A follow through in US markets, Gold, Gold stocks, and the VIX
We are seeing gains for US markets build, and the VIX continue to plunge. This is further hurting gold and gold stocks and the inverse trade continues. With the VIX at levels not seen in almost 10 years Doc and I feel that the moves which started yesterday will not last.
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gold will test dec lows by July then buy and hold for 2-3 yrs and you will be rich
That makes sense to me Paul.
I think we have all heard of that story regularly since the 1980s and may be longer.
It is no longer believable because we do not have open and honest markets.
off topic
Catherine Austin-Fitts:
this is a good one…….everyone should listen to this one…….
I enjoyed the post……..she has been spot on for many years…..she was correct about the stock market 3 yrs ago…….
Very good.
I hope the high whine gets lost on the new system.
DAnielle Dimartino Booth, on RT.
Just for you, Big Al.
Amazes me really, its not like we havnt known the fed is not the most positive thing since ..iduno…Jackson…sooner really. Well, since Jesus. lol
We are not going to do anything about the banks, all thats going to happen is the influence will move east….with the gold.
These people should consider finding ways to live and maybe prosper with the banks, complaining and repeatedly saying the same things for hundreds of years doesnt seem to do much.
What was that definition of insanity? I forget. lol
“These people should consider finding ways to live and maybe prosper with the banks”
Ridiculous statement, b. The whole point is that the vast majority cannot prosper in an utterly corrupt and parasitic system.
What? You dont think things are great?
Think of all that money you can get for almost no cost, times are great!
I enjoy being ridiculous myself 😉
We are stuck in a Central Bank War economy…..per Fitts…
Central bank war economy per Fitts?
Fitts and a hundred others.
Silver stinks……
Silver is on a Bargain Sale level.
I bought some more silver shares today.
I am going short the general market later this week.
better read the silver stealer.net……pdf…….just a con game……
con game until the cftc is gone………and there is no more FED
silver good for one more parabolic move, which we should have already seen……might happen, but, it will be years away…….
Thats right jerry, its all a con.
gotta luv these guys screaming manipulation,shortage,real money bla bla bla. lol
I wont be selling mine tho, not buying more either.
just in case we are wrong……….. 🙂
Jerry OOTB
Thats it!! I am throwing in the towel on SILVER….I really BLEW it……:(((…OH WAIT MINUTE! Jerry U are THE ultimate contrarian indicator!!LOl Hahaaha..:))
SDMARC…….the last time I felt this way, silver was $14, my gut feeling the game is not over , I was just trying to sucker JPM into thinking they had won……. 🙂
did you listen to Fitts….
Trojan horse left the station……draining the swamp is not going to happen….
start with your county commissioners, the 3100 counties are still running a drug and pedo ring economy.
speaking of pedo rings, Ontario grabed 100+ guys for trying to have sex with minors.
I thought, well, alot of small insignificant people got caught…good.
The downside of course is people will think the authorities are seriously after pedophiles.
really an eye opener……
Exactly. That raid is nothing more than arresting the addicts and ignoring the purveyors; a headliner grabber for the reason you stated. No one of consequence in that sordid arena is in any danger of being brought to justice.
Other than a few spikes up silver has stunk for 50 years.
But…next week will be interesting. lol
always next week……… 🙂
Silver CoTs are at bearich extremes. If it were to make a higher high before getting smashed, it would be a miracle. Not going to happen. Silver is likely going to get pummeled. I have to admit though we are short term extremely oversold, so there could be a decent bounce here for a day or even a week. The weekly stochastics are headed down now and will likely hit oversold levels before silver bottoms. Banking on the stochastics turning back up at this point is folly.
Bearish extremes?
And here weve had people screaming the cots were saying….this is it…momentum below the surface is bubbling yadda yadda
PMs will turn around tho, 2018s another year.
Lower highs and lower lows for the dollar as well as a close below the 200 day MA and a modified Schiff fork support:
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=1&dy=11&id=p61791157836&a=520175238
GDXJ tested a Schiff fork support near the 200 week MA:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=3&mn=7&dy=0&id=p68399469992&a=520089923
The loonie briefly took out its December low but will it fill the big gap from Feb. 2016?
http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=2&dy=13&id=p92239915165&a=519104889
GDXJ priced in GDX found speed line support today…
http://stockcharts.com/h-sc/ui?s=GDXJ%3AGDX&p=W&yr=2&mn=9&dy=28&id=p89960828028&a=519094136
Silver closed on fork support (barely)…
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=5&dy=0&id=p46591080033&a=518453127
That is interesting with the Bear below pivots and Bull pricing breaking through pivots.
Scorpio Gold settle the day 14% above yesterday’s low (weekly chart):
http://stockcharts.com/h-sc/ui?s=SGN.V&p=W&yr=2&mn=7&dy=11&id=p07695049175&a=519384358
+1
Bought TGTX today. $11 stock with a $26 analyst price target.