 2,000 […]
E.C.B. Holds Rates, Sends Gold, Commodities Higher
The E.C.B.’s latest policy meeting ended with the central bank not bowing to pressure from choking banks to lower interest rates and held the benchmark lending rate at 0.75% for the time being. This lifted the cloud that had been hanging over the Euro for the past few weeks while capital in the major U.S. […]
Gold and Silver Claw Out Gains Amidst Fiscal Cliff Fears
Gold popped early Thursday morning back above $1660 per ounce, a level it could not hold after yesterday attempting to take out the cap on the hourly chart at $1666.45 per ounce in the futures market — a failed breakout at that level Wednesday morning set up weakness all through Asian and European trading. While […]
Gold Holds onto $1700, Closes Flat Before FOMC
Tomorrow is the latest policy statement by the FOMC and as such always creates certain types of havoc in the markets. If Bernanke and the Fed announce the actual commencement of the QE program that they promised back in September, then this latest relentless attack on the price of Gold today can be seen as […]
Gold Ends November Down $4 for the Month
A continued assault in the Gold pits today ensured that Gold ended the month of November down $4 over the opening price. For the technical guys out there that’s a 2 month downtrend which will have the longer-focused momentum players expecting a down December. Given how tight the spread between the November open and closing […]
Silver Regains $34 While Gold Struggles
All idea of there being any correlation between the action in the precious metals pits and any other particular market at this point is simply a guess. There are obvious operations happening to manage the price of both metals for the purpose of saving the primary dealers and the COMEX while the physical markets for […]
Gold and Silver Hacked on Futures Expiration
I know that it must sound like a broken record but this literally happens so often anymore that it is beginning to defy description. After watching a two day blocking action in both gold and silver from the 15 minutes after the popped higher on Black Friday to yesterday’s skirmishes which sent the metals slightly […]
Gold Holds Onto Friday’s Gains
One always has to be suspicious of a big move on a low liquidity day, like during U.S. holidays. So, while nothing much happened on Thanksgiving itself, the next day, Black Friday, which might as well be a holiday celebrating the zenith of Western consumerism, is also lightly traded. So, when Gold and Silver both […]
Gold And Silver Thankful For Bull’s Perserverence
It was a red-letter day for Gold and Silver bulls as both metals, led primarily by Silver if one was watching the ticker closely, busted through their caps and put in powerful bull moves that pushed them far away from them and near their next important levels of overhead resistance. For Silver it was the […]
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