A new guest, Michele Schneider discusses US markets and gold
Michele “Mish” Schneider, Partner and Director of Trading Research & Education for MarketGauge.com joins me to share her thoughts on US markets, the US Dollar, and gold.
Click here to visit the Market Gauge website to follow along with her trading.
I see UUP dropping at least another 3% from here before bouncing in any significant way:
https://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=4&mn=9&dy=0&id=p95445455885&a=724853187
Matthew…maybe you could give an opinion on the ‘positive contribution’ blog a day ago…could you read please and cooment if I could make things clearer for Al to understand the fraud of rockefeller allopathic medicine and subsequent collapse of Americans health will raking in record profits…After reading, do you think he gets that dr. shills about how great it all is or never mentions the disaster it is….Considering months and hundreds of the best documentaries on it all he has been sent…is AL a believer in allopathic for some reason?
Larry, I think you have done more than should be required for anyone to wake up so I would not waste time with those lost causes that will never get it. There are millions and millions of such people and IQ usually not the problem.
For many reasons, it’s the rare old dog that can be taught new tricks and Al is not one of them. I learned many years ago that his views are painfully and scarily mainstream so I don’t engage on political or other “heated” matters. The cognitive dissonance Al often shows is off the charts but that is true of the vast majority of people. It’s a Brave New World meets The Twilight Zone so I try to detach from it all most of the time.
We’re screwed. 😁🍻
Love Al
But +1 Mathew…we are screwed.
Dang Matthew…..you might be scaring Larry away……..
Now , I will be forced to hold up the political site by myself…. LOL…….. 🙂
I was hoping to get a rest after 11 yrs….. 🙂
Jerry…Iv’e got your back…………Mate.
Thanks Irish……. 🙂
Irish……you must be having a great day…..silver is back in style…….
Fear?…I trade OOTB…So I embrace fear…lol…But not scared….I probably should be!…duff
Amen. I have met Al at several conferences & he is a very good person. Best to leave it there………..
BIG OWL……..is a great guy………no doubt about that…..
Santa Cruz trading?
santa cruz is trading again…..https://ceo.ca/@newswire/iiroc-trading-resumption-scz
(SCZ) Santacruz Silver closed up 20.7% today, while many Silver miners pulled back down into the red. I guess it was worth the wait on the halt eh?
Pullbacks in the silver-gold ratio will be buying opportunities for silver. No important/major top is near…
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=7&mn=5&dy=0&id=p31722862422&a=726895578
Ditto………I agree…….
Silver phyz……….up approx. 20% this week……looking good……
I just got in and the halt on Santacruz is over. Nice!!!!!! DT
DT 🙂 on SantaCruz. Others sank while metal flys….Tired I guess.
Yep (SCZ) Santacruz Silver closed up 20.7% today. A well-deserved pop higher on the good news on ownership of mine #3 – Zimapan.
Now all is forgiven…..and they are back in good graces …… 🙂
Jerry, we must be careful on who’s toes we tread, some people can really their knickers in a knot and quick. I’m sticking with my buddy Bill and staying out of trouble! LOL! DT
Dang DT……..sure do not want to be a knicker twister…. 🙂
Magic………..silver hit $29,04
Looking good for the year….up over 75%……
Jerry….For what it’s worth i was not too happy about G & S going up too quickley , i would have been happier with a more gradual incline…but it is what it is . Now i know you hold platinum…..i believe IT could take off like a scalded cat. Keep an eye on it.
Thanks Irish…..for some reason……platinum is a slow learner… 🙂
That beach ball under water effect…..is sure showing now…. 🙂
Thank you Cory, enjoyed this interview! Ms Mish is a fine addition & seems able to think a bit “out of the box” which I appreciate 👍
I think my old Girlfriend is thinking about me. Back in December I told her to put 20% of her 401k in Gold and Silver. $100 says she is wishing she had listened to me now.
I bet she is mad,………you only recommended 20%……..lol……
Good one Jerry.
I usually recommend 10% but I was so sure of what was to come I started recommending 20%.
I said do 80% in Silver and 20% in Gold.
Looks like the number I posted April 3rd for Gold is going to be low as well.
Quote ” I ran the numbers and I came up with a one year price target for Gold.
$2,360.27
That is the “Ponzi” physical number of the 2021 April futures contract.
You are going to be real close John……..Gann Reported today…. $2342…..as a low target
Been scanning Thanks for comments guys.
Mathew you kept me in the game…..Your insights confirm my thoughts but I’m too chicken $hit to trust myself LOL
Bill, you (we) might get tested again over the next few days but I believe strongly that this is no time to sell and, if anything, buy (the dips, of course).
Forget the funhouse mirror that is the dollar, SILJ is consolidating beautifully versus the best real money, gold, and just hit a 16 week low versus silver for what could very easily be an intermediate degree low.
https://stockcharts.com/h-sc/ui?s=SILJ%3A%24GOLD&p=W&yr=5&mn=11&dy=0&id=p61954479369
Wisdom from a Pro………….just the beginning…..
Okay MAtt, I’ve never seen silver make a 6$ move in a week and most of the stocks are down!!?? We r .50 cents from 30 dollars…I don’t get it. This is going to at least 35$ sooner than later and the stocks are completely disconnected. You mentioned a “steath-correction is silver stock a few weeks ago that started in April or was it MAy? Anyway so many silver shares are not even at their 2016 sub 22$ high. We are 7.5 dollars above that now. Can you throw some light on this extremely insane situation? This is a Major Coil that will double the stocks if silver keeps on trucking here non?? Nobody believes this move!! Uncle silver is a confusing guy!:)
Agreed confused. I posted this over at ceo.ca and nobody could answer the final question.
2/3 of $Silver Producers sold off today as did the Silver miners ETFs (SIL) and (SILJ), as the futures price of the metal pierced up through $29.
> Question: Can Silver Producers make money at $29 Silver?
Answer: Yes, all of them can over $20-$22.
>> When Silver shot to $23, $24, $25, $26, $27, $28, and $29 are these $Silver #Producers or #Developers economic margins improving?
Answer: Yes
>>> Why are so many stocks selling off then as Silver keeps ratcheting to new highs?
Confused, I can only guess about all the reasons for what we are seeing but there are probably many.
I think the big-money pros are focused on the hot item itself rather than its “derivative” miners. There’s a ton of leverage to be had in futures trading so why complicate and to your risks with all that mining entails? Meanwhile, big generalist funds looking to get exposure for the first time probably feel more comfortable with the counter-party-risk-free metal than with the miners. Then you have those who won’t buy the miners until they are sure that the metal isn’t going to fall right back down again, and still others who really want to buy but psychologically just can’t (yet) because it took off without them. Whatever it is, I’m not worried about it. This is not 2010-11 in any way so the divergent behavior is not a sign that the sector is going to crater.
Between covid and summertime activities/distractions, how many retail investors are even paying attention?
The fundamentals always have their way and there’s nothing on the charts to suggest that those fundamentals are unfriendly to our bets.
SILJ just blasted 150% higher versus gold since the March low so a little period of consolidation makes perfect sense.
This is nothing but a bullish picture and the monthly chart is on board (won’t be a limiting factor).
SILJ:gold might now dip for a few days but then it will fly and our leverage to the metals will be back in a big way.
https://stockcharts.com/h-sc/ui?s=SILJ%3A%24GOLD&p=W&yr=3&mn=11&dy=0&id=p97553303797
Correction, third line: “why complicate and ADD to your risks…”
Thank you Matthew for always putting your commentary in the public. Much appreciated what you do around here.
GT, you’re welcome. I’m glad if it’s helpful.
Counter-intuitive structured and fabricated bullion bank and hedge fund attack by insider activity for the benefit of personal and political gain. Just a guess based on appearances.
Composing my Thank You letter to Eric Sprott for mentioning Brixton today. ES loves Silver.
Yeah, he gave Brixton the Sprott pop. I sold a bit more into the strength today and now only have half my position left.
SLV:SPY looks quite “interesting”…
https://stockcharts.com/h-sc/ui?s=SLV%3ASPY&p=W&yr=5&mn=3&dy=0&id=p12845294314&a=727975769