Chris Vermeulen - The Gold and Oil Guy – Tue 23 Jan, 2018

4 Key Markets At Levels Not Seen In 3 Years

Chris Vermeulen, Founder of TheTechnicalTraders.com joins met today to look at the markets that are breaking out in early 2018. The USD, oil, copper, and treasuries are all at levels not seen since 2014. Plus as Chris notes the precious metals are also very close to breaking out which could be the final push to make traders move into the commodities sector even more.

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Featuring:
Chris VermeulenCory Fleck
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Comments:
  1. On January 23, 2018 at 11:01 am,
    CFS says:

    Commodities, being priced in US Dollars are inverse to the value of the dollar if they are constant in price in the rest of the world.

    Off Topic:
    In the potential vacuum expected as U.S. eithdraws from the Middle East, there is a surge of alliance among three nations, Cyprus, Greece, and Israel.
    To come: Roumania, Bulgaria, a bunch of others, all concerned to share desalinization and trade, plus urgent security concerns concerning Iran.
    The Cypriot PM has a phone on his desk with direct connection to the PM of Israel.
    PM Modi has been highly supportive; moving and touching meetings.
    The “drizzle”: “The drizzle (of rockets) has been still going on for Israel. . . . for the inhabitants of the region it has been a terrible reality.”
    Israel is building a wall that goes down dozens of feet and above ground for around 20 feet.
    Gaza is on the edge of collapse as most state employees haven’t been paid in a dog’s age. *UK Telegraph: “The subterranean wall is being built using similar construction techniques to those used for the foundations of skyscrapers or large underground car parks. Israeli teams are digging into the earth and dropping down vast metal grates around which they pour concrete. “The wall will only be one-meter thick but officials said they were confident that the barrier would be enough to keep out future tunnels. “While the wall might neutralise the threat from tunnels, officials said they expected Hamas to continue investing in drones and heavier rockets to keep up their offensive capabilities.” Who cares if refugees live in poverty and squalor.
    And, of course, according to R.M. these defensive measures are all illegal; while Cyprus, Greece and Israel should have no concern over peaceful Iran.

    • On January 23, 2018 at 12:15 pm,
      Excelsior says:

      US Dollar at 90.11 (may turn into a 911 for the greenback).

      • On January 23, 2018 at 1:03 pm,
        OOTB Jerry says:

        Not looking good……..inflation taking place under your nose……. 🙂

        • On January 23, 2018 at 1:04 pm,
          OOTB Jerry says:

          I said earlier, …..close to breaking to 89

          • On January 23, 2018 at 1:04 pm,
            OOTB Jerry says:
          • On January 23, 2018 at 1:42 pm,
            Excelsior says:

            Yes sir. Back in August & October I mentioned that if the US dollar broke the 91-92 support, that the buck could break down into the high 80’s and would lead to higher prices in the metals and miners. (not a very popular idea back at that time, where it seems so obvious now).

            __________________________________________________________________

            > On August 20, 2017 at 6:09 pm,
            Excelsior says:

            “We need a fresh catalyst I feel.”

            “If the US dollar fell out of bed down through 92 and into the high 80’s would that do the trick?”

            -> On October 17, 2017 at 6:52 pm,
            Excelsior says:

            “At this point it is looking like Gold and Silver have more work to do, but I can’t help pondering what we discussed back in August — That if the US Dollar cannot mount an impressive reversal higher, and instead just pauses here and rolls over, then that might be the very “catalyst” that the metals and commodities need. Cory mentioned in the interview above that the Dollar really hasn’t shown any meaningful strength after starting to rebound.”

            “If the Dollar rally fizzles from here and breaks back down below 91-92, then it could be a surprise that catches most traders off-sides.”

          • On January 23, 2018 at 8:26 pm,
            Excelsior says:

            US Dollar currently at $89.86 and sinking.

            Unfortunately for those that thought the greenback would hold at support at 92 and trade in a range between 92-98 were sadly mistaken.

          • On January 24, 2018 at 5:19 am,
            Excelsior says:

            US Dollar – 89.63

            Gold – $1351.70

            Silver – $17.28

            Oil – $64.73

            Inflation – rumble rumble….

  2. On January 23, 2018 at 12:49 pm,
    Excelsior says:

    @Goldfinger – “Bullish day for $gold miners after a shakeout early in the trading session:”

    http://cdn.ceo.ca/1d6f778-GDX_Daily_1.23.2018.png

    • On January 23, 2018 at 1:25 pm,
      Excelsior says:

      @Goldfinger – “Gold miners have a strong tendency to continue higher for at least two weeks after a “golden cross” (50-day moving average crossing above 200-day), golden cross imminent in $GDX. “

  3. On January 23, 2018 at 1:00 pm,
    Excelsior says:

    Bitcoin wallet devices vulnerable to security hacks, study shows

    January 23, 2018, University of Edinburgh

    https://phys.org/news/2018-01-bitcoin-wallet-devices-vulnerable-hacks.html

    • On January 23, 2018 at 1:11 pm,
      OOTB Jerry says:

      Bush wack and with a security hack……..

      • On January 23, 2018 at 5:18 pm,
        Excelsior says:

        paddy wack….. give a dog a bone…..

        • On January 23, 2018 at 5:20 pm,
          Excelsior says:

          Correction:

          With a knick-knack, paddy whack, Give a dog a bone, This old man came rolling home.

  4. On January 23, 2018 at 2:41 pm,
    Markedtofuture says:

    Pio.AX PIONF Pioneer Resources – Cobalt Potential Confirmed by Drilling at Golden Ridge

    https://www.asx.com.au/asxpdf/20180124/pdf/43r0cqm7jtzzky.pdf

  5. On January 23, 2018 at 3:57 pm,
    Excelsior says:

    > Joe Mazumdar “A year of living dangerously…”
    January 2018, Metals Investor Forum: #MIF #VIDEO

    https://www.youtube.com/watch?v=xR0eGa50Oqc

  6. On January 23, 2018 at 5:35 pm,
    Markedtofuture says:

    “Jaw-dropping” Text Message By FBI Agent Suggests No Trump Collusion With Russia

    “You and I both know the odds are nothing. If I thought it was likely, I’d be there no question. I hesitate in part because of my gut sense and concern that there’s no big there there.”

    https://www.zerohedge.com/news/2018-01-23/jaw-dropping-text-message-fbi-agent-suggests-no-trump-collusion-russia

  7. On January 23, 2018 at 5:37 pm,
    Markedtofuture says:

    Comey Chief Of Staff Who Worked On Clinton Exoneration, Quits FBI One Week After Congressional Testimony

    One week after testifying to various House committees in conjunction with an ongoing probe into the bureau’s conduct while investigating former Secretary of State Hillary Clinton’s mishandling of classified information, CNN reports that former FBI Director James Comey’s chief of staff, James Rybicki has quit.

    https://www.zerohedge.com/news/2018-01-23/comey-chief-staff-quits-fbi-one-week-after-testifiying-congress

  8. On January 23, 2018 at 7:57 pm,
    Markedtofuture says:

    Jan 23 2018 17:36:34
    Q
    !UW.yye1fxo
    ID: 384dbe
    139507
    The light will reveal those on the team and those pretending to be.
    This is not a game.
    They want us divided.
    Last posts [self destruction] will immediately show the world the TRUTH.
    Instructions will be sent on how to preserve offline.
    You didn’t think this was simply about words did you?
    We have it all.
    Coming soon to a theater near you.
    Q

    https://qcodefag.github.io/

  9. On January 23, 2018 at 9:09 pm,
    Excelsior says:

    Ira Epstein’s Metals Video (1/23/2018)

    (Technical Analysis, Gold, Silver, GLD, GDX, Copper, Platinum, Bitcoin)

    https://www.youtube.com/watch?v=Id8FCFdH0BA&t=708s

  10. On January 24, 2018 at 4:09 am,
    Ozibatla says:

    Well Ex there goes the 90 mark for the almighty dollar. If this fall through 90 holds over the next few days we just might see gold pierce “that” region weve repeatedly discussed in the past. Not getting carried away at all but some renewed strength in the PMs is good to see.

    • On January 24, 2018 at 6:24 am,
      Excelsior says:

      Hi Ozibatla. Agreed sir. As we discussed, back in August & October, I’d much rather see the PMs move higher on monetary and economic drivers, rather than short-lived geo political events. We discussed last Summer and Fall that if the dollar broke it’s support at the 92-91 zone near year end or early 2018 that the high 80’s would be the next stop……. and here we are. 🙂

      Now it will be interesting to see if this impetus gives gold enough juice to get above the 2017 high of $1362, and much more importantly the 2016 high of $1377 on this rally. If not, I have little doubt that we’ll break those levels later in the year.

      If/When those levels are taken out, it will put to rest the silly notion from some PM bears that they are still in their bear market once and for good. Cheers!

      • On January 24, 2018 at 6:26 am,
        Excelsior says:

        At present:

        Gold $1352.80

        Silver $17.34

  11. On January 24, 2018 at 1:05 pm,
    Ozibatla says:

    Look I agree. That 1377 mark is key in all this though. With 2 days to go in the trading week, I would love to see gold hold 1362 and silver approach 18.