Full Article: Gold looks like a bargain just in time for Christmas Read 

By: Frank Holmes

One of the most compelling and engaging presenters at the Precious Metals Summit in London last month was Ronald-Peter Stöferle, a managing partner at Liechtenstein-based asset management company Incrementum. Incrementum, as you may know, is responsible for publishing the annually-updated, widely-read “In Gold We Trust” report, which I’ve cited a number of times before.

During his presentation, Stöferle shared the fact that his wife prefers to do her Christmas decoration shopping in January. When he asked her why she did this—Christmas should be the last thing on anyone’s mind in January—she explained that everything is half-off. A bargain’s a bargain, after all.

Full Article: Gold looks like a bargain just in time for Christmas Read 

By: Frank Holmes

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

Full Article: Gold Prices Remain Near Session Lows Following Drop In ISM Non-Manufacturing Sector

BY: Neils Christensen

(Kitco News) – Gold remains under pressure, near session lows as the U.S. service sector showed weak growth momentum last month, according to the latest data from the Institute of Supply Management (ISM).

Tuesday, the ISM said its Non-manufacturing Purchasing Managers Index showed a reading of 57.4% in November, down from October’s reading of 601%%. Consensus forecasts were calling for a modest drop to a reading of 59.2%.

“Comments from the survey respondents indicate that the economy and sector will continue to grow for the remainder of the year,” the report said.

Gold prices were already near session lows ahead of the data and have seen little change in initial market reaction. February gold futures last traded at $1,271.10 an ounce down 0.54% on the day.

Looking at the components of the report, the Business Activities index showed a reading of 61.4% last month, down from October’s reading of 62.2%. At the same time, the New Orders Index came in at 58.7%, down from October’s reading of 62.8%.

The closely watched employment index, which economists use to estimate Friday’s official government employment data, dropped to a reading of 55.3%, down from the previous reading of 57.5%.

Price pressures also remained fairly muted with the Price Index falling to a reading of 60.7%, down from the previous reading of 62.7%.

Silver and Gold Bottom Soon

Bob Moriarty
Archives
Dec 4, 2017

Silver and gold have hit a new low for the year during December in each of the last five years. They are on track for repeating their journey this year if we are to believe sentiment matters. And I do.

Two measures allow us to gauge sentiment. My favorite is the DSI or Daily Sentiment Index put out by Jake Bernstein. It’s more valuable than cheap. One good trade would more than pay for six month’s service. If you want to see how accurate is it, on December 17th of 2015, the day of the low in gold, it was 8, the low for the year. On December 15th of 2016, the day of the low in gold, it showed a value of 4, also a low for the year.

For silver in December of 2015 the DSI indicated a value of 8 also on the 17th of the month even though silver spiked slightly lower in late January of 2016 for a single day. In short, the DSI marked the low for both metals.

My other favorite indicator of sentiment while free isn’t as valuable as the DSI or as sensitive an indicator. It only comes out once a week and only reflects values for the prior Tuesday. In short the measure is both dated and not necessarily sensitive. It also requires a lot more understanding which few investors, indeed few letter writers have. That would be of course the Commitment Of Traders or the COTs put out by the CFTC.

In my view most people tend to look through the wrong end of the telescope when discussing the meaning of the numbers. To keep it simple, there are two main categories that matter, the speculators and the commercials. Those writing or commenting about the meaning of the COTs inevitably talk about what the commercials are doing and that reverses the logic of what is actually happening.

Contrary to the PermaBulls who need to fill your fantasies in order to stay in business, the commercials are both producers and consumers. For gold and silver they would be mines on the short side and jewelry manufacturers on the long side. In theory in commodities the commercials should show neutral values but for gold and silver, they are most always short since mine financing often requires forwards sales for years in the future while consumers are more short-term concerned.

To understand why the actions of the commercials are meaningless, you need to think of them in a different way. In Vegas they would be the stickman who could care less how the punters want to bet and only works when someone wants to bet. But a stickman doesn’t care if you bet long or short though naturally most of the bets he covers are long bets. The stickman has nothing to do with the quantity of betting, that role belongs to the bettors.

Speculators in commodities are individuals and hedge funds. They determine both the size and direction of betting. So when people talk about silver is going to go up because the commercials are going to have to cover their shorts, they have it reversed. Speculators go long which automatically makes the commercials go short since all they are doing is covering the bets made by the speculators. Speculators alone make markets go up and down. Commercials are the house, that’s all; they don’t care what the bets are.

When the speculators have driven the total number of positions to new highs, it’s a signal of an impending decline. When you do have a major top you are going to have high levels of speculator longs and commercial shorts. But as the speculators drive prices higher as they get longer and longer, the commodity also moves into weaker and weaker hands. At tops, the money moves from the weak hand speculator longs into the strong hands of the commercial shorts. Remember, weak hands buy at market tops and sell at market bottoms. It’s the nature of human behavior. Strong hands buy at bottoms and sell at tops.

For both gold and silver, the speculator longs are still excessive. You don’t have bottoms in anything while the weak hands are still long. So we need a shakeout in the COTs for the weak hand speculators.

Others are calling for lows soon, Bob Hoye, Tom McClellan, Gann Global all see lows coming soon and then a big move up. Stock markets have entered what is probably a blow off move. Bitcoin went curvilinear months ago and it looks like someone just pricked the bubble. Gold and silver crashing lower from here would be the best move investors could want. Remember, don’t go for the puck. Go for where the puck is going to be.

I’d like to see panic moves lower in gold, silver and shares of the metals and those panic moves that always show the low will be forecast by the DSI and the COTs, no manipulation necessary. Gold may not go lower than it did at the very first of the year but I would cheer $1200 gold. A bottom comes this way.

Soon. Very soon.

###

Bob Moriarty
President: 321gold
Archives

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.