Richard Postma - The Doctor Is In – Thu 7 Jun, 2018

Looking Ahead To The 3 Major Central Bank Meetings Next Week

Doc joins me to share his thoughts on the central bank meetings next week. We will hear form the Fed on Wednesday, the ECB on Thursday, and the BoJ on Friday. There are many different aspects to consider which include inflation and what could alter the course of the QT the Fed is going through.

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Comments:
  1. On June 7, 2018 at 12:17 pm,
    Snowy says:

    Doc, what do you think of Auryn here? It has had a few big drops recently.

    • On June 7, 2018 at 1:41 pm,
      Matthew says:

      It’s at a couple of supports at the moment — let’s see how it finishes the week.

      http://schrts.co/WK9NuX
      There are positive divergences since it became weekly oversold in December.

      *I do not own it.

    • On June 7, 2018 at 2:45 pm,
      RICHARD/DOC says:

      Snowy, I would say Auryn has at least another week of pain (maybe 2). I’ve been waiting for this stock to settle down here and it looks like I’ll be purchasing in the not distant future (not investment advice).

      • On June 7, 2018 at 3:37 pm,
        Snowy says:

        Thanks Mathew and doc

  2. On June 7, 2018 at 12:52 pm,
    irishtony says:

    So the FED/ECB/& BOJ are having their meetings over a period of three days , big deal.
    The chances are they have allready spoken to each other & have agreed to do whatever they do will benefit them, & not us plebs. These banks are broke & will do whatever to save themselfs…Inflation!!! well thats running away from them in the form of highter prices on goods & services that we the plebs need everyday, & not forgetting shrinkflation……2-3 % inflation…Dont make me laugh.

    • On June 7, 2018 at 2:26 pm,
      spanky says:

      They will do whatever it takes to pump credit into the system while keeping a lid on commodities and bond yields for as long as they can.

  3. On June 7, 2018 at 2:28 pm,
    spanky says:

    Arguably the BoJ’s decision on Friday is more important for gold than the FOMC’s.

  4. On June 7, 2018 at 3:40 pm,
    Chartster says:
    • On June 7, 2018 at 8:11 pm,
      Excelsior says:

      It was an interesting read.

    • On June 8, 2018 at 8:01 am,
      GH says:

      Thanks Chartster, will read.

      Since there are no politics threads lately, I’ll make this the politics subthread.

      Doesn’t get much shorter and sweeter than this:

      https://www.counterpunch.org/2014/11/04/a-brief-history-of-us-israel-relations/

      by: “Ambassador Andrew I. Killgore is the publisher of the Washington Report on Middle East Affairs and a retired diplomat who served as a career foreign service officer in Frankfurt, London, Beirut, Jerusalem, Amman, Baghdad, Dacca, Tehran, Manama, and Wellington and as a desk officer in other Near East and South Asia regional bureau positions in the State Department in Washington before his assignment as U.S. Ambassador in Doha. Ambassador Killgore received the “Foreign Service Cup” in 1997, the citation stating: “For impressive contributions to increased awareness and understanding of the Middle East and the many dimensions of United States’ interests in the area.” “

      • On June 8, 2018 at 8:03 am,
        GH says:

        Against Our Better Judgment: The hidden history of how the
        U.S. was used to create Israel, by Alison Weir

        http://www.balderexlibris.com/index.php?post/Weir-Alison-Against-our-better-judgment

        (zipped PDF downloadable at above link)

        • On June 8, 2018 at 8:04 am,
          GH says:

          Killgore: “Alison Weir must be highly commended for throwing such a brilliantly hard light on the relationship between the United States and Israel. I hope this marvelous book gets all the attention it deserves.”

  5. On June 7, 2018 at 4:18 pm,
    spanky says:

    I’ll say it again. The 50 WMA crossing below the 100 WMA for pretty much every mining stock is a terrible sign.

    going back 30 or 40 years, pretty much every time that has happened it both those MAs proceed to cross below the 200 WMA.

    What this means is that there is a very very high likelihood that the miners will be headed lower over the next year.

    That being said, it’s possible that we could get a sucker’s rally back to the now downward sloping100 WMAs. My bearish outlook will only be proven wrong if price rockets well past the 100 WMA for a couple of months, or the 50 WMA manages to cross back above the 100 WMA.