The markets supported today but again on the back on political chatter

April 6, 2017

Paul Ryan’s comments on healthcare this morning have moved the markets into positive territory. However the question is now becoming even if a new healthcare bill is passed will it really matter?

Chris Temple and I discuss what the healthcare issue is truly all about and what would have to change in the underlying economy for investors to start buying the markets again.

Click download link to listen on this device: Download Show

    Apr 06, 2017 06:34 AM

    tomorrow is an important day for commodities. The set up for at least a relief rally is in place, at least on the daily chart. I place this mostly because of the full stochastics. I would like to see us close slightly red today to negate the large black candle put in yesterday.

    Apr 06, 2017 06:42 AM

    $sugar has got to bounce this month. It is extremely oversold on the daily and weekly charts and it is just below the 200 WMA currently. the 50, 100 and 200 WMA are bullishly aligned too.

    Apr 06, 2017 06:54 AM

    It looks like the USD and Euro will hit parity in the next week or two at 103’ish. Then the USD heads south for many moons.
    When gold breaks, it will be a large move. I doubt up.

      Apr 06, 2017 06:02 AM

      Gold to the MOON……$50,000….My prediction $120,000 by year end……by the way, I am writing a new book … To Boot, or Not To Boot ….and Wearing High Heels in the Swamp Can be Dangerous.

        Apr 06, 2017 06:10 AM

        I want a signed copy of “To Boot, or Not to Boot”.

          Apr 06, 2017 06:18 AM

          Excited to Claw a copy Out Of The Box

            Apr 06, 2017 06:24 AM

            My first signed copy …..goes to OWL LOST in the Woods……..

            Apr 06, 2017 06:34 AM

            That makes sense….

            It is sure to chart at the top of the list on his Big Owl Coinland Report.

        Apr 06, 2017 06:15 AM

        Not a pretty sight Jerry…! And you’ve not included silver?!!

          Apr 06, 2017 06:19 AM

          Silver is a LOST art……….do not tell Tony The Irish….. ๐Ÿ™‚

            Apr 06, 2017 06:22 AM

            New Book…….The Silver Smith, and the Turned Over Tables…..

            Apr 06, 2017 06:22 AM

            Where has Irish been anyway?

            OOTB – Tell him to get out there and bid up the price of Silver for us. ๐Ÿ˜‰

            Apr 06, 2017 06:29 AM

            Irish was ban from the castle……got lost in the tunnel of Love, …..I figure he is half way between London and NYCity….where he plans on establishing a new venture between himself and Trump. He is trying to have Trump use silver on his signage in lieu of gold……good luck Tony…..

            Apr 06, 2017 06:33 AM

            I guess IrishT is taking the road less traveled……

            Hopefully he brought along some adult beverages for any idle time he has when not working on his new Silver Signage venture.

            Apr 06, 2017 06:03 PM

            By the looks of Tony’s reply below……He bought up all the Castle Wipes, and pawning them
            off to all His Latin friends

            Apr 06, 2017 06:09 PM

            That funny money will “wipe” the frowns off their faces…..

            Apr 06, 2017 06:36 PM

            I hope Tony isn’t in the slammer, he hasn’t phoned his mom in 6 weeks. DT

    Apr 06, 2017 06:50 AM

    We’ll see how we close, but given past history going into an employment report, wouldn’t be shocked if they gap gold and silver down big tomorrow, along with the yen. And it could be a big gap down too given how elevated all of the indicators are.

    Expect the worst I suppose.

      Apr 06, 2017 06:31 AM

      Good luck on that one…………

    Apr 06, 2017 06:43 AM

    Just to let you all know i am alive & kicking , & keeping an eye on all you KER buggers.
    I sold all of my silver, & bought truck loads of toilet paper, am now making a packed in a certain latan American country, i’m sorry i did not inform the gang what i was planing, as i knew one of you buggers would have stolen my idea, & beat me to it.
    Have fun you lot, & stay healthy………..XXX………………………………….

      Apr 06, 2017 06:57 AM

      When you say you cashed in all your silver and bought Toilet Paper – was it the Pound or the Greenback?

      Hiding out in Latin America won’t save you….. we have KER buggers in each country watching for you, and we micro-chipped you the last time you passed out at a pub so we can track your whereabouts.

      The Big Owl is always watching with the all seeing eye…..

    Apr 06, 2017 06:51 AM

    Mr T – Good points on it being a stock picker’s market and looking for opportunities for active Value Investing. Great point that people didn’t get rich camped out in ETFs or just letting a position bob up and down in the markets for aeons.

    Apr 06, 2017 06:26 PM

    Cory, Trump is a business Guy NOT a Finance Guy.
    He has NEVER paid close atytention to money.
    (Otherwise he would not have bankrupted so many companies.)

    He is ego-centric and getting lousy advice from RINOs Kushner and Priebus and now, unfortunately his war-monger generals now conservative Bannon is banished.

      Apr 06, 2017 06:40 PM

      Getting lousy advice……ditto

      Apr 06, 2017 06:01 PM

      Sad — but well and accurately put, CFS

    Apr 06, 2017 06:46 PM
    Apr 06, 2017 06:36 PM

    A pretty decent sized black candle on today’s $gold chart. Doesn’t bode well for tomorrow. And if we do instead rally tomorrow and for some time thereafter, it suggests we will come back down.

      Apr 07, 2017 07:54 AM

      Looks like we decided to rally spanky. Gold at $1266 and Silver at $18.40

    Apr 06, 2017 06:44 PM

    Jared and Ivanka the kids who can.. Trump needs someone torescue him from his innatention to duty. Bannon another super ego he cant compete with . Jon Ossoff for congress . Some new younger blood. Expect Obama to fun for congress or Senate , Always some deaths and retirement in congress need replacement. Dont be suprised . S

    Apr 07, 2017 07:31 AM

    Here is an idea for a solution to the health care dilemma.
    The wrong people are trying to solve this.

    Apr 13, 2017 13:28 PM

    Off topic hear but i listened to a kereport podcast not long ago where Al had an ex military friend of his being interviewed about what happened in syria and i cant for the life of me find it again.. anyone got the link? was it removed? help! thanks!