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Thursday, July 23, 2015

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Gold at a Long Term Trendline

Posted: 23 Jul 2015 11:40 AM PDT

50 Years Ago Today US Government Debased Silver Coinage

Posted: 23 Jul 2015 11:00 AM PDT

Today, July 23, 2015 marks the 50th anniversary of the debasement of United States' coinage.   Submitted by GoldSilverBitcoin: The Coinage Act of 1965 debased the coinage of silver from the dimes and quarter dollars and diminished the silver content of the half dollar from 90% to 40% before it, too, lost all of its […]

The post 50 Years Ago Today US Government Debased Silver Coinage appeared first on Silver Doctors.

New York Times Reports – “Fannie and Freddie are Back, Bigger and Badder Than Ever”

Posted: 23 Jul 2015 10:00 AM PDT

Just in case you still harbored any doubt that absolutely zero lessons were learned from the cataclysmic financial collapse of 2008/09, we learn from the New York Times that:   Submitted by Michael Krieger, Liberty Blitzkrieg: AFTER the financial crisis of 2008, there was one thing that almost everyone agreed on. The government-sponsored mortgage giants, Fannie […]

The post New York Times Reports – "Fannie and Freddie are Back, Bigger and Badder Than Ever" appeared first on Silver Doctors.

Gold rout could turn into stampede out of commodity investment

Posted: 23 Jul 2015 09:54 AM PDT

World's largest mining companies are running out of options as commodities slump tipped to deepen






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GOLD Crosses Critical Technical Indicator

Posted: 23 Jul 2015 09:45 AM PDT

nasdaq

CHARTS : Gold Looks Like a Textbook Short

Posted: 23 Jul 2015 09:45 AM PDT

bloomberg

Gold Flash Crash Dissected: Dollar/Gold Cobasis Reveals Cause for Gold’s SMASH

Posted: 23 Jul 2015 09:00 AM PDT

When the red and green lines on the dollar/gold basis/cobasis chart below move together like this, it means the price change is caused by speculators in the futures markets, who are repositioning.  In this case, obviously, they're selling. It is of note that the fundamental price of gold moved up $5 this week.  It's now […]

The post Gold Flash Crash Dissected: Dollar/Gold Cobasis Reveals Cause for Gold’s SMASH appeared first on Silver Doctors.

Gold Prices Fail at $1100 Again, Silver Firmer, as Clear Bear Market Explained by Established Arguments

Posted: 23 Jul 2015 08:22 AM PDT

Bullion Vault

Former Treasury Official Explains the True Motive Behind The Iran Nuclear Treaty

Posted: 23 Jul 2015 08:00 AM PDT

I would still stand by my assertion that gold will be restored as the world's "base" currency, however I now am nearly certain it will never have that chance before a world war erupts – a world war that will likely take humanity back to the Stone Age…   Submitted by PM Fund Manager Dave […]

The post Former Treasury Official Explains the True Motive Behind The Iran Nuclear Treaty appeared first on Silver Doctors.

Shock Report: China Dumps Half a Trillion Dollars: “Something Is Very, Very Wrong”

Posted: 23 Jul 2015 07:30 AM PDT

Forget about what stock markets are doing because that is just a diversion…   Submitted by Mac Slavo, SHTFPlan: We've recently reported that China is preparing for something very big in currency markets this October. We then learned that economic models from two very well known financial forecasters are predicting that governments around the world will run into […]

The post Shock Report: China Dumps Half a Trillion Dollars: "Something Is Very, Very Wrong" appeared first on Silver Doctors.

Eric Sprott: “I Haven’t Lost any Conviction” on Gold and Silver

Posted: 23 Jul 2015 07:25 AM PDT

The demand numbers I've seen are way beyond the supply.  I think that Western central banks surreptitiously make up the missing supply and that someday they're going to look in the cupboard and realize that it's bare. So far, everyone in the press is downplaying gold but I haven't lost any conviction whatsoever. Submitted by […]

The post Eric Sprott: “I Haven’t Lost any Conviction” on Gold and Silver appeared first on Silver Doctors.

Gold Smash Leads to Surge in Demand For Coins, Bars Around World

Posted: 23 Jul 2015 06:53 AM PDT

The manipulative smash on the gold price on Sunday night has once again led to a surge of buying of gold coins and bars across the globe. Both the Wall Street Journal and Reuters report on how bullion dealers are seeing a spike in demand for gold coins and bars in  India and China and […]

The post Gold Smash Leads to Surge in Demand For Coins, Bars Around World appeared first on Silver Doctors.

Top analyst: Why you should wait to buy gold stocks right now

Posted: 23 Jul 2015 05:13 AM PDT

From Steve Sjuggerud, Editor, True Wealth:

“Perhaps today was capitulation in the gold market,” a CEO of a gold-mining company told me in an e-mail Monday evening…

Gold-exploration stocks had just lost 14% of their value in two days – based on the gold-exploration stocks fund, the Global X Gold Explorers Fund (GLDX). This CEO thought it could be the bottom in gold-exploration companies.

“It’s hard to believe the current valuation of gold stocks,” he said. “I never thought I would ever see our stock back at these levels. I could not resist and purchased some shares today.”

He was a bit early in his optimism… As I write, gold-exploration companies are down since he bought earlier in the week.

But I agree that it sure felt like “capitulation” – panicked selling that often creates a bottom…

Gold stocks are now down 87% in the past four years (as measured by GLDX). Meanwhile, stocks, in general, are up 72% (as measured by the S&P 500 Index) in the same time frame.

Take a look:

This is what a bottom in an asset often looks and feels like. The problem is, calling a bottom right is tough…

There is a much smarter way to invest in blown-out assets…

Here’s what I told my paid subscribers in my True Wealth letter last week – before the big bust in these stocks:

Smaller mining stocks are definitely CHEAP and HATED today. But like gold, we don’t have an uptrend yet – so we don’t have our green light to buy.

Prices are cheap, but they could continue to get cheaper. We don’t want to try to “catch a falling knife.”

Don’t worry, we won’t miss it. There will be plenty of upside potential when we do get in.

It was the right call.

You might get the headlines and the glory for calling the bottom. But in the long run, it’s difficult to make money doing that…

Gold-mining stocks are incredibly cheap today. And we will be buyers soon. But we want to wait until after gold stocks hit the bottom before putting money to work. That means we’re waiting for now.

Good investing,

Steve

P.S. A great way to learn about the best buys in the resource space right now will be at the Sprott-Stansberry Vancouver Natural Resource Symposium next week. I’m speaking at the event… and I look forward to meeting with other experts from inside the industry.

Importantly, it’s not too late to join us for the event. You can access the entire conference online. If you’re interested in resource investing, this is something you’ll want to check out. You can find the full details here.

Gold: Fundamental Vs Technical Analysis

Posted: 23 Jul 2015 04:25 AM PDT

investing

Gold Smash Leads to Surge in Demand For Coins, Bars Around World

Posted: 23 Jul 2015 04:03 AM PDT

gold.ie

Stocks heading for 40% fall claims Marc Faber

Posted: 23 Jul 2015 02:04 AM PDT

Dr. Marc Faber remains the biggest bear in the business. The editor of the ‘Gloom, Boom and Doom Report’ has been predicting a major crash for several years but had an awesome record before the gold price top of 2011. Will he now get his mojo back?

The odds are surely stacked heavily in his favor as an old bull market rally looks in a classic topping out phase. If anything Dr. Doom may now be too optimistic…


Video link click here!

Gold in technical trading range now: ClipperData

Posted: 23 Jul 2015 01:05 AM PDT

moneycontrol

Silver Forecast July 23, 2015, Technical Analysis

Posted: 23 Jul 2015 01:05 AM PDT

fxempire

Which Currencies May be Most Affected by Gold Prices?

Posted: 23 Jul 2015 01:05 AM PDT

dailyfx

Silver Ready For A Squeeze Play?

Posted: 23 Jul 2015 01:00 AM PDT

actionforex

Gold Prices July 23, 2015, Technical Analysis

Posted: 23 Jul 2015 01:00 AM PDT

fxempire

Gold retests five-year low on dwindling demand, dollar strength

Posted: 23 Jul 2015 01:00 AM PDT

cityindex

Gold ‘probably a buy’ but rest of commodities worrying markets

Posted: 22 Jul 2015 10:45 PM PDT

Gold prices look like they are on the floor now and ‘probably a buy’ but the rest of the commodities complex is worrying. That points to a global recession, and for that most financial markets are far too high.

Jim Bianco, president and founder at Bianco Research, talks with Angie Lau about the rout in commodity prices, how earnings results are impacting markets and what he sees for U.S. consumers in the third quarter. He speaks on ‘First Up’…

Commodity Prices in US Dollars 1831-1881, Gold @US$20.67

Posted: 22 Jul 2015 10:45 PM PDT

Charleston Voice

Interview with Wall Street Window

Posted: 22 Jul 2015 09:38 PM PDT

This interview was conducted Tuesday. We share our latest thoughts on the precious metals sector.

Go Here to listen to the mp3 file at Mike Swanson’s website.

Here is the interview on our YouTube Channel….

 

 

The post Interview with Wall Street Window appeared first on The Daily Gold.

The Price Of Gold Gets “Curiouser And Curiouser!”

Posted: 22 Jul 2015 08:45 PM PDT

The anti-gold propaganda took on extraordinary proportions last week as a prelude to Sunday nights vicious paper raid on the price of gold.  The media's anti-gold media terrorism culminated with this silly, farcical article entitled, "Let's Be Honest About Gold:  It's a Pet Rock"…  Perhaps the most absurdly misleading article ever written about gold. I […]

The post The Price Of Gold Gets "Curiouser And Curiouser!" appeared first on Silver Doctors.

Governments Worldwide Will Crash the First Week of October… According to 2 Financial Forecasters

Posted: 22 Jul 2015 08:30 PM PDT

Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015. Both believe that the domino collapse will eventually hit the U.S., and America will end up defaulting on its debts – and falling into financial crisis.     From Washington's Blog: […]

The post Governments Worldwide Will Crash the First Week of October… According to 2 Financial Forecasters appeared first on Silver Doctors.

Harvey Organ: 2.38 TONNES OF GLD’S GOLD HEADING TO RUSSIA AND SHANGHAI

Posted: 22 Jul 2015 08:00 PM PDT

Russia has added another 25 tonnes of gold to its arsenal… Submitted by Harvey Organ: Good evening Ladies and Gentlemen:           Here are the following closes for gold and silver today:     Gold:  $1091.40 down $12.00  (comex closing time) Silver $14.72 down 5 cents.     In the access market […]

The post Harvey Organ: 2.38 TONNES OF GLD’S GOLD HEADING TO RUSSIA AND SHANGHAI appeared first on Silver Doctors.

Protected: Notes on Gold Stocks

Posted: 22 Jul 2015 06:32 PM PDT

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The post Protected: Notes on Gold Stocks appeared first on The Daily Gold.

Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?

Posted: 22 Jul 2015 04:14 PM PDT

Grid Stock Exchange Economy Finance - Public DomainIf we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time.  This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now.  On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months.  When global economic activity slows down, demand for raw materials sinks and prices drop.  So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next.  And what they are telling us right now is that we are rapidly approaching a global economic meltdown.

If the global economy was actually healthy and expanding, the demand for commodities would be increasing and that would tend to drive prices up.  But instead, prices continue to go down.

The Bloomberg Commodity Index just hit a brand new 13-year low.  That means that global commodity prices are already lower than they were during the worst moments of the last financial crisis

The commodities rout that's pushed prices to a 13-year low pulled some of the biggest mining and energy companies below levels seen during the financial crisis.

The FTSE 350 Mining Index plunged as much as 4.9 percent to the lowest since 2009 on Wednesday, with BHP Billiton Ltd. and Anglo American Plc leading declines. Gold and copper are near the lowest in at least five years, while crude oil retreated to $50 a barrel.

"This commodity bear market is like a train wreck in slow motion," said Andy Pfaff, the chief investment officer for commodities at MitonOptimal in Cape Town. "It has a lot of momentum and doesn't come to a sudden stop."

Commodity prices have not been this low since April 2002.  According to Bloomberg, some of the commodities being hit the hardest include soybean oil, copper, zinc and gasoline.  And this commodity crash is already having a dramatic impact on some of the biggest commodity-producing nations on the globe.  Just consider what Gerald Celente recently told Eric King

We now see that the Australian dollar is at a six-year low against the U.S. dollar. What are Australia's biggest exports? How about iron-ore and other metals.

If we look at Canada, their currency is also now at a six-year low vs the U.S. dollar. Well, Canada is a big oil exporter, particularly some tar sands oil, which is expensive to produce.

We also now have the Brazilian real at a 10-year low vs the U.S. dollar. Why? Because it's a natural resource rich country and they don't have a strong market to sell their natural resources to.

Meanwhile, the Indian rupee is at a 17-year low vs the U.S. dollar. This is because manufacturing is slowing down and there is less development. If the Americans aren't buying, the Indians, the Chinese, the Vietnamese — they're not making things.

All of this is so, so similar to what we experienced in the run up to the financial crisis of 2008.  Just a couple of days ago, I talked about how the U.S. dollar got really strong just prior to the last stock market crash.  The same patterns keep playing out over and over, and yet most in the mainstream media refuse to see what is happening.

Something else that happened just a few months before the last stock market crash was a collapse of the junk bond market.

Guess what?

That is starting to happen again too.  Just check out this chart.

I know that I must sound like a broken record.  But I think that it is extremely important to document these things.  When the next financial collapse takes place, virtually everyone in the mainstream media will be talking about what a “surprise” it is.

But for those that have been paying attention, it won’t be much of a “surprise” at all.

When the stock market does crash, how far might it fall?

During a recent appearance on CNBC, Marc Faber suggested that it could decline by up to 40 percent

The U.S. stock market could “easily” drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average.

In recent days, “there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box.”

“It shows you a lot of stocks are already declining.”

Others, including myself, believe that what we are going to experience is going to be even worse than that.

We live in such a fast-paced world, and most of us don’t have the patience to wait for long-term trends to play out.

If the stock market is not crashing today, to most people that means that everything must be fine.

But once it has crashed, everyone is going to be complaining that they weren’t warned in advance about what was coming and everyone will be complaining that nobody ever fixed the things that caused the exact same problems the last time around.

Personally, I am trying very hard to make sure that nobody can accuse me of not sounding the alarm about the storm that is on the horizon.

The world has never been in more debt, our “too big to fail” banks have never been more reckless, and global financial markets have never been more primed for a collapse.

Amazingly, there are still a lot of “experts” out there that insist that everything is going to be okay somehow.

Of course many of those exact same “experts” were telling us the same thing just before the stock market crashed in 2008 too.

A great financial shaking has already begun around the world, and it will hit U.S. financial markets very soon.

I hope that you are getting ready while you still can.

US Equities Not a “Once in Generation Buy”

Posted: 22 Jul 2015 02:32 PM PDT

From Tiho Brkan @ ShortSideofLong

Refocusing our attention on the very long term view, today I have an interesting chart to share with you. We are looking at the S&P 500's nominal price together with a 17 year annualised return, not including dividends and not adjusted for inflation. The reason I like to focus solely on price without dividends and inflation is because: a) price is pure while total return can sometimes alter the technicals, and b) it is difficult to say what inflation adjusted price is as CPI measurements have been changed a handful of times since 1970s (and cannot be trusted).

If we closely obscure the chart in the post, we should be able to notice that throughout history S&P 500 had varied performance, also known as booms and busts. Booms are quite famous. These were the roaring 20s, swinging 60s and the technology 90s. Busts are just as memorable with famous panics in 1896, 1921, 1932, 1944 and 1982. During those years, S&P was either negative or flat over 17 years, creating one of the greatest buying opportunities. Once in a life time, generational buy signal. Could this happen again and under what scenario?

 

Chart Of The Day: In coming years, S&P could correct producing a negative 17 year return

US Equities 17 Year Annualised Return

Source: Short Side Of Long

 

Let us remember that S&P 500 peaked in 1,500 points in the year 2000 and that it currently trades at 2,120 points. The 17 year annualised return could turn negative if S&P 500 declined back towards 1,500 points by 2017. Assuming this was to happen, it would be a correction of 30% over the next 18 months. At the same time, S&P 500 could also continue to rise into 2016, before dropping 40% over the following 12 months. Let us remember that recessions occurred every 7 years or so, and by 2016 this recovery will be 7 years old.

It is important to understand that I am not predicting anything here, not a bullish nor a bearish call on the markets near term direction. It is basically just a case scenario and a thought process, which (if occurred) would create a once in a lifetime buying opportunity.

 

The post US Equities Not a “Once in Generation Buy” appeared first on The Daily Gold.

Where to for Australian gold price

Posted: 22 Jul 2015 02:00 PM PDT

Perth Mint

Russians Buy Gold Again In June – Another 25 Tonnes

Posted: 22 Jul 2015 05:02 AM PDT

gold.ie

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