Gold Market And The Stock Bull Topping $TNR.v $MUX $NG $ABX $GLD $GDX

  We have the very interesting picture in Gold now. It is moving up after the strong bullish candle on weekly chart painting the Head And Shoulders Bullish Reversal. As we had discussed before, we are not the only one watching these charts, but it is getting more and more difficult for the banksters to keep it down with the ongoing manipulation. Adam Hamilton is one of the few technicians we are following very close and a lot of his calls were right on the money in the past, he is highly recommended for your own homework.

Kirill Klip.:

UK Will Send Traders Rigging The Markets To Jail. Will It Include Gold Manipulation And Naked Short Selling?

  "We have a small victory for the common sense in the UK today. BBC reports "Osborne pledges criminal action against banks and traders":

"More action to tackle wrongdoing in the financial sector will be unveiled by Chancellor George Osborne on Thursday.

The measures will include making the manipulation of the foreign currency markets by banks a criminal offence. In a keynote speech he will promise to target "the unacceptable behaviour of the few and ensure that markets are fair for the many who depend on them". 

There has been increasing concern about whether the multi-trillion pound foreign exchange market was rigged. In his annual Mansion House speech, Mr Osborne will pledge the extension of legislation used to clean up after the Libor interest rate-fixing scandal. BBC."

  And the very important piece for us here:

As well as bringing the forex currency market under this legislation, it will be extended to those who trade in commodities, and also to the fixed income market, where the most common type of products traded are bonds. BBC."

Eric Sprott: The Chinese Gold Vortex - Do Not Miss This Golden Opportunity GDX TNR.v MUX

  "CS. Gold is building a very strong reversal pattern after resent correction. The only problem is that we are not the only one watching this chart closely and manipulators are trying to paint the breakdown on the chart above. In the normal market this picture will indicate very strong Bull market, building the base after The Golden Cross to make its Second Bull Leg Up. We have the close right above the MA200 at $1,300 and Bollinger Bands suggest that volatility will increase dramatically. Will "They" be able to break Gold down again? This is the question which will separate boys from the men again. The most important for us that this technical picture reflects the fundamentals Eric Sprott is talking about in his article. 

  Should Gold confirm this reversal by breaking Up above the MA50 at $1,317 Gold Junior Miners with the strong stories will finally start to move. This very illiquid and speculative type of investments in Gold equities normally start to participate in the stage two of the Gold Rally, when liquidity from professional players is searching for the new "ten-baggers" after booking the profits from the initial Gold Breakout. Every market is the function of the supply and demand, with Equities hitting all-times-highs and moving into the weak "Sell In May" season Gold Junior Miners have all chances to remind why they are considered to be so volatile. The way up normally is a very dramatic move in magnitude after such an obliteration as you can see on the chart below. The most important indicator here is the Volume - money is coming into the sector. Read more"

 ZEAL:

Stock-Bull Topping 2

Adam Hamilton     June 13, 2014

The US stock markets’ Fed-driven melt-up has accelerated again in recent weeks, with a string of new nominal record highs.  This has reignited truly extraordinary levels of greed, euphoria, and complacency.  But for traders who have witnessed past bull toppings, there is an ominous sense of deja vu.  It turns out this past year’s strong stock-market action nearly perfectly matches that leading into the last bull-market top in 2007.

US Dollar Dives Below 79.00 - How Long Can They Keep Gold Down? GLD GDX TNR.v MUX NG ABX

  US Dollar dives this morning and is breaking down the all-crucial 79.00 line in the sand. At the moment of writing we have 78.94. Our rhetorical question of the day is how long manipulation can keep Gold down in this environment? Now yesterday's attack on Gold can be put in the new totally dramatic perspective of today's US Dollar Melt Down.

US Dollar Meltdown - Will Gold Start To Move Finally Up Now? GLD GDX TNR.v MUX NG ABX

  "US Dollar today is in a total meltdown mood and is holding just a notch above the psychologically crucial 79.00 level at 79.09 now. Gold is moving between 1,300 and 1,317, which was tested yesterday. The both levels are crucial as we have discussed before. Move above MA50 at $1,317 will ignite the new Rally and short covering will provide the fuel for the launch of Leg Up Two in this Gold Bull market."

Eric Sprott: The Chinese Gold Vortex - Do Not Miss This Golden Opportunity GDX TNR.v MUX

  CS. Gold is building a very strong reversal pattern after resent correction. The only problem is that we are not the only one watching this chart closely and manipulators are trying to paint the breakdown on the chart above. In the normal market this picture will indicate very strong Bull market, building the base after The Golden Cross to make its Second Bull Leg Up. We have the close right above the MA200 at $1,300 and Bollinger Bands suggest that volatility will increase dramatically. Will "They" be able to break Gold down again? This is the question which will separate boys from the men again. The most important for us that this technical picture reflects the fundamentals Eric Sprott is talking about in his article. 

  Should Gold confirm this reversal by breaking Up above the MA50 at $1,317 Gold Junior Miners with the strong stories will finally start to move. This very illiquid and speculative type of investments in Gold equities normally start to participate in the stage two of the Gold Rally, when liquidity from professional players is searching for the new "ten-baggers" after booking the profits from the initial Gold Breakout. Every market is the function of the supply and demand, with Equities hitting all-times-highs and moving into the weak "Sell In May" season Gold Junior Miners have all chances to remind why they are considered to be so volatile. The way up normally is a very dramatic move in magnitude after such an obliteration as you can see on the chart below. The most important indicator here is the Volume - money is coming into the sector. More."

Eric Sprott - Gold To See Powerful Bullish "Golden Cross" Within Days TNR.v MUX GDX GDXJ GLD ABX NG

  C.S. Eric Sprott is talking about the "Golden Cross" - the very powerful bullish signal coming for Gold within the next few days. On the chart above you can see the very strong first move of the new Bull market in Gold from the December 2013 low. We are just 2% from 20% increase when media will start talking about the new Gold Bull market being "confirmed officially." As you can see MA 50 is turning decisively Up and is ready to cross MA200 to the upside.

  The very important driving forces behind this Gold rally is the record buying from China and the ongoing Gold Manipulation investigations. Eric thinks that all major bullion banks are at risk now and their compliance departments are very busy trying to manage the damage of potential litigation and fines. "The most important here that this process removes the manipulators out of the market. The ceiling is taking off from the Gold price now, they can not continue to manipulate Gold market as they did any more"

  You can listen to Eric on the link below and we will run a few charts showing what "Golden Cross" means for particular stocks.

 We have discussed the "Golden Cross" for McEwen Mining a few weeks ago and you can see the performance of that company this year. The stock is in a clear breakout mode fuelled by the Gold breakout and the powerful short squeeze. We expect TNR Gold to join this party after the Gold "Golden Cross" will ignite mass media talk that the Gold Bull Is Back.

Massive Short Squeeze Drives McEwen Mining Higher On Solid Results MUX TNR.v GDX GDXJ GLD HUI

  "McEwen Mining has delivered solid results in 2013, updated its resource estimates at the San Jose mine in Argentina and Gold breakout now drives the stock higher on the massive short squeeze this week. According to NASDAQ, McEwen Mining Short Interest was at 25.5 million shares in the end of February. Solid operational results, higher Gold and Silver prices are making shorts very nervous these days. Catalyst will come with the news from Nevada exploration program, El Galo 2 development with higher Silver prices and any Los Azules copper development can change the situation for McEwen Mining and TNR Gold overnight."

McEwen still hopeful of attracting a buyer for Los Azules

McEwen Mining: Fourth Quarter and Year end Financial Results MUX TNR.v GDX GLD

Dollar Crashed Below 80.00 What Is Next For Gold, Copper And Lithium? TNR.v MUX ILC.v GDX

CS. In a few words: they all are going much higher now. Let's discuss why we think it is going to be the case. This week we had the very important move in the US Dollar:

"Initially US Dollar went up on the escalation of the situation in Ukraine - as any potential military action in the world is supposed to be positive for the U.S. Military Complex, but on Friday with major headlines from Moscow about Ukraine Dollar has dived decisively below 80.00 to the 79.78 close.After these U.S. actions in Ukraine considered as an insult by the Kremlin the least you can expect is selling of the US Treasuries by Russia and, maybe, already accelerating of selling by China as well . They have been already smelling the rat about the USTs Game Of Musical Chairs for a long time. It is just too personal. None of these two countries - or it will be better say leaders - would like to be liberated next in any circumstances."

 What is coming next for stocks and commodities? The concept of Great Inflation in 2014 was first introduced here by Toby Connor article and so far the market was unfolding as he has predicted. The most important observation here is that not only we are seeing the first signs of increased money velocity and unfolding Inflation in the different Commodities Breakouts, but that FED is actively looking forward to create Inflation. Janet Yellen statements about desired level of Inflation were quite a revelation for the Central Banker to say the least. Never fight the FED and with the help of Russia and China US dollar will slide down even more and Inflation will be coming not only onto your grocery bills, where it was never gone, but even into the massaged government statistic reports.

Toby Connor: Dollar Breaks Down, Great Inflation to Push Gold And Silver Much Higher TNR.v MUX GDX GLD SLV

Toby Connor: The Great Inflation Of 2014 - Gold And Silver To Rise TNR.v, MUX, GDX, GLD, SLV

"Toby Connor provides very interesting technical view on the general markets, Commodities, Gold and Silver. Nobody can find inflation these days and his take on the final rise and bust in the general markets is very intriguing. Our own observations confirm the CRB - Commodities Index breakout and that Gold is knocking on the $1270 with huge break out to the upside after that. Supply and Demand picture provides further support to the technical observations in Gold and Silver markets these days. Where the Gold will come from in the future with China record buying continued? M&A activity will be driving the next Bull market in Gold and Silver miners."

  Today we would like to share very interesting conversation from Jim Puplava's Financial Sense:

"Erik Townsend and Chris Puplava co-host this week in a special edition of the Big Picture. The first topic is “When will Janet Blink?”, refers to new Fed Chair Janet Yellen, and if she will stay the course in taking the Fed’s tapering program back to zero stimulus. Erik contends that it’s impossible to trade or invest using conventional wisdom in this environment, and only elite insiders know in advance what to expect from the Fed."

  They are discussing at depth the very similar scenario presented by Toby Connor: when weak US Dollar will actually push Equity markets even higher as it happens in the first stages of Inflation environment. Once the first signs of Inflation will make its way into the official statistic equities will provide the certain level of protection of wealth as "they own the real assets". Here we will not digress to discuss the real assets behind WhatsApp 19 Billion valuation by Facebook.

  Commodities will be the major beneficiaries of this trend. On the CRB chart below you can see the huge breakout by Commodities from the down trend:

  Commodities have created the very big consolidation base with Double Bottom Reversal with Lows in Summer of 2012 and in the late Fall of 2014. The Second Low in November 2014 was confirmed by retest in December 2014 and very strong breakout after that. All enormous liquidity created by QE on the world-wide scale is finally sipping into the real world and pushing the commodities prices Up.

  Gold and Silver were one of the first to benefit and we have seen the very important confirmation by the Gold and Silver Stocks, but even more important is the unprecedented demand from China for Gold now.

Gold And Silver Break Crucial Levels Causing Massive Short Squeeze TNR.v MUX GDX GLD SLV RGLD SWC

Frank Holmes: These Gold Charts Will Make Your Heart Beat Faster TNR.v MUX GDX GLD ABX GG RGLD

  "Frank Holmes presents a very interesting set of charts supporting the bullish case for Gold and Gold stocks. Now with Gold crossing 200MA we have the game changer for the Gold marker. Professional traders have positioned themselves after 20MA was breaking out to the upside and smart money has followed after 50MA. Now the retail public will start buying the new Gold Bull leg.

  Number of Gold stocks with, McEwen Mining among them, has printed The Golden Cross already, when 50MA is crossing 200MA to the upside, confirming the bullish reversal pattern. It is very bullish set up and we expect the rally in Gold stocks to widen its base to include the smaller junior miners."

Hedgehog Trader ‏@HedgehogTrader  Feb 7

TNR Gold TNR.V is one of the most intriguing microcap stories I follow. #insidersbuying cc: @Sufiy @TedDixon @inkresearch

TNR Gold Insiders report: CEO And CFO Buying Shares. 

 Another very important confirmation is when insiders are buying into their own companies like in case with TNR Gold.

  GDX Gold Miners ETF has a very strong breakout from the December 2013 Low above MA50 and sitting right on that level retesting it now. All momentum indicators are still in positive territory. Gold and Silver price will be the major drivers here with the Catalyst for particular stock with the new discoveries and M&A activity.

  Copper should be the major beneficiary of the rising Inflation tide. 

  Sector was very volatile recently, but the emerging upside trend argument can be already made here as well. It must be confirmed by further strength and breaking out above the MA50. The most important confirmation of the rising Copper prices to come, as Glencore is talking about, is industry insiders M&A activity:

Rumour Mill: "CITIC Buying Into Pascua Lama" - Can Argentina Mining Really Make Its Come Back? TNR.v MUX ABX LCC.v

 "After the bidding war for Las Bambas Copper in Peru there are not so many world class copper assets left. M&A activity in Copper sector is heating up with ongoing deals on Glencore's Las Bambas, Hudbay's acquisition and OZ Minerals talks with potential partners. Now the projects like Los Azules copper will get more industry attention. We are following McEwen Mining and TNR Gold involved in this project, please read carefully all our disclaimers and do your own DD, as usual."

 Lithium sector has finally its come back now in style on the back of Tesla Gigafactory news:

  Lithium ETF has a definite breakout to the upside and Buy Volume signal and Lithium Stocks had an explosive move this week from very depressed valuations. After the initial excitement time is to make your homework and separate the future winners and the wannabes by your own DD. LG Chem is already chasing Tesla with its own plans announced today to build a Lithium Battery factory in China. One thing is for certain: Battery Industry insiders are building new production facilities as they see the coming demand - it will require new secure sources of Lithium. We will have to learn the new names like world leading Integrated Professional Lithium Producer Ganfeng Lithium and its partner International Lithium from Canada with Lithium projects in Ireland, Canada And Argentina.

Lithium Stocks Surging On $5B Tesla Gigafactory Plan To Ramp Up Mass-market Electric Car ILC.v TNR.v LIT WLC.to

  Now we have more details on Tesla Gigafactory and Elon Musk's plans  to produce Lithium Batteries on a mass scale and dramatically reduce the cost. This plan brings catalyst to the whole electric cars and energy storage industry. As we have discussed before, Lithium materials industry is getting the boost as well. Investors are taking notice and Western Lithium is already up 300% this year. Rodinia Lithium and International Lithium are getting the bids now as well. After the initial hype in the Lithium sector the main question was when the mass market for electric cars will be coming to life. Now we have this answer and access to the capital will define the new winners among Lithium Juniors. International Lithium with its strategic partner Ganfeng Lithium from China, one of the top Lithium Materials producers in the world, are getting ready for the surge in demand advancing Lithium projects in Ireland, Canada and Argentina.

International Lithium Strategic Partner Ganfeng Lithium Presentation ILC.v TNR.v LIT TSLA

  Tesla Gigafactory is driving a lot of interest to the Lithium sector these days. Lithium stocks were surging this week and it is time to find out who is who in this investment mega trend and separate the wannabes from serious players with projects, technicals teams and, the most important here, strong strategic partners available to provide capital and expertise to develop those projects. If this strategic partner, like in the case with International Lithium and Ganfeng Lithium from China,  happen to be one of the leaders among Integrated Professional Lithium Producers in the world it should deserve your attention. Do your own DD and always kick the tires - we will provide you with the initial information.

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Clive Maund: GDXJ Signals Imminent Breakout Into Major PM Sector Uptrend TNR.v ILC.v MUX GDXJ GDX

 

Frank Holmes: These Gold Charts Will Make Your Heart Beat Faster TNR.v MUX GDX GLD ABX GG RGLD

  "Frank Holmes presents a very interesting set of charts supporting the bullish case for Gold and Gold stocks. Now with Gold crossing 200MA we have the game changer for the Gold marker. Professional traders have positioned themselves after 20MA was breaking out to the upside and smart money has followed after 50MA. Now the retail public will start buying the new Gold Bull leg.

  Number of Gold stocks with, McEwen Mining among them, has printed The Golden Cross already, when 50MA is crossing 200MA to the upside, confirming the bullish reversal pattern. It is very bullish set up and we expect the rally in Gold stocks to widen its base to include the smaller junior miners."

Hedgehog Trader ‏@HedgehogTrader  Feb 7

TNR Gold TNR.V is one of the most intriguing microcap stories I follow. #insidersbuying cc: @Sufiy @TedDixon @inkresearch

TNR Gold Insiders report: CEO And CFO Buying Shares. 

Clive Maund:

GDXJ Signals Imminent Breakout Into Major PM Sector Uptrend...

Monday February 24, 2014 

A lot of investors are going to miss out on the huge bullmarket advance in the Precious Metals sector that is just starting as this is written, because they are frightened of the impact of the broad market on the sector, but as we will see, the sector itself is signaling that it is going up, big time.

If the broad market looks set to go up, then many investors think that the Precious Metals sector will be ignored and drift lower again, as the broad market continues to rise. If the broad market tanks, then they think that the PM will get dragged down with as in 2008.

Actually, the way that it is looking now is that the broad market will continue higher and higher and the PM sector will soar. Why would that happen? – because we are on the road to hyperinflation, that’s why. It is becoming increasingly apparent that either the Fed will chicken out of significant tapering, or that even if they do backpedal it will be too late, as the huge overload of extra money that has been injected into the system since 2008 wreaks havoc.

Fortunately, as far as investing in the PM sector is concerned, we don’t have to bother to extrapolate fundamental scenarios, we just have to follow the message of the market itself, via Technical Analysis as applied to recent action in the PM sector.

It is no coincidence that the Market Vectors Junior Gold Miners ETF, GDXJ, is right on the point of breaking out from its downtrend in force from 2011 at the same time as many PM stocks are right at the starting line of major uptrends, being at key resistance at the top of base patterns that have formed since last June or on the point of breaking out of long-term downtrend, or both.

We don’t have to wait for breakout to occur before taking positions, because the volume pattern and volume indicators in the GDXJ have already signaled that it is going to break out to the upside soon, or imminently, to commence a major uptrend, and this junior ETF is highly unlikely to enter an uptrend without the large and mid-cap stocks taking off higher with it.

Just look at the stupendous record upside volume in the GDXJ on the rally this year on its 4-year chart above, and how its volume indicators are spiking. This tells you all you need to know – it is sending the clearest possible message that the sector is going up big time, because this dynamic volume action signifies the start of a breakout drive that should shortly take the GDXJ clear out of its downtrend and launch it – and the entire sector – into a vigorous bullmarket advance. For this reason there is thought to be little point in waiting for breakout to occur before establishing positions, and it is on this premise that we have “backed up the truck” on clivemaund.com and been loading up with the better stocks as fast as we can. Why not join us, if you haven’t already, and get your nose in the trough ahead of the mob?

Market Vector Junior Gold Miners ETF, GDXJ on NYSE, closed at $42.91 on 21st February 14.

By Clive Maund"

Peter Schiff: Gold Update, The Dollar Will Collapse First, Janet Yellen Wants More Inflation MUX TNR.v GDX GLD

  The future will show who is right, but it is very encouraging that despite the very strong move up in Gold there is still record bearishness towards this sector among investors. This is how all Bull markets have started and this New Gold Bull Leg will be no different.

  Gold is pushing $1230 level today and Silver is looking at the $22.00 level. US dollar is dangerously close to 80.00 level again, which supposed to be protected. Peter Schiff: "Janet Yellen said that she wants more inflation - she will get it."

Gold And Silver Break Crucial Levels Causing Massive Short Squeeze TNR.v MUX GDX GLD SLV RGLD SWC

  "As we have mentioned before, Gold and Silver has broken to the upside causing massive short squeeze. The big boyz are loaded on Gold now and we will monitor today how the mass media will be picking up the Gold story again. It will be nothing more than the info fed for crowd indicator, but it is important to watch the change in the investing public outlook. We will provide the digest of the most interesting articles from industry insiders as well this weekend updating this entry, stay tuned.

  The most important news for us: 

"Koos Jansen reports on continued unprecedented appetite from China for Gold, according to his information, after  the unprecedented demand of 2,181 tons of Gold from China in 2013 Chinese Gold demand hits All-Time record of 247 tons in January. Now Gold today's breakout above $1,322 level can be put in another perspective."

  "We are  following Toby Connor with his very interesting concept of The Great Inflation in 2014. Gold was in a breakout mood this week and finally has broken to the upside from $1270 level with intraday high on Friday at $1,322 and close at $1,319. We have now the massive short squeeze in action in Gold and Silver. Silver has broken to the upside as well on Friday closing at $21.51. Gold mining shares are making the very good progress as well.

  On the chart above you can see that Gold has crossed the very important level on daily chart and moved above its 200MA at $1,309. It will bring a lot of attention of traders and shorts will be running to the exit now. Mass media will be picking up the Gold story as well now. CNBC is talking about Gold and Miners already and Jim Cramer advises to watch GDX - Gold miners ETF. Next levels in Gold to watch is $1,360 and $1,420 to complete Double Bottom Reversal pattern on weekly chart.

  Silver had its massive breakout as well following the Gold footsteps this week. Next levels to watch here are $22.75 and $25 to confirm its Double Bottom Reversal pattern on weekly chart. The most important here that Silver has broken to the upside above its 200MA at $21.13 and closed above it at $21.49."

  

Gold Breaks 1,320: The Mother Of Short Squeeze Has Arrived TNR.v MUX GDX GLD SLV RGLD ABX GG

  "Gold is sending its Happy Valentines to all Gold Bugs today and breaks $1320 on the massive short squeeze. Gold shorts will have their Blood Friday now. The real reason for this move is the realisation of the groundbreaking shift in the structure of the Gold market with the unprecedented demand of 2,181 tons of Gold from China in 2013. 

  Janet Yellen testimony has opened the possibility To Taper The Taper and James Rickards is calling for the Taper Pause in June. US dollar is going down very close to 80.00 level again. This level will be protected, but should the US Dollar break down below 80.00 Gold and Silver will go vertical towards $1,500 and $25 respectively. 

   Our short Squeeze watch includes McEwen Mining and TNR Gold. McEwen Mining had 26.8 million shares sold short or 8.6 days to cover, according to NASDAQ. MUX.to has rocketed from December low of CAD1.80 to CAD3.27 close yesterday. Gold breakout will push shorts into the corner, but explosive move in Silver will have even more effect on this company. 

   TNR Gold is still day dreaming, but move in McEwen Mining should pull out this junior out of its misery. Los Azules Copper development will be next to watch on the back of recent M&A activity in the sector and CRB - commodity index breakout to the upside."