Party Like 1999 & 2000 or respect bearish divergences?
Some very interesting similarities in the markets currently and before the bear markets of 2000 and 2007. These charts are courtesy of a good friend of the show Chris kimble.
If you have time this afternoon be sure to join Chris on a webinar (link at the bottom).
CLICK ON CHART TO ENLARGE
This 4-pack looks at the DJ Home Construction, Banks, Junk Bonds and the S&P 500, highlighting that bearish divergences took place in 1999 and 2007 at each (1). These assets were sending bearish topping messages “BEFORE” the tops in 2000 & 2007.
Looking at this year, each asset has been creating bearish divergence since early 2018 at each (2).
Are each of these assets sending an important Risk/Reward message again or will it be different this time?
Just the Facts Ma’am– The majority of stock indices remain above respective February lows at this time, as they remain inside of horizontal trading ranges!!! If these trading ranges would happen to break to the downside, odds increase these divergences have been sending important messages to stocks for months!
If you would like to hear more about these divergences and why long-term trends could be changing, we are presenting a FREE WEBINAR this afternoon, that you should benefit from. CLICK HERE FOR WEBINAR TOPICS AND SIGN UP.
Dang………this is tooooo funny…….
https://www.zerohedge.com/news/2018-11-13/bezos-backlash-begins-socialist-democrats-decry-amazon-hq2-burden-nyc
Give me the tax money she says, in a soft voice……… LOL
but, she does have a point……the Bezo, Bozo…..is a taker , and will take all the tax money he can get
Youths oppress my people, women rule over them. My people, your guides lead you astray; they turn you from the path. Isaiah 3:12
Wow………silver up to $14.04……….must be a sign…….
back down again……… $13.98……ugly…….
Bound to be a good time to buy.
Plenty of time to buy……….until it gets to $22 (on silver)…….nothing magical happening…JMO .. or ..until Jamie goes to jail.
I was kidding. 10 foot pole.
Havnt sold but 10 foot pole.
Gold price could grind down to $1000 from here, at that point the question will be is $700 coming?
Rogers, says he buys should gold get below $1000, thats when I’ll add another chest.
Besides, I’ve forgotten where I buried one or two of them.
Gold is not going to $700…….gold is money……..silver is a play toy…….
Counties want gold., therefore, gold is not going to $700………….jmo
Sure, recall how often it was a great set up for gold around here? How good things looked? No way was it coming down?
There have been people suggesting about $1000 for years.
If we get into a deflation, everything will come down, except the american dollar and the mona lisa, when the american dollar comes down, gold will move.
Until then, we could grind down.
What did Doc say? Beware we hit whatever lower BB he was talkin about,when he is ominous like that, down we go.
At least in the past thats what happened.
Not that it really matters to me, Im not trading, buying or selling.
I figure once the decimation ends, thats the time to buy jr miners.
Nutin wrong with havin a little pce to ensure a big move isnt missed, when it does start, there will be lots of time to make lots of depreciating dollars. lol
Just how I see things, of course I know nutin.
Not that it really matters to me, Im not trading, buying or selling.
I figure once the decimation ends, thats the time to buy jr miners…….
I CAN NOT DISAGREE WITH THAT STATEMENT………. 🙂
Rogers got lucky one time…….jmo
Cause he had soros as a partner?
Maybe your right, but he has been right about gold for years now.
and agriculture.
I think he is right about raising his kids in the east too, speaking mandarin is a huge advantage.
And they’re not in the U.S. which is going to suffer lots, they wont be involved in it.
Bob M, talks about the Toronto gang wanting to split Novo into two companies. Funny I guess Toronto is no longer Toronto the good. I wonder if it ever was, certainly Vancouver has had some really shady mining promoters over the years. DT
http://www.321gold.com/editorials/moriarty/moriarty111318.html
Is Eric Sprott part of this coup at Novo or is he backing Quinton?
Good Post…………..jmo
Cuts the price in half?
AL ! Cory !!!!! Gottfried Leibbrandt CEO SWIFT System will start to cut off IRAN from global financial network !!!!! https://www.rt.com/business/443772-iranian-central-bank-disconnected-swift/
Is Eric Sprott part of the Toronto gang attacking Novo, or is he on Quinton’s side?
Eric Sprott= Platinum Group Metals PTM.TO what happened there Eric maybe you could explain to your fellow share holders.
Money only cares about other money, money goes where all the other money is. Novo is just a business decision like anything in life if you have something valuable more money will move in and take it away. There are no allegiances when it comes to humans it all revolves around who has the most money. Quinton’s find in Australia will be taken away by the money traders, that is just business. Of course they will try to get it for as little as possible. But if you are a little fish with value in a big pond you are shark bait. The Toronto interests Moriarty is talking about won’t be denied. DT
And therein lies such a major contributing factor in the worlds problems. Well said Dick! Couldnt have put it any better myself!
Hre is Trump’s solution to the illegal immigration caravan:
This should work, after court challenges are settled.
The caravan is a joke…………95% are males looking for a job………
Here is another Mega-Merger (similar to what we saw with Barrick and Randgold)
Wowza!
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(PAAS) Pan American Silver and (TAHO) Tahoe Resources Create the World’s Premier Silver Mining Company
by @newswire on November 14, 2018
https://ceo.ca/@newswire/pan-american-silver-and-tahoe-resources-create-the
$13.89………silver, ……..ah, the good old days….reasonable silver prices…buy, buy
Rick Rule:
“Many junior mining companies don’t regard shareholders as partners, they regard them as unsecured creditors,” explained Rule. “[So] anticipating outcomes based on the self-interest of the executives is the best way to understand [how] things are going to unfold.”
Commenting on general and administrative expense items, Rule noted that, “I have seen several circumstances where $10 million market cap companies with $800 thousand in the treasury were paying the CEO $450 thousand a year. In other words, the CEO’s salary alone was taking up 5% of market cap — on an annual basis. That means the CEO, him- or herself (if you assume they have $800 thousand left in the company), will bankrupt the company in [less than two years].”
CFS Comment;
It always surprises me that such CEOs continue to get support on votes at AGMs after they raise their own salaries.
CEO salaries is one of the major items I scrutinize when I get company reports.
Good note……a lot of junior and explorers are scams……..pot shot and pot luck….jmo
Brenda Snipes should not be allowed to retire with benefits, she should be put in jail.
https://www.sun-sentinel.com/news/politics/fl-ne-election-snipes-replacement-20181113-story.html
Florida just voted to allow 1.5 million felons to vote in future elections, which means Republicans will never carry FL again, which makes it really hard to win the presidency.
Bernie will make Brenda Snipes his AG.
Trump playing 4 D chess…….or four de record…….a lot of bozos are leaving……
https://www.zerohedge.com/news/2018-11-13/trump-planning-fire-dhs-secretary-and-john-kelly-ally-kirstjen-nielsen