Is This Bounce In the Precious Metals For Real?
With gold down 5 weeks in a row we are seeing a turn around that started yesterday. Editor of The Daily Gold, Jordan Roy-Byrne, shares his technical outlook for the precious metals and comments on the bearish sentiment that continues in the sector.
Click here to visit Jordan’s website for more precious metal commentary.
Click download link to listen on this device: Download Show
Yes, you two were in agreement 18 months ago, too…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=7&dy=22&id=p34328571735&a=534016220
At least you weren’t selling.
So far Jordan looks to be correct.
Wacky weed or the roll out of 5G….for mind control. 🙂
Democrats dimwits ,just filed articles of impeachment…zh
Papers should be filed against maxine waters for impersonating a human being……..
Ha ha…good one….she is such an idiot
Some people think a civil war will happen if Trump gets impeached. Hard to see people care enough about anything really, but if it did happen, maybe the U.S. would have to recall their military.
You would think some of those military people would be interested enough to want to see whats happening at home.
If, you listened to Fitts ,we already know who the problem is…..
We do, and we have known for years.
Nobody with any influence does anything tho.
I dont think anything gets done as long as Israel is supported.
MIC..still in control.,deep state with a black budget
Maybe Macy Waters knows about the black budget….
The Gold Direction Indicator Just Turned Green!
Peter Degraaf – July 12, 2017
http://www.gold-eagle.com/article/gold-direction-indicator-just-turned-green
Green light ..$22 silver,,$1307 gold. Game on
Must See Video
A few moments ago on Fox Business Channel we heard someone proclaim that “given all that’s going on the world, gold should probably be $5,000 to $6,000 per ounce”. Who actually had the gall to say this on live television? You won’t believe it unless you see it for yourself.
So, here you go. This is Neil Cavuto discussing the “markets” with Terry Duffy, the one and only CEO of the CME Group. The first five minutes are the standard boilerplate of Fed policy, etc and blahblahblah. However, at the 4:55 mark, Cavuto asks:
“But we haven’t seen money move into the metals….what is going on there?”
To which Duffy answers:…….
Well, you’re going to have to hear it for yourself to believe it. Again, fast forward to the 4:55 mark and have a listen.
Mostly Hype…..wash and rinse for awhile ,until the CFTC….puts some fat fingers in jail, just More of the same .
Fox is as bad as the rest…Fox has turned into a comedy club..
20,000 Chinese spy s in U.S……zh
BART Withholds Video Of Attacks Over Concern About “Stereotypes”
Over the last few months, several attacks by large groups have targeted riders on San Francisco’s Bay Area Rapid Transit (BART) trains, resulting in robberies and injuries. The first of these took place in April and involved as many as sixty youth and seven victims, two of whom were beaten. The two most recent came at the end of June, including an armed robbery with a knife and another incident with a dozen perpetrators robbing a woman.
http://www.zerohedge.com/news/2017-07-12/bart-withholds-video-attacks-over-concern-about-stereotypes
I never did trust egg rolls…
Chinese Billionaire Warns America: China Has Over 20,000 Spies Who Are “Ready To Destroy The U.S.”
“Before 2012, China had around 20,000 agents working in the United States…in a defensive mode. The operations then shifted in 2012 to ‘offensive’ spying… ready to destroy the U.S. in ways they can.
Canada is in serious problems with real estate……..zh
too much credit cards and real estate debt is going to be a killer.
“Buy All The Things” – Yellen’s Dovish Flip Sparks Bid In Stocks, Bonds, Bullion, & Bitcoin
Did The Fed just step in to replace the Trump premium as Junior’s email dashes hopes of tax breaks further? Timing is certainly interesting…
Extremely bearish candles put in in AXU and EXK today. A plunge is right around the corner.
Textbook bear flags on the $silver and $gold daily charts. Both are about to plunge and potentially dramatically based on the monthly charts. Sure $gold may get some support at $1175ish, but every hack knows how to draw a rudimentary trendline from the 2015 lows. Odds are they crash $gold right through that level to maximize the waterfall effect from all the stop losses.
Dang,you are a bundle of joy…I was feeling kinda good…this bear is growing old….
What? You’re not long AMZN and GOOG? AMZN headed to $2000 and then infinity. They will literally take over more or less all retail in the US, and eventually, globally. Alibaba can’t win this war since they are not backstopped by the reserve currency and US army.
US stock market is the greatest moral hazard ever concocted. There is no reason for it to go down, ever. I don’t care if PEs get to 10,000. The Fed will print up whatever it takes and everyone knows it now. They have created a positive feedback loop that will not end.
The kicker is that we are seeing a commensurate drop in commodities
No stock splits..Amazon could be like Berkshire Hathaway..$130,000 per share.
Anything under infinity is undervalued.
Ok Buzz.. 🙂
You think I am joking? In nominal US dollar terms, AMZN is worth infinity.
Spanky – AMZN is a good company but you have it valued at infinity and beyond…?
Why wouldn’t you just put 100% of all your wealth in it then (unless you are joking)?
spanky….might be on to something……concerning Amazon, there is no competition in their space, …the traditional way of looking at value seems to be different than the old thinking. Today, zh, put out a thought concerning an October stock shock , which may not happen, because everyone is expecting a drop. The Fed and other central banks can just keep pumping in the buy orders as long as they want……Trump has nothing to say about the FED., except there is mention of Cohen , Goldman shoe shine boy , coming in place of Yellen…..so, do we get same old same ole’………just a thought and a rant….. 🙂
Greece ready to issue 4.5% bond……..everyone on board……even thought they owe 240billion, who gets paid first……….
thought to though ……
Larry McDonald Talks Gold & Macro, Short & Long-Term
JULY 12, 2017 JORDAN ROY-BYRNE CMT, MFTA FEATURED, THEDAILYGOLD PODCAST
https://thedailygold.com/larry-mcdonald-talks-gold-macro-short-long-term/
Enjoyed….McDonald was a good listen to
AMZN’s MACD on the daily chart just flipped positive. Get on the rocket ride to $2000.
US stocks and gold will move in the exact opposite direction over the next 6 months.
With Whole Foods behind them, they can grow organically… 🙂
good one OOTB.
😉
Jordan has been a gold bear and a bit gun shy ever since his previous calls for $1900 gold in 2016 never panned out.
https://thedailygold.com/jordan-roy-byrne-believes-2015-will-see-renewal-golds-secular-bull-market/
Paul no fair! How dare you show Jordan’s previous wrong calls.
Nothing to see here. Move along.
Let me guess…..lower….lower….lower
gold and silver broken…Sentiment at 19 ….but it can go to zero…run for your lives.
Gold’s monthly stochastics look precarious.
My God Jordan, you have to be one of the most negative I’ve heard.
Week after week after week….your comments are always…down…down..down.
Each update “down…down…down” gold is broken..Silver is broken…we are doomed.
You have been bearish since the lows.
But of course your caveat is “if it moves above 1250…you go bullish.
Seems to me you buy at 1210 and sell at 1250….not buy.
+1 My sentiments exactly.
Anaconda intersects 3.63 g/t gold over 12.0 metres at the Argyle discovery – expands zone of mineralization down-dip and to the northeast
July 13, 2017 /CNW/ –
“Anaconda Mining Inc. – (TSX:ANX) is pleased to provide initial assay results for the recently announced drill program at the Argyle discovery, located approximately 4.5 kilometres from the Company’s fully-operational Pine Cove Mill and tailings facility at the Point Rousse Project, Newfoundland and Labrador. ”
Assay highlights from the first four holes of the program include:
3.63 grams per tonne (“g/t”) gold over 12.0 metres (58.0 to 70.0 metres) in hole AE-17-46;
3.22 g/t gold over 4.0 metres (45.0 to 49.0 metres) in hole AE-17-45;
1.56 g/t gold over 3.0 metres (77.0 to 80.0 metres) in hole AE-17-47; and
1.22 g/t gold over 4.0 metres (86.0 to 90.0 metres) in hole AE-17-48.
https://ceo.ca/@newswire/anaconda-intersects-363-gt-gold-over-120-metres
I like Jordan, maybe just because he sees things like I do. lol
Pot shares are bouncing too, funny how they very often move with gold shares.
I dont follow anything else for shares so I dont know just how many resources move together.
Makes ya wonder tho.