Here’s a detailed look at the gold market
Click download link to listen on this device: Download Show
Franky’s Tell you when the Elite win ! i Hope no ! GOLD WILL BY A NO NO ! When the NEW WORLD ORDER COMS IN FORMIGINE YOU WILL HAVE A NEW WORLD ! A GREEN WORLD AND DEPOPULATION AND CAPITAL CONTROLS MINING AND GOLD IS A NO NO NO NO ! I HOPE NO ! https://www.youtube.com/watch?v=HLpCYfoYm_Q
Doc 140-150 next on hui.. Bottom could be in by tuesday.. Day before election.
I will play the bounce like gary has mentioned.
Very possible Glen.
Al,
remember when I made the bold call of triple bottom? I was calling for 1179/1180 and it hit 1183. It was 3 points from my call and matt said if she holds i will give you credit. Few days later or one week the latest as gold was heading up I reversed my call and said “I DON”T LIKE WHAT I SEE AND 1180 WILL NOT HOLD”.
You replied ” Really glen or something of that nature” . Sorry as im not good at retrieving old post.
Here we are and yes we will break 1180. I stand strong on that call. This glen has been bang on. Let’s see if my credibility on this call wins.
You have plenty of credibility here, Glen!
Well there you have it glen!
You did it again with your call of breaking 1180..
Great job :)..
Still on sidelines awaiting markets to open. We are 85% into the low.
gold/silver ratio spiking towards 74.. Cory,doc,matt,bird my target of 78-80 is very close. Im getting ready to pull the trigger but not just yet.
Glen, I agree we’re close to a bottom but I don’t know what the catalyst will be for the bounce
Richard,
The catalyst will be the real numbers that the fed will finally start to release and not these phony made up numbers.
still looking for 78 on wti and 78/80 spike in gold/silver ration.. Double top as matt has mentioned. We are 80% towards bottom of these miners.
Your call on the gold/silver ratio is impressive. I personally did not see silver dropping this hard which such small recoveries.
I agree that in the long term the upside is so much greater than the downside in the stocks.
Considering the interests of the silver users, short sellers, governments and banks it is amazing that it isn’t 25 cents an ounce or less. That surely is their monetary wet dream.
Well, industry is using a lot of it, especially in China. Without silver, China will not be able to make any electronics and do any solar. If 25 cents, nobody can afford to producer it even by-product. They have to deplete any inventory anywhere.
Cory,
I really appreciate the fact that you take time and acknowledge the posters here. Thank you for the kind words as we all have are daily lives but somehow come on here and share our thoughts for only one reason, you and al have a great thing going with those 4 superstars.
cheers
glen
You are welcome Glen. I am trying to take more time out of my busy days to respond. Unfortunately I have not had time today as Al and I have been recording all day.
Please know that I read pretty much every comment either on the day it is posted or at least the day after. All you in our family help to open up my eyes and mind to what is going on out there!
You are all wishful thinkers. Silver is headed one way LONG TERM….DOWN. We’ve seen it for three years now after the bull market which suckered in so many investors.
After hanging arond $16 to $18, the next bottom will be $12 to $15…..good luck! You missed a great bull market in stocks by listening to all of the silver and gold bulls. I’m glad that I sold while silver was on the up and stayed away as it declined.
This was what I felt in 2008 but it did not happen. Do you see miners closing soon? I do.
Yes, I do as further declines occur. This market is all about speculation……very dangerous and with no income producing returns. I feel so sorry for all of those people who invested in gold and silver….another lesson learned. The last bull market was in 1980 which disappeared much faster. This one has taken longer. How long will it be before another such market appears. Certainly not as long given the state of the world financial markets but I’d be willing to bet that it will take years since the small investors won’t forget this market for a long time. History is a great teacher but people often don’t pay attention to it. I keep on hearing that the big money made their profits and has been out of silver and gold for a long time which is usually the case. The small guy jumps in at the end of the cycle and gets badly burned.
Supply, demand, fundamentals have not!!!!!!!!!!!!! been correct for over 3 years Al…if gold is going to $900 another 25% drop Al is nothing to worry about….WTF
The FOMC has placed a major bid under the US$ ….hello!!
Doc the Feds have suggested their interest rate decision will be based off employment data….a tradable bottom Doc nothing more just as we’ve seen these past 3 years…You must trade this sector….short or long.
150 HUI is begging to be tested……….Al I want what ever your drinking, coming back….OMG……..yes a $70 pop in gold but the miners did nothing.
DEC TAX LOSS SELLING , LOOK OUT BELOW!!!
You really think that tax loss selling will be a great factor this year, original?
It is a factor every year. Why would this year be any different.
It seems as though each of the past couple years people have said tax loss selling will be less for a number of reasons and this has not been the case. I am not saying it wont happen I just would not bet against it either Peter and jj.
Because losses could less with so many out of the markets. Volumes are very low according to my brokers.
Yes Al, and so does Rick Rule.
I have never said that a 25% drop is nothing to worry about!
What is gold priced in Al, US$’s….just as gold rose while the US$ index fell from 121 to 72 its going to fall as the EURO$ gets devalued to ?….US regardless of BS or not the outlook is for higher interest rates as Europe goes negative sending massive amounts of money into the Dow and US$ just as Armstrong has been saying since Sept 2011 SELL gold buy the DOW……how can anyone argue with that success?
A sane person does not, original!
Doc,
Do you look closely at the fundamentals for these mining stocks you refer to, or do you base all decisions on the charts?
Pf, I look at both. One of the stocks actually made 9 cents last quarter. Otherwise, I make sure the company has considerable liquidity, high grade reserves, and good management.
PF,
If i may fundamentals always win out in the end. Meaning long term the fundamentals will drive you to the promise land. However in between stops and gaps etc, indicators/charts/cycles are a winner.
Al, as long as no one audits The Fed, why should I believe that QE3 has even ended? I mean maybe they pretend that it ends just for the sake of placating the media and their followers. Come 2015 they’ll probably dream up some other fancy-schmancy word/phrase for the next so-called QE type maneuver. Here’s an idea: They should call it “Operation RAH RAH” — Yaeh, RAH = Rigged Against Humanity. Crysakes, the Fed makes me sick. Every time I see “that witch” on camera, just makes me want to spew.
Hi Doc – Any thoughts on the price where you believe Gold will halt this current fall?
Fan, the odds are we should see the lows either tomorrow or end of next week. If we close below the lows of the end of September then “katy bar the door”. As mentioned, I bought the metals for the first time in months today.
Thanks Doc.
This already looks like a washout in the mining stocks to me. The miners have been hammered compared to the price of gold this week. The only concern I have is that surely the price of gold should catch the miners up.
Maybe the employment report will be the trigger for a change in direction and an intermediate rally which we all want.
The last few days have certainly not been good. I am doing no selling at all at this point.
How can they really end QE and still keep rates low? Don’t they need to keep buying the treasuries themselves….especially if Euroland and the rest of the world stops buying?
Isn’t the snake eating it’s own tail?
Easy Paul and we will discuss this on the upcoming Weekend Show.
Fed’s in the business of blowing bubbles; oil (burst), housing (burst), credit (burst), stocks (will burst after rocket to da moon!) … Look what Japan did overnight, more QE, right? And S&P Futures up 20 points as I write! The Fed can do anything they want and call it whatever they want! No one’s holding a gun to their head.
Looking forward to the weekend show.
http://www.lewrockwell.com/2014/10/david-stockman/good-riddance-to-qe/
Good Riddance To QE—-It Was Just Plain Financial Fraud
“As soon as the current massive financial bubble begins to burst, it will doubtless invent some new excuse to resume central bank balance sheet expansion and therefore fraudulent finance.” — David Stockman
US treasuries have been the best investment this year. I guess three factors have played into this; a one sided trade meaning everybody was short, low inflation expectations & comparative value compared to European & Japanese bonds.
It looks to me that there is still strong demand even with the FED withdrawing from the market. I can’t see that changing until people see an end to a low growth low inflation environment.
Remember the relationship between price and rate of return!
Well, the markets are risky, a lot of risk for 100% gain in five years imo.
Heck, a can of soup or loaf of bread could increase 100% in 5 years.
In Gary’s blog I mentioned retirement plans and other accounts and investments are being used to invest.
All I hear is this bubble can’t be here because the street isn’t in…
I am telling you all straight up. Not one person I know isn’t balls to the walls in with everything they have.
They are using ETF’s as well. Very few of my peers are buying stocks.
They are buying ETF’s
I think retail is all in. The bubble is complete imho… I will not buy any stocks actually. I’m gonna wait for the Nov/Dec 2008 downflush in everything.
Ken I agree
I love ETFs especially index trackers. If you don’t have the time to do due diligence then ETFs are the way to go. Personally go for the high dividend ETFs.
Take your point though Ken. This has been the year to scale down equity exposure, history is not on this markets side when it comes to the current valuations.
The physical silver market is officially insane: APMEX is showing a 27% markup on 2014 Silver Maple Leafs. If you buy physical silver (in coins), you won’t break even until silver hits $21.ounce (or have to climb the Cliff of Insanity for $4.5 dollars )
Brian, I purchased some silver bullion ounces today for $18.45/ounce.
Doc, 1000, 100 or 1 ounce?
1 ounce
Semms like an okay price Doc.
That’s how it works. Gotta be nuts in this environment..
Doc.
For the conventional market, topping
yet according to charts? Thanks.
GOLD AND SILVER ARE CHEAP PERIOD!
SELLING HERE IS IGNORANT.
I’ve listened to people scream “buy the dips” all the way down from gold & silvers tops Dave.
….your description of ignorant sums it up pretty well I think.
Funny stuff.
Alen Greenspan INTERVIEW ! https://www.youtube.com/watch?v=XqHNF6NOpoE