Market Sentiment shifting

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2 years 10 months ago #208 by Gambler
Gambler replied the topic: Market Sentiment shifting
Great articel here by Michael Ballanger, he compares this recent gold bear market to the one from 1974 to 1976. He says it is the only other bear that compares in terms of misery.

I don't know about the 1970s one but this one has been miserable - you can probably come up with a worse term.

Some excellent charts

www.theaureport.com/pub/na/patiently-cli...-the-new-golden-bull

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2 years 10 months ago #193 by Gambler
Gambler replied the topic: Market Sentiment shifting
Gold comes to the rescue again. Venezuela is in bad shape and further more with the oil price decline. Many expect it is only a matter of time before they default. They sent $1.3 billion worth of gold bars to Switzerland in January, according to data from the Swiss Federal Customs Administration.

This was no doubt to make debt payments
money.cnn.com/2016/02/25/news/economy/venezuela-gold-debt/

It now sounds like they came up with another plan to sell their Gold in the ground by resolving a dispute with Gold Reserve over the Brisas mine. This plan would inject $5 billion into the country by paying lenders back with Gold mined from Brisas.

If Venezuela can turn Gold in the ground into dollars, certainly some of these junior Gold companies should started getting some respect!!!!
www.bloomberg.com/news/articles/2016-02-...hts-to-avoid-default

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2 years 10 months ago #190 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Good interview here with Eric Sprott
When I look at the $8 billion that’s gone into gold funds this month, you couldn’t begin to get that into silver in a year! There’s only 25 million ounces of silver on the COMEX and that’s worth only $400 million; you’d clean out the COMEX! I think only 20% of silver is available for investment, so that’s only 160 million ounces [annually].- Eric Sprott, The Daily Coin -

See more at: thedailycoin.org/?p=64371#sthash.hw335BWh.dpuf

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2 years 10 months ago #174 by RonS
RonS replied the topic: Market Sentiment shifting
Fascinating story about Reagan and Gold today

One of the most remarkable campaign videos of the primary season has been on the air in Nevada in support of Senator Cruz. Headlined “Finish the Reagan Revolution,” it shows Ronald Reagan warning, as he was campaigning for president in 1980, of how the betrayal of the gold standard in the 1960s led to the inflation that was then destroying the American economy. He warned that we’d never regain price stability until we restored some form of gold backing to the dollar.

www.nysun.com/editorials/ronald-reagans-gold/89464/

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2 years 11 months ago #151 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Thanks for the pic tip.

At Kitco Technically, April gold futures prices closed nearer the session high. Bulls gained fresh upside technical momentum today. Prices are in a two-month-old uptrend on the daily bar chart and bulls have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,263.90.

www.kitco.com/news/2016-02-18/Gold-Ralli...Stocks-Sell-Off.html

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2 years 11 months ago #149 by RonS
RonS replied the topic: Market Sentiment shifting
Hey, while you guys are looking so good, Gold was up $15 on Comex and Spot up over $20. Interesting Yen was up too, but not very much. Maybe see if I can find a nice pic too

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2 years 11 months ago #146 by Gambler
Gambler replied the topic: Market Sentiment shifting
Ok, I fold, your pic is way better :)

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2 years 11 months ago #145 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Thanks Gambler pretty easy

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2 years 11 months ago #144 by Gambler
Gambler replied the topic: Market Sentiment shifting
Its easy, just click on profile under $$lounge than there is an edit button to right, click that and than on the Avatar and you can up load a pic

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2 years 11 months ago #143 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Nice pic Gambler, how did you upload it
BTW I think that map was for the article under the Economy Topic, but nice job non the less

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2 years 11 months ago - 2 years 11 months ago #142 by Gambler
Gambler replied the topic: Market Sentiment shifting
I like the map, I think I figured out how to post it here

The red is 0% up to the lightes that is 15%
Attachments:
Last Edit: 2 years 11 months ago by Gambler.

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2 years 11 months ago #141 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Check this out, very strong correlation to Gold and the Yen, Recent Gold price rise is because of Yens fall and how the computer trading adjusts, a very good argument

www.tfmetalsreport.com/blog/7451/illegitimacy-comex-pricing

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