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Took profit, out of miners.
XAU’s 60mins chart looks terrible!
I wasn’t sure when the Fed would intervene to stop the market slide. I thought they might save their powder until the end of the week but it looks like it’s begun in earnest today.
I’ve been worried that the bullion banks would cap gold to set it up for an attack on next weeks FOMC statement and so far that is also playing out.
Gold really needs to break free of the manipulation and put some distance between the recent cycle low in order to survive the attack that will come next week. If it doesn’t then the banks will succeed in driving gold to new lows and stretching the intermediate cycle even though the dollar has already topped.
I think it’s happening as of now!!!
Going short, long DUST.
before xmas watch for gdx to trade heavy vol, well over 100m in 1 day, that should be a good entry point
Gary,
in this article Avi Gilbert is saying that some Miners could be in danger of bankruptcy if gold will make new lows.
Could you make a post or a video indicating the most dangerous Miners so we could defende ourselves selling the bad and buying the better ?
Thank you.
Gary doesn’t do individual stock research. For this reason, its best to stick with the funds like GDX, etc.
I don’t try to analyze individual companies. I just stick with the ETF’s so I don’t have to worry about things going to zero. 🙂
I forgot the link,here it is:
http://news.goldseek.com/GoldSeek/1449673380.php
Who would of thought after a 42 day cycle. Which is the longest I can find going all the way back to 2008. We would see the gold cycle top on day 1 and then continue down again. This is nuts.
Well it can only happen in a manipulated market. Don’t make the mistake of thinking there is anything natural about the gold market.
Mark- and some say the miners will go higher in that scenario…
I fear the miners will follow the metals unfortunately…….
I hope Gary or other informed people can tell us which are the most dangerous miners.
I own paas-slw-ssri-kinross-first majestic-b2gold and other smaller miners….they should be relatively safe…I hope so!
Sold out of CRUDE shorts
Should’ve sold out of miners at open
May go long CRUDE soon due to latest bullish report
Looking at Garys chart I would assume that gold would rally with miners into the 15 of this month then down into month end then rally on up into march next year. Am looking for 15.65 on GDX on the 15th……
Great insight pal! Good luck and God speed!
Long CRUDE NOW
Gold support holding (bullish)
Yes i think so Dave
Gary; you need to speak up son, I can barely hear you.
It sounds fine to me. I think you need to turn the volume up on your speakers.
we’ve turned up the volume full blast its yr mouth isn’t hitting the mic!!!!
I can hear at first…. Im on a Macbook..
dollar falling now setting up golds bear rally
Mr. Savage your fundamental thought regarding rigs are spot on!http://m.investing.com/news/commodities-news/crude-reverses-territory,-closes-lower-despite-sizable-inventory-draw-375288
Crude:
Undercut low if Monday still holding.
Tuesday reversal
Wednesday holding
Could this be the bottom?
Technicals strong
Fundamentals shifting?
William gold looking bullish (2step/1step back formation)
USD truncation
No worry mate. Got stopped out with the DUST.
Man wish I listened to your Sunday night sell signal let alone a second chance at the open today.
yes, indeed.
stocks and usd have correlated positively since FED started to contract its monetary policy and world economy ushered a new Kondratieff cycle.
thus, stocks falling in their ICL should render USD an extended IC decline