Oct
6
2014

Gold and Silver Outlook 10-06-2014

One of my indicators I wrote about a few weeks back tells me whether we are about to turn a corner on metals. On Friday, because of this indicator, I wrote the following as a reason why gold might bounce up a bit. I expect some continued selling in Asia come Sunday afternoon as stops are hit with the break …

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Oct
3
2014

Gold and Silver Outlook 10-03-2014

Gold fans I know don’t like it, but the yellow metal finally hit the target I was expecting it to take out breaking the $1,200 round number resistance and at the same time the 2013 closing low of $1,192 (according to Kitco historical prices). Gold closed at $1,191.70. These lows have not been seen since February of 2010. Silver took …

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Oct
2
2014

Gold and Silver Outlook 10-02-2014

Gold, silver continued with the -100 score today while GDX had a late move higher to finish with a -90 score. It seems that the $1,200 level in gold is providing good resistance and the $17 mark for silver thus far. Article Posted to Seeking Alpha The last article I wrote for my blog, Gold Is Not In a Bear …

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Oct
1
2014

Gold and Silver Outlook 10-01-2014

The manufacturing index for September was weaker than expected today giving gold and silver a little boost of life. Gold finished $8 off its low of $1,204 and silver finished 34 cents off its low of $16.83, both hitting lower lows. The metals remain with scores of -100 along with the mining sector. Yesterday’s Prediction Comes True In yesterday;s Current …

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Sep
30
2014

Gold and Silver Outlook 9-30-2014

“Turn out the lights, the party’s over” used to be a song sung by Don Meredith during Monday Night Football games back in the day when a team was appeared like it was going to lose the game. Some may think the lights are being dimmed and the party’s over for gold and silver after the beat down they have …

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Sep
29
2014

Gold and Silver Outlook 9-29-2014

Gold fell today after an early session higher but has not fallen below the closing low of $1,213.50 set a week ago. It still seems to me that it wants to break that 2013 low in the $1,190’s. We simply aren’t that far away from it and if we do break it, it could set up for a further decline …

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Sep
26
2014

Gold and Silver Outlook 9-26-2014

Gold prices fell again today on a stronger than expected GDP report and continued strength in the dollar. Silver managed to eek out a little bit of a gain. Mining stocks continued to take it on the chin. Gold and Silver Recap and Outlook    Gold has fallen 8.1% this quarter but is up 1.1% for the year still. Silver is …

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Sep
25
2014

Gold and Silver Outlook 9-25-2014

Gold fell to an 8 month low today but rebounded mid-day. The scores for gold and silver stayed at -100. Was this the Bottom for Gold? Was this a turn up in gold from oversold conditions? Sure. One day does not a trend make, so we need to realize that upturns always come and we were due for a move …

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Sep
24
2014

Gold and Silver Outlook 9-24-2014

The correlation of the dollar moving higher and precious metals lower continued today as the dollar index breached 85 for the first time, a 4 year high. While this is only one of the indicators I follow in speculating what gold and silver might do next, it is one I give more emphasis to. US Economic Data Good New home …

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Sep
23
2014

Gold and Silver Outlook 9-23-2014

Gold and silver bounced today off their most recent lows with both scores moving from -100 to -90. Yesterday I said; “Mining stocks look like a double bottom and it wouldn’t surprise me to see a bounce coming” and today we saw GDX move up 1.62% and JNUG up 7.67%. I again only view these types of trades as short term …

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