The Downtrend Line Is The First Hurtle For Gold
Craig Hemke joins me today to touch on a number of different factors being discussed for the gold market. We start with the CoT reports and ask the question of if they even matter right now. Also the downtrend for gold has been very consistent. The chart below shows a key downtrend line that needs to be broken before we can even start to get bullish.
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Click here to visit Craig’s site for more gold market commentary.
Catch the bottom? LOL My neck is still broken from the fall!
The Fat Lady just ordered another pizza. Singing postponed.
GDM (gold miners index):
http://schrts.co/ACsmFj
I don’t think I’m going to be bragging about being a hero anytime soon.
Bitcoin Black free airdrop info click here… https://bitcoin.black/#a_aid=5b7f2d29ef46a
I have been holding gold, silver, and precious metal miners for years.
I wish I had never heard of any of these.
There are no free markets. Only Market interventions. But we knew that a long time ago. But we invested as if fundamentals mattered, or even existed.
Still singing the same old song, all away down from $33 an ounce silver in $1900 an ounce gold run run run run. There’s a greater probability that the Catholic Church will be admittingIt’s involvement and pedophilia and gold going back to 1900 anytime soon
The Gold Market Explained…
The past decade. (East vs West)
https://mobile.twitter.com/GoldTelegraph_/status/1032339413223833601
Hey Turd…………………Read this one……………
https://www.armstrongeconomics.com/world-news/corruption/connecting-the-dots-behind-the-curtain/
… Additionally, Lisa Barsoomian has specialized in opposing the Freedom of Information Act requests on behalf of the intelligence community. Although Barsoomian has been involved in hundreds of cases representing the DC Office of the US Attorney …
It’s a cover, no big deal right? What does one more attorney with ties to the US intelligence community really matter? It deals with Trump and his recent tariffs on Chinese steel and aluminum imports, the border wall, DACA, everything coming out of California, the Uni-party unrelenting opposition to President Trump, the Clapper leaks, the Comey leaks, Attorney General Jeff Sessions recusal and subsequent 14 month nap with occasional forays into the marijuana legalization mix …. and last but not least Mueller’s never-ending investigation into collusion between the Trump team and the Russians. Clapper and Comey admitted that they were even spying on Trump during the election.
Why does Barsoomian … merit any mention?
BECAUSE….
She is Assistant Attorney General Rod Rosenstein’s WIFE!
Wonder why nothing gets done……….DEEP STATE connected since 2001
I find it interesting………..that Rod R’s WIFE has to hid her real name……
hid to hide……
THis is SUCH A JOKE ON THE AMERICAN PEOPLE>>>>>>>>>>
MAYBE SESSIONS……….NEEDS TO GET THE >>>>>BOOT
https://www.zerohedge.com/news/2018-08-24/time-sessions-leave-senior-senate-leaders-say
The useless recuser.
Well, useful to someone, maybe.
Glad to hear from you……..
AXU finally looks good:
http://schrts.co/U8ovLk
Hooray for AXU!
BBB looks fine:
http://schrts.co/5KojGK
EXK looks good:
http://schrts.co/qB5NDC
Go EXK!
CDE looks good:
http://schrts.co/dj2bCK
EXN looks good:
http://schrts.co/ntH22S
Mr Hemke
You said you have a “gut” feeling China is working to exit the dollar.
RT has been reporting the step by step process for months now.
At this point American actions simply act to speed things along.
IPT is getting there:
http://schrts.co/UssjtD
As mentioned by Charles at the low, KTN has a very favorable risk/reward profile:
http://schrts.co/Pk4TDE
USA/USAS looks very good:
http://schrts.co/d6oPwi
Wide angle:
http://schrts.co/7ihq5f
Matthew, glad to hear CDE and USAS are finally looking good. Which do you you prefer?
And what think you of NGD? That might be a 50-bagger if they get their act together at the new mine and bring Blackwater on line in 3 years with gold at 5K.
Both are going to do extremely well but I think USAS will beat CDE during the next run higher.
I don’t follow NGD but it looks like a great opportunity to me. I would have no problem buying first and doing my due diligence later.
http://schrts.co/bv3CV3
Thanks, Matthew. Last week Rick Ackerman said his target for NGD was .94, but so far .99 is the low. If Rainy River works out its bugs and Blackwater is built with the cash flow this company could produce a million oz. a year in several years and mint money. The leverage is awesome. You could buy it down here and treat it like an option that does not expire.
I wonder if it has call options?
Yes, options are available for NGD 😮
Wow! Talk about leverage! But I don’t sleep well with the option clock ticking.
You ETFers are having a good day. This looks like a bottom — and a significant one at that:
http://schrts.co/EBxFBL
Thank you Matthew. I always appreciate all the charting you provide
You’re welcome. The high quality, internationally well-diversified, 44 year-old USERX also looks good: http://schrts.co/nSSJGT
“Fibonacci retracements are often used to identify the end of a correction or a counter-trend bounce. Corrections and counter-trend bounces often retrace a portion of the prior move. While short 23.6% retracements do occur, the 38.2-61.8% covers the more possibilities (with 50% in the middle). This zone may seem big, but it is just a reversal alert zone. Other technical signals are needed to confirm a reversal. Reversals can be confirmed with candlesticks, momentum indicators, volume or chart patterns. In fact, the more confirming factors the more robust the signal.”
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
US IS FURIOUS AS MORE AND MORE STATES END DIPLOMATIC TIES WITH TAIWAN IN FAVOUR OF CHINA
Just pointing out the process of China exiting the dollar is happening now.
American influence is waning, time for a world reserve currency change.
Thank goodness.
SHIFT IN MILITARY ALLIANCES: AMERICA DECLARES WAR ON TURKEY? #NATOEXIT?https://southfront.org/shift-in-military-alliances-america-declares-war-on-turkey-natoexit/
I wonder if the americans have figured out that a coup in Turkey was a bad idea?
Very interesting comments during this period of transitiong from the US reserve currency responsibilities. Resets of currencies and systems may be the wave of the future amd what comes out the meat grinder on the other side may be somewhat foreign in these days of computer generated options. I don’t have a great feel for whose algo is actually controlling our markets or what sovereign or what private central banking system or which criminal is orchestrating the overall performance of markets….so I would not rule out Craig’s theory. If he is correct, I hope somehow the playing fields get leveled so markets can again be participated in by all and not just insiders and elites.