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Rick Is Back – Updating His Thoughts On US Markets, Treasuries, and PMs

Cory
November 19, 2018

Rick Ackerman is back and has a lot to update us on. We discuss the breakdown in US markets and how the high flyers are leading the charge down. Next up is the treasury market and a higher target Rick has for yields. The US dollar is also covered as is precious metals.

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Click here to visit Rick’s website for more technical commentary.

Discussion
38 Comments
    CFS
    Nov 19, 2018 19:33 PM

    From KingWorld NEWS:

    …Foreign holdings of US Treasury total marketable debt stands at 40.5% as of September. It began the year at 43%. Five years ago it stood at 49% and 10 years ago it was at 54%. The Fed, the US banks, pension funds and households certainly picked up the slack but we know the Fed has now reversed course and the level of supply is at a record pace. We need all the help we can get and foreigners are no longer a reliable source of capital for Treasuries for a variety of factors. It is also likely a reason for many months this year of very mediocre Treasury auctions where supply is swamping buyers.

    (Monetizing the debt ahead? Look at Fed Reserve holdings….. ? Happening already.)

    b
    Nov 19, 2018 19:13 PM

    Ditching dollars: China seals currency swap deal with Indonesia
    https://www.rt.com/business/444370-china-indonesia-currency-swap-deal/

    b
    Nov 19, 2018 19:14 PM

    Gold rush: Iran turns to precious metals as US sanctions bite
    https://www.rt.com/business/444378-iran-gold-rush-sanctions/

      Nov 19, 2018 19:29 PM

      Ok,…..Now Pokie Han Ass….can were her head dress…..One feather please.

      Nov 19, 2018 19:33 PM

      You better prepare yourself for a rush of legislation in Congress supporting Sharia Law and other Islam-friendly ideas, because it’s coming.

        Nov 19, 2018 19:35 PM

        Flash-forward to 2018, where two Muslim Congresswomen have been elected to the House, and one of them wears a headscarf and a hijab associated with the Muslim religion of Islam. Now all of a sudden, the Democrats are highly concerned about religious headgear for the first time in 181 years. Kinda funny how that is, eh?

          Nov 19, 2018 19:36 PM

          Lewis Charles Levin was an American Jewish Congressman and the first Jew ever elected to the U.S. House of Representatives in 1844. He was not allowed to wear a kippah, or yarmulke, while on the House floor due to the a law implemented in 1837 banning religious headgear in the House. Since 1844, many Jews have been elected to Congress and no one ever considered changing that rule to accommodate them. Just Jews, who cares, right? (insert bored yawn here)

            GH
            Nov 21, 2018 21:30 AM

            Let’s see who pushes the legislation…some like to hide behind others to push divisive, destructive agendas…say, the NAACP or BLM, as examples.

        Nov 20, 2018 20:24 AM

        Immigration was the inevitable backwash of imperialism as slaves, adventurers, and traders swarmed into Rome. Over time, slaves were freed, foreigners gave birth to natives, non-Romans gained citizenship, and legal and social sanctions against intermarriage fell away. By the early empire, all that was left of the original Roman stock were a few patrician families.

      Nov 20, 2018 20:56 AM

      Ephesians 6:12 King James Version (KJV)
      12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

        Nov 20, 2018 20:59 AM

        Matthew 6:23
        “But if thine eye be evil, thy whole body shall be full of darkness. If therefore the light that is in thee be darkness, how great is that darkness!

          Nov 20, 2018 20:00 AM

          Check out the eyes of the politicians……..

    Nov 19, 2018 19:31 PM

    Is Bob back from his trip from Down Under……What is the news…..

      Nov 19, 2018 19:32 PM

      BOb , funny as heck ………..I have zero conflict with him on any basis, other than me trying to figure out just how gold was suppressed from $252 to $1923.

        Nov 19, 2018 19:32 PM

        The quote was from Bob……

          Nov 19, 2018 19:34 PM

          recently it hit an all time low with a discount over 5%. I used the same indicator to say we were at a top in April of 2011 where I correctly called the top in silver to the day. Now it’s saying we are very near or just past a bottom.

          Nov 20, 2018 20:35 AM

          Based upon the info…….Looks like Eric could be in control…..with 28% of the stock…..

    Nov 19, 2018 19:28 PM

    Chris Vermeulen forecasting against the trend, it seems. Get ready for DOW 30,000! https://www.howestreet.com/2018/11/18/technical-analysis-points-to-dow-30k-next-target/

      Nov 19, 2018 19:32 PM

      Strange forecast. Second para says ‘almost without fail’ the market experiences a Christmas rally but then says it doesn’t 23.59% of the time. Then in the same second para it says downside price rotation in the Q4 (Christmas Rally months) is possible, but unlikely by a 4:1 ratio. 76.47% to 23.59% is a 3:1 ratio isn’t it?

    Nov 19, 2018 19:20 PM

    (KTN) Kootenay Options High-Grade Columba Silver Project in Mexico

    by @newswire on November 19, 2018

    https://ceo.ca/@newswire/kootenay-options-high-grade-columba-silver-project

    Nov 19, 2018 19:26 PM

    (SGI) Superior Gold Inc. Announces Initial High Grade Gold Mineralization from Underground Resource Expansion Drilling

    @newswire on November 19, 2018

    “INTERSECTIONS INCLUDE 42.4 G AU/T OVER 2.40 METRES, 41.1 G AU/T OVER 2.00 METRES, AND 15.5 G AU/T OVER 5.05 METRES”

    https://ceo.ca/@newswire/superior-gold-inc-announces-initial-high-grade-gold

    Nov 19, 2018 19:39 PM

    (NMX) Nemaska Lithium Provides Project Construction Update

    by @nasdaq on November 19, 2018

    > Project construction at both sites is currently on track
    > Concentrate production is expected to start in H2 2019 with Lithium salts production expected in H2 2020
    > $315.9M or 36% of the total project budget has been committed, being:
    – $177.3M at Whabouchi mine, and
    – $138.6M at Shawinigan electrochemical plant.

    https://ceo.ca/@nasdaq/nemaska-lithium-provides-project-construction-update-c84aa

    Nov 19, 2018 19:50 PM

    EX………do you know anything about ?
    Pacton Gold (PAC.V)

        Nov 19, 2018 19:52 PM

        Pacton Gold (PAC.V) that was picking up land in Australia’s Pilbara region. Although one would think the recent Novo Resources-hype in the past few years would have resulted in all good pieces of land to have been scooped up by now, Pacton has been able to negotiate the acquisition of several projects, joining Novo in its quest to prove the viability of conglomerate-hosted gold systems.

      Nov 20, 2018 20:37 AM

      2nd request……… 🙂

    Nov 19, 2018 19:39 PM

    F**K the Fangs they want to rule the world. Glad to see RICK !!!!!!!!!!!!!!!!!!!!

    b
    Nov 20, 2018 20:06 AM

    Iran & Iraq consider replacing US dollar with local currency in trade @ RT