ximmy
19th April 2016, 11:42 AM
2016 FYI... non member readers. Rambus: gold bear over, Armstrong: gold to rise
Silver should follow. Could fall a little, could "slingshot" up fast.....
Rambus:Late Friday Night Charts…Gold Ratio Chartology Quietly Suggesting a Bottom . Posted on February 20, 2016, 2:50 am (http://rambus1.com/2016/02/20/late-friday-night-charts-38/) by Rambus (http://rambus1.com/author/rambus/)
Tonight I would like to update a few of the ratio charts we’ve been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says that but the more one reads the more confused they become. There is no Holy Grail when it comes to trading the markets although everyone is looking for one. Every trading discipline has its own unique characteristics that if one has the discipline to study it long enough they may eventually get pretty good at interpreting what it’s saying. Find something that matches your own personality and through trial and error you maybe surprised at what you may discover.
Keep in mind we’re playing the hardest game on the planet to win. There are investors from all over the world that want your money and they wont’ be satisfied until they get every last penny. There are computer programs, hedge funds, you name it and they want to win just as badly as you if not more so. It’s a dog eat dog business we’re in and to the victor goes the spoils.
More: http://rambus1.com/2016/02/20/late-friday-night-charts-38/
Armstrong:
The gold stocks are really a mixed bag. Some companies will go belly-up and others will survive. Those with big debt positions should stay far away for as interest rates rise, they will get into a lot of trouble. For now, the London Gold Mines have made a seven-month rally. We have a Monthly Bearish now at 14390 while we are trading into the 14800 area down from the high. There has been no breakout and there is major overhead resistance. Caution is now advisable. It is best to take profits and reenter only upon exceeding the April high in May on a closing basis. We need to move up beyond April in order to see an August high from which we would probably see a five-month decline thereafter into January 2017. An April high would still imply a first quarter low in 2017. Ideally, 2016 should be the final low, but that could be on a closing basis. So we need to pay attention here.
https://armstrongmedia.s3.amazonaws.com/wp-content/uploads/2016/04/LDNGCM-Y-4-19-2016.jpg (https://armstrongmedia.s3.amazonaws.com/wp-content/uploads/2016/04/LDNGCM-Y-4-19-2016.jpg)
Here we have a 2011 high and a 2012 closing below the 2011 low; completely different from gold itself. Therefore, the risk of penetrating the 1999 low or creating a double bottom still exists here during 2016. It is possible that the gold stocks bottom in 2016 and we could see gold press lower into 2017 before this deflation comes to an end and interest rates start to rise when the MAJORITY begin to realize the central banks have lost all control. Then and ONLY then will everything get very interesting. (This is on the Socrates site)
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-stocks-7-month-high/
Coinflation:
Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade April 18, 2016
Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade It’s been a great year for gold investors… But another precious metal is doing even better. You know that gold has been surging & it recently “broke out” to a yearly high, signalling that a new gold bull market has likely begun. With a 16% gain, gold was 2016’s best performing asset…until this week. Yesterday, silver overtook gold as the top-performing asset. Trading at $16.15, silver is at its highest price since June 2015. It’s up 17% this year. • Like gold, silver had been in a deep bear market… Since peaking in 2011, silver had dropped 72%…far more than gold’s 45% drop. Silver’s big turnaround should look familiar to regular Dispatch readers. In February, we told you gold had “carved a bottom” (http://www.caseyresearch.com/articles/do-you-own-this-years-top-performing-commodity) and was likely headed much higher. An asset carves a bottom when it stops falling, forms a bottom for a period of time, and starts moving higher. This signals that buyers have stepped in and given the price a “floor.” It’s a major clue that the asset is ready to climb higher. Like gold, silver has now completed its carved bottom. In the chart below, you can see buyers stepped in at about $14, keeping the price of silver from falling further. This set the stage for silver’s current rally.
http://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/article_default/silver-has-carved-a-bottom.png • Silver is gold’s more volatile cousin… Like gold, silver is real money. It’s preserved wealth for thousands of years because it has a rare set of qualities. It’s durable, easily divisible, easy to transport, has intrinsic value, and its form is consistent around the world. Unlike paper dollars, which are really just IOUs of broke governments, silver is sound money. Gold and silver can protect your wealth no matter what happens to the economy or stock market. • Unlike gold, silver is also an industrial metal… It goes into batteries, circuit boards, and solar panels. Because it’s a key component in many high tech products, silver is more sensitive to an economic slowdown than gold is. As you likely know, the global economy is not healthy. The U.S. and European economies are growing slower than any “recovery” since World War II. Japan’s economy hasn’t grown in two decades. And China, the world’s largest commodity consumer, is growing at its slowest rate since 1990. Until recently, the weak global economy has hurt silver. This year, silver is acting more like a precious metal than an industrial metal. Folks who want to “hedge” against slowing economies, a shaky financial system, and erratic stock markets are buying silver to protect their wealth. • Silver is cheap compared to gold… The gold-silver ratio, which compares the price of gold to the price of silver, is near an extreme high. The higher the ratio, the cheaper silver is relative to gold. Today, the ratio is 23% higher than its twenty-year average. As you can see in the next chart, it’s only been this high three times in the past twenty years. Every time the gold-silver ratio reached the shaded area, it quickly plunged back below its 20-year average of 62:1. This suggests silver has more upside than gold at current prices. And Dispatch readers know that we think gold is heading much higher…
http://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/article_default/goldsilver-ratio-is-near-an-extreme-high.png • Gold “carved a bottom” in February… It’s now up 15% on the year. It’s trading at its highest level since February 2015. Casey Research founder Doug Casey thinks this is just the start of a historic gold bull market. Last month, Doug explained why gold is entering a “true mania.” If you haven’t read Doug’s essay, we encourage you to do so. It’s one of the most important pieces we’ve published in years. (https://www.caseyresearch.com/articles/how-you-could-make-10-20-even-50-times-your-money-in-the-coming-gold-mania) In short, Doug says we’re on the verge of a major financial disaster that will dwarf the 2008 financial crisis:
http://www.commoditytrademantra.com/silver-trading-news/silver-hasnt-flashed-this-buy-signal-in-almost-a-decade/
Silver should follow. Could fall a little, could "slingshot" up fast.....
Rambus:Late Friday Night Charts…Gold Ratio Chartology Quietly Suggesting a Bottom . Posted on February 20, 2016, 2:50 am (http://rambus1.com/2016/02/20/late-friday-night-charts-38/) by Rambus (http://rambus1.com/author/rambus/)
Tonight I would like to update a few of the ratio charts we’ve been following that are still showing an important low or bear market low is in place for gold. There are so many things we read where this analysis says this and that analysis says that but the more one reads the more confused they become. There is no Holy Grail when it comes to trading the markets although everyone is looking for one. Every trading discipline has its own unique characteristics that if one has the discipline to study it long enough they may eventually get pretty good at interpreting what it’s saying. Find something that matches your own personality and through trial and error you maybe surprised at what you may discover.
Keep in mind we’re playing the hardest game on the planet to win. There are investors from all over the world that want your money and they wont’ be satisfied until they get every last penny. There are computer programs, hedge funds, you name it and they want to win just as badly as you if not more so. It’s a dog eat dog business we’re in and to the victor goes the spoils.
More: http://rambus1.com/2016/02/20/late-friday-night-charts-38/
Armstrong:
The gold stocks are really a mixed bag. Some companies will go belly-up and others will survive. Those with big debt positions should stay far away for as interest rates rise, they will get into a lot of trouble. For now, the London Gold Mines have made a seven-month rally. We have a Monthly Bearish now at 14390 while we are trading into the 14800 area down from the high. There has been no breakout and there is major overhead resistance. Caution is now advisable. It is best to take profits and reenter only upon exceeding the April high in May on a closing basis. We need to move up beyond April in order to see an August high from which we would probably see a five-month decline thereafter into January 2017. An April high would still imply a first quarter low in 2017. Ideally, 2016 should be the final low, but that could be on a closing basis. So we need to pay attention here.
https://armstrongmedia.s3.amazonaws.com/wp-content/uploads/2016/04/LDNGCM-Y-4-19-2016.jpg (https://armstrongmedia.s3.amazonaws.com/wp-content/uploads/2016/04/LDNGCM-Y-4-19-2016.jpg)
Here we have a 2011 high and a 2012 closing below the 2011 low; completely different from gold itself. Therefore, the risk of penetrating the 1999 low or creating a double bottom still exists here during 2016. It is possible that the gold stocks bottom in 2016 and we could see gold press lower into 2017 before this deflation comes to an end and interest rates start to rise when the MAJORITY begin to realize the central banks have lost all control. Then and ONLY then will everything get very interesting. (This is on the Socrates site)
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-stocks-7-month-high/
Coinflation:
Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade April 18, 2016
Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade It’s been a great year for gold investors… But another precious metal is doing even better. You know that gold has been surging & it recently “broke out” to a yearly high, signalling that a new gold bull market has likely begun. With a 16% gain, gold was 2016’s best performing asset…until this week. Yesterday, silver overtook gold as the top-performing asset. Trading at $16.15, silver is at its highest price since June 2015. It’s up 17% this year. • Like gold, silver had been in a deep bear market… Since peaking in 2011, silver had dropped 72%…far more than gold’s 45% drop. Silver’s big turnaround should look familiar to regular Dispatch readers. In February, we told you gold had “carved a bottom” (http://www.caseyresearch.com/articles/do-you-own-this-years-top-performing-commodity) and was likely headed much higher. An asset carves a bottom when it stops falling, forms a bottom for a period of time, and starts moving higher. This signals that buyers have stepped in and given the price a “floor.” It’s a major clue that the asset is ready to climb higher. Like gold, silver has now completed its carved bottom. In the chart below, you can see buyers stepped in at about $14, keeping the price of silver from falling further. This set the stage for silver’s current rally.
http://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/article_default/silver-has-carved-a-bottom.png • Silver is gold’s more volatile cousin… Like gold, silver is real money. It’s preserved wealth for thousands of years because it has a rare set of qualities. It’s durable, easily divisible, easy to transport, has intrinsic value, and its form is consistent around the world. Unlike paper dollars, which are really just IOUs of broke governments, silver is sound money. Gold and silver can protect your wealth no matter what happens to the economy or stock market. • Unlike gold, silver is also an industrial metal… It goes into batteries, circuit boards, and solar panels. Because it’s a key component in many high tech products, silver is more sensitive to an economic slowdown than gold is. As you likely know, the global economy is not healthy. The U.S. and European economies are growing slower than any “recovery” since World War II. Japan’s economy hasn’t grown in two decades. And China, the world’s largest commodity consumer, is growing at its slowest rate since 1990. Until recently, the weak global economy has hurt silver. This year, silver is acting more like a precious metal than an industrial metal. Folks who want to “hedge” against slowing economies, a shaky financial system, and erratic stock markets are buying silver to protect their wealth. • Silver is cheap compared to gold… The gold-silver ratio, which compares the price of gold to the price of silver, is near an extreme high. The higher the ratio, the cheaper silver is relative to gold. Today, the ratio is 23% higher than its twenty-year average. As you can see in the next chart, it’s only been this high three times in the past twenty years. Every time the gold-silver ratio reached the shaded area, it quickly plunged back below its 20-year average of 62:1. This suggests silver has more upside than gold at current prices. And Dispatch readers know that we think gold is heading much higher…
http://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/article_default/goldsilver-ratio-is-near-an-extreme-high.png • Gold “carved a bottom” in February… It’s now up 15% on the year. It’s trading at its highest level since February 2015. Casey Research founder Doug Casey thinks this is just the start of a historic gold bull market. Last month, Doug explained why gold is entering a “true mania.” If you haven’t read Doug’s essay, we encourage you to do so. It’s one of the most important pieces we’ve published in years. (https://www.caseyresearch.com/articles/how-you-could-make-10-20-even-50-times-your-money-in-the-coming-gold-mania) In short, Doug says we’re on the verge of a major financial disaster that will dwarf the 2008 financial crisis:
http://www.commoditytrademantra.com/silver-trading-news/silver-hasnt-flashed-this-buy-signal-in-almost-a-decade/