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Sunday, November 20, 2016

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Gold Stocks Will SOAR When This Happens…

Posted: 20 Nov 2016 01:00 PM PST

Most investors and speculators today aren't paying attention to the gold miners' strong fundamentals.  Instead they are all wrapped up in the fearful prevailing sentiment.  That's a big mistake as always.  While gold-mining operating profitability will decrease in Q4 if gold prices remain low, gold's young bull is far from over.  When it starts powering […]

The post Gold Stocks Will SOAR When This Happens… appeared first on Silver Doctors.

Bond BLOODBATH! – Harvey Organ

Posted: 20 Nov 2016 08:08 AM PST

BOND BLOODBATH ACROSS THE GLOBE…   BOND BLOODBATH ACROSS THE GLOBE/HIGHER YIELDS POSE FUTURE PROBLEMS FOR CORPORATES/WE HAVE A HUGE GAIN OF 107,000 OZ OF GOLD STANDING AND THUS IN NOV 8.3 TONNES STANDING/CHINESE YUAN (OFFSHORE) PLUMMETS TO 6.91 TO THE DOLLAR/YEN PLUMMETS TO 110 TO THE DOLLAR AS MOST CURRENCIES FALTER WITH THE HIGHER […]

The post Bond BLOODBATH! – Harvey Organ appeared first on Silver Doctors.

Speculators Are Finally Bailing Out Of Gold - And That's A Good Thing

Posted: 20 Nov 2016 05:00 AM PST

More Weakness Ahead in Gold Stocks

Posted: 04 Nov 2016 12:53 PM PDT

The gold stocks continue to correct their epic +150% rebound that began in January and ran into the summer. Last week it was the poor relative strength in the miners that hinted the correction had more to go in both time and price. This week, it was the miners failure at a confluence of resistance, even with Gold trading above $1300, that argued for more weakness ahead. While most of the damage has already been done, our work argues for more weakness before a buying opportunity.

In the daily candle chart below, you can see how this week the miners failed at a confluence of resistance. Over the past four trading days the miners tested but failed at their 50-day moving averages. In addition, GDX failed at $26, which was previous support. Meanwhile, GDXJ failed at $43 which was also previous support.

The weekly charts give a cleaner look at the aforementioned failure as well as what should be strong support. Note how GDX tested and failed at $26 and is likely to close the week below weekly resistance at $25. It has downside support at $21-$22. GDXJ tested $43 and will close the week well below that resistance. It has downside support at $33-$35.  

The gold stocks are ripe for further selling given recent price action and their weak relative strength. Nevertheless, the market has almost priced in the Fed rate hike (79% probability as of yesterday) and another round of weakness in the gold stocks would likely lead to a buying opportunity and strong rebound. As we noted last week, this correction could end up like the 2002 correction in terms of price and the 2001 correction in terms of time. Our downside and buy targets are GDX $21-$22 and GDXJ $33-$35. For professional guidance in riding the bull market in Gold, consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2017.

Jordan Roy-Byrne, CMT, MFTA

Jordan@TheDailyGold.com

 

The post More Weakness Ahead in Gold Stocks appeared first on The Daily Gold.

Gold Price Pressing Former Support Zone

Posted: 03 Nov 2016 02:32 PM PDT

Podcast: Instability On The Horizon

Posted: 02 Nov 2016 05:09 PM PDT

Between political instability and financial misrule, 2017 looks ripe for another financial crisis. Gold is the best protection.

The post Podcast: Instability On The Horizon appeared first on DollarCollapse.com.

This posting includes an audio/video/photo media file: Download Now

Interview with Korelin Economics Report

Posted: 02 Nov 2016 02:50 PM PDT

The founder and editor of The Daily Gold website, Jordan Roy-Byrne shares his thoughts on the gold market. We first address the fact that this recent gold move has surprised him but most of this is due to changes in the election narrative. We look further out to next year when we have the election and December Fed meeting behind us and assess just how long this bull market could go for.

Click Here for the Interview on Korelin Economics Report.

 

The post Interview with Korelin Economics Report appeared first on The Daily Gold.

This Is What Gold Does In A Political Crisis, “Trump Might Actually Win” Edition

Posted: 02 Nov 2016 10:42 AM PDT

A week ago it looked like the US government was destined to end up firmly – maybe even more firmly — in the hands of the banks, public sector unions and defense contractors. Trump was imploding and the markets were basking in the prospect of never-ending liquidity from a re-energized Fed. And safe-haven assets like […]

The post This Is What Gold Does In A Political Crisis, "Trump Might Actually Win" Edition appeared first on DollarCollapse.com.

Gold Price – 1300 is a Big Spot

Posted: 01 Nov 2016 06:57 PM PDT

Silver Price Forecast: Silver Is Looking Really Bullish In Dollars, Euros and Rands

Posted: 01 Nov 2016 06:14 AM PDT

Silver in South African Rand The South African Rand is often a leading indicator for where silver (in dollars) is going, as previously explained. Furthermore, the chart of the silver price in rands can often provide very clear signals or patterns of what might happen to price. Currently, the silver price in rands provides the…

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