The Pop In PMs And Sectors To Focus On In 2018
Chris Temple joins me today with some initial comment on the pop in precious metals today. We also chat about other sectors that Chris sees opportunity in that are outside the metals complex.
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Pump n dump in the metals and miners today. Today’s gap will surely get filled in the next 3-4 weeks. Probably by tomorrow, but I am willing to concede we could get some follow through on the upside in the near term.
Given the supposedly “bullish” silver CoTs, today’s action was the perfect opportunity to suck in bottom pickers.
Other things happening under the surface……..
Maybe, Gold will reach it’s true value…..UP…..
Jerry Will you keep your big mouth shut. The price fixers read all your posts, & everytime you say gold up….they monkey hammer it down just to spite you, & we all suffer……….Stay stum……………………………………………….haha
Got ya………..I was thinking the same thing….. really I was….
BTW……Hope all is well ……
Its occurred to me that Putin could have notified N & S Korea the U.S. and China of Putins address some days prior.
Things just changed big time.
Dialogue might now be considered an appealing prospect.
N Korea even stated they might not need nukes if they had some guarantees of peace.
They know full well the americans can not be trusted so……..
Whatupwitdat?
b…Things will work out just fine between the two Koreas………
SO LONG AS THE BLOODY US KEEPS THEIR NOSES OUT OF IT.
Yes Tony, I agree.
I agree with Chris that the dollar accounts for most of the move in the metals today and the charts for both showed this probability last week. like I said then, “Morris gets it.” I’m not a subscriber of his but he publicly said BUY.
The miners are not doing great relative to the metals so some added strength tomorrow is what we want to see. Either way, I think conventional stocks have generally topped versus the miners.
DIA:SILJ daily:
http://stockcharts.com/h-sc/ui?s=DIA%3ASILJ&p=D&yr=0&mn=8&dy=0&id=p70233237765&a=569661227