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The Safe Haven Trade Of USD and Treasuries

Cory
August 9, 2018

After a slight inflation data miss this morning we are still seeing the USD trade higher and yields move down. Chris Temple and I discuss how there are good odds that the USD continues higher in a safe haven trade. This safe haven trade could drive the dollar to 100 and also include treasuries.

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Discussion
45 Comments
    CFS
    Aug 09, 2018 09:11 AM

    And tell me the US was not buying bonds this morning !!!!

    CFS
    Aug 09, 2018 09:35 AM

    aLAS rOSENSTEIN MAY BE OFFERING A GET OUT OF JAIL CARD TO THE WORST CRIMINAL.

    https://www.youtube.com/watch?v=4C9XQmh_VU0

    Aug 09, 2018 09:42 PM

    The long term charts for the USD are garbage. 200 week MA is acting as serious resistance. Price has spent the majority of the last year under it.

    Aug 09, 2018 09:07 PM

    Stellar Lumens IBM. YOVO GO Token. Releasing a cell phone!

    https://www.youtube.com/watch?v=5wOuH2sXrjY

    Aug 09, 2018 09:26 PM

    The dollar had a small correction and headed back up it seems. I sensed the Vix may have bottomed today and sold a large Intel position I picked up on the recent big drop. The market may start a significant correction soon as the Vix spikes which it often does in August. Holding a ton of AT&T as it got to a 3 to 5 year low.

    Aug 09, 2018 09:28 PM

    I have been waiting a long time for oil to fall hard to the 59 to 62 area.

    Aug 09, 2018 09:31 PM

    Vix may have bottomed today and I sold a big Intel position I picked up on the big recent drop but bought a large amount of AT&T recently with a 6.5% yield at multi year lows, 3 to 5 year low I believe. Market may start a correction soon.

    Aug 09, 2018 09:04 PM

    I’ll take a PAAS…
    http://schrts.co/8LZbdE

    CFS
    Aug 09, 2018 09:05 PM

    News Radio 102.9 – KARN-FM Logo

    News Radio 102.9 – KARN-FM – FM 102.9 – Little Rock, AR
    INSTANT NEWS… STIMULATING TALK

    just reported ALL Clinton Foundation records were collected by the DOJ by cargo plane.

      Aug 09, 2018 09:48 PM

      Interesting………hope they get an accurate body count…………

        Aug 09, 2018 09:49 PM

        Miss Hilly, and Uncle Billy, need to be held accountable for high crimes and such…..

          Aug 09, 2018 09:50 PM

          Obamy could be next, along with Bushy………….just saying………..

            Aug 09, 2018 09:54 PM

            Old saying………every dog has it’s day……..no man is above the law……

            Aug 10, 2018 10:56 AM

            Also, no man is equal to the Law. The proofs for Him are everywhere.

            Aug 10, 2018 10:29 AM

            or we are not under the law……..but, under grace…….. 🙂

    Aug 09, 2018 09:07 PM

    It took more than two years but HL has now filled a pesky 3 cent weekly gap…
    http://schrts.co/y2QDM8

      Aug 09, 2018 09:52 PM

      Most of the Senate could be held for treason and obstruction of justice, crimes like insider trading (which they seem to have justified as legal for their position)

    Aug 09, 2018 09:44 PM

    What a great day for PAAS, HL, and USAS! Is the bottom in?

      Aug 09, 2018 09:03 PM

      I’m guessing the bottom is in for USAS but more evidence is needed. If it isn’t in, it is very close and the action today just illustrated the point I made very recently about attempting to buy at just one price — most people shouldn’t try it!

      http://schrts.co/SSGepW

        Aug 10, 2018 10:31 AM

        USAS price action today make yesterday look like a head fake. Back to base building. Surprised there was no further follow through today given Turkish Lira implosion. That tells me it could go lower still, but probably nothing dramatic.

          Aug 10, 2018 10:48 AM

          I’d say it was smart shorts covering.
          Speaking only for myself, a plunge from here will be a strong buy.

      Aug 09, 2018 09:06 PM

      Let’s see if it can close the week above the 200 week MA…

      http://schrts.co/KGpUDC

    Aug 10, 2018 10:29 AM

    Hi Matthew –

    Can you give me your thoughts on DDD? Specifically, can you let me know what you see as a short term target? The stock looks like it put in a double bottom last October and just crossed over the 200 wma on strong volume. It still looks like there is some room for some additional upside based on the weekly RSI.

    Thanks in advance,
    Charles

      Aug 10, 2018 10:15 AM

      Wow, you’ve had quite a ride with that one. My best conservative guess is that it will reach 19.50 but I think it has a good chance at reaching as high as 20.50 before taking a break.
      http://schrts.co/G7Sbpd

        Aug 10, 2018 10:27 AM

        Thanks. Getting pretty close to that level now. so I think I will take some off.

          Aug 10, 2018 10:41 AM

          I just noticed the quick move — it was 18.99 when I saw your post.

          Gold is doing well considering the dollar (UUP) this morning…

          http://schrts.co/ZdqFgr

    Aug 10, 2018 10:40 AM

    Seabridge Gold (SA) up big today on earnings release. Just took out two prior peaks from the prior decline which is Rick Ackerman’s sign to turn bullish. This stock was an early warning indicator for the PM sector turnaround at the end of 2015. I know it is one that Chris Temple likes.

      Aug 10, 2018 10:22 AM

      I don’t own SA but have always liked a lot about it. It delivers when it’s supposed to and is liquid. Today’s action looks a lot like some of the silvers yesterday and that is a good sign for the whole space — as you pointed out.
      It seems like Chris Temple has been on it for many years and I can see why.

      http://schrts.co/EtkvMo

        Aug 10, 2018 10:50 AM

        Yes. It has been a nice stock for me. I originally heard about it from Avi Gilburt. The more I have learned about the company the more I like it especially after they picked up the assets from that hedge fund advisor (can’t recall the name) that sold it to them. I think its call the Snowstorm project/camp? I think that project is going to prove to be a monster in my opinion based on what I have read and the interviews Chris Temple has had with Rudi Fronk. One knock that Bob Moriarty points out is that some of there projects require a much higher gold price to be economic.

          Aug 10, 2018 10:56 AM

          John Paulson is the hedge fund advisor that sold the project to them.

          Aug 10, 2018 10:06 AM

          The much higher gold price that some of their projects require will be a good thing later on. Think of those projects as out-of-the-money calls.

    Aug 10, 2018 10:51 AM

    Yes it is Charles — and likely I’ll be sharing a discussion w/ Rudi Fronk on here this weekend.

    Aug 10, 2018 10:57 AM

    Excellent! Thanks Chris.

    Aug 10, 2018 10:07 AM

    Big double top?

    http://schrts.co/gLGJq2

    Aug 10, 2018 10:59 AM

    Matthew, good chart. There is a post by Eagle Seagle over at goldtadise.com that posted a wedge pattern on the SPX breaking down earlier today.

    Aug 10, 2018 10:06 PM

    I agree. I am not selling any of my precious metals stocks at these levels. This is the time to be selectively accumulating on dips in very manageable bites. There are a few precious metals stocks I would like to sell, but I am waiting until at least the next bounce over the next few months before I take the tax loss.