Degraaf's Weekend Report Dec 07/2018 AD

Transcription

1 Degraaf's Weekend Report Dec 07/2018 AD View this in your browser This is the report you have paid for with your subscription. It is NOT SPAM, nor is it a solicitation. Charts are courtesy Stockcharts.com unless indicated.

2 === >>> I wrote a short article titled: Chart of the Day, for Kitco.com. If you happen to see it on the home page under 'contributed commentaries', please click on it - Thanks! This chart courtesy NY FED shows credit card companies are closing accounts, as people fall behind in payments. This will make it more difficult for the FED to keep on raising interest rates.

3 This chart courtesy sources listed shows the amount of liquidity pushed into the system by four major central banks. Now that the punchbowl has been taken away, it's time for a hangover affecting stock markets around the world. If the hangover gets bad enough it will slow down or stop the current trend of increasing interest rates, due to fear of a recession.

4 This chart courtesy Nick Laird shows Russia added 900,000 ounces to its reserves in October.

5 This chart is also courtesy Nick Laird and it shows 30 tonnes of gold were delivered to the SGE last week.

6 Featured is the daily gold chart. Price is breaking out at the $1240 level.. The supporting indicators (SIs) are positive. The first target is at the green arrow. When gold breaks out above the green arrow, the target will be $1310. The number of ounces backing GLD is unchanged. The GDI closed at 65% compared to 59% the day before. The COT report is delayed until Monday.

7 Featured is the weekly gold chart. The green arrows point to bottoms in the 7-8 week gold cycle, the brown arrows point to tops. Next week is number four in the current cycle. The blue arrow points to price breaking above the 200 week moving average for the first time since July.

8 This chart courtesy Google.com shows interest in gold is rising. The latest number is 71. The Kitco survey is quite bullish for the coming week. While it is probably correct for the week as a whole, the contrarian view is to expect weakness during the early part of the week.

9 Featured is GDX the miners ETF. Price is carving out a bullish ARAT formation. A breakout at the blue arrow will confirm the pattern and turn the trend bullish. The SIs are positive.

10 Overbought - Oversold indicators, courtesy Nick Laird. The first three become overbought above 50%, and are considered oversold below 50%. The last four are linked to the 200 day moving average, and become overbought above zero and oversold below zero =>Triggers. The following ETFs, Trusts or Funds are either in short - term uptrend, moving sideways or in downtrend. Trending Higher (10 out of 10): CEF; GDX; GLD; HNU.TO; NUGT; PALL; TAN; UNG; Trending higher but at a slower rate (7.5 out of 10): TIP; UUP; $BCOMGR; Trending sideways (5 out of 10): CYB:UUP; DBA; DBB; GDXJ; SIL; SLV; USERX; ZJG.TO; Trending lower (2.5 out of 10): COPX; DBC; DBO; GLD:TLT; HOU.TO; SPY; URA; $BCOMIN; $GNX; Trending downwards (0 out of 10): GBTC; KBLT.V; LIT; OIH; PPLT; XLE; $XNG; $XOI; The total of the three top sections of the Triggers is 137, compared to 130 from

11 the day before. This is a BUY signal. As always, please do your own due diligence, and use protective sell stops.... We will be happy to analyze the stock of your choice. The cost is It consists of an annotated chart with commentary This chart courtesy Nick Laird shows 425 tonnes of silver were delivered to the SGE last week.

12 This chart courtesy Google.com shows interest in silver is unchanged from last week, ending at 68

13 Featured is the daily silver chart. Price found support at the 50DMA and is now headed for the top of the trading range. A rise above the green arrow sets up a target at the brown arrow. The number of ounces backing SLV is unchanged. ===>>> This Model Portfolio is part of the report, at least three times a week. Each report will show the trades that were completed since the last report, and the

14 welcome. bottom of the report will show my portfolio. Your comments are always Since I do most of my trading on the TSX, I will show the stock symbol for the US equivalent in brackets. Note: when trading a pink sheet listed stock, you should always buy or sell using a specific price - never a 'market' order. To benefit from this feature, pull up a chart for any of the symbols that I buy or sell. Determine if you want to do likewise (or perhaps do the opposite). If you re not sure of the fundamentals, - Google the name of the company. This will take you to the company website. Always make sure the index or ETF that represents the sector is in harmony with your trade. (Make use of the Triggers). I apologize for the short time I stay in some stocks, but this is all based on chart patterns. If the chart pattern changes from positive to negative I run. Here are some of my trading habits: I eliminate all emotion. Stocks are simply vehicles that I use to improve the bottom line. I pick a stock or commodity because I think the chart pattern looks good. I pick a sell stop to get me out of the trade if it goes the other way. I write my stops down behind each stock so that several times a day during trading hours I can make sure the stop has not been hit. I adjust the stops before the next trading day. I look at a loss as an opportunity to get into a winner. I use the 20 day and 30 day exponential moving averages at Stockcharts.com to help me decide when to buy and when to sell. Then I draw a channel, just as I do in the reports I issue. As long as the stock stays in the channel, I ll keep it as part of the portfolio. Next I look at the supporting indicators especially the Accumulation/Distribution line. When a stock or commodity becomes overbought (such as trading near the top of the channel, or making a double or triple top), I try to sell 50% of my position into that level. Over time I replace these stocks during pullbacks. Finally I make sure that the sector in which the stock or commodity operates, is

15 moving in the same direction as the stock of commodity that I am about to buy, is heading.one transaction on Friday. I purchased shares in K.to at 3.84; I am 96% invested. Here is my Portfolio: ABX.to (ABX) Large gold producer with a number of mines. CNE.v Natural gas producer in Colombia DEF.V (DNCVF) silver explorer in Mexico E.to oil and gas services provider EGM.v, gold in BC HFD.to shorting the Canadian financial sector ETF. HGU.to gold bullion ETF similar to GDX HNU.to natural gas ETF, similar to UNG HSD.to ETF for shorting the S&P 500, (similar to SH) IBAT.ca (RHHNF) producing Lithium Batteries K.to (KGC) producing gold at a number of mines. LIO.v, gold in Fiji NUGT gold bullion, with 3x leverage (not for the faint of heart). PSLV, silver trust SSL.to (SAND) gold and base metals royalty company. ZJG.to, junior explorers and gold mining shares (similar to GDXJ) Please do your own due diligence. I am NOT responsible for your trading decisions. Note: Once a week (AM Tuesday), this report is sent free of charge to people who have not yet decided to become subscribers. You may invite people to ask for this part of our service. Details at The value of my portfolio is up 14% from same date last year. Gold is down 1%. Silver is down 10%. The S&P 500 index is up 1%, the TSX is down 8%.

16 Featured is the US dollar index. Price is carving out a bearish rising wedge. A drop below the brown arrow sets up a target at the green arrow. The SIs have turned negative.

17 This chart annotated by Jeff Clark, shows the monthly S&P500 index with warning signs from the longer MACD at the bottom. Member in good standing. === >>> Food for Thought is next. --- >>> Food for Thought

18 Most Jewish people don t believe in Jesus (Yeshua), because they re taught it s not Jewish to believe in a Messiah who dies for sins. But in recent years, a text in one of the Dead Sea scrolls, kept hidden from the public, came to light. It s called text 4Q285. It says of the Messiah, They will kill the prince of the people. In other words, it s Jewish to believe in a Messiah who was killed. The Dead Sea scroll continues, They will kill the prince of the people with hallal. Hallal is the same word found in Isaiah 53 where it is written, He was pierced through for our transgressions. The word pierced through is hallal. The scroll, hidden in the Judean desert for 2000 years and then from the public for another 40 years, declared that Messiah would be killed in the same manner as the Suffering Servant of Isaiah 53 - through piercings. Even the Dead Sea Scrolls bear witness to this fact: the Messiah actually did give His life for you, and there is only one way to respond to this fact live your life for His glory...courtesy hopeoftheworld.org DISCLAIMER: Please do your own due diligence. Investing involves taking risks. I am NOT responsible for your trading decisions. Happy trading! Peter Degraaf ><:P.D:> itiswell@cogeco.net Copyright 2018 Peter Degraaf Investments., All rights reserved. Our mailing address is: Peter Degraaf Box Fort Gratiot MI USA

19 Also 611 St. Clair St. Point Edward ON. N7V 1P2 Canada Whenever you try to reach us, the quickest way is by using this address: