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• Gold Pierces Breakdown Line
• Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?
• Chart of the day: Silver breaks down to lowest level since 2009
• Gold And Silver Are Paper-Slammed – Is The System Collapsing?
• Something VERY Interesting is Brewing in Comex Silver
• Insider Warns Credit Market is SHUTTING DOWN, $75 Trillion Implosion Looms
• Gold and Silver Slammed in Massive Waterfall Raid
• Mogambo Guru: Corruption Always Rampant During End of a Boom – Welcome to Dystopia Episode #4
• US Mint SOLD OUT of Silver Eagles, Announces Will Not Take Orders Until AUGUST!
• Can You Imagine The Fed Raising Interest Rates In This World?
• Peru's Silver production falls 14.47% Y Y in May
• JP Morgan private banker: “We can’t make money anymore…”
• One sector that’s actually doing well right now
• The US Is Woefully Unprepared for a War with Russia
• Eric Dubin & Rob Kirby on Greece, Manipulation, & Financial Implosion
• Commodity Collapse
• Gold Bullion Still Valid Investment But Price Sinks to 4-Month Low as Greece Isolated by Euro Partners, Silver Hits New 2015 Low
• Faber: “Wake Up, People of the World! Greece Will Come to You …Very Soon”
• Gold: Pair Is Trading Along Downtrend, Target On 1160
• Gold (XAUUSD) – Burden of Proof Lies On the Buyers
• Gold Fails To Breach Through Resistance
• Gold Price Gravitating Lower Towards $1000
• Gold – Remains Content Around $1170
• WTI oil price tumbles 8% to $52 on China, Greece and Iran
• The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941)
• Gold’s Bear Market
• Silver Market Change Report 5 July, 2015
• Analyst: This surprising currency trade could be about to soar
• Turkey's Gold imports fall 94.4% Y Y in June

Gold Pierces Breakdown Line Posted: 07 Jul 2015 01:08 PM PDT

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This? Posted: 07 Jul 2015 01:00 PM PDT The second largest stock market in the entire world is collapsing right in front of our eyes…     From The Economic Collapse Blog: Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of "paper wealth" has been […] The post Guess What Happened The Last Time The Chinese Stock Market Crashed Like This? appeared first on Silver Doctors.

Chart of the day: Silver breaks down to lowest level since 2009 Posted: 07 Jul 2015 12:41 PM PDT From Justin Dove, Editor, The Crux: Silver prices just reached a new six-year low… and there may be more losses ahead. Since reaching a peak of more than $45 per ounce in early 2011, silver has been in a long bear market. This morning (Tuesday), silver prices fell to around $15 per ounce… a decline of nearly 70%. You can see this long, slow decline in a five-year chart of the iShares Silver Trust (SLV), an exchange-traded fund that tracks the intraday price of silver… What’s important about today’s move is that silver prices had appeared to “bottom” around the November 2014 low. You can see this represented in the black line at the bottom of the one-year chart below: Now that prices have gone below the November low, it means the downtrend in silver has resumed… and there’s no telling where prices will settle. The next stop could be as low as $12.50/oz. (about 10% below today’s level)… Or maybe even lower. The point is, the bear market in silver is still intact…and  there could be more pain ahead. Traders and investors should be cautious.

Gold And Silver Are Paper-Slammed – Is The System Collapsing? Posted: 07 Jul 2015 12:37 PM PDT The system is COLLAPSING. This is the end of the end-game…   Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics: When a thoroughly corrupt Government wants to try and hide something from the public, they exert an all-out effort to mis-direct and cover-up.  The financial markets are no different.  It's been obvious to […] The post Gold And Silver Are Paper-Slammed – Is The System Collapsing? appeared first on Silver Doctors.

Something VERY Interesting is Brewing in Comex Silver Posted: 07 Jul 2015 12:18 PM PDT Last year was the first time since these records began, that world government silver sales were ZERO.  What this means is that while governments may or may not have more gold to dump onto the market, from this point on, they are out of state-owned, physical silver for all rigging intents and purposes. Mine supply is […] The post Something VERY Interesting is Brewing in Comex Silver appeared first on Silver Doctors.

Insider Warns Credit Market is SHUTTING DOWN, $75 Trillion Implosion Looms Posted: 07 Jul 2015 12:01 PM PDT A real crisis is developing far faster than what I envisioned that is impacting the 75 Trillion Shadow Banking sector which is on the verge of implosion. Credit markets are almost closed, I am being told! I REPEAT again the CREDIT markets are almost closed! The following is chilling to say the least:   Submitted by […] The post Insider Warns Credit Market is SHUTTING DOWN, $75 Trillion Implosion Looms appeared first on Silver Doctors.

Gold and Silver Slammed in Massive Waterfall Raid Posted: 07 Jul 2015 12:01 PM PDT *Update 2: US Mint Has Stopped Taking ALL ORDERS FOR ASES! *Update: Silver has now dropped OVER $1 to a $14 handle Gold and silver have just been treated to a COMEX open Smack Down on large volume, as silver has been smashed over .60 nearly to $15, and gold has been taken down to […] The post Gold and Silver Slammed in Massive Waterfall Raid appeared first on Silver Doctors.

Mogambo Guru: Corruption Always Rampant During End of a Boom – Welcome to Dystopia Episode #4 Posted: 07 Jul 2015 12:00 PM PDT In the immortal words of the Mogambo Guru, “We’re all frikkin Doomed!” He hasn’t changed his witty humor, as you’ll hear in the latest episode of “Welcome to Dystopia”: TND Podcast Spotlight:  Welcome to Dystopia Podcast Jason Burack and Eric Dubin are back for another episode of Welcome to Dystopia! In episode 4, they host […] The post Mogambo Guru: Corruption Always Rampant During End of a Boom – Welcome to Dystopia Episode #4 appeared first on Silver Doctors.

US Mint SOLD OUT of Silver Eagles, Announces Will Not Take Orders Until AUGUST! Posted: 07 Jul 2015 11:44 AM PDT *Breaking: The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015! This morning we warned that a massive jump in silver premiums was imminent as premiums on 90% silver had tripled in the past 48 hours. Less than 3 […] The post US Mint SOLD OUT of Silver Eagles, Announces Will Not Take Orders Until AUGUST! appeared first on Silver Doctors.

Can You Imagine The Fed Raising Interest Rates In This World? Posted: 07 Jul 2015 11:31 AM PDT $1.4 trillion of Chinese stocks have stopped trading. Greece is finally imploding. The US trade deficit is widening on falling exports.Copper just fell back to 2009 levels. And safe-haven capital flows are revving up again, with Swiss 10-year bonds once again trading with negative yields. And somehow a majority of economists and money managers continue to believe that not only will the fed hike rates at its next meeting, but it should do so. The IMF isn’t normally the voice of reason on major financial issues, but in this case — perhaps because it’s got its hands full with Europe — its caution seems appropriate: IMF Reiterates Call for Fed to Hold Off on Rate Rise Until 2016 WASHINGTON—The Federal Reserve risks stalling the U.S. economy by raising interest rates too early, the International Monetary Fund warned Tuesday as it detailed further its call for the central bank to delay a move until 2016. The IMF’s push for a delayed rate increase is at odds with the current signals Fed officials are sending for a move later in 2015. Last week’s job numbers bolstered the Fed’s plans to increase short-term rates in the months ahead. The IMF, which cut its growth forecast for the U.S. last month, said the Fed could be forced to reverse course next year if the central bank proves overly optimistic about the health of the American economy. IMF staff argue that, barring upside surprises, there is still too much uncertainty around inflation, employment and wage prospects for the Fed to pull the trigger in coming months. “Raising rates too early could trigger a greater-than-expected tightening of financial conditions due to some combination of a further upward swing in the U.S. dollar, lower equity prices, and/or a repricing of risk premia and the yield curve,” the IMF said in its detailed annual analysis of the U.S. economy. “There is a risk that the tightening impact on the economy could go well beyond the initial [0.25 percentage point] increase in the fed-funds rate, creating a risk that the economy stalls,” fund staff said. A policy U-turn wouldn’t be without precedent. Both the European Central Bank and Sweden’s Riksbank were forced into rate reversals in 2011, and the Bank of Japan seesawed through rate moves in the 1990s and 2000, fund economists noted. Such an about-face puts the Fed’s all-important credibility at stake, the IMF said. The emergency lender also said the crises in Greece and Ukraine represent “unpredictable wild card” risks to the U.S. economy. So far, the impact in U.S. markets from the Greek crisis has been limited. The country has little direct exposure. But if it deteriorates further, it could hit broader European growth, which could weigh on the U.S. recovery. Weaker global growth or a faster slowdown in China could also hit the U.S., sparking a selloff in equity markets, the IMF said. “Weaker global growth” indeed. The next two charts show GDP growth for Japan and Germany. Note that they’re both positive (barely) but are also lower than the previous year. So momentum was already slowing before Greece blew up and China’s stock bubble burst. For the world’s biggest economy to respond to the above with steps to slow down its growth would be at best ill-mannered and at worst the kind of slap in the face that sets off global contagions. So yeah, it’s kind of hard to imagine.

Peru's Silver production falls 14.47% Y Y in May Posted: 07 Jul 2015 11:25 AM PDT Peru, the largest silver miner after Mexico, produced 290644 kilograms of silver in May 2015, down 14.47% as against the production of 339796 kilograms in May 2014.

JP Morgan private banker: “We can’t make money anymore…” Posted: 07 Jul 2015 11:00 AM PDT Yesterday over coffee, a friend of mine leaked the news that JP Morgan's private banking division here in Singapore is going to start charging negative interest rates. I almost fell out of my chair. He's a successful hedge fund manager and one of their best customers. So when he received the notice, he rang up […] The post JP Morgan private banker: "We can't make money anymore…" appeared first on Silver Doctors.

One sector that’s actually doing well right now Posted: 07 Jul 2015 10:56 AM PDT From Jeff Clark, Editor, Stansberry Short Report: The financial markets are reeling… The S&P 500 is down almost 4% from its May high. Germany’s benchmark DAX index has lost around 10% since April. China’s stock market – the Shanghai Stock Exchange Composite Index – has crashed more than 20% in less than a month. Long-term U.S. Treasury bonds are down about 15% since February. The price of oil is rolling over again. And even gold can’t seem to catch a bid in this environment. But there is one sector that just kicked off an explosive rally… agricultural commodities… Take a look at this chart of the PowerShares DB Agriculture Fund (DBA)… I tried to pick a bottom on this sector back in late February. Back then, DBA was trading around $22.80 per share and the chart looked like it was forming a “double bottom” pattern. It was an excellent low-risk/high-reward setup. But it didn’t work out. DBA broke support at $22.80… And it has since spent four months trying to find a bottom. Notice, though, how the moving average convergence divergence (MACD) momentum indicator was rising as the price of DBA shares was falling. This “positive divergence” was a sign that the momentum behind the decline in DBA was shifting from bearish to bullish. And the sector was overdue for a reversal. That reversal started last week, when DBA exploded more than 5% higher in just three trading days and broke through resistance at $22.80 (previously support). The strength of that move, along with the length of time DBA spent consolidating near the lows and the solid positive divergence on the MACD indicator, suggests this move has a lot further to run. If DBA can break above resistance at about $23.50 per share, then there really isn’t anything to hold it back from reaching $25 over the next several weeks. The sector is overbought in the short term. That often happens in the early stages of a new rally phase. So DBA is likely to come back down and retest the $22.80 level as support. Traders should use that pullback as an opportunity to buy. Agricultural-commodity prices are headed higher… Make sure you’re in position to profit. Best regards and good trading, Jeff Clark

The US Is Woefully Unprepared for a War with Russia Posted: 07 Jul 2015 10:00 AM PDT At this point, it seems like a war between NATO and Russia is practically a foregone conclusion. By Joshua Krause, SHTFPlan: This article was written by Joshua Krause and originally posted at The Daily Sheeple. Editor's Note: If the U.S. is so unprepared, then why is it so adamant about provoking conflict and looking for […] The post The US Is Woefully Unprepared for a War with Russia appeared first on Silver Doctors.

Eric Dubin & Rob Kirby on Greece, Manipulation, & Financial Implosion Posted: 07 Jul 2015 09:30 AM PDT Eric Dubin and Rob Kirby join Dr. Dave Janda on Operation Freedom to break down Greece and what happens next… RELATED:  TND Exclusive: “Greece: Evidence Of "Plunge Protection Team" Response + What Happens Next” (click here) TND Podcast Spotlight:  “Operation Freedom” |  Topics discussed on this show: Kennedy Assassination, The Obama Care lies, Benghazi, Manipulation […] The post Eric Dubin & Rob Kirby on Greece, Manipulation, & Financial Implosion appeared first on Silver Doctors.

Commodity Collapse Posted: 07 Jul 2015 09:21 AM PDT There are times when all of the fundamentals, technicals and CoT structure simply don't matter. Unfortunately, we seem to be entering another one of those periods. read more

Gold Bullion Still Valid Investment But Price Sinks to 4-Month Low as Greece Isolated by Euro Partners, Silver Hits New 2015 Low Posted: 07 Jul 2015 08:33 AM PDT Bullion Vault

Faber: “Wake Up, People of the World! Greece Will Come to You …Very Soon” Posted: 07 Jul 2015 05:02 AM PDT gold.ie

Gold: Pair Is Trading Along Downtrend, Target On 1160 Posted: 07 Jul 2015 12:40 AM PDT investing

Gold (XAUUSD) – Burden of Proof Lies On the Buyers Posted: 06 Jul 2015 11:30 PM PDT cfdtrading

Gold Fails To Breach Through Resistance Posted: 06 Jul 2015 11:15 PM PDT investing

Gold Price Gravitating Lower Towards $1000 Posted: 06 Jul 2015 11:05 PM PDT marketoracle

Gold – Remains Content Around $1170 Posted: 06 Jul 2015 11:00 PM PDT marketpulse

WTI oil price tumbles 8% to $52 on China, Greece and Iran Posted: 06 Jul 2015 08:59 PM PDT Oil prices are expected to spiral even lower as concerns about growth slowing in China and the European Union collide with record production and potential new supply from Iran. West Texas Intermediate crude futures plunged eight per cent Monday to $52-a-barrel and were in official correction territory, with a decline of 12 per cent since July 1st. Brent was more than six per cent lower. Geopolitics Oil plummeted on fresh worries that Greece’s anti-austerity referendum could lead to its exit from the euro zone, creating negative fallout across the region’s economy. Other factors that contributed to the drop were Iran’s nuclear negotiations and a new focus this weekend on China’s stock market collapse. The stronger dollar could also add pressure, as the euro skids… Video link click here!

The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941) Posted: 06 Jul 2015 05:02 PM PDT Did you notice that Greece’s creditors are not rushing to offer the Greeks a new deal in the wake of the stunning referendum result on Sunday?  In fact, it is being reported that the initial reaction to the “no” vote from top European politicians was “a thunderous silence“.  Needless to say, the European elite were not pleased by how the Greek people voted, but they still have all of the leverage.  In particular, it is the Germans that are holding all of the cards.  If the Germans want to cave in and give the Greeks the kind of deal that they desire, everyone else would follow suit.  And if the Germans want to maintain a hard line with Greece, they can block any deal from happening all by themselves.  So in the final analysis, this is really an economic test of wills between Germany and Greece, and time is on Germany’s side.  Germany doesn’t have to offer anything new.  The Germans can just sit back and wait for the Greek government to default on their debts, for Greek banks to totally run out of cash and for civil unrest to erupt in Greek cities as the economy grinds to a standstill. In ancient times, if a conquering army came up against a walled city that was quite formidable, often a decision would be made to conduct a siege.  Instead of attacking a heavily defended city directly and taking heavy casualties, it was often much more cost effective to simply surround the city from a safe distance and starve the inhabitants into submission. In a sense, that is exactly what the Germans appear to want to do to the Greeks.  Without more cash, the Greek government cannot pay their bills.  Without more cash, Greek banks are going to start collapsing left and right.  Without more cash, the Greek economy is going to completely and utterly collapse. So yes, the Greeks voted for change, but the Germans still hold the purse strings. And right now the Germans do not sound like they are in any mood to compromise.  The following comes from a Reuters report that was published on Monday… German Chancellor Angela Merkel’s deputy said Athens had wrecked any hope of compromise with its euro zone partners by overwhelmingly rejecting further austerity. Merkel and French President Francois Hollande conferred by telephone and will meet in Paris on Monday afternoon to seek a joint response. Responding to their call, European Council President Donald Tusk announced that euro zone leaders would meet in Brussels on Tuesday evening (1600 GMT). German Vice-Chancellor Sigmar Gabriel, leader of Merkel’s centre-left Social Democratic junior coalition partner, said it was hard to conceive of fresh negotiations on lending more billions to Athens after Greeks voted against more austerity. Leftist Prime Minister Alexis Tsipras had “torn down the last bridges on which Greece and Europe could have moved towards a compromise,” Gabriel told the Tagesspiegel daily. In addition, Angela Merkel’s office released a statement on Monday that placed the onus on making a new proposal to end this crisis on the Greek government… “It is up to Greece to make something of this. We are waiting to see which proposals the Greek government makes to its European partners,” the office of German Chancellor Angela Merkel, Europe’s leading austerity advocate, said in a statement. Just because the Greek people want the Germans to give them a very favorable deal does not mean that the Germans will be inclined to do so.  The Germans know that whatever they do with the Greeks will set a precedent for the rest of the financially-troubled nations all across Europe.  If Greece gets a free lunch, then Italy, Spain, Portugal, Ireland and France will expect the same kind of treatment… Angelos Chryssogelos, an expert on Greek politics at the London-based think tank Chatham House, said the strength of Sunday’s mandate handed to Tsipras means it will be almost impossible for the prime minister’s leftist Syriza party to make a deal with European creditors. “The Europeans made it pretty clear where they stand, and they have been consistent,” Chryssogelos said, adding that the creditors also are unlikely to back down. “Right now, voters across the eurozone largely support the tough stance taken by the eurozone.” Chryssogelos said Greek voters may have underestimated the resolve of the creditors to reach an accord on their terms. “If someone is seen getting preferential treatment, then someone else will want that treatment,” he said, referring to other eurozone debtors such as Ireland and Portugal. And remember, there is a very important Spanish election coming up in December. If Syriza comes out as the big winner in this crisis, it will empower similar movements in Spain and all over the rest of the continent. So look for Greece’s creditors to tighten the screws over the coming days.  In fact, we already saw a bit of screw tightening on Monday when the ECB announced that Greek banks would not be receiving additional emergency assistance… In a move sure to increase pressure on Greece's flailing banks, the European Central Bank on Monday decided not to expand an emergency assistance program, raising fears that Greece could soon go completely bankrupt. The move put a swift crimp on Greek leaders' jubilation after winning a landslide endorsement from their citizens to reject Europe's austerity demands and seek a new bailout bargain. Now they must seek a bargain before the money runs out within days, which would likely force them off the euro. Basically we are watching a very high stakes game of chicken play out.  And as the cash dwindles, economic activity in Greece is slowly grinding to a halt.  The following comes from the Washington Post… The dwindling cash is sucking the life out of everything from coffee shops to taxis, as anxious Greeks economize amid fears for the future. Greek leaders also banned transfers of money abroad, meaning that very little can now be imported into the country. Printing plants are warning that they may run out of paper to print newspapers by the end of the week. Butchers say that stocks of imported meat are dwindling. Some are even projecting that we could see civil unrest erupt in Greece in about “48 hours” once the ATM machines  run out of cash… Greek Prime Minister Alexis Tsipras probably has 48 hours to resolve a standoff with creditors before civil unrest breaks out and ATMs run out of cash, hedge fund Balyasny Asset Management said. Yes, the Greek people exhibited great resolve in voting against the demands of the creditors on Sunday. But how long can they endure this economic siege? It is inevitable that a breaking point will come.  Either the Greek government will give in, or the Greeks will leave the euro and start to transition back to the drachma. If we do see a “Grexit”, and many analysts believe that one is coming, it could set off a chain of events that could cause immense financial pain all over the planet.  There are tens of trillions of dollars of derivatives that are tied to European bond yields, European interest rates, etc.  The following is an excerpt from a piece authored by Phoenix Capital Research that explains what kind of jeopardy we could potentially be facing… The global derivatives market is roughly $700 trillion in size. That's over TEN TIMES the world's GDP. And sovereign bonds… including even bonds from bankrupt countries such as Greece… are one of, if not the primary collateral underlying all of these trades. Greece is not the real issue for Europe. The entire Greek debt market is about €345 billion in size. So we're not talking about a massive amount of collateral… though the turmoil this country has caused in the last three years gives a sense of the importance of the issue. Spain, by comparison has over €1.0 trillion in debt outstanding… and Italy has €2.6 trillion. These bonds are backstopping tens of trillions of Euros' worth of derivatives trades. A haircut on them would trigger systemic failure in Europe. If Greece gets a “haircut” on their debt, other European nations would want the same and that would cause massive chaos in the derivatives markets. But if Greece does not get a deal and ends up leaving the eurozone, that will cause bond yields to go crazy all over Europe and that would also cause tremendous chaos in the derivatives markets. So much depends on keeping this system of legalized gambling that we call “derivatives trading” stable.  We have allowed the global derivatives bubble to become many times larger than the GDP of the entire planet, and in the end we will pay a great price for this foolishness. Every pyramid scheme eventually collapses, and this one will too. But the difference with this pyramid scheme is that it is going to take the entire global financial system down with it. The post The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941) appeared first on The Economic Collapse.

Gold’s Bear Market Posted: 06 Jul 2015 02:30 PM PDT From: ShortSideofLong Chart Of The Day:   Source: Short Side Of Long Final chart of the day is a classic Short Side of Long chart, which has been posted many times before. Basically, we are tracking the progress of Gold’s current bear market, which started in September 2011 at $1,920 per ounce and remains intact. History can sometimes be a guide. Interestingly, this is now the second longest bear market in Gold’s forty five year history. However, what bulls have failed to realise, is that after 12 annual gains leading into 2011 top, this also one of Gold’s softest bear markets. Some of us have been expecting Gold to decline at least 40% if not more, similar to the 1974-76 correction. On a side note, there has only been one bear market that has pushed the price of Gold down more than 50% and that occurred from 1980 into 1982 low.   The post Gold’s Bear Market appeared first on The Daily Gold.

Silver Market Change Report 5 July, 2015 Posted: 06 Jul 2015 11:01 AM PDT Monetary Metals

Analyst: This surprising currency trade could be about to soar Posted: 06 Jul 2015 09:54 AM PDT From Brett Eversole, Analyst, True Wealth Systems: Major currencies are rising in value… Since the U.S. dollar peaked on March 13, the Brazilian real is up around 8.5%. And the euro is up around 5.7%. But two major currencies have lost value versus the dollar – the Japanese yen and the New Zealand dollar. The fall in the New Zealand dollar has been spectacular. And investors have fled… which gives us an opportunity. History says this currency could soon bounce by double digits. Let me explain… RELATED: Is this China’s plan to destroy the U.S. Dollar? The Japanese yen is down around 1% since the dollar peaked. But the New Zealand dollar has performed much worse than the yen. It’s down around 7.2% since March 13. And since last July, it’s down a full 24%. That decline scared investors out of the currency. Negativity in the New Zealand dollar hit its most extreme reading ever in June. You can see this in the chart below. It shows the Commitment of Traders (COT) for the New Zealand dollar. The COT is a weekly report that shows the real money bets of futures trades. It shows if traders love or hate an asset. And it’s a useful contrarian indicator when it hits an extreme. Today, the COT shows the most extreme negativity we’ve ever seen. Traders are betting the New Zealand dollar will continue its decline. But they’re all making the same bet… History shows that when futures traders all agree, the opposite tends to happen. And that means the New Zealand dollar could jump higher soon. To test this, I looked at every time the COT fell below zero and then rose above that level over the past decade. The results are impressive… 3 Months 6 Months 1 Year After COT Extreme 3.5% 6.9% 11.7% All Periods 0.7% 1.3% 2.5% The New Zealand dollar increased 11.7%, on average, a year after hitting and rebounding above a negative sentiment extreme. That’s more than four times the typical one-year return we’ve seen over the past decade. These are impressive results, but the New Zealand dollar isn’t a “buy” yet. You see, the COT just hit a negative extreme. We need to see the COT rise above zero before we consider buying. That will likely occur as the currency begins rising, which further lowers our risk. The easiest way to get long the New Zealand dollar is the WisdomTree Australia & New Zealand Debt Fund (AUNZ). This fund owns debt in both Australia and New Zealand, but based on its history it tracks New Zealand’s currency well. As I said, the New Zealand dollar isn’t a buy yet. But keep an eye on this currency in the coming months. It’ll be a fantastic trading opportunity soon. Good investing, Brett Eversole

Turkey's Gold imports fall 94.4% Y Y in June Posted: 06 Jul 2015 07:49 AM PDT On month-on-month basis, gold imports declined 18.1% in June. The country had imported 1.64 tons of gold in May this year.

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