Got Gold Blog

Friday, August 01, 2014

COT Data Watch for Silver Futures

HOUSTON – Later today, Friday, August 01, at 15:30 EDT, the Commodity Futures Trading Commission (CFTC) will release its commitments of traders report (COT) for positioning as of Tuesday, July 29. Recall that gold had sold down a little then, to just under $1300. We believe the key COT charts to watch are the ones below, which reflect July 22 positioning of the Swap Dealers and Managed Money traders in silver futures. We may revisit this post again once the data has been released and we have time to digest it – for a comparison update. Going into this new report, we want

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Thursday, July 31, 2014

Latest HRA Editorial: Disappointing Politicians

Latest HRA Editorial: Disappointing Politicians From the July 21st, 2014 HRA Journal: Issue 217 We’re half way through the dog days of summer and metals and juniors haven’t collapsed yet. So far so good. I don’t expect them to but this time of year the markets can generate big swings on even fairly minor news. Metals in general continue to perform well and gold is fighting its way back from a $60 smack down. As you know, I’ve never been one for conspiracy theories but even I was shocked at the scale and timing of the sells in the futures market that drove

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Precipitate Completes Due Diligence and Elects to Proceed with Acquisition of Concessions in the Dominican Republic

VANCOUVER, BRITISH COLUMBIA, Jul 31, 2014 (Marketwired via COMTEX) -- Precipitate Gold Corp. (the Company or Precipitate) (tsx venture:PRG) is pleased to announce that, with respect to the agreement announced July 2, 2014, it has completed its due diligence review of the Richard and David concession applications and notified Gexplo S.R.L. and Santo Mining Corp. (together the Vendor) of its decision to proceed with the agreement to acquire a 100% interest in both the Richard and David concession applications in the Dominican Republic. Upon execution of the agreement, Precipitate was granted a 30 day due diligence period during which it reviewed all available

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Greenspan - Correction Looms for U.S. Equities

Former Fed Chairman Alan Greenspan sees headwinds and a coming correction for the U.S. economy given signals he sees in the recent data. “The stock market has recovered so sharply for so long you have to assume somewhere along the line we are going to get a significant correction. Where that is I do not know,” Dr. Greenspan warned in the Bloomberg video interview below. Best viewed on page 2. Source: Bloomberg http://www.bloomberg.com/video/greenspan-stocks-to-eventually-see-correction-zaGdo0XYS2mVfyfntonjxQ.html

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Argentina enters default for second time in 13 years after talks with US creditors break down

Claudia Torrens writes for the AP. NEW YORK (AP) — The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nations staggering economy.

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Wednesday, July 30, 2014

Bud Conrad - Why the Fed’s Taper Hasn’t Hurt the Stock Market… Yet

Bud Conrad, Chief Economist for Casey Research writes in this must-read essay: Today (Wednesday, July 30) at 2 p.m. Eastern time, the Fed will issue a statement on monetary policy. I don’t expect it to contain any surprises. The Fed will continue to taper by reducing its quantitative easing (QE) purchases by another $10 billion/month, bringing total purchases to just $25 billion per month. Further, I think the Fed will stick to its plan to end QE purchases altogether by October: Please continue reading next page...

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Tuesday, July 29, 2014

Jim Grant - Fed Policy May Be Fueling a Credit Bubble

Whenever Jim Grantis talking we try to find the time to listen. The Bloomberg set up for the brief video interview below reads: James Grant, editor of Grant's Interest Rate Observer, talks about Federal Reserve policy and its potential impact on financial markets. Grant, speaking with Tom Keene, Adam Johnson and Olivia Sterns on Bloomberg Television's "Surveillance," also discusses investing in Russia. Video below, about 8 minutes.

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Ron Paul - Stocks are in a Bubble and will Crash

The CNBC set up for the brief video below reads: Ron Paul, the former U.S. representative from Texas and perhaps Americas most popular libertarian voice, has long said that the nations monetary and fiscal policies would result in massive inflation. According to the common measures of inflation, this has not yet occurred. But Paul maintains that the inflation he has warned of has indeed come to fruition in asset prices, and that once it unravels, a market crash will ensue. I think theres plenty of inflation, but my definition of inflation is a little different than the rest, because I think prices going

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Monday, July 28, 2014

Precipitate Commences First-Phase Drill Program at the Ginger Ridge Zone in the Dominican Republic

Vancouver, B.C. - July 28, 2014 - Precipitate Gold Corp. (the Company or Precipitate) (TSXV: PRG) is pleased to announce the commencement of a first-phase drill program at the Ginger Ridge gold zone within the Companys 100% owned Juan de Herrera project in the Tireo Gold Camp in the Dominican Republic. The drill and crews have been mobilized to site and the Companys maiden drill program at Ginger Ridge is now underway. The program will total approximately 1,200 metres (m) of diamond drilling and consist of 6 to 8 holes aimed at testing priority near-surface target areas within the central core of the

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Get REAL: Silver

The set up for the video below reads: Sponsored by Mining Maven at: http://www.miningmaven.com/getreal Jan Skoyles presents a Get REAL special on silver. She talks to Mark OByrne of Goldcore.com about how the industrial and precious metal will do. Best viewed on Page 2. You can follow Jan on Twitter here:https://twitter.com/skoylesyYou can follow Mark OByrne here:https://twitter.com/marktobyrne Source: YouTube

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Sunday, July 27, 2014

COMEX Swap Dealers Hedging a Massive Long Play on Silver?

HOUSTON – We have just two stops to make on today’s rabbit trail, but both of them “count” and both are pretty dang important. Today we will be looking at what some are calling a “too-high, too fast” net long position in silver by Managed Money traders and then we will cover an aspect of the huge, record high short position in silver futures held by the mercenary Swap Dealers, and it’s a “keeper.” So, with no further preamble, let’s take the lesser of the two first and move on from there. I am Shocked! Shocked that Managed Money Traders are So Net

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My thoughts On Pat Buchanan’s Brilliant And Incisive Take On Washington’s Ukrainian Fiasco

David Stockman brings us Pat Buchanan with timely commentary on the Ukraine, Russia and the U.S. Pat asks brilliantly, who is the real problem here? David begins: In just 800 words Pat Buchanan exposesthe sheerjuvenile delinquency embodied in Washington’s currentUkrainian fiasco. He accomplishes this byreminding us of the sober restraint that governed the actions of American Presidents from FDRtoEisenhower, Reagan andBush I with respect to Eastern Europe duringfar more perilous times. In a word, as much as they abhorred the brutal Soviet repression of the Hungarian uprising in 1956, the Prague Spring in 1968 and the solidarity movement in Poland in the early

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Saturday, July 26, 2014

Goldman’s Bearish Gold Call Tired, COMEX Swap Dealers Squeeze-Vulnerable

HOUSTON – You know that bearish gold call from Goldman Swaps Sachs on Thursday that helped push gold lower, albeit not really very much? Lets look at the action in gold and silverin hourly terms with the COT cutoffs shown to refresh the memory. Just so everyone knows we all know the score, below is the near record high short positioning of the 18 traders who reported gold shorts and the 14 traders who reported silver shorts as Swap Dealers in the July 25 disaggregated commitments of traders report (DCOT) by the Commodity Futures Trading Commission (CFTC).

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Friday, July 25, 2014

Draghi Safety Net Becomes Blindfold to Risk as Bonds Soar

David Goodman reports for Bloomberg: Two years since European Central Bank President Mario Draghi’s historic promise to defend his currency bloc, there are signs bond investors are growing too complacent under his protection. While Draghi’s pledge, backed up with unprecedented policy action, held the euro region together, recent price moves suggest it also immunized investors against risk. The average yield on bonds from Europe’s most-indebted nations touched a record low yesterday, even after the downing of a passenger plane over Ukraine, an escalation of conflict in Gaza and financial woes at Portugal’s Espirito Santo Group. “It’s been an exercise in central banks desensitizing

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Hamilton - Gold’s Strong Season Starts

Adam Hamilton writes for Zeal LLC. He begins: Gold’s strong season is just getting underway, with this metal’s summer-doldrums seasonal low in place. The past couple months’ stiff headwinds are starting to shift to fierce tailwinds, thanks to Asian demand ramping up heading into autumn. Gold’s pronounced seasonality is very important for all investors and speculators to understand, as today’s inflection point is a very bullish omen for this still-unloved asset. Gold seasonality is somewhat counterintuitive, with its mined supply essentially constant year-round. Once a company spends over a decade and many hundreds of millions of dollars to develop a gold deposit into

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

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