falling-bearWhat if the Bottom ISN’T in?…

gold bullIn this Critical Market Update, the Silver Admiral Eric Sprott discusses the big recent decline in metals prices caused by recent concerns of an imminent Fed rate hike.
Can The Fed stop a “Totally Crazy” Bull Market? 

endThe United States has been in a state of declared national emergency since the elites forced the US into bankruptcy on 9 March 1933.  Every president, upon being sworn in, has to formally renew the national emergency.  Why?  When under a state of national emergency:

gold or fiatThe amount standing for gold at the comex in May is simply outstanding at 6.886 tonnes. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal.

goldThe current gold price correction is exactly what “the golden doctor has ordered, as the gold price meanders calmly down towards key support that begins near $1225.
In about a month, I expect the gold price to begin rising again, as buyers there return to the market with size that is large enough to send shock waves throughout the Western gold community…

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gold bullWith Gold and Silver Hit Hard This Week On The Fed’s Rate Hike Threat, Craig Hemke Joins the Show, Discussing:

  • Support at $1250 & $16.50: Will Gold and Silver Hang In There?
  • THIS IS THE HAMMER – Chinese Buy Barclay’s 2,000 Ton Gold Vault Built in 2012
  • Why Won’t Anyone Stand For Delivery and CRASH THE COMEX? 
  • Fundamentals Snap the Game!: “We’re Shaping Up For Something That’s Going to be MONUMENTAL” 
  • New Bull Market Is SNORTING – Institutional Investors Are BTFD! 

Doc, Dubin, & Craig Hemke Break Down All the Action In a Critical Market Update: 

SprottEric Sprott breaks down this week’s huge gold and silver raid as the Fed threatens a rate hike in June, resulting in carnage in stocks and paper gold and silver
Is the smash just getting started, or is this the pullback opportunity for buying gold and silver that funds and institutional investors have been waiting for?

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:

Libya actually does have a significant amount of gold and silver that it could use to sell and convert to cash, but it’s in a vault that requires a five-number access code that nobody seems to have…