Precious Metals News and Analysis

 

Is This the Bottom?

Is this the bottom? Yesterday, Monday May 20th,  gold and silver experienced their most violent movements since their shocking two day downturn in mid April.  In the extended weekend session, silver broke down below long term major support at $22, a figure not seen since the fall

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What is Happening?

What is happening? Physical demand for gold, and especially silver is VERY strong.  Silver deliveries are delayed for a minimum of 4 weeks and as much as 8 weeks or longer.  Premiums on physical silver are up substantially as the physical demand for silver far outpaces supply.  There are

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Gold ETF Holdings Plummet

Gold ETF Holdings Plummet Gold ETF holdings have been steadily declining so far this year. Investors sold a net 106.2 metric tons (approx. 3,414,330 ozt) of ETF gold products valued at $5.4 billion in February.  In March, investors sold a net 26.1 metric tons (approx. 839,115 ozt).  

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Silver Squeeze

Silver Squeeze The silver price is being “squeezed” between a two year long support level and two year declining resistance level.  A major breakout one way or the other is coming.  Fundamentals support a break to the upside.  Buy anywhere below $30.   NOTE: Consider swapping a portion

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Paper On, Paper Off – Gold On, Gold Off

Paper On, Paper Off – Gold On, Gold Off The stock market is soaring.  The gold (and silver) market is tanking.  Why? It is part irrational exuberance and part paper intoxication.First, the Dow Jones industrial average rose 175.24 points, or 1.2 percent yesterday, February 27th, to 14,075.37.

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