Category: Precious Metals
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Why Gold Has Been Falling (In 1 Simple Chart)
It was predictable: gold takes a breather, and a flash mob of gold agnostics and atheists forms to point out the price is falling and that there’s little reason to get excited about it. That’s the problem with investing bias; you don’t look for, or just ignore, evidence that shows another factor is in play.…
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The Greatest Crash Of Your Life Is Just Ahead… – warns Harry Dent
Harry Dent, best-selling author and economist, has warned that the stock bubble in the U.S. today is the biggest in history and that the “greatest crash of your life is just ahead…” Writing on his website EconomyandMarkets.com, Dent warned that The story on Wall Street and CNBC continues to be that we’re in a correction…
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Silver Wheaton announces Record Year of Production and Sales Volumes in 2015
VANCOUVER, March 16, 2016 – Silver Wheaton Corp. (“Silver Wheaton” or the “Company”) (TSX:SLW) (NYSE:SLW) is pleased to announce its results for the fourth quarter and year ended December 31, 2015. All figures are presented in United States dollars unless otherwise noted. Silver Wheaton achieved record production for a fifth straight quarter resulting in over…
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End of the bear market in gold?
Q: Do you use fractal geometry? Could you update us on the wave pattern recognition you’re looking for to verify the end of the bear market in gold? Do you look at volume, momentum indicators, gaps, moving averages, etc.? A: I look at all of that, but none of it is controlling. Wave pattern recognition…
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Predicting Market Price Gaps
Q: Do all market price gaps get filled? A: That is the tendency, yes. Q: Then that information can be useful in predicting future price action? Is this something you use to call the low in the gold market? If so, how do you use it? A: Price gaps indicate an imbalance of buy and…
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Last leg down for Gold
Q: Are we now in the last leg down for gold? You indicated in your blog post on February 12, 2016, that we were in the last rally but had one more down leg to go. Are we in that down leg now? A: Most likely yes. It certainly feels like it. We will know…
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World’s Largest Gold Mining Company
Q: I see that ABX, the world’s largest gold mining company by sales, has doubled in share price from its low four and a half months ago. What do you make of that? Have we missed the low? A: Maybe for ABX. Gold share prices do not all bottom at the same time; they never…
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Gold and silver are known; all else is credit
As J. P. Morgan famously said: Gold and silver are known; all else is credit. The gold price is fixed twice each business day in London. It’s called the London AM or PM Fix. Many contracts reference the London Fix to set a price for future gold delivery. It may be that the bullion dealers…
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Are Markets Fixed?
Are global markets fixed? They could be, but maybe not the way that you think. I considered titling this paper “How I Turned Ten Thousand into Five and a Half Million in Less Than a Year Trading Gold Futures and Options on Gold Shares.” But I actually started with twenty thousand, of which I lost…