Doc and Chris keep things in perspective
Today, Chris and Doc pick up with yesterday’s thoughts. Yes, the broad stock market is likely to stay bogged down, if not move lower, for some time to come. As Chris reminds you, the Fed has pretty much told you that is what THEY want; more reasonable valuations, less froth, etc. Sure, in the end they may not pull off this “soft landing” any more successfully than in times past. But the point here is that a long-overdue correction and even a cyclical bear market won’t necessarily mean the end of the world. And Doc and Chris end with areas they like–and see as investable–no matter what the broad market does.
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Mooney R=WV…..better be careful, rothschild will put the hammer on him……
Hi Jerry….At least sombody, fineally has the balls to ask these questions, but he should not hold his breath waiting for an HONEST answer.
I expect they will say something like, we can not answer those questions , because of national security.
Hi Tony, ……..just got back and saw your note.
Well, I guess we can be thankful…..some American’s are waking up……..
“This Act establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government by theMonetary Power will be legalized. The peoplemay not know it immediately but the day of reckoning is only a few years removed. . . . The worst legislative crime of the ages is perpetrated by this bill.”
Congressman Charles Lindbergh Sr., December, 1913
“The financial system has been turned over to the Federal Reserve Board. . . . The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.”
~Lindbergh, 1923
“(The Fed) was deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. . . . What king ever robbed his subjects to such an extent as the Federal Reserve has robbed us?”
Congressman Louis McFadden, speech, June 10, 1932
Everyday, I find someone , who does not know who or what the Fed is….and these are so called educated men………..Just told a person today, at the coin shop I visit frequently…
He was not aware the Rothschild own 52% of the FED…….Just unbelievable …….
Maxine Waters…….has been in congress , for ever…..and she did not know what the fed did or does…….these congresspersons are IDIOTS.
Ron Paul, wasted his breath for 20 yrs…….and his son is doing the same……just unbelievable……
I should note, Lindbergh’s infant grandson was abducted, and McFadden seems likely to have been poisoned.
Just coincidences, surely.
I guess , that would be a tin foil conspiracy theory………… :)….. but, it is a real as Hilly and Billy suicide squad 108 and counting….
I did mention that they found Obama’s Real birth certificate……. 🙂
Obama’s real birth certificate? I missed that…
great comments……both you guys………thanks..
Every intermediate cycle in GLD in the last few years has ended with the 5 week RSI hitting oversold. We aren’t there yet. Down we go over the next few weeks. How low is anyone’s guess. The miners, well, they will take them where ever they please.
What’s up with not having the podcasts downloadable ? I love listening when I’m out and about.
Can’t help you there…I upload them as I was taught long ago. Past my technical competency until Cory shows me what I’m missing, I’m afraid
There is a gap in GLD around 121 on the weekly chart that I expect to get filled before this is over. While we could bounce off of the 50 and/or 100 WMA, it’s also possible that we ride those MAs for a few weeks before putting in a marginally lower low.
Looking at the 5 week RSI has me convinced we will see a large drop in the next few weeks though, likely all the way down to the $1280 level (the 100 WMA). I have absolutely no idea where they will take the miners or silver on such a plunge, but I would be prepared for a retest if not a marginal break below the February lows. The move in silver above $17 is looking like nothing but a sucker’s rally before a large drop. AXU could test its 144 WMA in the $1.20s and/or the 233 WMA at $1.12.
Spanky, I think you may be right, but at $1280 that has to be a major buying opportunity, well i’ll be buying anyway
Doc, you need to see “Gigi” with Maurice Chevalier. It won many Oscars including best picture. They don’t make’em like that anymore.
Ditto…..1960’s a great time……..
Dang, look at Maria Bartarollover and the rest of those msm b*tches…
Wow, they can’t argue but they sure can shout, I think my ears are bleeding
Lost balls in high weeds……Maria is lost…….or the mouth piece for Rupert….
Agreed Spanky. The silver pop above $17 definitely looks like a suckers rally. If gold drops to $1280, im thinking silver could fall as low as $15.50.
Life is good,
Lovely pop up in Troy Resources today on the ASX.
Think it will run harder too.
Cheers.
+1
(TRY.AX) (TRYRF) Troy Resources achieves record gold production for quarter
April 9, 2018
https://www.australianmining.com.au/news/troy-resources-achieves-record-gold-production-for-quarter/
I like real estate , so I am posting this for the future collapse……
Signs are in place, ….Here is just another one……..
https://www.zerohedge.com/news/2018-04-26/blain-millennials-arent-buying-cars-or-homes-because-they-are-indentured-slaves
Hovnanian……..
Big fraud case coming……Hovnanian …will tumble like every big real estate giant, in the past….. but, past predicts the future, same old same old……
On a bullish note, the Fibo MAs (from 21 to 233) on the weekly chart for $gold are perfectly aligned for the for the first time in years. Back in 2000 when this occurred the 34 WMA generally was very good support at ICLs unless gold had had a very large run up (in which case the 55 WMA was generally the support).
We more or less tagged the 34 WMA in March so there is a good chance we won’t close out the week below the 21 WMA until we are heading into the next ICL. The 21 WMA is currently 1322.80 and the 34 WMA is 1309.29. I am inclined to think that we won’t get below that 34 WMA in the next couple of weeks. I would be surprised if we close below the 21 WMA in the next couple of weeks. I think there is a good chance we finally break through1369 soon, which just so happens to correspond to the 377 WMA.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&b=5&g=0&id=p10351313709&a=590948910&listNum=1
I said the other day…….gold is fine……no problems, people better store some phyz while they can.
Hard to find large deposits………….Good News for prices…….
https://www.zerohedge.com/news/2018-04-25/simon-black-coming-boom-gold-prices
Problem is– that’s not happening. Mining companies aren’t finding anymore vast deposits.
Yes, gold looks great. Obviously, no guarantees, but it is really hard to see it drop below 1309 for anything more than a couple of days, and a close at or just below the 55WMA, which is at $1293 currently, just doesn’t look like it is in the cards until gold gets to much higher levels.
No more family cars…….no more american pie………
the company announced Thursday that it’s shuttering the last of its US sedan brands as it shifts its focus to international markets, trucks and SUVs. It is a drastic move, as the company will be phasing out sedan models that have a long history with the company, including models like the recently revamped Ford Taurus.
Middle class wipe out in the USA……….plus you can not afford a $45,000 car on min.wage., like duh
I bet BEZO’s workers can not even afford a new car….at $22,800 wages, 550,000 employees most likely drive used cars, and borrow them from mom and dad…..
No more free lunch……………go home……….
https://www.zerohedge.com/news/2018-04-26/hundreds-caravan-migrants-preparing-cross-us-weekend
Better yet……..send them all over to Jerry Brown’s house, have them eat on the lawn, and furnish them with a tent……rude, but, Jerry deserves it………. JMO
After crossing through Mexicali earlier this week, the migrants have been gathering in Tijuana since Tuesday. Most members of the group are from El Salvador, Guatemala or Honduras, and are fleeing their homes, they say, because of death threats from local gangs, or political persecution.
Good reason not to give up your guns…..Keep the 2nd. Amendment , or else you might be facing the same in a few years………….
IRAN……….should give gold a lift…………
https://www.zerohedge.com/news/2018-04-25/iranian-naval-commander-threatens-sink-us-ships-create-catastrophic-situation-if
Worth a read.
http://news.goldseek.com/GoldSeek/1524674940.php