US Markets, Oil, Gold and the US Dollar
Avi Gilburt joins us to wrap up the week in a number of different markets. We start with his outlook for US markets then move to oil, gold and the US dollar. While many of these areas are still range bound he does see the potential of a breakout in a couple.
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OK, thanks Avi. I l also have a bullish dollar set up although that pattern is pretty near to being exhausted if it does not turn around and head higher fairly soon. The Euro remains a candidate for a near term decline. Just watching and waiting to see if the idea pans out.
Farmer dx is very near to an explosive move to the upside.Be patient and you will be rewarded buddy.All technical indicators that I am looking at are in favor of an upside move in dx.
Seabridge just logged its highest weekly close in 135 weeks and it does indeed look like it can go higher, as Avi said.
*I have no position in Seabridge Gold, long or short.
Sold it at the top.
(or so I thought….swift kick in arse as reminder to not be so trigger happy next time!)
Be proud Aiv, I bagged 11 and 5% on NUGT this week.
$12 Silver ??!!
When?
Autumn/Fall ?
WOW – possibly a 40% drop on USO to 6 bucks!!! That would cause mayhem with the oil stocks and probably conventional markets also.
Another opposite opinion:
http://www.safehaven.com/article/41046/85-crude-oil-by-christmas-an-interview-with-mike-rothman
I can easily see 50 to 60 by year end.
I see 50 or 60 in a month based on the chart.
Also in Europe:
https://www.yahoo.com/news/several-arrests-made-relation-brussels-150018825.html