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Gold & Precious Metals

SILVER GREEN ALERT - One of the Best Buying Opportunities in Years...

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Posted by Clive Maund

on Monday, 24 July 2017 08:43

There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016.

We have been on to this for some time, hence the rash of articles over the past couple of weeks on the site recommending various good looking gold and silver stocks, and we will look at more this weekend. This is truly a massive opportunity, but these low prices are not going to be around for much longer. So if you want to fully partake of this rally and buy at the current crazy cheap prices, and haven’t done so yet, you had better pull your finger out and get on with it, because this market is not going to wait on your convenience. Don’t be fooled into thinking that because silver has rallied towards still bearishly aligned moving averages over the past week or so that it must drop back towards its lows again. That huge candle early this month on big volume which we can see on the 6-month chart below was a final capitulation reversal candle – a bottom. While the price has since been edging higher, the COT has continued to improve to the point that it is even more extremely bullish, so we can expect this so far hesitant rally to gain serious traction soon. Even if we do see a dip, which is considered highly unlikely, it would simply make the picture even more positive, although it is now scarcely possible that it can look much more positive than it is already.

silver6month220717
Click on chart to popup a larger, clearer version.


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Gold & Precious Metals

Gold's Summer Rally Intensifies

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 21 July 2017 06:44

Here are today's videos and charts (double click to enlarge):
 

SFS Key Charts & Video Analysis

116GDXJ



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Gold & Precious Metals

PRECIOUS METALS SECTOR update - the BIGGEST OPPORTUNITY SINCE LATE 2015, and the LAST CHANCE AT THESE PRICES...

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Posted by Morris Hubbartt - Super Force Signals

on Monday, 17 July 2017 06:35

Screen Shot 2017-07-17 at 6.42.17 AMWe’ve had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear again in the Precious Metals sector. “Wait a minute”, I hear you say, “prices were generally lower back then at that low than they are now, so how can it be as big an opportunity, as leverage is reduced?”. Here are the reasons, one technical, the other fundamental. When prices rose out of the late 2015 low, which was the Head of the Head-and-Shoulders bottom shown to advantage on the 10-year chart for GDX below, they were destined to retrace to mark out the Right Shoulder of the pattern, which is what now has most investors very negative towards the sector again. This time they don’t have to – they can now rise out of this trough and proceed to break out upside from the entire pattern to embark on a mighty bullmarket. The fundamental reason is this – most investors have been taken in by the specious Central Bank talk about “normalizing interest rates” and scaling back their bloated balance sheets – but they haven’t got a cat in hell’s chance of doing this – why? – because debt (and associated derivatives) has expanded to such gargantuan levels, that any attempt to bring it under control will send interest rates skyrocketing. Because of this stark reality, they are left with only one option – to inflate the debt away by monetizing it, which means inflation. Once investors grasp the inevitability of this – and that this process will soon get underway with a vengeance, gold and silver will soar. That is what the charts that we are going to look at today are telling us, and it means that we may never see the bargains in the Precious Metals sector that are now available ever again – or at least not for a very long time. The latest COTs are telling us that gold and silver have hit bottom, or are very close to having done so, and that the time to buy the sector is now. Before proceeding to look at them we will start by looking at the latest 10-year chart for GDX, a reliable PM stocks proxy, to see where we are on the market clock, where we are in the PM stock price cycle.Our 10-year arithmetic chart for GDX shows a clear large Head-and-Shoulders bottom forming, with the price now in the process of completing the Right Shoulder trough of the pattern. Obviously, most would be investors in this sector either don’t know this pattern exists, or if they are aware of it, have written it off as a false H&S bottom, witness the rotten sentiment towards the sector, which is just what we want to see at this juncture. Indications that the pattern is genuine are provided by the strong volume on the rise out of the trough of the Head of the pattern, which we can expect to see again on the rise out of the Right Shoulder trough soon, and the outstandingly bullish COTs which we will soon look at.

gdx10year150717

The rotten sentiment towards the PM sector is amply illustrated by the latest Gold Miners Bullish % chart. At just under 18% bullish, it is a little above the levels seen before the sector rally early this year, and at about the same level seen before the big rally during the 1st half of 2016. This clearly points to a sizeable advance by the sector soon.



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Gold & Precious Metals

Does Baseball Influence the Market?

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Posted by Benzinga

on Wednesday, 12 July 2017 11:10

allstar baseball

The folks at Benzinga check to see the results post-all star game depending on whether the National or American League won. :)  CLICK HERE



Gold & Precious Metals

Alone Perhaps: But Is Trump Right?

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Posted by Pat Buchanan

on Tuesday, 11 July 2017 11:06

patbuchananHas Trump read the crisis of the West correctly? Are his warnings valid? Is not the Obama - Merkel vision of world order a utopian fantasy?... CLICK HERE for the complete article



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