Big Al and LPG talk gold in a bit of a different light. Agree or disagree?
Laurent-Patrick Gally, aka “LPG” joins us from France to discuss gold and precious markets at this juncture – While gold hit its lowest level since July today, LPG thinks a reversal is imminent.
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Europe is definitely going to be a back on the front burner in global news, policy changes, sentiment changes, and currency fluctuations. I agree with the chat from LPG and Big Al that if you couple the European situation with the Dec. Fed-babble and the passing of the Presidential baton in the US in Jan. that it may be a turbulent next 2 months.
I also wanted to see Gold hold above $1180, and in particular the $1172 Fib retracement of 61.8%. Now that gold is back down in the $1168 zone, it is susceptible to falling out of bed and going down to test the Dec 2015 lows for a double bottom. However, often times a support level will get breached only marginally to run the stops, and then exhaust the sellers. If this consolidation we’ve seen all week bouncing on either side of $1172-$1180 is any indication of exhausting the sellers, then it’s still possible to avoid the double bottom scenario. It would be more bullish if Gold would close definitively above $1172 and preferably above $1180 to end this weekly candle.
All eyes on the Friday Gold close…… (fingers crossed).
Gold at $1177 🙂
Hey no fair! Yall posted this past my bedtime! Now I have to lie sleepless all night waiting for my morning coffee and my next does of the KE Report! Just kidding. In all seriousness have you heard about the circus around the delisting of UWTI and DWTI? Gonna be a mess I guess. But then again, trading a 3X ETN on the OTC ought to be quite interesting. 300% swings anyone?
Hello Jason,
Hope all’s well.
To state the obvious, I humbly suggest you stick to electronic routing if available (ARCA…) when trading those – as opposed to going via market makers…
Best to you,
LPG
NuLegacy Gold drills 14.8 m of 2.11 g/t Au at Iceberg
2016-11-30 07:10 ET – News Release
Mr. James Anderson reports
NULEGACY DRILLING EXPANDS ICEBERG GOLD DEPOSIT
NuLegacy Gold Corp. has released assays from the last eight holes of infill and step-out drilling in the 2016 exploration program on its 100-per-cent-owned Iceberg oxide gold deposit.
The primary target of this set of holes is the near-surface Carlin-style oxidized gold mineralization within the three-kilometre-long and 0.5 km wide Iceberg gold deposit in the Cortez gold trend of north-central Nevada.
You think the states and/or the US will allow you to bypass the monetary system?
Hollande will not run in the next French election and will probably be replaced by Valls (the current Prime Minister). Against Marine LePen and Republican Fillon who are currently expected to win.
(Hollande had an approval rating of 10-12%, depending on which poll you believe)
Utter Stupidity of Political Correctness kills Germany:
https://www.gatestoneinstitute.org/9461/germany-sharia-law
Dummkopfe
Meanwhile from the land of fruits and nuts:
Americans not in LABOR Force Soars….to Record 95.1 Million……jumps to 446,000 0
One mouth……
Unemployment rate joke
Obamy should be proud
49 days remain…..and bye bye Barry
I know it is smaller, but don’t forget Austrian vote.
Silver in Shanghai is holding above $18…….that limits the fall in the US.
Gold is not holding up quite as well because of the strength of the dollar.