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Global Stock Markets Fall Amid Growing Fears Over Deadly China Virus

Posted by Mr.Copper @ 14:06 on January 21, 2020  


Global stocks were down on Tuesday, with Asian markets posting the biggest drops, amid mounting concern over the rapid spread of a deadly virus in China—especially as hundreds of millions of people prepare to travel across Asia to celebrate Chinese New Year this weekend.

Travel, retail and luxury goods stocks all plunged on concerns that the wider spread of the disease would hurt consumer demand. Pharmaceutical stocks in China surged by their 10% daily limit, while shares of medical gear makers like facemasks also sharply rose. Airline stocks, both in the U.S. and China, also slumped on the virus news, anticipating its impact on travel plans:


Rumors of the first US Coronavirus case

Posted by ipso facto @ 13:57 on January 21, 2020  

Hey Buygold

Posted by ipso facto @ 13:56 on January 21, 2020  

Sounds good to me!

Gold a little stronger now.

Bloomberg Headline palladium set for biggest loss in five months on China virus

Posted by Mr.Copper @ 13:54 on January 21, 2020  


Hey Ipso

Posted by Buygold @ 13:28 on January 21, 2020  

If we could get the SM to really roll over this could turn into an exceptional day.

I’d like to see how we close if the SM ends down a couple hundred points.

Seems like a lot of the crap shares in my account are doing well today

Posted by ipso facto @ 13:09 on January 21, 2020  

Midgets I bought in a past age for real money which then fell to a few cents are catching a bid.

R640 – strange day indeed

Posted by Buygold @ 12:25 on January 21, 2020  

PM shares are going exactly inverse the SM and bucking the metals, although gold is up almost $1

Even some of the silver shares look pretty good like WPM, SSRM, FSM with silver down $.18

No clue what that means but in years past it’s meant the metals are going to rally sometime soon.

Sold my RGLD earlier @ $113.15 for a few beans, but I might end up regretting it tomorrow.

Would love to see the HUI retake 235 this week.

Black Monday ushered in a new era of investor confidence in the central bank’s ability to control market downturns

Posted by Richard640 @ 12:00 on January 21, 2020  
As long as people think the central banls will bail them out they continue to buy. The first truly modern global financial crisis unfolded in the autumn of 1987. That is when October 19th became infamously as “Black Monday. The Dow Jones Industrial Average (DJIA) dropped 22.6 percent in a single trading session. This loss remains the largest one-day stock market decline in history.
Black Monday ushered in a new era of investor confidence in the central bank’s ability to control market downturns. The actions by Fed Chairman Greenspan galvanized the mantras “buy the dip” and “don’t fight the Fed” and powered them to the top of trading lexicons
The article below argues this has also been a key factor in allowing the stock market to morph into a much larger symbol of the economy than it merits. At some point this will have to end.
 https://Buy The Dip, An American Tradition Since 1987.html

Haven’t seen a day like today in a long time–VXX is down 10 and VIX at 12.46 is up 43

Posted by Richard640 @ 11:44 on January 21, 2020  

11:39 am Tuesday–the 30 yr t-bond is up a big 1 and 14/32nds as savvy investors know stocks are about to rollover for at least a 10% correction–the 10 yr note is up 33/64ths–the trannies continue to sink–down 180–while the NAZ is unch.—this is how a major turn would be expected to act–ragged and divergence…as the diehards continue to robotically pump money into what they continue to see at their rock of Gibralter stocks on the major indexes…the HUI up 3.82 with gold down 3.60 & silver down 24…

today seems to be business as usual…but the main difference is that the major indexes have been red for more than 2 or 3 minutes which is a VERY BIG DEAL…T’will be very interesting for the rest of the day to see if the bears can get any significant sell off before the close…O, yeah, it’s fitting that the symbol for rampant speculation, TSLA  had a $28 gap up open and is still up, top tick, $33…

Reversal of fortune?

Posted by Buygold @ 10:22 on January 21, 2020  

Gold looking to go positive. HUI looking good. Shares overall looking pretty good.

Silver has a ways to go. I’m surprised.

Hopefully we can build on these early gains.

There will be no BIG stock mkt correction-

Posted by Richard640 @ 10:01 on January 21, 2020  

yes, bonds have a strong bid-but bell weather TSLA is up a big $28 and holding its gain.
Maybe a day like this…maybe a few more…this is as good as it gets for the bears…at least that’s how it appears as of 9:48am Tuesday…gotta see the last hour


Maddog–LOL–The virus was a preposterous excuse to use for todays itsy-bitsy dip…that said todays tape is interesting=especially with bonds so well bid V.S. gold and silver so strongly sold…is this how a revesrsal of a 10 yr bull mkt starts?? So innocuously??  The longest journey starts by the 1st step..

..Wolanchuk said last week that DOW 36,000 is now on the radar…but he was making such calls as he marched 100% long right into teeth of the 2000 and 2008 corrections.





Posted by Maddog @ 9:54 on January 21, 2020  

there was nothing to cause the sudden drop….the mkts opened reacting to the Chinese admitting this latest virus is transmittable between humans, so the SM dropped, Bonds and PM’s rallied…then out of nowhere PM’s got bombed…just like they always do.

The big diff now is someone is taking on the sellers….big time.

Shares don’t look horrible yet

Posted by Buygold @ 9:53 on January 21, 2020  

considering how badly silver is getting beaten down.

Picked up some RGLD for a flip @ $110.15

We’ll see.

First Majestic Announces 2020 Production and Cost Guidance

Posted by ipso facto @ 9:48 on January 21, 2020  


I’m ready for these guys to be taken out

Posted by ipso facto @ 9:45 on January 21, 2020  

Marathon Gold Reports Positive Mineral Resource Update for the Valentine Gold Project


@Maddog @Buygold re Sudden Drops In Metals

Posted by Mr.Copper @ 9:41 on January 21, 2020  

Maybe something was said in Davos Switzerland that had something to do with it. Big annual meeting going on over there. Pretty sure “poster” Donald might be there too.

More precious than gold: Why the metal palladium is soaring

Posted by ipso facto @ 9:23 on January 21, 2020  



Posted by Buygold @ 9:21 on January 21, 2020  

Yeah, the silver spanking came out of nowhere.

Never see them coming, I guess if it were to break $18 the world might end.

scum take Au, almost sub 1550

Posted by Maddog @ 9:15 on January 21, 2020  

Ag meanwhile well below $18 !!!!!

B2Gold Corp. Announces Positive Results from the Updated Preliminary Economic Assessment for the Gramalote Project in Colombia and Assumes Role of Manager of the Gramalote Joint Venture

Posted by ipso facto @ 9:06 on January 21, 2020  


Just listened to The Donalds speech in Davos

Posted by Maddog @ 9:02 on January 21, 2020  

He just made every other leader look like a pygmy on the economy !!!!

Morning Buygold

Posted by Maddog @ 8:19 on January 21, 2020  

Palladium is extraordinary, just shows what a b it of money an do to a small, tight mkt…..imagine what Silver would do, if the scum were forced to deliver all their shorts….!!!!!!

Morning Maddog

Posted by Buygold @ 7:35 on January 21, 2020  

Looks like we basically gave back yesterday’s gains, which is pretty typical for a holiday here in the US.

Palladium ain’t givin’ up nuttin’ tho. 🙂 Amazing run

USD down a little, SM futures down a little. Maybe pm’s will get a boost as the day goes on.

Good news they must have found a cure for the Coronavirus ….gold down $ 16.00

Posted by Maddog @ 4:19 on January 21, 2020  

or do the scum want silver back below $ 18 and Au sub 1550…..



Posted by goldielocks @ 2:30 on January 21, 2020  

Northam got caught with a picture of him in black face with a KKK picture where he was either one of them.
All of a sudden he’s worried about white suprematist as a threat? See the connection? This jerk is trying to redeem himself at the expense of everyone else by blame shifting. This affects all race anyways. Don’t look at me look at them. He’s a two faced idiot.
This isn’t about safety with their other open door policy’s it’s about himself.
Virginians need to flood their phones to legislators demand that they call for impeachment.

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