Gold, the US Dollar, and US Markets
Rick Ackerman is with us today and we are touching on a number of different markets. We start with gold and look at the higher levels the metals needs to break through to continue this bullish run. When looking at the dollar Rick continues to be in the dollar bull camp but there is no telling when that major move will come.
Click here to visit Rick’s website.
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Matthew:
The all time classic was the chia pet.
His crew of gangsters seem to have not bought enough gold over the summer doldrums! I guess they need more.
Thanks for that opinion. His article wasn’t pleasant to read and unfortunately, I assume much of the market believes him, no matter what he says.
David Erfle’s comments yesterday were music to this boards ears.
Show us the mushroom cloud… LOL
The mushroom cloud will be located around the cow pats that come from that idiot.
It is a great quote for the current insanely valued and fearless stock market. LOL
$1308.6?
1462.70
The target that Rick has for a top in Apple could happen within days the crazy way that these tech stocks go up – so that is a tad worrying if Rick is right and that basically means the US markets then top out.
So, release of new iphone, Apple gets a surge and then, bang, it is all over and down the world goes… for surely the US markets will take everything else down with them…
Nenner says so………out of markets….going to tank….
I am not disagreeing with Rick – just highlighting we could be to a major top.
I agree with you, sorry that my statement did not say so……..
THE ONLY WAY to MAKE MONEY IN these Markets……..
http://www.zerohedge.com/news/2017-08-30/houston-stiffens-prison-sentences-looters-5-years-life-police-chief-vows-crackdown
Ira’s morning
Fundamentally, I do not like today’s action by Dr. Copper.
Copper has been a powerhouse but is now very overbought and has run into resistance so it probably won’t be going higher real anytime soon.
http://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=1&mn=9&dy=0&id=p72006434078&a=487154642
Damn typo :\
Don’t disagree that it’s overbought and needs to consolidate but I still see $3.20 become the new norm after the next leg up after a much needed breather
Once it has digested its recent gains, I think copper is going to $3.60 and possibly $3.90 before taking a longer break.
Wow…..I hope you are right again…..not doing much digesting overnight..😄
I believe the huge head and shoulders top formation in TLT vs GLD/Gold will activate this fall or sooner. The gold sector is where it’s at, not bonds. Specifically, silver and the miners.
Gold just wrapped-up a two-decade, ten-bagger run versus the miners but looks great versus conventional stocks and bonds.
GOLD:XAU weekly, 21 years:
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU&p=W&st=1995-08-30&en=today&id=p43239942174
Harvey and a ten bagger………that calls for a Harvey Wall Banger…
Do not rain on our party……… 🙂
https://youtu.be/uQ3tPUuc2r8?t=32
Ira’s Metals
Latest Ron Paul:
https://www.youtube.com/watch?v=Sy52qyNGWI4
I don’t understand why Trump signed the Executive order allowing moremilitarizing of the police.
I see no reason why police should have bayonets or tanks and large caliber weapons.
I always thought police exist to “protect and defend”, not massacre.
oops. protect and serve
BAM…………yooooo might have missed this one……
https://www.sgtreport.com/articles/2017/8/29/just-when-you-thought-the-fort-knox-gold-story-was-over-bam
Koor Jensen…….uncovers document
Y’all….Let me know if I am wasting my time ……posting these articles……thank…..OOTB
Keep them coming Jerry. Your wit is always a welcome part of the day.
Ok……if you insist…. 🙂
It makes one wonder if the world is in so much debt how many people hold stocks on margin, I will guess that it must be more than 5 million. No matter where you go there are a lot of people looking at their phones. How many are looking at stock quotations, there are no stock branch offices because a lot of people have direct access to the market with their phones, could that number be as high as 10 million in North America. The more people are in debt the more gambling goes on to try to beat the system. Oh when this situation reverses how dangerous does any one think the forced selling of the masses margin stocks will be. DT
Charles Nenner had a good one on that question today at usawatchdog……..dow 5000, He did say it would not be to bad, because even at dow 5000 everyone was doing ok……
Since when is the level of the Dow correlated with quality of life?
I’m pretty sure everyone was doing ok in the roaring ’20s, and what was the Dow then?
About 1,500
Ask Charlie………tune him in or just can him………
Did you listen to Charlie……..what he was inferring , life is not going to end, if dow goes to 5000, and a ton of money is lost, mostly some paper wealth, but, life was not over for all those in Miami, when Ponzi Madoff got caught, and ripped off some paper multi millionairs…..
Some will just have to down size , and trade in some Hermes Bags for Gucci…….
Good point DT.
https://www.youtube.com/watch?time_continue=48&v=bUjDGN5UzFs
Inside with Hilly………….
Ira’s end of dat
CLASF Colorado Resources. Anyone on the board know why it jumped almost 17% today on good volume after being quite active the last week or so? Appreciate comments.
SD.. all the activity going on at Eskay Creek
Thank you Ann!
Bull market run.com
If BIRD was still around , I would post this for him……….He refuted this info 6 yrs ago,
Bird, is in Korelin jail, rest in peace Tweety, the puddytat is where he belongs, AMEN. DT
Rest in peace……Amen……
The recent burst to the upside in golds rally has prompted some outlandish price predictions once again. Goldseek has issued an article with Jim Rickards name attached to it claiming a price of $10,000 oz for gold by January next year as plausible.
This is just nonsense and it is damaging towards the reputation of the precious metals community. Fear mongering to this extent seems to further advocate the “wackjob tinfoil hat conspiracy theorist” tag towards those who condone PMs as investment.
Its almost as if this sort of rubbish is executed purposely as a hidden agenda to maybe fleece people of more money. I enjoy Rickards articles and his books but these sorts of claims are for entertainment and notoriety purposes only. He is widely followed but is maybe trying to drum up new followers as he increase his own exposure within economics circles.
No one can accurately predict the future within the PMs markets but im certain gold wont be at $10,000 an ounce at any stage next year. If that did eventuate, it begs the question: What shape is the world in?
Richards needs to go back to sleep……….no way for $10k by January…..
Manipulator comex and lbma, and sec, cme, fed…….are not going to let gold go to $10,000s
Gold could go to $10,000 by January of next year but you wouldn’t want to live in that world.
I agree Robert. Out of curiousity do you think the world would be in dire straits because of the aformentioned value of gold or because it got to that value in such quick time?
Whatever it takes to make gold $10,000 is not something you want to do at home.
I moved my big oil position to GOOG a few days ago at 906 as this one is a sure thing. It is now over 940. Better to take my big loss in oil. XOP has been falling since December. Bought a small amount of FB and Nflx and almost bought Amzn at 940 which is at 978. The PE is ridiculous at over 200 times.
I remember saying that Snap will go down to near $10 when it was near $30 and I bought some at 11.60 which is close enough and sold off on the rally. It could be acquired by a major company. I may buy in on a good dip.
Mohamed El-Erian shares just the kind of bogus opinion that we should expect before gold moves up…
https://www.bloomberg.com/view/articles/2017-08-30/why-gold-is-less-of-a-haven-these-days