A 2018 Outlook For US Equities and Safe Haven Assets
Chris Vermeulen, from the GoldandOilGuy.com shares his thoughts on the US markets and safe haven assets for next year. We look at some of the extreme data that points to a market top and how to play a pull back.
Click here to visit Chris’s website and read over some of his free content.
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Hang on……….bitcoin and market going down……….
http://www.zerohedge.com/news/2017-11-29/nasdaq-bitcoin-are-plunging
OUTAGE PROBLEMS…………on cryptos………
https://www.cryptocoinsnews.com/bitcoin-exchange-coinbase-suffers-amid-trading-frenzy-record-highs/
Bitcoin pronounced ‘un-Islamic’ by Turkish religious authority
reported on RT today.
BUNDESBANK……..no bubble in Bit……………
http://www.zerohedge.com/news/2017-11-29/bitcoin-tops-11000-bundesbank-sees-no-bubble-stiglitz-says-should-be-outlawed
Silver should be on a rocket ride……..if not for the COMEX……
Silver got creamed today but we expected a pullback in the metals stretching into mid December before the FOMC rate hike.
Most of the tax loss selling is already completed in the miners, but this dip may be the final capitulation for any remaining tax loss selling over the next 2 weeks.
Was just over at ceo…….pulled up a great article and posted http://silverseek.com/commentary/life-under-manipulation-16971
Bitcoin is stealing all the thunder……..I have posted several article, I know no one likes talking about, but,…………Things have changed dramatically in the last two weeks.
exampleWELL, look who is coming to the party…………….
https://www.cryptocoinsnews.com/breaking-nasdaq-plans-bitcoin-futures-launch-2018-wsj/
We will soon have to start writing our Dear John letters…………. 🙂
WELL, look who is coming to the party…………….
https://www.cryptocoinsnews.com/breaking-nasdaq-plans-bitcoin-futures-launch-2018-wsj/
Party Time……..like it is 1999
No tmuch talk of Gold and SIlver….all bitcoin comments…Gold and Silver is a DEAD MARKET
It is not dead……just in a different cycle……..jmo
Problem with gold and silver is the miners…..should have colluded years ago…..and the price would be totally different…. The guy at First Majestic had it correct., …jmo
Bitcoin is at all time highs today and the Precious Metals are under pressure.
The PM markets will be lackluster for the next 2 weeks, but that is when it is best to go shopping for undervalued companies while nobody wants them.
Cryptos, pot stocks, and Lithium/Cobalt battery tech stocks have been the flavor of the year for 2017.
The PMs were basically neutral all year, stuck in a trading range, but 2018 will be the next impulse leg to higher highs. We’ll see more life come into the sector when that happens. Until then, wishing all traders a prosperous end to the year.
Metal should have been on the front burner for 2017…….with all the conflict in the USA,
With the constant hammering of the comex and fed….metals are on the back burner.
Trump has been a disappointment, concerning the cftc…
But, I will say, he has his hands full, maybe the clean up of Sodom and Gamora take front stage………
Gomorrah……..sp
Go for More……just went off line
http://www.zerohedge.com/news/2017-11-29/why-tech-stocks-are-tumbling
That was pretty interesting about the glitch with Fidelity and the dump in the FAANG stocks with nobody to sell to.
Yes, one would have expected to see more strength in the PMs earlier in the year with dollar so weak and breaking to lower lows, and the confluence of geopolitical news, and in many currencies this was the case….. just not in dollar terms.
Personally, I place little interest in the metals responding to geopolitics as those issues are always temporary and fleeting. It is much more solid footing for Gold to be rising as a store of value because of financial concerns like interest rates, inflation, and concerns from the mountain of global debt.
those would be the same comments from JtheLong…………… 🙂
Please tell J….The Long hello for me, and if you talk to the The BOOT or The Claw or Frank from Moscow, please send them my regards. 😉
ditto , will do…………… 🙂
Ex, your good guy, and a goldbug, PMs will be under preassure,
Great time buy.
Its always a great time to buy, except at tops.
I honustly dont know how any regular on this site wouldnt already have their hoard stashed away.
Obviously in different countries around the world in private vaults of course.
Im a Rogers fan, I own PMs, Im not buying or selling.
Thanks B. For clarity I wasn’t talking about buying the metals or peoples “hoard” / insurance.
The price of gold or silver for people only holding it for insurance purposes should be irrelevant, as it is there for a monetary collapse scenario. 5-10% of savings in physical metals is fine, but there is no reason to come here or watch the price of Gold everyday if that is an investors only exposure to PMs.
Personally my only interest in the prices of metals is how that price level will effect the economics of the mining stocks I’m trading. It’s the same for Copper and Zinc as it is for Gold and Silver. The quest is to look for miners that will have the most upside leverage as the metals rise.
Yes, for the 3 years in a row it was a great time to buy the PM Miners during tax loss selling season and then trim them back before the PDAC event. I’ve been pretty consistent on this the last few years, and have consistently made money on that trade. That is much different than saying it’s always a good time to buy though.
There is typically a bullish impulse leg up starting in late December through Feb/March. We’ve been calling that the “Q1 Run”.
It is definitely not always a good time to buy mining stocks; but with low valuations and pressure in the underlying metals prices, then the miners will over-react to the downside, and this may create a few more situations where investors sell their dogs in tax loss sales. Again, most of the volume selling has already happened, but it will be finished over the next 2 weeks.
I said in Oct & Nov that I’d be willing to add my final tranche in PM miners the first 2 weeks of December in any weakness before the FOMC meeting on the 15th. I have built up some dry powder for just this reason. Tis’ the season.
good points
All facts Ex.
I say “good time to buy” as the goldbug community has been saying that since? o I dunno 2000? without stop, even as the price came down from 18-1900.
Actually, most places, Dent being an exception have been saying “good time to buy” forever. On here being no exception.
oops, another exception…Rogers.
So I guess I like to say it as it really is said so much its kinda silly. Gets to have no meaning.
The seasonal buying as an example is obviously dif. but with non stop “great time to buy” hows a person to know? lol
Ah yes, read the blogs. lol
I met with a real estate fellow today, tried explaining 5% gold ownership to him, he tried to explain owning the dow and bitcoin….He sorta won. but he got my point.
Thank B. Yes, I agree with you that the perma bulls endless pumping Gold all the way down from 2011 to 2015 hurt the sector credibility for sure. Many of those experts aren’t even commenting anymore as they lost their shirts. I’m a bit of a gold bug or silver bug philosophically, but I don’t focus much on the metals themselves or the end of the world. My interest is really in trading the mining stocks, and in particular the Juniors. I also get bored with Gold/Silver miners and actively trade the Base Metals and Battery Metals and Energy Metals mining stocks as well (ie… Copper, Zinc, Lead, Nickel, Cobalt, Lithium, Uranium, Specialty Metals).
Personally, my focus is as a short-duration swing-trader (looking at moves up/down of several days to several months), so I like to look for favorable set-ups for a rebound/sell-off, where a commodity or stock or sector is legitimately oversold/overbought.
The process mostly relates to focusing on technical levels to trade, but that information is of little value to longer term holders & accumulators. I also look for fundamental news that may produce a short-term move in a sector or specific stock. That means there are times I’m bullish on some miners but not other, depending on the setup.
In addition, there legitimately are underlying seasonal patterns like “Tax Loss Selling” the “Q1 Run” “PDAC curse” “Spring Fling” “Summer Doldrums” and “Fall Rally” that have a tendency to shape volume and sentiment in the metals and miners. Clearly no 2 years is alike, and there can be variations, but when you stack up several decades, there are tendencies and probabilities that make certain times of year more advantageous for either buying or selling as a general theme.
Ultimately each sector or individual stock should be looked at individually, but the macro backdrop is also important to consider.
By the way, the Dow & Bitcoin moves have been undeniably bullish for the last few years. Anyone that disputes that is silly, and they have been stellar rallies for sure.
However, I wonder how many gut-wrenching corrections the real estate guy has been through, and wonder how many landmines may lay on the investing path for the next few years?
Luckily for many of us, as resource investors, we have gut wrenching corrections on a weekly basis. It is character building 🙂
https://www.youtube.com/watch?v=jgWX-dh6RHs&feature=youtu.be
BIX take on silver and crypto……..miners are morons…….according to him…… 🙂
HERE is a good one……….Katy Perry ask Warren B…..what do you think on bitty
http://www.zerohedge.com/news/2017-11-29/katy-perry-asks-warren-buffett-his-thoughts-cryptocurrency
Joke, has been a joke for years………Comex, and Fedsters
Summation….of the entire joke
http://silverseek.com/commentary/life-under-manipulation-16971
Woodshed time…………….silver $16.50
To a gold bull these downswings are laughable. To a FANG Bul, this shit will drive you off a cliff. …………….(this was in the comment column)
Bagholders…………Fidelity Offline………
http://www.zerohedge.com/news/2017-11-29/why-tech-stocks-are-tumbling
Greed is good…..then again…….
And FINALLY………DID Janet just recommend…..bitcoin…………..
http://www.zerohedge.com/news/2017-11-29/did-janet-yellen-just-recommend-buying-bitcoin
But the punchline was when Yellen said she is also, drumroll, “concerned over the surging level of public debt.”
Jerry, youve turned into the official zerohedge comentater.
I have become bored, with the PMs……I am thinking of going into journalism ……. 🙂
Someone has to do it, since OWL has gone missing………
Thanks for the Out Of The Box investigative reporting.
I am thinking of changing my name again……Out of the Book….more fitting for a journalism major……… 🙂
definition of Gonzo reporting from Hunter S Thompson:
https://www.askideas.com/wp-content/uploads/2016/11/Gonzo-journalism…-is-a-style-of-reporting-based-on-William-Faulkners-idea-that-the-best-fiction-is-far-more-true-than-any-kind-of-…-Hunter-S.-Thompson.jpg
Sorry that link didn’t post correctly. Here it is.
One last Gonzo reporter image:
I like that one………..Gonzootb……. 🙂
bored with PMs is an understatement.
Novo was ok for awhile tho.
Just when you think it is safe……They sure are not making it easy….
Novo shares drop on sampling woes, revised geological model
Lesley Stokes – November 26, 2017 – The Northern Miner
http://www.northernminer.com/news/novo-shares-tumble-sampling-woes-purdys-reward/1003791713/
GGI Garibaldi was another high flyer in the Nickel/Copper space this year, but the drill results didn’t live up the inflated valuation. It was pretty exciting to watch on the way up and they way back down….
________________________________________________________
Garibaldi’s Golden Triangle discovery disappoints
Lesley Stokes – November 25, 2017 – The Northern Miner
http://www.northernminer.com/news/assays-garibaldis-discovery-disappoints/1003791691/
Unstoppable bitcoin rockets to $11,000 in massive sudden spike
Did I miss you posting this one jerry?
From RT
Yes, ….it is somewhere on this or another page…….. 🙂
that was hours ago………..
Ya, sorry, your first post was 12k, geez that bitcoin is moving.
Alot of young people had it figured from the start, Im feeling old and wrinkled. lol
Join the old fart club…………. 🙂
Hard for boomers set in their ways,…needing to change….while being right, but shown they are wrong………… 🙂
inflation in Russia has slowed to 2.4-2.5 percent.
Inflation having fallen below the four percent target has allowed the central bank to steadily cut the key interest rate to 8.25 percent per annum.
Sorry not us, seems the Russians have got their economy humming.
Yet another reason we should figure theyre evil.
I think they Jail their banksters……………….
They have more history with Rothchild….
Thats what I find scary, Does Russia China etc have the same bank as we do?
If they really do, its all a game, everything.
That Rothchild woman, “if my sons want there will be war”
I looked for some time but I couldnt find out for sure.
Even tho it makes sense they do have the same bank, we supported china during the 2nd war, and Russia as well as funding the overthrow of the Zar.
Maybe its obvious.
McAfee………..predicting bitcoin……..$1,000,000 by 2020……see at zh…..I would post the article but has some nasty comments in the title, just in case kids are watching….
What a day…………….bitcoin…..last post on this one for the day………maybe
http://www.zerohedge.com/news/2017-11-29/bitcoin-plunges-back-below-10000
market driven by excitement over new tax bill . If it passes 5 % upside to DJA . Trump not needed after he signs bill . they may just get rid of him hes a drag on REPUB congressmen next election. Pray for peace S
Not looking good…………….
Big JohnK, an investor/speculator with unsold Bitcoin’s in his hands is unlikely to say anything which will make it more difficult to dispose of them, unquiet as his private mind may be. The skies do not appear to be very bright. KABOOOOOOOM, Crash. LOL!
I hope you can sleep soundly tonight my friend, very soon the bullet that kills Bitcoin will be heard around the World. Help me I want out, I’m sorry you are one second too late. DT
Both Markets are crazy……..
Britain’s most celebrated scientist was not immune to the monetary charms of the South Sea Company, and in early 1720 he profited handsomely from his stake. Having cashed in his chips, he then watched with some perturbation as stock in the company continued to rise.
In the words of Lord Overstone, no warning on earth can save people determined to grow suddenly rich.
Newton went on to repurchase a good deal more South Sea Company shares at more than three times the price of his original stake, and then proceeded to lose £20,000 (which, in 1720, amounted to almost all his life savings).
This prompted him to add, allegedly, that “I can calculate the movement of stars, but not the madness of men.”
There is an interesting diary that was written in 1720 called Boswell’s London Journals. He chronicles what it was like to live in London at that time. Fascinating reading and very scary because there were no police and you never went out at night without being armed and in the company of at least two or three other men. In fact at that time people that wanted to travel would make sure they got to an inn before it was dark. Crime and prostitution were rampant because there were no jobs for single women and those on their own. DT
THere are some cities in the US, that qualify as scary…….mix the date around and you have 2017….
Bitcoin $12,000 in South Korea…………..
https://www.cryptocoinsnews.com/bitcoin-price-nearly-12000-south-korea-japan/