https://youtu.be/PGYD9pByLhI?t=32
Ira’s metals

https://www.youtube.com/watch?v=3FhDg7-0mmU

the bigger picture

I do not often state opinions. I much prefer to quote raw data, original speeches, etc, and let others draw conclusions.
When I state an opinion, I usually use “I believe….”
I do like to ask questions, however. Not question like: “Will the stock market fall?”
But “If the stock market falls what will the response of the treasury be?
What will be the response of the bond market?
What will politicians do? ……”

Answering those type of questions leads me to conclusions……and hence opinions.

So. What do you think will be Trump’s response and orders to the treasury if the general stock market has a significant fall?

I find it hard to believe any other response than QE large as an attempt to prop things up and kick the can down the road.

Pure economics, on the other hand, indicates the stock market should only be at about half of where it currently is. (Historic P/Es, Schiller P/Es, etc..)
Will the treasury succeed in propping the stock market up?
I believe that it probably will have limited success, but not complete success.

https://www.youtube.com/watch?v=LGt2wyYq2Hs

Silver ?????

Silver:
http://schrts.co/yFeEUCdW

Gold is strong and the current uptrend is much more sustainable than that of 2016…
http://schrts.co/nQbKHTnC

https://audio.theabcdn.com/attachments/34257337/us-economy-is-an-island-of-prosperity-in-the-imf-ocean-of-ungrowth-in-europe-and-asia-what-is-to-be-.mp3?audio_clip_id=7151464&rev_id=230&src=btr&stream_id=4002274&sub=ex&Expires=1548281145&Signature=C8UawNA-n76zi2wfPHAfp8vCfVp%7EtJoiqMSkShFYDf2StM6XDJgaI9fTEM3J8jbH2UMm9Cy6iqUDjJsbwi756KosqCcD74MVTTRBLbQ8R2Xx%7EJ40YeOuEmquDLvmvKFSY8eSNS-Yv4eXASAx-Eo6jms5N6Me44cWHTSW5ZEvpg0_&Key-Pair-Id=APKAIVRAZ4UQUDAT3NHA
kudlow

USDJPY set to test the 50 dma and/or 200 dma at 111.

FOMC on the 29th–next Tuesday. Expect metals and miners to stay weak into that meeting.

I’ll stick by my call of an intermediate cycle low by next week. If it extends beyond that, there is a very good chance that the miners will give up the cloud support they have enjoyed on the daily chart, which would support Doc’s scenario of weakness into midyear.

$hui should get some sort of bounce next week. It’s been oversold since the 15th on the daily chart stochastics and typically 2 weeks is about the upper limit on the stochastics staying oversold. I would not expect a repeat of July-August 2018 any time soon.

The black candle from Dec. 4th will probably get taken out soon, if not today..

SILJ:SLV making a new low on the daily chart yesterday bothers me. While there could be a rebound back to the 100 dma in the near term, conventional wisdom would be that SILJ will follow the ratio and is going to make a new low eventually.
Whatever.