Global Economic Intersection - Precious Metals Blog

Gold Market Long-term Correction Continues

Archidev Ghosh — Sun, 26 May 2013 05:50:54 +0000

by Erik McCurdy, Prometheus Market Insight

Editor's note: This was written 19 May 2013. Since then the price of gold has traded as low as $1,344 (20 May), as high as $1,399 (21 May) and closed at $1,387 on Friday 23 May 2013.

In September 2011, our cycle analysis predicted the formation of a long-term top in the gold market. Following the development of a consolidation formation from late 2011 until early 2013, prices moved below congestion support in the 1,550 area. As expected, the breakdown was followed by a severe decline of 12 percent during the last six weeks.

Investors! What Your Dentist Doesn't Know About Gold

Archidev Ghosh — Sat, 25 May 2013 04:48:45 +0000

Bullion Vault Article of the Week

Written by Adrian Ash, Bullion Vault

If you want crisis insurance, beware cheaper amalgams and synthetic composites...

What use is gold? Besides jewelry, outrageous cutlery, money, microchips and a thin veneer for astronauts' visors, gold once got sizeable demand from dentists.

The least reactive of all elements, gold is also highly malleable but very dense. Making it the perfect fit for cavity fillings everywhere.

Gold and Silver Prices Could Soar

Archidev Ghosh — Thu, 23 May 2013 03:47:11 +0000

Cash vs. Futures Arbitrage and Squeeze Potential in Gold After Bottom Setup – Free Podcast

by Lee Adler, Wall Street Examiner

In this free podcast (recorded Monday afternoon) Russ Winter tells Lee Adler that a shortage of physical gold at the Comex and no real price discovery means that gold and silver prices should soar. Lee says the technical picture on gold has been conducive to a bottom, and says stocks still look to be headed higher.

This is a one-time free podcast, available to all click here to access the Monday, May 20 podcast (Cash vs. Futures Arbitrage and Squeeze Potential in Gold After Bottom Setup).