Richard Postma - The Doctor Is In – Thu 7 Dec, 2017

The Nuances Of The Move Down In PMs

With the precious metals moving down again today and gold breaking the $1,260 support level we need to look at where this selloff could stop. Doc joins me to recap some levels he mentioned months ago in the $1,220 range. We also look to some of the other markets that can impact the metals. Unfortunately these sometimes correlated markets are not indicating that the metals should be selling off this week… except for Bitcoin which continues to skyrocket.

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Featuring:
Richard PostmaCory Fleck
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Comments:
  1. On December 7, 2017 at 9:54 am,
    OOTB Jerry says:
    • On December 7, 2017 at 2:41 pm,
      Tad says:

      Wow. People are gonna creamed aren’t they…

      • On December 7, 2017 at 2:41 pm,
        Tad says:

        Get

      • On December 7, 2017 at 4:18 pm,
        OOTB Jerry says:

        Looks like it to me…………

  2. On December 7, 2017 at 9:58 am,
    OOTB Jerry says:
  3. On December 7, 2017 at 10:07 am,
    JohnK says:

    Two weeks ago I posted can you smell the herd coming?
    Bitcoin is still to small to cause any real damage.
    The 800 lb Gorilla in the room is still the Conventional Stock Market.

    • On December 7, 2017 at 11:34 am,
      OOTB Jerry says:

      yes you did……..

      • On December 7, 2017 at 11:45 am,
        JohnK says:

        Jerry:
        I’m getting better at this. Thank God!

        • On December 7, 2017 at 11:51 am,
          OOTB Jerry says:

          Hang in there…….Remember……I crowned you Bitcoin Guru for a reason……. 🙂

          • On December 7, 2017 at 11:53 am,
            OOTB Jerry says:

            all good, I might add

    • On December 10, 2017 at 2:58 pm,
      silvernotabug dave says:

      If Bitcoin is so small how can we smell herd be coming? It’s too small. It will be interesting if the market cap of Bitcoin gets over $1 trillion on this rally; that would be about $60k/coin.
      Bitcoin can kill gold, silver and the PM mining industry because it’s an unknown quantity.

  4. On December 7, 2017 at 10:09 am,
    CFS says:

    Merry Christmas and Happy Sloshing/Hodling.

  5. On December 7, 2017 at 10:16 am,
    Jason says:

    Forget GOLD! I am making MEGA BANK on BTC!!!

  6. On December 7, 2017 at 10:24 am,
    b says:

    Business
    Another day, another record: Bitcoin juggernaut smashes $16,000
    Another day, another record: Bitcoin juggernaut smashes $16,000

    • On December 8, 2017 at 8:01 am,
      jhpace1 says:

      Bitcoin is supposed to go to $40,000 by mid-to-late 2018 by more than three analysts.

      Even at $16,000/Bitcoin, that’s still an impressive return in less than 12 months.

  7. On December 7, 2017 at 10:32 am,
    b says:

    oops, over 17k now, whens the blowoff gonna happen?

    • On December 7, 2017 at 10:39 am,
      JohnK says:

      b:
      There are 15 million millionaires around the world. There’s only going to be 21 million Bitcoins mined.

      • On December 7, 2017 at 10:42 am,
        CFS says:

        how do they know who’s a millionaire?

      • On December 7, 2017 at 11:02 am,
        JohnK says:

        Entrepreneurial profit is not a “reward” granted by the customer to the supplier who served him better than the sluggish routinists; it is the result of the eagerness of the buyers to out bid others who are equally anxious to acquire a share of the limited supply. -LVM-

      • On December 7, 2017 at 12:03 pm,
        Robert Moriarty says:

        JohnK

        Why don’t we just split them again for the 4th time?

        • On December 7, 2017 at 1:12 pm,
          JohnK says:

          Bob:
          You see I took some profits. There’s money to made.
          You see I do listen to you.

          • On December 7, 2017 at 1:14 pm,
            JohnK says:

            To bad I don’t read my posts before I post them .
            Money to be made.

  8. On December 7, 2017 at 10:40 am,
    CFS says:

    When it blows the Comex up.

    • On December 7, 2017 at 10:43 am,
      JohnK says:

      When NASA,the Russians, the Chinese come clean about going to the moon.
      Oh wait, that will be just another spike in price.

  9. On December 7, 2017 at 11:23 am,
    bonzo barzini says:

    Doc, could you get the Rose Bowl and Cotton Bowl to switch teams? Makes more sense for USC-Buckeyes to play the Rose Bowl and for Sooners-Georgia to play in the Cotton Bowl.

    • On December 7, 2017 at 11:28 am,
      RICHARD/DOC says:

      BB, now that makes sense.

  10. On December 7, 2017 at 11:29 am,
    OOTB Jerry says:

    December 7, 2017 at 8:50 am,
    OOTB Jerry says:
    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
    Reply to this comment

  11. On December 7, 2017 at 11:35 am,
    Jason says:

    Bitcoin broke 19k and we got gold nerds whining about how gold is not at 5,000 yet. I own physical gold and silver, I also own 3x paper silver, and I own 3 x junior / senior miners. So why don’t we stop the whining and go where the money is? Whining doesn’t make bank. But Bitcoin DOES!

  12. On December 7, 2017 at 12:35 pm,
    Silverdollar says:

    Doc seems very bearish. Now, basically warning months more of depression in prices for PMs. Not real helpful to a novice, except one shouldn’t buy until gold hits at least 1220.

  13. On December 7, 2017 at 6:09 pm,
    Paul L. says:

    I am staying out and hoping GDX gets to the 15 to 17 area.

  14. On December 8, 2017 at 10:01 am,
    pardu says:

    Doc, what do you think of Pan Orient Energy POEFF? Is it a good buy at .98 going forward into 2018?