Gold, Silver Junior minors (minus bgl) are accompl
Post# of 9903
Posted On: 09/26/2014 2:20:17 PM
Gold, Silver Junior minors (minus bgl) are accomplishing major triple bottom.
Let’s start with the conclusion. The charts are quite positive for gold prices
, silver and their stocks. Crude oil remains in a two year uptrend and looks strong, particularly considering the political situation in the Middle-East. A spike higher in crude oil prices will hurt the S&P Index, consumer spending, and the economies and corporate profits in oil-importing nations. The S&P has been rallying for a very long time – perhaps too long.
Politics and Perspective
1) Central banks are monetizing debt – “printing money,” and global debt is already unimaginably large and growing exponentially. Consumer prices for food and energy are rising – rapidly in some cases. Few people in Japan, Europe or the United States are benefitting from the “money printing,” excessive debt and rising prices. Would central banks be “printing money” and would sovereign governments be borrowing and spending so aggressively if economic conditions were positive? Expect more QE, inflation in food and energy prices, and an eventual rush into gold and silver.
2) Consider Ukraine, Iraq, Iran, South China Sea, Syria, and more. These conflicts do not bode well for sub $100 oil, debt based economies, and countries that import oil in quantity – such as Japan, Europe, and the United States.
3) “Amateur hour” in foreign policy is not inspiring confidence.
4) June is, historically speaking, not a good month for gold prices, but this June is looking quite positive for gold. When gold does well in a “bad” month, it indicates particular strength. The Aden Sisters made this commentary on gold and silver.
MARKETS
Gold: The weekly chart shows a “head-and-shoulders” bottom with a buy signal from the TDI Indicator. Prices are on the verge of breaking out of a 20 month downtrend and should rise above short-term resistance around $1300 to fill the gaps around $1,330 and $1,500.
http://goldsilverworlds.com/category-technica...le-bottom/
Let’s start with the conclusion. The charts are quite positive for gold prices
, silver and their stocks. Crude oil remains in a two year uptrend and looks strong, particularly considering the political situation in the Middle-East. A spike higher in crude oil prices will hurt the S&P Index, consumer spending, and the economies and corporate profits in oil-importing nations. The S&P has been rallying for a very long time – perhaps too long.
Politics and Perspective
1) Central banks are monetizing debt – “printing money,” and global debt is already unimaginably large and growing exponentially. Consumer prices for food and energy are rising – rapidly in some cases. Few people in Japan, Europe or the United States are benefitting from the “money printing,” excessive debt and rising prices. Would central banks be “printing money” and would sovereign governments be borrowing and spending so aggressively if economic conditions were positive? Expect more QE, inflation in food and energy prices, and an eventual rush into gold and silver.
2) Consider Ukraine, Iraq, Iran, South China Sea, Syria, and more. These conflicts do not bode well for sub $100 oil, debt based economies, and countries that import oil in quantity – such as Japan, Europe, and the United States.
3) “Amateur hour” in foreign policy is not inspiring confidence.
4) June is, historically speaking, not a good month for gold prices, but this June is looking quite positive for gold. When gold does well in a “bad” month, it indicates particular strength. The Aden Sisters made this commentary on gold and silver.
MARKETS
Gold: The weekly chart shows a “head-and-shoulders” bottom with a buy signal from the TDI Indicator. Prices are on the verge of breaking out of a 20 month downtrend and should rise above short-term resistance around $1300 to fill the gaps around $1,330 and $1,500.
http://goldsilverworlds.com/category-technica...le-bottom/
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