Recapping the next couple months for gold and US markets
Today Doc and I look at the moves we have seen so far this week in gold, gold stocks and the US markets. We then look forward to what we think the relationship will be between gold and US markets through the next couple months. We also touch on the VIX holding at low levels even though it appears as though the market is rolling over.
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Pricing of precious metals by the COMEX is losing power.
CHINDIA will determine pricing increasingly as western stock piles dwindle.
e.g.
http://www.dnaindia.com/scitech/report-new-silver-catalyst-to-fight-smog-in-cities-2291352
Gary Savage latest:
I miss this guy on this site.
Doc, you don’t think there is already direct monetization? !!
The US will follow the example of Japan .
I think you are correct CFS…..we will follow Japan , because it worked…..
OFF TOPIC:
Congress Takes First Steps To Dismantle Health Care Law
By ANDREW TAYLOR – Associated Press – 4 minutes ago
WASHINGTON (AP) — Congressional Republicans are taking the first steps toward dismantling President Barack Obama’s health care law, facing pressure from President-elect Donald Trump to move quickly on a replacement.
“We have a responsibility to step in and provide relief from this failing law,” Speaker Paul Ryan, R-Wis., told reporters Thursday. “And we have to do it all at the same time so that everybody sees what we’re trying to do.”
Yet Ryan said there are no “hard deadlines” for a GOP replacement in tandem with the repeal effort, underscoring the difficulty for Congress despite the president-elect’s call to both repeal the law and replace it with legislation to “get health care taken care of in this country.”
Gold headed to around 1191.
Got there.
Quite a warning from Doc today about being in – or rather staying out – of the conventional markets. I don’t think I have ever heard Doc speak so strongly about the conventionals.
Break down anytime after the 20th of Jan, says obama………
Anyone have any thoughts on copper? Or has it left the starting gates permanently?
Seems like an awfully good bump in the gold stocks to me…of course, time will tell.
GDXJ relative to GDX is on the verge of taking out a key level:
http://stockcharts.com/h-sc/ui?s=GDXJ%3AGDX&p=W&yr=8&mn=0&dy=0&id=p09058442276&a=418074702
Hi Doc, assuming that you may still have shares in Great Panther, I was wondering what you thought of the news today regarding their lower production and guidance.
Slow movement is good.
The SGE magnets continue to elevate:
SGE gold fix now at $1214.35
Silver at $18.17
For the general markets how do you spell Exchange Stabilization Fund? Most spell it PPT.