The News UNIT's GOLD and SILVER analysis

GOLD and SILVER forecast for MARCH 2014

(I should charge a fee for this but I choose to do it gratis)

Unfortunately I cannot do a video right now to explain this further however my own UNOFFICIAL and AMATEUR TECHNICAL ANALYSIS is DRAWN BELOW.

DISCLAIMER:  I can neither confirm nor deny the accuracy of any of this...ask Tacos his take on the matter...

MARKET SYNOPSIS and ADDITIONAL COMMENTS

by The News UNIT

At this point in the markets we are as always charting projections into UNCHARTED TERRITORY.  That is always the case and it is a very difficult prediction to dive into absent direct knowledge from the insiders who inhabit the halls of Congress, the White House, Wall Street, and the Federal Reserve.  However this does not mean that we cannot come to some REASONABLE ACCURACY on MARKET TRENDS and EXPECTATIONS and to benefit at times from these projections.  Obviously these observations and expected trends are subject to violent changes due to the world markets being easily news driven from mainstream media sources and especially here in America from any announcements by the Federal Reserve Bank.  Markets are also driven by advanced computer driven high frequency algorithms which further complicate matters as they are highly reactive and easily modulated by all manner of news announcements. 

Right now it seems the general sentiment of the short term trends includes a bullish outlook on the U.S. STOCK INDEXES pushing them up again to test the general rising channel of 2013 and early 2014.  The recent pullback that started on January 23 has now reversed as of February 5th and we are now setting our attention toward the record breaking highs of the THREE PRIMARY U.S. INDEXES as shown below:

DJIA                 16588.25

NASDAQ           4246.55

S&P500             1850.84

Although there is not complete certainty whether we will see a return to these levels it must be noted that the current financial backing of our economy through the Federal Reserve's intervention is proving their ability to move the market higher as the powers that be buy the stock market (however they do it behind the scenes) and push the equities much much higher.  

Regarding the usual GOLD and SILVER fetish it does look like this sector will also push higher for no apparent reason of an inflationary catalyst, but for the simple fact that that sector has been suggested to be oversold and enormous amount of GOLD and SILVER interest is spreading now worldwide.  Mining stocks are also showing some robust upside from recent lows and are beginning to make a push off the bottom.  This sector needs careful monitoring however as it is easily modulated by news but at present time it seems that any news now is simply benefiting more long interest and will continue to push prices higher.   (SEE THE CHART ABOVE)

There is a unique development in my opinion involving various high end technologies that are being introduced to change the course of this world into a giant computer driven lifestyle known as "the internet of everything."  This has been shared by many at the recent World Economic Forum in Davos but not as well reported by mainstream media.  How do I know this?  Because I have listened to various conference calls during the earnings season to learn what is going on by careful listening.

It is the opinion of this writer that we may be entering a new DOT COM STYLE BUBBLE with technological advancements that create a certain amount of confidence in new companies to push these markets much higher.   With that of course comes a certain amount of caution and investors are looking for safe haven assets such as GOLD and SILVER which are also to be in high demand during these expanding global electronic and technological innovations.

RELATED LINKS:
http://thenewsunit.blogspot.com/2014/02/turd-ferguson-expects-1500-gold-in-2014.html 

http://thenewsunit.blogspot.com/2014/02/metals-and-mining-stocks-start-to-rise.html 

http://thenewsunit.blogspot.com/2014/02/gold-moves-into-safe-haven-status.html 

http://thenewsunit.blogspot.com/2014/02/gold-price-likely-rise-to-2000-and.html 

http://thenewsunit.blogspot.com/2014/02/gold-and-silver-prices-and-coming-short.html 

...developing...