Gold & Precious Metals

Silver Roller Coaster – Gold Target – Key Junior Stocks

Posted by Morris Hubbartt - Super Force Signals

on Friday, 1 May 2015 15:04

Here are today’s videos and charts:

Silver Roller Coaster Video Analysis

Gold Target Acquired Video Analysis

GDX Rectangle Action Video Analysis

GDXJ Requires Serious Volume Video Analysis

Key Junior Stocks Video Analysis

There’s a lot of action taking place across the entire junior gold and silver stock sector. I feel I should include a second video for some of these key stocks. Here it is:

Two Charts Argue Gold is Poised to Move

Posted by EquityClock & TheNextBigTrade

on Thursday, 30 April 2015 12:23

First, Gold is poised for a significant seasonality change as can be seen in this chart below:

Chart by Jon Vialoux of EquityClock

“Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. Tendencies can range from weather events (temperature in winter vs. summer, probability of inclement conditions, etc.) to calendar events (quarterly reporting expectations, announcements, etc.). The key is that the tendency is recurring and provides a sustainable probability of performing in a manner consistent to previous results.” – Jon Vialoux

…….more on Seasonality by Jon Vialoux of EquityClock HERE

At the same time, the sentiment situation in Gold has become favorable as this article from The Next Big Trade argues:

Preparing for the Big Trade in Gold

The irony about the current gold market is that gold is actually slightly higher than it was two years ago in June 2013 when it made a crash low. But many gold market pundits and the financial media have maintained their bearishness on gold for two years predicting another crash in gold. It simply hasn’t come to pass. The reason they’ve maintained this popular bearish view is the gold market has been devoid of hope for years now in the depression phase. This is where people give up hope at the bottom of a market.

What’s interesting though as the chart above points out is that the “point of maximum financial opportunity” is also the point at which people have given up on an investment.

…..read more & view 4 more charts HERE

The traditional mumbo jumbo is dollar up, gold down. However, we may be entering a completely new phase. Gold and the dollar may no longer be archenemies. They are actually now moving to the same side of the fence, for the common enemy is the rapidly approaching electronic money, with so many analysts at banks now calling to abolishing paper money. What is interesting is that paper money places a check and balance against central banks from moving deep into negative interest rates. At some point, more and more people will just withdraw their cash and hoard it, which has already begun.

Right now, gold enthusiasts are closely watching the statement expected for this week from the Federal Reserve policy makers on Wednesday. They are clinging to anything, looking for any clues that the Fed is becoming less likely to raise interest rates. They fear that raising interest rates will support the dollar, but there is really a lot more going on behind the curtain.

Gold is consolidating below its long-term moving averages in a stage one base in what I believe will lead to a huge breakout into a new bull market.

Now many people think gold is going to fall to 800 or 900 or 1000 an ounce. In stage one bases after a bear market no one believes anymore and almost everyone is simply asleep and no longer paying attention.

But we will not make that mistake.

In the above video I explain why the commitment of traders reports are showing us that no big gold crash is coming.

Without a crash to new lows in gold there is no reason to get so fearful about gold anymore.

That means you have to be looking and ready for the next breakout.

The key resistance points to watch for gold now are its 200-day moving average currently at $1,227 and the $1,300 level.

Once gold goes through its 200-day moving average I believe it will be clear to us that a new bull market is beginning, but it won’t be until $1,300 is broken that such a reality will be accepted by most people.

When it comes to mining stocks the key level is now the 200-day moving average for the HUI currently at 192.85.

It could all happen at any moment, but my best guess is that it will still take a few more weeks for this to occur.

We are in a transition year for many financial markets. Gold and precious metals are not the only commodities poised to begin new bull markets, but they are among the most important and we will keep our eyes on these key levels.

SWOT Analysis: What’s Buoying the Demand for Bullion?

Posted by Frank Holmes - US Global Investors

on Monday, 27 April 2015 13:42

Strengths

Gold jewelers are betting the Indian Akshaya Tritiya festival will buoy demand for bullion. Jewelers expect the festival could drive up sales by as much as 30 percent over last year’s level. Already, gold imports are estimated to have hit 125 tons in March, compared with just 55 tons in February and twice the amount imported a year earlier, suggesting jewelers have stocked up well. The holy day of Akshaya Tritiya, which fell on April 21, is considered by Hindus as an auspicious day to purchase gold. It is the nation’s second biggest bullion-buying festival.
After a two-month hiatus, Russia’s appetite for buying gold is back. The nation increased foreign reserves of bullion to 39.8 million ounces as of April 1, compared with 38.8 million ounces a month earlier. The 30 ton purchase was the most since September. Russia is the fifth-biggest holder of gold and thus the move sends a bullish signal to the market.
Comstock Mining announced that for the first quarter of 2015 its weighted average gold grades improved by 63 percent from a year earlier while silver grades improved by 113 percent. Strip ratio improved to 1:1 from 4.8:1 the previous year. Lastly, the company expanded its existing heap leach pad in a consistent move with its recently expanded water control permit. In other news, Balmoral Resources confirmed it intercepted 19.55 gram per tonne gold over 44.45 meters at its Martiniere property in Quebec.

Weaknesses

Gold traders are bearish on expectations that improving U.S. economic data will back the case for higher interest rates.
It has been almost two weeks since gold prices sustained a move in either direction for more than a day, the longest period since September. This paralysis has been a consequence over the lack of consensus about the timing of a Fed rate hike. The Federal Reserve begins their next two day policy meeting on April 28.
While PIMCO has come out declaring that the commodities correction is over, the firm also said it does not expect a sharp recovery.

Opportunities

UBS believes it is seeing increasing signs of deteriorating cash flows, deteriorating appetite for low quality credit and deteriorating credit conditions in the U.S. Recent data from the National Association of Credit Management hinted at a significant reduction in credit extended in March and a sharp rise in credit applications rejected. Corporate receivables are also on the rise. All of these data points are classic late cycle signals.

RBC Capital Markets forecast appetite for gold by central banks will hit 275 tons this year. That level would equate to the second-largest increase in 50 years. Overall, central banks have been net buyers of gold for 14 straight quarters to present and the RBC analysts said the demand helped mitigate bullion’s losses in 2014.

According to BCA, China is aiming to make the RMB a fully convertible currency by the end of 2015. Consequently, capital account reform will accelerate markedly in the coming months. Another consideration in this regard is the twice-a-decade review of the IMF on Special Drawing Rights (SDR) scheduled later this year. The Chinese government has been pushing to include the RMB in the SDR basket, but failed in its 2010 attempt as the RMB was not regarded as “freely useable.” Achieving full convertibility under capital account transactions is regarded as a critical prerequisite. Purchasing gold to back the RMB is one of the strategies China is employing to make its money a reserve currency for international trade.

Threats

Barrick Gold is facing an investor revolt ahead of its annual meeting for the second time in three years, as two of Canada’s largest pension funds said they will not support the board of directors. The funds cite low confidence in the ability of the directors to effectively exercise their duties to shareholders’ level of satisfaction. The main sticking point is the outsized executive compensation.
Laurence Fink, chairman of BlackRock, has said gold’s traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London. He said gold has lost its luster given there are other mechanisms in which you can store wealth that are inflation-adjusted.
Venezuela’s central bank signed a $1 billion gold swap with Citibank. Although details are unknown, experts calculate that the bank will charge an interest rate of between 6 and 7 percent. It’s obvious Venezuela needs dollars it’s another story regarding what Citibank has planned for the gold.

http://www.usfunds.com/

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