Wrapping up the markets for the week
Well that geopolitcal news didn’t last long for the markets. Gold could not hold above the $1260-$1265 level and the S&P did not break below 2350. On a day when fear could have entered the markets it only lasted a couple hours. Doc and I discuss what we are watching closely to tell us about future market moves.
As a side note – Apparently I have a lot of trouble saying “shallower” (at 5:54) 🙁
Everyone have a great weekend.
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silver stealers.net……….
check this out……gives some clue as to why ….silver did and does what it is doing., historically the FED , CFTC…..still the same game…..has nothing to do with charts
I agree OOTB Jerry, I find Charles Savoie’s writing fascinating. I haven’t looked at it for a while, but I used to follow SRSRoccoreport.com and he posted his articles there.
A bit ranty, but I kinda like that (big surprise, I know). I’ll do a deep dive and read it all one of these days.
GH…..thanks for the reply…..It is interesting to see the historical data on silver and how the elites have played with silver through the years…….The banksters,(central banks)have a hold on silver , and until the cftc is broken , the game will continue. The ratio of 68 to 1 is not even close to Newton’s Law…….more like 10 to 1….but, I have beat this horse to death over the last 11 yrs…….just a joke…..It is sad when educated men can not see the forest for the trees…..
Epstein End of Day TA:
https://youtu.be/z46yekMyveo?t=33
Epstein Metals TA:
Gold bulls look exhausted to me. Appears to be a shortlived fake rally around the precedent of possible war in the wake of Syrian bombing.
Just out of curiousity Doc, are you still waiting for the 16 handle in silver being met or have you revised your mid term low?
Stupid is as stupid does…………..321gold…..great article….
Really, I do love your work. I listen to most of the reports. But PLEASE, PLEASE PLEASE
look up the meaning of the word LEVITATE. Thanks, Marty
Gold sure looks like it’s about to get clobbered. $gold left a shooting star candle. GDXJ is going to get clobbered. The JDST chart is on a major buy signal right now.
It looks like the commercials will win the game for a while. (As usual)
https://www.youtube.com/watch?v=mvYcjk9lT6E
A discussion of the regular market.
Great point Doc….always felt the same….geopolitical issues which everyone loves to overanalyse is just a headwind. Brexit/Trump/Geopolitics means nothing………
Everything boils down to real interest rates and the confidence in the dollar. Once confidence is shattered that’s going to be the gamechanger i.e $3k, $5k, 10k/oz etc…..until then its how the push/pull factors play out….
I agree. I like to know the fundamentals so that I know what the long-term direction should be, and that I’m not invested in a death trap.
But to time shorter-term entries and exits based on the news…so often the moves are counter-intuitive, and there is always more going on than one can glean from the news. The price action reflects the totality, so that’s what I analyze.
http://media.tfmetalsreport.com/audio/08A2AMrTurkApr17.mp3