Why this move in gold to start the year is different than last year
I kick off today with Chris Temple and a quick discussion on the precious metals moves now that gold is back above the $1,209 resistance level. Chris thinks this move in gold is more a play on weakness in the US markets over dollar weakness but they do seem to go hand in hand.
For everyone who is attending the Vancouver Resource Investment Conference today please swing by booth 1105 and say hi!
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Thanks Chris……good read …Trumponomics………best thing said……”Abolish the Fed”
Yes, very informative and interesting thoughts & info. This is one of Chris’s commentaries that I am going to have to listen to a few more times.
I am not convinced by today’s rise in gold and silver – think that there is a C wave still to come… but, after that, I think everything Chris said about the economy, the penny dropping and then gold, um, shining will take place.
this is like watching a one arm paper hanger, on a 10 foot ladder……
Ha ha ha! Very good.
People forget that when George Bush Jnr got elected the first 6 or 7 months of his regime were very confrontational with China.
There was lots of sailing of warships in the South China Sea and flying of recon aircraft above it. There were several skirmishs with Chinese Air Force jets flying close to the US planes.
If you remember, there was a collision resulting in a US EP3 having to do an emergency landing in China and the crew hurriedly smashing all the surveillance equipment inside with Chinese troops standing outside.
Then 911 happened and the focus changed completely.
regime = presidency.
(maybe I was right first time 😉 )
From a cynical point of view, this show is in both militaries’ interests, as it justifies their existence and budget.
Good point, GH
Matt or Doc or Ex,
it looks like K92 (TSX:KNT) could soon attack the 200 day MA. Am I right or does it need more “rest”? That would be a quick 30% move. Those Bollingers sure look tight!
The chart looks great to me.
Hi confused, I got back to you under the weekend show.
Matt,
thanks for that.
U308 company up strongly today.
Volume is dead though….
You are correct, sir. Volume is not good.
But it did have a golden cross a few days ago.
Thanks
I wouldn’t worry about the volume. I think the motivated sellers are mostly out and most buyers are just waiting for a sign.
Matthew,
Do you think that EFR.TO could pullback to 2.50-2.60,or was Jan 18 all we got?
Based on both the daily and weekly charts, it looks like it still wants to go higher before taking a break, but I wouldn’t rule out a significant pullback when it finally does run out of steam.
http://stockcharts.com/h-sc/ui?s=EFR.TO&p=D&b=5&g=0&id=p43986156068
It looks really good:
http://stockcharts.com/h-sc/ui?s=EFR.TO&p=W&yr=3&mn=7&dy=22&id=p08799112167&a=478585300
Disclosure: I do not own it.
Thank you Matthew,much appreciated as always.
Thanks, Matthew.
Disclosure: I do own Energy Fuels.
I also own Goviex, which has tremendous potential.
(But more risky a stock)
Trump Moves To Pull US Out Of Pacific-Rim Trade Deal
By JULIE PACE and JILL COLVIN – Associated Press – 18 minutes ago
WASHINGTON (AP) — President Donald Trump moved to pull the United States out of the proposed Trans-Pacific Partnership trade pact Monday, fulfilling a campaign promise as he began his first full week in office.
“Great thing for the American worker that we just did,” Trump said as he signed a notice in the Oval Office.
The president also signed memorandums freezing most federal government hiring, though he noted an exception for the military, and reinstating a ban on providing federal money to international groups that perform abortions or provide information on the option. The regulation, known as the “Mexico City Policy,” has been a political volleyball, instituted by Republican administrations and rescinded by Democratic ones since 1984.
I read a very interesting article last year that basically theorised that if the US is going to go to war with China then now is the time to do it militarily.
The article theorised that if you hit China now then – the article assumed that the US would win – it would put the US in the same position in the world economically and militarily as it was in 1945.
Scary thoughts.
Yes — and that was my core point that the “deep state” might want to knock China back down a few pegs before it’s too late
I think I need to buy some gold.
Seems to me that this move by Trump actually is a good one, not just for Americans, but for the world.
I could be wrong, but my understanding was that this trade deal, the details of which were highly secret, would have yet more firmly entrenched corporate global governance.
I’d be interested in other points of view.
Yes, you are correct. Hence why it is very suspicious that so-called socialist leaders in the EU were so keen on it. The deal would have given corporates far greater reach and power with less protection for workers in Europe.
It was an Obama effort towards globalization, implying a drop of the US standard of living to the average of other countries eventually.
Obama hated America and was a Marxist.
If ANY treaty is good for America it should be printed in public and approved by Congress.
Dissolving TPP and NAFTA is a great thing for America. TPP gave corporations more rights than the people. The oligarchs that own the top global corporations just took an uppercut to the chin as a result of Trumps EO.
Chartster,,,,uppercut to the chin..i like it…now lets hope he follows it up with a knee to the groin.
Refuse to chase Brixton …..which means no one is selling to me.😡😡😡
Gold may start correcting soon in February while the stock market starts a new leg up to 2300 or so and another small dip from there.
European banks are not looking good. Will need more propping up.
The US stock market is over-priced by any rational measure.
The greater fool theory is foolish.