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The Odd Couple Strengthens Despite Hawkish Talk

Big Al
February 23, 2017

Gold is breaking out more today, and 10-year Treasury yields are moving back below 2.4%.

 

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Discussion
41 Comments
      Feb 23, 2017 23:40 AM

      They are trying auto tune to enhance their voices like pro singers.

    Feb 23, 2017 23:30 AM

    Sounds like a pack of warthogs nearby!

    Jay
    Feb 23, 2017 23:35 AM

    Was there a brontosaurus sitting next to Rick during this interview? 🙂

    b
    Feb 23, 2017 23:38 AM

    Mining News Digest
    Thursday 23 February 2017

    Toyota’s new technology a blow for platinum, palladium price

    World’s top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

    A new technology unveiled by Toyota on Wednesday is win for the Japanese company on both counts. Toyota announced the availability of a new, smaller catalyst that uses 20% less precious metal in approximately 20% less volume, while maintaining the same exhaust gas purification performance.

    Feb 23, 2017 23:43 AM

    What’s up with kitco.com? I haven’t been able to access them for 2 days.

      CFS
      Feb 23, 2017 23:48 AM

      I just went to Kitco…..no problem.

      They were down for an update a day ago.

      Feb 23, 2017 23:53 AM

      It has loaded slowly or not all for me sometimes over the past couple of days

      CFS
      Feb 23, 2017 23:22 AM

      Just another problem with the US, that really has some of the WORST infrastructure in the civilized world.

      You can’t even drive down Route 1, the Californian coast road. The bridge near Big Sur has been closed as unsafe!

    CFS
    Feb 23, 2017 23:44 AM

    No Problem , the Chinese like Platinum Jewelry.

    b
    Feb 23, 2017 23:50 AM

    Isnt most metal demand industrial?

    Course, platinum jewelry is nice.

    CFS
    Feb 23, 2017 23:56 AM

    Mnuchin Says Goal Is To Pass Tax Reform By August
    By MARTIN CRUTSINGER – Associated Press – 8 minutes ago
    WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says the administration is committed to getting major tax reform legislation through Congress by August. He also says President Donald Trump’s economic proposals will boost growth significantly to annual rates above 3 percent.

    In an interview with CNBC, Mnuchin says that tax reform is the administration’s top economic priority. Its goal is to have a measure approved by the time Congress takes its August recess.

    He says that growth in a range of 3 percent to 3.5 percent is “very achievable” with implementation of Trump’s economic program that includes tax cuts and rolling back burdensome regulations.

      Feb 23, 2017 23:30 AM

      No spending cuts = no tax cuts or economic drag or both.

    Feb 23, 2017 23:16 AM

    What do you think the near future will bring to the the VIX?

    Feb 23, 2017 23:22 AM

    Lockheed Martin Awards New Contract to IBC Advanced Alloys with a 16% Increase in Beralcast® Components for the F-35 Lightning II Aircraft
    (February 23, 2017) —

    “IBC Advanced Alloys Corp. (IB) (IAALF) a leading beryllium and copper advanced alloys company, announces that Lockheed Martin (LMT) has awarded IBC a new contract to produce a crucial advanced beryllium-aluminum alloy component for the F-35 Lightning II Electro-Optical Targeting System (EOTS). ”

    http://www.ibcadvancedalloys.com/news/2017/02/23/2017/lockheed-martin-awards-new-contract-to-ibc-advanced-alloys-with-a-16-increase-in-beralcast-components-for-the-f-35-lightning-ii-aircraft/

    Feb 23, 2017 23:58 AM

    I would like to get opinions on silver, if they think there will be some kind of pullback or keep moving on? I think if it does pullback it will be short and shallow but what do I know, just curious what the charts are saying from people that are better at that than I. TIA

      Feb 23, 2017 23:40 PM

      Matthew had some good comments on Silver on Doc’s editorial today.

    Feb 23, 2017 23:31 AM

    I can smell a big move for oil but it keep failing at $50. XOP has been negative and greatly under performing. I had to add more to average down. It is below $39 but should be around the 43 to 45 area at this oil price.

      GH
      Feb 23, 2017 23:08 PM

      Maund is bearish, for what it’s worth. Bearish divergence between oil and oil stocks. Bearish COTS and hedger’s report.

    Feb 23, 2017 23:36 AM

    Hummingbird Resources plc (HUM.L) (HUMRF)
    Appointment of General Manager for Yanfolila Gold Project

    http://hummingbirdresources.co.uk/_downloads/Appointment_of_General_Manager_for_Yanfolila__Mali.pdf

      Feb 23, 2017 23:39 PM

      EX, got my double since Christmas in SVBRF, SOLD 30%

        Feb 23, 2017 23:37 PM

        Well done Marty! Very nice action in Silver Bear the last few months.

        Honestly there have been a number of nice rallies in the silver miners since late December. (but only us Silver Wingnuts seem to have noticed 🙂 )

    Feb 23, 2017 23:09 PM

    Hi Doc,
    are you still optimistic on Uranium in the short term? thanks

      Feb 23, 2017 23:25 PM

      Clare, see my notes to BOB UK on my thread today as it relates to uranium. Doc

        Feb 23, 2017 23:39 PM

        Doc – agreed on watching for the 200 day moving averages to provide a layer of support. I posted a Candleglance chart with 12 different Uranium stocks on it under your comments to BobUK that may paint the picture of where things are relative to the 200 day SMA. Getting close to being time to add to the Uranium stocks.

    Feb 23, 2017 23:55 PM

    What do you do , when the new cabinate members are much more sane than the president ?? Send Trump on a vacation hes exhausting the american people. The dual announcements about replacing Obama care are very confusing. Trump says he will replace Obama care in March but he and speaker Ryan also hav esaid it may be Jan of 2018 ?? Some Repubs are now saying they may never replace Obama care or risk losing thier seats in congress. ?? Pray for sanity. S

    Feb 23, 2017 23:26 PM

    Russell, they aren’t going to replace Obamacare entirely. They’ll keep certain aspects of it and then do modifications. I’m not worried in the least.

    Feb 23, 2017 23:58 PM

    Wait and see S