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- The Fed's Normalization And Gold
- The Dollar: Now What?
- Forbidden History: The CIA’s Presidents
- Gold important price and time points on the Technical charts
- Gold Daily and Silver Weekly Charts - BoJ Shocks, Silver Inventory Drops
- Greg Weldon Comments on Gold, Stocks & Currencies
- Legendary Investor Eric Sprott Shares the Greatest Financial Lesson He’s Ever Learned
- No Change in Outlook for Gold and Silver
- And Now For a Hard Drop In Comex Deliverable Silver
- No Change in Outlook for Gold & Silver
| The Fed's Normalization And Gold Posted: 30 Jan 2016 12:25 PM PST |
| Posted: 30 Jan 2016 10:45 AM PST |
| Forbidden History: The CIA’s Presidents Posted: 30 Jan 2016 09:00 AM PST Another Bay of Pigs looms. This time it will be nuclear, and there is no JFK in the oval office. Submitted by James Hall, BATR: Any unmasking of the shadow forces that pull the strings that often determine events requires a time frame context. Historical study can go back to antiquity for classic examples […] The post Forbidden History: The CIA’s Presidents appeared first on Silver Doctors. |
| Gold important price and time points on the Technical charts Posted: 29 Jan 2016 05:30 PM PST Commodity Trader |
| Gold Daily and Silver Weekly Charts - BoJ Shocks, Silver Inventory Drops Posted: 29 Jan 2016 03:30 PM PST Le Cafe Américain |
| Greg Weldon Comments on Gold, Stocks & Currencies Posted: 29 Jan 2016 03:23 PM PST |
| Legendary Investor Eric Sprott Shares the Greatest Financial Lesson He’s Ever Learned Posted: 29 Jan 2016 03:15 PM PST In the wake of Japan announcing negative interest rates and chaos in the silver market with Thursday’s LBMA silver price fix smashed .84 below spot prices by the 6 fixing bullion banks, we welcomed The Admiral of the Silver Market, Eric Sprott himself to help us break down all the action. In Sprott’s words, the sheer […] The post Legendary Investor Eric Sprott Shares the Greatest Financial Lesson He’s Ever Learned appeared first on Silver Doctors. This posting includes an audio/video/photo media file: Download Now |
| No Change in Outlook for Gold and Silver Posted: 29 Jan 2016 03:11 PM PST The Daily Gold |
| And Now For a Hard Drop In Comex Deliverable Silver Posted: 29 Jan 2016 01:30 PM PST Le Cafe Américain |
| No Change in Outlook for Gold & Silver Posted: 29 Jan 2016 01:12 PM PST With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep "forever bear" has to end but it hasn't yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It's showing strength against foreign currencies and has broken its downtrend relative to equities. These are very positive developments and a precursor to the birth of a new bull market. However, the weak rebounds in the metals coupled with the potential for a US Dollar breakout advise us to continue to remain patient and cautious. In looking at the price action in both Gold and Silver I see no character change in either market. They are rallying in similar fashion to rallies of 2014 and 2015. Since Gold first formed a weekly low in November 2015, it has rebounded a mere 6% in a little over two months. It hasn't even tested the 200-day moving average at $1133/oz or the major resistance at $1140-$1150/oz. Meanwhile, Silver has been even weaker as it hasn't been able to sustain any strength or rebound in the past few months.
 Gold & Silver Weekly Candles
The current fledgling rebound in Gold compares quite poorly to the rebounds that followed major lows in 1976 and 2008. Gold is up only 6% since its weekly low from nine weeks ago. Nine weeks following the lows from 1976 and 2008 Gold rebounded an average of 19.5%. That would put Gold at $1262/oz. If Gold bottomed late last year then at the very least it likely would have already rebounded to major resistance at $1180-$1200/oz. Furthermore, if the US Dollar index was not consolidating in a bullish manner then Gold and Silver would be acting much stronger. In other words, Gold and Silver would be showing quite a bit more strength if the US Dollar index was likely to resolve its consolidation to the downside. Gold usually leads the US Dollar at key turning points. The greenback has digested its massive gains in bullish fashion. It has held above the 38% retracement, the 200 and 400-day moving averages. It is trading nearly at the exact same level as a year ago yet the current net speculative position is at roughly half of its level of a year ago (51.7K contracts now versus 101K contracts in March 2015). In other words, plenty of speculation has come out of the market yet it remains less than 2% from new highs. The strength in the gold stocks could give bulls some hope but refer back to our statement last week. The gold stocks, while initially following the stock market could resume their decline once metals have resumed their downtrends. The gains this week exceeded our expectations but our statement stands. If the metals reverse course then the gold miners are likely to follow that move and not the stock market itself (which has rebounded as anticipated). While good things are happening under the surface for Gold, its lack of a strong rebound in recent months argues that such a rebound is in the future but not imminent. Gold's steady downtrend could resume in the next week or two. As a result, precious metals bulls should be ready to hedge and then wait for an extreme oversold condition amid extreme bearish sentiment before turning bullish. 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  |
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