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Technical comments on US markets, gold, silver, and oil

Cory
December 18, 2019

Rick is with us today to share his updated thoughts on the charts for the S&P, gold, silver, and oil. Rick also comments on how he thinks the election will play out in 2020 and the market impacts.

Click here to visit Rick’s website.

Discussion
21 Comments
    Dec 18, 2019 18:08 PM

    Strange action from GDXJ during the final hour. It was stuck in a 3 cent range between 3:10 and 3:45 ET while GDX went higher. The “strangeness” is best seen a chart using 5 minute candles and spanning 2 or 3 days.

    GDX looks like it has probably put in a decent low based on the 5 minute chart and GDXJ did breakout to the upside in the final minutes.

    cfs
    Dec 18, 2019 18:32 PM

    I sometimes wonder about DeutscheBank management….

    Deutsche Bank Says Crypto Could Replace Cash By 2030
    Alex Lielacher – Brave New Coin – Tue Dec 17, 5:05AM CST
    A new report by Germany’s largest lender, Deutsche Bank, suggests that blockchain-powered digital currencies could replace cash payments within the next decade. The report says that fiat currency as we know it today may soon give way to new alternatives.
    In the report titled Image 2030: the decade ahead, the team of researchers led by Deutsche Bank’s Global Head of Fundamental Credit Strategy and Thematic Research, Jim Reid, makes several predictions about what the world might look like a decade from now.
    The 80-page report covers topics such as China’s changing consumption patterns, the rise of drones, climate policy, and quantum supremacy. For crypto asset holders, however, the most interesting chapters of the report are titled “The end of fiat money?” and “Cryptocurrencies: the 21st-century cash.”

    b
    Dec 18, 2019 18:30 PM

    Geez, it would be great to see Hillary and Tulsi on a debate stage together.

    Would the american public vote Hillary now they know she is the embodiment of corruption? the queen of warmongers?

    Maybe the whole drama was simply to ensure Trump gets elected again.

    Would the public recall Trump saying Hillary would go to jail?

    Naaaa, the public doesnt even have a clue Trump is there for Israel.

    Ya just couldnt make this stuff up.

      Dec 18, 2019 18:20 PM

      b,
      Israel and Iran have been controlled by the same people to KEEP the ME destablized.
      That game is OVER because of Trump, and many other country leaders.
      Snap out it..)

        Dec 18, 2019 18:57 PM

        It takes a special kind of person to believe that Trump has any power at all over the globalists or that he’s opposed to them in the first place. Chartster, you’re such a person so I’m not surprised you had no comment about this:

        On December 17, 2019 at 9:03 am,
        Matthew says:
        President Trump took to Twitter this morning to admonish Fed Chair Powell (something he hasn’t done for a little while).

        Trump said “Would be sooo great if the Fed would further lower interest rates and quantitative ease.”

        https://www.zerohedge.com/markets/trump-urges-fed-cut-rates-launch-qe-counter-strong-dollar

        On June 21, 2019 at 4:53 am,
        Chartster says:
        QE is impossible for the fed to do. It takes a corrupt president with a corrupt treasury to let it happen.
        —————–

        There you have it, Chartster, a corrupt president is ASKING for it, not just letting it happen.

          Dec 18, 2019 18:40 PM

          He is trolling them, that they can’t do QE…
          ..so um.., where’s the QE?
          It ain’t hapnin!

          ( don’t say the repo market is QE, cause it ain’t!

            Dec 18, 2019 18:44 PM

            But I’m sure there are people that believe the ” new plumbing repo ” is QE. And they are wrong…

            Dec 18, 2019 18:48 PM

            Your foolishness is too much, buddy!

            Dec 18, 2019 18:55 PM

            Make sure to save gold going to 1050, ok?

            Dec 18, 2019 18:05 PM

            Every Republican president of the last century has been just as compromised as any Democrat because they understand the power of their masters. Trump is no different.
            You, CFS and Al should learn about Republican Congressman Louis T. McFadden since the three of you believe in an illusory reality that was concocted by those who are at war with you.

            A tribute to Congressman Louis Thomas McFadden
            http://www.sweetliberty.org/issues/hoax/mcfadden.htm

            Dec 18, 2019 18:12 PM

            And how is Trump compromised?
            Be specific, if you can.

            Dec 18, 2019 18:21 PM

            Look into his backers and appointees and you’ll figure it out. But first, you better remove those rose-colored glasses and do some honest homework.
            One example: Wibur Ross (Rothschild man and former Democrat) bailed Trump out 30 years ago. You think Trump wants to bite that hand?

            Dec 18, 2019 18:23 PM

            Face it, Chartster, you’re just like CFS: incapable of accepting that you are completely clueless and have been fooled for your entire life.

            Dec 18, 2019 18:31 PM

            I do agree with you about some of his appointees. Bolton an Tillerson just to name two.

            The game is used by using pawns. I think some of the appointees where pawns. I think that there are several people working to save the world. I’m not saying the Wilbur Ross is doing that, but he’s doing the job he needs to do regarding international trade.
            Mike Pompeo and others are doing the best work this country has ever seen.

            Dec 18, 2019 18:55 PM

            Matthew,
            I guess you will have to take a gut-check when the mass arrests start happening and the gold standard is introduced.
            And I haven’t been fooled all my life. Just a large portion of it. You my friend are still confused. I think the confusion comes from who you listen to. No offence, but those folks (and you know who they are) are shills. You’ll figure that out, soon.

            Dec 18, 2019 18:03 PM

            You are very sadly the confused one, Chartster. It shows in almost everything you say and often in what you don’t say.
            Why don’t you tell me who I’ve been listening to?

            Dec 18, 2019 18:33 PM

            Maybe it’s past your bedtime or maybe you don’t want to tell me because you know you’re full of sh*t.

    Dec 18, 2019 18:37 PM

    Trump has a sense of humor, he is holding a rally tonight in Battle Creek Michigan! LOL! DT

    Dec 18, 2019 18:15 PM

    Be ready for volatility tomorrow….

    Dec 18, 2019 18:50 PM

    OPUS 199 American History Mind Control

    https://www.youtube.com/watch?v=F6NzOqSXxLg

    Dec 18, 2019 18:40 PM

    Thanks for the big Dick Ackerman interview.