Time Frames For Breakouts and Breakdowns In Metals and US Equities
Doc joined me later in the day on Friday for a quick recap of the key levels he is watching for US markets and metals. We also discuss timelines for when to expect these key levels to be broken.
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Conversation with ex illuminati Ronald Bernard and Sacha Stone
Pretium -PVG- permitted to increase mill capacity 40%, from 420K gold & silver oz. to 550K – 600K Au & Ag oz each.
Pretium -PVG- permitted to increase Au Ag production 40%, fro 420K to 550K + Au & Ag each Got PVG?
Wheaton won its tax case with the Canadian government; hooray!
Hi Doc, what do you think about WPM, MO, and SLB these days? The Hoosiers beat Louisville and Butler, so maybe they can give Michigan a good game this year.
BB; wpm will come back again to about 17; MO looks to be in trouble and has a long way to fall; SLB has further to fall but should get support at 30. Michigan has struggled the last 2 games so teams are starting to figure them out. Their defense is starting to crack a little. Their offense will actually be better then last year when they get rolling. Indiana will give them a good game since I believe it’s played in that unfriendly gym. In fact it may be the first loss of their season.
Hey Doc, Do you still see GOLD pulling back to 1200 before the move higher?
The 1200-1210 range—at that point I can give you an idea what I think its’ next move is. I can tell you that currently the long term charts are not signalling any big drop in the precious metal.
Anyone know why CDE Couer popped this morning?
There’s no news that I can see but I think it is a very good sign. The day is far from over and volume is already 50%+ above its 90 day average. CDE offers very good leverage to silver so it is probably moving for the same reason IPT is up 60% in three weeks: speculative money is positioning for a good move up in silver (and gold).
http://schrts.co/NWU2Qh
Thanks Matthew.
We’ve got a double bottom that could turn into a two-headed inverse H&S pattern:
http://schrts.co/8tshL6
I hope so. It is on my watch list but I have no position yet. So want it to come back down nearer 4 bucks. I am hoping – was hoping – a fed rate rise would do that.
Hard for me to buy gold and silver miners with USD if USD has to plunge for gold and silvers to go up. Hence why I tend to stick to FRES and Hoch.
I also do not have a position but almost bought it last week. Fed day just might give us a dip into at least the 4.20 area. It might be the largest and most liquid silver play that can deliver a 10 bagger as quickly as a good junior so any pullback should be bought if you are bullish the sector.
I do think the buck will come down significantly next year but you can’t take that to the bank!
UUP weekly:
http://schrts.co/yhwT1y
With luck we might see USAS and HL be 10-baggers too, as well as AG and EXK. PAAS and SSRM and WPM will do better than silver too.
General precious metals are moving more today because of a Trump tweet.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!”
https://twitter.com/realdonaldtrump/status/1074657278974939138?s=21
CDE – if I recall, CDE WAS AN EARLY BIG MOVER IN Dec-Jan 2015-2016. I sold my Cde to9 early in that move.
Big News – PRETIUM PERMITTED TO INCREASE PRODUCIVE CAPACITY 40%, THE STRONG MAN IN THE “ Golden Triangle”, not seabridge
Yes, CDE moved just like the best juniors in 2016:
http://schrts.co/NmfxWY
Low crude prices starting to have consequences. With low a low crude price and a slowing world economy,the low crude price in effect has been “sterilized”
Any kind of rise in the crude price could really spell trouble with out growth in the world economy.
12/17/18 Unleaded Gas at the pump,Corpus Christi,Texas $1.77
Parker Drilling files bankruptcy.
https://www.bizjournals.com/houston/news/2018/12/13/houston-based-drilling-co-files-for-chapter-11.html
If Parker Drilling has gone under can Weatherford Int’l be far behind? SLB is the strongest and has already fallen from 120 to 38.
GDXJ vs GDX:
http://schrts.co/pzLpGv
GDX looks great vs SPY:
http://schrts.co/KSbchj
The miners are strong versus gold (GLD) today:
http://schrts.co/GRUjzG
This is a very important week for gold:
http://schrts.co/tUhKV9
The FEDS remarks going forward could see a response similar to Trumps 2016 election evening swing
I agree, and at this point in the game, I believe all roads lead to gold and that there’s not much the Fed can say that will derail it for long.
Gold was capped by two important Fibonacci arcs between April and September and is now heading for the final bear market arc resistance. My arrows depict two possible paths from here:
http://schrts.co/oox572
Bitcoin MANIPULATION! The Most Powerful “Gatekeeper” of Crypto That NO ONE is Talking About…
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