26 thoughts on “MARKET WRAP”

  1. Jorgy

    I punched my fun ticket over a week ago at much lower risk/return levels. Nothing for me to do, but sit around, twiddle my thumbs and wait for my upside (bull market) surprise in gold, silver and the miners that produce them. ✌️

    1. Gary Post author

      Yes the COT has a long way to go yet before we need to get worried about an intermediate top. Probably not until the dollar forms an ICL.

  2. Chris

    Gary, I think a likelier scenario is for index to dance around the recent range, without making new lows for Feb, until MAs catch up with prices, say 50dma, then new lows. What do you think?

  5. klo

    Quite the road map Gary, thank you very much.

    And the further crash in our stock market scares the Fed and they backpedal a bit saying just kidding about the tightening and it’s a full fledged race to the bottom for currencies?

    Sounds like after this next move down for the stock market you’re seeing gold AND our general markets moving up together? Thanks again.

  7. John

    Do you think oil pushes the s+p or does the s+p push oil or is it just an interrelationship? Which produces more of an effect oil producing and selling or oil using companies

    1. Gary Post author

      Correlations are tricky. Sometimes they work and sometimes they don’t. But I do expect stocks to find their 7 YCL at roughly the same time oil hits its 3 YCL.

  8. Chris

    Already broken. Today is coppertone day!! Copper going to rally. So does crude. Maybe gold silver not yet. They must wait for friday NFP.

  9. Jorgy

    The USD’s IC topped on week #6, the DC failed today, we broke the 50 and now the 200 SMA will serve as a magnet. All of this is great, but I absolutely LOVE the fact that SMTer, B&B Talk, is quiet as a mouse. No chatter, no excitement, nobody cares and I love it! ?

    http://youtu.be/qnZHMmCjpQ8

  11. Brady

    Gary, trends show the miners fell with the market in 2008-2009. With the charts looking like we are on a downward trend again for the general market, why do you expect gold/silver and miners stocks to NOT follow the same trend this time? Wouldn’t it make more sense to allow the market to drop and deflate the prices more before jumping all in (hopefully before everyone else)? Thanks for your insight.

  12. tulip

    If the longer term (weekly, monthly timeframe) trendline of the correction that started on September 2011 can’t be pierced by Gold, all those short term bullish charts mean nothing…

    For example: In February 2014, a bullish cup & handle formation was forming on the Gold daily chart and then look what happened…

  13. Hillarys Cattle Futures

    Gary …. the Dollar dropped thru your 98.5 watch zone like a hot knife thru butter.

  17. Newbie

    I sold my NUGT – out. Made a nice 40% profit in last 3 weeks. I’m waiting ’till Friday for it to cool down and hope to buy DUST for a quick trade.

  18. Jay

    Let me guess….as of this afternoon (Feb 3rd), stocks are officially a buy until further notice? 🙂

  19. Chris

    Gary good call on USD and Gold. But i think your stocks have to wait. USD sell off, did not caused stocks to sell off. Instead, stocks rally as weak USD help big companies. ALso the rally in commodities help the market some. But u will be right in a few weeks. WHen stocks continue decline.

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