DrBubb's Diary - June 2018 Trading - v.113

[drbubb]

TOP of Page Header ... : Channel-GE : MP : PP : Charts : Acore : Fringe :

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3d : ag : au : 10d-Gvs.UK : >News : DrRp : AJo : Fox : WRH : Arc : RenA : Rvd : FxN :

BTC all data: 8yr: 3yr: 12mo: 6mo 1mo 10d:  10d 5d / SLV-lv

 

02/28: 0.6100 x10950-(- 50) =6680: -100:10950Mar(-800):6680/( -750 :11.2%):+0100:11048 +025,-.007: 11.6
03/31: 0.6817 x$7091- +200 =4834 -050:$7041Jun(+403):4800/(+603+12.6%):
04/29: 0.6942 x$9407- +100 =6530 +010:$9417Jun(+203):6537/(+303+4.64%):+0000:$9,477 +070,-.000: 9.65
05/05: 0.6937 x$9846(+000) =6830 +238:10,084Jun(+003):6995/(+003+0.04%):+0000:10,131+285,-.000: 10.1H
05/10: 0.6937 x$9365(+000) =6497 +268:$9,533Jun(+003):6613/(+003+0.05%):+0000:$9,633+568,-.000: 9.90

======
-Bonus: 0.225 x12750=$3337; x$9,533= $2145: 4468: H:4726 / ($258) /.6937= $372 = 9.90 New High !

Bitcoin--- : $9,330 ---- @9330
Cardano-- : .00003628 : $ 0.33
Bitc. cash- : 0.1889 -- : $1,761.
Ethereum-: 0.08434 -  : $  787.
Litecoin-- : 0.01807 -- :  $  169.
Ripple----- : 0.0000913 : $ 0.85

crypto mining companies

Hive vs Atlas ... update /HIVE - etc, at 6/5/2018: C$1.12 ... Last 6-mos : RIOT: $7.80, ATLEF: $0.225

[drbubb]

Rally - in Junior Gold & Silver Miners - at last

EUR vs SIL etc / 10day chart -  on Friday:

SIL -  : $29.30 +0.48, +1.67% /
GDXJ: $32.78 +0.38, +1.17% /
JNUG: $13.84 +0.47, +3.52% /

The Rally Looks small on a longer term chart. But may represent an Upturn

GDXJ ... update

SIL ... update

==

[drbubb]

BEARS will like this...

A Death Cross Forming on Daily Gold Charts

On a technical basis, one of the more foreboding indicators is a real high probability that the short-term 50 day moving average will cross below the longer-term 200-day moving average, which is commonly referred to as a death cross.

Most technical analysts use the 200-day moving average as a gauge of a long-term trend, and the 50-day moving average as a gauge of the short-term trend. Any stock or commodity which is trending higher will result in the shorter-term moving average above the longer-term moving average. Therefore, a death cross can signal when a short-term decline has moved into a longer-term decline or downtrend.

Looming Trade War

The current dispute between the United States and China has been moving towards an all-out trade war. It will be the net effect on the US dollar if and when tariffs begin to be enforced that will indicate the future direction of gold. As of now the current dispute and the recent announcement by the European Central Bank has strengthened the dollar.

> more: http://www.kitco.com/commentaries/2018-06-22/Gold-Trades-to-the-Lowest-Price-of-the-Year.html

[drbubb]

MERGER ACTIVITY

On the following Monday, after the market close, Bonterra Resources announced that they have entered into a binding letter of intent dated June 17, to combine Bonterra and Metanor which would create a new advanced Canadian gold exploration and development company focused on building out and future mining development of the Urban Barry Quebec Gold Camp. “The Transaction” contemplates that Bonterra will acquire all of the issued and outstanding common shares of Metanor for C$0.73 in equity consideration, at an exchange ratio of 1.6039 Bonterra shares, for each Metanor share. This represents an aggregate transaction value of C$78 million on a fully diluted in-the-money basis. Upon completion of The Transaction, existing Bonterra and Metanor shareholders will own approximately 58% and 42% of the pro forma company. The purchase price represents a 40% premium to the volume weighted average price of Metanor's common shares on the TSX Venture Exchange on June 15, 2018 and a premium of 30% to the closing price on this date. The acquisition is expected to be completed in the third quarter of 2018.

The third deal this week was a recommended all cash offer by Orion Mine Finance to acquire the remaining 79.6% of Dalradian Resources Inc. it does not already own on early Thursday morning. Under the terms of the Arrangement Agreement, each Dalradian shareholder will receive cash consideration of C$1.47 for each Dalradian Share held (the “Consideration”), valuing Dalradian’s total equity at approximately C$537 million, on a fully diluted in-the-money basis. The Consideration represents a 62% premium to the closing price of the Dalradian Shares

> http://www.kitco.com/commentaries/2018-06-20/Gold-Stabilizes-But-Strong-Dollar-Remains-Obstacle-To-Higher-Prices.html

[drbubb]

Gold looks a better bet than UK property – here’s why

Today we return to a subject that has been a favourite of mine over the years: UK house prices – but with a twist.

We don’t consider them in the debased, devalued currency that is the pound. Rather, we measure them in the eternal currency that is gold.

Comparing those two charts – house prices in sterling and house prices in gold – the story is quite different. When you look at the journey UK house prices have been on measured in gold, you also get a clearer idea of just how much sterling has been debased, particularly since 2008.

Measured in gold, from 2005, house prices fell for six years, so that by 2012, at 150oz for the average UK home, they were briefly back to where they were in 1987. It’s astonishing. Even today, at 220oz for the average UK home, we are only at mid-1990s prices.

here’s Greater London in gold.

Where London has differed from the rest of the UK (perhaps with the exception of the likes of Oxford, Cambridge, Bristol and Brighton) is in the breathtaking rally it has enjoyed since 2012, whether in sterling or gold. The average London house went from 150oz to almost 450oz. From low to high it nearly tripled.

The market got massively overheated by about 2015-16 and has since pulled back. We now have atrophy at the top of the market, thanks to George Osborne’s higher stamp duty, and central London, agents report, appears to have pulled back by 10% or 15%. In gold terms, we are back at 350oz.

Unlike the rest of the UK, we are nowhere near the ("cheap") early 1990s levels of around 200oz.

Where London goes next depends, to my mind at least, on the current chancellor. Stamp duty is punitively high: it’s 10% above £925,000 and 13% above £1.5m – even more for second homes. It’s killed the top of the market.

But despite lower transactions levels, revenue to the Treasury is also high, so that will be a deterrent to any chancellor wishing to reduce it. If stamp duty stays high, London property heads lower. If it doesn’t, then the outlook is brighter.

> Dominic Frisby: https://moneyweek.com/uk-house-prices-gold-a-better-bet-than-uk-property/

[drbubb]

Downwards Drift in many prices

  ==== : Fye'16 : Fye'17 : +-%chg :   03/02 :  03/29  :  04/27 :  06/01 :  06/08 : 06/15 :  06/22 :
Gold : 1151.7 : 1309.3 : +13.7% : 1323.4 :  1327.3 : 1323.4 : 1299.3 : 1302.7 : 1278.5 : 1270.7 :
GLD- : 109.61 : 123.65 : +12.8% : 125.39 : 125.79 : 125.50 : 122.49 : 123.01 : 121.34 : 120.34 :
SPY- : 223.53 : 266.86 : +19.4% : 269.08 : 263.15 : 266.56 : 270.94 : 278.19 : 277.13 : 274.74 :
SPX- : 2238.8 : 2673.6 : +19.4% : 2762.1 : 2691.3 : 2640.9 : 2669.9 : 2734.6 : 2779.0 : 2754.9 :
Sp/Au 194.4%: 204.2%: ====== : 203.4% : 199.0%: 201.7%: 210.5%: 213.3%: 217.4% : 216.8% :
XLE : $75.32 : $72.24 : -4.09%: $66.95: $67.41: $73.82 : $76.38 : $76.90 : $74.17 : $75.15 :
WTIc: $53.72 : $60.42 : +12.4% : $61.25 : $64.94 : $68.10 : $65.81 : $65.74 : $65.06 : $68.58 :
Au/Wt:  r-21.4 :  r-21.7 : ====== : r21.61 : r-20.44 : r-19.43 : r-19.74 : r-19.82 : r-19.65 : r-18.58 :
Ngas: $3.350 : $2.950 : - 11.9% : $2.690 : $2.730 : $2.770 : $2.960 : $2.890 : $3.020 : $2.940 :
Cop'r: $2.510 : $3.305 : +31.7% : $3.120 : $3.030 : $3.050 : $3.100 : $3.300 : $3.140 : $3.030 :
Weat : 408.00 : 426.25 : +4.47% : 500.00 : 451.00 : 498.50 : 523.12 : 520.00 : 499.50 : 504.25 :
Corn : 352.00 : 350.75 : - 0.36% : 385.25 : 387.75 : 398.50 : 391.50 : 377.75 : 361.25 : 357.25 :
CRB- : 192.51 : 193.86 : +0.07% : 194.12 : 195.36 : 201.39: 201.71 : 200.04 : 196.24 : 197.53 :
DBA : $19.97 : $18.76 : -6.06%: $19.39: $18.18: $19.22: $19.14 : $18.77 : $18.46 : $18.21 :
D/crb: 10.37% :  9.67% : ====== : 9.90% :  9.31% :   9.54% :  9.49%  :  9.38%  :  9.41% :  9.22% :
Xle/D: r-3.770 : r-3.850: +2.14%: r3.453 :  r-3.707 : r3.841 : r-3.990 : R-4.097 : r-4.018 : r-4.127 :
DXY- : 102.38 : $92.30 : - 9.85% :: $89.91 : $89.81 : $91.53 : $94.16 : $93.54 : $94.45 : $94.18 :
TLT- : 119.13 : 126.86 : + 6.49% : 118.35 : 121.90 : 118.89 : 120.30 : 119.53 : 120.38 : 120.53 :
====
Gold : 1151.7 : 1309.3 : +13.7% : 1323.4 : 1327.3 : 1323.4 : 1299.3 : 1302.7 : 1278.5 : 1270.7 :
Au/hd: r1.401 : r1.58E : ====== : r-1.587 : r-1.569 : r-1.519 : r-1.55E : r-1.571 : r-1.543 : r-1.??
Hold : 822.17 : 830.00 : +01.0% : 833.98 :  846.12 : 871.20 : 838.EE  : 828.78 : 828.76 : 8---
WPM : $19.32 : $22.27 : +15.3% : $19.32 : $20.37 : $21.35 : $21.91 : $22.17 : $22.15 : $21.69 :
GDX- : $20.92 : $23.24 : +11.1% : $21.49 : $21.98 : $22.73 : $22.31 : $22.36 : $22.23 : $22.18 :
Gdxj : $31.55 : $34.13 : +8.18% : $31.73 : $32.15 : $33.03 : $32.80 : $32.78 : $32.71 : $32.78 :
SIL - : $32.11 : $32.64 : +1.65% : $29.95 : $30.72 : $30.94 : $30.54 : $30.21 : $29.57 : $29.30 :
/SLV: R2.053 : R2.042 : - 0.54% : R1.924 : R1.994 : R1.987 : R1.978 : r1.914 : R1.910 : r1.890 :
SLV- : $15.64 : $15.98 : +2.08% : $15.56 : $15.41 : $15.57 : $15.44 : $15.78 : $15.60 : $15.50 :
Silvr : 16.580 : 17.150 : +3.44% :  16.470 : 16.268 : 16.500 : 16.440 : 16.780 : 16.480 : 16.460 :
PHM: $18.38 : $33.34 : +81.4% : $28.95 : $29.49 : $31.06 : $30.36 :  $32.56 : $30.37 : $28.78 :
EEM- : $35.01 : $47.30 : +35.1% : $48.13 : $48.28 : $47.26 : $46.33 : $46.33 : $45.23 : $43.92 :
ShCm: 3103.7 : 3307.2 : +6.56% : 3254.5 : 3168.9: 3082.2 : 3075.1 : 3067.1 : 3021.9 : 2889.8 :
PhpSi: 6840.6 : 8558.4 : +25.1% : 8458.6 : 7979.8: 7721.0 : 7630.3 : 7740.7 : 7529.5 : 7063.2 :
XLF-  : $23.25 : $27.19 : +16.9% : $28.44 : $27.57: $27.70 : $27.48 : $28.08 : $27.47 : $27.07 :
IWM- : 134.85 : 152.43 : +13.0% : 152.35 : 151.83: 154.60 : 163.84 : 166.52 : 167.81 : 167.82 :
F/iwm 0.1724 : 0.1784 : =====  : 0.1867 : 0.1816 : 0.1791 : 0.1677 : 0.1686 : 0.1637 : 0.1613 :
BTC-- : $948.5 : 13,100 : x13.8X : 11,117 : $7,401 : $9,230 : $7,432 : $7,620 : $6,545 : $6,138 :
==== : Fye'16 : Fye'17 : +-%chg :   03/02 :  03/29  : 04/27 :  06/01 :  06/08 :  06/15 :  06/22 :

NEW LOW in DBA - the Agri-grain etf

DBA / Invesco DB Agriculture Fund ... update

Ratio: XLE-to-DBA

Ratio: SLV -toDBA

==

[drbubb]

PRESSURE on China... & other Emerging Markets

CN:ShComp ... 3-yr :

India:Sensex ... 3-yr :

PH:PSEI ... 3-yr :

WARNING ! De-coupling Underway, as a strong US economy raises: inflation & interest rates

Well over a month ago we warned our followers of a “capital market shift” that was taking place in the global markets.  Nearly 3 months before that time, we warned that China's economy was about to enter a sustained economic downtrend cycle that could be dangerous to the global markets.  Today, we offer further evidence that the global markets are, in fact, shifting away from a price correlation to the US Majors and this move could be a warning sign that emerging markets and global markets could lead the world into an extended stagflation cycle.

Think about this for a minute, as we briefly discussed in our last article, what would happen if the US markets continued to rally on a strong economy with strong consumer participation while the US Fed was slow to raise interest rates while supporting a transitional shift of the US economy towards more manufacturing, technology, and expectations?  How would the world's economies react to such a shift given their current economic cycles and opportunities?  Would they be able to keep up with the US or would they start to trail further and further behind the US?

It is our belief that any continued strengthening of the US economy could, in fact, present real dangers for many of the world's economies simply because they may fall completely out of sync with the US stock market as their currencies, economies and consumer expectations fail to keep up with the US capabilities.  How all of this will play out over the next few months/years is our concern.  We know it will result in some tremendous trading opportunities for investors, but it could also create a new class of undervalued assets that could present some real long-term opportunity over the next 20+ years.

. . . What about India & SE Asia?  Our custom India index has shown relatively FLAT recent price activity compared to the SPY.  Overall, our opinion is that India has yet to completely diverge from the US majors and we urge all investors to be aware that any further price breakdown in this India custom index will warn that the Indian/SE Asian economies are losing their battle to stay correlated to the US markets going forward.  Right now, there is evidence of weakness in the India custom index – yet there are limited signs of a broken correlation to the US markets.  It certainly shows that this price disconnect could be happening and likely is happening – yet we don't have clear signs that this custom index is breaking to new lows (yet).

> more: https://www.marketslant.com/article/warning-all-investors-global-market-are-shifting-away-us-price-correlation

Stagflation? Nearly always BAD for Stock markets

Inflation in the U.S. accelerated during May to the fastest pace in over six years, reports Bloomberg. The consumer price index (CPI) rose 0.2 percent from April and 2.8 percent from a year earlier. Average hourly wages, however, were unchanged from May 2017 when adjusted for inflation, which shows employees’ incomes were stagnate.  The trend of no growth in real purchasing power for employees cannot go on forever.  The first rounds of teacher strikes this past school year likely won’t be a onetime event or one sector of the economy shock.  Labor markets are tight.  Immigration labor is being choked off from participation in the future which should lead to increased Unit Labor Costs.  Cornerstone Macro notes that Unit Labor Costs accelerated sharply in the 1970s driven by a jump in compensation gains which led inflation and gold during that decade.

> http://www.kitco.com/commentaries/2018-06-18/SWOT-Analysis-Confirmed-Interest-Rate-Hike-Inspiring-Bullishness-in-Gold-Traders.html

[drbubb]

SIL / Global X Silver Miners ETF

Weekly ... All : 10-yr : 5-yr :

[drbubb]

 

  

Former gold bear turns bullish on the metal for the first time since election from CNBC.

[drbubb]

SBUX / Starbucks ... 2yr :

Can STARBUCKS be fixed?

Drinks no one wants, too many stores, not enough innovation.

Starbucks' new CEO Kevin Johnson identified these as the main problems bugging US Starbucks. He has a plan to fix them.

"Our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Johnson said during the Oppenheimer Consumer Conference on Tuesday. "This next chapter starts to think about growth at scale."

 

Johnson thinks that in the United States, the coffee chain is being dragged down by out-of-date beverages and some underperforming stores. He expects sales to grow just 1% next quarter. The stock fell 9% between Wednesday and Thursday.

But mobile payments and an improved digital strategy offer a huge opportunity for growth, Johnson believes. And Starbucks can get even bigger.

[drbubb]

PSEI - vs. ALI, SMPH, MEG & BPI .. 10yr : 5yrW : 2yrD : 6moD : 10d / Late June'18: PSEI may be Rolling Over !

6/25/18: PSEI - 7,134 / ALI:37.60 (0.53% psei), SMPH:33.95 (0.48%), MEG:4.47 (0.063%), BPI:87.85 (1.23%)

PSEI is not keeping up with indices in Other countries

PSEI - vs.Other ... 10d :

[drbubb]

STOCKS SPOOKED AFTER TRADE THREATS...

Dow drops more than 300 points as investors brace for further Trump trade actions against China

• The Dow closed below its 200-day moving average, a key technical level, for the first time since June 2016.
• Harley-Davidson shares fell about 6 percent after the company announced it will shift production of motorcycles headed for Europe to factories outside the U.S. The company sold nearly 40,000 bikes to the European Union, second only to the U.S.
• “Regardless of how one thinks this should all be handled, the means to the intended end is immediately having negative real world impacts,” notes one expert

The Dow rebounded slightly in the final hour of trading after Peter Navarro, a top trade adviser to President Donald Trump, said on CNBC that investment restrictions against China and other countries are not immediately forthcoming and that the market was overreacting.

“He basically said ‘hey guys, it's Trump playing the ‘Art of the Deal’ with China,” said Scott Redler of T3Live.com.

“This is a case where you have widespread optimism and that leaves little room for error,” said Willie Delwiche, investment strategist at Baird. “It leads to a scenario where you sell first and ask questions later.”

[drbubb]

STRADDLE Trading

SPY-Jan'2019 $285puts ... update

I have been trading around a straddle position that I bought back in Jan - booking a profit each time I close a trade

12/31: 266.86 ==== : ===== / 11.04% / Jan2019: b-o: $285P / $285C: Straddle/  J2020 (%SPY) d>1.18 /Sqrt= aVix : %VIX
02/02: 275.45 - 6.13  - 2.18%/ 17.31%/ $19.43-19.85: $19.64 / $11.25: $30.89 / $48.00 (11.21%) 351d /.981= 11.43: 66.0% :
06/21 : 274.24 - 1.74 - 0.63%/ 14.64%/ $15.67-15.92: $15.70 / $06.13: $21.83 / $41.65 (07.96%) 212d /.762= 10.45: 71.4% :
06/25 : 271.00 - 3.74 - 1.36%/ 17.44%/ $17.79-18.19: $17.99 / $05.38: $23.37 / $43.00 (08.62%) 208d /.755= 11.42: 65.5% :
06/27 : 269.35 - 2.25 - 0.87%/ 17.91%/ $18.92-19.27: $19.10 / $04.69: $23.79 / $42.00 (08.83%) 206d /.751= 11.76: 65.6% :

Next planned move will  be to sell Jan. Puts.

I recently sold $285C at $8. They closed yesterday at $5.38

 

[drbubb]

REALLY?  Don't be too quick to Buy this

Lower Gold Prices Today Complete Death Cross Pattern

Kitco Commentary 06:57PM

Gold futures closed down $3.10 today, with the August Comex contract currently fixed at $1,267.60. This three-dollar decline completed a pattern that we identified last week called a "death cross". A "death cross" is created when the shorter-term moving average crosses below the longer-term moving average.

This pattern is created from a 200 and a 50-day moving average. As such, these time parameters for each moving average are used to gauge short and long-term market trends. The short-term average crossing below the long-term average can signal the point in time in which a short-term correction has become a long-term selloff. As such, it can undoubtedly be indicating that gold prices could deteriorate further to much lower pricing.

Historically speaking, since 2013 there have been two instances of a death cross which occurred just before a significant selloff in gold pricing. There have also been two times in which a golden cross was identified (when the short-term moving average moves back above the long-term moving average) resulting in higher pricing.

However, there is also an occurrence in which the moving averages crossed back and forth over a 10-month time span, in essence, indicating a tight sideways market range until a final cross signaled dramatically lower pricing.

 

The most significant of the two occurrences of a death cross pattern occurred at the beginning of 2013 when gold was trading at $1,660 per ounce. The moving averages did not cross back to a golden cross until the end of March 2014, with gold trading at $1,267 per ounce. Also during that period in time, gold prices traded to a low of $1,190 per ounce on two occasions.

In November 2017, gold was trading at approximately $1,275 per ounce when another occurrence of a death cross appeared. From that moment, gold prices plunged to $1,120 before recovering.

The fact of the matter is that there are historical examples in gold in which this pattern forewarned of an imminent and dramatic price drop. Although there are also instances of this pattern flipping back and forth between a dead and golden cross in the market-rate sideways, this pattern is not to be taken lightly. When it is correct in indicating a selloff, that selloff can be dramatic and long-term.

MY GLD CHARTS

Cross #1 : 50d vs 200d ... update

Cross #2 : 55d vs 233d ... update : No Cross (yet)

Cross #3 : 55d vs 252d ... update / GBS.L : 3yr : 6mo :

==

[drbubb]

Hang Lung Group is getting interesting (again)

HK10 ... update : 3yr : 10d / last HK$22.50

[drbubb]

EUR versus Gold etfs ... update

[drbubb]

If JPMorgan Gaps Below Its 200-day Simple Moving Average Then A Bear Market For Stocks Will Follow

By: alexmark

Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://www.whatreallyhappened.com/#ixzz5Ja7mW7Xl

[drbubb]

RUSSIA DUMPS $47 BILLION OF US SECURITIES, MASSIVELY BUYING GOLD

In a further sign the US is losing the dominance of the world’s economic system which it has enjoyed since the end of World War 2, Russia is massively divesting from US securities.

In April, Russia dumped $47 billion in US bonds – roughly half of the US debt it holds.

US President Trump’s escalating tariff war, plus ever-expanding US sanctions on Russia, could also be contributing factors to Moscow’s decision to increasingly ditch dollars.

In exchange, Russia is turning to an ancient and time-tested store of value: gold.

The question is, as the US trade war with China escalates, will Beijing follow suit?

Here’s more from RT:

US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds.

This could very badly impact the value of the US debt bonds for other countries looking to get away from the dollar as well.

Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://www.whatreallyhappened.com/#ixzz5JaIkhNQl

[drbubb]

Globe & Jack Ma (Ant Fin'l) to use blockchain in remittances

"The service is the world's first blockchain based cross border digital remittance business"

"Provides a secure, fast, transparent, convenient & low-cost way to transfer funds from HK to PH"

Instead of going to a remittance booth, the remittance can be done using a mobile phone

Ant Financial taps blockchain technology to offer cheaper international money transfers

Filipino workers in Hong Kong to benefit from cheaper remittance service

Ant Financial Services has taken a step towards dramatically lowering the cost of sending money overseas, in a move that will help the hundreds of thousands of Filipinos working in Hong Kong.

These workers collectively transfer about HK$4.4 billion (US$561 million) annually to family and friends back home and, by using revolutionary blockchain technology, Ant Financial – an affiliate of Alibaba Group Holding – aims to eventually cut the cost of these remittances to near zero.

> MORE - MakPr thread: http://www.greenenergyinvestors.com/topic/21388-bitcoin-crypto-blockchain-digital-revolution-in-ph/

[drbubb]

[drbubb]

Growing deficits to push debt to almost 100% of GDP...

XLF / Financials ... update

Bank Stocks On Historic Losing Streak...

• S&P 500 Financials Index falls for 12th straight day
• Financial Select Sector SPDR Fund ETF sees 8 days of outflows

Bank stocks just hit a record -- a record of losses.

The S&P 500 Financials Index fell for the 12th straight day Tuesday, the longest losing streak on record. Coming into the year, many cited the tax overhaul and a rising rate environment as reasons for banks to rally. Instead, they’ve endured pressure from a flattening yield curve. The losses also come ahead of the final phase of the Federal Reserve’s annual stress tests and waning consumer confidence.

“They’re facing a rising rate environment, which historically has been fairly positive for banks,” Mona Mahajan, U.S. investment strategist at Allianz Global Investors, said on Bloomberg Television. “What we’re seeing here is the shrinking yield curve is actually not a good sign for the banks. Obviously, they like to borrow short, lend long, and if that yield curve is shrinking, that margin goes down as well.”

[drbubb]

uglier ... UPDATE

‘Godfather’ of chart analysis says stock market now dealing with ‘uglier action’ MarketWatch

Dow Jones Industrial Average turns negative as stocks add to losses in afternoon trading MarketWatch

[drbubb]

( a few of the stocks I am holding now )

Gran Columbian Gold - the gap is filled (at last) !

GCM / Gran Columbian Gold ... update

AXM.v / Axmin ... update

LOT.v / TomaGold ... update

( I sold some of these into the move up into the price spike - should have sold all, but thought the price could hit $1.00 )

IMA.t / I-Minerals ... update

[drbubb]

Decades of Liberal insanity may be ending

Kennedy Resigning, end of July

Worse, Badder Ginzburg may be next

If Trump had more of a sense of humor, he could replace her (temporarily) with Woody Allen, and see if anyone notices

Kennedy was the second-oldest member of the court. The oldest, Democrat Ruth Bader Ginsburg, is 85 and has been treated for pancreatic cancer.

The next oldest after Kennedy is another liberal, Stephen Breyer, who is 79.

[drbubb]

On 6/16/2018 at 3:26 AM, drbubb said:

" Are you still bullish DrB? " - H.

EUR-vs-SLV etc ... update : SIL-vs-FRES :

SIL-vs-SLV ... update

Possibly SLV or SIL this could be a great buy here, given the big selloff. But I won't rush now*

It should make sense now to wait a bit, to see if there is a follow-through in today's very heavy sell-off.

I was planning to buy some CDE calls today, but decided to wait until next week (at least)...

CDE / Coeur Mining ... 12mo

I DID wait... and Finally bought CDE Calls after the big drop on Tuesday's Opening

CDE - etc ... update