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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already here………..
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.
200 trillion + unfunded is my understanding
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……… 🙂
or is that blow hard gurus….
What is funny….on PBS this morning , they were saying how great the economy was in Aussie Land……..
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?
I don’t follow it but the charts say you are most likely right that it has further to run — probably a lot further.
Daily:
http://stockcharts.com/h-sc/ui?s=ALO&p=D&yr=0&mn=9&dy=0&id=p12744929550
Somebody fire BIG OWL……..
Did somebody……..?
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:
ira epstein end of day
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.
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
A possible path that bounce might take:
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=0&dy=13&id=p06863008288&a=528369444
Excelsior will you contact me directly? I have a question about silver that only you can answer.
Hi Bob. I emailed you at 321gold
Matthew — The April 21st Dollar Index gap had apparently closed on May 11th; however, there is a significant Euro/Dollar gap back there which is still open. It will close, and may be doing so now. Do your charts show this gap?
Yes, there are several big gaps. Here’s a chart I posted on 5/27:
http://stockcharts.com/h-sc/ui?s=%24XEU&p=D&yr=1&mn=7&dy=0&id=p60975402263&a=526354699
Thank you!
Someone , (guess who) DUMPED $4billion in gold paper……….lol………..zerohedge
Silver good buy today…………..
Dumped just before COmey takes stand…….he is on public trial (jmo)
CO….of Obamaland
Lynch is going to be on the hot seat , after Comey comments…….zh
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.
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.
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
GLD is suddenly following the arrow that I drew a few days ago:
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=22&id=p68128860999&a=527851584
The miners have retraced 75% of the April-May drop:
http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=0&dy=0&id=p33800446343&a=504250724
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.
Is LNG cheaper than gas through a pipe?
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.