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- Gold Takes Off On U.S. Fed Policy Shift
- Watch These Key Levels in Precious Metals
- The US Is Heading Towards Venezuelan Hyperinflation By Printing So Many Dollars
- Dollar Pressing Against Key Levels
- Gold, Silver, Mining Stocks Are A Coiled Spring
- Doug Casey: The NEW Great Depression & The CRASH Of The Dollar!
- Breaking News/Best Of The Web
- America’s Collapse: When The Police, Publicly Paid To ‘Serve & Protect’, Instead Rob & Murder
| Gold Takes Off On U.S. Fed Policy Shift Posted: 28 Jul 2019 12:27 PM PDT |
| Watch These Key Levels in Precious Metals Posted: 28 Jul 2019 11:19 AM PDT  The precious metals sector appears to have started a correction. It was roaring higher until natural resistance kicked in and the US Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has created a natural "buy the rumor, sell the news" event. We cannot know for certain what the Federal Reserve will do or even more importantly, how the market will react. But we can take note of key levels in these markets. Gold has held above $1400/oz but has been unable to break past resistance at $1420-$1425/oz. A retest of $1385/oz is quite possible and so is a test of $1365/oz.  Silver has outperformed Gold since it broke above its 400-day moving average, which provided strong resistance dating back to the end of 2017. Silver encountered resistance at $16.60-$16.70/oz and could test initial support at $16.20/oz. Below that is strong support at $15.95/oz.  Turning to the gold stocks, we find a clear setup between support and resistance. GDX, the ETF for large gold producers has resistance at $28 but good support above $25.00, which was previous resistance for nearly three years. Look for initial support around $26.00.  GDXJ, the ETF for the "senior" junior companies, faces resistance at $40-$41. It has initial support around $37.50 with strong support at $36.00. Regardless of what the Fed does or says, my expectation is precious metals will test these levels and ultimately hold them. The Fed and global central banks want to ease policy and this figures to be more than a one-off. Precious metals became overbought and a correction is in order. Investors who smartly positioned in recent months should continue to hold their winners. If the sector continues to correct then look to be a buyer at the aforementioned support levels. Look to focus your capital on fresh opportunities and value plays that are not very overbought or extended. To learn the stocks we own and intend to buy on this weakness that have 3x to 5x potential, consider learning more about our premium service.  |
| The US Is Heading Towards Venezuelan Hyperinflation By Printing So Many Dollars Posted: 28 Jul 2019 09:00 AM PDT We have a slowing economy and money printing to try to fix it all…again! It leads to hyperinflation. John Williams explains… Greg Hunter interviews John Williams on USA WatchDog Economist John Williams […] The post The US Is Heading Towards Venezuelan Hyperinflation By Printing So Many Dollars appeared first on Silver Doctors. |
| Dollar Pressing Against Key Levels Posted: 28 Jul 2019 08:00 AM PDT |
| Gold, Silver, Mining Stocks Are A Coiled Spring Posted: 28 Jul 2019 07:59 AM PDT |
| Doug Casey: The NEW Great Depression & The CRASH Of The Dollar! Posted: 27 Jul 2019 06:59 PM PDT Doug talks about the idea of negative interest rates, inflation, papered over debt, the current depression, and… Josh Sigurdson and John Sneisen of World Alternative Media interview Doug Casey Josh […] The post Doug Casey: The NEW Great Depression & The CRASH Of The Dollar! appeared first on Silver Doctors. |
| Posted: 27 Jul 2019 05:20 PM PDT Corporate profit margins "revised" to financial crisis lows … For the first time in 6 years, no central bank is hiking … Once "prosperity" falters, the legitimacy of the status quo evaporates … Gold and silver remain near recent highs; “Precious metals shine during the race to debase” … Best Of The Web Real […] The post Breaking News/Best Of The Web appeared first on DollarCollapse.com. |
| America’s Collapse: When The Police, Publicly Paid To ‘Serve & Protect’, Instead Rob & Murder Posted: 27 Jul 2019 05:00 PM PDT Let's begin an occasional series on the subject of asset forfeiture… by Paul Craig Roberts via PaulCraigRoberts.org America's Collapse: #1 in a Series Paul Craig Roberts Readers aware that I, and […] The post America's Collapse: When The Police, Publicly Paid To ‘Serve & Protect’, Instead Rob & Murder appeared first on Silver Doctors. |
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