Peter Schiff: Weak Jobs Report, Weather, US Dollar And Gold MUX TNR.v GLD GDX

  US Dollar has dived again below 80.00 level and closed today at 79.76. A lot of hot plays in NASDAQ in 2013 are in the official bear market now sliding more than 20% from the top. Gold has regained the $1,300 level and closed today at $1,308 with the intraday high of $1,315. Levitation in the markets will be very difficult to create now as the housing market is in a very real slowdown already vs a lot of estimated growth rates totally disconnected from economic reality.

  "Sale In May And Go Away" has already started in April,  while heads on Bubble TV are screaming that it is the buying opportunity and read the Flash Boys by Michael Lewis to understand how you have been "front run" in every markets for years by The Wall Street Insiders.

WEB Bubble 2.0 Bursting, NASDAQ Meltdown And Gold TNR.v ILC.v MUX GDX GLD QQQ DIA SPY

  "WEB Bubble 2.0 is bursting and SOCL - Social Media ETF on the chart above is the very good representation of what is happening with the hot plays of 2013. SOCL ETF is just a notch away from the official bear market with 19.4% decline from its top so far. As we have noted before, the hot IPO market is another sign of the important top in the equity markets, when insiders are selling out at the valuations totally disconnected from the real underlining economic situation." 

Russia should switch to ruble payments with all trading partners - head of VTB Bank

Gold Surges As US Dollar Exit Begins: Russia Largest Bank Halts Foreign Currency Loans MUX TNR.v GLD GDX

 "CS. It did not take long for Putin to start its retaliation against the sanctions and excuse was presented by JP Morgan's block of some payments on the grounds that Bank Rossii was involved in transaction. Bank Rossii was on the list of sanctions and even its issued international credit cards were declined after that. Mr Putin said that he will open his personal account in that bank and now it became really personal. We are not judging who is right in all this mess created by CIA vs KGB 2014 War Games, but ultimately aimed to push China from its path of Dangerously Fast Rising Into Power by all means possible including the last asset of the Falling Empire - Military Industrial Complex. We are just observing the outcome. More."

WEB Bubble 2.0 Bursting, NASDAQ Meltdown And Gold TNR.v ILC.v MUX GDX GLD QQQ DIA SPY

  

  WEB Bubble 2.0 is bursting and SOCL - Social Media ETF on the chart above is the very good representation of what is happening with the hot plays of 2013. SOCL ETF is just a notch away from the official bear market with 19.4% decline from its top so far. As we have noted before, the hot IPO market is another sign of the important top in the equity markets, when insiders are selling out at the valuations totally disconnected from the real underlining economic situation.

WEB Bubble 2.0 - KING IPO Crushed KING SOCL TWTR FB LNKD

  "Carl Icahn with his warning about the big sell down coming can be right on the money. KING IPO is crushed today and Web Bubble 2.0 can be very close to the major correction. Social Media darlings are sliding down recently as we can see on the chart above. 

  We are just wondering has all world gone totally nuts or it is only virus spreading in the West? Mobile games are the most important thing right now judging by the Valuations and The Bubble Media buzz, only "stupid" Chinese are buying all Gold they can get and the best Copper and Lithium projects around the Globe.  We will see who will be right in the end."

Carl Icahn And DOW Chart: Houston We Have A Problem - Major Sell Down Coming DIA SPY QQQ

  Carl Icahn knows how to move Apple share price with couple of tweets, is he now engaging with the FED and will demand to Taper The Taper? His Call today about the Major Sell Down Of Market Coming is very well timed. On the daily chart above you can see very ugly Bearish Candle printed last Friday. We have very well defined Double Top Bearish Reversal in place. 

  Weekly chart is not much better as well. If the Dow on daily chart will break down we can have the Double Top formation confirmed. Please notice that Volume has not confirmed the Second High and all momentum indicators are going Down as well. Will Carl Icahn help the market to break down now or will he "negotiate" with the FED to Taper The Taper in exchange for his more optimistic tweets?

  Today's Sell off in Gold can not masquerade the Golden Cross which we have discussed on Friday and US dollar is smelling something coming diving below 80.00 to 79.80 again.

Gold Has Completed The Golden Cross, Major Bullish Reversal Is Underway MUX TNR.v GLD GDX

 "Gold has completed The Golden Cross and major Bullish Reversal is underway after this "FOMC week" correction. Now we should move much higher and Goldman Sachs with its call for Gold $1,050 by the end of the year is the very good contrarian indicator."

ZeroHedge:

Carl Icahn's Next No-Brainer? "A Major Sell-Down Of Artificial Market Is Coming"

"Sprinkled in between Herbalife promotion and eBay board decimation, CNBC's favorite crowd-pleaser Carl Icahn offered a few pearls of wisdom that the TV anchors were un-prepared for:

• *ICAHN SEES MAJOR SELL DOWN OF MARKET COMING
• *ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

Of course, Icahn did not specify the timing which provided just enough cover for the talking heads to confirm their "but stocks are a buy" perspective. We wonder whether the "sell-down" is as big a "no-brainer" as many of Carl's other ideas.

Icahn had plenty to say:

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

Grant Williams: Gold And Appetite For Distraction MUX TNR.v GDX GLD RGLD ABX GG

  Grant Williams has produced the brilliant and highly recommended piece on the recent geopolitical stage and place of Gold in the modern financial world. As you can see from his chart above this recent party has only started and the new Bull Leg will take Gold much higher. Bears are still out there in mass and it is very good beginning of the new Bull.
  Gold miners have already very impressive gains from December and stronger players are already up sometimes close to 100% like McEwen Mining from the recent low. Smaller juniors are still waiting for their turn and the strong stories will produce spectacular gains again as Rick Rule has discussed recently.

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 andJames 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."

Mauldin Economics:

Appetite For Distraction

Grant Williams 

"Nobody really understands gold prices, and I don't pretend to understand them either." – Ben Bernanke

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.

Infographic: Which Gold Miners Hold The Most Supply (And Who Must Replenish Through M&A) TNR.v, MUX, GLD, GDX

  "ZeroHedge presents Gold Miners Sector and Gold supply chain as we are searching for the answer: where the Gold will come from in the future? A lot of miners are at the break-even levels with this level of Gold price and are cutting back on new project development and exploration. Juniors are cut off from the capital markets and only the strongest will survive. With record amount of Gold flowing from West to the East and China now being the top consumer of Gold we have the almost perfect set up for the much higher Gold prices.

  Junior miners with the best stories can represent the life time buying opportunity in these markets. Goldcorp hostile bid for Osisko is the very good indication of the major bottom in the market.  Among our "Golden Nuggets" McEwen  Mining has received the last permit for its El Gallo 2 mine development in Mexico. Rob McEwen has addressed these developments recently, presenting his progress in Mexico, Argentina and Nevada. He has discussed at length the questions of resource nationalism and miss-guided "rear view mirror" mining sector policies around the world in his recent interview. Safe mining jurisdictions like Alaska in case with TNR Gold Shotgun deposit will gain the more attraction from the industry in the new cycle."

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. 

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."

Copper M&A Heating Up: OZ Minerals Gets Approaches on $2.7 Bln Copper Project MUX TNR.v CU GDX

 Copper M&A is heating up and now Australia's largest unmined copper deposit is in play. Rob McEwen should be using this momentum now in the market place and put Los Azules copper deposit on the industry radar screens. TNR Gold and McEwen Mining will be very well positioned for this upturn in the market place. CRB index is breaking out and increasing M&A activity is signalling that the bottom is in place for the resource sector.  Meanwhile McEwen Mining has breaking out to the upside above CAD3.0 with Gold in a breakout mode.

Copper M&A: HudBay Eyes Arizona Copper Deposit With Augusta Offer TNR.v, MUX, HBM, AZC, LCC.v

"Copper M&A is heating up and following Chinese quest for the long term secured supply of Copper Hudbay is bidding for one of the most promising Copper projects in the U.S. Increasing M&A activity confirms that the bottom for the mining stocks is in and industry insiders are looking for the best assets before the general public will drive the prices up.

  Glencore is talking about the higher Copper prices to come and they are not alone in this industry observation. McEwen Mining and TNR Gold will get now more attention to Los Azules copper project, as we have discussed yesterday, and Lumina Copper will be in M&A play as well with its Taca Taca copper deposit in Argentina."

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

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.

Rob McEwen On Goldcorp's Hostile Bid, M&A Opportunity And Market Bottoms MUX, TNR.v, GLD, GDX

 "With general equity markets sliding into the territory which will challenge Bernanke's Happy Exit with Tapering, time is to listen to those who have seen and have done it. Rob McEwen is dissecting the recent market situation in Gold and M&A activity, which will make the best stories in the market to move very fast from the bottom. McEwen Mining has bottomed at $1.65 in December and has closed at $2.63 last Friday. Los Azules Copper project will be the one of the coming M&A stories this year, which will move valuations of McEwen Mining and TNR Gold. TNR Gold holds shares of McEwen Mining after the settlement on Los Azules. Rob McEwen has announced on Twitter about the commencement of drilling in Nevada now. With Gold crossing $1270 and closing just below it we have a very exciting time for the best stories in junior mining these days."

Infographic: Which Gold Miners Hold The Most Supply (And Who Must Replenish Through M&A) TNR.v, MUX, GLD, GDX

  "ZeroHedge presents Gold Miners Sector and Gold supply chain as we are searching for the answer: where the Gold will come from in the future? A lot of miners are at the break-even levels with this level of Gold price and are cutting back on new project development and exploration. Juniors are cut off from the capital markets and only the strongest will survive. With record amount of Gold flowing from West to the East and China now being the top consumer of Gold we have the almost perfect set up for the much higher Gold prices.
  Junior miners with the best stories can represent the life time buying opportunity in these markets. Goldcorp hostile bid for Osisko is the very good indication of the major bottom in the market.
  Among our "Golden Nuggets" McEwen  Mining has received the last permit for its El Gallo 2 mine development in Mexico. Rob McEwen has addressed these developments recently, presenting his progress in Mexico, Argentina and Nevada. He has discussed at length the questions of resource nationalism and miss-guided "rear view mirror" mining sector policies around the world in his recent interview. Safe mining jurisdictions like Alaska in case with TNR Gold Shotgun deposit will gain the more attraction from the industry in the new cycle."

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. 

Gold Scents:

THE GREAT INFLATION OF 2014

For over a year now I've been expecting 2014 to be the year when the unintended consequences of five years of QE come home to roost. By the end of the year we are going to have a massive inflationary spike in commodity prices that will collapse the global economy. It's all going to start with a final manic melt up phase in the stock market over the next 3-4 months. Make no mistake, this bull market will not be over until the NASDAQ tests it's all time high above 5000. 

Over the next 3-4 months we are going to see the public pile into the stock market exactly like they did with tech stocks in 2000, and real estate in 2005.

Completing the final bubble phase in the stock market is the first component necessary for the Great Inflation. During this period commodities are going to start to rise in a stealth rally that everyone will ignore because they will be focused on the stock market. The CRB has already broken out of its three-year downtrend.

At some point later this year, probably in May or early June the stock market parabola will collapse. This is the second component necessary to initiate the Great Inflation. When the crash begins the inflation stored in stocks will flow into the commodity markets. This process will be exacerbated as Yellen reverses the taper and doubles down on QE to try and reflate the stock market bubble. This will be like throwing gasoline on a fire, and will drive commodity prices through the roof into the end of the year and probably the spring of 2015.

The Fed is going to make the exact same mistake they did during the last decade. Their easy monetary policy has produced a bubble in stocks just like it produced a bubble in real estate in 2005. When the bubble implodes the Fed will try to reflate. They won't succeed in reflating the broken stock market parabola, but it will trigger an explosion in commodity prices. The rapid spike in commodity prices will collapse the global economy just like it did in 2008.

Because the artificial and manipulated bear market of the last year has severely damaged the supply side of the market, I expect the precious metals will be the largest beneficiary during the Great Inflation of 2014.

By this time next year all of the Chinese/Russians/Indians, etc. who have been scooping up gold over the last year are going to look like geniuses."

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

Gold Is In A Vertical Reversal After Overnight Smashdown GLD, MUX, TNR.v, GDX

 

  We have a very interesting print in the Gold market today. After the news about Iran Nuclear Deal over the weekend somebody was very much inclined to put a very negative Gold and positive US Dollar spin on it. After dumping 1500 contracts overnight the Gold was in a waterfall mode again and reached low of the day at $1225.80. US Dollar was levitating above 81.00 at some point with Dow and Nasdaq printing new Highs again. 

  But by the beginning of the trading day in NY Gold has started its vertical reversal and is trading Up $8.30 now at $1252. US Dollar is Up for the day, but down from its intraday highs to 80.90 

  As we have mentioned before, US Dollar has printed a number of bearish candles on the daily chart last week and we will continue to monitor its action. What will happen next here will determine the direction for the Gold. Is it the bullish flag in the making or Double Top Reversal from the upper band of the recent downtrend line? Momentum indicators are pointing lower now on the USD chart below.

  Shellbomb announcement from China about its new policy towards reserves and Yuan appreciation are still making its rounds under the mainstream media radar. Once they sink into the market the inevitable QE Taper will be questioned again, particularly when people will remember that markets can Go Down As Well. No Bears are left in the Equity markets and No Bulls are left in the Gold market - everything is set up for the big surprise as usual. What will trigger that surprise? Maybe the chart below with the NYSE Margin Debt can give us some clues. Please note that Margin Debt Amount normally peaks before the Stock Market. Any move towards Taper will raise Interest Rates and we can have the Top in Margin Debt very soon if not already.

  We would like to note that Gold / US Dollar and Equity Markets are back to their "Normal relationships" now. Rising Equity prices are going with Rising USD and inversely correlated with Falling Gold again. 

The Coordinated Effort To Suppress The Gold Price GLD, MUX, TNR.v, GDX

"We have another view - from Europe this time - on the ongoing Gold manipulation, its mechanics and the motivations behind it. UK financial authorities have launched the investigations in the Gold market manipulations now. We do not hold our breath here, but hope that they will get at least this information for consideration. 

  Manipulation is conducted on everyday basis with the aim to drive the Gold fixing price in London down and get access to physical Gold, which could be sold at a premium at the next trading day in Asia. "This arbitrage" was a normal source of profit for LBMA banks, but now starting from April of this year we have the additional waterfall smashing of Gold in order to manipulate the QE inflation expectations in the market. As ZeroHedge has reported today:

Gold Hammering Leads To Another Overnight Gold Market Halt

"Shortly after 1amET this morning, someone with no apparent fiduciary duty to their client's for best execution or any apparent trade allocation expertise decided it was time to dump 1500 contracts into an entirely illiquid gold futures market. The 150,000 ounce notional sell order ($184.5 million), captured graphically by Nanex, sent the price down $10 instaneously, tripped the exchange's circuit breakers and halted the market's trading for 20 seconds (once again). This is now the 4th market halt in the past 3 months (and this time on no news whatsoever), as the manipulative monkey-hammerings from who knows whom (BIS?) is becoming increasingly obvious." 

Peter Schiff: On Taper, China's Bombshell Announcements For Treasuries, Dollar And Gold GLD, MUX, TNR.v, GDX

 "Peter Schiff talks about the bombshell of the year - China has announced the Mother Of All Tapering -  PBOC Says No Longer in China's Interest to Increase Reserves. China is ready to reduce its balance sheet and they do not have to sell any US Treasuries - during the operation Twist they have used the golden opportunity and rolled over the long term treasuries into the shorter maturities. China can just allow US to repay maturing US Treasuries. We do not think here that they will accept Bitcoin. They have made this announcement after the record buying of Gold and some people are estimating that official Gold reserves are much higher than officially recognised today."

Chinese Gold Demand And The World Gold Council’s Estimates GLD, MUX, TNR.v, GDX

  "Alasdair Macleod provides very good explanation for the difference between Eric Sprott calculations and WGC estimates, which are dramatically underestimating the real demand for Gold from China this year."