Correlation Economics Backup

New physical gold buying is occurring in the GLD as of last Friday. At the same time gold prices were going down without any reason.   This physical gold buying is confirmed by the COMEX report as registered gold went up (blue line).

It looks like the commercial shorts have not covered everything yet. So stay tuned for possible lower gold and silver prices.

Gold (GLD) and silver (SLV) were smashed the first week of October 2016 at the same time when the Shanghai Gold Exchange was closed for a week. It was the perfect moment to talk about interest rate hikes and surely we saw Richmond Fed President Jeffrey Lacker tout that interest rates need to rise. This promptly induced a massive 1000 tonnes of paper gold selling. The question is: "Are we in a correction of a bull market or are we seeing a dead cat bounce and resuming a bear market?". The chart below (source: Kitco ) suggests we will see a period of consolidation before we can rise higher. Read the answer here.

Interesting video to watch on deflation and hyperinflation.

Gold Repatriation is still ongoing. Germany better transport those 1000 tonnes in gold reserves as quickly as they can because I see an economic war coming.  

In this article I present you one of the best opportunities to leverage against a rising gold and silver price. The following exploration company caught my attention when last week Pierre Lassonde increased his ownership to 14.13% by exercising common share purchase warrants for proceeds to Calibre Mining (CXBMF) of CDN $1,250,000.  You might say this is another gold/silver/copper exploration company, but the following reasons will change that perception. Read further here .