by Taki Tsaklanos | Precious Metals
As soon as the FOMC Minutes appeared earlier today, the U.S. dollar sold off and gold went sharply higher. In doing so, gold ended the trading session right at technical resistance near the $1,135 /oz level. Gold traders are clearly reliefed that the Fed stays focused...
by Taki Tsaklanos | Precious Metals
Gold is set for a bounce. The momentum indicators are recovering from strongly oversold readings. The gold price chart shown below reveals a rising RSI momentum indicator in the upper pane of the chart. It is quite likely that the price of gold will move towards its...
by Taki Tsaklanos | Precious Metals
Let’s face it. Mainstream media and large financial institutions have the (bad) habit of forecasting gold prices based on market sentiment. In a bear market, they lower their forecasts. If gold prices are rising, their forecasts are in line with the rising...
by Taki Tsaklanos | Precious Metals
Gold dropped approximately 5 percent this week. In doing so, it broke through critical support at $1,130 per oz. From a technical point of view, that is really bad news for gold bulls. Is the end of the bear market in sight or is there plenty of downside? In order to...
by Taki Tsaklanos | Precious Metals
Silver closed today’s trading session 4.5% down. Silver bulls are rightfully worrying about the high volume which came with the price decline. The first chart shows the price decline along with the high volume in the blue rectangle. What does this mean?...
by Taki Tsaklanos | Precious Metals
Greek news is on all media channels, worldwide. After capital controls had been imposed, a one-week bank holiday announced, and a referendum set up to vote against austerity measures, it seemed that the government Tsipras had a clear plan. However, today it became...
by Taki Tsaklanos | Precious Metals
In Gold We Trust 2015 is out. It is a globally read, outstanding report, full of unique insights for investors. The report analyzes montary policies, the financial system, the economy, and the role of precious metals in all those areas. The report is written by Ronald...
by Taki Tsaklanos | Precious Metals
The silver market is showing several multi-year (even multi-decade) extremes. A big move is underway, undoubtedly. From a seasonality point of view, July and August are the strongest months of the year after January and February. Logically, a summer rally should be...
by Taki Tsaklanos | Precious Metals
There are several extremes in the silver market based on the data that we monitor. It is clear that a big move is underway. Which way? Let us review the most imporatnt data points. Seasonality Seasonal data shows that July and August are the strongest months of the...
by Taki Tsaklanos | Precious Metals
The day that the Fed will raise interest rates is closing in much faster than the market thinks. That is at least the impression you get looking at the figures today. Our opinion regarding the rate hike has been different for a long time. Precious metals are likely...
