Sep
22
2014

Gold and Silver Outlook 9-22-2014

Both precious metals ended up lower again today as the knife keeps falling and no one is daring to grab it. Gold and silver maintained their -100 scores. Some say China had something to do with it as they dampened stimulus hopes just because recent data has been week. Home sales also fell. Mining stocks look like a double bottom and it …

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Sep
18
2014

Gold and Silver Outlook 9-18-2014

While stocks break to new highs, gold and silver are still in a strong downward trend and today gave us no indication the pain is over. While all scores remained the same for GLD, SLV and GDX at -100, -100 and -70, it was still a topsy turvy day with jobs numbers coming in good but the Philadelphia Fed Manufacturing Index came …

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Sep
17
2014

Gold and Silver Outlook 9-17-2014

Not only did we get the volatility related to the Fed meeting we got the continued down turn in gold and silver I expected today. While gold has still not broken below it’s 2013 double bottom lows in the $1,190 range, silver has closed below the 2013 low. Silver is definitely showing that deflation is still in the air and that …

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Sep
17
2014

9-17-2014 Mid-day Fed Announcement Report

As mentioned in yesterday’s current thoughts, the Fed kept things status quo, tapering another $10 billion. Here is what I said about market makers and what they would do with the price of gold today. Tomorrow’s announcement will give us some insight into what will happen next with the metals. I’m not really looking for big change in what the …

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Sep
16
2014

Gold and Silver Outlook 9-16-2014

As mentioned yesterday and again mid-day today with an update on gold posted, we saw some volatility in the precious metal pre-Fed announcement. There was a spread between the high and the low of $10 and a bounce higher only to settle just above the lows of the day as gold maintained its -100 score. Silver was a bit more …

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Sep
15
2014

Gold and Silver Outlook 9-15-2014

Gold got a little bounce today on India’s imports doubling year over year to $2 billion. Silver edged up just a bit. The score for gold moved from -100 to -90 showing a little improvement (not a new trend) while silver stayed the same at -90, both mired in a strong downtrend. GDX though moved to a -70, showing a …

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Sep
12
2014

Gold and Silver Outlook 9-12-2014

Gold hit an 8 month low today while silver was a little more buoyed closing right where it bottomed in 2013. As such, gold is now rated -100 (it will stay here as long as the price keeps falling, and it not indicative of a time to go long). Silver stayed at -90 for the day. GDX fell from -60 to -70. …

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Sep
11
2014

Gold and Silver Outlook 9-11-2014

Gold fell to a 7 month low and silver to a 14 month low today with their scores going from -60 to -90 respectively. Silver broke its 2013 intraday low but managed to close above it. The yellow metal hit a low of $1,233 before closing up $5 off the low, but still above its 2013 low in the $1,190’s. I …

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