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Gold Train

Posted by Maya @ 23:18 on November 11, 2019  

rrflasher-copy

Climbing up the Animas valley to Silverton
https://railpictures.net/photo/711184/

 

traditions…

Posted by treefrog @ 22:49 on November 11, 2019  

not many of us know how our traditions about christmas began.

 

the angel at the top of the tree:

 

one winter, early in december, many years ago, santa was having a hard time…

mrs claus had pms and had told santa one evening that she expected an extended visit by her mother (santa’s mother-in-law) after the first of the year.  this caused santa to have more that his accustomed amount of schnapps before bed.

he awoke with a mild hangover, and found his way downstairs to breakfast.  the toast was burnt, and they were out of his favorite strawberry jam.  he spilled a little coffee on the front of his tunic.  mopping at himself, he headed for the workshop.

production by the elves was behind schedule, and santa had to revise the schedule, adding two hours of overtime to both shifts, and going to a seven day week.  the shop steward of the elven union reminded him that in the terms of the new contract, over 40 was time and a half – and sunday was doubletime.  unable to delay his annual trip, santa had little choice but to agree.

muttering darkly, he left the workshop and went to the stables to check on the reindeer…   dancer and blitzen were pregnant, and rudolph was drunk again!  after a few phone calls santa was able to arrange to borrow replacements from a couple of neighboring niebelungs.  wondering what kind of paybacks he was getting obligated for,  he trudged to the sleigh shed.

here, at least, everything looked good.  the sleigh had been waxed and polished, and there was a new set of harness and reins for the reindeer.  the leather was supple and shiny, the brass fittings were brightly polished.  there was even a sack of completed presents on the shelf, ready to be loaded.  santa hefted the sack and dropped it into the cargo compartment behind the driver’s seat.  the floor of the cargo compartment, alas, had dry rot, and the sack fell all the way through and landed on the ground beneath the sleigh.

at this point, there was a knocking at the door of the sleigh shed.  when santa opened the door, there stood a beautiful little angel who said, “hello santa, i brought this year’s tree.  where do you want me to put it?”

and that, friends and neighbors, is how we got the tradition of the angel at the top of the tree.

 

So rates. fall?? Then gold’s gotta. rise, right??

Posted by Richard640 @ 22:31 on November 11, 2019  
The Morning LIne-RICK. ACKERMAN
Published Sunday, November 10, 6:30 p.m. EST
 

Yields Have Much Farther to Fall 

It often seem as though trade-deal news drives the markets, but how could this be so when we all know that China will never, ever change its crooked ways? Not that it matters. If Trump hadn’t started a tariff war, it would have made little difference in the way a bull market now in its eleventh year behaves; stocks would still be trading about where they are. The only difference is that the con-artists who make their living levitating stocks would have found a different story to drive the short-covering rallies that alone are capable of boosting the broad averages past old highs.

‘Phase One’ Forever!


When we read in the Wall Street Journal that shares have risen because traders supposedly were optimistic on a given day about the tariff talks, we understand that this is poppycock that is not even remotely true. Even so, the hair-trigger reflex of institutional investors is to buy stocks whenever there is the faintest bullish buzz, and to dump them the instant China responds with incredulity. Wednesday’s earth-shaking story was that a meeting to enact phase one of the deal has been pushed out to December. Stocks greeted this discouraging mid-day tidbit with spasms that lasted for all of ten minutes; then they settled back into their wonted, bullish groove. At this rate, the talks will drag on indefinitely without producing any tangible results. Although it has been clear for some time that this is what both sides want, it was not until this afternoon’s gratuitous spasms that investors revealed it is what they want as well.

Expect. at. least a. 20%. correction. if. not more….nah!….never mind…the. FED. has. created. a permanent plateau. of. prosperity

Posted by Richard640 @ 21:53 on November 11, 2019  
Fear. and. greed index at. 89
http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
 
 
plus. the. VIX. alarm is. ringing

 

When optimism is in oversupply, the stock market may be primed for a fall.

Traders are shorting a record number of futures contracts for the Cboe Volatility Index (VIX), writes CNBC’s Fred Imbert and Yun Li. And the VIX, which measures market volatility, is already near the lowest level it’s seen since July.

What this means is that the market is highly optimistic, despite an unknowable outcome to the U.S.-China trade war that has been eroding global markets for nearly two years.

“When you see a huge amount of complacency and excessive optimism … that’s when you oftentimes tend to get a snapback in the other direction,” explains Randy Frederick, vice president of trading and derivatives at Charles Schwab.

Maya

Posted by redneckokie1 @ 20:39 on November 11, 2019  

I attended two Veterans Day services at my grandchildren’s schools. I will probably never tell them of my distaste for the military and the government. The current situation has progressed to a point where one side will have to crush the other to exist.

I’m so glad I live in a red state.

rno

Buygold @ 17:31

Posted by Samb @ 20:09 on November 11, 2019  

Well, there has been a plethora of negative sentiment with the PM’s lately…so, I am trying to cheer it up a bit. There is nothing written in stone that Gold has to hit $1,400 or even lower. Mine IS just a guess as well but, at least I held off making one until now…at such time as I could better gage it thru all the noise. I’m antsy to go long again…maybe too antsy.

This already goes in and now this idiot turns it into a law.

Posted by goldielocks @ 19:53 on November 11, 2019  

So any jerk can make accusations without due process and take your guns.

Just when you think California couldn’t push the limits any further, Governor Gavin Newsom signed legislation last week to expand the state’s “red flag” laws into the broadest in the nation.
These new laws allow employers, co-workers, and teachers to seek gun violence restraining orders against other people. It also allows police, immediate family members, and roommates to ask a judge to temporarily confiscate guns and ammunition from anyone they think could be a danger to themselves or someone else.

It begins: CA governor signs broadest red flag laws in America, launches full assault on rights

Maya

Posted by goldielocks @ 19:44 on November 11, 2019  

Well put it this way my dear same era friend. You and few of my brothers would of been there if you had to protect this country. Looks like if the French didn’t try to colonize their country against their will they would of never looked to communist to help them and thus Europe again got us into another war supposedly from one side that wanted to be free from both.

Veterans Day

Posted by Maya @ 19:11 on November 11, 2019  

I cringe when people try to thank me for ‘my service’.  It makes sense to modern veterans from the all-volunteer Army.  But I am a Vietnam-era veteran, and it was a time of forced conscription and involuntary servitude.  I was the one who got ‘serviced’.  An entire generation of young folks like me had their lives wrecked, even if they survived.  We learned that the government is not there to protect American lives.  And the monster has grown even larger since then.

No…. I do not accept thanks for my ‘service’.

Good deal Samb

Posted by Buygold @ 17:31 on November 11, 2019  

Hope you’ve got it right!

Buygold @ 14:36

Posted by Samb @ 15:28 on November 11, 2019  

Well, silvers are usually the last to bottom into an ICL. That being said now even the silvers are arriving (due this week) into an ICL target zone. Up till now one could short without a worry that we had arrived into the bottom zone. Now till the actual bottom arrives it gets a bit more dicey. The projections vary with the pundits guessing 1450/1440 or 1400/1380 and some even go to 1300 or 1200. It’s all bullshit guessing imo. We should bottom from very shortly till the 1st week of Dec in time. Price is still a guess from 1440/1450 anywhere down to 1400. Gold was so strong in Oct. that I doubt that we will see it decline much below 1440 before the ICL bottom. Actually, one could buy any heavy dip in here and this Gold Bull market will soon rescue you. Time is on our side now. Expecting a down week this week or next and then its all over.

Buygold @ 14:36 re Gold Correction

Posted by Mr.Copper @ 15:26 on November 11, 2019  

Its been going on for two months already. A similar length correction happened earlier in the year. And the shares holding up pretty good may be a sign of a bottom. But who knows? Everything is so strange.

Gold up past year and a half

https://finviz.com/futures_charts.ashx?t=METALS&p=w1

Dollar up past year and a half

https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1

Mr. Copper

Posted by Buygold @ 14:36 on November 11, 2019  

Yeah, some of these silvers have held up surprisingly well given the onslaught in silver lately.

I’m hoping that’s the sign of an eventual bottom where the shares finally lead.

Can’t rule out Capt. Hook and more downside though, especially in gold.

Captain Hook @ 12:31 re “They are worried rising Gold will kill their stock market bubble”

Posted by Mr.Copper @ 13:20 on November 11, 2019  

You may be 100% right on all that, since I don’t play or pay attention to what goes on with derivatives  contracts. I keep hearing, and seeing that the Banker Bozos running things are afraid of a deflation setting in. Like the Bubbles popping that you mentioned, would be deflationary. This is why rates are kept so low.

So. It may be in THEIR better interests to keep gold higher. Falling Gold prices (on top of falling oil nat gas etc) would confirm a deflation situation. They may be willing to accept a gold bubble if their “everything bubble” (stocks bonds real estate) continues with Gold.

The “deflation bubble” is the lagging inflation of general wages of the tax PAYING public. The tax absorbing wages seem to over ride inflation. You can add Road building corporations, defense contractors, Medical establishment, and MANY Environmental law beneficiaries, even Auto mechanics, and auto part retailors benefitting with check engine lights slopping at the dwindling public trough.

Trough: A long, narrow open container for animals to eat or drink out of.

And Cheers to you to. 🙂

Canadian miner Semafo closes Burkina Faso mine until security can be assured after deadly ambush

Posted by ipso facto @ 13:10 on November 11, 2019  

Canadian miner Semafo closes Burkina Faso mine until security can be assured after deadly ambush

Why Has Smith & Wesson Been Going Up?? Trump administration moves closer to easing gun exports

Posted by Mr.Copper @ 13:00 on November 11, 2019  

I mentioned AOBC last week or so, because it keeps popping up high on my watch list. Now I see some news. Naturally, the prior decades of anti export, stifle US producers, is in reverse. Its always been “more for them, less for us” until the meltdown in the summer of 2008.

Bottom line. If “we” sell less” “they sell more”. So they made us sell less, and them more, for decades.

complete story:

https://www.reuters.com/article/us-usa-trump-guns-exclusive/exclusive-trump-administration-rule-changes-to-ease-gun-exports-progress-idUSKBN1XH2IY

parts:

WASHINGTON (Reuters) – The Trump administration has passed a key milestone in a long-delayed rule change that would make it easier to sell U.S. firearms outside the United States, including assault rifles and ammunition, people briefed on the matter told Reuters.

While the State Department is primarily concerned with international threats to stability and maintains tight restrictions on weapons deals, the Commerce Department typically focuses on making it easier for U.S. companies to sell products overseas.

“The move would reduce the regulatory burden and make industry members more competitive in the global marketplace with out reducing oversight,” to reexamine longstanding polices and regulations to ensure that U.S. industries have every advantage in the global marketplace,”

Domestic gun sales have risen in the past three months, according to estimates released on Tuesday by research consultancy Small Arms Analytics & Forecasting.

Mr.Copper @ 11:34

Posted by Captain Hook @ 12:31 on November 11, 2019  

Nope. As stated the other day, we were likely to get a bounce here due to increasing bearish speculators buying ETF puts, but unless this persists, the bankers will win and crush the futures speculators again. So if the consensus of ETF gamblers buy more calls than puts today, the computers will punish them tomorrow. (no fundamentals allowed)

They are worried rising pm’s will detract from their all important stock market bubble and implode it.

The bounce might last a few days, but it still looks like sub-$1400 gold is in the cards. (hopefully tight bullion conditions begins to take over after that as this would cause lots of troubles for producers)

Great world we live in … no?

Cheers

gdx and gdxj do far better than sprott in bulls mkts

Posted by Richard640 @ 11:41 on November 11, 2019  

gdx and gdxj do far better than sprott in bulls

  mkts.  over the last 10 years

(eg in 2016 bull leg, gdxj outperformed sii.to by factor of 2.5)

would have to have v good reason to use sprott rather than gdxj
 
at the same time pleased to hear sprott is bullish and getting ready for a bull, cos i am too

CDE up 4.38%, AG up 3.57%, SVM up 5%, HL up 3.6%, EXK up 3.19% PAAS up USAS Up, KL Up,

Posted by Mr.Copper @ 11:34 on November 11, 2019  

Plus OTHERS, and nobody’s talking about it? Along with Spot Gold and spot Silver DOWN?? Obviously the shares are saying to the bankers fake futures prices, “drop dead and go to hell” 🙂

aufever – added you to my reminder

Posted by Alex Valdor @ 11:00 on November 11, 2019  

Thanks !

Alabama man charged with a felony for slashing the ‘Baby Trump’ balloon .

Posted by Alex Valdor @ 10:54 on November 11, 2019  

A go fund me account was set up to raise $6000 for his defense and fine .

So far , the account has raised over $35 000 .
Now watch some activist judge raise the fine to take it all .

Alex Valdor

Posted by aufever @ 10:52 on November 11, 2019  

Count me in.
I live about an hour south of Orlando

BlindRN – I will keep that in mind

Posted by Alex Valdor @ 10:05 on November 11, 2019  

…and put a reminder on my calendar after my return to FL .
It would be nice to get a group of goldbugs together .

TreeFrog – thanks for the clarification

Posted by Alex Valdor @ 9:57 on November 11, 2019  

And I would personally rather be tied to a post 200 feet from a three man firing squad , than be on Hillary’s sh*tlist . My chances of survival would be better .

It doesn’t matter what your political views are

Posted by ipso facto @ 9:28 on November 11, 2019  

setting someone on fire is an incredibly evil act. Horrific!

Agent provocateur?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.