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GOLD'S DROP had better Stop - right here, at $1140-45 ... GLD-$109.xx / update

 

aa_zpszv3oypz0.gif

 

+ Triple Bottom at $109-110

+ Bottom of a channel

 

(in edit):

Gold at $1146 as Janet Yellen warns that the US will have to raise rates this year

But "they will remain at a low level after the first rise"

She was speaking under a sign showing

 

Current US National Debt: $18,167,407,878,345

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Yes. we need a quick turn, or Gold could lose another $100 soon

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Gold shares and Bitcoin get pounded

On strong USD, seasonal weakness, and melting of stock fears

Prior : (05/29) (06/05) : (06/12)/ (06/26) : (07/03) (07//10) : Change / Friday (07/17) alone ===== :
Gold :1190.5 : 1171.8 : 1181.5 / 1173.8 : 1165.2 : $1163.0 ======> $1,132.3
GLD : 114.10 : 112.24 : 113.26 / 112.56 : 111.76 : 111.49 : - 2.55 % / 108.65 : -1.11 : -1.01% / 13.94 M
GDX : $19.58 : $18.83 : $18.55 / $18.09 : $17.63 : $16.75 : - 7.95 % / $15.42 : -0.73 : -4.52% / 58.60 M
Ratio : R5.827 : r5.961 : r6.106 / R6.222 : r6.339 : R6.656 : + 5.86 % / R7.046 (GLDx10.421 = $1,132.3)
Ratio: 17.16%: 16.78%: 16.38%/ 16.07%: 15.77%: 15.02%: - 5.53 % / 14.19% (GDX-x 73.43 = $1,132.3)
Gdxj : $25.68 : $24.97 : $24.81 / $24.86 : $23.84 : $22.28 : - 5.30 % / $21.10 : -0.97 : -4.40% : 13.58 M
Nugt : $11.00 : $9.789 : $9.370 / $8.620 : $7.880: $6.750 : -22.81 % / $5.210 : -0.80 : -13.31% : 30.78 M
Spdr: 715.86 : 708.70 : 703.98 / 706.EE : 709.25 : 707.58 : - 1.60 % / 696.25 = 22.39 mn oz. Gold stored
TLT- : 122.71 : 117.60 : 117.95 / 115.23 : 116.00 : 116.05 : + 2.30 % / 118.72 : +0.61 : +0.52% : 6.73 M
G/Tlt : R9.700 : r9.960 : r10.02 / R10.19 : r10.04 : r10.02 : - 4.81 % / r9.538 well Above recent Low: 8.88

===

AGS : y3,570 : y3,491 : y3,479 / y3,409 : y3,405 : y3.334 : - 2.46 % / y3,252 /6.211 x 35.274 : $14.84 / >ag $14.81
SLV- : $15.99 : $15.39 : $15.25 / $15.11 : $14.93 : $14.88 : - 4.37 % / $14.23 : -0.12 : -0.84% : 5.67 m/ -0.35 /+0.03
SIL - : $09.00 : $08.84 : $08.89 / $08.81 : $08.46 : $07.90 : - 6.33 % / $07.40 : -0.36 : -4.64% : 378,411
DBA : $21.83 : $22.26 : $21.98 / $22.71 : $23.27 : $23.07 : - 1.34 % / $22.76 : -0.19 : -0.83% : 641,667
Cop'r: $2.735 : $2.702 : $2.676 / $2.641 : $2.637 : $2.542 : - 1.81 % / $2.496 : -0.024 : -0.95% : 37,586
WTI- : $60.23 : $58.88 : $59.94 / $59.65 : $56.50 : $52.82 : - 3.86 % / $50.78 : -0.14 : -0.27% : 189,905
CRB : 223.18 : 222.53 : 223.53 / 224.90 : 224.55 : 218.25 : - 1.70 % / 214.54 : -1.01 : -0.47% :
Wheat 477.00 : 516.50 : 504.50 / 575.00 : 587.75 : 576.00 : - 3.73 % / 554.50 : -8.00 : -1.42% : 63,046
Corn : 351.50 : 360.75 : 353.25 / 385.00: 428.00 : 434.25 : - 0.75 % / 431.00 : -8.50 : -1.93% : 153,287
Sugar 0.1198 : 0.1205 : 0.1173 / 0.1194 : 0.1231 : 0.1241 : - 3.55 % / $.1197 : -.0030 : -2.44% : 56,053
BTC : 232.30 : 224.80 : 229.60 / 250.00 : 257.35 : 304.54 : - 8.32 % / $279.21 : +0.90%
B/G.: 19.51%: 19.18%: 19.43% / 21.30%: 22.08%: 26.19% : - 5.85 % / 24.66% : Well above Low at 16.56%

===
FXI - : $48.76 : $48.96 : $49.10 / $46.21 : $45.81 : $42.76 : + 0.18 % / $42.84 : +0.30 : +0.71% : 13.06 mn
ShCm: 4611.7 : 5023.1: 5166.4 / 4192.9: 3686.9 : 3877.8 : + 2.05 % / 3,957.4 : Shanghai Comp. Index.
PHM : $19.18 : $19.08 : $19.27 / $20.48 : $19.27 : $20.67 : - 2.81 % / $20.09 : -0.40 : -1.95% : 7.76 mn
IYR - : $75.25 : $73.48 : $73.76 / $72.49 : $72.55 : $73.77 : + 0.84 % / $74.39 : -0.20 : -0.39% : 10.66 mn
IWM -: 123.89 : 125.40 : 125.93 / 127.50 : 123.78 : 124.13 : + 1.31 % / 125.76 : -0.55 : -0.44% : 23.20mn
XLF- : $24.60 : $24.79 : $25.04 / $24.89 : $24.64 : $24.64 : + 3.04 % / $25.39 : -0.07 : -0.27% : 17.68 mn
XLF/S 11.65%: 11.82%: 11.94% / 11.86%: 11.89% : 11.88%: + 0.58% / 11.95% -> an early warning indicator?
SPY- : 211.14 : 209.77 : 210.01 / 209.82 : 207.31 : 207.48 : + 2.41 % / 212.48 : +0.18 : +0.08% : 81.01 mn
VIX - : 13.84%: 14.21%: 13.78% / 14.02%: 16.79% : 16.83% : -29.00 % / 11.95% >> Low for the Year: 10.28%
SVratio R15.25 : r14.76 : R15.24 / r14.97 : r12.35 : R12.33 : +44.20 % / r17.78 : range: L:12.35 - H:17.78
ShPut : $06.82 : $07.49 : $07.10 / $06.15: $07.50 : $07.39 : -45.74 % / $04.01 (SPY-sep $210p): 1.91% /L:1.91%
DXY - : 96.887 : 96.345: 94.913 / 95.399 : 95.951 : 95.777 : + 2.28 % / 97.956 : +0.30%
H-gold: R12.29 : r12.16 : R12.45 / r12.30 : r12.14 : r12.14 : - 4.78 % / r 11.56 (AU/dxy) = Old Low : 11.56
======

Big Movers : +-5%

============

ShPut : $06.82 : $07.49 : $07.10 / $06.15: $07.50 : $07.39: -45.74 % / $04.01

VIX - : 13.84%: 14.21%: 13.78%/ 14.02%: 16.79%: 16.83%: -29.00 % / 11.95%

Nugt : $11.00 : $9.789 : $9.370 / $8.620 : $7.880 : $6.750 : -22.81 % / $5.210 :

BTC : 232.30 : 224.80 : 229.60 / 250.00 : 257.35 : 304.54 : - 8.32 % / $279.21 :

GDX : $19.58 : $18.83 : $18.55 / $18.09 : $17.63 : $16.75 : - 7.95 % / $15.42 :

SIL - : $09.00 : $08.84 : $08.89 / $08.81 : $08.46 : $07.90 : - 6.33 % / $07.40 :

Gdxj : $25.68 : $24.97 : $24.81 / $24.86 : $23.84 : $22.28 : - 5.30 % / $21.10

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http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009

 

China Increases Gold Holdings By 57% "In One Month" In First Official Update Since 2009

 

China finally admitted that it had been misrepresenting its gold holdings for a very long time, when it announced that its gold holdings had increased from 38.89 million to 53.31 million troy ounces, a 57% increase "in one month."

 

..... why make the disclosure?

 

in revealing a surge in its gold holdings, the PBOC is hoping to finally.... get people buying stocks all over again.....

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Anyone else have gold falling 60 dollars in a minute to 1070 dollars at about 2.30am British time? Good to know that the free and fair gold market that we have all grown to know and love is still being tightly regulated. :rolleyes:

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Anyone else have gold falling 60 dollars in a minute to 1070 dollars at about 2.30am British time? Good to know that the free and fair gold market that we have all grown to know and love is still being tightly regulated. :rolleyes:

Detailed analysis now on ZH.

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A Smaller increase in China's Holdings than some had expected - which maybe hurt the gold price.

... along with a stronger dollar, and the fading "perceived risk" in equities (ie VIX fell fast as Greece's problems seemed to fade.)

 

Seasonally, this is often a weak time for gold, and this year's July has been no exception

 

http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009

 

China Increases Gold Holdings By 57% "In One Month" In First Official Update Since 2009

 

China finally admitted that it had been misrepresenting its gold holdings for a very long time, when it announced that its gold holdings had increased from 38.89 million to 53.31 million troy ounces, a 57% increase "in one month."

 

..... why make the disclosure?

 

in revealing a surge in its gold holdings, the PBOC is hoping to finally.... get people buying stocks all over again.....

 

 

Note: SPDR gold also fell in the latest week:

 

On strong USD, seasonal weakness, and melting of stock fears

Prior : (05/29) (06/05) : (06/12)/ (06/26) : (07/03) (07//10) : Change / Friday (07/17) alone ===== :
Gold :1190.5 : 1171.8 : 1181.5 / 1173.8 : 1165.2 : $1163.0 ======> $1,132.3
GLD : 114.10 : 112.24 : 113.26 / 112.56 : 111.76 : 111.49 : - 2.55 % / 108.65 : -1.11 : -1.01% / 13.94 M
GDX : $19.58 : $18.83 : $18.55 / $18.09 : $17.63 : $16.75 : - 7.95 % / $15.42 : -0.73 : -4.52% / 58.60 M

Spdr: 715.86 : 708.70 : 703.98 / 706.EE : 709.25 : 707.58 : - 1.60 % / 696.25 = 22.39 mn oz. Gold stored

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Clif High has been saying that the Chinese gov will revalue gold substantially higher as a consequence of the stock market crash

 

www.zerohedge.com/news/2015-07-20/case-china’s-missing-gold

 

The Case Of China’s Missing Gold

 

while many assume that the only reason China revealed (some of) its latest gold holdings is to further bolster its case for admission into the IMF's Special Drawing Right, the real reason why the PBOC may have resorted to telegraph to the world that it has much more gold is simply to prop up its markets.

"The government must rescue the market, not with empty words, but with real silver and gold,"

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Anyone seen and care to comment on this illuminating article at Henry Makow?

 

http://henrymakow.com/2015/07/Cabalist-Deception-Invades-the-Markets.html

 

I went to buy some Silver Maples today (I must be one of the "sixpack" crowd mentioned in the article!) and they'd sold out...... are we being played for suckers?? If the article is right, then I am indeed a sucker..... :(

 

The embedded article from 2013 is worth a read too... he calls out zerohedge, alex jones etc.!

 

http://henrymakow.com/2013/02/What-is-Ailing-Gold.html

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In my articles from early 2013, I proffered the theory that the globalists took advantage of the contrived, but real collapse of 2008 to promulgate new procedures, new regulations, and novel ways of thinking to usurp control of all asset markets. Thus, the financial markets were no longer going to make sense to anyone using traditional economic analysis.

For example, the Fed expanded the money supply but Gold plummeted.

. . .
There are cycles in any asset class, but the globalists produce the desired outcomes. Gold is the only possible way out of the unfolding financial dictatorship, so the globalists are making gold and silver holders miserable.

Most in the gold-bug community think the gold suppression scheme is managed primarily by US entities. But from what I can see, based on Sunday night's price action, this cartel is global in scope and all the major governments are in on it.

 

There are cycles in any asset class, but the globalists produce the desired outcomes. Gold is the only possible way out of the unfolding financial dictatorship, so the globalists are making gold and silver holders miserable.
The $50 plunge in gold prices that took place during Sunday night's trading was sourced from Asia, just before the Shanghai market open. The technical chart was instantly repainted and the damage was done as 2.5 billion USD in notional value gold was sold down from $1,130/oz. to $1,080 in a matter of a couple minutes. Obviously the seller wasn't profit driven. So count China in on the scheme, too.

Think about it. Nothing has really changed; the global debt situation seems completely untenable as it has since 2007. But the illusion of equanimity persists and the average person sleeps as gold falls.

 

- See more at: http://henrymakow.com/2015/07/Cabalist-Deception-Invades-the-Markets.html#sthash.DFhGbCnx.dpuf

Sounds right !!

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His Predictions will be sobering for Gold Bugs

 

PREDICTIONS
Gold and silver will continue to suffer for the next year or so until a meaningful bottom is put in place. My guess, looking at the longer-term monthly charts, is that gold could retest the 1980 high of 850-875. I still stick to my view from April 2013 that 1,000 will be breached, perhaps in a matter of weeks. Silver prices dropped below my $15 prediction, so we could see prices drop to 10-12/oz. If you like gold like I do, let it fall and buy in when it is ready for its next secular upward cycle, perhaps as early as 2017. But, as long as interventions like Sunday night's circus take place gold has only one way to go for now. Don't try and pick a bottom.
US Equities: Perhaps when the US Fed begins raising rates and longer-term debt suffers, stocks could tumble in a head fake, but I see money eventually pouring into US equities from around the world to escape the carnage in the sovereign debt markets. We could see tremendous gains going into 2107. Stay away from foreign equity markets as they do not have the global currency backing them up.
Currency: Remember all the silly concerns of currency wars? There have been no currency wars and the US dollar will remain king. Long live the dollar; at least well into 2017. There have never been any US currency notes recalled and withdrawn. Theoretically, the first US dollar ever printed is still legal tender, which is why it is universally accepted. It's the only one anyone can stash in the mattress.
Commodities: Take a look at the charts and don't catch a falling knife. Don't listen to Jim Rogers as that one-string banjo parrots what his handlers tell him.
Sovereign debt: Stay away.
Real Estate: Low end real estate will suffer as mortgages become more expensive. Offsetting this will be the rising rents as homeowners are displaced, unable to pay their higher priced mortgages. (Those will most likely be Alex Jones listeners). High end property could hold up better as it is the recipient of cash looking to escape the system.
- See more at: http://henrymakow.com/2015/07/Cabalist-Deception-Invades-the-Markets.html#sthash.DFhGbCnx.dpuf

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haha

Welcome anyway

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“I’m Doing Fine in a World that is Totally Surreal” ~ Jim Willie Interview

Part 2


31:10 min

JW: The elites have a lot of gold that's ill gotten.

The US and British Anglo-American axis have a lot of improperly obtained gold.

We're trying to steal Syria's gold now but Russia is helping Syria to protect it from the Bush gangsters who have their own Langley mercenaries ...

...The Voice said, "There are 7 or 8 major gold vaults in the world.... only 2 or 3 have adequate supply

Most of them are drained. We're near the end of this game."

If you don't have any gold available in vaults that service their supposed markets, then those markets are going to close.

I think you're going to see the COMEX shut down.

But he said something very interesting has happened in the last couple of years.

The western elite entrusted their ill gotten gold with certain vault providers and managers.

And they didn't realise it but they lost control of their gold and the gold got rehypothecated.

The elite western Anglo-American gold holders got rehypothecated just like they did with the Germans with their official accounts

Just like they did with the Dutch account.

So the elite westerners think they have gold but they don't because it has been sold.

So I said, "Is this to the Chinese?"

He said, "Asians, predominently Chinese, bought a lot of that gold."

The western elite didn't keep a close eye on it, as he put it

Whoa! That's intrigue!

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Here's part 1

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"The western elite entrusted their ill gotten gold with certain vault providers and managers."

 

Could we please stop calling the scum that are somehow in charge "elite"? They're far from it!

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His Predictions will be sobering for Gold Bugs

 

PREDICTIONS
Gold and silver will continue to suffer for the next year or so until a meaningful bottom is put in place. My guess, looking at the longer-term monthly charts, is that gold could retest the 1980 high of 850-875. I still stick to my view from April 2013 that 1,000 will be breached, perhaps in a matter of weeks. Silver prices dropped below my $15 prediction, so we could see prices drop to 10-12/oz. If you like gold like I do, let it fall and buy in when it is ready for its next secular upward cycle, perhaps as early as 2017. But, as long as interventions like Sunday night's circus take place gold has only one way to go for now. Don't try and pick a bottom.
US Equities: Perhaps when the US Fed begins raising rates and longer-term debt suffers, stocks could tumble in a head fake, but I see money eventually pouring into US equities from around the world to escape the carnage in the sovereign debt markets. We could see tremendous gains going into 2107. Stay away from foreign equity markets as they do not have the global currency backing them up.
Currency: Remember all the silly concerns of currency wars? There have been no currency wars and the US dollar will remain king. Long live the dollar; at least well into 2017. There have never been any US currency notes recalled and withdrawn. Theoretically, the first US dollar ever printed is still legal tender, which is why it is universally accepted. It's the only one anyone can stash in the mattress.
Commodities: Take a look at the charts and don't catch a falling knife. Don't listen to Jim Rogers as that one-string banjo parrots what his handlers tell him.
Sovereign debt: Stay away.
Real Estate: Low end real estate will suffer as mortgages become more expensive. Offsetting this will be the rising rents as homeowners are displaced, unable to pay their higher priced mortgages. (Those will most likely be Alex Jones listeners). High end property could hold up better as it is the recipient of cash looking to escape the system.
- See more at: http://henrymakow.com/2015/07/Cabalist-Deception-Invades-the-Markets.html#sthash.DFhGbCnx.dpuf

 

Interesting piece.His comment on Jim Rogers made me laugh

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I wonder where this will end.... :huh:

 

Tens or hundreds of thousands of mine workers in some of the poorest countries in the world losing their jobs as the mining companies go bankrupt and being forced into abject poverty.

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1079 and falling.

So feeble - can't even manage a bounce.

 

Bottom could easily still be 20-30% away.

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