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Should we be expecting fireworks for the markets in February?

Cory
February 3, 2017

In my conversation with Doc today we discuss a number of different markets with a forward look to what it all means for February. The Dow at over 20,000 is reviewed as well as gold trading today between 1,210 and 1,220. We also look at GDX which is putting in its 7th straight up week.

Click download link to listen on this device: Download Show

Discussion
54 Comments
    CFS
    Feb 03, 2017 03:40 AM
      Tad
      Feb 03, 2017 03:00 PM

      That’s a good interview CFS.
      We just need to club together and find that $2B Rick was talking about 😉

      Feb 04, 2017 04:12 AM

      Thanks, but that interview is from February 2014. Here’s the original: https://www.youtube.com/watch?v=R1IwzzEJF8o

    CFS
    Feb 03, 2017 03:42 AM

    And I though McCain and Lindsey were senile.

    But I was wrong. They are simply BOUGHT.

    https://www.youtube.com/watch?v=e_NxAmQOJmo

      Feb 03, 2017 03:58 AM

      warmongers……….both should be in jail……..

    Feb 03, 2017 03:53 AM

    Things to consider next week
    New rule change on DODD FRANK….
    Silver rigging charges against JPM….

      b
      Feb 03, 2017 03:17 PM

      charges dont really mean much, they simply pay the fine.

        Feb 03, 2017 03:27 PM

        the lower court decision was thrown out by the appeals court, this is moving up the channel …..fines and jail time might be in order this time , in the new trump administration. We wait and see, for the next 90 days to expire and see how the new members fold into place. We will have the same old bull, or there will be a complete change of Law and order. The nation will be over , or we will get a restart….we will see.

          Feb 03, 2017 03:37 PM

          if you want to read the article , it is at zerohedge……

          Feb 03, 2017 03:43 PM

          Jail Time is not going to happen unless there is a Grand Jury criminal indictment against specific individuals in the Banks. Despite banks being erroneously defined as “persons” by the conservative side of the Supreme Court, it is not going to help if they criminally indict a “bank”. As long as each President continues to tell the Justice Department to not do their job of prosecuting “criminals”, the burden of paying for the fraud will continue to fall on the tax payers and share holders.

            Feb 03, 2017 03:52 PM

            there are individual included in the rigging……..read the article……..

            Feb 03, 2017 03:54 PM

            forget the share holders, who owns more stock than Jamie……….

            Feb 03, 2017 03:55 PM

            a little claw back might be in order……….

      Feb 03, 2017 03:31 PM

      Much like malpractice insurance isn’t going to cure bad doctors,fines will not cure bad banks.

        Feb 03, 2017 03:05 PM

        a little jail time might……….need to go back to the 1980 model for banking rules……..2,000 went to jail in the S&L crisis

    BDC
    Feb 03, 2017 03:59 AM

    Note the first two years of the Reagan era.

    Feb 03, 2017 03:08 PM

    Doc, still think silver will drop to $16?

      Feb 03, 2017 03:05 PM

      Pardu, still think the odds are very good between 16 and 16.50

    CFS
    Feb 03, 2017 03:42 PM
    Feb 03, 2017 03:47 PM

    Doc, are you still forecasting $1160 gold?

      Feb 03, 2017 03:02 PM

      Jay, I think the odds are still good. The more we struggle in moving higher the more it is likelihood since spring is fast approaching.

    Feb 03, 2017 03:02 PM

    Cobalt resource and reserve base have not changed over the past decade with over 50% of cobalt reserves located in the African Copper Belt in the Democratic Republic of the Congo (DRC)

    (Friedland could be sitting on a lot of Cobalt) 🙂

    CFS
    Feb 03, 2017 03:13 PM

    Executive order on Fin. Reg.

    Section 1. Policy. It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles:
    (a) empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth;

    (b) prevent taxpayer-funded bailouts;

    (c) foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry;

    (d) enable American companies to be competitive with foreign firms in domestic and foreign markets;

    (e) advance American interests in international financial regulatory negotiations and meetings;

    (f) make regulation efficient, effective, and appropriately tailored; and

    (g) restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework.

    Sec. 2. Directive to the Secretary of the Treasury. The Secretary of the Treasury shall consult with the heads of the member agencies of the Financial Stability Oversight Council and shall report to the President within 120 days of the date of this order (and periodically thereafter) on the extent to which existing laws, treaties, regulations, guidance, reporting and recordkeeping requirements, and other Government policies promote the Core Principles and what actions have been taken, and are currently being taken, to promote and support the Core Principles. That report, and all subsequent reports, shall identify any laws, treaties, regulations, guidance, reporting and recordkeeping requirements, and other Government policies that inhibit Federal regulation of the United States financial system in a manner consistent with the Core Principles.

    CFS
    Feb 03, 2017 03:20 PM

    Considering Trump’s financial Regulation Executive Order, I believe, is comical in that it appeared to me there was coordination between the Federal Reserve and the Exchange Stabilization Fund this morning to push up both stocks AND bonds this morning, although bonds reversed fairly quickly.
    The tell-tales clues of stock market manipulation are excessive volume in certain S & P stocks compare with others right at the open, or in very short period of time.

      Feb 03, 2017 03:11 PM

      Isn’t that site just a gold bug site – everything over there always seems to be to buy gold.

      If NASA announced that they had discovered that gold was the most common metal in the universe that site would still be saying buy gold wouldn’t it?

        Feb 03, 2017 03:19 PM

        yep……….

        GH
        Feb 03, 2017 03:01 PM

        Over the top, but he does get some very good guests.

    CFS
    Feb 03, 2017 03:19 PM
    CFS
    Feb 03, 2017 03:24 PM

    Military-Industrial Simplex:

    https://www.youtube.com/watch?v=8-ASYdRYQMw

    CFS
    Feb 03, 2017 03:32 PM

    https://www.youtube.com/watch?v=V4jk9pyNy1E

    Metals market weekend report

    CFS
    Feb 03, 2017 03:41 PM

    And a different market report:
    https://www.youtube.com/watch?v=_E503hMQP1M

    Feb 03, 2017 03:44 PM

    The repeal of Dodd-Frank or Dudd-Fudd act is a huge deal for Main Street! It will spur lending to small business and free up much needed capital for real estate deals. It will also pave the way for the Glass-Steagall act to be reinstated.

    CFS
    Feb 03, 2017 03:35 PM

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 729.

    A year ago, 571 rigs were active.

    Houston oilfield services company Baker Hughes Inc. said Friday that 583 rigs sought oil and 145 explored for natural gas this week. One was listed as miscellaneous.

    Oklahoma increased by six rigs, New Mexico and Texas were each up by four and Alaska, Arkansas, Colorado and Wyoming each increased by one.

    Louisiana lost one rig.

    California, Kansas, North Dakota, Ohio, Pennsylvania, Utah and West Virginia were all unchanged.

    The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

    CFS
    Feb 03, 2017 03:39 PM

    Trump apparently will address the nation every Friday afternoon:

    https://www.youtube.com/watch?v=BzIu39r6fVU

    CFS
    Feb 03, 2017 03:19 PM
    CFS
    Feb 03, 2017 03:10 PM
    CFS
    Feb 03, 2017 03:01 PM

    Jeff Sessions has to remain in Senate and not be sworn in before Gorsuch is confirmed, or Republicans lose a Senate vote.

    Feb 03, 2017 03:02 PM

    Is anyone else getting a little tired of the so called “experts” and their 2 cents worth whether it is asked for or not? Gold is going to skyrocket, gold is going to crash, gold is going to go sideways, etc etc. All that is needed now is for someone to pop up claiming they are the gold messiah and that gold and everything associated with it is going to go up, down and sideways at the same time.

    This of course is not directed at those who either post here or are a part of Al’s show as guests, whose opinions have taught me much. Instead at the many talking heads that are littered throughout the various mainstream and alternative news sources.

    Its time for a scoreboard to keep a tally of these “expert” opinions and those who are tied to them resulting in some accountability and perhaps even humility. Otherwise these ranting tangents will just fade into cyberspace. Reputations intact, they will continue on their merry ways of relentless rhetoric from site to site until a certain agenda is achieved…. Something relating to one lining their own pockets in a green fibre at the expense of the others maybe???

    My own tangent (the irony is not lost on me) now aside, the Trump era if nothing else, rings true to an ancient curse (of unconfirmed origins) that may we live in interesting times… Indeed!

      Feb 04, 2017 04:04 AM

      cxo advisory .com ……………..check out the Guru list

    CFS
    Feb 03, 2017 03:24 PM
    CFS
    Feb 03, 2017 03:36 PM