They Yen has been leading the metals lower

May 11, 2017

The Yen is the worst performing currency (to the USD) over the past month and silver has been down 16 days in a row. All this means that we are getting to such an oversold condition that a bounce is due. Combined with the metals stocks up almost 7% in the past week, the bump should come sooner rather than later. Craig Hemke, Founder of TF Metals Report shares his thoughts on the factors mentioned above driving the markets.

Click here to visit Craig’s site.

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    May 11, 2017 11:47 PM

    turd is right up there with Gata as they have destroyed more pm investors with their BS always buy.never sell and its always manipulated well IPT last year went from .15 first buy signal to $1.28 just like so many silver miners FR from $4 to $24…yup manipulated…wow guess what $yen climbed from 80 to 100…I guess yen is manipulated as well…what a joke these clowns are

      May 11, 2017 11:07 PM

      Zero chance of $1200 gold? Lol!

      A classic crack pot rant and complete lack of foresight.
      “My 2 cents”

      And the folks who thought $1050 or lower gold was possible were in Turds own words, “a$$wipes”?

      What does that make the person who thought $1200 or $1050 had/has zero chance?
      A punchline.

        May 12, 2017 12:29 AM

        DPH……the only thing I can say……is that in 2012,
        No one could believe the central banks would expand their balance sheet to $4 trillion , and go into some thing unknown as QE,
        No one in their right mind, would ever expect “0” percent or negative interest rates.
        No one knew the CFTC was as corrupt as it is and was.
        No one knew that 134 gurus were wrong …….and would be wrong
        No one knew there were so many con artist in the mining business.
        Just a Friday rant………..and certainly …………..jmho

          May 12, 2017 12:14 AM

          your 100% right Jerry and all those that followed the opinions of the pm experts lost a lot of money but if you held your positions based off the $yen chart you were protected from the self proclaimed experts…thats a FACT

            May 12, 2017 12:22 AM

            j……..the nice thing about losing money, it teaches you a lesson or should… 🙂

            May 12, 2017 12:29 AM

            We just have to understand the controllers and the players……..jmo

            May 12, 2017 12:31 AM

            Why not just hold your positions based on the gold chart? It’s the same as the yen chart.

            May 12, 2017 12:39 AM

            as you should know Matthew there are times when $yen leads the trend changes and times when the mining stocks lead and again when $tnx leads depending on central bank policy action or US economic data like today as tnx rolls over off weak data sending in yen and gold buyers. This time off recent lows the miners lead. Gold is currency and those trading $yen place both trades at once…nobody should be long when chart indicators are showing weakness on the as the tnx will be showing strength

            May 12, 2017 12:52 AM

            My point is that the charts are so close that following the gold chart is enough. In other words, when we get things wrong in this sector, we can’t claim that the yen chart would have saved us. For example, before the crash of 2013, the weekly gold chart gave us every reason to be cautious but virtually none of us were. That was a good lesson that I am glad I had.

            Regarding your assertion that no one should be long when the indicators are weak, I disagree, but that doesn’t make you wrong. I always like to buy weakness and prefer extreme weakness.

            May 12, 2017 12:01 AM

            perhaps a bad example but weakness can go on forever as those that learn the hard way trading off an RSI indicator as they sell with first sjgns of being overbought or buy when oversold only to watch the price continue higher or lower for many more % points. I buy when confirmation of a new trend is taking place and often $ yen is the go to

            May 12, 2017 12:12 AM

            great comments from both you guys…………

            May 12, 2017 12:23 AM

            Before any of the plunges of early 2013, the weekly MACD was below zero and on a sell signal. Today, it is above zero and remains on a buy signal:


            May 12, 2017 12:46 AM

            There are many, many clues that one can dig up to help figure out the odds but that’s not for everyone. So buying and selling based only on trend lines or stochastics, etc., can be the way to go for some.

            And let’s not forget cycles and “boots on the ground” fundamentals. I increased my IPT position by almost 7-fold in 2015 and bought a ton of USA into its 5.5 cent low based on the conviction that the bear market was ending and that those companies, therefore, represented fantastic values. USA had plenty of debt and was losing almost $5 million per quarter at the time so I had to be right about silver going higher soon. IPT was low risk by comparison but was just about out of cash.

            I don’t know if I mentioned it to anyone other than Excelsior, but I had 60% of my mining funds in IPT, USA, and AXU when the bear market bottomed. To some, that’s a nutty thing to do but I couldn’t NOT do it. Those turned out to be the only three in a portfolio of 12 – 18 that went ten-bagger.

            My point is that there can be a lot more to speculation than charts if one doesn’t mind the extra work.

            May 12, 2017 12:10 AM

            charts are the only way to invest in the markets as expert opinions mean dick as how many have been calling for a US equity collapse for years yet using a 20dma on the Naz100 chart keeps me making money. capital flows vs BS

            May 12, 2017 12:16 AM

            I wouldn’t want to be without my charts but the way that successful investors use them varies dramatically. The best approach for you is not the best approach for everyone.

            May 12, 2017 12:31 AM

            if any stock climbs 25% and your charts indicators capture 20% of that swing whatever your using is working and when that stock falls 25% and your on the sidelines protected by your chart indicators its working…if not your using the wrong sma or indicators and every chart is different…far better than following the fear monger experts follow those that create the charts as their action creates the trends not opinions

            May 12, 2017 12:42 AM

            When dealing with large positions in tiny and relatively illiquid juniors, it would be very difficult, if not impossible, to capture most of a move with your entire position by buying the same strength that everyone else is looking for.

            I agree about the fear mongers.

    May 11, 2017 11:50 PM

    j: We will continue to seek out your expertise with bicycle repair. Thanks for your input.

    May 11, 2017 11:51 PM

    How’s that that whole US Dollar collapse B.S. working out for you these days Turd? Lol!
    The dollar is king until it isn’t and is so resilient at this point that the Trump administration is having a difficult time trying to talk it down with blatant rhetoric aimed at trying to do just that without much success.
    It’s all about capital flows and safe havens among big, smart money. The dollar haters can weirdlt detest it all they want but in the end they’ll be wrong and still waiting for a collapse to happen decades from now.

    But if past is prolouge then the manufactured analysis and Nostradumbass predictions from 2016 seem (ir)relevant in 2017 by those who insist they’ve been right all along.

    Right about what?!?!

    Was Turd close to reality or was it another pump-n-flush like this year so far? Did this prediction come even close to reality?

    What was the rational basis that led to these assertions in 2016? How was the possible presidential election outcomes
    and the effect on capital flows not even taken into consideration???

    ~2016 prediction review~

    “A Timeline For The Next Rally In Gold”

    “So, summing up, what should we expect going forward:

    Further choppy to downward price action into late next week. It’s still possible that gold could trade as low as $1285 and back near its 50-day moving average before bottoming. This area has proven as support all year.

    A renewed rally in August back to near, but likely not exceeding much, the highs of late June and early July. Something between $1370 and $1390. Talk will begin to spread that gold has seen a “double top”.

    Another tumble in mid-late September as the next front and delivery month (October) comes off the board, However, October is never a big volume or big “delivery” month. Instead, most of the action after August typically shifts into the December contract.

    “Therefore, following the 2016 pattern, any dropoff in September should be more shallow than what we’re seeing at present.

    Then, finally, a breakout to new 2016 highs in October and November.”

    “This year-end rally should take gold all the way back to near the April 2013 manipulated breakdown level of $1525.
    Let’s call it $1475-$1525.”

    “So there you go. That’s what we expect. If I’m proven correct, I’ll gladly take all the adulation that comes this way.
    If we’re wrong…well, I’m not eating my hat again. That almost killed me last time.”


    Just remember….
    “…you deserved your losses.”
    Nice guy.

    May 11, 2017 11:52 PM

    Danielle DiMartino Booth recent Boom/Bust interview:

    May 11, 2017 11:05 PM

    A hush-hush meeting between officials of the US Department of Homeland Security, three major US airlines and a trade group is the surest sign yet that a carry-on ban on some electronic devices for European flights to US is imminent, according to a report.
    Representatives of American Airlines Group Inc, Delta Air Lines Inc and United Airlines Inc all met confidentially with officials from DHS and Airlines for America, a trade group, on Thursday afternoon, Reuters reported, to review a likely expansion of US policy to ban electronic devices larger than cell phones from being on board certain foreign arrivals.

    May 11, 2017 11:19 PM

    hunter’s weekly wrap:

    May 12, 2017 12:21 AM

    Gold and Silver Manipulation explained:

    May 12, 2017 12:38 AM
    May 12, 2017 12:45 AM

    Silver going up…….looks like wash and rinse cycle starts again……going back to $19 or better would be my guess. My guess is based on that $18 will not be enough to bring in the extra suckers………oh, Gold looks fine go me………………….jmho
    2nd. Rant of the Day………….everyone have a great weekend and do not forget YOUR MOTHER.

    May 12, 2017 12:51 AM

    Speaking of CON MEN……
    GOLDMAN SAKERS……talking up Apple……..

      May 12, 2017 12:55 AM

      New I phone to cost $1000……that is more than a used car. Take about DEBT PHONE BUBBLE….

    May 12, 2017 12:57 AM

    OWL COINLAND REPORT.. Coins of the Week………………..

    Silver coin: One thin dime .. less than an oz….1948 MS67 Full Torch…..$340

    Gold coin: Less than an oz…………1910 2.5 MS64….was $2300 now $2800 up 21.73%

    May 12, 2017 12:10 AM

    Epstein morning flash

    May 12, 2017 12:41 AM

    silverdoctors weekly wrap

    May 13, 2017 13:09 AM

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