Doc’s comments on gold, silver, and the US dollar
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Hope your not holding your breath…Willie has been calling for the Euro$ and the US$ to nose dive for years!!!!!!!!!!!!!!!!!!!!!!!!! and years!!!!!!!!!!!!!!!!!!!!!!….same old crap!!
Unfortunately for those who can’t read between the lines with any anaylist
YOU WILL GET HOT AIR.
I don’t breath hot air or hold my breath.
ONCE I WAS BLIND…NOW I CAN SEE. The writing is on the wall.
Furthermore, anyone who is negative on PM’s probably won’t
survive their stupidity.
Jim Willie will be proven…..CORRECT….. Big inflation coming.
DEBT IS …..THE POISON PILL. Everyone has taken the poison bait.
I absolutely agree on the DEBT IS …..THE POISON PILL……..
the bible is very clear on the subject……….Go and owe no man….
the borrower is the servant (slave) of the lender……been that way for 4000 years.
since…. Egypt..
therefore, gold , will be the last one standing………….it is so simple it is crazy…….
and just what did the folks take out of EGYPT…………
Ya Jerry…I remember quite well all of us would have life like
THE JETSONS…..
Popular Science Magazine back in 71 predicted in the year 2000.
All we got was lies and corruption. God warned us..
THE VERY .. VERY TRAGIC TRUTH FOR WORLDLY LOVERS…
THEIR TIME TO ENJOY IT IS COMING TO A VERY BITTER END.
God will prevail and he’s never wrong. The Tribulation is very close.
and it sure was not a bunch of funny money…………….
Nixon killed our stable system just around that time.
The key to prosperity. Now we have bubbles crashing
to look forward to and a collapse of the system.
FARWELL ..USA… to the great family life we had.
TO BE CLEAR TO EVERYONE
3 Major Bubbles ready to POP…
The Dollar
Derivatives
Debt….the biggie
If one of the them POPS…..the other… 2 …POP.
WELCOME TO FINANCIAL ARMAGEDDON….
Highly likely it hsppens within 16 months.
Yes it certainly has Jerry.
I don’t completely disagree Heavy. The question in my mind is “when”.
God has told us the season and when you see these signs…
LOOK UP…..your redemption is at hand.
Everyday I ready myself. In a environment
especially with other true God fearing believers
the holy spirit moves in on you and you can feel
the time is at hand. God has spoken through
his Holy Word. The signs are all in !!!!!!!
I agree with you jj.
Richard your calls have been excellent these past few months to say the least….if anything has been a miss its your calls in the past regarding the length of time you suggest nothing really goes on with the pm’s….the Fed minutes has been a new spark to the Dovish fed tone….giving gold, silver and the miners a shot in the arm…we are very close to breaking out higher yet again testing $1320-$1350 …$20.50-$21 and 250 HUI
Thanks JJ—-we could hit $1320-$1325 on gold in the next 3-5 trading days and then we start moving lower into May which from my viewpoint would be excellent. The longer we mess around these levels before we go lower, the better technically.
Funny…! I just posted a second ago that we hit 1330 and start moving lower. Must have been at the same time you were typing an answer to JJ. Well Doc, at least we are both on the same page here! I agree with JJ that your calls have been great this last while. Good to hear from you each day.
I would like to see Silver move up with Gold for the next 3-5 days. 20.25?
While gold was up only $3.40 (4pm et) I think it was a surprise based on the surprisingly dovish FOMC minutes. Gary, Doc and others have already been interviewed today. IMO the question for them tomorrow, regarding gold (as well as equities), is does this change anything regarding the short-to-medium term direction for gold. I think it is positive for equities and will help lead to new highs. Most are bullish on gold long-term. Tomorrow should be interesting…
Mike it is going to be an interesting follow thru as we know QE3 was not creating the bullish trend that so many goldbug guru’s swore it would (to da moon)….in fact Golds big move this past year was Jan 2014 when the tapering kicked in, obviously todays minutes didn’t suggest a pause to the taper off but it certainly was dovish….what is golds reaction follow thru going to be.?….a weekly close above $1322 would be a very positive close.
mike; I don’t think this changes the short-to-medium term for gold. We may bump up a little yet but we’ll “grind” lower into May. I don’t see that as a negative but a positive since it will set us up very nicely on a technical basis.
Don’t know what gold support lines your hoping holds during the grind down Richard but a daily close below $1277 and a weekly below $1275 would open the door towards sub $1200 again….Hold the line!
Thanks Richard. I’ve been looking for gold to go to ~$1320+ before a pullback and agree with Birdman on the remainder of this week along with JJ’s targets. I agree with you on a grind lower into May with keeping a watchful eye on the situation with Ukraine and Russia.
We will see if it hits my 1330 target by the end of the trading day, Mike. If not then by Monday at the latest.
Both the dollar and Euro are performing much as I expected and hoped for Richard. They will reverse early next week and gold will follow the Euro down as the dollar goes into a rising trend. We are again heading towards the 79 level and I have no doubt it will again be repelled from there so watch for a trend change and quite a bit of weakness in the precious metals sector arising for the remainder of April. It remains my contention gold hits at least 1330 by Friday and possibly more.
Bird, I wouldn’t be surprised to see the dollar reverse very soon and move back up higher in its’ range. This will not be positive for gold although I don’t think the response will be large price movements. I agree with your assessment ofgold starting to move lower the rest of the month of April.
I guess I am quite a bit more pessimistic on gold than you are Doc. I am watching coffee with interest right now which I think will double-top by this Friday or Monday. It is signalling the change in direction that the dollar is about to take by peaking in anticipation of a dollar retest near the .79 lows. So it will be my contention that some commodities will begin to lose traction next week and that gold will be particularly hard hit as the Euro begins to fall inverse to the dollars rise. My position is short gold, long dollars as I have mentioned already and I may be adding silver to that list depending on its Friday price action because it looks so limp…..like it reaaaaly wants to go down and see its old lows again. You won’t be pleased to hear this but I am quite bullish dollars going into the spring and summer.
Okay Bird, Doc, and the rest of you. Time for Big Al to learn more about technicals. I feel soooooo inferior to you guys!
It’s been my contention that this will be the heartbreaker rally. I told my subs that this rally would be very convincing. It would do it’s best to draw everyone back in before it rolled over and broke everone.
I don’t think it’s going to be a grind though. A grind suggests that there will be buyers defending price all the way down. I think after a year of one failed rally after another, once it becomes clear that this rally is not going to recover back to new highs it will be the straw that breaks the gold bugs back and they will start to exit in an ever greater panic as 3 years of frustration has finally become just too much to bear anymore.
At that point we aren’t likely to see any significant buying or short covering until gold reaches a major support zone. Unfortunately that won’t come until gold reaches that sub 1200 level again. At that point it’s going to be too little, and too late.
Plus I think JPM, HSBC and maybe GS will engineer another premarket attack to run those stops below 1179, and once that happens the final capitulation will be on, and as Plunger so eloquently described in his article, the selling will become comical and then even more comical until we finally just run out of sellers.
And that’s the point where investors will get one of the truly great buying opportunities of our lifetime.
that was a good article. Makes sense to me that manipulaters would want price as low as they could get it then load up big time.
At that point tho, they should be manipulating higher.
Maybe all the way to Rickards revaluation?
Yep I’m in agreement Gary…this is why I said yesterday that I’m not adding to my Miners at present & that I believed we still have a significant fall in the coming times ahead….I’ll add to my gold stocks then.
Sounds good to me Gary!
Gold up a little today, silver down a little, copper down perhaps more than a little.
Al – the technicals mean nothing. Everyone could look at a chart. When everyone has all the same info everyone has useless info
Hey Jerry…..and all GOLD COMRADS
USAWATCHDOG.COM.
Jim Willy…..we have a dollar crisis coming…lot sooner than people think.
Gold will be the new currency ….or currency backed by gold.
THIS BIG EVENT IS COMING.
Doc. is doing a great job on the dollar crisis. Gold could break out though anytime.