Today Is Going To Be Fun
We should have a fantastic day today in all the major markets. On cue from the Monday mid day bottom (called here) stocks have put in a “temporary bottom” and are rallying. Gold and silver are getting ready to explode higher later today as well. I have stated I believe the FED will “surprise” the markets with a 1/4 point hike, but it really doesn’t matter, the script has been written. There should be some tremendously volatile swings in most markets today. If the FED does hike, look for a death defying swoon right after, that could be your last chance to pick up bargins, especially in silver and related equities. By 4PM any intra day drop should disappear and it is onward and upward for both metals, equities and probably fixed income as well. Pass the popcorn and enjoy the fun!
Ran out popcorn months ago.
Could you narrow it down to the exact minute we can expect the move up this afternoon???
I could but you couldn’t afford the price for that info.(LOL)
Hahahahaaa. Good one, Chartsmaster!
I predict the markets go nuts & gold/silver flat to negative.
Yup. fun! I can tell by the pre stock market open price movements in gold and silver the fun has begun.
Gold and silver getting hit
Some of you usual tired commenters have trouble with reading comprehension. My exact quote on gold and silver above was.”Gold and silver are getting ready to explode higher later today as well.” At least wait until 4PM to make a judgement.
But but but by 4 pm you might be proven right!!!
Sir CM,
I speak for myself.
I do not judge.
I learn from you.
I disagree with you at times.
Your posts are so valuable to me every day. In your posts I see how things should be, had there not been as much PM manipulation as we have seen since August 2011.
The learning journey is still young.
The learnings have been cemented.
The patience has grown immensely, and it is a given that the portfolio growth will follow.
Your posts are fearless. That’s the way to go, dear Sir CM!
Kind regards,
GL
Thanks, GL appreciate your comments.
Actually Chartmaster performs a service to us true believers. He gives us a sliver of hope in a sector of market that is, in reality, hopeless.
YEP
are we having fun yet?
No fun today, big nothing burger for stocks. Takedown for gold and silver.
What happened to the broken resistance turns support meme? Gold smashed thru the 1830 old resistance supposedly now support without an iota of a hesitation…It is all bullshit!
Today was gold options expirations day for the bullion banks. A slam down as we saw was actually fairly predictable, let alone it was also a FED day.
Yes, disappointing but not so surprising given the expiration. Should have realized that the expected pullback wouldn’t end until After the expiration and would go back to the mvg.averages. We start over in the new month next week.