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Wednesday, January 27, 2016

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saveyourassetsfirst3

Energy Debt Is Imploding – Housing Market To Follow

Posted: 27 Jan 2016 01:00 PM PST

As the energy debt market implodes, it will cause the entire Wall Street supported asset-backed credit market to seize up. The next biggest losers after the energy sector will autos and housing.   Submitted by Dave Kranzler, IRD:  "The banks are still clinging to their reserve reports and praying.  The bonds are all toast. Most […]

The post Energy Debt Is Imploding – Housing Market To Follow appeared first on Silver Doctors.

Former House Majority Leader: FBI Ready to Indict Hillary Clinton

Posted: 27 Jan 2016 12:18 PM PST

"They're ready to recommend an indictment and they also say that if the attorney general does not indict, they're going public"   By Rachel Blevins, TheAntiMedia.org, Democratic presidential candidate Hillary Clinton has been under investigation by the FBI for several months, and former U.S. House Majority leader Tom DeLay said Monday that the FBI is […]

The post Former House Majority Leader: FBI Ready to Indict Hillary Clinton appeared first on Silver Doctors.

THIS Is Not Where Smart Money Would Be Buying

Posted: 27 Jan 2016 12:00 PM PST

This is not where smart money would be buying.  If not buying, then they must be selling, and weak-handed buyers are buying into the late stages of a rally.   Submitted by ETP:  We keep reiterating that one need not be expert, nor even conversant, in reading a chart to be able to read and […]

The post THIS Is Not Where Smart Money Would Be Buying appeared first on Silver Doctors.

SHOCKING UPDATE: COMEX Registered Gold Inventories Plummet 73% In One Day!

Posted: 27 Jan 2016 11:18 AM PST

EVERYTHING changed today…   From the SRSRocco Report:  Something big is about to take place on the Comex as Registered Gold inventories plunged an astonishing 73% in one day. This is a very suprising update as Comex Gold inventories haven't experienced much movement over the past few months. Well, this all changed today as a stunning […]

The post SHOCKING UPDATE: COMEX Registered Gold Inventories Plummet 73% In One Day! appeared first on Silver Doctors.

Fed Holds Serve, Maintains Interest Rates at 1/4%

Posted: 27 Jan 2016 11:08 AM PST

Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent Committee Expects Gradual Increase in Interest Rates Gold and silver react Full FOMC Statement is below:   Silver Prices: From the FOMC: Information received since the Federal Open Market Committee met in December […]

The post Fed Holds Serve, Maintains Interest Rates at 1/4% appeared first on Silver Doctors.

Forget Hyperinflation, the Real Danger is “Hyper-Hypothecation”

Posted: 27 Jan 2016 11:00 AM PST

There are a heck of a lot a bubbles in the global financial system (…and many areas in the private sector, sovereign, etc.).  Add to the potential mix what I call "hyper-hypothecation" and derivatives overhang and we've reached a level where systemic risk has never been higher. TND Editor's Spotlight: Wall St. For Main St. Jason […]

The post Forget Hyperinflation, the Real Danger is “Hyper-Hypothecation” appeared first on Silver Doctors.

America’s Darkest Secret: The Covert Fund That Controls It ALL — Rob Kirby

Posted: 27 Jan 2016 10:45 AM PST

Rob Kirby joins the SGTReport to expose extremely important economic information which the majority of the world knows nothing about. Rob says, "We are talking about something here that is extremely dark. This is a very dark entity. This is one of the most closely guarded secrets that America has." The men behind the curtain have […]

The post America's Darkest Secret: The Covert Fund That Controls It ALL — Rob Kirby appeared first on Silver Doctors.

Bundesbank Gold Repatriation Update: Dirty Gold is Better Than No Gold

Posted: 27 Jan 2016 10:31 AM PST

After receiving dirty gold in their first 5 tonnes repatriated from the FRBNY, the Bundesbank appears to have drastically shifted their strategy to don't mention recasting / remelting and maybe no one will ask… Submitted by Ronan Manly, Bullionstar:  Deutsche Bundesbank has just released a progress report on its gold bar repatriation programme for 2015 – […]

The post Bundesbank Gold Repatriation Update: Dirty Gold is Better Than No Gold appeared first on Silver Doctors.

The REAL Donald Trump – A Fascinating Interview of the Man From Playboy in 1990

Posted: 27 Jan 2016 10:30 AM PST

As Trump says repeatedly in the interview, it's all a show.   Submitted by Michael Krieger, Liberty Blitzkrieg:  In 1990, Donald Trump conducted a lengthy interview with Playboy Magazine. It provides an absolutely fascinating window into the man's mind, which I suggest everyone read in full. Unexpectedly, I came away with a more informed and nuanced perspective on the […]

The post The REAL Donald Trump – A Fascinating Interview of the Man From Playboy in 1990 appeared first on Silver Doctors.

Turning Roubles into GOLD

Posted: 27 Jan 2016 10:00 AM PST

While we all note Russia is adding gold, what they are really doing is buying up their large domestic mining supply for roubles- in effect… turning their roubles into gold.   Submitted by Smaulgld: Russia's Gold Mining Output Russia was the third largest producer of gold in the world in 2014. During the past few […]

The post Turning Roubles into GOLD appeared first on Silver Doctors.

Gold & Silver Very Bullish Ahead of US Fed as Gold/Silver Ratio Hits 7-Year High

Posted: 27 Jan 2016 07:02 AM PST

Bullion Vault

Buy “Physical Gold” Coins and Bars – Bloomberg Interview GoldCore

Posted: 27 Jan 2016 05:02 AM PST

gold.ie

Monetary Aspects of the Gold Price

Posted: 26 Jan 2016 04:00 PM PST

Diapason Commodities

Gold Daily and Silver Weekly Charts - Fed Rate Decision Tomorrow, Registered Gold Plunges

Posted: 26 Jan 2016 03:02 PM PST

Le Cafe Américain

Gold Price Faces Huge Test around 1130

Posted: 26 Jan 2016 01:43 PM PST

Silver & Gold Stocks Dangerously Close to Breakdown

Posted: 14 Jan 2016 08:15 PM PST

The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13% while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did not mount much of a rebound to begin with remains mired below $13/oz. Gold is showing increasing relative strength (as we noted last week) and that is a good thing. However, the poor performance from Silver and sudden sharp reversal in the gold miners signals that the sector is on the cusp of making new lows.  

Let me start with Silver, a market I have not covered in recent missives. The daily candle chart below includes the 50-day moving average and the net speculative position (as a percentage of open interest). Over the past two months Silver has been in a bearish consolidation with support at $13.60/oz and resistance at $14.40/oz. Silver's numerous failures to recapture resistance at $14.40/oz and recent failures at the declining 50-day moving average augur for a break to new lows. Initial downside targets are $12.60 and $12.00, which is a very strong Fibonacci target.

 
Jan142015Silver

 

The lack of extreme bearish sentiment is also damning. As of last Tuesday when Silver closed at $14.00/oz, the net speculative position was 17.2%. That is quite high given the current bearish trend. The net speculative position declined to 6% or below three times since 2013. There is room for more selling in Silver.

The immediate prognosis for the gold miners is just as dire.

The chart below plots the weekly candles for GDXJ and GDX. Note how the miners failed to close above resistance last week. GDXJ failed to hold its gains above $20 while GDX failed to move beyond $15. The miners, since that failure have declined nearly 10% and are threatening a breakdown in the days ahead. The miners have potential measured downside targets of $10.30 for GDX and $13 for GDXJ.

 
Jan142015miners

 

The implications of continued poor performance from Silver and the gold miners could be two fold. First, they could be hinting of Gold's strong potential to decline to major support around $970/oz. Second, and with respect to the mining companies, their poor performance coupled with lower metals prices increases the risk of some major bankruptcies in the sector. Hence, traders and investors need to be very careful in owning broad baskets like GDX and GDXJ. Those with a long bias should consider hedging their portfolio by going short Silver or the miners. The time to clear hedges and accumulate quality companies figures to be when Gold is very oversold and nears major support amid extreme bearish sentiment. Note that three of the last four major bottoms in Gold occurred in February or March. As we navigate the end of this bear market, consider learning more about our premium service including our favorite junior miners which we expect to outperform in 2016.

 

Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com

 
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