Saturday, November 19, 2016

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saveyourassetsfirst3


Jack Chan: This Past Week in Gold

Posted: 19 Nov 2016 12:38 PM PST

The Gold Report

Golds 2016 Bull Market Moving Off Course

Posted: 19 Nov 2016 12:36 PM PST

The Daily Gold

The Drought That Was Prophesied To Hit The Southern United States Is Now Here

Posted: 19 Nov 2016 12:00 PM PST

"Drought Continues to Cause Prayer to Rise" "Demand for Classic Seeds Skyrockets" "Food Prices Lead Nation's Escalating Inflation Woes" A record-setting drought has gripped the southern United States, but most people have no idea that this drought is the fulfillment of a prophecy that was given four years ago…   Submitted by Michael Snyder: A […]

The post The Drought That Was Prophesied To Hit The Southern United States Is Now Here appeared first on Silver Doctors.

Week Ahead - U.S. December Rate Hike Chances Boosts Dollar

Posted: 19 Nov 2016 11:59 AM PST

Dollar Technicals Are Stretched, But Fundamental Shift Underway

Posted: 19 Nov 2016 09:08 AM PST

U.S. Dollar Index Probably Due For A Slight Pullback Next Week (Video)

Posted: 19 Nov 2016 07:04 AM PST

Does Mr. Trump Really Want A Strong U.S. Dollar?

Posted: 19 Nov 2016 05:30 AM PST

Gold Miners' Q3'16 Fundamentals

Posted: 19 Nov 2016 03:43 AM PST

Breaking News And Best Of The Web

Posted: 19 Nov 2016 01:37 AM PST

US dollar soaring, now at highest level of the year. Interest rates rising, bond prices falling. Mortgage rates up. Gold and silver correcting, setting the stage for the next bull market. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces. […]

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

May Never Get Another Opportunity to Buy Gold at This Level Again

Posted: 18 Nov 2016 11:25 PM PST

GoldandOilGuy

Russia Adds Record 1.3 Million Ounces of Gold During October

Posted: 18 Nov 2016 09:55 PM PST

russiaShort-term investor sentiment may have turned bearish towards gold over the past week, but 2016 is still shaping up to be a very strong year for overall demand. Part of the reason is that central banks are still buying aggressively. The Central Bank of the Russian Federation added 1.3 million ounces (40.4 tons) of gold […]

Gold’s 2016 Bull Market Moving Off Course

Posted: 18 Nov 2016 07:54 PM PST

While we expected additional weakness in Gold and gold stocks (weeks ago) we did not quite expect the kind of selling the sector experienced in the wake of Donald Trump's election victory. The market reacted by sending bond yields dramatically higher which resulted in stronger real interest rates, which is fundamentally negative for precious metals. This has created significant technical damage in the sector and has potentially thrown the 2016 bull off course.

Our first chart shows how and when this bull market went off course. Below we compare the current rebound in Gold to some of those from the past. As you can see, the 2016 rebound was well on course until the second half of September. That is when historical bull markets pushed higher. Unfortunately, Gold broke lower and has continued to trade lower. It has diverged from its bull market course.

nov182016goldbullsan

Gold Bull Analog

 

Our next chart pertains to the bull market in gold stocks and specifically the HUI Gold Bugs Index. The chart shows that this needs to be an important low for the bull market to remain intact. While I expect a rebound very soon, I have some doubts that the low will hold.

nov182016huibulls

HUI Bull Analog

 

Next we compare the current correction in the HUI to past bull market corrections. Like the last analog, this one shows the gold stocks need to begin a big rebound for their bull market to remain intact. Both analogs show that the gold stocks cannot go lower from here if they are to remain in a bull market.

nov182016huicorrections

HUI Correction Analog

 

Both history and current price action argue that Gold and gold stocks are at risk of a big decline if they lose the current lows. If Gold loses $1200/oz then it could drop quickly to $1080/oz or even $1050/oz, the major low. The same can be said for GDX which bounced from its 62% retracement and 80-week moving average at $20. Below I have sketched out how this bearish scenario could play out. Note, this sketch is purely subjective and subject to change.  

nov182016goldgdxproj

Unless Gold and gold stocks hold current levels and form an important low then the 2016 bull market has gone off course. At present, the evidence favors the bearish scenario which has the sector trading lower in the months ahead. We could chalk this up to a fundamental change (which I consider to be temporary) coupled with the potential for a spike in the US Dollar. Investors are advised to de-risk their portfolios during the coming rebound and prepare for a better buying opportunity at the end of winter. For professional guidance in riding the bull market in Gold, consider learning more about our premium service including our favorite junior miners for 2017.

Jordan Roy-Byrne, CMT, MFTA

Jordan@TheDailyGold.com

The post Gold's 2016 Bull Market Moving Off Course appeared first on The Daily Gold.

US Mint STUNS Silver Market, Suspends Silver Eagle Sales Until 2017

Posted: 18 Nov 2016 06:30 PM PST

Without Any Prior Warning, Moments Ago the US Mint Advised Their AP’s That The Mint is Suspending Silver Eagle Sales, & No Further Coins Will Be Available Until 2017 Silver Eagles Are Released  at Some Point in January… PM Fund Manager Dave Kranzler Joins Us To Break Down the Silver Market Impact, CHAOS in the Bond Markets, […]

The post US Mint STUNS Silver Market, Suspends Silver Eagle Sales Until 2017 appeared first on Silver Doctors.

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Speculators Are Finally Bailing Out Of Gold – And That’s A Good Thing

Posted: 18 Nov 2016 06:03 PM PST

All this talk of massive new infrastructure spending financed with a tsunami of newly created-currency should be lighting a fire under gold. That it hasn't is a testament to how out-of-whack the market had gotten during the first six months of this year. As gold went up, the futures contract traders whose games tend to […]

The post Speculators Are Finally Bailing Out Of Gold – And That's A Good Thing appeared first on DollarCollapse.com.

Monsanto Is SCRAMBLING To Bury This Breaking Story…

Posted: 18 Nov 2016 01:01 PM PST

Well, THIS is Disturbing:    From Food Babe:    2017 2 oz Silver Queen's Beasts The Griffin Intro Pricing: $2.79/oz Over Spot, ANY QTY! I am frankly shocked this information is not making front page news right now. Monsanto will do anything to bury this story… and as of right now, it's working. Not a single mainstream […]

The post Monsanto Is SCRAMBLING To Bury This Breaking Story… appeared first on Silver Doctors.

SRSRocco Warns MASSIVE Asset Deflation Ahead

Posted: 18 Nov 2016 01:00 PM PST

The world is sitting at the edge of a massive deflationary cliff.      From SRSRocco: Even though Central Banks are desperately trying to keep the world's financial assets from plunging down into the great depression below, signs suggest they are losing the battle. One critical sign is the peak and decline of International Reserves.  […]

The post SRSRocco Warns MASSIVE Asset Deflation Ahead appeared first on Silver Doctors.

“It’s Absolute Chaos” Eric Sprott On MEGA Moves In Bonds, Dollar, & Precious Metals

Posted: 18 Nov 2016 01:00 PM PST

Eric Sprott breaks down the HISTORIC moves in currencies, the bond market, & precious metals.  “It’s Absolute Chaos…”    From SprottMoney: On Sale At SD Bullion… This Week Only…

The post “It’s Absolute Chaos” Eric Sprott On MEGA Moves In Bonds, Dollar, & Precious Metals appeared first on Silver Doctors.

SURVIVING Economic Collapse and Cashless Society In India

Posted: 18 Nov 2016 09:54 AM PST

Only 7 days into India’s currency reset, the nation of 1.2 billion people is rapidly descending into chaos. Luke Rudkowski takes you along on his travels as he is broke like a joke in Goa India after the latest currency reset. We show you the current situation on the ground and cover the latest economic, […]

The post SURVIVING Economic Collapse and Cashless Society In India appeared first on Silver Doctors.

UNPRECEDENTED US BOND DUMPING UNDERWAY | Jim Willie

Posted: 18 Nov 2016 09:45 AM PST

A dollar collapse is coming…     Jim Willie editor of the Hat Trick letter joins Silver Doctors to Sound the Alarm: foreign governments are getting concerned about the Federal Reserve devaluing the U.S. dollar. As a result, foreign governments are dumping U.S. debt at an unprecedented rate. Regarding the U.S. presidential election, Willie says […]

The post UNPRECEDENTED US BOND DUMPING UNDERWAY | Jim Willie appeared first on Silver Doctors.

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