Wrapping up the markets for the week
Liquidity remains abundant throughout the financial market as US markets and commodities continue to perform very well. Doc joins me for a recap of the moves this week and to look ahead to the rest of the this month.
We hope everyone has a great weekend!
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Vinny signs up 800,000 miners………….bitcoin on the go
https://www.zerohedge.com/news/2018-01-05/venezuela-recruiting-miners-its-cryptocurrency
or should I say……….
According to Maduro, as many as 860,800 young people have signed up to mine the Petro so far.
Bitcoin Birthday……….9 yr birthday…….
http://www.maxkeiser.com/2018/01/kr1170-keiser-report-bitcoins-birthday/
Is The Trump Prosperity real? Lots of people do not think so, the figures of corporation profits and incomes leaves little room for doubt. DT
It’s interesting that for the last 3 months we’ve seen a “Stealth Rally” start up in the #Uranium stocks (like we normally do in November and December into the 1st quarter).
In the last 2 months, most stocks have outperformed what most general equities funds will do all year. #NotTooShabby
> 3 month #Chart of Uranium Stocks:
$CCO $EFR $URE $DML $UEC $NXE $FCU $UEX $PLU $GXU
Doc:
Happy New Year. Wondering if you had seen this article from ZH about the Fed’s short ‘VIX’ position? https://www.zerohedge.com/news/2018-01-05/fed-chair-makes-striking-admission-we-have-short-volatility-position
With the central banks all playing in the markets, how can anything ever go any direction but up? Except for VIX which will likely continue towards zero, just like the interest rates.
Doc, Do you still think we may have a minor correction in gold and silver in the near term before they move higher later in the year? What are your price points you think we will hit as pullbacks that would be a good place to buy gold and silver?