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Will that gap in the US markets ever get filled?

Cory
May 5, 2017
Comments (21)

Remember that gap day on April 24th in the US markets and the VIX? Well we are now two weeks past that and still have not filled it. I chat with Doc today about the possibility of this gap actually being a breakout gap compared to one that we thought would get filled.

Click download link to listen on this device: Download Show

Discussion
21 Comments
    Paul L
    May 05, 2017 05:28 PM

    2400+ in the s&p coming very soon if the energy sector can finally start moving up. I am heavily loaded with xop now.

    Markedtofuture
    May 05, 2017 05:56 PM

    GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt – Not Social Welfare Programs

    On Wednesday, the General Accountability Office (GAO), the bipartisan congressional watchdog, released an in-depth report on the U.S. government’s challenging fiscal outlook. Despite its surprising revelations, the study received little to no coverage by major media outlets.

    While most Americans have been led by political rhetoric to believe that government programs like Medicare and Medicaid are the biggest threats to the future U.S. fiscal picture, the GAO study found the following:

    http://wallstreetonparade.com/2017/05/gao-biggest-fiscal-threat-to-u-s-is-interest-on-treasury-debt-not-social-welfare-programs/

    Bonzo Barzini
    May 05, 2017 05:26 PM

    Doc, do you still have your KLDX and have you bought USAS yet? I still own KLDX and am glad I sold CDE last month@9.78 as today I used some of the money to buy USAS@2.62, so now I have gotten into Matthew’s and Excelsior’s boat. USAS, MUX, and NGD are all about the same price. Should be a good race! Happy Cinco de Mayo!

      Excelsior
      May 05, 2017 05:49 PM

      Welcome to the boat Bonzo Barzini – We are serving Margaritas today for the 5th of May.

        Bonzo Barzini
        May 05, 2017 05:53 PM

        Thanks Ex, it’s a pleasure to be aboard, al the way to the Emerald City!

      RICHARD/DOC
      May 05, 2017 05:43 PM

      BB; I still own KLDX and plan on adding as it descends. I own only a little of USAS but will hit it pretty good when I feel it’s bottomed. I also own a tad of MUX and will be adding soon. I began purchasing NGD the last 3 weeks and will add to that position over time. AUY has a similar chart as NGD and I’ve begun to purchase that one as well. I love the monthly chart on both.

        Bonzo Barzini
        May 05, 2017 05:51 PM

        Thanks, Doc. I own all of those too, but have a lot more NGD and MUX which I’ve owned for years. Guess I need more USAS and KLDX. OR looks good too.

    Excelsior
    May 05, 2017 05:11 PM

    Compared to Silver and Platinum, Gold Is Getting Really Expensive

    Bob Moriarty for The Gold Report (5/4/17)

    http://www.theaureport.com/pub/na/compared-to-silver-and-platinum-gold-is-getting-really-expensive

    Excelsior
    May 05, 2017 05:41 PM

    Gold Stock Cherry Picking Season
    Morris Hubbartt – posted May 5, 2017
    Super Force #PreciousMetals #Video #TechnicalAnalysis

    > SF60 Key #Charts & Tactics #Video Analysis
    $GDXJ daily $ABX $AEM $GLD $NGD $SIL $SPY (S&P 500)

    https://superforce60.com/video/2017may5sf60/2017may5sf60.html

    Excelsior
    May 05, 2017 05:49 PM

    The Energy Report Examines How DOE’s Uranium Reduction Should Help Boost the Market
    by @marketwired on May 3, 2017

    https://ceo.ca/@marketwired/the-energy-report-examines-how-does-uranium-reduction

      Excelsior
      May 05, 2017 05:53 PM

      $UUUU $EFR Energy Fuels Announces Q1-2017 Results
      May 5, 2017

      * Financial Highlights:
      > At March 31, 2017, the Company had $23.8 million of working capital, including cash and cash equivalents of $12.2 million and approximately 550,000 pounds of #uranium concentrate inventory.
      > 60,000 pounds of #U3O8 sales were completed by the Company at an average realized price of $58.28 per pound, pursuant to a long-term contract.
      > Uranium #production totaled 92,000 pounds of U3O8 during the quarter.
      > Q1 had lower sales volume due to the timing of contract sales. On April 1, 2017, the Company delivered 200,000 lbs. into long-term sales contracts and over $13 million was collected.
      > $3.8 million of total revenue was realized by the Company. The Company began fulfilling a toll processing contract which is expected to result in $6.50 million of revenue for 2017, of which $0.26 million was realized by the Company during Q1-2017.

      Stephen P. Antony, Energy Fuels’ President and CEO stated: “Energy Fuels continues to enjoy meaningful insulation from price weakness in the uranium spot market. Our contract sales and other sources of revenue enable the Company to maintain a strong working capital position and overall balance sheet. In addition, Energy Fuels is likely to become the largest #uranium #producer in the U.S. in 2017, based on published company guidance. We are proud to take the position as the largest uranium producer in the U.S., especially during a time when our industry demands high degrees of efficiency.”

      http://www.energyfuels.com/news-pr/energy-fuels-announces-q1-2017-results/

    silverbug dave
    May 07, 2017 07:17 PM

    Cory: Did we see a market put in a bottom then 1.5-2 years later retest it?
    Me: Yeah, gold in 1999 and 2001!