Thursday Market Wrap
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The DJIA has now closed for five days in a row in positive territory.
GSS started mining gold in Ghana news release today.
Only that I sold my position on Monday @.765
Canadian dollar flat to up slightly:
Price Support Pivot Point Resistance
0.77533 0.76158 0.76894 0.77630
I think it’s about to fly to the 200 week MA (currently .88)…
Is the $CAD all over? I don’t think so. It met the target value and then retraced some. The technicals are negative, but the high and tight flag is unmistakeable. Interest rate differentials between US bonds and CDN bonds are narrowing, meaning support for the loonie. The $Cad would be a lagging indicator while the Yen, by comparison is a leading indicator.
The Loonie is just getting warmed up. If it follows through tomorrow, we’ll have a weekly bullish engulfing candle within a potential H&S bottom.
The daily chart also looks great and is a buy…
It was funny watching the SGE/COMEX price differential today.
News out of England of no rate change, caused an immediate hit on PM prices in UK and US, and a slight change on SGE.
BUT the SGE silver price just held it’s ground at $ 29.45 or thereabouts, and the COMEX price came up. On the other hand the SGE Price for gold slowly dropped and the COMEX price came up slowly to meet it.
Oops $20.45
Canadian dollar looks dullsville with a capital D.
Contract Last Change Open High Low Previous Volume Time
D6Y00 (Cash) 0.77548 +0.00487 0.77056 0.77707 0.76914 0.77061 0 15:59
D6U16 (Sep ’16) 0.77570 +0.00420 0.77045 0.77750 0.77005 0.77150 60,088 15:58
D6Z16 (Dec ’16) 0.77550 +0.00390 0.77200 0.77750 0.77190 0.77160 133 15:14
D6H17 (Mar ’17) 0.77665 +0.00485 0.77410 0.77710 0.77410 0.77180 22 11:59
D6M17 (Jun ’17) 0.77650 +0.00440 0.00000
D6U17 (Sep ’17) 0.77680 +0.00435
D6Z17 (Dec ’17) 0.77710 +0.00430
D6H18 (Mar ’18) 0.77740 +0.00425
D6M18 (Jun ’18) 0.77765 +0.00415
D6U18 (Sep ’18) 0.77800 +0.00415
D6Z18 (Dec ’18) 0.77830 +0.00415
D6H19 (Mar ’19) 0.77860 +0.00415
D6M19 (Jun ’19) 0.77890 +0.00415
D6U19 (Sep ’19) 0.77920 +0.00415
D6Z19 (Dec ’19) 0.77955 +0.00420
D6H20 (Mar ’20) 0.77985 +0.00420
D6M20 (Jun ’20) 0.78015 +0.00420
D6U20 (Sep ’20) 0.78045 +0.00420
D6Z20 (Dec ’20) 0.78075 +0.00420
D6H21 (Mar ’21) 0.78110 +0.00420
D6M21 (Jun ’21) 0.78140 +0.00420
Dullsville
Five months……bye bye obame
Five months……hello mrs hillary
It, Trump will crush Hillary in an election, no doubt here! DT
If you look at videos from Trump being interviewed thirty years ago he hasn’t changed his opinions. Trump is not interested in the money at age 70, he can’t be bought. What he wants is to prove how smart he is and to leave a legacy of being The best President Of The United States. DT
I hope he doesn’t prove how smart he is! He ain’t that smart!
This man is not a waffler, he will get it done!
I take part of that last statement back.
He has New York Street Smarts.
(which is one reason I don’t trust someone raised in NY, as a first opinion.
Trump is a lot better than obameee,with a trillion a year habit for bondage debt for the nation.
Term limits for congressman
Corrupt hilly
Nations not Nwo..
That is Hell o re. .
French radio is saying that it appears to be terrorism and the truck driver was shot dead by police.
Looking at photos, they killed the truck too!
Well this blows our dear president’s call for gun control out of the water.
Meanwhile in the Democrat-controlled basket-case of Illinois:
State report shows Illinois staring down $8 billion deficit
SPRINGFIELD, Ill. (AP) — The state of Illinois’ spending will outstrip what it brings in by nearly $8 billion this year despite a stopgap budget agreement last month, according to a government analysis first obtained Thursday by The Associated Press.
Happening to a country ruled by emperor “0”
The Express can be a bit of a rag, but there are tweets estimating 50 and 60 dead.
But terrorism is confirmed even by US State dept.
The Clinton foundation and a gaggle of others are getting exposed….
http://getoffthebs.com/fbi-insider-exposes-clinton-foundation/
It is well known:
https://m.youtube.com/watch?v=2lyIXjvlBzY
Gives a discussion of Hillary’s crimes.
DEATH BY TRUCK
The unilaterally declared war continues in Nice France.
But do not be alarmed!
All we need is the Congressional Black Caucus to organize a Congressional sit in for the purpose of passing regulations and controls on semi-trucks.
If not a gun, then gasoline,
If not gasoline, then a truck
If not a truck, then poison part of the water supply
If not poison, then take down part of the electric grid
The ways are endless, gun control is a waste of time, AND unconstitutional.
CFS we need to ban semi-trucks!
There is no need for a semi-truck to deliver groceries to the store.
A horse and buggy did fine for centuries!
At a minimum we need to ban anyone on the “do not fly list” from having access to a semi-truck!
Let us be reasonable!
If there were no semi-trucks then evil would not exist!
What the difference between Illinois and Indiana, other than Illinois has been run for years by progressive Democrats, who have run out of other people’s money?
It’s all in the names……
Illinois is the ILL state.
Indiana is the state to be IN
(And I can’t believe the motor vehicle bureau turned down that last line as my suggestion for the license plate.)
http://www.zerohedge.com/news/2016-07-14/welcome-illinois-where-every-5-minutes-someone-moves-out
Those departing Illinois should not be allowed to hire or rent a moving truck.
All trucks should be banned!
They can leave all their heavy stuff here.
We can sell their stuff to help pay the taxes they are avoiding by leaving!
Trucks are bad!!!!!!!!!! When will we learn!!!!!!!!!!
Only the police and army should have trucks!
An average person has no need for a truck!
Gary said Nasdaq to hit 20,000 in the next 4 or 5 years.
Chuckling
Speak softly ,and carry a big stick, said by a Pres with an IQ of 149
Your paper promises and mining shares are safe bets.
YOU WISH — Total chaos is hitting the world.
Many mines will be siezed and blown up in the future.
YOU GUYS ARE AT THE WRONG END OF THE STICK.
If you don’t hold it, you don’t own it !!
All of you are going to learn a very painful lesson in
mining shares. ITS VERY VERY HIGH RISK !!
When things really get abominable out there —
GOOD LUCK !!! You think explorers we’re bad a few years ago.
One BIG ROLL of wipe will be waiting for you.
With world war coming many mines will be blown up
and will seize to exist. Governments will also take them
over and seize all their assets.
Anyone bullish on mining shares has mush for brains.
I really mean that. Blinded by greed and lost all better
judgment. Well, thats what happens. The wannabe
theory and its a fact. The excitement right now is
only to end up bag holders. Its going to really shock
the gold community when they find out they have
been ripped off once again. Holding an empty bag.
The physical holders will be on the moon shot.
YOU’RE ALL FATALLY WRONG REGARDING MINING SHARES.
Its a death trap.
Its not going to take many mines to be seized by governments
and blown up by terrorism.
The Elite Club will even assist in getting the job done. Thats who’s
behind it anyway.
The whole sector will collapse especially the small and mid tiers.
Its all going to get destroyed. An accident waiting to happen.
The paper gold bugs fatal error.
What a twist this is. At one time everyone said that paper gold
and miners was going to burn and buy physical.
Now everyone is buying paper gold and mining shares.
I’m very confident and certain this is going to end very
badly for all paper gold holders.
This is the time now to be in physical only, in hand.
YOU HAVE BEEN WARNED !! Very high odds in this analysis.
Right now the way things are going its at least 90 % chance
paper gold will end up roll wipe, if that.
The Elite Club over many years has produced all
this hype with paper gold profits and even physical
PM — ETF’S. Nothing but paper gold products just
flowing like bodies of water in aqueducts.
All of you are being set up for total losses.
MARK MY WORDS ON THAT ONE. Its going to be a
slaughter house.
I can almost guarantee the only one’s that
will make money in the long term are
physical holders of their PM’s.
This is no time to be in paper products of
any kind. The infliction point is coming
and physical will not be available at any
price. It’s impossible to time.
Shares and all paper are going to –0–
You have been hoodwinked !!!
Anderson Cooper says multiple times that they are editing for content and color(making still pictures black and white) because the content of material available to them several instance are too graphic to broadcast.
May God bless them!
NWO…75 dead,65 injured Nice ,France
Trump postpones VP announcement . ,puts Pence on hot seat
Donald the con man Trump ,must want NJ fat boy
Indianapolis Star..newspaper,…
Pence dropping reelection bid for governor
Who you calling a fat boy ?
I have a brother name Heavy.
It’s not a good idea knocking on
the door of giants.
He upsets easily.
You better be packin — a bazooka.
Silver and gold get hit again in US, just before SGE opens.
(Exactly like last night!)
And just like last night the Chinese buy Pt and Pd instead…..both up.
Trucks don’t kill people!
People who like trucks kill people!
Massive deflation and central bank bad guys in handcuffs before this is over.
Still almost all cash with some physical silver.
“All political power comes from the power of a truck. The communist party must command all the trucks, that way, no trucks can ever be used to command the party.”
– Mao Tse Tung
without being a softy, I would just like to express my sympathy to France, I was in Nice not so long ago, a very nice place. This has to stop, I am turning militant, which is not like me
I dont think some commentators should be so flippant about innocent people dying
please stop the flippant comments its not funny, totally innocent people died, or shall I make some jokes about 9/11
I agree. I am disgusted that any supposedly religious person or group would choose to target innocents.
I have been condemning the utter lack of compassion that comes from Islamic clerics (unless shamed into it) for many years. Politicians in Europe and America, progressively promoting multiculturalism, totally fail to understand the intolerance of Islam and Sharia law and the general misogynism of that religion.
They also fail to comprehend the blessings endowed by The English civilization on the world.
Thanks CFS, I totally agree
I am even more appalled hat the US would secretly supply guns or armaments to scum; such as “fast and furious” providing guns to Mexican drug lords, or through Bengazi to ISIS, or through Turkey to ISIS., which used those Tow missiles to bring down a Soviet fighter jet, and then also a medical helicopter flying to the rescue. All I can say is not in my name, ever again will I vote for your party.
But the US has the best government,
http://www.zerohedge.com/news/2016-07-14/presenting-ground-zero-global-wealth-inequality
That money has completely bought.
No humor intended! My comments should e taken very seriously!
Hi Dennis, was not aimed at you, I don’t know why but this has shocked me…driving a truck through people doing absolutely nothing other than walking down the promenade, what is the point I don’t get it
I follow the FXC, so the numbers I mention are related to that. You should either buy your car now, or wait a few months. The FXC will eventually hit a low of about 70-72. Then rise to about 82. Somewhere above 80 would be a good time to buy your car.
Johnny, it’s never a good time to buy
a bucket of bolts.
The GSCI Industrial Metals Index (GYX) is completing a very bullish H&S bottom while commodities in general (GNX) are not far behind.
The same goes for the GSCI Emerging Markets (EEM).
Gold will beat the hell out of most debt but is likely to underperform most commodities for the next couple of years or more…
Yep, I pointed out the rotation into base metals a few days ago.
The only bull market coming in gold
long term will be physical in hand.
I’m totally convinced. All those paper
gold shares and products will be worth
less than the defaulted paper promises
they are written on.
The Elite Club has the herd this time going
in the wrong direction. Last time physical
was dull and unexciting.
You have to do the opposite especially when
we are going into a financial collapse that will
make history.
All paper is financial suicide.
★★★★★★★YOU GUYS BETTER GET READY ★★★★★★★
https://www.youtube.com/watch?v=jTz2I4E4K7I&feature=youtu.be
There won’t even be time to tell you, I TOLD YOU SO !
YOU GUYS HAVE NO IDEA WHAT’S COMING.
ALL OF YOU ARE DECEIVED !!! You better start warning your friends and family.
Everything I said is going to come to pass. If you can’t see whats coming , God help you.
Could be my last few posts. Its time to leave the populated areas now.
Its the end of the republic and O is not joking.
HERE IS THE EXCUTIVE ORDER:
As I read it, it does NOT do what the YouTube video claims.
It appears to be authorizing the use of such things as drones for surveillance and even possible attack against terrorists on US soil.
But mostly just seems to be preparing for possible terrorism.
O is a practicing Jihad. The final death nail will be driven in before
he leaves office. He is trying to get Russia to nuke us.
They will too. Everyone better prepare.
Fantastic move up for one of my Juniors today :)…..very happy.
Kidman Resources (ASX.KDR)
Cheers.
Thanks Skeeta. Kidman Resources has been focused on gold, but just recently acquired that Mt Holland Lithium project, and some exploration success has been a positive for their share price lately.
Technical talks about stocks and gold on MacroVoices:
http://www.kereport.com/2016/07/14/thursday-market-wrap/
Includes good discussion of oil.
The trailing 12-month junk-bond default rate hit a 6-year high in June at 4.9%, says Fitch Ratings, highlighting the ongoing pain from the oil patch.
Energy companies defaulted on $28.8 billion of debt the first half of this year, Fitch calculates, putting the sector’s default rate at 15%. For exploration and production, the rate is 29%.
And yet stockbrokers are pushing higher yielding oil stocks, with blind disregard to cash flow, and dividend coverage.
A 29% default rate in the E&P sector!
Does Anyone really believe that in a honest free market several hundred billions of high yield debt could have been sold by the rank commodity speculators who ply the shale patch? This is a disaster waiting to happen.
Yet the Fed and Japan are discussing perpetuity bonds, never redeemable, for which low or even negative interest is paid, on some greater fool Theory that these might be bought for potential capital gains! Who could be the greatest fools?
The problem in England, comes mostly, but not totally, from Pakistanis.
The problem in Belgium is often from Indonesians.
Mr. Moriarty,
To state the problem as a refugee problem, is a prediction for the future.
The problem is political correctness and adherence to multiculturalism…..a failure to accept the real problem. IMHO.
England has taken in millions of Afro-Caribbeans, millions of Indians, and more recently hundreds of thousands of Eastern European refugees.
I just have not seem them committing acts of terror, despite being often segregated and discriminated against.
The Grey Old Lady blames the truck:
http://www.infowars.com/media-blames-truck-not-terrorists-or-islam-for-nice-attack/
The truck is to blame:
http://www.infowars.com/media-blames-truck-not-terrorists-or-islam-for-nice-attack/
Ireland is also proof of your statement.
I still have a problem with Sharia belief and its intolerance.
The genie is out of the bottle and cannot be put back.
If we stopped doing anything in the Middle East, we would still suffer from terrorism for long after our children and grandchildren are long dead and buried.
Bad Truck!
Then, I was able to get to dry land.
Heard a few gold coins are being
traded because no currency has
been established yet, buying up
previously valued assets that
we’re selling for millions.
Just several gold coins and
“The World Is Yours” .
Burp !
What’s up for GSS ? Anyone know?