Loading ...I’m right now but although there is room for momentum next year there are going to be forces working against us hanging over us creating” or trying to” a dark cloud like the Fed. So if it continues momentum it won’t be in a straight line. It could move down right now before next move. It’s the bigger picture I’m watching at the moment.
Mr.Copper………follow the money.
If you could find out who took gnbc’s clients and which bank it is it might be a better way to play the herb business because the first bank that goes out on a limb to do business with all that cash out there will have a monopoly for a while.
http://www.thecannabist.co/2017/12/27/florida-marijuana-banking/95374/
Goldie
Really hope you’re right. It’s been a long time coming if so.
Re Gold and Commodities
Relax, late 2015 and 2016 and now is like 2000 and 2001 all over again. Stocks and dollar were high, commodities were on extreme 20 year lows. Gold at $250/oz. This time the LOW was $1060 in late ’15. Gold went 17% APY for 12 years.
The Trump effect got everyone thinking the dollar was going higher, so it did for about 6 months. Now its lower again, for 6 months, even with three rate hikes.
These days real estate, stocks, bonds too high. Commodities too low. The herd will notice this, and rotate objectives. Besides that, all the other countries are well off enough, that the global influences can get back to rebuilding the US economy, (with lower dollar back to 80) of which they put on “hold” in June 2014.
Look at the 2014 dollar adjustment, put us on hold, and them on stimulate. Now its THEM on hold, (higher euro et al,) and us on stimulate.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Gold chart, shows 1st and 2nd up waves, and late ’15, shows the start of the 3rd and last major up-wave, $3-$5,000, and we sell out for good to the newer younger crowd, and they can ride it down for 25 years. 🙂
Buygold
Gold seems to be basing and so far futuristic bullish. Just might keep up into 2018. Isn’t gonna be in a straight line though.
Hey Maddog
Yeah, the scum is still playing in pm’s, just not as hard during the holidays.
Will be interesting to see what happens after the New Year. GermanLong could have a point about the metals selling off in the first week, which would mean smacking the shares. Who knows?
The action in the dollar is pretty weak, will be interesting to see what happens with that too.
I have no doubt that the scum will keep pm’s at bay until they no longer can.
@eeos
Thank you for the response and added practical info. Very interesting points to consider. The market letter I get recommended about 10 of them very early on, with the assumption 1 or 2 would be a stand out. Like getting in early on face book or some other stand out that started very small. He also mentions the “wolf pack theory” where as the whole group moves together.
He was the first one in gold miners back in the ’60s. The original goldbug he calls himself. Also first with Uranium, dot-com, teck stocks and rare earth stocks. His problem is he sells too late. In June 1982 I got a mail gram, “Sell all inflation related assets, and buy the Dow at 796.”
Unfortunately the gold/silver sell signal was 2 years too late. MVOOGASSS he called it. Much vaunted all out gold and silver sell signal. If you got in, in the 1969, 1982 was fine. But if you got invested later on, and waited two years off the peak, it was bad.
Some people pick a stock because they like the name. Like Sunshine Mining. Or just put block chain on your Long Island tea company and stock goes up 180%.
buygold
good call re NEM….joke performance… clearly being ‘sat on’.
Mr Copper
It’s a race to the bottom in price and most of these stocks are non-performers. The price of the product just keeps going lower, so I’d say bad investment. Now when things get legalized in your state, then starting a dispensary could be a great investment. What it comes down to is this, good growers don’t need corporate sponsors. The business is energy and heat intensive. In the end, the states that have the cheapest cooling cost are going to win. This is known as free-side cooling, it just happens to be only a few states are really good for this. And this is why Colorado could win the race. There are lots of novelty companies making a ton of different products, edibles, vaporizing tech, and companies making high tech distillates that would be better money invested IMHO. It’s best to just visit CO to understand the emerging technological innovations.
FYI–u may start to buy QQQ puts or QID call options-DYOD-I currently have none.
AAII Survey Results for Week Ending 12/27/2017
Data represents what direction members feel the
stock market will be in next 6 months.
HISTORICAL AVERAGE: 38.5%
?
BULLISH
52.6%
+2.1 Percentage point
change from
last week
HISTORICAL AVERAGE: 31.0%
?
NEUTRAL
26.7%
+2.8 Percentage point
change from
last week
HISTORICAL AVERAGE: 30.5%
?
BEARISH
20.6%
-5.0 Percentage point
change from
last week
Note: Numbers may not add up to 100% because of rounding.
Ipso – will do this afternoon
Agree, it has to be the last of the tax loss selling because it feels like the pressure on the shares and metals is to the upside.
Sure hope you’re right about no tax loss selling next year.
Buygold @ 11:19
With gold and silver looking really good it’s surprising the PM shares aren’t doing better. Still has to be some tax loss selling happening.
Next year this won’t happen because we won’t have any shares with losses … 🙂
Venezuela to back a new crypto currency with oil, gold, diamonds
according to ZH. Not sure how that’s going to work and be redeemable. Sure would be hard to trust them to pay up when you went to cash in, besides, I thought they gave all their gold to Goldman Sachs.
Like the resilience of everything pm here, other than some of the more beaten up names being sold for tax losses, most of the shares and the metals are holding up OK.
Low Prices Cause Lack Production. High Prices Cause Over Production. Stable Prices Cause Stable Supply and Demand
Oil-rich Venezuela is out of gas. So how’s that US Dollar value and futures market pricing working out for ya..
So … how’s that socialism working out for ya?
Oil-rich Venezuela is out of gas
“Gentlemen: There is no more gasoline in Venezuela. In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils,” said Iván Freites in a televised press conference. Freites is the secretary of the professional and technician division of the United Federation of Venezuelan Petroleum Workers.
In his address, Freites said that poor management led to the stoppage of 80 per cent of the country’s refineries. “Only Amuay and Cardón refineries are operative and that is nothing. They produce 40,000 barrels per day and the national demand is over 200,000 barrels of gas per day,” he said.
Bitcoin Continues Dropping After Entry Into Futures Market, Handy Media Explanation, South Korea Says Exchange Closures Are POSSIBLE
(Copper News AP) December 28, 2017.
Bitcoin Continues Dropping After Entry Into Futures Market
Do not believe or take for granted anything the fake news media says. Note words potential, and possible. The Media always comes up with some cockamamy reason for every move in every market, even the Gold and Silver market.
Note: Propaganda is possible.
Sitting on the shares early
looks like they may sit on NEM and GG today.
USD pretty weak.
I’m with Winedoc, 1300/17 finish to the year would be great.
Coffee Time
Would be nice to close out the year above 1300/17
Just saying
Happy New Year friends
Winedoc
Morning Portugeezer
I watched a little of that Aaron Mate interview before I had to leave. The clown from the Guardian could give no evidence but kept saying “you have to understand”.
I think we would understand if he actually made sense instead of pushing his preconceived narrative.
Libtards have some serious mental illness.