Doldrums term is very apt for gold’s summer predicament.  It describes a zone in the world’s oceans surrounding the equator.  There hot air is constantly rising, creating long-lived low-pressure areas.  They are often calm, with little or no prevailing winds.  History is full of accounts of sailing ships getting trapped in this zone for days or even weeks, unable to make any headway.  The doldrums were murder on ships’ morale.

“I’ve Never Sold An Ounce Of Gold Or Silver!”
You Might Be Downcast Regarding the Recent Price Action in Gold and Silver, But Billionaire Metals Aficionado Eric Sprott Isn’t: 

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Get Ready, Sprott’s John Embry Believes ‘An Explosive Move is Setting Up in Gold and Silver‘…

Similar to the Fed’s price-management of oil, the Fed has been keeping gold pinned under $1300 since early November in an effort to prevent a rising price of gold from undermining the dollar’s reserves status and signalling the escalating economic and financial distress in the U.S.

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According to GATA Chairman Bill Murphy, we’re looking at “One of the Most Chaotic, Big Moves in the HISTORY of Markets…”

Litecoin surged about 80% higher in 72 hours over the week-end, while gold and stock markets were closed.
I view litecoin as the “silver bullion of the blockchain world”, and bitcoin is like gold. The bottom line may be that blockchain is not just the newest kid on the precious metals investment block…it’s also the hottest.

The recent bank bail in has Spanish investors spooked and the contagion is beginning to spread.
Gold & Silver Prices may get a boost as economic collapse 2017 gets worse and we watch this dire banking crisis come to a head…

“The Bond Market’s Calling Bull**it on the Fed!”
Legendary Silver Investor Eric Sprott Breaks Down the Gold and Silver Markets in the Wake of This Week’s FOMC Rate Hike:

The bankers were  probably expecting even more gold leaves to fall from the gold tree with the raid yesterday. An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.