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DrBubb's Diary - Feb. 2017 Trading - v.97


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Trump and Putin can Save the World from Globalism

 

Aleksandr Dugin: Trump Is The Rebirth Of America

 

Published on Feb 7, 2017

Alex Jones talks with Aleksandr Dugin about Donald Trump and how Trump is the rebirth of classic Americana.

 

"Atlantean versus land-based civilizations"

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(received by email):

 

Why It Feels Like the Dot-Com Bubble All Over Again

. . .

It comes from Joseph J., a subscriber to The Casey Report:

I read today’s newsletter (Trump Should Be Careful What He Wishes For) with great interest. In it you stated that “U.S. stocks are incredibly expensive…” But my question is: Based against what? We are in uncharted territory, and every single newsletter writer that I have asked this question of has failed to provide an answer. Perhaps you will be different.

. . .

Everyone has their preference. A lot of folks use the price-to-earnings (P/E) ratio. Other investors look at a company’s book value or cash flow.

We prefer to use the cyclically adjusted price-to-earnings (CAPE) ratio…

This ratio is the cousin of the popular P/E ratio. The only difference is that it uses 10 years’ worth of earnings instead of just the previous year’s.

This smooths out the up and downs of the business cycle. It gives us a long-term view of the market.

Right now, the CAPE ratio for companies in the S&P 500 is 28.4. That’s 70% higher than its historical average. U.S. stocks haven’t been this expensive since the dot-com bubble.

This isn’t a good sign.

As you may remember, the S&P 500 fell 41% from 2000–2002. The Nasdaq plunged 78% over the same period.

But the CAPE ratio is just one way to value stocks…

To prove we’re not cherry picking, let’s look at some other metrics.

First up, the price-to-sales (P/S) ratio. This ratio is just like the P/E ratio, but it uses the previous year’s sales instead of earnings.

According to credit rating agency Standard & Poor’s, the S&P 500 currently trades at 2.02 times sales. That’s 40% higher than its historical average, and the highest level since at least 2000.

Clearly, U.S. stocks are more expensive than normal. But that’s not even the main reason investors are nervous about them.

U.S. stocks seem to have lost touch with reality…

. . .

Since 2009, the S&P 500 has surged 239% to record highs. That makes this one of the strongest bull markets in U.S. history.

During that same span, the U.S. economy has grown just 2% per year. That makes the current “recovery” one of the weakest since World War II.

In short, Main Street hasn’t kept up with Wall Street.

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REAL Action at Last?

 

FBI Analyst Says, High Level Pedophile Arrests Coming Soon
Published on Feb 7, 2017

If anyone had any questions about Donald Trump’s commitment to doing God’s work on earth – and especially here in America – wonder no more.

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KITCO: Gold back in favor

 

Gold Prices Continue to Surge Kitco News 05:49PM

Gold up again, China Buys, and OPEC Lies MarketSlant.com 08:03AMxx
Druckenmiller Back In Gold As Economic Risks Grow Kitco News10:52AM
=== ===
gold_feb8.png

Professional money managers have been quietly accumulating gold positions. The last seven weeks have certainly got the attention of many professional traders. According to Friday’s CFTC’s COT report (Commitment of Traders), there has been a substantial increase of long positions initiated by professional money managers.

In an interview yesterday for Bloomberg News, Stan Druckenmiller mentioned that he has been buying gold after liquidating his long positions immediately following last year’s presidential election. He also revealed that he began to accumulate long gold positions in late December and January. It is quite interesting how he was able to liquidate long gold positions at the highest possible point, immediately following last year’s presidential election. And then, he was able to begin to accumulate long positions in gold precisely at the bottom in December.

. . .

“It could go as high as $1,300 but I still see one more shot to the downside.”

Gold prices are trading higher Wednesday as investors continue to seek safe-haven investments in an environment of low yields and growing geopolitical uncertainty. April Comex gold futures settled the session at $1,239.50 an ounce, up 0.28% on the day.

Last June, gold prices rallied ahead of the Brexit referendum, which resulted in the U.K. voting to leave the European Union. The growing uncertainty leading up to the event saw gold prices rally for eight out of nice consecutive trading sessions, to finally pop on the day the referendum results came out.

According to Bubba, there is potential for gold to see a Brexit-type repeat. “There is fear and of course the war on cash is helping gold too,” he said.

. . .

g2.71_0.png

Tuesday, in an interview with Bloomberg, billionaire investor Stanley Druckenmiller said that he started buying gold in December and January.

“I wanted to own some currency and no country wants its currency to strengthen,” he said in the interview. “Gold was down a lot, so I bought it.”.

... analysts are expecting that gold’s renewed momentum, which has driven prices above their 100-day moving average at $1,231 an ounce, will to prompt funds to aggressively buy. Many analysts are expecting prices to rally to $1,250 an ounce in the near term.

. . .

Technically, April gold futures prices closed nearer the session high and hit a nearly three-month high today. The gold bulls have the overall near-term technical advantage and have momentum on their side. Prices are in a six-week-old uptrend on the daily bar chart. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,265.00. (= about GLD-$120). Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,210.00. First resistance is seen at today’s high of $1,246.60 and then at $1,250.00. First support is seen at today’s low of $1,231.30 and then at $1,225.00. Wyckoff's Market Rating: 6.0

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Next Stage of Huge Bond-Bull Kicking-Off?. (For 02/08/17)

Things are looking up for Treasury Bonds

Bonds tend to run with Gold

 

TLT / Bonds... 6-months : 2-yrs : 3-yrs :

TLT-3yr_zpsoyrfzntu.gif

 

GLD / Gold ... 6-months : 2-yrs : 3-yrs :

GLD-6mos_zpsreltn3vd.gif

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YET ANOTHER Failure to Communicate (this time, from Netflix)

 

Netflix Gets Totally Hammered for "Dear White People"

 

Who is Netflix appealing to?

Do they really think there are "clueless white people" who will like this stuff?

 

Now up to 65,500 Dislikes (30%+) of 214,000 views

Dear White People | Date Announcement [HD] | Netflix

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Checking out the SPY - Jan. $230 Straddle

 

$230 Call ($11.46) + $230 Put ($14.13) = $25.59

 

$230 Call / SPYA19183230000... update : Last = $11.46

SPY-jan230C_zpsus03onkq.gif

 

$230 Put / SPYM19183230000 ... update : Log : Last = $14.13

SPY-jan230P_zps1y9wzkjz.gif

 

VIX / Volatility ... update : Last = 11.45%

VIX-12mo_zpsnezbgnl9.gif

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This Is Not A Drill! The Economic Crisis Will Start This Year & Last For 5 Years:Clif High

 

Published on Feb 8, 2017

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STRADDLES are cheaper at higher prices... in this present market

 

After yesterday's : +0.59% rise in SPY to $230.60

 

SPY-- ... update : last: 230.60 + 1.36 / VIX: 10.88% on short dated options

Volume: 59,270,013 (not heavy)

 

SPY-12mo_zps568noy4w.gif

 

SPY Straddles ---------------------------------- = Pct x Sqrt(350/365)

Mo.Strike : Calls + + Puts = Straddle /Spy = Pct. : Time adj.= 1yr.Eqv > Imp.Vol: %Call
jan-230/ C: 12.31 + P: 13.42 = 25.73 /230.6 = 11.16% / (0.979) = 11.40% > 14.25% : 47.8%
jan-235/ C: $9.48 + P: 15.68 = 25.18 /230.6 = 10.92% / (0.979) = 11.15% > 13.94% : 37.6%
jan-240/ C: $6.06 + P: 18.27 = 24.33 /230.6 = 10.55% / (0.979) = 10.78% > 13.47% : 24.91%

========

 

If SPY rises by$1.40 to $232.00 to near resistance (expected at $232.5/233),

then the Jan-240 Put may fall by $1.40 x 75%, or about $1 to; $17.30

 

SPY - Jan.$240 Put ... update : last 18.10 - 0.95

SPY-jan240PLog_zpsjjxsvaxw.gif

 

Tony C's comment

 

The market opened higher today, and for the fifth time in two weeks it traded up to the SPX 2298-2301 area. Then it broke out. The rally also carried the SPX past the 2305 level before 11am, eliminating the potential irregular B wave scenario. We then updated the SPX short term charts to display only the count that was posted in orange: Micro 3 of Minute iii underway. Since this should be a third of a third rally, it should act like a third wave. It should not revisit yesterday’s SPX 2285 low. If it does, then the 2321 and 2336 pivots will offer stiff resistance for this uptrend. Short term support is now at the 2286 and 2270 pivots, with resistance at the 2321 and 2336 pivots. Short term momentum hit extremely overbought at today’s high, then ended with a slight negative divergence. Best to your trading!

MEDIUM TERM: uptrend

 

> https://caldaro.wordpress.com/2017/02/09/thursday-update-567/

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halfway into this, RDS has some great suggestions for President Trump

 

Former CIA Case Officer Robert David Steele - A Message to Donald Trump on The Hagmann Report 2/7/17

 

... Especially they relate to how to pbring full transparency to the White Hosue through a Trump channel

"He should make regular fireside chats, as should member of his cabinet, and put them on You Tube"

 

+ He should fire Reince Priebus, and displace Mike Flynn

"Priebus is a traitor, and is there to represent the Republican party"

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"The Most leftwing, overturned Court in the country"

 

Even the Nazi-basher does not like the Appeal court decision

Krauthammer: Court's decision on Trump's order 'disgraceful'

 

The govt's case was inept, put forward by a junior guy... But I don't think he threw it

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Low QQQ Volume a Sign of a Top

Qvol_10MA_Feb2017.gif

February 09, 2017

When investors get complacent, they do certain things. They show up as bullish in the various surveys. They bid tiny premiums on options, driving down the VIX. They put all of their cash to work, letting money market fund levels get down really low. And they trade tiny volumes on QQQ.

This week’s chart looks at a 10-day simple moving average in the daily trading volume of QQQ, the largest of the ETFs which tracks the Nasdaq 100 Index. Low readings like this are associated with investor complacency, and thus with important price tops.

Volume has been trending lower in recent months, so the static thresholds of “high” and “low” employed in the chart may not be ideal. But there is no question that this is a low reading.

One problem with this analysis technique is that holidays like Thanksgiving and Christmas naturally produce low trading volume, which is not a function of how investors are feeling. So one needs to employ at least a mental filter when examining QQQ volume around those days.

==

> More:

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The Video by PJW is sweeping the boards... running the table

 

Conservatism is the NEW Counter-Culture

 

About 60,000 views, and 25,000 Likes ! That is amazing - about 42%!!!

(I have never seen a Like percentage like that. Ever !)

 

He's KILLING IT!

People are fed up to the backteeth with Left wing violence

 

The Truth About the Berkeley Riot

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California in Open Rebellion, as leftwing appellate judges "make law"

 

Trump Press Conference/Democrats Fall For Trump Trap

 

"the downfall of the Democrats... Trump-hatred has blinded them"

 

Time to get angry, and fight back?

Stefan Molyneux at his strongest

 

Court Ignores Law, Affirms Ban on President Trump’s Immigration Restrictions | True News

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TOP of Page Header

 

t24_au_en_usoz_6.gif : idx24_russell_en_2.gif : idx24_hui_en_2.gif :

3d : ag : au

 

Bitcoin : The uptrend continues as money flees China:
=======
Charts: Bitcoins LIVE : BTC:1-year : 4-mos : 10d : Ticks : BtcWisdom : BTC-24hours : PB : aD : aF : aG : sjw :

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: http://tinyurl.com/bts-10d : 6-mos : 12-mos : 24-mos : 32-MOS

 

Bitcoins Price may take another run at the Gold price - Now $1230

 

BTC - 32-months

btc-2017_zpstgjgz00l.png

 

==================

Webbot Explains why 2017 is not 2008 | Clif High | Webbot report.

https://www.youtube.com/watch?v=vcwY0CJ-mF4

 

Published on Feb 7, 2017

Clif High Speaks Out !!!

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Price : (06/26) (12/31) (04/01) Chg %: (07/01) : (09/30) : (12/30) / (01/06) (01/13) : (01/20) (01/27) : (02/03) (02/10)
Gold : 1173.8 : 1060.5 : 1223.2 === >: 1344.9 : 1317.1 : 1151.7 / 1173.4 : 1196.2 : 1204.9 : 1188.4 : 1220.8 : 1235.9 :
GLD : 112.56 : 101.46 : 116.93 ----- z : 128.41 : 125.64 : 109.61 / 111.75 : 114.21 : 115.05 : 113.49 : 116.13 : 117.60 :
GDX : $18.09 : $13.72 : $20.12 ----- z : $29.05 : $26.43 : $20.95 / $22.39 : $22.74 : $23.12: $23.22 : $24.60 : $25.29 :
Ratio: R6.222: R7.395 : R5.811 ----- z : R4.420 : R4.754 : r5.232 / R4.991 : r5.022 : r4.976 : R4.888 : r4.720 : r4.650 (/10.51)
Ratio 16.07%: 13.52%: 17.21% ----- z : 22.62%: 21.04%: 19.11%/ 20.04% 19.91%: 20.10% 20.45%: 21.18%: 21.50% (GDX-x48.9 )
Gdxj: $24.86 : $19.21 : $28.40: ----- z: $45.38 : $44.29 : $31.55 / $35.40 : $36.66 : $37.01 : $36.87 : $39.26 : $41.81 :
Spdr : 706. E : 642.37 : 815.est ----- z : 953.91 : 947.95 : 822.17/ 813.59 : 807.96 : 809.15 : 803.0E : 825.0E : 836.73 = 26.90m
Au/S : R-1.66 : R-1.65 : R- 1.52 ----- z : R-1.41 : R-1.39 : r1.401 / r1.442 : R1.481 : r1.489 : R1.48E: R1.48E : R1.477
TLT - : 115.23 : 120.58 : 130.68 ----- z : 140.57 : 137.51 : 119.13 / 120.86 : 121.31 : 119.94 : 119.63 : 119.00 : 120.76 :
G/Tlt : R10.19 : r8.795 : R9.404 ----- z : R9.567: R9.578 : R9.668/ R9.709 : R9.861: R10.05 : R9.993: R10.26: R10.23 vs L: 8.65
====
AGS : Y3,409 : y3,210 : y3,367 ----- z : y4,157 : y4,209 : y0,000 / y0,000 : y0,000 : y0.000 : y0.000 : y0,000 : y0,000 :17.93
SLV- : $15.11 : $13.19 : $14.34 ----- z : $18.74 : $18.20 : $15.11 / $15.64 : $15.94 : $16.19 : $16.22 : $16.57 : $17.02 :
SLW-: $15.11 : $12.42 : $16.40 ----- z: $24.78 : $27.30 : $19.32 / $20.30 : $20.47 : $21.22 : $21.42 : $22.21 : $22.29 :
SIL*- : $26.43 : $18.51 : $26.50 ----- z : $45.95 : $44.48 : $32.11 / $35.50 : $36.61 : $37.16 : $37.36 : $39.18 : $40.28 :
DBA : $22.71 : $20.61 : $20.50 ----- z : $21.98 : $19.98 : $19.97 / $20.34 : $20.73 : $20.83 : $20.57 : $20.57 : $20.57 :
XLE- : $76.08 : $60.32 : $61.06 ----- z : $68.60 : $70.61 : $75.32 / $75.89 : $74.38 : $74.54 : $74.23 : $73.50 : $73.28 :
Cop'r: $2.641 : $2.135 : $2.170 ----- z : $2.220 : $2.210 : $2.510 / $2.550 : $2.690 : $2.620 : $2.690 : $2.650 : $2.770 :
WTI- : $59.65 : $37.07 : $36.36 ----- z : $49.28 : $48.24 : $53.72 / $53.99 : $52.37 : $53.22 : $53.17 : $53.83 : $53.86 :
CRB : 224.90 : 176.27 : 168.03 ----- z : 194.26 : 186.30 : 192.51 / 193.54 : 194.54 : 194.02 : 193.43 : 193.20 : 194.04 :
Corn : 385.00: 358.00 : 353.50 ----- z : 360.25 : 336.30 : 352.00 / 358.00 : 358.50 : 369.75 : 362.50 : 365.25 : 374.50 :
Wheat 575.00: 468.50 : 474.00 ----- z : 496.25 : 402.00 : 408.00 / 423.25 : 426.00 : 428.25 : 420.50 : 430.25 : 449.00 :
Sugar 11.92c : 15.24c : 15.18C ----- z : 20.78C : 23.00c : 19.51c / 20.75c : 20.52c : 20.18c : 20.33c : 21.17c : 20.42c :
BTC : 250.00 : $433.5 : $420.0 ----- z : $680.0 : $604.5 : $948.5 / $820.4 : $822.2 : $900.0 : $920.0 : 1020.0 : 1008.0 :
B/G.: 21.30% : 40.88%: 34.34% ----- z: 50.56%: 45.90%: 82.36%/ 70.00%: 68.73%: 74.69%: 77.42%: 83.55%: 81.56% /17-98%
====
EEM- : $39.93 : $32.19 : $34.15 ----- z : $34.69 : $37.45 : $35.01 /$35.94 : $3 6.68 : $36.42 : $37.47 : $37.75 : $38.22 :
FXI -- : $46.21 : $35.29 : $33.58 ----- z : $34.48 : $38.01 : $34.71 / $35.75 : $36.57 : $36.29 : $36.82 : $36.63 : $38.01 :
ShCm : 4192.9: 3519.2 : 3009.5 ----- z : 2932.5 : 3004.7 : 3103.6 / 3154.3 : 3112.8 : 3123.1 : 3159.2 : 3156.9 : 3196.7 :
PHM- : $20.48 : $17.82 : $18.42 ----- z: $19.48 : $20.04 : $18.38 / $18.46 : $19.19 : $19.12 : $21.26 : $21.39 : $21.62 :
IYR -- : $72.49 : $75.08 : $77.91 ----- z : $82.33 : $80.64 : $76.94 / $78.41 : $77.10 : $77.43 : $76.97 : $77.50 : $78.53 :
IWM - : 127.50 : 112.62 : 111.12 ----- z : 115.39 : 124.21 : 134.85 / 135.69 : 136.26 : 134.44 : 136.19 : 136.87 : 137.94 :
XLF - : $24.89 : $23.82 : $22.70 ----- z: $22.74 : $19.30 : $23.25 / $23.54 : $23.51 : $23.15 : $23.65 : $23.72 : $23.78 :
XLF/S: 11.86%: 11.68% 10.97% ----- z : 10.83%: V8.92%:10.31%/ 10.40%: 10.36%: 10.21%: 10.33%: 10.34%: 10.27% Warning?
SPY - : 209.82 : 203.87 : 206.92 ----- z : 209.92 : 216.30 : 223.53 / 227.21 : 227.05 : 226.74 : 228.97 : 229.34 : 231.51 :
VIX-- : 14.02%: 18.21% 13.10% ----- z : 14.77%: 13.29%: 14.04%/ 11.32%: 11.23%: 11.54%: 10.58%: 11.37%: 10.85%:
ShPut $06.15 : $6.670: $05.00: ----- z : $02.85 : / Sp210 : $08.30 / $06.65 : $6.50// $21.00 : $20.00 : $19.00 : $17.71 Ja$240p
DXY - : 95.399 : 98.693 : 94.608 ----- z : 95.720 : $95.42 : 102.38 / 102.21 : 101.19 : 100.81 : 100.56 : $99.89 : 100.79 :
H-gold: r12.30 : R10.75 : r12.93 ----- z : R14.05: R13.80 : R11.25 / R11.48 : R11.82 : R11.95 : R11.82: R12.22 : R12.26 R: 11.3-14.2
=====
Gold : 1173.8 : 1060.5 : 1223.2 ==== > : 1344.9 : 1317.1 : 1151.7 / 1173.4 : 1196.2 : 1204.9 : 1188.4 : 1220.8 : 1235.9 :
=====

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Gran Columbia Gold - is the Seller done finally?... (At Last !)

 

C$0.11 : arrow_up_sm.gif +0.015 / Percent Change: +15.79% !!

Open: 0.10 / High: 0.11 / Low: 0.095 // Volume: 2,565,250 !

52 Week Range: C$0.075 to 0.16

 

GCM.t ... update

GCM_zps4fsjvmix.gif

 

Date---- : GCM.t : 7,692 : CAD$ : NotVal : 1% Deb. vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date : TDebt : Shs-OS : MktVal. : Ent.Val. : Gold : OZ's
06/30/16 : $0.100 : 0,769 : 0.773 : 59.44 : $55.00. -------- : $67.7- 06/30 : $65.00 : 103.3 - 05/12 : $171.0 : 157.8m*: C$15.8M: $183.2M/ 1325= 138.3k
09/30/16 : $0.120 : 0,923 : 0.762 : 70.33 : $72.50, 154.0k : $49.8- 09/06 : $91.00 : 102.5 - 09/06 : $152.3 : 277.6m*: C$33.3M: $177.7M/ 1317= 134.9k
12/30/16 : $0.095 : 0,731 : 0.744 : 54.39 : $61.00, 20.00k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$26.4M: $170.5M/ 1152= 148.1k

02/10/17 : $0.110 : 0,846 : 0.764 : 64.63 : $61.00, 625.0k : $49.7- 12/06 : $81.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$30.5M: $174.2M/ 1236= 140.9k

======

 

Presentation: http://s21.q4cdn.com/834539576/files/doc_presentations/01-10-2017-GCM-Corporate-Presentation-January-(FINAL).pdf

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Emotional "brainwashing" in the superbowl - Deconstructed

 

People need to learn how to see through this kind of propaganda instantly

(Females and low-T males are very susceptible to this kind of message)

 

Superbowl Commercial Tries to Guilt Millions of Americans Into Accepting Illegal Immigration

 

Never buy their products - send these spinmeisters a message

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Sorry about the down time overnight.

I am away from Home base.

It will be good now for at least another month

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Wow! The Democrats found an Adult somewhere... and it is a white male (?)

 

What is happening there? How long before this guy gets disappeared

 

DNC chair candidate tells Democrats to 'grow up'

Published on Feb 13, 2017

Chairman of New Hampshire Democrats Raymond Buckley explains on 'Fox & Friends'

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AS GROWTH SHIFTS from West to East, will the US be left as part of the Third World?

 

A New Report Projects The West Will Become The New ‘Third World’ – Episode 1201

Podcast: Play in new window | Download (Duration: 39:42 — 46.2MB)

youtube_website_third_world2.jpg

:

Greece lashes out at the IMF. Midwest farm bubble is getting ready to pop, American farms are in decline. Student loan bubble is worse than ever and its getting ready to pop. World’s largest container carrier has huge losses. Fitch has now created a narrative that if the economy should collapse it will be because of Trump. Recession warning, Treasury receipts turn negative. PWC has issued a new report which states that the western countries will become the new ‘third world’. This is in preparation for the collapse of the economy and how the monetary system will be moving from West To East. Record number of Americans have renounce their citizenship under Obama. 9th Circuit Court rejected Trump’s ban and disregarded the key fact, the law. Media Matters conspiring with Google and Facebook to shutdown alternative media.DHS reports the wall Trump wants to build will be 22 billion dollars. US fires a missile from LA towards China. Russia working with Haftar, the UN Backed government days are numbered. Elite trying to push Trump into a war with China, Iran and Russia. Power outage in Syria, reason unknown.

==

> http://x22report.com/a-new-report-projects-the-west-will-become-the-new-third-world-episode-1201/

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After last's weeks strong optimism, a pullback in Gold

 

Don't Worry, Gold Rally At Midpoint - Analyst Kitco Video News - Feb 13 / orig. Feb 7th

Gold Prices Pare Morning's Loss Kitco News - Feb 13
=== ===

Gold is benefiting again from safe-haven demand, holding significant support and trading just below three-month highs Tuesday. And, according to one veteran Wall Streeter, the metal could ‘easily’ move another 30% higher. ‘We’re about at the midpoint of what could be a price rally that could stretch for several more months,’ Scotty George, chief market strategist for Alexander Capital, told Kitco News. He added that he would not be surprised to see prices move up another $120. ’The more uncertainty coming out of Washington ...the more uncertainty globally; the better it is for commodities and tangible assets overall.’.

. . .

Chart View

The minor trend is bullish for the gold market, which has rallied soundly since mid-December. Last week, Comex April gold futures breached a minor technical level at $1,237.70, the Nov. 16 high and the bullish objective for the current rally phase. That also roughly coincides with the 50% retracement of the Nov.9-Dec. 15 sell-off. Momentum has turned down from overbought levels, seen in the 14-day relative strength index seen below the price chart in Figure 1 below.

The most recent bearish momentum turn occurred on Jan. 17 and presaged a minor short-term correction phase, see Point A labeled on the chart below. Point B signals the current bearish momentum turn.

TechSpecial_Feb13_kira.gif

Key Levels in Gold

On the downside: the gold contract has scope toward major support at $1,182.60 on a corrective pullback. A potential "hook" for support is seen at the rising 20-day moving average at $1,216.70 and then $1,208.30, the Feb. 3 low. As long as the prior swing low at $1,182.0 holds firm, the minor uptrend will remain intact.

On the upside: resistance lies at $1,237.70-$1,246.60, the latter representing last week's high. Beyond there lies the 61.8% Fibonacci retracement of the post-election sell-off, which comes in $1,261.10. A solid and sustained rally above the 61.8% retracement is needed to open the door to a return to the $1,300 zone and higher.

. . .

“Bullish dollar is negative for gold. [Gold’s] upside move began shortly after Fed hiked in mid-December and the move looks over,” Marc Chandler, Brown Brothers Harriman’s global head of currency strategy, told Kitco News in an email Monday.

Gold prices have fallen under pressure Monday, trading at daily lows as the U.S. dollar moves higher and U.S. equities hit new records. April Comex gold futures last traded at $1,224.20 an ounce, down $11.70 on the day.

The technical picture for gold is all but positive, Chandler continued, noting that there is a “bearish divergence in RSI, and MACDs is about to turn lower.”

“I anticipate a move back toward $1,168 and then $1,120,” he said.

. . .

 

Gold Prices Pare Morning's LossMonday February 13, 2017 17:39

Although gold continues to trade under pressure as we go into the close of Monday’s trading session, prices have recovered from this morning’s lows. Gold prices sold off sharply today, with spot gold prices trading to an intraday low of $1219.49. As of 4:00 Eastern Standard Time, gold is trading at $1226.20, off $6.70 on the day. This lower pricing is a combination of sellers in the market as well as a strong US dollar. According to the KGX (Kitco Gold Index), $3.90 of today’s selloff can be directly attributed to normal trading with the remaining $2.80 attributable to a stronger US dollar.

US dollar strength is only moderately higher today with traders and investors waiting for Fed details on US consumer prices. According to Vassilis Karamanis of Bloomberg News, “Fed comments and details on U.S. consumer prices may reveal whether the dollar’s rebound this month is merely a corrective one or will extend to re-test highs seen in January.”

Traders Awaits Fed Direction as Janet Yellen Prepares to Speak on the Hill

gold_feb13.png

Much of the selling pressure in the precious metals markets today is due to the uncertainty of the Federal Reserve’s next move. Traders and investors are awaiting some clarification from Janet Yellen as she prepares to speak to members of the Senate Banking Committee tomorrow, and then to the House Financial Services Committee on Wednesday.

In an interview with Bloomberg News today, Alan Binder, an economics professor at Princeton University, suggested that it’s likely that there might be some hint as to whether or not an interest rate hike will be initiated during the March FOMC meeting. Currently traders are putting a 30% probability that a rate hike will be initiated in March.

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SPY hit my $233 target, but it looks set to move higher... SPX-2385 next? (SPY-238)

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Time Adj.: SQRT(340/365) : /0.965 : SQRT(330/365) : /0.951 :: 10d loss on $24.50: $0.35

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Jan18. Strad.: Call Opt : Put Opt: St.-as% : / 80% / / Tm-Adj. : / 80% :
$250 : $26.11 = $04.15 : $21.96 : 11.17% : 13.97% / 11.58% : 14.47%
$245 : $24.75 = $06.00 : $18.75 : 10.59% : 13.24% / 10.97% : 13.72%
$240 : $24.32 = $08.26 : $16.06 : 10.41% : 13.01% / 10.79% : 13.48% :: 13.5% is low fr 12mos. Vol
$235 : $24.57 = $10.87 : $13.70 : 10.51% : 13.14% / 10.89% : 13.61%
$230 : $25.58 = $13.92 : $11.66 : 10.95% : 13.68% / 11.35% : 14.18%
==================

 

Tony C has removed his Bearish alternative count:

 

"The market opened slightly lower today, declined to SPX 2322, and then resumed the rally. Just past 2pm the SPX hit 2336.88, nearly clearing the 2336 Primary B wave limit. The DOW had already cleared its B wave limit, and now the SPX has done the same at the close. The last potential bearish count can now be discarded. Short term support is at the 2336 and 2321 pivots, with resistance at the 2385 pivots. Short term momentum is displaying a potential negative divergence at the close. Best to your trading!"

==

> https://caldaro.wordpress.com/2017/02/14/tuesday-update-581/

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Finally listened - it is excellent!

 

 

MKULTRA MIND CONTROL TARGET OF THE DEEP STATE! DARK JOURNALIST & CATHY O'BRIEN

 

This is excellent, a very revealing interview - with someone who blew the whistle decades ago.
"Hillary believes in tortorous mind control, and a degree of corruption it is hard to grasp."
"HRC does not represent... the soul of humanity... extremely perverse... this is coming out"
"Their agenda is extremely evil."
"Knowledge is our only defense against mind control."

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