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Are these moves to start the week going to slowdown?

Cory
April 25, 2017

To answer the title’s question – yes. Listen in to hear why I think these moves we have seen in the first two trading days this week will slow. There is no denying these moves have changed the short term direction of the US markets but I am still not buying it.

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Discussion
67 Comments
    Apr 25, 2017 25:23 PM

    You are getting left at the station Cory. How can we be near a top when there are so many smart people doubting the move up? It’s been the same thing for the last 9 years. The market will continue to head higher and higher until those who are out (or short) capitulate.

      Apr 25, 2017 25:52 PM

      The market could go higher, but lets be real….how much more gains are left, the moves up are becoming sentiment related and not fundamentals. The doubters have been wrong till now because earnings have actually been moving up, fuelled by cheap debt. I’ve been in the market and tracking earnings past 8years (UK focus)…but for the first time I’ve become a lot more nervous over the past year as earnings growth is slowing and in some sectors falling sharply especially in retail and yet valuations of indices which are heavily weighted towards blue chip stocks which have become bond proxies due to zero interest rates. Overvaluation could move to Extreme overvaluation……but why bother betting on that when you can generate outsized returns on a risk/reward basis just moving down the ladder and being more selective in your stock picking. I picked up a very well run british retailer p/e of 8, good online growth strategy, generating fcf, 8% dividend yields (after lower profit forecasts) about a month ago. A small profit warning (not even catostrophic as company still generates tons of cash) sent the stock from overvaluation, to fairly valued, to slightly undervalued within few months quite literally. About a 55% drop. So that’s the risk you take being in some of these stocks……..

        Apr 25, 2017 25:54 PM

        Sorry my mistake on a profit adjusted basis p/e is now about 10. But the P/E before the drop was 22. It was priced like earnings would foreever go up.

        Apr 25, 2017 25:27 PM

        Boohoo? Asos?

          Apr 25, 2017 25:28 PM

          Ah, NEXT. Been thinking of going into that heavy for the longterm.

      Apr 25, 2017 25:39 PM

      I understand what you are saying spanky but I am ok with giving up another 10% (maximum 20%) in the markets. I do think the markets will hit new all time highs but I am allocating my money to the PM stocks that I like because I think that is a better long term play.

      You are absolutely right about the market heading higher until all the shorts are washed out. It just might happen very quickly and I do not want to be on the wrong side.

      Thanks for you comments!

    CFS
    Apr 25, 2017 25:29 PM
    CFS
    Apr 25, 2017 25:31 PM
    CFS
    Apr 25, 2017 25:34 PM
    Apr 25, 2017 25:39 PM

    Jeff Rense & Catherine Austin Fitts – Is Blazing Nuclear War Imminent?

    Published on Apr 25, 2017

    The Jeff Rense Radio Archives contain interviews with over 18,000 people over a period of 24 years. Access and listen to some of the most stunning people of our times in often unforgettable interviews just like this one.

    https://www.youtube.com/watch?v=wSZARLRFj28

    Apr 25, 2017 25:50 PM

    Dutch banker Ronald Bernard was asked to sacrifice a child at a party. That is when he quit the Illuminati. FWIW…

    Describing his experiences in the banking Illuminati in an gut-wrenching TV interview, Ronald shared details about the way the cabal uses child sacrifice to test and blackmail its members.

    “I was warned off when I got into this – don’t do this unless you can put your conscience 100% in the freezer. I heard myself laugh at it back then, but it wasn’t a joke at all.”

    “I was training to become a psychopath and I failed.”

    Describing the period his “freezer began to malfunction”, Ronald tells a story about crashing the Italian economy and bankrupting companies leading to suicides and destruction – a success worth celebrating, according to his banker colleagues.

    “One of my colleagues said, ‘Ronald, you remember that case with the Italian lira? Do you remember those deals in which we did massive dumping of the lira, which reduced the value of the currency, which caused a company in Italy to be hit in such a way that they went bankrupt?’

    And then you hear at the exchange: ‘Do you remember that successful deal with the lira?” And then they say: “Do you know that the owner committed suicide and left a family behind?”

    “And back then we laughed at it. Ha ha ha, altogether, all of us. We looked down on people, mocked them. It was just a product, waste, everything was worthless trash.”

    “Nature, the planet, everything could burn and break. Just useless parasites. As long as we met our goals, as long as we were growing.”

    Ronald then described “the beginning of the end” for him, at which point he was “deep in the circles” of the Illuminati and had “signed a lifetime contract” – but his conscience had begun to eat away at him.

    http://yournewswire.com/banker-sacrifice-children-illuminati/

      Apr 25, 2017 25:00 PM

      Abortion is child sacrifice. Over 50 million children murdered in America since 1972 and still going strong.

    b
    Apr 25, 2017 25:15 PM

    I saw a pce of that Markedtofuture.
    My guess, nothing happens. Most people will not care, the ones that do will see it as bs.
    Nobody cares, 500 thousand dead kids are considered “worth it”.

    Look at the mounds of evidence as to whats been going on, and its still discussed like its maybe true maybe not.

    People looked with their own eyes at 3 controlled demolitions and they believed as they were told to believe, an office desk can fire, ya, thats what brought down the building.
    Absolutely ludacrous (ludacris?)and they believe it.

    As a matter of fact, the guy could be saying it to gauge the reaction of people.

      GH
      Apr 25, 2017 25:07 PM

      Or….more and more people are uneasy and p.o.’d due to massive cognitive dissonance, criminality and dysfunctionality of the system, and with enough clues like the one MTF offers above, things will crystalize and people will shake off the spell they are under.

        b
        Apr 25, 2017 25:12 PM

        Maybe GH, always good to be positive.

        I just think the natural state of people is to be sheep like.
        People sure dont seem to think for themselves.

          Apr 25, 2017 25:16 PM

          We keep hearing about the elite’s getting exposed, in the not too distant future. It may be a warm up video. They could start jumping out of buildings any day now.

          GH
          Apr 25, 2017 25:33 PM

          b, r.e. sheep-like, I agree there is a lot of truth to that. Psychological experiments have demonstrated how inclined most humans are to conformity, often preferring approval of peers over the evidence of their own ‘lying eyes’ or conscience.

          Still, the internet has ushered in a new age. Prior to that, it was very difficult to acquire info outside the mainstream, especially for those who did not live in a big city. Now, everyone in the world with access to internet has access to more info than anyone in the world had 25 years ago. Before, the propagandists created ‘mass peer pressure’ via their control of the media. Now that power is weakened (thus the ‘fake news’ battle). It’s a different game these past 15-20 years, and the availability of quality information is growing incredibly rapidly.

          Truth is powerful and over-reach begets reaction.

          I also believe you are right–‘they’ are gauging reactions, and monitoring ‘awakening’. Surely those who will stop at nothing in the pursuit of power will trigger an acute crisis before awakening goes critical. Then it gets really interesting.

          Or maybe these are all just visions in the clouds. But yes, it is good to be positive–which includes the courage to face the most negative with faith we can do better.

        Apr 25, 2017 25:06 PM

        GH:
        Lets just call it a Crimocracy.
        If your not going to stand up for the truth,you are complicit in the cover up.
        9/11 Never Forget.

    Apr 25, 2017 25:59 PM
      Apr 26, 2017 26:27 AM

      Thanks Wolfster. I hadn’t seen that release yet regarding the JV with Golden Valley and Alexandria Minerals. The portfolio of projects continues to grow.

    b
    Apr 25, 2017 25:00 PM

    I watched it.
    Interesting he said the Isrealites sacrifice children, I thought long ago thats why they got booted from everywhere they went, then I found out about their usery, guess they were doing both all along.

    Probly a good idea to send Israel more money, they need it to hide that stuff.

      Apr 26, 2017 26:56 AM

      The Teranga room over at ceo.ca has been very lively as investors are pulling out their hair on the share price pullback. I think these exploration results highlight their ability to actually bring a 3rd mine into production down the road (one of them in the Hounde belt) near Roxgold, Endeavour Mining, Sarama/Savary, and Semafo. I could see that area starting to get consolidated over the next 2-3 years where only a few companies remain.

      (TGZ) Teranga remains one of my top Mid-Tier gold producer holdings, along with Argonaut, Jaguar, and Primero, all of which seem incredibly undervalued at present considering their size, ounces produced annually, growth profiles, and success in the prior cycle. I have 25 gold companies, but these are some of the larger producers I have in the mix because they are all so distressed at present and have perception problems.

      Here’s a peak into the Teranga room:

      https://ceo.ca/tgz

      Apr 26, 2017 26:57 AM

      wolfster – I’m still watching Pasinex very closely and appreciate the update. There are so many Zinc stories popping up that it is mind-boggling, but Pasinex seems very solid. The main knock against them is operating in Turkey, but look at the success the Mariana Resources just had today. Definitely one to keep an eye on.

    Apr 25, 2017 25:23 PM

    Gold Heading To $1,200 As Trump Tax Cuts Loom – Goldman Sachs

    Major bear Goldman Sachs is at it again, telling investors not to expect a gold turnaround any time soon. “Looking ahead, we expect that gold will come under pressure this week, and over the next three months, with a near-term target of $1,200/oz,” noted Max Layton, the bank’s commodities research analyst, in a recent report.

    “In fact, this week is likely to see some significant bearish catalysts materialize in our base case.”

    Despite skepticism in the marketplace, Goldman Sachs said it expects President Donald Trump’s tax reforms to come sooner rather than later. The analysts noted that the President’s failure to repeal the healthcare bill last month, which helped boost gold prices, is not necessarily indicative of further delays when it comes to the promised tax reform.

    http://www.kitco.com/news/2017-04-25/Gold-Heading-To-1-200-As-Trump-Tax-Cuts-Loom-Goldman-Sachs.html

    Apr 25, 2017 25:30 PM

    Navy destroyer has close encounter with Iranian vessel in Persian Gulf

    A U.S. Navy destroyer had another close encounter with an Iranian Revolutionary Guard “fast attack craft” in the Persian Gulf Monday.

    Two U.S. officials tell Fox News that the Iranian ship came within 1,000 yards of the guided missile destroyer USS Mahan with its weapons manned.

    The officials said the Mahan altered course to avoid the Iranian warship, sounded the danger signal, fired flares and manned its own weapons.

    The Iranian ship did not come closer than 1,000 yards and no warning shots were fired.

    In January, USS Mahan fired warning shots at an Iranian warship near the Strait of Hormuz.

    http://www.foxnews.com/world/2017/04/25/navy-destroyer-has-close-encounter-with-iranian-vessel-in-persian-gulf.html

    Apr 25, 2017 25:37 PM

    Good commentary about the vix.
    The tell will be when the major averages close higher and so does the vix.
    Tomorrow is President Trumps unveiling of the new tax plan. The big question is ,What is unveiled and what realistically can make it through Congress. And does it even matter?
    Comments regarding Gold.With over 80% of all trades generated by algos it is not to hard to rationalize the trading going on.I have noticed on Interactive Brokers that all press releases are numerically rated. Ask yourself why would press releases be numerically rated?
    Spanky hit on the fear of the markets going down within the powers that be.I say they are also fearful of the press releases which has been driving the algos.
    Let us not forget that it is options expiration week also.You know how that drill goes.

    Apr 25, 2017 25:50 PM

    Also Bitcoin is within $6 of Gold. Will this be the time where Bitcoin surpasses Gold?
    If you use the $SSEC as an indicator Id say the chances are pretty good.
    http://stockcharts.com/h-sc/ui?s=%24SSEC

    Apr 25, 2017 25:59 PM

    So today I received a phone call from a party interested in purchasing my 4 bedroom Rambler located 20 miles from the massive Pebble Deposit.
    Do I take the money and run or hold out for the chance that Secretary of State Pruitt comes out in favor of development?

      b
      Apr 25, 2017 25:07 PM

      In favor of development?
      Its going to kill pretty much all the salmon, of course they will develop it.

      Apr 25, 2017 25:40 PM

      JohnK, Does anyone want to buy a lot on The Gold Coast, no long delays while titles are investigated, reservations are accepted, 10% down gets you started and we have sport fishing beside the planned hunting lodge. Get into the real estate game you could retire a lot quicker and richer than you can imagine. DT

        Apr 25, 2017 25:48 PM

        The stock market like is a side show compared to real estate speculation. DT

    Apr 25, 2017 25:34 PM
          Apr 26, 2017 26:24 AM

          Thanks for the Impact Silver charts Matthew. IPT has been stronger than other peer silver companies lately for sure, and yet it remains very underappreciated or followed by many Silver investors.

          If you scan up through most of the comments on IPT for the last 6-12 months on ceo.ca – I feel like the lone ranger over there as few ever even mention it.

          https://ceo.ca/ipt

            Apr 26, 2017 26:44 AM

            It is definitely a good thing that is can do so well without much retail interest. Just wait until they decide to do a little promotion (but I hope they don’t anytime soon).

            Apr 26, 2017 26:01 AM

            Agreed. When retail wakes up to their larger opportunity, Impact will get re-rated in a major way. I’m fine continuing to acquire more shares on the cheap while it flies under the radar.

            I’d like to see them get serious about exploring some of those past producing artisinal workings and old processing centers peppered all over their property. I bet they have 7-10 more mines they could build if they just had the resources to do a bit more exploration.

        Apr 25, 2017 25:01 PM

        Hi Mathew :
        Impact has been holding up real well. Running scans Saturday it also came up as a three week sequential strength gainer.
        Nice to see.

          Apr 25, 2017 25:39 PM

          Thanks JohnK, yes, it has been very impressive and is still more than six times its 2016 low.

    Apr 25, 2017 25:40 PM

    GDXJ still hasn’t touch the 200 week MA, but I think it will soon…

    http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=2&mn=5&dy=13&id=p03019207837&a=520220622

    Apr 25, 2017 25:40 PM

    So we have a massive short squeeze relief rally due to the French election. Do we get another surge after the second round on May 7th? Then what?

    US steel down massively after hours taking others such as AKS, MT and CLF down with it. They still have not given up their Trump election rally though. Wonder if they will.

    CFS
    Apr 25, 2017 25:38 PM
    Apr 25, 2017 25:10 PM

    Argonaut Gold: Production Guidance Of 120kOz At 950$ AISC in 2017
    ResourceCapitalAG – Apr 24, 2017

    https://www.youtube.com/watch?v=cgudGexRF1w

      Apr 26, 2017 26:28 AM

      Alexco Resource: Further Silver Exploration Before Production In 2018 At Keno Hill
      ResourceCapitalAG – Apr 25, 2017
      Interview with (AXU)(AXR) President & CEO Clynton Nauman

      https://www.youtube.com/watch?v=oxB3t0YbFQU

        Apr 26, 2017 26:29 AM

        Here’s a helpful map of Alexco’s district scale properties:

        http://www.alexcoresource.com/s/keno_hill.asp?ReportID=515321

          Apr 26, 2017 26:53 AM

          Ex, check out USA! DT

            Apr 26, 2017 26:06 AM

            DT – Yes, I own USA – Americas Silver, and would argue I was one of the first people here discussing it back in 2012 when they were Scorpio Mining. I’ve been trading in and out of them for years, and in Dec of 2015-Feb 2016 it was one of the companies that I bought the most of in the Silver/Zinc space.

            There are probably over 100 posts on the KER from me regarding (USA) (USAS) (USAPF) (USAPD) and all the prior US Silver & Gold and Scorpio Mining tickers.

            Trust me…. I’m a fan!!

            Here are some of the comments on ceo.ca just since they got their dual listing with the (USAS) on the big board:

            https://ceo.ca/usas

            Apr 26, 2017 26:08 AM

            Here is the larger room on Americas Silver Corp on ceo.ca for (USA.TO)

            https://ceo.ca/usa

            Apr 26, 2017 26:08 AM

            Ex, I give you all the credit for this stock, all I did was pull the trigger. DT

            Apr 26, 2017 26:12 AM

            Pulling the trigger is the most difficult part of any stock, so congrats my good man.

            Seriously though, scan up through those those old comments in both those rooms as they are chock full of contents, articles, charts, analysis, banters, and hyperbole around what is one of the best turnaround stories I’ve seen in the Silver/Zinc space in some time.

            Alexeco is about to become another fantastic turnaround stories in the Silver/Zinc space as well, they got things worked out with Silver Wheaton, have had insanely high grade exploration results, and are going back into production later this year (FINALLY).

            Both are stellar companies in the Silver space.

    CFS
    Apr 26, 2017 26:11 AM

    Goviex uranium discussed on Palisade radio:

    https://www.youtube.com/watch?v=rmxJokwFrgM

      Apr 26, 2017 26:24 AM

      A Conversation With Curtis Moore Of Energy Fuels
      Brian Leni – Founder – Junior Stock Review

      “Today’s article is an interview that I conducted with a member of the Energy Fuels management team, Curtis Moore. Moore is VP of Marketing and Corporate Development, and is involved in a wide range of company activities, such as uranium sales, mergers and acquisitions, investor and public relations, and corporate legal.”

      http://www.juniorstockreview.com/2017/04/24/curtis-moore-energy-fuels/

        Apr 26, 2017 26:26 AM

        Poland Looks to Nuclear in Bid to Keep Its Coal Plants Humming
        by Maciej Martewicz – April 25, 2017,

        “Poland hopes a nuclear power station may allow it to continue using the European Union’s biggest coal deposits to fuel the bloc’s biggest eastern economy.”

        “The country, which gets more than 80 percent of its electricity from coal, may use a pledge to build its first nuclear power plant as a bargaining chip in key talks with the EU on planned climate regulations under the so-called winter package. The clean energy source would cut overall emissions and could help Poland persuade the bloc to let it use dirty coal units for longer.”

        https://www.bloomberg.com/news/articles/2017-04-26/poland-looks-to-nuclear-in-bid-to-keep-its-coal-plants-humming

    Apr 26, 2017 26:18 AM

    A BIG CONGRATULATIONS to all Mariana Resources Investors this morning!!

    Mariana Resources Ltd : Recommended Combination of Mariana Resources Limited and Sandstorm Gold Ltd

    April 26, 2017

    https://marianaresources2016feeds.q4web.com/news/press-release-details/2017/Mariana-Resources-Ltd—Recommended-Combination-of-Mariana-Resources-Limited-and-Sandstorm-Gold-Ltd/default.aspx

      Apr 26, 2017 26:18 AM

      Mariana Resources Limited (MARL.V)

      1.65 up +$0.62 (+60.19% gain)

    Apr 26, 2017 26:48 AM

    slv down 8 days in a row. What other traded vehicle does this, ever?

    Also slv is below the 50, 100 and 200 day EMAs. Not a particularly good sign for the bull.

      Apr 26, 2017 26:00 AM

      SIL and SILJ are up while SLV is down. That IS a good sign.

        Apr 26, 2017 26:18 AM

        Hi Matthew!

        What do you think of Sil Silvercrest metals? We talked about it a couple of days ago and it felt like it could stop dropping at 1,65 cad but today its down and headed lower. Any clue where it has any support?

        Apr 26, 2017 26:02 AM

        slv needs to hold the 100 day MA and ideally we don;t want to see it break below the ichimoku cloud on the daily chart. Not looking too promising for the latter atm.

        If it is going to drop below the cloud, my guess is that they will gap it down in the next couple of days below the cloud.