Monday, 23 March 2015

Frank Holmes: Is USD Still Gold’s Biggest Threat?

"Frank Holmes starts the week off with Gold Game Film as he weighs up last week’s gold strength following Wednesday’s FOMC meeting. Holmes notes that a correction in the U.S. dollar was due and that’s what markets saw after the meeting concluded. “Everyone was long the USD, and we saw redemptions for many weeks in a row out of the GLD, and there is a trade that goes on between gold and the USD…now we got caught offside because of the dovish meeting.” While a scale back in the USD has helped gold prices, Holmes states that the currency remains a strong threat to the yellow metal. Tune in now to see where Holmes’ is tossing this week’s touchdown pass. Kitco News, March 23, 2015."

Gold: Is US Dollar Parabolic Move Over?

  "This is what is called the parabolic move in US Dollar. It has "coincided" with the collapse in Oil and other commodities. You can appreciate the magnitude of this move and the total devastation is has caused in the commodity markets. Is it over now? Everybody is still bullish on dollar, but FED has already scaled back expectations on the rate hike. Immediately we had the dollar flash crash, which is better seen on the daily chart below. Strong dollar is not very good for the recovering US economy, actually FED is in the corner of 18 Trillion debt, All-Time-High markets and the brave idea to hike the rates. Half of the traders maybe have never even seen rising rates in their lives before. What will happen with the market on fire once the oxygen will be going out? I would say that this "removal of patient does not mean that we are impatient" will lead to the very gradual couple of hikes the most. Once the market realise it, this parabolic move will end in the crash. The higher it goes the harder it will go down. When will it happen? I guess that nobody knows, but at least we have the hesitation now, which could be enough for the margin calls on this the most crowded trade after another 5% move down. Read more."

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

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