Posted by newtogold
@ 19:38 on January 23, 2019
A friend mentioned Nick Hodge from his Wall St. Underground profit letter. He mentioned a mine in Stibnet in Idaho that is awaiting approval from EPA. Says the stocks will go up 3000%. Thru some investigation found he was talking about MDDPF- Midas Gold. They have a property in Idaho which is about to get approval. Anybody heard anything about this? Any thoughts about the possibilities with this propery and is it worth investing in now at around .70 a share?
Posted by Buygold
@ 18:47 on January 23, 2019
Golden Cross Identified In Gold
Market technicians use a multitude of moving averages in terms of’ the time cycles. These can vary from extremely short averages of three, seven or 10 minutes in length. Daily moving averages analyze long-term cycles and look at market momentum in terms of the big picture and long sustained moves.
In the case of looking for long sustained moves, the standards include a 50-day moving average, which indicates the intermediate or short-term trend of a stock or commodity. A 200-day moving average to indicate the long-term trend of a stock or commodity.
One of the more important technical patterns which market technicians are constantly looking for is when a cross occurs between two different length moving averages. When a longer-term moving average crosses below a shorter-term moving average it is called a “death cross”. This pattern is considered a bearish breakout which indicates that the market has been in a defined downtrend and has now broken with more momentum indicating a further decline in price.
When a shorter-term moving average crosses above a longer-term moving average it is labeled as a “golden cross”. This bullish breakout pattern can be created when any two different length moving averages have the shorter-term average crossing above the longer-term average. Most importantly this pattern indicates bullish market momentum.
Posted by ipso facto
@ 18:01 on January 23, 2019
Gonna be a lot more trouble before it gets better! Maduro could save a lot of lives by moving to Switzerland now.
Posted by goldielocks
@ 17:45 on January 23, 2019
Hope it works out. Venezuela has been having economic problems for awhile.
Posted by ipso facto
@ 17:11 on January 23, 2019
Brazil’s Bolsonaro joins several S. American states in recognizing Guaido as Venezuela’s acting head
Brazil and seven other South American countries have recognized Venezuelan opposition leader Juan Guaidó as the country’s interim president, following the lead of the United States, Canada, and France. Mexico and Bolivia declined.
Brazilian President Jair Bolsonaro tweeted that “Brazil supports politically and economically the transition back to democracy and social peace in Venezuela.”
https://www.rt.com/news/449537-bolsonaro-recognizes-venezuela-guaido/
Posted by silverngold
@ 17:06 on January 23, 2019
Posted by goldielocks
@ 16:13 on January 23, 2019
US and Canada should of held off recognizing the self appointed Venezuela president. I’d bet on the side he’s gonna be trouble. Socialism leads to economic collapse that leads to dictatorship that goes from bad to worse. From mowing people down in the streets to Hitlerism. History repeats. Is this guy even qualified to run a economy?
Now he just announced he’s snubbing the US. He’s ordered out all US citizens within 72 hours. Out of the fire into the frying pan. Can’t not help feeling bad for the people and their children who’s hospitals are filled with starving babies. But they vote for them.
Posted by Maddog
@ 16:10 on January 23, 2019
Amazed BBC covering it, are they wearing black armbands, along with sombre music ??????
Posted by Richard640
@ 15:59 on January 23, 2019
Kass: Market Continues To Underprice Risk
“The world’s economy is growing more slowly than expected and risks are rising.”
– Christine Lagarde, IMF Managing Director
The recent market rally, which I had expected, has not surprisingly overshot many observers’ upside expectations.
A possible explanation for the market’s extreme moves in the last two months or so is likely market structure in which the dominant force in the market (passive investors) worship at the altar of price momentum and are increasingly agnostic to balance sheets, income statements and “intrinsic values.” Indeed, in a market dominated by ETFs and quant trading (structured to “buy higher and sell lower”) and in which there is nothing like price to improve sentiment — investors seem to be ignoring the market’s shaky fundamental foundation.
The three core reasons to be bullish (and my responses) seem to be:
1. A more dovish Federal Reserve – I continue to believe the Fed, facing a disappointing domestic economy, will cease rate hikes in 2019. While many see this as positive, I think it reflects slowing growth. And with federal funds at only about 2.5% there are few monetary tools to stimulate growth going forward.
2. Confidence with regard to global economic growth – This view is unjustified based on high frequency economic data in the U.S. and by weakening growth in Europe and China. (See the quote from IMF’s Lagarde above) Even if interest rates are not increased, I don’t see it as a factor that will even stabilize U.S. growth. My baseline expectation is for +1% to +2% first half U.S. growth and a negative print in this year’s second half based on restrictive Fed policy (Quantitative Tightening), untenable debt loads, the widening national debt, political turmoil and a lapping of fiscal stimulus. The chances of a rate cut are increasing for this year (See my 15 Surprises for 2019).
3. The improving prospects for a resolution of our trade dispute with China – Over to my right, Jim “El Capitan” Cramer makes the case (which now seems to have become consensus) that China’s economic weakness improves the chance of a negotiated trade compromise with China. This is something I strongly disagree with – as I wrote in mid-January, 2019 in “An Optimistic View of Trade Talks With China May Not Be Justified”:
https://www.zerohedge.com/news/2019-01-23/kass-market-continues-underprice-risk
Posted by Maddog
@ 15:50 on January 23, 2019
When we go up 300 pts and then down to -100 we shouldn’t see it snap right back like this, but it seem to happen all the time.
U called it ‘someone’ sure doesn’t want it to ever get any traction to the downside….the first 3 hrs stank…then nothing but bids ?????/ go figure.
Posted by treefrog
@ 15:04 on January 23, 2019
people starving, army mutinying, masses take to the streets in caracas, opposition leader swears himself in as interim head of state, U. S. recognizes… the pot is coming to a boil in venezuela
https://www.miamiherald.com/…/nat…/world/americas/venezuela/
https://www.aljazeera.com/topics/country/venezuela.html
https://www.bbc.com/news/world-latin-america-36319877
lamestream U. S. media? crickets…. “maybe if we ignore it long enough, it’ll go away…”
Posted by Buygold
@ 14:55 on January 23, 2019
just for an effing change in the pm sector
Posted by Buygold
@ 14:35 on January 23, 2019
Sure seems like someone is always coming in with a stick save. When we go up 300 pts and then down to -100 we shouldn’t see it snap right back like this, but it seem to happen all the time.
Posted by goldielocks
@ 14:26 on January 23, 2019
Yeah and the election of Trump will be all for not when the left succeeded in over throwing the government and undo all his work to MAGA. The clock will strike 12 on Cinderella will go back to a abusive house someone stole under her because no one did anything to stop it. China will be the next power still stealing from us and America will be its debt slave who will be sending their kids to work in inner city’s for a dollar a day. Hey but the identity politics on the left will be happy until the food runs out.
Pelosi and her evil left does not own the WH. WE do, and most are gonna sit back and let their plan to steal our inheritance with the help of the corrupt systems swamp and let it happen.
If this isn’t a argument for term limits nothing is.
Mean while these the end is near propaganda is gonna lead most people on the wrong side of the trade as usual.
Posted by Maddog
@ 14:23 on January 23, 2019
Todays sell off was fast and furious….typical 3 rd wave action….yr chartist may well be right,
Though my wave counts, say we did 3 down from Top, for an A wave, then did a small 5 waves up and are now correcting that in what shud be 3 waves, that could easily see 2500 or less on S&P.
But as ever with E wave…it is only really clear,…afterwards….but what does look pretty clear….this is a real Bear now and he is very much only a cub.
Posted by Richard640
@ 13:57 on January 23, 2019
If this wave count is correct we are about to see a level of rage we’ve never even contemplated in our lifetimes. Waterfall crash with three failed counter-trend rallies at multiple degrees of trend. Now at third wave down at all degrees of trend.
http://ponziworld.blogspot.com
The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
Posted by Maddog
@ 13:45 on January 23, 2019
Posted by ipso facto
@ 13:24 on January 23, 2019
Venezuela’s Guaido declares himself president, Maduro under pressure
CARACAS (Reuters) – Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, while hundreds of thousands of Venezuelans poured onto the streets to demand an end to the socialist government of President Nicolas Maduro.
In a statement minutes later, U.S. President Donald Trump recognized Guaido as Venezuela’s legitimate interim president.
Demonstrators clogged avenues in eastern Caracas, chanting “Get out, Maduro” and “Guaido, Presidente,” while waving national flags. Police fired tear gas to disperse protesters in several areas. A rally the night before left four people reported dead, an echo of tumultuous riots two years ago.
https://www.reuters.com/article/us-venezuela-politics/venezuelas-guaido-declares-himself-president-maduro-under-pressure-idUSKCN1PH08T
Posted by Maddog
@ 12:48 on January 23, 2019
Ur right exactly the same in the UK, the loseing side will not accept that they lost, on Brexit.
Where the two also have commonality…Soros backed the losing sides !!!!!
Posted by Buygold
@ 12:40 on January 23, 2019
silver too
Ridiculous action in the metals with the USD down
Posted by Ororeef
@ 11:59 on January 23, 2019
Trump and his supporters won….! The opposition refuses to abide by the results of that election in supporting the winner of that election and his agenda….
The next election should exclude all those that refuse to abide by the last election ,why should Trump supporters be disenfranchised now and then opt for another election .?
Why have another election at all when you cant win ? The democrats should be barred from voting again because they voted in bad faith .The Republicans should hold an election without them..
The same shit happened in the British election on Brexit didnt it ? Why have elections at all if one side dosent honor the results? EXCLUDE them from the next election because they didnt abide by the last election ,Why intrust them with the power to vote.They lost their right to vote because of their deception and refusal to vote in good Faith. Ban them and vote without them.That will teach them that elections have consequences if you vote in bad Faith.Let them wait for two more years before they can vote again ! Then they will vote in good faith and abide by the results or be banned for another two years. Are the Republicans so stupid that they can only lose an election if it goes either way ? Heads I win,Tails you lose ? Stupid is as Stupid does ….Cancel the next election until two more years have passed to teach them to vote in good faith or lose your right to vote ! The President can DECLARE MARTIAL LAW for two years !
Posted by Buygold
@ 11:28 on January 23, 2019
Back to going against the SM, maybe that’ll be a good thing?
USD has rolled over so I’m hoping the punters will turn pm’s up on the day.
Posted by ipso facto
@ 11:11 on January 23, 2019
Thanks I’ll check it out.
Maybe we turn this thing around today.
Posted by Maddog
@ 11:09 on January 23, 2019
Re Club Med Bonds……Throughout the EU, Pension funds are forced by law to hold large percentages of their portfolio in ‘Highly Liquid’ instruments….aka Sovereign Bonds….. needless to say all the funds are screwed, but the auditors are all crooks as well…so no-one worries.
Posted by Maddog
@ 11:03 on January 23, 2019
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