Here’s A Variation Of The “Sell In May” Saying
As we kick off May we are seeing pretty much everything down except for the USD. Chris Temple and I discuss what is at play and why we should all be expecting the general downtrends in many assets currently to continue. We look at the S&P, the treasury market, what will come out of the Fed meeting, and the dollar.
The term this year should be “Sell in May and get the hell away!”.
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I haven’t listened yet, but if gold closes below 1308 today it won’t be pretty. And the conventional markets should have a big gap down tomorrow or real soon…
The strengthening US Dollar is adding to the PM weakness.
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Gold Tumbles To 2018 Lows As Dollargasm Sparks Dow Dump, Yield Jump
Tue, 05/01/2018
https://www.zerohedge.com/news/2018-05-01/dow-dumps-tech-jumps-dollar-rips-higher
oops………….I THINK IT CLOSED BELOW
Went to the coin shop today…………word on the street…….IT STINKS>>>>>>>>>
should have said I went to three coin shops…….of course they do not know crap…. 🙂
Nobody knows anything….. 😮
Australia’s Galaxy hires JP Morgan to advise on $376m-lithium project options
Cecilia Jamasmie | a day ago (GXY.AX) (GALXF)
Galaxy Resources waves off first lithium shipment from Mt Cattlin mine
Gann Global: “The probability a final top is in place in the stock market is becoming higher”. http://www.gannglobal.com/webinar/2018/04/18-05-01-Video-Offer-Is-Open-MF.php?inf_contact_key=44aa018bad00b23ec04d87793b651611afb03b1dd3fb0cf4fcb51ff63697a029
Question is “What happens to PMs?” Where’s Doc? Seems to me at these levels one can’t do much other than hold and bear the pain if it comes. JMO
Listened to that ………..good report……..email direct …..anyone a real paying customer of the Gann’s Report…….Seems like the guy is desperate for customers……..JMO
Subscribed last year but gave it up after 9 months. His system has a lot of merit yet it seems to drag on and on and on and on and on……………You get the idea? He does provide a couple hours of listening each week with updates, etc. And I believe he’s as honest as the day is long. That’s worth a lot in my book.
I agree about his merit and honesty but personally think his (bearish) first scenario should be his third. Based on everything I look at, it’s just not that likely.
The miners are acting well relative to the metals which makes sense looking at the gold chart. A low of some sort is likely coming very soon.
http://schrts.co/wzgEJX
Matthew: Do all those gaps during the Dec., ’17 rise spook you? Lots of ‘filling’ possible.
Those GLD gaps could get filled, no doubt about it, but gold itself looks a lot better…
http://schrts.co/YUeUxo
Gaps in the mining ETFs would be more of a problem but they aren’t there…
http://schrts.co/hGpgGG
Relative to gold, the miners are nowhere near their Feb/March lows.
GDX:GLD daily:
http://schrts.co/6XvFMX
Canadian dollar weakness in giving ZJG a boost…
http://schrts.co/k53gjE
I really enjoyed this. I thnk Chris could make reading out the Denny’s menu to be really interesting.
LOL……..that is a good one BOB UK………..
Ha ha .. hadn’t heard that one before…thanks!
Great insight Chris………….
Chris please do not mention Yellen…….MORONS……Rothschild A HOLES>
That’s what makes Powell interesting — not of the Rothschild tribe, only a proselyte — only practical difference int he end from that nameless woman is she was a policy wonk and Powell has real-world economic/investment experience. We’ll see how far that gets him when the chickens come home to roost once again.
Agree,………Powell might have a little insight in business, but, remember the rulers own 52 % of the FED/FRAUD CENTRAL BANK…..I doubt , he has any shares….. 🙂
The last time I checked , it only takes 51% to call the game………
I seriously hope everyone wakes up before they die……….
Commentary On Goldman Sachs’ Workforce Article
Banks need to be prepared for the RESET, when it occurs. Banks need to have the technology already in place when a RESET happens.
https://www.jsmineset.com/2018/05/01/commentary-goldman-sachs-workforce-article/
GOLD.
https://www.bloomberg.com/news/articles/2018-05-01/north-korea-is-a-bright-spot-for-billionaire-who-forecasts-crash