Until Last Week, Gold Prices Were Rocking and Rolling.
Has Gold Lost Its Mojo?

Trump is beginning to pressure Japan to push the dollar lower against the yen.
It’s likely a question of when, not if, Abe orders his central bank to kill the Japanese QE program.  When that happens, the dollar could stage a dramatic collapse against the yen. 
If the dollar collapses against the yen, it will collapse in an even bigger way against gold.

Silver is beginning to act with less volatility, and more like a slightly “jacked” version of gold!
On rallies, silver is outperforming gold against the dollar, but not excessively so.  
Modest out-performance by silver against gold tends to occur during long term up-trends. Wild out-performance tends to occur when the precious metal sector is ending a big uptrend.
The current action in the silver market is ideal for investors…

launch-rocketFor the funds, this is a very dangerous situation, and one that could produce a violent move higher in the gold price at a time when that seems impossible.
Gold bugs should pay attention to current commercial trader liquidity flows, which suggest that a major gold price rally is either imminent, or already underway!

trump-goldGold has a cyclical tendency to decline ahead of a rate hike, and rally after it is announced.
This time, the US election may delay the rally, but create one that is bigger and more sustained than the rally of 2016. Here’s why:

ride-rocket-upGold stocks and silver continue to exhibit substantial strength in the face of the decline in the price of gold.
Is that strength hinting that a substantial rally will follow a Fed rate hike? 

down-fall-smashA US government bond market panic is becoming a potential event that serious money managers will need to think about very carefully.
I would suggest they start thinking about it… NOW.

willieThe next crisis will be a full deleveraging event that involves both public and private assets. I call it the “End Game”.
As it unfolds I expect markets to act more like they did in 1929 than 2008, and end with gold revaluation…

storm-boat-wavesThe world is only hours away from key BOJ and Fed meetings that could create a SEA CHANGE in global markets.
A rate hike from the Fed would create panic in the stock market, and investors would flock to gold, just as they did after the first rate hike in December…