Stocks and Precious Metals Charts -

IMG Auteur
Published : January 03rd, 2018
425 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire

Gold and silver gave up a small amount of their recent rally today, being short term overbought.

And conversely, the dollar bounced up off its own losing streak from a short term oversold condition.

The putative reason was that the Fed minutes released at 2 PM revealed that 'some' would like to see interest rates increase more quickly.

The move may have been timed off the FOMC release, but it was a trading gimmick. How can such overbought and oversold trends not correct, given the slightest encouragement? I am sure the specs were starting to lean into them.

The moves were quite subdued, however, so unless we see something develop with the Non-Farm Payrolls report on Friday it looks like we are just fooling around here.

It will be interesting to see if stocks can hold these lofty levels, especially if the shorts have been cleared out a bit. The VIX was pounded down to an 8 handle today, settling just over 9, which is about as low as she goes. I wish there was a way, short of opening a futures account again, to go long VIX without having to buy a dodgy ETF that is designed to lose. I spent too much time dodging failing futures firms in the past, dodging a bullet or two, to dip back into those waters again.

The Democrats should/could run the board in the midterm elections this year.  Except they seem to have a fatal attraction for identity politics without a broader economic progressive policy, backed up by real programs and not just platitudes.  They will not do it, not because they do not know what to do, but because they are beholden to and willfully serving organized money.  And that is the Republican's turf, and they do it much better.

A nor'easter is going to be roaring up the East coast tonight.  It looks like it will miss us to the west, but move north and clobber New England with snow and high winds.  The deep freeze comes back this weekend.

I was watching the critter factions fighting over the ground below the hanging bird feeder today.  I had thrown some seed on the ground there last night, to give them a little more to brace them for the storm and cold.   It was the squirrels vs. the blue jays, vs. the sparrows and cardinals, in some of the most pointless squabbling I have ever seen.   These birdbrains must be from Washington.

A short video is included below as a history lesson.

Have a pleasant evening.

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comment this article
>Follow all commentairies
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Predicting The Next Crisis, Programming Behavior: “The Ability To T...
18 JanS W.
Excellent article with a small touch of healthy paranoia. Good idea, 'leave the phone at home sometimes' Go smell the roses !
18 JanS W.
Fancy specialising in race and gender studies ! And then do exactly what? I suspect, write papers ad infinitum that hardly anyone would read.
Who Moved My Xanax?
17 JanThemis0
I actually agree with a lot of what Trump says while deploring the tone and his lack of judgment in making such remarks publically while in office.
Socialist Dystopia: Starving Venezuelans Loot As Runaway Inflation ...
17 JanThemis
There is a 19th century English word that is particularly appropriate in this instance - "kakistocracy", i.e. government by the worst or least qual...
Who Moved My Xanax?
15 JanMr. Gnawbone1
It is an exploitation of the ignorant and uninformed population, but that is what happens when they pay attention to meaningless information and ...
15 JanMr. Gnawbone1
It sounds racist, so it has to be. Overton Bubble at work, the faculty were programed to respond as if to a Pavlovian Bell. There is no way to ch...
16 Jandennyc2
Ah, yes, black welfare recipients receiving our hard earned and easily spent tax dollars and providing us nothing save their lives for our investme...
15 JanDoom2
It's not just the English that is considered RACIST, it's also mathematics, and a wide range of other things: http://professorconfess.blogspot...
Most commented articlesFavoritesMore...
World PM Newsflow
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.