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Silver, Gold, and The USD

Cory댊
January 2, 2019

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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Discussion
44 Comments
    Max
    Jan 02, 2019 02:30 PM

    Doc,

    Do you think that PG.TO have bottomed, or do you see it go lower?

      Jan 02, 2019 02:38 PM

      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.

    Max
    Jan 02, 2019 02:10 PM

    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.

      Jan 02, 2019 02:23 PM

      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.

        Jan 02, 2019 02:24 PM

        I might add that would be a very sweet double bottom.

          Max
          Jan 02, 2019 02:44 PM

          Thank you, Doc.

    Jan 02, 2019 02:29 PM

    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.

      Jan 03, 2019 03:50 AM

      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.

        Jan 03, 2019 03:45 AM

        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.

    Jan 02, 2019 02:43 PM

    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………………. 🙂

      Jan 02, 2019 02:47 PM

      169 Million people on the TAKE……..EBO…..hurry and get that payment in……Jerry Brown is retiring and needs the cash…………..

        Jan 02, 2019 02:48 PM

        Oh sorry………..this is the investment section………..I did promise to behave……lol

          Jan 02, 2019 02:53 PM

          Liabilities per citizen………$997,000……and you thought you were rich…….

            Jan 02, 2019 02:58 PM

            Convicted felons……………20,109,000
            US..Vets…………………….20,899,000

            Jan 02, 2019 02:09 PM

            OOTB, where did those number come from?

            Jan 02, 2019 02:59 PM

            Better keep your guns handy…………jmo

            Jan 02, 2019 02:08 PM

            I am not sure about that OOTB!

            Jan 02, 2019 02:00 PM

            HAPPY NEW YEAR>>>>>>>>>While it Last……………………

            Jan 03, 2019 03:30 AM

            HELLO OWL>>>>>>>
            where did the numbers come from……….you ask
            My statement at the beginning was…….The National Debt Clock
            http://www.usdebtclock.org/

            Jan 03, 2019 03:04 AM

            Correction to above……..
            Manufacturing in the year 2000…….was !7,000,000
            NOW……………………………………….12,000,000
            And we have……………………………….23,000,000 govt workers…..

            Jan 03, 2019 03:06 AM

            that is 17,000,000 then….not!7

    Jan 02, 2019 02:17 PM

    Hi Jerry….Is that a new script for a horror movie that you just wrote ?
    It sure looks scary.

      Jan 02, 2019 02:22 PM

      Hello Irish……WORLD WIDE DEBT…..is another Horror Story…….

        Jan 02, 2019 02:25 PM

        Not to many years back, maybe 6yrs……the debt per individual was $160,000 per,……Now the number is a staggering $998,000….Unbelievable .

          Jan 02, 2019 02:44 PM

          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.

        Jan 02, 2019 02:49 PM

        I don’t mean to correct you Jerry but it should read, “Hello Sir Irish, Duke of Guinness….etc.

    Jan 02, 2019 02:16 PM

    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

    Jan 02, 2019 02:02 PM
    Jan 02, 2019 02:25 PM

    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.

      Jan 02, 2019 02:37 PM

      I would bet that Coach Meyer is done!

      Jan 03, 2019 03:54 AM

      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?

        Jan 03, 2019 03:42 AM

        I guess Urban should just go hunting and fishing with Bobby Knight.

    Jan 03, 2019 03:45 AM
    Jan 03, 2019 03:48 AM

    Posting this and may repost later……….JOB NUMBERS….
    https://www.zerohedge.com/news/2019-01-03/construction-industry-layoffs-surge-most-record

      Jan 03, 2019 03:49 AM

      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.

    Jan 03, 2019 03:03 AM
      Jan 03, 2019 03:05 AM

      • 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.

        Jan 03, 2019 03:07 AM

        Pelosi……….and the gang will enable every tom, dick and harriet , to become participants in the momma welfare state………..

          Jan 03, 2019 03:09 AM

          People on Welfare……..USA…….now 168,000,000