Are the summer doldrums here? Considerations for the markets, USD and PMs
With the French election behind us the biggest move we are seeing today is the VIX dropping below 10. Doc and I discuss the big picture for the US equity markets, USD and precious metals. We could be seeing all of these markets trend down for the next few months.
On a positive note for silver we are seeing the commercial traders unwind some of their extreme short positions.
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BB, I feel bad—I sold my Nat just before the plunge since I didn’t like the technicals–I didn’t realize you picked some up. I would personally hold it now if I had it since 2018 should be a turn year for them and you’ll pick up dividends for some gain until then. I plan on buying back in when it gets close to 6. I haven’t tried the banana peel thing but just about everything else—-haven’t gotten a good night sleep for days —I have a significant case—not run of the mill.
Doc,
1/3 Clorox 2/3 water. Poison ivy gone.
Agree on the bleach solution. I went with a 50-50 bleach to water in the wash basin in the laundry room and soaked it with sponges. Then I bandaged it, took a couple tylenol 2’s and had a few drinks. Then slept with the air conditioning on max. Woke up feeling much better.
Do you drink it or put it on as a salve?
Lol
( please, don’t..)
The bleach and water is a salve. Sponged it on, let it soak in on the infected area, then apply the mesh bandage after it has dried. Then, a few rum and pepsis and a tylenol. Worked for me like a charm.
Doc, I would rub the poison ivy gently with the inside of a banana peel or aloe vera, or take an oatmeal bath, before I would put clorox on my skin. Clorox is toxic and the skin will absorb it. So try the non-toxic methods 1st. Or try each cure on different parts of your body and see which works best, and then tell us. Good luck!
Benadryl 1oz. Original Strength Itch Stopping Cream will do the trick.
Vix down 8.3% at 9.69. S&P is either ready to go to 2500 or time to cash out and wait for a drop.
cots showing shorts are being liquidated.
So, long term positive for the metals, except, we have seen this multiple times over the past say 6 years and the PMs continue to drop.
Is “long term” 10 years from now?
5 years ago when shorts were being unwound, it was said that “long term” it was good for the metals, well, I guess 5 yrs isnt long term enough,
or, maybe the unwinding of shorts doesnt really mean much.
Making no money on either side of miners or silver today.
Bagged 11% off of Ether coin though. Just saying.
Ongoing “Trump Range Resistance”
http://www.trendlinemagic.com/2017/05/trump-range-resistance.html.
“Many Trump supporters have been burned badly and, even after six months, the healing requires more time.”
The uranium stocks had a very good day. No doldrums there
Yup, bought a little uranium stock today—added to my position.
Agreed George. There were some nice green shoots in the #Uranium Miners today.
#Uranium Stocks Last Price % Chg
$AAZ 0.10 17.65%
$URRE 1.69 12.67%
$UEX 0.23 12.20%
$MGA 0.18 9.38%
$NXE 3.26 8.67%
$UUUU 1.73 8.13%
$GXU 0.20 8.11%
$FDC 0.08 7.14%
$UEC 1.20 7.14%
$CVV 0.40 6.67%
$LEU 4.32 6.67%
$FCU 0.65 6.56%
$DNN 0.52 6.12%
$API 0.20 5.26%
$KIV 0.11 5.00%
$URG 0.52 4.72%
$PLU 0.47 4.44%
$PEN.AX 0.36 4.41%
$LAM 0.38 4.05%
$SYH 0.45 3.49%
$URA 13.04 2.35%
$CCJ 9.93 2.16%
$LTBR 1.27 0.79%
$U 3.93 0.77%
$NLR 49.57 0.11%
Dollar bulls tried and failed to take back the 200 day MA and 233 day EMA today.
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=2&dy=13&id=p23963192420&a=522681468
I wouldn’t be surprised if the dollar manages a gap-filling pop to about 100 before turning down again.
Yup… 99.73 will fill this one. There are some .01 gaps above that don’t matter.
I have 99.88, the April 21 closing price.
Doc, in my folk medicine class at Indiana U. I learned that it helps to rub the inside of a banana peel on poison ivy.Have you tried that?
Should we sell our NAT? Thanks