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The rate cuts implemented by the BOC were justified since yields had declined in the bond market. That could mean that oil price declines have affected the rest of the investment community in Canada, and that an inverted yield curve has formed. Housing price declines should be next:
http://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/
Fran six,
Wait for the next cut in rates by the BOC but more importantly look for some type of defaults to start happening here in canada. BOC is ready to bail in once again and be ready to see some type of stimulus or package from them. This is deja vu all over again.
Bond-swapping with the central bank in Canada has gone on since Lehman.
Don’t know about housing price declines, at least in Vancouver.
For rates to decline precipitously when everyone is expecting a rise saya that there are problems in the financial sector in Canada. The oil sector decline might have something to do with it, but in this economy, all sectors will be dragged in, including housing, man!
In the first two segments yesterday I tried to tell all of YOU what was behind the drop in the price of gold and silver…………….IT WAS THE CARTEL’S DOING…………..THE CARTEL……………….THE CARTEL………..THE……..
Mark,
You did tell us that and it went noticed. I gotta also give it to J who made a very big mention of “Options expiry”.
Both of you great jobs. Now let’s see if these gains hold.
cheers
Check this out.
http://stockcharts.com/h-sc/ui?s=GDX&p=W&st=2008-09-18&en=2013-09-11&id=p63203460510&a=386904698
The senior golds as a group had a big weekly gap that took 4.5 years to get filled. Fortune favors the bold (assuming the bold have done their homework 😉 )
Impressive. Thanks for the info….
glen
Glen, click on it again; I’ve highlighted a smaller one that also took years to fill.
Got it 🙂
Here’s something else that’s interesting. It turns out that IAG’s recent multi year low was precisely the TOP of a six-year-old gap (so the little 2.2% gap remains open).
http://stockcharts.com/h-sc/ui?s=IAG&p=W&st=2008-09-18&en=2013-09-11&id=p92700440039&a=386914958
Matt,
Thanks..I guess it could always come back to get it years down the road.
Look at the symmetry and resemblance on both..This is one of my main reason I believe the bottom is in.
I meant 2008/2009 with 2014/2015 movement thus far. A picture tells all.
We interviewed Michael Belkin for the upcoming weekend show and he is very bullish on gold and very bearish on banks!
I like him and I feel the same way.
Gold prices probably to correct end of February, sometime in March, but the low has set in like concrete:
Are we looking at the same chart Fran? That one you posted is screaming that the bear is in full force and yet to resolve itself further to the downside. It is on a longer term chart like yours that reaffirms my convictions gold has not seen its bottom yet. Look at the pattern of lower lows and lower highs and tell me again that the low is already set in concrete! I think you maybe are suffering confirmation bias.
SO AGAIN, this is options expiration day so after the comex close at 1:30 EST……THE PRICE WILL RISE MORE !!!!!!
thanks for the input……………btw….Fitts agrees with you on the cartel………
THANKS…………..and you are all welcome…………………NOW LET’S STAY TUNED !!!!
Can we get 1900 or below on S&P please ?
I’m patient…I can wait… 🙂
GL to all,
LPG
Austrian THIRD LARGEST bank’s bonds collapse……….zerohedge
Not verifiable anywhere else at this time.
Real 10-year Expected Return:
copper +1.0%
silver +0.4%
gold -0.8%
WTI -1.1%
http://www.researchaffiliates.com/AssetAllocation/Pages/Commodities.aspx
I don’t know what that means … perhaps that moist millennials need not waste their time in commods.
or in KER lingo – don’t waist there time in the terloit.
short video from Research Affiliates
In ten years………it will be over, ,,,,, and the millennials will not have any money to buy anything with…..and gold will only be in the hands of the super rich…..It will be like One of A KIND ART, COINS, CARS ……..CONDO’S ON OCEAN FRONT
Agreed Jerry
Ha! Probably true Jerry. Not everyone cares if its not money anymore. It still has value.
the black swans are itching to come out and catch everyone off guard.
Don’t worry. Bazooka QE locked and loaded.
Chris…YES!! QE is locked and loaded!!…nothing else really matters…they are not going to raise rates AND ALL CENTRAL BANKERS know how to do is print money and throw it at the problem………the D word….yep..:)
We must never speak of the D word. Shame on you for thinking such thoughts. Everything is marshmallows and unicorns.
Totally agree victor5
http://www.ps3youtube.com/v/george-carlin-the-american-dream-T0CjAjrSieI I just thought it’s time for George Carlin again!
Time to refill my prescription for sleeping pills. Can’t have that pesky reality enter my bubble.
Don’t forget the happy medication they give you in the nursing home. DT
DT, what are your thoughts on Harper being re-elect this year?
Chris,
The main agenda will be support of U.S when it comes to terrorist. If you ask me, he has done a fair job. I don’t want to engage in political discussion as im not an expert lol.
I will say this, if there was one person harper did not want to go up against it would be justin. He is young, new voice and new generation. It will be a very hard task to defeat him.
glenfidish,
Personally I don’t like none of the leaders. For the last few years my vote has been going to Independents or the Green Party. They are the only ones who’ve been talking some sense.
chris,
I agree..
Whats that DT…or is my ignorance showing?
Marc, I guarantee that you are on the right track, but remember to move before the train hits us.
“BRAVO”
Thanks Machine Gun, made my day!
Carlin……..at his very best!!
Personally I don’t want any of them but from what I hear in the barber shop, Trudeau is the frontrunner.
Hearing the same thing. But I believe that the NDP can give both parties a run for their money.
His name alone carries a big weight..In every home of every immigrant all you here dad saying is, trudeau fathers was great..I really don’t have a clue as I was not from that era.
I meant father.
It might just suit the Conservatives if the Liberals won an election during a recession year. If you had your choice of when to lose you would prefer the opposition to inherit the times of difficulty. Gives you a great platform to run on four years later so you can kick the bums out again.
In case you didn’t know….yes I am a Conservative. Go Harper!!!
finally broke through 1292
I averaged down and got out of my etf’s with some gains. Materials etf had a nice bounce back up. Sold my gdx yesterday on the spike up too early. Staying in cash for now as the market looks like it will head to below the 200 day.
Apple has done very well – will it alone push up the indexes tomorrow? Thoughts?
Boy Gary
You change your underwear 5 TIMES A DAY.
Peter
Same stance as before. I’m waiting till gold makes a higher intermediate high. Once it does then I will buy aggressively at the next intermediate bottom.
Remember there is always an intermediate decline. No matter how bullish things look at the moment you can plan on the sector getting the snot kicked out of it during the next intermediate cycle decline.
The time to buy big is at that intermediate bottom when it looks like the bull is dead.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=11&dy=0&id=p89538622209&a=386990796&listNum=1
I like your logic Gary. Keep up the good work. About the dollar reversal yesterday, it just occurred to me that the ECB played a good hand and strategically waited until there was a cycle inversion coming on the Euro/dollar trade to actually announce their trillion plus bazooka. It is pure politics. They could not then be accused of having sent the Euro into freefall or damaging the US economy with the dollar soaring too high because the time had arrived (technically speaking) for the Euro to rise in spite of their announcement. It really makes sense to me. They watch the charts too and would choose timing according to the technical set up.
Gold has made a plenty of lows and highs. You can only see it in the hindsight. I don’t see how you can know it is at intermediate low at real time. If you do know that, you can become super rich by trading. Who care about the trend?
I would like to get in at the absolute low, can I ?
Yes, buy something every single trading day. You cannot miss then.
Gee Gary
Thanks for blessing us, so we can get your ok to enter the gold market with a small position. Small profits no thanks.
Peter
Stocks and the fed’s balance sheet topped out in December the same week. Coincidence? I think not. The stock bull is over until QE 4 is instituted.
Gary don’t know what happened to you man.
You got cold feet right after the Swiss Referendom in Nov.
You had the right call before the Referendom and then you made an about face right after the Swiss vote. Couldn’t believe it was the same guy talking, the gold market messed you up. There was no technical evidence on the chart that should have made you change like that. Some how you got it in your head that the gold market was going to 1050 or low and you haven’t been able to shake it. WOW.
Peter
Peter
An 85 dollar pop does not make a new gold bull, Peter. We are on a sell for gold now as I see it. At least for the short term whereas oil is on a buy even as the dollar looks set to fall. Gary doesn’t need to answer you because he’s been calling this right.
Ya Birdman he changed his underwear 15 times, really right.
Peter
Special one week trial. I cover in more detail what I discussed today in the morning report.
http://blog.smartmoneytrackerpremium.com/2015/01/things-get-hairy.html