We don't know the future will bring but we do know what the futures markets are today and what we got is uncertainty. OK, I suppose if that doesn't make sense then you probably are with me. The point is that markets and economies usually follow trends that we can gear up to, and this is not the case now.
What's happening now is that we got a lot more upheaval brewing than usual and things may break severely in many different directions.
So That's why these days I'm hunkering down and going into 'wait and see' mode...
I’ve never seen a double head and shoulders - just sayin
Just Gold? Or are all precious metals going to go down with it.
I have been long gold & silver (physical possession) for years. Honestly, for every sound reason to sell there are countless reasons to hold. That said I have yet to learn what moves the PM markets, so I simply store and hold the shinny stuff.
Happy Friday traders!
Investment prices all seem to in 'what's-the-other-guy-doing' mode, kind of like a same-sex dance and everyone's waiting for the other partner to lead. Problem is the music's already beginning...
8:30 AM Nonfarm Payrolls
8:30 AM Nonfarm Private Payrolls
8:30 AM Unemployment Rate
8:30 AM Hourly Earnings
8:30 AM Average Workweek
3:00 PM Consumer Credit
Related link: Why Jobs Reports Are Less Useful For Business. Other reading:
Bookmark
Whatever is going on in markets as to our impressions (eg; bull/bear) is IMO these days dominated by 1: worldwide currency wars and 2: flight of capital from NIRP or NIRP-coming countries. It’s not whether AAPL or MRK or JNJ is/are over or undervalued so much as it is (again, IMO) where do people with container ships full of money put their money when govts & central banks all over the world are trying to force-create inflation using negative interest rates.
This for example; makes US Tsys very attractive so buyers buy them up, despite some of the lowest coupons in history. Well, 1.6% for ten years is better than -.2% for...??
It is very confusing, it is a continuation of value distortion across all sectors and for non-rapid traders it is IMO largely uninvestable. The appetite/disdain for risk oscillates between the two of them far too often.
There is absolutely nothing wrong with holding cash, now, then, forever.
Thanks!
Where did you settle in Panama?
The Fed are going to declare another QE.
There’s also a good chance that the petrodollar is going to end this year, which will mean a frackton of foreign-held dollars will be coming home.
It’s not a good time to hang onto fiat.
And it’s definitely not a good time to sell precious metals.
If the price of PMs lowers for a week or two, it won’t last.
Poor job report today just bumped gold higher. Thank for the graphs. It will be interesting to see what the dollar does.
Good analysis. I just don’t agree with it based on fundamentals. It all centers around the US$. If your theory of the US$ doesn’t pan out, everything else becomes the opposite, except the stock market which actually will do terribly if the interest rates rise and the US$ strengthens.
The only reason the US$ has increased in the last few years was in the erroneous belief that interest rates in the US are going to rise. The market kept expecting that quarter after quarter, year after year. And throughout that period the US$ kept strengthening and gold kept plunging. As the market realizes that higher interest rates are not coming, both will revert back to their levels before this erroneous expectation took hold. That means gold will be way higher, and the dollar will be way lower.
why even look at the US market?...ex pats should invest in the country they call home...the USA is apparently not your home...