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What will out perform this year – Silver or Gold?

August 14, 2014

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Discussion
39 Comments
    Aug 14, 2014 14:43 AM

    Yes Al – gut feeling says gold significantly up by the Fall.

      Aug 14, 2014 14:06 PM

      Gotta be a black swan or three flying in to upset the Fed’s best laid plans.

    Aug 14, 2014 14:45 AM

    IMO…silver will outperform.

    Aug 14, 2014 14:47 AM

    Why don’t your guests talk about crude oil?

      Aug 14, 2014 14:44 PM

      We will be covering the movements in crude on the weekend show with Chris Temple and Sean Brodrick.

    Aug 14, 2014 14:00 AM

    Silver weekly sucks.
    Silver daily bottom.
    the good boys and girls at banks and brokerages will make their year’s savings in the first week back to work after Labour Day in Canada.
    We have to see if silver and gold can rally here in the next three weeks before D day but make no mistake,they will determine what happens to the metals prices.

      Aug 14, 2014 14:49 PM

      It would be great to see gold and silver move significantly higher in the next couple weeks. I am not confident they will but as long as they do not drop hard I think that will be just fine moving into fall.

    Aug 14, 2014 14:30 AM

    v.fmg will out perform both.

    Aug 14, 2014 14:34 AM

    Newmont is moving because it is operating more efficiently and constant Barrick merger talk and it was not keeping up to other majors since 2013. It was just a matter of time.

      Aug 14, 2014 14:50 PM

      I quite like what Newmont has been doing to get costs under control. Your comment is spot on Peter.

    Aug 14, 2014 14:53 AM

    SLW and PAAS fell on news. The weekly chart for gold:silver does look decent for gold, but the daily chart shows gold running out of steam and reversing soon. I think the GSR might hit 67-68, but that’s about it.

      Aug 14, 2014 14:20 PM

      Agree.

    Aug 14, 2014 14:05 PM

    There is a theory that they depress the price of silver paper to help depress the price of Gold paper. I guess that works untill it does not. In my opinion the myth of paper being fungible with metal has to be discredited before we have price discovery for real metal and part of that includes asking owners of metal how much do they want for their silver or gold.

      Aug 14, 2014 14:53 PM

      You are right Steven. Unfortunately the traders and big players can control the paper markets far more than the physical markets. Which means they make money and we are all left scratching our heads. Hopefully one day that will change.

        Aug 15, 2014 15:54 AM

        If they want the physical we will have to refuse their paper price and charge them what we want. Give the bastards an invoice. Paper is not metal Cory.

    Aug 14, 2014 14:35 PM

    Gold is the driver, silver is an industrial metal, it has yet to find it’s wheels and solar will not be that important in this outlook. What does Jim Roger’s say look into the future and I see how gold will be valued to act as a fuse for fiat currency.

    The trouble with silver and to a lesser extent with platinum is their industrial use. MIT and other universities are making breakthroughs in replacing many metals with industrial applications but gold so far has alluded them.

      I am putting out my ……………SILVER GERM ELIMINATOR ALERT…….,,,,SILVER is great for the reduction and transmission of disease…………….where as platinum is great for the reduction of emission of diesel………………..

        I know silver eliminates germs………I have not has a cold in ten years….., must be the silver dust under my fingernails…………

          Aug 14, 2014 14:53 PM

          You are starting to sound like Howard Hughes, I guess Al was right.

            The SPRUCE GOOSE…….AND OWLS ON A WING……were parked side by side, his flew, and mine is at the bottom of the bay.(silver overload)

            Aug 14, 2014 14:15 PM

            Jerry, Hollywood loves a man who comes from nothing makes it big and then loses all because of a tragic flaw. (fingernails)

            But, I bet they like it when you claw(fingernail) your way back

    cmc
    Aug 14, 2014 14:33 PM

    My antenna is sniffing too many expecting gold to move higher in the Fall. That does not give my contrarian bone a good feeling about going long gold right now.

    Aug 14, 2014 14:28 PM

    The big move will still take a lot more time – maybe 2 years. Range bound for the long term. Gold will move when no one sees it coming and everyone has given up.
    There appears to be too much optimism.

      Aug 14, 2014 14:12 PM

      That’s because you’re too close to the “optimism”; right in the middle of it, in fact, since you visit sites such as this, so naturally you’re going to believe it’s “everyone”. It ISN’T!

    Aug 14, 2014 14:28 PM

    Doc any price targets on GDXJ and gold itself for lowest point before turn around?

      Aug 15, 2014 15:16 AM

      Stewie, we’ll see $24.75 at least on the GDX. GDXJ will move down with GDX. When GDX gets down to my level, I’ll be able to tell you what I think will happen from there. Hope this helps. Doc.

    Aug 15, 2014 15:50 AM

    It looks like metals are being trashed this morning. This is not an accident it is being done on purpose.

    Jay
    Aug 15, 2014 15:27 AM

    Is that humble pie for breakie this morning Al? 😉 doc n gary got you here

    FRIDAY………..LONDON FIX GONE………………….NY FIXED THE PROBLEM

    reo
    Aug 15, 2014 15:20 AM

    Now the predictions of a BIG FALL RALLY in the precious metals start. As they have been every year since 2011 and every year WRONG down down down. And all the gold bugs will be wrong again this year

      Aug 15, 2014 15:36 AM

      From late June to late August, GDXJ rallied 66% last year. So it didn’t keep going in the fall —big deal.
      The technicals look far better this time, especially for the juniors.

      I love being wrong………….it is like making sales calls………knock on 13 doors,,,,12 people say no……..then finally,,,someone says yes…….and you make a whole lot of money…..But, that is why, 10% of the great salesmen, make 90% of the money….