A focus on the USD
Today with Doc we shift away from all the chat about precious metals and take a look at the US Dollar. With the recent sell off over 5 weeks the dollar recently broke the 100 level on the dollar index. While we do not see the dollar screaming higher we also do not see this breakdown continuing for a prolonged period of time.
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Heck , they were going to get fired anyway……….
No. They were fired.
as I said , they were going to get fired anyway………
Gwen Preston – “Recap of Companies I Follow”
MIF – Metals Investor Forum – January 2017: @Resourcemaven
$ADZ $ERD $EMX $PLY $TXR $AUG $ER $PLG $CGT $ICG $NXE $UEC $NSUNevsun Resources Ltd $R
MIF January 2017: Joe Mazumdar – “Entering the Twilight Zone: Where to Put my $$$?”
Jan 23, 2017
Joe Mazumdar, Co-Editor of Exploration Insights, discusses investment strategies.
(RCG) Resource Capital Gold Corp Files on SEDAR Its Completed PEA on the Dufferin Gold Project
January 26, 2017
“The PEA was completed by MineTech International Ltd. of Halifax, Nova Scotia, and Global Mineral Resource Services of Vancouver, British Columbia and conforms to the previously announced resource estimate and economic results, with the production of 216,050 ounces of gold during a 10-year mine life, and a pre-tax IRR of 158%.Dufferin carries in the PEA a pre-tax net present value of CAD$121,100,000 at a 5% discount rate, with an after tax IRR and NPV of 121% and CAD$89,200,000, respectively.
“This positive PEA is a major milestone in the Company’s plans to consolidate near-term precious-metals production,” said RCG’s CEO George Young. “The Dufferin project offers the opportunity for relatively lower-risk growth through our more than doubling of the project’s resources, acquisition of adjacent property, and a 4x multiple of the project’s NPV over previous analyses. We are very pleased with the PEA results and look forward to quickly advancing the project, as well as the filing of PEA’s on our Tangier and Forest Hill projects in early 2017.”
http://www.rcgcorp.ca/news/2017/rcg-files-on-sedar-its-completed-pea-on-the-dufferin-gold-project
MIF January 2017: Gwen Preston – “Rational Gold. Confident Zinc”
Published on Jan 23, 2017
“Gwen Preston, editor of Resource Maven, comments on rational Gold, confident Zinc, and the anticipated move in Uranium.”
Good post from Goldfinger today:
@Goldfinger – “In 7 out of 8 instances in the last ten years the market has fallen over the following month.”
I added a little bit more UVXY to my collection today, as the the VIX is down at 10.66.
The DOW 20,000 parties have the traders a bit too complacent me thinks…..
2017 Is Shaping Up as a Volatile Year for Markets
The pound is more volatile than the hog.
by Eric Lam and Will Davies – January 26, 2017
“The world’s most famous measure of volatility in financial markets is flashing a sign akin to boredom — languishing around levels that prevailed before the global crisis.”
“Problem is, the VIX is tied to the U.S. S&P 500 index. Take a step back to look at the global picture, and the early days of 2017 are showing elevated jumpiness similar to that seen in the past two years. ”
https://www.bloomberg.com/news/articles/2017-01-26/2017-is-shaping-up-as-a-volatile-year-for-markets?
http://stockcharts.com/h-sc/ui?s=CHIM
I wish I could do TA.
I just sold at $16…..darn it.
I succumbed toall the negative press China has been getting recently, even though my fundamentals analysis says they will stimulate for a long while.
Just look at the RSI ALONE IN THE LAST 2 cycles. 90RSIs don’t hang around very long in materials
10
12
2
4
Gold
1,189.0
-8.8 (-0.73%)
12
6
12
6
12
Crude Oil
53.77
+1.02 (+1.93%)
6
12
6
12
Corn
363-6s
-2-4 (-0.68%)
6
12
6
12
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Today’s Futures Price Surprises Full List
Symbol Contract Name Last Change %Chg High Low Std Dev Time Links
Trending Up
MWH17
Spring Wheat (Mar ’17)
566-0
+8-4
+1.52%
568-4
557-4
+1.29
13:24 CT
QAH17
Crude Oil Brent (F) (Mar ’17)
56.22
+1.14
+2.07%
56.55
55.21
+1.26
13:24 CT
CLH17
Crude Oil WTI (Mar ’17)
53.78
+1.03
+1.95%
54.06
52.79
+1.20
13:25 CT
HOH17
ULSD NY Harbor (Mar ’17)
1.6573
+0.0281
+1.72%
1.6706
1.6300
+1.13
13:25 CT
ZKG17
Ethanol Futures (Feb ’17)
1.461
+0.020
+1.39%
1.461
1.425
+0.94
12:46 CT
Trending Down
R6H17
Russian Ruble (Mar ’17)
0.016375
-0.000235
-1.41%
0.016650
0.016330
-2.02
13:19 CT
GFH17
Feeder Cattle (Mar ’17)
127.100s
-2.750
-2.12%
129.600
126.275
-1.81
01/26/17
HEG17
Lean Hogs (Feb ’17)
65.850s
-1.675
-2.48%
68.000
65.250
-1.54
01/26/17
ZLH17
Soybean Oil (Mar ’17)
34.47s
-0.40
-1.15%
35.00
34.11
-1.49
01/26/17
CCH17
Cocoa (Mar ’17)
2,132.00s
-60.00
-2.74%
2,187.00
2,124.00
-1.27
01/26/17
Today’s ETFs Price Surprises Full List
Symbol Name Last Change %Chg High Low Std Dev Time Links
Trending Up
IGHG
Investment Grade-Interest Rate Proshares
76.25
+0.43
+0.56%
76.27
76.06
+2.54
13:36 ET
IPKW
PS International Buyback Achievers
30.13
+0.42
+1.41%
30.24
29.99
+2.50
14:14 ET
DXJF
Wisdomtree Japan Hedged Financi
24.86
+0.82
+3.41%
24.94
24.85
+2.23
14:18 ET
IMLP
Ipath S&P MLP ETN
21.81
+0.32
+1.49%
21.81
21.57
+1.82
12:26 ET
JETS
U.S. Global Jets ETF
28.94
+0.52
+1.83%
29.13
28.49
+1.69
14:15 ET
Trending Down
YYY
Yieldshares High Income ETF
18.83
-0.01
-0.05%
18.85
18.81
-3.05
14:05 ET
FDIV
First Trust ETF IV
50.26
-0.51
-1.00%
51.35
50.25
-2.29
14:09 ET
MOO
Agribusiness ETF Market Vectors
53.72
-0.75
-1.38%
53.95
53.63
-2.21
14:22 ET
BSJH
2017 HY C Bd ETF Bulletshares Guggenheim
25.80
-0.05
-0.19%
25.85
25.78
-2.03
14:15 ET
EWN
Netherlands Invstbl Mkt Idx MSCI Ishares
24.81
-0.25
-1.00%
24.83
24.73
-2.00
14:19 ET
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Mexican President Cancels Planned DC Meeting With Trump
By MARK STEVENSON – Associated Press – 1 hour ago.
MEXICO CITY (AP) — Mexican President Enrique Pena Nieto on Thursday canceled a planned Jan. 31 meeting with President Donald J. Trump, hours after Trump tweeted that the meeting should be scrapped if Mexico won’t pay for a border wall.
Pena Nieto’s message on Twitter ended days of uncertainty about how he would respond to Trump’s aggressive stance toward the country, and illustrated the challenges world leaders are likely to face in dealing with Trump’s voluble, Twitter-based diplomacy.
apoligies…..
running three computer screens simultaneously…supposed to be independent!
apologies again.
I know folks are saying the dollar should go up because the rest of the world is in a mess.
But I find that difficult to buy. Sure, the world is in a mess, but the U.S. is in a much bigger mess, as I see it.
I believe the Federal Reserve is in an impossible catch 22.
It must refinance debt……so that implies higher interest rates.
On the other hand, it can’t let interest rates rise, because the debt is humongous. It cannot afford to pay higher interest.
Thus, I believe, monetization will increase and that implies a dying dollar.
The rate of the death of the dollar depends on how able the Fed is to collude with other national banks.
Since other national banks almost all WANT to increase their money printing, I suspect they will be able to collude much longer than anyone suspects.
Thus it makes most sense to me that the bond market will slowly go down (not precipitously).
The money coming out of the bond market may go into the general market, but not quickly, and it may go into commodities, but again not quickly.
Think I’ll get long the VIX tomorrow
Safer to short the market as the vix etf’s are unpredictable. Financials have been in a bubble the last time I checked many days ago. XLF short if there is one could be good.
Soros twin sister just spoke………..
http://www.zerohedge.com/news/2017-01-26/madeleine-albright-i-am-ready-register-muslim
Issy Madeleine not to bright
She did’ent just got hit with the ugly stick….the whole fecking tree fell on her.
IrishT – We have a special outing planned with you for when we pull our mining profits in a few years involving racing ATVs, bear meat, Moosehead & Guiness beers…..
Are you game?
Oh yeah – that won’t make any sense unless you go read the blog on the KER Rick Ackerman interview earlier today:
http://www.kereport.com/2017/01/26/commentary-silver-driving-markets/
EX…You should know me by now….I’m up for anyting……illegal….haha.
I figured as much 😮
I expect Obama to register as a muslim too and come out of the closet.
He never went into the closet; just the White House, and thank goodness he just came out of that!
And it has begun…… A proposed 20% tax on Mexican imports to pay for the Wall
uh-oh…..
_______________________________________________________________________
Mexican president cancels planned DC meeting with Trump
Mark Stevenson, Associated Press – January 26, 2017
“Trump also claimed that calling off the meeting was a mutual decision and floated a new possible threat to Mexico, which sends about 80 percent of its exports to the U.S. and which has vowed not to pay for a wall.
“We’re working on a tax reform bill that will reduce our trade deficit, increase American exports and will generate revenue from Mexico that will pay for the wall, if we decide to go that route,” Trump said.
His spokesman later said Trump was calling for a 20 percent tax on imports to pay for the southern wall.
He has also pledged to renegotiate the North American Free Trade Agreement with Mexico and Canada….”
https://www.yahoo.com/finance/news/mexican-president-says-not-attend-170038112.html
don’t get political on us……….. 🙂
remember we are only paying you to report mining info………
Yes, of course….. I went out and mined every company making sombreros that I could. Exploring for Hat Gold…….
________________________________________________________________________
GMV Minerals Inc. is a junior gold development company focused on the Mexican Hat project, located in southeast Arizona (100% interest).
The Mexican Hat property, one of the most promising gold development opportunities in the western USA, is an epithermal gold deposit extensively explored by Placer Dome (USA) in the early 1990’s. Mexican Hat contains an Inferred Mineral Resource of 531,400 troy ounces of gold (23,452,000 tonnes grading 0.70 g/t Au). Mineralization is open in all directions and at depth.”
good one……….
don’t forget to mark em up 20%…..has to be carry trade here somewhere……
+20
Trump is right. The Muslim countries will always be angry no matter what the US does but they don’t mind moving to the US to gain economic benefits and welfare while chanting “death to America”.
they have been ticked since, Ismael got short changed, or so they thought……
Radical Muslim……vs, the princes of Ismael……
ENTIRE Senior management team at the State Dept……just resigned…….zerohedge.