No, If I gave price and time targets they would only be my best guess. That being said, I do have what I believe are realistic targets but, I would not bank on them. When I posted here in very early Sept. that the ICH was at hand and  cycle change was in progress…”I knew”.    We are all fallible, we all make  mistakes but man, when you know and really know that you do know go with that flow. With $Gold it’s been  homework first and mucho years of scars on my back. Not ego, just truth.  Too late for me now…thirty/forty  years ago and it would have been really something else!

When we get there or even close to getting there, I’ll love to post it. For now folks should just sit back and RELAX. Keep your long powder dry…it’s (ICL) coming. We had an A decline then a B rise and now the real beginning of the C decline.JMHO.

The Commitment of Traders Report

Silver

*The large specs increased their long positions by 125 contracts and reduced their shorts by 814 contracts.

*The commercials increased their longs by 230 contracts and increased their shorts by 3,445 contracts.

*The small specs increased their longs by 1,462 contracts and decreased their shorts by 724 contracts.

The commercials are net short 76,906 contracts.

Gold

*The large specs increased their long positions by 11,583 contracts and increased their shorts by 5,013 contracts.

*The commercials increased their longs by 4,705 contracts and increased their shorts by 11,959 contracts.

*The small specs increased their longs by 982 contracts and increased their longs by 298 contracts.

The commercials are net short 310,942 contracts.

No major changes. The Gold Cartel/JPM crew remain mega short.

Do you have a price target (low) for gold & silver, or a time estimate/range?

This is just a normal Int. Cycle seeking an (ICL) Low.  Nothing at all strange about it but, that being said, worse is yet to come. It is still too early in both price and time for an ICL bottom right now. As far as tax selling goes, so what! We get that every year but, now we have very good 3rd Qtr, earnings to look forward to. I’m very positive about $Gold going forward after this selling bout is over but, based upon passed ICL lows this bitter fruit is not yet ripe enough on the tree…just my certain take on it all. When we do finally hit bottom I hope to be here to gently shout it out.

Thing with the COTs is the idiot gambler funds think they actually own gold by trading the futures…so they are hanging on to their positions like they are bullion.

With the amount of dollars that went into buying futures over the last 6 months or so, gold would be much higher right now if that capital had been directed towards hard (physical) bullion.

So if this continues, where the gamblers hang on to their futures contracts, the most likely outcome is force majeure at some point when Comex fails to deliver and they can’t obfuscate with more LMBA bullshit (little physical is going out of here as well).

And the adjustment when that occurs should be quite violent.

Have a good weekend.

Cheers

https://cftc.gov/dea/futures/deacmxlf.htm

Yep, years. Thought we had the potential to break out of the norm for the last 8 years.

Thing is, SLV is flat, but silver shares (gold shares too) are getting absolutely crushed. So much for shares going with or against the SM.

Tax loss selling is around the corner. Unbelievable.

Ya that’s what I was going to say.

We’ve had years of this crap with the gamblers / derivatives / algos making a farce out of legitimate price discovery.

So anybody who does not know this by now probably should not be in these rigged markets.

But the paper markets have run the supplies of most hard assets / tangibles into the ground…which will bust things wide open soon now…with a little (sarcasm) help from the debt markets (most rigged markets in world).

Cheers

QE4 “Not A QE” Begins: Fed Starts Buying $60BN In Bills Per Month Beginning Next Week

Just remember: $60BN Bill POMO + $75BN O/N Repo + $70BN ($35BNx2)Term Repo is clearly “NOT A QE“.

On the wall in the office where I worked , was a map of the USA .
There is a major river in the West , which flows through the Grand Canyon .
On the map it was named the ‘Corolado’ .?

With the 3month/10 yr. Treasury curve “uninverting, and QE4 being ramped up, what the heck am I missing here? Seemingly, things are unraveling and the complacency levels are through the roof!

Tax loss selling in the juniors.

This is just flat ugly.

I doubt there will be any meaningful correction in the SM. Don’t see why there would be – it’s Teflon – bad news of any kind just doesn’t stick.

Nope…still too many idiots buying VIX derivatives \ calls.

New highs possible as the machines cue off collapsing gold as the signal everything is just fine and dandy.

This is the last move higher for stocks / down for gold before super-cycle forces grip the markets however.

It’s coming (relatively) soon now.

Cheers

Ecuador woes weigh on SolGold’s shares, projects future

Worries around the fate of SolGold’s (LON, TSX:SOLG) projects in Ecuador escalated this week after President Lenin Moreno, whose austerity measures set off violent protests, fled capital Quito and sought refuge in the southern port city of Guayaquil, triggering rumours of a coup d’État.

The Australian miner has seen its value halved since May, when a proposed referendum on mining casted doubts on the future of its projects and assets. From the 37.60 pence its shares were trading on May 1st in London, they have fallen 17.20 pence as of Thursday morning, leaving it with a market cap of only 317.57 million pounds (about $393 million).

Ecuador woes weigh on SolGold’s shares, projects future

Gartman Stopped Out Of His Short Just One Day Later

https://www.zerohedge.com/markets/gartman-stopped-out-his-short-just-one-day-later

Captain–u looking for a crash/. big drop in stocks soon?  The china talks will probably. be.  revealed over the weekend as a let down…

Metals & VIX Are Set To Launch Dramatically Higher

That sounds terrible…but bring it on….anything to get rid of the assholes we are dealing with right now.

Speaking of which, the Comex fund trader assholes continue to sell this morning…let’s hope it’s a lot so we can get on with it.

If they drag things out here we will have to endure extended tax loss selling in the junior shares.

Looks like it’s already into the process now based on the way the CDNX is collapsing.

Let’s all hope it’s not just a general lack of liquidity…no? (soon coming to a market near you…chuckle)

Cheers

“Unheard Of For October” – MidWest Farms Face Imminent “All-Out Blizzard”

Authored by Michael Snyder via The Economic Collapse blog,

Farmers in the middle of the country are about to get hit by what could potentially be the worst October blizzard in U.S. history. According to USA Today, “the massive size and intensity of this snowstorm is unheard of for October”.

In other words, we have never seen anything like this in the month of October ever before. Such a storm would have been disastrous enough in a normal year, but this has definitely not been a normal year for Midwest farmers. As I detailed extensively in previous articles, endless rain and horrific flooding made planting season a complete and utter nightmare for many Midwest farmers this year. Millions of acres did not get planted at all, and planting was seriously delayed on tens of millions of other acres. As a result, corn, soybeans and other crops are simply not ready to be harvested in many parts of the Midwest, and now an unprecedented winter storm is barreling directly toward our heartland.

cont. https://www.zerohedge.com/health/unheard-october-midwest-farms-face-imminent-all-out-blizzard

Re EV’s

Yup it is the Battery that is the problem. Saw a good comment recently that said the science behind the battery had not changed/cannot change, all that had changed was the metals, which have allowed some progress….but it will take something that has alluded mankind for over 100 years, to ever make them really viable.

As to why we are chasing them….loads of reasons, but many that are dodgy….There is a real danger that the Car industry may collapse, especially in Germany, as the rush to EV’s may well turn into fiasco, as no-one is buying them. The Car industry is Germany’s biggest employer, over 800,000…if Germany falls over, then so does Europe, then the Euro goes…which will take out the World financial system…etc, etc.

Iranian Oil Tanker Struck By 2 Missiles Near Saudi Port

The attack marks a major escalation of tensions in the region…

to follow up with Maya and my commentary. Lithium-based batts spank everything else, and Maya is right, it’s all about DOD. Now Elon is a VERY smart cat and his batts are far superior to this chart yet. I’ve posted this chart several times now and some people still don’t believe it, doesn’t mean it’s a lie.