LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

JPMorganís Top Metals Trader in the Crosshairs for Illegal Manipulation
By: Clint Siegner

SWOT Analysis: The U.K.ís Royal Mint Is Planning Its Own Gold ETF
By: Frank Holmes, US Funds

Why are Bonds Going for Broke?
By: David Haggith

Iran Attack Poses First Serious Test for Trump
By: Rick Ackerman, Rick's Picks

GoldSeek Radio: CEO Ken Lewis, Andrew Magure and CEO Tom Coughlin
By: Chris Waltzek, GoldSeek Radio

Precious Metals Update Video: Silver slipping away, trade got crowded
By: Ira Epstein

Black Hole Investing
By: John Mauldin, Thoughts from the Frontline

COT Gold, Silver and US Dollar Index Report - September 13, 2019
By: GoldSeek.com

Gold-Futures-Selling Overhang
By: Adam Hamilton, Zeal Research

Next Recession: The New Risks & New Profits Of A Grand Experiment
By: Daniel Amerman

 
Search

GoldSeek Web

 
Big Picture: Most Important

By: Mary Anne Aden and Pamela Aden, The Aden Forecast

 -- Published: Friday, 22 August 2014 | Print  | Disqus 

With gold again on the decline, itís time to take a look and focus on goldís big picture. 

 

This eases a lot of doubt, especially when companies like Goldman Sachs are bearish on commodities.  Weíll focus on silver and palladium too. 

 

GOLD: Still looking good

 

Looking at goldís big picture since 1968, youíll see what we mean.

 

Chart 1A shows that goldís decline of the last few years looks small in the big picture, within the mega uptrending channel since 1968. 

 

 

 

Note that gold has had two major bull markets, in the 1970s and in the 2000s. 

 

The major rise in the 70s didnít break its bull market red uptrend until several years after the peak in 1980.

 

The bull market red uptrend since 2001, however, is still intact.  On a big picture basis, itíll be important to see if this trend holds.

 

That is, as long as gold stays above the lows of last year, at $1210, this trend will stay solid. 

 

And according to goldís leading long term indicator (B), itís extreme low area...

 

Since these low areas tend to coincide with bottoms in the gold price, this tells us that gold is totally bombed out and the lows of last year are unlikely to be broken.

 

All things considered, it increasingly looks like 2015 could be the year of a strong change to the upside.

 

SILVER: Big Picture is bullish

 

 

Silver is similar to gold (see Chart 2).  Itís still in a major uptrend since 2002 within an almost 50 year uptrending channel.  And its leading indicator is similar to goldís.

 

Silver tends to outperform gold when both are bullish. So once gold starts rising in earnest, silver could then make up for lost time.

 

PALLADIUM: In its own league, but also leading

 

Palladium has risen 21% this year. Itís clearly one of our star performers. 

 

Itís actually been in a perfect storm type of situation this year (see Chart 3). 

 

 

Palladium is produced by Russia and South Africa.  The ongoing tensions in Russia and uncertainty have been keeping palladium strong.  The long strike in South Africa gave the extra push upward.

 

Palladiumís big picture is bullish. The chart shows palladium approaching its 2001 record high area, as it continues heading towards the top of its 44 year upchannel.

 

Its leading indicator also backs up a bullish scenario. Technically and fundamentally, palladium is set to rise much further. 

 

You want to stay onboard! For now, that goes for gold and silver too.

 

---

Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter named 2010 Letter of the Year by MarketWatch, which provides specific forecasts and recommendations on gold, stocks, interest rates and the other major markets. For more information, go to www.adenforecast.com


| Digg This Article
 -- Published: Friday, 22 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.