More News Driven Moves In Treasuries… But What About The US Equity Markets
Chris Temple is with me to wrap up the markets for today. Another day where news was moving bonds all thanks to a report out of China that they will curb purchases of US treasuries. Even though the bond market sold back down throughout the day we are seeing a consistent shift by the major players away from bonds. The real takeaway is the lack of a sell of in the US markets. With good reason to sell off today markets were only slightly down and the VIX actually ended the day in negative territory.
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Metals Going Nowhere ………………..three words………….
You are wrong. Three more words… 😉
Oh my gosh………. 🙂
Gold went up……. 🙂
IRa’s End of Day TA:
Phony Hillary-Funded Russia Dossier Was Used to Obtain Trump FISA Warrant – More to be Revealed Soon
I hope folks realize that much money is beind transferred to China via cryptocurrencies.
It would not surprise me if the Chinese government as well as individual citizens were mining Bitcoin and other Cryptos.
It would be profitable to mine BTC even at half the current price, given electricity cost in China.
The Chinese government is intelligent enough to realize this, even if they do not like loss of control. So the Chinese Government would be advised to limit the purchase by Chinese citizens, mine Bitcoins and slowly sell to the rest of the wotld. Anyone hear the suvking sound yet?
China accounts for 48% of total global volume in cryptos
being not beind
sucking not suvking
Gold & Blockchain
Gold never changes – only the world changes around it.
http://www.vanaurumtech.com/single-post/2018/01/10/Gold-Blockchain
Seal slams Oprah as a hypocrite after Golden Globes speech
Jan. 11, 2018 – Singer says she was part of the problem for decades.
The euro is heading for at least 126 and ultimately higher:
http://stockcharts.com/h-sc/ui?s=%24XEU&p=W&yr=3&mn=9&dy=0&id=p47824591598&a=526358322
The miners are holding up impressively considering the nice run they just had. The second leg of the move might start sooner than most think…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=7&dy=13&id=p76467244646&a=569496209
I would agree. I think Gary Savage probably got it right calling this a half-cycle low:
https://blog.smartmoneytrackerpremium.com/2018/01/gold-update-half-cycle-low.html
The following fork goes well with the above Fib fan:
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=13&id=p64641643732&a=569622901
This might look like a possible small double top, but I doubt very much that it is:
SILJ
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p10461139964
The Canadian dollar has found some support at the Ichimoku cloud and the 50% Fibonacci fan line but has important fork resistance just above…
http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=0&id=p27672331588&a=569545502
While the other gold/silver miner etfs are still stuck within their respective SMA & EMA envelopes, my etf of choice, SILJ, is not. It is giving us a glimpse of the most likely path for the sector in the immediate future…
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=13&id=p08491817224
For comparison, here’s GDX:
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=13&id=p64641643732
Three little words:
Blow Off Top
Interest rates Low
Where to invest?
But in Stocks.