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Short and Long-Term Outlooks for Gold and the USD

Cory
November 16, 2016

Doc is with us to help wrap up the markets. We focus on the US dollar heading up very close to resistance. With technical factors on its side a breakout is looking more likely. We also look at the short and long-term forecast for gold and gold stocks. it depends what type of an investor you are but the long-term is looking much better.

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Discussion
53 Comments
    Nov 16, 2016 16:20 PM

    As the dollar goes on a tear and metals struggle, have we been duped with deception and deceit over the outcome of election result or is the market suffering from manipulatitus??? I would think a little from column a and a little from column b. The rhetoric that interest rate increase odds would decrease below 20% on Trump win only to see those odds allegedly change to nearly 100% within 5 trading days is ridiculous. Either we are being fed complete crap from the “analysts” and “experts” or everyone was blindsided by a few of the big boys who knew well in advance what was transpiring. Makes me wonder, these guys (central bankers) could come and publicly declare the entire world econony is in the toilet and gold will be needed to survive and they would somehow still have us believe in the almighty US dollar and the value of gold remained at current levels

    Nov 16, 2016 16:46 PM

    Mad Irishman declares………..
    No rate hike in December.

      Nov 16, 2016 16:44 PM

      I agree. They are going to do all they can to continue this charade.

      With what our rulers have set in place if interest rates revert to even half the mean the whole neofuedal gulag casino plantation economy sh*t house is going to burn down.

      https://mises.org/blog/looming-bubble-long-term-debt

        CFS
        Nov 16, 2016 16:36 PM

        I don’t see how this is all going to work.

        There are 8.1 million graduated students, already in default of their student loans.

        The government can do nothing!

        Student loan debt is now $4.1 Trillion.
        That’s $ 4,100,000 millions

        That is a debt bomb all on its own.

        If interest rates go up…….

        Ka BOOOMB

          Nov 17, 2016 17:20 AM

          It isn’t going to work out…..l have been warning about this since 2010….school debt … kaboom

    Nov 16, 2016 16:48 PM

    They would be high odds indeed. 50-1, 80-1?

    CFS
    Nov 16, 2016 16:51 PM
      Nov 16, 2016 16:42 PM

      Potentially terrifying implications…but the vast majority are clueless and those who aren’t can’t stop what will unfold.

    Nov 16, 2016 16:44 PM

    Noticing that higher volatility in gold as reflected in the ADX line and the green peaks corresponds with the interim price low, we could be assigning elliot wave counts here. The (1) up move from December of a year ago corrects into the (2) of November this year as the first up leg in the return to the gold bull market after a lengthy skew.

    http://schrts.co/EV9KH0

    Nov 16, 2016 16:56 PM

    Brent Cook, Exploration Insights – Year-End Update on Junior Mining Sector
    Nov 11, 2016 | Stock News Now

    https://www.youtube.com/watch?v=XM-hOg7GL8s

      Nov 16, 2016 16:17 PM

      GwenPreston – FED Backed into a Corner, This will Spell Ultimate Rise in Gold & Silver

      https://www.youtube.com/watch?v=iB20WTFlfmw

        Nov 16, 2016 16:38 PM

        How to Invest in These ‘Out of Whack’ Markets

        Eric Coffin – Published on Nov 16, 2016

        “Hard Rock Advisors’ editor Eric Coffin thinks the way investors are reacting to the U.S. election is a little ’out of whack’ and it is an important time to remain cautious. He says there is still a case for gold despite recent weakness, calling for a renewed bull market for the metal. According to Coffin, gold is in a much better position now that speculative positioning has become more balanced, he said. Looking ahead, where should investors look to put their money as America prepares for a new President and in an environment of global negative interest rates? Tune in now to get an exclusive insider look at Coffin’s presentation at the Metals Investor Forum in Vancouver, BC.”

        https://www.youtube.com/watch?v=jv1CW-PYQaU

        Nov 17, 2016 17:52 AM

        She forgot to mention real estate Foreclosures are up…..forget the housing starts,builders are usually wrong

          Nov 17, 2016 17:57 AM

          Miami condo flippers are flipping out….condo project slowdown on the way

        Nov 17, 2016 17:59 AM

        Thanks for the post…..CCF

      Nov 16, 2016 16:32 PM

      Gold slips as Dollar climbs to 14-year high
      By Marcy Nicholson and Jan Harvey – Nov 16, 2016

      http://www.reuters.com/article/global-precious-idUSL8N1DH4T9

    Nov 16, 2016 16:26 PM

    Gold investments are one thing but base metal prospects are garnering my attention particularly for zinc explorers, now is the time to look at what does it mean to have Trump as President. Trump is a builder, he wants to make America prosperous again and that means base metals. Steel has a great future, that was part of America’s past but now it is the future. DT

      Nov 16, 2016 16:00 PM

      Iron ore: ”An open door ready to be pushed’, says SP Angel’s John Meyer
      Published on Nov 16, 2016

      “SP Angel’s mining analyst John Meyer caught up with Proactive’s Stocktube to discuss the outlook for iron ore prices.”

      “After surging last week to multi-year highs, prices slid nearly 9 percent overnight. In November alone they rose close to 24 percent.”

      Meyer said: ”The swing is caused by a combination of a very substantial rise in prices over the last few months, particularly in the last few weeks and the Chinese authorities stepping in to curb activity in the futures markets for steel and iron-ore”.

      ”Physically it’s more of a China story but the news of Donald Trump coming in and the realisation that Trump is going to major on construction and wants to rebuild the infrastructure of America … I think that has helped the market to go a little bit higher”.

      https://www.youtube.com/watch?v=TdaOYWRSmhU

        Nov 16, 2016 16:18 PM

        There is no guaranty against poverty equal to a job for every man. Look you fools without work nobody has a future and with Trump we will start to see the building of the infrastructure. You can’t have a society without work and the promise of a future. The Republicans will buy into this idea because they believe that prosperity is a peculiar Republican product. Thank God the Republicans are in power we need to banish poverty by providing jobs. DT

          Nov 16, 2016 16:25 PM

          Very few posters realize that we are on a path not only for us but the rest of the world, if we can’t find work for the middle class our society is going to repeat the past that Germany had in the beginning of the 1930’s. Where did that lead mankind to. DT

          Nov 16, 2016 16:44 PM

          DT:

          Where in the Constitution does it say the government is in charge of jobs? The government is in charge of opportunity, not jobs.

            Nov 16, 2016 16:14 PM

            Without a government that isn’t business friendly there will be no jobs. People are responsible for creating jobs not the constitution. Government must be business friendly and reorganize the countries finances. They must also provide the right rules and regulations that create this environment and they must build the infrastructure to facilitate the conditions to allow business to flourish. They must also enforce these rules so that corruption is kept to a minimum and lawbreakers are duly punished. If you don’t have a government that understands the needs of the businessman you won’t have job creation. So to answer your question if you don’t have a government that understands how a successful business is run there won’t be a strong job producing economy. It’s a catch 22 situation, the constitution doesn’t provide jobs either and like a third world country corruption will destroy incentive for business, so in effect the government does provide jobs and opportunity for those jobs.

        Nov 17, 2016 17:11 AM

        GFMS: Silver Market To Post Fourth Straight Supply Deficit In 2016
        By Kitco News – Thursday November 17, 2016

        http://www.kitco.com/news/2016-11-17/GFMS-Silver-Market-To-Post-Fourth-Straight-Supply-Deficit-In-2016.html

      Nov 17, 2016 17:05 AM

      Of 22 Banks polled NO-ONE sees Copper price rally continue
      Frik Els | 21 minutes ago

      http://www.mining.com/of-22-banks-polled-no-one-sees-copper-price-rally-continue/

    CFS
    Nov 16, 2016 16:55 PM

    Coming soon to a neighborhood near you…..

    Puerto Rico Warns Of Cash Crunch When Debt Moratorium Ends
    By DANICA COTO – Associated Press – 1 hour ago
    SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government warned in a liquidity report made public on Wednesday that it will run out of money in less than three months as the U.S. territory pushes to restructure nearly $70 billion in public debt.

    The report notes that the island could be up to $3 billion in the red as it faces a $1.3 billion debt payment in February, when a temporary debt moratorium imposed earlier this year expires, and another $934 million in bond payments due from March through June.

    Puerto Rico has already defaulted on nearly $1.4 billion worth of bond payments since August 2015, angering creditors who have filed multiple lawsuits and accuse the government of exaggerating its situation.

    Government officials warned on Wednesday that if the moratorium is not extended, the island will run out of cash to provide essential services. The report also warned that the island’s pension system, which is underfunded by more than $40 billion, will run out of cash in 2018 unless the government takes steps such as increasing contributions.

    It is going to be “Trump’s Fault”

    Nov 16, 2016 16:10 PM

    Even the US dollar will eventually become a pure digital currency with no physical remnants. Here in Aus there is widespread talk of banishing the $100 bill. Along with the 5 and 10 cent piece, it appears our physical cash allotments are becoming a thing of the past

      CFS
      Nov 16, 2016 16:30 PM

      You Aussies are stupid if you allow it.

    CFS
    Nov 16, 2016 16:18 PM

    Don’t worry, be happy……

    Health
    Stephen Hawking Puts An Expiry Date On Humanity
    Suman Varandani,IBTimes 14 hours ago.

    Stephen Hawking believes that humanity has less than a thousand years on Earth before a mass extinction occurs, the leading theoretical physicist said during a speech Tuesday at Oxford University Union, U.K.

    According to Hawking, the only way humans can avoid the possibility of extinction was to find another planet to inhabit. At the talk, Hawking gave a one-hour speech on man’s understanding of the origin of the universe from primordial creation myths to the most cutting-edge predictions made by “M-theory,” which presents an idea about the basic substance of the universe.

    “We must also continue to go into space for the future of humanity,” he said. “I don’t think we will survive another 1000 without escaping beyond our fragile planet.”

    Earlier this year, the 74-year-old predicted that technology would lead Earth to a virtually inevitable global cataclysm.

    “We face a number of threats to our survival from nuclear war, catastrophic global warming, and genetically engineered viruses,” he said in January. “The number is likely to increase in the future, with the development of new technologies, and new ways things can go wrong. Although the chance of a disaster to planet Earth in a given year may be quite low, it adds up over time.”

    Hawking reportedly added that finding another planet was the only chance of survival.

    “[We] have spread out into space, and to other stars, so a disaster on Earth would not mean the end of the human race,” he said. “However, we will not establish self-sustaining colonies in space for at least the next hundred years, so we have to be very careful in this period.”

    Since 2009, NASA has been working to discover Earth-like planets that can support life.

    The discovery of more than 2,000 planets has been confirmed so far and over 4,500 “planet candidates” are waiting to have their existence confirmed.

    “The first exoplanet orbiting another star like our sun was discovered in 1995,” according to NASA. “Exoplanets, especially small Earth-size worlds, belonged within the realm of science fiction just 21 years ago. Today, and thousands of discoveries later, astronomers are on the cusp of finding something people have dreamt about for thousands of years.”

    Nov 16, 2016 16:36 PM

    Al ! Lucky you the only 1 left ! Accumulate !!!

      CFS
      Nov 16, 2016 16:42 PM

      I’m still buying and accumulating….

      1 oz of gold and 100 oz of silver every few days.

        Nov 16, 2016 16:45 PM

        COOL is the WAY ! strange dips BUY ! CFS i Agree !

          Nov 17, 2016 17:12 AM

          Cool is the way ! – Hey Franky!

            Nov 17, 2016 17:06 AM

            Hey ! Cool Excelsior !

    CFS
    Nov 16, 2016 16:40 PM

    I finally figured out why Dry Shipping stocks, went crazy.

    http://stockcharts.com/h-sc/ui?s=%24BDI

    The BDI is raised to lunacy levels.

    No way is that sustainable.
    No way shipping is going to earn what analysts are calculating.

    CFS
    Nov 16, 2016 16:57 PM
      Nov 16, 2016 16:12 PM

      What oil stocks can profited from diss in the long ? CFS tanks !

        CFS
        Nov 16, 2016 16:39 PM

        Permian Basin
        Majors acreage:

        Company Net Acreage
        Occidental 2,500,000
        Apache 1,700,000
        Chevron 1,500,000
        Pioneer Natural Resources 680,000

        Other companies:
        Bold Energy, Earthstone Energy, merger, combination, acquisition, EnCap, Midland Basin, Permian Basin, West Texas, bargain price, analyst, Wolfcamp, shale, horizontal drilling, fracking, Daniel P Katzenberg, Baird Equity Research, Spraberry, Frank A Lodzi
        Bold Move: Earthstone Adds Midland Acreage At Bargain Price

        Earthstone snared a deal for EnCap-backed Bold Energy, growing its Midland Basin position at an ‘attractive valuation,’ analysts say.

        Keywords: Permian Basin, Midland Basin, Delaware Basin, oil, natural gas, shale, fracking, Pioneer Natural Resources, CEO, Scott Sheffield, Laredo Petroleum, Randy Foutch, Executive Oil Conference, Texas, Hart Energy, Oil and Gas Investor, Darren Barbee,
        In The Zone: Pioneer’s Sheffield, Laredo’s Foutch Talk Permian A&D

        Escalating acreage prices make sense in the context of well locations’ potential to generate returns of up to 20%.

          Nov 16, 2016 16:46 PM

          Look at Torchlight and retire rich.

          Nov 17, 2016 17:05 AM

          He is already retired and rich….

            Nov 17, 2016 17:10 AM

            Funny OOTB…..The Claw.

            Nov 17, 2016 17:24 AM

            😉

    CFS
    Nov 16, 2016 16:59 PM

    Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion.

    US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago. The count of active oil rigs fell with prices, but has risen over the past few months, mostly in the Permian. Bloomberg noted that the Wolfcamp, where this deposit was found, has been one of the primary targets of shale drillers.

    CFS
    Nov 16, 2016 16:17 PM

    Why on earth would people be so stupid as to give away freedom and power to the banks.

    Without cash, how is it possible to escape a bail-in or a banking collapse?
    Who would gamble that there would never be a banking collapse?
    Have they never studied history?

    It happens every few years in one country or another!

      Nov 17, 2016 17:05 PM

      Even without cash you can still move your money out of the banking system electronically so you are not part of any bail-in or banking collapse.

    Nov 16, 2016 16:29 PM

    I dont think its that simple CFS in regards to allowing it or not. These people with their corrupt money system have set up a world where we rely on it to survive. Either one goes completely “off the grid” or there is written demands and petitions stating compulsory sweeping changes of our monetary system within the country. Being an established entity within the western world, i doubt the latter would ever eventuate. So we are left with the option of acting on an individual level. Dont worry, i hear and agree with what you say. We are however pawns to the banking cabal with everyday purchases

    Nov 16, 2016 16:36 PM

    Banking collapse is inevitable, you are right there. With how these crooks operate within a bank, it is impossible to not end in ruin. Leverage, fractional reserve lending, derivative betting, peddling peoples deposits the world over is nothing but greed and gluttony, whilst disregarding the end result. Sound mathematics is irrefutable. It doesnt mix well with power driven crazed disconnects

    Nov 16, 2016 16:47 PM

    Also look at the pattern of each crisis and how it is more severe than the previous one. If the GFC was our worst economic crisis since the great depression, whats coming when it next goes up sh*t creek could be interesting to say the least.

    Nov 17, 2016 17:57 AM

    Hello bird