Important stories to watch for next week
The main headlines on tap for next week include Q1 earnings starting to be released, Trump’s meeting with Chinese President XI, and the ongoing Brexit negotiations. Chris Temple weighs in on why he thinks these will be important and why they could actually have longer term impacts on the markets.
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Epstein TA;
https://youtu.be/4zw3k2QbvoE?t=31
Brassy comment by Chris about Ryan’s statement that he has a new healthcare plan in the works. If he can’t work with the other side, he’ll fail as badly as his first attempt. I posted the following earlier today but it fits as well on this page:
What so many ideologues forget is that we pay for healthcare one way or another. Either we have a healthy, producing population or we have a large number of sick, who continue to consume the wealth produced by the healthy.
Preventive care is the least expensive and everybody should have it. It helps keep the pie from being eaten by too many expensive sick people. The society will reap what it sows; many fail to think about the end results of no care……….
ditto on “Ryan…if he can’t work with the other side……..he’ll fail”
The demos are dug in and are not going to let up….end of the line and party for them….
way to much hate , on both sides of the isle
Insurance Care aka Ryan Care aka Obama Care…this podcast shakes things up.
Guess who lobbies and donates to the cause at the 15:30 min mark?
http://www.tfmetalsreport.com/podcast/8246/a2a-dr-dave-janda-operation-freedom
Trump’s statement
Golden Arrow -a 10% gain based on a one day option extension. Silver Standard – a Bush League administration operation but a good miner.
SSRI-GARWF JOINT VENTURE CONSUMMATED
Nice action in GDXJ. I think we’ll get a few good days here, but a sideways grind for weeks to months also seems likely.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=9&dy=0&id=p15602361149&a=511820633
Some of the 1-2 hour charts for the miner look spooky. EXK for example. To me the 1 and 2 hour charts look incredibly bearish, very similar to the January 2013 action–low volatility coiling action after a huge drop just prior. If you look at the daily or weekly chart you can see what followed–a total waterfall decline.
During that time there was also a pretty massive divergence between the metals and miners in the week leading up to January 2013, just like now.
Not saying history repeats here, but there a lots and lots of bearish indicators, and the weekly charts for many juniors either show massive head and shoulders (MUX, ISVLF) or are sitting on the edge of a cliff (EXK, AG).
Shorter term charts must be evaluated in light of longer-term charts. The key weekly chart looks nothing like Jan 2013. Among other things, GDXJ is on top of the 200 week simple moving average rather than below it.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=8&mn=0&dy=0&id=p58325225309&a=501069308
The grey box indicates how long GDXJ spent in the current trading range in 2013-14. The blue box indicates the time from the top in 2011 until the time the bear started in earnest. The blue circle, and cyan arrows indicate my best guess of the future trajectory.
From the land of fruits and nuts….
http://www.ksfo.com/2017/03/31/march-31-first-in-the-nation-california-attempts-fake-news-ban/
(They never read the first amendment?)