precious metal trends

Speaking on Tuesday this week, Jeffrey Gundlach, founder of the big DoubleLine Fund in the U.S. and with control of assets under management estimated at nearly $120 billion, commented that the gold price had broken its downtrend line and was on the verge of breaking out to the upside.  “Something big is happening” Reuters quotes him as saying . . . .

The price of silver will depend heavily on trends in investment demand in 2018 but could get a boost from international political and economic risk purchases, CPM Group said on Tuesday . . . .

Donald Trump’s trade policies are breathing new life into precious metals. Measures of 60-day historical volatility for gold and palladium futures climbed to the highest in about a year. Volatility in silver also increased . . . .

Peter Ginelli writes: Lately we have been seeing the term “stagflation” used in many headlines, by many respected analysts as well as the former and longest serving Federal Reserve Chairman Alan Greenspan in recent months . . . .

Arguably Chinese gold demand, which remains high according to almost all accounts, tends to be a stabilising influence on the gold price with the twice-daily Shanghai fixes having their own impact is steadying price rises and falls . . . .

We have been noting silver’s relatively positive Commitments of Traders (CoT) alignment vs. that of gold. Before Friday’s pervasive market disturbance that likely improved both CoTs, the reading in silver was already constructive . . . .

While gold is very close to a major breakout (in price) its strength has not filtered down to silver yet, writes Jordan Roy-Byrne. . . .

Legislation making its way through the Alabama legislature would exempt gold and silver from state taxes, thereby facilitating the use of precious metals in commerce while ending what supporters of the legislation say is unfair treatment of dealers and investors . . . .

A major breakout in Gold this year and its effect on Silver is just one reason why Silver could have a big year . . . .

We are very grateful to see so many others reporting what we have been saying for the past several months. Silver and gold are should have a great 2018 and follow up with a great 2019 . . . .