Reversal day – Comments on Gold and the USD
Doc is with us today to comment on the big reversals we are seeing post the Trump speech. Gold has moved up and is now approaching $1,200. The US Dollar has given back all of the gains from this morning. After the morning moves have been reversed we are now continuing on with the trends from the beginning of the year.
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Valentines day…….gold going to the moon…… all women are going to want their share of gold from hubby…..
Their are more problems in the world, than last year…….black swans all over the place.
their to there
Trump will be buying lots of gold for doorknobs, faucets, fixtures, eating utensils, etc. at the White House. This could add a couple of hundred bucks to the gold price.
He may since I hear the 0 removed the silver ones.
Just as the Clintons did when they left.
sgtreport………good story on Putin and his thoughts concerning Christianity and NWO.
ootb; you have a link? I think I may have listened to that at one time.
OOTB, no link is necessary—I found it and listened to it already.
should be interesting going forward, as to how we develop a new relationship with Russia, vs what we have experienced with Obama, Bush, Clinton…….
Maybe Trump will get it right—the U.S is waning culturally, economically, politically and socially. In the future, they will no longer be the big dog on the block. We better change our ways or we’re in for a lot of grief.
I agree……..
The Clinton News Network was called out as fake news.
I bought back my gdx in the aftermarket after gold held 1190. 1197 now at 940pm.
The market had a strong close after losing the rally and bouncing up. I did a lot of selling just in case of a correction coming and then bought back heavily.
It’s been really interesting how the conventional markets look like they are rolling over, time and time again. And then they blast off and money comes rushing in. And then you see stuff like this, and it ..all..makes..sense..
Bank earnings come out this Friday. The BBands on GS,MS and JPM are seriously tight. The stocks are in overbought territory. Southbound ?? Yeup!
Doc you rock!
May 2017 be a most special and joyous one for you and your family.
Great call on Uranium yesterday Doc!
Denison up ~ 10% with production cut
Gold Pops As The Dollar Continues To Lose Steam
Thursday January 12, 2017
(Kitco News) – “I was expecting some selling at the $1,197 area, with a re-entry should gold close above the $1,202 level. Gold was influenced overnight with the better-than-expected economic numbers out of Germany. Germany’s GDP for 2016 came in at 1.9%, a growth level not seen since 2011. Growth in the European zone may begin to lift inflation, which may cause the ECB to reconsider the degree of stimulus. The dollar sold off on the news and gave the metals the push needed to break above the $1,200 level. A close above the $1,202 area suggests further momentum, possibly to the $1,222 range. A break below $1,200 will encourage selling.”
— By Peter Hug, Kitco Metals Global Trading Director
Gold at $1201 this morning.
So much for the “deflationary” boogie man:)
Metanor Intersects 8.6 g/t Au Over 13.9 m at Bachelor Mine
(Marketwired – Jan. 12, 2017) – Metanor Resources Inc. (TSX VENTURE:MTO)
I’ve got a small stake in Metanor as they are underrated and undervalued Gold Producers, but their exploration results have been quite noteworthy lately.
Metanor Resources Corporate Presentation:
Millrock Resources Provides Corporate Update for 2017 and Yearly Review for 2016
(Marketwired – January 12, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO)
In January I’ve been building a small position in Sabina Gold & Silver because they are getting near the time period where they find out if they have met all the qualifications to get their permit. The last 2 attempts they got shut down due to First Nations and Caribou concerns, but this time most of the communities and environmentalists are now on board for the project to move forward.
The government was supposed to announce a decision by the end of 2016 but there should be news any day now. If they get the permit the stock will pop, if they get denied it will be a bummer. Will it be 3 times a charm?
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Here’s a great chart from Goldfinger on Sabina Gold & Silver:
@Goldfinger – “One of my favorite charts right now:
http://cdn.ceo.ca/1c7f68u-SBB.TO_1.12.2017.png
” $SBB breakout targeting C$1.25 then C$1.45 – nice rounding bottom pattern completed. “
EX, I bought 1500more @ $ .69 in Dec.
Nice Marty. Well (SBB) has some interest brewing again, and rightfully so. Many are watching to see if they are going to get their permit, but I decided to wade into the water now that it’s do or die time for their project. The economics are great, the management team is great, and most stakeholders and communities are now behind the project. We’ll see how it goes.
Here’s a peek into the Sabina Gold and Silver room where there are some good comments from other investors:
I was at 37% cash in Dec., now 9%.
Sticking with Pretium as miner of the Decade.
Jay Taylor interview Brent Cook:
bump…..from trump……..