Saturday, February 25, 2017



Why Is NASA Using The Discovery Of 7 New Earth-Sized Planets To Promote The Idea That Alien Life May Exist?

Posted: 25 Feb 2017 12:00 PM PST

NASA told us in advance that there would be a huge announcement on Wednesday, and it certainly was not a disappointment.  NASA's declaration that 7 new Earth-sized planets had been discovered approximately 40 light years away from our sun made headlines all over the globe, and the Internet immediately started buzzing with lots of discussions […]

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Gold Futures Buying Hasn't Even Started Yet

Posted: 25 Feb 2017 11:48 AM PST

Speculators Grow Net Long Dollar-Bloc Currency Futures, While Bears Jump On Short Euro

Posted: 25 Feb 2017 11:04 AM PST

Coeur Mining - Reviewing A Major Silver Producer

Posted: 25 Feb 2017 08:50 AM PST

Wesdome Gold Mines Ltd. 2016 Q4 - Results - Earnings Call Slides

Posted: 25 Feb 2017 06:00 AM PST

Gold Continues To Defy Fed’s Attempt To Control The Price - Rory Hall

Posted: 25 Feb 2017 02:03 AM PST

Sprott Money

Breaking News And Best Of The Web

Posted: 25 Feb 2017 01:37 AM PST

US stocks finish at record high. Gold and silver at multi-week highs. Bitcoin near all-time high. Trump national security adviser scandal evolving, EPA chief controversy ramping up after email release. Debate over Putin and fake news intensifies.   Best Of The Web It's bubble time! – Peak Prosperity Dazed & confused… Treasury buying vs. asset […]

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Underperformance in Gold Stocks Argues for Interim Peak

Posted: 24 Feb 2017 07:05 PM PST

The Daily Gold


Posted: 24 Feb 2017 05:00 PM PST

As Gold & Silver Burn Higher,  Dubin & Fund Manager Dave Kranzler Reveal the Cartel’s BIGGEST FEAR:    MOMENTUM “They’re Selling the Crap Out of Miners!” Gold & Silver Roar Higher Friday As Gold Bursts Through $1250/oz, Silver Rises to $18.40...Yet Shares Lag Significantly & Are Hammered into the Close. Did A Massive Capping Effort On […]

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Underperformance in Gold Stocks Argues for Interim Peak

Posted: 24 Feb 2017 03:09 PM PST

The early stages of Gold bull markets (this one included) are characterized by strong outperformance from the miners. They will lead the metals and turning points and register strong outperformance. We saw that in the early 2000s, late 2008 to early 2009 and we have seen it again over the past year. During the recent rebound, the miners rallied back to the "Trump" resistance while Gold is not yet close to doing so. However, unfortunately for bulls, while Gold is now pushing higher above key levels, the gold stocks are lagging. This new and recent underperformance suggests the gold stocks have made an interim peak and will remain entrenched in a correction or consolidation.

In the daily bar chart below we plot Gold, GDX and GDXJ. Gold closed the week up 1.6% and through resistance at $1250/oz while both GDX and GDXJ closed down over 2.5%. That is a strong negative divergence. Gold also eclipsed its early February high while miners did not. Do note that the miners already reached their early November peak (GDXJ exceeded it) while Gold remains some $40/oz below that peak. Buying in the miners reached an exhaustion point.  




So if the gold stocks are correcting, how much downside potential is there? Upon first glance, we see 8% downside for GDX and 10% to 12% downside for GDXJ and TheDailyGold junior index. Note that the miners have already corrected roughly 6% to 9%. Keep an eye on GDX $22 because it is a confluence of strong support. It includes the 400-day exponential moving average which has provided support during many bull market corrections. The same can be said for the 350-day exponential moving average for TheDailyGold junior index. The secondary downside target for GDX and GDXJ would be the 400-day moving averages which are currently at $20 and $30 and rising.


TDG Junior Index, GDXJ, GDX


After a roughly 40% to 50% rebound in only two months it should be no surprise that the mining sector has begun to soften around important resistance. Therefore, the recent underperformance in the shares relative to the metals (Silver included) rather than a surprise is confirmation that a correction in the shares has begun. We expect the metals to follow suit soon enough. Investors and traders are advised to accumulate their favorite names as the mining sector nears our downside targets. For professional guidance in riding this new bull market, consider learning more about our premium service including our current favorite junior miners.  


Jordan Roy-Byrne, CMT, MFTA


“The Heightened Risk Of A Gold Price Reset” – Andrew Maguire

Posted: 24 Feb 2017 02:05 PM PST

Well, this is something that you’re definitely going to want to read…   By Andrew Maguire, TFMetalsReport: On Feb 6th I warned of a heightened risk of a gold price reset based upon evidence that the all-important physical markets are increasingly influencing the price setting synthetic markets at time we are experiencing extremely strong physical demand […]

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RED ALERT: “And Then They Came For Me”

Posted: 24 Feb 2017 02:00 PM PST

It's hard to overstate the pure evil and tyranny Google has engaged in by wiping off the internet. Not only has the attack on the free press and REAL NEWS been taken to the next level with this move, but this assault on FREE SPEECH will undoubtedly COST LIVES. The valuable catalog of information […]

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