By: GoldSeek.com Live - 1 May, 2016|
Rick’s professional background includes 12 years as a market maker on the floor of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.
Everyone says to buy at the bottom of the market but few have the gumption to pull it off. Brazil Resources Inc. (TSX-V:BRI, OTCQX:BRIZF) founded in 2009 and taken public in 2011, has spent the last few years snapping up gold projects in the bear market at increasingly cut-rate prices. Full Story
By: Gary Tanashian - 1 May, 2016|
The Fed has been trying to promote inflation. That is not the guy with the tin foil hat speaking, it is direct from FOMC statements targeting a higher inflation level, which is another way of saying they are targeting a lower US dollar level. From this we leaned toward that which would benefit from a declining USD. Precious metals (led by silver) are a prime beneficiary, with oil and some commodities remaining firm despite pressure on stock markets as corporate performance and economic signals continue to fade. Full Story
By: Rick Ackerman, Rick's Picks - 1 May, 2016|
The futures punched past a clear Hidden Pivot midpoint resistance at 1288.25 on Friday with sufficient force to put the 1336.30 ‘secondary pivot’ (see inset) in play as a minimum target for the near term. The rally has also made the red line potentially available for a ‘mechanical’ buy, provided the June contract stays above it for a couple more bars before pulling back. The implied stop-loss for this strategy would be enormous, amounting to about $4,800 per contract if the more conservative 1336.30 is used as a target rather than D=1384.40. Full Story
By: Hubert Moolman - 1 May, 2016|
On the US Dollar index chart, I have marked the two fractals (1 to 3). I have also indicated the relevant silver tops and bottoms to show how the patterns exist in similar conditions. Furthermore, if you look on the Dow chart, you will see that the Dow peaked just before point 3 on both patterns. If this comparison is justified, then we will see a big drop in the Dow and the US dollar index soon. This is consistent with my long-term analysis of the Dow and the US Dollar index. While this is happening silver, and gold will rise to phenomenal highs (which has already started). Full Story
By: Rambus - 1 May, 2016|
The first point I would like to make is that many of you are probably wondering how I could reverse my long term bearish view on the precious metals complex to a bullish view in such a short period of time. The other point I’ve been trying to make is to get you positioned and sit tight, as this new bull market is just getting started. Understanding the Chartology of this sector from the many different precious metals stock indexes, to individual PM stocks and especially the combo ratio charts, paints a picture that if one keeps an open mind and truly understands what is taking place right now, getting positioned and sitting tight makes alot of sense. This is easier said than done of course. Full Story
By: Clive Maund - 1 May, 2016|
The situation is paradoxical – gold and silver have broken out upside despite already extreme COT readings, yet the dollar has still not broken down. This setup continues to warrant caution, yet if the dollar should break down from its potential top area and drop hard, gold and silver will go into a vertical meltup – and here we should not forget the tight physical supply situation. In the last update we expected gold and silver to drop due to the COTs extremes, but they have done the opposite resulting in even greater extremes, which in silver’s case are “off the scale”. Full Story
By: Gary Savage - 1 May, 2016|
As is always the case at these major turning points, the usual analysts are going to get it wrong again. The dollar is finishing an intermediate cycle decline, not starting one. Stocks are dropping down into a half cycle low of intermediate degree, not starting another leg down in a bear market. Full Story
By: Dan Norcini - 1 May, 2016|
Gold is showing some very good strength at this time, as the weaker dollar, combined with negative interest rates, and in some instances, NEGATIVE REAL RATES, has made the opportunity cost in holding the metal practically non-existent. Throw in the continued uncertainty over global equity market valuations, and gold demand continues to remain strong. As noted previously however,the recent lackluster interest in GLD is on my radar screen however. Full Story
By: radio.GoldSeek.com - 1 May, 2016|
Chris welcomes back Monty Guild of Guild Investment who sees solid signs in the commodities markets, in particular gold and crude oil.
Guild Investment is bullish on both sectors, due in part to expectations of future dollar weakness.
Their long-term viewpoint on gold is solidly bullish due to the need to payoff global debts through further currency debasement. Full Story
By: John Rubino - 1 May, 2016|
China’s historic post-2009 debt binge flew largely under the radar — fooling most observers into thinking the global economy was recovering rather than just re-leveraging. Now Beijing is back at it, borrowing over $1 trillion in this year’s first quarter, buying up commodities and creating the illusion of global growth. But this time the scam hasn’t gone unnoticed. Reporters, editors and money managers seem, at last, to be catching on. Full Story
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