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Metals Correction is Almost Over. Onto Higher Targets for SilverGold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months. To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of ground to cover. Some are speculating on a more significant decline in gold prices. We could certainly correct to the low $1400s but it will be a short-lived correction not a new bear trend. Low 1400s is overly optimistic in my opinion. I don't think we'll see below 1434, but if we do, that's just another chance to buy more for cheaper.
NYSE:EXKLong
by Ludwig_Von_Mises
1
Understand Gold & Silver with the GoldSilver RatioGold & Silver investors, you need to keep an eye on the gold to silver ratio. The ratio helps us in deciding how to allocate our portfolio with gold and silver. The ratio can also help us to identify trend changes and understand what is happening in the metals market. During a metals bull-market the ratio moves decisively lower. On the chart you can see that metals bottomed out in January 2016 when the goldsilver ratio peaked out at decade+ Long resistance. It then surged lower from 83 to 63. Thats when Gold moved from $1045 to $1375 and silver moved from $13 to $21. You can also see that the ratio surged past key resistance and peaked out at 93. This move higher was initially driven by lower metals prices due to a hawkish fed. When the Fed did a 180 and began to cut rates, gold surged higher from 1180 to 1350 and correcting back to 1285. During this time silver severely lagged gold causing the GS ratio to peak at 93. Then gold brokeout and surged past $1400 and $1500 and silver tagged along hitting $19. This is when the GS ratio surged lower from 93 to 80. We’re currently undergoing a healthy correction in gold & silver. The GS ratio may inch higher. What we do not want to see is 88 recaptured and 89 recaptured. Could mean the GS ratio continues to breakout - a bearish scenario for silver & gold. What I think is more likely is gold surging to $1700 and $1800 after this correction, with a silver that potentially hits $25. We want to see the GS ratio moving lower for this scenario.
TVC:GOLDSILVERShort
by Ludwig_Von_Mises
The Market is Severely Underestimating Inflation ExpectationsThe Repo market is proof that something is wrong with the system. It's an unsustainable system. Rates need to stay low and money needs to be printed in order to sustain this bubble - eventually this will create an intolerable amount of inflation. As the market realizes that QE isn't temporary, that it is permanent until inflation is out of control, then inflation expectations will shift as people move into hard assets. While everyone's still talking about overpriced SPX and NDX, I'm bargain hunting in the metals market Platinum is insanely cheap and looks poised for a surge. Platinum follows gold. Gold is broken out and headed towards $1700
TVC:PLATINUMLong
by Ludwig_Von_Mises
3
The Beginning of the End: Great Recession 2.0 coming but not now Please, note-At the moment we do not hold any position in our portfolio however when we'll execute positions we'll update you as always- Gold and silver prices are trading moderately higher in midday action Thursday. Both metals are looking to a wobbly U.S. stock market for direction. A big morning sell-off in U.S. equities pushed the safe-haven metals to daily highs but then when the stock market erased its losses gold and silver retraced about half of their early solid gains. The gold and silver markets will continue to look to the U.S. stock market for near-term direction. There was some weak U.S. economic data released this morning that sent the U.S. stock market reeling. The ISM non-manufacturing index for September came in at 52.6 versus expectations for a reading of 55.3. The news followed downbeat U.S. manufacturing data released on Tuesday. There are still global economic growth and trade worries hanging over the world marketplace after some dour manufacturing data coming out of the U.S. and European Union earlier this week. A World Trade Organization trade-dispute decision in favor of the U.S. over the European Union on aircraft has rattled European markets, as the U.S. then announced late Wednesday it will levy new import tariffs on EU products coming into the U.S. In another sign of very low and even worrisomely low inflation in most of the world’s major economies, the Euro zone today reported its August producer price index down 0.5% from July and down 0.8%, year-on-year. Traders are also awaiting Friday’s morning’s employment situation report for September from the U.S. Labor Department. Friday’s key non-farm payrolls number is forecast to be up 145,000 in September. Technically, the gold bulls have the overall near-term technical advantage and have regained momentum late this week. Still, a four-week-old downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce close I above solid resistance at $1,543.30. Bears' next near-term downside price breakout objective is pushing December futures prices below solid technical support at this week’s low of $1,465.00. First resistance is seen at today’s high of $1,525.80 and then at $1,530.00. First support is seen at $1,500.00 and then at $1,490.00 December silver futures bulls and bears are back on a level overall near-term technical playing field. A four-week-old downtrend is still in place on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at this week’s low of $16.94. First resistance is seen at today’s high of $17.845 and then at $18.00. Next support is seen at $17.50 and then at Wednesday’s low of $17.24.
OANDA:XAUUSD
by GoldSilverAnalyst
GOLD: News or Technical Analysis?#Perfect Spot and BULL-concernsHey tradomaniacs, in this chart I want to show you my concerns about Gold and why I wouldn`t buy right now. Technically we see a very nice chance to buy right at the trendline, especially since the correction seems to be done according to E.W. and the fact that we are right at the trendline PLUS a very nice round number, which is 1.500 here. The 4h and Daily-Chart would give us a very nice opportunity to buy here with a very great Risk-Reward-Ratio. Buy the questions for me: Who is going to win? TA`s or fundamentals? Will see a bulltrap ? Yersterday we have seen a flood a bullish news for the stock-market: "China`s Premier Li say that us and China should find a solution to the ongoing trade dispute and hopes that trade talks make progess. There was an immediate "risk on" move. European equitiy indices spiked higher as a result of these headlines." Right after we have seen a tweet by Trump saying that he doesn`t need John Bolton, a convonced hardliner anymore. Trumps rating has never been as bad as now and he will have to "calm down" in terms of tradewar talks in order to advoid a recession in the USA which is, and that is what the market believes, caused by the tradewar and its tarrifs. If he wants to be re-elected in 2020, he`d have to push the "risk aversion" and give the market reasons to shift there money into the stock-market. A higher risk-aversion would weaken Gold and push the globale Stock-Market, such as indicies like S&P500. Additionally we see positive reactions by the bulls and in terms of correlations we can see bullish momentums at USD/JPY and USD/CHF, which are correlating with the stock-market. And since everyone seems to bullish, this would provide a lot of liquidity to the Big Players to sell. ;-) So what is going to win? This uptrend? Or will Trump violate the Trendline? LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:XAUUSD
by Trading2ez
1
FAKE GOLD BARS FOUND! JP MORGAN..BUY STOCKS, SELL GOLD!After reading the fraud taking place within the GOLD market with fake GOLD bars being found with possibly thousands or maybe even millions more yet to be found, in our opinion, you are playing a very dangerous game buying GOLD now! Read Story...JP Morgan gets hit with Fake GOLD bars... Exclusive: Fake-branded bars slip dirty gold into world markets www.reuters.com TO BE ON THE SAFE SIDE, WE WOULDN'T TOUCH GOLD RIGHT NOW...NOBODY KNOWS HOW MANY FAKE GOLD BARS ARE FLOATING AROUND THESE BARS ARE NOT ONLY FAKE, THE GOLD WITHIN THE BARS IS DIRTY GOLD, NOT PURE...THIS IS EXTREMELY ALARMING IN ITSELF! CHINA IS PROBABLY TRYING TO TANK THE GOLD MARKET JUST LIKE THE WAY THE DIRTY COUNTRY MANIPULATES THEIR CURRENCY...AND CORRUPT DEMOCRATS, DIRTY POLITICIANS AND DUMB LIBERALS DON'T WANT TARIFFS ON CHINA..???? STUPID FOOLS...!! IN 2012, A GUY WAS PRINTING FAKE BILLS. HE WAS PRINTING SO MANY, IF HE CONTINUED AND DIDN'T GET CAUGHT, HE COULD HAVE CRASHED THE WORLD ECONOMIES...READ.. www.businessinsider.com THIS IS WHAT WE SEE HAPPENING NOW WITH FAKE DIRTY GOLD BEING DISCOVERED...CHINA IS FLOODING THE GOLD MARKET WITH FAKE GOLD BARS ... JUST LETTING EVERYONE ON THIS BOARD KNOW... BEST OF LUCK WITH YOUR TRADES! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLDShort
by UnknownUnicorn3159981