Obama Issues Statement On The Death Of Saudi King Abdullah, Praises “Vision”, US-Saudi Relationship

Gold, Silver, Platinum Should Keep on Shining

Though precious metal skeptics are hardly in short supply, the metals and mining stocks have clearly bottomed.
By

Michael Kahn

January 20, 2015

With no inflation in sight and the U.S. dollar still soaring, there is no real fundamental reason for gold and silver to move higher. Yet, that is exactly what they have been doing. And mining stocks are doing even better.

Markets trapped in relentless bear markets make many attempts to change their fortunes, and the charts are littered with false breakouts and shamed bulls. But when bearishness is the norm, especially after what appears to be yet another breakdown on the charts, a real reversal can develop. That is what looks to have happened last October.

On a weekly chart, the failed support break and intraweek reversal are clear (see Chart 1). Of course, in hindsight everything is clear, but as I wrote here in November, gold scored a short-term turnaround that could send it back to its 200-day moving average (see Getting Technical,”Gold: It’s Time to Buy,”November, 19, 2014).

http://online.barrons.com/articles/gold-silver-platinum-should-keep-on-shining-1421791737

Saudi Arabia’s King Abdullah dies

Abdullah bin Abdulaziz was the fifth of his brothers to take the throne and became king in 2005, reports Caroline Hawley

Saudi King Abdullah bin Abdulaziz has died in hospital, state TV says.

The announcement, made early on Friday, said his brother, Salman, had become king.

Before the announcement, Saudi television cut to Koranic verses, which often signifies the death of a senior royal.

King Abdullah, who was said to be aged about 90, had been in hospital for several weeks suffering from a lung infection.

Abdullah came to the throne in 2005 but had suffered frequent bouts of ill health in recent years.

more http://www.bbc.com/news/world-middle-east-30945324

Fire up the Fan! One more Black Swan on the wing!

Yep and hope it’s not replaced with radicals.

Maybe best he may just go talk to the others next. Unbelievable in your face Bias.  I’m thinking now don’t be in high rises anytime soon.

http://m.bbc.com/news/world-us-canada-30941090

Link doesn’t work for me. No problem, I am right around the corner, geographically speaking. Health not so good right now,  otherwise we could speak over a beer. Fire away, I’ll answer as best I can with honesty…right or wrong.

per bubblevision

Instead of selling off for a couple of days, it sold off intraday and rallied. It couldn’t get back into the triangle after breaking out. Supply bull markets tend to make corrections and follow trend lines, channels and fib numbers. Demand bull markets run long distances with few or no corrections. They are usually supported by strong cash markets.

This pm market may run very far with folks on the sidelines waiting for a correction to buy in.

rno

They resort to nepotism too funny

http://www.cnn.com/2015/01/13/politics/mccain-calls-graham-his-illegitimate-son/?iid=ob_mobile_article_footer_expansion&iref=obnetwork

I’ll drink to that ……  Gold and Silver  are smoking hot !!

Nipozzano …. my favourite weekday wine

Gold in CDN

:

Winedoc

Gold and Silver are smoking.

I have a question in regards to how and when you would go short on gold? Here my email: aljandkorbin@gmail.com. Would appreciate your input and if you could get back to me.

The beginning:
Spot Gold $260 in Feb ’01
plus 17% $304 in Feb ’02
plus 17% $355 in Feb ’03
plus 17% $416 in Feb ’04
plus 17% $487 in Feb ’05
plus 17% $570 in Feb ’06
plus 17% $667 in Feb ’07
plus 17% $780 in Feb ’08
plus 17% $912 in Feb ’09
plus 17% $1067 in Feb ’10
plus 17% $1248 in Feb ’11
plus 17% $1460 in Feb ’12
plus 17% $1708 in Feb ’13
plus 17% $1999 in Feb ’14
plus 17% $2339 in Feb ’15

NOTE: Gold still stuck in 2011, $1000/oz too low for these days. Giving TPTB insiders or countries plenty of time to build up reserves for the future stability of economies.

Gold was $140 in the black market before 1971, while the traitor mole foreign US gov’t we had was giving, redeeming our Gold to foreign countries at $35. Until too many Americans found out, demonstrated, and got the embezzlement STOPPED in 1971. Nixon did nothing.

(after ’71 foreigners got many or our industries for free, instead of gold at $35) You people driving imported cars should be ashamed of yourselves.

Most things priced in 1971 are 20 times more now…$140 times 20 = $2800 Gold. That’s bare minimum. That Armstrong guy is a dinosaur. Stuck in the old days. Or gov’t media lap dog. Or just making money selling his words.

Gold will top…it always has and still will until its price is officially fixed. We are overbought now but, still have more room to run up, imho. Unless we break $1340 we have made a lower high. Then still we have the probability of making a higher low at the next bottom. Ready to go into puts here but, not quite yet.

I think all the other commodities are far easier to over produce when the high price incentive is there. Gold is more a global currency than a commodity.

I think is too hard to over produce. High physical price incentive probably only nets more recycling, or selling of already owned coins to fill demand. I think Gold is really way too cheap at $12-1300. This could be a repeat of 2001 and $250 Gold, with the $1160 low same as the $250 low.

Gold still looks like a long term uptrend to me. The run to $1900 was not supposed to happen so soon. Way above the 17% APY line. TPTB may have engineered or been responsible. A stunt to bring in physical for needed deliveries. For themselves? For Germany? Who knows? They can print and pay high. Paper cost for them doesn’t matter.

http://classic.tradingcharts.com/chart/GD/M

Can Gold Continue to Rise?
Posted on January 22, 2015 by Martin Armstrong
GCFOR-D 1-22-2014

We need a closing ABOVE 1305 to keep gold neutral right now. Additional key resistance begins at 1310, 1319, 1321, and 1326. It may prove to be very difficult for gold to rise beyond this seasonal high in the face of a very strong dollar. Caution is the word that applies to gold right now.
Sent from my iPhone

Could be quite bullish action–as per my earlier post…The divergence is really extreme right now–and the stocks are working off their o.b. condition without really giving up anything–I gotta call this a bullish divergence…

because  this trick has been happening for about a year at least now. This is a slick trading trick when people leverage shorting instruments on the stocks anytime we see physical pricing  rip. They know they have protection of the Fed who manages the PM stocks with an iron fist.

Mr Copper, if this is the case, why does Gold get a “Get out of Jail Free” card. Damn confusing for me, and that’s just the way they want to keep traders

Its more likely higher dollar causing lower copper imo.

http://classic.tradingcharts.com/chart/CP/W

http://classic.tradingcharts.com/chart/US/W

Copper choppy lateral since ’73 to ’04, China or Economies booming did NOTHING to raise copper for decades. TPTB are losing control. You won’t hear this on their media. Flat copper for decades thru booms or busts. They never talk about the dollar. Oil did not go up or drop on its own. Lower Dollar makes things get go too high = over production and less consumption, or dollar to high causes lower prices = less production and more consumption.

Its called unstable currency value, or a drunk steering left and right, or children moving levers every which way in a nuclear power plant.

http://www.mrci.com/pdf/hg.pdf

Gold up $12, $us up $1.36 and HUI down

I love it when the shorts get their heads into the vice grips and can’t get out. Ruthless!

The US dollar has been on a tear recently too. We’re now at 94.42 today

re The Feeeeeeelth.

sad to say GS and JPM are both up 3 % tdy and counting…….the Scum know who is winning….so far.

Cheers