Gold Above $1,300… Now What To Watch For

David Erfle joins me to look at the gold price now that it has been able to break the $1,300 level. We compare the moves in the juniors and the lack of volume. Also with the Fed speaking tomorrow it will be a key monthly close after what is sure to be a volatile day.

Click here to visit David’s site for more information on his newsletter.


Comments:
  1. On January 29, 2019 at 10:48 pm,
    CFS says:

    https://www.youtube.com/watch?v=aQIT-9-Hnd4

    Chris Martenson on USAWatchdog suggesting gold

    • On January 30, 2019 at 10:41 am,
      b says:

      Good post cfs.
      Not sure investors wanna bother with it tho.

  2. On January 29, 2019 at 11:28 pm,
    Excelsior says:

    Goldman Sachs’s Currie Is Bullish on Gold
    Bloomberg Markets -January 23rd, 2019

    “Jeffrey Currie, global head of commodities research at Goldman Sachs, discusses the price of gold and where it goes from here. He speaks on “Bloomberg Markets: Asia.”

    https://www.bloomberg.com/news/videos/2019-01-24/goldman-sachs-s-currie-is-bullish-on-gold-video

    • On January 29, 2019 at 11:30 pm,
      Excelsior says:

      Stuart Wallace tweet:

      “Goldman is not alone in its view on gold. On the left, combined holdings held in exchange-traded products, on the right, combined central bank holdings.”

      https://twitter.com/StuartLWallace/status/1090279884465807361

    • On January 29, 2019 at 11:38 pm,
      Excelsior says:

      A Major Silver Breakout Ahead?

      Gold South Africa / 20 hours ago – Hubert Moolman

      https://hubertmoolman.wordpress.com/2019/01/29/a-major-silver-breakout-ahead/

      • On January 29, 2019 at 11:41 pm,
        Excelsior says:

        Silver Shortage Promises to Boost Price in 2019

        By Marvin G Perez – January 28, 2019

        “Think of it as a potential silver lining for investors. A deepening shortage is promising to help boost prices as haven demand for the precious white metal rebounds in 2019.”

        “Silver surged 9.1 percent in December, its biggest monthly gain in almost two years. The commodity has benefited as a persistent trade war, weakening dollar and prospects of slower pace of U.S. rate increases drove haven demand for precious metals. The price outlook is improving at a time when demand for gold’s cheaper cousin is poised to top production for a seventh straight year.”

        “With miners avoiding new projects amid global economic uncertainty, the price could spike as high as $17.50 an ounce from about $15.87 now, according to a Bloomberg survey of 11 traders and analysts. About 26,000 tons of silver is expected to be produced this year, according to estimates by Robin Bhar, a London-based analyst at Societe Generale SA. That would be the least since 2013, and means global physical demand will again top output.”

        https://www.bloomberg.com/news/articles/2019-01-29/silver-use-beyond-jewelry-has-bulls-betting-on-shrinking-supply

        • On January 29, 2019 at 11:49 pm,
          Excelsior says:

          (AXU) (AXR) Alexco 2018 Reconnaissance Drilling Confirms Continuation of Bermingham Mineralization at Depth and Identifies an Offset Extension, Identifies New Gold Targets

          @newswire on January 21, 2019

          >> Bermingham NE and Bermingham deep/down dip

          – K-18-0711 intersected the Bear Vein in the Northeast Zone grading 1,453 grams per tonne (46.70 ounces per tonne silver over a true width of 2.0 m from 353.0 m including 4,470 g/t (143.71 oz/t) Ag over a true width of 0.60 m. The Bermingham Main Vein grading 418 g/t (13.43 oz/t) Ag over a true width of 2.82 m from 307.25 m was also intersected in this hole.

          – K-18-0706 drilled approximately 200 m down plunge from K-18-0711, intersected a 60 m wide altered and mineralized structural zone from 460 m, containing 1,675 g/t (53.85 oz/t) Ag over a true width of 0.33 m from 467.07 m and 309 g/t (9.93 oz/t) Ag over a true width of 1.01 m from 524.31 m.

          https://ceo.ca/@newswire/alexco-2018-reconnaissance-drilling-confirms-continuation

          • On January 29, 2019 at 11:52 pm,
            Excelsior says:
          • On January 29, 2019 at 11:54 pm,
            Excelsior says:

            The Alexco gold hit in the new “No Cash” zone was an eyebrow raiser at 76 g/t Gold:

            No Cash

            – K-18-0718 intersected 76.3 g/t gold (“Au”) and 105 g/t (3.37 oz/t) Ag over a true width of 1.51 m from 270 m.

    • On January 30, 2019 at 12:20 am,
      Excelsior says:

      Bitcoin Is No Safe Haven Like Gold – World Gold Council

      Jim Wyckoff – Tuesday January 29, 2019

      “In a head-to-head competition for the best safe haven asset, gold wins hands down against cryptocurrencies, according to the latest research from the World Gold Council.”

      “Adam Perlaky, researcher with the WGC, said in a report published Tuesday that looking at price action in the fourth quarter of last year there really is no substitute for gold.”

      “In Q4 2018, as global stock markets experienced their worst quarter since 2009, cryptocurrencies had a prime opportunity to demonstrate qualities associated with safe havens like gold,” Perlaky said in his report. “However, cryptocurrencies, such as bitcoin, behaved like risky assets and fell while gold rallied.”

      https://www.kitco.com/news/2019-01-29/Bitcoin-Is-No-Safe-Haven-Like-Gold-World-Gold-Council.html

  3. On January 29, 2019 at 11:56 pm,
    Excelsior says:

    Chris Berry – Demand For Energy Metals Will Only Keep Rising

    by @PalisadeRadio on January 29, 2019

    “We talked about spot price weakness for the Lithium market during 2018, the rise of Battery Grid Storage, and the increased demand for Cobalt and Vanadium.”

    https://ceo.ca/@palisaderadio/chris-berry-demand-for-energy-metals-will-only-keep-rising