Technical Comments on Uranium, Gold and Gold Stocks, and US Markets
Rick Ackerman is back today and starts off by looking at a couple Uranium charts as requested. We also look at gold which is approaching a target Rick thinks it could bounce off as well as some comments on GDX. US markets and a target 10 weeks in the making is being approached so we wrap up the call with a focus there.
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Frank says he doing his way…..out the door……….http://www.zerohedge.com/news/2017-12-06/six-female-democratic-senators-demand-franken-resign-amid-new-sexual-misconduct-alle
First time since ww2…..shrinking group……..15-64 age group drops…..
http://www.zerohedge.com/news/2017-12-06/one-day-soon-sun-will-not-rise
This is going to effect a lot of everything you thought you had a handle on……
comparison of house and senate tax bills
Ira’s end of day TA
https://youtu.be/P0vPzWd6SFg?t=31
Pilgrim society courtesy of Steve S……………
lick HERE to see Trump in 1988 with Pilgrims member Brooke Astor, widow of inner circle Pilgrims member Vincent Astor, descended from John J. Astor (1763-1848), the “landlord of New York” who was the main domestic power in the gold and silver stealing second United States Bank (1816-1836). Vincent Astor had Franklin Roosevelt on his 264 foot yacht for an 11 day cruise in February 1933, on taking office in March 1933, Roosevelt issued Executive Order 6102 within one month and stole gold from Americans; and stole silver in August 1934 by E.O. 6814! FDR and Astor were cousins several times removed. Vincent Astor was a director of numerous corporations in communications, agriculture, finance, real estate, railroads, construction, hospitals, ocean freight and the silver suppressing Chase National Bank! Brooke Astor was a close friend of Pilgrims member David Rockefeller and was on Rockefeller University Council. Trump is cozy with Pilgrims member Ivan Obolensky, who has Russian royal roots and is an Astor relative; see #32 Silver Squelchers. Click HERE to see Trump with inner circle Pilgrims member Crown Prince Charles. Click HERE to see Donald Trump in 1993 with Paul Volcker (Pilgrims 1980 roster) who led the destruction of the Hunt/Arab silver play and broke the Hunts out of around 60MOZ silver by 1986! Click here to see Trump with hedge fund operator Dixon Boardman (Pilgrims 1990 list) who married into European royalty. THE PRESIDENT CAN ORDER US INTO WAR AND SEIZE YOUR GOLD AND SILVER AT THEIR SIGNAL ON NATIONAL EMERGENCY DECLARATION, AND MAJOR SITES DEEM “NO NEWS TO HIGHLIGHT HERE, GIVE SOFT DRINK TAXES REVVED-UP HYPE COVERAGE INSTEAD!” Same scandalously neglectful situation over the Texas Bullion Depository and the severe corruption issues surrounding it! What’s the use of having the same hobby horse figures on a merry go round all the time, and they never mention this Pilgrims group interfering with our lives from the top down????? TRUMP IS ALLOWING VANDERBILT FAMILY AGENT CHRIS GIANCARLO TO HEAD THE CFTC. TRUMP (PILGRIMS SOCIETY) HAS NO PLANS TO SEE GOLD AND SILVER IN FREE MARKET TRADING
The Gulen Terrorist Network running the largest Charter School Network in the U.S compliments of the CIA and not being reported by the Main Stream Media.
Bought and paid for Politicians letting this happen.
Sibel Edmonds and Newsbud.
https://www.youtube.com/watch?v=pgIOcPmm2v0
Thanks Rick and Cory
Another Stinking Start to the Silver Market….. on Pearl Harbor Day……Sinking Silver prices …………………$15.74…..
Bitcoin hits $26,000 in Zim babble land………
More Demowits…………..Warren the Crooked
http://www.zerohedge.com/news/2017-12-06/cfpb-reportedly-funneled-billions-secret-democrat-slush-fund-consultant-claims
Scum Obama Organizer
[The CFPB] Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.
Good , get us out of there………
http://www.zerohedge.com/news/2017-12-07/abbas-us-can-no-longer-mediate-israel-palestinian-talks
My thoughts are that the markets and central banks did not care when they felt that money was flowing from Gold & Silver to bitcoin and other cryptos but the moment they feel that bitcoin money is flowing from the stock and bond markets and their currencies you can bet they will intervene and intervene in a big way!
Add this to the above thought…………….
http://www.zerohedge.com/news/2017-12-07/banks-issue-last-minute-warning-about-risks-bitcoin-futures-trading-asks-regulator-r
Futures Industry Association – have suddenly got cold feet about the risks. We don’t blame them, somebody’s going to get hurt, the only question is who. The banks are worried it could be them. The FIA’s “primary” members include all of the usual suspects like JPM, Goldman, Citi, Bank of America, Morgan Stanley, etc.
Bitcoin Soars…………..$16,000 ……….
http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000
Wasn’t there supposed to be an interview with Ivan Bebek last week??? Auryn looks putrid like a lot of the golds. Glad I shifted some more funds to pots and small caps in November. Wish I had shifted all of it though.
Goes to show………..
http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000
$19,000 and the bus just left the station…………
Flash in the pan………down 3000k
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/12/05/20171207_19k2.jpg
Bitcoin is canabalizing the rest of the Cryptos.
This is a traders dream.
This is partly an exchange effect, since many exchanges don’t take fiat, but require first purchase of BTC or ETH in order to buy other cryptos.
This is a consequence mostly of US money-laundering “know your customer” laws.
Oh, Boy the new Guru………Peter
Peter Brandt, a prominent trader and author, emphasized that given that an interim target at $14,800 has already been met, the price of bitcoin will likely surge to $18,800 in the near future.
Earlier this week, Brandt said that the price of bitcoin is expected to surpass $18,000 in 2018. In response, several investors and experts including John McAfee noted that the $18,000 mark will likely be surpassed by the year’s end. By the current price trend of bitcoin, unless a major price correction occurs, the price of bitcoin will be able to continue surging towards $18,000 throughout the upcoming weeks
I keep saying over and over,don’t just focus on Bitcoin. The returns on some of the other Crypto’s FROM TODAY will blow away Bitcoin.
This is the beginning of a very long game…………nothing wrong with focusing on bitcoin, because , this brings light to the other cyptos which will be surfacing .
I read an article yesterday, explaining your very thought……
thanks for the insight…………………………OOTB
I made a lot of money on chain letters in the 70’s………..lol
BTW…..never did get into AMWAY
Which reminds me………How is Betsy doing with the EDUCATION DEPT…….
17,000 kids drop out of school…….everyday…….I posted this yesterday
Of course what do I know. A person could have made pretty good money just taking the other side of my trades this year.
The correlation between the futures price of the metals and the stocks has been a hard nut for me to crack.
stay nibble
or stay nimble ….sorry, compute getting out of hand
Massive profit in Bitcoin covers a lot of trading losses.
Off Topic: Chinese build up of forces in China Sea
https://btr-nyc-grass-2.blogtalkradio.com/1002803486-854856691.mp3
Listening on Thursday to this broadcast. Rick obviously missed his gold buy target (1258). Presently at 1247.60 futures. GDX forecast still holding above his 21.40 buy.
Personally, looking for a good flush tomorrow, possibly followed by a rebound.
I have to agree about that flush but it just might mark a significant low.
The 200 week MA for GDX happens to 21.44 right now…
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=3&dy=0&id=p45801299098
The 600 DAY MA is currently 21.35…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p10167367143
At 9 minutes, GDX at 21.40 target was hit Thursday — will it hold?
Great chart analysis. Thanks again Cory!