Loading ...fwiw, I see the bb’s pinching on the 10min charts, so I suppose we get our answer before the end of day. what fun…lol
The CDE winner
good job management! If I ran my firm the way these people managed this company for the last 20 years or so, my clients would have fired me a loooong time ago.
This is the inverse or Yen/$ with gold overlaid
There is no guesswork here. No GOFO, Chinese demand. None of that matters.
Again, if this paradigm changes then there is something else that is moving gold. For now, this is the only playbook. On the monthly the dollar is rolling over against the yen and gold is turning up.
Gold is a dollar yen trade and has been for a long time.
If you are looking for a why I can only offer a guess. The CBs manage their balance sheets and gold holdings via algos. It is not necessarily the levels of dollar/yen. It is the movement.
Supply and demand are 100% irrelevant in the precious metals, until they become relevant.
Watch this chart. If gold ever significantly de-couples then you have a paradigm shift. This is a one year chart and gold trades inversely.
grin
just seems like they absorbed all the buying once we hit $1310 and now they’re going to drip sell it the rest of the day. Silver should be doing better, GDXJ the former leader has been drifting lower all morning.
Some of it may have to do with oil rolling over. I dunno, maybe we’ll be surprised by a late day surge but it doesn’t feel like it right now.
Weird. USD just rolled over in a hurry.
Buygold
maybe a bit pavlovian but it is what it is…. nearly all breakouts get sold and breakdowns get bought after they break down again and again and….
and a gap up this morning to boot.
grin
yeah, I’m not seeing it either unfortunately. The surprise would be if it actually sticks. I’m too used to this happening
Yahoo causing some disruptions
Maybe this is the problem?
sbr @ 11:18 on
Only in gold may you get a backtest of the backtest. I cant see this sticking for the life of me.
so SBR does this mean CDE is going to collapse or explode upwards?
CDE has BAD management. Enter at your own risk. Some stocks are better untouched. I have a large position in CDE but I have no faith in the people running the corporation any longer. Nice chart, not so nice stock.
His model is excellent
Silver backtested yesterday.
5 years of pain in CDE will end very soon.
LUNA is issuing 30M shares
because their flagship mine is not performing. SAND is effectively offering a bailout to a non-performer. Hence, it is being shot.
Scruffy 10.14
Have the same question….. and can not find an answer.
Hmm…
NEMO
Hmmm
Tobacco-derived ‘plantibodies’ enter the fight against Ebola
(Reuters) – Drugmakers’ use of the tobacco plant as a fast and cheap way to produce novel biotechnology treatments is gaining global attention because of its role in an experimental Ebola therapy.
The treatment, which had been tested only in lab animals before being given to two American medical workers in Liberia, consists of proteins called monoclonal antibodies that bind to and inactivate the Ebola virus.
For decades biotech companies have produced such antibodies by growing genetically engineered mouse cells in enormous metal bioreactors. But in the case of the new Ebola treatment ZMapp, developed by Mapp Pharmaceuticals, the antibodies were produced in tobacco plants at Kentucky Bioprocessing, a unit of tobacco giant Reynolds American.
The tobacco-plant-produced monoclonals have been dubbed “plantibodies.”
“Tobacco makes for a good vehicle to express the antibodies because it is inexpensive and it can produce a lot,” said Erica Ollmann Saphire, a professor at The Scripps Research Institute and a prominent researcher in viral hemorrhagic fever diseases like Ebola. “It is grown in a greenhouse and you can manufacture kilograms of the materials. It is much less expensive than cell culture.”
more http://www.reuters.com/article/2014/08/06/us-health-ebola-tobacco-idUSKBN0G607J20140806
August is the month to buy silver
The gold market has been relatively quiet of late with the metal hovering either side of $1,300 for months.
After last year’s white-knuckle ride culminating in the metal’s worst performance in more than 30 years, there are those who welcome the calm.
Sister silver’s wild price fluctuations is why traders often refer to it as the devil’s metal, or in today’s idiom: Gold on crack.
However like gold punters, silver traders are no longer swinging for the fences as they did in previous years: volatility in the silver price is at a decade low.
Money Morning has crunched the numbers and if you plan to invest in metals this month, silver could be your best bet.
Silver has finished up every year in August for the last five years. And the monthly returns have been mouth-watering – averaging 10.4%, including a 19.3% gain last year.
Over the last decade, the appreciation has been less pronounced but still solid: The precious metal has finished up seven times and averaged a 3.6% for the month.
“With silver only up slightly year to date, I think odds are good we’ll see it gain some ground in August,” said Money Morning Resource Specialist Peter Krauth. “We could well see trading pick up this month.”
Last year, trading volume increased by 65.1% in August according to the website.
Scruffy
Yahoo links are working fine for me. Anyone else having problems?
Maybe you need to reboot?
D’oh!
The European “Recovery” Is Over: Italy “Unexpectedly” Enters Triple-Dip Recession
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/06/2014 06:38 -0400
Goodbye European recovery, we hardly knew you.
It must have come as a huge shock to all hypnotized lemmings aka “sophisticated investors” who have been following the manipulated, artificial yields in the Italian 10Y relentlessly declining and thus suggesting at least some economic stability, when an hour ago instead of reporting a 0.1% increase for its Q2 GDP as widely expected, Italy “unexpectedly” reported a sequential contraction of -0.2% down from a -0.1% drop in Q1, and officially the start of yet another, its third since Lehman, recession. Then again, considering Italy’s youth unemployment of over 40% just hit a record high, we use the term “unexpectedly” rather loosely.
Buygold
“continue for a few days”
That’s a rare bird. Maybe now’s the time.
Ipso
Let’s hope so my friend. Color me happy but still nervous. Want this to stay strong today and then continue for a few days.
I’m conditioned to waiting for the other shoe to drop.
Buygold
LET THE HEALING BEGIN! 🙂
No gap n’ crap please
how about something different, like a GAP N’ GO!
Gold & Silver Train
The Rio Grande Zephyr!
Their motto was “Through the mountains… not around them!” Yeah, the silver cars were at the back of the train. They will be coming along shortly.
http://www.railpictures.net/viewphoto.php?id=491358