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Boring times for the conventional markets this week… Don’t get too complacent.

March 24, 2015

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Discussion
52 Comments
    Mar 24, 2015 24:49 AM

    WELL,WELL,WELL……..HERE WE ARE AND IT’S TUESDAY AND GOLD IS UP………ANOTHER CORRECT PREDICTION………….

      Mar 24, 2015 24:54 AM

      You might want to wait for the close. We will see.

        Mar 24, 2015 24:03 AM

        DON’T HAVE TOO………..IT’S GOING UP !!!!!!!!!!

          GH
          Mar 24, 2015 24:34 PM

          Move over Bo Polny!

      Mar 24, 2015 24:46 AM

      Gold up a whole dollar and a half Mark. My, I bet when going through Customs you’ve got nothing to declare except your genius! Meant kindly…!!

        Mar 24, 2015 24:57 AM

        That’s very true…………meanwhile GOLD continues to RISE.

        Mar 24, 2015 24:57 AM

        Mark you’re a frickin genius – gold up over two dollars!!

          Mar 24, 2015 24:16 AM

          ……….funny.

            Mar 24, 2015 24:16 AM

            ……….cute.

      Mar 24, 2015 24:17 PM

      Mark….Well done sir , it closed up..so I now award you with another star , that makes 3 out of five , only two more to go & you will be a five star predictor….Quite rare on here….HaHa

        Mar 24, 2015 24:53 PM

        Gotcha!

    Mar 24, 2015 24:54 AM

    Check this chart…..
    http://stockcharts.com/h-sc/ui?s=AUY
    Buyers in the majors for what ever reason

    Mar 24, 2015 24:55 AM

    Cory, don’t forget if you visit the Pascua Lama mine and get the inside scoop for us, you can write off your honeymoon as a business expense. Bon voyage!

    Mar 24, 2015 24:03 AM

    why not have Doc host the show tomorrow..

    Mar 24, 2015 24:12 AM

    anyone read stewart thomson on 321…..today

    Mar 24, 2015 24:16 AM

    LOL…..FACE IT…….NEXT TIME I SAY SOMETHING ON GOLD…………LISTEN !!!!!!!

      Mar 24, 2015 24:24 AM

      You are boastful, arrogant and are rude for yelling and should be ignored. Your opinion is not needed IMHO.

        Mar 24, 2015 24:29 AM

        LOL !!!!!!!!!!!!!!!!

          Mar 24, 2015 24:36 AM

          Honestly Mark, your opinions would carry more respect without the garbage that comes with it. I am willing to listen again but not to the yelling and boasting.

            Mar 24, 2015 24:43 AM

            Smart man.

            Mar 24, 2015 24:44 AM

            You appear to be also (;-)

          Mar 24, 2015 24:56 AM

          Mark….where is that self assured, quiet individual who used to post good articles about being patient and waiting for the metals to take off ? I miss him……

            Mar 24, 2015 24:02 AM

            Still here………………but I hate when people tell me that I am wrong, when I know that I am right! I know people and I have a system that I know is right…….you just saw ample proof of that for the past three trading days!

      Mar 24, 2015 24:03 AM

      Keep this up, and I guarantee some day you will be humbled. We will just bide our time and wait for that day. Meanwhile, you contribute nothing useful to this site.

        Mar 24, 2015 24:12 AM

        Yes I do……………you’re just mad because I have been right!

          Mar 24, 2015 24:10 PM

          You’re right, Mark, I must be mad at you for being right. Thank you for knowing me better than I know myself. Here I thought I was happy this last week with how my investments have done. I stand corrected. Will I be happy tomorrow?

            Mar 24, 2015 24:34 PM

            Yes…….it will be up again!

    BDC
    Mar 24, 2015 24:25 AM

    “…rate hike into falling market.”
    Shades of Black Friday — 1929 !!

    Mar 24, 2015 24:49 AM

    Alexco
    Another huge drop yesterday and a snapback. Remember, Alexco traded @ US$ 0.44 back in 2009 with 20M oz silver. Today it has 60+M oz, a profitable side company, and a 400 tpd mill, that can be turned back on very quickly.

    I can’t even begin to understand the current share price, but I continue to buy @ these lows

      Mar 24, 2015 24:50 AM

      At $40/ounce silver, Alexco had a $10 share price

    Mar 24, 2015 24:01 AM

    stewart thomson seems to be just about the only person who comprehends the gold & silver markets..no bear no bull===new transparency & asia…we had a blow off top based on fear… now we have an asian love market…an upward bias-

      Mar 24, 2015 24:22 AM

      It was a well-written, refreshing article, based on logical thought.

        Mar 24, 2015 24:32 PM

        that is the problem. logical thought isn’t logical when it applies to gold

    Mar 24, 2015 24:07 AM

    ***** WELL……GOLD is about to close……….and it’s going to close up! ******

    Mar 24, 2015 24:21 AM

    DOC-RICHARD
    Claude is acting like the little energizer bunny. Do you think that if gold continues a steady rise over the next 5-7 days, there WILL NOT be a pullback?
    Brian

      Mar 24, 2015 24:50 AM

      Brian, I think the pullback will certainly be postponed if gold continues higher. Like you (I think), I’ve been around these junior miners long enough to know that Claude could still deliver very surprising gains before correcting meaningfully. That is a reason to hold right now, not buy, in my opinion.

        Mar 24, 2015 24:58 PM

        We have a new high Brian, but also negative technical divergences. If gold doesn’t do something exciting, this new high probably won’t last long.

        Mar 25, 2015 25:31 PM

        This was my thought from last week on Claude.

        On March 19, 2015 at 6:05 pm,
        Shad says:

        I am watching Claude closely, but feel if we do have a grind down in late April and May, that this may be a good entry point back into the stock.

        Honestly, if PMs do still continue up from here in a counter-trend move, I could see Claude getting over $.50 US, but I am not chasing it here.
        ___________________________________________________________

        So yep, it is over $.50 now, and I agree that it could even go higher if PM explode to the upside. That is multiplier effect of Jr Miners. If that happens it will just make the long term case even stronger for Claude, but I am waiting until the PM lows in May to buy back some of these strong Jrs, and hold a number right now that I have built solid positions in.

        I was also expecting this to be a second down week in the dollar (starting from it’s double top of March 11th and Friday the 13th). This has provided strength to PMs, but I don’t anticipate this counter-trend move lasting much longer before reversing trends next week.

      Mar 24, 2015 24:15 AM

      Brian, I wouldn’t chase it here. I believe we’re at the beginning of a correction for Claude. I’m waiting and when it comes back a little, will add to my position.

        Mar 24, 2015 24:45 PM

        Thanks for the reply Doc (and Matthew). I’m averaged in around US$ 0.23. I would just like to buy another block eventually. I am TERRIBLE abut taking profits – I have not sold any Claude shares, yet.

    Mar 24, 2015 24:22 AM

    Mark,
    You’re about to get mauled by a bear..
    Lol

    Mar 24, 2015 24:33 AM

    ******* At 1:30 EST gold closed up $1192 and silver closed up $1694 *******
    ” Another up day for the metals “

    Mar 24, 2015 24:39 AM

    …………..oh, and it will rise some more in the after market…….OOPS!

    Mar 24, 2015 24:49 AM

    Dammit, who’s calling in the middle of a taping?

    Mar 24, 2015 24:25 PM

    bullard is a buffoon.rates should have already been raised to avoid speculation in all assets ranging from stocks up to housing.They tied rates to the unemployment rate figure of 6.5% so why should they back off now.Either the unemployment figures are cooked (most probably)or else it is not convenient for their friends in wall street (very plausible)