Minimize

Welcome!

Are investors complacent again?

April 20, 2016

Rick Ackerman joins us to look at the precious metlas sector and the moves up across the board. Are investors getting complacent or is this a good time to be in the markets?

Click download link to listen on this device: Download Show

Discussion
13 Comments
    CFS
    Apr 20, 2016 20:18 PM

    The gold and silver stocks are approaching overbought territories and naturally should move sideways for a while.

    Watch the bond market, since this may be the first one to break. The U.S. GOVERNMENT (with many other governments colluding) is monetizing the debt.
    If anything breaks by mistake, it will be the bond market.
    Ultimately expect high inflation – which is the desire of all deficit-running governments – to effectively reduce debt.
    This what governments do when they have run out of the ability to increase taxation.

    IRS and state tax receipts are now dropping when tax rates are increased.
    Stupid politicians fail to understand that at this level of taxation, receipts actually increase when tax rates are reduced.
    They choose instead to manipulate the money supply to try to increase inflation and secretly tax by those means; at least a better alternative than war.
    However, usually, eventually such methods result in hyperinflation and the system runs away from control.

      Apr 20, 2016 20:23 PM

      Please show me a chart where there has been a parabolic move upward that subsequently just trades sideways without a corrective move down.

        CFS
        Apr 20, 2016 20:35 PM

        I wrote “should” move sideways. They may go down and correct…..ultimately, going sideways or correcting down and then moving up can result in the same price after a while.
        The market is forward looking. Right now, for several mining stocks that have risen sharply, they are over-priced by any metric other than anticipation of higher physical prices or as yet un-made discoveries of greater resources.

          Apr 20, 2016 20:39 PM

          Forward looking is right. Some of theses stocks are already price for next year!

        Apr 20, 2016 20:25 PM

        That is correct. Gary claimed the gold move was not parabolic but it was and many experts agree.

          Apr 20, 2016 20:30 PM

          He did? Amazing how that guy even reads a chart.

            Apr 20, 2016 20:45 PM

            He replied back to me about that. He is still feeding his “baby bull market”.

            Apr 21, 2016 21:00 AM

            I have no idea what you guys are reading, but that is NOT what Gary Savage is saying . . .he also is calling for a pullback:

            “And the strength of the rally in gold has convinced many that this time is different. Too many analysts are now expecting only a sideways correction in gold or a very mild intermediate degree correction. This is absurd. The dollar hasn’t even rallied yet. How in the world can one predict that gold will just trade sideways before the dollar even delivers its rally? Gold is going to correct and the move down into the intermediate cycle low will be much more severe than anyone is currently expecting. Miners will retrace at least 50% of the baby bull rally and in the process completely cleanse the bullish sentiment that has built up in the sector.”

            Please . . . I know the guy has his faults, but you guys look childish when you completely misquote him.

    Apr 20, 2016 20:21 PM

    I’d be happy to get 2% return for the next 40 years. I’d be poor but at least I’d live well beyond 100.

    Apr 20, 2016 20:59 PM

    Ceck Out Inventus Mining,Same Type Of Mine Like Novo Gold.

    Apr 20, 2016 20:16 PM

    Investorplace: Before the start of trading on Tuesday, I received no less than four calls from brokers, each of them spewing new bullish ideas and upping price targets on a wide variety of stocks and indices. I snickered to myself as those were some of the same brokers calling for a repeat of 2008 near the February lows.

    I can’t help but find it reckless to only get bullish after big rallies and bearish after big sell-offs. So it goes, though, and emotions constantly get the better of the majority of investors, leading to irrational buy and sell decisions.

    On a single-stock front, Tuesday saw some ugly moves in Netflix, Inc. (NFLX) and International Business Machines Corp. (IBM) after the companies released earnings. If this is foreshadowing of what is to come this earnings season, the tech sector could begin to weigh on the broader market.

    The 9 Best Cheap Stocks to Buy Now Under $9.99

    In the previous Daily Market Outlook, I showed the big divergence between the S&P 500 and the Volatility S&P 500 (VIX). Today, I want to highlight another comparison between the two.

    On the chart below, note that while the S&P 500 continues to push higher, the VIX is trying to make a higher low versus its early April lows. This type of divergence is often a good indication of a near- to intermediate-term turning point for stocks.
    http://investorplace.com/2016/04/daily-market-outlook-bull-calves-warned/?sid=MP9235&cp=OZDT&ct=20160420&cc=eletter&en=3708747&cpp=OZDT&enn=3708747#.VxfxBjFvoik

    Apr 20, 2016 20:57 PM

    We have gone about 299 points from 1812 to 2111 without a correction. It has to happen soon to correct this parabolic move from Feb. 11 to now. That is about a 12 to 15 month move in about a little over 2 months.