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Gold’s Headwinds Now Starting To Fade – Look For Higher Prices Ahead

Gold and silver prices rose together for the first time in seven weeks, but the metals stayed within well-defined ranges during quiet, end-of-summer trading, setting the stage for positive seasonal factors and possibly rising prices in the period ahead. The strengthening dollar continues to be a major impediment to higher metal prices and dollar bearish developments are sorely needed for any sustained gold rally this fall.

Safe haven demand remains strong due to developments in both Ukraine and Iraq while gold buying in Asia has stayed soft, as is usually the case at this time of the year. With stock markets reaching fresh record highs and investors bidding bond prices higher as well ahead of an important Federal Reserve meeting in September, look for volatility to return and for gold and silver prices to soon break free from their recent trading ranges.

For the week, the gold price rose 0.5 percent, from $1,280.80 an ounce to $1,287.20, and silver gained six cents to $19.46 an ounce. Spot gold is now up 6.8 percent for the year, still one-third lower than its record high of over $1,920 an ounce three years ago, and silver moved back into positive territory for 2014, now up 0.1 percent for the year but still 61 percent below its all-time high of about $50 an ounce reached in early 2011.

After a June surge (a month during which prices normally move lower), it’s been a difficult summer for the monetary metals that always seem to run into some sort

Article source: http://seekingalpha.com/article/2462405-golds-headwinds-now-starting-to-fade-look-for-higher-prices-ahead

Heads up… This big commodity “shutdown” is just around the corner

From Pierce Points:

A brief news item yesterday may be one of the most important happenings in commodities for years.

The coming shutdown of one of the largest uranium mines on the planet.

I noted a few weeks back that workers at Cameco’s McArthur River uranium mine in northern Canada were contemplating labour action. And yesterday that threat came to fruition − with the major uranium company announcing that mineworkers’ unions have authorized a full strike.

It appears this action is going to bring McArthur River to a complete standstill. With Cameco saying it is now initiating shutdown activities at the mine, and the associated Key Lake uranium processing facility.

The strike is officially slated to begin on August 30. So it looks like production here will now taper off, leading up a full stop by that date.

As I mentioned previously, it’s hard to understate the effect this stoppage could have on uranium supply. Given that McArthur River is one of the world’s largest and richest uranium producers, currently putting out nearly 15% of global supply itself.

Interestingly, uranium prices have been rising the last few weeks. Up over 10% since the beginning of August, when news of the potential strike action at McArthur began to surface − currently selling for $31 per pound.

This is the most notable increase in prices the uranium market has seen for years (albeit from a very low base, with prices having recently fallen to a near-decade low of $28). Suggesting

Article source: http://thecrux.com/heads-up-this-big-commodity-shutdown-is-just-around-the-corner/

Gold, Silver and US Mint Bullion Sales Mixed in August

Several gold bars

Precious metals and U.S. Mint bullion coin sales were mixed in August

Gold prices on Friday retreated from their previous session increase but still logged modest gains on the week and month.

Gold for December delivery shed $3, or 0.2%, to settle at $1,287.40 an ounce on the Comex division of the New York Mercantile Exchange. Excluding a haven-driven spike on Thursday, recent trading activity for the precious metal has been sluggish and its daily changes slight.

“It’s the summer season and it’s normally very quiet. Dollar-priced gold is also increasing. I can’t see buying or selling at the moment,” Reuters quoted a physical dealer in Tokyo.

Gold prices advanced 0.6% on the week and gained 0.4% in August. Gold has advanced $85.10, or 7.1%, since ending 2013 at $1,202.30 an ounce.

Gold Outlook

Participants in the latest Kitco News survey are mixed about gold prices next week. Nine expect them to climb, 6 see them lower, and 7 see them trading sideways or are neutral. Kitco News reports that:

“Those who see higher prices said they believe the geopolitical news will give gold support… Yet bears say the geopolitical impact on gold has only fleeting impact and other factors may eventually weigh on gold… Several market watchers said gold will continue to hold in its range…”

Kitco gold survey results last week were bearish with expectation splits of

Article source: http://www.coinnews.net/2014/08/30/gold-silver-and-us-mint-bullion-sales-mixed-in-august/

Attention: This could be the first “nail in the coffin” of the U.S. dollar

From Zero Hedge:

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a U.S. Dollar reserve currency, neither is yet able to provide an alternative.

This changed in late June when first Gazprom’s CFO announced the gas giant was ready to settle China contracts in Yuan or Rubles, and at the same time the People’s Bank of China announced that its Assistant Governor Jin Qi and Russian central bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed cooperating on project and trade financing using local currencies. The meeting discussed cooperation in bank card, insurance, and financial supervision sectors.

And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay… and the long awaited first shot across the Petrodollar bow was absent.

Until now.

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO),

Article source: http://thecrux.com/attention-this-could-be-the-nail-in-the-coffin-of-the-petrodollar/

This bull market is “leaving the station.” This could be your last great chance to get on board.

From Jeff Clark, editor, SA Short Report: 

Chinese stocks are in a brand-new bull market.

The Shanghai Stock Exchange Composite Index (the “SSEC”) – China’s version of the Dow Jones Industrial Average – is up around 8% in less than a month. It’s up around 10% since we told you about Chinese stocks back in May.

And there are much larger gains ahead.

But after such a big run-up in a short amount of time, the SSEC is likely to suffer a brief pullback. And that’s when traders will have a chance to buy…


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Porter Stansberry: 99% will have no interest in my new project…

“That’s fine with me… I’m equally certain that the 1% of you who will be interested could make a lot of money with what I’m about to show you…” Be among the first to see it right here.

A low-risk double in resources?

Think gold is headed higher? How about uranium? Platinum? Coal? SA editors have made the case for each of them. And this ONE investment profits from them ALL. You do not want to miss this…

Take a look at this chart of the SSEC…

You can see the terrific rally that followed the breakout of the consolidating-triangle pattern (the blue lines) last month. The SSEC moved straight up to last December’s high, where

Article source: http://thecrux.com/this-bull-market-is-leaving-the-station-this-could-be-your-last-great-chance-to-get-on-board/

Apple could be looking to recreate its “iPhone magic” next month

From Bloomberg:

Apple Inc. (AAPL) is seldom first with new technologies, yet it has been able to create huge product categories. The company did that with iPods for the MP3 player market in 2001, iPhones for the smartphone industry in 2007 and iPads for tablets in 2010.

Now the Cupertino, California-based company will attempt to repeat that feat in wearables, an emerging group of devices that track people’s activity and health. Apple will introduce a wearable gadget along with new iPhones on Sept. 9, a person with knowledge of the plans said. Notices for the event, which will also take place in Cupertino, were sent out today.

Apple declined to comment beyond the e-mailed invitation, which said: “Wish we could say more.”

While companies such as Fitbit Inc. and Jawbone have made some headway introducing wearables to the public, global sales of the activity trackers hit just 13.6 million units last year, according to researcher Parks Associates. That’s about the number of iPhones Apple sells in a month, giving Chief Executive Officer Tim Cook room to boost the size of the market.

The new device also will give the clearest sign yet of where the company is headed without Steve Jobs at the helm. Cook, who took over almost three years ago to the day, has been under pressure to show that the company will continue to deliver breakthrough products.

“How he’s perceived in the next few years will be decided in the next four months,” said Gene Munster,

Article source: http://thecrux.com/all-signs-say-apple-could-be-about-to-unleash-its-next-blockbuster-device/

This is some of the greatest income investing advice you’ll find anywhere at any price. And it’s 100% free…

From Bryan Beach in The SA Digest:

Recently, I have revealed a handful of our favorite investing secrets.

First, I showed you how to identify businesses that consistently trounce their peers. Then, I shared two simple steps you can take to amplify your investment returns: Reinvest your dividends and “do nothing.”

Our inbox had plenty of feedback on the series, including a couple of subscriber “reinvest and do nothing” success stories. It’s clear lots of subscribers are very interested in income-producing securities.

Today, I’m going to share one more secret to maximizing the income from your portfolio… A stock’s stated yield tells you very little about how much income it will pay you.

For many income investors, this may sound crazy. After all, the yield IS your income, right? The bigger the dividend yield, the bigger your payments.

That thinking overlooks a powerful phenomenon in the stock market that can help you secure bigger, steadier income streams.

But before we get to that, let’s take a step back…


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Porter Stansberry: 99% will have no interest in my new project…

“That’s fine with me… I’m equally certain that the 1% of you who will be interested could make a lot of money with what I’m about to show you…” Be among the first to see it right here.

A low-risk double in resources?

Think gold is headed higher? How

Article source: http://thecrux.com/this-is-some-of-the-greatest-dividend-stock-insight-youll-find-anywhere-at-any-price-and-its-absolutely-free/

Gold price per ounce Spot gold per gram Spot silver per ounce Price review …

Posted on | August 30, 2014 | No Comments

Gold price and silver price precious metal news review today August 30, 2014:
The primary U.S. stock composites finished with gains last session and precious metal gold and silver prices dropped into the red once again. Economic news has been positively skewed in the U.S. in recent days and this has pulled attention from safe havens to stocks. The stock composites racked up another week of gains in the U.S. and precious metal gold and silver prices extended their losses.
December contract gold price and September contract silver price close review today August 30, 2014:
September contract silver price dipped lower by .7 percent and closed the day at 19.40 per ounce as of last session’s close. December contract gold price dipped lower by .23 percent to close the day at 1,287.40 per ounce as of last session’s close. One month price change for both gold and silver is currently negative at this time. Price change for gold is negative by approximately 1.85 percent at this time and price change for silver is negative by approximately 5.7 percent at this time.
Spot gold per gram spot silver per ounce price review today August 30, 2014:
Spot gold per gram and spot silver per ounce prices were tracking higher. Spot gold per gram price was

Article source: http://www.learningandfinance.com/2014/08/30/gold-price-per-ounce-spot-gold-per-gram-spot-silver-per-ounce-price-review-today-august-30-2014/

Consider this is a "cheat sheet" for finding the world’s greatest dividend investments

From Bryan Beach in The SA Digest:

Recently, I have revealed a handful of our favorite investing secrets.

First, I showed you how to identify businesses that consistently trounce their peers. Then, I shared two simple steps you can take to amplify your investment returns: Reinvest your dividends and “do nothing.”

Our inbox had plenty of feedback on the series, including a couple of subscriber “reinvest and do nothing” success stories. It’s clear lots of subscribers are very interested in income-producing securities.

Today, I’m going to share one more secret to maximizing the income from your portfolio… A stock’s stated yield tells you very little about how much income it will pay you.

For many income investors, this may sound crazy. After all, the yield IS your income, right? The bigger the dividend yield, the bigger your payments.

That thinking overlooks a powerful phenomenon in the stock market that can help you secure bigger, steadier income streams.

But before we get to that, let’s take a step back…


Recommended Links


Porter Stansberry: 99% will have no interest in my new project…

“That’s fine with me… I’m equally certain that the 1% of you who will be interested could make a lot of money with what I’m about to show you…” Be among the first to see it right here.

A low-risk double in resources?

Think gold is headed higher? How

Article source: http://thecrux.com/this-is-some-of-the-greatest-dividend-stock-insight-youll-find-anywhere-at-any-price-and-its-absolutely-free/

Forget what you’ve heard… This “common sense” reason is why companies are fleeing the U.S.

By Nick Giambruno, Senior Editor, InternationalMan.com:

Don’t be surprised to lose if you don’t make an effort at being competitive.

And if you go out of your way to make yourself less competitive, expect to lose.

If that sounds like simple common sense, that’s because it is.

But it’s also exactly what the U.S. has been doing for years—enacting tax policies that sabotage its global economic competitiveness.

It’s like trying to get in shape for a marathon by going on an all-McDonald’s diet…

Here are two major reasons why the U.S. is lagging in the global economic marathon:

  1. The U.S. has the highest effective corporate income tax rate in the developed world (see chart below).
  1. Unlike most other countries, which only tax domestic profits, the U.S. taxes the earnings of foreign subsidiaries of U.S. companies when the money is transferred back to the U.S. This has had the effect of U.S. corporations keeping over $1.9 trillion in retained earnings offshore to avoid the crippling U.S. corporate income tax.

These “worst in the developed world” tax policies are clearly hurting the global competitiveness of American companies.

Being deemed a “U.S. Person” for tax purposes is like trying to swim with a lifejacket made of lead.

It should come as no surprise that an increasing number of productive people and companies are seeking to shed this burden so they can keep their heads above water.

At this point, it’s more than just a trickle—it’s an established trend in motion.

And I don’t

Article source: http://thecrux.com/forget-what-youve-heard-this-common-sense-reason-is-why-companies-are-fleeing-the-u-s/