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$ GCG15 – February Gold (Last:1193.50)
January 5, 2015 12:30 a.m. EST

There have been five rally attempts since gold made what looked like a promising low in early November, but none has been anything to write home about. The term ’sucker-bait’ comes to mind, or perhaps ‘bull traps’, mainly because each of the rallies has come off a low that occurred just beneath some prior low. This implies that more than a few bulls would have gotten stopped out near the respective lows, lightening the selling load ahead of the next rally. Under the circumstances, it’s somewhat surprising that the rallies have been so fleeting and feeble.

This is not the behavior of a commodity that wants to go higher, and so you should exercise particular caution if you incline toward trading gold only from the long side. If and when it heads lower, which is what I expect, look for the February contract to fall to at least 1114.80 in search of traction. (My long-term target is still $810, by the way.) This Hidden Pivot support was first broached here nearly two weeks ago with gold trading around these levels.

As I mentioned last week, I’d happily change my mind and wax as bullish as the next guy, if not quite bullish as all get-out, if and when the February futures hit 1256.30. That would generate a robust impulse leg on the daily chart for the first time since August 2013. However, you should keep mind that that rally, promising as it seemed at the time, proved to be…sucker-bait. Meanwhile, and most immediately, the futures appeared to be consolidating Sunday night at an 1190.80 midpoint pivot for a further push to 1203.80, its ‘D’ sibling. They’ll need to exceed it, though, to imply that buyers are not fixing to roll over yet again.

(Japan)”They might also go cuckoo and start a war with China for control over the oil fields of the South China sea. It is hard to see any other outcome from such a conflict other than China kicking Japan’s ass.”

What? No mention of the US?

“Baghdad Falls to Islamic State forces.”

I don’t think the millions of Shia Moslems would just stand aside … let alone the US and Iranians.

“Pakistan and Afghanistan both continue to melt down into ungovernability. India is forced to take over administration of Pakistan and remove nukes.”

Anyone with a knowledge of history would know that this one’s a non starter. These people hate each other.

You can talk to the residents of Connecticut and they know what’s going on.  If you talk to them they will tell you that they did not vote to get the governor Malloy re-elected.  But since they use electronic voting and they count the votes. Well enough said.

There is something dangerously wrong with the state of Connecticut.

Next time someone calls me a doomer, I’m going to give them a copy and tell them, here’s what a real doomer looks like! I’m feeling quite optimistic right now thank you!

A 17 year old girl was taken by force by Connecticut authorities because she refused chemo therapy for Hodgkin Lymphoma cancer.  She  wanted to try alternative methods.   They are attacking us for all fronts.

Algo’s still in action…..oil is dropping with SM, but when SM rallys Oil styas dn, just like PM’s do etc….also PM stox no where GG and NEM etc up less than Au.

rose all day-with little pullback–and are now strengthening as the stock mkt nears the close-HUI on its high and Feb gold on its high–solid action-now let’s see if we get follow thru mañana!

and this with the $ index up 239 bps….yet 400 off it’s high…maybe the $ rolls over tomorrow….

World financial markets are like a pie crust stretched across the roof of a volcano.

will be here for a few more days ,then its back to Virginia !

More Kunstler 2015 forecast–he waxes lyrical

The dollar these days represents two kinds of capital. The first is the stuff that the US has built and invested in since, say, the end of World War Two: a wasteland of aging and decrepitating suburban sprawl, that is, the infrastructure of a living arrangement with no future, the greatest entropic sink in human history. It extends to whole cities and their subsystems, e.g. the hell-hole of Las Vegas with Hoover dam and the dwindling reservoir of Lake Mead. Before mid-century, Las Vegas will be as desolate as Egypt’s Valley of the Kings. Try to imagine the money that went into building all that stupid shit in the desert. In another decade, across America, the housing subdivisions and commercial highway strips filled with tilt-up box stores, muffler shops and burger dispensaries will retain less value than the pyramids of Palenque had for the Mayans after their society rolled over and died. The so-called real economy is a New Age serfdom of burger fryers and janitors, indentured to that entropic sink. Below them is a widening slough of methedrine, child abuse, and tattoo art on its way to becoming Soylent Green. To put it bluntly, the dollar is entropy’s algo bitch.

Usdx has two recent gaps that may be exhaustion gaps. Bond market has big move up while stocks are down hard. Gasoline is $1.60 in Oklahoma now.

Cactus drilling company is stacking 22 rigs. The sh!tstorm may be closer than we think.

rno

No time to get into the dollar or manipulation schemes but it’s not going to suddenly change anything for now. Were  losing  the currency war and they are apparently giving it a green light. Why wouldn’t they be since things growing in their terms.

Kunstlers 2015 forecast

Finance and Banking

As 2014 closed out, that kit-bag of frauds, swindles, Ponzis, grifts, bait-and-switches, and three-card-monte scams is looking at least as wobbly as it did in 2007 when Wall Street was busy manufacturing booby-trapped MBSs and CDOs. Except we know the true aggregate risk at stake has only grown larger and more hazardous due to all the strenuous efforts by authorities since the panic of 2008 to evade any natural process for clearing mal-investment and debt gone bad. A lot of that stank was simply shoveled into the Federal Reserve’s basement, where it sits to this day, composting steamily. As to be expected (and averred to in my previous books and blogs) financial repression, market intervention, and statistical distortion will produce ever more financial perversity. That is the hazard in decoupling truth from reality. Imposed dishonesty will always express itself in unexpected ways. Who expected the price of oil to fall by nearly half in a few months? (More on that below.)

These days, perversity expresses itself in a morbidly obese dollar gorging on junk while bulimic currencies elsewhere projectile-vomit their value away as the economies attached to them die of malnutrition. Perhaps this comes as a surprise to central bankers standing at their control panels like recording engineers at the soundboard, tweaking all the dials and slides expecting to achieve a perfect repressive inflation rate of 2-plus percent so they can melt away the onerous debt of sovereign balance sheets and Too Big To Fail banks — incidentally squeezing the citizenry of purchasing power in small annual increments that add up, after a while, to worthless money. They did manage to extend the inflation of stock market indexes another year, which the public is supposed to interpret as “prosperity.” Half a trillion dollars in stock buybacks of S & P companies were executed in 2014, much of it done with money, i.e. “leverage,” borrowed at zero interest. Stock buybacks boost share prices, of course, but they don’t represent any real increased value in a given company. They’re just snakes eating their own tails.

Forecast 2015 — Life in the Breakdown Lane

Looking for a 40s handle . Should hit about 2.00 a gallon of gas  in New Jersey soon.

How can you say it’s not about the debt? Gold doesn’t have to go up with credit creation. They could easily being using derivatives and credit to hammer the crap out of the metals.

Ole Jimmy Boy has seen that wolf many times and I’m sure it will be here one of these days. Probably pretty soon if I had to guess…

Not about debt right now or gold would be going up with it. It’s about other countries growth slowing or imploding and people investing here which means buying dollars and it doesn’t look like anytime soon they will bring their dollars home. Right now the dollar is King.

I was looking at ancient cities the other day. Only limited  not extensive as say forensics would do but I noticed something. These sometimes mysterious cities who some had big tec innovation that can’t be matched today like pumapuku just up and disappeared or the people did. I think more study on how their cities collapsed as more and more people piled into it or became their adversaries because of what ever they were doing. In other words we had thriving civilations that suddenly became ghost towns or like Rome fell as superpower and never regained it. maybe US politicians could then learn something from it.

Just read this, good news and bad news. Bad is Jeb is pro Amensty. So people who are not invited can just walk into a country ahead of others waiting and doing it right in line first are pushed to the back of the line. Are these the kind of people we want here who have no regard for others anyways? Do we ” at this time” even need the amount of immigrants coming on anyways?  Either Jeb is just totally economically ignorant or he’s running on a platform to get Hispanic votes.

4. Hillary Clinton decides not to run for president (I liked this one, but I didn’t have more than 50% conviction about it). She fears that Jeb Bush would siphon off some of the votes of Hispanics, who substantially voted for Obama. Many liberals are disenchanted with Clinton and may not vote for her. She wants to be the first woman president but she doesn’t want to lose.

The SCUM are spraying G&S shares with an algo bath but the HUI is on its high–up a pathetic 1.41%–but the fact that gold futures and stocks are up is a great victory and a middle finger at the FILTH….

The subdued performance of PM shares cannot be ascribed to the fact that “stocks are down a lot”…that is just a cover for the bad guys shenanigans–gold should be up $100 bucks today…and over $3000…given the printing since 2008-9.

Gold continues to move into the apex of the triangle. The volatility should increase until it breaks out, then look for a significant move. Always be aware that in the silver market, go with the second breakout.

rno

Silver consumption in industrial sectors is expected to rally from 2014 on the back of a continued recovery in the global economy. In addition, along with technology innovation, new applications of silver will continue to emerge, supported by lower silver prices, according to a report titled Glistening Particles of Industrial Silver, prepared for the Silver Institute by CRU Consulting. Total silver industrial demand is forecast to grow 27 percent, adding an additional 142 million ounces of silver demand through 2018 compared with 2013 levels. Half of this growth will be accounted for by the electrical and electronics sector, but additional demand will be due to growth in other industrial applications, the report noted. Read more

… or maybe it’s because we are at the $1200 zone, top of our recent range?

The End Game is underway and in progress.
People had better prepare themselves for some conclusion events, certain to occur with fireworks.
The USDollar is soon to go away, put to rest, killed off.
Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been eerie, mysterious, and full of intrigue. The crisis is better described as the Global Monetary War.
The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route.
The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road.
It cannot be stopped, not even by war.
The safe haven is not the USDollar, but rather Gold & Silver bars & coins, otherwise defined as money.
Any nation wishing to establish trade or a monetary system centered upon gold is branded a rogue nation, subject to extreme propaganda. This is precisely why Russia is being vilified, since they want no more USDollar in trade or banking, and lead a global movement to discard the USD as global reserve currency.
The solution is with precious metals as the core to banking, trade, and currency, even wealth preservation.
The agents of change are working at hyper-speed now. The USDollar is doomed, and its captains are running for their lives.
The return of Gold to its primacy is long overdue.

more http://www.silverdoctors.com/jim-willie-the-end-game-is-underway/#more-49694

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