The Conventional Markets and the precious metals markets were down a bit today, but take a look at some of the ten year bonds.
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Looks like Bill Gross differs from Cory. Who’s right???
http://news.goldseek.com/GoldSeek/1464290112.php
The Club in the last 5 years has taken corruption/lawlessness to a much higher level and can now be compared to gang mobsters. It’s referred to as a red wedding. No one leaves and they play for blood.
Once you understand that, you can clearly identify where this once great nation is going.
The toilet bowl is full now and its just waiting to be flushed. Right now we are in a slow motion crash. The props are up, pedal to the floor leveraging and the stage is once again set for nothing remotely close to 2009. Major war cycle and end game.
Great point on the 10 year notes Cory. I am also watching that chart and we have a continuation pattern being created so i concur with your view price breaks up in June. I really appreciate you guys have started to look at the market more broadly including currencies, bonds and commodity groups. Gold on its own cannot be measured in isolation. Doing that almost always leads to the wrong conclusions.
About silver….yup, its down she goes and not by a little either. Our local blue pitchfork chart genius who posts daily thought a minor 2% correction was all that was in the cards….but that has already been exceeded and so he is wrong as usual.
Groan. When will the pumping and promotions ever end?
GDX has broken below the 50 day…..GDXJ bounced off it and is now ready to break below.We should see accelerated selling on the Junior miners once that happens. Most of the market of buyers in that segment continue to believe that each decline is another buying opportunity and that gold has resumed a new bull market.
All of them are wrong. It is going to take time however before panic selling arrives and the reality sets in that gold will not be making new highs or exceeding 1306 anytime soon.
For the time being JDST and DUST will probably not perform well as some expect as buyers keep snapping up mine shares on each price dip in gold. That’s just how the market works. Until sentiment turns bearish again the bear trades performance will be modest at best.
We have technical downside support levels in gold that are approaching now though and once reached and breached will start to test the conviction of some mine share buyers.
Panic selling is an inevitability once supports break. That will change the mood from upbeat to down and talk of a new bull market will start to recede with some popular analysts suddenly claiming they saw it all along.
The usual BS in other words.
One thing I really like about your shows is, when they are over – they are over. The audio stops. I dislike the way most other podcasts have MINUTES of after content audio, full of promotions and other advertisements. Thank you !
I have a feeling 1205 will hold for gold…
City gets a slap on the wrist…But none of the thieving bastards are going to jail….
Where do I apply for one of those, get out of jail free cards ?
http://gata.org/node/16474