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Friday, July 29, 2016

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$1350 & $20.50: Gold and Silver Are RIGHT AT Their Breakout Points! – Eric Sprott

Posted: 29 Jul 2016 01:21 PM PDT

“This logjam of paper supply WILL be broken some day, and there’s lots of signs it could be VERY Imminent!” The Admiral of the Silver Market Eric Sprott discusses today’s DISMAL GDP report, and assesses the market conditions for gold and silver headed into August – At $1350 and $20.50 gold and silver prices are right at […]

The post $1350 & $20.50: Gold and Silver Are RIGHT AT Their Breakout Points! – Eric Sprott appeared first on Silver Doctors.

Brexit, Bullion and BitGold – What’s Next? | Alasdair MacLeod

Posted: 29 Jul 2016 01:00 PM PDT

What does BREXIT signal for gold bullion and BitGold?  Has a Major Move Been Ignited? 2016 Gold Freedom Girl Stunning Artwork at Bullion Premiums

The post Brexit, Bullion and BitGold – What's Next? | Alasdair MacLeod appeared first on Silver Doctors.

Japan Sends Massive Monetary Shock Wave Across the Planet: “Will Create A Big Upward Price Adjustment In Gold And Silver”

Posted: 29 Jul 2016 01:00 PM PDT

This is a global game changer…   2016 Gold Freedom Girl Stunning Artwork at Bullion Premiums Submitted by Mac Slavo, SHTFPlan: In what appears to be a strategy designed to keep their financial system afloat when fiat currencies around the world collapse under the strain of trillions in quantitatively eased debt, the Tokyo Commodity Exchange (TOCOM) has […]

The post Japan Sends Massive Monetary Shock Wave Across the Planet: "Will Create A Big Upward Price Adjustment In Gold And Silver" appeared first on Silver Doctors.

Christmas in July As Gold and Silver Rocket Higher!

Posted: 29 Jul 2016 12:56 PM PDT

We’ve spent the last two weeks making some bold predictions about the price of gold, the Bank of Japan and interest rates. Now here we are at the end of the month and things have unfolded almost precisely as we’d hoped. The GDP numbers finally sparked the metals as there is now hardly anyone left […]

The post Christmas in July As Gold and Silver Rocket Higher! appeared first on Silver Doctors.

Correction Over, Gold and Gold Stocks Eyeing New Highs

Posted: 29 Jul 2016 12:11 PM PDT

The Daily Gold

Michael Moore Explains Why Donald Trump Will Win In November – And It Actually Makes Perfect Sense

Posted: 29 Jul 2016 12:00 PM PDT

The establishment will do whatever they have to do to keep Donald Trump out of the White House.  And now that the general election looks like it will be much closer than anticipated, we may get to see what lengths the establishment is willing to go to in order to get rid of a "problem […]

The post Michael Moore Explains Why Donald Trump Will Win In November – And It Actually Makes Perfect Sense appeared first on Silver Doctors.

Jim Rickards: Sept 4th G20 Meeting to Signal End of Petrodollar?

Posted: 29 Jul 2016 12:00 PM PDT

Is the Dollar’s Funeral Scheduled for September 4th? US Mint Silver Eagle Coins Submitted by Larry White: This is a brief news note. It looks like Jim Rickards has provided us a new date to keep an eye on. In his Strategic Intelligence newsletter, he says that the upcoming G20 meeting in September will start […]

The post Jim Rickards: Sept 4th G20 Meeting to Signal End of Petrodollar? appeared first on Silver Doctors.

If Deutsche Bank Sneezes…Europe Will Fall

Posted: 29 Jul 2016 11:00 AM PDT

So unless Deutsche Bank pulls out a Hail Mary earnings report with strong guidance expect a DOWNGRADE of Deutsche Bank to BELOW investment grade in the coming weeks. There is only so much lipstick you can put on a pig like DB…   US Mint Silver Eagle Coins Submitted by Bix Weir, Road to Roota: Big […]

The post If Deutsche Bank Sneezes…Europe Will Fall appeared first on Silver Doctors.

Italian Banks are CRASHING – Is Europe Collapsing into Chaos?

Posted: 29 Jul 2016 10:45 AM PDT

The Money GPS breaks down the Italian Banking Crisis – Has the Next Financial Contagion Begun? Lowest Priced US Mint Silver Eagles

The post Italian Banks are CRASHING – Is Europe Collapsing into Chaos? appeared first on Silver Doctors.

Correction Over, Gold & Gold Stocks Eyeing New Highs

Posted: 29 Jul 2016 10:02 AM PDT

In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust. A negative reaction to the Federal Reserve statement could have caused lower prices but instead Gold and gold stocks are now primed for new highs. Fundamentally, we know the Fed will do nothing to prevent real rates from remaining negative. Since the trend has turned, Gold and gold stocks have mostly ignored the moronic, empty drivel emanating from these supposed geniuses. Moreover, despite reports of increased potential for a rate hike in September, weakness in precious metals abated and buyers returned.

The hourly chart below reveals that the correction in the gold stocks was simply a retest of the July breakout from the upward sloping reverse head and shoulders pattern (in May and June). The strong rebound over the past few days allows us to deem the retest successful.

July292016minersh

GDX, GDXJ Hourly

 

 

The weekly chart shows the same retest but also how the correction served as a retest of the breakout past the 2014 highs. The arrows mark the 2014 highs and the earlier low of this week. Our minimum downside targets were GDX $27 and GDXJ $41-$42. GDX touched $27 while GDXJ's low came at $43.

July292016minerswk

GDXJ, GDX Weekly Candles

 

Gold has also successfully retested its breakout. We thought it could come back to a minimum of $1300 and as low as $1280. Gold bottomed at $1310 this week and is set to close the week and the month well above $1330-$1335 resistance. Moreover, the strength in the miners since Wednesday reinforces that Gold will likely follow.

Summing it up, the correction is over and Gold and gold stocks could threaten new highs in August. A few weeks of consolidation near recent highs would not be bearish though. There are just too many people on the sidelines waiting to get in this market. They have been fooled by the CoT, the US Dollar rally or the meme that miners have gained too much too fast and need a big correction. Our views are always subject to change but we continue to see Gold reaching $1500-$1550 before any counter trend move. That implies plenty more gains in the miners in the weeks and months to come. For professional guidance in riding the uptrend in Gold, consider learning more about our premium service including our favorite junior miners which we expect to outperform in the second half of 2016.

 

Jordan Roy-Byrne, CMT, MFTA

Jordan@TheDailyGold.com

 

How We’re Investing to Disrupt the System

Posted: 29 Jul 2016 10:00 AM PDT

For me it's been life-changing. And the world certainly needs disrupting…   US Mint Silver Eagle Coins Submitted by Simon Black, Sovereign Man: I'll be brutally honest– I'm so tired right now I can barely write this email. For the past five days I've been going on almost no sleep. I've been on my feet […]

The post How We're Investing to Disrupt the System appeared first on Silver Doctors.

Harvey Organ: COMEX Silver OI EXPLODES to New Record!

Posted: 29 Jul 2016 07:30 AM PDT

SILVER COMEX HAS A NEW RECORD 223,201 TOTAL OPEN INTEREST!   THE FRONT GOLD COMEX OI FOR AUGUST IS 42,275 WHICH IS EXTREMELY HIGH AND INDICATES A HUGE AMOUNT OF GOLD WILL STAND/JULY GOLD OFFICIALLY STANDS AT 21.452 TONNES/BIG ANNOUNCEMENT TONIGHT ON THE STIMULUS PLAN IN JAPAN. IF A FAILURE ALL MARKETS WILL TANK TOMORROW/ALSO […]

The post Harvey Organ: COMEX Silver OI EXPLODES to New Record! appeared first on Silver Doctors.

Christmas in July

Posted: 29 Jul 2016 06:47 AM PDT

Well, we've spent the last two weeks making some bold predictions about the price of gold, the Bank of Japan and interest rates. Now here we are at the end of the month and things have unfolded almost precisely as we'd hoped. Won't it be fun to see what gifts August brings?

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Trump, Clinton, “Ugliest” Election Coming – Gold’s “Summer Doldrums” Prior To Resumption of Bull Market

Posted: 29 Jul 2016 06:03 AM PDT

gold.ie

July BoJ Meeting and Gold

Posted: 29 Jul 2016 05:22 AM PDT

SunshineProfits

Joe Weisenthal: How Donald Trump changed my mind about gold

Posted: 29 Jul 2016 03:00 AM PDT

GATA

Breaking News And Best Of The Web

Posted: 28 Jul 2016 06:44 PM PDT

IMF admits it mishandled Greek crisis. Plunging interest rates turning insurance companies into hedge funds. Oil back in technical bear market. Japan considers 50-year bonds. Companies report fake numbers. Money pours into corporate bonds as sovereign yields go negative. Clinton accepts nomination. Gold and silver miners start reporting earnings.   Best Of The Web IMF […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

Top Ten Videos — July 29

Posted: 28 Jul 2016 05:15 PM PDT

Monetary sickness and creditism have replaced capitalism. What’s next after Brexit. Thomas Frank on what’s wrong with the Democrats. Jim Rickards, Egon von Greyerz, and Ronald-Peter Stoeferle on gold.                    

The post Top Ten Videos — July 29 appeared first on DollarCollapse.com.

Gold Daily and Silver Weekly Charts - Helicopter Money - Hope and Change

Posted: 28 Jul 2016 04:00 PM PDT

Le Cafe Américain

Gold Price – 1350s May Provide Trading Resistance

Posted: 27 Jul 2016 06:41 PM PDT

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