Gary Savage – Mon 13 Jan, 2014

Today’s action in the gold market is better than the best pulp fiction!

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Featuring:
Al KorelinGary Savage

Comments:
  1. On January 13, 2014 at 10:51 am,
    james (the lesserrr) says:

    i think everyday in the gold market is interesting.

    i said on friday to watch the last 1/2 hour – which was very strong

    we breached $1250 but we need to hold it.

    a lot of resistence that needs to be taken out, including the very important $1340
    if we take that out its going to get very very interesting

    • On January 13, 2014 at 11:46 am,
      Big Al says:

      These are very interesting and dramatic times James the Greater!

  2. On January 13, 2014 at 10:53 am,
    james (the lesserrr) says:

    also watch oil which is quietly breaking down, usually that is gold negative
    not sure what to make of it just yet

    • On January 13, 2014 at 10:56 am,
      Gary says:

      My thought was that oil was leading the stock market down into an intermediate degree correction.

  3. On January 13, 2014 at 10:54 am,
    LGC says:

    Lets here it for the Bettles, “Let it be, Let it be.

    • On January 13, 2014 at 11:47 am,
      Big Al says:

      Couldn’t agree more LGC!

  4. On January 13, 2014 at 10:58 am,
    HEAVYHITTER says:

    GREAT COMMENTS AND THOUGHTS GARY.

    Just lets be careful about stocks…they wont go away to easily.
    Rally in stocks might put a few dents in gold.

    1280 in gold will be a hurdle. If stocks keep rolling down gently
    we will probably go right to the 1300’s in gold.

    IMVHO where are all our bear cub posts lately.

  5. On January 13, 2014 at 11:05 am,
    Bobbo says:

    Al,, slow down with the hyperbole, Most interesting day in gold you seen in years. That,s a stretch

    • On January 13, 2014 at 11:15 am,
      HEAVYHITTER says:

      Take a good look at gdxj…..and its moon shot cousin jnug

      HOLD ON TO DEM…EYE BALLS before you loooook…….

      ITS A VERY GREAT DAY IN THE METALS ……no hyperhole…DUDE

    • On January 13, 2014 at 11:49 am,
      Big Al says:

      Not really and I will tell you why I said that.

      I went to the live spot market and watched the price change literally every five seconds. That tells me that, as Van Morrison says, “Somethings Going On and I don’t Know What It Is”!

  6. On January 13, 2014 at 12:16 pm,
    b says:

    I find kitco lags, maybe my pewter or server.

  7. On January 13, 2014 at 5:04 pm,
    scooter says:

    I think we get one more gold smack down going into the Feb. delivery, but the miners have bottomed. Just a gut feeling as the bullion banks are trying to get as long as possible before gold starts the next humongus leg up. God Bless…

    • On January 13, 2014 at 5:19 pm,
      scooter says:

      Did anyone see the volume on the GDXJ today-extreme..

    • On January 14, 2014 at 8:23 am,
      Al Korelin says:

      Could be happening right now. (8:20 am pdt on Tuesday!)

      Let’s see where we go today!

  8. On January 13, 2014 at 7:34 pm,
    eagleeye says:

    If we have seen the bottom, this rally needs to accelerate and explode upwards, otherwise it will be just a another bear trap.

  9. On January 14, 2014 at 5:50 am,
    Gman says:

    How will GDXJ and GDX react when the market as a whole breaks down? Lowering tide lowers all boats…or the opposite?

    • On January 14, 2014 at 8:24 am,
      Al Korelin says:

      My guess – the opposite Gman

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