Silver, Gold, and The USD
Doc joins me today to share his thoughts on the gold and silver markets as well as the USD bounce today. The inverse correlation has not been on the table recently as PMs have moved up while the dollar has not broken down. Although Doc does not see a major decline in the dollar (at least for right now) it will be important to see if this bounce is at the least a short term bottom.
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Max, interesting that you mentioned PG.TO. I just added to my position about 2 weeks ago. The monthly chart is interesting in that the BBs are narrowing. We could have one more move lower, however, I add a little to some of the stocks when they have short term bottomed. This one might have one more move down but it should be gradual. It’s right at where it was in 2013.
Thanks Doc, many pm stocks have done round trips and are cheap again and thats amazing…
Could you and Cory comment on the CRB and Copper next time, that would be great.
I’ll refer to the CRB right now. It appears it has further to fall and iooks like it wants to challenge a multi-year low of about 155. It should get there in the Jan.-Feb timeframe.
I might add that would be a very sweet double bottom.
Thank you, Doc.
Doc – Any thoughts on UUUU? The daily looks like it might be building out a bear flag. Looking at the weekly it seems like it could have more to fall in the short to intermediate term.
Charles, you have reasons to be concerned about UUUU. I’ve watched it some time in order to get back into that stock. Both the daily and the weekly charts are now problematic. I believe it’s too early to take a position on this stock and it will be weak for a considerable amount of time going forward. As mentioned, I have been and continue to wait for a better time to begin purchasing this stock again.
Thanks Doc. I knew you have been following it so I thought you might have a strong opinion on it. I made some money on it on the inital move up, but got out after a pretty good gain. I too have been waiting to get back in and plan to keep following it.
Happy New Year….
I thought I would visit the DEBT CLOCK…..to see how we are doing as a Country USA of DEBT.
National Debt….(fake but we are looking at the clock)…………….$21.9 TRILLION
People receiving Welfare………………………………………….168,697,400 People
Govt. Workers………………………………………………………23,631,000 slobs
Manufacturing………………………………………………………17,283,000 tax slaves
Gold on the books valued at………………………………………..$4,802 per oz.
WHAT A JOKE>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Sorry, compute thought is was a joke……….or a sorry mess………………. 🙂
169 Million people on the TAKE……..EBO…..hurry and get that payment in……Jerry Brown is retiring and needs the cash…………..
Oh sorry………..this is the investment section………..I did promise to behave……lol
Liabilities per citizen………$997,000……and you thought you were rich…….
Convicted felons……………20,109,000
US..Vets…………………….20,899,000
OOTB, where did those number come from?
Better keep your guns handy…………jmo
I am not sure about that OOTB!
HAPPY NEW YEAR>>>>>>>>>While it Last……………………
HELLO OWL>>>>>>>
where did the numbers come from……….you ask
My statement at the beginning was…….The National Debt Clock
http://www.usdebtclock.org/
Correction to above……..
Manufacturing in the year 2000…….was !7,000,000
NOW……………………………………….12,000,000
And we have……………………………….23,000,000 govt workers…..
that is 17,000,000 then….not!7
Hi Jerry….Is that a new script for a horror movie that you just wrote ?
It sure looks scary.
Hello Irish……WORLD WIDE DEBT…..is another Horror Story…….
Not to many years back, maybe 6yrs……the debt per individual was $160,000 per,……Now the number is a staggering $998,000….Unbelievable .
For those of us who have been following this story since the nineties, it is both staggering and believable only because of many of our fellow citizens.
I don’t mean to correct you Jerry but it should read, “Hello Sir Irish, Duke of Guinness….etc.
WORLD PREMIERE! “Free Markets…are the Road to Freedom!” by Bix Weir w/ Tiger Muse
https://www.youtube.com/watch?v=x80zTgqb9Ks&feature=youtu.be
FLASH>>>>>>>>CRASH…………..we will see………
https://www.zerohedge.com/news/2019-01-02/multiple-fx-pairs-suddenly-flash-crashing
Gold higher in the West for a change…….
http://didthesystemcollapse.com/
Doc, As Ohio St. did much better in the Rose than Michigan in the Peach, and as Urban Meyer has left OH ST, why doesn’t Michigan offer Urban 10 million a year to coach the Wolverines? The Longhorns looked better against Georgia than Bama did.
I would bet that Coach Meyer is done!
BB, since Meyer has that cyst on his brain that gave him all those severe headaches when coaching Ohio State, can you imagine the severity of those headaches if he took a job at Michigan?
I guess Urban should just go hunting and fishing with Bobby Knight.
Good example of nobody knows anything…………
https://www.zerohedge.com/news/2019-01-03/here-are-all-analysts-who-were-shocked-apples-announcement
Posting this and may repost later……….JOB NUMBERS….
https://www.zerohedge.com/news/2019-01-03/construction-industry-layoffs-surge-most-record
And an even more troubling observation: the number of layoffs in the construction industry jumped by 8,822 – this was not only more than all 15 prior months combined, but was the most since at least October 2006 when Challenger started tracking the industry. Indicatively, the next closest month with such a high spike in construction job losses was February 2007, just ahead of the Great Recession.
Truck Sales are going in the tank…………..
Corporation welfare is on the way…….GM and Chrysler……bail out on the way…..
I guess these workers will just go get a govt job counting illegal jumping over the fence , or get a job counting democrat votes in Miami……………..
The National Debt…………will go higher……….
https://www.zerohedge.com/news/2019-01-02/collapsing-us-productivity-changes-everything
• Increased government borrowing has enabled vast, inefficient bureaucracies at the U.S. federal, state and local levels to avoid reform.
• America’s seniors are draining productive resources from the economy by collecting pensions and healthcare benefits they never fully funded.
Pelosi……….and the gang will enable every tom, dick and harriet , to become participants in the momma welfare state………..
People on Welfare……..USA…….now 168,000,000
Doc,
Do you think that PG.TO have bottomed, or do you see it go lower?