Dana Lyons Commentary – Thu 13 Jul, 2017

Here are some reasons for silver to bounce

When I have Dana Lyons on the show we talk about a number of different markets. Today we focus on silver because he sees a couple reasons for silver to bounce from its current level. Chart 1 below outlines the uptrend support line that silver is testing. We also discuss the unwind of the massive net short COT commercials position (Chart 2) and the typical bottom for gold in a year. All of these factors are bullish for the metal.

A final comment is made on the Dow in terms of the years ending in certain numbers. See the Chart 3 which shows how bad the second half of years ending in 7 are.

Click here for Dana’s Lyons Share Pro website.

Click download link to listen on this device: Download Show

Chart 1


Chart 2

Chart 3

Dana LyonsCory Fleck
View related posts on:

  1. On July 13, 2017 at 10:47 am,
    CFS says:
    • On July 13, 2017 at 10:57 am,
      Robert Moriarty says:

      The commercial are like the dealers in Vegas. They don’t care what the bettors want to bet on, they cover all bets. Talking about the commercials being massively short suggests the craps dealers in Vegas determine who bets on what.

      They don’t.

      A commercial short really means a speculator long. Speculators are the guys betting on the come in Vegas and on the Comex. When they bail out of their massive longs, they have to cover by selling. So if the market is going down and the OI is declining it is the longs covering moving the market, not the commercials.

      About one guy in 20 understands how commodity markets move. Anyone talking about a “commercial short” position is in the group of 19. Commercial shorts are no more meaningful than a pretty black jack dealer.

  2. On July 13, 2017 at 11:33 am,
    OOTB Jerry says:

    One sheep herder and 19 SHEEple…. 🙂

    • On July 13, 2017 at 12:08 pm,
      Robert Moriarty says:


      I’m going to steal that thought.

      • On July 13, 2017 at 4:43 pm,
        Ebolan says:

        Jerry, if I recall you retired early so I’m guessing you aren’t on Medicare. If that’s right what do you do for health insurance? Did you get an exemption for Bammycare and if so could you tell how you did it?

        • On July 13, 2017 at 5:21 pm,
          OOTB Jerry says:

          Being self employed forever….you get use to paying high premiums, along with high dedituctibles ,along with paying for all medicines. Nice thing being 69- ,the part A Medicare takes some of risk off. I was paying $800 ..20yrs ago. Today people are getting a chance to see how it feels to pay your own way.

          • On July 13, 2017 at 6:14 pm,
            Ebolan says:

            Problem is you don’t pay your own way, you pay everyone else’s way…but I know there are some exemptions and there are some other alternatives to health insurance companies. Out where I live what the exchange charges for nothing much more than a catastrophic policy (crappy bronze plan) is completely insane. At some point you have to say f’ it.

          • On July 13, 2017 at 6:25 pm,
            OOTB Jerry says:

            Fitts had mentioned along with Cary Lutz at FSN…health coops…..where responsible individuals join together.

          • On July 13, 2017 at 7:14 pm,
            Ebolan says:

            I have heard of them but haven’t checked them out. Got to do that and a bunch of other things…after all, “Captain January will need all his people.” 🙂

      • On July 13, 2017 at 6:19 pm,
        OOTB Jerry says:

        Bob , consider it a gift…. 😉

  3. On July 13, 2017 at 11:45 am,
    CFS says:
  4. On July 13, 2017 at 12:55 pm,
    spanky says:

    The $silver daily and weekly charts are already wrecked. Now its the silver miners turn.
    I thought maybe the silver miners could close at the upper portion of today’s range, but they are closing weak, some extremely weak. The path of least resistance is clearly down. I expect HL to tag its 100 WMA in the low 4’s in the next 4 weeks. I expect AXU will tag its 200 WMA at $1.08, and I think it could easily see prices in the 80-90 cent region.

  5. On July 13, 2017 at 1:31 pm,
    spanky says:

    This is the $sugar weekly chart back from the late 1990’s. I think it is a perfect analog to GDX’s current weekly chart. The alignment of the MAs is uncanny.


  6. On July 13, 2017 at 2:15 pm,
    CFS says:

    Justice in America……..it all depends if you are politically connected.

    This stinks; abuse of power.
    Bill Clinton appointed judge, another part of the corruption.

    OK, so it’s off Topic, but it is about Silver if you read the article.

    • On July 13, 2017 at 4:55 pm,
      JohnK says:

      Your article misses Dirty Russian Money laundered in New York Real estate.
      This will be the straw.
      Mark my words.

      • On July 14, 2017 at 6:54 am,
        Chartster says:

        Lemme guess, amalgamated bank NY ?

        • On July 14, 2017 at 7:50 am,
          JohnK says:

          My best guess says all roads lead to Cypress.

  7. On July 13, 2017 at 4:40 pm,
    Ebolan says:

    Anyone else here think Hillary had Seth Rich bumped off? After read what’s below plus some other things including Assange’s hinting at it I voiced my opinion in another forum and was naturally called a nut case conspiracy theorists, even by the right wingers. I told them I was sure Hilly and Billy would make sure it remains just a theory, even if they have to rub out more people…

    Independent group releases new report on Seth Rich murder investigation

    D.C. Police tell the 7 ON YOUR SIDE I-Team that Seth Rich’s murder is still being investigated as a botched robbery.

    The Profiling Project doesn’t buy it. A report just issued by the Profiling Project says the murder was more likely committed by a hired killer.


    • On July 13, 2017 at 5:38 pm,
      CFS says:

      More probable was DNC operation.
      Hilliary may or may not have been totally in loop.

      • On July 13, 2017 at 6:20 pm,
        Ebolan says:

        That sounds more plausible. I am sure slick Willy and Hilly are more than smart enough to make sure they won’t get caught. If they did order the hit I’m sure they kept enough distance to have plausible deniability and if the didn’t order the hit (at least directly), I’d bet they knew about it and tacitly supported it.

        • On July 13, 2017 at 6:23 pm,
          Ebolan says:

          Another suspect should certainly be Podesta.

    • On July 14, 2017 at 5:48 am,
      OOTB Jerry says:

      The list of deaths around the Clinton’s is 80…l am betting the odd are she did…

  8. On July 13, 2017 at 5:25 pm,
    Excelsior says:

    Callinex Mines: High Grades, Prolific Districts and Countless Catalysts
    by @TomWallace on July 13, 2017

    “I had the chance to catch up with Max Porterfield, CEO of Callinex Mines. They’ve got a portfolio of very attractive zinc projects sporting intersections like 7.4m of 35% Zn Eq, 12.4m of 34% Zn Eq. and 19.6m of 24% Zn Eq. Those specific results were from the Big Island project that hasn’t been drilled since 1991 (yuge potential). Their projects are surrounded by other mines so the infrastructure is top notch. They’ve got proven mine finders on their team and the company is trading far below their peer group on a per pound in the ground basis, so I wont be surprised to see Callinex shoot up when the market realizes this. “Bargain” is a word i’d use to describe the company at the current price, especially when you look at the short term zinc supply picture.”


  9. On July 13, 2017 at 5:36 pm,
    Excelsior says:

    Forecasts for Uranium price all point up
    Frik Els | about 3 hours ago

    “Uranium was the glaring exception amid a broad-based rally in metals and minerals in 2016. The price of U3O8 fell 41% in 2016 with the industry tracker UxC’s broker average price hitting 12-year lows below $18 per pound in November.

    After top supplier Kazakhstan announced in the second week of January that it’s cutting output by 5.2 million pounds, equal to 3% of global production, the price rallied, hitting $26.75 a pound by mid-February.

    But Japanese utility TEPCO’s declaration of force majeure on a key uranium delivery contract from Cameco Corp. (CCO-T), the world’s top listed uranium producer, dampened enthusiasm.

    And news in April that the US dept of Energy is making cuts to the amount of uranium that it disperses into the market (as much as 1.1m pounds per year less) did little to buoy sentiment, not to mention bad news surrounding nuclear power including the first new reactor to be built in the UK in a generation and risks to the US industry.

    Last week Russian state nuclear corporation Rosatom suspended its Mkuju River uranium project in Tanzania for at least three years due to depressed uranium market.

    Spot uranium rose to $20.75 this week but remains technically in a bear market, trading down more than 20% from its February peak. Despite the current negativity analysts surveyed by FocusEconomics in July predict a steady increase in the price from today’s levels rising by 40% by the end of next year and over $40 a pound in 2020:”


  10. On July 13, 2017 at 7:02 pm,
    JohnK says:

    Keep an eye on Palladium.
    Physical deficit of 1.2 million ounces grew by one quarter in 2016
    Net balance rose to a deficit of .67 million ounces.
    Mine production contracted by 2% last year.
    7.36 million ounces used for auto catalysts last year was the 5th successive all time high.

    • On July 14, 2017 at 7:40 am,
      OOTB Jerry says:

      They can start mining the auto grave yard….plenty of supply there

      • On July 14, 2017 at 7:49 am,
        JohnK says:

        Actually Jerry there has been an increase in scrap supply.
        This has been counterbalancing the drop in mine supply.
        I’d be willing to bet there isn’t much left in the junk yards.

        • On July 14, 2017 at 7:50 am,
          Excelsior says:

          Ha – we were posting at the same time JohnK. Agreed.

        • On July 14, 2017 at 8:23 am,
          OOTB Jerry says:

          Plenty of junk on the dealer floor 🙂 and lots,wholesale lot, off lease vehicles, autos sales have topped.
          All kidding aside , thanks for the reply.

      • On July 14, 2017 at 7:50 am,
        Excelsior says:

        Stillwater Mining has been recycling the PGMs from autos for years and there are far fewer available than one might assume. Most scrapyards realize the metal value and send them off for recycling. Stillwater really has grown the recycling division of their company this way over the last decade, but now (SBGL) Sibanye will be the recipient of those revenues, since they acquired SWC.

        • On July 14, 2017 at 7:54 am,
          JohnK says:

          Hi Shad :
          I hate to beg but I will anyway.
          How about your list of Platinum,paladium explorers and producers.
          I think I have about every list you have posted except these.

          • On July 14, 2017 at 8:08 am,
            Excelsior says:

            * PGM Stocks

            ATLATSA RES CORP
            LONMIN PLC
            NICKLE ONE INC
            NOBLE METALS
            NOVX21 INC
            THARISA PLC
            WESTERN AREAS NL

            * PGM – Funds and ETFs


          • On July 14, 2017 at 8:16 am,
            JohnK says:

            I’ve said it before and I’ll say it again .
            We here at the K E Report have been blessed with your hard work and willingness to share with others.
            Thanks again .

          • On July 14, 2017 at 8:26 am,
            Excelsior says:

            Thanks for the kind words JohnK. Cheers Matey!

    • On July 14, 2017 at 7:56 am,
      Excelsior says:

      Another company capitalizing on the extraction of PGMs from tailings, waste rocks, chromite, and slag / slurries is (JLP.L) (JUBPF) Jubilee Platinum.

      > ConRoast (South Africa)

      “Jubilee’s unique access to the ConRoast process enables Jubilee to unlock the inherent PGE (platinum group element) values in the traditional chrome ores via the extraction of PGEs and chrome from near- or at-surface platinum containing chrome reefs.”

      “Fundamentally, the ConRoast process involves removing sulphur from metal sulphide concentrate prior to smelting in a DC arc furnace, which under reducing conditions produces molten iron droplets to capture PGEs, nickel, copper and cobalt . These droplets settle out into an iron alloy prior to refining the alloy recovery and separation of the individual base metals from the PGMs.”


      • On July 14, 2017 at 8:00 am,
        Excelsior says:

        Check out Jubilee’s Platinum/Palladium/Chrome tailings projects as well as their PGMs from Nickel Tailings. They are using those to drive revenues to get at their larger scale PGM development projects.

        – The Hernic plant in South Africa
        – Leinster nickel tailings property in Western Australia


        • On July 14, 2017 at 8:56 am,
          OOTB Jerry says:

          My favorite…..

          • On July 14, 2017 at 8:59 am,
            OOTB Jerry says:

            Except south Africa…look out…reports out today..gov’t looking to take over mines..need more research on the subject

          • On July 14, 2017 at 9:19 am,
            Excelsior says:

            Yes, South Africa is not a jurisdiction that is very safe and they have all kinds of Union BS and Government intervention, bordering on nationalizing certain assets. However, South Africa holds one of the larger ares of PGM endowed resources on the planet. There are other operations in Russia, Australia, Europe and parts of Canada that show promise but South Africa has the goods. With Jubilee I really like that they have focused on processing to generate PGMs & Chrome from tailings and waste to get things moving, but still hold some of the remaining large undeveloped PGM deposits for the pricing is right and their revenues are large enough.

          • On July 14, 2017 at 9:22 am,
            Excelsior says:

            Here’s a recent video with management at Jubilee:


          • On July 14, 2017 at 9:24 am,
            OOTB Jerry says:

            Tks for the comment….

          • On July 14, 2017 at 9:35 am,
            OOTB Jerry says:

            Very ” trailing..”… thanks for the video

          • On July 14, 2017 at 10:01 am,
            Excelsior says:

            Leon Coetzer, Chief Executive of Jubilee Platinum commented:

            “I am very pleased to announce that Hernic is up to full operational status. I now look forward to Jubilee receiving the financial benefits that this project will undoubtedly deliver. ”

            “We are actively pursuing further opportunities in platinum and base metal processing and will keep the market updated on progress made in this regard.”


  11. On July 13, 2017 at 7:35 pm,
    Wolfster says:

    Hey Ex your namesake has broken the $1 barrier….and for those still following the Auryn story it just got a NYSE listing announcement

    • On July 14, 2017 at 7:47 am,
      Excelsior says:

      Hey Wolfster – yes…. I’ve been watching it’s ascent. Some of that may be the progress and expectations regarding the permitting as well.

      • On July 14, 2017 at 8:08 am,
        Wolfster says:

        Still waiting for proper valuation based on NPV…..but then again I’m waiting for gzz to be properly valued too. 😮

        • On July 14, 2017 at 8:09 am,
          Excelsior says:

          Agreed on both points. GZZ back on sale….. 🙂

  12. On July 14, 2017 at 7:00 am,
    Matthew says:
  13. On July 14, 2017 at 7:07 am,
    Excelsior says:

    Volkswagen: 40 Battery Gigafactories Needed For Electric Car Revolution
    July 14th, 2017 by Steve Hanley

    “If every other manufacturer also finds electric cars amount to one quarter of their sales, the world will need 1.5 terawatt-hours of batteries each year. That equates to 40 Gigafactories making 35 gigawatt-hours of lithium-ion battery cells each year. Add in batteries for the emerging grid storage market and the need for battery cells will be much more.”

    “One way to decrease the need for massive new battery factories would be to increase the energy density of individual battery cells, something that corporations and researchers around the world are working feverishly to make happen. “We are in the middle of development work. That means we are producing new results every week,” Bosch Mobility Solutions chief Rolf Bulander told Automotive News last week.”

    “New battery technology could include solid-state batteries that replace the liquid electrolyte used in today’s lithium-ion products. Doing so would eliminate the need for complex and expensive battery cooling systems, lowering the cost of electric cars. Different battery chemistries, from lithium-sulphur to lithium-air chemistries, are being researched, but VW’s Eichhorn says such batteries are 15 years away from commercial production.”


    • On July 14, 2017 at 7:18 am,
      OOTB Jerry says:

      15 yrs away ,will give the auto industry time enough to get rid of the inventory glut…

      • On July 14, 2017 at 7:29 am,
        Matthew says:

        The last thing we need is an electric car revolution. It’s a scam based on a scam.

        • On July 14, 2017 at 7:32 am,
          OOTB Jerry says:

          I agree..

          • On July 14, 2017 at 8:21 am,
            Excelsior says:

            Just reporting on the developments in the industry. One could argue many businesses or products hurled at world markets aren’t of real value or had better alternatives, but the regardless, Battery plants will be needed for all the Electric Buses being utilized in many parts of the world (particularly Asia), Electric Trucks and Hauling equipment, Electric Bikes, Laptops, Tablets, SmartPhones, Drones, PowerTools, etc…

            Still one of the larger needs, Backup Batteries, has been spawned out of the limitations of Renewable Energy’s to provide 24/7 baseload power. One could make the case that most of the Green Propaganda is wrong or very overstated, but pollution is real and air quality & smog in most developing cities are the real policy drivers.

            ** Back Up Batteries will be a driver in the commodities like Lithium, Cobalt, Copper, Nickel, PGMs, and Manganese that feed the Battery Tech industry. That is my main interest in the story.

            An investor doesn’t have to agree with the reason a trend is beginning to capitalize on the money flows into that sector. People didn’t have to understand Beanie Babies to cash in the “Great Beanie Baby Bubble”. When SmartPhone or Drones
            Blockchain came out many thought they were silly notions, and even resisted them quite verbally, but their application has shown they were more than just a flash in the pan.

            While I agree the policy moves have all kinds of hypocrisy, pseudo-science, lies, and misinformed people that believe they are doing the right thing, but are really idiots, the trends in public sentiment, energy policy, and manufacturing are moving that way regardless.

            I’d recommend the book “Who Moved My Cheese” .

          • On July 14, 2017 at 8:29 am,
            OOTB Jerry says:

            Good point

          • On July 14, 2017 at 8:30 am,
            Matthew says:

            That trend could reverse but I wouldn’t bet on it.

          • On July 14, 2017 at 8:35 am,
            Excelsior says:

            There is too much momentum behind the trend at present for their to be a substitution or for people to come to their senses. There are so many areas of life from small gadgets to large vehicles that require some form of energy storage. For now it is in Batteries. Renewable energy is being crammed down everyone’s throats, and if countries like Germany or Japan or South Korea are abandoning Nuclear and diving into Solar & Wind then they are going to need BackUp Batteries.

            One day there may be a whole new paradigm, but for now Lithium, Cobalt, Copper, Nickel, PGMs, and Manganese are areas in extractive mining that have been benefiting as a result. I’m betting on them….. for now….

          • On July 14, 2017 at 8:35 am,
            Excelsior says:

            their = there

          • On July 14, 2017 at 8:43 am,
            Matthew says:

            I think a lot of people are waking up but it won’t be enough to stop those who are doing the looting.

          • On July 14, 2017 at 8:54 am,
            Excelsior says:

            Sadly you are correct Matthew. Free Energy has also been around for 60 years, but nobody wanted to awaken to that either. If we redirected the government spending on war we could feed the world, etc…. etc… Nobody said humanity was a rational race of beings.

            There have been many ways to approach industry, energy, food, etc… differently, but once the business interests of the Deep State are involved, they don’t play nicely.

            The Sheeple then buy their story hook, line, and sinker…. and people mobilize as a herd to walk to their beat, and thus trends form and play out. It’s been happening throughout human history as people always think they can run the village better (and hook up their friends and family along the way). Control & Greed still drive the bus.

          • On July 14, 2017 at 8:57 am,
            Excelsior says:

            The fuel of the bus is Taxation.

          • On July 14, 2017 at 9:01 am,
            Excelsior says:

            Wheels On The Bus Go Round And Round


          • On July 14, 2017 at 9:18 am,
            Matthew says:

            Noam Chomsky’s climate claims debunked


          • On July 14, 2017 at 9:25 am,
            Excelsior says:

            Thanks Matthew. That’s a good video, and I’ve seen it before. Worth the watch!

          • On July 14, 2017 at 9:30 am,
            Excelsior says:

            That video is a bit different and I had actually seen the regular speech from a fwe months which gets quoted in it:

            Noam Chomsky Climate Change Speech 2017


          • On July 14, 2017 at 9:40 am,
            Excelsior says:

            Noam Chomsky has been a full of it for years, and in general I don’t agree with his outlook. However, I check in once in a while to see what he’s moaning on about….

            He has a wide audience of insane ultra liberals putting him on a pedestal. Once in a while he has an interesting point, but he is normally off his rocker.

            I have friends of all stripes, but the wacked out Bernie Sanders crew love to email me Noam pieces, so there seems to be a lot of cross-pollination with those circles.

          • On July 14, 2017 at 9:45 am,
            Excelsior says:

            Watching the debunking video now. I have already fired it out to a few people that sent me the Noam speech a few months back. Some good points to call him out on so much disinformation. Thanks for the post Matthew.

          • On July 14, 2017 at 10:03 am,
            Matthew says:

            What makes Noam so dangerous is his decades of telling enough truth to cause his followers to retire any skepticism that might otherwise have had.

            Whether due to incompetence or laziness – or both, people love to follow heroes rather than attempt to sort out the truth for themselves.


          • On July 14, 2017 at 10:19 am,
            Excelsior says:

            That is a solid point Matthew. Noam isn’t a complete idiot, and when 911 happened and the Iraq wars, etc.. he had a few good insights, so he isn’t a complete idiot, but 80% of what he says is liberal nonsense. I check in with his thoughts from time to time just see what he’s banging on about, but have the ability to differentiate the good nuggets from the nonsense. Most of his followers that want to glorify him just blindly follow him. As you say, that does make him particularly dangerous since many use his words as their rationale to push false agendas. Again, the Bernie worshipers tend to really go nuts for Noam as well, and what I find particularly concerning is the high concentration of younger adults that seem swept up in the madness of crowds….

          • On July 14, 2017 at 10:24 am,
            Matthew says:

            I won’t give him the cover that calling him an idiot affords. He is much worse than an idiot because he knows exactly what he’s doing when he lies.

          • On July 14, 2017 at 10:30 am,
            Excelsior says:

            Yes. He knows exactly what he is doing and is a tool, but I honestly think he believes some of the BS. Sincerity is not a measure of truth though…. as some people can be sincerely wrong… (lol)

            Good thoughts sir and thanks for the video links.

        • On July 14, 2017 at 7:54 am,
          Bonzo Barzini says:

          Right arm, Matthew!

          • On July 14, 2017 at 7:58 am,
            Matthew says:

            Left leg!

      • On July 14, 2017 at 7:35 am,
        OOTB Jerry says:

        VW….trying to play good guy to the California libs after the emissions scam…. 🙂

        • On July 14, 2017 at 8:06 am,
          Wolfster says:

          Don’t remind me. I’m one of the suckers who bought in 2015 and financed it just before the you know what hit the fan. Basically I leased my car for 2 1/2 yrs as I walk away breaking even….. mind you I did 155K in those 2 1/2yrs

          • On July 14, 2017 at 8:52 am,
            OOTB Jerry says:

            155000 miles in 2 1/2 yrs…. that is a lot of miles,

        • On July 14, 2017 at 8:25 am,
          Excelsior says:

          Agreed OOTB, but most car companies are moving into EVs in a bigger way and they didn’t need a scandal to realize the cheese is moving….

          • On July 14, 2017 at 8:33 am,
            OOTB Jerry says:

            Those rats chasing that cheese are going to have a hard time becoming fat rats…. 😉

          • On July 14, 2017 at 8:40 am,
            Wolfster says:

            Well they all got caught in the end with their diesels just that vw was first so you haven’t really heard much about the others and their settlements

          • On July 14, 2017 at 8:44 am,
            Excelsior says:

            Haha! That may be true OOTB.

            Here’s who won’t starve though….. The FAT CATS (Politicians, Lobbyists, and business Cronies). If the Fat Cats are pushing EVs, Renewable Energy, and the build out of MegaBattery plants, then they don’t care what rats they eat along the way….

            I’m just considering the industries that are going to supply the materials or this latest adventure humanity is on. Sell em’ the picks and shovels….

          • On July 14, 2017 at 8:46 am,
            Excelsior says:

            A solid point Wolfster. More stories to come…….. within the Auto Industry.

            News at 11.

          • On July 14, 2017 at 8:49 am,
            OOTB Jerry says:

            Good point, and thanks for posting the info…good to have some other investment opportunities…

          • On July 14, 2017 at 9:06 am,
            Excelsior says:

            Thanks OOTB. There are a number of extractive Resource companies, and we cover Gold and Silver and Oil all the time. It is fun to occasionally review other sectors in the Commodities and Energy Sectors.

            Now……. Back to the ever-pressing question:

            What is gold’s price today????? And why……? (lol)

          • On July 14, 2017 at 9:38 am,
            OOTB Jerry says:

            Gold going back ,$1307…then down again…

          • On July 14, 2017 at 9:46 am,
            Excelsior says:


  14. On July 14, 2017 at 7:51 am,
    Matthew says:

    I’ll be surprised if the next intermediate term top for the loonie isn’t above 84:


  15. On July 14, 2017 at 7:53 am,
    spanky says:

    miners acting weak again relative to the metals. Lots of doji candles so far today. Wouldn’t be shock in the least if they close well off the opening price, which is bearish. The path of least resistance is clearly down.

    I just can’t see this type of consolidation resolving upwards (using AXU as an example). It just never happens in this godforsaken sector. I will be shocked if we break out upwards and sustain the breakout:


    • On July 14, 2017 at 8:04 am,
      Matthew says:

      That is true today. GDX is up a little more than twice as much as GLD and that is not great. Bulls and bears alike just need more evidence that this is more than a bounce or relief rally before they’ll act aggressively.

      As you’ve probably gathered, I do believe that this is not just a bounce but the beginning of a large move that will last many months.

      • On July 14, 2017 at 8:11 am,
        Matthew says:

        If I’m right, I can see GDX more than doubling and that means that many juniors will go 3-5x or more.


        • On July 14, 2017 at 8:25 am,
          spanky says:

          GDX is putting in an outside week up candle this week, so I’ll give it that.

        • On July 14, 2017 at 8:26 am,
          Bonzo Barzini says:

          Right on,Matthew, and happy Bastille Day to all!

  16. On July 14, 2017 at 8:31 am,
    Chartster says:

    I can’t tell if it starts today or next week, but PMs and conventional stocks are about to get taken to the woodshed.

    • On July 14, 2017 at 8:35 am,
      OOTB Jerry says:

      To the moon on Amazon….

        • On July 14, 2017 at 9:08 am,
          OOTB Jerry says:

          Chartster thanks for the article,

      • On July 14, 2017 at 9:02 am,
        OOTB Jerry says:

        See Spanky for details… 🙂

        • On July 14, 2017 at 9:06 am,
          spanky says:

          Never bet against the new fascist business model.
          AMZN is backstopped by the USD. They have a critical mass of human and financial capital and there is nothing to stand in their way of total global domination at this point. Like I said, in USD terms, it’s valuation is infinity.

          • On July 14, 2017 at 9:09 am,
            Excelsior says:
          • On July 14, 2017 at 9:10 am,
            OOTB Jerry says:

            Good point again….Fed certainly in control,for now

          • On July 14, 2017 at 9:11 am,
            Chartster says:

            VIXY is at 10. Do you really think it will go much lower?
            Looks like a mega bull trap to me.

          • On July 14, 2017 at 9:16 am,
            spanky says:

            VIXY can rise along with a skyrocketing stockmarket. Look what the VIX did between ’95-’00.

  17. On July 14, 2017 at 8:32 am,
    spanky says:

    Wow, is all I have to say. This is literally the narrowest the weekly bollinger bands have been on the charts (going back to 1983).


  18. On July 14, 2017 at 8:49 am,
    spanky says:

    If I didn’t have 3 kids I would have no problem living in a tiny house. My wife isn’t a minimalist though.

    Hell, if the miners get flushed here, I may have to move into my own tiny house made out of a refrigerator box.