Real Interest Rates at a Tipping Point for Gold

I've written about real interest rates a lot for subscribers. So it was nice to see this post and chart by @WFLONGWAVE on Twitter: "Real interest rates were often negative during the run up to 1900, see picture. They were the fundamental driver for the gold bull market."

That's it for now. Busy with today's afternoon column and getting ready for the launch of Red-Hot Resource Millionaire. You can watch a free webinar with all sorts of juicy, interesting gold and miner facts and charts.

Will Gold find support at $1260 or lower? Chart!

Here's a chart I whipped up on Stockcharts. It shows where I see support for gold.



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You can see that price support at $1,260 lines up closely with the 200-day moving average at $1,258.  So we can expect support there.

But what I would prefer is for gold to pull back to deeper support at its uptrend. That might be a great platform for gold and miners to launch higher.

We'll see how it plays out. Good luck and good trades to you.

Sean

Tune in to Learn the Secrets of Gold

I'll be giving a free webinar next week on gold and miners.

It's going to be good.

But you can't watch it yet. You can SIGN UP for it.

... I invite you to join me for an urgent four-part workshop next week. Click here to reserve your FREE seat now

So do that. And I'll talk to you next week.

Update: The webinar is on! The reviews are good. You can watch it here: www.newgoldbull.com

Thursday Goodies -- Death by Laughter

I remember watching the British comedy show "The Goodies" when I was much younger. It was a very strange show. And apparently, it has both killed a viewer and caused an early birth.

From Wikipedia: 

On 24 March 1975 Alex Mitchell, a 50-year-old bricklayer from King's Lynn, literally died laughing while watching an episode of The Goodies. According to his wife, who was a witness, Mitchell was unable to stop laughing whilst watching a sketch in the episode "Kung Fu Kapers" in which Tim Brooke-Taylor, dressed as a kilted Scotsman, used a set of bagpipes to defend himself from a black pudding-wielding Bill Oddie (master of the ancient Lancastrian martial art "Ecky-Thump") in a demonstration of the Scottish martial art of "Hoots-Toot-ochaye." After twenty-five minutes of continuous laughter Mitchell finally slumped on the settee and died from heart failure. His widow later sent the Goodies a letter thanking them for making Mitchell's final moments so pleasant.

On 1 November 1977 Seema Bakewell, a 32-year-old housewife from Leicester, went into labour whilst laughing at a sketch in The Goodies episode "Alternative Roots". She refused to leave home for the hospital until the episode had finished.

Trump Keeps Talking the Dollar Downward

Recently we saw the U.S. dollar slide after President Trump said "our dollar is getting too strong." But that's not the first time he's talked the greenback lower.

Source

So, do you think Trump will change his mind and start talking the dollar up? Or does it suit his economic goals to have the dollar move lower against the currencies of China, Japan and Europe?

I think he wants a cheaper dollar. And that should be bullish for gold.

Just something to think about.


P.S. I’m putting the finishing touch on a virtual goldmine of my favorite microcap stocks in the metals and mining space. And I’m planning to unveil these to our very best subscribers in the coming weeks. If you’d like us to notify you about not only what to buy … but also precisely when … just let me know by clicking this link here.

How I'm Playing Gold and Miners Right Now

In other news, even though the dollar is weaker, gold is down today. It must be technicians selling as gold bumps up against the big downtrend I told you about.

The good news for gold is all the bearishness we're seeing now. Story after story about how gold must surrender its gains. I'm expecting whipsaw volatility as first the bulls, then the bears, then the bulls, then the bears get disappointed again.

But the fact is, fundamentals are seriously in gold's favor. I think we're going to break that downtrend. It just may take some time. Personally, I took some gains in PureFunds ISE Junior Silver ETF ($SILJ) yesterday. But I'm holding on to plenty of other positions. I don't want to be THAT GUY who sells everything at the first sign of trouble, then ends up crying in his beer.

And I may buy SILJ again soon. Or I may end up kicking myself because I miss the next entry.

But there is plenty of else that looks good. And the more pressure there is on good miners, the more of a banquet of bargains is laid before us.

P.S. I’m putting the finishing touch on a virtual goldmine of my favorite microcap stocks in the metals and mining space. And I’m planning to unveil these to our very best subscribers in the coming weeks. If you’d like us to notify you about not only what to buy … but also precisely when … just let me know by clicking this link here.

JP Morgan's Sector Earnings Outlook

Quite a button-popper for energy, if JP Morgan's outlook holds true.

Accoring to JP Morgan, 2017 looking shiniest for energy, financials and technology. Then again, forecasts often get wrecked by the rocky reefs of reality. I'm not trying to be a downer. Just: We'll see.

Original story HERE