Gary discusses the dollar and commodities
Chris and Gary chat about the possibility of a bottoming process in commodities, and at least a near-term top for the U.S. dollar
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How is Big Al, hope he is recovering quickly.
You’ll be hearing from him today!
Another good market overview Chris & Gary. Great thoughts!
Big Al took it hard when Gonzaga lost to Duke. Doc is from Michigan so he may be for the Spartans. Go Badgers!
Ask Doc…….if Michigan players are now getting paid to play. I understand it is in the works.
Michigan or Michigan ST.? That would never happen at I.U. where the athletes are all scholars.
I think Michigan….Where is Harbar(sp) going to coach football.
At least, in my days, most of the ball players finished with a degree in something besides ball bouncing.
I posted this somewhere else, but
NFL News………ATLANTA FALCONS fined for FAKE crowd noise.
The circus is coming to an end…….teams are going to go bust. To many thugs playing the game………………jmho.
gary, It’s interesting that you now view the dollar as the key to where commodities in general are going,and more specifically gold and oil. this has been the obvious case for months, look at dollar chart from mid 2014 to now compared to oil. the problem with your analysis is that the dollar is a coincidental indicator of where oil gold etc are going and not leading. It therefore tells you nothing and has virtually no predictive value. Also as was the case back when the dollar (dxy) was consolidating at 94 or so and you felt it was due to drop, the same is occurring again, the dollar for now at least is doing nothing more than consolidating its rally from that former consolidation level.
considering the geopolitics with Saudis, yemen, etc etc, it is surprising oil floundering, I suspect a great deal of the price near 48 is nothing but geopolitical risk, any moderation of this even short term will take that geopolitic risk out of the price of oil and it will crap to new lows below 40. Right now everybody feels oil should bounce simply because it’s come down a lot. Not good reasoning at all. Your recent blog prediction that oil will rally over next six eight weeks to mid 60’s won’t happen. It will either flounder at best.
I went to the University of Michigan. As you’re aware, John Beilein is developing quite a basketball program at the University. He’s a real gentleman and I personally respect him a lot. Their results this year weren’t up to expectations this year but were due to a number of his players going pro last year and injuries to 2 of his starters. But watch out for next year. Their record will be much improved next year and they’ll be back in the NCAA tournament next year. When Michigan is out, I root for the Spartans of Michigan State and Tom Izzo, another honest good coach. I’m happy this year for Wisconsin as well. They have a formidable challenge ahead of them against the semi-pro team, Kentucky. It’ll be a fun weekend coming up. College basketball is one sport I enjoy watching since I played a lot of basketball in my younger years.
I am confident that it will be a Big Ten final of Spartans and Badgers and hope that next year’s final will be Indiana vs. Michigan.
Would love to see Indiana vs. Michigan next yr…….. Being an I.U. grad…we’ve been out of the big games way too long!! I like Izzo. A excellent coach…..ND would have won if they had him the other night. A valiant effort by the Irish!
GO IU………., get Bobby K back and we might have a game.
Go, I.U.! The Hoosiers are taking over this site. Let’s make Doc an honorary Hoosier.
I’ll send Doc one of BOBBY’S throwing chairs., or a picture of the FAB FIVE , with a remark or reminder to watch the clock.
time out 1993 Chris Webber.
***MARK WHAT IS YOUR COMPUTER TELLING YOU ABOUT GOLD?******
**crickets**
lol
Watch out for a potential significant move down in the conventional markets in the next few days—-the technical odds are good.
Doc your never spoke today? What are you seeing with gold? Are you buying into this drop?
No, Glen; I’m more fixated on the stocks. The stocks will have about 10 more days of pressure—then I’ll probably purchase a couple of ETFs very a short term move up.
Noted Doc. I am watching the same thing.
This is what I see:
US$ will not go down.
Commodities will not go up.
US Market is rangebound 2050-2100.
I’ll take my profits while the big tent is still up. Took 23% profit today on JDST. Sorry PM nerds. I had to cash in on some of your PAIN. 🙂
NO PAIN NO GAIN………..lol
Com in Mark…..
For Com read Come!
I will do the opposite of doc
Greece has to leave the Eurozone eventually or have its debt forgiven periodically about every 10-15 years, not just once.
However, it might take a long time for them to get kicked out or leave and I can’t see how the crisis can really stop until they do.
The PIGS nations are serial currency debasers and therefore they will always need to devalue against the rest of the Eurozone every decade or so, not just this decade. If they can’t devalue, then the crisis will just intensify over time.
There is no solution to it within the Eurozone, unless they have massive deflation of the whole cost structure in those countries, like a 50% fall in wages, etc. I think that is what is meant by ‘internal devaluation’ to stay in the Eurozone, wages and prices have to fall by a certain percentage every year for their kind of big government culture to continue.
GOLD..Rally until next option expiry….just my guess.
Mark has the handle on the options., what say ye MARK.