Hey Al, your mic volume needs to be increased today, all the audios are really low for your voice. Maybe mic needs to be moved closer or something.

About gold, I agree that we will see a rally July-August period later this year.

2012: Big rally from the end of June to the end of September
2013: Big rally from the end of June to the end of August
2014: Big rally from the start of June to the middle of July.

2015: May see another rally from July-August period.

Past result cannot be used to predict future performance.
But it does reveal some seasonally patterns, which is worth to look at.

Keep an eye on Greece, Deutsche Bank, and the Ukraine.

I think bo polney agrees with you.

Not sure if Greece should be looked at economicaly.
crazy maybe but I think Greece might need to be viewed politically.

I think that Bo Polney said a HUGE rally in june :).
Now let see if Greece is kick out, what is gone to happen with the derivatives …

EURO-ZONE COUNTRIES REACH GREECE EMERGENCY PLAN: SUEDDEUTSCHE…the plan is to impose capital controls if no deal by the weekend

You think Greece does not matter …

https://alternativeeconomics.wordpress.com/2013/06/15/deutsche-bank-60-times-over-leveraged-and-a-72-trillion-derivative-exposure/

Cory I’ll have to disagree with your idea on the euro. I do agree there will be a blip at first but not downward. It may move short term upwards for the reason you mention, but ultimately the euro will be done for (for the exact reasons Armstrong state). The fact Brussels never consolidated member debt ( in conjunction with a Grexit setting the stage for other s to do so in the near future) will ultimately bury the euro. Only MASS MASS printing by the fed and co might prolong the process

The Greek exit is basically the shiny ball for the masses to look at. You folks know that, right? Well all know Greece will default. When they do, it creates a contagion of derivative defaults and creates the excuse to change the financial system, which is already in place to happen. Greece is just the sacrificial lamb.

The powers that be always have to create a problem to bring in the solution that the masses can come to grips with.

Off topic, but I thought folks might like to know:

Pompeo’s bill (H.R. 1599)
Also called by the Greens, the “Denying Americans the Right-to-Know Act” (DARK Act)—would:
Prevent states from adopting their own GE labeling laws.
Prevent state or county laws regulating GE crops

Macedonia has some Greek owned banks.
The Macedonian Government has recently limited withdrawals from same.

Anyone think the Government might plunder those assets to compensate for any loss on Greek sovereign bonds? Just a thought!

If I recall correctly, I believe I read that all the banks were supposed to have bail in rules/laws in place shortly.

The Dow may be down over a hundred points, but the TSX and many precious metal stocks are up.

kitco list favours up but is still a mixed bag.

Damned iPad self-correct……pretium not premium.

A second objection to seizing this major gold seasonals bottoming to buy low arises due to the looming threat of the Fed’s coming interest-rate hikes. Investors and speculators alike are convinced that gold is in mortal peril when rates are forced higher, since it has no yield. But history shatters that silly fallacy too. Gold actually thrives in rising-rate and high-rate environments, as I’ve researched extensively.

During the Fed’s last rate-hike cycle between June 2004 to June 2006, it more than quintupled its benchmark Federal Funds Rate from 1.0% to 5.25%. Yet gold blasted 50% higher over that exact span! In the 1970s, gold skyrocketed a staggering 24.3x higher while the Fed catapulted its FFR from 3.5% in early 1971 to an astounding 20.0% by early 1980! Higher rates hurt stocks and bonds, attracting investors back to gold.

So instead of being a threat, the Fed’s coming rate-hike cycle is likely to prove the catalyst that reignites gold’s slumbering seasonality. And that means outstanding gains are coming in gold, silver, and the stocks of their miners. Investors and speculators can play gold’s coming strong seasonal rallies in gold itself or the flagship American GLD gold ETF. But their gains will be dwarfed by those in the gold stocks.

Since gold has been so far out of favor for so long, the gold miners have been left for dead. Long since abandoned, they’ve been trading at truly fundamentally-absurd levels relative to the price of gold which drives their profits and hence ultimately their stock prices. So the best of the gold miners are the place to be to really leverage the upcoming gains in gold! They are going to soar as gold’s seasonality returns.

At Zeal we’ve long specialized in this ultimate contrarian realm. We’ve been aggressively buying elite gold and silver stocks recently to take advantage of gold’s seasonal bottoming. All these trades have been detailed in our acclaimed weekly and monthly subscription newsletters. They draw on our exceptional market experience, knowledge, and wisdom forged over decades to explain what’s going on in the markets, why, and how to trade them with specific stocks. Our long-term track record is stellar. Since 2001, all 700 stock trades recommended in our newsletters have averaged annualized realized gains of +21.3%! Subscribe today before gold rallies and our popular 33%-off sale ends!

The bottom line is gold exhibits strong seasonality, created by surges in global demand throughout the calendar year. While this has been suppressed in recent years by the Fed-fueled extreme market distortions, that anomaly is only temporary. The underlying income-cycle and cultural drivers of these periods of outsized gold demand have been around for many decades if not centuries, and will persist for many more.

And right now gold is experiencing its most-important seasonal bottoming as it languishes in early summer’s sentiment wasteland. These early-June gold lows precede this metal’s two biggest seasonal rallies of the year, leading to major gains on average. So smart contrarian investors and speculators should be backing up the truck to load up on incredibly cheap gold, silver, and the stocks of their best miners.

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Jun 12, 2015
Adam Hamilton, CPA

Gold movements indeed do not correlate, in general, with interest rates, which typically have a much longer cycle (60 years).

I don’t think I would be backing up the truck for phyz right now..

Gabriel,

Ron Rosen writes very hyper sounding reports. They are neat to read but then after getting excited from the hyperbole, as an investor you need to snap back into reality and live in the real world.

Guys like Rosen and Polney should only be consumed as entertainment for the most.

Sure in 10 years they might be right or close to it, but we mere mortals have to live in the here and now and try to survive by making a few bucks along the way.

Most of the gold/silver news letter writers don’t pay the bills from their investing prowess, they survive economically from subscription fees.

My dog knows as much about the direction of gold as Polney and Rosen, just to name two.

V

June 16 Gold: World Reflation Is Here Stewart Thomson 321gold