WE ARE LOOKING FOR 1550 GOLD... (CONFIRMATION VERY CLOSE COMMING SOON)

AN AWESOME READ (AND A NOTE ALSO THAT KING WORLD NEWS IS GETTING INTERFIERENCE CHECKS ON THEIR BLOG)(IMPORTANT - Powerful entities do not want people to have access to the news that KWN provides.  As a result we have had a constant interference with the news feed on our home page.  Simply reload the home page until you receive the news feed, or go straight into the KWN blog.  You may need to clear your cache in order to see the latest news story.  KWN readers can simply google “how to clear cache” if they are unfamiliar with how to do this) MY FRIENDS STRANGE THINGS ARE HAPPPENING AND AS STATED BY ERIC KING SOME ENTITIES DO NOT WANT THIS INFORMATION SPREAD AND THAT MY FRIENDS IS SOMETHING THAT WE WILL DEFINETLY WORK THROUGH LIKE SPEED BUMP IT WILL SOON PASS HERE IS THE PART OF THE GREAT INTERVIEW BELOW... LINK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/26_Gold_%26_Silver_Continue_To_Climb_The_Stairway_To_Hell.html

As seen in the Gold/Silver ratio, over the last decade Gold has outperformed Silver when precious metals are being sold off.  Silver is actually the better performer when the metals are rallying.  This leads us to prefer Silver going forward should the precious metals in fact be turning higher. 

 

The Gold – Silver ratio already appears to be turning lower off of the 76.4% retracement of the 2008-2011 decline (log chart).  There is negative momentum divergence (not triple yet but could still be seen) developing as well, further suggesting a move lower. 

Like Gold, Silver is testing resistance around the top of the recent downward channel at $20.35.  Beyond there is immediate resistance at the 55-day moving average (currently $21.10).  A break through those levels would be the first indication the recent Silver bounce can continue. 

The stretched 55-to-200 day moving average gap dynamic suggests the break through the 55-day moving average would open the way towards the 200-day moving average around $27, which is slowly converging with resistance around $26, the lows from 2011 and 2012.  A break through these levels would be the final confirmation that Silver’s long-term rally has resumed.

For the time being, we are carefully watching the near-term resistance levels on Gold ($1321-$1338) and Silver ($20-$21), and until we see a decisive closes through them, prudence requires us to be cautious.  However, it certainly appears to us that the precious metals are building a base off of which the next rally higher will begin and we continue to expect Gold to move towards $3400-$3500 by 2016 (and Silver should do even better on a percent change basis).”




HERE IS FEED BACK ON 10 YEAR TRESURY NOTES AND CONFIRMATION OF INCREASED INTEREST RATES EQUALS  A CRIPPLING ECONOMY AS WE ALL KNOW ABLOUT GRAVITY ALL MARKETS GO UP AND ALL MARKETS COME DOWN JUST THROW A ROCK STRAIGHT UP IN THE AIR AND YOU WILL SEE

GnS+Research

A look at miles and franklin...

Sum of All Fearshttp://www.silverseek.com/article/sum-all-fears-12326

Ranting Andy

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TPTB's "sum of all fears" appears to have started; as despite miserable earnings and - at best - mediocre economic data - interest rates are surging anew.  The all-important 10-year Treasury yield is up to 2.58% this morning; in range of the 2.74% high before Bennie's "no tapering" speech last week.

 

If rates pass through this level, it will MASSIVELY crimp - already flat-lining - economic activity; and thus, likely catalyze an OVERT announcement of QE5 - forever putting to bed the notion of an "exit strategy."

 

I expect TPTB to try EVERYTHING imaginable to make this happen; including, if need be, fudging next week's NFP numbers to make them look much WORSE than expected.

 

Either way, their "smoke and mirrors" game will eventually implode on them - as ALL Ponzi Schemes do.http://www.silverseek.com/article/sum-all-fears-12326

Andrew C. ("Ranting Andy") Hoffman, CFA

Marketing Director

Miles Franklin Ltd.