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PRECIOUS METALS (US $)
Gold 1379.70-4.80
Silver 21.77-0.10
Platinum 1428.00-5.20
Palladium 706.10-5.90
WORLD MARKETS
DOWJONES 15180101
NASDAQ 345229
NIKKEI 13007-26
ASX 4795-10
CAC 40 386459
DAX 821688
HUI 2621
XAU 1030
CURRENCIES (€)
AUS $ 1.4017
CAN $ 1.3580
US $ 1.3333
GBP (£) 0.8507
Sw Fr 1.2327
YEN 126.4510
CURRENCIES ($)
AUS $ 1.0517
CAN $ 1.0184
Euro 0.7500
GBP (£) 0.6380
Sw Fr 0.9246
YEN 94.8300
RATIOS & INDEXES
Gold / Silver63.38
Gold / Oil14.10
Dowjones / Gold11.00
COMMODITIES
Copper 3.200.00
WTI Oil 97.850.08
Nat. Gas 3.890.01
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In the last 24 hours
Chris Ciovacco - Ciovacco Capital Management
Navigating A Fed-Dependent Market
Experienced traders and investors respect and understand the concept of "Don't fight the Fed". The basic rationale behind the expression is that when the Fed is printing money, the odds are tilted in the bulls' favor. Conversely, when the Fed is tightening policy, bearish odds begin to pick up. What Fight Are We Trying To Avoid? One of the most frustrating aspects of investing during Ben Bernanke's watch is the constant stream of conflicting messages being delivered by members of th
Tuesday, June 18, 2013
Florian Grummes - The Silver GoldSpot
Gold and Silver
Update 17th of June 2013 Arguments for lower prices: Still valid MACD sell signal for Gold on the monthly chart. Gold still in well defined downtrend. If Gold moves below US$1,340.00 we should see a test of US1,320.00 followed by a break of the multi-year uptrend. Already hourly close below US$1,359.00 would be critical. Investors still moving out of Gold ETFs. The SPDR Gold Shares Fund (GLD) is now holding only 1,003.53 tons of Gold .350 tons of Gold have b
Monday, June 17, 2013
More than 24 hours ago
Warren Bevan - Precious Metals Stock Review
Breakdown Shakedown
As for the precious metals, gold and silver are still under pressure and wanting lower. They are trading in quite wide ranges these days. Up $20, down $20. It's a great market if you can trade it. I'm avoiding it now until I see a sign of a bottom which is not yet
Monday, June 17, 2013
JW Jones - Options Trading Signal
While the Fed Parties, Gold and Oil Have Left the Building
Risk assets and financial markets around the world have been supported by central bank action for several years. Performing financial alchemy on a scale larger than has been seen in the history of mankind, central banks have hijacked global financial markets. Mountains of liquidity, artificially low interest rates, and the creation of future asset bubbles has been their calling card for the past few years. Unfortunately, time is starting to run out and these great Keynesian minds are
Saturday, June 15, 2013
Przemyslaw Radomski CFA - SunshineProfits
Have Gold and Silver Stopped Responding to Dollar’s Price Action?
Gold cannot be printed or manufactured in contrast to the currency. That’s why over the long term it has kept its value as the ultimate currency. There can be no “gold war.” However, we often hear about a currency war. Sounds familiar, were did we hear this before? The phrase “currency war” was coined by Brazilian Finance Minister Guido Mantega after the financial crisis of 2008. The idea is that highly indebted nations weaken the value of their currency by cutting interest rates down to zero a
Friday, June 14, 2013
Przemyslaw Radomski CFA - SunshineProfits
Gold Price in June 2013
The U.S. Mint has resumed selling its 2013 American Eagle One-Tenth Ounce Gold Proof Coin at a hefty $195 per coin as of last week. The Mint has set a 20,000-coin production limit for the coin. Sales of its smallest gold coin was suspended by the Mint in late April as year-to-date demand had increased by more than 118% until inventories could be replenished. Here are some interesting statistics. So far at close to the half-way point of the year, the U.S. mint has sold more one-tenth ounce gold
Tuesday, June 11, 2013
Przemyslaw Radomski CFA - SunshineProfits
What Does the Lack of Gold’s Reaction to the USD’s Plunge Tell Us?
The U.S. Mint has resumed selling its 2013 American Eagle One-Tenth Ounce Gold Proof Coin at a hefty $195 per coin as of last week. The Mint has set a 20,000-coin production limit for the coin. Sales of its smallest gold coin was suspended by the Mint in late April as year-to-date demand had increased by more than 118% until inventories could be replenished. Here are some interesting statistics. So far at close to the half-way point of the year, the U.S. mint has sold more one-tenth ounce gold
Monday, June 10, 2013
Warren Bevan - Precious Metals Stock Review
Some More Downside Needed
I took a lot of criticism after last weekend's letter, especially on Monday with gold and silver rising.I was called arrogant and smug and worse and told to throw out the charts.While gold and silver were up nicely on the day they remained in their bearish patterns and chopped around most of the week with large moves before finally breaking those bearish patterns on Friday.Now we are ready for more downside.When the perma-bulls come out calling me names, I know they are starting to get desperate
Sunday, June 09, 2013
Clif Droke
A summer ?crash? scenario
Despite the recent weakness, the broad market has displayed a fair amount of resilience in the face of rising interest rates and falling commodity prices.  The charts even leave us with some hope that there will be one more rally to new highs in the coming weeks.  But a growing list of problems also suggests the market could be setting up for a repeat of the 1998 mini-crash later this summer.There are several parallels between now and the spring and summer of 1998 which led to the July-October d
Thursday, June 06, 2013
Chris Vermeulen - GoldandOilGuy
Gold, Silver and Precious Metal Miners Signals
It has been a very long couple of years for the precious metal bugs. The price of gold, silver and their related mining stocks have bucked the broad market up trend and instead have been sinking to the bottom in terms of performance. Earlier this week I posted a detailed report on the broad stock market and how it looks as though it's uptrend will be coming to an end sooner than later. The good news is that precious metals have the exact flip side of that outlook. They appear to b
Thursday, June 06, 2013
Clif Droke
The silent killer of every bull and bear market
Stocks have reached record levels thanks in large part to a coordinated central bank stimulus.  The current financial market-led recovery is unlike previous recoveries in that the economy, unlike the stock market, has been painfully slow to respond to the stimulus.  Gold also hasn't benefited this time around, which is partly attributable to the fact that it's still deflating some of the excess from its speculative bubble of previous years. Gold also has failed to capture investor interest this
Tuesday, June 04, 2013
Przemyslaw Radomski CFA - SunshineProfits
Recent Moves in Gold and Silver - Temporary Strength or the End of Correction?
The only thing that’s free right now is the air that we breathe. Other than that it costs to manufacture every object and commodity in the world. It takes a certain amount of money to extract a barrel of crude in Saudi Arabia, to make a car in Detroit, or produce an iPad in China.There is also a certain cost to producing an ounce of gold. It doesn’t grow on trees. Tiny nuggets don’t rain down from the sky. It costs to explore. It costs to extract. It costs to finance loans and it costs to pay ro
Monday, June 03, 2013
Chris Ciovacco - Ciovacco Capital Management
Economic and Fed Confusion Reign In Markets
The market currently has a mixed profile; the bears have control of the daily trend, but the bulls have not given up the weekly trend. The well-documented fears of Fed tapering are undoubtedly a significant factor in the market's mixed picture. Economic reports, including those released early Monday, have added to the confusion among traders and investors. From Bloomberg: The Institute for Supply Management's factory index decreased to 49 in May from the prior month's 50.7, the
Monday, June 03, 2013
Warren Bevan - Precious Metals Stock Review
Get Ready For More Downside
It was a quiet week for the most part as markets and many stocks setup new patterns to trade off of but in doing so have given us decent intraday moves which can be capitalized on.I like to take one or two trades per day and am very selective in those trades.Day-trading is far from pushing buttons all day in my world.It's more like sitting around and waiting for just the right setup.Usually after a support or resistance area is hit and the stock or ETF in question begins to roll the other way.Yo
Sunday, June 02, 2013
Scott Wright - Zealllc
Copper-SPX Disconnect
Anybody halfway attuned to the markets knows that copper has been a 21st-century rock star.No longer just a boring industrial metal, copper is a flamboyant asset that has made fortunes for investors and speculators.It's soared a staggering 662% from its 2001 low to 2011 high.And still today in the $3.25 region copper is nearly four-fold its 20-year pre-bull-market average.Copper's journey has of course played out under an umbrella of structurally strong fundamentals, but by no means has it been
Friday, May 31, 2013
Peter Degraaf
  The Long Wait (nearly 21 months), is Almost Over.
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.".Alexis de Tocqueville.***************The price of gold reached an all-time high of $1925 on September 6th 2011.Since then the price dropped to a low point of $1321 on April 16th 2013. A correction of 45% during a bull market is not unusual; as painful as it is for gold bulls.In the process gold has reached a support line that has
Friday, May 31, 2013
Dan Dontrose - The Fundamental View
Is The Long Overdue Stock Market Correction Finally Starting?
Coming into today’s trade, bonds rose overnight in a volatile overnight session. Bonds have actually been rising since last week’s FED minutes and are now at their highest level in a year. Benchmark Treasury yields hit 2.235 percent. There are some other clues though indicating that the market is about to roll over. First let’s take a look at some sectors that usually foretell these kinds of corrections. I’ll take a look at the hardest hit one first, the Utilities, which were down 1.55% t
Thursday, May 30, 2013

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