Comments on Gold, Copper, and The Flattening Yield Curve
Rick Ackerman joins me today to update some of the levels he is watching for gold and copper. We also discuss the continued flattening of the yield curve and what is means for the overall US markets.
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Interesting thoughts from Rick on gold and copper. Thanks.
If anyone has any thoughts on Glencore and this legal stuff that has manifested in recent days I would like to hear them?
Would love to see yhem stick it to Glencore. They’ve been bullying smaller producers and sticking it to them on concentrate and smelting costs for years and warping price discovery for Silver and Zinc prices for a long time by flooding the markets or “managing” supply. As for behind the scene deals with politicians and London fixers, there seems to be many that feel it is worth investigating further.
Stocks looks terrible relative to oil…
Dow:Oil weekly
http://schrts.co/Xkt6Xr
Hi Matthew – Would you mind giving me your thoughts on chart of TRCH (oil wildcatter/driller) and a potential target to take some chips off the table? It seems poised to breakout above $1.40 lateral resistance sometime this month. I was thinking around $1.80, but wondering if that is too conservative given the length of time the stock has been basing. I am also wondering if it might head down to its weekly BB around $1.15 before the breakout. Any thoughts you have would be much appreciated.
Hi Charles, TRCH looks good to me. The chart is mixed but net bullish. Downside risk appears to be very small when compared to the upside potential.
I’d consider selling some as it approaches $2 and more in the 2.20 to 2.45 area.
A move down to the lower weekly BB doesn’t seem likely.
The daily chart is also mixed and also net bullish…
I appreciate the look see and guidance.
Silver ALERT: Glencore Under DOJ Investigation…FINALLY!! (Bix Weir)
For close to 50 years the commodity/derivative market riggers have had a “free pass” from the long arm of the law….THAT IS NOW CHANGING! Get ready SILVER!
REALIST NEWS – Imran Awan Gets Sweetheart Plea Deal; DOJ Won’t Prosecute Alleged Spy Ring
https://www.youtube.com/watch?v=ACkU6LeqAac