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Is 103 on the U.S. dollar index the end of the rise? We don’t think so.

Big Al
December 20, 2016

Currently pegged at 103.25 on the U.S. dollar index, will we continue to see appreciation?

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Discussion
61 Comments
    Dec 20, 2016 20:58 AM

    So much for all those gold pumpers and doom and gloomers and their “the dollar will collapse” propaganda

    Yes they sold a lot of fear and a lot of coins and subscriptions along the way but they will need a new schtick now.

    War against cash. War against cash!

    That will do

      GH
      Dec 20, 2016 20:49 PM

      All you do is throw rocks and get on your high horse demanding others predict specific targets.

      We’re still waiting for any original analysis from YOU.

      I went long JNUG today. I don’t know if it’s THE bottom, but I think I can make some $ from here.

    Dec 20, 2016 20:01 PM

    Just came back from a trip on cour street in Brooklyn.

    Recession?

    Somebody ought to let those people know about it.

    The money is all over the place!

      Dec 20, 2016 20:36 PM

      Visit Seattle and try to buy real estate and have dinner in a nice restaurant!

        Dec 20, 2016 20:33 PM

        Hey Al! I live in the DC Bubble and money flows like water around here! No shortage!

          cws
          Dec 20, 2016 20:05 PM

          That sounds like a bubble to me!!!!! What the fluck

    Dec 20, 2016 20:03 PM

    Remember what Henry Gondorf said to Johnny Hooker…

    I said it so many time before but it bears repeating…

    You got to keep the con even after you take his money, he can’t know you took him!

      cws
      Dec 20, 2016 20:44 PM

      Hey James,
      all your cocky posts tells me the shit is going to hit the fan soon.
      I agree that its been great out there for years now, that is what worries me.
      Even I have locked in a great job and salary….

    Dec 20, 2016 20:04 PM

    This isn’t like outrunning a whino

      cws
      Dec 20, 2016 20:17 PM

      James the lesser!
      Duh!
      Get a life!

    Dec 20, 2016 20:34 PM

    Wow, the dollar going to 110.00 ?? I wouldn’t short the dollar, but I don’t think it’s going to go much higher. It might get to 106, but it needs to break this 103 level first.
    The next 2 to 4 weeks are going to be interesting for all these markets. So many overbought , so many over sold. Somethings going to change narrative.

      Dec 20, 2016 20:37 PM

      Completely agree Chartster!

    Dec 20, 2016 20:50 PM

    We keep hearing about all these premiums China is willing to pay for gold, $40

    This is completely meaningless!

      GH
      Dec 20, 2016 20:57 PM

      Care to elaborate?

      CFS
      Dec 20, 2016 20:11 PM

      The current premium at this minute, SGE gold relative to LBMA gold is $39.91.

    CFS
    Dec 20, 2016 20:14 PM

    Lesser James adds no signal, or actual knowledge or information, just opinion and noise.
    So much so it is getting to the point where I might stop posting.

      Dec 20, 2016 20:04 PM

      +1 it’s gotten very old.

    Dec 20, 2016 20:30 PM

    CFS,
    It´s a noisy world,just filter it out.

    Dec 20, 2016 20:34 PM

    Where is Shad today?

      Dec 21, 2016 21:24 AM

      Been a busy busy bumble bee….. Trying to make sure Santa knows I was nice – not naughty.

    Dec 20, 2016 20:37 PM

    HEY GH, I’ve been giving my macro analysis for 5 years now and have been spot on.

    Maybe you need to clean the wax out of your ears

      Dec 20, 2016 20:46 PM

      James, I don’t think GH reads with his ears.

        Dec 20, 2016 20:13 PM

        Hey doc a couple of days back it was James who said he was ‘all ears’ to which I responded he was ‘all mouth’!

        Dec 20, 2016 20:27 PM

        James, you just got the wisdom of a medical professional and no charge 🙂

        Dec 20, 2016 20:51 PM

        Haha great call Doc. One gets the feeling James likes the confrontational aspect of cyber conversation. Just an observation

      GH
      Dec 20, 2016 20:48 PM

      You may have some time back, but you haven’t lately. D. F. Drain the swamp. Swamp creatures. Does not equal macro analysis.

        GH
        Dec 20, 2016 20:51 PM

        You might start with a lucid explanation of why the arbitrage between the SGE and Comex is meaningless. Are you capable?

          Dec 20, 2016 20:48 PM

          GH: Hey thanks for mentioning JNUG. Going to keep my eye on it also. And, my real reason for posting is to relate one of my favorite quotes: “Never argue with a fool, because they will only drag you down to their level of stupidity and then beat you with their experience.” Michel de Montaigne

            GH
            Dec 20, 2016 20:59 PM

            Great quote!

            Another one: You can’t out-think a non-thinker.

    Dec 20, 2016 20:46 PM

    The US is in decline because they forgot their business plan that made them great. Control the world by economic means instead of using the military. Financial penetration is so much more effective than even propaganda.

    Take a company like Sears Roebuck they did what Amazon is now doing over 150 years ago, Sears forgot one thing online shopping, they had the distribution centers with a mail order catalogue but they abandoned their roots and business by going into brick and mortar stores. They failed to realize how far they were ahead and why their success was so great. The US could be the masters again if they have a President that makes their country wealthy again by understanding the past. Trump is so right for these times. DT

      Dec 20, 2016 20:50 PM

      To me this sums up the woes of The United States of America. DT

      Dec 20, 2016 20:55 PM

      This comment is up for moderation.

    Dec 20, 2016 20:27 PM

    SLV had an impulsive move higher this afternoon and popped through downtrend resistance as defined by the Raff regression channel. That pop happened on very good volume during the last 3 minutes of the session. The following is a 3 minute chart so non-subscribers probably can’t access it.

    http://stockcharts.com/h-sc/ui?s=SLV&p=3&yr=0&mn=0&dy=4&id=p61045873588&a=494229801

    Dec 20, 2016 20:31 PM
    Dec 20, 2016 20:38 PM

    The 600 week MA continues to support gold but I won’t be surprised if it breaks briefly.

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=7&dy=22&id=p22022606553&a=417338610

    Dec 20, 2016 20:48 PM

    I replaced all the shares of USA (and then some) that I sold last week at an average price of C$0.323. I paid 0.275 today.

    http://stockcharts.com/h-sc/ui?s=USA.TO&p=D&yr=1&mn=1&dy=0&id=p12953794384&a=475138552

    I also bought one other silver company and added to IPT and two other miners.

      Dec 20, 2016 20:10 PM

      I trimmed Amercias Silver a bit last week, and added to my Alexco, Brixton, Aurcana, and Impact Silver today. I also added to some Gold development stage companies today. Tis’ the season !

        Dec 20, 2016 20:12 PM

        I’ve been waiting to get some Excellon, but that little bugger is resilient and didn’t pull back as much as other stocks.

          Dec 20, 2016 20:42 PM

          Ex, I personally like EXN—it’s one of my largest holdings

            Dec 20, 2016 20:34 PM

            I’ve been watching it for a while now waiting for it to pull back more. When it got down to a support from prior peaks at $1.35-$1.33, I figured it would bounce and then go through it to the downside, like so many other gold and silver stocks have. It bounced and has stayed up. A great little producer.

        Dec 20, 2016 20:14 PM

        I’ve been building a position in Bayhorse Silver recently and like the release and recap of activities that came out today:

        (BHS) (KXPLF) Bayhorse Silver Major Advances During 2016
        #Silver #Development moving towards #Production
        (Newsfile Corp. – December 20, 2016) – Bayhorse Silver Inc. (TSXV: BHS)
        “Bayhorse Silver Mine: Electrical service, connection at the Bayhorse Silver Mine site by the Electrical Utility, is underway allowing commissioning and operation of the crushing and upgrading plant. To provide an upgrading benchmark for further work, we plan first to test run the 300 tons of stockpiled mineralized material left behind from the 1984 mining program.
        After comprehensive assaying and testing by Met-Solve Labs in 2014 and 2015 and 2016, as disclosed in prior news releases, the stockpile is estimated to contain an average grade of 5.28 oz/t (164.2 g/t) silver. This will provide an upgrading bench mark against which we will compare results of processing the 2,000 tons of mixed run-of-mine mineralized material that was extracted from the intermediate level workings during the latter half of 2016.”

        http://www.newsfilecorp.com/release/24207/Bayhorse-Silver-Major-Advances-During-2016#.WFnLzvke27E

      Dec 20, 2016 20:01 PM

      I sold at a little less profit and bought back in today also. I have been playing the inverse ETFs from Horizons also. Got bit by AR but made some back swing trading AZ. I’m not married to anything but my wife anymore. (;-)

        Dec 20, 2016 20:16 PM

        Luckily, I was sitting on less than 20% of my January position when it went into the low .20s recently. So I bought it all back below .24. Then it moved up more quickly than I thought it would so I sold more than I thought I would. Today, my position is larger than it’s ever been.

        The weekly “golden cross” is finally happening…

        http://stockcharts.com/h-sc/ui?s=USA.TO&p=W&yr=2&mn=7&dy=0&id=p22306213844&a=489469576

          Dec 20, 2016 20:17 PM

          Meant to type “below .25” not .24.

        Dec 20, 2016 20:45 PM

        Yep. I got stung by Argonaut as well, but actually bought more on Friday & Monday and averaged down to a larger position.

        The marketplace over-reacted to that press release with the update on the permit denial on that development project IMO. It did bounce back a bit today.

        _________________________________________________________________________

        On December 17, 2016 at 11:19 am,
        Excelsior says:

        “Honestly, I’m feeling a bit over-exposed to the Gold and Silver miners at present, but many of the trades I just made in the last few weeks are already up nicely again. The only one that just gave me a real sucker punch was Argonaut gold. I had just added back a nice-sized position in the days right before they put out that press release about their environmental permit being declined on one of their development projects. The stock really tanked on Friday, but I scooped up some more to average down, as people have really over-reacted on that one. This has been dragging out for years, and while that is an important project, it is not their primary asset, or any of the main producing mines, and they have other development projects in the pipeline that haven’t been given any value by the market yet. Most importantly, the team at Argonaut have responses to the questions/concerns on the decision, and will be responding to submit a revised permit application. This too shall pass, but I’ve been buying while there is blood in the streets……”

        __________________________________________________________________________

        As for Arizona Mining – thank goodness I didn’t have a position in it when that hit piece came out about the Manganese in their ore being a deal breaker. Most analysts have admitted that it is higher, but not a deal breaker, so it will eventually settle out; but traders are all in a kerfuffle over it. For now I’m just watching the show….

    Dec 20, 2016 20:52 PM

    SLV:GLD put in a big bullish engulfing candle today.

    http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&b=5&g=0&id=p17858946691

    Dec 20, 2016 20:00 PM

    Why the arbitrage between sge and comex is meaningless?

    Sounds like you bought hook line and sinker the gold pumpers schtick when china opens its physical gold exchange the price of gold is going to explode.
    The comex will be drained of all its gold and all the gold will go east into strong hands never to be seen again.

    Priceless.

    Knowing all that and a silver coin will get you on the express bus in NYC

      GH
      Dec 20, 2016 20:28 PM

      Look at you dodge the issue after yammering away with your big mouth.

      Your commentary is worthless.

      GH
      Dec 20, 2016 20:29 PM

      It’s the one flaw of KER–they don’t curate their comment boards. Otherwise you would be long gone.

    Dec 20, 2016 20:02 PM

    Matthew, I saw that move in silver today.

    Silver looked dead wheni left, down 30 cents, I came home and it was up 7 cents.

    Nice comeback

    Dec 20, 2016 20:28 PM

    Tomorrow it could get battered

    DOW 20k tomorrow?

    Dec 20, 2016 20:24 PM

    Those who are worried about the dollar going to 110 should keep in mind that, during the 2014 dollar run, gold quit falling when the dollar hit 87-88, not when the dollar went over 100.

    Dec 20, 2016 20:57 PM

    GH, what issue exactly am I dodging?

    I would be long gone. I happen to think I contributed a lot to KER.

    You say I should be gone.

    I say EVERYONE ON THIS BLOG WHO DENIED PRECIOUS METALS MANIPULATION SHOULD PUBLICALLY ACKNOWLEDGE THEY WERE WRONG, EITHER IGNORANTLY OR WILLFULLY.
    THEY KNOW WHO THEY ARE
    AND THEN THEY SHOULD BE GONE

      Dec 21, 2016 21:28 AM

      JTL:

      Everyone who has ever traded any market knows that all markets are manipulated. And it simply doesn’t matter. We buy and sell all the while knowing full well everyone else is trying their best to manipulate the market.

      Saying markets are manipulated is akin to saying the sun rises in the east and sets in the west. It’s perfectly true and perfectly meaningless at the same time. The chumps are the guys claiming that they just discovered gold and silver are manipulated.

      So what?

      So you just put words in people’s mouths. They are manipulated and wheels are round.

      You are a legend only in your own mind. You are a chump to everyone else.

      Have you send Al the $1000 you owe him yet for not knowing when silver hit $4?

    Dec 20, 2016 20:57 PM

    These continued price slides in pms markets tells me that gold was not in bullish waters until it cleared low $1500s. Same could be said for silver regarding $26 range. I know it seems likely that both will book a yearly gain, however is it not reasonable to assume they still remain in bear markets?