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Friday, April 15, 2016

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Yamana Gold: More Reasons To Not Bail Out?

Posted: 15 Apr 2016 11:39 AM PDT

Gold Miners Reach First Resistance Target but Continue to Outperform Gold

Posted: 15 Apr 2016 11:12 AM PDT

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday's gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls.

The selloff in the miners began once they hit their first resistance targets, as noted in our editorial from last week. We noted immediate upside targets of GDXJ $33 and GDX $22.50. To be exact, GDXJ hit $33.07 and GDX touched $23.06. The resistance lines are visible in both charts below. Because the miners remain a good distance above their 50-day moving averages (GDX $19.58, GDXJ $26.82) it is possible they consolidate beneath resistance for a few weeks.

 

April152016minerswkly

GDXJ, GDX Weekly Candles

 

 

Turning to the metals, Gold continues to consolidate as it works off the excess speculative positions while Silver has broken out and above its 80-week moving average for the first time since late 2012. Both metals will close the week higher than depicted in this chart.

 

Apr152016metalswk

Gold & Silver Weekly Candles

 

Other than Gold's consolidation and resemblance of a small distribution pattern, the precious metals complex looks quite healthy. The breakout in Silver was telegraphed by the strength in the silver stocks as SIL doubled from its lows and SILJ is up more than 150% from its lows. At the same time, the gold stocks, as already noted have shown the same kind of strength against Gold. Those who are focusing on Gold's CoT and false topping pattern are neglecting the more powerful signals given by the rest of the sector.

Because the gold stocks are at resistance and remain well above their 50-day moving averages, it is possible they could correct and consolidate for a few weeks before moving towards higher targets. We want to reiterate that the relative strength in the gold stocks and the relative strength in the silver space are healthy signs for the sector. If the sector were about to plunge (as some expect) Gold would be the leader and not the laggard that is now. 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

 

The Goldman Sachs Settlement Is an Abomination and Insult to All American Citizens

Posted: 15 Apr 2016 09:30 AM PDT

A criminal financial organization that engaged in billions upon billions in fraud against the "muppet" public is once again getting off with barely a slap on the wrist, and nobody's going to do a thing about it… Buy 2016 Silver Eagles, Silver Maples, and Silver Buffalo Rounds at the Best Prices Online   Submitted by Michael Krieger: […]

The post The Goldman Sachs Settlement Is an Abomination and Insult to All American Citizens appeared first on Silver Doctors.

Take Off Your Tin Foil Hat – Banksters Admit to Gold Rigging - Nathan McDonald

Posted: 15 Apr 2016 09:30 AM PDT

Sprott Money

Gold & Silver Trading Alert: Silver’s Bearish Rally

Posted: 15 Apr 2016 09:19 AM PDT

SunshineProfits

Gold Capped and Pinned

Posted: 15 Apr 2016 08:36 AM PDT

After having been successfully maneuvered lower by The Bullion Banks, gold is now below it's 50-day moving average and is threatening a weekly close there for the first time on 2016. Is this just another stage of the Spec Wash&Rinse Cycle or a decent entry point for an extension of this rally?

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Obama Set To Put In New Law That Can Put Everyone In Jail

Posted: 15 Apr 2016 07:45 AM PDT

While you were watching Donald Trump…

The post Obama Set To Put In New Law That Can Put Everyone In Jail appeared first on Silver Doctors.

Deutsche Bank Silver Settlement: GATA Vindicated!

Posted: 15 Apr 2016 07:30 AM PDT

“THERE ARE NO MARKETS ANYMORE; JUST INTERVENTIONS.”   Buy 2016 Gold Eagles Best Prices Online Most Trusted! Source: Michael Ballanger: Precious metals expert Michael Ballanger riffs on the news that Deutsche Bank is settling U.S. silver pricing litigation. Before I begin, I want to repeat a now famous quote authored by GATA’s Co-founder, Chris Powell, who, […]

The post Deutsche Bank Silver Settlement: GATA Vindicated! appeared first on Silver Doctors.

Harvey Organ: Manipulation Exposed As Deutsche Bank Prepares to Spill the Beans on Gold & Silver Manipulation!!

Posted: 15 Apr 2016 07:04 AM PDT

Deutsche bank is going to spill the beans on the other banks in both gold and silver. DB must provide and they stated that they would supply all the emails between the parties as per the manipulation of silver and gold. The real question is what prompted DB to settle? Buy 2016 American Gold Eagles […]

The post Harvey Organ: Manipulation Exposed As Deutsche Bank Prepares to Spill the Beans on Gold & Silver Manipulation!! appeared first on Silver Doctors.

What is Coming? Elite Feverishly Building Survival Bunkers: “Fear of Uprising From the 99%”

Posted: 15 Apr 2016 06:56 AM PDT

"Where will you go when pandemonium strikes?"   by Paul Joseph Watson, Infowars.com via SHTFPlan: Editor's Comment: It certainly says something when the individuals with wealth continue to plot their escape from society. Are things crumbling? Teetering on edge? The smart money says get ready to get out. But you don't necessarily need millions to build an […]

The post What is Coming? Elite Feverishly Building Survival Bunkers: "Fear of Uprising From the 99%" appeared first on Silver Doctors.

How CalPERS Was Taken By Private Equity Firm Silver Lake and Tried to Hide That (A Tale of Two Spreadsheets)

Posted: 15 Apr 2016 03:53 AM PDT

CalPERS told two very different stories about how well its investment in Silver Lake, the general partner, fared. Which should we believe?

Market Report: Silver stars

Posted: 15 Apr 2016 02:20 AM PDT

Finance and Eco.

Deutsche Bank Concedes a Settlement For Widespread Rigging of the Price of Silver (And Gold)

Posted: 14 Apr 2016 09:02 PM PDT

Le Cafe Américain

Chris Powell: Cowardice of press, miners, financial industry sustains gold market rigging

Posted: 14 Apr 2016 08:00 PM PDT

GATA

U.S. Economy 2016: 3 Classic Recession Signals Are Flashing Red

Posted: 14 Apr 2016 05:43 PM PDT

Red Light - Public DomainThose that were hoping for an “economic renaissance” in the United States got some more bad news this week.  It turns out that the U.S. economy is in significantly worse shape than the experts were projecting.  Retail sales unexpectedly declined in March, total business sales have fallen again, and the inventory to sales ratio has hit the highest level since the last financial crisis.  When you add these three classic recession signals to the 19 troubling numbers about the U.S. economy that I wrote about last week, it paints a very disturbing picture.  Virtually all of the signs that we would expect to pop up during the early chapters of a major economic crisis have now appeared, and yet most Americans still appear to be clueless about what is happening.

Even I was surprised when the government reported that retail sales had actually fallen in March.  Consumer spending is a very large part of our economy, and so if consumer spending is slowing down already that certainly does not bode well for the rest of 2016.  The following comes from highly respected author Jim Quinn…

The Ivy League educated "expert" economists expected March retail sales to increase by 0.1%. They only missed by $6 billion, as retail sales FELL by 0.3%. They have fallen for three straight months. At least gasoline sales were strong, as prices have risen 22% since mid-February. That should do wonders for the finances of American households. If you exclude gasoline sales, retail sales fell by 0.4%. As the chart below reveals, the year over year change in retail sales has been at or near recessionary levels for most of 2015, and into 2016.

You can view the chart that he was referring to right here.  In addition to a decline in retail sales, total business sales have also been falling, and this is another classic recession signal.  The following comes from Wolf Richter…

Total business sales fell again in February, the Commerce Department reported today. They include sales by manufacturers, retailers, and wholesalers of all sizes across the US economy. This measure is far broader than the aggregate sales by publicly traded companies, which too have been falling.

At $1.284 trillion in February, total business sales were down an estimated 0.4% from January, adjusted for seasonal and trading-day differences but not for price changes. And they were down 1.4% from the already beaten-down levels of February last year. They're back where they'd first been in November 2012!

Yes, the stock market has been on quite a run for the past several weeks, but that temporary rebound is not based on the economic fundamentals.

The truth is that the real economy is definitely starting to slow down substantially.  If you want to break it down very simply, less stuff is being bought and sold and shipped around the country, and that tells us far more about what is coming in the months ahead than the temporary ups and downs of stock prices.

Another huge red flag is the fact that the inventory to sales ratio in the U.S. has hit the highest level that we have seen since the last financial crisis…

The crucial inventory-to-sales ratio, which tracks how long unsold inventory sits around in relationship to sales, is now at a mind-bending 1.41. That's the level the ratio spiked to in November 2008, after the Lehman bankruptcy in September had put the freeze on the economy.

Inventories represent prior sales by suppliers. When companies try to reduce their inventories, they cut their orders. Suppliers see these orders as sales. As their sales slump, suppliers adjust by cutting their own orders, thus causing the sales slump to propagate up the supply chain. They all react by cutting their expenses. And if it lasts, they'll cut jobs. Inventory corrections have a nasty impact on the overall economy.

Because sales have slowed down, inventories are starting to pile up to alarmingly high levels.  And when companies see that business is slowing down, they start to let people go.

In a previous article, I told my readers that Challenger, Gray & Christmas is reporting that job cut announcements at major firms in the United States are up 32 percent during the first quarter of 2016 compared to the first quarter of 2015.

Somehow, most of the talking heads on television don’t seem too alarmed by this.

But ordinary Americans are beginning to become alarmed about what is happening.  In fact, the percentage of Americans that believe that the U.S. economy is “getting worse” is now the highest it has been since last August…

One of the more glaring examples of how strong pessimism has become is Gallup’s U.S. Economic Confidence Index. The measure gauges the difference between respondents who say the economy is improving or declining. The most recent results are not good.

Fully 59 percent say the economy is “getting worse” against just 37 percent who say it is “getting better.” That gap of 22 percentage points is the worst since August, according to Gallup, which polled 3,542 adults.

Personally, I thought that we would be a little further down the road by now, but without a doubt a new economic downturn has begun in America.

So far, it is less severe than what most of the rest of the planet is experiencing.  Japan’s GDP is officially shrinking, major banks are failing all over Europe, and even CNN admits that what is going on down in Brazil is an “economic collapse”.

It’s funny – yesterday I took time out to write an article about the horrible suffering that ISIS sex slaves are enduring, and a few of my critics took that as a sign that there must not be enough bad economic news to write about.

Well, the truth is that this isn’t the case at all.  The global economic meltdown is steaming along, even if it is moving just a little bit slower than many of us had originally anticipated.  We are moving in the exact direction that myself and many others had warned about, and the rest of 2016 is looking quite ominous for the global economy.

So hopefully everyone (including the critics) is using whatever time we have left wisely.  Because I definitely wish the very best for everyone during the exceedingly hard times that are coming.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.*

Fund Manager Asks: Is The CME Preparing For A Comex Default?

Posted: 14 Apr 2016 05:00 PM PDT

It's not a question of "if" the Comex eventually defaults but a question of "when." The move by the CME to ring-fence cash collateral at the Fed expressly suggests that an event of default may be closer than any of us realizes… Buy 2016 Gold Eagle Coins Best Prices Online Submitted by PM Fund Manager Dave […]

The post Fund Manager Asks: Is The CME Preparing For A Comex Default? appeared first on Silver Doctors.

The April Emergency The Fed Doesn’t Want You To Know About – Mike Maloney

Posted: 14 Apr 2016 04:01 PM PDT

Is silver about to STUN the markets? Buy 2016 Silver Eagles , Silver Maples, and Silver Buffalo Rounds at SD Bullion – Best Prices Online! Buy 2016 Gold Eagles Lowest Prices Online

The post The April Emergency The Fed Doesn't Want You To Know About – Mike Maloney appeared first on Silver Doctors.

Prepare For Market Shock And Awe: Three Ways To Take Advantage Of The Coming Silver Surge

Posted: 14 Apr 2016 04:00 PM PDT

Coupled with silver's demand as a hedge against monetary instability, silver is set to rise to $100 per ounce or more over the next 24 months.     Submitted by Mac Slavo, SHTFPlan: Mass layoffs and closures aren't just a phenomenon in the oil industry. In a new micro-documentary from Future Money Trends trend analyst […]

The post Prepare For Market Shock And Awe: Three Ways To Take Advantage Of The Coming Silver Surge appeared first on Silver Doctors.

Bits of Australia’s Gold history

Posted: 14 Apr 2016 04:00 PM PDT

Goldoz

Harvey Organ: Sprott’s $75 Million Silver Order Strikes A Nerve With Banksters

Posted: 14 Apr 2016 03:30 PM PDT

It looks like Eric Sprott got on the nerves of our bankers as they lowered the premium in silver to -.73%.   Remember that Eric is to get 75 million dollars worth of silver… Buy 2016 Silver Eagles, Silver Maples, & Silver Buffalo Rounds at SD Bullion – Best Prices Online   HUGE WITHDRAWAL OF SILVER […]

The post Harvey Organ: Sprott’s $75 Million Silver Order Strikes A Nerve With Banksters appeared first on Silver Doctors.

Deutsche Bank Admits It Also Rigged Gold Prices, Agrees To EXPOSE Other Manipulators!

Posted: 14 Apr 2016 03:20 PM PDT

Well, that escalated quickly…   Buy 2016 Gold Eagles Best Gold Prices Online From Tyler Durden: Earlier today when we reported the stunning news that DB has decided to “turn” against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to “valuable monetary consideration” said it would […]

The post Deutsche Bank Admits It Also Rigged Gold Prices, Agrees To EXPOSE Other Manipulators! appeared first on Silver Doctors.

Deutsche Bank Silver Settlement: GATA Vindicated

Posted: 14 Apr 2016 01:00 AM PDT

Precious metals expert Michael Ballanger riffs on the news that Deutsche Bank is settling U.S. silver pricing litigation.

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