Exclusive Insights on the Gold Market – Wed 7 Jun, 2017

Jesse Felder – Focus on the Breakout in Gold

Yesterday’s move in gold was technically significant from the sense that it broke a downtrend line that encompasses the entire move down since 2011. This downtrend was tested back in April and has not finally been broker. In a special daily editorial Jesse Felder and I discuss the significance of such a break and what he think is in store for the precious metal.

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Featuring:
Jesse FelderCory Fleck
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Comments:
  1. On June 7, 2017 at 12:55 pm,
    CFS says:

    Watch, listen and learn,
    https://www.youtube.com/watch?v=cB5ihHGsm2o
    for a once good anglo-based economy is liberally decaying….
    Something coming to the US, if you allow it.

    • On June 7, 2017 at 2:03 pm,
      OOTB Jerry says:

      already here………..

      • On June 7, 2017 at 2:06 pm,
        OOTB Jerry says:

        94million out of the workforce…….100 trillion in unfunded liabilities …lead in the water , chem trails in the sky, monsanto in the corn, part time work for students no existent ,etc.

        • On June 8, 2017 at 10:08 am,
          proudcanuck says:

          200 trillion + unfunded is my understanding

          • On June 8, 2017 at 11:23 am,
            OOTB Jerry says:

            That is what I understand also, ….I under estimated, only because the 200 trill is not totally proven yet….(I think)…and so many blow hearts guru’s have been proven wrong for so long…..I was just playing it safe……… 🙂

          • On June 8, 2017 at 11:25 am,
            OOTB Jerry says:

            or is that blow hard gurus….

    • On June 7, 2017 at 2:07 pm,
      OOTB Jerry says:

      What is funny….on PBS this morning , they were saying how great the economy was in Aussie Land……..

  2. On June 7, 2017 at 1:50 pm,
    Richard says:

    Alio Gold (Timmins gold) up 10% today at 52 week high. Been saying for sometime now it was extremely undervalued. Got further to run in my opinion.
    Thoughts and coments anyone?

  3. On June 7, 2017 at 2:08 pm,
    OOTB Jerry says:

    Somebody fire BIG OWL……..

    • On June 7, 2017 at 10:15 pm,
      OOTB Jerry says:

      Did somebody……..?

  4. On June 7, 2017 at 4:16 pm,
    FranSix says:

    One thing I would add to the discussion is a trend towards yield curve inversion in the U.S. With a quarter point hike, and perhaps a little buying pressure in the 2-yr treasury, you can conceivably be on the point of a yield curve inversion. Borrowing short and lending long would let you indulge in bond buying to waylay cash over the coming rout in the markets, but you would also consider the move into bullion. Bullion would protect you from negative rate regimes that would follow a stock market rout. Gold prices still have some catching up to do, imo:

    http://schrts.co/dijTAf

  5. On June 7, 2017 at 4:21 pm,
    CFS says:

    ira epstein end of day

    https://youtu.be/GvvnM4emYgY?t=33

  6. On June 7, 2017 at 4:45 pm,
    Karl Bergman says:

    I started with a core position of 10,000 shares of TGD when Sprott lent them $$ back in Jan 2016. Now ALO, institutional investors might be acquiring above 5 bucks a share. A definite sleeper here.

  7. On June 7, 2017 at 10:22 pm,
    Matthew says:

    It has to be bullish that it’s been so quiet around here the last two days. Gold might stall very soon as the dollar bounces but the miners will probably still do well.

    http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=3&mn=3&dy=0&id=p31340428068&a=520931764

  8. On June 8, 2017 at 7:18 am,
    BDC says:
  9. On June 8, 2017 at 7:19 am,
    OOTB Jerry says:

    Someone , (guess who) DUMPED $4billion in gold paper……….lol………..zerohedge

    • On June 8, 2017 at 7:20 am,
      OOTB Jerry says:

      Silver good buy today…………..

      • On June 8, 2017 at 7:30 am,
        OOTB Jerry says:

        Dumped just before COmey takes stand…….he is on public trial (jmo)

        • On June 8, 2017 at 7:31 am,
          OOTB Jerry says:

          CO….of Obamaland

        • On June 8, 2017 at 9:48 am,
          OOTB Jerry says:

          Lynch is going to be on the hot seat , after Comey comments…….zh

    • On June 8, 2017 at 8:19 am,
      CFS says:

      http://www.zerohedge.com/news/2017-06-08/someone-just-dumped-4-billion-gold-futures-ahead-comey-testimony

      I wish the attorney general would start an investigation into Hillary’s pay to play money.
      It is needed to start the draining of the swamp, but Trump is too stupid to realize that the best defense is often a good offense.

      • On June 8, 2017 at 9:42 am,
        OOTB Jerry says:

        I think he(Trump) has already started that…….Session was in Atlanta three or four days ago addressing some of the question on Pedogate.
        FBI raid on homes of Abbiden’s sister and brother ,which discovered commuter and hard drive , that Hilly said destroyed or was missing..this took place in Michigan.

  10. On June 8, 2017 at 7:25 am,
    Matthew says:

    Sellers (bears, hedgers and profit-takers) have pushed GLD back below the 233 week MA:

    http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=5&mn=3&dy=0&id=p92997290064&a=517381906

  11. On June 8, 2017 at 8:19 am,
    Matthew says:
  12. On June 8, 2017 at 8:22 am,
    CFS says:

    WARSAW, Poland (AP) — The first ever tanker with liquefied natural gas from the United States arrived Thursday in Poland as part of the country’s efforts to diversify its energy sources and cut dependence on Russia.

    It was the first delivery of U.S. gas to eastern and northern Europe. Last year, Poland opened its first terminal for liquefied natural gas, or LNG, in Swinoujscie, on the Baltic Sea coast, to be able to receive such gas from distant suppliers like the U.S. or Qatar, which has already made some deliveries.

    During a ceremony welcoming the U. S. tanker “Clean Ocean,” Prime Minister Beata Szydlo said it was a historic moment that improves the region’s energy security.

    “Today Poland can say that it is a safe and sovereign country, also because we have such wonderful investments” like the LNG terminal, Szydlo said.

    • On June 8, 2017 at 9:31 am,
      BDC says:

      Is LNG cheaper than gas through a pipe?