Criag Hemke joins us to discuss this past very positive week in the precious metals sector.
Click download link to listen on this device: Download Show
This past week proved to be dynamic for the precious metals sector. What does this portend for the financial indicators next week? The drop in the value of the U.S. dollar could spell trouble.
Spell it out for us dummies………
Another way to influence gold and silver price on the COMEX is to make a change in margin requirements.
If margin is raised some over-leveraged longs will be forced to sell.
Expect it to happen and cause a price drop.
Nice added point…………CRIMEX as you said……..
Just a little more MANIPULATION……… 🙂
WONDER IF the CME………..read HOLTER’s rebuttal to Bob M. 🙂
Turd……is a platinum watcher………….
Jerry, not sure if you saw this response to your buddy Bob:
http://www.jsmineset.com/2016/04/28/my-response-to-bob-moriarty-public-article/
thanks Bobby………
as posted earlier: gary savage, says gold won’t break the 200 month mvg avg. ..http://www.gold-eagle.com/article/what%E2%80%99s-going-gold
That is actually a great call.
I thought so……….
Birdman-Your long term $1000 call? Is that pretty much what Gary is saying in his above piece? TIA
No. Gary has not been in that camp for a long time. Even I am getting ready to dispense with that theory since it has abruptly become improbable. What Gary was saying in reference to the post above was that gold would not break out over its 200 month moving average….that it will bounce off that resistance and correct down.
I agree with him. That’s a good call.
BOBBY………thanks for the post………on BILL AND BOB..COMEXING WITH BELIEF.
I still think COMEX IS A FRAUD……….
That’s why some people call it the CRIMEX
Yes indeed
….. and that’s why we invented all organic DOOM EX !!!!
“Constipated from nervous trading in the commodity space. Are you all bunched up?”
“Flush those negative interest rates cares away with all organic DOOM EX.”
(Brought to you by the makers of Precious Metals Depends).
(Recommended spokesperson Dr. Marc Faber of the Doom, Boom, Gloom report)
damn……….that is funny…….
It never get’s old……
Like the venerable Franky/Xing Xang/Jonnalin so often said:
“Day never stop!”
BTW – Where is Franky?
Has he gotten kicked out again? Haven’t seen his posts for a few weeks.
That is a gooooood question……..WHERE IS FRANKY?
Yeah, we need more jokes about Marylin Monroe and the Pope.
🙂
I often wondered if Franky was even invested in the resource sector, but then once in a while he’d ask or comment about specific mining stocks. His posts seem to lack all connection to reality most of the time though, and for a long time I was frustrated by it until his posts got so absurd that somehow it started cracking me up. Also he is very passionate, which stands out like a sore thumb when people are posting charts, graphs, numbers, and talking TA.
BTW – Good job to Gold today. It looks like it is going to close above $1280 and $1290 – currently at at $1294.50.
* This is going to be a very positive daily, weekly, and monthly close.
DO not forget silver……………break out is happening………. 🙂
HUI………..233……..up $15……nice……….
OK final close is Gold at $1292.40.
Yes, Contrarian’s Contrarian Frank…… Of course Silver is a star today!
– As you know the level I wanted to see a close above was $17.72, and Silver kept on trucking and closed at $17.82. It threw down a Mercury Dime on that resistance like a boss!
So yeah, a very solid move made today by the PMs. Nice.
I tried to see a 1942S mercury dime yesterday…….MS66
see to sell
ya gotta see it to sell it….
good one……..
1942-s fb (full bands) is worth about $200 in ms-66 according to PCGS price guide.
DITTO……….
Prices seem to be firming up…..on the good stuff……….
Big auction in Chicago this week……this..is going to provide some more info on the
market for coins and graded currency.
I remember in 2004, 2006 at the Hard assets Conf in early May both years after solid Jan -Aprils in the PMs, and suddenly Da Boyz collapsed the metals significantly. One of those years I sat down with Al for a share time.Marriott Marquis-Times Square
I remember……..did not shake me out………..
I wonder if we are going to get 2-4 am waterfall dump event the next 5-7 trading days in the PMs. Be vigilant.
The Chinese will soak it up…….on the SGE…….maybe………
BUT, you know they are going to try something…..
Marty – Next week is going to be very interesting indeed. Agreed on being vigilant.
Keep a weather eye on the horizon………
Even if gold does correct down suddenly, odds are good it bounces back again before the end is confirmed.
Superb commentary! I’d like to hear from Craig frequently if possible.
Clark
Clark,he has a paid service: TFMetals.com with free audio several times a week as well as commentary. He also is doing a Friday am weekly audio on SprottMoney.com
Thanks for that info Marty! Enjoy the weekend.
Yes – Craig was on point today. I agree with his comments on the dollar index being affected by the Yen and the Euro as part of the dollar index and as their monetary easing policies push the currencies around.
Yellen …….is not going to raise rates……….