huntergatherer

Gold price: Hedge funds add 30% to bullish betsFebruary 21, 2014 Long positions – bets that the price will go up – held by so-called managed money increased by 8% to 140,840 lots in the week to February 18 according to Commodity Futures Trading Commission data released after the close of business on Friday. At the same time short positions were cut by 10,603 to just under 50,000, which translates on a net basis hedge funds holding 31% more bullish positions: net longs of 90,942 lots or 9.1 million ounces. Net longs jumped 17% in the week to February 11, CFTC data showed. Net longs fell to a paltry 26,700 lots in early December when shorts held by large investors peaked at more than 80,000 lots. That was the highest number of short positions since 2007, back when gold changed hands for $700 an ounce. http://www.mining.com/gold-price-hedge-funds-add-30-to-bullish-bets-81200/

Two 'outright' bears have second thoughts on 2014 gold price February 20, 2014 After a dismal 2013 that saw gold lose 28% in value and suffer the worst price performance in 32 years, few predict a big upswing this year. The median forecast for the fourth quarter 2014 of the nine gold analysts tracked by Bloomberg is for an average $1,165 an ounce gold price. And historically the most accurate among them see gold sub-$1,050. Gold averaged $1,411 in 2013. But gold's fight back this year – the spot price has gained 9.6% so far this year seems to have surprised a number of forecasters. http://www.mining.com/two-big-bears-have-second-thoughts-on-2014-gold-price-86457/

Silver price rally will be short-lived. Thursday , 20 Feb 2014 Silver prices have rallied 12% in February but, according to French bank, Natixis, the rally is likely to be short-lived. http://www.mineweb.com/mineweb/content/en/mineweb-silver-news?oid=230065&sn=Detail

Will Silver Price Drop to $10? Jun 19, 2013 http://www.marketoracle.co.uk/Article40971.html

Silver May Extend Drop as Bear Market Nears: Technical Analysis Mar 1, 2013 11:15 AM GMT The metal slid to $27.975 an ounce in London today, the lowest since Aug. 20. A close at $28.007 would be a 20 percent drop from Oct. 4, the common definition of a bear market. A slide below $28.26 in the next few days would mean the June 2012 trough of about $26.11 would “be back in play,” http://www.bloomberg.com/news/2013-03-01/silver-may-extend-drop-as-bear-market-nears-technical-analysis.html

Woman who stashed £1M gold http://www.dailymail...free-court.html Man with the golden gun http://www.dailymail.co.uk/news/article-2202763/Man-golden-gun-Gold-plated-AK-47-confiscated-arrest-Mexican-cartel-leader-hes-got-gold-bullets-too.html

Gold set for biggest weekly loss Saturday, October 13, 2012 http://www.dailytimes.com.pk/default.asp?page=2012%5C10%5C13%5Cstory_13-10-2012_pg5_23

Gold seized during inspection of collapsed lender 17.08.2012 11:07 http://www.thenews.pl/1/12/Artykul/109461,Gold-seized-during-inspection-of-collapsed-lender-Amber-Gold

US probe into bank manipulation of silver markets set to be dropped Monday 06 August 2012 Big trouble for little silver. http://www.telegraph.co.uk/finance/commodities/9455724/US-probe-into-bank-manipulation-of-silver-markets-set-to-be-dropped.html

1000 tonnes of silver could hit market over 90 days 20% or 48 tonnes (1.4 million ounces) of silver recovered so far. http://www.huffingtonpost.com/2012/07/18/ss-gairsoppa-shipwreck-38-million-silver_n_1683505.html#slide=1243147 http://news.discovery.com/history/biggest-treasure-yet-hauled-from-shipwreck-120718.html

'Urban mining' of precious metals now a rich prospect: study PARIS — "Deposits" of gold in electronic waste are around 50 times richer than ore mined from the ground, according to figures put forward by recycling experts on Friday. More than 320 tonnes of gold, worth more than $16 billion (13 billion euros), and 7,500 tonnes of silver, worth $5 billion, are used annually in electronic products, the report by the United Nations University and the Global e-Sustainability Initiative (GeSI) said. It suggested there are around 200 grammes (seven ounces) of gold in a tonne of circuit boards and 300 grammes (10.5 ounces) in a tonne of cellphones, compared with 5 grammes (0.17 ounces) in a tonne of ore. http://www.google.com/hostednews/afp/article/ALeqM5iZrZhergUFKEJpMjPwPwzuy9_y6g?docId=CNG.22f10d8bd159526c2b745a99cf7426f8.51

Big Move In Gold And Silver Imminent 7/02/2012 @ 12:54PM A big move in gold and silver is imminent according to traditional technical analysis. http://www.forbes.com/sites/greatspeculations/2012/07/02/big-move-in-gold-and-silver-imminent/

Silver’s split personality feeds steep price drop Metal’s set for biggest quarterly loss in almost four years June 29, 2012 “Silver had more froth in the price to work off versus other commodities,” after its “’bubble-esk’ run up in 2011, where it almost doubled over the course of three months,” said Elliott Orsillo, co-founder and portfolio manager at Season Investments LLC. Futures prices for silver (US:SIU2) peaked above $48 an ounce in April of last year. It traded above $37 at their peak this year so far. But after the September contract closed Thursday at $26.29, silver’s on track for its biggest quarterly loss in almost four years, down 19% quarter to date, according to data from FactSet Research, as of Thursday. That compares with a 7.2% decline in gold futures over the same period. http://articles.marketwatch.com/2012-06-29/markets/32458657_1_silver-prices-futures-prices-split-personality

Silver Price Could Crash to $18 on Liquidation Jun 22, 2012 - 07:27 AM Silver prices meantime sank to a 2012 low at $26.64 an ounce a 7.2% drop on last week's close. "We believe a break of $26.00 has the ability to trigger liquidation of silver with it looking for $18.00," says the latest technical analysis note from bullion bank Scotia Mocatta. http://www.marketoracle.co.uk/Article35279.html

Is Silver Currently Riskier Than Gold? Jun 15, 2012 2:45 pm The worst case scenario means silver between $13-$15. In the silver to gold ratio chart, we continue to see a clear confirmation of the breakdown below the long-term support line. Simply put, the outlook here is bearish. Summing up: Even though the fundamental picture for silver and the long-term case are bullish, the technical situation for silver is quite bearish at this time and its medium-term picture is more bearish than gold’s. http://www.minyanville.com/sectors/precious-metals/articles/precious-metals-gold-gold-price-price/6/15/2012/id/41771