A positive way to look at gold’s breakdown
John Rubino, Founder of the Dollar Collapse website joins me to share his thoughts on the breakdown in gold to end last week. Big picture John is not concerned for gold however I do balance out some of his comments on buying gold without going all in on just one asset.
Goldman Sachs has shown itself to be one of the criminal silver price manipulation conspirators!
Jeff Currie of Goldman has now made “false and misleading statements” as an Authorized Participant in iShares SLV.
WHERE IS THE SEC?!
Now Goldman is raiding the SLV Inventories as they scramble for 1,000 oz. silver bars FOR DELIVERY ON THE COMEX!!
Per Bix…….
Hello Bix….the SEC…lol part of the jokers in charge….
Jerry, since you are The Gatekeeper at Hellas Gate, when it is time Frank The Boot can kick all the sinners into the fiery furnaces. DT
That be one of those CAST IRON ones….. Cast your cares away…. 🙂
Goldman SESSPOOL, THANKS TO lord lucifer lloyd blankfein
CFTC name change to ETFTC – Enable The Fix To Continue
We use to think it was just JPM……now they have spread the joy…. lol
New Terms………………YCC………..Yield Curve Control……..
next plan of the Fed…..for the 10 yr. and the 30 yr…..Bond..
Until the miners blast off, not just perform well, we should be prepared for gold to make another run at a new low. If that happens, I think it will be next week or later and only result in a slightly lower low complete with bullish divergences.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p89379323070&a=881251217
That $1704 pre-covid peak is an interesting support level to consider Matthew.
Thanks for sharing the chart.
It also tested the same Fibonacci fan support that held in March…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=5&dy=0&id=p46454265956&a=640032776
In addition, the COT readings haven’t looked so bullish since June even though the latest report doesn’t include the last $100 decline. That’s worthy of at least three of these: !!!
The next report on Friday should be fantastic.
Nice!!!
Does any one know if Chris Temple is coming back.?
I have been reaching out to Chris and hopefully I can get him back on the show shortly.
Barrick thoroughly tested big channel support for the first time since March:
https://stockcharts.com/h-sc/ui?s=GOLD&p=W&yr=5&mn=0&dy=0&id=p52682400461&a=638198513
Barrick vs gold looks pretty great:
https://stockcharts.com/h-sc/ui?s=GOLD%3A%24GOLD&p=D&yr=1&mn=6&dy=0&id=p68630583189&a=908823390
Silver:Gold bull hammer but at resistance and oscillators are mixed/iffy…
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=0&mn=11&dy=0&id=p88842761218&a=770101950
Gold update!
As mentioned before we are breaking below that $1700 to make new lows.. The pattern I have is nearly precise and following all the tees! I expect a gap down in miners at the open and a big lower down day in “ most” miners.. get ready to buy. Smash smash smash is what I said I tomorrow. Big red hourly and daily candles targeting with no doubt that $1670-$1694 region
It looks very good for a $1689-93 spot. We are dam close ladies and gentlemen..
Cheer
Glen
Glen, I know You mean well but I am worried that the satanists are going for a kill this time and that they might keep gold depressed for a couple of months. I believe Doc has written of similar scenario. Thus, I highly doubt we Will see an explosive move up any time soon.
Norrareal 1968…………Yes the satanist are in full force at this moment…….
Operation Twist to begin and YCC Yield Curve Control is something to consider.
The game keeps changing., ….some old rules simply do not apply here, if, like we ever knew what rules to go by….. LOL.
Norrareal,
This has been baked in for sometime.. It’s nothing more then a complete wash and they are like Gary said getting rid of every last bull that is emotional. The low is very near and the divergence as Matt suggested is as well. From time perspective this is the second kk fest correction I have seen and it’s nearing its last breath. These days are for buying I can’t express that enough.
Tomorrow should be another strong down day with gaps. If this happens, I’m putting a very high percentage chance of gold moves I to that price zone I said overnight or tomorrow with the gaps down, there is no question that the bottom can possibly be in. To tule that out would be very foolish IMO at least put some eggs down lol.
Cheers
Glen
Most people won’t buy fear and sell optimism.
Matthew, my stack and my shares are still with me and are not leaving me any time soon. I am just looking for the right opportunity in the next few months to sell half a kilo gold to complete a small real estate projekt that I will be selling
Matt,
I use to be one of them 14 years ago and not right after the 2012 crash did I change that mindset. It is without a doubt something extremely difficult to do yet so rewarding. If you can break that mentality like you say buy the fear it really holds well 🙂
Cheers my friend
Let us know if and when we do hit a target your thoughts on a volume. I dkike to hear from you as soon as you see powerful volume suggesting it could be it today tomorrow next week. Just give us a super fast holla lol
Glen, I wouldn’t be surprised if we just saw the low at 1699.65 and the evidence is mounting.
Hi Glen
I am not saying tha bottom is not close. All I am saying is that I doubt there Will be an explosive move up from these levels shortly. I am afraid that Doc Will be right this time and the satanists Will keep gold depressed for a couple more months.
If this is the bottom before our eyes, you won’t get better prices down the road as doc suggest.. It won’t be an explosive up but from a monthly perspective we will have munitions months up, which means whatever you bet down today or tomorrow can possibly in 3/4 months time double if not triple your investment that is an impressive move in my book before a pause and continued up presser.
All the best norra
Cheers………Glen……….thanks for the daily……….
You are welcome wanker.
I looked back last week for a patter on miners:
Last Mon: Down
Tues: Up
Wed: Down
Thurs: Up
Fri: Down
This Mon: Down
Tues: Up
Wed: Down
Thurs: ?
The recorder must be stuck…… LOL……what a world…..
JPM has my account on a dart board in the Trading Room. Snort…throw a dart…do a trade…(rinse and repeat)…
The above goes back to the alternating days of stocks. This has been going on for six months or more. Example: yesterday Novo one of my best performers. Today starts out the worst. My stocks are weighted as I have the second most dollar amount in Novo. But,generally I add dollars to those that get better drill reports, etc. It appears for my account that the more “visible” or popular a miner becomes it possibly has more algo attention in the alternating day process.
Thanks Jerry! It seems when I was completely bearish everyone was bullish and now that I’m getting a tickle in my finger for the bullish scenario most people are calling for Armageddon.. This smells like bottoms to me with blood bath phase happening before our eyes. Just food for thought.
GLen,…….always good thoughts……
Long term bull , and the bastards are not getting my gold for cheap…. 🙂
Banks are going to be eating a lot of real estate, commercial wise, soon…….
Not a chance jerry and they ain’t fleecing my shares 💃🥇🥁
🙂
GOLD PRICE IN 2009……..at the start of the Obama Admin., may as well say O’Biden now,
$800 range…….THEN.
Now…….$1700……..humm…..like duh
I talked about this the other day…….now zerohedge talking about it…… lol
YCC………..
https://www.zerohedge.com/markets/5y-breakevens-surge-250-highest-2008
Bottom line: traders have become extremely jittery when it comes to rising prices and any incremental print that suggests reflation is here to stay will push yields ever higher until the Fed does something, with the most likely outcome some sort of Yield Curve Control needing to be launched.
So what? Others talked about it before you.
BIx Weir……….
SILVER ALERT! Goldman Raids SLV’s 1,000oz Bars for COMEX Silver Delivery! (Bix Weir)