Market Wrap for October First
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Will the developing situation in Syria affect the U.S. financial markets?
Doomberg reporting 75% bearish sentiment on Wall St. I want to see the $ & P test that 666 devil low from 2009.
The jobs data may get massaged so it does not look too good or too bad and some futures buying to support the market.
There have been no concerns about bombing Syria by the western countries but as soon as Russia gets involved we have all this commotion in all the western media. It could be Russia may do a better job in attacking ISIS.
Well said. Maybe we ought to be glad for the help. Assad may survive but we lived with him and his father for 40 plus years.
Syria is becoming something similar to Spain in the thirties during their civil war. All the big boys are in their perfecting their tactics and weapons. Could be the prelude to something big. The Saudis seem impotent and incapable of doing anything but counting their billions. LOL
Doc,
You are so spot on, so much of the time.
I would have chuckled my self listening to the cnbc hack.
Chartster, I’m thinking of sending him an e-mail with a friendly bet and I’ll give him 10-1 odds. However, I would like to put some serious coin up.
Before the currency us destroyed, you have to consider that an advancing liquidity trap is observable on a global basis. Where central banks don’t have the same leverage in the markets because they’ve used it all up and then some.
I find it fascinating how the financial troubles of Glencore or Trifigura mimic ‘The Rich Man’s Panic’ in 1907. In Japan, the day-to-day economy keeps rolling along, but the bond market has been on life support since their market rout.
FranSix; That’s a good point. The issue of liquidity or the lack thereof will only increase over time in my opinion.
We now have serious implications of a gargantuan magnitude. World war 3 may
begin or already has started in Syria. All major nations are jumping in and this will
not be contained to the Middle East. This is the great world war and with the economic system hinged to an upside pyramid, watch out below. The world is very complacent about all matters right now affecting the world. They see the signs and look the other way.
No, you won’t hear it in the news just before when North America is being bombed.
Its coming, this great world war of annihilation in the months ahead and its impossible
to predict exactly when but it is here in the near future.
When it happens there won’t be internet to communicate and say it happened.
I will say this, I will be right about this too and you are informed that anyone
who disagrees with me will be – DEAD WRONG. Never lost a prediction yet to
this board of posters who always make judgments that are misplaced comments /predictions that never come to pass. Always the same in here,
always wrong. Never fails.
John
You get points for not quoting scripture/end times.
And I may be starting to agree … even the NPR clones seemed nervous today. Any veil of un-biased reporting was dropped today – according to NPR, Russia is evil and is 100% responsible for starting this current Mid-East crisis.
Brian
JOHN NEWMAN
You are not fooling anyone “Mr. Newman.” You are the same hate-filled gloom and doom clown that Big Al removed from the site about one month ago. The same one who damns everyone to hell for passing wind on Sundays.
Carson is a Seventh Day Adventist, which is a manmade cult like Mormonism — it teaches the bogus theory of annihilation. As for me taking the log out of my own eye – that would be very applicable if I too belonged to a cult and was pointing the finger at Carson, but I do not. I believe scripture alone to deliver truth to me, and not the bogus prophetess, Ellen G. White (like Carson does). And so, there is no log for me to pull out of my eye (at least on this issue). The man is a globalist shill who is pretending to represent biblical Christianity (at least in my opinion).
On a side note: you really should open up your dictionary and investigate the actual meaning of the word “heretic” calling me one. You CLEARLY have zero idea what it means.
Darn Bentnail, I was going to start using “heretic” as my moniker, after you said look up the meaning I find I cant.
beliefs contrary to his church….
I have no church, I cant be a heretic, sorta makes me say “rats”, I kinda liked the word heretic.
just use HEROTIC…..no one will know the difference……………lol
btw, nothing meant , or nothing implied
Good call on gold Frank for Friday. Keep up the good work.
Thanks John………..Keep cool……..OWl has got the velvet hammer out.
Bentnail,
Whats wrong, you sound like your furious. Did someone kill your dog. You believe
you are so perfect and have no false in your Christian walk at all. That’s all you
have done on this board is be a “busy body” as the bible refers to as evil gossip.
Always looking for false in other fellow believers and you also defile, mock and
scoff God’s Prophetic Holy Word. This comment proves that alone, not to mention
all the other comments as you refer to it as gloom and doom – hate. You conveniently avoided that subject God’s Prophetic Word and rather accuse me of doom and gloom – hate. This is precisely what luke warm Christians do. They want to live for the
world and refuse to live for The Kingdom Of God. Yet they believe they are saved running around accusing fellow believers and twisting Gods Word and making other Christians out to be doom and gloomers – haters. YOU, ARE NOT FOOLING ME EITHER.
I know, no one is a perfect Christian but this is an abomination those who never
spread Gods Word and busy constantly criticizing fellow believers. Mocking Gods
Prophetic Word as 30% of Gods Word is prophecy.
Then, with all these nations now gathering for war, even our financial system teetering on the edge and a NWO system right in front of us to chip us all, ARE COMPLETELY
BLIND ???
So, I will warn you again. Luke warm Christians are not saved. You either honor Gods Word and stop calling it doom and gloom – hate., what its not.
Its not doom and gloom – hate, unless your living for the world. Apparently you are, because it upsets you terribly = luke warm Christian. Who is wasting their time in The Gospel and who is the greater fool. A heretic/luke warm/accuser/apostate believer. BTW hell is real place its not hate as you like to advocate. Its mentioned all over
Gods Word what leads to eternal damnation. That’s what this is about, staying out
of eternal damnation.
Label me a clown any day. I wouldn’t want to be in your shoes at all and for all the things of this evil world. Your soul is in great peril. Suit yourself Bentnail, I’m not
here to argue about your false doctrines and doctrines of demons. You don’t need
a cult church to attend you have your own heresy your living. There is no excuse
as you have Gods Word. Its all right there is black and white. You like your ears
tickled then you won’t change. I have plenty of experience with this same luke
warm so called bad Christian beliefs.
This is why our world is going down the tubes. Its because of all these
false teachings and the unbelievers get around Christianity and these
luke warm so called Christians mix them up so terribly that want nothing
to do with it.
Luke warm Christians are the worst company to be around and they are
unstable in all their ways. Unbelievers are much more pleasant company
because you know what to expect. The tragic fact that there are few
true believers left in this world. Yes, the road is very narrow indeed.
The path is wide and broad to eternal destruction.
BIG ALL
Help!!! The hate-filled doom and gloomer is back, albeit under a different name. Once again, he has his facts mixed up.
I will get it, count on that.
BIG AL … Not ALL (auto correct)
JOHN NEWMAN
I will address your concerns:
Nope — not furious (quite a happy bloke).
Nope — no one killed my dog (don’t own one).
Nope — not perfect (far from it).
Nope — addressing your hate-filled comments is not all that I have done on this board (I actually rarely post on here).
Nope — not always looking for the false in others (I try to see the good in people).
Nope — I do not defile, mock, and scoff God’s word (words that you clearly have never taken the time to read for yourself).
Nope — I am not cold or lukewarm (never intend to be either).
Nope — I do not think I am saved by “running around accusing fellow believers and twisting God’s word” (I am saved by the blood of Christ).
I AGREE — no one is perfect, which makes me wonder why you post such haughty comments such as “no one understands the world like I do … the internet is going to get shut down once the Russians attack … TRUST ME, I KNOW EVERYTHING.”
First, it does not take a rocket scientist to figure out that there will be a third world war that pits Russia and China against the west – this has been the plan all along. The plan is described in New Age books. It will happen. The fact that you or I are aware of this hardly makes us great prophets. You are not a genius … Captain Arrogance.
Yours truly,
the non-judgmental, ever-loving, easily annoyed by hate-filled gloom and doomers like yourself …
Bentnail
thanks Bentnail, I know where you are coming from. In the future, please leave out “Captain Arrogance.” I will if you will!
BIG AL
Consider it done … cheers!!!
I believe that we are cut from the same cloth, Bentnail!
BIG AL
That is the sad truth about man – all cut from the same sin-stained cloth. That said, I will not cross the line that separates biblical Christianity from cults like Mormonism and Seventh Day Adventism. At the same time, I am not the judge – God alone is judge over all. I was simply differentiating between bible-based Christianity and the manmade religious beliefs of Carson. THEN CAME “Mr. Newman” ranting like an out of control lunatic (missing my point altogether).
I am not judging Carson’s soul (heaven forbid). What I am doing though is making it known that there is an agenda to blur the lines between biblical Christianity and cults that I refuse to buy into. The establishment is intentionally raising up a bunch of globalist loving men/women who claim to be Christians when nothing could be farther from the truth. There is a reason why they are doing this (one that is far too complex to explain via this blog).
Cheers.
Interesting comment Bentnail as I am definitely a Biblical Christian.
I have to assume that you are referring to the Doctor Carson’s comments about Muslims. I thought that he clafified his comments clearly, but I could be wrong.
NEWMAN
The reason I was “ignoring” biblical prophecy was because it was not the topic of my discussion. Do I believe bible prophecy? Yep. Was it the topic of the blog or was Carson the topic? Carson was the topic. So, please do not make the HUGE MISTAKE of assuming anything about me simply because I did not speak about a topic that you were discussing.
Not sure where you arrived at the conclusion that I have accused you of defiling God’s word – I never did such a thing.
I forget what your last name was before BIG AL ended your previous account, but you are not fooling anyone. You come on here ranting like Kenneth Copeland (a false pastor). You have not changed and I hope to high heaven that BIG AL cuts the head off of this snake before it poisons the entire camp once again.
I don’t believe that he is a snake, but I did cut him off because he does not seem to be willing to consider what others are saying. And, that is sad!
BIG AL
No, I am actually not talking about his comment about Muslims, though that too ties in with the big picture. There is A LOT of deception out there right now and I for one refuse to swallow the bait.
BIG AL
Thank you. I had nothing against him, but he always comes on here in a rage and pushes religion down everyone’s throats. Now, I am not saying freedom of speech is bad – it is a great thing. Of course, religion and world events are my two favorite topics, but I try not to be offensive. And if I am, I am always willing to get back on course. It does not seem like he wanted to have an open discussion with anyone.
First time for everything, John.
The odds are in my favor. Unfortunately, it’s a prediction that’s terminal.
Even so, people need to accept the truth. It’s human nature for the masses
to insist its not so. Destruction always comes when least expected. Like now.
I am gob-smacked.
With the tension/situation in Syria (I need not explain), Gold should be going parabolic. I know this is simple fundamental analysis .. maybe FA has been completely overshadowed (subsumed) by TA?
Sheesh, is all I have to say,
Brian
FA, TA, NPR??? You lost me Brian. what do those mean?
NPR – National Public Radio
TA – Technical Analysis
FA – Fundamental Analysis
OK, thanks.
“I am amazed at how blatant a price manipulation algo is in gold futures this morning. Really affecting prices.”
Eric Hunsader, Nanex
A currency backed by the worlds largest military and a government that uses it to solve every major foreign policy problem cannot last forever.
‘Good Will’ is an important concept in business, without good will even the biggest company will fail sooner than later.
I’m worried that we have spread too much ‘Ill Will’ throughout the years with our efforts to promote dollar stability throughout the world.
Examples include bringing Saddam to power and training and supporting Osama bin Laden in our efforts to try and keep Russia bottled up.
While this was a worthy goal, they had backfired on us and we needed even more military involvement creating more ill will.
It seems like our best intentions to stabilize have done nothing but destabilize.
Each evolution of the stabilization model leads to greater destabilization requiring even greater military involvement.
We are seeing a Russian/Chinese alliance that we cannot out muscle, we are seeing a rise in a new Islamic state that somehow seems unstoppable
and is knocking on the door of our dollars source of strength, Saudi Arabia.
What they have in common is a need to find another currency besides the dollar to use in trade.
Unfortunately, financial problems all have solutions, their solution is simple but will take time.
Many of us will state silly reasons why ‘it can’t happen’ or ‘not in our lifetimes’ or that ‘the dollar is irreplaceable’ because we don’t want it to happen.
Like every tragedy that no one wanted to happen, they all still happened.
This tragedy will happen too, everything is falling into place to shake up our place in the world.
It would not be a bad thing if gold retests the 1080 area:
http://schrts.co/FfFUYZ
The end of a bear market ends when the 87% realize this time they got this one wrong and all scramble to get out of their short positions creating
an explosive reversal to the upside which isn’t believed by the sidelines for 2-3 days because they still have memories of being burned all the way along
in these bear market rallies. This time it’s different. The Fed sealed the coffin of the Dollar, and the case for gold about to get its public debut.
The USA is the only market on the planet that has a separated paper price discovery mechanism from the physical delivery mechanism like Comex.
In one moment the public exposure of the reality of the musical chairs analogy that there is only one chair (ounce of gold) for more then 250 people
wandering around the chair will require the stopping of the music to be understood.
I fail to see a real market if the paper and physical markets can be so disconnected, regardless of how long it has been this way,
it doesn’t work and Shanghai has a better way, they win by default and USA loses because its going to default when the paper holders ask for physical delivery.
How many days of physical gold inventory do we have left at the Comex?
However many days of music you have left, they are numbered.
The Comex will start settling physical delivery with cash rather than metal and they will have some made up excuse why this is happening,
that is the day the music stops.
In the meantime, we have to finish this ending diagonal …
Time to bring on Moriarty. War is the Great Diversion.
At least he’s old enough not to get distracted by a Greater Diversion…
http://www.military.com/daily-news/2015/10/01/army-joins-other-services-with-breast-feeding-policy.html
PLATINUM………..$896….
to late………you missed it…………
RATIO……TO GOLD…………1.25….I think that is the highest it has been in years.
correction …..1.26
I SAID’ ON FRIDAY………GOLD WOULD BE UP……….
Me too. But you know what?…….I did not see this move coming. Not that much. If that was on anybodies charts I would sure love to hear about it though.
Fridays have been up for several months……no matter what has happened during the week…..
In Canadian it hasnt done anything out of recently ordinary.
Were up about 20-25 american, I just dont see hat as a big deal, the shares I follow are just bouncing around where they have been for awhile now.
Actually, looking at a few, “stink bids” might be in order, some shares seem to dip then bounce back.
I noticed 1 dipping about 30%, over a couple of days, back now of course.
DEMAND
DEMAND on SIVLER EAGLES UP………..mint can not keep up………
Frank, did you just see what I saw a few minutes back? Gold went vertical. Straight up like a bat out of hell for a 23 dollar move. Its been a long time since I have seen that kind of behavior. Ka-ching! But what the hell caused it?
Oops….spelled my name wrong and got sent to moderation. I was writing to you Jerry. Here is what I posted…..
“Frank, did you just see what I saw a few minutes back? Gold went vertical. Straight up like a bat out of hell for a 23 dollar move. Its been a long time since I have seen that kind of behavior. Ka-ching! But what the hell caused it?”
Yes………..I saw that……….”bat out of hell move”………Yes, it has been a long time.
They reported job numbers…….that might have something to do with it.
I am glad to see the silver price up .50cents……will MAKE IRISH’S DAY….
going to be an interesting day……………..
Well, we don’t need to wonder anymore if there is strong support for gold at 1100.
Well, at least for today………
Actually, there is something very interesting happening here Frank. We have not seen this before. That launch in gold took place exactly as the DOW cratered 200+ points just before the market opened this morning. And that tells us the algo’s have been rejigged to buy gold, silver and long bonds if stock markets decline.
I thought there was something strange……Thanks, I think you are correct…appreciate the info……………..jthe long………..
And just yesterday, A Listener, you attacked me for saying that gold would not fall with stocks. Good job!
A NEW DAY……..A NEW DAWN……………..
Actually, gold rose because the dollar tanked.
Looks like it tanked at 8:25am
JOHN N………welcome back…………….
Fear not………stay calm………………..
REVISED JOBS NUMBERS…………..JULY, AUG. DOWN…………hello……not looking to good, got any rental real estate ….might want to start collecting in advance a couple of months…………..just saying.
NOT IN the labor force…………..94.6 MILLION
NIRP coming and helicopter warming up !
We now have a UUP “death cross” (50ma below 200ma):
http://schrts.co/EniSOl
Like I’ve been saying, sell rallies in the dollar:
http://schrts.co/pjqUGW
We are slow learners ……..will pay more attention in the future……..
Talk about “if it ain’t broke don’t fix it”.
KITCO dot com needs help.
you are correct………….the chart was screwed up at the upshoot
blew off the chart………surprise, surprise………….
5 min. delays could cost you are fortune……………..
For me, it works in one browser out of three, and won’t “refresh” in the one that does work.
Blondie better get her over-alls on, and grab a spanner.
Blondie was busy, putting on her lipstick…………..
One of these days, gold will be like today and keep going. It will never look back and leave everyone not committed to gold bull in the dust.
DRAGON……FIRE ……AND SMOKE…………….
silver looks like it wants to go higher……………….
silver is working higher………..
After many years in gold and other markets, I started to think why fundamentals don’t work for so long. I start to entertain the idea that there are actually suppressed markets and boosted markets. Both the suppression and boosting are from the very top. These actions either serve the interest of elites or national interest. So the market was intervened for decades. However, this intervention varies with its magnitude. Occasionally either they change their mind for a while or out of control.
The suppressed market has a character of languish for a long time with occasionally come with very sharp spikes – such as good, silver and Chinese stock market. When you look at the charts, they have large and broad bottoms and very unpleasant corrections. But the upward spike is sharp. The boosted markets mostly stay high and making pleasant moves. However, they occasional drop down fast and deep. So they tend to have broad tops and very sharp spike downs. Their bottom period is as short as the top period in suppressed market. In summary, suppressed market stay down for majority of the time and boosted market stay up most of time. So the crowd will stay wherever comfortable.
To profit from both types of market the strategy should be one of the two.
1. Hold on forever since both markets will go up in a long run
2. Accumulate suppressed market at most of the time and waiting for the spikes. Add when it goes down. Stay partially invested in boosted market in order to add at the spike down. Lighten up when it goes up.
Since investment is not for the faint of heart, you will feel painful most of the time in order to win. Note, I am not talking about PM producers since their product price is suppressed, they will always struggle until they go broke.
Accepting pain comes with age……………Uncle Wally 1988
THAT IS A SHOE IN……….. Uncle wally would be proud.
USDJPY < 119 … What BOJ are doing ?
GDXJ is getting capped today (so far) by Schiff fork resistance:
http://schrts.co/B1TGGs
Larger fork resistance comes in just above $21.
http://schrts.co/yKRGaw
My HDGE is working – sort of.
-prolly should have gone with SDS
http://stockcharts.com/h-sc/ui?s=SDS&p=D&b=5&g=0&id=p16116878470&a=423445971
GDXJ is worth 22% more SPY since the late July low for the ratio:
http://schrts.co/FvIf00
GLD:SPY monthly:
http://schrts.co/ytpKW5
Note that the 5 ema is above the 8 ma for the first time in years.
“I posted this Public post link yesterday & got no love 4saying MIners R Bullish.”
Bo Polny, after missing how many “to da moon shots”?
We were supposed to be 2000+ Sept yet again I believe, anyway, looks like he might have givin up and got into the god business.
@ silver doc today, hope he has better luck.
I didnt bother reading the article, just thought it was funny.
Anyone who think he is god will be trashed in this market.
Cory- CHINA and Russia….are in Syria…please be accurate.