LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
The Dirty 30’s Are Back

By: CAPTAINHOOK

 -- Published: Monday, 24 October 2016 | Print  | Disqus 

Did you see the latest on the true state of America? 7 of 10 American’s now have less than $1000 in savings.

When Barack Obama was re-elected four-years ago, I warned America was about to get what it deserves for doing something that stupid. And now we have a completely hollowed out, broke, and morally bankrupt destopian state.

Congratulations America.

 

Now, if you allow Hillary and her ilk to steal the upcoming election – guess what – there won’t even be an America in four-years. There might not be a world, because neocon Hillary plans to take America into a ‘limited war’ that she and her buddies will control, because nobody would dare to shoot back being terrified of American military might.

 

All I can say now is – go ahead – vote for Hillary and find out what these monsters have in store for you – go ahead.

 

Of course it doesn’t matter – because the election is rigged – right?

 

This is what many in England thought prior to the Brexit vote as well. As pointed out by Nigel Farage however, apparently the little people finally ‘got it’; and, this should be the case in America as well – bringing out enough new voters to overwhelm status quo manipulation efforts. (i.e. the left-wing MSM has ordered their outlets to ‘destroy Trump’.) This is of course not news to us. We know the election is rigged up and down the entire process, and that the only way status quo ballot box manipulation efforts can be overcome is if Trump wins by a landslide, which looks quite possible, believe it or not. As Farage points out – the ‘deplorables’, as Hillary puts them (down) – are getting stronger.

 

So get out and vote.

 

Trump is no treat by any means, but at least he’s not an evil monster hell bent on stealing America blind and then laughing about it as you suffer. 
 

On to the markets. I’m pressed for time this week so this will be short. 
 

In case you didn’t know, with debt levels so high these days, everything in the financial world revolves around the cost of credit. So when the TNX puts in a five-wave bullish impulse while breaking above the 200-day moving average (MA), you take notice, which is why stocks were soft yesterday, and why they will likely stay that way until interest rates soften up again. As discussed Monday, the TNX should top out sometime soon (this week), and start a multi-week (4?) correction lower, at which time the broads could see new highs with the big push on to trash Trump now. The S&P 500 (SPX) could shoot over 2200 in a final blow-off going into the election, topping out in October here, just like 2007, in a full blown ‘seasonal inversion’. 
 

What drama – no?

 

And correspondingly, this is when we will see precious metal shares put in a three wave corrective affair higher as well (in response to a falling rates), which should take the Gold Bugs Index (HUI) back to somewhere between 220 and 240 as it carves out the right shoulder of the head and shoulders pattern discussed Monday as well. So, I’m afraid it’s not going to be a merry Christmas for gold bugs this year, as the seasonal pattern must pay deference to the rising interest rates being signaled in the charts right now. Remember, the measured move (MM) in of the H&S’s in the HUI is to 115 (200 – 85), so one must factor such a probability into your own personal investing equation. Helicopter money is on the way once the broads roll over; so another sucker’s rally is probably in the cards at some point in coming days, with the only questions being ‘how high this time’ and when?

 

I wished had better news, however this is the reality of the situation.

 

It’s just like the ‘Dirty 30’s’. People are broke and credit is about to dry up. So precious metal shares can only rally (so far) in ‘fits and starts’ as various polices are attempted.

 

Again, the next monetarist salvo should be QE for the stock market (Fed monitizing stocks), and then helicopter money; and, if Trump gets in, his proposed tax cuts would figure into the equation as well.

 

First we need the excuse for all this however, which won’t happen until after the election, when interest rates spike higher and equity bubbles burst.
 

Invest accordingly.

 

Captain Hook

 

The above was commentary that originally appeared at Treasure Chests for the benefit of subscribers on Wednesday, October 12, 2016.

Treasure Chests is a market timing service specializing in value based position trading in the precious metals and equity markets, with an orientation primarily geared to identifying intermediate-term swing trading opportunities, which is an investing style proven to yield successful outcomes in the longer term. Specific opportunities are identified utilizing a combination of fundamental, technical, and inter-market analysis. This style of investing has proven to be very successful for wealthy and sophisticated investors, as it reduces risk and enhances returns when the methodology is applied effectively. Those interested discovering more about how the strategies described above can enhance your wealth should visit our web site at http://www.treasurechests.info.

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.

Copyright © 2016 www.treasurechests.info .  All rights reserved.

Unless otherwise indicated, all materials on these pages are copyrighted by www.treasurechests.info.  No part of these pages, either text or image may be used for any purpose other than personal use. Therefore, reproduction, modification, storage in a retrieval system or retransmission, in any form or by any means, electronic, mechanical or otherwise, for reasons other than personal use, is strictly prohibited without prior written permission.

 


| Digg This Article
 -- Published: Monday, 24 October 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.