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Between Wednesday evening and midday Thursday, there was enough news headline roulette and ensuing moves to whipsaw nearly every market, more than once. It started last night with Trump tweeting that he was going to delay the imposition of tariffs as part of a goodwill gesture toward China. Predictably, that caused the SPOOs to soar and collateral damage to gold.
NIRP It In the Bud Then, early this morning it was Mario Draghi’s turn to create some news when the ECB announced that it was going to reduce interest rates by a whopping 10 basis points to -0.5% and begin bond-buying to the tune of $20 billion a month. Draghi himself is the embodiment of the definition of insanity, i.e., doing the same thing over and over again and expecting…more
Last year’s posts for Ask Fleck
Q: “the three major averages look like they may be in the process of completing the right side of a very large head-and-shoulders pattern”
What time scale?
Fleck: Daily is most obvious, though if the averages run a little higher, that will be negated.
A great interview with Bob Rodriguez formerly of FPA Advisors.
May I ask you what bank or research house writes the best fundamental research on precious metals companies, if any?
Fleck: Sorry, as near as I can tell they are all about the same, and not very useful at all.
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