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When China Confiscates Gold- Get Silver like JPM

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When China Confiscates Gold- Get Silver like JPM

PDATE- 2:14 PM EDT

China’s Stated Gold Reserves are now 1670 Metric Tonnes

REUTERS  Sept. 7: China’s gold reserves rose to 58.95 million fine troy ounces (oz) at the end of August, from 58.79 million fine troy ounces at the end of July, the central bank said on Wednesday. (Reporting by Beijing Monitoring Desk; Editing by Himani Sarkar)

  • GFMS assessed  Chinese demand at 867 tonnes for 2015.
  • Estimates of true Chinese  demand  are north of 2,250 tonnes for 2015 [Click for Section]

FULL ARTICLE LINK: When China Confiscates Gold- Get Silver like JPM

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Gold Mining Hedges Rise with Costs & Price

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Gold Mining Hedges Rise with Costs & Price
Gold mining profit margins still rise with bullion, invite a second quarter of hedging…
GOLD MINER hedging to lock in market prices rose for a second consecutive quarter between April and June, according to leading analysts, as mining costs also rose together with world bullion prices.
Led by smaller miners in Australia – where quarterly output hit a 15-year record in Q2 as gold priced in Aussie Dollar terms touched all-time highs – the total amount of unmined gold sold in advance to lock in prices rose 8% says Thomson Reuters GFMS, publishing its latest Global Hedge Book analysis for French investment and bullion bank Societe Generale on Friday.
Gold miner hedging saw its sharpest percentage jump since the 1990s in Q1 as world prices rose, albeit from a relatively low start.
Priced in US Dollars, Q2 then saw the first back-to-back rise in quarterly average bullion prices since gold hit its current all-time peak in Q3 2011.
Chart of quarterly average gold price in US Dollars per ounce
Accounting for head office and exploration expenses as well as direct charges meantime, specialist consultancy Metals Focus said this week that the average “all-in sustaining cost” of mining 1 ounce of gold rose 6% worldwide in the second quarter of 2016 from the previous 3 months – the first increase since spring 2014.
The cost increase just lagged the rise in market prices however, raising AISC profit margins by 7% to an average $379 per ounce.
“Currency movements proved the main driver,” says Metals Focus‘ analysis, extending the pattern of recent years but this time pushing US Dollar mining costs higher as major gold-producer currencies such as the Australian Dollar, Canadian Dollar, Russian Ruble and South African Rand rose on the FX market.
Taking advantage of Q2’s improved profit margings, new hedging of unmined gold added 21 tonnes to the outstanding total already protected against price falls, says GFMS, taking the global hedge book to a 6-year high of 295 tonnes by end-June.
Swelling by two-thirds from total  gold miner hedging in mid-2015 however, that totals less than 10% of the record hedge book built by the global gold-mining industry as prices fell during the long bear market ending in 2001.
“The gold producer community,” says GFMS, “is starting to develop a more open attitude towards hedging” after the shareholder backlash and rapid de-hedging amid gold’s 2001-2011 bull market.
But looking ahead to Q3, pre-booked deliveries to settle existing hedge contracts make “modest de-hedging the more likely outcome” unless gold prices rise to new 3-year highs above $1400 per ounce.
For mining costs, “We are of the view that Q1 2016 marked the bottom of the deflation cycle,” says Metals Focus.
“Global gold production costs will continue to rise over the coming quarters as gold prices improve and margins recover.”
The outstanding global gold miner hedge book has not expanded for 3 consecutive quarters since the turn of the millennium on GFMS’ data.

See all articles by goldbug.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Update-3: Deutsche Boerse responds to Xetra-Gold Delivery Allegations

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Update-3: Deutsche Boerse responds to Xetra-Gold Delivery Allegations

by Soren K.

Background

Yesterday we ran a post on trader Oliver Baron nad GodMode trading’s difficulty and ultimate inability to get physical gold  for its shares in an ETF called Xetra-Gold. As you can imagine, this is a hot-button for those of us who are aware that countries like China can and will confiscate Gold. A hot button because there is a real fear that Gold will increasingly be difficult to get form custodian vaults on demand. When the so called tin-foil hat conspirators are increasingly proven right by firms like Wiki-Leaks, one has to wonder at the integrity of all institutions. And so this is an attempt to recount Godmode’s issues, our coverage and DBE’s request for us to stand down until they explained everything. They did so at 10:35 AM their time. What follows is a play by play for the unitiated, and an attempt to organize the events in an easily digestible manner.- Soren K.

FULL ARTICLE HERE: Update-3: Deutsche Boerse responds to Xetra-Gold Delivery Allegations

Email: sorenk @ marketslant.com

 

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Stock Trading Alert: Positive Expectations Ahead Of Economic Data Releases, But Will Stocks Continue Higher?

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Stock Trading Alert: Positive Expectations Ahead Of Economic Data Releases, But Will Stocks Continue Higher?

Stock Trading Alert originally published on September 1,  2016, 6:53 AM:

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is now neutral, following S&P 500 index breakout above last year’s all-time high:

Intraday outlook (next 24 hours): bearish

Short-term outlook (next 1-2 weeks): bearish

Medium-term outlook (next 1-3 months): neutral

Long-term outlook (next year): neutral

The U.S. stock market indexes lost 0.1-0.3% on Wednesday, extending their short-term consolidation, as investors continued to hesitate following June – July rally. The S&P 500 index remains relatively close to its recent new all-time high of 2,193.81. The nearest important level of resistance is at around 2,190-2,200. On the other hand, support level is at 2,160-2,170, marked by short-term local lows. The next support level remains at 2,150. Will the market continue higher? Or is this some kind of a topping pattern before downward reversal? There have been no confirmed negative signals so far:

1

Expectations before the opening of today’s trading session are positive, with index futures currently up 0.2-0.3%. The main European stock market indexes have gained 0.1-1.1% so far. Investors will now wait for some economic data announcements: Initial Claims, Productivity number at 8:30 a.m., Construction Spending, ISM Index at 10:00 a.m. The S&P 500 futures contract trades within an intraday uptrend, as it retraces its yesterday’s move down. The nearest important level of support is at around 2,160-2,170. On the other hand, resistance level remains at 2,175-2,180, marked by some recent local highs, as we can see on the 15-minute chart:

2

 

The technology Nasdaq 100 futures contract follows a similar path, as it retraces its recent decline. The nearest important resistance level is at 4,800 mark. On the other hand, support level remains at 4,760-4,770, among others, as the 15-minute chart shows:

3

Concluding, the broad stock market continues to trade within a short-term consolidation, as the S&P 500 index remains relatively close to last month’s record high. Will it continue its long-term uptrend following few-week-long fluctuations? Or is this a topping pattern? We still can see overbought conditions accompanied by negative technical divergences. Therefore, we continue to maintain our speculative short position (opened on July 18th at 2,162, S&P 500 index). Stop-loss level is at 2,210 and potential profit target is at 2,050 (S&P 500 index). You can trade S&P 500 index using futures contracts (S&P 500 futures contract – SP, E-mini S&P 500 futures contract – ES) or an ETF like the SPDR S&P 500 ETF – SPY. It is always important to set some exit price level in case some events cause the price to move in the unlikely direction. Having safety measures in place helps limit potential losses while letting the gains grow.

Thank you.

Paul Rejczak
Stock Trading Strategist

Stock Trading Alerts

SunshineProfits.com

 

 

 

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Disclaimer

 

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

What is Wrong With Gold?

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What is Wrong With Gold?

Kal Kotecha PhD

I am loving this correction!

I am relishing the fact that gold and gold stocks are ‘correcting’ as profit taking takes hold and many private placements become free trading – resulting in price drops on some great stocks.

As an investor, you have to be screaming with joy that this is happening. Talking with many of my associates, they are crying the blues that this correction is happening. I just reminded them that they were also crying when they missed out on buying these stocks at their lows last summer. Even though we won’t reach those hideous levels again for a very long time, these mini corrections are great for accumulating and adding to one’s portfolio – if of course you believe that gold is a good investment and that it is being manipulated. Why else would you be reading this article unless you believed in the long term ascension of gold?

Technical support and resistance for gold is around $1250US per ounce, about a $50 drop but it may not reach that level. No one can always buy at the low and sell at the high but if you are close to buying at intermittent lows and selling close to the highs, you will be a profitable investor.

The key is to recognize that we are in a long term secular bull market that will have its share of dips. Ken Little www.thebalance.com/buying-high-selling-low-3141301 sums it up this way: Buy low and sell high is the ultimate guide to successful stock investing. It is also the reverse of what many investors do. It’s not that investors start out to do that, but too often, they use price, and in particular price movement, as their only signal to buy or sell. Stocks that have gone up recently, especially those with a lot of press, often attract even more buyers. This obviously drives the price up even higher. People get excited about what they read and see and want a part of the action. They jump into a stock that is already trading at a premium – they buy high. Remember, if a stock has had a good run up it may be time to sell, not buy (sell high). Similarly, if a stock has dropped like a rock, it may be a good time to buy rather than sell (buy low). You won’t know what to do unless you understand a lot more about the company than its stock price.

Now this is not a new concept for any investor but it is easier said than done. Fear sets in when prices drop – it’s natural. Will the stock ever go up again? Why are people selling? Should I be buying?

Ask yourself, have the fundamentals of the companies changed? If you liked them a couple of weeks ago, you should love them now!

Happy Investing!

Kal Kotecha PhD

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Trump & Gold: Positive Correlation? – Gartman, Lanci Chime In

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Trump & Gold: Positive Correlation? – Gartman, Lanci Chime In

(Kitco News) – GOP presidential nominee Donald Trump and gold seem to have a lot more in common than we think, especially when looking at polling results.

And, now that his popularity seems to be waning, could prices move lower?

Earlier in the year, the real-estate mogul was leading in the polls for Republican primaries, becoming a true contender in this presidential election. At the same time, gold had its best two quarters in years, rallying nearly 30% since January.

Kitco News looked at this seeming pattern back in May, comparing the data and found that there is somewhat of a positive correlation between the billionaire’s latest poll results and the price of gold this year.

Now that the likelihood of a Trump presidency has dropped, gold prices have also moved lower, falling to two-month lows this week.

Could there be a correlation or is this just mere coincidence?

According to some analysts, it probably is just a fluke.

“It has to be a coincidence, because the market is wise enough to know that Mr. Trump has no chance of becoming the next president and thus cannot and will not affect monetary and/or economic policy here in the U.S. or abroad,” popular newsletter publisher Dennis Gartman told Kitco News Tuesday.

Echobay Partners’ managing partner Vince Lanci echoed Gartman’s comments in that despite the pattern, gold is really being driven by other, “non-election” factors right now.

“I feel gold is more and more a reflection of the slow reality that it doesn’t matter who is president except at the margin. Gold is reacting to the world of NIRP [negative interest-rate policy],” the longtime trader explained.

To Lanci, the best way to explain the parallel between Trump and gold is: investors view that a Trump presidency would bring about uncertainty, which would bode well for the yellow metal.

Regardless, he said it would be a “long shot” for Trump to actually get elected.  Instead, Lanci said he is ignoring the noise surrounding this year’s elections, especially the polling data.

“His odds have dropped on this chart but polling is very unreliable in this election cycle….the election is increasingly digital, based on the last news story on Clinton Foundation or how Donald put his foot in his mouth today.”

Where do gold prices go from here?

“In dollar terms, perhaps quietly higher, with the operative word here being ‘quietly,’” said Gartman.

“In EUR terms, however, I am quite bullish for the European monetary authorities have no choice but to err expansionarily while the monetary authorities here in the States are soon going to err constrictively… leading to higher gold/EUR prices but merely steady gold/dollar prices.”

Lanci said if Democratic nominee Hillary Clinton were to become the next president, stocks would likely rally and gold prices would fall.

“[B]ut that would be a dip to buy as it would be hot money hedgers getting out,” he added.

By Sarah Benali of Kitco News; sbenali@kitco.com

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

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