Doc, how do you think silver will perform over the next few months with gold hanging up in the current range? Also, with the potential of the Dow going significantly down soon, do you think volatility will begin to spike significantly higher?

Even Moody’s is trying to warn the investing public, who runs Moody’s, think about it. Interest rates have been going up, and the government has been purchasing securities in the open market. The raising of money rates should not stimulate the stock market. Gold has not been flowing to the US. European exchanges are weak. President Trump likes to assure people the economy is sound, that gives rise to inflation. Business activity is okay but the debt of the government and the citizens is terrible and increasing. Broker loans are too high. Unemployment looks okay but this is a false economy. Use common sense to decide. DT

Right now each individual member state of the EU is responsible for its own country’s debts, and many of the weaker economy countries have taken advantage of the strength the Euro currency denomination to get ridiculously low interest loans compared to historical interest rates pre-EU. They have managed to get away with this as the EU has poured in economic development money. The EU has paid for a lot of infrastructure build up. Thus over the past 30 plus years we have seen roads in Spain, Greece and Portugal and southern Italy go from pothole dirt-tracks to modern multi-lane highways. Similar railway and bridge improvements etc. has poured money into lesser productive countries at a rate far greater than would have normally happened. I remember pulling into a dock in St. Martin (on the French side) in the Caribbean to see a sign saying “This new port extension paid for by an X million Euro grant from the EU. The French farming industry has been allowed to remain relatively inefficient by virtue of massive farm subsidies from the EU. So I understand why many members want to see the EU not break up, despite the clear waste, mis-spending and corruption, most of all in the bureaucrats who have given themselves high salaries and ludicrously large lifetime pensions. But the EU debt is a millstone around the neck of the future of all the EU.
It cannot last indefinitely and therefore it will not.

Draghi has for years been juggling with the debt build up in member countries, but there are now simply too many balls in the air. No wonder Draghi is leaving. Will it be Greece or Italy that will default first, or Deutsche Bank, because of cross country derivatives on interest rates? I don’t know….there are certainly many possibilities that could lead to a collapse, which could in turn bring down the world monetary system.

Completely off topic (but I hope the Doc see this)

https://realfarmacy.com/top-cancer-researchers-harvard-epa-agree-fluoride-causes-tumors-lowers-iq/
The addition of fluoride to water, is shown by Harvard studies to reduced IQ in children.

There is also some indication it may be contribute to brain cancer and other cancers.

Off Topic:

WASHINGTON (AP) — The Trump administration issued a fresh warning Tuesday about malicious North Korean cyber activity, as that nation’s leader dispatched a top adviser to New York to prepare for a possible summit on its nuclear arsenal.

The technical alert from the FBI and the Department of Homeland Security highlighted two pieces of malware said to have been used to target U.S. infrastructure and aerospace, financial and media companies for at least nine years to steal information and remotely manipulate networks.
The alert described two pieces of malware: a remote access tool known as Joanap and a server message block worm commonly known as Brambul. The malware is reportedly being used as part of the North Korean government’s cyber activities, called “Hidden Cobra.”
“FBI has high confidence that Hidden Cobra actors are using IP (internet protocol) addresses to maintain a presence on victims’ networks and enable network exploitation,” the alert said.
“Hidden Cobra actors have likely been using both Joanap and Brambul malware since at least 2009 to target multiple victims globally and in the United States, including the media, aerospace, financial and critical infrastructure sectors.”
The U.S. government has identified more than 85 compromised networks. The addresses are being distributed along with suggested remediation actions. Officials urged private-sector firms to immediately report any activity associated with the malware to the Department of Homeland Security National Cybersecurity and Communications Integration Center or the FBI Cyber Watch.
Late last year, the U.S. said it had determined that North Korea was behind the WannaCry ransomware attack that infected hundreds of thousands of computers worldwide and crippled parts of Britain’s National Health Service.

USAWatchdog

https://www.youtube.com/watch?v=5EyyawT6_N8

Many commentators are talking about a stockmarket correction with a major collapse in the bond market.

I don’t believe the US can afford to pay higher interest rates…..So I don’t believe interest rates will rise. As long as central banks collude and print money in turn or together, there does not appear to be a mechanism by which a currency can drop.
As long as they central banks collude can they not print money indefinitely?

Obviously they will drop interest rates to contain cost of interest.
Greg Mannarino says bonds will suddenly sell off….but what is to stop banks or treasuries from creating money and buying everything up?
as long as there is collusion, and thus no significant relative currency rate change, what mechanism is there that will stop money creation?

Bix Weir is claiming that Deusche Bank will be downgraded within two days and that its derivative book will collapse the bank and then the Euro banking system soon after.

https://www.youtube.com/watch?v=VmHzDpcnh14

Bix is suggesting cryptocurrencies will be the salvation.

My contacts in the London Banking scene appear to be more worried about stock market collapses in Europe than a banking collapse.

https://mcalvanyweeklycommentary.com/wp-content/uploads/ica2018-0530.mp3

Trump and Trademark Issue ….in China…….
Self enrichment?
https://qz.com/929553/here-are-all-the-trump-trademarks-the-us-president-owns-in-china-and-some-that-he-doesnt/

On May 4, 2018 at 6:29 am,
GH says:
I didn’t expect the US dollar to break above the upper tine of the pitchfork and the 233 day moving averages, but it’s looking strong right at the moment. If the breakout sticks, 94.5-95 seems a likely target, based on both this and weekly charts:

http://schrts.co/E7tDht

long ADAP

long NTLA

This is a re-post but I was looking at the NVDA chart from 2011 to present. After an initial spike up in 2011, it based out for close to 2 years before beginning to make higher highs. It didn’t take out it’s 2011 peak for a few years after bottoming though. Of course, it went from a consolidation low of about $11 in 2011 to $260 this year.

I noted that EXK has a remarkably similar daily and weekly chart to NVDA from 2011-2012. Is it possible EXK will move in a similar slow and steady fashion for years yet before a late stage explosion upwards? I really don’t care at this point. All I want to see is higher highs and higher lows on the weekly chart. Holding the 50 dma (or thereabouts–dropping below the 50 dma for a week isn’t a big deal but it needs to recover quickly above that MA) from here on out (just like NVDA more or less did for the entire post consolidation run) will be a good sign.

The Canadian dollar is up big today…

http://schrts.co/izv8qn

Trump just loosened up the right to try rules on experimental drugs.