Gold & Precious Metals
Today’s videos and charts (double click to enlarge):
Gold & Silver Bullion Video Analysis –
US Bonds, Dollar, & Stock Market Video Analysis –
Precious Metal ETFs Video Analysis –
SFT & SF60 Swing Trades Video Analysis –
SF Juniors Key Charts Video Analysis –
Thanks,
Morris
website: www.superforcesignals.com
related:
George Soros Making Big Bets On Gold
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Ace Analyst Josef Schachter Sees Six Reasons For A Substantial Energy Decline:
During the recent robust move up in crude, the conventional wisdom and commentary in the media was that the crude price bottom was in place and that the price of crude would lift to US$70-$80 by late 2016. This euphoric phase lifted energy stocks to lofty heights, and in our opinion, excess valuation. Many stocks at the top last week were discounting $US70/b. The S&P/TSX Energy Index rose from 126 in mid-January to over 200 last week. It has now retreated and commenced another corrective phase as markets and investors overplayed the rise in crude and with the recent breakdown in crude prices have seen a start of a new down leg.
So why are we back in the bear camp? We see six issues that collectively will drive crude prices down to the low US$30’s over the next 4 months. The issues are highlighted below with further explanation of each issue.
...continue reading the entire 30 page report HERE
The Federal Reserve failed to inspire confidence that they have a handle on what is happening in the global economy. Fed Chair Janet Yellen, in a press conference, seemed to be more defensive about misleading the market explaining why she and other officials said this meeting was a live meeting and then doubled down by saying a July interest rate increase is not “impossible.”
Global markets are already losing confidence in the Fed and other central banks around the globe as it is looking more likely that they really are unsure of what to do next. It is looking more likely that the UK will vote to leave the Euro Zone and instead of providing the market confidence and cover, the markets showed disappointment after Yellen’s press conference that she and the Fed really have a handle on just what the heck is going on.
also:
This financial bubble is 8 times bigger than the 2008 subprime crisis
As you may know I’ve been volunteering with Special Olympics since I had dark hair (the 16th century) and the impact the organization makes on children, teens and adults with intellectual disabilities never ceases to amaze me. It’s exciting to see.
Special needs individuals seem to have taken on a political correctness, which is fine as long as it gets expressed in action – not words. Special Olympics athletes and their families deserve much more, which is why I am asking for your help.
The Goldcorp Invitational Golf Tournament is one of only two public fundraisers done by Special Olympics BC and hence is extremely important to Special O’s ability to provide programs for kids as young as two years old. Obviously not everyone can participate in the golf tournament but we can all help by bidding in our online auction.
It runs for only a week and closes at noon on Tuesday, June 21st – and then all high bids go through to the live action at the tournament to see if anyone wants to put in a higher bid.
Here’s an auction sample:
- Turtle Bay Resort, on Oahu’s North Shore, is the original A List Resort, ranked in the top 75 in the World by Golf Digest. Famed golfer Arnold Palmer liked it so much he designed a golf course specifically to take advantage of Turtle Bay’s breathtaking natural beauty. Bid on a four-night resort experience complete with a range of activities including golf, spa, mountain biking and water sports.
And there is much more. Concerts, trips, dinners, signed jerseys, gift certificates – or just a straight ahead donation. Have a look at the first page of auction items by clicking here, and check out the full list of live and silent auction items too – http://www.specialolympics.bc.ca/goldcorp-invitational-auction
It not only means a lot to me but more importantly your donation or bid provides help to some very deserving individuals.
Mike
Last week the Wall Street Journal reported:
After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles. Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.
related:
George Soros isn’t the only one – Big Names Bailing
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Inside Edge Pro Contributors
Greg Weldon
Josef Schachter
Tyler Bollhorn
Ryan Irvine
Paul Beattie
Martin Straith
Patrick Ceresna
Mark Leibovit
James Thorne
Victor Adair