Comparing the moves in gold this year from last year
Doc and I look at the moves in gold and gold stocks this year compared to last year. We do not see on a percentage basis quite as good as we saw in 2016 but there are some more bullish fundamentals in our eyes. Considering the US markets have been relatively stable this year money is still flowing into gold and gold stocks.
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Why is 17.80 so hard for silver to get through, I have a bad feeling that if it does not bust through it quickly it will be the same old same old and get sold off!
And have to wait another 6 months to see, gets real old!!
Told you guys over the weekend that 17.85 would likely be the trigger for the next sharp move higher.
So Avi do you think it will get over that short term? I was not able to listen to the weekend show
Remember, JP Morgan amassed the largest hoard of silver ever put together in history.
They can sell it whenever they want.
B:
You need to consider the source of that information. He has been wrong on everything he ever said about silver. JMP is a trading house and 90% of the people in JPM probably don’t know what their net position is much less an outsider with an agenda.
b
I think China bought JPM and took some of that silver already. And these bank charts are looking vulnerable again… ( which means they will blast off again..🤔
For the moment price is set on the COMEX, but make no mistake, the bullion banks look at volume in Asia.
Right now (I don’t know why) volume in India and China is up in gold more than silver.
There may have been tax changes or supply changes, I do not know.
I think I recall something about China buying JPMorgan, I forget the particulars.
But that would sure make sense.
China bought the London gold vaults of JPM.
Not JPM.
China thought they were buying gold…..Jamie told them that it was all there, or at least pictures of it……..Jamie has it stored on his homestead in Alaska
Yes, it was the vaults.
I forgot.
Hi Doc, isn’t $16 – $16.50 buy level for silver getting very unlikely now??
Jay, possibly—-We should know when March is over.
Moves in Gold Price Suggest There’s Trouble Ahead
The price of gold (see above chart) has been rising and its volume spiking since President Donald Trump signed his infamous Executive Order on immigration on January 27. That action ushered in a new U.S. era of uncertainty in which thousands of agreements, such as Lawful Permanent Resident status known as a green card, can be casually broken by one man in the Oval Office signing an Executive Order and setting off pandemonium in lives and airports around the globe. It raises the fear of what other established laws or rights the President might attempt to sign away.
Gold typically rises when there is fear in stock markets. But the stock market has not been following its typical relationship to gold by selling off. Since Trump’s presidential win in early November, the Standard and Poor’s 500 has been on a steady uptrend. We’ll analyze that further in a moment, but first some necessary background.
At the top of the list of what the stock market hates is uncertainty. Thus, one would have suspected that when the United States elected a President who had never before served in public office with a penchant for hurling insults at the country’s largest trading partners, and who promised radical changes in the oversight of Wall Street, there would have been a major selloff in stocks.
That didn’t happen because Trump quickly sent hand signals to the biggest traders on Wall Street: the big Wall Street banks (yes, despite the Volker Rule they’re still major traders) and the hedge funds…continued…
http://wallstreetonparade.com/2017/02/moves-in-gold-price-suggest-theres-trouble-ahead/
I know many Silicon Valley companies are VERY annoyed at Trump’s proposals to limit work visas, as they have been finding problems in recruiting enough GOOD software engineers from American universities.
But then most of California seems to hate Trump!
California, the land of Fruits and Nuts.
Platinum Group Metals (PLG) up over 18% today.
PPLT just moved above its MA(200)
Nice. Platinum has been on the move again….
Commerzbank: Platinum To Benefit From Higher Gold Prices
Wednesday February 08, 2017
http://www.kitco.com/news/2017-02-08/Commerzbank-Platinum-To-Benefit-From-Higher-Gold-Prices.html
I added some to my Wellgreen position today, as it has been weak lately, but I’d expect their next round of news releases to hit prior to the PDAC so they can use that info at the show.
Their most recent press release was a company update in December that really focused on all the different metallurgical test work they were doing to produce a Copper-Nickel-PGM concentrate, or if they were going to need to produce two different concentrates. I expect some update to this soon, but for anyone interested, here’s what they put out at the end of last year:
_____________________________________________________________________
Wellgreen Platinum Provides Corporate Update
12/21/2016
Yes,nice move in PLG,(i own some)
Thanks for your post on Wellgreen,Excelsior, i have been buying some this week.
Speaking of weak,what do you think about Anfield Gold, ANF ?.Not much news lately.
MIF January 2017: Adamera Minerals Corp. – Mark Kolebaba
https://www.youtube.com/watch?v=CckaH1_CUlk&feature=youtu.be
Why are we still comparing this move in PM’s to last years.
To much looking at the left side of the chart.
We have a new President.
We have entered a new era.
until silver reaches 21 , no excitement in sight…………jmho
Hi Jerry…If you ask JPM nicely, then perhaps they might allow it to reach $21,afterall they control the silver price…..the bastards…………. .
Hello Tony……hope you are doing fine…..you should be feeling better today….since the parliament voted to trigger the Brexit …..what will the EU do without you …..
Btw……..you are correct on the “bastards”
The Donald needs to chat with Vlad
UK parliament voted to trigger Brexit………bye, bye EU…….zerohedge
No Jerry it was me . I told the old hag of windsor to tell May to trigger in Febuary as i could not wait till March…….i hate those Ides……
left you a note above….. Glad you are still talking to the queen, ….just read she has ruled the land longer than anyone in history.
Yes IrishT – put in a good word for us with the queen, would you….
And then wash your mouth out with a good Irish Whiskey.
Not surprising since the socialist dimwits are in the minority.
And when I first read this I thought they were talking about bankers…
Associated Press – 16 minutes ago
LA PAZ, Bolivia (AP) — Bolivian President Evo Morales is declaring a state of emergency to fight a plague of locusts that is decimating crops in the country’s agricultural heartland.
Morales announced the decision Wednesday as part of a contingency plan. It includes $700,000 in additional funds for fumigation.
Officials say the swarm of locusts first appeared two weeks ago about 60 miles (100 kilometers) south of the eastern city of Santa Cruz. It has spread fast and is now about 18 miles (30 kilometers) from Bolivia’s largest city.
I posted this in Ricks piece a couple of days ago. Just thought I would repost here as it is relevent. A cery interesting tpoic of discussion I believe.
Just as i felt gold was due to turn around because of the overbearishness in December, now Im wary as it feels too many are becoming over bullish. Im not judging those in the bull camp as I am ultimately in the same camp. Just being cautious is all.
It’s wise to be cautious, but I haven’t got a strong consensus from the general marketplace, or even on this site, so it seems like a market to me. I’m keeping a weather eye on the horizon though…..
Yes, it is wise to be cautious just as long as we recognize what cautious is. For example, buying gold or the gold miners when gold was near the 600 week (roughly 12 year!) moving average is an exercise in caution. The herd is a little too forgiving of “cautious” experts because they don’t know how to assess risk. In other words, a lot of “cautious” experts aren’t really cautious at all, they’re just wrong.
schiff yesterday
Hi Doc, now that NGD has risen from 2.40 to 3.02 do you still think it will fall to 2 ? Thanks.
Gold Miners; Attempting 6-year breakout!
by Chris Kimble | Feb 8, 2017 | Kimble Charting
https://www.kimblechartingsolutions.com/2017/02/gold-miners-attempting-6-year-breakout/
» Mexus Gold US (OTCQB: MXSG) CEO Paul Thompson Interview
FEBRUARY 8, 2017, BY: THE WALL STREET ANALYZER
http://wallstreetanalyzer.com/2017/02/08/mexus-gold-us-otcqb-mxsg-ceo-interview/
Finally some important dates for Mexus (MXSG):
Leach pad working towards target start on Feb 22nd
Gold production to begin on March 15th.
Let the fun begin….
Rome’s Flat Tax Created the Biggest Economic Boom in History
Gold – Dow – & the Numbers
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-dow-the-numbers/
RBC gold takeover candidates
https://www.docdroid.net/dWTPlao/gold-ma-2017-the-sleeping-giants-are-stirring-rbc-capital-markets.pdf.html#page=9
500 CDE @$9.70
Waiting on $9.34 for CDE
Gold correcting from near 1250 to probably about 1230 and then back up. I just bought some GDX today.
Smart. Today is a day for buying or holding, not selling.
I bought 1500 GDX so far. Gold should hold 1230 or 1225 worst case.
Today there is a shift to high dividend stocks.
http://stockcharts.com/h-sc/ui?s=DOD