Earnings Seasons Update and Bank Of Japan Bond Comments
We are in the middle of earnings seasons right now and so far the numbers have been quite good. This is definitely supporting the markets but the importance is looking ahead to what companies are saying about the rest of the year.
Chris Temple joins me to discuss some of the finer points being made as well as what Whirlpool’s earnings had to say about tariffs. We also discuss the recent announcement out of the Bank of Japan regarding the 10 year JGB which is also having an impact on the US treasury market.
Click download link to listen on this device: Download Show
Click here to visit Chris’s site for more market commentary.
Sorry, I strongly STRONGLY disagree that the CBs are stopping their collusive practices? Why on earth would they give up total control of markets? For the good of their native populaces? Hahahahahahahhahahaha.
Hey, you got something right.
Like I pointed out the other day:
On July 22, 2018 at 9:31 pm,
Matthew says:
Bob, the Clive Maund article I just found on your site ends with a paragraph for people just like Al and CFS.
https://www.clivemaund.com/article.php?id=4719
Time will tell who is correct.
CFS:
A good way to start is for people to stop lying to themselves and to others.
“Israel should aim to bring about the fragmentation of the Arab world into a mosaic of ethnic and confessional groupings. Every kind of inter-Arab confrontation, would prove to be advantageous to Israel in the short term.”
Oded Yinon February 1982
There’s a big difference between the elite’s system reaching its end and the elite’s power reaching its end.
The planners/puppet masters are not stupid and have been blind-sided by nothing. From a practical standpoint, things can get significantly better or worse for the average guy without having a material impact on the elite’s grip. Their recipe is, two or three steps forwards followed by one little, mostly illusory, step back. The noose gets relentlessly tighter while the sheeple buy into all kinds of fantasies to the contrary. It’s ridiculous but interesting to see what otherwise smart people will fall for — on the left AND right.
GOOG and AMZN represent the pinnacle of the new fascist business model in America–destroying innovation and killing entrepreneurship one inventor at a time. Their continued ascent to infinity is completely, 100% rational given the circumstances global investors are faced. They now have a critical mass of capital, talent and political clout the likes of which the world has never seen.
Buy the dips.
Looks like thats been correct since 2009 spanky.
AXU breaking down today. I suppose the 200 WMA at 1.09 is the next stop.
Wow, didn’t realize that $CDNX made a new multiyear low.
It is extremely oversold on the weekly chart, so I expect some sort of deadcat bounce over the next month or two. But make no mistake, after this kind of chart damage, there is going to be folllow through to the downside. I think it could get pretty close to its 2016 bottom by early next year.
$CDNX made a new 1.5 year low and is still 50% higher than its 2016 low.
Well, that 50% cushion is going to be a lot smaller, if not erased entirely, within 6 months.
$CDNX is another one I was warning about last year after that huge pump n’ dump, while you poo-poohed my concern, just like now. I would expect some sort of sideways “bounce”/consolidation in the near term, but then its bombs away.
If SLV doesn’t rally into the end of week, it could be 5 weekly closes below the lower weekly bollinger band. That is pretty crazy. Odds ore it will produce some sort of strength next week to at least move it inside the BB. Like everything else commodity and metals related though, I expect it to produce a dead cat bounce and then roll over hard into year end.
International Frontier(IFRTF): anyone look into the 52% drop in share price yesterday on less than 1% of shares traded. They put out news of some drill success. Small volume makes me think sell the news and steal some shares. 30% turn around on 5 or 6 times vol in part of a day.
Save for a dead cat bounce in the next month or two, I don’t think the metals will be doing anything except going down until the 300 WMAs cross below the flattening 200 WMAs. For gold and silver, and the miners, that cross looks like it will happen around July of 2019. I would say start buying early in 2019 after the complex has been completely trashed.
That is the last I will say before signing out for the next 12 months. Probably a year ago I said wake me when silver closes over $18. I should obviously still be asleep and should have never woken up, but I let the hootin’ n’ hollerin’ get the better of me. I will be lurking until then.
I do think the metals and miners are basing for an eventual rise, but I think things get much much worse over the next 6 months before they turn around. Over and out and GL to everyone.,
What if you are wrong? What if someone acts on your beliefs about the future? Any remorse?
We won’t know that answer for another 12 months if spanky keeps his word and doesn’t post for the next 12 months ……but it will be a pleasurable 12 months
🙂
lol
Saying PMs are headed lower really isnt very popular here is it.
It’ll go up, it’s just a matter of time.
Lets not forget the economists prediction of a new currency, could be digits, could be digits backed by gold, who knows?
SPECIAL REPORT: Public Bailouts Begin-And This Is Just The Beginning. By Gregory Mannarino
The Russia Hoax: The Illicit Scheme to Clear Hillary Clinton and Frame Donald Trump Hardcover – July 24, 2018
https://www.amazon.com/Russia-Hoax-Illicit-Hillary-Clinton/dp/0062872745?
When/if the general public realizes the coordination between central banks is coming to an end after more than five years, we may have a change in perceptions.
A significant part of every market is perception of the future.