US Markets Remain Volatile, Silver Breaking Out, Gold Still Rising, and Yields Way Off Their Peaks
In a slightly longer conversation Chris Temple and I take a look at a wide range of topics. We start with the volatility in US markets where even after a 1,000 point up day by the Dow yesterday very few traders are thinking this is a safe market. As for the precious metals, silver is making a run higher but the stocks are not following. Finally treasuries have been a safety play and with yields way off their highs Chris is looking pretty good with his call at the beginning of the year saying we would see the highs in yields in 2018.
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Keep posting good news Matthew. I love how silver is taking the lead now. There are a lot of signals starting to turn green for a precious metals bullish uptrend.
Here’s another good short term look:
http://schrts.co/e3pwBH
When have you ever been worried?
yes, they are due for a technical bounce vs GDX, but to suggest that they are on the cusp of hitting an absolute low vs GDX is ludicrous at this point.
When have you EVER sufficiently paid attention?
GDX looks like it could outperform silver stocks for years yet.
Instead of comparing it to SILJ, compare it to SIL. GDX:SIL has the 200 WMA bullishly over the 300 WMA for the first time in years. It looks like a major low in the ratio was struck in 2016 and for all you know the ratio could head back to the 2010 peak.
You are smoking hopium to think silver stocks are going to do anything but dead cat bounce vs GDX in the near term.
What’s ludicrous is your understanding of markets…
http://schrts.co/BgaKU8
🤦♂️🤣
GDX is compared to SILJ in order to compare the safest part of the sector with the most speculative. Duh…
you know damn well I was being sarcastic/dramatic. And if not, you are dumber than I thought. the fact that you save my old posts just confirms how much of a sociopath you are.
Keep on pumping your junk stocks. What are the new ones on your list to unload on KE readers?
And YOU know damn well that the point is EXACTLY the same: YOU did NOT see this decline as even being possible let alone likely.
You also clearly have no clue with respect to the key traits of a sociopath. What a little scumbag you are.
The fact that you save old posts like a psychopathic ex-girlfriend turned stalker speaks volumes.
You should make a similar post showing all of your terrible calls and your garbage Schiff Fork charts.
Oh yeah, sorry, you are infallible and sold everything at the top in 2016. I forgot.
Record keeping has value for all kinds of reasons. It’s especially useful when dirt like you and Birdman come along and put words in my mouth.
You sure are uppity for a guy who had such a bad year.
I know. I listened to too many of your pie in the sky calls.
At least I didn’t buy any USAS or IPT as you were dumping your shares on unsuspecting KER marks. god help those poor folks. But like PT Barnam said, there’s a sucker born every minute. Words I am sure you live by.
“God help those poor folks”? As if you need help any less than anyone else!
Speaking of bird, it would be nice to see him post again.
Even if it was just to say hi to all his fans here.
That annotated Amazon chart illustrated a good point. There were tons of post with spanky claiming AMZN would not pull back a few percentage points and that smart investors should just put money in and let it ride higher. The reality is even large bloated juggernauts like the FAANG stocks have been knocked down a few pegs as their gross overvaluations are starting to sink in.
Amazon – To infinity and beyond!!!
As for bird posting, he was banned for trolling, acking posters, name calling, insulting the daily contributors, lying and putting words in peoples mouths, and while he was a sharp guy, he broke the house rules constantly.
So while he thankfully won’t be stopping by, I’ll go ahead and post an image reflecting the vast majority of the chart patterns he commented on.
USA was up as much as 31% today after reversing at important fork and speed line support:
http://schrts.co/yvMN9v
Yes, I was thrilled to see USA & USAS Americas Silver up handsomely today but there was a bit of disconnect between the 2 listings.
USA closed up 24.72% on the day
USAS closed up 5.19% on the day, but was up quite a bit more earlier in the day. It may have a little more catching up to do.
Nice to see some of the Silver miners put their dancing shoes on.
Silver (SLV) is confirming gold this week and thereby eliminating much of the doubt about the direction of the next big move for the whole sector…
http://schrts.co/S1aUYp
The next $1.50 for silver is likely to happen quickly:
http://schrts.co/UhaQEd
Silver will beat gold in 2019 but its biggest move is probably still years away.
http://schrts.co/cqLj8R
I would think you are going to be correct……..silver needs to play , big time catch up….JMO
When it pops past $22, …..I think it will be time for the ride of a life time…..jmo
Yep, once gold makes a big move higher, then Silver has a lot of catching up to do as do the miners. The beachball can only be held underwater for so long before exploding higher.
Better grab all the gold you can get your hands on……………..
https://www.sgtreport.com/2018/12/sea-change-9-11-grand-jury-empaneled/
Just for notes…….I said this when it happened….Wish I could find my notes and comments to Rick A, when he said it did not happen by implosion …..seems he is going to be proven WRONG…….Me think…… 🙂
Found this at Sinclair’s site……..so I thought it pertained to investment in the PMs… 🙂
SLV:GLD weekly looks great:
http://schrts.co/q6RPxo
IMKTA down another 5%.
“…throwing babies out with the bathwater…”
Even the prettiest babies in the nursery and the most powerful babies in the nursery as Mr. Big Al would say.
FYI, the P&F price objective for gold is $1950.
ISVLF:GDX is up 33% since it bottomed one month ago and, in general, is giving us a glimpse of the future of the silver miners versus the gold miners…
http://schrts.co/BZrCcJ
Are you getting ready to unload a block?
I’ll keep posting charts since spanky doesn’t know what to do with them.
Here’s AG:
http://schrts.co/NVKVEn
Hey Matthew, I dug up an old chart with 123 week SMA and 123 cci for gold. I kinda forgot about it. hope you can see it
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=10&mn=0&dy=0&id=p0987177033c&a=637452338&listNum=5
Thanks a lot jb, that’s an interesting one. I’ve never used 123 for either indicator. Based on the price action, the MA is clearly relevant and that CCI looks even more useful. For those who might be wondering, 20 is the default setting at stockcharts for the CCI.
Thanks, Matthew. I appreciate your charts and contributions as well.
Thanks, I appreciate that, jb.
I took some liberties with your chart that might help to show others why it’s a good one…
http://schrts.co/bSY1HE
Here’s one for spanky in which he blows a call in record time thanks to more of his linear extrapolation.
He’ll be happy to know that I found the linked comments from memory and not any records (keeping records means you have no conscience, you know)…
http://schrts.co/5UNf92
I need to get a restraining order.
Price is going to drop right back under the 200 dma soon enough.
And in any event, I have repeatedly stated that my short term calls are just educated guesses.
Unlike you, who thinks they are a minute to minute Nostradamus. Like I said, you’ve blown so many “low” calls, it isn’t funny. Probably every weekly swing low over the last 2 years you proclaimed the low was in.
-I see, when you’re wrong, no big deal. The “poor folks” don’t need protecting. GTFOH
-You start shit and now you need protection. Right.
-Re: “Like I said, you’ve blown so many “low” calls, it isn’t funny. Probably every weekly swing low over the last 2 years you proclaimed the low was in.”
You spanky, are a moron and a liar.
Hmmm, William 123 (Wm 123) weekly and CCI (123) weekly seem relevant for $INDU and $SPX since 2009. I think I found the 123 reference on some page when I was researching HMY and how old timers used HMY as a leading indicator or miners
Friends, Im here to make some cash, not wade through sophmoric flameouts.
You can buy Matthew’s shares as he unloads them.
I dont take this personally. Lets respect the kereport blog and make some $$$
Im kinda liking the weekly 123 everywhere
https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=10&mn=0&dy=0&id=p9682717997c&listNum=5&a=637466362
It looks good with miners, too. The Wm% and CCI look like 2016 again:
http://schrts.co/RAAAoY
Contrarians make the big money going against the herd.
Losers keep the wheels greased.
Debt rat island and the Cantillion effect. 5 richest zip codes surround the Central Bank.
Credit creation cannot be democratized.
Gold looks like it wants to add to its gains tomorrow. Any dips over the next few weeks probably won’t last long as shorts and new longs will be buyers…
http://schrts.co/gtSSYg
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Silver looks superb:
http://schrts.co/TN4syP
This month has been fantastic for the monthly XAU chart:
http://schrts.co/NhvmTW
It’s game over for the top companies that got QE and have been buying back stock. No more falsified stock price and juiced junk debt to keep the Ponzi scheme going.
(Game over)
I’m not in the least worried about the silver juniors as it makes sense that they are lagging the gold seniors. Like I said yesterday:
The junior silvers are putting in a massive low versus the senior golds just in time for the new year. This is extra exciting if you’re as bullish the senior golds as I am…
http://schrts.co/E5Y4sb