Don’t Give Up – Gold Is headed For A Big Move Higher

Bill Murphy: Don’t Give Up – Gold Is headed For A Big Move Higher By Interviewed by Investing News 2 days ago 3454 Views No comments Nov 14, 2018 Bill Murphy of the Gold Anti-Trust Action Committee (GATA) interviewed by Investing News Bill Murphy, chairman of the Gold Anti-trust Action Committee (GATA), believes an explosive move in gold and silver prices is in the cards — but not before manipulation comes to an end. “This past year and years have been so frustrating because other assets have soared … the stock market, the cryptocurrencies, art, real estate. And gold and silver have just been in the weeds,” he said on the sidelines of the recent New Orleans Investment Conference. “From our standpoint … it’s all because of the gold cartel,” Murphy continued. “The government’s going to use all this quantitative easing, they’re going to budget deficits, debt’s going to go like crazy, interest rates are going to go to … Continue reading

Two Investment Opportunities You Don’t Want To Miss

November 7, 2018 By Dudley Pierce Baker   Let’s face facts, these precious metals markets have been devastating over the last several years. Some of you receiving this email have been previous subscribers to my services. I understand your frustration but the times are a changing and it is time to be positioned to capitalize on the next big up move in the resource sector. In my personal portfolio which is viewable by my Gold and Lifetime Subscribers you can see all of my positions, whether common shares or stock warrants. I trust this information is valuable to subscribers and while I am not privy to exactly when these markets will turn strongly to the upside, however, I do know a good deal when I see one. And now I am seeing two awesome situations. My current subscribers are aware of these situations. Yes, two great deals with Gold companies … Continue reading

Rocket Time For Gold

Note from Dudley Pierce Baker, Founder-Editor, and I first saw this article on and thought it would be of great interest to all resource investors. I suggest you read this carefully, particularly #13 below, ….“An annoying decline from $1320 to $1180 was required to give ultimate symmetry to the massive inverse head and shoulders bull continuation pattern shown here….” If I can be of assistance, visit my websites above.   Stewart Thomson email: email: email:   Oct 16, 2018 With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play? Please click here now. Double click to enlarge this daily gold chart. What began innocently as a bullish non-confirmation between gold-USD and yuan-USD is now a powerful rally fuelled by positive action in … Continue reading

New Era As Canada Enters Cannabis Legalization; Workplace Implications Outlined

By Jim Bentein Wednesday, October 17, 2018, 7:05 AM MDT     A senior manager of a company specializing in drug and alcohol testing at worksites says he’s concerned about impediments to implementing legislation and practices that will prevent workplace deaths. Provinces across Canada enter a new era today with the legalization of cannabis. It’s something industry has been preparing for, for some time. Dan Demers, who specializes in drug and alcohol testing for CannAmm Occupational Testing Services, which has offices in Edmonton and North Bay, Ont., said he doesn’t believe governments have taken enough steps to protect Canadians, at worksites and on roadways, as marijuana becomes legal countrywide today. And Demers thinks the sheer size of the marijuana sector, with companies such as Canopy Growth Corporation having stock market capitalizations in the billions, will prevent governments from moving ahead on needed legislation and marijuana research. “I worry that the cannabis producers will outspend energy … Continue reading

US Equities Mount Impressive Early Recovery

October 16, 2018 Chris Vermeulen As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires.  This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week’s price collapse.  We’ve read everything from warnings of a $20 trillion dollar collapse to seeing Bloomberg’s SMART INDEX chart showing equity valuations are near historic market bottoms.  It seems everyone wanted to get out and share their opinions – I guess we are no different. The facts still remain the same, until the global market dynamics change and the US equities markets break the defined price channels that have been well established, we do not see any reason to consider a 6~8% correction life-threatening.  In the total scope of the price range, this move represents less … Continue reading

Technology Sector Set For A Rebound?

October 15, 2018 There has been quite a bit of chatter about the FANG stocks recently.  In fact, the entire Technology Sector has taken a beating over the past 30+ days.  Our research team, at Technical Traders Ltd., believes the Technology sector is setting up for a 15%+ price rebound from these recent lows and we want to alert our followers to be prepared for this move. Let’s start by taking a look at a 1 Month S&P Heat Map showing just how distressed certain sectors are in terms of price valuations.  The Brighter Red highlighted symbols represent a price decrease of at least -6.7% to well above -10% over the past 30 days.  It is pretty easy to see the entire Technology, Technology Services, Financial, and Consumer Goods sectors are all under some pricing pressure.  What interests us is we call the “capital shift” that has been taking place over the … Continue reading

Keep A Proper Perspective About This Recent Move

October 14, 2018 There has been quite a bit of information and opinion in the news recently regarding the recent downside price action in the US Equities markets.  We’ve seen everything from “The sky is falling” to “The markets will rally into the end of the year”.  If you’ve been following our research and analysis, you already know what we believe will be the likely outcome and if not – keep reading. There are a number of key components of the global economy that are of interest currently; US Treasuries, Precious Metals, Emerging Markets, the European Union, Trade Issues and Capital Shifts. When one considers the scope of the entire global market environment in terms of these individual issues, a fairly clear picture of what is really happening begins to take shape.  Here is our summarized opinion of the current state of the global markets. Capital is shifting (again) as … Continue reading

Chile environmental court orders Barrick to close Pascua-Lama gold mine

By Reuters

SANTIAGO, Oct 12 (Reuters) – Chile’s environmental court on Friday ordered Canada’s Barrick Gold Corp to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga.

The court, sitting in the northern Chilean city of Antofagasta, approved by two votes to one the closure of the polemical project that straddles the Andes Mountains between Chile and Argentina.

The gold and silver operation was put on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that ballooned to $8.5 billion.

Barrick was told to close the mine by Chile’s environmental regulator in January this year and fined $11.5 million. Friday’s court ruling rubber-stamps that order.

Barrick, the world’s largest gold miner, did not immediately respond to a request for comment.

(Reporting by Antonio de la Jara; Writing by Aislinn Laing; Editing by Rosalba O’Brien)

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Asia Gold-High prices deter buyers ahead of India festival season

By Reuters

MUMBAI/BENGALURU, Oct 12 (Reuters) – Physical gold demand in India was subdued this week as a rally in domestic prices curbed retail purchases going into a key festival season, while buying remained lacklustre in other major Asian hubs.

In the Indian market, gold futures this week touched their highest since July 2016 at 32,014 rupees per 10 grams.

“Usually retail buying rises during Navratri (Dussehra) but the price rise is dampening demand,” said Chanda Venkatesh, managing director of CapsGold, a bullion merchant based in the southern city of Hyderabad.

Dealers in India offered a discount of up to $6 an ounce over official domestic prices this week, down from last week’s $6.50, which was the highest since mid-June. The domestic price includes a 10 percent import tax.

“Jewellers want to make purchase for Diwali but they are waiting for a price correction,” said one Mumbai dealer with a private bullion-importing bank.

Demand usually strengthens toward the end of the year as the traditional wedding season kicks in and as the country celebrates major festivals including Diwali and Dussehra, when buying gold is considered auspicious.

India’s gold imports in September dropped more than 14 percent from a year earlier as demand was dented by a rally in local prices because of a depreciating rupee, according to provisional data from precious metals consultant GFMS.

Neighbouring Bangladesh, which approved its first gold trade policy last week, should register a boost in exports of ornaments because the policy proposes several incentives for increasing jewellery exports, including tax benefits, said Cabinet Secretary Shafiul Alam.

Meanwhile, global benchmark spot gold prices were on track to register their best week in seven as tumbling global stock markets sent investors rushing to the safe-haven asset.

In China, markets opened after the Golden Week festival and premiums ranged between $4.50 and $8 an ounce, versus $6.50-$8 in the week ending Sept. 28.

Premiums in Hong Kong rose to $1-$1.50 from between 70 cents and $1.30 last week.

“This week there was some fresh buying interest around the $1,185-$1,190 level. But with prices now up $30 dollars, the physical market may be quiet for a while,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

In Singapore, there was limited safe-haven buying, said Ronan Manly, precious metals analyst at Singapore-based dealer BullionStar.

Premiums of 80 cents to $1.20 were charged in Singapore, little changed from between 80 cents and $1.30 previously.

“We will see buying during the upcoming Diwali festival, as there is an Indian community in Singapore,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.

In Japan, prices were on a par with the global benchmark, a Tokyo-based trader said.

(Reporting by Sumita Layek and Vijaykumar Vedala, Ruma Paul and Rajendra Jadhav; Editing by Arpan Varghese and David Goodman)

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Gold Makes Bullish Breakout as Investors Fear Higher Interest Rates $GDXJ

By Jeb

Its been a great week for the beaten up gold investors as capital sought safety as a market panic started. In reality, the stock market was way overbought and needed at least a shakeout which it has done pulling back to the rising 200 DMA. For months I have been early seeing declining momentum and insider selling in the Large Caps. Despite that the share price of large cap equities continued into nosebleed territory. I was taught years ago that the smart investors sell into rising markets and buy into declining markets. That’s how the intelligent investors get in early. You can witness this phenomenon possibly through the divergence between momentum and price as we see in chart below. The trend is a friend until its broken on huge volume. During this week’s market selloff gold remained the true safe haven not crypto as was promoted by the young 20 year old know nothings.

If that moving average does not hold then the 7 year bull market in the S&P 500 could be ending. This fear has helped the beaten down Junior Gold Mines ETF (GDXJ) make a reverse head and shoulders breakout crossing above the 50 DMA and closing above 3 month downtrend. Since the selloff in mid August Momentum has been increasing which usually happens before a classical technical breakout. Smart money buys when prices are declining and before a turning point you can see momentum increasing. When you take inflation into account gold is the cheapest its ever been.

What is causing all this ruckus in the markets? All eyes are on US interest rates which have been dangerously rising to levels not seen since before the 2008 credit crisis. The Chinese may be already selling bonds to fight against Trump Trade Wars. Rising interest rates are already hitting transportation stocks especially auto makers. Soon I expect housing and real estate to get hit and then possibly the banks. Avoid margin debt and adjustable rate loans in this financial environment.

During this brutal bear market in gold and silver as investors chased fake and ridiculous fads, I have maintained my faith in positioning in high quality and well managed junior miners with the ability to survive. Don’t let these manipulated and crazy markets shake you out especially when the fundamentals for gold have never been better. There is about to possibly start a massive short covering in gold if we can possibly hit $1250. This recent summer capitulation combined with record short position on gold could cause a dramatic move once the tides start reversing which may have started this week.

Any more panics or black swan events could cause a possible $100 move in gold. Recently the emerging markets especially in South America, Asia and Mid East are struggling with crashing currencies. JP Morgan CEO Dimon says rising interest rates, declining emerging markets and geopolitical flareups could possible derail the economy.

For months I warned about rising rates and possible margin calls from investors overextended. The USA has a major student loan crisis that could be even bigger that the housing bust.

How am I focusing my holdings? I’m looking for new gold and silver discoveries that could gain recognition from major investors. Exploration has been ignored for years and that is where I see greatest opportunity.

1)I’m interested in the Pilbara Gold Rush in Australia and have been following Pacton Gold $PAC.V $PACXF which is still relatively unknown but could be on a fast track to a discovery. They released news this week which you should read by clicking here… Exploration is underway on two properties. They just acquired more land around Novo $NVO.V and with just a $34 million market cap they have become one of the largest land holders in the Pilbara.

2)Check out $ $tsrmf which I bought some this week which is possibly the most undervalued gold developer in Canada right in Ontario between Goldcorp’s Red Lake and New Gold’s Rainy River. Cash costs could be the lowest of advanced Canadian Developers! Could move higher as gold price improves. Takeout target?

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For informational purposes only. This is not investment advice. May contain forward looking statements.

Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit. Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers …read more