John Rubino – A Myriad Of Macroeconomic Factors Pressure The Markets
John Rubino, Founder and Editor of The Dollar Collapse website, joins us to discuss the recent market pressure and selling across the board in many sectors. We start off by reviewing the investor expectations around Fed policy tightening and the more aggressive rate hikes slated to help tame inflation.
Next we moved into the demand destruction in the commodities and further global supply chain interruptions caused by further covid lockdowns in many parts of China. This lead the discussion into the continued movement higher in the US dollar due to the range of uncertainty in the markets from slowing growth and persistently high inflation, to rising interest rates and central bank tightening, in tandem with ongoing war and geopolitical tensions. John points out that the dollar is strong in relation to other more burdened currencies like the Euro, Pound, and Yen, but that it is still having it’s purchasing power eroded by the 8% inflation.
We wrap up with the key factors John will be watching as things continue to unfold towards a potential recession and deflationary period, and at what point the market pain grows high enough to where the Fed will decide to reverse course and reliquify the markets.
Inflation may take the food out of your mouth before it goes away
By David Haggith – April 22, 2022
“So much has happened with the rise of inflation and so much is continuing to crowd in behind the scenes on the production end that I believe we will see inflation burning hotter for longer in the months ahead. Those saying we are nearing peak inflation are as wrong as they were when they said it months ago and as wrong as they were when they said “inflation is transitory” a year or more ago.”
Relative Miner and Silver Weakness Brings More Caution into Gold
David Erfle – Friday April 22nd, 2022
https://mailchi.mp/44a9dac9927c/david-erfle-weekly-gold-miner-sector-op-ed-1600854
Gold Futures Tumble To Two-Month Lows On Strong Dollar, Rate Hike Worries
Carl Surran – Seeking Alpha – Apr. 25, 2022
Doug Casey is still out there…
https://www.youtube.com/watch?v=E6LINUyA5WY&ab_channel=SmallCaps
Bonds have done nothing but fall hard versus gold for the last 5 months so I wouldn’t read too much into this countertrend action just yet.
TLT vs GLD
https://stockcharts.com/h-sc/ui?s=TLT%3AGLD&p=D&yr=1&mn=9&dy=0&id=p84934149264&a=995067966
The phase of the last twenty years in Canadian cities has been to look at the sky line and then look at the clusters of condo high rises everywhere. Here the building boom has attained immense proportions. Monuments of confidence, but soon there will be apple salesman trying to survive on the ground below. DT
A repeat if earlier!
Glenfidish
17 hours ago
I was expecting a pull back here believe it or not but the overall picture has not changed. I remain more bullish then ever before.
For quick reference to what I’m seeing in my charts regarding gold specifically I believe today or possibly tomorrow has a great chance of completing a monthly low which would put the monthly prices on the miners at a floor. This is not investment advice but what Glen is seeing through his lenses.
The monthly candle in all probability will paint red for the following hui, xau, gdx, gdxj
The key reversal in gold “ could” come around 1877-1885 if it goes lower from here. I’m looking for a monthly bottom at the 10 day moving average across the board give or take with the above mentioned.
We are extremely close which leads me to believe may and going forward will and should be very prosperous and a breakout hard to believe of gold should happen imo before summer or during summer..
Best of luck to all the long time investors and pain always comes with reward in the end!
Reply
I really like what I’m seeing and love that the Bears are out in full force! I remain as bullish as ever and for all the bear attacks as of late I’m not amused nothing changes they’re able to move the controlled and manipulated markets in the miners but just for short periods they won’t be able to contain it for the next five months many of you who are so bear will be eating crow as I stated we are still in a bull market believe it or not don’t be shaken out of your miners!
Is there anyone else out there on my team? I’m testing sentiment:)
Glen
I really like what I’m seeing and love that the Bears are out in full force! I remain as bullish as ever and for all the bear attacks as of late I’m not amused nothing changes they’re able to move the controlled and manipulated markets in the miners but just for short periods they won’t be able to contain it for the next five months many of you who are so bear will be eating crow as I stated we are still in a bull market believe it or not don’t be shaken out of your miners!
Is there anyone else out there on my team? I’m testing sentiment:)
Also thanks to the ker team 🙂 got all you do 🙂
Glen
Good thoughts Glenfidish and thanks for sharing your technical outlook. I concur that we are still in a larger bull market, and that this recent corrective move will not have that much further to fall in the short-term. Gold in the mid $1800’s and Silver in the low $20’s (possibly testing that $21.41 area again), and as you mentioned sentiment may sour, but that is what precisely will allow the base to be built to move the sector higher on the next impulse leg.
This recent ongoing pullback in the mining stocks will end up being one of the last good spots to top up one’s positions or start new positions, before the next leg higher as the PM bull unfolds. I did a bit of adding to existing positions today, but also did blow out a few non-core positions to raise some more funds to be able to deploy, if we see continued weakness in the mining stocks in the near-term.
A bounce looks likely tomorrow.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=18&id=p60865494284&a=1149776311
The HUI is 14% off of last week’s high which put it up 50% since September and 43% since January. Today, it almost reached its November high before it caught a bid and finished 2.5% off its low.
https://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=5&mn=0&dy=0&id=p60832644524&a=1151055361
Price Quality: https://tinyurl.com/yc794bru
Gas & Oil Have Probably Bottomed.
PMs May Have Bottomed.
FOMC Next Week.
The Ukraine.
XLE: https://postimg.cc/N94RYjwK
Volume Reversal Cat Tail.
Uptick may affect Oil & Gas, and should affect PMs.
https://www.youtube.com/watch?v=7GR8iW3iNUQ
Michael Boutros : https://www.youtube.com/watch?v=ZcwN34WKQHY
Dollar Index : April : Higher Fibo Resistance
https://saturationtiming.blogspot.com/2022/04/dollar-index-april.html
Silver sucking for some air………….. stock up while you can….
In 5 yrs. you will be happy……….
Sounds like a plan. I will be 107 years old.
Ha………. better give it up , and take it easy……….. Life is a bummer….. if you are planning on silver springing to life, at your age……… lol
I already quit the rugby team …
ha…….. slowing down are ya……… lol……….
Hah! Another day , another start , all paper green….my account down. They are going to do the same thing every day…
Oh well …. It’s early
Picked up a few more Osisko Metals this AM but some weird trading going on. Might be a shortage of shares or some kind of mysterious fog over the OTC. I did pick up a few Impact to get that ball rolling as it fit in with my plan of never buying a stock that goes up…. that is humor. No cards and letters please.
Bought back Silver Tiger.
Osisko Metals finally trading and down.
I’ve been impressed with the exploration results at Silver Tiger, and it has grown into a medium-sized position in my portfolio over the last 2 years as they’ve been rerated higher for hitting with the drill bit.
Good News: My account no longer is doing the alternating thing.
Bad News: It now only goes down
Breaking News: By David Haggith ◆ APRIL 25, 2022
Shipping: China is about to wreck your summer … Big Oil execs dumping millions of dollars worth of stock … “The party’s over” … Chinese stocks, yuan, crash as Covid plunges China into dark ages … Albert Edwards: “Something in the market is about to snap” …
https://www.dollarcollapse.com/breaking-news-best-web/