Don’t fight the trends in place since July!
Today with Rick Ackerman we discuss the US markets and gold. The overall fact is that some significant trends have been in place since mid summer. These trends will change but when?
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Nice to hear from you James. I have been a bit amiss regarding my participation here. Many things going on!
This is 100% yen carry trade driven. The trend will not stop until the BoJ backs off, but why should they as the Nikkei and Dow head to the moon and commodities are down to flat, at best.
Thanks everyone. Always appreciate your well-considered ideas.
Thank you Rand!
The Obaminator continues:
Obama Expected To Bar Drilling In Swaths Of Atlantic, Arctic
By KEVIN FREKING – Associated Press – 3 minutes ago
HONOLULU (AP) — President Barack Obama is expected to order wide swaths of the Atlantic and Arctic oceans placed permanently off-limits for oil drilling, in an 11th-hour push for environmental protection before he leaves office.
That’s according to people briefed on the administration’s plan who requested anonymity to discuss the decision before an announcement, which they expect Tuesday.
The question CFS is will that stick if it actually happens!
Al,
Great to hear from you too!
Welcome back.
You missed a lot of fireworks on the blog!
Just trying to keep it lively!
Bought 40% back of PVG @ $6.83
Bought 40% back of FSM @ $5.10
Bought 40% back of EXK @ $3.26
ASM getting dragged down. I averaged down today with a $250 purchase on top of my $1000 position. Will sell early tomorrow depending on movement. More than 5 cents down and I will be stuck with those new shares. Current average is 1.49.
I had to do some heavy buying in the pre-market before stocks took off at the open.. Bought my At&t 4k shares back for only 4 cents more and it took right after the open. Took big profits yesterday.
Seems that at the beginning of January the market seems to run out of buyers. Buyers maybe still with hangovers from the holidays have trouble hitting the buy button or the profits are just too massive to pass up by cashing out.
Rick,
Do we get to your $850 gold call, maybe even your $670 gold call?
Do we see DOW 40k in a year or two?
Will BITCOIN be 2k in the next few months?
Will silver get to $4?
Will gold and silver investors (like horseplayers) die broke?
These and other questions must be answered for 2017