A Look Into Currencies – USD, Euro, and Yen

January 24, 2019

Doc is with us today to dive into a couple currency charts. We stick to the larger currencies which include the USD, Euro, and Japanese Yen.

    Jan 24, 2019 24:16 PM

    Doc, MO has tumbled down to 42.44 today. At 40 it will yield 8%
    Do you think it will get to 40?

      Jan 24, 2019 24:53 PM

      BB, I think the odds are very good for MO getting down to 40. In fact, it could happen in the next two weeks. Longer term, MO could even get down to 30. I would have to follow it much closer in the future to see if the odds favor that.

        Jan 24, 2019 24:00 PM

        Docs – Good thoughts yesterday and today in your editorials. I always appreciate getting your perspective on the markets for the bigger picture. Thanks!

          Jan 24, 2019 24:01 PM

          Docs = Doc = Charley = Richard = Da Man

            Jan 24, 2019 24:03 PM

            Ex, you have a good memory.

            Jan 24, 2019 24:55 PM


    Jan 24, 2019 24:32 PM

    Security in Mexico

    I had an email today from a long time exploration friend. He has been working in Mexico for many years. Now he is looking for work in Canada. Here is what he wrote about security in Northern Mexico:

    “I’ve never worried about it in the past but this past couple of years it’s getting sketchy. There are new groups like La Linea out of Chihuahua who are flexing their muscles with the Sinaloans along the Chihuahua border. Nasty stories. I don’t want to make headlines in the newspapers.”

    GNG is not the only Company with security problems

    I got this from a stockhouse bullboard

      Jan 24, 2019 24:56 PM

      This could be bad for AG, EXK, PAAS, MUX, GORO, Silvercrest, etc.

    Jan 24, 2019 24:22 PM

    Mexico had over 32,000 murders last year, predominately near the US border, as factions fight for control of lucrative human traffic exploitation and drug trade. This is more than double the 14,000 murders per year in 2014 at the height of drug trade violence.

      Jan 24, 2019 24:12 PM

      Brazil had twice as many murders as Mexico and guns were banned in both countries, but Brazil’s new president will make guns legal.

        Jan 24, 2019 24:48 PM

        How long have guns been banned in Brazil.
        They were fairly abundant a few years ago, when I was last there.
        I bought a leather briefcase that had a built in holster.

    Jan 24, 2019 24:36 PM

    This is more worrying to me than the US-Mexico border, despite the lack of US government ability to deal with the Southern border.
    We are going into a cold war with China. That is inevitable. I pray the war dos not become hot, because the US will lose.

    Jan 24, 2019 24:02 PM

    Then in the US, we are plagued by lies, fake, false, phony News.
    Communist Propaganda.
    The only difference between Communism and Socialism is the speed at which they destroy the economy of a country.
    Look at how successful Venezuela is, sitting on great oil wealth.

    Jan 24, 2019 24:50 PM
      Jan 24, 2019 24:09 PM

      That was a strong endorsement for Silver, but a bit far-fetched to happen anytime soon.

        Jan 25, 2019 25:40 AM


          Jan 25, 2019 25:42 AM

          Of course Jamie D….is scheduled in March to be in front of Maxine Waters, and the radicals might get Jamie to dump his silver hoard, and unchain the manipulation of the silver price…….Wishful thinking OOTB………

            Jan 25, 2019 25:46 AM

            Maxine Waters was the one who did know the Fed , was not Federal…
            So, I not sure she has figured out, what , who and where…Jamie Fits into the manipulation……..and nobody knows anything crowd might not know either….lol

            Jan 25, 2019 25:47 AM

            should be did NOT know…….I was going to give her some credit, but, she is really a” more on” that late……..

            Jan 25, 2019 25:50 AM

            Speaking on More on , Cortez is going to grill Jamie as well, so, maybe she will free the Silver, …for humanity………

    Jan 24, 2019 24:31 PM

    Ira’s End of Day TA

    Jan 24, 2019 24:41 PM
      Jan 24, 2019 24:59 PM

      +1 Always enjoy getting Ira’s TA analysis. Cheers!

    Jan 24, 2019 24:07 PM

    Silver Price Update vs. Silver Miners

    iGoldAdvisor – Christopher Aaron – January 24, 2019 #VIDEO #TechnicalAnalysis

      Jan 25, 2019 25:55 AM

      Been following along deliberately to Chris Aaron’s podcast for well over a year now. I like his objective perspective.

        Jan 25, 2019 25:11 AM

        DXH19 reversal above/below 95.83 with volume breakdown on the happening.

      Jan 25, 2019 25:50 AM

      EX…….thanks for the post on CA

    Jan 25, 2019 25:22 AM
    Jan 25, 2019 25:56 AM

    The criminals got Stone. The witch hunt continues with more bogus charges like what they did to Corsi. Let that be a lesson to you boys. If this criminal gooberment wants to get you, it will.

      Jan 25, 2019 25:59 AM

      He is going in front of the same Judge……as Cohan and Maniford….

        Jan 25, 2019 25:00 AM

        Looks like an orange jump suit week end for him………..

          Jan 25, 2019 25:01 AM

          The raid by the FBI……no need in such drama……..CNN got the tip off…..What a joke.

            Jan 25, 2019 25:40 AM

            I didn’t see it since I don’t watch CNN. Did they ransack his house? Cops (at all levels of gooberment) do that all the time for no reason at all. I’ve seen them go in and tear a house apart and ruin it as part of the arrest even of people who have had all charges dropped against them.

            Jan 25, 2019 25:41 AM

            Nothing but gooberment thugs, pure evil

            Jan 25, 2019 25:53 AM

            Jerry, here’s some nice music for you to ease the frustration of these corrupt times…


            Jan 25, 2019 25:23 PM

            I enjoyed the music….nice and upbeat…..thanks……..
            Fairy tales do come true………lol

            Jan 25, 2019 25:17 PM

            Here’s another good one…


          Jan 25, 2019 25:03 AM

          They don’t want the sheeple, ……just want to keep everyone thinking…”glad it ain’t me”,…now get back to work…

            Jan 25, 2019 25:08 AM

            DEEP STATE……..politicians and elites running the show, do not mess with the boyz…in the paid up judges in the pockets, put in place by the party in control…….what a system, of checks and balances………LOL

            Jan 25, 2019 25:10 AM

            More like… check your balance in your check book politics……

            Jan 25, 2019 25:49 AM

            Imagine how Ocrassio will use the power of gooberment…how do you think she will use these thugs???

            Maybe a Freudian slip but I think Greg is right…Oscario-Cortez…


            Jan 25, 2019 25:52 AM

            Greg is always a good listen ……

        Jan 25, 2019 25:19 AM

        Stone never should have talked to Mueller or Congress. Mueller is giving Stone the Corsi treatment. You answer one minor question about something completely irrelevant incorrectly because you can’t remember and then you get charged. People have to learn NEVER to talk to cops or anyone else from the gooberment when it involves a criminal matter.

          Jan 25, 2019 25:56 AM

          I agree, ….should never have cooperated………Trump should have fired Mueller on the first day…….it is all rigged……Another entrapment …..ONE WORD “EMAIL”
          As I said, Stone is going in front of the same judge that locked up the other two trump friends, or associates.

            Jan 25, 2019 25:59 AM


          Jan 25, 2019 25:33 PM

          WHAT A ZOO…………Stone did a good job addressing the crowd, outside the courthouse….A lot of RUDE LOW LIFEs outside the courthouse, ……

      Jan 25, 2019 25:29 AM

      Suprised Mueller hasn’t gone after Estulin. Greg better watch out. Mueller and Hillary will say he’s colluding with the Rooskies. And yes, Estulin was on Noory’s show before and talked about Bilderburgers, Trilaterailists, etc. I think I might have heard part of his interviews years ago on Noory’s show but never remembered him saying he was a Rooskie or worked for their gooberment. Anyway, I think we have way more to fear from the Deep State and the rest of our gooberment than from any Rooskie. Same with the tarrists as Bushie called ’em.

    Jan 25, 2019 25:37 AM

    I’ve been saying that silver looks better now than it did three years ago and it still does:

    Jan 25, 2019 25:41 AM

    The loonie is getting ready to move straight up once again…

    Jan 25, 2019 25:42 AM

    OK, I lied. One last post before I take a hiatus (I’ll be back once GDX crosses $23).

    Yesterday, I noted that $HUI:GLD had broken below it’s cloud support on the daily chart. Well, lo and behold, the one day where recapturing the area above the cloud was most likely (the thin transition between clouds), it looks like that is exactly what is going to happen. Needless to say, this has huge implications for short term action in the miners, IMO. I’ve been stating that I think GDX bottomed for a few months now, and today is one more pillar to support that thesis. I’m cautiously optimistic about near term action now too. Anyways, cya when GDX crosses $23.

    Jan 25, 2019 25:43 AM

    The TSXV is a weekly chart BUY…

    Jan 25, 2019 25:45 AM

    SILJ has important speed line resistance just above…

    Jan 25, 2019 25:48 AM

    GDXJ:GDX looks good — look at the weekly MACD:

    Jan 25, 2019 25:51 AM

    GDX looks great:

    Jan 25, 2019 25:53 AM

    GDXJ long term breakout and backtest:

    Jan 25, 2019 25:55 AM

    GDXJ:GLD H&S top in the works? I doubt it…

    Jan 25, 2019 25:55 AM

    I was just listening to BBC’s “more or Less” Radio 4 program on which the UK Office of National Statistics was reporting.
    Surprising to me, he reported UK unemployment at a low, employment at a high.
    More significantly, when challenged; that it’s just minimum wage and part-time going up, he came back with statistics rejecting that hypothesis.
    A little alarming, however, is that productivity is flat over the last decade, so GDP increasing with increasing employment, not innovation. and enhanced productivity.
    This implies stagnant real wage growth, except as minimum wage is forced up.
    And without productivity growth, there can be no real wage increase.

    He did not say the following, but I will. If wages are stagnant in real terms, but taxation increases, the real standard of living decreases, despite the apparent numerical increases which track inflation.

      Jan 25, 2019 25:02 AM

      I suspect much of the statement above also applies to the US. where productivity increases are low in manufacturing because of Chinese competition keeping price increases low, and thus production itself restrained.

    Jan 25, 2019 25:56 AM

    GLD/gold looks good to go…

      Jan 25, 2019 25:57 AM
      Jan 25, 2019 25:15 AM

      Of course,PMs up as the dollar falls out of bed!
      Ira’s Morning.

        Jan 25, 2019 25:22 AM

        Not “of course” to the many who couldn’t see it! I said weeks ago that gold would probably not close a week below 1270 while many thought it would go MUCH lower. Obviously, those people probably still think that it will.

        Jan 25, 2019 25:35 AM

        85.83 DXH19 – key level. Volume reversal today.

    Jan 25, 2019 25:16 AM
      Jan 25, 2019 25:27 AM

      Looking at the weekly Ichimoku cloud, the potential is there for a dramatic move higher by February 11th (above 40 cents). Otherwise I think it will be a steady rise into spring, with the next opportunity to realistically break above the weekly cloud coming the weeks of May 13-June 3, IMO.

    Jan 25, 2019 25:23 AM

    KTN looking good:

    Jan 25, 2019 25:51 AM

    one final observation before I sign off: GLD (and $gold) looks like it will close above the weekly Ichimoku cloud for the first time in 8 months. It’s not really a guide with respect to near term performance, but what it does establish is that gold transitioning into a bull phase and that the $1270 level should be rock solid support at least through the first half of the year. It’s a positive first step, that is for sure.

    gold needs to hold above 1280ish into the week of February 19th and that $1270 floor will then be cemented IMO.

    Jan 25, 2019 25:50 AM

    SILJ:GDX weekly: