Trump/Putin Press Conference Recap And A Drop In Oil
Chris Temple joins me to share his thoughts on the press conference today with Trump and Putin. We also look at the markets reaction (or lack there of) and the drop in oil.
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McCain is an evil swamp devil like the Bushes and Clintons, who have been trying to get Trump impeached since the election. They never miss a chance to attack Trump.
Are you talking about the man that passed a copy of the made up dossier to the FBI?
Putin didn’t know Trump was in Russia during the time. It’s amazing how these things flow together. Indictment of 12 Russians a few days before the latest trip?
Yes, the Senator from Arizona knew the Russian dossier was fake information, but his irrational hatred of Trump allowed him to provide one three sources for the dossier being given to the FBI.
I am sorry McCain was a POW in Vietnam, but he acted traitorously and, in my opinion is a person of very low character and even lower morals.
Most other POW’s have little respect for McCain. Google “When Tokyo Rose ran for President.” He helped bury the files forever on credible MIA info during congressional hearings. He is unhinged.
Since I try to back up gratuitous statements, the following is worth reading:
https://ghost.report/2017/05/18/john-mccain-is-no-war-hero-hes-a-traitor/
I can understand the hubris accusation because of his father and G. father’s standing in the Navy. However, a glaring mistake is evident in that he was not captured by the VC, the political/military arm of the communist effort in the south. He was on a bombing mission over N. Vietnam at the time he was shot down. The ghost reveals his own ineptitude here!
Who is the ghost? Anyone who can’t sign his name can’t be taken seriously. Really?
SD:
You are perfectly correct, The Viet Cong were in South Vietnam and McCain was shot down over Hanoi in North Vietnam.
That said, I was a Naval Aviator and flew a training flight with McCain in Meridian Mississippi in 1965. I was student, he was a ten year older instructor.
The rest of the pilots in the training command and in the fleet thought McCain was an ass and his sole claim to fame was daddy and grandpa.
He did give aid and comfort to the North Vietnamese and should have been courtmartialed. That aid and comfort is documented. He did more damage to those seeking to determine what happened to our POWs than anyone in power in an attempt to cover his treason as a POW.
Bob:
He could have very well been a spoiled, rotten ass for all I know. The crowd he was born into probably guaranteed that. There was no shortage of asses over there. Personally met several…………However, if the rest of the documented accusations are true, how did he end up with the career that he has? Arizonans are a pretty trough crowd to BS your way past………..just sayin’.
I found this one about McCain convincing:
http://www.theamericanconservative.com/articles/mccain-and-the-pow-cover-up/
His ‘Hanoi Songbird’ recording somehow turned up a few years ago, confirming things Doug Valentine wrote years before.
The full Trump-Putin press conference.
Do not forget that the Russian “hack” occurred during Obama’s Presidency….
Obama’s Press conference comments about it:
https://obamawhitehouse.archives.gov/the-press-office/2016/12/16/press-conference-president
Russia Indictment 2.0: What to Make of Mueller’s Hacking Indictment
https://www.lawfareblog.com/russia-indictment-20-what-make-muellers-hacking-indictment
I find the charges in the indictment somewhat surprising.
a. there is no specific proof in the indictment of actual hacking.
It appear more to be spoofing or to be precise, spear phishing in which semi-computer-illiterate democrat individuals were fooled into divulging information and allowing their computers to be infected. There was not a specific proof, that I could find, that the primary DNC server was hacked.
b. I personally believe the timing of the indictments to be highly suspicious, and most probably designed to interfere with the atmosphere of the Trump-Putin meeting.
I would place the “Russian Indictments” in a dirty tricks campaign category, because Mueller knows that by only charging Russians outside the US there is virtually no possibility of any trial. Thus no evidence would actually have to be produced ever.
There is, as far as I can see, no connection between the Russian activity and Trump.
Was not that the reason for the special investigation?
The entire indictment is based on the premise of the FBI conducting some -unexplained and unsubstantiated- form of forensic data-analysis to formulate their detailed conclusions.
MUELLER NEEDS TO EXPLAIN how this FBI forensic data-analysis was possible when the FBI was never allowed access to the DCCC, DNC and Clinton Campaign servers?
IS THE PUBLIC SO STUPID NOW TO BELIEVE MUELLER ANYMORE?
The preponderance of the evidence seems to me to indicate only EXTREME bias.
Can someone explain why there would be bias? I’ve never seen any evidence. Rod Rosenstein and Robert Mueller and both historically Republicans. Rod was appointed by Trump. Mueller has already succeeded in proving that this case is worth pursuing with 6 guilty pleas. A lot of conspiracy’s against the US. As long as Mueller keeps finding guilty people I don’t see any reason to stop him from continuing?
Trump publicly sides with Putin on election interference
https://www.politico.com/story/2018/07/16/trump-russia-putin-summit-722418
Vladimir Putin interview by Chris Wallace:
Putin has a lot more class than Wallace, and it showed.
Putin also has more class than McCain and all Democrats.
Trump has taken Putin’s side. His stability and America’s safety are now in question
https://eu.usatoday.com/story/opinion/2018/07/16/donald-trump-sides-vladimir-putin-most-danger-since-cold-war-column/786850002/
Given that we know the collusion was actually between the Clinton campaign and the Russians and the whole investigation has centered on what we know is a false document paid for by the FBI and Clinton campaign, don’t you find these comments a little shrill?
There is a coup in progress, the DOJ, FBI, CIA and DNC all want to take down the legally elected president of the US. Comey hasn’t been charged, Huma Abadin hasn’t been charged, Hillary Clinton hasn’t been charged. Strzok smirked through his testimony with total assurance he would never face any penalty for lying. They aren’t just attacking Trump, they are attacking the presidency itself.
I can’t stand Trump, I think he’s an idiot but he was elected in a rigged election that was rigged by the Democrats, the FBI, the DOJ and CIA against him.
If they overthrow Trump we become a dictatorship overnight. It’s going to get ugly.
+1
The lefties are out of their silly little collectivist minds.
I admire Trump more each day he drives McCain, the Bushes, and the Clintons crazy.
It’s a sick and stupid population that gets hysterical about Trump and gives that bunch a pass.
Matt:
+1
When you take a stance against Trump without consideration of the obvious crimes committed by the DOJ, FBI, DNC, both Clintons, and the leftists in general, you are warping reality. Why isn’t Hillary on trial? Do we need more evidence?
Yes, and where was the ever virtue-signaling slimy left when this happened:
https://www.youtube.com/watch?v=RM0uvgHKZe8
slim·y
ˈslīmē/
disgustingly immoral, dishonest, or obsequious.
for anyone interested on u tube.
Part 1: Kevin Shipp, CIA Officer Exposes the Shadow Government
https://www.youtube.com/watch?v=rQouKi7xDpM
He points out the connections between all the players and where/when they broke the law etc.
Consider Amazon….
It has always had a predatory model of under-cutting competition in order to gain market share, apparently immune from monopoly laws.
The current P/E ratio is 285.
Assuming that eventually it will have to lower its P/E to a more typical ratio, say about 20 at some point of time, what do you think that will do to inflation?
The current valuation of Amazon is almost $1Trillion.
Ignorance is bliss to the lefties, until it’s exposed.
This story is only 1 one thousandth of the spy novel unfolding right in front of the sheeple.
The $1238 support zone in Gold has been breached to the downside, so it will be important to see where the yellow metal closes today and closes the end of the week.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p62211807978
I’m just glad the new low came now and not a month from now after a relief rally. This action has helped to thoroughly clean out weak hands and probably limit downside.
Not really.
Good point Matthew. Better to rip off the bandaid, but still, this has violated the pattern of “higher lows” so I’d still like to have seen a bottom put in above $1238.
Still it is normal for this time of year in the Summer Doldrums to see one last washout in July before the seasonal rally in August into September.
Bear market action will always be rationalized or spun. Sure, a bounce is due. Nothing goes down in a straight line. Whoopee.
There was no spin or rationalization dude. I stated that Silver “has violated the pattern of “higher lows” so I’d still like to have seen a bottom put in above $1238.”
Next I present the fact that over a 40 year average, Gold often dips down for a low point in the Summer Doldrums in July, followed by a rally in mid August and moving into September. That’s a seasonality patterns with 4 decades of data, not a spankyism based on raw emotion and poppycock.
News Flash: Gold put in the bottom of $1045.40 in Dec 2015, added $200-$300 bucks for the last 2 1/2 years. and has put in a pattern of higher lows since then and has made 3 attempts to pierce the $136-$1370 zone. That isn’t bear market action.
Here, try looking at a chart as it is more revealing (and accurate) that your narratives.
http://cdn.ceo.ca/1dkmnv5-Gold%20Bottom%20Dec%202015%20into%20new%20Bull%202016.JPG
Correction: Gold has violated the pattern of ‘higher lows”…
Silver has not violated it’s low of $14.34 from 2017.
I get impatient too but am still glad 1238 was broken. After a 2 year uptrend in a new bull market, it only benefits us to get the market loaded up with people committed to the wrong side.
Of course, I can see why those purely technical types who avoid having convictions might steer clear of the sector or even short it right now.
That’s a good point to consider Matthew. It may be that the trend change causes many technical traders, or worn out PM investors to abandon ship again, and this would be the seeds of despair, that offer the base for the next impulse leg up to launch out of.
Personally, I plan to buy into the depths of this move down in late July – Mid August, due to the probabilities of a seasonal uptrend in Mid August and moving into September.
I’m not overly concerned though at this point. Definitely not for the medium term to longer term cycle.
Remember, the best moves are never the result of new longs piling in because a light bulb went on; they are due to terrified shorts who bet wrong. The sector in 2016 had what we can call an upside down crash for this reason.
Conversely, a right-side up crash is due to panicking wrong longs, not a bunch of shorts piling in.
You are so wrong about this. The picture currently is NOTHING like early 2016. That was a huge rally off of a brutal long term decline.
This OTOH, is a breakdown after a very large bearish continuation pattern. The weekly MAs lost their bullish alignment last year, which has been a terrible omen for the sector 99.9% of the time. If this were a true bull market a la 2000-2011, the 50 WMA would have never ever crossed below the 100 WMA and certainly not at such a steep downward angle.
The 10 year chart for the miners looks like it is shaping up how $TNX bottomed or AMD bottomed–essentially they had huge initial rallies followed by undercut lows or retests years later. That’s where they finally bottomed, and I expect the same thing from the miners currently.
I mentioned 2016 as an example, spanky. It is sloppy of you to think that I am claiming that the current setup is like 2016. Of course, sloppy is what I expect from you.
$AG $FR First Majestic Posts Record Quarterly Output, Ups Guidance
Allen Sykora – Tuesday July 17, 2018
“In addition, under the new streaming agreement, we are going back to mine numerous high-grade #silver veins that were previously deemed uneconomic by the previous operator. In 2018, all-in sustaining costs at San Dimas are projected to be between $6.99 to $8.19 per ounce, making it our lowest-cost and our largest producing mine.”
http://www.kitco.com/news/2018-07-17/First-Majestic-Posts-Record-Quarterly-Output-Ups-Guidance.html
IMPACT Silver Discovers New Zone at San Ramon Mine
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20180717:nCNW3vBG0a
Nice. Initial Results include 2.04 meters of 661 g/t Silver and 4.97 meters of 354 g/t Silver
Socialists and Other Grotesque Ingrates
https://www.youtube.com/watch?v=Qae9zwqtk_o
Tuesday’s volume on NUGT is 7-8 times normal. Little change in the price; now off $.12 . I bet this is a big disappointment for the heavy sellers. Say’s to me we’re at the low or very near. Smart money is going to really kick some a–s when this is all over…………jmo
Thanks for pointing that out. It’s only Tuesday and NUGT is about to have a record volume week.
http://schrts.co/AZMAkG
Note what happened the last time we had that kind of volume: The rebound went from about $21.50 to $53.00 or so in a little over a month. Smart…………….or dumb, I’ll take it any day!
Exactly.
Buying a 3x long ETF on dips in a bear market is about the dumbest thing one can do. Sure, you could get lucky, but the odds are against you.
Look at the volume spanky. Who do you think is doing the buying here, the spanky money?
Like I said, we could get a bounce, but you are absolutely insane to think it will anything other than the dead cat variety. The next bounce will be the best shorting opportunity since 2015.
Hey Spanky:
I didn’t mean to imply I was buying NUGT. I’m not. However, somebody big is and the bet is approaching 1 Billion $$. I’m thinking they probably know more than I do. I’m expecting a bounce in the miners, that’s all. Have a good one!
It’s red volume! And like I have been saying ad nauseam–we will get a bounce soon. Color me extrmely skeptical. If the HUI manages to break 186, I will reevaluate. But there isn’t a snowball’s chance in hell it does. It will hit 150 before breaking above 186.
SD:
Friday’s COTs will be based on the close of trading today and I’d wager the specs just went way short so they could capture the very bottom.
I use Sparky as my personal indicator. He’s gets all uppity at bottoms as if he just invented the wheel.
You’ve been saying that for over a months now, as gold has dropped another $50! Some day, I am sure you will be right and gold could rally for a month. Whoopee!!!
Yes, that volume is red alright but don’t forget, half is sell and the other half is buy. It’s off 9 cents which turns it red. Over 92% of the volume was in the first hour. Question is, what will happen just before the close? 34 minutes to go.
81+ million shares at $23 = 1.863 B. I’d say half that is betting up, the other half down. I think up will win……………
This POS sector is oversold–no doubt about it. I mean look at GCC weekly chart. 5 closes under the lower bollinger–that is insane.
But there is now way in hell the HUI bottomed on June 28th. It it manages to rally here, short it if it gets anywhere near the 50 or 200 dma. I will be wrong if it manages to get above 186, but I don’t think it has a snowballs chance of doing that. I’m sure most here will be crowing after the first 5-10 pt rally.
Hi Bob –
Last I read you were looking for the DSI to get down to 5. At the time it was still hovering around 9 I believe. I would expect it must be getting pretty close to 5 now. I also still have not heard: “Come on kids, its time to jump back in the pool!”
spanky:
You are a great contrary indicator. You were this uppity last in Dec/Jan of 2015/16. When you are wrong, you just distort.
This is what I have said a number of times.
For several months I have been beating the drum saying that there would be a tradable low for the precious metals in the June/July timeframe. The way to be fairly certain would be using the Commitment of Traders report and Daily Sentiment Indicator to mark an extreme of sentiment. I was looking for the DSI to go below 10 and the COTs to reflect major bearish sentiment among speculators.
Well, using the DSI gold hit 9 on June 15th and again on June 21st. Silver has been stronger and hasn’t even set a new low lately. Silver has gotten as low as 10 in Mid-May, again at the end of May and once again on June 26th as gold showed a reading of 10. I would prefer to see a bigger extreme of emotion but there are times you have to take what you get, not what you want.
I was wrong about the low being around the first of July but we are seeing the bigger extreme of emotion and we certainly are in the June/July timeframe I have been calling for for months. The more gold and silver go down now, the more the short specs will panic and cover. We are in for a barn burner of a rally.
You will miss it, of course, you always do.
By the way $50 drop in gold is about 4%. I don’t panic over being wrong by 4%. You are going to be wrong a whole bunch more than that.
yeah…. ok. “smart money” lol. More like people in denial about what is staring them in the face and has been for more than 1 year.
Your imperviousness to rational thought and facts makes keeps you firmly in the dumb money camp, there’s no doubt about it. Be careful.
lol. ok. Whatever. Like I said, the only who has been right for the last 2 years is me. Of course this sector will bounce soon, just like any good dead cat.
Rational thought? How about there is no reason to speculate in gold or miners since neither are set up in the short run for anything other than a bear market rally, which I am sure you will be crowing about. GO right ahead and pick up nickels in front of a steamroller.
“the only who has been right for the last 2 years is me.” – spanky
[freakin’ hilarious] 🙂 🙂 🙂
I’m not going back to dig it all back up Spanky, but you were dead wrong about where Alexco would bottom and missed that rally, you were way overly bearish on Silver miners like First Majestic and Endeavour and Impact at the end of last year, and they surged right after the FOMC rate hike as expected and surged for the next 6 months.
You said that Silver would crash below $13 by April and even with today’s weakness near $15.60 it is nowhere close and was in the $16-$17 range all year.
Your delusion knows no limits man. It would be comical if you were so repetitive.
The over arcing theme was and has been that metals and miners will be dead for years still. In 12 months, we will probably be right at this level, but after first suffering a huge plunge to test or break the 2016 low in the interim. You have been hanging your hat on some non-existent inverse head and shoulders in the miners, which is anything but.
You’re hilarious spanky, and must argue with so many people that you have me confused with someone else. I haven’t been hanging my hat on any inverse head and shoulders in miners, but thanks for the “fake news”. At least your consistently inaccurate.
News Flash: Gold put in the bottom of $1045.40 in Dec 2015, added $200-$300 bucks for the last 2 1/2 years. and has put in a pattern of higher lows since then and has made 3 attempts to pierce the $136-$1370 zone. That isn’t bear market action.
Here, try looking at a chart as it is more revealing (and accurate) that your narratives.
http://cdn.ceo.ca/1dkmnv5-Gold%20Bottom%20Dec%202015%20into%20new%20Bull%202016.JPG
For the first time in 2 1/2 years, it may be that Gold does start to roll over here with a bearish break to the downside, but the pattern has been up since Dec of 2015. If you can’t see that, then you are delusional.
Now, It remains to be seen the depth of this move down, below the $1238 “higher low” put in during 2017, but it doesn’t have to be the beginning of new bear market or anything very dire.
Sentiment readings are already very low and most technical readings on the metals and miners are very oversold , so it may not have much oomph to the downside. Some of this also correlates with a stronger dollar recently, and weaker Euro, Pound, Loonie, and Yen. It remains to be seen how things play out in the currency wars for the balance of this year.
CoTs have PLENTY of room for more pain in the very very short run. Especially silver’s. That being said, nothing goes down in a straight line.
I expect that when the metals do bounce, the miners will stay flat. This will be the best time to short them.
So short the gold miners then with DUST or JDST if that is actually what you believe. If you don’t have the conviction and instead hold onto your miners, then that is as inconcruent as it gets.
Why should anyone listen to your daily rants about the huge decline coming, if even you won”t act on your own advice??
The obvious conclusion is that Spanky is no more than a troll.
No one is so thick that they don’t understand that saying one thing and doing another only inspires contempt. As does the spectacle of an obvious greenhorn constantly challenging accomplished market operators.
Yet that is Spanky’s M.O. One always turns up. Maybe KER covertly engages a court jester just to keep things from getting too slow?
And it’s the way he says what he says — like a child trying to piss off his parents. Spanky’s little supporters idiots.
I will just note again the black candle in $hui at 170.52.
If we were to get a significant rally without taking out that close, the entire rally will be tainted and it will 100% be making a low below 170.52 at some point in the next few months.
That 170 level also represents a head and shoulder neckline. If $hui gets above 186, the H&S will be invalidated, but I guarantee you it won’t be invalidated. That H&S targets the 150 level. I think that is where we will get the next significant 4-6 week bounce before the plunge into December. That plunge will probably take us sub-100 on $hui.
Look at that bullish price action in AG. Like I said, short anything metal at the declining 100 WMAs. When gold does bounce, expect it to be heavily shorted once it hits that MA.
Wrecked charts all around.
Wrecked? AG just went up 73% in 22 weeks while silver did nothing and became weekly overbought for the first time since 2016. To correct now, especially with the metals acting the way they are is perfectly normal and healthy.
Sharp/quick deep pullbacks are a feature of BULL markets as they serve to easily scare out the spanky money.
Your linear “thinking” is not helping you.
You call the decline from 2016 “sharp and quick”. lol. It’s called PERSPECTIVE and SCALE.
If anything, the bear market rally out of the 2016 low was “sharp and quick” (again, relative to the prior decline), which it should be in an ongoing bear market.
No, look at the damn chart and pay attention to the context. “Sharp and quick” refers to the 20% dip of the last two weeks. Go take a remedial charting class.
+73
Spanky money is something else, ain’t it?
The only one who has been wrong on every timeframe is you. So the irony and chutzpah in calling me dumb money is hilarious really.
Yes, we could get a bounce soon. But I do think $hui will break below 170 first, and probably significantly,
And when did you ever buy a miner at the right time? You’re worse than dumb money for your inability to do what you should WHEN you should. Remember IPT in December?
You’re ridiculous and don’t even know it.
See, the beauty of buying during a bull market is that it makes higher highs and higher lows. The bull will rescue bad timing mistakes.
The problem is, most of the miners and silver haven’t made a higher high in 2 years. They are not in trending bull markets by any measure.
Yes, the miners and silver have not made a new high but that is not the problem you think it is.
Btw, you’re nothing but a fool (or worse) to be positioned contrary to your own beliefs.
Spanky then sell your miners and go all in DUST and JDST.
I’m am still barely up after this beating, but I’m sure the next dead cat bounce will get me hooting and hollering and at least hopeful. I am riding the slope of hope, absolutely no doubt about it. Thinking this time is going to be different than every time prior. The kicker is, once the HUI retests or breaks below 100, I think it might truly be THE bottom. At that point, the 100, 200 and 300 WMAs will have based out.
No way I sell into this blood bath. I have played that game before only to see the ship sail away from me. As Doc says just nibble some positions when there is a dip in a certain stock you like. The french guy that used to be on the show frequently used to talk about buying in three small bites instead of all at once. I like that approach and it has worked out for me. I have been more thoughtful about taking smaller bites knowing that I might drop further, but having some dry powder to buy more when it drops further. You have to have the courage to buy during these time. It might be painful short term, but over the long haul (and we should all be thinking long haul) you will be rewarded. Same goes when you have one that pops. Sell in small chunks. Something Rick Ackerman talks about all the time is taking partial profits. So when everyone is giddy, that is the time to sell. This is certainly not that time. Stewart Thomson agrees.
http://www.321gold.com/editorials/thomson_s/thomson_s_071718.html
With all due respect, Stewart Thompson has a horrendous track record. Horrendous.
The key to trading is finding an actual trending bull market, and then buy the dips and sell the rips. We don’t have a trending bull market in commodities or metals. What we have is a very bif sideways to down consolidation after a historic bear market. I think it is possible the miners make new lows below the 2016 lows in time in the next 8 months. I do expect them to bottom though, since they have spent a lot of time in this range, so the 100, 200 and 300 WMAs should be set up for a true bull market sometime next year, IMO.l
Stewart isn’t the only one. Regardless, no one is saying now is the time to back up the truck. Be selective (i.e. smart), think long term, and stay calm. Emotions will get you thinking the wrong way and will cause you to make mistakes. Its that simple. It is a game of attrition and only the strong in mind will survive…and thrive.
If you systematically buy weakness and sell strength as Stewart does, a horrendous guessing record doesn’t matter.
Sharing what you think will happen in the future doesn’t mean you have to act stupidly in the present.
Fade in and fade out. The vast majority of investors have no business calling a turn with one trade at one price (going all in or all out at once).
Yes, buying weakness is good–in a bull market. Buying weakness in a bear market is just dumb, since price gets way more oversold for way longer than even most bears deem possible.
But we don’t have a bull market in anything metals or commodities (speaking about the complex, not some cherry picked commodity) by the most conventional definition–higher lows and higher highs. So yes, you could get lucky catching a low and selling a peak, but the odds are heavily heavily skewed against you. If anything, a bear should be covering here in gold and silver and maybe even miners, and getting ready to short the next bounce with conviction.
SLV has broken firmly below a large triangle on the weekly chart. It is not going to break above the lower border for more than a week on a bounce. It will be shorted by anyone and everyone on any backtest. “Dumb money”. Yeah. Sure.
*spanky money
With your bravado, you should open a hedge fund and make billions.
That’s a good idea. I’ll think about it.
NATH in AMZN.
AMZN is the escape valve for monetary excess. The only thing headed to the moon in the next few years are the FANG stocks. Sure when the system finally breaks and they reset the monetary system, gold will be great to own. But you have to dollar cost average while scaling out of FANGs. There is also the real chace that TPTB will never ever let anyone reap a windfall off of gold. They will either confiscate it or tax the ever loving hell out of it. When gold is $1000 5 years from now, they will nationalize Newmont and every other North American mine in the name of national security.
GCC has finally closed the ugly gap in June ’17 on the daily chart. If it breaks below the June ’17 low, it will be an absolutely terrible sign. Sure, we could rally immediately off of such an undercut, but the bounce will be one of the best shorting opportunities in the past few years.
UUP looks ultrabullish here. It has based for the last 6-7 weeks and looks set to break out for another large move up.
AUY has a huge H&S on the weekly chart with a diagonal neckline. Once the neckline is broken it projects down to about 50 cents. It’ll be a buy there, but it probably be nationalized at that level.
the EXK weekly chart suggest more pain this week or in the next 2 weeks. It is possible a a H&S is currently forming on the weekly chart, so the $2.70 could hold and constitute the neckline. Then a bounce for a few weeks to form the right shoulder followed by a plunge to retest or undercut the 2016 low going into early next year.
Spanky: “It’s red volume!”
Notice anything about Jan 2016 and Dec 2016? Maybe high-volume red candle days marking lows? Irrespective of color of candle, extreme volume often marks major reversals. No rule is certain, but that one’s a hell of a lot more certain than your ‘solid black candle 😮 !!!’
correction: high-volume red candle WEEKS, not days. But the point holds for candles of any time frame.
Exactly right. Big volume at the end of a long tired trend is what matters. The color of that volume means nothing — just like spanky and co’s BS.
I was shocked that McCain, the quisling from the Military Industrial Complex, criticised Trump. It is about time Arizona un-seated that senile idiot, who appears to prefer war with Russia.