Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Ever since the inland hurricane, the ‘Derecho’ of August 10th, it’s never been the same for corn.
Now, it’s going vertical.
The entire U.S. agricultural food supply infrastructure is being systematically dismantled. Control the food, control the population. Simple.
It seems the ‘preppers’ tend to focus on stockpiling silver and gold.
If your’re getting ready for what’s coming, from a historical perspective, that’s not the place to start.
Going way back …. thousands of years, during the famine in Egypt of Joseph’s time, we have this:
“And Joseph gathered corn as the sand of the sea, very much, until he left numbering; for it was without number”
“And the famine was over all the face of the Earth: and Joseph opened all the storehouses and sold unto the Egyptians: and the famine waxed sore in the land of Egypt.”
“And all countries came unto Joseph for to buy corn; because that the famine was so sore in all lands.”
Gen 41: Vs. 49, 56, 57, KJV
They paid for the corn first, with gold and silver. Then they paid with their livestock. Then they paid by selling themselves into life-long slavery. We can equate that last part (slavery) as getting the vax.
As corn is going vertical, the bond market is signaling its move as well.
Just now, today, TLT is rotating higher.
Yesterday, Steven Van Metre showed a chart (time stamp 10:00) of the speculators beginning to back off their historic short position.
They’ve figured out they’re trapped. Now, they’re trying to sneak out the door without being completely impaled on a sharp bond spike.
The S&P, Dow, NASDAQ, Russell 2000, all appear to be holding near their highs.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Markets press on, new highs. However, biotech (IBB) is losing luster.
It could be just a temporary blip on the road upward.
Or, there could be something else afoot not known to the general public … and possibly not even known to professional speculators and market traders.
The video link below is to an alternate (independent) platform. One among many popping up in response to ‘adjustments’ being made by YouTube.
The video at this link is nearly an hour long. It’s one of those things that upon viewing the entire presentation, one can never be the same.
Viewer beware. For those with short attentions, fast forward to Time Stamp 22:50, for the meat.
Wyckoff stated a century ago ‘the reason for a move is always revealed after the fact’; we might find if IBB reverses from here and does not look back, the link above may ultimately become the ‘reason’ for such a move.
Imagine if this presentation becomes widespread knowledge … where will biotech be then?
Of course, price action is always the final arbiter. Positions (and stops) remain unchanged.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The downward thrusts in the dollar have run their course.
The weekly chart of UUP, shows successive narrowing of distance traveled to the downside.
The bears may have reached exhaustion at the same time MACD shows a bullish divergence.
Couple that with extreme shorting from the speculators; the trap is set, ready to close.
From a technical perspective, note last week’s price action was inside and at the top of the price range from the week prior.
Looking at the week before that, we see price action was inside but at the bottom of the range of the week prior.
These are subtle clues; there’s a change in character.
As mentioned in previous updates, it’s all happening during holiday weeks when everyone (almost everyone) is distracted.
No matter what happens on the political side, it’s likely to be chaos. February, is setting up to be very different from now.
We’re using Livermore’s strategic approach to the markets. That is, figure out what’s going to happen in a big way … then get in position.
Built into that approach is recognition there will be market outages, trading halts, communication interruptions and natural disasters.
The one thing that may separate this site from others, these (potential) events are taken into account.
Seismic activity is picking up in a big way right along with volcanic eruptions. A major eruption that will block the sun and kill-off global harvests or planting, may be in the works
The “Christmas Bomb” cut communication lines … which by the way is the very first objective during any battle; cut the enemy’s communications.
Matter of fact; that could be the ‘reason’. A test to see how badly communications were disrupted; how quickly they recovered.
Continuing on with potential disruptive events; There were broker outages on November 9th, when the market opened sharply higher.
If it happens on the way up, it will happen on the way down.
Cyber attack has already been stated as the next gala event the elite have planned.
There’s not one market analysis site known to this firm addressing those potentials or any others.
In that sense, The Danger Point, is unique.
Obviously, there are no guarantees. Anything can happen. If one wants to day-trade, go ahead but we’re not interested.
When or if all this (or a variant of it) happens simultaneously, the general pubic is going to be stunned.
It’s possible they will see their investment accounts wiped out in a matter of weeks.
The positions remain unchanged and listed below. The look is different as it’s taken from the firm’s own trade spreadsheet. Absolutely not advice and not a recommendation.
Note the initial stop followed by the current stop.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
There’s something very wrong with the “hyperinflation” narrative.
The gold miners GDX can’t even get to a full 38% retrace level without collapsing.
Price action has negated the targets from the prior update.
It should be clear at this point, a monstrous 5,600 page, so-called stimulus package is not inflationary.
For an irreverent look at what’s in that bill, reference “Salty Cracker”.
By the way, just how long does it take to write 5,600 pages? A couple of years, maybe?
Probably as much time as it took to write the original CARES Act … which was submitted (put in committee) to Congress during January 2019 … a full nine months before anyone even heard of the “speck” in Wuhan.
The inference is, both of these bills were planned long ago and have been in the works for years.
Which brings us to gold and the miners.
The hourly chart of GDX shows two wide bars in today’s session. The 35.00 – 35.50, area is support that may stop the down move for now.
Wide price bars usually get tested. Today’s action (as of 1:34 p.m. EST) shows GDX is moving quickly.
Expectation now, is for GDX price action to test the wide bars. That could take hours or days … or not at all.
If there is a test, the most likely stopping point is yesterday’s low at GDX, 36.18
In other markets, the short position in XOP (via DUG) is being maintained. Stop has been moved to DUG, 26.63; not advice, not a recommendation.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
If GDX continues in counter-trend action, an equal distance wave ‘c’ is the area GDX, 37.80.
Fibonacci Day 21 from the lows in late November, puts the counter-trend top on or about, December 23rd.
With the stimulus bill essentially a sure thing and gold going nowhere, something else behind the scenes is happening.
We’ll stick with the Van Metre assessment that stimulus is deflationary; Until proven otherwise.
From ‘uneducated economist’, linked here, he proposes there’s slight of hand going on yet again. The inference is, that somehow holding the actual physical cash note may (not advice, not a recommendation) become very important.
Following up on his comment is this: There’s a limited amount of actual physical currency in circulation as detailed here.
So worthless paper fiat currency, in an ironic twist, might become valuable for a short period of time … yet to come.
The job of this firm is not to figure out the nuances and details of the Fed.
The job is to identify probability and opportunity; then take advantage. Interpreting price action takes decades to master … it’s a full time job in itself.
With that in mind, we’re currently short (not advice, not a recommendation) Oil & Gas via DUG.
The senior miners are on track to test the 37.50 – 38.00 area. GDX will be monitored if/when it rises into that level. If so, it could be another low risk short opportunity.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point® 