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- Gold & Silver Conspiracy Theory Now a Proven Fact | GATA’s Bill Murphy
- ‘Guccifer’ And The Kremlin’s 20,000 Hacked Emails – In The Eye Of Hillary’s Perfect Storm
- It Will Be Like Dominoes: “Next Employment Crisis Is Already Here”
- Poultry Workers at Tyson & Perdue Claim They’re Denied Bathroom Breaks and Wear Diapers on the Job
- Correction or Final Push Higher?
- The Number of Americans Renouncing Just Keeps Going Up
- “China is Buying Canada” – Notes From a Gigantic Real Estate Bubble
- Gold, Silver, Stock Market
- What Would Have to Happen For Us to See Hyperinflation- AGXIIK
- It Finally Happened: 500 Euro Notes Will No Longer Be Produced
- Commercial Gold ‘Hedgers’ Turn Up the Heat
- The Resurgent Pig
- Army Captain Sues President Obama Over Illegal and Unconstitutional War on ISIS
- Puerto Rico and Gold
- Market Report: Q1 gold demand 1,290 tonnes - WGC
- Gold Lease Rates and Gold Prices
- FTSE 100 slides as oil rally fades on dollar strength
- Goldcorp Is Back and Spending: Could West Red Lake Gold Mines Be Next?
- Correction or Final Push Higher?
| Gold & Silver Conspiracy Theory Now a Proven Fact | GATA’s Bill Murphy Posted: 13 May 2016 01:00 PM PDT Bill Murphy returns to give specific evidence that proves the fact that Western banks have been illegally conspiring to suppress the price of precious metals. Murphy also weighs in on whether or not the recent move in precious metals signals a confirmed breakout in the gold and silver markets, and gives his most-likely scenario for […] The post Gold & Silver Conspiracy Theory Now a Proven Fact | GATA’s Bill Murphy appeared first on Silver Doctors. |
| ‘Guccifer’ And The Kremlin’s 20,000 Hacked Emails – In The Eye Of Hillary’s Perfect Storm Posted: 13 May 2016 12:30 PM PDT As if all this wasn't enough bad news for Mrs. Clinton in one week, the FBI learned last week from the convicted international hacker, who calls himself Guccifer, that he knows how the Russians came to possess Mrs. Clinton's emails; and it is because she stored, received and sent them from her personal, secret, non-secure server. […] The post ‘Guccifer’ And The Kremlin’s 20,000 Hacked Emails – In The Eye Of Hillary’s Perfect Storm appeared first on Silver Doctors. |
| It Will Be Like Dominoes: “Next Employment Crisis Is Already Here” Posted: 13 May 2016 12:00 PM PDT Firms are suddenly laying off a MASSIVE amount of people… Buy Silver Coins and Rounds at SD Bullion From Michael Snyder: Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the […] The post It Will Be Like Dominoes: "Next Employment Crisis Is Already Here" appeared first on Silver Doctors. |
| Poultry Workers at Tyson & Perdue Claim They’re Denied Bathroom Breaks and Wear Diapers on the Job Posted: 13 May 2016 11:30 AM PDT Some workers have urinated or defecated themselves while working because they can't hold on any longer, the report said. Some workers "restrict intake of liquids and fluids to dangerous degrees… Submitted by Michael Krieger: More than any other group, the 1% has been convinced that the stock market represents some sort of leading indicator […] The post Poultry Workers at Tyson & Perdue Claim They're Denied Bathroom Breaks and Wear Diapers on the Job appeared first on Silver Doctors. |
| Correction or Final Push Higher? Posted: 13 May 2016 11:17 AM PDT The Daily Gold |
| The Number of Americans Renouncing Just Keeps Going Up Posted: 13 May 2016 11:00 AM PDT The trend is quite clear: 2016 Silver Shield Trump at SD Bullion Submitted by Simon Black: Today the IRS published the latest figures on renunciation, showing that yet another 1,158 Americans have renounced their citizenship in the first quarter of 2016. While this may not be setting a record for a single quarter, […] The post The Number of Americans Renouncing Just Keeps Going Up appeared first on Silver Doctors. |
| “China is Buying Canada” – Notes From a Gigantic Real Estate Bubble Posted: 13 May 2016 10:30 AM PDT Many of you will be intimately familiar with the massive real estate bubble still in the process of inflating in certain parts of Canada, particularly Vancouver. The insanity of it all recently received a great deal of public attention when the following home was listed for $2.4 million earlier this year (it has since sold): […] The post "China is Buying Canada" – Notes From a Gigantic Real Estate Bubble appeared first on Silver Doctors. |
| Posted: 13 May 2016 10:01 AM PDT Biwii |
| What Would Have to Happen For Us to See Hyperinflation- AGXIIK Posted: 13 May 2016 10:00 AM PDT The inflation hoped for by the Fed and ECB won't happen until people lose faith in their cash… By AGXIIK: Governments and central banks has this misplaced notion that they can control inflation and the economy. In reality they cannot control anything and in most cases when they try to control inflation and […] The post What Would Have to Happen For Us to See Hyperinflation- AGXIIK appeared first on Silver Doctors. |
| It Finally Happened: 500 Euro Notes Will No Longer Be Produced Posted: 13 May 2016 09:30 AM PDT Well, it finally happened. After months of innuendo, the European Central Bank (ECB) announced last night once and for all that they will no longer produce the 500 euro note. 2016 Silver Shield Trump at SD Bullion Submitted by Simon Black: The 500 euro note is the highest denomination of physical currency in the […] The post It Finally Happened: 500 Euro Notes Will No Longer Be Produced appeared first on Silver Doctors. |
| Commercial Gold ‘Hedgers’ Turn Up the Heat Posted: 13 May 2016 09:00 AM PDT Michael Ballanger discusses the most recent COT report, which shows levels not seen since 2010–2011. Buy 2016 Silver Maples Lowest Price Ever! Source: Michael Ballanger Just as investors around the globe have finally concluded that all forms of “fiduciary” does not revolve around AAPL, NFLX or AMZN, instead pouring trillions of dollars into the […] The post Commercial Gold ‘Hedgers’ Turn Up the Heat appeared first on Silver Doctors. |
| Posted: 13 May 2016 08:19 AM PDT Choosing to ignore last week's devastating jobs report, the POSX is soaring again today on the backs of the latest government data points. So far, at least, gold and silver are failing to cooperate to the downside. Let's hope this continues. |
| Army Captain Sues President Obama Over Illegal and Unconstitutional War on ISIS Posted: 13 May 2016 08:00 AM PDT Obama's ISIS War is Not Only Illegal, it Makes George W. Bush Look Like a Constitutional Scholar… Buy 2016 Silver Maples Lowest Price Ever! Submitted by Michael Krieger: Before I get into the heart of this piece, I want to once again applaud Bruce Ackerman, professor of law and political science at Yale, and author of "The […] The post Army Captain Sues President Obama Over Illegal and Unconstitutional War on ISIS appeared first on Silver Doctors. |
| Posted: 13 May 2016 07:17 AM PDT SunshineProfits |
| Market Report: Q1 gold demand 1,290 tonnes - WGC Posted: 13 May 2016 05:21 AM PDT Finance and Eco. |
| Gold Lease Rates and Gold Prices Posted: 13 May 2016 03:17 AM PDT SunshineProfits |
| FTSE 100 slides as oil rally fades on dollar strength Posted: 13 May 2016 02:09 AM PDT This posting includes an audio/video/photo media file: Download Now |
| Goldcorp Is Back and Spending: Could West Red Lake Gold Mines Be Next? Posted: 13 May 2016 01:00 AM PDT Goldcorp is fresh off an announced transaction of $520M for Kaminak Gold, which is a big win for the industry. The company has been quietly putting dollars in juniors, like $16M in Gold Standard... Visit the aureport.com for more information and for a free newsletter |
| Correction or Final Push Higher? Posted: 13 May 2016 12:03 AM PDT Despite maintaining an overbought condition and despite the recent bearish posture of many sector pundits, the gold stocks have yet to correct more than 11%. Since the end of January the gold stocks have held above their 50-day moving averages, which is often support during a strong trend. If the gold stocks break their lows of the past two weeks then it should usher in a 20% correction and correct the current overbought condition. However, if gold stocks do not break initial support they could begin a melt-up that would lead to a more serious correction in the summer. The chart below plots the three major rebounds in the HUI from the three most significant lows. The time and price scale begins from where the current rebound started. At this juncture, the two other rebounds corrected at least 20%. The current rebound has tracked the 2008 rebound very closely. That bull endured two 20% corrections over the next few months which proved to be good buying opportunities.
 HUI Bull Analogs
If the gold stocks do not break initial support and correct more, they would be at risk of a deeper correction following another push higher. The following chart is GDM, the parent index for GDX. Unlike GDX, GDM has a history that dates back to 1993. GDM closed Thursday at 684. It has a major resistance target at 800-810. A move to 800 is 17% upside while a move to 810 equates to GDX 29.
 GDM Daily
Also note the three oscillators at the bottom of the chart which plot GDM's distance from its 100-day, 200-day and 400-day exponential moving averages. The gold stocks are not as overbought as they were in 2002 but they are more overbought than at any other time in the past 23 years. That is a good sign considering we are early in a new bull market but it does warn of a probable sharp correction. The support and resistance for GDX and GDXJ continue to be clear. GDXJ has support at $32-$33 with upside targets at $43-$45 and $50. Meanwhile, GDX has support around $22 with upside targets at $27-$28 and $30. A final push higher (before a correction) could take GDX to $29-$30 and GDXJ to $45.
 GDXJ & GDX
The past few months has been an amazing ride in the gold stocks but all good things come to an end. Unless the gold stocks break initial support and correct by 20% (from recent peaks) then the risk of a final push higher or melt-up type move increases. That is great for us bulls but the problem is it would likely lead to a 30% correction and a potential multi-month consolidation during the second half of 2016. Consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2016.
Jordan Roy-Byrne, CMT
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