US markets and treasuries looking out to the end of the year
Don’t be so sure that we will continue to see the US markets and treasuries move against each other by the end of the year. There are signs that by year end we could see the markets and treasuries move down together and investors change their tune on this relationship.
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Doc’s ‘grinding bear’ is the most cruel type. It keeps people in much longer, waiting for the big rebound. Small rebounds will happen and keep many from selling. Over time………..you are losing, despite all the hype from the politicians. And anyone who thinks Washington politicians can help in any way will get their heads handed to them. Get out while you can without heavy loses. Time is not on the bulls side! JMO
Washington is the problem, and has been for 200 yrs………
MTF……put out a great article on the CFTC…..and it’s inability to do anything, because of lack of funding………same old crap from DC Swamp creatures…..
silver smashers.net……..why silver is not going anywhere
thanks for the info DOC……
A good chart today posted by FranSix:
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@F6 – “Re Gold Weekly”
“It’s a little early for a weekly chart update, but the 13-week EMA is ready for a multiple crossover. You would have to wait for the weekly close. I would suppose that the ADX line has to deteriorate to touch the bottom before we see a chase to the upside. The horizontal blue line marks where that might be.
By comparing the 2008 correction and the present day, this will give you some idea. Very probably a low volatility reading in $GVZ means a change in the gold derivatives matrix.”
thanks to both ….ex and fran6
Mining Shares Once Again Trading At Attractive Valuations
by Ceo Technician
http://energyandgold.com/2017/03/28/mining-shares-once-again-trading-at-attractive-valuations/
Making the grade: understanding exploration results
Resource World | 4 days ago
“The most exciting news from a mining exploration stock is a high-grade drilling result. But what constitutes a good assay? It varies from situation to situation and commodity to commodity. Listed below is some rule of thumb information on interpreting drill results for investors…..”
http://www.mining.com/web/making-the-grade-understanding-exploration-results/
Gold sold-off after piercing the 50 week MA today and has significant resistance in the 1265-1272 area this week.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=0&dy=0&id=p02807504547&a=514387730
Hi Mathew:
Right around 1300 is the downtrend on the fran6 chart Shad posted.Once through 1265-1272,1300 should prove interesting.
Once the 1300 level is pierced and closed on,this should attract some technical buying.
I’m still on the fence as to how the miners will perform as apposed to bullion.
Doc and Cory see things starting to happen later in the year.How about you?
Hi John, I still think that the miners will do well much sooner than Q3 or Q4 but the very short term (5 days or so) is unclear to me.
The bulls have the edge.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=6&dy=13&id=p37018603474&a=514473783
Thanks for the comeback Mathew.
With the metals continuing higher, I do expect some of the miners to get on their bikes and ride for a short jaunt.
Silver looks great when compared to gold and that bodes well for the miners.
SLV:GLD
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=1&dy=7&id=p39609919140&a=510416953
https://youtu.be/5yjPE5_lksE?t=32
Epstein end of day TA
Will silver break out this week? I think so…
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=6&mn=5&dy=0&id=p65276013511&a=514271873
I will say this, if GCC can just stay flat for the rest of this week, and then not completely fall apart the first week of April, I think the miners have chance of a solid rally.
I don’t think you will see miners break out unless GCC can make a sustained move upwards. If you look at the GCC monthly chart, it is pretty clear it has been in a fairly tight range for about a year now and the monthly bollinger bands are narrowing in. The rocket move in the miners will come when GCC makes a move on the monthly chart upwards. that could still take months to play out possibly, and there could very well be a headfake lower to tag the lower monthly bollinger before it begins another upward move.
I think the silver miners’ fate in the near term is more closely tied with $sugar than $silver. $sugar looks like it wants to tag the rising 100 WMA (which just positively crossed the 200). $sugar is also right on the 200 week EMA currently and the 50, 100 and 200 week emas are positively aligned, so it’s possible sugar finds its footing here.
Stewart Thomson gets it: “Because of the fabulous technical, cyclical, and fundamentals in the precious metals sector, investors can expect solid gains over the next 36 months, with most stocks and bullion likely to move to all-time highs. Quite simply, from both a real risk and potential reward perspective, it’s the greatest time in history to own the entire precious metals sector!”
http://www.321gold.com/editorials/thomson_s/thomson_s_032817.html
Epstein metals TA:
https://youtu.be/BhDbO7g7DJ8?t=31