Richard Postma - The Doctor Is In – Wed 2 Jan, 2019

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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Richard PostmaCory Fleck
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Comments:
  1. On January 2, 2019 at 1:30 pm,
    Max says:

    Doc,

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

    • On January 2, 2019 at 1:38 pm,
      RICHARD/DOC says:

      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.

  2. On January 2, 2019 at 2:10 pm,
    Max says:

    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.

    • On January 2, 2019 at 2:23 pm,
      RICHARD/DOC says:

      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.

      • On January 2, 2019 at 2:24 pm,
        RICHARD/DOC says:

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

        • On January 2, 2019 at 2:44 pm,
          Max says:

          Thank you, Doc.

  3. On January 2, 2019 at 2:29 pm,
    Charles says:

    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.

    • On January 3, 2019 at 3:50 am,
      RICHARD/DOC says:

      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.

      • On January 3, 2019 at 4:45 am,
        Charles says:

        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.

  4. On January 2, 2019 at 2:43 pm,
    OOTB Jerry says:

    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………………. 🙂

    • On January 2, 2019 at 2:47 pm,
      OOTB Jerry says:

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

      • On January 2, 2019 at 2:48 pm,
        OOTB Jerry says:

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

        • On January 2, 2019 at 2:53 pm,
          OOTB Jerry says:

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

          • On January 2, 2019 at 2:58 pm,
            OOTB Jerry says:

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

          • On January 2, 2019 at 7:09 pm,
            Big Al says:

            OOTB, where did those number come from?

          • On January 2, 2019 at 2:59 pm,
            OOTB Jerry says:

            Better keep your guns handy…………jmo

          • On January 2, 2019 at 7:08 pm,
            Big Al says:

            I am not sure about that OOTB!

          • On January 2, 2019 at 3:00 pm,
            OOTB Jerry says:

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

          • On January 3, 2019 at 7:30 am,
            OOTB Jerry says:

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

          • On January 3, 2019 at 9:04 am,
            OOTB Jerry says:

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

          • On January 3, 2019 at 9:06 am,
            OOTB Jerry says:

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

  5. On January 2, 2019 at 3:17 pm,
    irishtony says:

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

    • On January 2, 2019 at 4:22 pm,
      OOTB Jerry says:

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

      • On January 2, 2019 at 4:25 pm,
        OOTB Jerry says:

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

        • On January 2, 2019 at 6:44 pm,
          Big Al says:

          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.

      • On January 2, 2019 at 6:49 pm,
        Big Al says:

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

  6. On January 2, 2019 at 4:16 pm,
    Markedtofuture says:

    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

  7. On January 2, 2019 at 5:02 pm,
    OOTB Jerry says:
  8. On January 2, 2019 at 5:25 pm,
    Bonzo Barzini says:

    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.

    • On January 2, 2019 at 6:37 pm,
      Big Al says:

      I would bet that Coach Meyer is done!

    • On January 3, 2019 at 3:54 am,
      RICHARD/DOC says:

      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?

      • On January 3, 2019 at 8:42 am,
        Bonzo Barzini says:

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

  9. On January 3, 2019 at 7:45 am,
    OOTB Jerry says:
  10. On January 3, 2019 at 7:48 am,
    OOTB Jerry says:

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

    • On January 3, 2019 at 7:49 am,
      OOTB Jerry says:

      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.

      • On January 3, 2019 at 7:50 am,
        OOTB Jerry says:

        Truck Sales are going in the tank…………..

  11. On January 3, 2019 at 8:03 am,
    OOTB Jerry says:
    • On January 3, 2019 at 8:05 am,
      OOTB Jerry says:

      • 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.

      • On January 3, 2019 at 8:07 am,
        OOTB Jerry says:

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

        • On January 3, 2019 at 8:09 am,
          OOTB Jerry says:

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