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Tuesday, October 9, 2018

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People Trying To Time The Stock Market Crash Won’t Be Able To Sell Their Stocks To Buy Gold

Posted: 09 Oct 2018 01:30 PM PDT

If investors try to wait until the stock market is crashing to sell their stocks and buy gold, it will already be too late. Here’s why… John Rubino interviewed by […]

The post People Trying To Time The Stock Market Crash Won’t Be Able To Sell Their Stocks To Buy Gold appeared first on Silver Doctors.

Rising Yields Are About To Wipe That Stupid Grin Off Wall Street’s Face

Posted: 09 Oct 2018 12:00 PM PDT

It has been long accepted that rising rates would cause the stock market to fall, and it looks like we are finally seeing those effects. Here are the details… by […]

The post Rising Yields Are About To Wipe That Stupid Grin Off Wall Street’s Face appeared first on Silver Doctors.

Poland Is Buying Gold At A Pace Not Seen In 20 Years (And That’s Just One Reason To Be Bullish)

Posted: 09 Oct 2018 10:30 AM PDT

There are several reasons to be bullish on gold right now, and it’s not just about sovereign gold purchases. Here are a handful of the reasons… by Frank Holmes of […]

The post Poland Is Buying Gold At A Pace Not Seen In 20 Years (And That’s Just One Reason To Be Bullish) appeared first on Silver Doctors.

The Chinese Yuan Is Tracking Gold Closer Than Any Other Currency

Posted: 09 Oct 2018 09:00 AM PDT

Why has the Chinese yuan been tracking the gold price so closely lately, and could it have anything to do with the trade war? Here’s some insight… by Bilal Hafeez […]

The post The Chinese Yuan Is Tracking Gold Closer Than Any Other Currency appeared first on Silver Doctors.

Victory For Draining The Swamp? Nikki Haley Resigns As Ambassador To The UN (See It Here)

Posted: 09 Oct 2018 07:43 AM PDT

President Trump has accepted Nikki Haley’s resignation. Here’s a live stream of the press conference from the Oval Office set to begin any moment… We have the heads up: Big […]

The post Victory For Draining The Swamp? Nikki Haley Resigns As Ambassador To The UN (See It Here) appeared first on Silver Doctors.

Harvey Organ: 4.41 Tons Of Registered COMEX Gold Available But 9.37 Tons Standing For Delivery

Posted: 09 Oct 2018 06:00 AM PDT

Harvey has run the numbers, and there is twice as much gold standing for delivery as there is registered gold at the COMEX. Here are the details… by Harvey Organ […]

The post Harvey Organ: 4.41 Tons Of Registered COMEX Gold Available But 9.37 Tons Standing For Delivery appeared first on Silver Doctors.

Hurricane Michael: The Gulf Coast CAT 1 Storm That May Make Landfall In FL On Weds As A CAT 3

Posted: 09 Oct 2018 05:47 AM PDT

An intensifying hurricane is churning in the Gulf of Mexico and headed for the Florida Pan Handle or the Big Bend area. Here are the details… from Zero Hedge In […]

The post Hurricane Michael: The Gulf Coast CAT 1 Storm That May Make Landfall In FL On Weds As A CAT 3 appeared first on Silver Doctors.

Global Distortions Of Doom: The Hyper-Indebted Zombie Corporations

Posted: 09 Oct 2018 04:30 AM PDT

The slow moving zombie horde may seem far away, but eventually it will catch up to us, and bring its defaults and currency crises with it. Here’s how… by Charles […]

The post Global Distortions Of Doom: The Hyper-Indebted Zombie Corporations appeared first on Silver Doctors.

Not Even Keeping Up With Population Growth: The US Just Had Its Worst Job Growth In A Year

Posted: 09 Oct 2018 03:00 AM PDT

The evidence continues to pour in that the US economy is starting to slow down. Here’s the latest evidence from the most recent Jobs Report… by Michael Snyder of The […]

The post Not Even Keeping Up With Population Growth: The US Just Had Its Worst Job Growth In A Year appeared first on Silver Doctors.

A Bottom in Gold but not THE Bottom

Posted: 08 Oct 2018 11:25 PM PDT

 

Gold has struggled to rebound despite an extreme oversold condition and extreme bearish sentiment. Nevertheless, conditions for Gold have not worsened in recent days. In fact, Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season. While some gold bulls expect a major bottom, we aren't in that camp because the fundamentals are not in place yet to support a sustained advance.

The weekly chart below shows several positives for Gold.

First, last week Gold made a somewhat bullish candle after six weeks of testing $1180-$1190 support and failing to make new lows. With a daily close above $1215, a short-term bottom would be confirmed.

Secondly, note the rate of change indicator as well as the distance from the moving average. Both show Gold as the second most oversold in the past 2.5 years.

Gold Weekly w/ Indicators & CoT

Finally, Gold's net speculative position is -2% of open interest, a 17-year low. Speculators are net short for the first time since 2001. This does not mandate the start of a major bull market but it does argue for Gold to rally soon.

Next we plot GDX along with its advance decline line and the GDX to Gold ratio.

One reason the rally has yet to materialize is the lack of strong breadth as shown by the advance decline line. It did form a positive divergence in September but it has yet to show any subsequent strength.

The GDX to Gold ratio is showing strength, which is a positive sign. Look for the rally to begin when the advance decline line strengthens.

GDX Daily w/ Indicators

 

So why isn't this a major bottom for the sector?

As we've shared for months, the majority of bottoms in gold stocks (but not all) over the past 60 years coincide with the end of Fed rate hike cycles. We've also noted that every major cyclical move in Gold (ex 1985-1987) coincided roughly with some kind of bear market in stocks.

When the economy and stock market weaken, the Fed will end its hikes and Gold will begin to outperform stocks. If the Fed cuts rates then precious metals will begin a strong bull market.

While the Fed is near the end of its tightening, its not quite done yet and that means it's not Gold's time yet.

We are waiting for a potential rebound opportunity in precious metals while keeping our eye on the uranium sector, which according to our custom junior index, has broken out to a new 52 week high. To profit from a new uranium bull and prepare for an epic buying opportunity in junior gold and silver stocks in 2019, consider learning more about our premium service.

 

Open Corruption, Banana Republic Style: No Wonder So Many US Pension Funds Are Insolvent

Posted: 08 Oct 2018 08:30 PM PDT

Pension funds in the US are in terrible financial shape to begin with, and then stuff like this happens with this state’s pension fund. Overt corruption… by Simon Black of […]

The post Open Corruption, Banana Republic Style: No Wonder So Many US Pension Funds Are Insolvent appeared first on Silver Doctors.

Breaking News/Best Of The Web

Posted: 08 Oct 2018 07:20 PM PDT

Why Italy's “volcano of debt” is a global threat … Charles Hugh Smith on the “global distortions of doom” … John Hussman: $20 trillion to be wiped from stock markets … Gold and silver down on rising interest rates, stronger dollar as “central banks pile into gold.”     Best Of The Web A roadmap for […]

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

Gold-laden Russian cruiser discovered

Posted: 18 Jul 2018 08:17 AM PDT

The discovery of the wreck of Russian Navy vessel Dmitrii Donskoi off the coast of Korea has prompted speculation of a potential $100 billion dollar treasure trove. The Imperial Russian Navy ship was...

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Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here

Posted: 02 Jul 2018 05:50 AM PDT

Silver is running out of time and space (on the chart) to decide where it will go over the next months and years.
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