STEEMIT Gold / Silver Report: " Hold On, Gold Is Not Done Falling " - Phil Streible/RJO Futures - VIDEO / 4 Mins.

in #money6 years ago


Moving into the new economy, we will build this together friends.

Precious Metals are being backed as Blockchain assets every week, we can have it all.

Let's chase Liberty and rid ourselves of the Banksters messing with everyone on the planet.

-- The gold-silver ratio currently stands at 80, much higher than the historical average of 60 of recent years.

-- I share all kinds of resources in a way so we can all learn, research, teach and share news with each other.


Reminder that the Government of Canadastan sold off all reserves of our gold not long ago, in early March of 2016.

Our money, like most, is literally backed by NOTHING and that is addressed in part in the COMER.org lawsuit against the government, to return the monetary policy to the hands of the PEOPLE.

COMER is the Canadian version of END THE FED in the USSA.

https://globalnews.ca/news/2557900/canada-sells-off-remaining-gold-reserves-has-just-77-ounces-left/?sf21979544=1

--

#Gold
#Silver
#Liberty
#Freedom


Resource Today:

--


Today Kitco said on this:

The U.S. Federal Reserve is likely to raise rates at their next meeting in June, adding more downward pressure on gold, this according to Phil Streible, senior market analyst at RJO Futures.

“In June, [the Fed] should raise rates again. That’ll probably be another catalyst to put the pressure on. I think for longer-term traders, if you look at the ADX, which measure the strength of the downward trend, it’s at 40, which is a considerably strong downward trending market,” Streible told Kitco News.

The strategist noted that the Fed’s hawkish stance would likely be justified by a healthy U.S. economy, as evidenced by low unemployment numbers.

“We’ve got the unemployment rate at 3.9%, that’s the lowest level we’ve seen in 18 years. That’s going to considerably weigh in on the Fed’s decision on the next go-around,” he said.

Despite this week’s bounce up in gold prices following the FOMC’s decision to keep rates unchanged on Wednesday, Streible said that gold will have a hard time sustaining upward momentum, citing a strong dollar as the main headwind.

“The dollar index has been really weighing on gold, and the dollar broke out from a small consolidation range, and it looks like we can target some of those previous highs of 95 on the dollar,” he said. “The last time it was at that level was last November and gold prices were down at $1,275, so if the dollar continues to rally, I think that’s what’s going to weigh in on gold.”

.....A close below $1,300 an ounce would be concerning,

-- Streible added.

__



Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:

Facebook - https://www.facebook.com/KitcoNews/?r...
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490...
StockTwits - https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today...

Live silver price and charts: http://www.kitco.com/silver-price-tod...For more breaking news, visit

http://www.kitco.com/



Thanks for reading, have a nice day.


HODL Img. sourced from the LEGENDARY thread where the term HODL was first..... coined - LOL. - BitcoinTalk.org

https://bitcointalk.org/index.php?topic=375643.0

If you are new to Crypto or do not know the story -- Please open that link in a new tab, take a couple mins. and read the funny thread/story, you need to know your Crypto history folks!

(:



If you liked this blog post - please Resteem it and share good content with others!

--

Some of my recent blogs:

--

https://steemit.com/bitcoin/@barrydutton/bitcoin-is-bigger-than-by-the-numbers-or-15-or-bitcoin-corrections-down-to-usd147b-market-cap-after-dips-or-btc-is-bigger-than

https://steemit.com/politics/@barrydutton/how-i-feel-about-the-property-taxes-in-my-city-well-about-half-of-how-i-feel

https://steemit.com/bitcoin/@barrydutton/live-now-trading-bitcoin-from-a-moscow-bar-at-2am-what-can-go-wrong-or-crypto-101-video-60-mins-tone-vays-former-wall-st-trader

https://steemit.com/gold/@barrydutton/p5n5u-bitcoin-vs-gold-max-keiser-debates-peter-schiff-it-gets-heated-great-watch-to-learn-about-gold-crypto-bitcoin

https://steemit.com/curation/@barrydutton/hey-steemit-family-what-was-your-1st-blog-post-you-authored-on-here-and-why-or-e-47-or-post-it-or-community-engagement-series

https://steemit.com/bitcoin/@barrydutton/cryptocurrency-on-hodl-what-are-you-hodl-g-or-sodl-g-today-28-or-origin-of-hodl-always-included-for-newer-crypto-folks

Stock Images in most cases unless noted: via Giphy.com , Funny or Die.com / Pixabay.
Sources usually on image or credited if I cannot find it on an image, but sometimes I forget, sorry if this bothers anyone.

If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

--

LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL

Buy / Trade Crypto if you do not have an account set up to do so with Canada's largest exchange: This is my personal referral link. https://www.quadrigacx.com/?ref=3f43t58ghbs1hldzi9xystdb

Sign up to Binance Exchange with my link here: https://www.binance.com/?ref=11512223



Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.

Sort:  

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 71539.00
ETH 3603.23
USDT 1.00
SBD 4.75