A look at the Gold and Silver Charts (02.05.2025)

You Made your Bed_Ukraine_Ben Garrison cartoon
© Ben Garrison cartoon

Despite President Trump’s best efforts to bring peace between Russia and Ukraine, it would appear that neither party is in a rush to stop fighting.

In my opinion Russia still has unfinished ambitions and Zelenskyy is being coerced, paid or blackmailed into continuation of the war.

Sadly the incredible waste of life and suffering on both sides appears not to matter. I would love to know the truth, the real reasons why both parties insist on the continuous feeding of this horrific meat grinder.

It is certainly time for all the wars to stop. As human beings we are capable of settling these issues.

The deal with Ukraine is worrying. I understand that by doing this deal it puts more pressure on Russia.

The worry is that it seems to tie the US into continued support for Ukraine.

Buy: (15 April 2025). Currently a hold. Needs ignition.

$PLAT Platinium Continuous 2025-05-02

Buy: (10 April 2025) Performing well.

URA global X Uranium ETF 2025-05-02

BUY bitcoin versus gold (22 April 2025). Bitcoin continues to outperform gold.

$BTCUSD:$GOLD Bitcoin to US dollar/Gld CRYPT 02 May 2025

ETHUSD: BUY: 23 April 2025. ETH broke down. ETH has a potential buy signal, but not with great conviction. I am unhappy that it gives a buy and overbought simultaneously. That being said it does appear to be holding its gains.

$ETHUSD Ethereum to US Dollar 02 May 2025

BTCUSD: BUY: 21 April 2025.  NASDAQ (Cyan). The BTCUSD is still following the Nasdaq. Looking a little overbought.

$BTCUSD Bitcoin to US dollar CRYPT 02 May 2025

Gold stocks outperforming gold. (10 April 2025). After a Trump blip. No change indicated yet. Looking like an imminent reversal.

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index -NYSE 02 May 2025

Silver stocks outperform silver (09 April 2025). This is changing but needs a little more confirmation prior to changing the signal.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF 02 May 2025

Silver to Gold Ratio

Silver outperforming Gold. (Signal given 22 April 2025)  When we think that silver is coming out of the ground at about 8:1 something is way out of kilter.Silver is an astounding buy at this time or gold is in for an extremely heavy correction.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 02 May 2025

USD outperforms Gold, (28 April 2025).

$GOLD:$USD Gold - Continuous Contract (EOD) CME 02 May 2025
TodayLast Week
Gold Price$3,234.00$3,282.00
Silver Price $32.02$33.07
Gold:Silver ratio100.93:199.69:1
Gold Miners bullish percent index78.6782.14
Dollar Index99.6399.65
Dow:Gold Ratio (BahaUS 41,219.00 Gold price, $3,234.00)12.7512.13
Current USA inflation rate (Dept. of Statistics)2.4%2.8%

Gold’s low of the week was $3,201.00 and the high was $3,352.00, now trading at around $3,233.00.

  • Gold Monthly:  is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial.  No sell signal yet. (Chart below).
  • Gold Weekly:  (Buy 13 January 2025)   Overbought, looking good. No sell signals yet. Looking like a top. Spike high last week, expect a sell next week.
  • Gold Daily: (SELL 23 April 2025).

$GOLD Gold - Continuous Contract (EOD) CME0 02 May 2025

The low for Silver this week was $31.67 and the high $33.53  trading around $32.05 at present.

  • Silver Monthly: Hold. (Buy:  $24.00 March 2024). Weakening.  No sell yet. (Chart below). 
  • Silver Weekly: (BUY 14 April 2025). Looking slightly weak.
  • Silver Daily: SELL (1 May 2025).
$SILVER Silver - Continuous Contract (EOD) CME 02 May 2025

Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.

Goldback-official-distributor

On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only

An interview with Josh, owner of Scottsdale Mint:

Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.

If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview

This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.

Larry Simon
Larry Simon

Larry Simon was educated at the University of Witwatersrand, Johannesburg, South Africa and is an experienced businessman specialised in management, investment and finance.

Subscribe for the Latest News

Subscribe for the latest news and opinons about Gold, Silver, offshore vaulting and other industry information and opinion delivered right to your email inbox

SUBSCRIBE TO OUR NEWSLETTER

To receive industry news and updates​

“We provide a stable and expanding platform of physical and electronic security, technology, human structures and an ideal location that creates trust and resourceful solutions for our exacting wealth management clients.”

Fort Kobbe Panama

Copyright © 2020. All rights reserved Fort Kobbe Management, Corp.