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A focus on gold and gold stocks

Cory
June 6, 2017

A very nice move today by gold and the stocks. Knocking on a strong resistance zone there are reasons to believe that it might break though this time. With lots of news coming on Thursday that should have an impact on the markets that could be the catalyst gold needs and GDX needs to reach new highs for this year.

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Discussion
30 Comments
    CFS
    Jun 06, 2017 06:17 PM

    So much news is not reported:
    https://youtu.be/nZyycIOwrgk?t=23

      Jun 06, 2017 06:39 PM

      Americans Catch a Highly Edited Glimpse of Vladimir Putin Schooling Megyn Kelly

      Snippet…Putin Talking JFK Assassination Deep State Blues to a Prime Time American Audience

      Putin’s sit down with Megyn Kelly both as the moderator of the SPIEF and the separate interview with NBC News came days after a lengthy sit down with reporters from the French newspaper Le Figaro. Putin’s statements to the French journalists were more significant, and in our opinion reflected a greater willingness to recognize the reality of globalist players behind geopolitics, than what followed. However, there is a certain logical consistency to Putin’s messaging to the western and wider world in both interviews.

      Zerohedge cited Putin’s reference during his discussion with Megyn Kelly to the widespread belief among Americans (as revealed by Gallup polls) that there was a conspiracy to assassinate President John F. Kennedy (left unsaid by Putin in this instance, was a major motive of the November 1963 Deep State plotters: after the near death experience of the Cuban Missile Crisis and the secret hotlines established to defuse it, JFK wanted to ease tensions with the Soviet Union). Putin made a connection between the implication that the Deep State killed JFK and the unstated Wikileaks Vault 7 revelations that the ‘signatures’ of Russian or Ukrainian hackers were now ‘in the wild’ available to CIA for false flag cyber attacks:

      http://www.roguemoney.net/2017/06/06/americans-catch-a-highly-edited-glimpse-of-vladimir-putin-schooling-megyn-kelly/

        BDC
        Jun 06, 2017 06:40 PM

        “NBC edited out Putin’s hard truths – here’s what you missed”
        https://www.youtube.com/watch?v=qWGPwm-D_Qw
        (Inessa is Russian.)

          Jun 06, 2017 06:21 PM

          Did the FBI have evidence of a breach larger than Snowden? A lawsuit says yes.

          A former U.S. intelligence contractor tells Circa he walked away with more than 600 million classified documents on 47 hard drives from the National Security Agency and the CIA, a haul potentially larger than Edward Snowden’s now infamous breach.

          And now he is suing former FBI Director James Comey and other government figures, alleging the bureau has covered up evidence he provided them showing widespread spying on Americans that violated civil liberties.

          http://circa.com/politics/accountability/james-comey-sued-by-intelligence-contractor-dennis-montgomery-over-spying-on-americans

            Jun 07, 2017 07:58 AM

            GOOD>>>>>Comey needs to go down…..along with some others…….

            Jun 07, 2017 07:59 AM

            I would like to see YELLEN …….go down as well…….along, with BEN

    GH
    Jun 06, 2017 06:35 PM

    Here’s one for you CFS:

    http://www.paulcraigroberts.org/2016/07/20/is-the-saudi-911-story-part-of-the-deception-paul-craig-roberts/

    The theory that the Saudis were in the driver’s seat is a very shaky edifice.

    Jun 06, 2017 06:42 PM

    I suspect it was the geo-political event in the Gulf that caused it – sorry Cory – as there is some serious trouble brewing there.

    CFS
    Jun 06, 2017 06:44 PM
      Jun 06, 2017 06:17 PM

      NICE addition to the comments from today…….on the …CFTC…..

    Jun 06, 2017 06:43 PM

    CNN News Shows You How to Make a “FAKE NEWS” Demonstration News Video

    https://www.youtube.com/watch?v=CMq7upQ-m8U

    CFS
    Jun 06, 2017 06:44 PM
    Jun 06, 2017 06:42 PM

    As I pointed out yesterday, the junior miners finally look better than the senior miners:

    GDXJ:GDX
    http://stockcharts.com/h-sc/ui?s=GDXJ%3AGDX&p=D&yr=0&mn=7&dy=0&id=p55258763410&a=527904993

      Jun 07, 2017 07:56 AM

      INTERESTING>>>>>>>thanks…………..

    Jun 07, 2017 07:45 AM

    ANDY HOFFMAN…….at usawatchdog……talks about BITCOIN

    Jun 07, 2017 07:58 AM

    It took over a year, but IPT finally pulled back to test the 200 week MA support:

    http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=6&mn=9&dy=0&id=p89986887597

    CFS
    Jun 07, 2017 07:48 AM

    IRA EPSTEIN MORNING

    https://youtu.be/xoqD-BfuN5w?t=34

    Jun 07, 2017 07:55 AM

    The loonie fell sharply from fork resistance to day:

    2 hour chart
    http://stockcharts.com/h-sc/ui?s=%24CDW&p=120&yr=0&mn=3&dy=0&id=p74336525651&a=528220282

    CFS
    Jun 07, 2017 07:54 AM

    MADRID (AP) — Spain’s Banco Santander is paying the symbolic sum of 1 euro to take over local rival Banco Popular, a long-troubled lender whose shares lost more than half of their value over the past week.

    In a statement on Wednesday, Santander said it will take over all the stock in Banco Popular, which had 305,152 shareholders as of the end of March. It will raise around 7 billion euros ($7.9 billion) in a share issue “to reinforce the balance sheet of Banco Popular.”

    The takeover was conducted in an auction sanctioned by the European Commission after the main banking regulator in the eurozone, the European Central Bank, said Tuesday that it believed Popular was “failing or likely to fail.”

    It was the first time the ECB had pulled the plug on a bank since it was given new powers aimed at preventing financial institutions from disrupting government finances through bailouts, as they did during the eurozone’s debt crisis.

    European leaders agreed to move banking supervision to the EU level — so-called “banking union” — due to concerns that national regulators were too slow to flag problems at their home banks. The ECB took over supervisory responsibility on in November 2014.

    Madrid-based Popular has been struggling with 7.9 billion euros ($ 8.9 billion) in non-performing assets, including 7.2 billion euros ($8.1 billion) in real estate.

    As confidence waned in Popular, shares in the bank fell about 38 percent last week and another 20 percent this week, to 0.32 euros per share before regulators halted trading in its shares ahead of Wednesday’s market opening.

    The sale is “in the public interest as it protects all depositors of Banco Popular and ensures financial stability,” said the European agency that manages failing banks in the 19-country eurozone, of which Spain is a member.

    CFS
    Jun 07, 2017 07:10 AM

    Alabama saw a 65% drop in welfare applications when it instituted work requirements, now Wisconsin is looking to reduce medicaid costs:
    MADISON, Wis. (AP) — Wisconsin has submitted a request to become the first state in the country to drug test applicants for Medicaid.

    Republican Gov. Scott Walker said Wednesday that the state submitted the waiver request to President Donald Trump’s administration. The plan would require able-bodied, childless adults to undergo drug screening when applying for Medicaid health benefits.

    The waiver request also includes new work requirements and limits benefits to no more than four years until the Medicaid recipient meets the work requirements.

      Jun 07, 2017 07:23 AM

      Wisc. will be losing a lot of population…….as welfare applicants seek another liberal state to flock to…..without drug test.

    Jun 07, 2017 07:36 AM

    SLV ran into resistance at the 600 day EMA and a pitchfork:

    http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=13&id=p05953759058&a=528251782