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Gold and Silver Market Analysis
In the last 24 hours
Gary Tanashian - Biwii
The Macro View and the Stock Market
By Gary TanashianLast week we noted that Uncle Buck would be front and center in the analysis, not because the strength in the (anti-market) currency was not expected (it was), but because our big picture theme of an ongoing economic contraction had remained intact (ref: gold vs. commodities ratio) over the long-term.It is important here to remember that NFTRH would only be on its big picture macro themes as long as indictors implied they are still viable.  I will be damned if I will let us foll
Tuesday, September 23, 2014
More than 24 hours ago
Jesse - Le Cafe Américain
Two Estimations of Chinese Gold Demand 
I found it interesting that these two estimations of Chinese gold demand arrive at similar answers from two different methods and assuming two different start dates. Before anyone asks, Koos Jansen has addressed the notion of 'round trips' of gold on the Shanghai Exchange in some detail.   It is not the same sort of bullion game that is the hall mark of the Comex. The first chart is from the data wrangler Nick Laird at Sha
Monday, September 22, 2014
Jesse - Le Cafe Américain
Russia Adds Another 300,000 Ounces of Gold To Its Reserves In August
Notice something that might be called a 'policy change' around 2007? That is when we saw the sea change in the central banks, when they turned from net sellers to net buyers overall of gold bullion.  The Comex moves its paper and relatively thin reserves around the around the plate.   Bill Holter thinks that China and the East are starting to take away the pricing mechanism from the CME and London.    Let's see how that works out.  I notice quite a few of the usual suspects o
Saturday, September 20, 2014
Robert McHugh - SafeHaven
HIGH ALERT!! The Stock Market is in a Dan...

Saturday, September 20, 2014
Jesse - Le Cafe Américain
Long Term Gold Chart with Retracements
Our friend Lenny sent the patrons of the café a long term gold chart that is quite interesting  We have certainly been through the ups and downs of these markets together, It shows the strong support at 1180, and the longer term trend line that works on a logarithmic chart. I asked Len to include the retracement levels, because as I recalled there had been a prior big retracement earlier in this bull market, from 1030 to 681 that shook quite a few people out. I was wondering how this c
Saturday, September 20, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Another miserable week for PMs
Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver is struggling to hold $18.50. Mainstream opinion has been negative for commodities generally, with a strong dollar undermining them. Brent crude, for example, is now well under $100. It is important to understand the connectedness between different asset classes in today's markets. Hedge funds, and bank traders sell one asset and hedge it by taking a pos
Saturday, September 20, 2014
Mark O'Byrne - gold.ie
Scotland Says "No" - Fallout May Impact Pound
The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation.  Voter turnout was exceptionally high at nearly 85% (about 3.6 million people), which was not surprising given the importance of the referendum. To some extent a cloud of economic and currency uncertainty that was hanging over Scotland and the rest of the UK has now been lifted. Share pric
Friday, September 19, 2014
Mark O'Byrne - gold.ie
Scotland Says No - Pound To Suffer From Fallout
The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation.  Voter turnout was exceptionally high at nearly 85% (about 3.6 million people), which was not surprising given the importance of the referendum. To some extent a cloud of economic and currency uncertainty that was hanging over Scotland and the rest of the UK has now been lifted. Share pric
Friday, September 19, 2014
Bron Suchecki - Perth Mint
Gold bottoming?
This morning I recorded an interview with Al Korelin for his weekend show which should be up Saturday US time. Al talked about how bad the sentiment was in the gold market right now, the worst he has ever seen, and I'd have to agree. Having said that, I talked about the recent return of demand for gold kilobars from Asia. Premiums have come up off the floor and are moving up nicely. This caused me to have a look at the kilobar movements in COMEX warehouses (see here for background on this indic
Thursday, September 18, 2014
Bill Downey - Commodity Trader
Gold arriving at medium term cycle turn point
INTRA-DAY NEWSLETTER ~ Sept 17 2014 Futures Unchanged Hours Ahead Of Janet Yellen, As Chinese Liquidity Lifts All Global Boats Submitted by Tyler Durden on 09/17/2014 It has been a story of central banks, as overnight Asian stocks reversed nearly two weeks of consecutive declines - the longest stretch since 2001 - and closed higher as the same catalysts that drove US equities higher buoyed the global tide: a combination of Chinese liquidity injection (for the paltry amount of just under $90 b
Wednesday, September 17, 2014
David Jensen
Golden Yuan World Reserve Currency After Volcker Dooms the Dollar
MP3: Discussion with Jay Taylor taped September 15, 2014. Topics 1. Shanghai Gold Exchange and Shanghai Metal Exchange physical metals premia vs. LBMA pricing: SGE Gold: $1,267.83 /oz & premium of $ 9.83/oz. = +0.5 % premium vs LBMA vs. +0.8% last week SGE Silver: $21.22 /oz & premium of $2.18 /oz. = +11.8% premium vs LBMA vs. +11.4% last week SME Palladium $1,038.58 /oz & premium of $159.58 /oz. = +16.8% premium vs LBMA vs. +18.2% last week SM
Wednesday, September 17, 2014
Mark O'Byrne - gold.ie
U.S. National Debt Surges $1 Trillion In Just 12 Months … Meanwhile FOMC “Tweaks” Wording
The U.S. financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars. Nick Laird of Sharelynx has just reproduced his fascinating and timely chart showing the US debt limit, the actual US debt and the gold price all in one chart. From 2000 until around the first quarter of 2013, there was a very strong and close correlation between the growth of the US national debt and the rise in the US dollar gold price. After Q1 2013 this correlation
Wednesday, September 17, 2014
Bill Downey - Commodity Trader
Gold nearing critical support points on the charts
INTRA-DAY NEWSLETTER ~ Sept 16 2014 The Deflationary hits just keep on coming…………… Producer Price Increase Lowest In 2014 As Energy Slides Submitted by Tyler Durden on 09/16/2014 - 08:43 PPI Final Demand was unchanged in August (+0.0% against expectations of +0.0%) making it lowest monthly gain since December 2013 (after revisions moved May's data). Across the board producer prices rose (or didn't) as expected with Final Demand YoY +1.8%. Energy prices fell 1.5% MoM and was the biggest driv
Tuesday, September 16, 2014
Mark O'Byrne - gold.ie
Gold Demand In India Triples As China Launches Global Gold Bourse This Thursday
Gold Webinar - Your Questions & Answers' on Today Sep 16, 2014 at 1300 EST > See here The Death Of The Indian Gold Market Has Been Greatly Exaggerated Indians Prepare To Buy Gold At Diwali  Trade statistics for the month of August have just been released in India, showing a huge surge in gold imports compared to August of 2013. The value of gold officially imported into India in August totalled $2.04 billion, which was nearly three times more than the August 2013 figure of $739 million.  Alth
Tuesday, September 16, 2014
Gary Tanashian - Biwii
A Closer Look at the USD
By Gary TanashianUsing the standard weekly currency chart we followed along for months as the Euro found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost major support and non-confirmed the commodity complex and the US dollar moved from a hold of critical support, to a trend line breakout, to its current impulsive and over bought status.  It is time now for a closer look at Uncle Buck since this reserve currency is key to so many asset markets the wo
Monday, September 15, 2014
Mark O'Byrne - gold.ie
“I Want To Be Diversified, I Want To Own Some Gold” - Faber
“I Want To Be Diversified, I Want To Own Some Gold” - Faber Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.  Faber, a resident of Thailand, is an advocate of gold storage in Singapore, and believes that a diversified portfolio will help protect against future market corrections which he believes are on the horizon. Faber doesn’t see further new highs this year in the US equity mar
Monday, September 15, 2014
Bill Downey - Commodity Trader
Gold weekly price chart at final support levels before 1150-1180
Gold Medium Term Long Term Trend ~ Bearish since Oct 2013 @ 1361 Long term Moving averages 1508 – 1553 Medium Term Trend ~Neutral– Gold missed the monthly close above 1290 in July to upgrade to bullish. Medium Term Moving averages 1299–1291 All trends are in bearish mode except the medium term (still in neutral) as we near the next medium cycle turn. The failure to close above the medium term moving averages in August warns that gold has most likely not re-entered a bull wave yet. While the do
Monday, September 15, 2014
Robert McHugh - SafeHaven
Is a Stock Market Plunge Coming Soon?

Sunday, September 14, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Strong dollar undermines precious metals
Precious metals have had to endure a week of gathering dollar strength, which is at least partly the result of problems specific to the euro, yen and sterling. The result is gold has fallen a further $30 over the week, and silver by about $0.70c. The first chart is of gold and open interest on Comex. Over the last two weeks the gold price has been falling while open interest has been rising: in other words paper gold has been flooding the market. This is illustrated in the second chart, of Mana
Saturday, September 13, 2014
Mark O'Byrne - gold.ie
  Panic On The Streets Of London ... Can Scotland Ever Be The Same Again?
Panic On The Streets Of London ... Can Scotland Ever Be The Same Again?  There is now less than one week of campaigning remaining before the Scottish Independence Referendum, which takes place next Thursday, September 18.  The pro-union ‘no’ vote campaign is back in the lead this week after the latest opinion poll from pollsters YouGov put them at 52%, marginally ahead of the pro-independence ‘yes’ campaign. The referendum question being asked is simply “Should Scotland be an independent countr
Friday, September 12, 2014
Mark O'Byrne - gold.ie
China Holds “Gold Congress” - Positioning Itself As Global Gold Hub, “In China, Gold Is Money” 
China Gold Congress in Beijing The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners. The event, co-sponsored by the World Gold Council (WGC) and the China Gold Association, showcases China’s gold industry and acts as a focus point for what is now the world’s large
Thursday, September 11, 2014
Chris Powell - GATA
  Dimitri Speck: Platinum's price is suppressed like gold's and silver's
Analysis by market analyst and GATA consultant Dimitri Speck shows that the platinum market is manipulated just as the gold and silver markets are, largely through futures contract sales keyed to the morning and afternoon platinum price fixings. Speck writes: "There have long been hints that systematic manipulation of gold and silver prices via the futures markets is taking place -- also during the fixing. Due to the many similarities, it seems likely that the futures market also plays a decisi
Thursday, September 11, 2014
Gary Tanashian - Biwii
Sentiment Shifting for Gold Bugs
By Gary TanashianWarning… Condescension ensues… NFTRH 307’s opening segment, dated 9.7.14:From a post on the HUI at the site last week:“There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out.  Then it would be up to the longer-term charts to do the heavy lifting if the daily does fulfill this downside potential.”The gap was filled, the top end of the anticipated support zone was reached and indeed, the wrong [i.e. momentum players] kind of
Wednesday, September 10, 2014
Mark O'Byrne - gold.ie
Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With
Russia-Iran Oil-for-Goods Contracts Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed. With both countries now sanctioned by the West, Russia and Iran have been in extensive negotiations on how to facilitate Iranian oil exports without breaching the UN Security Council nuclear deal that was agreed bet
Wednesday, September 10, 2014
Bill Downey - Commodity Trader
Important medium term cycles in gold coming in play in September
INTRA-DAY NEWSLETTER ~ Sept 9 2014 Gold Daily Report ~ Sept 9, 2014 Trend Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Medium Term ~ Neutral– The failure on gold’s part to close above the moving averages on a monthly basis (March, April, May, July, August) has left the downside open to lower Price potential. Intermediate Term ~ Bearish– Need a close back above 1306 for neutral. Short Term ~ Bearish- Gold cycles due to turn next week. In
Tuesday, September 09, 2014
Mark O'Byrne - gold.ie
Macro Factors Dominating Gold Price As US Dollar Outweighs Physical Demand And Investor Flows
Macro Factors Dominating Gold Price As US Dollar Outweighs Physical Demand And Investor Flows With gold trading in a narrow range below $1,300 and remaining relatively weak, it is worth pausing at this juncture to look at the combination of factors that are affecting its price formation. A current snapshot of the world gold market and its near term outlook can be gauged by examining four sets of influences on the market, namely the macro/geopolitical environment, investment demand flows, physica
Tuesday, September 09, 2014
Gary Tanashian - Biwii
NFTRH 307 Excerpt; Currencies
By Gary Tanashian By Gary Tanashian By Gary TanashianNFTRH has been bullish the USD and bearish the Euro, Canada dollar and Aussie dollar for quite some time now, most often using this simple weekly chart of various currencies. Months ago we noted USD creeping out of its downtrend (green dotted line) and the Euro falling out of its wedge (red dotted line). Back then, sentiment toward the USD was far different than it is today. So this week the Currency segment in
Monday, September 08, 2014
Mark O'Byrne - gold.ie
As ISDAFIX Becomes Next LIBOR, Can GOFO Manage To Avoid The Spotlight?
As ISDAFIX Becomes Next LIBOR, Can GOFO Manage To Avoid The Spotlight? In the wake of the recent LIBOR benchmark interest rate rigging scandal and successful prosecution of a number of global investment banks for participating in LIBOR manipulation, a  new interest rate rigging scandal is gathering steam. Allegations surfaced last year that ISDAFIX, a similar global interest rate benchmark, had been rigged by a group of global banks, and these allegations are under investigation by a number of r
Monday, September 08, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Short-sellers driving prices
Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply. It feels like the market is drained of all positive sentiment, which is reflected in the very low level of open
Saturday, September 06, 2014
Egon von Greyerz - Matterhorn AM
Jan Skoyles – In terms of assets, there clearly is inflation
“The Matterhorn London Interviews – Aug 2014: Jan Skoyles” “In terms of assets, there clearly is inflation” Video interview: In this 4th of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars speaks with Jan Skoyles, the recently appointed CEO of The Real Asset Company. In the interview Skoyles addresses asset price inflation, China’s and Russia’s heavy gold buying, the technology behind Bitcoin; and the first gold-backed crypto currency.
Saturday, September 06, 2014

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