Daily Market Wrap – Mon 12 Dec, 2016

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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Featuring:
Chris TempleCory FleckAl Korelin
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Comments:
  1. On December 12, 2016 at 2:26 pm,
    Bob UK says:

    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.

  2. On December 12, 2016 at 2:48 pm,
    spanky says:

    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.

  3. On December 12, 2016 at 2:50 pm,
    spanky says:

    The BoJ has offered a money back guarantee on the stock market. I am pretty sure they are good for it.

  4. On December 12, 2016 at 2:53 pm,
    Bob UK says:

    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?

    • On December 12, 2016 at 2:55 pm,
      Bob UK says:

      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

    • On December 12, 2016 at 3:13 pm,
      Paul L. says:

      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.

    • On December 12, 2016 at 3:43 pm,
      Paul L. says:

      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.

  5. On December 12, 2016 at 3:16 pm,
    Paul L. says:

    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.

  6. On December 12, 2016 at 3:18 pm,
    Jason Weishaupt says:

    UVXY keeps climbing what say you experts?

    • On December 12, 2016 at 5:11 pm,
      Steele says:

      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

      • On December 13, 2016 at 6:12 am,
        GH says:

        Very well put, Steele.

        I tried recently, and got burned.

  7. On December 12, 2016 at 5:02 pm,
    CFS says:
  8. On December 12, 2016 at 6:34 pm,
    Markedtofuture says:

    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.

    http://www.zerohedge.com/news/2016-12-12/narrative-changes-republicans-pour-cold-water-trumps-massive-stimulus-block-tax-cuts

  9. On December 12, 2016 at 7:08 pm,
    CFS says:

    http://in.reuters.com/article/india-gold-axis-bank-idINKBN141106?feedType=RSS&feedName=globalCoverage2&google_editors_picks=true

    Problems occur in India’s Axis Bank, one of the major importers of gold into India.

  10. On December 13, 2016 at 3:11 am,
    Ozibatla says:

    “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???

    • On December 13, 2016 at 5:23 am,
      CFS says:

      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.

      • On December 13, 2016 at 5:28 am,
        CFS says:

        oops…..

        Omitted “by increasing debt” after “problem” in first sentence above.

      • On December 13, 2016 at 6:15 am,
        GH says:

        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.

        • On December 13, 2016 at 7:30 am,
          CFS says:

          When you are on the wrong road, do you keep on going, or do you stop and consider turning around?

          • On December 13, 2016 at 7:44 am,
            CFS says:

            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.

          • On December 13, 2016 at 4:23 pm,
            GH says:

            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.

  11. On December 13, 2016 at 5:14 am,
    CFS says:

    A discussion of Silver Manipulation by DeutscheBank:
    https://www.youtube.com/watch?v=F1rKu7wvIXc

  12. On December 13, 2016 at 6:30 am,
    Excelsior says:

    Well, it looks like production won’t start until the new year for ole’ Mexus.

    Still they are moving right along…..
    ___________________________________________________________________________

    $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.”

    http://www.mexusgoldus.com/news.php

  13. On December 13, 2016 at 7:03 am,
    Excelsior says:

    Irving Resources Samples High-Grades at its Omui Gold-Silver Project, Hokkaido, Japan
    (Marketwired – Dec. 13, 2016) – Irving Resources Inc. (CSE:IRV)

    http://www.marketwired.com/press-release/irving-resources-samples-high-grades-at-its-omui-gold-silver-project-hokkaido-japan-cse-irv-2182794.htm

    • On December 13, 2016 at 8:16 am,
      Excelsior says:

      Thanks again for the heads up Bob M.

  14. On December 13, 2016 at 7:06 am,
    Excelsior says:
  15. On December 13, 2016 at 7:10 am,
    Excelsior says:

    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/

  16. On December 13, 2016 at 7:20 am,
    Excelsior says:

    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.”

    http://thenextbullmarketmove.tumblr.com/

  17. On December 13, 2016 at 7:51 am,
    CFS says:

    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.

  18. On December 13, 2016 at 7:54 am,
    CFS says:
    • On December 13, 2016 at 8:53 am,
      OOTB Jerry says:

      Until Comex is gone,nothing will happen

  19. On December 13, 2016 at 8:41 am,
    CFS says:
  20. On December 13, 2016 at 8:46 am,
    OOTB Jerry says:

    39 days to go ….no.1 moron will be gone

  21. On December 13, 2016 at 9:33 am,
    wolfster says:

    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

    • On December 13, 2016 at 12:06 pm,
      Excelsior says:

      full steam ahead!

  22. On December 13, 2016 at 2:50 pm,
    Ozibatla says:

    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?