Gold and US Markets
Rick Ackerman joins me today to share his thoughts on the move up in gold and the continued strength in the US markets. For gold Rick has a target he is watching before getting too excited. For US markets Rick is seeing more of the same as we enter 2018.
Click here to visit Rick’s site for more technical commentary.
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Thanks for posting. Very encouraging.
Here’s a quality read from Hussman. Long, but good in that he takes a different tact on some subjects like projected growth than most other writers. He doesn’t see the growth potential that the politicians do: https://www.hussmanfunds.com/comment/mmc171218/
Silver goes first, Gold goes second: 2018 outperformers
Valentina Ruiz Leotaud | a day ago
“For the second year in a row, people -and commodity analysts such as those at TD Securities and the Bank of Montreal- are being bullish on silver. This is according to a survey conducted by precious metals retailer Kitco among the readers of its website.”
“Some 151 people, or 39% of the sample of 386 participants, chose silver as 2018’s most likely outperformer, with gold taking the second place with 27% of the votes, followed by copper with 25%, palladium with 5% and platinum with 4%.”
“Despite the optimism, silver has underperformed within the sector, up 5% since the start of the year. Gold is up more than 12% since the start of the year,” journalist Anna Golubova writes in the survey report.”
http://www.mining.com/silver-goes-first-gold-goes-second-2018-outperformers/
Bring criminal charges against JPM and watch silver move.
David – We’d all like to see that, but it is dubious that will ever happen.
For now, I’m just navigating the waters of sea based on the winds that are blowing…..
The Precious Metals Continue to Rally
Gary Wagner – Wednesday December 27, 2017
http://www.kitco.com/commentaries/2017-12-27/The-Precious-Metals-Continue-to-Rally.html
Timid short sellers? It may be for good reason – Lemetropole Cafe snippet…
The silver OI situation continues to bear monitoring. It is highly unusual to have its OI decreasing on days silver is rallying. Lately we’ve seen just this, what in non-rigged markets is known as a classic short covering rally. Normally both gold and silver’s OI’s rise in commensurate percentage to the rally in the metals, which is typical cartel action. Yesterday’s 15 cent gain in silver was accompanied by a loss in OI of 3,099. Silver has now rallied over $1.35 since Dec. 12, having gone up in 9 out of the last 11 trading sessions, while the OI during this period has declined by over 3,000 contracts. No matter WHO it is there is a definite fear of shorting down at these levels. Gold is not as much so, but still the shorting into rallies has bee mild by previous cartel standards. Apparently now even Kitco readers agree silver is the go-to investment in 2018: http://www.kitco.com/news/2017-12-27/All-Bets-On- Silver-In-2018-Kitco-s-Survey.html
Back on Dec. 12th I said:
“Silver OI is now back approaching record highs- 200K+ – with silver at $15.70! A billion ounce short position with the technicals as deeply oversold as they’ve been in a long time. Who could possibly be THAT dumb? I’m back to I’d rather stick my hand down inside a bee hive than short silver at these levels.”
“Funny thing. Silver is currently at $15.68, the RSI is at 26, the MACD is at -0.127, and the OI is at 203K as of yesterday. The last time silver was this deeply oversold was back on July 10th. On July 10 silver closed at $15.68, the RSI was at 26, the MACD was at -0.127, and the OI was at 207,952. Will today’s sell pressure add another 4k OI to silver, making its OI also identical to 7/10? Those are pretty huge coincidences. FYI July 10 was the absolute bottom, and from there silver rallied all the way back to $18.37 in fairly short order.”
Whoever it was that heavily shorted silver at $15.70 is experiencing a hand in the beehive moment. The miraculous identical nature of the RSI, MACD, and OI vs. last July 10 also proved to be identical in predicting the timing of the rally.
Crypto-carnage, crypto-nightmare, crypto-curse…… all of these descriptions are awaiting Bitcoin and other crypto investors who stick around too long. Oh, don’t forget, sticking your hand inside a beehive. To paraphrase an old saying, “a currency in the hand is worth 15,000 currencies in the cyber-bush.”
James Mc
Russian Finance Ministry suggests taxation of cryptocurrencies mining
MOSCOW, December 28. /TASS/. The Russian Finance Ministry suggests collecting a tax on mining [of cryptocurrencies – TASS] similarly to taxes on business operations, Deputy Minister Alexei Moiseev told reporters on Thursday.
Did Awans Cut A Deal? January Court Date Mysteriously Disappears From Docket
Reminder: Awan’s wife, Hina Alvi – who had fled to Pakistan in March with their children, struck a deal with federal prosecutors in September to return to the U.S. and face charges…
JW President Tom Fitton: Antifa Group Trying to Prevent JW from Obtaining Records on Berkley Teacher
Published on Dec 27, 2017
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One of JW’s record requests has fueled a tense legal drama between a middle school teacher who is a national organizer for a radical leftist group and the public district that employs her. The conflict ensued when Judicial Watch filed a California Public Records Act (CPRA) request with the Berkeley Unified School District (BUSD) to obtain information about the controversial teacher’s violent Antifa activism and whether
Allies of the teacher asked the federal court to issue a temporary restraining order stopping the release of relevant records. The court has now lifted that temporary restraining order allowing the case to proceed.
The teacher, Yvette Felarca works at Martin Luther King Jr. Middle School and is a prominent figure in By Any Means Necessary (BAMN), an organized militant group founded by the Marxist Revolutionary Workers League that uses raucous militant tactics to protest conservative speaking engagements. Over the summer Felarca was arrested and charged with several crimes, including felony assault, for inciting a riot in Sacramento, according to information provided by the Sacramento County District Attorney’s office to a Berkeley news outlet. Felarca was captured on video calling a man a Nazi and punching him in the stomach repeatedly while shouting obscenities at him.
New Novo interview- QH with Jay Taylor
https://jaytaylormedia.com/media/NovoResources20180102.mp3