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Thursday Market Wrap

Big Al
July 14, 2016

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The DJIA has now closed for five days in a row in positive territory.

Discussion
108 Comments
    CFS
    Jul 14, 2016 14:39 PM

    What’s up for GSS ? Anyone know?

      Jul 14, 2016 14:44 PM

      GSS started mining gold in Ghana news release today.

      Jul 14, 2016 14:31 PM

      Only that I sold my position on Monday @.765

    CFS
    Jul 14, 2016 14:43 PM

    Canadian dollar flat to up slightly:

    Price Support Pivot Point Resistance
    0.77533 0.76158 0.76894 0.77630

      Jul 14, 2016 14:50 PM

      I think it’s about to fly to the 200 week MA (currently .88)…

      http://schrts.co/3moEsU

        Jul 14, 2016 14:24 PM

        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.

        http://schrts.co/BT9IXq

          Jul 14, 2016 14:49 PM

          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.

          http://schrts.co/C1m28C

    CFS
    Jul 14, 2016 14:53 PM

    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.

    CFS
    Jul 14, 2016 14:54 PM

    Oops $20.45

    CFS
    Jul 14, 2016 14:16 PM

    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

    Jul 14, 2016 14:30 PM

    Five months……bye bye obame

      Jul 14, 2016 14:37 PM

      Five months……hello mrs hillary

        Jul 14, 2016 14:13 PM

        It, Trump will crush Hillary in an election, no doubt here! DT

          Jul 14, 2016 14:20 PM

          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

            CFS
            Jul 14, 2016 14:23 PM

            I hope he doesn’t prove how smart he is! He ain’t that smart!

            Jul 14, 2016 14:25 PM

            This man is not a waffler, he will get it done!

            CFS
            Jul 14, 2016 14:25 PM

            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.

            Jul 14, 2016 14:45 PM

            Trump is a lot better than obameee,with a trillion a year habit for bondage debt for the nation.

            Jul 14, 2016 14:46 PM

            Term limits for congressman

            Jul 14, 2016 14:47 PM

            Corrupt hilly

            Jul 14, 2016 14:49 PM

            Nations not Nwo..

        Jul 14, 2016 14:38 PM

        That is Hell o re. .

    CFS
    Jul 14, 2016 14:21 PM

    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!

    CFS
    Jul 14, 2016 14:32 PM
    CFS
    Jul 14, 2016 14:38 PM

    Well this blows our dear president’s call for gun control out of the water.

    http://news.trust.org/item/20160714214426-w8xu5

    CFS
    Jul 14, 2016 14:48 PM

    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”

    CFS
    Jul 14, 2016 14:54 PM

    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.

    http://www.express.co.uk/news/world/689673/Panic-terror-French-city-Nice-lorry-ploughs-Bastille-Day-crowd

    Jul 14, 2016 14:00 PM

    The Clinton foundation and a gaggle of others are getting exposed….

    http://getoffthebs.com/fbi-insider-exposes-clinton-foundation/

    Jul 14, 2016 14:31 PM

    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.

    CFS
    Jul 14, 2016 14:44 PM

    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.

      Jul 14, 2016 14:52 PM

      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!

        CFS
        Jul 14, 2016 14:15 PM

        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

          Jul 14, 2016 14:26 PM

          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!!!!!!!!!!

            Jul 14, 2016 14:31 PM

            Only the police and army should have trucks!
            An average person has no need for a truck!

    Jul 14, 2016 14:54 PM

    Gary said Nasdaq to hit 20,000 in the next 4 or 5 years.

    CFS
    Jul 14, 2016 14:31 PM

    Chuckling

      Jul 14, 2016 14:53 PM

      Speak softly ,and carry a big stick, said by a Pres with an IQ of 149

    Jul 14, 2016 14:33 PM

    Your paper promises and mining shares are safe bets.

    YOU WISH — Total chaos is hitting the world.

    https://www.thesun.co.uk/news/1447619/at-least-74-dead-and-100-injured-as-lorry-crashes-into-crowd-of-revellers-celebrating-in-france-terror-attack/

    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.

      Jul 14, 2016 14:47 PM

      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.

        Jul 14, 2016 14:49 PM

        The physical holders will be on the moon shot.

        YOU’RE ALL FATALLY WRONG REGARDING MINING SHARES.

        Its a death trap.

          Jul 14, 2016 14:24 PM

          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.

            Jul 14, 2016 14:07 PM

            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.

            Jul 14, 2016 14:22 PM

            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.

            Jul 14, 2016 14:33 PM

            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 !!!

    Jul 14, 2016 14:37 PM

    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!

    Jul 14, 2016 14:01 PM

    NWO…75 dead,65 injured Nice ,France

      Jul 14, 2016 14:09 PM

      Trump postpones VP announcement . ,puts Pence on hot seat

        Jul 14, 2016 14:11 PM

        Donald the con man Trump ,must want NJ fat boy

          Jul 14, 2016 14:11 PM

          Indianapolis Star..newspaper,…
          Pence dropping reelection bid for governor

          Jul 14, 2016 14:42 PM

          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.

    CFS
    Jul 14, 2016 14:09 PM

    Silver and gold get hit again in US, just before SGE opens.
    (Exactly like last night!)

    CFS
    Jul 14, 2016 14:12 PM

    And just like last night the Chinese buy Pt and Pd instead…..both up.

    Jul 14, 2016 14:18 PM

    Trucks don’t kill people!
    People who like trucks kill people!

    Dan
    Jul 14, 2016 14:18 PM

    Massive deflation and central bank bad guys in handcuffs before this is over.

    Still almost all cash with some physical silver.

    Jul 14, 2016 14:30 PM

    “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

    Jul 14, 2016 14:32 PM

    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

    Jul 14, 2016 14:33 PM

    I dont think some commentators should be so flippant about innocent people dying

    Jul 14, 2016 14:36 PM

    please stop the flippant comments its not funny, totally innocent people died, or shall I make some jokes about 9/11

      CFS
      Jul 14, 2016 14:50 PM

      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.

        Jul 14, 2016 14:52 PM

        Thanks CFS, I totally agree

        CFS
        Jul 14, 2016 14:00 PM

        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.

      Jul 14, 2016 14:51 PM

      No humor intended! My comments should e taken very seriously!

        Jul 14, 2016 14:55 PM

        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

    Jul 14, 2016 14:37 PM

    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.

      Jul 14, 2016 14:47 PM

      Johnny, it’s never a good time to buy
      a bucket of bolts.

    Jul 14, 2016 14:55 PM

    The GSCI Industrial Metals Index (GYX) is completing a very bullish H&S bottom while commodities in general (GNX) are not far behind.

    http://schrts.co/KxpSkC

      Jul 14, 2016 14:03 PM

      The same goes for the GSCI Emerging Markets (EEM).

      http://schrts.co/qcYBzA

      Gold will beat the hell out of most debt but is likely to underperform most commodities for the next couple of years or more…

        Jul 14, 2016 14:05 PM

        But there’s plenty of time to get positioned.

        GYX:GOLD

        http://schrts.co/FZcoij

          CFS
          Jul 14, 2016 14:15 PM

          Yep, I pointed out the rotation into base metals a few days ago.

      Jul 14, 2016 14:09 PM

      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.

    Jul 14, 2016 14:41 PM

    ★★★★★★★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.

    Jul 14, 2016 14:18 PM

    Fantastic move up for one of my Juniors today :)…..very happy.
    Kidman Resources (ASX.KDR)
    Cheers.

      Jul 16, 2016 16:18 AM

      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.

    CFS
    Jul 15, 2016 15:14 AM

    Technical talks about stocks and gold on MacroVoices:
    http://www.kereport.com/2016/07/14/thursday-market-wrap/

    CFS
    Jul 15, 2016 15:17 AM

    Includes good discussion of oil.

    CFS
    Jul 15, 2016 15:27 AM

    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?

    CFS
    Jul 15, 2016 15:18 AM

    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.

    CFS
    Jul 15, 2016 15:22 AM

    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.

    CFS
    Jul 15, 2016 15:53 PM

    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.

    Jul 15, 2016 15:03 PM

    Bad Truck!

    Jul 16, 2016 16:37 PM

    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 !