A Rising USD For The Wrong Reasons

August 2, 2018

With the USD rising again today and closing in on 95 on the dollar index Chris Temple and I discuss what is driving the move. Emerging Markets continue to get hit which is a major worry. Also the trade tensions between China and the US are back with no end in sight. All of these topics are discussed.

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    Aug 02, 2018 02:43 AM

    The rise in the dollar is because Europe and UK is a disaster waiting to happen.

    Aug 02, 2018 02:02 AM

    Northern Empire Resources Corp (2)
    Symbol C : NM
    Shares Issued 66,467,263
    Close 2018-08-01 C$ 1.36
    Recent Sedar Documents
    View Original Document

    Northern Empire to be acquired by Coeur for $90M (U.S.)

    2018-08-02 07:02 ET – News Release

    Mr. Michael Allen reports


    Coeur Mining Inc. and Northern Empire Resources Corp. have entered into a definitive agreement pursuant to which Coeur has agreed to acquire, by way of a plan of arrangement, all of the issued and outstanding securities of Northern Empire not currently owned by Coeur.

    Aug 02, 2018 02:04 AM

    Equinox Gold spinoff of Solaris Copper

    2018-08-01 16:23 ET – Major Transaction Completed

    Equinox Gold Corp. has received a final order from the Supreme Court of British Columbia dated July 30, 2018, and shareholder approval on July 26, 2018, for its proposed plan of arrangement to reorganize its business, including the spinoff of its wholly owned subsidiary, Solaris Copper Inc.

    Aug 02, 2018 02:09 AM

    Dolly Varden drills 15.5 m of 161.4 g/t Ag at Dolly

    2018-08-02 12:19 ET – News Release

    Mr. Gary Cope reports


      Aug 02, 2018 02:41 AM

      Nice hole.

      Aug 03, 2018 03:02 AM

      Alright Dolly!

    Aug 02, 2018 02:13 AM

    Matthew, Doc, and amigos, USAS has fallen to 2.50 today. What does its chart tell you?
    Looks very tempting based on fundamentals. Thanks.

      Aug 03, 2018 03:05 AM

      Ironically I just added yesterday afternoon. I’ve just been storing money in USAS for a while, but occasionally trade in and out of partial positions to put money to work in more speculative plays, and then bring it back over for storage here during pullbacks.

      Longer term they are set to jet with an AISC projected for 2018 of around $2-$4 per ounce Silver equivalent. While they still mine a lot of Silver, they also have increased their Zinc & Lead production in a big way, to make hay while the sun in shining in those base metals. Very smart plan to cash in on the higher Zinc and Lead prices, and save a lot of their higher grade silver stopes for higher prices.

      Longer term Americas Silver (USAS) is a slam dunk.

        Aug 03, 2018 03:11 AM

        Like most of the Gold & Silver miners, the last few months have been quite bearish, and the bears are still in control for a bit longer. You’ll see the ADX is at very bearish momentum, the RSI is getting down to oversold levels, and the Slow Stochastics is down to a 6 so quite oversold.

        I’m adding here fully aware it may keep this up a while longer, but when Gold turns, it will drag Silver up along with it, and these miners will take off on a short-covering rally.

          Aug 03, 2018 03:13 AM

          For those that like a confirmation first, watch for the Slow stochastics to reverse, for the ADX red line to start falling, and for the 34 day EMA to cross back up through the 55 and 89 day EMAs. That will be the cue that the worm has turned.

          Aug 03, 2018 03:38 AM

          Ex I agree with your analysis. Long term this will be a slam dunk. I don’t think there is a whole lot of downside left, but I would rather see the stock price flatten out a bit before buying more. A nibble here at this level isn’t a bad thing as long as one is willing to hold through one more possible down draft.

    Aug 02, 2018 02:39 AM

    USAS currently looks like a falling knife to me. It is hugging the lower bollenger band on the weekly chart and it is still above the lower bollenger band (curently around 2.35) on the monthly. It is testing the low of last July, but it could easily break below that support and head down to $2 area around the low from December 2016. I am a shareholder and I am waiting on it to build a base a bit before my next buy. I know you didn’t ask me specifically bonzo, but my two cents for what it is worth given how dead the board has been lately.

      Aug 02, 2018 02:42 PM

      Thanks, Charles. I already own USAS so I’ll wait to buy more. What do you think of MCK?

        Aug 03, 2018 03:11 AM

        McKesson doesn’t look so hot either. I looked at a 10 year monthly chart and it appears the monthly moving averages are rolling over. There is a spike low on the chart in mid 2016 around $115. If it blows through that support, turn out the lights. That is my opinion. If it holds that $115 area its got a chance, but here again it is hugging the lower bollenger band on the monthly chart.

          Aug 03, 2018 03:12 AM

          Thanks, Charles. Guess I’ll hold off on MCK and maybe buy more NSRPF or USAS.

    Aug 02, 2018 02:47 AM

    Novo Resources up 7% on above average volume. Has anyone heard any news?

    Aug 02, 2018 02:28 AM

    long PGNX

    Aug 02, 2018 02:36 AM

    Here is a good article from Market Anthropology regarding some correlations over time (SPX’s current run compared to silver’s run in the 2000s). Conclusion is precious metals will trade sideways for the rest of the year, but will outperform the SPX which is headed for a fall.

    Aug 02, 2018 02:17 PM

    off topic:

    Don’t forget Assange is naturalized to be an Ecuadorian citizen.

    This would also release the truth of who gave up the DNC material to Wikileaks (Seth Rich probably) if Assange was free to speak again on trial.