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A focus on the USD

Cory
January 26, 2017

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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Discussion
37 Comments
    Jan 26, 2017 26:45 AM

    ENTIRE Senior management team at the State Dept……just resigned…….zerohedge.

      Jan 26, 2017 26:46 AM

      Heck , they were going to get fired anyway……….

      CFS
      Jan 27, 2017 27:47 AM

      No. They were fired.

        Jan 27, 2017 27:35 AM

        as I said , they were going to get fired anyway………

    Jan 26, 2017 26:54 AM

    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

    https://www.youtube.com/watch?v=-lr8JG-m9_M

      Jan 26, 2017 26:05 AM

      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.

      https://www.youtube.com/watch?v=ZTF3G-awehE

        Jan 26, 2017 26:11 PM

        (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

      Jan 26, 2017 26:29 AM

      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.”

      https://www.youtube.com/watch?v=0gReIOt55hA

      Jan 26, 2017 26:32 PM

      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.”

      http://cdn.ceo.ca/1c8km74-IMG_5202.JPG

        Jan 26, 2017 26:34 PM

        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…..

          Jan 26, 2017 26:54 PM

          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?

    CFS
    Jan 26, 2017 26:18 AM

    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.

      Jan 26, 2017 26:13 PM

      Just look at the RSI ALONE IN THE LAST 2 cycles. 90RSIs don’t hang around very long in materials

    CFS
    Jan 26, 2017 26:36 AM

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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.

    CFS
    Jan 26, 2017 26:39 AM

    apoligies…..
    running three computer screens simultaneously…supposed to be independent!

    CFS
    Jan 26, 2017 26:26 PM

    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.

    Tom
    Jan 26, 2017 26:31 PM

    Think I’ll get long the VIX tomorrow

      Jan 26, 2017 26:15 PM

      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.

    Jan 26, 2017 26:35 PM
      Jan 26, 2017 26:38 PM

      Issy Madeleine not to bright

      Jan 26, 2017 26:38 PM

      She did’ent just got hit with the ugly stick….the whole fecking tree fell on her.

        Jan 26, 2017 26:20 PM

        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?

      Jan 26, 2017 26:10 PM

      I expect Obama to register as a muslim too and come out of the closet.

    CFS
    Jan 26, 2017 26:22 PM

    He never went into the closet; just the White House, and thank goodness he just came out of that!

    Jan 26, 2017 26:30 PM

    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

      Jan 26, 2017 26:51 PM

      don’t get political on us……….. 🙂

        Jan 26, 2017 26:54 PM

        remember we are only paying you to report mining info………

          Jan 26, 2017 26:05 PM

          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.”

          https://www.gmvminerals.com/

            Jan 26, 2017 26:08 PM

            good one……….

            Jan 26, 2017 26:10 PM

            don’t forget to mark em up 20%…..has to be carry trade here somewhere……

            Jan 27, 2017 27:09 AM

            +20

    Jan 26, 2017 26:23 PM

    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”.

      Jan 27, 2017 27:37 AM

      they have been ticked since, Ismael got short changed, or so they thought……

        Jan 27, 2017 27:40 AM

        Radical Muslim……vs, the princes of Ismael……