Gold & Silver - Discussions

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  • Stabu's picture
    Oct 7 2015 - 4:31am by Stabu

    Hi all,

    I'm wondering if anyone has found out a way to purchase full life insurance nominated in gold? When I googled this up I only found a Ukrainian insurance company offering this deal. Just wondering if anyone has found something like this in the US.


  • davefairtex's picture
    Oct 7 2015 - 12:58am by davefairtex

    Gold rose +11.70 to 1146.80 on moderate volume, while silver climbed +0.25 to 15.89 on heavy volume.  Silver started rallying about an hour before the US market open, and gold soon followed.  Silver managed to break above its 200 MA hitting a high of 16.09 a little before mid-day, but lost about 40% of its gains by closing time.

  • davefairtex's picture
    Oct 6 2015 - 1:38am by davefairtex

    Gold fell -2.50 to 1135.10 on moderate volume, while silver rose +0.40 to 15.64 on heavy volume.  Gold attempted to rally but failed, while silver rocketed higher, breaking above 15.50 resistance and eventually hitting a new high of 15.73 and keeping most of those gains into the close.

    This massive move in silver caused the gold/silver ratio to crater, dropping -2.07 to 72.60.

  • davefairtex's picture
    Oct 3 2015 - 6:10am by davefairtex

    On Friday, gold rose +24.90 to  to 1137.60 on very heavy volume, while silver shot up +0.74 to 15.23 on very heavy volume as well.  Most of the price move took place immediately after the Nonfarm Payrolls report, which was released at 08:30 Eastern.  The report came in substantially weaker than expected.  Econoday reported:

  • davefairtex's picture
    Oct 2 2015 - 2:22am by davefairtex

    Gold fell -1.80 to 1112.70 on light volume, while silver rose +0.01 to 14.49 on moderately light volume.  Gold attempted a feeble rally going into the US market open which failed a few hours later; silver tried rallying at the same time too, and it too failed.

    The dollar sank immediately after the Jobless Claims report at 08:30; this probably drove the mild rallies in gold and silver.  The dollar mostly recovered, however.

  • davefairtex's picture
    Oct 1 2015 - 4:10am by davefairtex

    Gold sold off again today, dropping -12.40 to 1114.50 on heavy volume, while silver fell only -0.12 to 14.48 on moderate volume.  Gold sold off steadily starting in Asia through to NY, while silver moved mostly sideways, but trailed off into the close in NY.

    The buck rallied strongly for most of the day; that probably didn't help gold much at all.

  • davefairtex's picture
    Sep 30 2015 - 3:03am by davefairtex

    Gold fell -4.40 to 1126.90 on moderate volume, while silver rose +0.05 to 14.61 0.53 to 14.56 on moderately light volume.  PM traded mostly sideways within a relatively narrow range, with gold fading a bit at end of day.

    Gold has now fallen through its short-term uptrend line, and is now eyeing the support level at 1120.  A drop through 1120 would probably lead to a retest of 1100.  While gold remains above its 50 MA, it is fading a bit.

  • davefairtex's picture
    Sep 29 2015 - 2:19am by davefairtex

    Gold fell -14.20 to 1131.30 on moderately heavy volume, while silver was hit much harder, dropping -0.53 to 14.56 on heavy volume.  Both gold and silver started selling off in Asia, and the selling didn't stop until an hour before the US market open. 

    Two days of losses have eliminated gold's rally from last Thursday, but gold remains in an uptrend; it is still well above its 50 MA and it has retained its short term bullish pattern of higher lows and higher highs.  Everything else is looking relatively ugly, but gold still looks all right.

  • davefairtex's picture
    Sep 26 2015 - 1:28am by davefairtex

    On Friday, gold fell -7.80 to 1145.50 on moderately heavy volume, while silver fell -0.02 to 15.10 on light volume.  Both metals sold off a bit after Thursday's large move higher.  Gold found some support at 1140, while silver barely moved at all.  Given the rally in the dollar, this was not a bad showing for PM.

    On the week, gold rose +6.40 [+0.56%], silver fell -0.05 +0.56 [-0.36%], GDX fell -3.45% and GDXJ moved down -4.47%.  Platinum dropped -3.57% and made a new low, while palladium screamed higher up +8.64%.

  • Jim H's picture
    Sep 25 2015 - 3:21pm by Jim H

    Some statements were made earlier today on this website by Chris and Adam's chosen PM commentator Davefairtex.  I want to point out how inane and misleading I think this particular commentary is.  My personal belief after much research is that any commentary that tries to substantiate the veracity of the current PM pricing mechanism as reflective of something real is either misinformed, or actually propaganda.