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

Gold & Silver Price Manipulation: The Greatest Trick Ever Pulled
By: Ronan Manly, Bullion Star

Gold & Gold Stocks Ripping. What's Next?
By: Jordan Roy-Byrne CMT, MFTA

Asian Metals Market Update: July-23-2019
By: Chintan Karnani, Insignia Consultants

Silver Seeks to Catch Up With Gold
By: Frank Holmes, US Funds

GoldSeek Radio: Bill Murphy and Bob Hoye
By: Chris Waltzek, GoldSeek Radio

Bull or Bear? The Market’s Message
By: Plunger

Gold Market Update - “so far so good”
By: Clive Maund

Investors Blinded by Greed, but Not for Much Longer
By: Rick Ackerman, Rick's Picks

Precious Metals Update Video: Gold Monthly Chart breaking out
By: Ira Epstein

FT's Martin Wolf: Who cares about the prices of useless metals and market rigging?
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
New Bull Begining?

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

 -- Published: Thursday, 22 January 2015 | Print  | Disqus 

Gold ended 2014 essentially breakeven, being slightly down (1½%).  It was a choppy year for gold and a bad year for gold shares.

 

But it looks like the bear market may now be coming to an end. In fact, it could happen at any time.

 

The seemingly never ending fall in the oil price, the plunging euro and petro currencies, and weaker stocks all pushed safe haven buying to bonds and gold as the new year got started. 

 

It’s interesting to note that the soaring U.S. dollar ceased to keep downward pressure on gold.

 

We already started seeing this last month.  And essentially the strength in the dollar has not affected gold since November.

 

This alone shows that a subtle but positive change has started.

 

DEMAND IS SOLID

In addition, gold demand has been up, and it continues to grow.

 

Hedge funds became the most bullish on gold since August.

 

And while fears that Russia will sell their gold prevailed, the contrary happened. Russia has been buying more gold.

 

We’ve been seeing the physical demand for gold increase around the world as central banks add to their gold reserves, with China leading the way.

 

And, according to our dear friend Chuck Butler, the NY Fed had a huge drop in physical gold last month.... down by 42 tonnes, leaving the Fed with the lowest amount of physical gold since the turn of the century! 

 

It seems the Fed is giving gold back to several European countries who had their gold stored there.

 

GLOBAL INFLATION?

 

It’s certainly no secret that many central banks have been on an unprecedented stimulus program, like Japan.  China is joining in too and so is Europe.

 

This rekindles concerns that global inflation could rise, in spite of ongoing low inflation around the world.  But either way, the global situation is bullish for gold.

 

The big question on all gold investors’ minds is, are the lows in the bear market behind us?

 

Only time will tell, but the strong start this year gives us the feeling that the lows are in (see Chart).

 

 

 

WHAT TO WATCH…

 

For now, if gold’s firmness since November continues, and gold stays above $1200, it’ll be doing fine. But if it stays above $1265 (the 65 week moving average), it’ll be turning bullish, reinforcing that a further decline is unlikely.

 

Gold would then turn super bullish if it can manage to rise and stay above $1300, its mega moving average.

 

---

Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter 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: Thursday, 22 January 2015 | 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.