Are US Markets in a secular bear market?
Fund Manager Dana Lyons argues the US markets have been in a secular bear market since the ’08/’09 crash. He outlines his reasons and how he is trading these rallies.
Click here to visit Dana’s free blog.
Also click here for his subscriber site where you get more specific trading advice.
Latest number has it at 44.
You mean CHINA VIRUS.
They should all be mandatory 14 day quarintine.
I mean CCP virus.
Be careful, boys…the liberals will accuse you of hate speech…
No matter how good or bad the employment number, the first thing the paper trading algos do, is hit gold and silver. Despite affecting price direction, the Regulators see nothing. Let’s hope by the close the indiscriminate algos get hit by the biggest train coming down the track.
“There are some logistical problems with delivering a London gold contract. First, London gold contracts are for 400-ounce bars whereas the Comex contracts are for 100-ounce bars.
“Second, like the Comex, the LBMA also has a huge shortage of physical gold to deliver against maturing contracts called for delivery. As a consequence, a higher percentage of London gold contracts is being settled for cash than in years past.
“Even worse from the standpoint of the LBMA is that the negotiated cash settlements now are for an increasing premium above the spot price than in the past. What that means is that short sellers of contracts in the London market were already suffering financially when the Comex passed along its gold contracts.
“In response to the initial news of the lack of London market gold deliveries Tuesday last week, the physical gold market developed a large bid/ask spot-price spread — as much as $100 that day. The bid/ask spot-price spreads also widened for silver, platinum, and palladium. As of Wednesday this week these spot-price spreads are much slimmer, though those for gold and silver are still larger than they were before Tuesday last week.”
Heller concludes: “The sum total of all the developments at the LBMA and Comex last week reinforces that there is a huge shortage of physical gold (and, by extension, silver) inventories available to cover all promises for delivery. As more people are willing to pay ever-higher premiums to get their hands on bullion-priced physical coins and ingots, the risk of collapse — a formal default — of the “paper” gold and silver markets is also rising.”
BIG FREAKING CON………….on small business………….FLEECING CONTINUES…..
https://www.zerohedge.com/economics/millions-small-american-businesses-stunned-learn-they-are-not-eligible-government-bailout
One final question: how is it logical for banks to only bailout those companies which already have debt and are by extension riskier, than to provide funds to their ordinary clients who only now, for the first time, need a helping hand.
And why that’s going on you got local gooooberments demanding tax increases….happening where I live right now…the bureaucrats will do anything to keep their ever increasing six figure pensions and Cadillac healthcare rolling on.
Dana seems far more optimistic than the times call for. Wasn’t too long ago he was a buy the dipper. He’s young from the sound of his voice and the 2000 debacle was probably the worst he’s experienced as a broker. Could be a big learning time for the young man. Of course, a broker is no different than a politician. They both have to sell “the good times” one way or another or they’re out of a job.
Possibly Hunter S. Thompson’s quote is apropos at this juncture: “The race is not to the swift, nor the battle to the strong, but to those who see it coming and jump aside.”
More worries for this feces loving nation…and if you think it isn’t go to any big city run by the liberals and look at the sidewalks.
Why You Should Flush With The Lid Down: Experts Warn Of Fecal-Oral Transmission Of COVID-19
https://www.forbes.com/sites/alexandrasternlicht/2020/04/02/why-you-should-flush-with-the-lid-down-virologist-warns-of-fecal-oral-transmission-of-covid-19/#1ba14b736eb8
New normal…wearing a hazmat suit to clean bathrooms….
https://specials-images.forbesimg.com/imageserve/1216142808/960×0.jpg?fit=scale
I would comment……but, I did too much of that yesterday…..
What do you boys make of this?
How can we be sure this is not a side-effect of Trump Derangement Syndrome and not CCP Virus?
Chris Cuomo Hallucinates Dead Father During Night Of Coronavirus Hell
https://www.zerohedge.com/health/chris-cuomo-hallucinates-dead-father-during-night-coronavirus-hell
One comment……..Cuomo is an idiot…….play acting……I bet….
did you miss my post yesterday…..that got CFS, wet in the pants….
I missed it. Trying to get up to speed on Splunk.
What got CFS wet in the pants?
Go next door and read the page…..under Dr.F.
I am done……posting any thing on the fake bs.
Dang, quite a dust up.
I do know someone who works for a large county hospital and she told me their ER visits over the past couple of weeks are way down.
Now if everyone is coming down with Corona why would that be???
I guess the obvious answer Eddie, is:
Why don’t you ask her, and tell us.
And I will tell you this Eddie.
My youngest daughters best friend is an E R Nurse some where in L.A.
She is also married to a Dr. And that is a MEDICAL Dr.
Straight up my friend.
I did ask her. She said they do not know. At this point it’s just speculation but they think that the visits may be down due to people being afraid they’d catch the virus if they come in. Also, they speculate fewer accidents due to people not conducting their normal routines and staying home, for example fewer car accidents, etc.
That is the exact reason. They had an article for that happening here in Canada. They said their big concern is the number of people who are risking their health(stroke,appendicitis etc) for fear of catching the virus if they go to the hospital.
My son-in-law is an E.R. doc and I texted him about 4 days ago and said I bet E.R. visits were down because there are less cars on the highway playing “bump cars” along with those who don’t belong in the E.R. afraid of abusing it by going there because of the coronavirus. He said they were 30% down so in a lot of places this canard of E.R docs working their tails off at this time is more sensationalism. He did say they were seeing a lot of “old” people with upper respiratory infections and pneumonia that were also from other bacteria sources and other viruses other then the coronavirus which they are seeing.
Dana alway has good comments, but these today were refreshing. As most people don’t get how over-inflated everything was.
I think the stock exchange will drop down to its recent lows again. But if the real economy start booming like I think it will, they could do a re-weighting to the exchanges and save the masses from a bad bear.
They could remove some fangs that will soon to be crushed, while putting is some manufacturing companies that are in growth mode.
It would look like a market that matches Main Street, instead of market matching the deep state.
Chartster, I can almost guarantee you that this stock market well drop to the lows; in fact, I’ve shorted this market this past week. The question is when it drops, does it double bottom or move one more leg down.
My youngest went to a Prenatal clinic yesterday. She said she was the only one there and the medical personnel were wearing full PPE.
I was relieved to find out that her significant other was given a N-95 mask and she was wearing it.
PPE; Personal Protection Equipment.
I don’t know how many times I have seen people in a public washroom only splash water on their hands, some can’t figure out that when you turn off the tap that if you don’t use a paper towel they are just re-infecting themselves; or they open the door when they are leaving with their bare hands. Even health care workers are guilty of poor hygiene. DT
I ran the numbers and I come up with a one year price target for Gold.
$2,360.27 .
That is the “Ponzi” physical number of the 2021 April futures contract.
I have come to the conclusion that attempting to point out the illegal activities of the Federal Government and Fed Banking System is a waste of time. They know it and we know it. The best we can do during this period of criminal collapse is to try to minimize the damage.
True to the character of most criminals, they are taking us down with them rather then surrender control or try to alter their behavior.
I believe it’s worse than that, David. They aren’t going down at all. Those who really run things will come out of this richer and more powerful.
Ditto……..
Good point.
Agreed Matthew. Sad but true.
One problem……….they have all the cash………Revolt will be the only thing left….
IN CONGRESS, JULY 4, 1776
The unanimous Declaration of the thirteen united States of America
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation o
Constitution of United States of America 1789 (rev. 1992)
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security. —
Jerry:
The Constitution is not perfect.
Presidents can pardon drug dealers and the worst offenders of financial crime all day long.
Even the smartest people cannot for see everything.
Like I said many times before: Thinking of yesterday will not lead us to tomorrow.
We can can use the Constitution as a guide, but by no means is it perfect.
The constitution is perfect enough that the criminals in charge despise it.
Mathew:
Look at the pardons Mathew. They are public. Looks like a pretty good collections of criminals to me.
JOHN……….go back to sleep…….
GOD GIVEN RIGHT…………….except for those who do not believe in GOD….
Galatians 5 King James Version (KJV)
5 Stand fast therefore in the liberty wherewith Christ hath made us free, and be not entangled again with the yoke of bondage.
OK Jerry:
It’s like a bad redneck dream. “Watch This” my bad, “Watch the Video”
Yep., are red neck……..Tweety…….
Why don’t you look up the origins of a RED NECK…….
Might help you in your history lesson….
Big Al has given you a lot of lee way Jerry.
He said that your posts about the NWO were better than reading the National Enquirer.
That isn’t saying much.
I thought about that for a while, I came around to the thinking that other people probably haven’t did as much research as the two of us about the Cabals.
I can see educating others with facts. Facts are facts.
At this point I can see through the B.S.
When you went after my faith I have had enough. You do not get to judge me.
You may have Big Al’s ear and if Big Al wants to give me the BOOT I can live with that.
I made the same mistake of going after Ex on his faith. That was a big mistake and I realize it now.
Hopefully at some point in time you will as well.
Never went after your faith…….I simple asked you…..You provided the info.
I simply wanted to know who I was talking to……evil comes in a lot of packages
JohnK – It wasn’t your going after my faith that got you kicked off (for the 2nd time), but it was your smearing of other world faiths as if you had a lock on truth and everyone else were evil child rapists. Then it was your combative and insulting posts about all things conspiracy from then endless moon landing, flat earth, 9/11, JFK, etc… etc… posts dozens of times a day, lashing out at anyone that dared to disagree or was just fatigued from the daily stick you were beating us all over the head with.
When you got ugly, insulting, immature, and started name calling, then you broke the house rules, then you got booted (again). Pretty simple concept.
JohnK – Based on how you are acting on this thread and many other threads lately, I don’t see how you’ve changed much, and you are back to stirring up issues once again.
You’ve been going after DT and OOTB and can’t seem to help getting insulting towards other posters here, and it’s sad, because your economic posts or even some of the macro politics posts have added value, but the personal attacks on others and blog drams makes it hard to sift through all the garbage to get to those nuggets.
A leopard never changes it’s spots….
Your right Ex. Sorta.
I have seen through the futility of trying to get people such as yourself on board to try effect change.
You will always have the I Got mine Attitude” and you show us all the time.
Also Ex , You said you weren’t going to get involved with Politics , but of course here you are.
Your a fine one to talk.
No Jerry, You called me a “Baby Christain”
I repeat.
You do not get to judge me.
You acted like a baby.christian…….
No, you like to play GOD.
GIVE ME A BREAK………
I will Jerry.
I can be just as bad.
You are still my brother.
Gold Bugs Finally See Their Predictions of Doom Coming True
Bloomberg •April 3, 2020
Eddie van der Walt, Ranjeetha Pakiam and Jan-Patrick Barnert ,Bloomberg
https://finance.yahoo.com/news/gold-bugs-finally-see-predictions-220000590.html
“We have written more than 3,000 pages of research about gold and mining stocks in the last 14 years and it is pleasing to see that many of our theories have come true,” said Ronald-Peter Stoeferle, managing partner at Incrementum AG, a Liechtenstein-based investment and asset-management company.
“We’re seeing lots of interest because we’ve been pounding the table for gold as a portfolio stabilizer, it’s a defender of your portfolio and gold did its job really perfectly.”
Some interesting news in the Royalty space today. EMX Royalty Corp scooped up some more royalties from struggling Revelo today, and the consolidation in this tiny sector continues.
_________________________________________________________________
Revelo Signs Definitive Agreement for the Sale of its Generative NSR Royalty Portfolio for Proceeds of US$1.5 million
@newsfile on 20 Mar 2020
“The original agreement with EMX (see news release dated January 20, 2020) was to sell a total of 20 NSR royalty interests for a cash total of US$1.5 million. Masglas America Corporation SpA subsequently exercised its right of first refusal to purchase two of the royalties under the same terms and conditions as those offered by EMX. Consequently, EMX has now purchased 18 royalty interests for a cash total of US$1,162,000 and Masglas has purchased 2 royalty interests for a cash total of US$338,000.”
https://ceo.ca/@newsfile/revelo-signs-definitive-agreement-for-the-sale-of-its
I’d like to see the small/mid-size royalty companies like Altius, Maverix, Metalla, EMX, Sailfish, Golden Valley, Abitibi Royalties, go around and pick off all the remaining tiny micro-cap royalty plays left like Ely Gold, Coral gold, Tranisition metals, Millrock, Riverside Resources, Globex, etc… and consolidate the space into half dozen Mid-tiers.
Then it will be up to the larger companies like Franco Nevada, Royal Gold, Wheaton PM, Sandstorm, and Osisko Gold Royalties to gobble up the mid-tiers in one last further consolidation phase.
There’s always a bigger fish…
SEVERE RECESSION MAY CAUSE ADDITIONAL PAIN FOR STOCK MARKET INVESTORS
April 3, 2020
LATEST READ FROM HEAT MAPS, BONDS, AND GOLD
I mentioned on Tuesday March 25th that (DEE) Delphi Energy Corp looked really undervalued in the Oil patch, especially considering the operations update they had put out, and the solid hedges they had in place on production output prices on their contracts.
Well it spiked up over 26.7% on Friday, so apparently the market is starting to wake up to this realization.
I sold most of my position out Friday for an 40%+ gain. Those that keep saying to stay in all cash and that this market is too dangerous for swing trading, clearly are not paying attention.
OPEC+ Meeting to Be Delayed on New Saudi, Russia Rift
April 3, 2020 – Zaid Sabah, Will Kennedy, and Gregory White
“The OPEC+ meeting to try to end the oil price war is unlikely to go ahead on Monday as previously expected, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.”
“Saudi Arabia made a pointed diplomatic attack on Russian President Vladimir Putin, opening a fresh rift between the world’s two largest oil exporters and jeopardizing a deal to cut production.”
70 students from U.of Texas have returned from spring break in Cabo San Lucas and 28 of them have Wu flu. Did they get infected down there or in Austin before they went down there? Was it the tequila that weakened their immune systems?