gold, page-830

...PM's & assoc. mining stocks have had best starting Q1 for many years. Those willing to buy when everyone else was selling have been already well rewarded in 2016. It's a Market, so pullback & profit taking are normal in PM's & Stocks ought make sense, particularly when considering the record short positions by commercial traders. Nothing goes straight up anyway... But gold & silver refuse to give back any significant amount of their recent gains.

...Early February, gold fell from $1,250 to $1,200, this 4% decline lasted less than a week, then climbed to a new high of $1,272 on March 10th...

...Second mini-pullback brought gold down from $1,272 to around $1,215. This 4.4% decline lasted roughly 3 weeks, but gold once again bounced back above $1,250 on April 11th...

...Recently, a 3-day pullback to $1,227 was followed by another spike above $1,250, then a pullback to a higher low of $1,232 on Friday 22nd...

...Today, gold is again pushing higher and looks poised to reclaim $1,260 + ...

...IMO there seems to be no major momentum to the downside, as per the past several years. Perhaps most of the weak hands have been shaken out & primarily strong hands remain?? Where are the Sellers?
...Central banks aren’t selling, they continue to accumulate gold at a record pace (especially in the East). ...Investors not selling, investment demand has increased sharply (especially for silver). Hedge funds seem also to be piling into PM's, chasing value? & with the spotlight on manipulation PM's, lawsuits springing up, rumors that Douche Bank will be ratting on their co-cospirators as part of their settlement, just maybe, price discovery is returning to free markets?...

...If (when) price manipulation via Comex resumes, it will be interesting to see how much prices diverge versus the new SGE fix, perhaps the arbitrage opportunities may wreak havoc, Comex may have to resort to cash-only settlements or finally default...

...IMO, quality mining stock increases leverage & potential returns. Many mining stocks are up 100% to 200% since mid last year & quite significantly in 2016 alone & far from over yet. Of course, very important to do your homework, pick only best-in-breed mining (prospecting) companies with management one can trust.... Happy hunting...