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Wednesday, December 28, 2016

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Jim Willie, the U.S. Dollar, and the Global Reserve Status

Posted: 28 Dec 2016 01:00 PM PST

Is the US Dollar’s Global Reserve Currency Status About to Come to a Sudden and DRAMATIC END??   Buy 2017 Silver Eagles at the Lowest Price Online!

The post Jim Willie, the U.S. Dollar, and the Global Reserve Status appeared first on Silver Doctors.

Surging US Dollar in 2017 a Catalyst for Gold Bottom

Posted: 28 Dec 2016 12:37 PM PST

Gold has suffered recently in the wake of higher real interest rates while the US Dollar, thanks to higher yields has reached a 14-year high. Stronger real rates hurt Gold but so does a stronger US Dollar, which remains the dominant global currency. In addition to falling real interest rates Gold likely needs the US Dollar to approach a major peak. It may sound perverse to gold bugs but the sooner the US Dollar climbs and the stronger it gets, the closer Gold could be to the start of a new bull market.

Gold is now officially in its longest bear market ever. If we define a bull market as a multi-year advance then Gold has endured five bear markets over the past 45 years. Four of the five are plotted in the chart below. The current bear market has followed the trajectory of the 1987-1993 and 1996-2001 bears but with more downside.

dec272016goldbearanalog

Gold Bear Analog

 

Although Gold's current bear market is the longest ever, its counterpart, the US Dollar is not yet in its longest bull market ever. It would need to rise for nearly another year to achieve that feat. The chart below shows that this run in the greenback has more room to rise. The trajectory of the current bull has closely mirrored that of the 1978 to 1985 bull. If that continues then the US Dollar index could reach 110 in the first half of 2017 and 120 by the end of the year.

dec272016usdollarbulls

US Dollar Index Bull Analog

 

The two major peaks in the US Dollar (1985 and 2001) coincided with important lows in Gold. However, it is important to note that essentially all of the price damage to Gold during the corresponding bear markets occurred well before the US Dollar peaked. The chart below was inspired by an article from ReadTheTicker. After Gold's bottom in 1982, the US Dollar surged 37% but Gold only penetrated its previous low by 5%. From Gold's low in 1999 the US Dollar advanced 17% while Gold did not make a new low.

dec272016goldusd

US Dollar Index & Gold

 

The bottom line is Gold could be setting up for an epic bottom when the US Dollar becomes strong enough to cause global problems and induce policy more favorable to Gold. History shows that the majority of price damage in Gold bear markets has occurred in the earlier stages of US Dollar bull markets. A higher US Dollar will certainly push Gold lower from here but probably not too far below the 2015 low. A precursor to Gold's turn will be when it shows strength against foreign currencies and equities while the US Dollar is rising.

We reiterate that we do not want to buy a bunch of investment positions until we see sub $1100 Gold coupled with an extreme oversold condition in bearish sentiment. We certainly see bearish sentiment and some good values in the gold stocks at present. However, some of these good values could become great values before next summer. 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 Surging US Dollar in 2017 a Catalyst for Gold Bottom appeared first on The Daily Gold.

GLD: Ready To Trump-Start The Inflation Engine?

Posted: 28 Dec 2016 12:21 PM PST

Bitcoin Surpasses The Fiat Currency Totals In 124 Countries

Posted: 28 Dec 2016 12:00 PM PST

This is why they want to do everything they can to stop Bitcoin.  But, they can't… Submitted by Jeff Berwick: With bitcoin attaining new highs and a market capitalization of over $14 billion it is interesting to consider how it compares to all the government, central bank backed fiat currencies in the world. The worldwide […]

The post Bitcoin Surpasses The Fiat Currency Totals In 124 Countries appeared first on Silver Doctors.

Italy Proves That Banks Are Not the Risk-Free Fantasy We’re Told to Believe

Posted: 28 Dec 2016 11:00 AM PST

Bottom line: It matters where you put your money. They evidence is pretty obvious that banks are not risk-free. Why take the chance?   From Simon Black: In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across […]

The post Italy Proves That Banks Are Not the Risk-Free Fantasy We're Told to Believe appeared first on Silver Doctors.

3 Ridiculous Ways Congress Plans to Keep America Safe Again

Posted: 28 Dec 2016 10:00 AM PST

Are these people serious?   From Simon Black:  Around the time of Passover in 67 AD, the Jews of Judea were in the midst of a major rebellion against the occupying Roman Empire. Riots and violence were commonplace, and an organized rebel force of more than 25,000 men fought regularly against the imperial legions. But […]

The post 3 Ridiculous Ways Congress Plans to Keep America Safe Again appeared first on Silver Doctors.

Rick Rule Warns “The Dollar Is Based On Confidence”

Posted: 28 Dec 2016 09:00 AM PST

The Question Is: What Happens When That Confidence Is Lost?  

The post Rick Rule Warns “The Dollar Is Based On Confidence” appeared first on Silver Doctors.

This Is The Dawn of Civil Unrest

Posted: 28 Dec 2016 08:00 AM PST

A Checklist for Preppers To "Ride Out the Storm"…   By Daisy Luther, The Organic Prepper: Civil unrest used to be something we read about online, happening in distant countries like Egypt or Brazil. But more and more over the past few years, we've seen it erupt right here in the streets of America. The […]

The post This Is The Dawn of Civil Unrest appeared first on Silver Doctors.

Trump’s Secretary of State Pick Will “Determine War or Peace With Russia” Through His Power Over Energy

Posted: 28 Dec 2016 07:00 AM PST

When Rex Tillerson spoke at the Council on Foreign Relations in 2007, he outlined his vision for a "global market for energy." Now he will serve as Trump's top cabinet appointment.   by Aaron Dykes, TruthstreamMedia via SHTFPlan: Editor's Comment: It will interesting to see what happens next. The future depends not only on what kind of […]

The post Trump's Secretary of State Pick Will "Determine War or Peace With Russia" Through His Power Over Energy appeared first on Silver Doctors.

Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”

Posted: 28 Dec 2016 05:00 AM PST

Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU. Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU. But it gets better…   From Tyler […]

The post Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing” appeared first on Silver Doctors.

Gold to $5,000? Legendary Gold Investor Jim Sinclair Warns The Great Reset Is In Place

Posted: 28 Dec 2016 04:10 AM PST

The means to the Great reset is in place and moving forward. Physical gold will be between $3000 and $5000 bid and offered by China, Russia and others.   Here is your scenario: Submitted by Jim Sinclair, JSMineset: Dear Comrades in Golden Arms.   What is left to go before the Great Reset?   The […]

The post Gold to $5,000? Legendary Gold Investor Jim Sinclair Warns The Great Reset Is In Place appeared first on Silver Doctors.

Gold: A Significant Rally Begins? – Stewart Thomson

Posted: 28 Dec 2016 03:00 AM PST

Stewart Thomson Explains Why Gold May Be In the First Stage of a SIGNIFICANT Rally:   Submitted by Stewart Thomson: Gold may be in the first stage of a significant rally.      Gold has burst out of the short term down channel, and the recent action of the "smart money" commercial traders is very positive.      […]

The post Gold: A Significant Rally Begins? – Stewart Thomson appeared first on Silver Doctors.

Breaking News And Best Of The Web

Posted: 28 Dec 2016 01:37 AM PST

US stocks, interest rates, dollar at recent and/or record highs. Worries about valuation are spreading. US housing starts jump in November, auto sales turn down, numerous factories scaling back. Italian banks restructuring and raising capital as government begins bail-out. Deutsche Bank agrees to big fine for mortgage fraud. Terrorist attacks in Turkey and Germany.   […]

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

Merry Christmas, Gold and Silver Report 26 December, 2016

Posted: 27 Dec 2016 06:05 PM PST

Monetary Metals

Silver could be new gold; prices may rise 20% in 2017

Posted: 27 Dec 2016 06:02 PM PST

USA Gold

EU to boost border checks on cash, gold to tackle terrorism financing

Posted: 27 Dec 2016 05:59 PM PST

GATA

Silver Investing Tips Robert Kiyosaki

Posted: 27 Dec 2016 07:51 AM PST

Silver Investing Tips Robert Kiyosaki

Robert Kiyosaki, of Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not! fame explains why silver is a great asset to invest in right now.

Robert says at today’s 70 to 1 silver to gold ratio silver is a screaming Number One buy. Every investor should be interested in protecting himself from inflation and precious metals are the way to do it. Every fiat currency eventually is devalued to a point where it is practically worthless. Robert Kiyosaki says if you want to know what to do follow the Chinese – They buy silver. They buy gold. They buy commodities.

Listen to the Precious Metals Investing podcast. You can find it on both iTunes and Google Play Music for android users.

Precious Metals Investing podcast on iTunes

Precious Metals Investing podcast on Google Play Music

Video Rating: / 5

The post Silver Investing Tips Robert Kiyosaki appeared first on PreciousMetalsInvesting.com.

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