What is Gold Going to Do this Week Up or Down?

After the last couple of weeks it will sure be interesting to see what gold does this week.  We have bought it while it was low now maybe time to sell some of that off.
Right this minute it is $1475.
This is what the experts are saying.

Gold maintained a close above our suggested stop loss on Friday at $1,454 and filled the retracement to $1,477. News this week should create the pivot to break the range. The European Central Bank will meet to discuss interest rate policy, although Germany is expected to resist dropping key rates from its current 0.75% level, so, the grinding slowdown in the other EU member economies may win the day.

The “experts” are suggesting that a drop in EU rates will be very bullish for gold. On its face, added liquidity should be price supportive for the metal. However, I caution that lower EU rates may have a serious implication for the value of the Euro. This may create more demand for the US dollar, which “historically” is negative for the commodity complex.  To read more from Pete Hug http://www.kitco.com/ind/Hug/2013-04-29-Pivot-Week.html

Here is where you can buy some nice gold nuggets http://www.webstore.com/16272,user_id,shop

Historically Gold Falls in March

To see the rest of this interesting article go to http://www.kitco.com/ind/Holmes/20130409.html
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Is Gold Still a Good Investment?

Gold investors are bruised but not broken. But, the yellow metal is still vulnerable to another down wave of selling pressure. Last week's action and modest rebound was a "pause" to the bear collapse. Friday's bearish shooting star candle on the daily June Comex gold futures chart shows the bulls are unable to defend gains right now.

Given gold's recent fall from grace as gold ETF holders dump positions and rush for the exits, the yellow metal for now has lost its "safe-haven" cache—its appeal as a store of wealth as developed nations’ global central banks continue to embark on massive money-printing and quantitative easing ventures. None of those factors have disappeared: global central banks continue to debase fiat currencies with their current monetary accommodation, but for now the overwhelming sluggish global growth continues to hold inflation at bay, which has decreased the perceived need to hold gold for now.

Despite the recent collapse in prices, there remain strong and solid factors that argue for portfolio diversification into gold. Lower prices points ahead may offer savvy long-term investors and players a better entry zone.

To read more

http://www.kitco.com/ind/Brecht/20130422.html

So Now What Will Happen With Gold This Week?

After watching gold go down so fast now what will happen this week?

I believe it will go up.

Here is what the experts are saying:

After the sharp price losses in gold, survey participants in the Kitco News weekly survey said they expect values to rise at least slightly next week.
In the Kitco News Gold Survey, out of 35 participants, 27 responded this week. Of those 27 participants, 17 see prices up, while four see prices down, and six see prices moving sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.
 To read more http://www.kitco.com/kgs/goldsurvey_apr192013.html

Some market participants said this very strong physical demand helped to stem the selling tide in the futures market and allowed gold to bounce from this week’s low of $1,321.50 in the June futures. On a Comex spot continuation chart, this was the lowest price for Comex gold since September 2010.
Yet others said now that gold is in a bear market, which is defined as a 20% drop in value, some traders are using any bounces in the yellow metal as a selling opportunity.
Kevin Grady, president of Phoenix Futures and Options, said in the futures market there was “a tremendous amount of shorting activity seen.”
He also said the $1,425 area – around the Friday high of $1,424.70 – is right now seen by bearish traders as an area to establish new shorts. Prices might be able to drift higher next week, he said, but until gold prices can move over $1,535, the trend in gold is down. That area is just above the support level that triggered the waves of selling in gold last week. To read more http://www.kitco.com/reports/KitcoNews20130419DeC_metalsOutlook.html

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Of Course the Demand for Gold is UP

What did you think would happen when the price for gold and silver fell so low?  The demand goes up.
Peter Hug over at Kitko backs me up on this one.

As is to be expected with the recent drop, physical demand, especially for silver, has exploded over the past week. The market collapse is obviously the recent catalyst but physical demand has been aggressive since November 2012. The North American Mints are on tighter allocation releases as the demand far outstrips the production capability at levels of three shifts working 24/7. Demand from Europe, given the recent concerns on the safety of "guaranteed" bank deposits, has many dealers back-logged as much as one month. The Hong Kong market has joined the demand cycle with popular North American items in low supply or out of stock.
To read more http://www.kitco.com/ind/Hug/20130417.html
To buy more gold

Physical demand for Gold

Kitco has written a good article explaining the demand for gold at this time http://www.kitco.com/ind/Hug/20130417.html  

Here is a part of it: 

As is to be expected with the recent drop, physical demand, especially for silver, has exploded over the past week. The market collapse is obviously the recent catalyst but physical demand has been aggressive since November 2012. The North American Mints are on tighter allocation releases as the demand far outstrips the production capability at levels of three shifts working 24/7. Demand from Europe, given the recent concerns on the safety of "guaranteed" bank deposits, has many dealers back-logged as much as one month. The Hong Kong market has joined the demand cycle with popular North American items in low supply or out of stock.

To be clear, this is "NOT" a supply issue but a production back-log. It will contribute to higher physical premium prices. The larger dealers are rationing what supplies they provide to the intermediary dealer market, focusing their efforts and meeting the demands of their individual clients. Production delays are not uncommon and seasoned dealers will provide options to their clients. Remember, as long as it is recognized, an ounce of silver is an ounce of silver. An American Eagle coin has no more intrinsic value than any other one ounce silver bullion coin. Look at your alternatives before you pay an extra 10% premium for an ounce of

I have been buying gold during this time:
GOLD 

 

What is Everyone Saying About the Gold Prices Falling?

Gold is falling falling falling.

It is at a 2 year low.

Do you think it will come back up?
What is everyone saying why it is falling?
Should you be buying?
Here are some of the best articles I have found.

The Washington Post says:

Weaker-than-expected Chinese economic growth figures weighed on markets Monday as the price of gold slid another $100 to hit a two-year low amid concerns that a 12-year bull run for the commodity has come to an end.
Though Beijing government figures showed that the world’s second-largest economy expanded 7.7 percent in the first quarter of the year compared with a year earlier, the figure was down on the previous period’s 7.9 percent rate and was worse than expectations for a modest increase to 8 percent.
 To Read More:http://www.washingtonpost.com/business/asian-stock-markets-drop-as-china-growth-slows-stirring-doubts-about-recovery/2013/04/14/5f34c05e-a57d-11e2-9e1c-bb0fb0c2edd9_story.html

I like what the BBC has to say:http://www.bbc.co.uk/news/business-22151474

ABC news says:http://abcnews.go.com/blogs/business/2013/04/gold-investors-exit-amid-price-collapse/

 USA TODAY says: Analysts attributed last week's plunge to investors who fear gold won't be the safe haven it has been when inflation spikes, the economy deteriorates or the sale of gold to raise cash skyrockets. To read more http://www.usatoday.com/story/money/markets/2013/04/15/gold-prices-tumble/2083537/

I SAY BUY!

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What is the BBC Saying About the Gold Drop?

The BBC is saying it might go down even further.  Read this to find out more

http://www.bbc.co.uk/news/business-22151474

Gold is really down, is it due to U.S. Quantitative Easing?

Some people think the reason for the gold dive is Quantitative Easing.
This will explain what it is:
http://bonds.about.com/od/advancedbonds/a/What-Is-Quantitative-Easing.htm

Now is the time to buy gold before it goes back up.

Gold Nuggets for sale

Gold Falls 5% What Will It Do on Monday?

Do you think gold can go any further down?  Now it the time to buy.  I do believe it will go back up.  USAtoday has a good article on it.
http://www.usatoday.com/story/money/markets/2013/04/12/gold-prices-plummet-below-1500-ounce/2077545/

Here are some gold nuggets for sale:
Gold Nuggets & Pendants

Gold Closed at $1477 ...We Just Bought 2 Oounces Buy Buy Buy

Gold is way down so it is time to BUY!
We bouht 2 ounces and hope to buy more.  You know it is going to go back up

Here is the article from Kitco...

METALS OUTLOOK: Views On Gold May Get Reassessed Next Week ▸http://OnKit.co/k1o6F

Gold’s fall under $1,500 an ounce for the first time since in nearly two years may mean a little soul-searching for investors in the metal, market participants said.

June gold futures fell Friday, settling at $1,501.40 an ounce on the Comex division of the New York Mercantile Exchange, and were down 4.7% on the week. On a June futures chart, this is the lowest level since April 2011. On a weekly continuation chart, this is the lowest level for a most-active contract since July 2011... Click above to read full feature on Kitco.com...

Check out some nuggets I have for sale on Ebay....contact me with a good offer.

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Gold Buying and Selling News

This is a good site for reading the lastest on why gold is going up or going down.

http://goldnews.bullionvault.com/gold-prices-041220131

What is going on with Gold?

This is from Kitco.com

For Pete's Sake wrote this article:

Although a bounce is certainly in the cards, as a trader I see no urgent reason to cover shorts from the $1,588 level and the $29.20 range in silver. Both gold and silver are within a hair of trading at their 2012 lows. I would look to flatten out at the $1,530 level for gold, with the silver target at $26.30. These levels must hold or further serious damage will occur, especially to gold, which may see a test of the $1,470 level

To Read More go to
http://www.kitco.com/ind/Hug/20130404.html

With Cyprus and the recent European-contagion flair-up, as well as growing concerns about North Korea, what's in store for the gold market? Well... Daniela Cambone is back! Daniela caught up with Peter Hug for this latest edition of "For Pete's Sake!" to discuss the "fresh fundamentals" seen in the gold market and hear his take on the resurgent European debt crisis

To watch more on a video go here
http://www.kitco.com/news/video/show/For-Petes-Sake