This is what a bull trap looks like
Today with Rick we chat about the sharp move up in the US markets as well as the move down in gold. Rick states that the US markets could be setting up for a perfect bull trap but nothing is certain. Also for the gold while this is a fairly large move down we are not breaking any significant technical level right now.
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First you called for DOW 3000 now you are calling for DOW 19000
You are the biggest stock market bear in history watching the biggest stock bullmarket in history.
You were on the wrong side of wrongest sides
The Canadian oil sands then are an ideal training ground for autonomous haul trucks, which work best in assembly-line style operations where trucks move in a continuous production cycle. No surprise then, that Suncor (TSX:SUN) has become the first Canadian oil sands operator to test an autonomous haulage system (AHS).
The largest Canadian oil sands producer confirmed last week it has embarked on a one-year pilot project involving the use of six 400-tonne Komatsu autonomous haulers in an isolated part of Suncor’s mine site in northern Alberta.
I guess self driving trucking has started
I am sorry for your loss Bob Moriarty and your whole family
here is the website for bob moriarty http://www.321gold.com/editorials/moriarty/moriarty110716.html
Sorry to hear about that Bob M.
Condolences to your entire family.
Cheers.
Yet another in the Killary body count…
FBI Agent Suspected in Hillary Email Leaks Found Dead in Apparent Murder-Suicide
Bul trap maybe, but people were absolutely spooked out if their positions in the volatility ETFs. Just the same, the weeklt moving average crossover appears imminent in the VIX:
We’re All Hedge Funds Now, Part 4: Central Banks Become World’s Biggest Stock Speculators
John Rubino
November 7, 2016
At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable:
SNB’s U.S. Stock Holdings Hit $62.4 Billion
(Bloomberg) – The value of the Swiss National Bank’s portfolio of U.S. equities rose nearly 1 percent to a record in the three months through September on the back of rallying share prices.
The Bank of Japan’s Unstoppable Rise to Shareholder No. 1
(Bloomberg) – The Bank of Japan’s controversial march to the top of shareholder rankings in the world’s third-largest equity market is picking up pace.
Already a top-five owner of 81 companies in Japan’s Nikkei 225 Stock Average, the BOJ is on course to become the No. 1 shareholder in 55 of those firms by the end of next year, according to estimates compiled by Bloomberg from the central bank’s exchange-traded fund holdings.
Yellen says Fed purchases of stocks, corporate bonds could help in a downturn
(Reuters) – The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds, Fed Chair Janet Yellen said on Thursday.
The last 2 years the market has gone up between 240 to 270 points during the last 2 months -s&p.
So Rick you are so confident it is a bull trap and yet not confident enough to put your money where you mouth is. Enough said.
Same old same old.
You did the same thing when stocks were going down and then you were afraid to pull the trigger.