Recapping Jerome Powell’s Congress Testimony And Related Market Moves
Chris Temple and I share our thoughts on the recent Jerome Powell testimony in front of Congress. The only real standout in his statement was that there could be 4 rate hikes this year. We address the correlated moves in US equity markets, bonds, the US Dollar and precious metals.
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You are not gonna be a popular guy around here spanky. lol
I’m flat, and if I had Spanky’s confidence I’d go short. I still may. That would be great. So it’s not that I object to Spanky’s bearish position.
What I object to in Spanky’s are the half-cooked analyses presented with such certainty, all the while he is holding the opposite positions. such
+1 GH.
Bearishness is fine. I mentioned on yesterday’s blogs that I took out a JDST position as a hedge against my weighting in mining stocks. However, it is this incessant posting from spanky about how he is so sure the mining stocks will take years to base, or are set up for a waterfall decline, or are the ultimate short that are so at odds with his claims that he is holding on to his Silver miners due to the capital gains he has in them (WTF??).
If spanky had any conviction in anything he posts, he’d sell all his silver stocks, short the miners, and go long Amazon to infinity and beyond.
But alas….. spanky is all bark – no bite. Nothing he posts is congruent with the action he takes, so how valuable are the insights if he doesn’t really believe them?
Tragic comedy.
latest david morgan:
https://www.youtube.com/watch?v=trz9h5PrtVs
Silver doc has morgan saying 10k gold and $500 silver.
Keiser was saying that awhile back, try try again I guess.
For anyone interested in silver, sd bullion is selling a little silver with no premium, spot price only.
Yaaa, theres a shortage alright, $500 right around the corner.
David has been wrong for 5 yrs………
More Morgan for the fan club here…. 
How Close is the Price of Silver Linked to Gold? David Morgan
Cambridge House – Feb 26, 2018 #VIDEO
John Rubino:
Now We Know How Far Stocks Have To Fall For The Fed To Act
FEBRUARY 27, 2018 0 COMMENTS
10%. That’s what February’s flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed’s incoming chairman, is saying that he’s fine with inflation exceeding the target rate of 2%. Put another way, he’s promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affect generating lots of debt-driven consumer spending.
GCC 89 and 144 WMAs trying to positively cross. I don’t think it is going to happen. I think a sharp leg lower is going to begin imminently. Maybe it will be a fakeout lower, but it is going to play out over the next 6 months or so. Anyone expecting commodities to explode here is delusional. Implode is far more likely, at least in the short run. This should correspond to a rising dollar and a booming stock market.
Ahhh Spanky, does it always have to be about explosion and implosion?
Yes, for him every post must be sensationalized……. If only that is how the analysis was.
Russia,China,Venezuela,Iran dropping the dollar
Countries ready to buy/sell oil in yuan, a trillion debt increase in the states in the last 6 months….and the dollar goes up.
Wouldnt that indicate how much power the zionists have? or illuminate,or masons or vatican or aliens or whoever it is.
Definitely powerful tho.
Notwithstanding a dollar index rise this morning, the US debt and continual (and increasing) deficit spells doom for the dollar.
The Fed and Congress indicate no willingness to either stop printing or reduce spending.
The US dollar is mortally wounded.
Latest Nomi Prins:
https://dailyreckoning.com/secret-force-behind-todays-rigged-markets/
All of the ultrapatient soon to be bagholders who bought GDX at the low in December 2016 around 18.50 need to be cleared out before the banksters will let the miners rise again. No way they let them off the hook. It’s just too tasty to pass up.
The FEDsters are ruining the world
A lot of talk of Golden Crosses…
https://twitter.com/Ralph_Acampora?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
But I think they are going to be crucified…
GDX H&S projects to $16-17. It’s a done deal.