Gold Market Drivers – Emerging Market Demand and Real Interest Rates
The CEO and President of Skeena Resources, Walter Coles just got back from a trip to the east coast where we chatted with a wide range of investors. He shares the main questions he faced focused on the gold market and the major drivers to watch for moving forward. In terms of Skeena Resources we also discuss the recent drill high grade drill results released and the upcoming exploration drilling.
Click download link to listen on this device: Download Show
Click here to visit the Skeena Resources website for more information.
The above statement is concerning the market for gold and the little brother silver,( which I still believe is totally controlled)……jmo
TOTALLY
The petro yuan/ gold trade note in 6 weeks will mark an exogenous event that some see and very few are paying attention to
thanks for the comment, …..I think you have a very valid point….
You can see the action in gold , on the overnight activity and support while LBMA and Comex is asleep……
Here comes SWIFTY>>>>>>>>>
The problem is what happens to the budget deficit. We just went through the government shutdown and a package that lays things out for the next two years, but it widens the deficit. The deficit is beyond control. We have $100 trillion in unfunded liabilities. That means you need $100 trillion in hand right now to cover the federal obligations going forward. . . . Printing money to meet obligations is what happened in the Weimar Republic in Germany. This happened in Zimbabwe. This kind of
Banks no longer trust each other…….. see…overnight lending rate……per John.
interesting AZ, CO..state going for the cryptos………
https://www.zerohedge.com/news/2018-02-14/arizona-colorado-wyoming-push-legislation-supporting-cryptocurrency
Dollar going to have more trouble……the fiat currency wars at home and abroad….
Gold looks a lot better than most expected:
http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=3&mn=0&dy=22&id=p27594740057&a=577633904
Sell Dow, buy silver stocks:
http://stockcharts.com/h-sc/ui?s=SILJ%3ADIA&p=D&yr=1&mn=1&dy=0&id=p81272087415&a=577251012
This action is confirming my bullishness following the December low. The recent very steep pullback appears to have been a retest of that low and a very nice shakeout.
Team shorty pants can’t be feeling very good today…
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p83560629441&a=553294154
Some support/resistance levels for the gold miners (GDM):
http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=2&dy=13&id=p50779567533&a=504250724
This is good stuff indeed:
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=13&id=p64641643732&a=569622901
This shows the significance of last week’s/Friday’s close for GDXJ:GLD…
http://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=1&mn=2&dy=0&id=p72703532472&a=513288825
thanks…….as always…………
Gold Poised For Breakout After Powerful Upside Reversal
by @Goldfinger on February 14, 2018
“Sell stops were triggered in gold futures after a much hotter than expected January CPI print. However, gold proceeded to reverse sharply higher and squeeze shorts:”
https://ceo.ca/@goldfinger/gold-poised-for-breakout-after-powerful-upside-reversal
Nice chart……thanks……
Read about your day and all I can say Ex is have Happy Valentines Day 🤞🙏😂
haha! Yes, at one point I was hobbling around this morning after getting little sleep, from muscle twitching and cold chills, and coughing and puking, and when the tow truck showed up to haul off the Lexus that had an engine fire and died in our driveway, I looked at my lady and said – well…… Happy Valentines Day. (we both burst into laughter).
The dealership is getting us a replacement, and luckily I’m in no shape to go fight the busy restaurant crowds tonight, so that’s a plus. 🙂
Ever Upward!
EX:
Other than that Mrs. Lincoln, how was the play?
You bought a Lexus and it burned up on ya.
My kids buy expensive vehicles too.
I refuse, my first trade was mechanics and I know they ALL break down, I hate cars. lol
Feel better EX.
Bob, the other day you were sayin you wonder what the plans are for the U.S.
Communism by the back door——u tube
You might find that interesting if you havnt seen it.
b…is correct…..they ALL break down……bar none…..
Thanks for the thoughts and insights guys.
Yes, cars like people and like all existence from the galactic to the microscopic eventually breaks down. Entropy affects us all.
Honestly I’m more worried about keeping my body from breaking down than the vehicles, but such is life….
Your body will last longer if you’re not sitting in your car all the time. Plunk I’m in my car, plunk I’m at home in my sofa, plunk I’m at the casino. Plunk I’ve got office butt. LOL! DT
Excelsior, I don’t have much to share on stocks. But I know Dr Robbins has a very program for maintaining good health. https://twitter.com/DrRobbins
And a book by a Japanese, Dr Shinya, The Enzymes Factors
DT – yes we must avoid the plunk affect for sure.
Terry – thank you for that recommendation on Dr Robbins and Dr Shinya. I’m actually a big fan of supplementing with enzymes (as many get cooked out of our foods or are lacking in the modern diet), and probiotics, and a take number of plant-based herbs, minerals, and supplements each day.
The problem was I’ve been working very long hours, not getting more than 3-4 hours of sleep for days on end, and minimal exercise, and it weakened my immune system to being vulnerable when I was out mixing with the crowded rooms.
I’m on healing path now and getting lots of rest and working on reducing stress to let my immune system get back on top of things. It’s been a rough last 5 days though.
Thanks so much.
What is an “upside reversal”?, sounds like a fighter pilots maneuver.
were hitting 1348 about, yesterday Bob said down we go, mat was, hmmm there is this 1250 thingy.
Now we get an “upside reversal”..sometimes I get a giggle, I have not sold my recently acquired close to the bottom of a quick tanking svm the other day, maybe I should be listening to Bob.
Naaaa, Ill gamble. lol
So honust, whats an “upside reversal?” I havnt a clue. (too easy Mat save the dig)
I just pointed out that 1250 “thingy” to show the POTENTIAL downside of a head and shoulders top IF IF IF it materialized. Notice that I ended that post with this: “I confess, I do not think it will get there.”
I do recall, and understood exactly what you were gittin at.
But how is this stuff your showin explaining what an upside reversal is?
Is it a time when charts look like the price could drop and it goes up instead?
And thats simply what the position is called?
Or this:
Thx Mathew,
not that I would be able to recognize any of them, but I do get the idea.
thx
On the day that the miners bottomed,I said that they probably bottomed:
On February 9, 2018 at 8:43 pm,
b says:
Siver corp? You gotta be kidding..
lol.
I got bored and picked some up today when it took the dip.
Reply to this comment
On February 9, 2018 at 10:18 pm,
Matthew says:
Well your timing was probably perfect. Based on today’s action, there’s a very good chance that the silver stocks in general have bottomed.
I see that your SVM is up over 20% since then (3 days ago).
Hey I got in on some of that SVM as well, so people are going to have to share nicely.
🙂
USA is moving as well!
DT – Yes USA / USAS has actually held up way better than most silver companies and has been on the move again.
On Saturday, I posted the following chart that compares last week’s shakeout to the one that preceded the huge moves of 2016…
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=0&dy=9&id=p14940025933&a=576891465
i think, once we clear up the 1355 area, its not gonna be long till we get to 1395 area, well, unless Hudas tells everyone where the yamashito gold is or bix points out the grand canyon stuff or they find the underground city in the gobi, other wise, it looks like we going to about 1400.
Bix …..must be drinking something beside coffee in the morning….
Still have not figured out Karen……
Who the heck can?
It could be true that there is more gold around than we can imagine, but what dif would it make?
b – to my understanding and Upside Reversal is the same thing as an “Impulse Leg” upwards where the pattern bottoms and then rockets higher taking out the prior recent peaks, which Gold clearly did on the short-term chart Goldfinger was referencing.
Of course, medium term, the real peak that we need to watch is if/when Gold can finally close above the 2016 breakout high of $1377.50. For the purposes of the chart Goldfinger posted though, that was a clear upside reversal to a new higher point.
https://ceo.ca/@goldfinger/gold-poised-for-breakout-after-powerful-upside-reversal
Gold may finally break 1400 and GDX above the 25 area.
That would be a real shot in the arm for the whole sector Paul L. Fingers crossed 🙂
NICE POP…..today…..gold up $17….
Dollar down…..
Just info…..will have some thinking……
https://www.zerohedge.com/news/2018-02-14/currency-shouldnt-be-volatile
Size-wise, it’s a pop, but from a technical standpoint, I think it is likely much more important than size alone suggests.
Ditto
Time of the pop……I mentioned early this morning, it looked like the WORM HAS CHANGE, jmo
D….for got the d…..got to excited……Must be V D..ay
GDXJ line chart (based on weekly closes):
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=7&mn=3&dy=0&id=p59558232373&a=535081189
Before you guys get too excited about the jump in PMs, you should look at Shanghai.
Also
https://mcalvanyweeklycommentary.com/?powerpress_pinw=6500-podcast
even a day late makes a difference.
Catch a major turn, and you will be fine………….Shanghai….is positive gold and has been, so, what is the big difference.
comments on gold start at 12 min mark, world wide, including US….
day late and a dollar short……
comments on gold continue at 48 min mark…..
Price of gold is $20 less than US,
Dubai $15 less.
The jump in PMs is London and US only !!!???!!!
Good…….London is in control of the price here…..
Dubai……running for the hills…….oil prices to consider I think….
Stick with the charts. They reflect all known info.
I would have to agree…….
Some knowledge is useful as a reproof, for the Doubting Thomas(s) … 🙂
I wonder if the price in London is a tad higher than Dubai and Shaghi as it might be harder to get phyzz in the west.
It has been being shipped east for a long while now.
Maybe the east has what they need today.
Probly nothing, was just a thought.
interest……thought
ing…..forgot the ending
Dollar coming down a bit today, Russia announced they are ready to drop the swift system, no more need for dollars, think its connected?
All things are connected….concerning the Bully Dollar……and the Central Banks….
Anybody notice that GDX has the biggest daily today rise since mid March? Main difference is today’s rise is on much lower volume. Maybe we make up with that tomorrow!
That’s becaus Wall Street had forgotten how to spell gold/silver
interesting……thought
How to Profit from the Recent Crypto Carnage
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The FOMO is Strong: Litecoin Breakout
We have pounded the table on Litecoin on a few occasions during the last three weeks and tonight a bonafide breakout is underway:
http://321ethereum.com/the-fomo-is-strong-litecoin-breakout/
From Guysborough Journal Feb 14, 2018
Gold mining
Encouraging results from Anaconda’s test drilling at Goldboro
By Helen Murphy
GUYSBOROUGH – Anaconda Mining has received more good news from test drilling at its Goldboro property, where it hopes to establish a gold mining operation.
The latest drill hole results shows resource lines extend further down than previous thought. The company announced the assay results for the first five holes of its ongoing 6,000-metre diamond drilling program at Goldboro on Feb. 7, 2018.
One drill hole in particular “demonstrated that we can grow the deposit,” Dustin Angelo, president of Anaconda Mining, told The Journal Monday. And that will contribute positively to the company’s upcoming feasibility study for its Goldboro project.
“We are very pleased with the results,” he said. “They’re very similar to historical results.”
Angelo said Anaconda will continue with test drilling over the coming year, while also undertaking the feasibility study. Next steps also include permitting and getting a “bulk sample” from the site.
“One of the key wild cards for us is the permitting process,” said Angelo. “To some extent it is out of our control. Positive or negative it will impact our goal of getting into production in the time frame we want to.”
Environmental permitting may involve going through both provincial and federal processes, he said.
Angelo said keeping the community up-to-date on the company’s progress remains a priority.
“To date we’ve had a lot of really good community support and we will continue to do our part to keep everyone informed.”
Anaconda currently operates the Point Rousse gold mine project in the Baie Verte Mining District of Newfoundland and Labrador.
Thanks Mickey Mantle. that passage from the article was a nice update on ANX.
The worm has turned…………JMO