When investing in any market, a good way to judge price movement in the future is to learn from the past.
Investing Guru - Peter Lynch was quoted saying, "Investing without research is like playing stud poker and never looking at the cards."
The charts and bullion news links on this page are largely devoted to the precious metals market during the 2nd Quarter of 2013.
However, there are also articles about the general direction of the financial markets and current events that affected the market during the quarter.
Below the precious metals spot price charts, there is also, Commentary from the Professionals in the Precious Metals and Currency Markets.
The financial news links and videos posted below the Palladium Spot Price Charts were posted on the homepage, during the 2nd quarter of 2013.
The charts below are provided courtesy of www.stockcharts.com.
Gold Price Chart (July. 1st, 2011 - June 30th, 2013)
In the 2nd Quarter of 2013, Gold's spot price chart saw nothing but
new lows. Shortly after the 2nd Quarter began, Gold's price fell below
its support level, falling $200 below the $1520.00 level.
Once Gold's price fell below this key support level, it became a key resistance level.
What was once a price level that helped keep the price of gold above a certain price, now serves as a major resistance level for Gold's price, to break.
At the end of the quarter Gold's price hit a 3 year low of $1179.40.
This may be a signal that a bottom was finally reached after two years of peaks and valleys in the gold price chart.
Furthermore, the upper indicator, the RSI, and the bottom indicator, the MACD, are both bottoming out.
Gold Price Chart (Apr. 1st, 2013 - June 30th, 2013)
Gold Price Chart (July. 1st, 2012 - June 30th, 2013)
This last Gold Chart below, is a 25year historical gold chart from barcharts.com
For those of you who follow the Guide's News Updates on the homepage, you are aware that the guide daily posts different chart technicians analysis of the precious metals.
In the chart below, I drew two trend lines. The bottom green line represents a line that some chart technicians are currently commenting on.
Some of these chart technicians are expecting gold's price to still meet this line before it heads upwards and truly starts its bull market again, for example, see the following article: One Thing Needs to Happen Before Precious Metals Start to Rally Again.
However, I drew the upper blue line to show that the current price drop matches directly with the very start of the gold bull market in back in late 1999.
The blue trend line also touches gold's peak price in 2006, and
it's consolidation periods in 2008 & 2009.
Gold Price Chart (1988 - 2013 - 25year gold chart)
Currently, Gold is still in a corrective, down trend, so I have drawn two red lines to represent the absolute bottoms that many chart technicians are paying attention to.
The top red line represents the retracement price that many technicians expected gold to hit before the price turns bullish again. The bottom red line represents the March 2008 high. It touched this price just before the banking crises of 2008. Here is a good definition of a "Retracement from Investopedia.com.
Unfortunately, only time will tell which trend line gold's price will stop at before it starts into its next bull market. Which the fundamentals behind the precious metals markets tell us is only inevitable.
Silver Price Chart (July. 1st, 2011 - June, 30th, 2013)
Like Gold, Silver also price fell after the 2nd quarter of 2013 started.
Silver like gold fell through it's more than 2year support price of $26.00.
Furthermore, once the silver price fell through this support level, this level became a major resistance that may be hard for silver to overcome.
During the quarter silver's price cascaded down, with limited buying.
The one positive note to make about silver price happened on the second to last day of the quarter, when its price touched $18.17 on light volume.
price popped up more than $1.00 on the last day of trading, on positive
volume. In addition, the upper indicator, the RSI, was starting to indicate that the silver price was climbing out of its oversold region.
Silver Price Chart (Apr. 1st, 2013 - June 30th, 2013)
Silver Price Chart (July 1st, 2012 - June 30th, 2013)
Platinum Price Chart (July 1st, 2011 - June 30th, 2013)
Platinum, like silver and gold, broke its longtime support level in
the 2nd qtr of 2013, however, platinum didn't cross its support line
until late in quarter unlike Gold and Silver which did it early in the
Also like silver and gold, platinum's price has been generally tracking sideways for the past two years until it broke below it support level.
But like silver, at the very end of the quarter, Platinum's upper indicator, RSI, and lower indicator, MACD, both were showing signs that the precious metal was oversold and its price would be turning in a positive direction.
Platinum Price Chart (Apr. 1st, 2013 - June 30th, 2013)
Platinum Price Chart (July. 1st, 2012 - June 30th, 2013)
Palladium Price Chart (June 1st, 2011 - June 30th, 2013)
Palladium price was the one precious metal anomaly in the 2nd quarter of
2013, but not because it didn't hit a low by the end of the quarter, it
It was an anomaly because it came nowhere near breaking below its support price level, at $535.00.
Palladium's price swung low early in the month, then swung upward and came close to breaking its 2013 high of $788.45.
But it too plummeted, at the end of the quarter, below its prior 2nd quarter of 2013 low of 647.50.
In addition, like Platinum and Silver, Palladium's RSI (upper indicator) was also showing the precious metal was oversold indicating a possible positive future.
Palladium Price Chart (Apr 1st, 2013 - June 30th, 2013)
Palladium Price Chart (July 1st, 2012 - June 30th, 2013)
The charts above are provided courtesy of www.stockcharts.com.
The Quarterly News starts with the end of the quarter articles, first.
Below, you will see Headlines without links, the link was removed because it stopped working from its original source.
Furthermore, these Headlines have been kept on the page for relevancy.
For the Best Bullion Market News...
Last Ledger Entry 08/11/2016