An In-Depth Look At The Falling Markets and Potential Central Bank Reaction
Doc is with us today to shares his thoughts on the US market selloff. We discuss the levels to watch in terms of support. In a longer term sense we address how central banks could react if this sell off turns into a full fledged bear market.
Click download link to listen on this device: Download Show
“all the banks would have gone bust”
That’s not even some wild conspiracy theory. That is pure fact!
What inflation? Gas is cheaper today than 10 years ago. Soft and hard commodities all down significantly. The only inflation is in assets or things that the Fed or US govt subsidizes, like housing and education.
Gas was more like a dollar at the (real all-time) high for stocks in 2000 and oil was $10-$30 in 1999-2000.
Come to Australia if you want to see inflation affected fuel prices. The avg price throughout all capital cities is around $1.60 p/L and regional towns $1.80-2.00 p/L. That equates to around $6 p/Gal in cap cities and $7.20 p/Gal for regional towns
I would disagree and suggest there is tons of inflation and shrinkflation all around us besides just housing and education (which are clearly inflating).
Look at the general equities markets that have been on a 9 year rip, or the insane Art & collectibles prices skyrocketing, or the cost of concert tickets, sports tickets, movie tickets, the cost of childcare, the cost of lawn services, health costs, insurance costs, food & restaurant costs, and on and on…
Look at the cost of just raising a child today in different cities….. there is clear inflation at hand in most of areas of life.
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> Then there is the shrinkflation of many products where the same dollar buys less of a product or good or fewer services. It is just a different symptom of the loss of purchasing power.
Lots of junior and mid-tier silver mining stocks got slammed today in absolute terms and relative to silver. Many have ugly head and shoulders on their daily charts, like GPL. “Just one more lower low to shake out all of the bulls who have piled in,” say the diehards. SMH.
Have you ever seen a market that doesn’t pull back? Of course not.
Do you see ANY problem here:
http://schrts.co/ss3ych
Yes, SMH alright. 🤦♂️
Did I say anything about gold miners?
You would think the silver miners would be leading the way. But they have been complete duds and frankly have been acting sick.
In any event, when the silver stocks break down, I would expect the gold miners to be not that far behind.
If the gold miners don’t break down then the silvers will catch up in a hurry. Silver stocks are leading the golds. Despite this pullback, SIL and SILJ are still up about 5% vs GDX since last week.
SIL:GDX filled Tuesday’s gap today
http://schrts.co/C5rAhR:
Just buy phyical silver with your spare cash , silver will have its day in the sun.
Honduran migrants paid in cash
Footage in Honduras giving cash 2 women & children 2 join the caravan & storm the US border. Posted to Twitter by Rep. Matt Gaetz 10/17/2018
In the short-term, from a technical perspective, should Gold close above 1251, the 38.2% retracement of the decline from 1360 to 1184 on a closing basis, this would open up a move to 1272 and 1300 above there. By contrast, a close below 1219 would pave the way back to the previous lows.
From a long term perspective, I remain extremely bullish Gold and other precious metals. Both Poland and Hungary have joined several other countries, most notably China and Russia, in buying Gold recently. Hungary increased in Gold reserves by ten times. Poland made its biggest gold purchase since 1998.
Gold Ends Higher Amid Decline In U.S. Equities, Defying Dollar’s Rise
Oct 18, 2018
The Doc is always solid on his technicals, and underestimated on the fundamentals. Very solid comments today, Doc. (as usual)
The DOC is a very astute guy when it comes to the markets , but he is up against a corrupt system , so therefore he is always wrong………………………………….
Not his fault.
Viral Video of Vile Antifa Beta Male Verbally Assaulting 9/11 Widow
There’s no shortage of confused morons these days.
ditto…….
Panel Discussion on “Trades for Today’s Market – Cheap Resources or Hot Drill Results?”
#VIDEO
“Panel Discussion between Eric Coffin, John Kaiser, Jay Taylor and Greg McCoach at the September 2018 Metals Investor Forum.”
Here was a hot drill result today in (SIR) Serengeti Resources, where it shot from around $.15 up to $.59 at one point, but trade in the $.35-$.45 range most of the day.
At it’s peak it was up 280% but it pulled back to the close at a mere 133%.
Quite a day!
http://cdn.ceo.ca/1dsio8q-SIR%20-%20Serengeti%20Resources%20Chart.JPG
Kwanika Copper Corporation Drills 514 Metres of 0.64% Cu, 0.80g/t Au (2.15 g/t Au Eq) Including 168 Metres of 0.81% Cu, 1.71 g/t Au (3.42 g/t Au Eq) at Kwanika
October 18, 2018
“Serengeti Resources Inc. (SIR: TSX-V) is pleased to report the first batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in north-central BC.”
That was a great drill intercept, copper with gold credits, I dipped in yesterday and will likely be playing this stock today. DT
IMO…The markets are fake . The western centeral banks PPTs have kept these markets inflated for years , without the PPTs these markets would have collapsed years ago ,& all the banks wought have gone bust…………The BIS takes care of its own.