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People are not afraid to buy stocks but a correction is due

Cory
June 30, 2020

When it comes to US markets there seems to be a lot of investors willing to buy dips. Even in this short term minimal downtrend a correction is due.

Chris Vermeulen joins me to share his thoughts on the potential of a correction in the near term. Also what a correction would look like in terms of level and the other markets that would be hit.

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Discussion
19 Comments
    Jun 30, 2020 30:50 PM

    Law and Order?….or Just Control…..? Got Crytos…..maybe not for long….
    https://www.zerohedge.com/crypto/under-new-law-cryptocurrency-could-become-illegal

    Jul 01, 2020 01:34 AM

    Comex delivery……
    https://www.sprottmoney.com/Blog/extreme-comex-delivery-demand-continues-craig-hemke-june-30-2020.html
    Oh, and be sure to note that ALL of these deliveries are taking place through the traditional COMEX Jun20 futures contract. Remember that new contract mentioned above? The one that purports to “deliver” fractional ownership certificates in London bars? The total amount of Jun20 “deliveries” for this contract was…wait for it… EIGHT. Not 8,000 or even 800. Just EIGHT. It certainly appears that the global gold market immediately recognized this new contract for what it is…

      Jul 01, 2020 01:21 AM

      TF Metals – Craig Hemke on Twitter – 4:45 PM · Jun 30, 2020

      “I don’t know but this might be sort of important…”

      https://twitter.com/TFMetals/status/1278082338258325504

        Jul 01, 2020 01:34 AM

        Cup and handle of the day….. 🙂
        Humm…….kind of what we have been talking about for a couple of monts… 🙂

          Jul 01, 2020 01:36 AM

          monts…….months……

            Jul 01, 2020 01:42 AM

            Agreed – the cupeth runeth over…. here at the KER…. 🙂

    Jul 01, 2020 01:18 AM

    Edward Gofsky on Twitter 9:24 PM · Jun 30, 2020

    “Silver. Monthly Close. Looks like the breakdown out of the {Parabolic Curve} was a massive fakeout “Bear Trap” as silver immediately re entered the curve. This is very bullish action which should be expected as global CB’s just printed $20 trillion fiat dollars. $GLD $SLV #silver”

    https://twitter.com/EdwardGofsky/status/1278152549724327936

      Jul 01, 2020 01:39 AM

      Silver can not get a break……..break out, that is…
      JPM……still holding down the silver,….not wanting to give the little guy any hopes…

        Jul 01, 2020 01:40 AM

        No problem, when it finally breaks…..silver to the moon…. 🙂

          Jul 01, 2020 01:43 AM

          “By the light of the silvery moon…”

        Jul 01, 2020 01:30 PM

        00TB
        JPM didn’t get a RICO charge for nothing…on the other hand, nobody has gone to jail either. Funny how that works.

          Jul 01, 2020 01:46 PM

          David……….JPM……..has a multitude of violations in the last 10 yrs……fines are a drop in the bucket , cost of doing business….when you are the printing press partner…..the joke is on the sheeple for thinking CFTC….has changed….

            Jul 01, 2020 01:48 PM

            I originally , thought Trumpster, would appoint someone, besides a bunch of the same crooks, ….what a joke…

          Jul 01, 2020 01:20 PM

          00TB
          All of them say they will fix things then after elected they fill the Administrative Branch with Goldman people. Then the Serfs immediately defend their POTUS. Dumbest thing I have ever scene. I know that only a few care. It’s like getting parasites to handle your stock trades.

            Jul 01, 2020 01:09 PM

            Along with spelling: scene equal seen. Thanks for not kicking me to the curb. drop-kicking still open.

            Jul 02, 2020 02:40 AM

            Good observation David………many can not see it, and many do not care……but, now they should care…..because they are going to be DEBT SERFS for life….When taxes on real estate are un affordable , is when they will wake up.

        Jul 01, 2020 01:46 PM

        I have often thought that POTUS candidates ought go undergo mental testing before qualifying and that they sign a pledge that they will not hire anyone from the Fed or the member banks to work in the Federal Government. We obviously aren’t even in the same town as the ballpark for that type of opinion. Bring on more crazy criminals. Voters love them.

          Jul 02, 2020 02:43 AM

          The light bulb has not been turned on yet in most cases. The sheeple will always be in the dark…..itching ears……they love it…. LOL

    Jul 02, 2020 02:42 AM

    POTUS pumping stock market and pushing bogus employment #s. No mention of last months 10 million error. It is obvious that the only thing he has going for him is the false economic #s and market manipulation. The transfer of wealth continues as the people suffer the actions of The Fed. Let’s see if metals can throw off the algo misdirection.