Jesse Felder – Is this a blow off top we are seeing?
Today is a very busy day recording for the weekend show. Since daily editorials will be light figured I should provide a preview to this week’s weekend show. Here you go…
Jesse Felder, founder of the Felder Report joins me for the first 2 segments of the show to discuss the general markets and sectors that he likes. In this first segment we look at the discrepancy between hard data and soft data in term of what is driving the markets.
Click download link to listen on this device: Download Show
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Gold finally a buy on the hourly charts.
Buck ($) down .56 as I type. 101.57
Does not make sense. Yellen was hawkish.
Nothing makes much sense anymore. Nobody really knows anything.
Spot silver up $0.21 at the moment. How unreal is that???
Sounds like the title of a book written by Bob Moriarty. Guard against getting worn out or scared out of a position in a valuable asset.
Including Yellen who is clueless as to what to do with the economy. She tries to use right buzzwords so no one can draw conclusions from the mumbo jumbo like “data dependent”.
GLD found support at the 600 hr EMA.
GDXJ priced in GLD found support at the 600 day EMA:
http://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=0&mn=7&dy=0&id=p61588662772
https://www.youtube.com/watch?v=hVrbwchGEUU
Epstein end of week Ag.
That was a great Agricultural soft commodity macrow and technical review from Ira.
macrow = macro
Bockvar on Wallst for MainSt.
https://www.youtube.com/watch?v=HQ98brjgIlE
1 bitcoin is more valuable than 1 once of gold today.
Anyone wishing they hadda bought bitcoin at $2.00 instead of gold?
May 2011 bitcoin was $2 and the talk was about it being a bubble.
Gold was about $1500 or 750 bitcoins.
Sure glad I went with gold shares. lol
Cory:
Enjoyable listen. Jesse really tells it like it is. Weekend report is well worth waiting for to hear the second half of this interview. Travel safely! You are missed on the regular show.