1. Stocks start off holding yesterdays gains, metals continue to pull back
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  2. Good Tues Am. Gold continues to roll back and down 4.9 to 1272. Silver is down 3 to 1782. Crude is +12 to 4935, while the USD is down 3 to 9894
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  3. Week of 4/22/2017 Closing prices & Chg Over Last Wk---- Gold $1289.10-- UP 0.60 Silver $17.85-- down 66 Oil $49.62-- down 3.80 USD $99.88 -- down 58

Sunday night market smackdown

Discussion in 'PM Trading/Stocks/Technical Analysis' started by savvydon, Sep 11, 2016.



  1. savvydon

    savvydon Gold Member Gold Chaser

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    Looks like the asian markets are picking up tonight where the US markets left off on Friday. Nikkei and Hang Seng off 1 1/2% and 2% respectively in the early going. Additionally silver is under pressure again tonight. I don't think you can blame asian drops on Fed speak interest rate BSing... wonder what is going on?
     
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  2. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Asians have to quit worrying about what the defunct FED is going to do.

    I think by the end of the month when China gets the nod we'll start seeing some dollar action and not in a good way... JMO
     
  3. savvydon

    savvydon Gold Member Gold Chaser

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    Can you elaborate on 'China getting the nod'? From who?

    I think the Fed would love to see a weaker dollar, as it might take the monkey off the US economies back a bit. It would ease trade disparity and might even let the Fed get away with an interest rate hike or two without breaking the camel's back.
     
  4. andial

    andial Sir Midas Member Site Supporter

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    Hillary maybe dying might be hurting the stock market last i heard the wall street crowd favors her.
     
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  5. louky

    louky Silver Member Silver Miner

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    SPX to 2097 today
     
  6. louky

    louky Silver Member Silver Miner

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    The US market moves aren't fed speak related either. Just so you know.
     
  7. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Asia always reacts in sync with big moves in US markets. They follow us. I would not be surprised to see a bounce in US equities today.
     
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  8. louky

    louky Silver Member Silver Miner

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    Unless we hit 2169 first
     
  9. louky

    louky Silver Member Silver Miner

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    Some dovish must of spoke at 1:15
     
  10. louky

    louky Silver Member Silver Miner

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    Potential trap door set yesterday since we didn't hit 2169 imo

    2097 target still in play

    Do the machines take over after lunch time and prop it back up?
     
    Last edited: Sep 13, 2016
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  11. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
  12. louky

    louky Silver Member Silver Miner

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    6 months?
     
  13. louky

    louky Silver Member Silver Miner

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  14. louky

    louky Silver Member Silver Miner

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    It's not gonna crash straight down, but maybe correct 20%? Could be gold's next coincidental spring catalyst....
     
  15. louky

    louky Silver Member Silver Miner

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    "Buying the dips" is no longer prudent. Still seeing a date with 2097. Close below 2100 looks like it would be significant
     
  16. louky

    louky Silver Member Silver Miner

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    My theory now is that fomc doesn't propel metals past their recent highs as we'd hoped ,but it does keep people in the market, knowing a hike is 3 months out and we make new all time highs there shortly, which is good for miners

    Still not an invest-able market hence the billions of dollars sitting on the sideline waiting for the 20% correction that's coming
     
    Last edited: Sep 16, 2016
  17. louky

    louky Silver Member Silver Miner

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    S&p will take out 2169, new all time high coming
     
  18. louky

    louky Silver Member Silver Miner

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    Done. Here's your new range for s&p now: 2169 2178 2187 2196
     

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