Stewart Thomson: Gold Has Staged An Upside Breakout!

gold bullHas gold topped out, or is it beginning a new leg higher?
Take a look at the hourly bars gold chart below.   A persuasive argument can be made that gold staged an upside breakout last night.
The range of $1305 – $1326 was decisively penetrated to the upside, and gold traded as high as $1335.
Monday’s close was critical, because it was not just the end of the month, but the end of the quarter.
Junior gold stocks staged a spectacular ending to the first half of the year, on massive volume.
The chart suggests the second half of 2014 will be even better!
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Zeal: Record Hot Gold-Stock Summer?

goldGold stocks have defied the odds to blast higher in the early summer doldrums.  Investors have flocked back in recent weeks, their heavy buying driving record June-to-date gains.
If this newfound momentum continues, gold stocks have the potential to achieve a record summer.  
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Bo Polny: Gold Cycle Top June 27, Next a Summer Low Buy-Of-A-Lifetime Before $2000 Gold in 2014!

Get_Ready_for_SummerOn June 4, 2014 Gold made a Cycle bottom, turned up on June 5, 2014, exploded higher June 19 post-FOMC.  June 27, 2014, Gold completes its Cycle Turn Date Top with a down Cycle into the summer low STARTING on July 1 – 2, 2014! 
This June 2014 rally has been nothing more than a short squeeze & ‘False’ Breakout!
After a 3-Year Bear and a Final Summer corrective Low ahead, none but the Resolute Bulls will be left standing to experience a Moon Shot to $2000 by year end!  …and ‘year end’ may not exactly mean the end of the year.
Cycle work allowed me to called then Silver $49 top, the $1900 Gold top, the June 28, 2013 Gold BOTTOM within 2-hours, the December 31, 2013 retest and higher low.
The coming summer low will be the FINAL ENTRY LOW and the Back-Up-The-Truck  ‘Buy-of-a- Lifetime’ before a Moon Shot to $2000 by year end!

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Jim Sinclair: 30 Reasons The Bear Phase In Gold Ends This Summer!

launch rocket verticalLegendary gold expert Jim Sinclair sent an email update to subscribers this weekend, detailing 30 reasons why the nearly 3 year bear phase in gold & silver ends this summer.  
Sinclair, who called the end of the last secular bull market in gold the day before the top was placed (and worked overnight selling his entire position) and also predicted the current secular bull at the bottom nearly 15 years ago, believes the next leg in the bull market in gold which will ultimately take gold to new all-time nominal highs (Sinclair believes possibly as high as $50,000/oz) begins THIS SUMMER. 
Sinclair’s full MUST READ alert is below:  [Read more...]

Are You Prepared for a Bull Market that Will Shock Even the Most Ardent Goldbugs?

gold bullJay Taylor understands why investors in gold and gold equities are consumed with caution. But the publisher and editor of J. Taylor’s Gold, Energy & Tech Stocks and host of the radio show “Turning Hard Times into Good Times” urges them not to lose sight of the big picture.
The big, bull-market picture. Gold juniors with cash and good projects are trading at tiny fractions of their worth. But not for long. In this interview with The Gold Report, Taylor argues that we are on the cusp of a bull market for the ages and suggests eight junior candidates for mind-blowing multiples.

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Stewart Thomson on Gold: The World Has Entered a Gold Bull Era

The West is still a mover of the gold price, but no longer the prime mover.  While interest rates and inflation numbers are still very important drivers of the gold price, the world has essentially entered a “gold bull era”.
This era is themed around gold jewellery demand that should grow relentlessly for decades.  It could soon totally overwhelm mine and scrap supply.
Gold jewellery plays a highly significant role in Eastern culture and religion, and bank economists continue to underestimate the enormous monthly tonnage imports of Chindian (Chinese and Indian) gold dealers. One upside surprise seems to follow another.
Demand grows relentlessly, because Chindian industrialization grows relentlessly. It’s an enormous multi-decade process that involves more than two billion citizens, who are all potential gold buyers. [Read more...]

How to Buy Prime Rib Gold Companies at Hamburger Prices

gold stocksYou scan the menu and notice that the prime rib and the hamburger are the same price. What do you order? The precious metals market isn’t so different, according to “Mexico Mike” Kachanovsky, consultant to hedge funds and mining companies and contributor to SmartInvestment.ca. The market has pulverized the price of top-notch mining stocks to the same level as the struggling names. So, which would you buy? In this interview, Kachanovsky reveals how to find the prime rib of the gold market. [Read more...]

Peter Schiff: We’re Going to be Hit with a Tsunami of Inflation

Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

Money manager Peter Schiff has a read on gold short sellers. Schiff says, “Of course the short sellers never had the gold to begin with!  They’re selling gold they don’t have, and I think the shorts are getting a little bit nervous, but they are going to get a lot more nervous as we turn up the heat here. Gold is now above $1,300 (per ounce).
I think it’s going to be above $1,400 before they start to panic a little bit, and I think that’s great.” Schiff goes on to say, “I like the fact the market is moving up and nobody is buying it, nobody is paying attention to it. If they are, they are dismissing it. People think this is a head fake or a dead cat bounce. Instead, it’s the resumption of the (gold) bull market.
On gold mining stocks, Schiff proclaims, “The valuations are phenomenal in the mining sector because everybody assumed that the price of gold was going to keep falling, and those false assumptions were built into these share prices.
Peter Schiff’s full thoughts on the coming tsunami of inflation, and the resumption of the gold (& silver) bull markets is below:
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Gold Bull Janet Yellen & The Dow

yellenLate in the fall of 2013, I predicted that the Fed would begin to taper QE, and keep tapering until it was gone. I stunned a lot of investors, by suggesting that this “taper caper” would be bearish for the Dow, and bullish for gold and gold stocks.
During 2014, I expect Dr. Janet Yellen to continue (and possibly accelerate) the tapering process that Dr. Bernanke started, creating more selling in the Dow, and more buying in gold! [Read more...]

The Bearish “Calls” Always Grow Loudest Near The Bottom

falling-bearIn this excellent market update, Tekoa da Silva discusses where to from here in gold and silver, and whether the metals will be taken further down with the general equities in the event of a fall 2013 market crash.
Tekoa points out the massively bearish sentiment currently permeating the precious metals market, and the fact that the bearish calls and forecasts always grow the loudest and largest near the ultimate bottom. [Read more...]

Comparing Today’s Gold Market to the 1970′s: Is the Gold Rush Over?

gold rushLots of people are comparing today’s gold market to the 1970’s.  Gold shot up to nearly $200 per ounce and crashed 9 months later to near $100 an ounce.  Of course, gold had an historic rise to $85 per ounce after that wicked pull-back.  Some, such as economist Nouriel Roubini, say “the gold rush is over,” and the seventies are not going to repeat.  The debt of today is greater by orders of magnitude from the 1970’s, and there is no end in sight.  That means gold has only one way to go (in the long term) and that’s up.  
We had a national debt of less than $1 trillion when Jimmy Carter left office.  Today, it is nearly $17 trillion, and the so-called debt ceiling is going to need to be raised–again.  Debt in the U.S government is exploding.  So is debt in the rest of the Western World, just look at Europe and Japan.
Derivatives were virtually nonexistent back the 1970’s.  Today, the official total of these debt bets is around $700 trillion, and some say it’s more than twice that much.  Pensions didn’t have funding problems back then.  Today, they are at least $1 trillion dollars in the red.  You can say the same thing for student debt—also $1 trillion in the hole. [Read more...]

Jim Willie: Raging Gold Bull & Disputed Propaganda

jim willieBy Jim Willie, GoldenJackass.com

The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold price has prompted quite the parade of clowns on the ship of fools to trumpet nonsense. The widely published and posted Gold price is dominated by futures contracts, and thus as corrupted as meaningless.
The entire global financial structure is crumbling before our eyes. The gang of central bankers has applied their monetary policy for four and a half years since the implosion of Lehman, Fannie Mae, and AIG. The first is dead, while the second has transformed into a sanctioned subprime lender again, and the latter is a sinkhole. The deceptive messages are shrill, acute, and motivated from desperation. The West cannot solve its problems, hardly properly described as a financial crisis anymore, under the current framework bound to the fiat paper currencies.

The global monetary war is heating up notably. The heavy liquidity has caused unfixable distortions in every conceivable bond market niche. The new and better debt devices have been exposed for their shams. The leading central bankers lost their credibility long ago. The weakness is as broad as it is deep, a reliance upon paper wealth and paper structures and paper contracts, during a time of zero bound interest rates and unfettered hyper monetary inflation to cover the debts. Almost no foreign USTreasury Bond buyers exist anymore.

The US has become Weimar Amerika, a fascist enclave. [Read more...]