Rick and Doc – Why the conventional markets turned today as well as where the Chinese QE program money will land
Rick and Doc team up this morning to chat about the turn in the US markets from being down this morning to positive territory currently. We then shift our focus to the oil price and the Chinese reported QE program start-up. Will the Chinese markets experience the same positive reaction that all other markets experienced when their respective central banks ramped up QE?
Click download link to listen on this device: Download Show
Thanks for the update on the proposed Chinese QE JJ!
Either way more debt and free money to be injected. Now will it actually get to street level or continue to be tied up with the banks and corporations.
Well as you know Cory it doesn’t need to get to the street level for the markets to have big reactions, the bankers alone along with their hedge fund buddies drive todays markets its not being driven by any of your guests or poster here, so leveraged debt will increase the big players positions and volatility…..as we watch and trade off their trends
You are absolutely correct JJ. The market continue to to be a beast of the central banks and big banks. Bring on the charts that show debt continuing to move upward.
MORE DEBT! If they could take every dollar in every depositors bank account in The US, the debt wouldn’t be extinguished it overrules all decisions. DT
” James says that despite the formation of the BRICS Banks, the Shanghai Gold Exchange and the new Asia Infrastructure Investment Bank (AIIB), the International Banker’s plans to usher in their New World Order remain firmly in place and on track. How could that be when the evidence suggest that the world is moving away from the Dollar as wealth moves from West to East? Because, James says, “At the very top of this Bankster pyramid, the Chinese elite is connected directly in with the U.S. Western elite.”
CHINA: THE KEY TO THE NEW WORLD ORDER — James Corbett
https://www.youtube.com/watch?v=tLlDVpPhROU
I don’t know James Corbett. Do you have an opinion?
James Corbett is a much sought-after conspiracy theorist that often discusses the New World Order, Globalist agendas from the Rockefellers, Rothschilds, and Banking Cartels, China & Russia as pawns in the larger game, 911, Fukushima, HAARP, Agenda 21 etc….
Many would laugh him off or tune him out as a tinfoil hat guy……however……he is very well informed, and does present quite a bit of information. He is like the Canadian David Icke, so nicer and with people in control instead of alien reptilians.
Personally I am fascinated with some conspiracy theories, because things in the world are unfolding much differently than you see on the mainstream news. I normally takes a contrarian and free thinker to follow a conspiracy theory wormhole, but sometimes you get a glimpse of the real picture of what is going on.
James Corbett is worth checking out for infotainment, and he raises some great questions, and has done a fair bit of research. As for his relevance to this audience and the financial system, not as much, but he does pull back the curtain on the orchestrated take down of the financial system in great detail and recently has been covering the AIIB and it’s connection to Henry Kissinger.
Again, most will shrug it off as hogwash, but there is some truth buried in the information and speculation he presents.
His videos on 9-11 and okla city are concise and well thought out. https://www.corbettreport.com/
DOC-RICHARD
Would you mind taking a quick look look at Alexco weekly chart?
Very investing today with BB and ADX indicators.
Brian
Brian if you look at the daily chart of AXU back to its March highs in 2014 at $2.27 and draw a trend line thru the July high at $1.44 the trend line has been a perfect example of how we chartist survive off the technical as the trend line had the .67 level in Jan 2015 as the next major resistance zone needed to be left behind, it was not and now the trend line shows clearly todays price action at .46 is major resistance yet again!
Nice ! Sometimes you just need to draw a line ๐
Follow the Trend…….Line. Resistance at peaks usually will hit the trend line. Also, if the pattern breaks far up above the trend line and sticks for a while, then a reversal may be in order.
For anyone that follows the Streaming Companies – here’s an update on Sandstorm Gold. The have finalized their acquisition of Gold Royalties Corp, so now they have 60 Net Smelter Royalties and 10 Streaming agreements under their umbrella.
http://sandstormgold.com/news/2015/index.php?&content_id=439
Brian, the weekly charts look positive from a momentum and strength standpoint. They all are starting to turn up and with the daily looking as good as it is, the stock looks quite solid for the short term . Also the pricing is bumping the lower BB of the monthly which I like in some of the stocks I’m nibbling on. I’ll have to look at the fundamental story since I don’t know much about this stock.
Quick FA
Reserves: 60M ounces of silver @ 20 OPT
Existing Mill: 400 TPD (idle until silver reaches/stabilizes @ ~$US18)
Positive: Current revenue/profit from environmental sub-company
Negative: 25% of silver stream is sold to SLW @ $4/ounce
Brian
๐
you da man ๐
Thanks for all this input gentlemen!
nice chart work Matthew
Over the past few months, I have know ONLY ONE person who uses forks on charts on Kereport…
I call forks the “poseidon trident”, fwiw.
The ONLY person I know who uses them on Kereport is my favorite Harmoun Kardoun sound system man !!! ๐
Best to you, as always, and hope all’s well
LPG
Thanks Matthew. Good to see your charting skills haven’t diminished. Much appreciated!
I always forget about Andrew’s pitchforks
How about Schiff forks?
http://stockcharts.com/h-sc/ui?s=AXU&p=D&yr=0&mn=11&dy=0&id=p18051248074&a=392072920&listNum=1
could be a 12 gauge ๐
What I am wondering is if wocsom morf knarF and Frank from moscow look at each other in the mirror…
๐
Best to you,
LPGGPL
And I also wonders FFM offers WMK some famous Scottish whisky of his own ๐
LPGGPL
Great Points LPGGPL.
Good luck to you sir! — SHADDAHS
Cheers SHADDAHS.
GL to you as well for the rest of the week.
Best,
LPGGPL
here is LOOKING AT YA……………. ๐ (:
May The Fork Be With You ๐
(Star Wars geek, sorry)
and may the Schwartz be with you!
THE END IS COMING !!!!!!TWITTER !!!!!!!!!! https://www.youtube.com/watch?v=E1xqSZy9_4I
BUY BUY BUY GOLD GOLD GOLD !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Richard Doc:
I appreciate your commentary.
Yesterday you posted to Birdman that you thought the Loonie could go as high as .85.
Looking at the weekly chart of the CAD on stockcharts I don’t see resistance until the .86 level. I was wondering what I’m missing here.
I also hear you quote the monthly charts often and was wondering where I could find the monthly charts.
thanks-JK
The only way I could get monthly charts was to register as a member (and pay a small fee) @ stockcharts.com.
That is correct.
Yes good thoughts as always Al, Cory, Rick, and Doc. Thanks!!
John K; see below. The monthly charts can often keep you out of a lot of problems. I first look at the monthly charts to let me know the real possibilities and then proceed to the weekly and daily charts. Take for instance the monthly chart on gold—-it’ll tell you currently that there is no incipient major move down in gold. Of course, if the monthly chart changes, then all bets are off.
You aren’t missing anything John K. Yes, the loonie could even go to the .86 area. The odds of moving much higher then .85-.86 aren’t that great according to the technicals at this time.
Thank-you for the reply.
Always appreciated-jk
AND (((((((((( TWITTER ))))))))) SHEEPLE !!!!!!!!!!!! https://www.youtube.com/watch?v=njwf1FZ-l4k
MARKETS ARE BOLL DOLLARS EUROS ARE BOLL PUT BANKERS IN PRISON !!!!!!!!!!!!!!!!!!!!!!!!!! BUY GOLD !
I would suggest that the rally in oil is mostly about sentiment. There were just too many bears in March and oil ran out of sellers. That is the recipe for a bear market rally.
Those generally continue until traders start to become convinced that there is a fundamental reason for the rally, along with sentiment reaching levels of 40-50% bulls. Then the real fundamentals will pull the market back down as there are now plenty of sellers available again.
As of today the bullish sentiment on oil has reached 36%, so there is still room for further upside before this rally runs out of steam.
I completely agree Gary. I think commentators went way too bullish after the steep decline and you started hearing people discussing $10-$20 oils again, so like normal, things got over-done sentiment wise. Now we’ve had a healthy and normal counter-trend move in oil back up, that coincided with the roll-over of the dollar in Mid-March.
There is room for oil to get up around $64 before turning back down, and that will coincide with the intermediate dollar bottom (August maybe?), before turning back up in September on Fed-pectations of a rate hike, and possibly getting a small token interest rate hike from the Fed while there is dollar weakness.
Ha! That first line should have said commentators went way to Bearish on Oil, (not bullish).
I hope China does not do QE since it results in inflation due to the fact China is an export economy. Society gets unstable when inflation happens. Chinese government scared itself after it put in 4 trillion yuan infrastructure spending in 2008. The inflation has been growing ever since.
Bill Gross’s short of a lifetime would led to financial Armageddon.
Bill is GROSS.
Trader Dan on the Dollar and commodities
GREAT POST……………..
Franky,
thanks for that lively 2010 “flash-crash” tape! Sounds more exciting than a WWF commentator!:)
USD$ / CAD$ [all figures in real-time; 1-min. bands]
@ 8.29 am NY time USD = 1.20557 high 1.20282 low
@ 8.30 am NY time USD = 1.20495 high 1.19996 low
@ 8.48 am NY time USD = 1.20074 high 1.19888 low
@ 9.00 am NY time USD = 1.20189 high 1.20146 low
@ 9.02 am NY time USD = 1.20017 high 1.20091 low
@ 9.08 ,for last 6 -1 min. intervals has been dead-cat bouncing off of 1.20101
@ 9.42 am NY time USD = 1.19951 high 1.19907 low
@ 9.46 am NY time USD just broken thru Intra-day support
of 1.19884, presently trading @ 1.19901
That’s all for now folks
Jan Support of 1.20466 got taken out
?? Are we into free-fall ??
@ 9.59 am NY time, intra-day low = 1.19626 !!
@10.02 am NY time, intra-day low = 1.19613 !!
FED JUST YANKING EVERYONE’S CHAIN…………. what a JOKE… ๐ lights out…
TIME FOR THE …………….BOOT, I think 100 +years of BS is enough time for the money changers.
USD consolidating between 1.19767 (1 hour high) and 1.19535 (1 hour low) as of 10.55 am NY time.
The longs are drowning in their own blood.
US INVENTORIES AT RECORD HIGH…………..zerohedge today.
Corrxn: 10.45 am NY time
USDX: Creek & trendlines support at ~94.50.
Significant gap at 95.37 closed. Fed at 2pm.
USDX: Creek & trendlines support at ~94.50.
Significant gap at 95.37 closed. Fed at 2pm.
[Forgot name: BDX s/b BDC … lol.]
The up-trend line held at 94.40 dead nuts.
Another ‘Heartbreak Ridge’ for PMs or just
a quick stop-run on the way up? The creek
battle at GLD 114.80 continues unabated.
MIXED MESSAGE.
HOME PENDING SALES…. reported by NRA(self promoting debt seeking commission driven liars).. up1.1% Remember, reported and closed sales are different, pending means nothing unless you got the MONEY IN THE BANK (or better in the pocket). or DEAL CLOSED.
CONSUMER DEPARTMENT says……Sales down 11% in March.
THE BOOT. ๐
GOLD trying to go positive………down… .70cnts usd
MINERS LOOKING GOOD…………there is a lot of GREEN TODAY……..happy trading .
Nick Barisheff has a great report at FSN..( Financial survival network)..concerning obviously gold, China & SDR
China’s version of a possible QE is not the same as the US or ECB’s Central bank
They are not suggesting outright purchases of bonds or assets but swapping long term loans for government bonds held by the banks with the idea this action would give the banking sector more liquidity which should have the banks passing on the increased liquidity to the street level economy in the form of loans……crazy stuff really, MORE DEBT!