fedGold and silver had a down week, correcting some of their overbought condition.
It’s obvious that after a run up of $250 from the December lows, some price consolidation would be natural.
The consolidation so far has only been relatively minor, testing the 55-day moving average currently at $1250, with real support coming in at the $1200 level:

clubIs it possible the clan of monster derivatives banks is a very small club and Deutsche Bank “ain’t a member anymore” because they turned rat?
This certainly bears watching because if Deutsche Bank has been kicked out of the gentlemen’s club, they have been allowed to carry the red button kill switch called derivatives with them!

endFrom Greg Hunter:

What is the timing for the next financial calamity? “V” the “Guerilla Economist” warns, “My sources say 2017 is going to be monumental time they put on their calendar. I was also told by them this fall is looking pretty bad. In 2016, we will see a lot of events, and in 2017, this thing really comes apart…

imagesAs PHYSICAL precious metal moves away from the fraudulent western paper metals markets, the writing is on the wall.
And despite silver’s rise in price year-to-date, PM Fund Manager Dave Kranzler reminds us that silver is still “the cheapest investment on earth…

big reset“There is a likelihood that gold will play a role in the next monetary system. I look at this as insurance—a way to preserve a slice of your portfolio should the bad guys ever hit that reset button.”