Dave Kranzler isn’t looking for a quick drop in the dollar or an errant Trump Tweet. He’s looking at deeper drivers that could quickly become drawn out problems that have big impact on price…

dynamiteDex, the founder of the Vulcan Report joins the SGTReport to discuss the nearly unprecedented move of gold and silver mining stocks in 2016. Dex says the GDX, GDXJ and SILJ charts look “extraordinary” and are so powerful that he thinks the mining stock indexes are probably going 1000% higher – and Dex thinks that might be “low balling” it. “The charts are telling us that there is something wrong, something is broken and the price is factoring this in… this thing is going to take off like a rocket.

battleThe gold-mining stocks have enjoyed enormous gains in their young bull market this year, trouncing all other sectors.  Naturally this radical out-performance has led to surging popular interest in this usually-obscure contrarian sector.  New investors are wondering how to best track its performance, about which gold-stock benchmark is the definitive one to use.  Something of a battle is brewing over new versus old…

A new force that is bullish for gold has unexpectedly appeared, which is the Swiss franc’s mauling of the US dollar.
The franc has a stellar track record of being a hard currency, and a key lead indicator for the price of gold.

Please view the monthly chart of the dollar versus the franc below. The dollar has essentially imploded.
Entire brokerages and funds have been destroyed, as the dollar has gone into “meltdown mode” against the franc.
As painful as it’s been for these dollar bugs, I think there’s much more pain to come.
Here’s why: 

America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program.
This would allow China’s currency to become a competitor with the dollar.

Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.

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PM & Oil expert Steve St. Angelo joins the show this week for a power packed interview discussing: 

  • Mexican standoff in the silver marketwill Asian physical demand overwhelm naked paper shorts? 
  • Steve Explains Why Peak Oil Will Destroy the Value of Paper Assets, & Decimate the US Market
  • US Gold & Silver demand ROARS back: Wholesale US gold market CLEANED OUT of all secondary market coins in past 48 hours
  • Steve compares what is coming to the US in the next 3 years to the end of the Roman Empire, and discusses why backing the US’ $17 trillion in debt won’t prevent A COLLAPSE WE DON’T COME OUT OF!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & special guest SRSRocco is below: 

Zeal041114BThe American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance.
Now on those rare days when gold stocks are discussed on CNBC, the HUI is never mentioned.  In this new ETF-dominated world, the dominant ETFs have replaced minor sector indexes as the leading benchmarks of choice.  So to mainstreamers not steeped in gold-stock trading experience, GDX is the gold-stock sector.  So we’re long overdue for revisiting its construction, components, and performance.