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Gold – The Fed Rate Hike and Correlation With The USD

Cory
December 8, 2017

Doc joins me today to focus on gold in terms of the upcoming rate hike and its recent inverse correlation with the US dollar. Many gold bulls are pointing to next week when the Fed raises rates as a time when gold will bottom. This has happened the last 2 years but as doc notes the bounces have gotten weaker. As the the US dollar, when it bottomed in September gold topped at the exact same time. Since then it has been gold lower and dollar higher.

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Discussion
16 Comments
    Dec 08, 2017 08:07 AM

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

      Dec 08, 2017 08:50 AM

      Pardu, I can’t talk to the fundamentals but as far as the technicals are concerned, it looks pretty good. On the monthly, it’s sitting right at the lower BB and doesn’t appear to have much downside though it could move back to 1 again.

    Dec 08, 2017 08:35 AM

    Stick with Pan Am, TWA, Eastern Airlines, and Braniff. They can’t go any lower.

      Dec 08, 2017 08:18 PM

      BB; I can’t find those symbols.

        Dec 08, 2017 08:32 PM

        Those are all old airlines that went belly up.

          Dec 08, 2017 08:14 PM

          The Aviator | ‘Smoke & Mirrors’ Leonardo DiCaprio, Alec Baldwin

          “With both his business and mental health in a downward spiral, Howard (Leonardo DiCaprio) still refuses to sell TWA to Juan (Alec Baldwin) of Pan Am.

          https://www.youtube.com/watch?v=SiWlvGijfOQ

          Dec 08, 2017 08:28 PM

          BB; I don’t want you to think the good doctor is not on top of things—I’m old enough to remember those dinosaurs and their demise—I was tongue in cheek.

    Dec 08, 2017 08:58 PM

    You have to be joking………………..Mueller’s right hand man….and Hilly’s server
    http://www.zerohedge.com/news/2017-12-08/muellers-right-hand-man-represented-hillary-clinton-it-staffer-who-installed-her-ill

      Dec 08, 2017 08:00 PM

      Fox News host Tucker Carlson has obtained documents which reveal Aaron Zebley, considered to be Special Counsel Robert Mueller’s “right hand man,” defended Hillary Clinton IT staffer Justin Cooper – a Bill Clinton aide that installed the “private, illegal” server in the Clintons’ Chappaqua home described by Politico as “jerry-rigged.”

        Dec 08, 2017 08:02 PM

        They should just arrest MUELLER NOW…………Where is the DOJ

      Dec 08, 2017 08:53 PM

      I posted this before , I had an opportunity to hear Ullman…….

      Dec 08, 2017 08:11 PM

      Fox News reported:

      Initially senior department officials could not provide the reason for Ohr’s demotion, but Fox News has learned that evidence collected by the House Permanent Select Committee on Intelligence (HPSCI), chaired by Rep. Devin Nunes, R-Calif., indicates that Ohr met during the 2016 campaign with Christopher Steele, the former British spy who authored the “dossier.”

      Later, a Justice Department official told Fox News: “It is unusual for anyone to wear two hats as he has done recently. This person is going to go back to a single focus—director of our organized crime and drug enforcement unit. As you know, combating transnational criminal organizations and drug trafficking is a top priority for the attorney general.”

      Additionally, House investigators have determined that Ohr met shortly after the election with Glenn Simpson, the founder of Fusion GPS – the opposition research firm that hired Steele to compile the dossier with funds supplied by the Hillary Clinton campaign and the Democratic National Committee.

      By that point, according to published reports, the dossier had been in the hands of the FBI, which exists under the aegis of DOJ, for some five months, and the surveillance on Carter Page, an adviser to the Trump campaign, had started more than two months prior.
      The DOJ, as well as Robert Mueller’s deep state led investigation, had previously covered up Ohr’s anti-Trump activities and would most likely have continued doing so if not for the reporting of James Rosen.

    CFS
    Dec 08, 2017 08:55 PM

    A Republican discussion of the Trump tax bills.

    https://www.youtube.com/watch?v=IVRLkx6Ns04