{"id":41494,"date":"2018-12-09T13:21:16","date_gmt":"2018-12-09T18:21:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41494"},"modified":"2018-12-09T13:21:16","modified_gmt":"2018-12-09T18:21:16","slug":"gold-silver-prices-rise-as-the-markets-oil-decline","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41494","title":{"rendered":"Gold & Silver Prices Rise As The Markets & Oil Decline"},"content":{"rendered":"
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Gold & Silver Prices Rise As The Markets & Oil Decline<\/a><\/h3>\n<\/header>\n
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Over the past week, the gold and silver prices have held up rather well compared to the overall markets.\u00a0 While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the metals continue to be very resilient during large market corrections.<\/p>\n

Now, I am not saying that the metals prices cannot fall any lower, but a lot of the leverage in the gold and silver market has already been removed and is now at a near all-time low.\u00a0 So, even though we could see weaker precious metals prices, the overwhelming leverage and bubble asset prices are in the stock and real estate markets.<\/p>\n

Furthermore, one of the reasons precious metals investors still fear that a major selloff is imminent\u00a0is that they are using the 2007-2008 economic market meltdown as a guideline.\u00a0 However, when gold and silver prices were plummeting from their highs in 2008, along with the rest of the market, speculators held huge long positions while the commercials controlled an enormous number of short contracts.<\/p>\n

If we look at the following Gold Hedgers Chart, we can clearly see that the market setup today is the exact opposite of what it was in 2008<\/strong>:<\/p>\n

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When gold was trading near $1,000 in early 2008, the commercial banks held a\u00a0record high of 252,000 net short contracts compared to the present gold price of $1,222 (time of chart), with the commercials only holding 16,000 net short contracts.\u00a0 The commercial short positions are shown by the blue line.\u00a0 Thus, the higher the commercial short positions, the lower the line goes and the lower the number, the higher the line moves.\u00a0 Currently, the gold price and commercial net short positions are both at the near lows.\u00a0 Also, the speculator net long positions are close to their lows as well<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold & Silver Prices Rise As The Markets & Oil Decline Over the past week, the gold and silver prices have held up rather well compared to the overall markets.\u00a0 While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1849,374,3622,2245,592,595,647,730,12073],"class_list":["post-41494","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-financial-markets","tag-gold","tag-gold-price","tag-oil-market","tag-oil-price","tag-oil-production","tag-precious-metals","tag-silver","tag-srsrocco-report"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41494"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41494\/revisions"}],"predecessor-version":[{"id":41495,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41494\/revisions\/41495"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}