Rick is back with comments on the US markets and Gold
First a shout out to Rick’s baseball team the Rockies who put up a heck of a fight last night. I’m a huge baseball fan and this time of the year is the best for sports fans!
As for our interview Rick elaborates on his morning line of a couple days ago that says US markets are experiencing a parabolic move. He shares some targets on the upside where he things the markets could stop… at least temporarily. We also look at the gold chart. There is a balance he presents that is on the bullish side.
Click download link to listen on this device: Download Show
I sold my Google and Apple positions as the amounts invested were scaring me and today they took off. I bought back XOP yesterday and added more today. I have better luck with this. Also picked up a lot of USO yesterday. I expected oil to top at 52 once it held 47 and then I expected a move to just under 50 to near the 200 day and it did not get there. Maybe the last move under 50 for this year. Hoping.
BobUK, Please go long, I’m waiting to go short and then buy cheap.
Palisade radio:
https://www.youtube.com/watch?v=EhC_mM-4lLE
I want a packet of spring onion flavoured crinkle crisps and 12 bottles of golden ale.
No nuts – not a nut fan 😉
What about Samuel Smith’s nut brown ale?
Gower Gold or Wye Valley Butty Bach.
djia next target 23,000 then 25,000
To the MOON……………..and beyond……………….
Parabola? Maybe a bit over the top? The DOW has had at least five up-thrusts like this since the election. And since the Fed can’t allow things to reverse, will we ever see a major correction in our lifetime? FWIW, I’m planning on at least 5 more good years…..:)
Sounded like Rick was operating a forklift at the Amazon warehouse where he has an office;)
Not that I am paranoid but the markets are waiting until I go massively long and then they will crash 70%.
You all should be paying me money not to go long 🙂