It appeared that nobody wanted to be short gold going into the weekend. 
Miners leading the metal is what we like to see in a bull move for gold, and that’s what we are seeing now.
  Much of PM is now over the 200 MA. 
Next step is a “golden cross”…

Play

goldWith gold and silver prices SURGING higher this week, we sat down with James Turk for an in-depth discussion on the markets and bullion:

  • James Weighs In On Silver Fix Manipulation: OTC Silver Derivatives Contracts Were Expiring– Somebody Wanted Out of An Option Position!
  • Physical Bars Vanishing: Swiss Refiners Have Bleed COMEX Dry of Gold!
  • Turk Explains Why the COMEX Physical Gold Bar Shortage is Setting Up a MASSIVE Short Squeeze
  • James Provides His Outlook For the Metals in 2016 and Beyond- Are MAJOR New Highs Ahead?
  • Central Banks Nearing the Point They Will Have to Throw in the Towel on Gold Manipulation!
  • Deutsche Bank Has Plunged to 2008 Levels… & the Financial Crisis of 2016 Has Not Even Begun Yet!

A MUST LISTEN SD Weekly Metals & Markets With The Money Bubble Author James Turk is Below: 

Silver-chaosSomething is VERY wrong in silver for the banksters… 

crashIs a financial crisis being covered up?  What do you make of the Fed Capital Account charts?
One thing to remember – when these huge financial upheavals occur, you find out the day after they’ve tried to patch things up.

There will be no last minute warning.

rocketThe admission that the economy is so weak that it needs more QE is going to destroy the narrative that the U.S. economy is in great shape and it’s no longer going to be the safe haven for capital around the world…it’s going to prick the bubble in the dollar…and people are going to realize that we’ve never recovered from anything, the economy is sicker than ever, the Fed’s going to make it even sicker with more of its toxic monetary policy, the dollar’s going to tank and the price of gold is going to skyrocket and people need to prepare for that now. 

petro dollar sunset WillieIn this MUST LISTEN extended interview, Hat Trick Letter editor Jim Willie forecasts why the Chinese are set to take over the daily gold fix (particularly in the wake of last week’s London silver fix fiasco), and are set to announce RMB gold futures contracts…

Buy Silver Kookaburras at SDBullionA situation where more gold standing for delivery than is claimed to exist is NOT a “good” thing.  This is a VERY dangerous situation of potential default and one where by hook or by crook has been avoided to this point. Is it this delivery month where delivery fails?  I do not know.
I do know we live in a world where China is importing every single gold ounce produced on the planet leaving nothing else leftover for the rest of the world.
This situation can only last or continue as long as vaults have gold and the owners are willing to fill the deficit between supply and demand.
I will say this, the global financial system will completely seize up and close for trading once gold delivery fails.  This will only take 48 HOURS after a failure, and the ability to procure metal, sell stocks and bonds, or do anything else financial will not be an option.

margin explosion2016 has begun with a bang and much of the volatility is due to global derivative exposure.
With that in mind, what better time than now for an exclusive interview with bond trading and derivative expert, Rob Kirby:

monster-boxes silverI sat down with The Doc, SDBullion and Silver Doctors, to get a first hand update on the gold and silver market.  Doc speaks with the Authorized Purchasers (AP) of the U.S.Mint American Silver and Gold Eagle bullion coins on a regular basis.  Who better to explain what is happening, right now, with the benchmark silver coin than someone who is constant contact with the people that interact with the U.S.Mint?
This is a timely update with both gold and silver on the move to the upside, which we haven’t really seen moves like this in some time.
Both were moving up while we recorded – Wednesday February 3 – and again Thursday morning.

There is a lot of really great information that The Doc brings to the table regarding premiums, where we have been and where the market could be headed.
Give this a good listen as I believe you will find it very encouraging.  Got Physical?

smashThis could be the end of the fix.” – Ole Hansen, head of commodity strategy for Saxo Bank

David Morgan joins us to cover silver and the breaking of the LBMA electronic “silver fix”.
Have criminal banks involved in the daily price fix finally lost control?

If ATMs, banks and markets close, or if hyperinflation makes the fiat, Federal Reserve note completely worthless overnight, none of these goods will be exchangeable for the money you have sitting in the bank, or on a credit card.

Nomi PrinsWe’re getting to the end of what’s possible in terms of stimulation, I would have thought the end should have happened years ago. But the reason it didn’t was because of the epic coordinated efforts between the major central banks… and that element has left markets with the APPEARANCE of health they haven’t actually had because of true growth. And there’s only so much you can do of that.  These are desperate actions.”

When Gold Standard Ventures announced on February 1 that Goldcorp would be investing CA$16.1 million for 9.9% of the junior’s shares, industry watchers took notice. In this analysis written exclusively for Streetwise Reports, Thibaut Lepouttre, editor of Caesars Report, speculates on why the major acted when and where it did, and what it might mean for the future.

Shanghai Gold Exchange SGE withdrawals 2009 - 2016 JanuaryIt seems the Shanghai Gold Exchange (SGE) is continuing to publish the amount of gold bars withdrawn from the vaults on a monthly basis. For the month of January “SGE withdrawals” accounted for 225 tonnes, down 1 % from December. After the first weekly SGE reports in 2016 did not disclose SGE withdrawal data and phone calls to the bourse in Shanghai answered these numbers would not be published anymore we can wonder why the Chinese have changed their stance.

gold_performance_ytd_2016Gold prices are 3.6% higher this week and gold is now over 9% higher year to date. The dollar saw sharp falls this week on growing doubts that the Federal Reserve will be able to raise interest rates. The gains this week were due to increasing concerns about the U.S. and global economy.
Not bad for a Pet Rock…