When I started about my prepping Odyssey of building a home for the future, I'd hoped that folks here in T–ville might learn from some of my blunders. I think we have a fine opportunity to learn such things today. Coincidentally, my mood over the past month is perfectly reflected by the weekend silver chart.
Volatility reigns as what was bought yesterday is sold today and what was sold yesterday is bought back today. However, Comex gold continues sideways here on Day 11 as we wait out the final hours before the Jun18 Comex contract goes off the board.
Ronni Stoeferle of Incrementum AG has been a friend of TFMR for a while now. Each May, he and his partners at Incrementum publish their annual yearbook entitled "In Gold We Trust". It is required reading for anyone with an interest in the sector and we are pleased to post it here today.
The POSX is surging again today, regardless of the FOMC news. Why? The euro is circling the drain again as EU risk spikes with renewed problems in the PIIGS. (We haven't had to use that acronym for a few years!)
John and Steve used last evening's podcast to summarize the current rash of headlines detailing the concerted effort made to infiltrate and undermine the Trump campaign in 2016. Knowing this, they then ask if the entire "Russiagate" story is nothing but a fabrication and an effort to conceal the tracks of deep state malfeasance.
We were first to recognize the yen-gold correlation back in the fall of 2014. In the months and years that followed, we watched this phenomenon drive the price of Comex gold on a daily basis. And then suddenly, sometime around February 1 of this year, something changed. Why?
The price of Comex gold ran right into expected resistance today here on Day 6...but that's hardly surprising and we discussed this likelihood in yesterday's podcast. However, things continue to improve if anything by not worsening.
Suddenly, there seems to be some really serious shit bubbling just below the surface again. Though we can't yet tie it all together into one neat little package, there certainly are signals out there that make you wonder if the global apple cart is about to be turned upside-down once more.