We think that some of the regulators are going way too far
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What did you think of the information in the editorial, Frank?
very informative and I think it stinks that you would have to give so much info. in order to invest.
Way to much govt. in everything…………………..ootb
The left and most of the so-called right don’t understand that economic freedom and individual freedom are a package deal – you can’t have one without the other. So I have to laugh when such lefties criticize what they’ve unknowingly voted for.
“The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.”
― Ludwig von Mises
TOO not to…
Huh?
Very interesting potential developments.
Thanks for bringing this to our attention Big Al/Cory.
Best,
LPG
This interview is very disturbing! It’s Dodd-Frank in Canada!
What the regulators/government are doing is making it harder for the small investor, and making it harder for the junior company. It’s appalling, disgusting and down right criminal!
I thought an accredited investor ( which has always been ) liquidity of 100k! What’s the deal..?! In the name of “PROTECTIONISM” does the common man get the shaft!!!?
Fkn Stupid!!!
Just realize, this is a government takeover of assets ” in the Name of Protectionism “!
This is truly a situation that should never exist, Chartster!
Surprised they have not dreamed up something stupid like this in the US.
Well at least we now know Al and Cory are rich.
Dream on, Jason!
It should not matter if I have $1 dollar to invest or $10 Billion dollars to invest. It should be no damn business of any gov agency to tell me what or how I should conduct my business in a legal fashion.
If I qualify for a brokerage account to trade securities, It’s my money and my business where and how I invest it. If I want to invest in worthless plastic widgets or burn my money in a BBQ pit should be no one business. Being required to give a company all of your personal data is the most insane ridiculous bag of nonsense I can conceive of.
The actual reason is for the gov to collect every piece of data and financial information on everyone for mass storage. Mass financial data and keeping the mom and pops out of the game is what this is really about.
It is categorically true with no reservation whatsoever that everything gov touches turns to pure s**t. The gov control freaks will not stop until there is nothing left to lose or any options left for individual self governing by the average person.
The control and limits on individual options just metastasizes on and on and on. It just never ends.
Amen Vortex.
Well said.
I agree, Vortex!
Just wait until late spring when Joe Sixpack realizes his 401k is gone for many years. It’s gonna get real interesting at that point. We the People are going to awaken in 2016… At least I hope they do. It’s getting goofier by the day!
Charster,
The day it will get real will be when you look at your bank account and 50-70% of your money is gone from bail-in’s and there is nothing you can do about it.
The flat out theft of your money is when it gets real! That day is coming.
There are advantages to being 72 years of age, V!
Big Al and Charster,
I hate to over react but when are the people going to start and show some push back against this never ending bureaucratic intrusion and control.
Its just compounding insanity that never ends and its deeply frustrating.
Bee.n dealing with it for a long time, Bird!
You mean Vortex I think……..
Vortex,
Maybe we need a Cypress style event for Americans to turn the corner and wake up!? I’ve gone at risk of relationship with family and good friends trying to wake them up. Some have awakened and I’ve made a difference in their lives. Most people don’t really care. They were born to be serfs, and that will never change..
No Chartster, it never will.
Good chance there will be no “push back”.
PCR can be kinda funny about how stupid people are.
If enough people starve we might see some reaction.
The ole ” ignorance is bliss ” saying has merit.
If your standing on the train tracks deaf and blind, is it better to Not know the train is coming??
Sure, assuming you cannot get off. In this case;however, we can get off!
In context,Al. The train tracks encompass America. ( context )
Of course they do.
****** CHINA MARKETS NOW ON CRUISE CONTROL BY THE FED ******
As expected……….but for how long?
Regulations are required. It is not a big of deal. If kaiser thinks this is truly a big deal he is nuts. This has nothing to do with why companies are struggling. Kaiser is getting desperate to keep himself relevant. There is no such thing as privacy any longer.
So true Peter. There is no privacy. We have only slowly learned to live with the fact that everything we do is essentially public now. I was reading an article not long ago about agencies that collect debts and was amazed by all the tools at their disposal. It is almost impossible for anyone to disappear anymore. The public domain is pretty rich with easily accessible paper and computer records on every conceivable aspect of anyone’s life. Maybe what bothers John so much is that one of the areas of investor privacy is now being cracked open leaving buyers open to scrutiny they were never exposed to before. Sure, this is an affront. but so are the thousands of other invasions we deal with every single day. And once cash is gone there will be no clothing for anyone at all because everything will be open to scrutiny by both corporations and government or a combination of both working together. We are almost there.
********* JOBS REPORT BY THE FED TOMORROW WILL TRY TO PUT THE BREAKS ON SOME OF THIS TURMOIL *********
After helping calm China down temporarily, the Fed will release a huge fake jobs report in their favor to calm these markets down for a good close on Friday! BUT WHAT ABOUT NEXT WEEK WITH CHINA!…………..IT WON’T LAST LONG!
******* BREAKING: CHINA STATE BUYING UP STOCKS TO CALM MARKETS…………..this wont last! *******
Let’s see how long China will keep those circuit breakers off next week………..lol.
Here we go again!
Yippy!
LOL
I wonder how much China spent this time, they spent 22 billion earlier this week to get their markets in the green……….that only gets the Shang-High up to about 70 to 80 points and after that it crashes!
Note to “bubble phase” fans: This is not 1998.
http://schrts.co/mLj10G
(Monthly chart – must be a subscriber to view)
Dow:Gold 33 years:
http://schrts.co/0dCgna
(Monthly)
Gold:USB weekly:
http://schrts.co/IuStRr
Gold:SPX is looking good:
http://schrts.co/qjeDRE
(Monthly)
Gold:CRB
http://schrts.co/Q9kALG
The transports are telling us that stocks will take out their 2015 lows:
http://schrts.co/fS4638
Modified Schiff fork breakout:
http://schrts.co/7eFhJz
OKAY………………….so why is gold and silver down, on what news?
Anybody?
Check this chart Mark. It is Silver Wheaton. Note the Bollinger bands and how price has pierced through the upper boundary. Do you think it is a buy or a sell? Well in my case I sold it and will now wait for it to drop back down before reentering. My signal was taken from gold itself, not the miner so much. It could still go higher of course although I doubt it moves too far just yet if the bands don’t widen abruptly. This is case where technicals were VERY helpful for me. So news was not necessary or needed.
Silver Wheaton 3 month chart — Yahoo.com
http://finance.yahoo.com/echarts?s=SLW.TO+Interactive#{%22showBollinger%22:true,%22bollingerUpperColor%22:%22#0000ff%22,%22bollingerLowerColor%22:%22#0000ff%22,%22showSma%22:true,%22smaColors%22:%22#cc0000%22,%22smaPeriods%22:%2250%22,%22smaWidths%22:%221%22,%22smaGhosting%22:%220%22,%22range%22:%223mo%22,%22allowChartStacking%22:true}
Second chart signal to keep an eye on Mark. This one is the EURO STOXX 50 and it often leads US markets. My charts are live by the way so this is only valid for today. Note the gap down, a double bottom formed and then this morning a gap up on the 5 minute chart? That’s good information to have before the day opens.
http://finviz.com/futures_charts.ashx?t=EX&p=m5
Here is a third. Again, this is only useful for today. The VIX is posting a bearish reversal candle on the futures that is most easily viewed on a daily or weekly chart. This is the weekly. What I am referring to is the last bar with its spike high. VIX has peaked (for the moment) and is falling back already. Had you gone short yesterday afternoon in anticipation of a big red day in markets today you would be losing money already. So these patterns that often appear near the close are guidance to keep you out of hot water What happens Monday is another story. You will decide that later today. The market really is that fluid right now.
http://finviz.com/futures_charts.ashx?t=VX&p=w1
Just as an aside Mark. I want you to go back and look at that VIX weekly chart again. If you observe carefully you will see that the bottom of the bars form a rounded shape for virtually the entirety of 2015. That is to say that It took that long to create the pattern.
Now look back to where you see a similar pattern.
The last time this same thing happened in this magnitude was from roughly middle 2010 to middle 2011. What came next was a MASSIVE volatility spike that took the VIX up over 45.
The S&P fell some 120 points. Nothing to write home about really. But the market was on edge already as the 2009 crash was still pretty fresh in everyone’s mind. For the same thing to happen again we will need to see a whole lot more negativity and fear in the market.
It is possible though. This chart is very suggestive of trouble coming down the road. So you are wise to be a little fearful. And that’s partly the reason I won’t hold long positions at this time unless I feel certain they can withstand a crash.
One last comment about gold. I mentioned that yesterday it made a near perfect 5 wave rally on the hourly chart. You can see that here if you examine the link below (only useful for today….tomorrow it will be gone!).
Count the waves beginning from the bottom which is December 31st. The first peak comes in on January 4th and very conveniently leaves a bearish reversal candle to help guide you along.
Wave two declines into the final hours of January 5th
Wave three-up is long and extends to the close of Jan 6th where we again get a candle (how nice of the market!)
Wave four is the decline into the bullish candle in the morning of the 7th
Wave five then proceeds to the peak on the same day and then puts in a final candle.
That last candle does not appear until after the close though. You had to anticipate it was coming.
I had already sold my positions by then.
Hope all this helps. All I am trying to point out to you is that you can trade very effectively without reading the news. It is not always so cut and dried but when you see these patterns your confidence about what action to take should go up considerably.
Gold on the hourly futures chart – Courtesy of FINVIZ.com
http://finviz.com/futures_charts.ashx?t=GC&p=h1
Here is a very brief article on Elliot Waves from Stockcharts. I hope you find it helpful.
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
Here is another chart that I often use as a tip-off to the direction in gold. This chart is the one year on DUST. Its mate is NUGT. Notice that we have come right down to fairly solid support? Usually we get a bounce there when we hit or drop below 12 bucks (usually as in this past year). So this is telling you to make coin on the dark side for awhile and to escape long miner positions. I don’t usually bother to explain the methods of my own madness but thought in your case it would help since you are so bothered by news driven events.
http://www.nasdaq.com/symbol/dust/interactive-chart?timeframe=6m
That chart incidentally says January will be a dead month for gold. If it is putting in a double bottom (the first bottom being pretty much the whole month of October) then February will be downright UGLY and a fairly large sell-off could transpire in precious metals which would see DUST rise rather nicely. Keep that in mind. This is not manipulation I am talking about here. It is purely chart dynamics. If on the other hand DUST crashes below 12 dollars then we will get our January rally.
And that’s quite enough for one day. I need lunch!
Interesting….when I posted that SLW chart earlier it clearly showed price breaking above the upper Bollinger band. But it no longer does. Not sure why that is since the historical facts should not change.
I’m not so sure that people are anywhere near anxious to invest in Venture Exchange stocks given the commodities are now the favourite punching bag of Wall St. Anywhere you are discouraged or even ridiculed from investing aught to make you look a little deeper.
Canadian markets are the Wild West of investing, requiring someone’s I.d. is not really an ‘invasion of privacy’ if it prevents misuse of a private placement. If you’ve been holding stock, then the company already has your name and mailing address.
Private placements are not the only source of capital, either.
Enjoyed the interview, will always listen to John, and have listened to interviews for many years.
From BNN.ca
Just a note………….Schiff, Peter…..2016 Investment advice( kitco)
…40% in Global dividend paying stocks, developed markets……..10% gold.
You might want to read the article at zerohedge.. UBS report and see the equity and bond chart before investing.
Gas leak and a real estate rush…………out of the state…….California.
what we need is a political solution…..just plug the well with repuglegans….
Wholesale numbers out……….out of wack……(see the favorite zero & hedge your bet)
glad to have John back………