Minimize

Welcome!

We opine on the optimism shown in the equity markets with Craig Hemke

Big Al
November 10, 2016

Click download link to listen on this device: Download Show

Perhaps the rising markets we say yesterday is really not a short term phenomenon!

Discussion
12 Comments
    Nov 10, 2016 10:32 PM

    Drain The Swamp A Con Job? Repeal of Glass Stegall wrecked the world economy. Let’s make things worse, putting the CEO of Convicted Felon Bank in charge of Treasury.

    Donald Trump advisors consider Jamie Dimon for treasury secretary:

    http://www.cnbc.com/2016/11/10/donald-trump-advisors-considered-jpmorgans-jamie-dimon-for-treasury-secretary-sources.html

      Nov 10, 2016 10:15 PM

      +1. We can’t get away from the bankers??

    Nov 10, 2016 10:49 PM

    Trump might want Jamie in the treasury, so he can put in jail with HILLY

    Nov 10, 2016 10:59 PM

    What about Golden Sacs jealousy?

    It was unclear who within Trump’s circle of advisors raised the idea or who else might be under consideration for treasury secretary. Trump campaign finance chief Steven Mnuchin, a former Goldman Sachs official, is reportedly considered to be the front runner.

    Nov 10, 2016 10:12 PM

    A2A with Andy Hoffman of Miles Franklin – Public podcast

    http://www.tfmetalsreport.com/podcast/7979/a2a-andy-hoffman-miles-franklin

    LPG
    Nov 10, 2016 10:54 PM

    Re: copper:

    China semi-gvt entities/entreprises are likely done buying copper w. the credits provided by the gvt —> pressure released on copper prices (who were likely capped in some forms as these co’s wanted to purchase a bunch).

    Everything so far playing out as expected by Simon Hunt, on his Oct 3rd interview on RealvisionTV.

    Whoever wants to understand a thing or two about macro and what’s going on in the world, I cannot recommend enough spending a few dollars and get yourself a RealvisionTV subscription. You won’t regret it at all. I suspect they might have a discount for Black Thursday.

    My 2cts.

    LPG

    Nov 10, 2016 10:36 PM

    At one time it was preached as gospel by some metals pumpers/doomers that the equity markets are destined to crash and that intetest rates could NEVER go up and that another massve QE was just days, weeks, months away.
    The big event is ALWAYS just around the corning in the coming days, weeks etc.

    The litany of things that were predicted by some turned out to be a bunch o f incessant B.S. that guys like Turd made up as he went along that fed the crowd a clear trend that they wanted to hear. He’s a bandwagon type of analyst.

    It doesn’t take a rocket scientist to see that the metals have been tied to the hip of the USD and oil and any or all other lame excuses being offered up as a means to stay relevant and try to project a sense of expertise.
    An expert would’ve advised selling near $1900/$50 for the metals and especially so IF they were convinced that blatant unstoppable manipulation by huge monied entities were determined to crush the price.
    An idiot or paid shill wouldn’t or couldn’t even conceive of advising or actually selling any metal even if a blinding sell signal or bear market was underway.
    But that would’ve been the wise and profitable play to make.
    Who can credibly deny that?

    I suppose some folks relish in doom and constantly blatant pumping…like Bill Holter or Sinclair…despite getting it wrong over and over again.

    http://www.avaresearch.com/articles/1518/Exposed-Jim-Sinclair-And-Select-Gold-Pumping-Websites.html

    Butreading Bill Holter’s recent paranoid/doomer rant that never came close to happening before the election was pathetic par for the course for thosr folks who have a vested interest in trying to pump and sell gold/silver no matter what…even in a multi-years long bear market that most everyone recognizes. I suppose the same folks who’ll believe in everything Maguire, Holter, Sinclair, Sprott others espouse and pump are somewhat incapable of unemotionally detached reactions and advice when the sky is always falling.
    Because to listen or read some folks thoughts on the inanimate object tat gold/silver etc. is you would think they were talking about some magical, larger than life sustaining Holy Grail that no one should be without…just in case everything collapses. Pure doomerville outlook.

    In the end the reality was…the USD NEVER came close to crashing, nor the UST bond market, nor did the so-called petrodollar, gold and silver are obviously not in short supply, JPM wasn’t even close to a short squeeze event, China isn’t the gold savior that some had hoped and hyped, nor is the SDR, China is JUST GETTING STARTED in their paper gold/silver derivative and futures markets (just like London/NY), the stock market didn’t completely crash thus causing some weirdly fantasized “reset”, interest rates are rising and the complete and hoped for crash and burn of Deutche Bank DIDN’T happen and the long, silly prophesized list of reasons to buy gold/silver 24/7 could go on and on etc.

    The truth is no one really knows why or whats going to happen but some will try real hard to appear that they do no matter what anyone else is saying that might conflict with their myopic one-way street perma-bullish outlook.

    http://www.pmaccountability.com/

    ~~~~~~~~~~~~~~
    “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”
    ~~~~~~~~~~~~~
    Carl Sagan

      Nov 11, 2016 11:00 AM

      To blame today’s gold price swoon on some deluded magic hand theory any time the metals would be the height of naive idiocy.
      It’s all about the USD and the smart money anticipating dollars surging into the market domestically and from abroad.

      The weak hindsight excuse making by some simply hopes to make you forget some of the more notable blown predictions of the past that had zero chance of being based in an unbiased reality.
      Let’s see how this will be explained away again and again on days like today…

      http://www.tfmetalsreport.com/comment/170246#comment-170246

        Nov 11, 2016 11:01 AM

        “…anytime the metals crash…”

    Nov 10, 2016 10:12 PM

    There’s always a capitulation move in a decline in prices, and the TLT weekly chart has seen a transit from overbought to oversold, without a moving average crossover. Another notable move was a gap-down in the TED spread, that now needs to be filled, meaning the narrowing of spreads and the treasury sell-off has to moderate to widening and treasuries bought.

    Moves in the markets post election resemble moves in a mania, or perhaps that the price high must be tested before moving down.

    I think the volatility charts were reading correctly, btw.

    http://schrts.co/ilm1CC