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What’s it going to take for the Safe Haven bid to pick up steam?

Cory
November 9, 2017

Craig Hemke, Founder and Editor of TFMetalsReport.com joins me to look at the idea of a safe haven bid for the markets. We look at the moves in US markets today as well as the further flattening of the yield curve (check out the FRED chart below of the 10/2 spread). Investors seem not to worry about either of these factors today and continue to play the buy the dip game. Hard to expect that to change unless we see a continuation of the moves down.

Click here to visit Craig’s website for more metals focused commentary.

 

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Discussion
103 Comments
    Nov 09, 2017 09:36 PM
    Nov 09, 2017 09:35 PM
      Nov 09, 2017 09:38 PM

      They will not have to worry about not singing the National Anthem to the crowd…..because there will not be a crowd…..Sorry ass American trash……

      Nov 09, 2017 09:39 PM

      I will Jerry.
      As long as you are pre-occupied with “Democrats and Republicans” you will continue to let the deep state continue with business as usual. Surely Jerry you must be able to see this.
      But then again……………………………………..

        Nov 09, 2017 09:44 PM

        Zero Hedge is part of the “Media Machine”
        Keep believing them and re-posting their B.S

          Nov 09, 2017 09:59 PM

          Thanks for the heads up….. 🙂

        Nov 09, 2017 09:54 PM

        Hello John……..
        I am not really “pre-occupied” with Dems or Repubs, ……I have been posting the two headed snake for over 10 yrs……I think I am well ahead of the pack….concerning politics.

          Nov 09, 2017 09:01 PM

          You miss the point Jerry.
          The news that never makes it to Zero Hedge is the Hijacking of the U.S by the Israel Lobby and the DEEP STATE.
          Until you start focusing on this,you are just contributing to the PSY-OP.
          The Politicains are afraid for their lives.

            Nov 09, 2017 09:05 PM

            Ok,…..got ya…….., the politicians should be worried…..MICC……..people are waking up…….Military Industrial Congressional Complex…..

      Nov 09, 2017 09:52 PM

      Keeping your eyes off what is really happening to the U.S,because they are part of the Cabal to bring about the demise.Don’t kid yourself.

      Nov 09, 2017 09:01 PM

      I kind of miss Steam Boat Willie……in black and white…….. 🙂

        Nov 09, 2017 09:06 PM

        Here is a video Jerry.
        It is an hour and forty five minutes long explaining the Las Vegas event.
        Zero Hedge will never tell you this.
        The Vegas Massacre Motive Exposed. Follow the Money.
        https://www.youtube.com/watch?v=82mRuhwJirE

          Nov 09, 2017 09:10 PM

          I always wondered how they got Tom Daschle to shut up.Turns out his wife is a lobbyist for the Chertoff Group.
          I don’t think the guy who did this video even made the connection.

            Nov 09, 2017 09:11 PM

            Pat attention to Heather Murren and the Las Vegas Review.
            Connect the dots.

            Nov 09, 2017 09:14 PM

            pay

            Nov 09, 2017 09:22 PM

            This is another one of those videos that can provide an aha moment.

            Nov 09, 2017 09:05 PM

            This should get some trump fans a surprise………..

            Nov 09, 2017 09:33 PM

            Jerry:
            Whats your take on the Chertoff Group?

            Ron Paul and Jason Chavez both introduced bills against the Rapid Scanner.Hmmmm…….
            Called 9/11 an Act of War instead of a crime scene, so there was not an investigation for 444 days. Hmmmmm………..
            Michael Chertoff’s cousin was the one who wrote the articles in Popular Mechanics labeling the 9/11 truthers as conspiracy theorists.

            Nov 10, 2017 10:26 AM

            Chertoff Group……….
            Looks like a bunch of take over artist, with a lot of self interest. Using the US political scene as their piggy bank. Now I see what you are referring to. I missed this organization as to how they were working and controlling the narrative, but clearly see that we are in deeper trouble than originally thought.

            GH
            Nov 10, 2017 10:03 AM

            I remember Chertoff from late 2010 when the airport porno scanners were announced to massive American disinterest.

            “What? You want to porno scan my wife and daughter? By all means! Anything to feel safe!”

            My understanding is Chertoff is a Talmudic Zionists.

            He’s clearly part of the Jewish mafia screwing over the US.

            GH
            Nov 10, 2017 10:04 AM

            Correction:

            make that “screwing over the entire world.”

            GH
            Nov 10, 2017 10:05 AM

            Is there any group more racist and supremacist than Talmudists?

          Nov 09, 2017 09:36 PM

          Thanks John……I am about half way thru…..will be back after completion…….

            Nov 09, 2017 09:24 PM

            On November 5, 2017 at 8:10 pm,
            JohnK says:
            President Trump and his former attorney Roy Cohn: What are the implications?
            Either President Trump did know about Cohn’s disgusting CIA-paedo-satanic-cult activities and Cohn’s FBI connections. Or he didn’t know. If President Trump did know then:
            President Trump could be part of a CIA-FBI plot(or plot of a rogue faction within) to control the White House.
            Perhaps President Trump was compromised at one of Cohn’s parties at Studio 54 and is being blackmailed.If President Trump didn’t know,then President Trump is naive,ignorant greedy and selfish,which does not bode well,but explains why he wants to beef up an already beefed up US Military(which he thinks is weak) and place it at the disposal of Israel to bully Iran and the Palestinians and hire it out to Saudi Arabia,when it was Israel and Saudi Arabia that attacked New York on 9/11. We have to ask:
            1. Why did Alan Greenspan save President Trump from personal bankruptcy and bail him out 25 years ago? And what did Greenspan get in return?
            2. Why are not the mainstream media, who are allegedly against President Trump not slaughtering him on his deep and influential friendship with Cohn who organized child sex parties for a CIA satanic cult?
            3. Why did the infowhores not cover this?
            Taken from Veterans Today.
            Reply to this comment

            Nov 09, 2017 09:34 PM

            I have maintained all along that President Trump was compromised.
            This could get really ugly.

            Nov 09, 2017 09:07 PM

            Good question……1. Why did Alan Greenspan save President Trump from personal bankruptcy and bail him out 25 years ago? And what did Greenspan get in return?

            Nov 09, 2017 09:42 PM

            Heres another Jerry:
            If the CIA is suppose to be a SECRET agency,why do they release so much info to the media with their name on it?

            Nov 09, 2017 09:43 PM

            Evil is as Evil does.

            Nov 10, 2017 10:39 AM

            President Trump and his former attorney Roy Cohn: What are the implications?
            Now I see what the dems were shouting about. Looks Like Trump is knee deep in the swamp. Good guy, wise guy, con guy. Once, in the Russian Mob’s grab of the Top leader,it is not looking good for American’s welfare. ….jmo

            GH
            Nov 10, 2017 10:08 AM

            And then there’s Trump’s Rothschild connection via Wilbur Ross. Did they not bail Trump out of bankruptcy?

            Trump is beholden to the Swamp.

            Nov 10, 2017 10:14 AM

            All roads lead to “Cypress”

            GH
            Nov 10, 2017 10:28 AM

            JohnK,

            Do you have any links on Cohn?

            Nov 10, 2017 10:42 AM

            GH:
            I haven’t gone there yet. Pretty much everybody that come from Goldman Sachs is cut from the same cloth.
            The argument that these are the only people that understand high finance is a lie.

            Nov 10, 2017 10:31 AM
            Nov 10, 2017 10:34 AM

            Here is the rest of the treat…….R Cohn
            https://www.youtube.com/watch?v=6yRVhOCw3LY&t=57s

            Nov 10, 2017 10:37 AM

            Gary and Roy two different guys……….Gary use to be an aluminum siding salesman….
            https://en.wikipedia.org/wiki/Gary_Cohn_(investment_banker)

    Nov 09, 2017 09:17 PM

    Gold is showing more strength than most seem to recognize:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p53014237909&a=555882444

      Nov 09, 2017 09:29 PM

      Silver is still weaker but more appealing to me longer term:

      http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=0&dy=0&id=p34693808582&a=555885032

        Nov 09, 2017 09:34 PM

        Silver’s bullish underpinning — it’s an essential metal for these 3 growth industries

        By Rachel Koning Beals – Nov 9, 2017

        https://www.marketwatch.com/amp/story/guid/E0671D3E-C3E6-11E7-82FA-46AD101A9B0D

          b
          Nov 10, 2017 10:17 AM

          No offence, but when does the “gold showing strength” affect the gold price?
          Another drop today. which was kinda funny with the articles saying that Friday was the strongest day of the week for gold.

          Course there is the manipulator crowd that sees PMs “smashed” on Fridays, guess the manipulators got it right today, not over yet tho, so maybe it comes back.

            Nov 10, 2017 10:28 AM

            If Gold is showing strength (meaning resilient to a major pullback) then it tends to mean things are basing and the price level is consolidating for the next leg higher.

            That is why it is significant. It beats a waterfall sell-off which is a sign of weakness.

            As for the Friday being stronger/weaker I place no importance on any day of the week as a reliable indicator. 50/50 odds. However, Friday is of importance as the more extreme moves often indicate traders positioning around the close to the “Weekly” candle.

    Nov 09, 2017 09:45 PM

    This Precious Metal is rapidly losing status – which is a good time to buy
    By: John Stepek – 17/10/2017 [Platinum]

    “Got any platinum jewellery? You might need to trade up to something fancier.

    Gold has been more valuable than platinum for a while now.

    But now it’s not just gold. It’s a somewhat more obscure metal, and almost certainly not one you’ve ever considered wearing on your finger, in your ear, or around your neck.

    It’s palladium.”

    https://moneyweek.com/palladium-this-precious-metal-is-rapidly-losing-status/

      Nov 09, 2017 09:36 PM

      Cobalt Controversies: Delving into the How, What and Why
      by Lara Smith

      “Cobalt has come into the limelight over the last eighteen months or so. This is unsurprising given the surge in smartphone users, battery-powered devices and investment and uptake of electric vehicles. As such, the cobalt supply chain is being looked at with more and more scrutiny.”

      https://www.coreconsultantsgroup.com/cobalt-controversies/

    Nov 09, 2017 09:47 PM

    Since Ronnie was the theme of this editorial, then I’ll repost his keynote from Zurich.

    Keynote Presentation: Ronald-Peter Stöferle
    Investment Manager, Incrementum AG
    Zurich, Switzerland Precious Metals Summit – Nov 8th, 2017

    http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/11/08/keynote-presentation-ronald-peter-stoeferle/play/stream/23899

      Nov 09, 2017 09:28 PM

      sorry – wrong editoria.

    Nov 09, 2017 09:29 PM

    The Real Cost of Gold Mining with Mickey Fulp, Mercenary Geologist

    by @Newton on November 8, 2017

    https://ceo.ca/@newton/the-real-cost-of-gold-mining-with-mickey-fulp-mercenary-geologist

    Nov 09, 2017 09:36 PM

    Shad:
    How about your macro view on where the Gold and Silver Futures are headed ?

      Nov 09, 2017 09:02 PM

      Hi JohnK – I’ve been pretty consistent on my macro view:

      The Precious Metals Bear market that started in 2011 ended on the double-bottom in December of 2015.

      The thrust up in 2016 took out many key prior peaks and troughs that were resistance levels which needed to be broken to indicate a change in trend. We discussed each one of those levels on here as they were broken – real time, in the spring and summer a seasonally weaker time of year.

      In addition, the impulse leg up in the first half of 2016 broke through resistance in a number of key moving averages. I show the Fib MAs on the chart below and it is easy to see when things shifted.

      This is why I don’t buy the narrative that 2016 was just a suckers rally, or it would have retreated at first resistance. Gold has not made a new low since the $1045.40 in December of 2015 which is just about 2 years now, so it is hard to make the case that we are still in a cyclical Bear market. Therefore we are still in a developing Bull market, albeit, the confirmation of this will be taking out the $1377.50 high of 2016.

      Below is a 5 year Gold chart with the price action as it happened and the peaks and troughs price labels. Look at how it bottomed in 2015, and forms a large inverse H&S pattern, as many technicians have pointed out for some time. I’m in the camp that we are close to the leading edge of the next impulse leg up to a higher high.

      Silver will outperform Gold to the upside.

      Silver stocks will outperform Gold stocks over the next 2-3 years.

      Jr mining stocks will outperform the Majors as a general theme, once the bull gets raging.

      http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p83512388819

        Nov 09, 2017 09:08 PM

        Also note the general trend in the volume since the major low in Dec 2015. It is increasing into higher pricing.

            Nov 09, 2017 09:18 PM

            After $1377.50 (the 2016 high) is taken out, then the next peak/resistance is at $1392.60, and the next one is at $1434.

            After that there is that 2013 gap down in the $1500-$1550 zone that will be a resistance zone.

            Those are the levels I’ll be watching as key resistance levels for further progress to be made.

            Nov 09, 2017 09:25 PM

            For clarity, I see those prior peaks as milestones to be crossed for further bullish confirmation. While they can act as a short term ceiling, in a very bullish market the impulse leg up will blast right through them with conviction.

            The actual resistance areas that will reflect Gold back down will be based on typical factors like Fib extensions, Moving averages, Trend-lines/forks, candle patterns, etc… However, from a “macro” picture; Gold needs to continue to advance to higher highs that take out prior peaks to stay in the Bull market.

            Nov 10, 2017 10:26 AM

            milestones…..to millstones…

    Nov 09, 2017 09:47 PM

    Here’s a 33 year monthly chart of XAU priced in Dow with a giant modified Schiff fork. Notice that the 52 month bear market ended precisely at the median support line of that fork. For the TA naysayers, there is nothing random about the placement of that fork and I doubt very much that many technicians have looked at that chart even without the fork.

    http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24INDU&p=M&st=1980-11-09&en=today&id=p25075060722&a=555940376

    Nov 09, 2017 09:39 PM

    Gold holds near three-week high, set for weekly rise

    Reuters – November 9, 2017

    “* Spot gold was up 0.1 percent at $1,286.30 per ounce at 0101 GMT. On Thursday, it touched its highest since Oct. 20 at $1,288.34 an ounce. The safe haven asset was up about 1.3 percent for the week so far.

    * U.S. gold futures for December delivery were flat at $1,287.20.

    * Palladium gained 0.2 percent to $1,011.97 an ounce. It touched its highest since 2001 at $1,026.10 on Thursday.

    * The dollar was on track for weekly losses after dropping on disappointment with a tax bill put forth by U.S. Senate Republicans that would delay expected corporate tax cuts. [USD]”

    https://finance.yahoo.com/news/gold-holds-near-three-week-014244384.html

    Nov 09, 2017 09:45 PM

    Mnuchin: We are looking ‘very carefully’ at Bitcoin

    Nicole Sinclair – 8 hours ago

    “Bitcoin prices have been surging, sending its market cap past a $100 billion as more people are becoming believers in the value of this cryptocurrency.”

    “When asked about bitcoin, Secretary of the Treasury Steven Mnuchin said he is primarily concerned about its use for illicit purposes.”

    “It’s something we are looking at very carefully and will continue to look at,” Mnuchin said. “The first issue and the most important issue is to make sure that people can’t use bitcoin for illicit activities. So we want to make sure that you don’t have the dark web funded in bitcoins. And that’s something that is a concern of ours today.”

    “So if you’re a bitcoin dealer in the United States, you have the…customer requirements and BSA requirements. And those are issues I’m discussing with all my international counterparts. So our number one issue is, we wanna make sure that this is not used for illicit transfers of funds.”

    “Mnuchin added he didn’t have timeline for one the Treasury might have an official position on the cryptocurrency. But he emphasized that the government is looking into it.”

    “There’s nothing specific. But we do have working groups that are looking at this. And again something we’ll be watching very carefully.”

    “The surging value of the cryptocurrency has continued to attract attention. The IRS is looking into big individual profits by pushing for records for users on Coinbase, one of the US online exchanges for bitcoin. Meanwhile, law enforcement is on the alert as transactions are anonymous and difficult to track, making it popular for terrorist financing, ransom for cyber criminals and money laundering.”

    “Meanwhile, figureheads across finance have chimed in. JPMorgan CEO Jamie Dimon called it a “fraud,” Bridgwater’s Ray Dalio called it a “bubble” and Saudi Prince Alwaleed bin Talal said he thinks it’s “Enron in the making.” On the other hand, investment strategist Tom Lee sees it continuing to surge.”

    “This week, Citi CEO Michael Corbat, who said he doesn’t dismiss it, also said to Bloomberg that bitcoin is enough of a threat to the financial system that governments will need to issue their own versions.”

    https://www.yahoo.com/finance/news/mnuchin-looking-carefully-bitcoin-211340636.html

      Nov 09, 2017 09:26 PM

      Criminals will use whatever they means they can.Ask yourself who are the real criminals here ? Illicit activities you say? You mean like buying Pain Killers from big Pharma? This is just more control exercised by those who continue to foster the terrorist narrative.The Military industrial complex needs an enemy to sell its weapons of death.
      The demise of the U S dollar is almost guaranteed by those who have abused the fractional system to the tune of 20 trillion in debt,and untold trillions in liabilities.
      I have no problem paying capitol gains on my Bitcoin profits.I do have problems with a Government that continues to kill innocent women and children in the name of National Security. A person dies every 23 minutes in the U.S from heroin overdose.It would be nice to have people in this administration start paying attention to the problems that face us at home in the U.S.
      Now Mr Mnuchin make sure to keep the Gold price in line so people don’t start to lose confidence in the Fractional Reserve Scam that has been responsible for more death and destruction that is a requirement of the psychopaths that are really running our Government.

    Nov 10, 2017 10:59 AM

    Jason Aldean missing from the Country Music Awards. Who wants this story to go away?
    http://www.foxnews.com/entertainment/2017/11/09/jason-aldean-noticeably-absent-from-cma-awards.html

      Nov 10, 2017 10:35 AM

      Was the Las Vegas event a Saudi False Flag?
      http://stateofthenation2012.com/?p=88855

        GH
        Nov 10, 2017 10:14 AM

        If the Saudis are involved, it is as junior partners, just as in 9/11.

        No way in hell could the Saudis attack the AngloZionist empire on their own initiative without being wiped off the map.

        Same with the effort to connect Vegas to ISIS.

        Distraction tactics, nothing more.

    Nov 10, 2017 10:19 AM

    Everybodys favorite Uranium criminal and Clinton Crony,Frank Guistra and his Hollywood studio,Lions Gate, have a new film coming out titled”Last Flag Flying”
    Make sure you go out and support them. Just what we need is another film about America’s finest dying for a false flag called 9/11. Just in time for Veterans Day.

    GH
    Nov 10, 2017 10:27 AM

    Trump’s Swamp:

    Steve Mnuchin, the Foreclosure King

    http://www.informationclearinghouse.info/48146.htm

    Nov 10, 2017 10:46 AM

    God Bless Nomi Prins.

    Nov 10, 2017 10:50 AM

    Most of the People leading the U.S Congress right now are little better than walking Adult Diapers.

      Nov 10, 2017 10:13 AM

      According to doctor walach who wrote Dead doctors don’t lie, people who take statins dry up their brain connections because statins remove the protective coating
      that insulates their nerve pathways.most of congress and the senate is probably taking the drugs. Here is a short video from Mike Adams the health ranger.
      https://www.youtube.com/watch?v=2u_Kfd9ntXo

        Nov 10, 2017 10:56 AM

        Thanks for the link spacenormal.

    Nov 10, 2017 10:41 AM

    Bitconnect…….problems in river city……
    https://www.youtube.com/watch?v=JEDd4psdaGM&feature=youtu.be

    Nov 10, 2017 10:45 AM

    GOLD rigged pukes up….scammer Mnuchin at the key board…….
    http://www.zerohedge.com/news/2017-11-10/someone-just-puked-over-4-billion-notional-gold-futures

    Nov 10, 2017 10:50 AM

    On the daily chart, GDX is now below its 2017 uptrend support but on the weekly chart, it is not. I wonder what stockcharts would say about that.

    Daily:
    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=0&id=p45168795461&a=547215272

    Nov 10, 2017 10:17 AM

    Uranium stocks still on a tear today. They were up higher earlier this morning but mid -day things still look pretty peppy on the Cameco news shutting down production, and the Chinese news of plans to construct 6 new reactors:

    ________________________________________________________________________

    Ticker Symbol – Uranium Company Name % Chg on the day

    MSA.V Mesa Exploration Corp. +25.00%
    UWE.TO U3O8 Corp. +19.44%
    UEC Uranium Energy Corp. +15.85%
    EPM.AX Eclipse Metals Limited +15.38%
    WUC.CN Western Uranium Corporation +14.14%
    ARY.V Anfield Resources Inc. +11.11%
    ERA.AX Energy Resources of Australia Ltd +11.11%
    EU.V enCore Energy Corp. +10.00%
    FUU.V Fission 3.0 Corp. +9.09%
    CLE.V Clean Commodities Corp. +9.09%
    DNN Denison Mines Corp. +6.90%
    LBSR Liberty Star Uranium & Metals Corp. +6.67%
    GXU.V GoviEx Uranium Inc. +6.38%
    AL.V ALX Uranium Corp. +6.25%
    KIV.V Kivalliq Energy Corporation +5.88%
    URG UR-Energy Inc. +5.64%
    THX.AX Thundelarra Limited +4.76%
    FCU.TO Fission Uranium Corp. +4.62%
    AZZ.TO Azarga Uranium Corp. +4.00%
    UUUU Energy Fuels Inc. +3.99%
    FSY.TO Forsys Metals Corp. +3.45%
    RDM.AX Red Metal Limited +3.23%
    LAM.TO Laramide Resources Ltd. +1.56%
    CCJ Cameco Corporation +1.34%
    SYH.V Skyharbour Resources Ltd. +1.30%
    U.TO Uranium Participation Corporation +0.50%

    Nov 10, 2017 10:02 AM

    GH:
    Here is a good place to start with President Trump and Roy Cohn.
    http://aanirfan.blogspot.com/search?q=Roy+Cohn

    Nov 10, 2017 10:33 PM

    This entire market stinks…………….along with the congress…… 🙂