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The US Dollar topped in early 2015, and will probably start another leg down tomorrow.
USD chart:
http://schrts.co/uggVNs

Nothing surprises me, as I’ve said for decades, our entire country’s administration, was hijacked, infiltrated, and merged with various gov’ts of other foreign nations.

USA independence lasted from 1776 to 1913. A “union of gov’ts” was established officially, after 1913. My view after the 2008 meltdown is that “free trade” and resulting growing global socialism was a big mistake and the system is failing and in reverse.

Time to be happy.

Oil 33.96

Another angle on this FWIW. <16 minutes!

plus Oil is being butchered…..Scums big problem is the SM, it’s looking and tradeing bad, ….huge amounts have to be invested somewhere, managers get paid on performance, so they will shift some into PM stox and only a little will run them hard.

Nem on low of day …..go figure !!!!!!

TORONTO (miningweekly.com) – While gold output is in decline as a result of falling grades, mine closures and new construction projects being deferred, and the situation compounded by gutted exploration budgets and capital markets being effectively closed for the gold industry, the next big price move could only be up, the chief owner, chairperson and CEO of McEwen Mining, Rob McEwen, tells Mining Weekly Online. “Gold is cheap and gold shares are very cheap. I think we are at the bottom for gold. More consolidation and rationalisation is to come and today’s biggest producers will be surpassed by new leaders emerging from the mid-tier. “These new leaders will have stronger balance sheets, good growth stories and management – more focused on building their share owners’ wealth first, rather than their personal wealth – will emerge and take the lead,” the founder and former chief executive of the world’s largest gold miner by market capitalisation, Goldcorp, stated in an emailed interview.

more

http://www.miningweekly.com/article/with-the-gold-industry-in-a-state-of-flux-the-next-big-price-move-is-up-rob-mcewen-2016-01-06

Yeah … “lack of demand.”

The POS will fall until the last oz leaves crimex.

Get it while it’s cheap! Buysilver!

Just too bad that lack of demand in silver keeps hurting the price….

Seems it hurts the gold price too…

Man they’re sure slamming silver! Pricks!

Smell their fear … and the lower it goes the more silver is bought by the public.

It IS interesting that gold is doing so well with the dollar strong.

We don’t got to show you no stinkin strong dollar! 🙂

yeah AAU should pick up and it was a little overbought – used Floridagold’s trusty 10/20 dma on that one

I’ve done OK with it before.

I guess we should be happy pm’s are up at all considering the USD strength of the last couple of days.

Warms my heart it does!

Seems the most we get anymore is about a half hour of solid rally

Alamaden should pick ups steam as well. I see that they got a little overbought lately. I think you just have to wait a bit and you’ll do fine.

That new gov in Argentina has relaxed their currency controls and are trying to get more mining investment. That should help Mux’s situation there with the San Jose Mine.

PS Check the cushions in the couch for change and buy LSG. You’ll be happy you did! 🙂

HAHAHAHAHAHAHAHAHAHAHAHALOLOLOLOLOLOL!! I hope you won’t mind if I repost them. Thanks for starting my day off right!!

40,000 words

Blew my last buy all to crap. Sold a third of MUX and bought AAU instead of paying up a little for LSG

MUX and LSG are screaming, AAU is flat.

Silver shares lagging a bit but so is silver.

Good one! In the US the writer of that song would probably be arrested for “not loving Muslims” or some such Obama idiocy.

even if they goose gold don’t usually help the mining shares much, I guess on account of being viewed as transitory in nature. Today seems different.

Knock on wood.

https://youtube.com/watch?v=yZZlo0WZ_iU%3Frel%3D0

No … a couple of thousand points … I think you got that right …

New Gallup Poll – Americans Consider Government A Much Bigger Problem Than Guns

http://www.zerohedge.com/news/2016-01-06/new-gallup-poll-%E2%80%93-americans-consider-government-much-bigger-problem-guns

Re N Korea

Having a certifiable nut case with an H Bomb in the world, shud be good for 1 or 2 thousand up pts in the Dow…or am I missing something ???????

I Have a dream …

A nice 10% rally in GDX would go a long way…

I can dream..

North Korea says it has the ‘H-bomb of justice’ after nuclear test

http://www.cnbc.com/2016/01/05/big-earthquake-detected-near-north-korean-nuclear-site-reports.html

You weren’t wrong, just mistaken. 🙂

PM’s have put up a good fight the last couple of days despite a stronger USD

Course the bubbleheads on CNBS are blaming N. Korea and the hydrogen bomb test. It may just be as you said, the CB’s are getting overwhelmed a bit and N. Korea is a convenient excuse.

I believe that when the Fed raised they had to withdraw some money from the system, that isn’t working out so well at the start of the New Year.

Gold just took out $1187-89. I think that was a line in the sand for the idiot paper traders. This could get interesting.