Green Across The Board… Except For The USD
Chris Temple joins me today to outline how a Wall Street Journal article is helping to drive markets and metals higher, while pushing the dollar lower. Just another day where headlines are moving markets…
A ZIG AND A ZAG…….Fed got ya us by the zeeb..s
US government re-opens until Feb 15? (without wall funding?)
EU to follow Japan into Zombieism? Print….print ….print.
Update 3 (2:20 pm ET): Trump has announced a tentative deal to reopen the government for 3 weeks until Feb. 15.
TRUMP: AS EVERYBODY KNOWS, I HAVE “VERY POWERFUL ALTERNATIVE”
TRUMP SAYS HE WILL SIGN BILL TO OPEN GOVERNMENT FOR 3 WEEKS
TRUMP SAYS HE WILL MAKE SURE WORKERS GET THEIR PAY QUICKLY
TRUMP SAYS DEAL REACHED TO END SHUTDOWN
TRUMP SAYS HE HAS POWERFUL ALTERNATIVE, HOPES WON’T BE NEEDED
TRUMP EXPECTS HOMELAND SECURITY PACKAGE TO BE SIGNED SO
Round…….1 …..Pelosi……and Demoron
American people working for the govt …..are broke…….not even enough cash for a month…..
How in the world is the DEBT going to be paid……..each one of these characters owes, …$990,000 according to the debt clock…………………….. 🙂
The insanty No Stops !!! https://www.youtube.com/watch?v=SkzLzoiHA2o
https://www.youtube.com/watch?v=a2oOnnLwa94&t=905s
USA Watchdog Weekly Wrap
oops hit the wrong key…..did not mean to time delay the start of USA Watchdog
GOlD is popping after hours……..that is Good………
$1303……one good step…..not 1307 or 11…….
But good……
Dollar having trouble, …..I see…..
Frank Holmes – Gold is Going to Have an Incredible Run
by @PalisadeRadio on January 25, 2019
https://ceo.ca/@palisaderadio/frank-holmes-gold-is-going-to-have-an-incredible-run
Golden Cross in Gold
by @Goldfinger on January 23, 2019
“A textbook “golden cross” occurs when the 50-day simple moving average crosses above the 200-day moving average. Technically speaking this moving average crossover means that the market in question has moved into an uptrend after a longer term period of consolidation. For markets in strong long term secular uptrends (like the S&P 500) golden crosses are meaningful in the bigger picture and tend to result in higher prices 6-12 months out from the date of the bullish moving average crossover.”
“The last golden cross in the S&P 500 occurred in April 2016 and we know what happened over the ensuing months & years:”
Hundreds missing after mining dam collapses in Brazil
Jan 26 2019
“A dam that held back mining waste collapsed on Friday in Brazil, inundating a nearby community in reddish-brown sludge, killing at least seven people and leaving scores of others missing.”
“Vale CEO Fabio Schartzman said he did not know what caused the collapse. About 300 employees were working when it happened. About 100 had been accounted for, and rescue efforts were under way to determine what had happened to the others.”
#Lead: 5 things to look for in 2019
Wood Mackenzie | a day ago
“Since the start of last year, the lead price has been on a fairly steady decrease with few interruptions, propelled downwards by external forces with its own – essentially sound – fundamentals doing little to battle this fall. As for the past two years, mine production is the key factor affecting the supply-demand balance. But, after four years of decline, mine output is forecast to reverse this trend with some meaningful growth. The unfamiliar problem for primary lead supply is now the prospect of a smelter bottleneck due to the potential for capacity outages both in China and the Rest of World (ROW).”
http://www.mining.com/web/wood-mackenzie-lead-5-things-look-2019/
Zinc hits highest in nearly 3 months on worries of shortages
Reuters – Friday January 25, 2019 – By Eric Onstad
“Zinc prices hit their highest in nearly three months on Friday on worries that weak refined output in China could send the global market into deficit.”
“Lead also hit a three-month peak after inventories dwindled, but the wider industrial metals market was weighed down by worries about global growth.”
“The big question in zinc is smelter utilisation in China. It’s really finely balanced, it’s on a knife-edge,” said Oliver Nugent, analyst at Citigroup in London.
“If you make a tiny change in your assumption for
utilisation this year, you swing from a balanced market to a big deficit.”
First QT stops, then QE begins….