The gold and silver market bulls on Wednesday gained fresh upside near-term technical momentum.
Then there is the case of the decreasing physical gold and silver in the primary exchanges.
FORBES: Gold Prices Up 11% Since Market Collapse On Physical Demand, But Bullishness Is Lacking
Forbes predicted at least a 10% sell- off in gold and silver last week.
The greenback bulls have faded recently, which has benefitted the gold and silver markets recently.
FORBES: Comex Gold Ends Weaker On Profit-Taking, Corrective Technical Pullback
Gold and silver, on the other hand, flourish on news of problems in the economy.
Remember the correction of gold and silver back at the end of April last year?
FORBES: Bank Stress Test Results and a Firm Dollar Cause Another Gold and Silver Correction
Or put it another way, as go oil fears, so goes money into gold and silver.
FORBES: Gold, Silver, Oil Will Spike To New Highs If US-UK Attack Libya
Some fresh U.S. economic data Tuesday failed to significantly move the gold and silver markets.
The China data can be read as a mixed bag for gold and silver.
B. 4128 legislation that makes gold and silver coins legal tender in the state.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
The beige book and the ADP report could move the gold and silver markets Wednesday.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady as Fresh Fundamental Inputs Awaited
Instead, immediately after the news was released both gold and silver in Singapore went down.
The gold and silver bears still have the firm near-term technical advantage at present.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Firmer on Short Covering, Chart Consolidation
The weaker U.S. dollar index Tuesday also prompted fresh buying interest in gold and silver markets.
All you want to achieve by doing this is to secure both gold and silver.
Technical odds on Tuesday increased that near-term market lows are in place for gold and silver.
Gold and silver were initially higher this morning, but slipped as profit-takers cashed in.
FORBES: Swissie Slaughtered As Dollar Gains, Gold Gives Ground And Banks Banged Up
Both the gold and silver bulls gained fresh upside near-term technical momentum on Thursday.
One was a gold and silver fund that advertised connections to Russian farmland investments.
Such has also significantly improved the overall near-term technical postures of gold and silver.
Further weakness in crude oil prices would likely limit buying interest in gold and silver.
The U.S. dollar index is trading lower, which is also bullish for gold and silver Monday.
FORBES: Comex Gold Sharply Higher on Bargain Hunting, Short Covering, Lower U.S. Dollar Index
Crude oil futures prices are trading higher Tuesday, which is also bullish for gold and silver.
FORBES: Comex Gold Higher on Bargain Hunting, Weaker U.S. Dollar Index
Some near-term technical damage has been inflicted in the gold and silver markets this week.
The gold and silver bulls have gained fresh upside near-term technical momentum this week.
That includes gold and silver, which traditionally have been considered alternative investments to equities.
FORBES: FOCUS: U.S. Corporate Earning May Disappoint; Could Trip Up Stocks, Gold
Price deflation is the enemy of most markets, especially commodity markets and including gold and silver.
FORBES: Comex Gold Ends Higher amid Bullish "Outside Markets"
Thus, the world stock and commodity markets, including gold and silver, are feeling selling pressure Thursday.
FORBES: Comex Gold Lower, Hits 9-Week Low, Amid Bearish "Outside Markets"
As an investor, you can protect yourself against this hidden inflation via gold and silver.
As for scrap, there again is a contrast between gold and silver, said Newman.
FORBES: Gold Should Break $1,600, Silver Near $50 by Year End --GFMS' Newman
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