Gold and Gold Stocks Ending The Year In Encouraging Fashion
With gold moving above $1,300 on the last day of trading in 2017 there are a number of encouraging signs that developed in the last 2 and a half weeks. Jordan Roy-Byrne, Founder of The Daily Gold shares his insights on the price action and what it means for 2018. We look at the recent shift in sentiment in the COT reports as well as the put/call ration in GLD.
Click here to visit Jordan’s site for more PM sector commentary.
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We want to wish everyone a safe and happy New Year. Bring on 2018!
MTF, it’s an interesting idea but the future no longer includes humans we have designed our own demise. We cannot function as a species and handle all this change, it took us millions of years to evolve and in the space of the last fifty years technology is moving too fast for humans to adapt. Imagine the next fifty years we won’t be needed but machines will keep changing and evolving. Humans can’t possibly survive in that environment. Technology can’t be stopped it can’t even be tweaked it just keeps growing exponentially and our little brains are at a loss to compete and survive except in a subservient role dominated by Artificial Intelligence. At some point the machines won’t respond to our needs, that is evolution. DT
DT, technology definately needs to be updated at the DOJ. Senator Graham said there needs to be a special counsel assigned to the DOJ’s handling of the Trump dossier. Looks like the court could have been fed some mistruths.
http://video.foxnews.com/v/5696087917001/?playlist_id=5198073478001#sp=show-clips
To 2018 we go with Crypto Wars — Issue No. 8
Your dose of crypto news and analysis from @BTO and @Goldfinger
https://ceo.ca/@bto/to-2018-we-go-with-crypto-wars-issue-no-8
3 Canadian Cryptocurrency Miners to Watch in 2018
December 29, 2017
https://smallcappower.com/top-stories/3-canadian-cryptocurrency-miners/
Ira’s Morning:
Greg Hunter: End of Week/Year:
https://www.youtube.com/watch?v=6MMsUoIZ9VU
Always good to hear from Jordan. He and Doc are my two favorite technicians.
But I’m for Penn State as I am an alum. Happy New Year to all.
True, Jordan has over the past three weeks or so gotten more hopeful. Don’t know how low he was expecting things to go but I thought Doc was looking for lows in gold to hit near 1200, perhaps 1220. Even though he kept repeating it was probably a good time to pick up selected shares, I don’t think he was foreseeing 1300 gold right off like it has happened. Today’s action in the shares (muted) seem to be saying, “OK gold, show me some more if you want me to play.”
I also wonder what effect on the markets has the January rise in metals played into this. Is this move somewhat caused by traders trying to get in early, looking for a repeat of ’15 & ’16? jmo
Like most people, Jordan was slow to turn bullish for the 2016 move and that setup was less clearly bullish than this one. On the other hand, that one had a lot of “mean reverting” to do so this one will probably be less convincing for awhile.
A short term top could happen at any time now considering the run we’ve had but I think there are good reasons to be very bullish beyond that and, fwiw, am all-in (and then some).
The gold chart could hardly look better…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=5&dy=0&id=p77715389516&a=566358493
Something tells me that this fork resistance will prove to be no-thing at all on Tuesday…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=8&id=p16218747735&a=566170217
One of these days whites, particularly white males, will increasingly lose their fear of being smeared with the various ‘isms’ of the cultural marxists, who are just a bunch of useful idiots for the NWO.
oops………forgot about those……like duh
https://www.zerohedge.com/news/2017-12-29/state-department-releases-2800-clinton-emails-many-which-were-classified-found
Looks like it may be time for the dollar index to continue the rally back to 95 and onto 97. Oil could get dragged down to 57 and the general market may correct a bit while gold rallies.
Gary Savage on Dollar:
https://youtu.be/oIpW9ZK34L4
A macro view of the Dollar
https://www.macrovoices.com/macro-voices-research/podcast-mp3-files/1469-macrovoices-2017-12-25-holiday-special-part2
(Macro voices download)
I agree with Gary’s bearish outlook for the dollar but not any of his commentary about the Fed.
There was a sudden drop in weed stocks: weed, acb after they went into a bubble today and I picked up both on the drops having sold much lower weeks ago and closed with a nice accumulated gain. Weed fell from 33 to about 26 and bounced back to 30.
Bagged 25% on a JNUG trade this week.
Whoa! 25% of what? $100? Big deal.
Ira’s End of Day:
https://youtu.be/dU-LNDxUbTk?t=33
Graphic: Dramatic glacier melt – NASA Climate Change
https://climate.nasa.gov/climate_resources/4
There’s nothing quite like historical photos of glaciers to show what a dynamic planet we live on. Alaska’s Muir Glacier, like many Alaskan glaciers, has retreated and thinned dramatically since the 19th century. This particular pair of images shows the glacier’s continued retreat and thinning in the second half of the 20th …
Sprott weekly/yearly wrap
https://api.soundcloud.com/tracks/376200026/download?client_id=cUa40O3Jg3Emvp6Tv4U6ymYYO50NUGpJ
Arctic Freeze Ready-To-Use Arctic Freeze Kit – Walmart.com
https://www.walmart.com/ip/Arctic-Freeze-Ready-To-Use-Arctic-Freeze…/16930282
Rating: 3.6 – 20 reviews – US$32.97 – In stock
Keep a car’s coolant system up to speed at all times with the Arctic Freeze Ready to Use Arctic Freeze Kit. It replaces lost refrigerant and oil to A/C systems and makes sure your engine doesn’t wear down from lack of coolant. The arctic freeze refrigerant kit is formulated with advanced QwikBoost chemistry that was …
#2 During the Financial Crisis and its aftermath, Americans bought large amounts of gold and silver coins as a hedge against instability in the banking system. In any given month from 2009 to 2013, the US Mint shipped over $100 million in gold coins and $75 – 100 million in silver coins to dealers for retail sale.
Demand for gold and silver coins in the US is now a fraction of those levels, averaging just $15 million and $7 million, respectively, per month in the second half of 2017. Google search volume data confirms the decline in interest, with “Gold coin” queries lower than at any point since 2004 (the start of the time series).
or give me one of them there pick up trucks with all the frills …………
Just as important, sales of large pickup trucks have been stable since 2014, growing at mid-single rates even as overall vehicle sales have plateaued. That’s a positive sign – small businesses don’t buy pickups for show. These are work vehicles, and an investment in a new one means they see business conditions remaining strong in 2018.
An interesting point on the pickup trucks purchased by businesses indicating a bet on improving business conditions
Joe Six Pack is always the last to know anything………..
Are tha majority of large pickups used for work? Out west a lot of men drive them around for vanity, the bigger the better.
You left out hauling toys. I used my F350 to haul dirt bikes, four wheelers, a snowmobile, a heavy four season camper, a single slide travel trailer and a triple slide 15,000+ lb fifth wheel. I’ve also done plenty of work with it. Such trucks don’t ride like an S-class Benz but they’re not bad. At 3.5-4+ tons, they’re also pretty safe in a collision.
True, that slipped my mind.
And, in fact, lots of agricultural and other commodities are looking good, so it makes sense that producers are buying.
For gold, the gold miners, and the silver miners, the 50 week moving averages are well above the 200 week and have been for some time. For silver, the picture is a bit different. When it finally gets its act together and confirms what we (should) already know, look out above!
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=5&dy=0&id=p80577704719
Knock knock knocking on heaven’s door…..
A couple of years too late!
https://www.youtube.com/watch?v=_90YbVEppVA
Here’s a dollar chart I posted last April. A lot of dollar bugs are gonna be very surprised by how low the dollar will go.
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=4&mn=9&dy=22&id=p10383036689&a=521095534
Going down and probably very soon…
http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=1&mn=1&dy=22&id=p26209882797&a=540071516
SILJ is at what should be significant resistance:
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=2&dy=0&id=p73558786204&a=526435188
SIL had a productive week:
http://stockcharts.com/h-sc/ui?s=SIL&p=W&yr=7&mn=2&dy=0&id=p48806190013&a=532063577
Pay Attention to this Lesser-Known Metal, Says Maurice Jackson
DECEMBER 11, 2017 #VIDEO
https://smallcappower.com/videos/videos-top-stories/maurice-jackson-rhodium/
People Should Be Optimistic About Gold, Says Jayant Bhandari
“In this interview with SmallCapPower at Mines and Money London 2017, Anarcho Capital analyst Jayant Bhandari once again shares his controversial views on topics including Africa, India, and the economic growth of China. Discover his thoughts on investing in gold and mining stocks by watching our video interview.”
https://smallcappower.com/videos/videos-top-stories/jayant-bhandari-gold-price/
Resource Stock Picks from Brent Cook
December 8, 2017 #Video
“Exploration Insights Publisher says major mining companies are spending more this year on exploration following declines each year since 2011”
https://smallcappower.com/videos/videos-top-stories/resource-stock-picks-brent-cook/
From Bitcoin To Hashgraph: The Crypto Revolution – Hidden Secrets Of Money Ep 8 – Mike Maloney
Today, mankind stands at a crossroads, and the path that humanity chooses may have a greater impact on our freedom and prosperity than any event in history. In 2008 a new technology was introduced that is so important that its destiny, and the destiny of mankind are inextricably linked. It is so powerful that if captured and controlled, it could enslave all of humanity. But if allowed to remain free and flourish – it could foster unimaginable levels of peace and prosperity. It has the power to replace all financial systems globally, to supplant ninety percent of Wall St, and to provide some functions of government. It has no agenda. It’s always fair and impartial. It can not be manipulated, subverted, corrupted or cheated. And – it inverts the power structure and places control of one’s destiny in the hands of the individual. In the future, when we look back at the 2.6 million-year timeline of human development and the major turning points that led to modern civilization – the creation of farming, the domestication of animals, the invention of the wheel, the harnessing of electricity and the splitting of the atom – the sixty year development of computers, the internet and this new technology will be looked upon as a single event…a turning point that will change the course of human history. It’s called Full Consensus Distibuted Ledger Technology, and so far its major use has been for cryptocurrencies such as Bitcoin….but its potential goes far, far beyond that.
The Crypto Revolution: From Bitcoin to Hashgraph is our latest episode of Hidden Secrets of Money. It’s about the evolution of cryptocurrencies and full consensus distributed ledger technology, and how they will change our world. I believe that this video is by far the easiest way for the average person to gain an understanding of what cryptocurrencies are and how they work, but more importantly, the immense power of full consensus distributed ledger technology and the impact it will have on our daily lives.
I have an absolute passion for monetary history and economics, and I love teaching them. Cryptocurrencies are our future, and there is no escaping it… this is the way everything will be done from now on. But, we now stand at a crucial turning point in history. Full consensus ledgers such as Blockchain and Hashgraph have the power to enslave us, or free us… it all depends on how we choose to use them. If we choose to support centralized versions issued by governments and the financial sector we will be granting them more control over our daily lives. Politicians and bureaucrats will be able raise taxes instantly, whenever they want, on every dollar you make as you make them, and every dollar you spend as you spend them. If they think the economy needs stimulating they’ll be able to enforce huge negative interest rates, effectively punishing you for not spending everything you earn before you earn it. They’ll be able to decide where you can go and where you can’t, what you can buy and what you can’t, and what you can do and whatever they decide you can’t do… and if they don’t like you, they can just disconnect you from the monetary system.
So, will the monetary system become fully distributed and help to free mankind, or will it be centralized and enslave us? The choice is in front of us right now, and our decisions will create our future. I believe that this will be a binary outcome, there is no middle ground, it will either be one future or the other. The question is, will it be the future we want? Or the future they want?
I’m a precious metals dealer and one thing I’ve learned is that gold, silver, and now free market decentralized cryptocurrencies, represent freedom. Because of this knowledge I started investing in crypto currencies long ago and also became one of the first precious metals dealers to accept bitcoin as payment for gold and silver.
I would really appreciate it if you could share this video with everyone you know. I think it’s very important that as many people as possible find out about the changes to the global monetary system that are happening right now… nothing will affect us more, and everyone’s future depends on it.
Thanks, Mike
https://www.youtube.com/watch?time_continue=198&v=SF362xxcfdk