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With some big short-term moves on the horizon longer-term trends are key

Cory
September 20, 2016

To wrap up the markets I look at the Canadian Dollar, gold and silver. these charts are showing similarities with some moving averages and support zones very close to where they are trading. We need to consider that volatility has picked up and expect that the next couple days will be very volatile as well. This is the time to ignore the short term day to day moves (unless you are a day trader) and focus more on the trends that in play.

Everyone have a great rest of your day and we will be back tomorrow with coverage on the BOJ and the Fed.

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Discussion
20 Comments
    Sep 20, 2016 20:19 PM

    Core, we need a user ID and password protected fight room so when people get uppity they can go in their for verbal cage mathese. Get in there old school Batman and Robin style. Pap! Pow! Biff!

    Sep 20, 2016 20:20 PM

    That is cage matches. Stupid smart phone!

    Sep 20, 2016 20:50 PM

    AlliedNevadaFraud Update!
    September 19, 2016

    Hey everyone, quick update!

    It is now time to appeal to the 3rd Circuit
    Judge Sue L. Robinson dismissed our appeals on the grounds of equitable mootness but this fight is far from over. Sometimes in order to get something done right, you have to go straight to the top and that is what we are going to do by appealing to the 3rd Circuit.

    Controversy over equitable mootness
    It’s interesting that she dismissed our appeals based on equitable mootness because there is a huge controversy in the 3rd Circuit over whether or not this doctrine should be used in determining whether or not an appeal should be dismissed. Some of the judges actually want to get rid of the doctrine all together which is very good for our case.

    Now this case is starting to get exciting
    We all know that the real decisions (the only ones that matter) are the ones that are made by the people at the top. To put this entire process in perspective, it’s as though we have been over charged at a restaurant and we are seeking restitution. We have talked to the waiter of the restaurant (Honorable Judge Mary Walrath) and got no where, then we talked to the manager (Honorable Judge Sue L. Robinson) and she didn’t want to help us either, so now we are going straight to the big bosses. The first of which is the 3rd Ciruit, and if we are denied there, then we go to the big boss, the Supreme Court.

    Thanks so much guys for being patient and like always, we will keep you posted as things continue to unfold!

    You can download the judges dismissal of our appeals here
    http://www.ded.uscourts.gov/judges-info/opinions

    Jordan Darga

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    Sep 20, 2016 20:01 PM

    I watch the FXC ETF. FXC could get to 85.

    Sep 20, 2016 20:03 PM

    FCX alternate pattern shows going down to 65

    cfs
    Sep 20, 2016 20:34 PM

    https://m.youtube.com/watch?v=voH5Q77jzCU
    Charles Hugh Smith discusses the US economic system, and bogus statistics.
    Smith is oftwominds.com

    cfs
    Sep 20, 2016 20:50 PM

    Alternative investments, such as art, real estate, etc. recently have received mainstream attention as dropping in value.
    e.g.
    https://libertyblitzkrieg.com/2016/09/19/the-emerging-art-bubble-has-burst/
    While that may be true for some bubbles, e.g. real estate in Vancover or Toronto, or even London, it is not true for non-bubble real estate or much of the classical art market.
    I see no drop off in MidWest farm land, which is expensive, but not bubble-like; neither do I see any drop, for example, in Picasso, or Dali artwork, despite the prolific nature of those artists.
    Perhaps this is nothing less than a statement that the 1% are not hurting yet in this economy!

    cfs
    Sep 20, 2016 20:13 PM

    USAwatchdog interviews Paul Craig Roberts:

    http://usawatchdog.com/we-are-headed-for-war-paul-craig-roberts/

    cfs
    Sep 20, 2016 20:37 PM

    And now we have the typical takedown of PMs before an FOMC pronouncement.

    Sep 21, 2016 21:29 AM

    Looks like silver will not be able to exceed 20 dollars on this rise before heading back down. It could reach its peak by tomorrow but there is overhead resistance on the upper falling trend channel that is unlikely to be broken. If that resistance line holds and we see silver fall then we are heading for 18.00 even on the next cycle down (a two dollar drop peak to bottom).

    Sep 21, 2016 21:41 AM

    Gold holding
    BOJ ….leaves 10 YR bond rate @ ..”0″

      Sep 21, 2016 21:24 AM

      Gold is also going to challenge its overhead resistance at 1350 but looks like it will fail and fall back from the falling trend channel. Its next stop will be just under 1300 which, if the channel holds for any length of time will become the new resistance level. The trend is still down for now.

        Sep 21, 2016 21:14 AM

        1307….floor is in place

    Sep 21, 2016 21:47 AM

    Unfortunately we might have lost two great posters….the contribution will be truly missed.

    Sep 21, 2016 21:11 AM

    The dollar might be setting up to rally and the Cdn dollar is barely hanging on. We might be seeing another move down for oil and other commodities.

    Sep 21, 2016 21:23 AM

    To get a European perspective read this article outlining the ongoing tensions between the U.S and Europe. Gives you some background on the recent retarded fines doled out by the U.S against Deuchebank.
    http://geab.eu/en/elections-americaines-brexit-ttip-sanctions-russes-quel-avenir-pour-la-commission-europeenne-dans-la-grande-redefinition-de-la-relation-transatlantique/