I’ve already watched my gold drop from 1920 to 1180, so another 180 down doesn’t seem so painful, especially if we are going up to 3K. But my Royal Oak Mines will never come back up from zero.

Wash, Rinse, Repeat …

http://seekingalpha.com/article/3227026-gold-market-tightness-puts-comex-clearing-members-on-the-edge-of-default

http://tsi-blog.com/2015/06/the-great-gold-debate/

Thanks Gary, probably you´re right. But today expire the COMEX june contracts and this short covering was relative to august contracts. Seen that, I think we gonna have a spike up until mid july…

Even Taxas wants to repatriate 1 Billion in gold …
http://www.star-telegram.com/news/politics-government/article22707600.html

Kyle Bass was right:
“buying gold is just buying a put against the idiocy of the political cycle. It’s that simple.”

Hi Al,

As for the “peace of mind” reasoning, I would consider it to be more piece of mind to own a lot of canned soup, green beans, beef jerky, and ramen over having gold or silver. If you don’t have enough food and a real crisis hits, you think someone else will give their food up for a piece of metal? I hold the metals too but I really don’t think it provides much piece of mind in regards to a real crisis which would collapse the system. In that case, food becomes priority. Your thoughts?

Dare I forget potable water…

Huge upside bet on Barrick Gold
http://finance.yahoo.com/news/huge-upside-bet-barrick-gold-162510331.html

Frank….I’m under scrutiny. No transmission.

ok

The Brits, The Americanos and whole Western World are a lost
generation. I.Q’s are dropping significantly. Thats ultimately
causing our demise and of coarse what I discussed on the
weekend board.

https://youtu.be/NI7xxhp0rk8

The Lost Generation and The Elite know it.

Big Al:
Hey, let’s be honest……..we all care if we own any gold & silver. I remember a line from the California Mormon back in the 80’s who was saying get into gold, the world was ending, and he hoped it went down because he could buy more of it. Yea, right. Haven’t heard of him since his last efforts at selling silver dollars in a comeback bid.

Its time to be fair now and change the channel.

By The Wishing Well. ( do you want to know a secret…promise not to tell )

May all your dreams and wishes…come true….

http://www.youtube.com/watch?v=b-3k6rlk2k4

Uh…Ha…Ha…Ha… 🙂 . LOL 🙂

Now back to the truth and whats to come upon the earth.

http://www.biblica.com/en-us/bible/online-bible/?translation=kjv&book=revelation&chapter=1

In audio or text. Chapter one…Revelation.

All chapters are available here and can be listened to.

Another week passes and once again, the word best used to describe the price action in gold is, “YAWN”. As in boring; as in repetitive, as in comatose, as in going nowhere.

Chart20150529134522

As you can see on the intermediate term chart [ Weekly], the Bollinger Bands are going nowhere and the Bandwidth indicator remains perfectly flat, indicative of a market heading nowhere fast.

Price remains below the median line of the Bollinger Bands, which it has done every week since early February with the brief exception of a single week early this month [May].

This comes in spite of the wild claims out of the gold cult that once again – as usual, as can be expected, as is boringly repetitive and predictable – surfaced when gold did manage to put in that strong week earlier this month.

“Gold is off to $2000″, we were confidently told. Yep – same claim as always ever single time gold has a big move higher with the same result.. NADA… ZERO… ZILCH…

What a great racket – get people to pay you for making wild, outlandish, incorrect and thoroughly useless predictions and then blame it all on “price suppression by the feds” when the prediction falls flat on its face.

Those doing this never have to acknowledge how bumbling and inept that they are around the markets while they sucker in another round of victims from which they can milk more money out of.

Here is the reason why gold is going nowhere, wild claims of the gold cult hucksters notwithstanding.

gold open interest

Look at the total open interest in the gold futures contract at the Comex [ futures and options combined]. Which way is that dark line heading? Answer – DOWN. As a matter of fact, this past week’s reading is the lowest since August 2014, which by the way happened to be the lowest level of recorded open interest in the previous 3+ years shown on this particular chart.

What this tells us is very simple – “INTEREST” in gold (that is why the number of contracts is referred to as OPEN ‘INTEREST’) is drying up.

That is also the reason why the large gold ETF, GLD, continues to report a steady decline in its gold holdings.
Just this past week, one gold ETF, simply shut its doors for lack of interest.

I have said it before and will say so again – until the momentum based crowd gets interested in gold, it is going nowhere. Value based buyers may be providing a floor of support near $1180 for now, but that crowd in and of itself cannot drive gold sharply higher.

As long as the threat of a Fed interest rate hike hangs over the market, large speculators will be more interested in selling rallies in the gold market. While the current rash of weak economic data has bought gold some time, in that it does not have to compete with interest paying Treasuries as long as interest rates remain in the gutter, the market is expecting the Fed to move on the interest rate front sometime this year. That means gold’s days are numbered unless for some reason we see inflation pressures come out of nowhere and suddenly surge higher.

Lastly, here is an updated chart of the gold price compared to the Ten Year Treasury futures contract. The relationship between the two continues to be very tight.

Chart20150529141011

By Dan Norcini

I’ve been waitin a long time for some cowboy who can come in
here a crack his whip and beat me down in a debate.

They all leave here as they always do punished and they end up

Just another. …WHIPPIN BOY !!!!!!

All their lies, fraud, deception, misrepresentation and disinformation

puts them where they belong….in ..The Hall Of Shame.

D.A.’s .. 🙂 . LOL . 🙂

Excellon Releases Positive Preliminary Economic Assessment on Platosa Optimization Project

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx/exn/7756-excellon-releases-positive-preliminary-economic-assessment-on-platosa-optimization-project.html#.VW2flfldV8E

ROMARCO CLOSES US$200 MILLION PROJECT FINANCE,
REQUESTS INITIAL BORROWING OF US$10 MILLION AND PROVIDES
CONSTRUCTION UPDATE

http://www.kitco.com/pr/1738/article_06012015090340.pdf

June 01, 2015
Santacruz Silver’s Shares Listed on Santiago Stock Exchange Venture

http://www.santacruzsilver.com/s/news_releases.asp?ReportID=710488

Mirasol Provides an Update on the Joint Venture Agreement for the Gorbea
Belt Gold-Silver Projects

http://www.kitco.com/pr/2369/article_06012015222020.pdf

TRUE GOLD MINING REPORTS Q1 2015 FINANCIAL & OPERATING RESULTS

http://www.kitco.com/pr/1267/article_06012015234847.pdf

“There’s no need to point gigantic arrows towards drastically lower prices on the gold and silver charts now, regardless of what shapes, patterns, and signals appear to be there.

Charts don’t make fundamentals. Fundamentals make charts.”

—Stewart Thomson

http://www.321gold.com/editorials/thomson_s/thomson_s_060215.html

Well here’s the 5th takeover merger I’ve been part in the last 12 months, and I am excited that I hold a small position in Anthem Resources Inc. However, I’ll admit I got it backwards and anticipated it was Anthem who would takeover Boss Power. It’s the other way around and Boss Power is taking out Anthem Resources.

Either way, I’m thrilled because I’ve been building a position in them this year, and was following their press releases and the new agreements and earn-in percentages on their Joint Ventures, and Anthem’s increased stake in Boss Power.

June 02, 2015
Anthem Resources Announces Definitive Arrangement Agreement With Boss Power

http://www.anthemresourcesinc.com/s/NewsReleases.asp?ReportID=710612&_Type=News-Releases&_Title=Anthem-Resources-Announces-Definitive-Arrangement-Agreement-With-Boss-Power

Matt, I was just going to post that stewart thomson to you, a very clear piece..re ABX & NEM.
67% chance isn’t great however…I defer to you-

Thanks for the junior resource brief this morning Shad.