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Sunday, August 11, 2019

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Lynette Zang: Central Banks Panic As Crisis Evolves

Posted: 11 Aug 2019 01:00 PM PDT

If you’re asking these questions, you’re already ahead of the game… by Lynette Zang via ITM Trading STAY IN THE KNOW!  

The post Lynette Zang: Central Banks Panic As Crisis Evolves appeared first on Silver Doctors.

The Gold ETF Has Strong Momentum As Commodities Weaken, The Dollar Remains Firm

Posted: 11 Aug 2019 12:21 PM PDT

History Rhymes. Gold And Silver Are The New TINA - David Brady (08/08/2019)

Posted: 11 Aug 2019 10:40 AM PDT

Harvard Trained Economist: Baby Boomers Are The Fastest Growing Renters?

Posted: 11 Aug 2019 09:00 AM PDT

Harry Dent explains some interesting developments as there is currently a new gang of renters riding into town: The Aging Boomers. by Harry Dent via Economy & Markets I am […]

The post Harvard Trained Economist: Baby Boomers Are The Fastest Growing Renters? appeared first on Silver Doctors.

Understand Value Investing & Market Psychology Now For The Huge Move In Gold For Next 5 Years

Posted: 11 Aug 2019 05:00 AM PDT

Here’s what to learn now for the huge move higher in gold that’s coming… David Skarica interviewed on Palisade Radio David discusses some of the unique things that are currently happening […]

The post Understand Value Investing & Market Psychology Now For The Huge Move In Gold For Next 5 Years appeared first on Silver Doctors.

Near Term Risk In Gold is Increasing

Posted: 10 Aug 2019 10:43 PM PDT


Last week was another strong one for the precious metals sector. 

Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.

Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had noted the lack of resistance from $1425 to $1525-$1550/oz. 

Gold has not reached $1550/oz yet but as it inches higher, some technical and sentiment indicators are urging caution.

Gold's net speculative position of 54% is very close to the peaks of 55% to 60% seen since 2000. It's possible the commercial hedgers will start covering at somepoint like they did in 2006 and 2010 but for now we have to assume they won't if $1550/oz holds as resistance.

Gold Weekly & Net Speculative Position

In the next chart we plot Gold's net speculative position (51%) and the 21-day average of the daily sentiment index (DSI) from 2002 to 2011 (84%). 

During that strong 10-year period, those figures of 51% and 84% were reached seven times. Five of those seven times Gold corrected or consolidated for at least a few months.

Gold Daily, Net Speculative Position & Daily Sentiment Index

Turning to the gold stocks (and GDX specifically), we find a fairly overbought condition while the market approaches multi-year resistance at $31-$32. 

The bullish percentage index (BPGDM) and a 20-day moving average of new highs in GDX are approaching the levels they peaked at in July 2016. 

The trend in precious metals is strong and the fundamentals are bullish but there can obviously be corrections and consolidations within strong trends.

Sentiment indicators are becoming a concern and Gold and gold stocks (GDX) are approaching obvious resistance levels at $1550/oz and $31-$32. 

This is not the time to be placing aggressive bets on Gold or the senior gold stocks. If there is a sector correction, those areas figure to be hit harder than Silver or junior mining stocks which are not as extended.

If you missed the recent run then it is best to be patient, buy value and wait for weakness in anything that is strong but too extended. New opportunities will emerge. To learn the stocks we own and intend to buy during the next correction that have 3x to 5x potential, consider learning more about our premium service.

SGTreport: DARK TO LIGHT – Time To Settle The Score

Posted: 10 Aug 2019 07:00 PM PDT

“Everyone has something to bring to the table” by Sean via SGTreport   **SEVERE ANON joins me to discuss the latest REAL NEWS, which probably means that this video is […]

The post SGTreport: DARK TO LIGHT – Time To Settle The Score appeared first on Silver Doctors.

Breaking News/Best Of The Web

Posted: 10 Aug 2019 05:20 PM PDT

Technical Traders: Global central banks move to keep the party rolling onward … CNBC: This rebound is a 'bump in the road on the way to Lehman-like drop' … Trump demands deeper cuts from Fed … Gold and silver up on spreading trade war; “Gold and silver now! It's about to boil over” …   […]

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

Grass Police: $30,000 In Fines And Potential Foreclosure For Lawn Grass That’s Too High!

Posted: 10 Aug 2019 05:00 PM PDT

A few weeks ago, I noticed a woman standing in my neighbor's yard doing something I thought was pretty damn strange… by Dagny Taggart via The Organic Prepper A few […]

The post Grass Police: $30,000 In Fines And Potential Foreclosure For Lawn Grass That’s Too High! appeared first on Silver Doctors.

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