3 markets that are set up for a reversal after the Fed meeting
In our markets wrap today we take a look a three markets that we think are set up for a reversal on Fed day Wednesday. These reversal will need to be supported by a Fed statement that is not all in on the hawkish side. Take a listen and let us know what you think.
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Stock market will go significantly higher before a reversal. Lots of people are waiting for just such a reversal on the Fed announcement, therefore any correction won’t come until much higher and these folks finally throw in the towel and buy. Same with gold. It is headed lower until those hoping for a Fed bounce finally sell. Then we will probably get a meager correction <5% in the stock market and gold, as bonds are allowed to recover thief long term bull trend.
The BoJ has offered a money back guarantee on the stock market. I am pretty sure they are good for it.
This Harry Dent guy who is all over the news in recent days warning of a huge 1929-like crash in the coming year – is he any good or is he just selling a book?
Ah, some guy on CNBC asks him if he is just selling a book.
http://www.cnbc.com/2016/12/10/economist-harry-dent-says-dow-could-plunge-17000-points.html
This fool has been calling for 3000 Dow for a long time and the Dow keeps rising and he has been calling for a real estate crash for a long time too.
If Dent is so confident he should have been shorting the market as it kept going up. He has to sell subscriptions to make money and his emails start calling for crashes each time the market drops only a percent. I keep getting tons of emails in each correction and then we shoot up sharply.
I keeping making fat finger trades and ended up selling my Intel by entering a price far below market. Sometimes I have done that in the after market and dropped the stock price down quickly as there is no liquidity. Oil is about ready to lift off again.
UVXY keeps climbing what say you experts?
Good luck. Tough trade and I’m certainly no expert. You would likely have to guess right on what the FED is going to do on Wednesday and what their minutes are going to say regarding forward guidance. Then make a nearly perfect exit. Many have tried, few have succeeded.
http://www.thefiscaltimes.com/Columns/2016/12/12/Two-Factors-Threatening-Market-s-Trump-Rally
Very well put, Steele.
I tried recently, and got burned.
uranium on Palisade radio
The Narrative Changes: Republicans “Pour Cold Water” On Trump’s Massive Stimulus, Will Block Tax Cuts
The driving catalyst behind the furious market rally since the presidential election has been the market’s hope that Trump will unleash a “huge”, still undetermined, debt-funded financial stimulus package, which will grease the volatile handover from monetary to fiscal policy, boosting inflation and rerating risk assets higher. Indeed, the market was so transfixed by this hope, that it has so far ignored all warning signs, duly noted previously on this website.
Problems occur in India’s Axis Bank, one of the major importers of gold into India.
“Trumps debt-funded financial stimulus package” Does anyone else see a problem with that statement… and no it aint the word Trump. Something to do with a $20 trillion figure???
Of course, only an idiot would dream of trying solving a debt problem.
But that is his standard operating procedure, which incidentally has caused a company of his to declare bankruptcy no fewer than six times.
This time it will probably bankrupt the US and some other countries.
oops…..
Omitted “by increasing debt” after “problem” in first sentence above.
I fully agree about the idiocy of piling debt on debt CFS.
But hasn’t it come down to that or a hard default that will be cataclysmic in scope at this point? Which was probably planned all along by those who created the Fed.
When you are on the wrong road, do you keep on going, or do you stop and consider turning around?
Politicians have always placed being elected above “doing the right thing”
Even in the day of Charles Dickens it was recognized that a family could not long sustain a lifestyle based on perpetual debt. The difference between a family and a county is the ability to print money, not the fact that eventually all debts are paid.
I don’t disagree. I’m just pointing out that the US and much of the world are between a rock and a hard place.
Doing the right thing. I figure the plan is more likely to be that those who created this problem will now use it to herd us toward their preferred solution, which is unlikely to have anything to do with the right thing.
A discussion of Silver Manipulation by DeutscheBank:
https://www.youtube.com/watch?v=F1rKu7wvIXc
Well, it looks like production won’t start until the new year for ole’ Mexus.
Still they are moving right along…..
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$MXSG Mexus Gold gives an update on progress at the Santa Elena mine
12/12/2016
December 12th, 2016 (GLOBE NEWSWIRE) — “Mexus Gold US (OTCQB:MXSG) and its JV partner MarMar determined in November that a Merrill Crowe plant would be the best recovery system at the expanded Santa Elena mine. The Merrill Crowe plant to be used was loaded and shipped from Walnut Grove, CA. The plant cleared customs on December 8th and will arrive at the mine site December 12th. As previously stated the assembly of the plant is not complicated and should be fully operational in January 2017. The added time and effort to import a Merrill Crowe plant will be well worth it in terms of #production.”
Irving Resources Samples High-Grades at its Omui Gold-Silver Project, Hokkaido, Japan
(Marketwired – Dec. 13, 2016) – Irving Resources Inc. (CSE:IRV)
Thanks again for the heads up Bob M.
China’s average annual copper demand growth in 2016-20 seen at 2-2.5%
Hong Kong (Platts)–12 Dec 2016
Ferrous scrap prices rise, compounding Turkish economic woes
London (Platts)–13 Dec 2016
A Perfectly-Timed Opportunity and a Deep-Value Contrarian Speculation
Timing is Epic – ~Zinc
“There’s no doubt that #Zinc is currently the most attractive #BaseMetal investment out there – It’s almost a fairy-tale story….”
http://us13.campaign-archive2.com/?u=18a68f31fc23a087b7c63f15d&id=b34814a30b&e=03e4d5c53f
Canada’s Kirkland Lake halts gold mine in Australia, leaves up to 150 jobless
Cecilia Jamasmie | about 4 hours ago
http://www.mining.com/canadas-kirkland-lake-halts-gold-mine-in-australia-leaves-up-to-150-jobless/
$AEM Agnico Eagle buys into Yukon’s White Gold district Canadian gold miner $GGC purchased 19.3% stake in thousands of mining claims originally owned by renowned Yukon prospector Shawn RyanAndrew Topf | about 13 hours ago
http://www.mining.com/agnico-eagle-buys-yukons-white-gold-district/
G4G Capital Corp. (to be renamed White Gold Corp.) Announces Strategic Investment by Agnico Eagle and Private Placement
TORONTO, ONTARIO–(Marketwired – Dec. 5, 2016)
The Next Bull Market Move Interview – Jordan Roy-Byrne at The Daily Gold.
“Joining us today at The Next Bull Market Move is Jordan Roy-Bryne from The Daily Gold. I have been a reader and long time subscriber of Jordan’s work and in my opinion he provides some of the best research and analysis out there. Enjoy.”
Balmoral drills 78.17 m of 1.65 g/t Au at Martiniere
2016-12-12 07:44 ET – News Release
Mr. Darin Wagner reports
BALMORAL INTERSECTS 78.15 METRES GRADING 1.65 G/T GOLD, INCLUDING 17.00 METRES GRADING 4.50 G/T GOLD, AS BUG SOUTH DEPOSIT CONTINUES TO EXPAND, MARTINIERE PROPERTY, QUEBEC.
Balmoral Resources, An Undervalued Gold/Nickel Opportunity For 2017
Dec. 9, 2016
More on Silver fixing Scandal.
Until Comex is gone,nothing will happen
alex jones reporter on US.
https://www.youtube.com/watch?v=_3EgJ7nIC0M&feature=youtu.be
39 days to go ….no.1 moron will be gone
Obviously excelsior is finally going full bore with promotion of company.along with yesterday’s seeking alpha plug there was this too on AME
http://usa.amegroup.com/website/domains/dailyannouncements.aspx
Gunnison (Cu): Excelsior Completes Feasibility Study for Gunnison In-situ Leach Project
12-Dec-2016
Excelsior Mining has competed a feasibility study on the Gunnison copper project in Arizona, US. The project is an in-situ recovery mine using solvent extraction and electrowinning. A staged production profile is planned, starting at 11ktpa of copper cathode, increasing to 34ktpa in year four, and 57ktpa in year seven, with a mine life of 24 years. Initial capital costs of US$46.9m include US$14.6m for the production well field and US$26.8m for upgrades to existing SX/EW facilities at the Johnson Mine Camp and related infrastructure. The permitting process is yet to be completed. Excelsior is aiming to achieve commercial production in 2018.
Read more at http://www.stockhouse.com/companies/bullboard/v.min/excelsior-mining-corp?postid=25590587#I0Km1hih8MQ2AUQM.99
full steam ahead!
CFS, its scary to think that companies under his watch went bankrupt, what happen to a country under his watch??? Mind you, when a country finds it impossible to repay their debt, that would constitute a bankruptcy inadvertently would it not?
British investor Jim Mellon tweeted overnight that he thinks the US melt-up in stocks is coming to an end. Bullish on pprecious metals.
@jimmhk.