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Gold & Precious Metals

BREAKING: Chile Silver Production Down Stunning 26%

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Posted by Steve St. Angelo - SRSrocco Report

on Monday, 15 May 2017 07:23

According to the most recently released data from Chile’s Ministry of Mining, the country’s silver production declined a stunning 26% in the first quarter of 2017.  This is a big deal as Chile is the fourth largest silver producing country in the world.  The majority of Chile’s silver production comes as a by-product of copper production.

Chile is the largest copper producer in the world, by a long shot.  Last year, Chile produced 5.5 million tons of copper compared to Peru, who took a distant second place at 2.3 million tons.

Regardless, Chile’s silver production declined to 283.4 metric tons (mt) Q1 2017 versus 383.8 mt during the same quarter last year.  Again, this is a huge 26% decline in the first three months of the year:

Chile-Silver-Production-Q1-2016-vs-2017

Chile’s silver production declined 101 mt (3.2 million oz) Q1 2017, due to a strike at the country’s largest copper mine, Escondida, as well as a drop off in copper production from many other producers.



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Gold & Precious Metals

Junior Gold Stocks: Rally Time!

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 12 May 2017 07:14

gdx

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

Super Force Signals Key Charts & Video Analysis

SF Juniors Key Charts & Video Analysis

SF60 Key Charts & Tactics Video Analysis

SF Trader Time Key Charts Video Analysis

Thanks,

Morris



Gold & Precious Metals

17 Reasons To Avoid Gold

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Posted by Gary Christenson - The Deviant Investor

on Thursday, 11 May 2017 08:55

(Warning: Satire and sarcasm alert!)

Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations.

Time Magazine confirmed that Greenspan, Rubin and Summers saved the world in 1998. Bernanke did it again after the last crisis. In 2012 he was called “The Hero” by The Atlantic.

Screen Shot 2017-05-11 at 8.26.43 AM

Our economic world is now stable and secure and central bankers will not need to “save” it again. Because we live in a safe world, there is no need for gold.



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Gold & Precious Metals

CENTRAL BANK MARKET RIGGING: Horrified About The Biggest Global Bank Run In History

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Posted by Steve St. Angelo - SRSrocco Report

on Tuesday, 09 May 2017 07:13

Precious-Metals-ManipulationThe Fed and Central banks are manipulating the gold and silver price because they are horrified that the biggest global BANK RUN in history will take down the entire system.  Unfortunately, a lot of investors are still being misled about the fundamentals of precious metals market manipulation.  While the Fed and Central bank are indeed intervening in the gold and silver market, they are also propping up the majority of asset values across the board.  This is especially true for most stocks, bonds and real estate.

Yes, it is also true that billions of Dollars worth of paper gold and silver are dumped into the market in nanoseconds during very light trading days.  Thus, the impact is to cap the gold and silver price, making sure that 99% of investors stay fast asleep.  These are the very same investors who the Central banks are working extremely hard to keep their funds placed firmly in stocks, bonds and real estate.

I continue to receive emails from individuals who believe the Central banks can push the price of gold or silver anywhere they please.  This is total RUBBISH.  However, there is some method to their madness.  It is a crying shame that there are still analysts out there misleading their followers with that sort of superficial nonsense.

All the Fed and Central Banks can do is to keep the gold and silver price from exploding higher.  They cannot push the value of gold or silver (too far) below its cost of production.  Here is a chart from my previous article showing the gold price versus the top two gold miners (Barrick and Newmont) cost of production:



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Gold & Precious Metals

Bull run for gold sheer fantasy or is it forming the base for the next upward leg?

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Posted by Sol Palha - Tactical Investor

on Tuesday, 09 May 2017 00:00

The Gold bugs and Gold experts must be going through hell; almost seven years later and the Gold Markets refuse to follow the path these individuals have laid out for it. Proclamation after proclamation has failed, and the detested dollar much to their angst and surprise has continued to trend higher. Inflation has not taken off as they expected; well at least based on the distorted figures the government issues. The masses believe this data is real and that is all that matters in the end. Truth or a lie is based on a perception and perceptions are driven by emotions, which means that everything is up for debate. What holds true today might not hold true tomorrow or what is deemed valid today might be deemed as rubbish tomorrow.

In Jan of this year, we published an article titled Gold market ready to breakout? A small excerpt is listed below:

 Throughout 2016, we stated we did not expect much from Gold, and we stuck to this forecast, even though many experts went out of their way to report that Gold was ready to soar to the Moon or even to the next Galaxy. In fact, since 2011, we have continuously said that until the Trend turns positive, it would be best to play other lucrative markets, such as the general equities market, the US dollar, etc. During this time several experts stated that Gold was ready to surge and some issued insane targets ranging from $20,000-$50,000.

You would think that experts would try to release targets that made some sense. After all, Gold has not even traded past $2,000, so it makes one wonder how any individuals with a shred of common sense could issue a target of over  $5,000. Even this target is quite high, and we only envision it being struck under extreme conditions.

It appears nothing has changed and the overall outlook remains as uncertain as it did in 2014, 2015 and 2016. In January we stated that the Gold market had triggered several bullish signals that should have taken Gold to the 1360 ranges. In any other market, such a confluence of bullish signals would have produced a much stronger effect; the word muted is a kind way to describe Gold’s move to date. However, as the overall trend was still neutral, we also stated we were not ready to fully embrace the Gold markets.

Gold has now given the first signal that it is getting ready to test the $1360 ranges with a possible overshoot to the $1380 ranges. A weekly close above $1380 will set up the path for a test of and potential challenge of the 2011 highs. Tactical Investor 

It could not even trade past $1300 on a weekly basis; the word pathetic comes to mind when one examines the Gold markets actions over the past few months. It appears that Gold markets are destined to experience more pain before attempting to challenge the $1300 ranges. Adding to the misery; the dollars consolidation is drawing to an end, and Gold is now trading in the overbought ranges.

The trend is what determines whether we embrace an investment or not. The trend was neutral in back in Jan, and it remains neutral on the long term charts and negative on the short term charts. In other words, the Gold market appears ready to pullback as opposed to breaking out.  We will not embrace Gold until the trend changes as there are many other markets out there that make for a better investment. One such example is the biotech sector; however, one needs to tread with caution as this sector is full of speculative plays.

Gold May 2017



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