Inflation and Retail Sales Data Driving Gold Today

February 14, 2018

Doc joins me today to share his thoughts on the pop in the gold price. Higher inflation and weak retail sales are driving the gold price higher and USD lower. We discuss how this could be a continuing trend for the year.

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    Feb 14, 2018 14:44 PM

    Silver will lead if JPM allows it to lead, period. Unless, someone resurrects the ” rule of law.” I bought silver dimes for the 5 th time in the last year @ or below $16.22 spot.

    Feb 14, 2018 14:14 PM

    Navios Maritime Partners LP: Lies, Lies, Lies

    Angeliki Frangou pulls the rug out from under her investors again! After discussing returning capital to investors during the earnings conference call, she announces a common unit offering instead.

    After the market close on February 12th, a mere five trading days after the earnings CC, Navios Partners announced a $35 million common unit offering, approximately 11% dilution.

      Feb 14, 2018 14:39 PM

      Marked, you’re right. I’ve owned shares for about 2 years and have had a nice profit and then she pulls this stunt.

    Feb 14, 2018 14:15 PM

    Inflation is meaningful but so was the Yen going below 107. FWIW another school shooting in Florida dampens a great day for PM investors.

    Feb 14, 2018 14:29 PM
      Feb 14, 2018 14:33 PM

      That descending triangle kind of goes with my May breakout higher out of that triangle.

    Feb 14, 2018 14:53 PM
    Feb 14, 2018 14:13 PM

    Litecoin Rocket Begins Trip TO THE MOON!! (Bix Weir)

    Got Litecoin?? Litecoin is up 35% today…but if Clif’s data is correct it will be up 10,000% to $20k by December 2018!

    Feb 14, 2018 14:35 PM

    Adamera Drilling Confirms Sulfide Mineralization at SE-01 – Follow up Drilling Underway

    Vancouver, British Columbia / TheNewswire / February 14, 2018 – Adamera Minerals Corp. (TSX-V: ADZ) announces that the first hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State is mineralized with sulfides and magnetite. The drill hole intersected a thick zone with both semi-massive and disseminated sulfides over a 120 metre core length. Mineralization consists of variable amounts of sulfides, magnetite and silica alteration from 60 to 180 metres depth downhole. The core is currently being logged and cut prior to gold fire assaying.

    The hole was drilled at a dip of -55 degrees, approximately perpendicular to the strike of the VTEM anomaly. The true width of the intercept is not yet known and will be better defined by a second hole which is currently underway.

    Both sulfide and magnetite content in the core range from approximately 3% to 80%. Intense silica alteration and silica replacement as well as local sericite alteration accompany the sulfides and magnetite from 68.5 meters to 121.4 metres. Much of the interval displays complex fracturing and sulfide veining.

    “While we won’t know if this drill hole represents a discovery until we receive assays, it is at the very least a clear vindication of our greenfields targeting program. The intensity of hydrothermal alteration and the proximity of the mineralization to the Republic Graben margin gives me every reason to be optimistic about the potential outcome,” says Mark Kolebaba President and CEO of Adamera.

    Selected photos highlighting mineralogical and textural features of interest. (Click here to enlarge)

    Feb 14, 2018 14:16 PM

    MXSG going cheap here for anyone who wants to back up the truck

      Feb 15, 2018 15:26 AM

      +1 Lots of good catalysts coming up as well and a few good news updates in Dec/Jan, but they don’t have wide visibility on their news releases at this point, and Canadian’s snub the stock because there is no Canadian listing. Still they are operating with cash costs of $450 and finally producing Gold & Silver on the leach pads at Santa Elena.

      They just brought on a long time advocate and consultant as the president of their Mexican operations, and just picked up even more land as part of this new subsidiary. They just made more progress on their El Scorpio copper project as well. They’re firing on all cylinders right now, and have put out a few good news releases.

    Feb 14, 2018 14:54 PM

    Gold can add a quick large gain from here if it finishes the week strong…

    Feb 14, 2018 14:02 PM

    The last two yearly cycles have been right-translated (because it’s a bull market):

    Feb 14, 2018 14:13 PM
    Feb 14, 2018 14:19 PM
    Feb 14, 2018 14:23 PM

    Two forks supported gold last week and foiled the bears:

    Feb 14, 2018 14:29 PM
      Feb 14, 2018 14:32 PM

      Notice the currently bunched-up and bullishly aligned moving averages (EMA) on the above chart compared to 7 years ago. They will blow apart again as gold flies.

    Feb 14, 2018 14:42 PM

    Here’s my “reverse symmetry” chart that I first posted over a year ago and it is still good/viable (meaning, gold might be in for a reversal of the 2013 crash in roughly the same amount of time). So far so good:

    Feb 14, 2018 14:49 PM

    I will be surprised if gold doesn’t at least get very close to $1500 this year.

    Feb 15, 2018 15:49 AM
    Feb 15, 2018 15:58 AM

    Speaking of buying the dip. I mentioned a few weeks back that Lithium stocks were starting to look oversold and I was nibbling around the edges at a few of the quality companies like Galaxy Resources, Nemaska Lithium, Pilbara Minerals, Lithium Americas, etc…. So far so good with a nice little bounce, but there is some expected news that may make things more interesting soon.

    There is a bunch of market chatter about BMW that is going to announce any day now a strategic partner directly with one of the larger Jr Lithium companies for an off-take agreement.

    Most are suggesting it points to Galaxy Resources, and I tend to agree there. I’ve stated for the last 6 years that it is the company I felt the best about in the Lithium space from way back when they built their battery plant back in 2012 that was processing Talison’s (Greenbushes) Australian ore. In 2014 & 2015 I let investors know that not all Lithium companies were scams or hot air and that (GXY.AX) (GALXF) would make it into production before the rest of the herd (which it did) and it has had an epic run the last few years. They have a hard rock deposit in production, a large JV and strategic investment on their Brine resource, and they still have a 3rd hard rock/clay deposit.

    If BMW was going to partner with a company then Galaxy would make an ideal suitor. I guess it could be Orocobre or Neometals/Mineral Resource/Ganfeng though who are also all in production already. If it’s a developers then Pilbara, Nemaska, or Lithium Americas all seem like good potentials.

    This news could give the Lithium sector a shorter term boost, as more automakers seek to establish supply chains outside of China.

    Feb 15, 2018 15:53 AM

    $hui is coming back down below 180 eventually to clear out Friday’s black candle.

    It hasn’t left behind a black candle on the daily chart since the bottom in 2016, and I don’t expect this time to be any different.

      Feb 15, 2018 15:02 AM

      Sorry, that’s Tuesday’s black candle (February 13th).

      Yet another sucker’s rally that I am sure the resident masters will trade perfectly.

        Feb 15, 2018 15:14 AM

        I trade perfectly imperfectly at all times and did buy more IPT on today’s pullback. 😉

          Feb 15, 2018 15:21 AM

          I’d agree that there are no perfect traders, and I’ve never seen anyone claim to be a perfect trader (well except Bill).

          I had the good sense to add to most of my primary positions in mid Dec in the few days leading up to the FOMC hike on Dec 13th, and trimmed a few back 4-5 weeks into that rally to lighten the load and rotated some of those earnings into Lithium and Uranium to slightly diversify. I was very clear why I was doing those trades in each instance and they worked out just fine and profitably.

          I’ve also traded a handful of stocks with unique situations, that had 15-20% moves in 1 day a few times to scalp a little here or there, but I make bad trades regularly with the good trades….. there are just more good than bad 🙂

        Feb 15, 2018 15:16 AM

        spanky – If you really believe the miners are heading down, then you can trade your theory “perfectly” and sell your AG, EXK, and AXU today. When everything watefalls down to wherever you think it’s headed then you can buy them all back, or preferably you just thow it all on AMZN, and you’ll then be much happier that you got out of the “utter trash”.

        However, If you actually hold on to your shares when you honestly believe there is that big of a pullback coming, then you don’t have any conviction in your words.

        Good luck and good trading with exiting your mining positions to avoid the losses in the coming correction.

          Feb 15, 2018 15:16 AM

          Still have LT capital gains. I am holding until the miners make moon landings. Or maybe Uranus.