explosionThis is a global game changer…

silver ride hangWe start with silver because we continue to hold that silver will outperform gold during the next move higher in the Precious Metals, over time.  The base shown on the chart is substantial for supporting a considerable rise in price, and we project it to the $36.50 level.  This presumes that a normal bull market unfolds.
If economic collapse occurs, then HANG ON for price rises that few have ever experienced in this arena…

rocketWe’ve spent the last two weeks making some bold predictions about the price of gold, the Bank of Japan and interest rates. Now here we are at the end of the month and things have unfolded almost precisely as we’d hoped.
The GDP numbers finally sparked the metals as there is now hardly anyone left on Planet Earth who thinks that The Fed will raise rates again in 2016.
All of this sets the stage for a return of Spec money and open interest to gold in August and, just as we’ve been forecasting, NEW 2016 highs for gold and silver…

Caption Contest 1Japan announced announced last week that its TOCOM commodity exchange would begin trading physical gold – like the Shanghai Gold Exchange – on July 25th.
The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east.  
It will also create an big upward price-readjustment in gold and silver…

Sprott“This logjam of paper supply WILL be broken some day, and there’s lots of signs it could be VERY Imminent!”
The Admiral of the Silver Market Eric Sprott discusses today’s DISMAL GDP report, and assesses the market conditions for gold and silver headed into August –
At $1350 and $20.50 gold and silver prices are right at their breakout points! 

U.S.-Gold-Imports-From-Switzerland-MontlySomething quite extraordinary took place which hasn’t happened for several decades.  While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.
How much gold?  A LOT…

explosionMining stocks appear ready for another big upside move. 
With gold in a state of scarcity and with the mining stocks historically undervalued in relation to the price of gold and silver, the mining stocks have the potential to make a move that will rival the move made by the internet stocks in from 1998 – 2000.