Was the US attack on Iran the right thing to do?
Total Voters: 31
Loading ...Yr problem looking for support in a parabolic rise, is that there is little obvious support……going back in time we have the Old Hi’s from 2011 @ 600 and that co-oincides with a 50 % pull back of the recent rise…..
That said parabolic rises rarely do 50 % pull backs…or not ones that last very long……
Big picture as long as we hold @ 5000….then this mkt can run far further, as if it was all over it would be collapsing in a heap now.
Lookin’ good in Yen eh?
I’m still looking for the mother of all comebacks today! 🤣🤫
Shouldn’t the dollar be stronger today. I mean, after all, the Fed is going to have to raise rates soon to combat the inflation.
I think Japan is a little too cold for me. Can’t you find me somewhere else? 😉
Everybody knows, high wages cause inflation, and the United Auto workers are ruining the country with their high wages. If you believe that I’ll tell you another one. lol
Actually that’s what the BS Media was saying in the 1970s, after they removed the gold backing on US Dollars coming back here from Europe.
Yes looks good … with the Fed not expected to move today … and the new guy in May an unknown … it’s not a stretch to speculate most traders will hold back a few more weeks … bringing prices down further … especially if the rest of the equity complex buckles due to the same realization.
With the gold stock to gold ratios currently at their respective 200-day MAs … vexing below would likely serve as good accumulation areas.
The stock market looks like it’s starting to wake up to this set-up.
It’s amazing how delusional these people are … you would think with all that’s going on … including contracting liquidity … they would be a little more cautious.
Chuckle
HUI down 20+% at 760 as I type .Stocks will bottom first I believe.
Where is a supportable bottom in your eyes?
Dog
Thanks for the Port of Yanbu info!
Looks v much like we are in 3rd down of C down in PM’s…… Silver shows it well.
Check Gold in Yen…looks like u need to learn Japanese.
From my chart Guru…..
$4400
I hope not but he seems to call it right most of the time….
Dog
Major Escalation: Iran Vows To Strike Energy Infrastructure “Previously Thought Safe” After South Pars Attack
NOTHING has changed as far as structural imbalances, massive deficits, shortages of the metals etc…. The scum are pushing the PERCEPTION that things have changed, and that Gold and Silver are in no way a safe haven asset! We’ve seen this playbook countless times!
Yes, short term pain. But I firmly believe that we go a lot higher from here…… FWIW.
If the PM shares do have a tendency to lead the metals, I’ll be watching to see if the shares start to wash out here, recalibrate, and hopefully start to recover. WASH, RINSE, REPEAT! I feel like we’ve all seen this movie a thousand times before!
No cut for you! Besides, we all know that inflation is bad for gold. I mean, after all, we just spent the last couple of years going up with inflation. OTOH, maybe we went up because Trump was elected and they thought he would tame inflation?
I don’t know, just so confusing to own pm’s. Normally I would like this action before a Fed announcement and would hope for a reversal after the announcement. But now that inflation is a factor, then I guess we’re screwed.
So now we have high inflation with slowing growth, which in the old days they would call stagflation. At a billion a day for the war, I’d think the Fed would have to start making some computer entry money to fund it. Someone will tell us that doesn’t matter though, the only thing that matters is whether the dollar and rates go up because of high inflation.
But wouldn’t computer entry money be even more inflationary and therefore weaken the dollar you ask?
Nope, the only thing that matters to pm’s is whether the dollar goes up and rates go down. High inflation = strong dollar. I must be stupid, stupid, stupid.
OTOH, you know who is more stupid than me? The president of the United States, because he started a war that is going to destroy everything he spent working on economically for the last year.
I suppose could take my gold to another country whose currency is falling against the dollar and gold and start buying some assets. I bet Mexico is getting cheaper these days! 🙂
Might get there today after woodshed team have finished.
Dog
I did some looking things up not being familiar with the language and possible out of US investment probably not enough info. I found theres other pipelines around there including Turkey. Also that it can only supply a small portion of what if going through the Strait of Hormuz.
Yep they’re being targeted and not the first time.
+5
has been targeted by attacks on multiple occasions.
on TA by any means, but looking at a Gold chart ( sorry I’m not posting this; Still haven’t figured it out), but looks like a potential inverted right shoulder ( inverted left shoulder @$4780 made on January 21) could be @$4780????
Not sure why but despite the paper games on the Crimex, Shanghai refuses to sell silver below $90.
Gold, of course, just below $5K. We’ll see if it finishes below. I’m hopeful it won’t.
Dollar flat, rates down a couple bips to 4.179%. Oil down 1.5%
It’s all about the Fed today, I suspect we’ll be flat to down until then.
I made it very clear before and in that last post, antisemitic posts of the crackpot kind will not be tolerated……as I keep saying this site is to discuss PM’s and the markets.
I don’t earn anything from this site, it costs me money and time , which I am happy to provide, especially in memory of the the people who set this site up before and the enjoyment I have had on it…..I can’t remember you offering to do anything ….
I cancelled a previous post of yours on the same subject and asked you not to post anymore, yet here you are just a short while later posting basically the same and then instead of an apology, you seem outraged ……your sense of entitlement is ridiculous.
Rising gas prices could slow the economy, cause stagflation.
Federal Reserve could signal no interest rate cuts this year in wake of Iran war https://share.google/zwtgMXJfYVgXMbCx8
there was an agreement here that the Jew-Israel topic was not to be discussed. That idea has has gone away. This is a bit of a shame to not allow the truth at all times but this topic can engender such animosity that it seemed worth it. Let’s not blow up the website!
🇨🇳 Wei Zhao 赵伟
@antmillionsbot
SAUDI ARABIA SAW THIS SHIT COMING 45 YEARS AGO
While the entire world panicked about the Strait of Hormuz,
Saudi Arabia had a 1,200 km pipeline ready to go.
From the Persian Gulf straight to the Red Sea.
Bypassing Hormuz completely.
Built in 1981. Activated in 2026.
7 million barrels a day flowing through the desert right now.
Iran threatened to choke the world’s oil.
A quiet project from decades ago now looks like one of the smartest geopolitical energy moves ever.
Readers added context they thought people might want to know
The East-West Pipeline does exist and has a designed flow capacity of 7m bpd. But because of storage limitations at the terminals at the Port of Yanbu, the operating capacity is reduced to just 4-4.5m bpd. This barely makes up for the 20m bpd lost capacity from SOH closure.
Sometimes people are sensitive on one or two things so when someone says something about those things they may think that’s all they do or that they hate a particular group.
When I was at a Chinese restaurant with a Asian nurse friend years ago and there were some issues coming out with the Chinese government. Think things like Covid issues. She asked me my thoughts about China. When she did all the Asians around us became silent and it was obvious they wanted to here my answer. I told her that like anywhere most the people were fine it’s the government issues. Just like here, because they’re Americans doesn’t mean they voted for Biden or his policy’s. They wouldn’t want to be thought of as Biden supporters or demos just because theyre Americans. The listeners seemed to be very happy with my answer including my friend a Trump supporter so she totally agreed. But sometimes that’s how people can think when someone says something they differ with or see as a threat as radicals or criminals in particular regime or country.
Deer79 – my hope as well for the rest of the week
SNG – I don’t think the theory about who really killed Charlie is whacked, makes a lot more sense than the crap they fed us.