The US has huge record crops of soybeans and corn coming to market soon. It won’t sell with a strong dollar. I’m guessing that China will be paying for grain with that mountain of US debt they are holding.

rno

http://blog.milesfranklin.com/the-price-is-being-made

Just about the time I was starting to wonder what happened to Larry Edelson, up pops his latest release. He starts off with the prediction that the bull market is not over and gold will top $5,000 but first, gold will test the $1,000 level by the end of the year or by next spring – then, off to the races. As for silver, he says it could drop to $12.50.

Should prices continue to fall, that will be good for our business. We always do better when prices fall, especially when they are this undervalued.

Our clients do not speculate on gold; they do not buy it for short-term profit or to trade it. They buy it as a hedge against the insane policies of the Federal Reserve, dollar debasement and a hedge against any number of things that can (and probably will) go wrong.

If prices do continue to correct, I expect a number of the larger national gold and silver firms, especially those who spend a fortune on advertising and have big overhead will close their doors, like Tulving and Merit have done earlier this year. This is not the time to sell, but some people just have to, and for them, this is not good. They will surrender their precious assets at the wrong time, just before the markets turn up and the real big gains take hold. But there is nothing we can do about that – we sit and wait it out.

It’s very clear now that no one knows exactly what the short-term will bring in the precious metals market. Sinclair has been wrong. Edelson has been wrong. Sprott, Turk and most of the people I follow have not gotten it right. I will continue to present other “experts” opinions, but I have yet to find one whose crystal ball is working. At least Ed Steer and Bill Murphy point out that due to the manipulation by JPM and the hedge funds (and Fed), there is no way to use charts or past history to determine TIMING or bottoms. We have to be patient and live with the knowledge that this will end well for us.

What is certain is that the world is not a safe place anymore. The large central banks are printing money in amounts never seen before. The global economy is a mess. Politically, the U.S. is a lost cause. This should lead to a powerful bull market in the precious metals. And it will, but the managed manipulation has the upper hand for now. But remember, all those silver shorts that have recently been added (and pulled down the price) will eventually have to be covered, so there is a powerful built-in updraft already in place. I like gold – I love silver.  Link

Imo they have no meaning or clues. The only thing that matters is the Dollar going up or going down, and without inside information, we can only try to read TPTB’s mind to make an educated guess. My guess is TPTB turkeys will lower the dollar soon.

why would you ask

Thanks Mr. Copper.

So do you interpret the GG chart as Weakhands putting in MOC orders… and strong hands bidding up as they accumulate.

Then at Open more weakhands sell, dropping the price.   repeat.

“A non-limit (market) order executed as close to the end of the market day as possible. All market on close (MOC) orders must be submitted by 3:45pm on the”

https://www.google.com/#q=market+on+close+order

At 3:45 here on Schwab software, the news pop ups show them. Sometimes they are buy at close or sell a close.

That’s hilarious and a good commentary too. Honesty anyone?

There’s all kinds of products which say “blueberry this and blueberry that” that contain no blueberries.

Below is a 5 Day chart of Gold Corp (GG).

Price spike with high volume at END of each day.

Sharp drop at OPEN each day.

Seems like something is up.   Accumulation?… or Distribution?

Any opinions?

https://www.youtube.com/watch?v=ii88g-op4xo

Can’t wait to see what happens when the Shanghai opens.

We should just write em a big check when they cross the river. it’s only taxpayer money. We ARE doomed. Sheesh

No doubt of that. They’re still feeling that knot on their head!

TORONTO (miningweekly.com) – The world’s largest primary silver producer, London-listed Fresnillo, has agreed to buy Newmont Mining’s 44% stake in its Mexican joint venture for $450-million in cash.

The deal would secure Fresnillo a foothold in Mexico’s gold industry, giving it control over the Herradura, Noche Buena and Soledad Dipolos mines, the Mega Centauro and Centauro Deep advanced exploration projects and several key exploration prospects in the Herradura Corridor.

Fresnillo CEO Octavio Alvidrez said the move would lift the company’s 2018 gold output target by 50% to 750 000 oz. The deal would also add two-million ounces to its total gold reserves and 5.1-million ounces to its resource base.

“At a time when many industry peers are rationalising their portfolios, this transaction illustrates the ability of a conservatively managed business like Fresnillo to take advantage of long-term value opportunities by investing through the commodity price cycle. In line with our disciplined growth strategy, the acquisition is earning accretive and provides Fresnillo with significant exploration and development potential in a region where we are experienced operators,” Alvidrez said.

Subject to shareholder approval, the deal was expected to close in October

more http://www.miningweekly.com/article/newmont-sells-out-of-its-44-stake-in-penmont-jv-with-fresnillo-2014-09-12

Author: Andre Janse van Vuuren (Bloomberg)
Posted: Monday , 15 Sep 2014

Johannesburg (Bloomberg) –

AngloGold Ashanti Ltd. (ANG) scrapped plans to raise $2.1 billion through the sale of shares and split the company after investors opposed the strategy announced by South Africa’s largest gold miner only last week.

“A number of shareholders have expressed concerns about some aspects of the proposed transactions, in particular the quantum of the equity capital raising,” the Johannesburg-based company said in a statement today. AngloGold will continue to look at options to cut debt and simplify its portfolio, it said.

Billionaire investor John Paulson, whose hedge fund holds 6.6 percent of the company, objected to the share sale, saying it was “value destructive.” He had been in favor of a split between the South African and foreign operations of the group. The South African Reserve Bank only consented to the plan after AngloGold, which was to retain the assets it owned in the country, agreed to raise enough money to become debt-free, people with knowledge of the matter said last week.

The stock jumped 7 percent to 156.29 rand by 2:38 p.m. in Johannesburg, clawing back losses of 14 percent on Sept. 10 when the announcement was made.

more http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=253176&sn=Detail

http://stockcharts.com/h-sc/ui?s=AKG&p=D&b=5&g=0&id=p72498321338

Record Highs? 47% Of Nasdaq Stocks In Bear Market, Down 24% On Average

Submitted by Tyler Durden on 09/15/2014 09:05 -0400

With the S&P 500 hitting fresh record highs day after day (apart from last week), everything must be great, right? Wrong! As we have noted previously, the leadership in this market is becoming more and more narrowly focused as stunningly 47% of Nasdaq Composite stocks are down at least 20% from their highs with the average stock in the index in a bear market (down 24%). The same is true for the Russell 2000, with over 40% of stocks in bear market and an average drop from recent highs of 22%. By contrast only 31 names in the S&P 500 have seen drops of 20% or more this year. It appears, just as there has been an up-in-quality rotation in credit markets, so stock investors appear to have rotated into momentum winners, chasing returns in an ever-more narrow group of extreme beta stocks.

http://www.zerohedge.com/news/2014-09-15/record-highs-47-nasdaq-stocks-bear-market-down-24-average

Extent of Antarctic sea ice reaches record levels, scientists say

http://www.abc.net.au/news/2014-09-14/record-coverage-of-antarctic-sea-ice/5742668

Teranga Gold Confirms 2014 Production Guidance and Announces Positive Results on Key Growth Initiatives

http://finance.yahoo.com/news/teranga-gold-confirms-2014-production-100000844.html

Golden Star’s PEA of Wassa Mine Indicates NPV of $350 M

http://finance.yahoo.com/news/golden-stars-pea-wassa-mine-110000004.html

Harmony Gold Mining Company CEO Announces Giant King Grass Bioenergy Project in South Africa with Harmony’s Fourth-Quarter Results

http://finance.yahoo.com/news/harmony-gold-mining-company-ceo-110000022.html

Midway Advances Construction and Mining Begins at Pan Gold Project, Nevada

http://finance.yahoo.com/news/midway-advances-construction-mining-begins-120000904.html