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drbubb

DrBubb's Diary - Mar. 2017 Trading - v.98

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Top of Page Charts: Gold / USD / china gold // Russell / Copper / china silver

t24_au_en_usoz_6.gif : 24hr-euro-small.gif : t24_au_en_euoz_2.gif : AuTD1.png?id=11409261605

idx24_russell_en_2.gif : t24_ag_en_usoz_2.gif:: idx24_hui_en_2.gif : AgTD0.png?id=11409221912

3d : ag : au

 

China/SGE: 4,200 RMB/kg / 6.150 = $ 683 / 35.274 = $19.36 (discount of about 20-25 cents?)

10/08-10am: Rmb3,846 /6.140 = $ 626.4 / 35.274 = $17.76 (prem. 57 cents)

10/13-9.am : Rmb3,884 /6.136 = $ 633.0 / 35.274 = $17.94 -$17.39= prm-$0.55

Goldstock : HK-2840 : GBS.L : GLD : GDX : NUGT : tza/faz -- HKpeg : DXY : StkX : 10-d : SPX : sjw :

HK 3081: 2899: 1051: hs / UK: POG / ABX : Sil : IAG : dba-etc. ... lot : PB : CVN : CC2 : BTC : SLV-lv

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

2-3 weeks ago, I posted here: "Bitcoins Price may take another run at the Gold price - Now $1230." The price now exceeds Gold

 

Charts: Bitcoins LIVE : BTC:1-year : 32-mo : 4-mos : 10d : Ticks : BtcWisdom : BTC-24hours : PB : aG : sjw :

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China Debt Risks Go Global Amid Record Junk Sales Abroad
China Debt Risks Go Global Amid Record Junk Sales Abroad
Bloomberg News
March 23, 2017
China’s riskiest corporate borrowers are raising an unprecedented amount of debt overseas, leaving global investors to shoulder more credit risks after onshore defaults quadrupled in 2016.
Junk-rated firms, most of which are property developers, have sold $6.1 billion of dollar bonds since Dec. 31, a record quarter, data compiled by Bloomberg show. In contrast, such borrowers have slashed fundraising at home as the central bank pushes up borrowing costs and regulators curb real estate financing. Onshore yuan note offerings by companies with local ratings of AA, considered junk in China, fell this quarter to the least since 2011 at 31.3 billion yuan ($4.54 billion).
Global investors desperate for yield have lapped up offerings from China. Rates on dollar junk notes from the nation have dropped 81 basis points this year to 6.11 percent, near a record low, according to a Bank of America Merrill Lynch index. Some investors have warned of froth. Goldman Sachs Group Inc. said last month that it sees little value in the country’s high-yield property bonds. Hedge fund Double Haven Capital (Hong Kong) has said it is betting against Chinese junk securities.
“Today’s market valuations are tight and investors are focusing on yields without taking into account credit risks,” said Raja Mukherji, Hong Kong-based head of Asian credit research at Pacific Investment Management Co. “That’s where I see a lot of risk, where investors are not differentiating on credit quality on a risk-adjusted basis.”
A chart
Lower-rated issuers turning to dollar debt after scrapping financing at home include Shandong Yuhuang Chemical Co. on China’s east coast. The chemical firm canceled a 500 million yuan local bond sale in January citing “insufficient demand.” It then issued $300 million of three-year bonds at 6.625 percent this week.
Some developers have grown desperate for cash as regulators tighten housing curbs and restrict their domestic fundraising. That’s raising concern among international investors in China’s real estate sector who have been burned before. Just two years ago, Kaisa Group Holdings Ltd. became the first Chinese property company to default in the offshore market.
“Investors have to spend more time studying credit profiles due to the higher inherent risks,” said Chaksum Lau, assistant portfolio manager at China Securities International Asset Management Co. in Hong Kong. “Credit quality of the Chinese high-yield dollar market as a whole is deteriorating.”
To be sure, a bigger chunk of the risk-taking in the market for Chinese dollar bonds is now coming from investors from China itself. The increasing participation by Chinese buyers, who tend to hold their purchases for the long term, could help limit losses for foreign money managers if the market turns. The country’s banks have been buying 45 percent of new Chinese bond offerings, and are also active in the Chinese local government financing vehicle and investment-grade corporate sectors, according to a Bank of America report.
Still, the government’s property curbs could lead to more pressure on the real estate market than expected, according to Zhou Hao, a Singapore-based economist at Commerzbank AG. “When the huge amount of dollar property bonds come due in two or three years’ time, those weak developers may get into trouble,” he said.

The valuations of lower-rated Chinese developers don’t reflect their fundamentals, according to Kenny Wu, a senior credit analyst at BFAM Partners Hong Kong.

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Another Bitcoin rally ... update

 

btx-1mo_zpstrujtoia.png

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Price : (06/26) (12/31) (04/01) Chg %: (07/01) : (09/30) : (12/30) / (01/27) (02/24) (03/03) : (03/10) (03/17) : (03/24)
Gold : 1173.8 : 1060.5 : 1223.2 === >: 1344.9 : 1317.1 : 1151.7 / 1188.4 : 1258.3 : 1226.5 : 1201.4 : 1230.4 : 1248.5 :
GLD : 112.56 : 101.46 : 116.93 ----- z : 128.41 : 125.64 : 109.61 / 113.49 : 119.70 : 117.51 : 114.72 : 116.99 : 118.86 :
GDX : $18.09 : $13.72 : $20.12 ----- z : $29.05 : $26.43 : $20.95 / $23.22 : $24.13 : $22.20 : $21.73 : $22.67 : $22.92 :
Ratio: R6.222: R7.395 : R5.811 ----- z : R4.420 : R4.754 : r5.232 / R4.888 : r4.961 : r5.293 : R5.279 : r5.161 : r5.185 (/10.50)
Ratio 16.07%: 13.52%: 17.21% ----- z : 22.62%: 21.04%: 19.11%/ 20.45% 20.16%: 18.89% 18.94%: 19.38%: 19.28% (GDx54.27 )
Gdxj : $24.86 : $19.21 : $28.40: ----- z: $45.38 : $44.29 : $31.55 / $36.87 : $40.09 : $35.53 : $34.69 : $36.28 : $36.20 :
Spdr : 706. E : 642.37 : 815.est ----- z : 953.91 : 947.95 : 822.17 / 803.0E : 841.17 : 840.58 : 825.22 : 834.10 : 832.62 = 26.77m
Au/S : R-1.66 : R-1.65 : R- 1.52 ----- z : R-1.41 : R-1.39 : r1.401 / R1.48E: R1.496 : R1.47 : R1.456 : R1.475 : R1.499 :
TLT - : 115.23 : 120.58 : 130.68 ----- z : 140.57 : 137.51 : 119.13 / 119.63 : 122.01 : 119.35 : 117.25 : 118.64 : 120.88 :
G/Tlt : R10.19 : r8.795 : R9.404 ----- z : R9.567: R9.578 : R9.668/ R9.993 : R10.26: R10.28: R10.25 : R10.37 : R10.?? 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 17.75 :
SLV- : $15.11 : $13.19 : $14.34 ----- z : $18.74 : $18.20 : $15.11 / $16.22 : $17.40 : $16.98 : $16.15 : $16.47 : $16.81 :
SLW-: $15.11 : $12.42 : $16.40 ----- z: $24.78 : $27.30 : $19.32 / $21.42 : $21.15 : $19.44 : $19.30 : $19.90 : $20.54 :
SIL*- : $26.43 : $18.51 : $26.50 ----- z : $45.95 : $44.48 : $32.11 / $37.36 : $38.28 : $35.19 : $33.50 : $35.11 : $35.85 :
DBA : $22.71 : $20.61 : $20.50 ----- z : $21.98 : $19.98 : $19.97 / $20.57 : $20.29 : $20.32 : $19.98 : $20.15 : $20.00 :
XLE- : $76.08 : $60.32 : $61.06 ----- z : $68.60 : $70.61 : $75.32 / $74.23 : $70.99 : $71.99 : $70.01 : $69.80 : $68.56 :
Cop'r: $2.641 : $2.135 : $2.170 ----- z : $2.220 : $2.210 : $2.510 / $2.690 : $2.700 : $2.700 : $2.600 : $2.690 : $2.630 :
WTI- : $59.65 : $37.07 : $36.36 ----- z : $49.28 : $48.24 : $53.72 / $53.17 : $53.99 : $53.33 : $48.49 : $49.31 : $47.97 :
CRB : 224.90 : 176.27 : 168.03 ----- z : 194.26 : 186.30 : 192.51 / 193.43 : 190.93 : 189.72 : 182.65 : 184.48 : 183.47 :
Corn : 385.00: 358.00 : 353.50 ----- z : 360.25 : 336.30 : 352.00 / 362.50 : 370.75 : 380.75 : 364.25 : 367.50 : 356.25 :
Wheat 575.00: 468.50 : 474.00 ----- z : 496.25 : 402.00 : 408.00 / 420.50 : 448.00 : 453.50 : 440.50 : 436.25 : 424.75
Sugar 11.92c : 15.24c : 15.18C ----- z : 20.78C : 23.00c : 19.51c / 20.33c : 19.81c : 19.52c : 18.22c : 18.17c : 17.71c :
BTC : 250.00 : $433.5 : $420.0 ----- z : $680.0 : $604.5 : $948.5 / $920.0 : 1135.0 : 1278.0 : 1151.0 : 1063.6 : $000??
B/G.: 21.30% : 40.88%: 34.34% ----- z: 50.56%: 45.90%: 82.36%/ 77.42%: 84.81%: 90.20% : 104.1% : 00 /17-98%
====
EEM- : $39.93 : $32.19 : $34.15 ----- z : $34.69 : $37.45 : $35.01 / $37.47 : $38.48 : $38.19 : $38.01 : $39.49 : $39.81 :
FXI -- : $46.21 : $35.29 : $33.58 ----- z : $34.48 : $38.01 : $34.71 / $36.82 : $38.54 : $37.87 : $37.65 : $39.14 : $39.25 :
ShCm : 4192.9: 3519.2 : 3009.5 ----- z : 2932.5 : 3004.7 : 3103.6 / 3159.2 : 3253.4 : 3218.3 : 3212.8 : 3237.4 : 3267.9 :
PHM- : $20.48 : $17.82 : $18.42 ----- z: $19.48 : $20.04 : $18.38 / $21.26 : $21.73 : $22.48 : $23.53 : $23.72 : $23.49 :
IYR -- : $72.49 : $75.08 : $77.91 ----- z : $82.33 : $80.64 : $76.94/ $76.97 : $80.31 : $79.64 : $76.54 : $78.20 : $77.74 :
IWM - : 127.50 : 112.62 : 111.12 ----- z : 115.39 : 124.21 : 134.85 / 136.19 : 138.65 : 138.65 : 135.96 : 138.46 : 134.49 :
XLF - : $24.89 : $23.82 : $22.70 ----- z : $22.74 : $19.30 : $23.25 / $23.65 : $24.42 : $24.97 : $24.79 : $24.45 : $23.54 :
XLF/S: 11.86%: 11.68% 10.97% ----- z : 10.83% V8.92%:10.31% / 10.33% 10.31%: 10.47%: 10.43%: 10.32%: 10.07%
SPY- : 209.82 : 203.87 : 206.92: ----- z : 209.92 : 216.30 : 223.53 / 228.97 : 236.74 : 238.42 : 237.69 : 237.03 : 233.86 :
VIX-- : 14.02%: 18.21% 13.10%: ----- z :14.77%: 13.29%: 14.04%/ 10.58%: 11.47% 10.96%: 11.66% 11.28%: 12.96%
ShPut $06.15 : $6.670: $05.00: ----- z : $02.85 : /Sp210: $08.30 / $20.00 : $14.95 : $13.97 : $14.10 : $13.39 : $14.78 Ja$240p
DXY - : 95.399 : 98.693 : 94.608 ----- z : 95.720 : $95.42 : 102.38 / 100.56 : 101.09 : 101.34 : 101.38 : 100.31 : $99.77 :
H-gold: r12.30 : R10.75 : r12.93 ----- z : R14.05: R13.80 : R11.25 / R11.82: R12.26: : R12.10: R11.85: R12.27: R10?? / 11.3-14.2
=====
Gold : 1173.8 : 1060.5 : 1223.2 : === >: 1344.9 : 1317.1 : 1151.7 / 1188.4 : 1258.3 : 1226.5 : 1201.4 : 1230.4 : 1248.5 :

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Mar 27 5:31am:

1. Stocks catch a cold:

Global investors are in a bad mood right now after President Trump failed his first big legislative test as Republicans ditched their Obamacare repeal bill on Friday.

. . .

"The Trump 'disappointment trade' is now in full swing," said Kathleen Brooks, research director at City Index. "The healthcare bill, although it ultimately won't have a big impact on the economy, was a major litmus test for the president, who has an aggressive policy agenda."

Brooks said a major underlying concern is that Trump won't be able to spend as much as he promised on things like infrastructure, which would support the economy and jobs.

U.S. stock futures are all down by nearly 1%. The U.S. dollar is also weakening versus most major currencies.

The Vix volatility index is surging by 15% to hit its highest level since the U.S. election in November.

The majority of European markets are falling in early trading. And most Asian markets closed with losses.

2. Stock market mover -- Bank of America: Shares in Bank of America (BAC) are slumping by about 2% premarket following a 7% drop over the past week.

Bank of America, like other financial stocks, was a big beneficiary of the post-election Trump rally but now traders have gone cold on the banking giant.

3. Oil slips again: Shares in many energy companies are pushing lower as crude oil prices are declining by about 0.7% to trade around $47.70 a barrel.

More

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HANNITY NAILS IT !

 

Here he fights back against Ted Koppel's edited interview

 

Hannity: Koppel interview is example of 'edited fake news'

 

45 minutes of "very good discussion" was edited down to about one minute of Spin.

The cabal thinks Hannity "is bad for America... because he is very good" at what he does.

The cabal hates it when they cannot get THEIR MESSAGE out

 

/ 2 /

Koppel told hannity after his first answer "we will not air that"

Michele Malkin: "this is a teachable moment"

Malkin: Koppel interview exposed the liberal media elitists

 

Well done, Michele, it is time we drove a stake in the heart of these dying vampires

 

Another comment from under the first video

 

WAKE UP PEOPLE! Koppel is a Jew, and he got upset because jews think it is THEIR RIGHT to manage the message. Jews are 2.6% of America's population, and they may be more than 10X that percentage of the reporters. Beyond that, Jewish controlled companies are over 90% of the Mainsream Media. This is the Truth we are not allowed to speak!

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We've just seen two near identical "bounce" fractals - What's next ?

 

BTS - bitcoin prices at Bitstamp : 1-mo : 3-mo :

BTC-fr1_zpsjb4biyww.png

 

Another drop? Or are we ready for a more sustained reality?

The clue is being traced out now

If it can hold above the 72hr-ma, and get that line moving higher, then "more sustained" bounce looks like the pathway.

I'm betting on more sustained bounce, because prices are now above 192hr/8d ma - see 3mo chart.

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The (brief) rally in the Euro may be ending

 

EURusd / Euro in USD ... update : 10-d : last: $1.082 (

aa_zps4eanotjq.gif

 

To stay alive in will need to punch through important resistance at/near $1.10

 

(observed elsewhere too):

=

"I think EURPHP can over the course of this year and next year rally back to the old 59-60 area, and then it will be over.

My long term targets are 40 then 30 then 20."

 

I agree the EUR may have future weakness, and on reviewing that charts: it seems that the EUR in PHP is looking toppy now

- the rally looks tired, and is struggling to get above the resistance

 

EURphp ... All Data : 5yr-W : 10-d // EurUSD : 10-d :

EURphp_zpsrdgodg0c.gif

=

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A Fascinating Story : Linda Howe with Whitley Streiber

 

A hole in the Ice? A pyramid? Underground installations?

Hidden in Antartica a Naval Officer tells us Exactly What He Saw

https://www.youtube.com/watch?v=GMybJ-HGUOo

Another (shorter?) video of the same story I posted previously

Published on Mar 2, 2017

A truly shocking and astonishing video on extremely strange events in the Antarctic. A naval officer tells us what he remembers, including seeing a huge opening in the ice in a no-fly area they were crossing with a medical emergency on board. Then he ferried a group of scientists who had disappeared for two weeks, and has specifically been warned not to refer again to this subject. As he put it, "they looked scared." When they returned to McMurdo, their gear was isolated and they were flown back to Christchurch, New Zealand in a special plane.

He discusses what he saw and experienced in detail. This is the most provocative story about what is going on in Antarctica ever presented anywhere.

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"Tarzan and Jane"

Article 50 debate: Lord Heseltine and Kate Hoey clash on Brexit

Published on Mar 29, 2017

Lord Heseltine, former deputy prime minister, and MP Kate Hoey, former co-chair of Labour Leave, discuss Theresa May’s triggering of Article 50. Subscribe for more interviews: bit.ly/LtASif.

 

"What's happening tomorrow is the one thing Margaret Thatcher was afraid of... Losing control of the conditions upon which we can trade in our biggest market."

 

"We've gone through a decade of frozen living standards, but things are better than they were 10-20 years ago"

 

They need to learn to cooperate better - like this:

TARZAN AND JANE / Banned swimming scene Johnny Weismuller

 

Tarzan Call

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Who holds the cards?

 

Kate Hoey may like this analysis

 

Brexit day: Why Britain holds the aces

 

The EU needs keep Britain on side, for several good reasons.

And the US and China, are ready to pick up slack, if they play too tough

 

Possibly, the EU has more to lose from a bungled Brexit.

But if they make it too quick and too easy, more will follow

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British Pound - in EUR

 

GBPeur ... update

GBPeur_zpsycg3brio.gif

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Big Test coming imminently in Bitcoin prices

 

BTC ... 2-months

: 30 min. chart, with 48 period, and 144 period MA's - about to Cross! (up to down)

BTC-2mo_zpsbzorkdmd.png

 

Will the next move be Like ?:

+ #1 and #3 (a sharp drop), or

+ #2 (a resumption of the uptrend)

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Some terrific picks here - I wish the thread had received more attention

 

THESE Stocks did very well !! Average gain over 124%

 

Some spectacularly well; ( GZZ, LRA , RRI ) - these were the 3 stocks I liked most.

And at their highs, ALL were well above the initial prices

 

Sym.: Company------- : C$price: Low-to-High: ShOS: MktCap: $Cash : BkVal.: Last !! : +%chg : HighC$ :
AVU : Avrupa Res------ : $ 0.160 : $0.07-$.400 : 55.48 : $8.88m : $0.29m : $0.040 : $0.090 : - 43.7 % : $ 0.25
AZM : Azimut Explor.-- : $ 0.130 : $0.10-$.285 : 37.64 : $4.89m : $1.44m : $0.180 : $0.310 : +138.5% : $ 0.68
ALS : Altius Minerals*- : $ 13.25 : $9.86-15.47 : 39.93 : $529.m : $15.5m : $8.750 : $12.21 : - 7.85 % : $14.06
CKG : Chesapeake Gd: $ 1.540 : $1.39-$2.90 : 44.42 : $68.4m : $28.7m : $1.950 : $3.570 : +131.8% : $ 6.50
GZZ : Golden Valley--- : $ 0.100 : $.075-$0.21 : 99.20 : $9.74m : $2.37m : $0.200 : $0.350 : +250.0% : $0.495
LRA : Lara Exploration : $ 0.305 : $0.20-$0.55 : 31.21 : $9.50m : $0.81m : $0.080 : $1.010 : +231.1% : $ 1.58
NGE : Nevada Explor.- : $ 0.180 : $0.05-$0.35 : 30.91 : $5.56m : $0.03m : $0.250 : $0.345 : +91.67% : $ 0.72
RRI- : Riverside Res. - : $ 0.155 : $0.15-$0.36 : 37.00 : $5.74m : $5.90m : $0.230 : $0.475 : +206.5% : $ 0.60
====
Average Gain of these 8 stocks: +124.8% to yesterday's close - to the High, much better

 

I owned only one (GZZ), and did well with that, but could have held on longer

 

> see thread: http://www.greenenergyinvestors.com/index.php?showtopic=20364

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Dollar / DXY may not get to important trendline support at 98 in April

 

DXY_zpsjwwubtfw.png

 

If we get a rally from here, it may be the Last rally before a very deep and lasting correction in the USD

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Clif's back

 

clif's wujo - March 30, 2017

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Interesting.

 

A collapse in bank stocks was a bellwether of the 2008/9 crash

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(Stunlee posted on the Sweden thread):

=======

And an absolutely farcical event involving policewomen. Watch in particular as one of the policewomen tries to protect the violent suspect from the one person who is actually capable. Peter reports that this video already has millions of views on facebook.

https://twitter.com/PeterSweden7/status/848597012207611905

LOL

He posts:

PeterSweden @PeterSweden7 6h6 hours ago

Replying to @PeterSweden7

There are no biological differences between men and women.

 

This symbolizes the current State of sweden:

 

Female "compassion" for foreigners inspired them to "invite in" Invaders.

Now they are in the country, and behaving badly, and feminized leadership cannot cope.

They try and ignore or downplay the very real problems, and the few real men that are left

and want to deal with it, get attacked.

 

At least in America and the Philippines the voters were concerned enough to elect an Alpha Male

as leader, but neither country is making it easy for him

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