What For The Fed To Get Even More Hawkish
Chris Temple kicks off this week for us with some comments on Amazon and tech stocks in general, continued trade wars with China, and the continued strength in the US Dollar. The most important theme is to understand how the ongoing narratives in the market point to a more hawkish Fed and rising USD.
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The real global warming story:
GDX:SPY is at a new all-time low:
http://schrts.co/UDB4Ug
Meanwhile, GDXJ:DIA has not even taken out its 2015 low:
http://schrts.co/SyC63c
Whether we price them in stocks or dollars, the miners are at a good place for a turn:
http://schrts.co/TKQtEg
TLT has been strong versus gold for most of the year, but not today — despite gold’s weakness:
http://schrts.co/RtV9KD
Dont think we got a “pop” in July, aug sure didnt see a bull begin, lets see about sept.
PM historicals sure havnt ment anything this year.
What the heck happened to USAS today Matthew? Big down day on high volume.
Charles, I’m not sure but it looks like there were a lot of stops near the 8/15 low. USAS is more a zinc producer than silver and neither chart has been helpful to the company.
http://www.kitconet.com/charts/metals/base/spot-zinc-1y-Large.gif
It’s an ugly way to start the week but a significant low is most likely close.
http://schrts.co/QA3Ay5
Thanks. I guess I shouldn’t be surprised. My portfolio of miners was bludgeoned today.
I somehow ended the day down 2.49% but started the day down more than three times that.
Maybe this contains the smoking gun; USAS is in there:
file:///C:/Jts/kfaaogfmmgcekbaplkmjimhmpjbhjbpkoncjikak/articles/VLEC$08b851f5.pdf
I couldn’t open this file.
It’s a silver mining industry report in Chinese.
Loonie loser:
http://schrts.co/7CVU2H
Former UK Ambassador to Syria.
Interview with Ambassador Ford Part 1: Idlib and False Flag chemical Attacks
https://youtu.be/A5bBWRB0FJs
“Trump wants out, but he is being resisted by what I call “the permanent government of america”.”
“Everything america has done in the middle east for the last 40 years is because of Israel”
I guess alot of people here already knew that.
You boys see this? Has anyone read this guy’s book?
https://www.lewrockwell.com/lrc-blog/the-everything-bubble-with-special-guest-graham-summers/
No, I have not read the book…………seems to me, everything that was mentioned, has been covered before, here at the KER……I think…….jmo
SLV:GLD inverted blowoff:
http://schrts.co/ZpQH2z
The ratio is now testing the 2016 low and is weekly oversold:
http://schrts.co/yXKRZJ
The ADX on that chart sure is stretched.
Silver is now testing its 2016 low and hasn’t been so oversold since 2014:
http://schrts.co/Ru5RJU
(The silver miners are bullishly nowhere near their 2016 lows. SILJ is still up well over 100% while IPT is up 160%.)
Yep silver stinks at the moment, no two ways about it.
Well just like we talked about last week……let the takeovers begin
After rejecting Lundin’s offer, Nevsun said in August it had entered into confidentiality agreements with 18 interested
Off Topic, but relevant for those that invest in futures:
As we approach the solar minimum….global warming story begins to crash.
https://youtu.be/r43zTGRckoM?t=105