Remember market moves can be quickly reversed after Fed meetings
So we got the rate hike everyone predicted. We saw the US markets as well as gold and oil fall. The US dollar rose. In this market wrap we consider the fact that initial market moves following a Fed announcement have been known to reverse shortly after. Let’s all watch the follow through.
Click download link to listen on this device: Download Show
I believe! DT
That B. I had to cash out some obscene profits too early. The markets should bounce back after a small correction once the info is digested. I started buying back the oil dips as it tends to snap back suddenly which may happen at $50 which would be about a $1 drop in Uso from the premarket peak a few days ago.
If I understand the world economy; I believe this little 0.25% rate hike today will turn out to be the final straw that destroys the world economy.
I’m sure Donald Trump will not appreciate being told that fiscal stimulus is unnecessary to get the US economy growing.
I suspect, however, the higher dollar will increase the US’s existing problem with low exports. I don’t think emerging economies will like the higher dollar, which in turn makes their debt problem in borrowed dollars worse.
The Japanese people will not like the increased cost of imported grains, but their exporters will be happy.
Diss is a WAR against GOLD ! India , China , blocking chase and GOLD ! And European missery starting ! And Trump knows !
Merkel Wants to Fully Censor the Internet Claiming Putin Wants Her Defeated
WONDER IF ……this site is classified under the watch list..”usefully idiots”
Given the ideas expressed on this thread, it certainly must be targeted. If the American people allow this whole ‘fake news’ farce to get traction, they will eventually come for KER.
The cat is out of the bag ….the little people are awake
“The solution is not to authorize UNCONSTITUTIONAL US government ‘propaganda….”
“Once the public is educated,gov’t propaganda becomes a much harder sell, if not completely irrelevant.”….
We could lose another 50% on GDX. I think the big boys will push gold down now back to the 1050 breakout area… just because they can and because it will totally demoralise most of the goldbugs.
I also think we are about to see a big drop in the conventionals which will also hit the mining stocks.
A big crash now is just what is ordered / wanted by TPTB as it will stop the FED raising for a long time in 2017.
As a resolute conservative, I fervently believe in fewer rules and regulations; more freedom. Even with regard to banks, I hold this belief.
In furtherance of spreading my beliefs may I suggest folks on this site listen to:
http://www.bbc.co.uk/programmes/b01jmxqp#play
Stocks did not look good today and it’s going to get worse. Like I said yesterday…
On December 13, 2016 at 11:55 am,
Matthew says:
Stocks are very high by any rational measure, Spanky. Even bulls should be trimming based on the extreme short term overbought readings. Of course, most people prefer to buy high and sell low.
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=0&dy=13&id=p40033392705
This chart provides a truer picture of the state of things technically:
http://stockcharts.com/h-sc/ui?s=%24NYA&p=D&yr=1&mn=0&dy=13&id=p03823227423
Notice that the S&P was down more than the Dow and the NYSE and Russell 2000 were down more than the S&P. While not necessarily very meaningful, it is not bullish.
It should bounce back from 2100 to 2110 as the Trump effect is holding it up but normally the correction would be deeper.
That should say 2200 to 2210.
Major Mining Assets Change Hands After Commodity Rout
Wed Dec 14, 2016 – Factbox
Rhodium …….the new gold……up Huge $60
EX….how about some Rhodium plays….. 🙂
Oh,
Thanking you in advance for your kind consideration.
A number of PGM miners also have Rhodium exposure.
For example: check out the Rh column for Ivanhoe Mines at Platreef:
Will be interesting to see what the share price will be today….with a $60 bump
If you click on the “Reserves and Resources” link for the Platinum Group Metals Maseve Mine below, you’ll see a chart that also overviews their Rh metrics:
http://www.platinumgroupmetals.net/projects/maseve-mine/default.aspx
“Near surface” mining…..interesting..looking good..put this one on radar list
Thanks…. .. you da man
Always glad to share ideas OOTB….The BOOT….The Claw….
Yeh i saw that too Jerry. Go rhodium. At least its price stays steady for long periods of time.
Gee, silver didnt just fall out of bed, it fell through the bedroom floor
Ozi ,.l thought silver might have HELD up better…..might see $15 again
Yep $15.99……sick
I said yesterday silver was going to get hammered based on then nasty black weekly candle in Slv:GLd and I was right.
Look at the monthly PM chart for clues on targets. It is not good.
Thanks for the heads up….. I will put you on my list of “people in the know”….spanky and the gang 🙂
We are now only just over $1 from the $14 handle. I did not even consider that number as a pullback option for silver. Its a sick feeling alright Jerry
I hope you are being sarcastic. I am as clueless as the people on KWN. I am just pissed that the banksters not only got away with it, but are laughing their a$$es off and are richer than ever. Yes, I am just a bitter person. Tried to do the right thing and getting killed for it. Better to just throw in with the devil and close your eyes.
They will only laugh so long.
You have to play the regular market for easy gains. I have at least a 80 to 90% chance of a profit on a trade. I have been doing about 10 to 20 trades a day. I was thinking of getting into GDX near 15 to 16 but I may have only a 50/50 chance to make any money so I may not eve bother trying.
Diversification …..no problem with that!
See to it that no one falls short of the grace of God and that no bitter root grows up to cause trouble and defile many. Hebrews 12:15
Spanky ,..hang in there ,this sector is a long term play. When you make a good call you deserve a credit.
Wednesday Report…Precious Metals Now What?
http://www.safehaven.com/article/43282/wednesday-reportprecious-metals-now-what
There is no guaranty against poverty equal to a full time job for every man and woman. That is The Republican platform and it is what got Donald Trump elected because he understands the needs of people. Business is not doing very well as we know but Trump is an optimist. Prosperity is a sure fire issue but you must motivate people to believe. Once the people believe, the corporations will to because there is a psychology behind job creation. That is what makes Trump great and America I believe will follow. DT