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Saturday, March 12, 2016

saveyourassetsfirst3

saveyourassetsfirst3

End-of-week top gold stories

Posted: 12 Mar 2016 12:05 PM PST

USA Gold

Sorry Silver Standard, This Deal Makes Absolutely No Sense

Posted: 12 Mar 2016 07:36 AM PST

Alasdair Macleod On Draghi’s Bazooka: “It’s Terrifying…$1400 Gold Could Happen Quickly”

Posted: 11 Mar 2016 06:30 PM PST

With Super Mario Draghi dropping a bomb on global financial markets Thursday, Doc & Dubin welcomed Alasdair Macleod out of London back on the show to break down the implications for the markets, gold, and silver: On Draghi’s Bazooka QE: “It’s actually quite terrifying…“ On Gold:  There is a Golden Cross Underneath a Rising Gold […]

The post Alasdair Macleod On Draghi’s Bazooka: “It’s Terrifying…$1400 Gold Could Happen Quickly” appeared first on Silver Doctors.

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Can Gold Climb to $1400/oz?

Posted: 11 Mar 2016 06:10 PM PST

The Daily Gold

Can Gold Climb to $1400/oz?

Posted: 11 Mar 2016 03:23 PM PST

At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz following the ECB decision. Corrections in both Gold and gold stocks have been limited to swift declines lasting no more than two days. While we cannot predict the future, we think there is some chance that Gold could reach Gundlach's target before a sustained correction.

Below is the Gold recovery analog chart or bull analog chart. We compare the current rebound to those from major lows seen in 1976 and 2008. By the way, it is great to be constructing bullish analogs rather than bearish analogs. As we can see, if this recovery in Gold continues to follow the path of those two recoveries then Gold could reach $1400/oz before correcting. The analog hints that if Gold reached $1400/oz then it could correct $100-$120/oz.

 

Mar102016Goldbullsanalog

Gold Bull Analog

 

 

While Gold's monthly and quarterly charts show very strong resistance around $1330/oz, its weekly chart argues that $1400/oz is the next major target after $1300/oz. In other words, if Gold can make a weekly close above $1300/oz, then it has a chance to run to $1375 to $1400/oz. Note that $1375 is the 38% retracement of the entire bear market. Initial resistance is $1300, which is the measured upside target from Gold's recent, small breakout.

 

Mar112016GoldCoT

Gold Weekly & Gold CoT

 

Note that Gold's current net speculative position is 39% of open interest. While this appears bearish in the recent context of a bear market, Gold is now in a bull market. From 2001 to 2012, Gold's net speculative position, when high, ranged from 50% to 60%. Moreover, the current net speculative position remains below 2014 to 2015 highs of 44% and 49%. If Gold wants to move above $1330/oz and towards $1400/oz, the current setup of the commitment of traders report won't stop it.

Furthermore, open interest in Gold surged to 499K contracts. That is the strongest open interest in more than 4 years! Rising open interest usually confirms an uptrend. Note that from December 2001 to May 2002 open interest increased 90%. From December 2008 through March 2009, open interest increased 50%. Over the past five weeks open interest has increased by 30%.

When a market makes a strong rebound following a difficult bear market, investors and pundits suddenly become cautious due to the subconscious fear that the bear will reassert itself. We have even made the same mistake in recent weeks, thinking Gold and gold stocks would correct before another strong leg higher. While the possibility remains, there is equally as much evidence that Jeff Gundlach is right and Gold will reach $1400/oz before any setback. Gold and gold stocks have refused to correct for more than a few days at a time. Do not be surprised and unprepared if this run continues. Also, any extended weakness in Gold or gold stocks is a buying opportunity. Consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2016.

Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com

Gold Daily and Silver Weekly Charts - Central Banks As Financial Cosmeticians

Posted: 11 Mar 2016 03:03 PM PST

Le Cafe Américain

Onset of Return to the Gold Standard Is UPON US! – Jim Willie

Posted: 11 Mar 2016 02:00 PM PST

In the latest MUST READ Hat Trick Letter, Jim Willie reveals The onset of the return of the Gold Standard to trade, banking, and currencies is upon us…   By Jim Willie, Golden Jackass: FINANCE & CURRENCY Chinese tested successfully new financial platform for banking functions   China has wrested control of the Federal Reserve and […]

The post Onset of Return to the Gold Standard Is UPON US! – Jim Willie appeared first on Silver Doctors.

James Turk: Cartel Is Losing Control of Gold & Silver!

Posted: 11 Mar 2016 01:45 PM PST

Both gold and silver are so cheap relative to historical norms and historical valuations that it doesn't matter if it's overbought, it can stay overbought on a short term basis for a long time – longer than we can POSSIBLY expect…   Submitted by PM Fund Manager Dave Kranzler: Below is a highly engaging interview with […]

The post James Turk: Cartel Is Losing Control of Gold & Silver! appeared first on Silver Doctors.

Broken Bazookas & The Cusp of OBSCENE Price Levels for Gold

Posted: 11 Mar 2016 01:34 PM PST

Mario Draghi finally let loose this morning with everything left in his monetary “bazooka” and has gone as far as the Bundesbank will let him. We now have a situation where central banks have lost their credibility.  This will lead to a loss of confidence in all things paper. Either the central banks revalue their […]

The post Broken Bazookas & The Cusp of OBSCENE Price Levels for Gold appeared first on Silver Doctors.

Expert Warns Unparalleled Financial Destruction Is “Just Six Months Away”

Posted: 11 Mar 2016 01:05 PM PST

According to this mainstream expert, the greatest financial collapse in human history is less than six months away:   Submitted by Mac Slavo, SHTFPlan: The time is nigh. The crash is coming. It's waves can be felt pulsing through the system, foretelling its arrival. But how long will it be until it hits, and how […]

The post Expert Warns Unparalleled Financial Destruction Is "Just Six Months Away" appeared first on Silver Doctors.

On The Brink of Complete Meltdown

Posted: 11 Mar 2016 12:30 PM PST

We are ON THE BRINK…   Submitted by Rory Hall:  We live in a time when the rule of law has been suspended for the ruling class and banking class. When the Attorney General of the United States, Eric Holder, made the following statement he turned the "too big to fail" banks into "too big to jail". Criminal […]

The post On The Brink of Complete Meltdown appeared first on Silver Doctors.

Italian Bank Collapse Threatens To Plunge The European Financial System Into Chaos

Posted: 11 Mar 2016 11:00 AM PST

The Italian banking system is a "leaning tower" that truly could completely collapse at literally any moment. And as Italy's banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before…      Submitted by Michael Krieger:  I wrote about the […]

The post Italian Bank Collapse Threatens To Plunge The European Financial System Into Chaos appeared first on Silver Doctors.

Gold, Stocks and the Miners

Posted: 11 Mar 2016 08:03 AM PST

Biwii
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