Gold Recovered from $1160 but Set to Fall 2.8% on Prior Week as Trump Declares ‘We Are Cutting Back on Turkey’ by Threatening to Impose More Economic Sanctions

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GOLD PRICES recovered from $1160 per troy ounce, a 19-month low yesterday. The Dollar indexed against a basket of major currencies, fell for a second day from a 14-month high on Wednesday, amid the US threatening to impose more economic sanctions on Turkey if it does not free a detained American pastor.   It is still… Read More

Interview: Gold & Gold Stocks Extremely Oversold Now

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Jordan Roy-Byrne and I discuss the recent gold and GDX action that sliced through some key resistance levels. Jordan had a short on the mining stocks but has since closed out that position and is not waiting for that bounce to come. Click Here to Learn About & Subscribe to TheDailyGold Premium   Source: The… Read More

Insure Your Wealth Or Lose It All

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Embrace uncertainty – Anyone who doesn’t follow this momentous maxim in coming years is likely to get one unpleasant shock after the next. Because the stable progression of the world economy since WWII is now coming to an end. What should have been a normal cyclical high in the next year or two, is now… Read More

Currency Woes

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This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities and gold, on the basis the… Read More

TheDailyGold Premium Flash Update (8/16)

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The 11-page flash update was published and emailed to subscribers at 11:50pm pacific time, 8/15. This update includes a trade update, sector update and technical comments on most of our current holdings.   Source: The Daily Gold

Repetition of the Basics Is Worth Its Weight in Gold

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Whenever you encounter a “sticking point” in some activity – any activity in which you are engaged – it always helps if you “return to the basics.” Sure you may “know” what they are, but do you really follow them? Ask an expert in most any field of endeavor, and he/she will tell you the… Read More

James Turk: Beware the FED

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“Also, I have been mentioning overhead resistance at $16.80. Spot silver today closed in London and New York above that level, indicating a breakout may be starting.  However, a word of caution. Today’s big jump could be a head-fake. It could be just a 2-day squeeze with weak-hand shorts exiting to avoid getting hit by… Read More

How Gold & Silver Will Trade During The Next Market Crash

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While many investors believe the gold and silver price will crash during the next market meltdown, I see a much different outcome. Yes, it is true that the metals may sell off initially in the beginning, but I believe gold and silver will disconnect from the broader markets and move up much higher. The reason… Read More

Silver And The Ongoing Monetary Reform

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Stephen Leeb’s book “Red Alert”, published in 2012, argues that the Chinese understand the issue of resource scarcity much better than the West and as a result of their accumulation of vital resources may leave the West in a nearly untenable position within the next decade. The silver market is already in this untenable position… Read More

It's Time for Contrarians to Get Bullish on Gold

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Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below $1,200 an ounce for the… Read More

Treat Symptoms or Causes?

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Miles Franklin sponsored this article by Gary Christenson. The opinions are his. You have a headache. Treat with Advil. Well… maybe. The headache is the symptom. The cause might be tight neck muscles, brain tumor or something else. Advil relieves pain and diminishes inflammation, but it won’t fix a brain tumor and will do little… Read More

Gold Stocks are Not Too Oversold Yet

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In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the gold stocks are hitting oversold levels but… Read More

Will The Gold/Silver Ratio Approach 15:1?

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Written by Chris Marcus for the Miles Franklin blog. With the current gold to silver ratio at approximately 79 to 1 (meaning that for an ounce of gold, you could trade it for about 79 ounces of silver), many are wondering if the ratio will revert back to the often-cited 15 or 16:1. Which would… Read More