A focus on the USD, oil and what Doc is doing with his money
To wrap up the week with Doc we take a look at the possibility of the USD reaching 100 on the index and oil getting to $60 a barrel. We then touch on what Doc is doing with his money moving into the end of the year.
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Doc,
Did you look at the fundamentals of YGR.TO ?
On September 30, 2016 at 11:40 am,
Pete says:
Doc,
Interesting,about the late 2017 to 2018 time frame,2 other people that i “follow” are talking about that time frame.
BTW, Doc
Do you remember me asking you(what your technicals say) about one of my oil and gas juniors,YGR.TO on the blog?.i can´t find that post.
Anyway,if you have the time could you comment on Yangarras technicals?
Thanks
On September 30, 2016 at 2:53 pm,
RICHARD (DOC) says:
Pete, there’s not a lot to dislike about this company’s technicals.This thing is just itching to head higher. There doesn’t appear to be a lot of downside risk. Thanks for alerting me about this company—I’m going to look at their fundamentals and see if there is potential from that aspect. It may trade in a trading range for awhile and on the monthly, it’s hitting its’ head on the 50 month EMA. If it can close above that you might have the start of a long term moving trend in the positive. The daily chart is suggesting a short term trend up and the weekly chart just took out a previous high—both of these are positives.
On October 1, 2016 at 1:04 am,
Pete says:
Thank you Doc,much appreciated.
Doc,
Remember,this is not investment advice 🙂
Pete, I am kicking myself —I was planning on purchasing this thing just based on the great looking technicals and then I got diverted. What a nice move. I hope you were in this thing when I gave the technical analysis.
Yes i was Doc,Thank you.
Maybe its time to wait to go all in in the precious metals market right now:
http://news.gold-eagle.com/article/factors-supporting-one-more-quick-low-gold-prices/418
It usually bottoms right before metals option expiration next week. So it feels like a down first half of the week until wednesday for the metals. We shall see.
Barchart: The dollar index (DXY00 +0.21%) this morning is up +0.201 (+0.20%) at an 8-1/2 month high. EUR/USD (^EURUSD) is down -0.0037 (-0.34%) at a 7-1/2 month low. USD/JPY (^USDJPY) is down -0.19 (-0.18%). Thursday’s closes: Dollar index +0.395 (+0.40%), EUR/USD -0.0045 (-0.41%), USD/JPY +0.51 (+0.49%). The dollar index on Thursday climbed to a 7-1/4 month high and settled higher on weakness in EUR/USD, which fell to a 3-3/4 month low after ECB President Draghi signaled the ECB won’t be ending QE anytime soon when he said there is no “convincing upward trend” in underlying inflation and that “an abrupt ending to bond purchases, I think, is unlikely.” The dollar index was also boosted by stronger-than-expected U.S. economic data on Sep existing home sales and the Oct Philadelphia Fed business outlook index.
It could be time for a correction in the dollar and Euro in the other direction.
Off topic…..cyber attack northeast…
Internet grinds to halt….zh
The Chicago Cubs are 1 win away from going to the World Series.
Will the curse of the billy goat be broken?
Yes.
Doug Casey on Palisade Radio
http://palisaderadio.com/doug-casey-speculator-making-200m-in-junior-mining/
Would you rather face a situation in which a few women were groped, or be vaporized in nuclear war? If you don’t know the correct answer, you are too stupid to be alive.
Are the American women really going to elect Hillary as a rebuff to Trump’s lewd talk? If so, they will confirm that it was a mistake to give women the vote, although there will be no one left alive to record the mistake in the history books.
PaulCraigRoberts.org
This is the sickest comment ever on KER.
mexic’s mining sector to reach 17.8 bil by 2020 : http://www.mining.com/mexicos-mining-sector-to-reach-17-8bn-by-2020-on-the-back-of-silver-zinc-prices/
that previous one posted by excelsior on ceo.ca
TLTFF: Some questions for the CEO if possible. The recent news about the trials approval would have spurred some interest and possible movement in the price of the stock. Instead we had 6-7 increase in volume yesterday with a price drop. Today we appear to have a blocking action by the MM to participate in the market, with low volume and lower price. I find it hard to believe that is “sell the news” speculators on this good news. Is there some kind of other dynamic in play?