Looked in on Thirdeyes. Yikes
COPPER
Rick’s Pick for Tuesday
$HGZ16 – December Copper (Last:2.5570)
Doc Copper’ is widely viewed as being able to predict upswings and slumps in the economy of manufacturing and real goods, so we should want to get this one in particular right. The post-election rally in Copper futures is on track for putting up one of the strongest months in the past decade. Buyers have retrenched somewhat in the last few days, but are they spent? This is unlikely in my estimation, since the rally has already generated a robust ‘impulse leg’ on the monthly chart, surpassing the two labeled peaks (see inset) we require. Under the rules of the Hidden Pivot Method, this specifically implies that any pullback short of the 2016 low, 1.9355, is merely corrective and should be viewed as a consolidation for a second, powerful leg up.
It would be more bullish still if, before November ends, the already impressive price bar for November extends above 2015’s high, 2.9610 (labeled #3 in the chart). It would require less than that, however, to trip a long-term buy signal. A print at the green line (2.7841) would do the trick, while also calling for a more bullish bias on trades in various time frames ranging from intraday to daily, weekly and monthly. A $5.33 target would be theoretically in play at that point, raising at least the possibility that the commodity sector as a whole is in for some very significant inflation. This goes directly against forecasts that I’ve stood by for years, including a fall in long-term interest rates to under 1%. As such, I will continue to monitor copper’s charts very closely, since, at the end of the day, I will need to trust what they are saying more than I do my gut instincts. This doesn’t mean I’m about to recant my deflationist views any time soon, only that I am obliged by the technical evidence to keep an open mind.
WE NOW HAVE DEMOCRAT RADICAL TERRORISTS
to deal with ..the only difference between them & their Islamists MENTORS is going to be …they have to deal with Trump and not with a WUSS like Obama and the Girley like boys from the Clinton team.
LA & CHICAGO RADICALS will become TERRORISTS because thats what they have learned from Obama & Clinton foreign policy. which has its origins in UNION tactics going back to HOFFA and his thugs ….”Give us what we want or we burn the place down ” tactics…
Putin , Trump ,& Farage
are planning a PEACE in the Mid East that stops the missals that Obama & Clinton put on Russias borders aimed at Russia and in exchange Putin joins with Trump to defeat the Clinton supported ISIS and other Islamic Radicals …and restores the Orthodox Russian Christian Church back into a position where it can push back the Muslim Radicals with Russias help. The threats & assaults on Russia coming from the US will STOP and PUTIN helps to defeat ISIS and stop the carnage & Refugees coming from SYRIA ..
The whole mid -EAST crisis entirely was the Fault of OBAMA & CLINTON policies against Russia ! Thats what is behind that whole mess. Trump ,Putin & Farage have a Peace PLAN… thats my story & Im stickin to it !
OK Numerologists, riddle me these…deuces wild?
HANG SENG INDEX (^HSI)
HKSE – HKSE Delayed Price. Currency in HKD
CBOE Interest Rate 10 Year T No (^TNX)
Chicago Options – Chicago Options Delayed Price. Currency in USD
Hate peddler M Moore threatens to ruin Trumps inauguration
He is a white version of Sharpton. Hope they arrest the clown and put him in a cell with a bunch of criminal illegals.
http://dennismichaellynch.com/michael-moore-threatens-ruin-inauguration-day/
Stupid is as Stupid does
Sanctuary cities LA,Chicago have adopted a resistance and rebel attitude toward trump even though they KNOW Trump is going to cut off FUNDS to them ..They dont CARE how much their people get HURT as long as they can say TRUMP did it !
They think he will get blamed ..they dont CARE AT ALL who gets HURT who gets FUNDS cut off as LONG as they can say TRump did it ! DEMOCRAPS .If LA & CHiCaGO want to go that route ..Trump can say ,just like Bush, did during Katrina …Fuck em ..they didnt vote for me anyway ! Domocraps dont care about their own people ..all they are interested in who gets the blame !….In the mean time LA & Chicago are going to suffer a long time …..4 years because their leadership the Democraps dont give a shit about them as long as they can put political blame on Trump …Nice going LA & Chicago your going to get what you deserve ,not from Trump ,but from your own….
The Neocons must be going nuts! We need enemies!
Read the article. What would happen if peace actually broke out?
Putin Calls Trump To Congratulate President Elect, Renormalize Relations
Winedoc
In calif that’s not all law abiding have to load up on. The nanny state passed the background check for Ammo on every purchase. So you buy a 20 dollar box of shells you’ll have to pay a extra 50 to the back pockets of the fat cats and wait 2 weeks to get it.
Farmboy @ 16:15. I too see a turn upwards coming for the PM mining stocks, and the physical.
In addition to the hope you expressed at 16:15 regarding the seasonal charts, it seems to me it is important also to have faith in longer term trends for the PM market. For me, Michael Oliver’s essay on King World News gives a useful perspective for the longer-term picture. Best to you, and here’s hoping you are as optimistic about the longer term view for your silver maples as I am.
Michael Oliver – Here Is The Big Picture For Gold After The Takedown
Good Job Winedoc !
One of my local dealers is holding some Maple Silver for me. Says business has been quite brisk last couple weeks after a very slow summer season. He is also holding a couple 1800 era gold buffalos. Gots 30 days to raise the funds to bring em home with me. We’ll see?
Happy Hour ?
Apple Peelers on the way !!
Though the CDN price was still a bit high
Why Americans are not loading up in USD terms is beyond …….
Winedoc
Well, Some of the Bleeding Slowed Today,
3 of my four ponies made the turn and ended up in the green today. Perhaps the worst is over ?
Hoping those seasonal charts still hold some value and we begin the climb for ground loss.
US Dollar ETF symbol UUP
This chart with that high volume bar today might be suggesting a blow-off top, or turning point. Take a look at the other high volume bars all right near turning points.
Maddog @ 13:01 Well Golly Maddog, What The Hell Do You Want Me To Do With These Snowflakes ?!
Course now, there is this one idea…I’m not sure they have enough tissues for em? Maybe Buygold would be willing share from his inventory? If Wanka would be willing to give up one of his naps and give these Soros spawn a few lessons? Hey, I hear colleges are giving out coloring books for stress relief therapy. Snowflakes, damn flag burning bunch of girlie men. Somebody ought to slap their parents. 🙂
Richard640
Re Draghi Bonds
I dread to think the true Mark to Mkt valuation of all those Bonds Draghi has bought and u can guarantee that every one was bt by the likes of GS/DB etc and then turned to Draghi/ECB at a nice haircut. At one stage they ran out of eligible bonds, he was buying so much and had to go to damn near Junk ones !!!!!!
The old men of Buba must be tearing their hair out, as Germany is on the hook for all of that crap…..
Is it Charlie Brown trying to kick the football once again
with Lucy pulling it away once again? It is starting to look that way. How bout giving us a break for once Lucy? Can’t watch , must go outside and do something productive like rake up some leaves. See what happens by 4:00PM. Will Charlie finally get even a small piece of that football? Maybe someone can conk Lucy on the noggin just as she is pulling it away this time? A guy can dream right? Hoping not to use my selling strategy tomorrow.(really don’t want to).
Frostbite @ 14:03 on November 11 re PMs, like 9-11, fear, free fall, and dust.
I thank you for that comeback, and try to ignore the free fall after the election. Its all non sense, an irrational emotion and an over reaction to an assumption of the future might be, WITHOUT being there yet.
I’m looking at the strong dollar lately, as if all the foreign countries KNOW their prosperous past will be coming to an end after Trump gets in, so they have been devaluing their currencies big time take get as much wealth as possible FROM the USA before the cut off.
Like panic buying or refinancing real estate before rates go up. Or sneaking over the border before the “wall” goes up. When Trump gets in, SOMEBODY will drop the dollar hard and fast because the it’s totally impossible for the USA to get great again with a strong anti USA traitor dollar.
When Brexit took hold the Pound dropped like a rock. I’m thinking when USA “brexit” starts the Dollar will fall. Maybe by a tremendous amount. All import prices should skyrocket. Making them undesirable.
The flight to safety=bonds!=Belgian ‘Century’ bonds are down almost 30% in 3 months!
Remember all those super-long-duration bonds that every Tom, Dick, and Henri bought with both hands and feet earlier in the year? Headlines roared of “six time oversubscribed”, or “four times oversubscribed” as Draghi and his entourage ‘guaranteed’ to keep everything profitable – whatever it takes. Well, things have gone a little disastrous in the last few days as Irish and Belgian ‘century’ bonds, Austria 70 year, Italian and Spanish 50 year bond prices are collapsing.
Oreef
Re Morgan Stanley…beg to differ…..I see very little mkt action that says it knows what Trump will do.
Only more silly Scum moves, which are beginning to burn out….Who he appoints is key…so far he has stayed the course, so who ever will be Treasury Sec, will not be Fall st’s friend…….we wait in hope.
Whoever he appoints will have a Herculean task, as from the previous post, few of the bureaucrats will work properly…..I don’t envy him.
Posted by Ororeef @ 6:47 re The States got themselves in that mess
Actually no. I blame the people that live in each state. They (public service tax absorbers) just raised wages to keep up with inflation, which is logical if you can “get away with it”.
Their PROBLEM was, the wages of their tax PAYERS did NOT keep up with inflation, because of our pro global pro foreign anti American Federal Gov’t, and the promoted use of FOREIGN labor for consumer products, which “they got away with” big time….
Because most Americans gleefully accepted it, (high quality cheap imports) because most Americans were NOT employed in the manufacturing sector, nobody cared about the country, and most Americans only cared about themselves, about their house yard and immediate neighborhood.
The leaders of each state, and the citizens, should have KNOWN better, and use local media campaigns instructing locals but as local as possible, and to boycott any and all foreign made imports.
Bottom line. The PEOPLE screwed themselves, and the entire country by not being patriotic and organized to protect our country’s prosperity and tax payers. When you stop at a traffic light, look around yourself, and see how many unpatriotic people there are compared to the patriots in Fords Chevys and Dodges.
The only way for patriots to prosper and ENJOY imports is if there was a big fat tariff on each one, instead of a currency and tax induced DISCOUNT.
NYT: ‘Vibrant Washington Fears Trump Will Drain Its Culture’
Others around town signed up for free tension-relieving sessions at yoga studios, or meditated on emails from their progressive rabbis reminding them of the Jewish mantra “Od lo avda tikvateinu,” or, “We have not yet lost our hope.” Reports abounded of federal workers and nonprofit employees crying at their desks, scanning the web for out-of-town rentals or accepting the free hugs on offer in Farragut Square.
Farmboy….what have u done to yr people !!!!!!
The Trump effect
All ASIA stocks moving opposite to DOW !
Lunch Break
Couldn’t buy apple peelers friday due to Remembrance day
Cant buy today because of “technical problems” at Scotia
…….. How do you like them apples ??
Winedoc