Weekly Chart Buy Signals were generated by my computer trading program for both the Gold and Silver ETF's at Friday's close, January 3rd. Please see the actual charts as attached below.
Here are Friday's closing prices in the most popular Gold and Silver ETF's as compared to the panic intra-day lows as posted on Tuesday, December 31st:
Panic
Intra-day Low Closing Price
12/31/13 01/03/14 Change
Gold ETF (Symbol GLD) 114.46 119.29 +4.22%
Silver ETF (Symbol SLV) 18.26 19.42 +6.35%
And here is the latest available physical Gold/Silver coin sales data for the full year 2012 and 2013 from the U.S. Mint:
Gold
2013 Full Year sales of Gold coins 856,500 oz.
2012 Full Year sales of Gold coins 753,000 oz.
Year-over-year Sales Increase +13.75%
Silver
2013 Full Year of Silver coins 42,675,000 oz
2012 Full Year of Silver coins 33,742,500 oz
Year-over-year Sales Increase +26.47%
Connecting America through Coins
Bottom Line: Despite all the negative talk about gold and silver prices for most of 2013 and so far in early 2014, investor purchases of gold and silver coins from the U.S.
Mint remains strong. China, of course, is the biggest wild card in any forecast for gold/silver prices ahead, but I remain convinced that the best trade in 2014 will be the long side for gold/silver mining stocks.
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| Gold ETF (GLD) Weekly Bar Chart with Computer Generated Buy & Sell Signals |
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| Silver ETF (SLV) Weekly Bar Chart with Computer Generated Buy & Sell Signals |
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