I have uploaded a markets update and social commentary podcast for July 23, 2017. Click here to go to the show archives page to listen. The latest show is on the top of the page.
Topics discussed –
-Precious metals update; silver retakes 16 and moves up to test 50-day mva. Gold busts above 1233 and the 200-day mva to retake 100- & 50-day mva. Platinum finally closes above 50-day mva. Weak dollar helping precious metals.
-Bonds looking fine.
-Oil closes week on a bearish note, closes below 50 day mva. Bearishness may follow through for a couple days
-Stocks are near-term overbought. Test of support may come over the next several days
-Dollar testing 52-week support. Looking weak
-Since the advent of the internet and social media, boom/bust cycles have been increasing in amplitude and speeding-up.
-The globalists use social media and the internet to engender fear and greed in the population. This speeds-up asset cycles and shakes loose the population’s assets to make them poorer and poorer.
-Eventually, the dumbed-down social media addicts will be renting everything as they won’t be able to make independent decisions.
-The human and sex trafficking crises as well as the missing children and person problems will all be solved. The globalists have the perfect solution. Contrived globalist-sponsored crises, with their solutions.