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Is Gold Poised To Breakout Or Disappoint Again?

Cory
July 20, 2017

If gold holds its gains today this would be 8 out of the last 9 days that gold is up. Still not breaking out and trading almost right in the middle of its range this year I chat with Craig Hemke regarding the potential of a more significant breakout. We also consider how the downtrend in the USD is supporting gold.

Click here to visit Craig’s site.

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Discussion
30 Comments
    CFS
    Jul 20, 2017 20:33 PM
    Jul 20, 2017 20:19 PM

    Gold is a safe investment ,no matter the opinion

    Jul 20, 2017 20:19 PM

    Look at the monthly and week $XJY:$gold ratio. Bollinger bands on the monthly charts are getting super tight.

    The correlation between gold and yen is either going to be breaking down very very soon or one is about to massively outperform the other for a sustained period. Also, it’s possible you get a headfake or shakeout out of these type of tight Bollinger bands, so there is really nothing you can trade on except some sort of option play perhaps.

    Couple that with the extreme low in $GVZ (gold volatility) and something very big is coming in the next year for certain.

    CFS
    Jul 20, 2017 20:30 PM
    Jul 20, 2017 20:38 PM

    Bitcoin up on OJ news….he is free.. 🙂

    Jul 20, 2017 20:49 PM

    “IS GOLD POISED TO BREAKOUT OR DISAPPOINT AGAIN?”

    You might want to ask Andrew Maguire and see what he thinks, lol!

    Hucksters trying to pump up excitement about gold and silver regaining $1250 or $16 respectively is akin to a landmine victim trying to stay positive that only 3 limbs were blown off.

    You have to realize at some point that these guys wills say anything in the present or future tense but NEVER revisit the numerous blown B.S. synthetic predictions from just recently or years past.

    And then there’s the fresh Maguire nonsense below that exposed what it’s all about. Prop each other up and keep on pretending and extending the timelines, ignore reality and keep trolling for fresh subscriber meat who have no clue about their abysmal track record.

    http://www.silverdoctors.com/silver/silver-news/i-can-vouch-for-andrew-m…

    Vouch?!? Lol!!!
    Turd’s world of self aggrandizement now believes he can offer an apologist excuse or vouch for Maguire…based on what?

    Seriously, what?
    Based on some fantasy scenario and his imagination or his sense of self preservation because the B.S. narrative is coming to an end and you’re sensing the crowd finally waking up to it and you? You’re too late.

    Weren’t you, Maguire and Max Keiser telling everyone last year that the gold market would collapse by end of 2016??? And how about the year before that etc.?
    How pathetic has this whole charade become?
    Lol, you want to talk about completely shooting yourself in the foot and going down with the entire clown ship that Maguire and his pumper buddies clearly represent at this point.

    Vouch? Lol!

      b
      Jul 20, 2017 20:35 PM

      lots of people think PMs are about ready to “blast off”

      Some have continued to believe we are still headed lower.

      50/50 chance, i find its a coin toss which way its headed most of the time.

      Jul 20, 2017 20:29 PM

      DPH: Your insecurity surfaces quite often.

      Jul 21, 2017 21:25 AM

      I like Andrew, but back on June 9th he was all about being a Bo with his famous watch out in 26. Yes Andrew, you gave the hyped news internet website KWN their scoop for the day —-mission accomplished! Sad, that you have adopted that Carnac the Magnificent mineset like your fellow pm mystics.
      You may still prove to be correct about a significant physical gold order to come, but you might want to consider laying your cards down after your called next time. F… Eric

    Jul 20, 2017 20:03 PM

    2000 pedophile priest not to be charged……….jdsmindset….pedoring well and fancy free

      Jul 20, 2017 20:04 PM

      look under Bill Holter article….it is a good one………

        b
        Jul 20, 2017 20:30 PM

        pedophile priests, not sure ive ever heard of one of them actually being charged, moved yes, but never charged.
        I guess everyones heard about pelle?(sp)
        the pedophilia in the catholic church is rampant, all the way up to the top.
        Thats been known for hundreds of years.
        anyone really care?

        Not a chance would I allow a child I was responsible for be alone with a priest.

      Jul 21, 2017 21:51 AM

      Jerry oh they will be charged someday. Maybe not on this Earth, but someday they will answer to a Higher authority !!!

    Jul 20, 2017 20:35 PM

    Valid points DPH. I think people have to be careful when such comments are too easily painted as pessimistic, frustrated, resentful, etc etc. Sometimes the truth hurts.

    Talk about the proverbial pinch of salt being taken with comments from certain characters (Maguire, Kaiser et al)who roam the net. Not trying to be argumentative, just calling it as I see it.

    I do have faith that PMs will have their time in the sun again. Just a question of when???

    Jul 20, 2017 20:57 PM

    Leaked Obama Plan To Fight Election-Day Meddling Included ‘Martial Law’

    “…’armed federal law enforcement agents’ who would be deployed to polling places if hackers managed to halt voting… and the deployment of ‘Active and Reserve’ military forces and members of the National Guard ‘upon a request from a federal agency’…”

    http://www.zerohedge.com/news/2017-07-20/time-reveals-obama-admins-plan-combat-election-day-cyberattack

    Jul 20, 2017 20:59 PM

    Here Are America’s Most Underfunded Corporate Pensions

    As it turns out our nation’s various governmental institutions aren’t the only ones to have unwittingly created massive ponzi schemes from which there is no escape.

    http://www.zerohedge.com/news/2017-07-20/here-are-americas-most-underfunded-corporate-pensions

    Jul 20, 2017 20:36 PM

    The gold miners have now back-tested broken support so tomorrow should be interesting. It would be nice if the bulls can push the miners higher to close the week. Volume will probably be elevated.

    http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=0&dy=18&id=p27389323780&a=528708013