Here are our thoughts on the weakness in gold
Dave Erfle, Founder of the Junior Miner Junky joins us to share his thoughts on the weakness in gold heading into the end of the month. We look at the shorter term charts, which are now oversold, and look to the long terms chart for key support. Also a couple trading strategies for the stocks which continue to drift lower.
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…US left to its own devices.
There was no intimation by anyone at the FED THAT A RATE HIKE WAS EVEN CONSIDERED A POSSIBILITY IN 2022
I think there are very, very few companies that are basing their going forward with an $1800 gold price. Most are basing their going forward on $1200-1500 basis
Hogwash, fund managers going on vacation is a pre 2005 concept. Everyone has an iPad or better watching markets daily or you’d better be or your job is on the line
I agree. Gold will be much higher by the time companies base their actions and assumptions on 1800 gold.
long FUV
Lots sheeple everywhere will think this is a good idea:
https://www.yahoo.com/money/house-democrats-propose-government-run-credit-reporting-system-194943545.html
The Dems want to provide credit to all those immigrants who have no assets, no credit rating and poorly paying jobs. That would be a lot of new money into the economy, which could be good…And provide a whole new group of loyal voters for those Dems.
That’s your programming talking. What you are saying is that the American people should be forced to make loans to people who couldn’t otherwise get them and then eat the inevitable defaults. It’s like getting taxed twice since the inflation that would result from the initial loans is a tax just as covering the defaults would be.
Your logic is unsound from a moral standpoint as well as an economics one. The government has no money to loan without conjuring it up out of thin air. The Crimes Act of 1790 made counterfeiting a capital crime for a reason and it had nothing to do with being jealous of a neighbor obtaining wealth he didn’t deserve. It was in fact to prevent the monetary system that we have now been saddled with for the last century. Central banking could not be more contrary to this country’s founding principles and is the single most destructive institution in any country if you value your natural rights and sustainable prosperity.
However, the item I linked to had nothing to do with making loans. The proposal is for the government to take over the credit ratings system, not to extend loans. In light of all the censorship of the last year+, only a sheep would miss the the obvious purpose of such a scheme. Those who agree with the government’s propaganda would be rewarded with credit scores they don’t deserve and those who don’t would have have their scores reduced or worse. This has already been written about in the mainstream media and is in use in China. The most powerful people in the world are behind this totalitarian control of every individual and the strides they are making quickly are made possible by a smokescreen of political correctness and everything covid related. That’s why censorship is at a level never seen before in this country. The biggest threat to the biggest lies is the truth and they know it.
Sounds like another Banker plot.
It comes down to those who own the central banks. These people are not really bankers at all and constitute the real “deep state” or what I call the shadow government. They risk none of their own capital and don’t perform any of the traditional risk-mitigation that legitimate bankers do. Their destructive activities are underwritten by billions of unsuspecting sheeple worldwide.
Mandatory reading (for starters):
https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
Agree. The banks are the professional criminal mules for the bosses of the crime syndicates.
Ditto on…… the TRUTH………..
and DITTO………. on Mandatory reading……… anyone playing in the metals, should know about the fraud……coming out of JEKYLL…
The GOP, Bush and their cronies were responsible for previous scams. This is just the Dems way of rorting the system.
That “thinking” is what makes you 100% sheep. And I am not defending the GOP, Bush and cronies which I’m sure you would have assumed had I not addressed it.
George W called Bill Clinton his “brother from another mother.”
George W said Hillary Clinton is like “my sister-in-law.”
George W. Bush thinks it’s a ‘problem’ that people can’t understand his friendship with Michelle Obama
Michelle Obama and George W Bush share the sweetest bond — USA TODAY 🤢
https://hips.hearstapps.com/hmg-prod.s3.amazonaws.com/images/first-lady-michelle-obama-hugs-former-president-george-w-news-photo-1618850427.?crop=0.464xw:0.696xh;0.289xw,0.204xh&resize=640:*
All presidents serve the same agenda and the above ridiculousness isn’t the proof; their actions are.
The way I can spot zero dif between dems and the gop is their foreign policy never seeming to change.
And both are perfectly fine with the catastrophic Marxist monetary system that was forced on the country during the Woodrow Wilson administration. The Federal Reserve was absolutely the result of a conspiracy. Ignorance is bliss.
Money Talks.
+1 Matt
The corruption and dishonesty in todays society is so rampant it effects every aspect of life.
The Media is atrocious!!
Shorts may have reloaded.
Check out this article from The Motley Fool:
5 Dividend Stocks to Buy Hand Over Fist for the Second Half of 2021
https://finance.yahoo.com/m/29d746c8-5a56-3225-975d-1ad50dd072ab/5-dividend-stocks-to-buy-hand.html
EPD is likely to FALL for the second half of the year. I was a buyer last October in the 14-16 area and said so here. Now it is over 24 and technically ready for a long fall or at least a multi-month consolidation IF oil does not pull back meaningfully (and it probably will). The big boys use THEIR media to create advantageous exits and entries. We’re seeing the latter right now in our gold-related stuff.
Good call on EDP. I’ll pat you on the back for that, no need to do it yourself. Now that it’s over $24 will you sell it to a sheeple or will you sell it to another billy goat like yourself?
Michael Boutros on Gold (35:05) : https://www.youtube.com/watch?v=euwCu_0zayw
Nibbled on a little of EXN, AXU, and Glen’s favorite, IAG. Took a new position in AUY after being out of it for months. Pullbacks taste so good.
I sold some AUY puts recently and will likely become a shareholder at expiration tomorrow, at slightly higher price but I’m okay with it.
I liked your idea to nibble just a little last Friday on the short side of the market. But, felt you might be a week early as the weeks before a long holiday tend to be positive and maybe some end of month/quarter window dressing. I plan to nibble the short side in the next couple of days…………
Chris, good thinking. The monthly MACD is at levels I’ve not seen in over 20 years—it is vastly overbought. Something has to give fairly soon.
Good finish with more miners participating. Sign of hope or just another day. We will see…
Dollar topping? : https://tinyurl.com/82avjdx8
Canada Day July 1. I am not sure what that means for the miners but that means