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## Bullets, Beans

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## BULLION

• - from Voice Of Europe: The trial against migrant Ibrahim C. started yesterday. The man allegedly raped an 18-year-old teen at a Berlin party area, Germany...
1 hour ago
• - [image: The first NVIDIA G-Sync HDR monitor is on sale, but it costs $1,999]NVIDIA G-Sync HDR gaming monitors promise great specs with required features 1 hour ago • - [image: The first NVIDIA G-Sync HDR monitor is on sale, but it costs$1,999]NVIDIA G-Sync HDR gaming monitors promise great specs with required features
1 hour ago
• - In your everyday life, a minute might not seem like much. But, as Visual Capitalist’s Jeff Desjardins notes, when it comes to the vast scale of the interne...
3 hours ago
• - Anonymous: The Truth About All Central-Bank Controlled Nations The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , vi...
3 hours ago
• - Anonymous: The Truth About All Central-Bank Controlled Nations The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , vi...
3 hours ago
• - Oil markets will remain on watch this week as prices have reached levels not seen in nearly four years. Later... The post Weekly Outlook: Oil and Consume...
3 hours ago
• - COMMENT: I attended your 2015 WEC where you laid out the future for the euro. I was skeptical, to say the least. All these people constantly focus on the d...
5 hours ago
• - Harley breaks-down the good and the bad within the Trump Administration, including the tell-tale signs that there’s infiltrated Deep Staters… Harley Schl...
5 hours ago
• - Bubbles and crashes occur throughout history. There actually doesn’t appear to be any set frequency as to when crashes will happen. Since 1950 we note cras...
6 hours ago
• - Bill Holter’s Commentary What…these countries don’t trust us to hold their gold? Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar M...
11 hours ago
• - “I’m a bear on the economy. We have a jobs number today that’s classified as weak. We have soft data that’s weak. We have hard data that’s weak. Logic say...
13 hours ago
• - By Eswar Prasad Financial Times, London Sunday, May 20, 2018 https://www.ft.com/content/3d4d1190-5931-11e8-806a-808d194ffb75 The dollar reigns supreme in...
18 hours ago
• - Mining Weekly/Simone Liedtke/5-17-2018 “Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increas... 18 hours ago • - Wrapping up its winter drill program, holes on this company's property in the Northwest Territories included discovery of visible gold. Visit the aureport.... 1 day ago • - What’s going on with gold, the dollar and interest rates – especially gold? All of the variables that fundamentally support much higher gold prices are li... 1 day ago • - Gold ReviewThose that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term ... 1 day ago • - Precious metals futures declined sharply this week. Gold was alone with gains on Friday, rebounding from its lowest price of the year, but the yellow metal... 1 day ago • - Get Trading Recommendations and Read Analysis on TheMorganReport.com for just$50 per month. | http://www.themorganreport.com/join Gold Hits 1 Year Low...
1 day ago
• - Jesse Felder, formerly with Bear Sterns, joins Silver Doctors to sound the alarm we're headed towards the "perfect storm for gold." "We're in the midst of...
1 day ago
• - Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi ...
2 days ago
• - Our friends at Hard Assets Alliance offer another timely and insightful piece for your consideration. read more
2 days ago
• - The precious metals of Gold and Silver saw net weekly declines, -$29.40 (2.2%) to$1291.30, and -$0.30 (1.8%) to$16.45 respectively. Near term outlook is ...
2 days ago
• - This post A Central Banker’s Plan for Your Money appeared first on Daily Reckoning. Elites speak publicly about their plans — but in ways only other elit...
2 days ago
• - Snippet: Gold fell $4.90 to$1286.10 at about 9AM ET before it bounced back to $1292.90 in the next couple of hours of trade and then pared back to about ... 2 days ago • - It seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl M... 2 days ago • - Whenever corporate debt-to-GDP has had sharp runups, reaching levels of 40% plus, recessions have followed. Three times since 1986, aggressive taking on o... 2 days ago • - Weary of stagnant metals and ready for the pending wealth transfer? Silver and gold guru David Morgan returns to Reluctant Preppers to report that he see... 2 days ago • - At Provident, we aim to make it easy to find the products and information you want. In line with that goal, we’re excited to unveil a new feature on our ma... 3 days ago • - Now that the small caps have broken out to new all time highs there’s no longer any doubt at all that the perma bears got it wrong again. We are in a lon... 3 days ago • - Written by Chris Marcus for the Miles Franklin blog. There’s a saying in the financial markets that a bubble can stay inflated longer than you can stay sol... 3 days ago • - When people think about the future of cash, an increasingly cash-lite Sweden is one of the benchmarks that is often brought up. Yet Iceland should not be i... 4 days ago • - I think that solar has been suppressed, because energy is power. THEY don’t want you to hav 5 days ago • - *Market Pendulum provides a set** of unique, original and world class technical metrics designed to add premiere positions to any trading portfolio when ... 5 days ago • - Precious Metals and Oil have a History Precious metals, especially gold, have long been known for their incredible value and powerful purchasing power all ... 5 days ago • - [image: worldwide crypto ban]In the world of crypto, false rumors abound. Talk of a worldwide crypto ban is the latest and most incredible claim of this na... 1 week ago • - A sideshow is a secondary production associated with a circus, carnival, or other main attraction. Gold is now caught in a crossfire of world thought. The ... 2 weeks ago • - The Perth Mint’s first 2oz silver bullion 'piedfort' coin features a mother and baby koala. Piedforts take their name from the French words for ‘heavy we... 2 weeks ago • - *By Olivier Garret, Hard Assets Alliance* A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metal... 3 weeks ago • - Altcoin News – John McAfee Crypto Prediction, Yahoo Japan, Youngest Crypto CEO? Futurama Conference 5 weeks ago • - Singapore has been a major gold supplier to China since 2013, which was previously not publicly known. According to Statlink, Singapore net exported 102 ... 1 month ago • - I have a post up on Monetary Metals commenting on Jeffrey Snider's observation of the anomalous situation in the gold market between 2013 and 2016 where ne... 1 month ago • - Download Laughter in Waikiki Subtitle Indonesia *Drama Korea Laughter in Waikiki Subtitle Indonesia (All 8 Episode)* – Hallo kawan para pecinta *drama ... 1 month ago • - 34 minute Free Crypto Trading Course CONTENT DISCLAIMER: I am not a financial advisor nor do I have a CMT certificate or anything of the like. Any decisi... 3 months ago • - The Year of the Dog Begins and Gold Gains 3% On the Week The Chinese New Year, also known as the Spring Festival, begins today and formally initiates the... 3 months ago • - Are the Trump tax cuts going to help the economy or hurt it? The answer is both. Economist John Williams explains, “The tax cuts are generally positive. An... 3 months ago • - Crypto Update 2/5/18 World Ponzi To get these updates immediately, you can become a member at http://brotherjohnf.biz/plans/subscriptions https://www.wor... 3 months ago • - The bank still fails to provide an explanation for its activity in the gold market. * * * By Robert Lambourne Disclosures in the December 2017 statement of... 3 months ago • - Bitcoin, the number one cryptocurrency, is down by 20.47% in the last 24-hour period, according to CoinMarketCap. The flagship cryptocurrency is now trad... 4 months ago • - zerohedge.com / by Shane Savitsky via Axios.com / 12/31/2017 If 2017 has seemed to you like a long and terrible year filled with bad news, then here’s s... 4 months ago • - Max and Stacy discuss the overpriced, and yet worthless, tilting and sinking skyscraper of San Francisco as an analogy for political parties not built into... 5 months ago • - *Disclosure: Most articles which publish 'reviews' of a MLM scheme are in fact not honest, but rather a sales pitch dressed up as an independent article. T... 6 months ago • - ALERT! Brace for a Rally in Silver Prices – The Market’s Stepchild will Outperform All... [[ This is just a short excerpt Go To http://www.silver-shortage... 6 months ago • - The gold price has reached a near year high despite stock markets recovering, hitting$1357.17 in the early hours of this morning on the back of continuing...
8 months ago
• - Marc Faber’s disenchantment with equity shares, especially US stocks, is well-known. However, it is... [[ This is a content summary only. Visit http://www....
8 months ago
• - Michael Ballanger
9 months ago
• - What again is the case for gold? Real, heavy, in-your-hand gold? It is an anchor to the time before the Good Ship Lollypop set sail on these uncharted waters.
1 year ago
1 year ago
• - The Outlook for Gold in 2017
1 year ago
• - kelebihan dan kekurangan uang kertas | Uang Kertas Sesuai dengan namanya, uang kertas adalah uang yang terbuat dari kertas. Uang ini termasuk dalam jenis ...
1 year ago
• - Although things have been quiet, gold related discussions still boil away in the background with one gold vault in particular always moving back into the ...
1 year ago
• - AS OF NOVEMBER 20,2016 TRADER DAN HAS NO CONNECTION TO WWW.TRADERDAN.COM. I AM NO LONGER PROVIDING ANY OF MY WORK CONTENT THERE. ALL OF MY WORK CAN BE FOUN...
1 year ago
• - Gold's next major upleg was likely unleashed by a very-dovish FOMC this week, which now has its hands tied on hiking rates or being hawkish due to the US e...
1 year ago
• - https://www.conservativereview.com/commentary/2016/09/is-the-treasurys-proposed-ban-of-gold-jewelry-a-sign-of-things-to-come “The U.S. Treasury is proposing ...
1 year ago
• - It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George ...
1 year ago
• - These articles were published on Minyanville.com on 26th April in History. Checkout how time flies enjoy reading!Despite "Divorce Rate Indicator" Stock Cha...
2 years ago
• - Gold is gold, gold has been gold and gold will remain gold in the future – this statement says everything about the value of gold. It is a precious metal...
2 years ago
• - *Back To The Future — DeLorean 2015 1oz Silver Proof Coin*The Back to the Future Coins from The Perth Mint will be released imminently. Once available you...
2 years ago
• - *Gold* in New Zealand dollars: $1757.61 per oz Previous all-time high:$2311.02 per oz (15 Nov, 2011) Low since previous high: \$1477.01 (9 January, 2014)...
2 years ago
• - What is a bitcoin worth? The answer may rest with the price of gold as both currencies compete to be the preferred investment during economic instability.
2 years ago
• - "JPMorgan et al, which certainly includes the BIS, have an iron grip on prices" ¤ Yesterday In Gold & Silver The gold price traded flat until it develop...
2 years ago
• - According to the latest report from the US Mint, sales of the American Gold Eagle bullion coins soared in March from both the previous month's sales and th...
3 years ago
• - I had a question the other day asking “Does term “sudden” in your chart relevant to second derivative? In any … Continue reading →
3 years ago
• - In investing, the hardest thing to do is nothing. There is always the hot new stock or sector that demands our attention. In investing as in life, the ha...
3 years ago
• - *YES, LIKE CONTINUING TO COME HERE FOR -vegas INFO* *NEW POST IS UP AT www.traderzoo.mobi WHERE I TALK ABOUT FX CONDITIONS THE LAST COUPLE OF DAYS AND WHA...
3 years ago

## Monday, 9 January 2012

### Precious Metals Parabola Likely to Begin Later This Year

Yes, it is quite amazing just how long it takes for one’s theses to play out; in this case, just how long an overleveraged and over-managed financial system can stay glued together. Believe me, I am not a pessimist, nor do I wish our world to be plunged into chaos and even more uncertainty than we already experience. I am a realist, and the picture has looked bleak for the better part of a decade now. Gold and silver have risen from the dead over that period and now find their place among the general population’s lips.

The End of Phase 2

Phase 2 in the metals was supposed to see more vigorous drives than its predecessor, Phase 1, which was more of a simple inverse relationship to the dollar. It did indeed. More institutional participation was expected and showed up. The moves in the metals were supposed to be less correlated to the dollar, and we witnessed periods of that relationship being both direct and indirect. Phase 2 went down like the paper read, and it ended midway through 2011. The resulting consolidation has been tricky and often violent. While I am not quite inclined to call it officially over yet, there is some gumption to the possibility that they confirmed their bottom on the Thursday before New Year's at 1525 gold and 26 silver. If we look back to the consolidation between Phase 1 and 2, during the credit crisis meltdown, we find that gold dropped close to 40% and silver around 60%. From Phase 2 highs, this would indicate further declines to 1200 gold and 17-19 silver. Again, while those prices are certainly possible, especially in an environment where the dollar shows relative strength against the euro, it will take a good bit of work to get the metals down there. Current prices are attractive to many investors including myself, especially if one takes a longer term approach. My strategy is to take some smart stabs here and there just in case the metals decide to test and breach their rather intact downtrend lines sooner than expected.

Phase 3 Fireworks

Most long-standing bull markets end with some sort of mania phase. I am quite certain that this has not yet occurred for the metals. While the action in early 2011 was impressive to be sure, it was not the end-all ramp that naysayers are claiming. The retail sector was still predominantly on the sidelines for most of the move. That group’s ultimate participation will be the main driver of the explosion that is, on paper, called Phase 3. This phase is supposed to see close to 90% of the gains in just 10% of the time. My timeline is beginning to take shape. I think the consolidation resolutely ends by September this year and then you mark off 10% of the time. The bull market is now 11 years old so we could be talking about a Phase 3 top in late 2013/early 2014. Of course, such a move will need a catalyst. At this point, the most likely emerging catalyst seems to be on this subject of European debt and the interbank contagion that could result from widespread writedowns. Of course, US debt continues to break post World War II records in both nominal terms as well as versus GDP. Only Ron Paul represents any substantive change politically, and of course that will come with its medicine. There are clear reasons to fear that the stitches and crutches provided by central banks will ultimately be overwhelmed, despite how their actions have prevented a complete system breakdown thus far.

MF Global a Harbinger

For those wondering just how painful a bank crisis could be, look no further than MF Global (MFGLQ.PK). This experience has taught us first hand to pay no attention to laws and protections provided. Segregated accounts simply do not exist. Further, we see just how much fine printed law allows banks and brokerages incredible latitude in the types of transactions they can perform. We have also seen that money ‘in the system’ is not nearly as traceable as one would think or hope, and clawback rules are often subject to other fine print laws preventing it. Make no mistake, MF Global has now institutionalized the concept of stealing customer money in a bind. In a great and widespread pressure, tracking money will be like the proverbial needle in a haystack. Public claims have been made on identifiable private property. No backstop has emerged. It is truly scary stuff, and whether or not you had exposure to MF, lessons for the future must be learned. In such an environment, one could easily see another catalyst for parabolic precious metal gains to emerge. Certificates and rights will matter little in that scenario. Keep this in mind as you decide just how to play the sector.

Current Strategy

There is a great deal of chatter about a precious metals bottom here and much of it I think is valid. They have certainly held at a predictable and important retest point. My only hesitation in jumping in full throttle is that downtrend lines still dominate the near term landscape and the consolidation has not been as long as prior ones. Most consolidations thus far have been about 18 months long. Obviously, as your broker will tell you, past results are no indication of future performance. The best strategy seems like smart bids on weakness to begin building a position. Then, if technical accomplishments emerge in the future, like the breaking of a downtrend line, one can average up. It’s far easier to average up than to ignite a position from scratch on such a feat. I will be picking here and there, cognizant still that the likely upside that is to come could be capped at technical resistance. With that said, the COT report, sentiment levels, daily and weekly RSIs, have all returned to far more bullish readings. In the end, I cannot rule out a summer drive to new lows in both silver and gold. What I can say quite emphatically is that a move to fresh lows will present an even better entry point than the enticing one available now—a precious parabola has not come yet. No, quite certainly, it is in the making. The only question is how precise, how cute, how risk-tolerant, one is in these moments in front of it

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## A Refreshing note

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