Is the recent S&P top going to be the 8 year bull market top?
Rick Ackerman and I discuss the recent top made by the S&P in which Rick has been waiting for since January. With such a major top Rick is considering that this might be the final top in the current 9 year (the 9th years just started in March)… We need to see how the market reacts because right now it is too touch to take one side over the other.
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Great news. Been swamped today and just saw the news. (about dang time!!)
Let the good times roll……
“CEO Paul Thompson hosted Mexus advisor Paul Dent at the Santa Elena Mine in Caborca, Mexico. During their visit both Paul’s were able to observe leaching solution returning to the pregnant solution pond. This returning solution will increase in value and flow allowing the pregnant solution pond to sustain a 600 GPM flow to the Merrill Crowe recovery plant by month end. CEO Paul Thompson added, “I was thrilled to see pregnant solution coming from Pad 1. This marks the beginning of continuous #production for Mexus and our JV Partner, MarMar Holdings Inc.”
I have goosebumps reading that… They are walking the walk. Players down in Sonora now.
Agreed – I’m impressed that they are doing what they said they would do ( a rarity with Jr Miners). Now all we need is a Corporate Presentation on the website, and this news posted to the landing page.
Dead cat bounce in gold appears to be over and it could get hit hard on the interest rate hike even though the information seems to be baked in.
What about the debt ceiling issue on Wed the 15th? If it get’s wonky, then precious metals may get a chaos insurance bid.
Speaking of chaos insurance….. I’m considering picking up some UVXY today or tomorrow just in case the poop hits the fan on Wednesday.
At the end of the trading day I decided to put some UVXY shrimp on the barbecue for Wednesday (just in case things get turbulent).
It could spike. The interest rate hike could cause a fake initial spike down and then a sharp move up. Too difficult to trade.
Guess what snapped today:
SNAP -4.44% at 21.09. Looks headed to the $17 offering price that it never traded at and then another bounce before resuming downtrend.
Mexus Gold US starts production today for the next 20 + years.
https://globenewswire.com/news-release/2017/03/13/934791/0/en/Pregnant-Solution-Flowing-from-Pad-1-at-Mexus-Santa-Elena-Mine.html