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Gold & Precious Metals

Wall Street Pouring Money Back Into Oil And Gas

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Posted by Nick Cunningham - OilPrice.com

on Friday, 10 February 2017 08:20

35dc5a14f594828a0c66c373cec6012bDespite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders pinned their hopes on a surprise drawdown in gasoline stocks, which provided some evidence of stronger-than-expected demand.

The abnormal crude stock increase took inventories close to 80-year record levels at 508 million barrels, and is another bit of damming evidence that should worry oil bulls. But the oil markets were not deterred. In fact, that has been a defining characteristic of the market in recent weeks – optimism even in the face of some pretty worrying signals about the trajectory of the market “adjustment” process.

More signs of optimism abound.

...continue reading HERE

....related: 

The Blood Bath Continues In The U.S. Major Oil Industry



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Gold & Precious Metals

Light Pullback For Gold: Key Tactics

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 10 February 2017 06:57

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

Gold, Silver, & T-Bonds Key Charts Video Analysis

11



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Gold & Precious Metals

Silver Market Set Up For Much Higher Price Move Than Gold

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Posted by Steve St. Angelo - SRSrocco Report

on Wednesday, 08 February 2017 06:27

When the paper markets finally collapse, the silver market is set up for much higher price gains than gold.  Why?  Because the fundamentals show that precious metals investment demand has put a great deal more pressure on the silver supply than gold… and by a long shot.

There are three crucial reasons why the silver price will outperform the gold price when the highly inflated paper markets disintegrate under the weight of massive debt and derivatives.  While many precious metals investors are frustrated by the ability of the Fed and Central Banks to continue to prop up the markets, the longer they postpone the day of reckoning, the worse the collapse.

The first reason I wrote about in my article, Critically High U.S. Silver Supply Reliance In Jeopardy When Paper Markets Crack:

US-Net-Import-Reliance-Percentage-Of-Consumption-2015

the United States silver net import reliance as a percentage of total consumption, was 72%, versus 36% for copper and a negative 48% for gold.



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Gold & Precious Metals

A Global Money Printing Competition

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 07 February 2017 06:57

Feb 7, 2017

  1. With each passing day, both the technical price action and the news flow are getting more positive for gold.
  2. Double-click to enlarge this daily bars gold chart.2017feb7gold1
  3. Another great week for the world’s ultimate asset is clearly underway. A beautiful technical uptrend is now in play.
  4. Gold has also surged through resistance at $1220 and is making a beeline towards my $1250 target zone.
  5. Please  click here now. Double-click to enlarge. The US dollar has broken down from a substantial head and shoulders top formation against the Swiss franc.
  6. A small rally back towards the neckline of the pattern is likely, but the overall technical picture for the dollar is very negative.


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Gold & Precious Metals

Bob Moriarty: There Are Some Extraordinary Opportunities Out There Right Now

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Posted by Bob Moriarty via Energy & Gold

on Monday, 06 February 2017 07:01

With precious metals and mining shares rallying as Bob Moriarty predicted at the end of December, after the sector reached the worst sentiment in 29 years, we thought it would be a good time get Mr. Moriarty’s latest thoughts on things. A wide ranging discussion ensued which included Bob’s thoughts on President Trump, a few individual stock picks, and even some timeless investment wisdom. Without further ado here is Energy & Gold’s first conversation of 2017 with 321gold editor & founder Bob Moriarty.

....continue reading HERE



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