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Gold 1248.842.13
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DOWJONES 1640027
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HUI 1914
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GBP (£) 0.6187
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Copper 3.04-0.02
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In the last 24 hours
Mark O'Byrne -
Euro Risk Due To Possible Return of Italy To Lira - Drachmas, Escudos, Pesetas and Punts?
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro "as soon as possible" and return to the lira.  Beppe Grillo, the leader of Italy's Five Star Movement has shocked EU elites by launching of a non-binding consultative referendum on the matter which will be put before the parliament.   "We will collect half a million signatures in six months – a million signatures – and we
Monday, October 20, 2014
Bron Suchecki - Perth Mint
Gold market update
At the launch of our Perth Mint Certificate Program Approved Dealer GoldSilver Central today the journalists were interested in the views of Raphael Scherer of Degussa and myself on the gold market. I made a bottom/buy call on 18 September and the price subsequently held above $1180 and has strengthened since then. It is worth noting that not long ago the narrative around gold was quite negative, even in respect of China demand (see here for an example). In that article a dealer was quoted as s
Monday, October 20, 2014
More than 24 hours ago
Bill Downey - Commodity Trader
Gold Weekly Report---the Consumer price index report on Wednesday should be key this week
Gold Weekly Update ~ Oct 19, 2014 Trend Long Term ~ Bearish– Need a monthly close above 1560 for neutral trend without bearish potential. The key resistance area’s to regain new bull market leg are 1792 and 1804-1830 Medium Term ~ Neutral/Bearish– A monthly close below 1289 puts gold in full bearish trend for the medium term trend. However, it is possible that we have made an important low again at 1180. Odds still favor it will get broken before the end of the bear market. Intermediate Term ~N
Monday, October 20, 2014
Gary Tanashian - Biwii
Market Summary; Saturday Morning Cartoons
By Gary TanashianAllow me to share a simple sketch I drew that was part of an NFTRH interim update for subscribers last night.  The black line is where we have been.  The blue line is a projection of what a typical correction (whether a healthy interim one or a bear market kick off) might look like.We used real charts of the Dow, S&P 500 and Nasdaq 100 to gauge the entry into the current correction and now the resistance points to the expected bounce off of the US market’s first healthy sentimen
Friday, October 17, 2014
Mark O'Byrne -
“Save Our Swiss Gold ” - Game Changer For Gold?
by Ronan Manly, GoldCore Consultant Contents - Foreword - Introduction - Success of Swiss People’s Party (SVP) - Direct Democracy and Popular Initiatives - Petition Filing - Initiative Launch - Motivation for the Initiative - Gathering the People’s 100,000 Signatures - Gold Initiative Gets Over 107,000 Signatures - Selling The Swiss Family’s Gold  Swiss Flag in the Swiss Alps Foreword We believe that the “Save Our Swiss Gold” campaign has the potential to be a game changer in the gold market -
Friday, October 17, 2014
Bron Suchecki - Perth Mint
Singapore Perth Mint Certificate Launch
I will be in Singapore this Monday 20th for the launch by the newly appointed Perth Mint Certificate Program Approved Dealer GoldSilver Central of Perth Mint Certificates in Singapore. The launch is being held at Chevron House, see here for details, and the official stuff should be over by 2pm after which I'll hang around for a chat. So if you are in Singapore and I look forward to catching up with you.
Friday, October 17, 2014
Mark O'Byrne -
Flight To Safety - Gold Rises As Stocks, European Bonds Again See Sharp Falls
Today’s AM fix was USD 1,241.00, EUR 969.38 and GBP 775.87 per ounce. Yesterday’s AM fix was USD 1,223.50, EUR  967.58  and GBP 768.63 per ounce. Gold climbed $4.40 or 0.36% to $1,237.80 per ounce and silver slipped $0.03 or 0.17% to $17.43 per ounce yesterday. Gold s now nearly 5% above its recent lows and is again acting as a hedging instrument in investment portfolios after sharp falls in stock and many bond markets. Gold in U.S. Dollars - 2 Years (Thomson Reuters)     Gold retained sharp ove
Thursday, October 16, 2014
Mark O'Byrne -
“Secret Scheme To Manipulate The Price Of Silver” - Lawsuits Against Banks Proceed
The lawsuits against banks that alleges they engaged in a secret scheme to manipulate the price of silver bullion is proceeding. Gold fixing in London at NM Rothschild and Sons began in September 1919 Litigation alleging that Deutsche Bank, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver were centralised in a Manhattan federal court yesterday. The banks have been accused of rigging the price of billions of dollars in silver to the detriment of investors globally. Lawsuits f
Wednesday, October 15, 2014
Bill Downey - Commodity Trader
Gold rally extends to the 1240 first resistance area
Gold Daily Update ~ Oct 14 2014 Trend Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Need a monthly close above 1560 to neutralize the trend. Medium Term ~ Neutral– Gold needs to close above 1294 on a weekly and monthly basis for bullish outlook. Intermediate Term ~ Neutral Short Term ~ Bullish Initial Resistance 1240-1244 2nd tier 1256-1265 Initial Support 1226-1230 2nd tier 1211-1218 Futures Euphoria Deflated By Latest Batch Of Ugl
Tuesday, October 14, 2014
Mark O'Byrne -
Swiss Gold Referendum “Propaganda War” Begins
The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate  as the day draws nearer. Swiss Gold Coin The SNB, who oppose the initiative, has warned that a 'yes' vote would severely hamper the ability of the central bank to conduct its business. A proposal that the SNB should hold a fifth of i
Tuesday, October 14, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Market turbulence
This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a miserable month or two. On the news front, the S&P rating agency reminded us that Greece is likely to default, Germany released some horrible industrial production numbers, and the Federal Open Market Committee unexpectedly released dovish minutes. So what's it all about? This week more than any other it became clear that the global economy is
Tuesday, October 14, 2014
Mark O'Byrne -
U.S. and UK Test Big Bank Collapse - Risk Of Bail-ins
Regulators from the U.S. and the UK will get together in a “war room” next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday according to Reuters. Treasury Secretary Jack Lew and the UK's Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble. Also taking part are Federal Reserve Chair Ja
Monday, October 13, 2014
Robert McHugh - SafeHaven
HIGH ALERT Continues!! The Stock Market i...

Sunday, October 12, 2014
Mark O'Byrne -
Global Equity Shock as "Captured" System Starts to Crack
This week has seen some market volatility (see VIX Chart) reminiscent of the functioning market from days of old. The markets are spooked, bad news is overtaking good news and bearish views are becoming vogue. We are seeing a titanic battle taking place between the various bull and bear camps and they are starting to unleash some serious firepower.  The sleepy volumes of late have ticked up appreciably, and small investors are shifting in their seats nervously. The secret that no one really want
Friday, October 10, 2014
Gary Tanashian - Biwii
“It’s Inflation All the Way, Baby!”
By Gary TanashianThe title’s quote is one of many eminently quotable messages I had the pleasure of receiving over a few years of contact with a late, great and a very interesting man* named Jonathan Auerbach, who headed a unique specialty (emerging and frontier markets) brokerage in NYC called Auerbach Grayson.Jon was an honest and ethical man.  He was also a gold bug (in that descriptor’s highest form) who innately understood the Kabuki Dance that has been ongoing by monetary authorities since
Thursday, October 09, 2014
Mark O'Byrne -
‘Helicopter Yellen’ Sends Stocks, Gold, Silver Soaring
Gold, silver and stocks surged overnight and today after the Fed maintained their ultra dovish monetary policy stance. The risk to markets of an early hike in U.S. interest rates eased leading to a  fall in the dollar after the release of minutes of the last Federal Reserve policy meeting.  ‘Helicopter Janet’ World stock markets roared their approval of reassurances that the U.S. Federal Reserve will not raise interest rates any time soon. Capital came flooding back into almost every asset clas
Thursday, October 09, 2014
Bill Downey - Commodity Trader
Gold reaches first short term resistance at 1222
INTRA-DAY NEWSLETTER ~ Oct 8 2014 Note -- subscribers to goldtrends will receive a signal update and the daily updates tonight.  We are reviewing the potential for a gold market low and entry points.  We will update silver tomorrow. "What Changed?" - The Simple Reason for Yesterday's Sharp Selloff in Stocks Submitted by Tyler Durden on 10/08/2014 "The new information on global slowing may be less important than the realization that policymakers have few tools to deal with any kind of slowing,
Wednesday, October 08, 2014
Gary Tanashian - Biwii
Gold; a Simpleton’s View
By Gary TanashianFirst off, if you have an interest in the price of gold and have not already done so, I highly recommend you check out Steve Hochberg’s 2-part Elliott Wave video presentation on gold (disclosure: free sign up to Club EWI brings a small commission to yours truly ).  With all his zigs, zags, waves and patterns he ends up at the same place I do with my simple version.  I may use less cluttered methods, but I find this stuff very interesting.With markets at a key juncture, the US d
Wednesday, October 08, 2014
Mark O'Byrne -
Ebola and Global Recession Risks Send Stocks Sliding
Hardly a day goes by without a headline on the spread of the deadly Ebola virus in West Africa and now in Spain and in the U.S. With more than 3,500 deaths and about 8,000 reported cases, it is one of the most severe disease outbreaks in recent years. All the focus has rightly been on the medical implications of the disease and the tragic human consequences. So far, there has been little attention on the financial and economic consequences of a pandemic. Global economic growth remains weak and
Wednesday, October 08, 2014
Bill Downey - Commodity Trader
Gold Reaches Strong Support and Cycle Turns
Gold ~ Trends Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Need a monthly close above 1560 to neutralize the trend. Medium Term ~ Neutral/bearish– The failure on gold’s part to close above the moving lower Price potential. Intermediate Term ~ Bearish– Need a close back above 1222 for neutral. Short Term ~ Bearish- Initial Resistance 1206-1212 2nd tier 1216-1226 Initial Support 1172-1182 2nd tier 1155-1162 The last update listed resistan
Wednesday, October 08, 2014
Mark O'Byrne -
Silver “Particularly Cheap” as “Blood On The Commodity Streets”
With few exceptions, commodity prices have fallen sharply in recent months, to their lowest levels in over a year.  Silver in U.S. Dollars,  5 Years (Thomson Reuters) Relative to stock market indices, broad commodity indices are now at their lowest levels since the late-1990s dot com boom.  But key commodity price ratios, such as those between precious and industrial metals, are already at levels associated with financial crises such as that of 2008. In other words, there is already ‘blood on t
Tuesday, October 07, 2014
Gary Tanashian - Biwii
US Dollar is Extreme
By Gary TanashianUsing Tom McCellan’s article discussing a “blow off” move in the US dollar and its very bearish net short position by commercial traders as a starting point, I would like to talk about the USD and gold and how they each fit in to the global macro backdrop.  We could add silver into the mix as well because its failure in relation to gold (ref. the gold-silver ratio’s breakout last week) is the other horseman (joining Uncle Buck) that would indicate a changing macro.  Here’s the M
Monday, October 06, 2014
Mark O'Byrne -
Gold Support At $1,180/oz and $1,161/oz, Then At $1,000/oz
Gold had a torrid September and suffered further losses last week of 2.2%. Gold in U.S. Dollars,  5 Years (Thomson Reuters) The move lower in September was technically driven as there was no negative headline data, obvious reasons for price falls or indeed evidence of physical gold selling. Most of the selling was on the COMEX and gold remained firm in Asian trading throughout the month. Indeed, the mood music for gold is quite positive - especially the appalling western relations with Russia,
Monday, October 06, 2014
Jesse - Le Cafe Américain
Gold Silver Ratio and Some Thoughts On Markets 
As you may recall, silver is more volatile than gold. That means if the two metals are moving in the same general directional trend, as they are often wont to do, then silver will be moving faster and further in that direction than gold.   Silver has a higher beta. So when one considers the gold/silver ratio, one is perceiving the 'spread' between the two.  In general, at the extremes, the spread between gold and silver will widen and narrow markedly as compared to itself over time. We are a
Friday, October 03, 2014
Mark O'Byrne -
New Gold Rush Cometh With Global Bond Market On Edge Of “Cliff” 
The current U.S. bond market faces a "liquidity cliff" and looks like an asset "bubble" that could burst when interest rates start to rise, according to the senior U.S. securities regulator. This is something we have been warning of in recent months.  The consequences of the bursting of the bond bubble would be rising interest rates, which would likely impact property and stock markets and benefit safe haven gold bullion. Exter's Golden Pyramid  Securities and Exchange Commission (SEC) Republic
Friday, October 03, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - The Ritual of Our Existence 
"The ritual of our existence is based on the strong getting stronger by devouring the weak. We must face up to this. No more than right that it should be this way. We must learn to accept it as a law of the natural world." Ken Kesey, One Flew Over the Cuckoo's Nest There was intraday commentary about the Gold/Silver ratio which is at an extreme.  You may read about it and what it may mean here. Gold and silver hit weakness in the late London and early New York trading periods, whic
Friday, October 03, 2014
Gary Tanashian - Biwii
Reacquainting w/ Mr. Fat Head; AKA HUI Monthly
By Gary TanashianIn February of 2013 we noted the big fat HEAD on the HUI’s massive H&S pattern.  It was reviewed again in April of 2013 after it broke the neckline in a very bearish move.  Mr. Fat Head’s technical objective was and is 100.Why is this being revisited?  Because I have gotten a couple emails noting that it is showing up again out there amidst the very bearish backdrop.  If anything, if every gold bug on the planet is planning for 100, the ingredient is in place for this final indi
Thursday, October 02, 2014
Mark O'Byrne -
Perth Mint's Gold Coins and Bars Sales Highest In Year On Safe Haven Demand
The Perth Mint's sales of gold coins and bars hit their highest in nearly a year in September as a fall in U.S. dollar denominated gold led to some buyers to accumulate bullion on the dip and the risks of terrorism and war led to safe haven demand. Perth Mint Gold Bar (1 Kilo) Concerns about the global financial system and economy are also leading to safe haven demand. The Perth Mint runs the only gold refinery in Australia, the world's second-biggest gold producer after China. Sales of gold co
Thursday, October 02, 2014
Gary Tanashian - Biwii
Stealth Gold Stock Rally
The headlines are rightfully bearish for gold, silver and the major precious metals stock indexes, ETFs and senior gold miners.  The technical damage is real. Today?s burst could be and probably is just short covering.  [edit; post was mostly written before the end of day flop]But improbably enough, there is a stealth uptrend going on in certain royalties, miners, developers and explorers.  Believe me, if you could hear me talk instead of write you would not hear anything
Thursday, October 02, 2014
Jesse - Le Cafe Américain
US Dollar Long Term Chart
I would like to reiterate that because its weightings and composition no longer reflect the reality of the international monetary system that the US Dollar Index will continue to become increasingly less informative and relevant. The existing weightings and inclusions are shows in the pie symbol on this dollar chart.  But it does serve as a vehicle on which to locate certain key events. You may 'right click' on the chart to save it to your computer for closer inspection.
Thursday, October 02, 2014