1…………>Market Report 02/06/2018, sell 24,600, CG(4380), 11/22/17
Short position closed at 24912, triggering cover short stop at 24500 with indicating a gain of 1900 DIA points upon closing short position. New position long DIA at 24500 with a stop at 24600 for a paper gain of 312 points.
Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with Democrats screaming murder as a close look at the new FISA memos that are suggesting an incredible Constitutional crisis brewing, a crisis that may reach the very leaders of the “opposition party”. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in down trend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.
We warned long ago that an organized attempt to remove President Trump from office and if this activity is not curtailed soon, market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
Stocks were up 567 to 24913, DJ futures at -27
Gold down to 1332.6 and USD/CHF up to 0.9354 due to intervention crosscurrents. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 25,800. We have to wait and see if new Fed chair Powell will attempts to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires supporters of the New World Disorder.
2…………> Trump & Stock Market: Love & Hate
President Trump did not have the chance to weigh in stock market since a big selloff began at the end of January, dropping nearly 8% off the S&P 500 (^GSPC) since January 26, and culminating in the biggest-ever one-day point drop in the Dow Jones Industrial Average (^DJI) loss of 1175, then sharply reversing the next day with a gain of 567 points, triggering short covering in a move famous among professional traders as a “bear trap”.
What exactly is going on? It is simply a re-arrangement of the major money flows by changing the guard at the Federal Reserve, the invisible, un-elected, answerable to no one “Deep State” true government of the US, with the expulsion of the completely inept and irresponsible Janet Yellen, who printed money when she was sad, printed money when she was mad, printed money and exceeded her mandate by dropping rates to nearly negative, robbing savers(mostly the seniors) out of hundreds of billions of dollars in support of the convoluted economic vision of our 1st Muslim President, Grand Ayatollah Barack Obama.
Now with Mr.Jerome Powell at the helm, markets are expected to normalize; i.e. let the forces of supply and demand determine the equilibrium points of prices, instead by faceless bureaucrats following orders from the globalist wing of the Council of Foreign Relations.
3………..> Stop Female Mutilation: ICE
“We continue to partner with the FBI, non-governmental organizations, and governmental partners both domestically and internationally to identify potential victims and those who conduct female genital mutilation,” explained unit chief Mark Shaffer, of ICE’s Homeland Security Investigations (HSI) Human Rights Violators and War Crimes Center. “If HSI can help prevent this from happening, it is a win for everyone.”
Female mutilation and cutting refers to cutting and other procedures that injure the female genital organs for non-medical reasons.
“Female genital mutilation/cutting (FGM/C) is a violation of the rights of women and girls that leaves lasting mental, emotional and physical scars,” said Chris Hacker, Deputy Assistant Director of the FBI’s Criminal Division. “The FBI’s work investigating human rights issues such as FGM/C is among the most important work we do, safeguarding children. We will continue to work with our partners at U. S. Immigration and Customs Enforcement to protect vulnerable members of our community, and bring to justice those who have harmed young girls.”
4…………> Ready For War: China
Rumors abound that 30,000 PLA troops had been transferred to the border of Comrade Un’s kingdom to prepare for a possible war, and that new missile defense batteries are being deployed “near North Korean reservoirs by the Apnok and Duman rivers.” China’s Ministry of National Defense Information Office denied South Korean newspaper Chosun Ilbo report that some troops had been transferred and that new missile defense batteries had been emplaced along the border.
5…………> Scorched Earth: Obama Saboteurs
Nancy “Amy is not my daughter” Schumer, Chuck “I cried tears for the Muslims” Pelosi, The Russia probe, “deep state” conspirators, “Fake News” media & Co, all of those could potentially blow-up the Trump agenda, not forgetting the flood of lawsuits now filed by blue-state attorneys generals who have made no secret of their disdain for the administration’s policies.
“The Trump administration has trouble understanding the rule of law and that’s the reason Democratic attorneys general are filing lawsuits and winning them,” said Sean Rankin, DAGA’s executive director, as California Attorney General Xavier Becerra sued the Trump administration over fracking rules, New York Attorney General Eric Schneiderman announced his intent to sue the Trump administration for reversing the Obama-era Waters of the United States regulation and several East Coast states may soon band together to try to undermine the newly passed tax overhaul.
Please visit https://bibi1581stem.blogspot.com/ to read Bibi1581 historic blogs