Loading ...of misery, dollar down a little – no help
Remember those potential breakouts for WPM and MUX? Gone
The FED is creating a WATERFALL ! end the FED ! Stop raising RATES !
It was over three years ago that Ray Dalio first proposed his 1937 analog. After the presidential election, he refreshed it in the context of growing global populism so that it looks like this:
- Debt Limits Reached at Bubble Top, Causing the Economy and Markets to Peak (1929 & 2007)
- Interest Rates Hit Zero amid Depression (1932 & 2008)
- Money Printing Starts, Kicking off a Beautiful Deleveraging (1933 & 2009)
- The Stock Market and “Risky Assets” Rally (1933-1936 & 2009-2017)
- The Economy Improves during a Cyclical Recovery (1933-1936 & 2009-2017)
- The Central Bank Tightens a Bit, Resulting in a Self-Reinforcing Downturn (1937)
And if these fundamental parallels weren’t enough, we now have a rather interesting price parallel to consider. The correlation between the S&P 500 over the past four years (black and white candles in the chart below) and the four years leading up to the 1937 top (blue candles) is roughly 94%. As I have suggested in the past, price analogs are not very valuable on their own but when the fundamentals also parallel closely they become far more interesting.
When they tried this scam with Lyndon Johnson ,he grabbed the Fed Head and threw him up against the wall……
The FED is looking to protect the Money Lenders ..not the public…Thats WHO they ARE !
Sinn: Twilight Of The Euro?
https://www.zerohedge.com/news/2018-07-30/sinn-twilight-euro
Professor Sinn is a monetary God, to many in Germany….his warnings resonate and Merkel deliberately ignores him.
Summer Slump
The Kilauea summit crater continues to slump and cave in, spreading to most of the larger caldera rim. Daily 5.4 earthquakes as more ground subsides. For scale, you can see a road in the lower right that leads up to the USGS Observatory and the Jaggar Museum, now abandoned. There is a three-tier parking lot to the right of the building complex.
This has to qualify as the world’s largest sink hole! Scary because it is falling from underneath. Makes you wonder how large the magma cavity is below this.
FWIW
Hedge Funds’ Big Short Could Be Fool’s Gold
Investors haven’t been this bearish for years. Are they wrong?
For all that, there’s reason to think a corner could be approaching. It’s always darkest before the dawn, and extremely bearish positioning often heralds a turn north: Comex copper broke a six-week falling streak last week, just after funds built their biggest net short since Trump was elected.
It’s worth looking at the calendar, too. After January, August is arguably the most consistently bullish month for gold. Last year, spot metal rose 4.1 percent during the month. In both 2016 and 2017, ETFs added about 4 percent to their holdings over the three months leading up to the Hindu Diwali festival at the end of October, a traditional period of gold-giving.
On top of that is the currency factor itself. The dollar index fell Friday after the GDP report underperformed some of the market’s rosier expectations. The meeting of the Federal Reserve this Wednesday is almost certain to keep rates on hold before raising again in September, based on market pricing. Chairman Jerome Powell’s statements that he’s more worried about lower than higher inflation in remarks to Congress earlier this month suggest he’s happy to let the economy run hotter before pushing rates up much further.
Don’t Give Up
Spot gold is at its lowest levels in a year. But the end of July is often a turning point
https://www.bloomberg.com/view/articles/2018-07-30/hedge-funds-big-short-could-be-fool-s-gold
Rush
I heard he’s getting worse. Attacking millennials driving them away from the right with his rhetoric.
I stopped listening to them. They either lost touch or never been in touch with the real everyday working class Americans It’s all about sensationalism and listeners.
Kunstler is amusing today … not very PC there Jim. :-)
snip
Had enough reverse racism? I know I have. All this howling about the horror of the white patriarchy. It will be interesting to see how the world gets on when that force of wickedness is finally vanquished. No more annoying string quartets, tedious dental implants, boring brass bushings, or hopeless theories of surplus value. Thank God for that. The unburdened public can finally give its full attention to hair care and dieting. When women and people-of-color fill all the seats in congress we can look forward to the glorious day when the USA is run as well as Baltimore.
deer79
Let’s hope the move turns out to be the best thing since sliced bread! 🙂
Thanks ipso
On the surface, looks to be a further dilutive transaction. Oh well…..
I have difficulty explaining how it works ! because of its a relativity thingy.The upswing may be large or small ,it just identifies bottoms
Its like saying BUY when theres blood in the streets…..Its overlaid on a RENKO Japanese style chart that filters out small moves. Similar to a point & figure chart. You said it yourself “its relatively cheap”..
Ororeef–thanks! Thats good to know—Buygold–yeah, I’m not surprised at the action
we’ve had days recently when the $ was down .600–.700 and gold was down too…like I said, it was price only that made me take a stab here…and…I haven’t traded in a long time…I’m not risking any serious money on this loser…
Richard 640
My Gold Ratio charts told me you bought at the bottom..How long it takes to move ? I dont know ?
I borrowed technique from Pierre Lassonde that compares the Dow to Gold,except that I compare every stock the same way and I find spikes in gold that relative to individual stocks show bottoms in the stock very clearly…
The technique also is useful for etf’s and indexes.Its very good at defining bottoms in individual stocks..!
Good luck to ya R640
I honestly can’t believe there isn’t even a minimal bounce especially given the USD weakness.
Like I said – good luck.
deer79 and Goldie … There’s the news … Aurcana may becoming an acquirer
Aurcana Announces Transformational Transaction
https://ceo.ca/@nasdaq/aurcana-announcestransformational-transaction
gold vs USDX
looks like the long gold, short usdx people are doing well today with most of the heavy lifting in the usdx. the grain market is moving higher with wheat leading the way.
rno
Buygold-I’m renting for 5 trading days 10,000 JNUG [$123,600] for less than one percent of their value–WTF, I hardly ever see JNUG calls
of any strike or duration this cheap-I think I can handle the action…bought 100 Aug 3 $13 calls for $1000
FilledBuy to Open5JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18
***********
FilledBuy to Open20JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18—
FilledBuy to Open20JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18 —-FilledBuy to Open8JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18—– FilledBuy to Open7JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18—– FilledBuy to Open20JNUG Aug 03 2018 13.0 CallLimit0.10 12:53:43-07/30/18 ——-FilledBuy to Open20JNUG Aug 03 2018 13.0 CallLimit0.10—-12:53:43 07/30/18
Ipso
Ps I’m more concerned with what’s going on in the swamp and Mueler and cohorts. How low they will stoop on issues like sex peddles wanting money because nobody cares what happened 10 years ago.
It’s all a push back on their illegal fake dossier insurance policy if Trump won to get the focus off them. Then it’s oh you can’t fire me cuz it would be obstruction when there’s no charges or evidence. How about conspiracy and aiding and abetting with Killery. How funny they talk about obstruction when they helped crooked Hillary destroy evidence.
Moods aren’t good people getting seriously pizzed off.
When Will This Boredom End???
This crap has been going on since 2014. When the dollar was on 80. Now its still in the 90s.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Gold since 2014 but 2016 uptrend still looks ok.
Ipso
Think I had only 500.00 in it but 500 or 5 many of these pms think their stocks are there to use for their own personal bank account.
Under regulated till something happens. Looks like it was halted, they didn’t halt it due to reporting issues.
goldielocks
Re: AUN.V. I haven’t owned it for a long time, big disappointment! Hopefully the people still holding it get some relief.
Ipso 11:01
Hopefully that’s all and they’re not going to delist or pull a name change with a 100/1 reverse split.
deer79 @ 10:50
Likely a take out. Those guys need new management!