Doc invited me on Silver Doctor’s Weekly Gold and Silver Market update this week. The Fed’s threat to raise rates in June were largely targeted at cooling off the big move in gold and silver, which were about to take off like a runaway freight train. We discuss:
- Is the Correction Over? Bullion Buyers “Shellshocked” As Gold & Silver Prices Jump Higher
- “There Was Never Any Intent to Raise Rates” – It Was All About Targeting Gold!
- Unprecedented Development in Gold – RECORD Amount of Gold Standing for June COMEX Delivery
- Friday Was A Shift in Sentiment: “I Think We’re Going to Go Alot Higher”
- The Most Heavily Shorted Mining Stock in the World Jumps Over 15% – Hedgies & Algos Jump Back On the TrainDoc, Dubin, & PM Fund Manager Dave Kranzler Break Down Gold & Silver‘s Huge Moves Friday:
The junior mining stocks are more undervalued right now in relation to the price of gold and silver than at any time in history. Some of the companies that I present in my Mining Stock Journal will turn into lifestyle-changing investments. Click on the image above or on this link to subscribe: Mining Stock Journal
I’m enjoying and am really pleased with the results so I wanted to say thanks. – Subscriber “Jason”
“The Fed’s threat to raise rates in June were largely targeted at cooling off the big move in gold and silver, which were about to take off like a runaway freight train…”
Dave I feel like they have to at this point. The manipulation of all markets so far away from fundamentals [which ALWAYS win out in time] for so long, means when they lose their grip the relative peace, uninterrupted supply of goods, social calm, and the ability to communicate freely [even if NSA monitors it] will be gone.
I believe if gold and silver go way up in dollar value before a black swan descends, those prices and what will follow WILL become the black swan. In other words I don’t think G & S can be way higher and have a functional society.
Chinese govt. has recently put a floor under the Gold price … Maguire …
Sometimes miracles happen . Slowly
the sentiment is changing against them , but we need only one big miracle – Comex and London Fix going to hell , because they still in business manipulating everything.
I expect the premium on G & S to go way up due to delays meeting demands, long before the spot price fixing stops.
Clif High’s ALTA report, just released, points to gold, silver and Bitcoin all heading higher through the second half of 2016. The recent rise in bitcoin to its current price of 585 USD indicates that his prediction of a rise in BTC to $650 in July is not far off.
Reasons cited for the recent rise in Bitcoin? Heavy Chinese interest. Why the Chinese? Because of China’s practice of devaluing the yuan while at the same time implementing capital controls is driving the Chinese towards “safer” alternatives.
China is also advocating that their citizens acquire gold. With so many Chinese on the planet, I think it is obvious what this will do to gold demand.
Page 25-32 of the ALTA report makes for very interesting reading. I’m looking forward to Clif’s interviews coming later this month.