People Are Bailing Out of SPDR GLD – Should You?

Lynn On October 4, 2013 / General Market, Gold, Silver

By: John Fisher People are bailing out of SPDR GLD. ETF liquidations have resumed with the SPDR gold ETF holdings falling to the lowest level since February of 2009. Global holdings for gold ETFs are down another 98,000 ounces to 61.9 million ounces. Interestingly, silver ETF holdings

Price Drivers For 4th Quarter

Lynn On October 2, 2013 / General Market, Gold, Silver

By: John Fisher As I write this, gold has rebounded up $29.10 from yesterdays close to $1317.60 and silver has risen $.63 to $21.90. All of us gold and silver investors will see ongoing economic uncertainty over the next couple of weeks – all of which should

Fed Announcement – What Should You Do?

Lynn On September 18, 2013 / Daily Market Watch, General Market, Gold, Silver

By: John Fisher What should you do regarding the recent Fed announcement? Nothing!! The broad market, indices, commodities (including oil) are all going crazy. This is a knee jerk reaction. Can you imagine benchmark oil rising $2.65 or 2.5% on a “non announcement” (no tapering – no

India Gold Price at All-Time High. Why Should I Care?

Lynn On September 17, 2013 / General Market, Gold, Silver

India gold price at all-time high! Late last month the gold price in Indian Rupee hit a new all time high. The gold price in India has exploded 30% in only the last 2 months! Why? The rupee, falling by 15% against the dollar during the

Buy the Rumor, Sell the News

Lynn On September 10, 2013 / Daily Market Watch, General Market, Gold, Silver

Buy the rumor, sell the news… After a very quiet Monday in which gold only traded in an $11 range, the yellow metal has succumbed to heavy liquidation pressure today in the wake of positive developments in Syria. The following headline was released: SYRIA ACCEPTS RUSSIAN PROPOSAL

Upcoming Supply Crunch

Lynn On August 21, 2013 / General Market, Gold, Silver

There is an upcoming gold supply crunch! The World Gold Council (WGC) just released its quarterly “Gold Demand Trends” report, which examines trends by sector and geography. This report is one of the few reports available on worldwide gold supply and demand. The most critical element of

Consolidation and Liquidation

Lynn On August 20, 2013 / General Market

Consolidation and Liquidation After an impressive two week run up, gold and silver are now consolidating as they wait to digest tomorrow’s FOMC minutes. At the tail end of last week, gold was able to break through $1,350 resistance. Stops were triggered and it made its way

T.S.A. Expands Duties Beyond Airport Security

Lynn On August 7, 2013 / General Market, Gold, Silver

T.S.A. Expands Duties Beyond Airport Security By: Ron Nixon, New York Times As hundreds of commuters emerged from Amtrak and commuter trains at Union Station on a recent morning, an armed squad of men and women dressed in bulletproof vests made their way through the crowds. The

Selling Pressure

Lynn On August 6, 2013 / Daily Market Watch, General Market, Gold, Silver

Selling Pressure With stops being triggered overnight at the psychological figure of $1,300, gold led the precious metals complex lower. After failing ahead of key resistance at the end of July around $1,350 (the 23.6% Fibonacci retracement level of the all time high made in Sep 2011

The Market Today

Lynn On July 24, 2013 / Daily Market Watch, General Market, Gold, Silver

The Precious Metals Market Today Regarding the precious metals market today: Following Monday’s big rally, Tuesday gave us a quiet morning as the market digested the gains and drifted lower. After a few probes lower, gold found very good buying interest and took silver along for the

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