Gold Below $1,300 – Should We Be Worried?
David Erfle and I spent some time at the show yesterday chatting and will be on a panel starting at 1pm focused on metals stocks. However I wanted to get his opinion on the fall in gold below $1,300 and lack of movement in the stocks. There are only a handful of metals stocks that are bucking the trend and moving higher but is it sustainable? We also look at some lower targets for gold.
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Im not concerned, but thats because gold up or down doesnt change my lifestyle.
What Really Happens in China’s ‘Re-education’ Camps
What does it take to intern half a million members of one ethnic group in just a year? Enormous resources and elaborate organization, but the Chinese authorities aren’t stingy. Vast swathes of the Uighur population in China’s western region of Xinjiang — as well as Kazakhs, Kyrgyz and other ethnic minorities — are being detained to undergo what the state calls “transformation through education.” Many tens of thousands of them have been locked up in new thought-control camps with barbed wire, bombproof surfaces, reinforced doors and guard rooms.
https://www.nytimes.com/2018/05/15/opinion/china-re-education-camps.html?
Judge: Broward Elections Supervisor Unlawfully Destroyed Ballots In Wasserman Schultz Race
The Broward County Supervisor of Elections Office violated state and federal laws by destroying ballots from a 2016 Congressional race too soon — and while the ballots were the subject of a lawsuit against the office, a judge has ruled.
Based on that ruling, Florida’s Department of State will send election experts to the Broward elections office in the upcoming election “to ensure that all laws are followed,” the governor’s office said. It could also cost the elections office more than $200,000 to pay attorney’s fees for Tim Canova, the defeated candidate who sued the office.
The decision stems from Canova’s bid to unseat Congresswoman Debbie Wasserman Schultz in the Democratic primary, a race he lost convincingly, at about 57 percent to 43 percent, or 28,809 votes to 21,907.
Cory, will you put up any of your presentations or panel discussions on this site or youtube?
Hey Eddy, I will post the videos when Cambridge House gets them up. Not sure how long that will be…
OK, thanks. Look forward to seeing them. Hope they are up soon.
Gold below $1300! Im a little concerned, mainly because $1360 is inpenetrable and the low $1300s were acting as a good floor for a period. Unfortunately its business as usual until gold can hold the 1360 region. Even then, there is plenty of work to do ($1500 level would be a sure sign the bulls have won I believe).
I still like the bigger picture in gold stocks, but decided to bail today.
For the moment I see greener pastures in pot stocks.
canadian pot hasnt been the best lately.
maybe its just the doldrums.
JOKESter>>>>>>MUELLER……..can not indict a setting President………
https://www.zerohedge.com/news/2018-05-16/mueller-says-he-wont-indict-trump-giuliani
“All they get to do is write a report,” said Giuliani.
Mueller knew it, and made a couple million in the process………….
Congress is a bunch of RETARDS>>>>>>>>>>take that to the bank…….. 🙂
Proverbs 12:22-24 New Life Version (NLV)
22 The Lord hates lying lips, but those who speak the truth are His joy.
Just when things were going smooth……..Lighting ..BOLTEN shoots off his big mouth…
https://www.zerohedge.com/news/2018-05-16/north-korea-threatens-abandon-peace-summit-over-denuclearization-demands
National Security Advisor John Bolton’s comments from his appearance Sunday on CNN’s State of the Union, where he suggested that North Korea must “commit to denuclearization” to help it “become a normal nation.”
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”
President about to get involved in ending the investigation ……….I think……
https://qanon.pub/data/images/8caaed453c4d8277347070be229b5acdf2c553640b966582fb1d344770dca9a7.jpg
Jerry and all of you, you boys see this? And you can bet the actual cost is much higher.
Anti-terrorism fight has cost U.S. $2.8 trillion
https://www.marketwatch.com/story/anti-terrorism-fight-has-cost-us-28-trillion-2018-05-16
You boys get your money’s worth? 🙂
This comment certainly is correct.
“WOW, that couple of BILLION in seed money Ronald Reagan gave the terrorist Mujaheddin in Afghanistan has paid off big for the military-industrial complex!”
Gotta protect you from those tarrists…as Bushie calls ’em.
https://www.youtube.com/results?search_query=bush+we+never+stop
The MIC…………IS A SCAM>>>>>>.
Albert PIKE……..beginning of the NWO……and THE MIC……
The Illuminati……..I know most do not have a clue……..what a joke, The DEVIL is in the DETAILS……..and Satin is playing everyone for a sucker…..
Speaking of scam, check out this Demorat…
https://www.lewrockwell.com/political-theatre/tucker-carlson-takes-down-anti-gunner/
Pat is an IDIOT………no clue on the basics…..of the Constitution…..
or what is going on around him.
He needs to take a constitution course, and an awareness course, ……..might even read the bible, to get his head on straight……..Good cop, bad cop………and he certainly qualifies for the latter………….
Speaking of scam, Jerry, I tell ya that old Willie Nelson song is so true…Mommas Don’t Let Your Babies Grow Up to be Anything but Gooberment Employees…gotta ride that gravy train…
We know the mess M McConnell and his buddies have done for us .21 Trillion plus interest.
I would venture to say more of the same.
I still can’t figure out why M McConnell’s wife doesn’t use her last name.
Even Hillary still claims to be a Clinton.
https://www.rollcall.com/news/politics/mcconnell-brother-in-law-trump-nominee
Because she like Yellen are con men and women……..NEOCONS…….
John, hope you saw my post …….under Chartster, yesterday……..
Here you go………
https://www.youtube.com/watch?v=y4EaBIMa51E
This guy has some great take on current events…….JMO
I did Jerry and I was impressed with Pastor Lawson.
He make things real simple.
I’ve been reading, I just finished T he Churches and Usury. L Shields Rose Forgotten Books.
Here’s a good one that reminds me of the 1%.
And the idle and luxurious find life stagnate, for want of some desire to keep it in motion.
Chicago Sucks ing sound…….and a pension plan that is out of control……Emanuel with us….lol
https://www.zerohedge.com/news/2018-05-14/broke-illinois-pension-system-leaves-every-resident-11000-debt
Gotta wonder why Mash Shedlock still lives in Illnoise…
I hope the spankmeister shows up tomorrow and gives us an update on his pre-trans Bruce Jenner indicator.
AKG doing well since the bottom around 45 cents USA
DANG………….Platinum……….$888……that is really low……….
Here is a BIG ONE>>>>>>>>EU to DITCH DOLLAR for OIL
https://www.zerohedge.com/news/2018-05-16/blowback-begins-eu-ditch-dollar-payments-iranian-oil
Inflation is about to return is a big way……….
With OIL at $80…..
Now they are talking $90…….
oop ……..Trade war…………with energy……
https://www.zerohedge.com/news/2018-05-17/trump-gives-merkel-ultimatum-drop-russian-gas-pipeline-or-trade-war-begins
DOJ>>>>>>>DO YOUR JOB>>>>>>SOMEBODY NEEDS TO GO TO JAIL>>>>WELL, HOW about someone at WELLS FARGO……..too big to Jail……
https://www.zerohedge.com/news/2018-05-17/wells-fargo-caught-altering-information-business-customers-documents
No more fines……..without jail time……..Banks are just a big bunch of Mafia Crime Scammers……and the Govt loves collecting the fines….More like a Pimp.
This is just way too sad for words…………wake up people…..
Good ol Uncle Warren and his warm fuzzy stories about collecting pop bottles as a kid.
In 2007 the bonuses at Goldman Sachs paid out 12.1 Billion to roughly 30,000 employees.
That translates into the salaries of 595,413 Private First Class pay for the year.
U.TO weekly
URA weekly
Uranium to gold ratio:
this one gives a better perspective:
Uranium to the S&P 500
Denison weekly
I’m concerned we may see more selling of Uranium stocks in the short term due to the $URA rebalance, because as a result that ETF will be lightening up on a number of companies like EFR UEC DNN UEX etc….
It reminds me of the carnage from the GDXJ rebalance in Jrs last year, so I trimmed back a number of my holdings just until the dust settles.
https://sightlineu3o8.com/2018/05/the-global-x-uranium-etf-resets-their-expectations/
Should we be worried? Nope.