David Erfle - Gold Market Commentary – Wed 16 May, 2018

Gold Below $1,300 – Should We Be Worried?

David Erfle and I spent some time at the show yesterday chatting and will be on a panel starting at 1pm focused on metals stocks. However I wanted to get his opinion on the fall in gold below $1,300 and lack of movement in the stocks. There are only a handful of metals stocks that are bucking the trend and moving higher but is it sustainable? We also look at some lower targets for gold.

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Featuring:
Dave ErfleCory Fleck
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Comments:
  1. On May 16, 2018 at 10:41 am,
    Matthew says:

    Should we be worried? Nope.

    • On May 16, 2018 at 2:09 pm,
      b says:

      Im not concerned, but thats because gold up or down doesnt change my lifestyle.

  2. On May 16, 2018 at 11:02 am,
    Markedtofuture says:

    What Really Happens in China’s ‘Re-education’ Camps

    What does it take to intern half a million members of one ethnic group in just a year? Enormous resources and elaborate organization, but the Chinese authorities aren’t stingy. Vast swathes of the Uighur population in China’s western region of Xinjiang — as well as Kazakhs, Kyrgyz and other ethnic minorities — are being detained to undergo what the state calls “transformation through education.” Many tens of thousands of them have been locked up in new thought-control camps with barbed wire, bombproof surfaces, reinforced doors and guard rooms.

    https://www.nytimes.com/2018/05/15/opinion/china-re-education-camps.html?

  3. On May 16, 2018 at 11:07 am,
    Markedtofuture says:

    Judge: Broward Elections Supervisor Unlawfully Destroyed Ballots In Wasserman Schultz Race

    The Broward County Supervisor of Elections Office violated state and federal laws by destroying ballots from a 2016 Congressional race too soon — and while the ballots were the subject of a lawsuit against the office, a judge has ruled.

    Based on that ruling, Florida’s Department of State will send election experts to the Broward elections office in the upcoming election “to ensure that all laws are followed,” the governor’s office said. It could also cost the elections office more than $200,000 to pay attorney’s fees for Tim Canova, the defeated candidate who sued the office.

    The decision stems from Canova’s bid to unseat Congresswoman Debbie Wasserman Schultz in the Democratic primary, a race he lost convincingly, at about 57 percent to 43 percent, or 28,809 votes to 21,907.

    http://www.informationliberation.com/?id=58399

  4. On May 16, 2018 at 11:59 am,
    Ebolan says:

    Cory, will you put up any of your presentations or panel discussions on this site or youtube?

    • On May 16, 2018 at 2:32 pm,
      C Fleck says:

      Hey Eddy, I will post the videos when Cambridge House gets them up. Not sure how long that will be…

      • On May 16, 2018 at 3:29 pm,
        Ebolan says:

        OK, thanks. Look forward to seeing them. Hope they are up soon.

  5. On May 16, 2018 at 2:22 pm,
    Ozibatla says:

    Gold below $1300! Im a little concerned, mainly because $1360 is inpenetrable and the low $1300s were acting as a good floor for a period. Unfortunately its business as usual until gold can hold the 1360 region. Even then, there is plenty of work to do ($1500 level would be a sure sign the bulls have won I believe).

  6. On May 16, 2018 at 3:00 pm,
    GH says:

    I still like the bigger picture in gold stocks, but decided to bail today.

    For the moment I see greener pastures in pot stocks.

  7. On May 16, 2018 at 3:12 pm,
    b says:

    canadian pot hasnt been the best lately.
    maybe its just the doldrums.

  8. On May 16, 2018 at 3:51 pm,
    OOTB Jerry says:

    JOKESter>>>>>>MUELLER……..can not indict a setting President………
    https://www.zerohedge.com/news/2018-05-16/mueller-says-he-wont-indict-trump-giuliani

    • On May 16, 2018 at 3:52 pm,
      OOTB Jerry says:

      “All they get to do is write a report,” said Giuliani.

      • On May 16, 2018 at 3:53 pm,
        OOTB Jerry says:

        Mueller knew it, and made a couple million in the process………….

        • On May 16, 2018 at 3:54 pm,
          OOTB Jerry says:

          Congress is a bunch of RETARDS>>>>>>>>>>take that to the bank…….. 🙂

          • On May 16, 2018 at 3:56 pm,
            OOTB Jerry says:

            Proverbs 12:22-24 New Life Version (NLV)
            22 The Lord hates lying lips, but those who speak the truth are His joy.

  9. On May 16, 2018 at 4:00 pm,
    OOTB Jerry says:

    Just when things were going smooth……..Lighting ..BOLTEN shoots off his big mouth…
    https://www.zerohedge.com/news/2018-05-16/north-korea-threatens-abandon-peace-summit-over-denuclearization-demands

    • On May 16, 2018 at 4:02 pm,
      OOTB Jerry says:

      National Security Advisor John Bolton’s comments from his appearance Sunday on CNN’s State of the Union, where he suggested that North Korea must “commit to denuclearization” to help it “become a normal nation.”

  10. On May 16, 2018 at 4:05 pm,
    OOTB Jerry says:

    “That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”

  11. On May 16, 2018 at 5:32 pm,
    JohnK says:

    We know the mess M McConnell and his buddies have done for us .21 Trillion plus interest.
    I would venture to say more of the same.
    I still can’t figure out why M McConnell’s wife doesn’t use her last name.
    Even Hillary still claims to be a Clinton.
    https://www.rollcall.com/news/politics/mcconnell-brother-in-law-trump-nominee

    • On May 16, 2018 at 5:38 pm,
      OOTB Jerry says:

      Because she like Yellen are con men and women……..NEOCONS…….

    • On May 16, 2018 at 5:40 pm,
      OOTB Jerry says:

      John, hope you saw my post …….under Chartster, yesterday……..

      • On May 16, 2018 at 5:42 pm,
        OOTB Jerry says:
        • On May 16, 2018 at 5:43 pm,
          OOTB Jerry says:

          This guy has some great take on current events…….JMO

      • On May 16, 2018 at 6:28 pm,
        JohnK says:

        I did Jerry and I was impressed with Pastor Lawson.
        He make things real simple.
        I’ve been reading, I just finished T he Churches and Usury. L Shields Rose Forgotten Books.
        Here’s a good one that reminds me of the 1%.
        And the idle and luxurious find life stagnate, for want of some desire to keep it in motion.

  12. On May 16, 2018 at 5:48 pm,
    OOTB Jerry says:

    Chicago Sucks ing sound…….and a pension plan that is out of control……Emanuel with us….lol
    https://www.zerohedge.com/news/2018-05-14/broke-illinois-pension-system-leaves-every-resident-11000-debt

    • On May 16, 2018 at 7:04 pm,
      Ebolan says:

      Gotta wonder why Mash Shedlock still lives in Illnoise…

  13. On May 16, 2018 at 6:36 pm,
    JohnK says:

    I hope the spankmeister shows up tomorrow and gives us an update on his pre-trans Bruce Jenner indicator.

  14. On May 16, 2018 at 9:15 pm,
    Buzz says:

    AKG doing well since the bottom around 45 cents USA

  15. On May 17, 2018 at 5:11 am,
    OOTB Jerry says:

    DANG………….Platinum……….$888……that is really low……….

  16. On May 17, 2018 at 5:19 am,
    OOTB Jerry says:
  17. On May 17, 2018 at 7:09 am,
    OOTB Jerry says:

    DOJ>>>>>>>DO YOUR JOB>>>>>>SOMEBODY NEEDS TO GO TO JAIL>>>>WELL, HOW about someone at WELLS FARGO……..too big to Jail……
    https://www.zerohedge.com/news/2018-05-17/wells-fargo-caught-altering-information-business-customers-documents

    • On May 17, 2018 at 7:12 am,
      OOTB Jerry says:

      No more fines……..without jail time……..Banks are just a big bunch of Mafia Crime Scammers……and the Govt loves collecting the fines….More like a Pimp.

      • On May 17, 2018 at 7:13 am,
        OOTB Jerry says:

        This is just way too sad for words…………wake up people…..

        • On May 17, 2018 at 7:45 am,
          JohnK says:

          Good ol Uncle Warren and his warm fuzzy stories about collecting pop bottles as a kid.

  18. On May 17, 2018 at 7:53 am,
    JohnK says:

    In 2007 the bonuses at Goldman Sachs paid out 12.1 Billion to roughly 30,000 employees.
    That translates into the salaries of 595,413 Private First Class pay for the year.

  19. On May 17, 2018 at 7:56 am,
    GH says:

    Uranium looking interesting again.

    U.TO daily

    http://schrts.co/w7KAQV