Recapping this week and month in the metals, markets and VIX
March is behind us and there was not much change from the open to the close. I recap gold, silver, the USD and the markets. Still not showing much direction I think the VIX is ready to spike and that could cause some short term moves in the markets.
I hope everyone has a great weekend! Stay tuned to this weekend’s show.
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Thanks mate. I enjoy these. 🙂
Rhodium $925…..up $15…..
forget Platinum
Platinum was 10th place this year in the Commodities sector…
…. where as Lumber, Lead, Palladium, and Silver took the top positions….
—–…… Gold was in 8th position….. (as per the Gary Wagner Weekend Report posted below in this blog)
This week’s hot coin ….2002 Platinum US coin , One oz….. graded .MS70……$7500……from the OWL COINLAND REPORT
I monitor several prams from around the world simultaneously on different computers.
E.g. This one out of Australia currently has an interesting progam on Child care:
prams should be programs
This Infowars channel in the US now runs almost 24/7
https://www.youtube.com/watch?v=9FURs-NYmGE
This is news from France in English:
This is UK news on Sky,
running 24/7:
https://www.youtube.com/watch?v=y60wDzZt8yg
This is the English Al Jazeera channel:
Have you ever compared the news they give out on the English channel with what the Arabic version portrays?
All the time….I compare.
The BBC News is bad in that it contains the most propaganda.
BBC News channel:
I do not speak arabic, so cannot compare English Al Jazeera with translated Arabic Al Zazeera, unless there is a podcast translation, which does sometimes happen.
I have similar thoughts to Cory – sometime in the next 2 weeks I envisage a strong dip n the US conventionals… but I think it wil be a buying opportunity for the summer.
We will see Bob. It’s what the charts are telling me. Good to hear I’m not on the crazy Island all by myself 😉
Have a great weekend buddy!
Bob UK, I hope you know what you are doing…..
The Kondratieff wave is 70 years +/- long.
Use of Puts and Calls can at least limit losses.
Winter is Coming John Snow.
Intelligence official who ‘unmasked’ Trump associates is ‘very high up,’ source says
The U.S. intelligence official who “unmasked,” or exposed, the names of multiple private citizens affiliated with the Trump team is someone “very well known, very high up, very senior in the intelligence world,” a source told Fox News on Friday.
JAGUAR MINING REPORTS TURMALINA GOLD MINE 2016 YEAR-END MINERAL RESERVES AND MINERAL RESOURCES INCREASES TOTAL MEASURED & INDICATED RESOURCES BY 22% TO 540,000 OUNCES
Mar 30, 2017
Rodney Lamond, President and CEO of Jaguar Mining stated, “We achieved solid growth in total M&I Mineral Resources at our Turmalina operations as a result of a successful drilling program at Orebody A and C during 2016. The drilling program at Orebody A and C focused on converting a significant amount of Inferred Resources into M&I Mineral Resources category resulting in a 22% increase in total M&I Mineral Resources to 540,000 ounces of gold. We are also encouraged with the strong results at Orebody C which saw a 167% increase in 2P Mineral Reserves to 80,000 ounces of gold. Additionally, recent drill results announced in February 2017, confirmed the discovery of several high-grade intervals at Orebody C that had not been previously identified in the upper levels of the orebody. This suggests a potential increase in mineralization at depth. These newly defined areas may be used to increase Turmalina’s overall throughput, and is expected to positively impact unitary costs in the future.”
“At Pilar, we are working on delivering new wireframe models to better reflect the geology and lithology, which will improve the accuracy of the Mineral Resource estimate. We expect to deliver an update on Mineral Reserves and Mineral Resources for Pilar in the second quarter of 2017. This will include drilling from the current ongoing campaign and any material information from current deep drilling.”
“Our current US$8 million accelerated growth exploration program is focused on increasing mineral resources at core assets and the potential discovery of new resources near our existing operations. The program is expected to complete approximately 31,000 metres of diamond drilling, including approximately 15,000 metres of drilling along the down-plunge continuities of Orebodies A, B and C at Turmalina and Orebodies BFII and BF at Pilar. We look forward to delivering positive results from these exploration programs during 2017.”
UK coping with Brexit:
https://www.youtube.com/watch?v=TAerd66NZq8
#Silver and #Gold Among 1st Quarter Winners
Gary Wagner – March 31, 2017 – Weekend Review #Technical Analysis #Video
#Palladium and #Silver Shine Brightest Amongst the Precious Metals
“When we look at the commodity complex as a whole, there were only two commodities (lumber and lead) that outperformed palladium and silver. This places palladium and silver as top performers in the commodity complex. Gold closed near the top, in the eighth place, with platinum in 10th Place, according to MarketWatch.
Most importantly, when we compare the performance of gold and silver to that of U.S. equities, we see that they certainly had a great start this year. Although we do not know what the next quarter will bring, we can safely say that the precious metals are off to a great start. If they continue to gain value, precious metals traders can look for an outstanding performance that will create great opportunities.”
https://thegoldforecast.com/video/silver-and-gold-among-1st-quarter-winners
Gold in Fed-Rate-Hike Cycles 2
Adam Hamilton – Mar 31, 2017
“Gold suffered heavy selling in early March leading into the Fed’s latest rate hike. Speculators frantically dumped gold futures ahead of the Fed’s meeting as implied rate-hike odds soared. This is nothing new. This key group of traders has long feared Fed-rate-hike cycles, convinced they are the mortal nemesis of zero-yielding gold. But this view is highly irrational, as history proves gold actually thrives in rate-hike cycles!”
http://www.321gold.com/editorials/hamilton/hamilton033117.html
Spot on. The previous Fed-rate-cycle from 2004-2006 was GREAT for gold and spectacular for gold stocks. Ahhhh, those were the days.
May 2004-July 2006: Fed Funds Rate increased from 1% to 5.24% while gold rose from $387.30 per oz to $637 per oz for a gain of 57.86%.
http://inflation.us/gold-rose-big-during-historical-fed-rate-hikes
Read this:
http://www.thedailybell.com/news-analysis/why-the-consumer-wins-when-walmart-and-amazon-battle-over-prices/
and then think about healthcare.
Daily market wrap, weekly market wrap, monthly market wrap and quarterly market wrap!
It’s all of them silverbug!!
Epstein metal TA:
https://youtu.be/ejbngVoL2tY?t=31