Joel has some comments on gold that the gold bugs don’t want to hear
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me today for a recap on the market moves and the high flying tech stocks starting to break higher. We then discuss gold and Joel’s thoughts on the main drivers for the metal. This includes his long term assessment of gold’s roll in the broad financial markets.
Kuya Silver:
I’ve been building a Kuya Silver position since mid-February, and like how things are developing for them.
Biden is for main ST. Than wall st…..Joel get real…Every adminastration is for wall ST , they dont give a toss about main st…Who funds their campaigns. Stocks are grossely overpriced..IMO. It’s hard to beat the criminals. Joel…You are totally wrong on Gold , Your words are going to come back & bite you in the arce.
I agree with Irish—I don’t know what this guy is talking about as regards Biden being for main street—I thought Biden along with other establishment types were the globalists that sold main street out to China while Biden’s crime syndicate family enriched his family with millions. Trump was the first president in a long time that showed he was for main street.
Trump only cared about Trump, how much did he pay in taxes last year, $750. DT
Personality disorder. His behavior was consistent. It drove an agenda.
This is one of the best metals/miner sites around with a lot of hard working, knowledgeable people giving us great information. Let’s support them rather than go down rabbit holes if conflict. Thanks…
👍 keep the political discussions in the political thread
DT, where did that information come from?
In 2005, the most recent Trump income taxes available, to my knowledge, Trump paid over $35 MILLION in federal income taxes.
most recent is good – I think good jokes are still allowed 😀
WELL SAID IRISH………………of course in your very special way…… Hope all is well…
I knew Obama hated America, but I thought biden was just senile and incompetent.
https://www.youtube.com/watch?v=GUxW5AW4dw4
This administration really does want the standard of living in the U.S. lowered to that of the rest of the world.
Rick Ackerman on Gold and silver:
Here’s a nice interview about a royalty company that’s looking at a NYSE or Nasdaq soon…..yes Ex. It’s a uranium royalty.😉
Thanks Wolfster. Yes, I’m aware of it and appreciate you keeping it top-of-mind for us.
Cheers mate!
Oops forgot the link.lol
https://m.youtube.com/watch?v=kwHnFMyfR24
I hate people who use DECEPTIVE LANGUAGE.
This interviewee opens with the statement, something like “there’s little uranium available on the spot market”.
He might just as well said …you can’t buy uranium in the middle of the Atlantic.
Both statements are true.
However, most uranium IS NOT TRADED ON THE SPOT MARKET. IT IS PURCHASED VIA LONG TERM CONTRACTS.
China has been trading in the spot market…..they are building many nuclear power plants.
I found the interviewee was talking his book.
Cory,
You hit it on the buzzer! Your guests voice lol couldn’t get me to take him seriously.. No joke aside he is not confident in any model from what I see.
Listen folks glen had a gold update!
Long over due?
To all my supporters, fans and haters..
Gdx is about to encounter some serious restante which david spoke of regarding matthews charts looking up and being optimistic.
For you folks out there that want to learn a thing or two, the market or gold prices in this lockdown in candad almost three weeks ago when we double bottomed and many of you believe that’s the real bottom.. I’m not stating that it can’t be more so when Matt feels strongly about it but I had it priced in before it happens and new this lockdown/semi lockdown was coming. My charts shows a bounce this month but a turn down soon..
Fact is they will release us once again and all will be rosy and gold will move before that happens back down. The real lockdown is about 1/2 months away and it will be severe with Armageddon language and vacine and Passports! That’s what will launch gold!
Look out for heavy resistance at 36/36 gdx and if it’s able to get pass that then and only then will I say there is a good chance that Matt’s low is in but I’m expecting a massive reversal that will send us back Down send yields higher and US dollar higher for short term!
To all the folks out there charts, Charles, Ann, Jerry, Irish, holy, Canuck, dickass lol, and whoever else give me a holler if you like my views?
As always no harm intended
Glen
Glen, your vision of lower gold remains possible but its plausibility took another big hit today. If tomorrow is another strong day, your chances will drop significantly further.
NEM and a few others told us what was going to happen with gold 5-6 weeks ago and here we are.
I bought BTG, DRD and a tiny cap today.
Gold:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p30697693594&a=935255228
Matthew I agree why I’m looking closely at that gdx..
Wanted to ask you your thoughts on volume overall as well as if we do head higher in the short term I see a correction very soon if it has not started how king could you envision the move up 1 week two three before a correction. I want to get your angle. I would think if the low is in and it’s a possibility we are going to be really tested at that red line correct?
Through us a chart. By the way I noticed you don’t really use gld or am I wrong? A I was huge on god filleting old your thoughts?
Great work Matt….the shorts are about to get hurt…the bear party is over!
Thanks, it sure looks that way!
I meant 36/37 gdx
I also see gold struggling at $1764/$1775/$1780 again as I met Ike’s a week ago if any of you listened
Glen
Also wanted to touch base regarding Rick Ackerman views.. for starters I have plenty of respect for him! Thanks Rick. Were I differ is he sounds like avi from time to time. If a goes to b then c will go to d and I don’t like that time. Just me don’t hit me over the head.
I’m a visionary and I look at charts and I read them very good as of late. I take everything into consideration to the ones who follow me.
I’ve caked in everything before it even happens and have taken history and cycles and patterns into consideration. My point is I still believe a great technician outsmarts a computer.
With that being said even Gary’s currently is lost in no mans land. That’s cool and fine and I’m not attacking anyone just calling facts and people have taken shots at me. No worries here.
We are headed lower my time won’t change and I believe very strongly that you will be upset but learn that my call was right.
We will turn soon down at some given point.. Dow will probably trigger it as well.
Glen
The VIX and DSI suggest the Stock Market is about to tank
Bob Moriarty
Archives
Apr 7, 2021
@321 gold
B
The last time that man called bullish percentage indicator at all time high for gold with weeks gold ranked and miners I won’t fight it
Glen
Ranked=tanked
Forgive me all for my horrendous spelling mistakes..
Thank you all as well for noting it but not calling it out lol.
Jerry hope your well have not heard from you? Dt yes I had a drink you crazy rascal.. Matthew regardless of my views the respect will always be there. You may turn out to be correct and if so I will clearly say it!
I have a side question to everyone, maybe it should be in the political section but here goes! To cfs, Jerry, Irish , Matt, ex, dt, wolf, holy, everyone out there all you fine folks, I really want an honest opinion regarding this bull shit covid. Do you guys think we will be ok in 2/3 weeks a d language will be better and then shut done for longer period as I stated or do you believe it’s over from here forward meaning in three weeks the time won’t change we will continue or have extension of lockdown for king period?
There is a reason is ask and it is related to Investments
Please all of you give me your true opinion as I value it
Glen
The masses (globally) have absolutely no idea what’s really happening. Luckily, many are waking up to the fraud and realizing that the left-right focused narrative is, as usual, an effort to divide and conquer.
— — —
America’s Frontline Doctors (AFLDS) spoke to former Pfizer Vice President and Chief Science Officer Dr. Mike Yeadon about his views on the COVID-19 vaccine, hydroxychloroquine and ivermectin, the regulatory authorities, and more.
At the outset, Dr. Yeadon said “I’m well aware of the global crimes against humanity being perpetrated against a large proportion of the worlds population.
“I feel great fear, but I’m not deterred from giving expert testimony to multiple groups of able lawyers like Rocco Galati in Canada and Reiner Fuellmich in Germany.
“I have absolutely no doubt that we are in the presence of evil (not a determination I’ve ever made before in a 40-year research career) and dangerous products.
Great post for those that think Big Brother uses medical non-emergencies to consolidate power over people….thanx Matthew
Hi Glen.. Sure it was only 1 last night?? I did have3. Lol I really don’t have an opinion on “you guys”I haven’t been closely following the USA the last week or so. I am pretty much convinced British Columbia is going back to “ full lockdown “ in the next 2 weeks.Ontario has.. i believe Alberta is threatening and we will be pressured to follow
Ann lol funny you 🙂
Thanks for that info it reaffirms that regardless gold is going to have that catalyst for the 2021-2024 commodities super cycle move albeit an ugly work of mask, lockdown and passport coming to a theatre near you 🙁
Hello Glen………I have posted a lot of info. starting in 2019……concerning the entire issue which I thought would be helpful , concerning the COVID HOAX, and where it was leading up to…..Not sure how deep you want to go…..it is a deep rabbit hole.
Bottom line…….IT IS NOT OVER…….
mRNA vaccines may cause your body to churn out prions that eat your brain
The spike protein outer shell of the coronavirus contains “prion-like regions.” mRNA vaccines hijack your body’s cells to make them churn out these prion-like proteins to mimic the covid-19 virus.
With simple random errors, this process may result in many people’s bodies actually producing pathological prions that “eat your brain” like Mad Cow Disease. It’s actually called CJD in humans.
Today’s podcast reveals the full truth about mRNA vaccines, prions, Mad Cow Disease and the coming wave of “vaccine zombies” that I predicted a decade ago.
Article above is from brighteon…..
I couldnt help but get a giggle from the vaccine could “eat your brain”.
Better hurry up and get your shot…. lol
Matthew thanks for the link very informative.
Matt what’s the dilly are we going to eventually stand up and fight back and win or are we doomed? I’m asking your honest opinion what is it going to take to fight back and get the freedom back. There is a lot at stake here. Everytime I think a group wil stand back in here there taking arms away from the Americans we seems destined to fail but I would think history shows we will prevail? Give me some good news pal
Glen
Glen………this is for you……….Vaccine for Covid……ARMY ALREADY HAS A CURE….
https://www.youtube.com/watch?v=5KW0msXoTQA
And HAD THE CURE……..
Remember , you heard it here first…. 🙂
This is a continuation from FEB 22 , 2020………
Physically fighting back will fail. Waking others up is key to pushing back the tyrants’ plans and they know it. It is no accident that everyone is more divided now that ever and that censorship is so blatant and getting worse. Have you noticed how one-sided, idiotic and inflammatory Yahoo’s headlines became after they turned off their comment section? The problem is, the masses have been so dumbed-down that they don’t recognize tyranny even when they’re living it. The pitiful fools have been completely domesticated.
Mass confusion is in an epic bubble in this modern-day Babylon so we might well be screwed for longer than some of us have left. On the other hand, the awakening that’s happened in just the last 15 years is massive so we’re looking at exponential change that could reach critical mass much sooner than we expect.
You don’t have to be religious to know that the following applies to all collectivists, including the equally destructive ones with an “R” behind their names:
Woe to you who call evil good and good evil: that put darkness for light, and light for darkness: that put bitter for sweet, and sweet for bitter – (Isaiah 5:20)
Well said….pretty much sums it up…as the saying goes
Great summary Matt as Ann mentioned!
Thank you
You can trade it all you want to, but if you don’t get the big trend right, you are going to lose more than win.
Confused looks like you may have called the top yesterday at least maybe short term.
Gold target 1719-1727
Glen
Metals(active): https://tinyurl.com/h3sa9xb7
NY close. Silver MaxSat(7) possible on Friday.