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Really Nice Bottom in Silver – Maybe
Posted on December 14, 2014 by The Doc
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Is $14.10 all she wrote for silver bears?
Technically, we cannot yet confirm this; however, I must admit that this particular bottom does appear rather alluring…
Submitted by Joe Russo, EWT:
If you’re wondering whether silver has finally bottomed, just hang on because in a minute, we’re going to outline the 3-essential criteria points that will determine if this is going to be the case or not.
Is $14.10 all she wrote for silver bears? Technically, we cannot yet confirm this; however, I must admit that this particular bottom does appear rather alluring.
Don’t get your shorts all twisted in a bunch just yet people. Remember, you don’t want to fall prey to every pretty-looking bottom that comes along now, do you?
Dang, that is a super nice looking bottom though, isn’t it? How can we know for sure? What if this truly were “the bottom,” the one we’ve been waiting for so desperately?
http://www.silverdoctors.com/wp-cont...ver-bottom.png
Listen, I am fully aware that there are an awful lot of aloof stackers out there who just assume ignore charts and paper prices. Their thinking, and to a certain extent rightly so, is that the paper price is rigged so why bother – just keep exchanging worthless paper for a real tangible asset and forget about it.
In a future article, I shall endeavor to reveal that at the end of the day, whether you like it or not – rigged or otherwise – that the paper-price of everything, which includes silver and gold – matters – to everyone.
For now, with regard to paper-prices and rigging, let’s just set all such aloofness aside and ponder what it would take to confirm that $14.10 is indeed “the-bottom” that stackers have been longing for.
3-Essential Criteria to Confirm a $14.10 Bottom in Silver
- Obviously, the $14.10 level must hold the print low.
- From and Elliott Wave Perspective, in order to maintain an impulsive price pattern, the $16.68 level should not be breached going forward.
- The current rally should extend to or beyond $19.26, and thereafter, the old bear market low of $18.18 should become rock solid support.
If any one of the above criteria fails to hold muster, then lower lows remain plausible. After all, we must remember that we are still dealing with a long-term bear-market condition here.
Until the price-action confirms by meeting all of the above criteria, a long-term bear market it shall remain – so don’t take profits on your long-term paper-shorts just yet.
http://www.silverdoctors.com/really-...be/#more-49228
http://www.graceland-updates.com/ima...15jan6gdx1.png
http://www.silverdoctors.com/wp-cont...ina-dragon.pngAmerica is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program.
This would allow China’s currency to become a competitor with the dollar.
Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.
- In late 2013, I predicted the Fed would taper its QE program to zero, and the first taper would cause gold to rally, stunning the Western gold community. I also predicted the taper would turn the US stock market into a “wet noodle”. That’s what happened.
- In 2015, I expect the Fed to hike rates sooner than most analysts expect, and I’m predicting that gold rallies on these rate hikes, and global stock markets take a horrific beating. I expect the stock markets of India and China to recover from that beating, but not the American market.
- Despite yesterday’s mini-crash, I don’t think the American stock market is pricing in the reality of the coming rate hikes.
- Please click here now. That’s the daily Dow chart, and it’s off to a terrible start this year.
- The “January indicator” that I use focuses on the first week of trading during each year. If the Dow ends that first week on the downside, it can indicate the entire year will be negative.
- That’s because how the Dow trades during the first week of January is a very good barometer of how institutional money managers are adding or withdrawing risk capital, with a one year outlook. So far, their outlook is very negative.
- Please click here now. That’s the monthly Dow chart. I would not be a buyer of the US stock market, unless the Dow declined to the 14,000 area, and even then I’d only be a light buyer.
- Please click here now. I’ve argued for years that the US government is more interested in the corporate stock market than the real unemployment rate, because large corporations provide a lot of money to get politicians elected. Those corporations benefit from higher stock prices. Some analysts believe the stock market can only crash when the public is heavily involved, but I would argue that the hedge funds are the “new era” public, just as robots and computers are becoming the workers of the new era.
- Rig counts are beginning to drop in US oil fields, and large layoffs are likely coming, yet the government continues to boast that more restaurant jobs are being created. Clearly, America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
- When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program. This would allow China’s currency to become a competitor with the dollar.
- Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.
- Please click here now. That’s the daily oil chart. The price has arrived at my short term $49 target area.
- I think oil may trade under $30. Rate hikes and a peak in the US business cycle could keep it there for a long time, which is fabulous news for gold mining companies.
- At the start of December, the Indian central bank killed the 80-20 gold export rule, and gold immediately soared about $100!There are strong rumours that the Modi government may be only about 48 hours away from making another major announcement, directly relating to gold.
- “The Union Commerce Secretary Rajeev Kher has scheduled a meeting on Jan. 7, which will be attended by representatives from country’s finance ministry, the Gems and Jewellery Export Promotion Council (GJEPC) and the Reserve Bank of India (RBI). According to reports, the government intends to extend the ‘Make in India’ campaign into gold sector.” –Resource Investor News, January 5, 2015.
- Indian gold demand is the elephant in the gold price discovery room, and that elephant is beginning to “stand up and take charge”. “The recent survey conducted by the country’s leading credit rating agency ICRA Ltd shows that the gold jewelry demand in Indian domestic market is poised to witness 10% growth in 2015.” – Scrap Monster News, January 5, 2015.
- Dramatically lower fuel costs, coupled with higher demand for gold from China and India appear to be creating a huge “win-win” situation, for Western gold stock investors!
- Please click here now. That’s the daily GDX chart, and the fundamental price drivers are creating a very bullish technical picture. Note the buy signal in play on my 14,7,7 series Stochastics oscillator. Volume is bullish. A two day close above $20.50 could ignite a powerful rally, to the $28 area.
- Please click here now. That’s the GDXJ chart. I think most analysts are underestimating the dramatic effect that low fuel prices and surging Chindian demand can have on the price of junior gold stocks. Naked shorting should soon be replaced by “institutional respect” for gold stocks, and that includes the junior sector.
- The reason most gold bears have been so wrong about gold crashing in 2014 and 2015, is because they are excessively focused on technical analysis and the US economy. They also appear to be almost clueless about key events occurring in India and China.
- Going to war with only one weapon is an act of madness. It’s the same thing with investing in gold. Investors who stare at charts and just trade gold rather than embrace it as the ultimate asset, are likely to fail miserably, in the long term. That’s because charts don’t make fundamentals. Fundamentals make charts. The bears learned that the hard way, when the Indian central bank killed the 80-20 rule. They may be about to get another brutal lesson in gold market fundamentals, if the Modi government openly embraces the gold jewellery industry in the next 48 hours.
- The gold jewellery sector is the second largest employer in India, and gold is a key part of the Hindu religion. Simply put, the Western gold bears and their ridiculous chart patterns are no match for the “shock and awe” power of a billion Hindus, whose thirst for gold is…. insatiable!
- Please click here now. That’s the daily gold chart. Note the Stochastics oscillator buy signal in play now. Note the “bull era channel” that I highlighted. In the very short term gold will continue to move erratically, in response to key economic data like the upcoming jobs report on Friday. In the bigger picture, the rise and consistency of Chindian demand should create a stable and modestly rising price trajectory.
- Please click here now. That’s the daily chart for silver. Note the nice buy signal in play on my Stochastics oscillator. The bull channel is steeper than the gold channel, and that’s normal. Silver tends to rise more strongly than gold does, when both are in an uptrend. Bullion expert Koos Jansen has apparently reported that silver trading volume on the Shanghai market exceeded that on the COMEX in 2014. I’ve predicted that gold will meet the same “fabulous fate” by 2017. Silver’s price tends to be determined by the gold price, and as gold trading volume in Shanghai (and Dubai) begins to overwhelm the COMEX, both gold and silver investors can probably look forward to many happy years, of higher prices!
Special Offer For Website Readers: Please send me an Email tofreereports4@gracelandupdates.com and I’ll send you my free “Short The Dow, And Buy Gold Stocks Now!” report. I highlight the key Elliott Wave charts for the Dow and Gold Stocks from my associate and professional engineer, “Captain Ewave”, and show why the Dow could soon suffer 1000 point down days, while oil plunges and gold stocks surge. I’ll include Ewave analysis of key gold stocks!
Thanks!
Cheers
st
Stewart Thomson
Graceland Updates
http://www.silverdoctors.com/stewart...-revalue-gold/
Wealth Watchman: The Great Financial Tsunami is Still Coming For the Banksters!
Posted on January 6, 2015 by The Doc
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For nearly 4 years now, the Fed, BIS, Bank of England, etc have moved heaven and earth, to heap burning coals upon silver investors, and have done the same to gold investors for 3 years. They’ve done everything in the book to dislodge us, to eradicate us, to dissuade us…And they’ve failed.
These people have done all of this, just to keep the Money Power a tiny space longer.
Let’s face it: 3 or 4 years, in the grand scheme of human history, is a blink, it’s nothing.
The central planners behind the massive con, and the international, monetary ponzi scheme, have bought another 1,000’ish days.
Then what do they do?
The Great Financial Tsunami, which nearly washed them all away in 2008 is still coming for them, and it is higher than ever.
The storm wall they’ve spent 5 years building, in order to protect themselves from the wrath of the coming storm, is laughably inadequate.
Submitted by The Wealth Watchman:
First of all, happy new year to all my shield brothers out there! All of you in this community have made this year such an amazing one for me, that I have to say, “thank you!” for it. As long as you keep sticking around, I’ll keep trying my best to patrol this wilderness of financial fraud, and fight for truth, beside you.
I know it’s been a difficult year for stackers in some ways, and a gift in others. Nevertheless, it is that time again, and as another year goes into the history books, and a new, living year is about to begin, I thought I’d take stock of where we’re at on the larger picture for gold and silver.
Now, unsurprisingly, both of our metals are somewhat down for the year, for the 2nd year straight, and it seems, for psychological reasons, that our enemy is keen to make both of them close red yet again, which suites me just fine!
The banksters haven’t stopped there though! They’ve ramped up the Dow Jones to its tip-toppiest, bubbliest high notes for the year, while every, single item in the commodity sector is being jack-hammered into the earth’s core. They’re bound and determined that inflation won’t show itself at this stage of the game.
Central banks are hell-bent on re-inflating the housing bubble, the debt bubble, the stock market bubble, the derivative bubble, all while sucking any and all metrics of true measurement of their wicked schemes, down into the deepest hole in the proverbial swamp.
In 2011, a memo went out in the central banking world, which continues to be their same blanket policy toward precious metal stackers today:
http://thewealthwatchman.com/wp-cont...1-1024x683.jpg
They’ve turned us upside down, and shaken the tree we’re on with a bulldozer! But we, being warriors all, have been hanging this way so long, that we actually prefer being upside down now!
http://thewealthwatchman.com/wp-cont...r-warriors.jpg
Traditionally, traders have had a saying: the market can stay irrational longer than you can stay solvent.
There’s a word for that phrase, which I can’t repeat, because there are ladies present, and because this is a family-friendly site! Turns out though, that phrase was a crock to begin with, because the entire time that folks thought it was the “market” staying irrational, it was usually the Fed and central banks throwing good money after bad.
A truer aphorism might be this:
The Fed can maintain its credit rating, longer than you can be right.
Yet, even after pumping their trillions, praising all their own handiwork, and “banging every close” with a Plunge Protection Team ramp in general equities, a roughly 9% gain is the best they’ve mustered all year on the Dow Jones.
It is all for naught! Every bubble finds its pin, every time, without fail!
There are no more markets, only interventions, as Chris Powell wryly observed. All this levitation isn’t the mystical creature, called “the market”. This is all insane, propagandistic, herding of the masses into the instruments they wish folks to be in, until they deem it time for the sheep to be fleeced. That’s all the “markets” have been for the past 100 years, ever since the Fed was established. End of story.
Despite all this, I couldn’t be happier about the prospects for stackers in 2015 and beyond, here’s a few reminders why!
India: The New Retirement Home For All Silver Everywhere
There’s no two ways about it, friends, what’s happening right now in India will leave ripples for years to come. I’ve long said that India is the key which will unlock magical things in the silver space, and gee heinnicky, but India has not disappointed!
Last year, they’d set a new record by importing roughly 6,000 metric tonnes of silver, which was over 190 million ounces. Impressive to say the least, but what they’ve done this year,especially in the last 3 months, has bested that total by far!
In fact, just when you think India can’t possibly top its silver stacking, they do, every time…
As strong as gold demand has been there(probably about 800 non-smuggled tonnes, year to date), their silver demand continues to break every record, everywhere! Indians are doing whatever it takes, to continue to buy ever larger tonnage figures of silver, with every blessed rupee note they possess:
http://thewealthwatchman.com/wp-cont...elda-Rupee.jpg
Doh, not that kinda rupee note, dagnabbit!
Ah well, you get the picture! You know that crazy, old lady, who checks the prices of every. single. item. at a yard sale, and then shops around in every other yard in the neighborhood….in order to save 25 cents?
Ok, great! Now picture about a billion of those little, old ladies, amplify it with the passion of someone who has a great zeal for sovereign, generational wealth, and voila, you’ve got India!Their peoples continue to be an informed, intelligent flock of buyers, who know a freaking bargain when they see one.
And they continue to see the mother of all bargains in silver!
They are buying so much bleeding silver, that in the past 3 months alone (December not included), they’ve bought over 100 million ounces of it!
100 million ounces! That’s 2.5 years’ worth of silver eagle production numbers, even at this record pace!
That’s roughly 1.2 million ounces per day! for the last 90!
Get your head around this: this means, that India alone, has bought more than 50% of all the silver that the earth has mined for the past 3 months straight. Every other ounce that anyone has brought from the earth, since Labor Day, is now safely in India’s hands.
Their stacking is so epic, that according to Reuters, they’ve sucked out mostly all of the City of London’s silver reserves which they’d spent the last several years storing up, and the word is that India has now had to go to China and Russia, in order to find someone with enough silver to sell to them!
If anything near this pace of stacking stays firm in December, then India looks set to import well over 7,000 tonnes of silver(half of which was stacked in the last 4 months of the year!).
Not half bad, huh?
http://thewealthwatchman.com/wp-cont...ver-Demand.png
Wanna know the best part about it all?
They did all this, with an average silver price of roughly $16.50! *laughs* This epic stacking didn’t start until silver broke under $18, it is bargain-buying at its best.
Imagine! Just imagine what India will do on a monthly or annual basis, if the banksters take silver down to $14 again….and keep it there, even for a month!
How about if they take it to $12?
Or to $10?
You see why I welcome these price assaults? This is crucial, and you must understand this right now: there is no doubt that the silver reserves that London had, would’ve been used for many months out, to rig silver even longer, but now that silver is mostly gone!
This is why we must embrace their attacks on the paper price, and help our Indian stacking comrades as much as we can, by throwing ourselves into the fray alongside them! The tide will soon turn, until that time we’ve got work to do, warriors!
China’s Golden Onslaught
China is also doing their part in this multi-pronged assault on the Barad-Dur of international, financial criminality! For though China has yet to fully realize the potential of the metal of their roots(silver), they are keen to drain the City of London of their gold. Make no mistake, the stacking there in just the last two years alone, has removed thousands of tonnes of extra gold from the Western, Central banks’ coffers. Eric Sprott has remarked before, that he believes there is perhaps a 4,000 tonne deficit in just a 4,000 tonne gold market!
In other words, in a world where roughly 4,000 tonnes is made available through mining, refining, and recycling, the world could be demanding as much as 8,000 tonnes per annum!
China, for the 2nd year running, has now stacked an incredible 2,000 tonnes of gold in just 12 months!
In fact, last summer some circles in mainstream news had prematurely said that China’s move to buy gold was a “one-off” in 2013, and had gone cold. Great call, genuises!
With one reporting week left, the demand figures there have now surpassed the 2,000 tonne mark, just out of Shanghai. As always, the intrepid Koos Jansen is on the case:
http://thewealthwatchman.com/wp-cont...014-Demand.png
Look at that last red spike on the right. A whole 60 tonnes of gold was demanded in just one week.
Put another way: the Chinese people people bought more than twice as much gold in one week, as the Comex has “available to deliver” to investors in its entire warehousing system!
Do you see? The Comex has long been irrelevant in the physical gold scene, and only continues to be relevant on the silver scene because it has to be! The Money Powers are out of luck and out of time, if they cease being able to deliver silver to everyone who wants it…for even a brief stint!
Very soon, at a time that China and the BRICS will choose(because they hold all the cards), they will do something which will yank pricing power on the precious metals scene, away from the City of London and New York, indefinitely.
Others have said this same thing, and I agree with those assessments. Nearly all the pieces seem to be in place. It is nearly time to go for the kill shot. If it goes down that way, then those who didn’t have all the phyzz they wanted or needed, will be priced out unless they agree to enter the market at much higher rates.
I won’t attempt to make a prediction as to when that will occur, as some have made the mistake of doing. Some notable folks have said that the BRICS will make their move by “X” date. Again, since no one knows how much gold the banking Dragon still possesses, it is utter folly to attempt to guess when the East will make their move. Our job is simply to properly allocate our resources, and prepare ourselves, our families, our friends, and anyone else who will listen, for this inevitability.
Conclusion
For nearly 4 years now, the Fed, BIS, Bank of England, etc have moved heaven and earth, to heap burning coals upon silver investors, and have done the same to gold investors for 3 years. They’ve done everything in the book to dislodge us, to eradicate us, to dissuade us…
And they’ve failed.
These people have done all of this, just to keep the Money Power a tiny space longer. Let’s face it, 3 or 4 years, in the grand scheme of human history, is a blink, it’s nothing.
The central planners behind the massive con, and the international, monetary ponzi scheme, have bought another 1,000’ish days. Could they buy a few hundred more?
Absolutely.
So what?
Then what do they do?
The Great Financial Tsunami, which nearly washed them all away in 2008 is still coming for them, and it is higher than ever. The storm wall they’ve spent 5 years building, in order to protect themselves from the wrath of the coming storm, is laughably inadequate.
Today, at the start of 2015, you can be sure that the Yellens, the Legardes, the Draghis are all popping $2,000 champagne, and congratulating themselves on being masters of the universe.
Which sure is funny…
Because I always pictured ancient king Belshazzar doing this exact same thing, literally moments before the dagger fell upon him and his “unbeatable kingdom”.
Forever.
http://thewealthwatchman.com/wp-cont...2-1024x521.jpg
http://www.silverdoctors.com/wealth-...rs/#more-49653
BO POLNY: Gold and Silver, a Parabolic Rise in 2015
Posted on January 12, 2015 by The Doc
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Paper has begun its collapse; it started with the Russian Ruble and will end with the US dollar. As paper collapses, Gold will rise and then go Parabolic!
All the world currencies are falling to Gold as Gold continues to expose the TRUTH of what is TRULY going on in the world of fiat paper vs. Gold!
The TRUTH is printing money leads to hyperinflation and much much higher prices in both Gold, and especially Silver as their respective ratio gets reset.
The TRUTH will set Gold & Silver free with a Parabolic rise in 2015!
Submitted by Bo Polny:
http://www.silverdoctors.com/wp-cont...5-918x1024.jpg
Paper has begun its collapse; it started with the Russian Ruble and will end with the US dollar. As paper collapses, Gold will rise and then go Parabolic!
In the November 2014 post (see LINK HERE) we discussed Gold’s performance vs. the yen as Japan turned on the printing press causing Gold to breakout to a new 1.5 year high relative the yen. Below in the 3-year weekly chart provided in November 2014:
http://www.silverdoctors.com/wp-cont...N-1024x450.jpg
What does the chart look like now, 7-weeks later? See below…
http://www.silverdoctors.com/wp-cont...N-1024x450.jpg
Aside from the Russian Ruble, the Gold in yen terms was the first of all the world currencies that broken out of the triangle formation and the breakout is now confirmed with 8 weeks OUTSIDE and ABOVE the triangle as illustrated above.
In the November 2014 post we also wrote, ‘as Gold in yen terms has broken the triangle, this breakout is soon to be followed by all the other currencies of the world.’
Well, since the breakout of Gold in yen terms 8-weeks ago; Gold has since broken out of the same respective triangles in terms of the Australian Dollar, British Pound, Swiss Franc, Canadian Dollar and last week broke out against the Euro! See chart below:
http://www.silverdoctors.com/wp-cont...O-1024x450.jpg
Look familiar? You bet it does! Have a look at the Gold in Yen terms chart from November 2014 above; Gold as of last weeks close is now at a new 1.5 year high relative the Euro just as it was relative the yen in November 2014. Gold in Euro terms is just a couple months behind the Gold in yen terms and Gold in Russian Ruble terms simply lead the race.
All the world currencies are falling to Gold as Gold continues to expose the TRUTH of what is TRULY going on in the world of fiat paper vs. Gold!
How does it end?
In a Parabolic Rise, as can clearly be illustrated with Gold priced in Russian rubles chart below:
http://www.silverdoctors.com/wp-cont..._GoldRUBLE.jpg
The TRUTH is printing money leads to hyperinflation and much much higher prices in both Gold, and especially Silver as their respective ratio gets reset.
The TRUTH will set Gold & Silver free with a Parabolic rise in 2015!
Gold has yet to complete its cycle high target of $2000 as referenced in the May 2014 New York Kitco Interview (see LiNK HERE). We need to wait a little long; but let’s not forget…patience is a virtue!
In last weeks update (see LINK HERE) we stated ‘despite Gold closing up Friday 1/2/2015 and the Miners closing on their highs, the rally that follows starting Monday 1/5/2015 will fail at $1220 (+/- $5.00), so do not get too excited just yet’. On Friday January 9, 2015 Gold closed at $1223.
There remain a few final and very important cycle TURNS in the Gold and Silver Market before a Parabolic Rise can be expected. As an exciting start to 2015, for those interested in a complimentary ‘Sneak Peek’ into Gold’s January Cycle TURNS please visit www.Gold2020Forecast.com.
Thank you and all the best in 2015,
Bo Polny
http://www.silverdoctors.com/bo-poln...-rise-in-2015/
Yes, currently, investors are bearish on silver, because of obvious reasons. But, supply demand factors, especially rising demand for the industrial purpose may turn the prices up by this year end.
I remember someone saying something similar every year for the last twelve years...Quote:
Originally Posted by ComputerYe
https://www.youtube.com/watch?v=w211KOQ5BMI