Market Wrap with Trader Vic – Near terms drivers for gold

April 20, 2017

Trader Vic joins me on a longer than usual market wrap. We discuss the near terms drivers for the markets and gold which include the first round of the French election on Sunday and upcoming US Q1 GDP and budget talks. Trader Vic does not trust the polls and provides a couple trades that he is entering if these polls are wrong again.

Click download link to listen on this device: Download Show

    Apr 20, 2017 20:42 PM

    Vic is always well worth listening to.

    Apr 20, 2017 20:13 PM

    The turndown in the Chinese market is beginning to look very bad, when measured in real things (as opposed to government data)
    For Example iron ore…..

    Apr 20, 2017 20:31 PM

    From Harvey Organ this evening:

      Apr 20, 2017 20:02 PM

      So Harvey reports the obvious. The shorts climb (banks) and the hedge funds remain steadfast. Which one will break? History says the hedge funds; question is who will go first, but some of them will…..eventually and the paper price will plummet. Same old game. So back to the original question, what is Harvey saying???

        Apr 20, 2017 20:17 PM

        The hedge may, repeat MAY, be fed up with the banks driving the price down all the time. What if some of the hedge funds stood for delivery of physical?
        The banks are leveraged very highly in the ratio of paper to physical.
        Suppose the Hedge funds had near month longs AND later month longs in silver, by taking a loss and forcing delivery(cash settlement) for the near month, the price of silver for later months would jump up, possibly more than enough to cover losses and deliver significant profits.

          Apr 20, 2017 20:26 PM

          As olf this evening:
          For silver: APRIL Delivery…

          62 NOTICES FILED TODAY FOR 310,000 OZ/
          Total number of notices filed so far this month: 892 for 4,460,000 oz

            Apr 21, 2017 21:43 AM

            Sounds plausible….and I’m on your side with my fingers crossed, but……..

    Apr 20, 2017 20:37 PM

    The religion of Peace strikes again:

    Do you guys realize how difficult it is to obtain a handgun in France, let alone an AK 47!

    Apr 20, 2017 20:43 PM

    The Paris shooting is being really played down in France:

    English version France 24 radio live

    Apr 20, 2017 20:47 PM

    Various french language radio stations are at:

    Apr 20, 2017 20:51 PM

    Epstein End of Day TA:

    Apr 20, 2017 20:02 PM
    Apr 20, 2017 20:09 PM

    I don’t know why Marine Le Pen is described as “far Right”. She is not her father, who was far Right. I would describe her as Right-Centrist…..Only in Communistic France could she be called extreme right!

    The latest unofficial poles in France are interesting… (reported in Germany. There is a black-out in France.
    The two most likely candidates, described as far-right and far-left, BOTH are for withdrawing from the Euro. If these two are the winners of the first round, it would appear France might well leave the Euro, regardless of the result of the second election round, even though the American press are focussed only on Le Pen.!

    Apr 20, 2017 20:40 PM

    Trump is fact-finding North Korea’s capability.

    Apr 20, 2017 20:07 PM

    Most people think of North Korea’s border with China and don’t realize it also has a border with Russia. (On its eastern side near the Russian port of Vladivostock):

    Apr 20, 2017 20:31 PM

    Russian has been Rumored for over two years to have the capability of disrupting US control systems for most missiles and armament, rendering US capability reduced to non-electronic warfare. i.e. world-war II weaponry. If true, this is most scary.

    North Korea has approximately 70 ex-soviet Union diesel-electric submarines.
    Attack targets would presumably be PacFleet command in Hawaii and West Coast US cities. North Korea also has two satellites of unknown contents that pass daily over the US.

    Apr 20, 2017 20:36 PM

    Stefan Molyneux on French terrorism and the election:

    Apr 20, 2017 20:52 PM

    Russian Propaganda News (RT):

    Apr 20, 2017 20:03 PM

    China getting ready, but for what?

    Apr 20, 2017 20:11 PM

    Big Brother is also listening:
    FRESNO, Calif. (AP) — Acoustic sensors mounted on lampposts and telephone poles picked up the crack of gunfire and rapidly enabled police to zero in on where it was coming from. Within minutes, the alleged gunman in the deadly rampage was under arrest.

    Fresno Police Chief Jerry Dyer credited the technology Wednesday with the swift capture of Kori Ali Muhammad, a 39-year-old black man who authorities say killed three people Tuesday in a bid to wipe out as many whites as possible.

    “He was in custody within 4 minutes and 13 seconds,” Dyer said Wednesday at a news conference where he played audio clips of the ShotSpotter technology. “Kori Muhammad would be outstanding today if it wasn’t for shots-fired detection.”

    Apr 20, 2017 20:15 PM

    U.S. Preparing Charges To Arrest Julian Assange

    In a stunning new report, CNN has just revealed, according to anonymous sources at least, that US authorities have prepared charges and will seek the arrest of WikiLeaks founder Julian Assange for intelligence leaks dating all the way back to 2010.

    Apr 20, 2017 20:16 PM

    Trump To Sign Measures To Review Financial Regulation
    Associated Press – 1 hour ago
    WASHINGTON (AP) — President Donald Trump is continuing to target a law meant to stop banks from growing “too big to fail.”

    The President will travel to the Treasury Department tomorrow, Friday, to sign three measures.

    One memorandum will order the treasury secretary to review a component of the 2010 Dodd-Frank financial reform law that allows federal regulators to liquidate large, failing financial firms during a financial crisis as an alternative to bankruptcy.

    Another will order Treasury to review a process that designates which non-bank firms could threaten the financial system if they fail. Critics argue the process is costly and arbitrary.

    Trump is also set to sign an executive order directing the treasury secretary to review significant tax regulations issued in 2016 to determine if any impose an undue burden on taxpayers.

    Apr 20, 2017 20:54 PM

    Tucker Carlson Robert Kennedy Interview On Vaccines

      Apr 21, 2017 21:39 AM

      Thanks for posting. As a Goldwater conservative I never thought I’d be a huge fan of RFK, Jr., but he is a real hero.

        Apr 21, 2017 21:06 PM

        “Diet, injections and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”

        Bertrand Russell, The Impact of Science on Society 1953

          Apr 21, 2017 21:34 PM

          He nailed that one, didn’t he.

          “Unless we put medical freedom into the Constitution the time will come when medicine will organize itself into an undercover dictatorship. To restrict the art of healing to doctors and deny equal privileges to others will constitute the Bastille of medical science. All such laws are un-American and despotic.”
          ~Dr. Benjamin Rush, 1776

    Apr 20, 2017 20:17 PM

    The Reason Behind The Sales-Surge For Nuclear-Proof Bunkers

    Apr 20, 2017 20:48 PM
      Apr 21, 2017 21:14 AM

      THIS Is good…….and about TIME…..EPA collusion and cover up……..ROUND EM UP

        Apr 21, 2017 21:15 AM

        Bayer of Bad news……….

          Apr 21, 2017 21:16 AM

          USA… so asleep , it pathetic ……………..

            Apr 21, 2017 21:20 AM

            it’s pathetic………..

    Apr 20, 2017 20:43 PM

    Greg Hunter Weekly Wrap 4/21/17

    Apr 20, 2017 20:05 PM
    Apr 21, 2017 21:20 AM

    Multibaggers Defined – Here’s what multibaggers are — and why you want them.

    Selena Maranjian (TMFSelena) Jan 28, 2015

      Apr 21, 2017 21:04 AM

      Some great suggestions to remember …….and ponder…….

        Apr 21, 2017 21:59 AM

        Yes indeed. I saw that post from another blogger and thought it was nice to remind ourselves why we endure the insanity on a daily basis — for the multi-baggers……

          Apr 21, 2017 21:17 AM

          We must be INSANE………… 🙂

            Apr 21, 2017 21:21 AM

            I came to that conclusion decades ago….

    Apr 21, 2017 21:43 AM

    The market is ready to accept increases in interest rates and gold isn’t going to get smashed whatever happens….however if vic if right in terms of no rate increases by the fed imagine the impact that would have on gold prices it would confirm what we already know that the fed really is concerned given the data, and it would give a signal to the market to be concerned leading to an increase in the gold price. Everything feels surreal, but its like the situation is so trapped that gold can only eventually go up…….I think books will be written if gold fails to go up over the next few years.

    Apr 21, 2017 21:58 AM

    Silver has closed the last three weeks above the 50 and 200 week moving averages; let’s see if it can make it four…

      Apr 21, 2017 21:02 AM
        Apr 21, 2017 21:01 AM

        Yes, I love that Silver broke above fork resistance, but it would be encouraging to see a little more follow though and for a close above the 50 week MA for a fourth week.

          Apr 21, 2017 21:56 AM

          The 50 week MA is only 17.93 right now so my wish for a close above 18 would have it covered.

            Apr 21, 2017 21:41 AM

            That works for me. $17.86 at present, so Silver is within range. Gold is also moving up/

            Apr 21, 2017 21:00 AM

            That’s interesting. Stockcharts shows 17.93 for one chart and 18.08 for the May contract…


            Apr 21, 2017 21:13 AM
            Apr 21, 2017 21:14 AM

            $17.86 on Kitco.

            Also $17.85 on Yahoo Fiance:


            Apr 21, 2017 21:18 AM

            Silver $17.865 on Ceo’s charting system


            Apr 21, 2017 21:20 AM

            Maybe stockcharts will be similar after it updates this evening – but not the May contract, obviously.

            Apr 21, 2017 21:21 AM

            That Yahoo link and the link is priced off the May contract.

            Apr 21, 2017 21:22 AM

            Yeah, sometimes stock charts is inaccurate intraday, but better on the closes.

            Apr 21, 2017 21:23 AM

            The May contract is up to $17.88 now (the trend is moving the right direction)…

            Apr 21, 2017 21:25 AM

            Silver now up to $17.90 on Kitco….. (gonna make it… gonna make it….) 🙂

            Apr 21, 2017 21:47 AM

            I think there’s been a mix-up. At 9:00 above, I was referring to the 50 week MAs.

            Stockcharts shows a much different number for the chart that is based on the continuous contract versus the one that is based on the May contract.

            Apr 21, 2017 21:48 AM

            My fault. Sorry.

    Apr 21, 2017 21:03 AM

    $indu:gcc ratio close to new all time highs. Do we get a double top here?

    Personally, I doubt it. GCC looks to go lower now that its head and shoulders neckline is broken, although it might try to make a backtest soon (shorting opportunity).

    The Dow in *real terms* (at least as defined by a broad basket of commodities) is the highest it has ever been basically, and looks poised to go even higher. Let that sink in. The Fed has pulled off a masterclass.

    Apr 21, 2017 21:16 AM

    silver is in danger of really breaking down vs gold here. The weekly slv:gld chart has gone from looking promising last week to looking like there is going to be more follow through to the downside over the next month or two. Based on the CoTs, the downdraft could be pretty bad in silver.

    Apr 21, 2017 21:22 AM

    If $silver closes below its 100 day ema at $17.71, it will be a pretty bearish sign IMO. The daily emas for silver have looked really good from a bull vs bear perspective, but it is on a knife’s edge right now.

    Apr 21, 2017 21:22 AM

    Silver stinks………..below again……….silver………….

      Apr 21, 2017 21:24 AM

      accumulate and throw it in the back of the closet……….

    Apr 21, 2017 21:25 AM

    Won’t know for certain until the close today, but it looks like $silver is going to put in a bearish outside week down candle on the weekly chart. The fairytale is probably over. Is the nightmare about to begin?

    Apr 21, 2017 21:31 AM

    Existing Home sales soar…………., I doubt it………..zerohedge

      Apr 21, 2017 21:34 AM

      100% loans again…….pushing it up…….1st & 2nd. loans …..for the sheeple…….

    Apr 21, 2017 21:33 AM

    Central Banks……..put another Trillion on balance sheet….why not it is all fake paper,

    Apr 21, 2017 21:41 AM

    Consider that the commercial silver short position was at all time highs last week, yet silver was still $2 lower than the highs reached last summer. That can’t be bullish. Silver could be savaged bigtime here.

      Apr 21, 2017 21:00 AM

      Seriously, Spanky?

      Do you really think silver could be “savaged” more than 50 cents?
      That is less than 3%.

      Compare that with downside potential in the bond and stock markets.

        Apr 21, 2017 21:15 AM

        I’m just saying, I find it hard to believe $silver is going to break out to new highs here with the CoTs so blatantly bearish. It’s possible silver pops to $20 or higher, and the CoTs get even more extreme before the next correction, I am just not going to bank on it. I’ll admit, the weekly chart and even the daily chart are still looking decent from a MA perspective. I’m still hanging onto my silver miners, but I do expect the customary 30-50% drop over 1-2 weeks before there is any hope of a sustainable rally. I just can’t envision them building out some sort of beautiful triangle consolidation and then just breaking out upwards for good. It’ll never happen.

        Apr 21, 2017 21:57 AM

        Silver has never been respected in the USA……….check out silver….anybody have a thought..

          Apr 21, 2017 21:02 AM
            Apr 21, 2017 21:05 AM

            Yes……I keep getting smashed , confused with stealers……something about stealing just does not set right with me……… 🙂

            Apr 21, 2017 21:08 AM

            silver stealers in pdf……(.found in the middle of the page, in the black surround)….this ki says a lot about the current and past state of silver…..jmho

            Apr 21, 2017 21:09 AM

            thanks for the correction……..

            Apr 21, 2017 21:15 AM

            CFTC. SEC. FED ….money printing still the same game…………jmho……

            Apr 21, 2017 21:16 AM

            I would appreciate ……..some of you folks…..actually read the article…..and tell the group what you think…..Jootb

    Apr 21, 2017 21:53 AM

    Epstein Morning TA;

      Apr 21, 2017 21:43 AM

      Thanks CFS for posting these. I don’t always respond but do enjoy getting Ira’s analysis.

        Apr 21, 2017 21:09 AM

        Ex, I know there is always an ad at the end, unfortunately, but he does also sometimes ad information that I have not seen anywhere else.

          Apr 21, 2017 21:59 PM

          Yes, agreed. I enjoy learning form everyone’s style, and use Slow Stochastics in much the same way Ira does so that resonates with me; however, I’ve never been one to use Bollinger Bands very often and he does every video, so I’m learning a lot as far as utilizing that indicator.

          I can deal with embedded add at the end, and realize this is his way of marketing to new subscribers. No issues there, as it is the same with some of the folks I post like Gary Wagner or Morris Hubart where they plug their services. It fine with me because they are offering valuable content along with.

    Apr 21, 2017 21:06 AM

    There is a huge bearish ascending wedge in $pall on the weekly chart. if it breaks down, it projects to $610–basically a $200 drop from here. It’s possible it makes a run for the upper rail at $830 or so first though.

    Apr 21, 2017 21:44 AM

    Hey boys, you see this?

    Bammy is back from his five month long vacations. And I’m sure he looks forward to tell you how to live your life. (Bet the first question he’d ask you is if you got Bammy Care and if not, well, you’ve got a nice fine coming.)

    “Vacation’s Over: Obama Returns to Public Life Next Week”

      Apr 21, 2017 21:01 AM

      What did they do……..kick him off the yacht………..

        Apr 21, 2017 21:02 AM

        Maybe his book deal is not doing so well………or maybe nobody wants to him flap his lips.

          Apr 21, 2017 21:03 AM

          Really who give a dang what that retard does……….

            Apr 21, 2017 21:07 AM

            Bammy’s going to have his own town hall in Chicago.

            He’s teaming up with Sorro(w)s to cause more trouble. Bammy has enough money to live like a king for the rest of his life. Why can’t he just go away and leave us alone???

            Apr 21, 2017 21:11 AM

            because his mind is evil……..evil can never have enough…he covets , lies , and has kept up the thoughts for the deep state. jmo

            Apr 21, 2017 21:13 AM

            You will know them by their fruits…….real simple……

            Apr 21, 2017 21:16 AM

            He allowed the deep state…… Double Down on the BONDAGE…of all citizens, and I bet the SOB is not even a legal US citizen

    Apr 21, 2017 21:54 AM

    SILVER TO GOLD>>>>>>>72 to 1……………..

      Apr 21, 2017 21:18 AM

      Silver is a joke……….until it isn’t………..and when will that be………wondering minds need to know……

        Apr 21, 2017 21:00 PM

        I am still wondering when that will be…. 🙂

          Apr 21, 2017 21:18 PM

          maybe Irish Tony can tell us when he will stop dumping all his silver on the market, causing all this overhead resistance……… 🙂

    Apr 21, 2017 21:56 AM

    The Last Couple of Times This Happened Gold Miners Posted Huge Rallies
    by @Goldfinger on April 21, 2017

      Apr 21, 2017 21:27 AM

      My thought too!!
      Many miners are down a lot and it doesnt seem they will go any lower. They are oversold and Im not talking about gdxj or gdx im talking about individual gold and silver mining stocks. It really feels like the opposite could happend. A lot of the experts is waiting for a correction after gold is tipping around 1300 usd/ounce. Maybe a breakout is around the corner. Im placing my bets in some of the beaten down juniormining stock.
      Good luck everybody, have a nice weekend!

        Apr 21, 2017 21:45 AM

        Blue – Yes, I’ve been adding all week on the weakness. There may still be a few upside surprises in store. May your trading be prosperous.

          Apr 21, 2017 21:33 PM

          Thanks EX!
          I bought a zinc play today VTT 0.225 cad. Seems its about to breakout. Financing is almost completed and 10000 m drillprogram starts in May.

          Goldfingers chart

            Apr 22, 2017 22:21 PM

            Yes, I own Vendetta for one of my Zinc exploration plays and expect this drilling season to be a prime mover for the share price.

            There is lots of good discussion in the Vendetta room at


    Apr 21, 2017 21:18 AM

    CONSPIRACY vs FACT: How Much Gold Is In The World??

      Apr 21, 2017 21:29 AM

      NOTE TO b………here is some more info on Karen H…..false or fact…………..j

      Apr 21, 2017 21:29 AM

      Have a problem with the statement…..can the Fed push the price…….

      Apr 21, 2017 21:32 AM

      Interesting article THANKS ANON>>>>>>>>>>.

    Apr 21, 2017 21:47 AM

    OWL COINLAND Report………..Coins of the Week………….just for fun.
    Gold coins.
    1/2 oz……..1843 O $10 grade AU58………was $6700…….now $8900…..UP 32.83%
    1/2oz………1898 S $10 grade MS60………was $975………now$1275…..UP 30.76%
    …..since the above coins are 1/2 oz…..just double the price for that
    worthless piece of gold.

    1 oz………….1901 $20 grade MS 61……….was$1765……now $2225…..UP26%
    Yellen has a harder time jacking with the price on gold collector coins …just for fun.

      Apr 21, 2017 21:50 AM

      the above are one (l) week changes in price….

    Apr 22, 2017 22:28 AM

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