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30 | 11 | 2017

Gold and silver moved sideways again in November.

>>>download (PDF, 261 kB)

 



31 | 10 | 2017

October was a flat month for both metals.

>>>download (PDF, 261 kB)

 



30 | 09 | 2017

After peaking in the first week of September, gold and silver fell in price, for the remainder of the month.

>>>download (PDF, 261 kB)

 



31 | 08 | 2017

August saw solid gains for both gold and silver.

>>>download (PDF, 261 kB)

 



31 | 07 | 2017

Both gold and silver rose for the month but didn’t break out of established ranges.

>>>download (PDF, 261 kB)

 



30 | 06 | 2017

After rallying at the start of the month, gold and silver fell in price.

>>>download (PDF, 261 kB)

 



31 | 05 | 2017

After dipping in price mid-month, gold and silver recovered to end the month essentially unchanged.

>>>download (PDF, 261 kB)

 



30 | 04 | 2017

April was a mixed month for gold and silver.

>>>download (PDF, 261 kB)

 




31 | 03 | 2017

Both gold and silver corrected in March, but finished the month hardly changed.

>>>download (PDF, 261 kB)

 



28 | 02 | 2017

Gold and silver continued their positive price trend in February.

>>>download (PDF, 261 kB)

 



31 | 01 | 2017

Both gold and silver had a positive start to the New Year. 

>>>download (PDF, 261 kB)

 



31 | 12 | 2016

Gold and silver appeared to be stabilising in price in December.

>>>download (PDF, 261 kB)

 



30 | 11 | 2016

Both gold and silver fell again in price this month.

>>>download (PDF, 261 kB)

 



31 | 10 | 2016

Both gold and silver fell significantly in price at the start of the month, only to find significant price support at the 200 DMA.

>>>download (PDF, 261 kB)

 



30| 09 | 2016

Both gold and silver moved sideways in September.

>>>download (PDF, 261 kB)

 



31| 08 | 2016

Silver and gold slipped slightly in price in August.

>>>download (PDF, 261 kB)

 



31| 07 | 2016

The trend was still up for gold and silver in July.

>>>download (PDF, 261 kB)

 



30 | 06 | 2016

Both gold and silver posted solid price gains in June.

>>>download (PDF, 261 kB)

 



31 | 05 | 2016

Both gold and silver corrected downward in price in May.

>>>download (PDF, 261 kB)

 



31 | 03 | 2016

Both gold and silver consolidated in price in March.

>>>download (PDF, 261 kB)

 



29 | 02 | 2016

Gold appears to have based and started an up-trend. The picture for silver is less clear.

>>>download (PDF, 261 kB)

 



31 | 01 | 2016

Gold and silver are basing at current price levels.

>>>download (PDF, 261 kB)

 



31 | 12 | 2015

Gold and silver moved essentially sideways in price in December.

>>>download (PDF, 261 kB)

 




30 | 11 | 2015

Both gold and silver fell significantly in November.

>>>download (PDF, 261 kB)

 



31 | 10 | 2015

Both gold and silver had a positive month in October.

>>>download (PDF, 261 kB)

 



31 | 9 | 2015

Gold and silver essentially moved sideways in September.

>>>download (PDF, 261 kB)

 




31 | 7 | 2015

Gold and silver fell significantly in price in July.

>>>download (PDF, 261 kB)

 



31 | 5 | 2015

Although gold moved sideways in May, silver managed a small gain.

>>>download (PDF, 261 kB)

 



30 | 4 | 2015

Gold and silver both moved sideways in April and ended the month with a downward bias.

>>>download (PDF, 261 kB)

 



31| 3 | 2015

Gold and silver both moved sideways in March.

>>>download (PDF, 261 kB)

 



31| 1 | 2015

Both gold and silver had a good month in January, with gold outperforming silver.

>>>download (PDF, 261 kB)

 



30| 11| 2014

Gold and silver essentially moved sideways in price in November.

>>>download (PDF, 261 kB)

 



31| 10| 2014

Gold and silver fell again in price in October.

>>>download (PDF, 261 kB)

 



30| 09| 2014

September saw significant price declines for gold and silver.

>>>download (PDF, 261 kB)

 



31| 08| 2014

Both gold and silver essentially went nowhere in price in August.

>>>download (PDF, 261 kB)

 



31| 07| 2014

Gold and silver moved lower in price in July.

>>>download (PDF, 261 kB)

 



30| 06| 2014

Gold and silver both made upward price reversals in June.

>>>download (PDF, 261 kB)

 



30| 05| 2014

Gold and silver closed at their monthly lows in May.

>>>download (PDF, 261 kB)

 



30| 04| 2014

Gold moved sideways in April and silver fell back to its cycle lows.

>>>download (PDF, 261 kB)

 



31| 03| 2014

Gold and especially silver fell in price in March.

>>>download (PDF, 261 kB)

 




28| 02| 2014

Gold and silver had another month of solid price gains in February.

>>>download (PDF, 261 kB)

 



31 | 01| 2014

Gold proved to be stronger than silver in January, with a month of solid gains..

>>>download (PDF, 261 kB)

 



31 | 12| 2013

Gold and silver essentially moved sideways in price in December with silver being the stronger of the two.

>>>download (PDF, 261 kB)

 



30 | 11| 2013

Gold and silver slipped in price in November..

>>>download (PDF, 261 kB)

 



31 | 10| 2013

Gold and silver essentially moved sideways in price in October.

>>>download (PDF, 261 kB)

 



30 | 09 | 2013

Both gold and silver fell in price in September..

>>>download (PDF, 236 kB)

 



30 | 08 | 2013

Gold and silver displayed similar technical pictures in August. However, the percentage price gain of silver in USD terms at 19.9% for the month was much higher than that of gold at 6.1%.

>>>download (PDF, 322 kB)

 



30 | 07 | 2013

Although gold and silver gained in price in July, with gold being the stronger performer, gold still lacked the momentum to break above its 50 DMA.

>>>download (PDF, 322 kB)

 


02 | 07 | 2013

Recent price movements in gold and silver have been extreme, but not unprecedented. For investors these movements have been, to say the least, a headache, for industrial users on the other hand, a boon. The question is, now what? Before we attempt to answer that question, we would like to go back to the seventies and look at gold price movements.

Gold started its last bull-market at 35 USD/toz in 1970 and proceeded to 194 USD/toz by the end of 1974, a gain of around 450%. Gold then corrected for around 20 months to 104 USD/toz, or one could say lost 46% of its value. Over the following four years, gold then rose to 850 USD/toz, for a gain of 720%.

Staying with gold, during the current bull-market gold has risen from 255 USD/toz in April 2001 to 1895 USD/toz in September 2011, a gain of 643%. Gold has corrected to 1192 USD/toz in June of 2013, or one could say has lost 37 % compared to its high. Is the correction over? Maybe, maybe not. All we know is that gold and silver are very much oversold on a monthly basis (gold has not been this much oversold during the current bull-market), therefore the time may now be ripe for industrial users and investors to consider purchases in gold and silver.

>>>download (PDF, 322 kB)

 


03 | 06 | 2013

Gold and silver lost further ground in May, but closed off their price lows.

>>>download (PDF, 322 kB)

 

 

02 | 05 | 2013

Gold and silver suffered the largest price-drop in April 2013 since the financial crisis of 2008.

>>>download (PDF, 322 kB)

 

 

02 | 04 | 2013

Silver was weak again in March with gold fairly stable around the 1600 USD/toz level.

>>>download (PDF, 283 kB)

 

 

01 | 03 | 2013

Both gold and silver fell significantly in price in February.

>>>download (PDF, 276 kB)

 

 

01 | 02 | 2013

Silver outperformed gold in January.

>>>download (PDF, 174 kB)

 

 

03 | 01 | 2012

Both gold and silver fell significantly in price in December.

>>>download (PDF, 156 kB)

 

 

03 | 12 | 2012

Both gold and silver increased in price in November.

>>>download (PDF, 174 kB)

 

 

01 | 11 | 2012

Gold and silver stalled at overhead resistance and corrected in price for the rest of the month in October.

>>>download (PDF, 155 kB)

 

 

01 | 10 | 2012

Gold and silver surged again in September, up to overhead resistance.

>>>download (PDF, 160 kB)

 

 

03 | 09 | 2012

Both gold and silver surged in price in August.

>>>download (PDF, 173 kB)

 

 

03 | 08 | 2012

Both gold and silver essentially consolidated in price in July.

>>>download (PDF, 161 kB)

 

 

02 | 07 | 2012

Gold and silver remained below their long-term uptrends in June.

>>>download (PDF, 174 kB)

 

 

01 | 06 | 2012

After falling in price in the first half of May, gold and silver stabilised for the remainder of the
month.

>>>download (PDF, 166 kB)

 

 

01 | 05 | 2012

Gold appeared to be basing in April and silver drifted lower in price.

>>>download (PDF, 158 kB)

 

 

02 | 04 | 2012

Both gold and silver drifted down in price in March.

>>>download (PDF, 159 kB)

 

 

01 | 03 | 2012

Gold and silver displayed strong upward price movement in February.

>>>download (PDF, 155 kB)

 

 

01 | 02 | 2012

Gold and silver prices rebounded in January from the significant correction of the previous month.

>>>download (PDF, 186 kB)

 

 

01 | 01 | 2012

Gold and silver prices were hammered down in December.

>>>download (PDF, 170 kB)

 

 

02 | 12 | 2011

November proved to be another month of price consolidation for both gold and silver.

>>>download (PDF, 168 kB)

 

 

01 | 11 | 2011

After consolidating in price for several weeks, both gold and silver rose in price towards the end of October.

>>>download (PDF, 167 kB)

 

 

03 | 10 | 2011

Both gold and silver corrected significantly in price in September.

>>>download (PDF, 161 kB)

 

 

01 | 09 | 2011

Gold made new price highs in all currencies in August, corrected and ended the month consolidating its gains. Silver spent most of August in consolidation mode.

>>>download (PDF, 160 kB)

 

 

08 | 08 | 2011

Both gold and silver experienced solid price gains in July. Whilst gold made new price highs, silver lagged somewhat.

>>>download (PDF, 189 kB)

 

 

01 | 07 | 2011

Both gold and silver spent most of June consolidating in price with a downward bias.

>>>download (PDF, 154 kB)

 

 

06 | 06 | 2011

Both gold and silver corrected significantly in price in May, however, their long-term price trends remain positive.

>>>download (PDF, 153 kB)

 

 

02 | 05 | 2011

Both gold and silver appreciated considerably in price in April in USD, but less so in EUR terms.

>>>download (PDF, 164 kB)

 

 

05 | 04 | 2011

Whilst gold struggled to gain in price in March, silver moved to a new high for the current bull-market.

>>>download (PDF, 154 kB)

 

 

07 | 03 | 2011

Gold and silver displayed strong upward price movement in February.

>>>download (PDF, 156 kB)

 

 

02 | 02 | 2011

Both gold and silver spent all of January correcting in price.

>>>download (PDF, 221 kB)

 

 

11 | 01 | 2011

Strong price action for both metals was observed in December 2010.

>>>download (PDF, 226 kB)

 

 

01 | 12 | 2010

Once again, as in October, new highs for gold and silver in November were followed by a price correction.

>>>download (PDF, 161 kB)

 

 

01 | 11 | 2010

New highs for gold and silver in October were followed by a price correction.

>>>download (PDF, 159 kB)

 

 

01 | 10 | 2010

Once again, both gold and silver had a strong month and moved into over-bought territory on the daily charts.

>>>download (PDF, 164 kB)

 

 

21 | 09 | 2010

Both gold and silver had strong months in August and looked poised to testing previous highs at the end of the month.

>>>download (PDF, 179 kB)

 

 

06 | 08 | 2010

Both gold and silver had a poor month in July, falling in price for most of the month.

>>>download (PDF, 158 kB)

 

 

01 | 07 | 2010

Gold had another strong month in June as silver struggled higher in price.

>>>download (PDF, 488 kB)

 

 

01 | 06 | 2010

Gold ended May on a strong note, silver however appeared to be weaker.

>>>download (PDF, 166 kB)

 

 

03| 05 | 2010

Gold broke upwards out of price consolidation in April and silver was close to doing so as the month ended. Both metals made new price highs in all currencies in the current bull market, except for the price measured in USD.

>>>download (PDF, 217 kB)

 

 

01 | 04 | 2010

Both gold and silver consolidated in price in March with silver showing a strong upward bias.

>>>download (PDF, 174 kB)

 

 

01 | 03 | 2010

Both gold and silver moved above their short-term downtrends in February.

>>>download (PDF, 160 kB)

 

 

01 | 02 | 2010

Gold and Silver corrected further in price in January and found support, technically exactly where they should have.

>>>download (PDF, 160 kB)

 

 

04 | 01 | 2010

Gold and Silver corrected in price in December.

>>>download (PDF, 156 kB)

 

 

02 | 12 | 2009

Both gold and silver displayed strong upward price movement in November. At the time of writing, both precious metals were overbought, but in bull-markets, things can stay overbought for longer than one might think.

>>>download (PDF, 184 kB)

 

 

03 | 11 | 2009

Steady upward price movement for gold in October contrasted with sideways movement for silver.

>>>download (PDF, 177 kB)

 

 

04 | 10 | 2009

Gold broke out of a multi-month correction in September and silver followed gold upwards in price!

>>>download (PDF, 169 kB)

 

 

01 | 09 | 2009

Gold and silver consolidated in price in yet again in August!

>>>download (PDF, 627 kB)

 

 

03 | 08 | 2009

Gold and silver consolidated further in price in July, with a moderate upward bias.

>>>download (PDF, 180 kB)

 

 

01 | 07 | 2009

Gold and Silver spent most of June correcting in price, though gold appeared to be stabilising towards the end of the month.

>>>download (PDF, 170 kB)

 

 

08 | 06 | 2009

A significant price rally for both gold and silver took place in May.

>>>download (PDF, 169 kB)

 

 

04 | 05 | 2009

April saw jet another month of price consolidation for both gold and silver.

>>>download (PDF, 179 kB)

 

 

01 | 04 | 2009

March saw a month of price consolidation for gold and silver.

>>>download (PDF, 156 kB)

 

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04 | 03 | 2009

Gold and silver started to correct in price towards the end of February.

>>>download (PDF, 153 kB)

 

 

03 | 02| 2009

Yet again, gold and silver finished another good month in a technically strong position.

>>>download (PDF, 205 kB)

 

 

08 | 01| 2009

Both gold and silver had another positive month in December 2008.

>>>download (PDF, 157 kB)

 

 

01 | 12| 2008

Gold had a positive month in November but silver essentially moved sideways in price.

>>>download (PDF, 167 kB)

 

 

03 | 11| 2008

Three closes below the 65 WMA indicate that either the bull-market in gold is over, or that a medium term correction has started which could last a long time. The fortunes of silver are tied to gold.

>>>download (PDF, 159 kB)

 

 

01 | 10| 2008

Both gold and silver dived again in price in September. By the end of the month gold had staged a strong recovery.

>>>download (PDF, 178 kB)

 

 

09 | 09| 2008

August proved to be a dramatic month for the precious metals markets. Buyers had the opportunity to purchase gold and silver at the lowest prices of the year (so far?). Sellers were obviously less enthralled by the prices received. The question was asked, if the bull-market was over? We doubt it, however technical signs were mixed.

>>>download (PDF, 227 kB)

 

 

04 | 08| 2008

Both gold and silver broke out of price consolidation in July, only to fall back into their trading bands by the end of the month.

>>>download (PDF, 167 kB)

 

 

01 | 07| 2008

Although still in correction mode in June, both gold and silver finished the month on a positive note.

>>>download (PDF, 160 kB)

 

 

02 | 06| 2008

Although the initial downtrend lines were broken by gold and silver in May, the price correction continued.

>>>download (PDF, 151 kB)

 

 

06 | 05| 2008

The price corrections, which started in late March for gold and silver continued in April.

>>>download (PDF, 155 kB)

 

 

08 | 04| 2008

After making new price highs for the current bull-market, gold and silver started price corrections in the latter part of March.

>>>download (PDF, 138 kB)

 

 

03 | 03| 2008

As in January, gold and silver gained significantly in price once again in February.

>>>download (PDF, 136 kB)

 

 

11 | 02| 2008

Gold and silver gained significantly in price in January.

>>>download (PDF, 150 kB)

 

 

04 | 01| 2008

Gold and silver broke out of their price consolidation patterns in December, raising the prospect of higher prices in January 2008.

>>>download (PDF, 138 kB)

 

 

03 | 12| 2007

After making new highs for the current bull market in November, gold and silver closed at their price lows for the month, after the USD staged a mild recovery.

>>>download (PDF, 166 kB)

 

 

02 | 10| 2007

Once again, gold registered significant price gains in October. Silver struggled to break higher in price.

>>>download (PDF, 139 kB)

 

 

03 | 10| 2007

Gold broke out to new highs for the current bull market in September. Although silver surged in price as well, more work remains to be done before a price breakout occurs.

>>>download (PDF, 189 kB)

 

 

03 | 09| 2007

Gold was undoubtedly the stronger metal in August. Silver broke below it’s long-term price trend, but this may not necessarily be the end of the bull-market.

>>>download (PDF, 156 kB)

 

 

06 | 08| 2007

Gold and silver increased in price in July, but were also caught up in the volatility experienced by financial markets in general.

>>>download (PDF, 154 kB)

 

 

03 | 07| 2007

Gold and silver weakened in price in June and both approached long-term price supports.

>>>download (PDF, 147 kB)

 

 

01 | 06 | 2007

Both gold and silver continued in short-term downward price trends in May. However, at the end of the month both metals looked like a rally in price was in progress.

This months report contains lots of interesting gold and silver news.

>>>download (PDF, 160kB)

 

 

02 | 05 | 2007

Although gold performed better than silver in April, both metals ended the month on a weak note, in short-term downtrends.

>>>download (PDF, 159kB)

 

 

02 | 04 | 2007

After significantly correcting in price at the start of the month, both gold and silver ended March consolidating in price with gold stronger than silver.

>>>download (PDF, 251kB)

 

 

01 | 03 | 2007

Both gold and silver gained in price in February. However the general correction in equity markets at the end of the month also prompted gold and silver to be sold and thus the technical picture became mixed.

>>>download (PDF, 161kB)

 

 

01 | 02 | 2007

Solid upward price movement for gold and silver in January could see both metals attempting to achieve the highs of 2006 going forward. The month saw lots of interesting and important news for the gold market.

>>>download (PDF, 162kB)

 

 

04 | 01| 2007

Gold and silver spent most of December consolidating in price; any USD weakness could see both metals move up significantly in the January/February period.

>>>download (PDF, 218kB)

 

 

01 | 12| 2006

Gold and silver made significant price gains in November and from a technical point of view both metals could move higher going into December and January. This typical seasonal pattern was last displayed in December 2005/January 2006.

>>>download (PDF, 149 kB)

 

 

02 | 11| 2006

After a weak start, gold and silver spent most of October rising in price. Technical indicators are signalling, that the price corrections in both metals, which started in spring, have probably come to end and we should expect higher prices going forward.

>>>download (PDF, 153 kB)

 

 

02 | 10| 2006

Gold and silver could not break out above price resistance at the start of September and fell back in price to their respective 200 DMA, which provided a base.

>>>download (PDF, 148 kB)

 

 

01 | 09 | 2006

Gold drifted down in price in August, but remained within the confines of a large triangle, which should soon be tested. Technical indicators point to an upward break in price. As anticipated silver moved above resistance at the beginning of August and settled into the 11.80 to 12.50 USD/oz range. At the end of August silver broke out of this range. Three closes above resistance are usually needed to confirm a break, should this occur, there is not much in the way of a test of the highs seen in May 2006!

>>>download (PDF, 198 kB)

 

 

02 | 08 | 2006

Gold and silver consolidated further in price in July, however as the month drew to a close, both metals showed positive technical trends and looked set to move higher. Any USD weakness going forward could send gold and silver in pursuit of higher price levels, as seen in May 2006.

>>>download (PDF, 144 kB)


© Johnson Matthey 2013