Comments on the gold and oil sectors
Doc joins me today to share his thoughts on the range bound gold and oil sectors.
off topic:
A new alternative to Student Loans:
https://www.bloomberg.com/news/articles/2019-04-09/college-grads-sell-stakes-in-themselves-to-wall-street
Kind of a goofy idea……….bondage forever….
Congress should be hung…….not allowing the kids to include these loans in a bankruptcy.
How about just hang the government people that signed loyalty oaths to Israel?
ah geez, Trump would have to hang too.
The country is run by traitors.
At Purdue it seems to be 8-15% of gross for 5-10 years, depending on major.
For most, it works out better than conventional student loans, which are a government program and are not dissolved by bankruptcy; forever a noose that has to be paid.
(And just wait if interest rates go up!)
I agree…..govt program…..stink…..bondage forever….
My comment was based on the article……which is a little different than your comment.
Off Topic:Free Enterprise capitalism in Israel….
https://news.yahoo.com/israel-set-land-spacecraft-moon-first-145448194.html
If Israelies can land a spacecraft on the moon, please remind me again why Israelies need billions in US Gooooberment aid…
…and that should be “billions of dollars in direct US Goooooberment EVERY YEAR and that does not include all the indirect aid, subsidies, preferential treament, etc.”
Geez Doc, better not say the Saudi rulers are some of the worst people in the world unless you want to get khashoggi’ed.
Given the insolvency of the US, I believe we should limit aid solely to disasters and famines, but politicians like to spend our money, never theirs.
Our completely corrupt politicians going back generations have spent, taxed and promised this country into future oblivion. Mark my words, a terrible day of financial reckoning is coming and we will pay dearly…I’m sure you will agree!
And get that 1040 filled out and get those taxes paid!
Israel is calling! NuttyYahoo made a lot of expensive promises to get re-elected and YOU and all those funding Uncle Sucker MUST pay up!
The Assange plot thickens!
https://www.youtube.com/watch?v=QFq38d3Q9qY
I guess Trump does not really mind spying!
/CL oil, daily completed AB=CD up today…Bearish morningstar candle pattern….Volume on todays pull down…Weekly chart completted a .618 upward retracement and has formed a bearish hammer off a top candle….With strong volumes…..Weekly only has 2 waves up as such a failure here would be very bearish with embeddeded slow stoch and bullish MACD…just saying this could be a weekly Gartley sell…..No promise but the structure IS present, that’s all
/CL correction…today it is pushing into 4/8/19 candle with lighter volume…..so far…..it is a test and rejection of lower price with less volume that is generally bullish
Ira’s Metals:
On April 11, 2019 at 12:43 pm,
CFS says:
The Doc proves a better chartist than many!
No question about that!
Let’s see what happens when gold breaks below the 20 WMA.
It looks like momentum will will pickup to the downside, instead of sideways to down. The next week or two should tell the story if gold falls slowly down, or if it’s the big wash.
I think the big washout is looming.
You guys are funny. He was wrong all the way up and now a blip to the downside makes everything ok? GDX is up 30% since bottoming in September.
And the major lows? Oil tripled after he said it wasn’t going anywhere and the miners had their best run in decades while he did nothing but predict lower prices.
In fact, the miners STILL haven’t dropped back to the level that he thought was too expensive 3 years ago…
http://schrts.co/RAJxUHWF
Enjoy!
Doc, what do you think of Auryn Resources AUG and Klondike Gold KDKGF at current prices? Should we wait until gold goes to 1220-1250?
Pardu, I own AUG. The daily and weekly charts still look strong however the monthly chart is flashing a warning since we’re approaching the upper BB which would be at about $1.95. If we close this week where we are as regards price, we’ll have closed above the 200 week SMA for the first time in about one year. I’m not adding to my position at these levels anymore but will hope for the beginnings of a pullback in the next 2-3 weeks. The odds are with the stock moving a little higher over the next 10 trading days but then I would get cautious. KDKGF appears like it wants to remain in its’ weekly trasing range for awhile yet. Watch the monthly chart. The BBs are starting to narrow. Personally, I would wait until they’ve narrowed more before taking a position in the stock
The Bard of Epoch Times gives her lastest on Spygate:
https://www.youtube.com/watch?v=P610D1ufp5M
With regard to Assange, the kidnapping by UK cops for renditition to the US is interesting.
The U.S. is not charging Assange with charges of publishing classified material or ANY PUBLISHING CRIMES.
The US is charging Assange with conspiracy to spy; basicly that Assange gave Chelsea manning a program to help Manning break U.S. Government passwords on his computer.
This is interesting because such programs are easily accessible, especially on the dark web.
Clearly Assange’s trial, if there is one, will be held in camera (if he isn’t suicided) because the US, I suspect, cannot prove by legal means Assange helped Manning.
Manning served some years in jail(originally sentenced to 35 years), but his sentence was commuted by Obama to time served.
Wikileaks still has Podesta emails and lots of undisclosed Clinton , DNC, and Obama emails.
This could provide leverage for Assange, especially if Trump is serious about going after Hillary and sex trafficking crimes.
One QAnon poster says “They have the ultimate source, JA, for all Clinton information.”
However, do not expect anything to happen soon.
Julian Assange won’t appear in an American courtroom anytime soon
The arrest of Julian Assange in London on Thursday means that the WikiLeaks founder will likely face a U.S. trial. The Justice Department has charged him with conspiracy related to unlawful computer intrusion. But because of British criminal procedure, Assange’s extradition very likely won’t occur for a number of years.
Assange will first be tried in the English court system for skipping bail in 2012. That charge normally entails a sentence in the range of 6 weeks, but because the case has been referred to the Crown Court, Assange may face a sentence of up to one year if convicted.
When his British trial and sentence are completed, and the U.K. home secretary authorizes his extradition, Assange will almost certainly appeal the extradition order. And that’s where the delays are going to come into play.
Because of the sensitive legal questions of press freedom and due process, the English courts will likely grant him repeated leave to appeal to higher courts in the event of lower judges approving his extradition. And due to diverging English and U.S. legal interpretations of human rights and criminal conduct, that judicial approval cannot be taken for granted in the first place. But assuming lower courts do approve extradition, Assange’s appeal process may eventually reach the Supreme Court. Indeed, if Brexit is delayed significantly or even revoked, Assange may even be able to appeal to the European Court of Human Rights. The history of similar appeal processes means that Assange is unlikely to set foot on U.S. soil for a matter of years.
Source: Washington Examiner.
CFS comment: The Washington Examiner may not be totally correct, since no publishing charges are involved.
U.K. courts are notoriously slow, but if Trump can pressure the UK enough to go into an embassy and extract Assange, then the U.S. can also pressure enough to get bail-jumping charges dropped.
“Assange will first be tried in the English court system for skipping bail in 2012.”
Skipping bail on trumped-up rape charges that seemed likely to have been fabricated to detain him and extradite him to the US.
https://www.paulcraigroberts.org/2018/01/12/persecution-julian-assange/
Assange’s Arrest Erases What America Suppposedly Stood For
https://russia-insider.com/en/assanges-arrest-erases-what-america-suppposedly-stood/ri26763
Unless it’s 4D chess, as Chartster’s Sorcha Faal post near the bottom of the thread suggests.
I guess we’ll find out soon enough.
Trump better pull a rabbit out of his hat, because independents who supported him are becoming vocally critical.
Mike Krieger’s no dummy:
“Though not surprising, it’s nevertheless extraordinary to watch Donald Trump publicly and shamelessly morph into a George W. Bush era neocon when it comes to foreign policy, and a CNBC stock market cheerleader when it comes to the economy. Just like Barack Obama before him, Trump talked a good populist game on two issues of monumental importance (foreign policy and the rigged economy), but once elected immediately turned around and prioritized the core interests of oligarchy.
Trump doesn’t even give lip service to big picture populist topics anymore unless they’re somehow related to the culture war, which works out perfectly for the entrenched oligarchy since the culture war primarily serves as a useful distraction to keep the rabble squabbling while apex societal predators loot whatever’s left of this hollowed out neo-feudal economy.
The pivot toward status quo consensus when it comes to two of the most existential issues facing the nation should be deeply concerning to everyone, but particularly to those who thought Donald Trump would be different. When it comes to militarism and empire, Trump’s hypocrisy and bait and switch is one for the record books…”
https://libertyblitzkrieg.com/2019/04/08/trump-cares-about-two-things-empire-and-the-stock-market/
If Assange stays in England, it’s a 100% chance of death by the queens weasels. If the US gets involved and brings him to the states, he rolls-up the deep state and the good guys win.
We shall see how it plays out.
Serious chess going on, and Julian is no pawn.
Chartster, excellent point. Pompeo etal talk tough about Assange but I have a feeling that they want him back in the states to question him about the DNC and John Podesta email hacks. Assange knows who compromised the emails and if he reveals what he knows for clemency, it’ll put to rest that Russia had nothing to do with it and that it was an inside job.
In the future nobody will care about Assange’s data leaks or email hacks as everyone will be too busy hacking into each other’s digital assistants like Siri and Alexa.
__________________________________________________
Amazon Workers Are Listening to What You Tell Alexa
Matt Day, Giles Turner and Natalia Drozdiak 13 hrs ago
“Millions more are reluctant to invite the devices and their powerful microphones into their homes out of concern that someone might be listening.
Sometimes, someone is.”
“Amazon.com Inc. employs thousands of people around the world to help improve the Alexa digital assistant powering its line of Echo speakers. The team listens to voice recordings captured in Echo owners’ homes and offices. The recordings are transcribed, annotated and then fed back into the software as part of an effort to eliminate gaps in Alexa’s understanding of human speech…”
Why would they need to have him arrested and extradited?
They could just subpoena him and they probably wouldn’t even need to do that as I bet he’d hand over voluntarily anything they wanted.
Pompeo, the Congress Critters and everyone associated with the Deep State and Swamp want Assange to spend the rest of his life in solitary confinement in a Super Max prison, if not executed. They’ve made that very clear for years.
They want to make him an example to send a clear message to anyone who is thinking of exposing evidence of the murderous behavior of our b@stard criminal gooooberment.
Anything else you are trying to read into this is a delusion.
Israel private moon rover landing failed.
(?computer malfunction or misprogramming?)
With Israeli Prime Minister Benjamin Netanyahu and a throng of dignitaries and well-wishers looking on, a small Israeli spacecraft attempted to pull off the first privately-funded non-superpower moon landing Thursday, but the lander apparently crashed to the surface after engine trouble and communications glitches during the final descent.
“We had a failure in the spacecraft,” said Opher Doron, general manager of Israel Aerospace Industries space division, builder of the Beresheet lunar lander. “We unfortunately have not managed to land successfully.”
It was not immediately known what went wrong. The descent, from an altitude of about 15 miles, began on time just after 3 p.m. EDT. At that point, the spacecraft was about 500 miles from the intended landing site on a broad plain known as Mare Serenitatis.
CBS News.
Some people believe that no matter what a country may do, it is the duty of its citizens to obey their country’s laws without objection.
Others believe that mankind should live by a set of moral and ethical laws that supercede those of any one country; such that it is their moral duty to resist evil even when it has been declared by those in power of their country to be legal and just.
Clearly,, our Founding Fathers and Julian Assange, rightly or wrongly, belong to the second group.
At least in the age of the internet, enough light will be shone so that Assange should not end up incommunicado indefinitely.
And if you boys need more bad news…
“‘Too frail to work, too poor to retire’” will become the new normal for many elderly Americans”
Two excellent articles……….
Thanks……EBO……………………………………
I tell ya, Jerry, there’s never a shortage of bad news.
I just hope I never become too frail or too poor to listen to this here KE Report!
As long as you have a voice, you can use google voice, and make your wishes known… 🙂
Chelsea Manning is in jail for refusing to testify for Assange Grand Jury:
Oops…..wrong ref above.
correct is
https://www.usatoday.com/story/news/world/2019/03/08/chelsea-manning-jailed-refusing-testify-jury-wikileaks/3103289002/
I did mention Qanon early in my comments about Assange.
I, personally, do not know the reasons behind Assange’s renditition to the U.S.
There are, of course, at least two possibilities:
1. Intentional silencing of potential leakers.
2. Gaining access to Assange’s knowledge, for use in prosecutions of swamp creatures.
Clearly there is a substantial difference between those two possibilities, but time will tell which is closer to the truth.
Clearly 1 would place Trump as a black hat, whereas 2 would place Trump closer to a white hat.
Either way, it appears to me Trump is probably lying when he claims to know nothing; either that or he is a lot less hands on than he usually portrays.
Trump has selective memory……jmo
+1
Only complete fools would trust a guy who says that Hilary, Bill and Epstein are wonderful people.
+1
I have really been trying to give DT the benefit of the doubt…….but, man it is difficult…
One thing is for sure, he never says no to Booboo NuttyYahoo. And he surrounds himself with criminals: Kushner, Bolton, Pompeo…and he’s got more Goldmen Sucks people around him than Obammy had.
It’s like I say, anyone who can get elected Emperor has got to be a criminal and is never going to be a champion of us little people.
Screw the little people…..serfs from the beginning to the end…..
Zero Tax …….here is your chance EBO………..oh, sorry, that is just for BEZO… 🙂
https://www.aol.com/article/finance/2019/04/12/warren-on-amazons-dollar0-tax-bill-yes-its-legal-and-thats-the-problem/23710859/
The work involved with being a President must be incredible for a hands on type person.
I read/work typically 20 hours a day, and I’m sure I couldn’t handle the work load. His choice of vital advisers has not always been that great.
Meanwhile in Iran the IAEA is turning up evidence that Iran had a hitherto unknown program to build nuclear weapons. (and traces of highly enriched uranium, although the systems and uranium had been removed prior to inspection. Remember under Obama’s stupid “agreement” the IAEA had to give pre-warning before an inspection.)
http://isis-online.org/isis-reports/detail/iaea-visits-turquz-abad-too-little-too-late/8
I wonder, why does the ISIS acronym keep cropping up? Odd.
I looked at the isis-online website and checked out their staff. I wonder if it is any more than an Israel lobby group.
isis website? Whats the address?
I googled and found something “under construction”.
How many things get deleted by google facebook twitter etc and not an isis website? seems kinda odd alright.
Not that ISIS, b. The link is in CFS’s post, just above mine:
‘Institute for Science and International Security’ or something like that.
Rouhani — is there something incriminating there? Or are the Iranians not allowed to develop nuclear energy like every other nation?
WSJ, not a subsciber, can’t read it. And wouldn’t trust a Rupert Murdoch where Israel’s interests are concerned in any case.
It’s your favorite country that is the nuclear rogue. And that has a serious credibility problem.
I see we’re cross-contaminating markets talk with politics postings again.
Apologies.
New all-time high for SPY:
http://schrts.co/jqHKpTna
SILVER UP DATE…………jsmineset……
April Silver’s Delivery demands sure got settled out during yesterday’s trade with the request count now at 1 contract waiting for physical proving a drop of 15 obligations and with Zero Volume up on the board so far this morning. With this kind of buying activity going on inside the delivery system one would suspect the short traders to lighten up the risk a bit but noooo! Instead, they added an additional 7,384 more short contracts to control (stay) the prices as we see the game reach its pinnacle as the total Open Interest in Silver is now at 220,355 Overnighters, yet Silver is now trading higher against the shorts …. Hmmm, with all this short pressure being applied keeping the prices (only) steady, one has to wonder how deep the pockets are of the buyers who are taking on the short trade at these cheap ass prices and at least 13 days away from the May Precious Metals Options Expirations.
ONE BIG SICK JOKE…………..silver stealers. com
WikiLeaks’ founder, Julian Assange, was dramatically arrested and carried out of the Ecuadorian Embassy in London on Thursday.
British and Ecuadorian authorities engineered the timing and nature of the raid to stop Assange from accessing a panic button he mentioned in the past, Ecuador’s foreign minister said.
Specifics on the button — or what it might do — are sparse, but the foreign minister said Assange had said it could bring dire consequences for Ecuador.
Ecuadorian officials have accused Assange of accessing the government’s security files, playing music loudly, and having no regard for personal hygiene during his stay at the embassy
CFS comment:
I guess they did not realize one dials 411 in the US to get information.
I thought the date could not be more relevent.
They are playing with your mind Professor………..LOL
The Illuminati strikes again……………… 🙂
Trumps latest tweet.
😂
Due to the fact that Democrats are unwilling to change our very dangerous immigration laws, we are indeed, as reported, giving strong considerations to placing Illegal Immigrants in Sanctuary Cities
Just have him make sure they are democratic mayors cities…..:)
Crime rates in those cities is off the charts………the illegals are already in those cities, so they should feel right at home…………
..and.. Checkmate!
OK>>>>>>>>GOOD POINT>>>>>>>>>>
a move that can only be likened to Trump achieving “Checkmate”—a chess move in which a player’s king is threatened with capture and there is no way to remove the threat—against his “Deep State” adversaries—the most dangerous of whom is Hillary Clinton—who after her hearing of Assange being taken into custody for Trump, resignedly stated “he’s the only foreigner that this administration would welcome to the US”—
Well, I guess we’ll find out soon enough, so not worth arguing.
I’m pretty amazed by this line from Sorcha Faal:
“a move that can only be likened to Trump achieving “Checkmate”…against his “Deep State” adversaries—the most dangerous of whom is Hillary Clinton”
Really?
REALLY??
The Doc proves a better chartist than many!
OFF TOPIC:
For those interested, here is a PDF download of Assange’s Indictment….
https://www.justice.gov/usao-edva/press-release/file/1153481/download