Big Picture US Markets, VIX, and Gold
Doc joins me on Christmas Eve to look at the continued selloff in the US markets. We also finally saw the VIX spike higher which is further showing just how worried everyone is. Gold managed to continue its climb in this risk off environment.
I also want to thank everyone for the comments on the weekend show. To follow up on the discussion regarding comments focused on the topic at hand… Please keep the political comments to the political hour of the weekend show and any editorials focused on politics.
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Agreed. Merry Christmas to the KER crew and thanks for all that they do.
Mining M&A Jumps to Five-Year High
Frik Els | about 4 hours ago
“Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.”
Merry Christmas, Doc. I recall in 1980, when Carter was pres, gold was higher than the DJIA. Now I am waiting till RGLD and FNV are higher than the DJIA. NSRPF was up 33% today. I hope it goes higher than the S&P 500. I was tempted to buy SLB, BTI, PM, and XOM today but kept my powder dry. I just got 24K cash from Cigna when it bought my ESRX last Thurs. Maybe I should by more NSRPF…or SLB…
Novo had quite the surge today up 20%, and the OTC you referenced NSRPF up over 30%.
Sentiment Says Turn, Turn, Turn
Bob Moriarty – Dec 24, 2018
http://www.321gold.com/editorials/moriarty/moriarty122418.html
Doc your comments on oil?
Paul; 2-3 weeks ago I mentioned we in all probability would see oil at $40.00. I continue to stand by that. That should be pretty good support (for awhile). When it gets down there which should happen soon, I ‘ll have to look at it again to see if I think it then has one more leg down.
Paul, 2-3 weeks ago I mentioned we would in all likelihood see oil at $40.00. I stand by that—there should be some support there (for awhile). I would have to look at the charts to then see if there are good odds that we have a second leg down.
Merry Christmas Doc! Thanks for all you shared with us in 2018.
Sam, merry Christmas to you too. Happy to share. Hopefully I’ve helped some folks to stay out of trouble and to be patient with these markets.
Wednesday Surprise around 20 min mark relates to Comex failure – Big Picture E-M-E-R-G-E-N-C-Y BROADCAST! PERFECT STORM
ALERT!! Market Rigging Team to Stop Crash and Boost Higher Net Week! Bix Weir
The defense secretary opposed the president’s decision to withdraw from the deeply flawed Iran nuclear deal. Mattis was against moving the U.S. embassy in Israel from Tel Avis to Jerusalem. He wanted to the U.S. to support the Paris climate agreement – a boondoggle that President Trump rightly opposed because it would have disadvantaged the U.S.
https://www.foxnews.com/opinion/after-mattis-trump-needs-a-very-different-kind-of-defense-secretary
Interesting conspiracy theories – that I tend to agree with.
Have a lovely Christmas folks.