Monday

SPDR Gold Trust: GLD Edging Closer To The Upside Breakout of $1,700


There are several factors which suggest that GLD has actually found a base between the price of $1,650 and $1,690. Of course it is slightly expected to move upwards and downwards till it finds stability towards the end of the year.

According to Nichol, the price will soon hit a high of $1,700. He also says that he has perceived a high bullish trend given the downward revisions to GLD Price forecasts that have been put forward by bankers, trading houses, dealers and other precious metal trade participants.

At the beginning of the year, many experts were predicting that GLD would hit a high of $2,000. However, this view has been partially paralyzed by the high rates of inflation registered in several countries. The regular take-down in the GLD Quote is a very sinister bearish trend that appears every time gold is about to take off.

Despite this lackluster trend, many GoldETF investors in the Middle East, Asia and some parts of South America are actively purchasing gold because of the looming inflation. However, the man in the street will soon go to the bank smiling at the end of the year when the GLD Price will hit $1,700.


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Live 24 hours gold chart [Kitco Inc.]

Tuesday

iShares Silver Trust: SLV Prices Will Remain Elevated With A Strong Demand From Investors


Many were surprised on Friday because the SLVquote closed at $28.77 per ounce. This is a decline of 0.34% from Thursday's price. Currently, silver is trading at $28.78. This price is marginally higher compared to Friday's closing price.
A closer analysis shows that the Priceof SLV may find support at $28.56 before moving to the next level of $28.35.

However, the first resistance will be found at $29.06. A persistent rise in this trend will see the next level of resistance of $29.35 attained easily. Currently, SLV is trading below its 50 hour and 20 hour averages.

Howard Marks, a legendary investor in precious metals, says that this is the best time to invest in silver. He notes that investment flows in this sector will help to offset the next 3 years' compound annual growth rate at 2.5%. This will see the SLV Quote close at $34 per ounce at the end of this year and increase to $35 in 2014.


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Live 24 hours silver chart [ Kitco Inc. ]


Live 24 hours gold chart [Kitco Inc.]

Sunday

SPDR Gold Trust: The Prices Of GLD And SLV To Hit A Stunning $3,620 And $125 Respectively


2013 has proven to be the most unpredictable year for the prices of precious metals. King World News has consolidated the details for the trend in prices of GLD and SLV since 2005 to arrive at the possible stalling price for these two precious metals.

A trajectory indicates that GLD will hit $3,620 an ounce sooner than later. This has been developed in a series of three charts; the first one was developed in a total of 71 weeks, the second one in a total of 77 weeks and the last one in a total of 91 weeks. The first 71 weeks indicated a high of $3,000, $2,880 in the second 77 weeks and finally $3,620 in the final 91 weeks.

On the other hand, the trajectory will see the Price of SLV increase by over 400%. This is highly supported through the trend developed by major asset fund managers given the mathematical pattern studied from 2008 to date. If SLV hits a high of $50 followed by an advance of 150% suggested by the trajectory then the price will hit a record $125.

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Click here for more information about the GLDQuote!


Live 24 hours silver chart [ Kitco Inc. ]


Live 24 hours gold chart [Kitco Inc.]

Friday

SPDR Gold Trust: GLD And SLV To Exhibit A Technically Bullish Trend


In the past few days, these metals experienced a high influx in prices. Asset fund managers cite this momentum to have been highly geared by a decrease in GLD ETF holding even as more investors now liquidate their investments.

A strong precious metal stock and better economic data are some of the potential reasons for the recent bullish trend. These efforts were pushed even higher by the stronger US Dollar index that rose to 82.35 from 78.91.

Currently, the Price of GLD remains within the range of $1570 and $1685. A crawl was realized shortly after the release of employment data by ADP Nonfarm. The trend may take a different direction as indicated by Central Banks when they send press releases.

Lately, the Price of SLV has hardly managed to climb above $29 per ounce. However, market action indicates that SLV is receiving more traction compared to GLD.

With the current hesitation, more risk-averse investors are likely to withhold their investment. This will definitely quell a high price in GLD and SLV before the end of the year.


Click here for more information about the GLD Quote!

Live 24 hours gold chart [Kitco Inc.]
Click here for more information about the SLV Quote!

Live 24 hours silver chart [ Kitco Inc. ]

SPDR Gold Trust: GLD Futures Prices To Advance Past The Top Notch Of 2012


Last year, the gold futures that were effect for delivery in February closed at $1,676.50. This was a gain of 1.2% or $19.90. Of course this meant a weak ending to a strong precious metal year which was highly unexpected. This was highly influenced by the November General Elections.

Looking at the trend of GLD since the beginning of the year, there has been a lot of price instability. This has been highly attributed to the withdrawal of stocks at NYSE—a characteristic of the weakening dollar. As more central banks throughout the world continue in the habit of purchasing gold then the Price of GLD will persistently rise.

This means that those with gold futures contracts right now stand to gain. An improvement investment climate has begun to show and most asset fund managers can advise you that the best investment right now is gold. With a projection of the GLD Quote indicating that it would close at $1,900 this year, investors in GLD future will make up to 20% gains.


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Live 24 hours gold chart [Kitco Inc.]

SPDR Gold Trust: GLD Futures Prices To Advance Past The Top Notch Of 2012


It is two months down the line since commencement of the year and investors for the year are already smiling to the bank. This is heavily attributed to the rising Price of SLV.

Only in January, the demand for silver hit 7.5 million ounces. It was evidenced by the US Mint which suspended the sale of 1 ounce bullion coins from American Eagle because they were out of stock within the first two years alone.

As the American Congress debated the debt ceiling and fiscal cliff of the US economy, silver bullions also closed at considerably strong prices on the other end. This came during and shortly after November—the General Elections month which historically records high sales and rising prices of silver.

Even as anxiety about the SLV Quote looms, Rogers, the owner of a very rare 2013 silver coin, says that this is happening because people are so worried about the future. However, he adds that those who are positive about the trend of precious metals immediately after the general election expect huge gains this year.


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Live 24 hours silver chart [ Kitco Inc. ]

iShares SLV Trust: The Upside Potential Of Silver Is An Indicator Of An Unprecedented Increase In The Price Of SLV

Silver has roughly been operating around $30 per ounce. Using the US CPI Index, asset fund managers have predicted that the price of silver will hit more than $36 given the high of $36 recorded in 1980.

Owing to the growing investor appetite and industrial demand for precious metals, HSBC predicted that the Price ofSLV would rise from $32 to $33 an ounce this year.

However, a survey from some stocks in the market suggests a high mean target price as a result of the solid dividend they are paying. Hecla Mining Company reported an annual dividend yield of 1.83% and a payout ratio of 54.5%.

A report from Silvercorp Metals Inc. indicates that the dividend yield is expected to be 2.46% and a payout ratio of 38.5%.
Owing to the dwindling price of the dollar and poor returns from other industries, the only option for investors is precious metals. With this coming after the US election, it is expected that the Priceof SLV will rally upwards to $50 by 2014.


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Live 24 hours silver chart [ Kitco Inc. ]