When To Ride vs Fight The Trend – US Markets, Oil, PMs
Fund Manager Dana Lyons joins me today to look at a wide range of markets that are moving up. We look at the US equity markets continued moves higher and the breakout in oil. The precious metals are also discussed which only happens when Dana thinks a move could be coming.
Click here to visit Dana’s free blog and check out his recent posting on the precious metals.
Click download link to listen on this device: Download Show
I believe, based on volume analysis, gold stalls at $1391.
I am not a chartist, so what do I know.
Above the prior 2016 peak of $1377 the next peak is at $1392 so that area may see some resistance and congestion.
I guess it is confirmed….
Liberalism is a religion.
It has to be if the Mayor of Oakland is to be believed.
http://sanfrancisco.cbslocal.com/2018/01/17/oakland-bans-cooperation-federal-immigration-agents-braces-for-ice-raids/
And even then she has a problem with the US constitution.
Is she related to Pelosi.?……looks and acts just like Pelosi…..
With over 70% of crimes perpetrated by mexicans in the US due to illegals, how stupid can one get?
If you allow for population numbers, that makes an illegal Mexican about 25 times more likely to commit a crime than a legal Mexican….
And yet:
https://ntknetwork.com/california-ag-employers-who-cooperate-with-federal-immigration-raids-will-be-prosecuted/
Sweden Is Preparing For A “Civil War”
“All of society needs to be prepared for conflict, not just the military. We haven’t been using words such as total defense or high alert for 25-30 years or more. So the knowledge among citizens is very low.”
Off Topic:
Blood Test To Detect 8 Cancers Early Gives Promising Results
By MARILYNN MARCHIONE – Associated Press – 26 minutes ago
Scientists are reporting progress on a blood test to detect many types of cancer at an early stage, including some of the most deadly ones that lack screening tools now.
Many groups are working on liquid biopsy tests, which look for DNA and other things that tumors shed into blood, to try to find cancer before it spreads, when chances of cure are best.
In a study Thursday in the journal Science, Johns Hopkins University scientists looked to see how well their experimental test detected cancer in people already known to have the disease. The blood tests found about 70 percent of eight common types of cancer in the 1,005 patients. The rates varied depending on the type — lower for breast tumors but high for ovarian, liver and pancreatic ones.
In many cases, the test narrowed the possible origin of the cancer to one or two places, such as colon or lung, important for limiting how much follow-up testing a patient might need. It gave only seven false alarms when tried on 812 others without cancer.
Part II of Sarah Westall with Clif High:
Like the gold/silver miners in general, GOEX is now short term bearish. It is at a fork support now and has other supports not far below…
http://stockcharts.com/h-sc/ui?s=GOEX&p=D&yr=0&mn=11&dy=0&id=p10428213720&a=571304412
Do you think a short term JDST position could be in order for a tradeable short?
Yes, but I’d be ready to get out soon. It also makes sense as a hedge if you are very long the sector and nervous.
I won’t be betting against the space here but I did eliminate all but a tiny bit of my margin debt yesterday. Otherwise I’m still all-in.
Based on the weekly chart, the miners hardly look poised for a big drop:
http://stockcharts.com/h-sc/ui?s=GOEX&p=W&yr=2&mn=7&dy=0&id=p38399534088&a=571325988
I have no margin debt or any other debt, and sleep soundly.
Thanks Matthew. Good perspective, and yes I just wanted to hedge my overweight PM mining positions a bit if there was going to be a small corrective move.
I have a bit of margin positions in the miners but I’ve eased that up into this rally but am also as fully exposed to the PMs as I want to be and have been adding in other sectors for 2018.
I need 5% more profit on West Texas to make bank.
The dollar lost one point today. The weekly chart suggests further downside sooner rather than later and a lower close tomorrow (for the week) will help that outcome and the metals.
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=3&mn=9&dy=0&id=p38680571488&a=456880405
Ron Paul interviews Celente:
Red Cross not quite as bad as the Clintons, but almost:
https://www.youtube.com/watch?v=TaPWeRmc7SQ
Then there’s Obama:
A Bombshell House Intelligence report exposing extensive FISA abuse could lead to the removal of senior government officials
A Bombshell House Intelligence report exposing extensive FISA abuse could lead to the removal of senior government officials – A review of a classified document outlining what is described as extensive Foreign Intelligence Surveillance Act abuse was made available to all House members Thursday and the revelations could lead to the removal of senior officials in the FBI and Department of Justice, several sources with knowledge of the document stated. These sources say the report is “explosive,” stating they would not be surprised if it leads to the end of Robert Mueller’s Special Counsel investigation into President Trump and his associates.
Immigration:
Oil is going to need a correction to 59 or 60 now. Not a time to hold oil stocks for the very short term. They bounce up quickly after a short correction. The best trading area has been weed stocks lately especially this month.
Hannity: Mueller and his witch hunters need to be disbanded
Classified documents obtained by members of Congress reportedly show extensive FISA abuses.
https://video.foxnews.com/v/5714769340001/?playlist_id=930909813001#sp=show-clips
Mueller, Comey, Hillary and Bill, and Lynch and Obama should all go to jail for spying on Trump and trying to stage a coup. This is 100 times worse than anything Nixon did.
Yep……..being saying it for a long time……..About time the dots are connected..
“Explosive”, “Shocking” And “Alarming” FISA Memo Set To Rock DC, “End Mueller Investigation”
All hell is breaking loose in Washington D.C. tonight after a four-page memo detailing extensive FISA court abuse was made available to the entire House of Representatives Thursday. The contents of the memo are so explosive, says Journalist Sara Carter, that it could lead to the removal of senior officials in the FBI and the Department of Justice and the end of Robert Mueller’s special counsel investigation.
Not so shocking to those paying attention………
UsaWatchdog weekly news wrap
California HOMELESS………this is tragic………
https://www.youtube.com/watch?v=zvCGtxeknSg
Interesting Crypto News
https://grandaspect.com/news/russian-investors-buys-2-power-plants-for-mining-