It Is Time To Fade The US Market Rally – But Where Does It Go From Here?
Dana Lyons, Fund Manager has been spot on calling the recent moves in the markets. At the tail end of December he was playing a bounce in the markets and now Dana is expecting this bounce to be done with. The important discussion is how this next move will play out. There is the potential of a fast and severe drop that brings everything down with it.
Just in case …one wants to know more.
https://www.zerohedge.com/news/2019-01-17/trump-tells-pelosi-her-trips-are-postponed-due-shutdown-unless-she-flies-commercial
I call that a bounce………….lol
Jerry…You missed out the Davos crowd…..He shafted them aswell……HaHa
https://www.foxnews.com/politics/trump-cancels-us-delegations-trip-to-davos-summit-sanders-says
Who needs um…………just a bunch of con men……ripping everyone off………
I guess we know who doesn’t have any palladium.
If you call +$40.00 an ounce today getting jacked around, I’ll take it.
If things get hairy with China I would pay attention to the Rare Earths. Of course if you want to make money biotech is the place to be.
Full disclosure I have some CJCFF, I wouldn’t recommend it though. And yes I have physical palladium. And yes I wish I had more.
It, went up $75………and then , did you see BoB M’s comment…..
On January 17, 2019 at 12:02 pm,
Robert Moriarty says:
If the Kitco numbers are accurate for palladium it was up $75 at one point today. And yesterday’s dsi was a record setting 96. Look for a crash starting immediately.
It would be interesting to hear what Bob considers a crash. Price targets are always nice. Mr Moriarty missed the entire Bitcoin run and gave me sh*t the whole way. I looked at the monthly chart this morning I don’t see a crash.One way or the others my physical metals will never be sold.I didn’t buy them to speculate,but I will admit it is fun watching. Don’t get me wrong, I Love Mr Moriarty.
https://www.youtube.com/watch?v=_txdqnVP3-c
I am bringing this forward…….from another section…..which I think is a good comment…jmo
On January 17, 2019 at 2:03 pm,
Robert Moriarty says:
At every top there are 100 reasons to buy, at every bottom there are 100 reasons to sell. That’s what makes them tops and bottoms.
Extremes of emotion mark every turning point. When a commodity is up 20% on the day, every short just got margined out. Now we are out of buyers. It’s a top.
I tried following Mr Moriarty’s guy on moon cycles for a while. I couldn’t find the rhythm. In Palladium’s case I think their is more to the story. The last time it was Rhodium. Rhodium went from 125.00 to 10,000 an ounce. I like the sentiment indicators, but I will add that chances are some hedge fund has this thing cornered.The price will come down when they say so.
I think palladium could move up another $100 pretty easily before correcting but I’m not sure I’d want to bet on it (I do not own any). Big picture, the P&F chart price objective is $2,300, fwiw.
NOt worth the risk……at this point….jmo
If you want to see what a crash looks like, look at the chart of palladium. That’s exactly what a crash looks like.
By the way, nobody can kiss all the pretty girls. Bitcon took $700 billion from investors and if you go back to my pieces and interviews of mid-Dec of 2017, that’s what a top looks like.
The number of markets I miss is very long and I hope growing. I have missed this giant move in palladium, I sold way too soon. I hope I can always sell too soon.
Hi Mr Moriarty: I can credit you for me being in Palladium. I heard you say you had it three years ago so I bought physical. Nobody knows anything but I know who to listen to. Of course you were right about bitcoin and the madness that surrounded it. I liked it until Wall Street got involved. Then it became just another way for the big boys to shear sheep.
Euphoric markets that go vertical often swing wildly before finally reversing. Palladium is currently higher than yesterday’s close and the daily and weekly RSI(14) readings are both still above 80 and even the very steep trend line of the last two weeks has not been broken yet.
The potential to move higher is still there until that trend line breaks anfd the RSIs go below 70. Maybe the DSI will hit 99.
You don’t buy straight-up moves and you don’t short them.
I’ll give you a “gut ” call here Mathew. As long as the conventional market continues to rise so will Palladium. This has been in the cards for a while and I think it will continue.If the dow goes to 26,000, I would expect to see Palladium around 1685.00
No doubt…………palladium has been on a good ride……..,
MY COMMENT THE OTHER DAY
Wake up Call from Jensen…….good interview…..start about 5min mark
Palladium ……Jensen https://www.youtube.com/watch?v=obce3nZ_pV8
Reply to this comment
On January 16, 2019 at 8:33 am,
OOTB Jerry says:
Palladium SHORTAGE……..
Reply to this comment
I have phyzz Platinum……and see no reason to chase palladium at this stage,….
it was a sleeper, but, it is hard to watch all the metals…..and glad you have profited from palladium.
Thanks Jerry: It’s just a payback for all the money I donated in the early days.
I purchased palladium at about 300-400 (physical) and sold for a little above 1000—probably should have held a little longer but it was a nice profit no less.
ditto, rake it off the table….for a little 300% return……
REALLY BIg NEWS>>>>>>>>>>>>>SAM ZELL………..is BUYING GOLD>>>>>>>>>>>
https://www.zerohedge.com/news/2019-01-17/billionaire-investor-sam-zell-says-hes-buying-gold-first-time-my-life
are the two reasons why Zell has been buying.
“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”
“The amount of capital being put into new gold mines is a most nonexistent,” Zell said. “All of the money is being used to buy up rivals.”
Texans Capitulate to Israel
Government employees must swear not to boycott the Jewish state.
https://russia-insider.com/en/texans-capitulate-israel/
The death of the US Constitution is the death of the United States. Israel has stolen our country from us.
This could be old news.
Does this “THING” make you proud to be American ?https://www.rt.com/usa/449071-cardi-b-shutdown-senators/
Or what about this “THING” !!!!
https://www.rt.com/usa/448214-snoop-dogg-shutdown-trump/
I’ll respond to you Irish:
Take it or leave it these two are Americans. I would rather have them than a President who cannot release the JFK documents. I’ll take them over a congress that continues to try conceal the lie that is 9/11. You have to go to RT to hear a story about veterans health and the V.A. Opiate overdoses for veterans are two times the national average. 23 veterans a day commit suicide. Those that make the profit off of war are never the soldiers that fight them. The Congress could not give a rats ass about the people of the U.S and the first order of business is to take care of Israel. The mindless Christian organizations are the ones ruining the U.S with their blind support to Israel and the influence they can exert on the Political system.
They are all convinced that we are in the end times and would like nothing more than a big War to usher in what they believe should happen. Most of the leaders are false prophets and have lined their pockets in the name of Religion. It’s a damn disgrace.
Snowbird:
Your thinking is a lot closer to reality than you know. Clearly Hillary Clinton got a pass on the server and classified documents issue. All the while she acted as if she had five aces up her sleeve. She was afraid of nothing. She lied to Congress, Huma Abadeen lied to the FBI and there were no charges.
What if Hillary said she would blow the whistle on 911 if she was charged? She certainly would know and for sure it wasn’t some guy in Afghanistan dying of kidney disease.
I wrote about our friends in Israel today.
http://www.321gold.com/editorials/moriarty/moriarty011819.html
What do Palladium and Pelosi have in common………both got jacked up and jacked around
Pelosi……..got shut down at the airport…..Trumped again.
Trump told her she was not going on a joy ride at taxpayer’s expense……
Trip to Afgan, Egypt.. she.got stopped at the airport min. prior to departure, …What a Hoot., now she is really going to have to change her palladium depends……LOL