Recapping the market moves this week
Precious metals are moving up and threatening to breakout, the dollar continues to struggle, and the biggest move and breakout of the week is copper. All of these moves on the back of a news and data heavy week with the Fed meeting, Q2 GDP, and a large numbers of companies reporting earnings. Chris Temple joins me to discuss what he thinks is driving the markets and the important aspects investors should be watching.
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Hang onto your hat…the ride is moving
Priebus ….took the bus out of DC
What a week….the weak are OUT…New Ballgame ..
Bathroom rules sure to follow….Libby colleges are going bye bye next…jmo
The FED check is next
Yesterday was the end for LIBOR..
Not quite. House committee wants them to investigate.
ABOUT BLANKING TIME!
The Fangs are Out….Amazon is being questioned for antitrust. Bezo looking to eliminate 200,000 jobs by robots.
FBI GENERAL COUNSEL. .under investigation for leaks
The worm has turned
It’s coming.
Endless wars about to change
House special vote …to discontinue undeclared conflicts.zh
OOTB,
The Russia sanctions bill could cause ww3.
Congress passed this bill that takes away executive power from the president. The president controls the ability of treaties and sanctions, not congress! They also are trying to take authority of military decisions. Or should I say, take away his executive authority away of being commander and chief. These two actions that congress has passed is taking away the executive branch of government! There is a law against conspiring to change the government and circumvent the constitution!
They will find that is unconstitutional.. .
Concerning the president.
The article is talking about ending continuous conflict which should be no concerns of Americans …
The” sanction bill..” is another bill , I think.
People need to wake up and throw these idiots out
I think they just threw them selves out.
They put them selves in the noose. Let see if Trump kicks the chair.
Hope so
Maybe Trump will pull a sneak attack on the congress while on their August recess… 🙂
Russian poking … is not wisdom
Russia said they are staying in Syria for the next 50 yrs.
As I expected, the broken uptrend of the miners a few weeks ago was not for real and not a big deal:
http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=0&dy=18&id=p47080161330&a=528708013
Latest Gary Savage:
https://blog.smartmoneytrackerpremium.com/
Michigan consumers confidence fall..zh
Doc must not have purchased those gold plated sinks
Anybody been to Detroit. lately….understand they took gov’t funds and misused them ….tore down houses in lieu of building new …..guess they figured why build new if every one is leaving.
Too MUCH DILUTION:
Aurvista Gold 31,034,150-share private placement
2017-07-27 16:33 ET – Private Placement
The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on June 2, 2017, and June 14, 2017.
Number of shares: 16.4 million common shares and 14,634,150 flow-through shares
Purchase prices: 25 cents per common share and 41 cents per flow-through share
Warrants: 31,034,150 warrants to purchase 31,034,150 common shares
MILLROCK TAKES EQUITY STAKE IN COVENTRY RESOURCES THROUGH SALE OF STELLAR COPPER-GOLD PROJECT (ALASKA) AND BEGINS DRILL PROGRAM
Millrock Resources Inc. has closed the sale of the Stellar copper-gold project to Vista Minerals Pty. Ltd. Upon completion of the deal, as previously announced, Vista successfully merged with Coventry Resources, which owns an option on the adjacent high-grade copper Caribou Dome project. Coventry simultaneously announced that it had successfully raised $5.5-million (Australian) to further exploration. Upon closing of the three-way deal, Millrock now owns 10.6 per cent of Coventry Resources.
Copper – What The #%@*
July 26, 2017 – by Peter Grandich
THE FOUR D’S — on debt , deflation , demographics, and density
by Kevin Muir – 25 Jul 2017
Trump will be in trouble for tax deductions when his casinos went bankrupt.
The democrats will eventually get the IRS involved. The danger is that Hillary is a much bigger fraud. She knowingly defrauded taxes via her “{Clinton Foundation” and Bill and Chelsea as well as Hillary deserve jail time.
Obama looks like he is using a similar tax-free foundation to evade taxes too.
We should not even have an IRS.,if you consider the fraud ..created by The Act of 1871
Besides the fraud of a central bank.
Hilly and the foundation are guilty of far worse Crimes than tax evasion….jmo
The loonie looks like it just might tack on another big move before taking a long break:
http://stockcharts.com/h-sc/ui?s=%24CDW&p=W&yr=3&mn=7&dy=0&id=p31878623478&a=529054473
A pity hausfrau Merkel was not doing some food shopping:
https://www.nytimes.com/2017/07/28/world/europe/one-dead-in-knife-attack-at-hamburg-supermarket.html
Meanwhile elsewhere in Germany is enduring a fresh round of sexual assaults by Muslim migrants, but until police are less concerned about being called “Islamophobes” than they are about the safety of German women, the attacks will continue.
In one case, a German father is being called a hero for rescuing his daughter from a Syrian refugee who had stalked her as she was walking home early Sunday morning from a disco.
The woman, 23, called her 57-year-old father to say “there’s a man following me home dad…”
He raced to the scene in a push scooter, only to find the man had punched his daughter almost unconscious, was on top of her and tearing off her clothes, the U.K.’s Express reported. He had dragged her from the side of the road into some underbrush.
He pulled the drunken Syrian off his daughter, punched him several times and pinned him down while calling police on his cell phone. The Syrian is facing charges of assault and attempted sexual assault.
The Syrian, 23, lives in an asylum seekers’ home in Kleve, according to the Express.
“This man is a hero,” said police. “He saved his own daughter from something terrible happening to her.”
The story was reminiscent of another attack last month in Austria in which a group of teenage migrants attacked a girl in a subway in Austria and were about to rape her when two men arrived on the scene and scared off the gang.
This would be good time to have sharia law ,and cut off the guy’s nuts..
But in Egypt:
https://www.youtube.com/watch?v=ku1Y2vJtpLE
David Morgan
sprott weekly wrap
https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-72817
https://www.youtube.com/watch?v=0UJfwiqnfsc
alex jones on assassination talk by democrats/CNN
Better not…
Alex Jones Rants as an Indie Folk Song
and since you brought up Alex Jones….
We’re Being Invaded By South American Walruses
what a lunatic…. 🙂
He broke the ice .. . 🙂
Shake out…Priebus OUT
Gen Kelly is now the man
Gene Kelly was a liberal democrat. Fred Astaire is the man.
Interesting….
Wonder if he promotes transgender operations.
🙂 .. funny… just got that
US Sanctions Aimed at Russia Strike Western European Allies
Ron Paul Institute – by diana johnstone – friday july 28, 2017
Do we really want Canada’s energy sector to come back – ever?
Desjardins | 2 days ago
http://www.mining.com/web/really-want-canadas-energy-sector-come-back-ever/
Zinc and Cobalt look good; gold and silver are consolidating, says Elysee Development
Caesars Report | about an hour ago
“First of all I believe that zinc and cobalt prices will continue to perform well over the next couple of years. We are also looking positively towards vanadium (yes, another one of those ‘specialty’ metals), hence our investment in Largo Resources (LGO.TO).”
“Furthermore I wouldn’t exclude a revival of the uranium price. Some of the world’s largest producers have cut back production. In addition demand out of India and other countries that are building new nuclear plants should start to kick in over the next few years. That’s why we acquired small positions in several junior uranium companies and continue to look for opportunities in this sector.”
http://www.mining.com/web/zinc-cobalt-look-good-gold-silver-consolidating-says-elysee-development/
Both #Gold and #Silver Prices Climb for the Third Consecutive Week
July 28, 2017 – by Gary Wagner #TechnicalAnalysis #Charts #VIDEO
https://thegoldforecast.com/video/both-gold-and-silver-prices-climb-third-consecutive-week
Key #Gold Market Candlesticks
Morris Hubbartt -July 28, 2017
Super Force #PreciousMetals #Video #TechnicalAnalysis
(double click the several embedded $Blue links for the Video segments)
Fed QT Bearish for Stocks
Adam Hamilton – Jul 28, 2017
http://www.321gold.com/editorials/hamilton/hamilton072817.html
WOW i look away for 1 day and D J TRUMP has now fired prebius a close ally of Paul Ryan . More fires to come. Those in the party who bowed to touch the feet of TRUMPET mouth now see he is at war with HILLARY OBAMA the press , and alost the whole REPUB party . I am the only car in the 500 car parking lot at huge winco foodstore that has a bumper sticker left . Mine says Johnson Weld . ALL the TRump stickers [ there were many ] are gone . A very few Bernie stickers left, I dont here anyone in food stores extolling TRUMPET mouth anymore. SAD S
Ryan..Will be next..
They have been saying for months, Priebus was a problem.
Good riddance to Priebus.
The swamp begins to drain.
Chart: Ranking the World’s Most Valuable Brands
JEFF DESJARDINS on July 28, 2017 – Visual Capitalist
http://www.visualcapitalist.com/chart-valuable-brands-world/
Thursday morning, the Amazon CEO became the richest man in the world when Amazon’s stock soared on earnings expectations. By noon, when Amazon stock topped $1,082 per share, Bezos’ wealth soared past $92 billion, putting him past Bill Gates.
But after disappointing earnings, Amazon stock plunged — and so did Bezos’ net worth. Amazon stock opened at $1,011 and kept falling. His fortune fell by more than $6 billion from its peak on Thursday in recent trading. Bezos owns slightly more than 16 percent of Amazon.
__________________________________________________________________________
Amazon’s stock may struggle awhile after this epic earnings miss, history shows
John Melloy |12 Hours Ago
“Amazon’s EPS miss greater than $1 a share was its biggest since at least 2001.
Amazon’s average return the day after a big earnings miss was negative 2.9 percent, according to hedge fund analytics tool Kensho.
The stock’s average return one week later (bought at Friday’s close) after a big earnings miss was negative 1.7 percent.”
https://youtu.be/WFuZABFzVoo?t=32
ira’s end of day
Another solid week for gold and silver. The next week or two is pivotal. Can gold close above $1300 solidly and make a run up towards the $1360 mark or does the status quo remain?
If the dollar continues towards the 90 level, surely we get a PMs climb… unless the mysterious cap gets put on the market
When is a spade….
https://www.youtube.com/watch?v=FXZSEHVtWOE
At the next Republican convention I would like to see three Republicans — Sens. John McCain of Arizona, Lisa Murkowski of Alaska, Susan Collins of Maine — be stripped of their Republican affiliation, because they are really Democrats going under a Republican cloak. It is fashionable nowadays to unmask in Washington anyway.
Michael Oliver recently highlighted 1265 as a level that gold needed to rise above for a weekly close. The London p.m. gold fix missed it by a dime today but the August contract on the COMEX finished at 1268.40. More importantly, Monday is the last day of the month so it would be great to see gold add to today’s gain.
http://kingworldnews.com/this-will-signal-the-major-breakout-for-the-gold-market/
The odds look good for the bulls:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=2&dy=0&id=p57566078221&a=536931615
Good….let’s Get past $1307
While we’re at it can we get past $1377.50 🙂
3 Year Gold Chart:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=3&mn=0&dy=0&id=p02000698344
5 Year Gold Chart:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p13482534608
That Election Night Spike of $1338.30 would be nice to break to the upside as well.
Anaconda Mining grows footprint in Atlantic Canada
Trish Saywell – JULY 21, 2017 – The Northern Miner
“The strategy is to leverage Anaconda’s infrastructure in Newfoundland, including a fully-owned port facility at Point Rousse, and open up new deposits that can supply ore to its mill. “We have a lot of operating infrastructure in place,” he explains. “We have a mill and a tailings facility and the tailings facility will have a capacity of about 15 years once the Pine Cove open-pit mine is mined out.”
“The idea is for us to try to acquire or build other projects where they may not be economically viable as stand-alone operations because there isn’t enough resource to support the capital needed to build a full-scale mill or tailings facility,” he says. “We’ll still have to build infrastructure in certain places but the idea is not to build 100% of it. That way we can lower capital costs and perhaps put projects into production on a shorter timeline and use the infrastructure to grow the company.”
“On the exploration front, drilling at its Argyle deposit, which it discovered about two years ago, 4.5 km from the mill, has expanded the zone of mineralization down-dip and to the northeast.”
“Drill results released on July 13 include 3.63 grams gold over 12 metres starting from a depth of 58 metres; 3.22 grams gold over 4.0 metres from also from a depth of 45 metres; 1.56 grams gold over 3.0 metres from a depth of 77 metres; and 1.22 grams gold over 4.0 metres from 86 metres down hole.”
“The company currently is cash flow positive, and in the last six fiscal years its Point Rousse project has generated a total of $40 million in project-level EBITDA.”
“Over the next few years, Anaconda is well positioned for significant mineral resource expansion, production increases and further consolidation in Atlantic Canada,” Angelo says.
http://www.northernminer.com/news/anaconda-mining-grows-footprint-atlantic-canada/1003788205/
Why I’m Buying #Silver Instead of #Bitcoin.
Silver Future – Jul 28, 2017 #VIDEO
Randy Smallwood: Precious Metals are a Stable Haven to Keep Capital
Jul 28, 2017
“President and CEO of $WPM Wheaton Precious Metals, Randy Smallwood, talks about the company’s name change, provides an overview of silver streaming and talks about an exciting copper project.”
Byron King: All Things Favor Gold in the Medium to Long Term
Jul 25, 2017
“Gold may see some ups and downs in the second half of 2017, but in general it’s heading higher.That’s according to Byron King of Agora Financial — speaking from the sidelines of the #Sprott Natural Resource Symposium, King said he sees the yellow metal breaching $1,300 per ounce before the year is over.
“All things favor gold over certainly the medium to long term,” he commented.
That is a safe bet….from king….$1300….
Special council to investigate. Comey ,Lynch ,Clinton..zh