It was the day traders fault.
Floridagold @ 13:31
What could go wrong?
Winedoc…
Allow me, no I am not from the south shore..please smile..your constant insight to THE PAINTINGs references …I knew the Man and one of his sons..trust me ..you would have enjoyed the real and humble man.but in closing..I am certain he would have enjoyed your conversation too, smile. Winedoc..he was chosen..I do think you understand..
Call them walkers..in life..you are just a witness of the mind..ie the paintings..I Have ..well others have many..we all have nothing but the insight…we share ..a complex man ..the best was the
Point my friend..you are a doctor. he was a walker, I am …one who could
Frosty 16:16
Cheers buddy, south shore I believe ?
Thanks for chiming in …….
All’s well my end.
Winedoc
A smile to all
Good Evening All.
It has been a long absence. The world continued to slip and slide into an unknown abyss. The limits to which even I could not imagine a few years ago. The talking heads,( frankly we all recognize the governmental leadership in place, today or yesterday are the same old same old provided illusions of leadership and the worded world of better & “change”.. just different faces being controlled and directed by the same very old shadow) have continue to manufacture the numbers on the scoreboard of the markets and the greater society’s “well being” statics. Even the most naive of the general population senses the sea of changes swiping the nation…open borders, real inflation, wars smaller but far greater in numbers… call them more blood bath conflicts ( the civilians taking the numbered roll call of the killed).
I would or could chat about the above and share nothing you all do not already know with the caveat…we all left “Kansas, Toto, long ago”….to the extremes and to reiterate.. it exceeds even my scope of past imagined limits of what the herded well funded free lunched population can be bamboozled to vision and trust . They heard it on the internet/news/bob told me…so it must be true wonder world.
I smile at the old days of Goldrunner and i debating the term manipulation of markets and gold. Frankly, his insight , what in reality to their power position could they actually do? To save the sheep.
well before i close ..Best wishes Winedoc..you too Wanka..Wanka, frankly you are the only high road walker which has always ,hum…steered your own course..over the very interesting past years in your insight and opinions. I frankly never merit people too often..well done.
In regards to contributing here, I will endeavor to share ..when I think it can alter the course to this old ship called a tent, smile. I would suggest…in real terms ..the shadow continues CONTROL the helm. Several years ago I trusted the simple in trust and truth..Oh, how naive I was…humble stated.
Fullcrowngold..I am certain, had we actually meet, person to person..it would take days to navigate the ( our different) difference..But…we all realize ..these coming storms will require..strong people.
A new expression I have learned.. “so there you have it” truly reflecting this moment in time…please think about this simple expression..moments into the future there is the unknown….please smile.. even for the manipulated pathways of shadow.
Posted by ment17 @ 13:43
in 14 yrs or so, you are the worst possible advice I can even think of.(along with all the otherpermagoldbullshits) Remember when you said you bought sgr around 2 or so now .01 something watever……. You like eating poop for dinner or just serving it?
Good lunch with your philosophy. Why you try to tie poor folks into this bs game is pretty clear.
zero hedge
Just 3 months ago, as Americans celebrated Memorial Day, the spot price of gold jerked $20 higher (then plunged) as gold futures closed. Today, as Americans celebrate Labor Day, the liquidity-less market for spot gold just dropped $6, ripped back and settled lower in the space of a few minutes (with bids and offers fully crossed for a few minutes) as someone clearly forgot to tell the machines that the market is closed…
Makes perfect sense…
as bids and offers crossed…
* * *
Unrigged markets for all… because nothing says “Sell Gold into an illiquid market” like NATO preparing to launch an offensive against Russia who ‘everyone’ now cliams is fully invading Ukraine…
* * *
armstrong post
Armstrong post about gold and the day traders salivate and wet them selves over the prospects that their charts are more than short term noise ..and prove that they have entered the dream land of charts are us .
Day trading for the short tern dummy…. made easy in a couple short years of being in the market .
let alone the fact that they trade against multibillion dollar trade offices of the largest banks in the world who front run the whole market complex … from open trades against the same stock .. and fee for play in the entire financial market.
sure these lone stock charts experts in the cube of their own minds think they have scored the latest insight on how to trade a rigged market /
amen I say amen
Florida 10:54
If ” authorities” really want to be proactive they better not just look at one side of a issue and see for themselves what treatment would be in the best interest of the patient and not just in hearsay. Patients especially children don’t do as well without parents and although they can recoup faster in some instances they can also die faster without notice. Their pro activity could be costing serious delays as well. Question would be why did they deny this treatment option to the child when less damaging as I have seen radiation therapies kill the tumor but in the process killed the pt as well.
KUNSTLER today
Busybody Nation
Considering all the current mayhem in the Middle East, and the potential for deadly mischief from it spreading even into the US and western Europe, do we really have any business hassling Putin and Russia about its feckless, floundering next-door-neighbor, Ukraine? In fact, is any other nation in a better position to prevent Ukraine from descending into full-blown failure? Why don’t we just shut up and mind our own business?
If anyone above a kindergarten pay-grade has figured out America’s vital interest in the Ukraine, it has not been reported — or even leaked from the foundering vessel that is the US State Department. In fact, when you consider the results, it’s hard to understand the rationale behind any recent US foreign policy endeavor. Mr. Putin of Russia summed it up last week, saying, “Anything the US touches turns to Libya or Iraq.” Vlad has a point there, and what he left off the list, of course, was Ukraine, which entered the zone of failing states a few months ago when the US lubricated the overthrow of its previously-elected government.
What complicates things is that Ukraine is right next door to Russia. For many years it was even part of the same nation as Russia. Russia has a lot of hard assets in Ukraine: pipelines, factories, port facilities. Because they were recently part of the same nation, a lot of Russian-speaking people live in the eastern part of Ukraine bordering Russia. The casual observer from Mars might easily discern that Russia has a range of real interests in Ukraine. Especially if the central government of Ukraine can’t control its own economic affairs.
The US claims to have interests in Afghanistan, Iraq, Syria, and Libya. These nations are respectively 11,925, 11,129, 10,745, and 10,072, miles away from America — not exactly neighbors of ours. All of them, one way or another, and partly due to our exertions, are checking into the homeless shelter of failed statedom. Afghanistan was, shall we say, a special case, since it was being used thirteen years ago explicitly as a “base” (al Qaeda) for launching attacks on US soil. But that was then. No other war or “war” in US history has lasted as long. And it remains unclear whether our presence there yet today is a “nation-building” project or a mere occupation, in the absence of some better idea of what to do.
President Obama has made noises about pulling US troops out of Afghanistan, but we’re still there. How is the nation-building project working out? With Mr. Osama bin Laden dead and in his watery grave, and the Islamic extremist action moved to other venues, how significant is Afghanistan’s role as a strategic base for Jihad?
How many educated, media-marinated professors in their Ivy League turrets can explain in one paragraph what the necessity of overthrowing Muammar Gaddafi was, exactly? Anyone remember? I suppose, like many actions in history, it just seemed like a good idea at the time. If the idea was to keep the oil and gas flowing to western nations — i.e. the “Carter Doctrine” —well, excuse me while I cough into my sleeve. Production is about one-eighth what it was before Mr. Gaddafi exited the scene. That really worked.
Then, of course, there is ISIS (or the Islamic State or the Caliphate), the most visible outcome of a decade of US foreign policy endeavors in Iraq and Syria. Good show, ladies and gentlemen! You have managed to give the world a political movement arguably more barbaric than even the Nazis. On Sunday, The New York Times stood back in breathless admiration for the accomplishments and skills of that organization in the headline: ISIS Displaying a Deft Command of Varied Media. Like a mad scientist in thrall to his own creation, the Times appears dazzled by the political Frankenstein monster we have loosed upon the world.
I think it’s likely my friend Buygold will buy some of these. Four percent what a great deal! Just don’t expect any principal back.
Spain Sells First-Ever 50 Year Bonds At 4% Coupon
Tyler Durden’s pictureSubmitted by Tyler Durden on 09/01/2014 10:36 -0400
Perhaps in order to celebrate its manufacturing PMI dropping from 53.9 to a below expectations 52.8, refuting the “growth story” promoted by its definitionally re-revised GDP (where the long overdue boost from hookers and blow is finally leading the country to new and improved Keynesian growth curves), moments ago Spain joined the likes of Canada, Caterpillar and Goldman and just issued, for the first time in its history, 50 Year bonds in a private placement. From Bloomberg:
•SPAIN SELLS EU1B 50-YR BONDS
•SPAIN TREASURY SELLS FIRST-EVER 50-YR BONDS, COUPON 4%
And since there is no hope that Spain will ever repay this bond, whose rate is dictated by anything – mostly the ECB’s monetary policy – but the fundamentals it is functionally equivalent to Spain raising new equity without a maturity date and a 4% dividend.
The only question is whether the buyers of this syndication are the Elliotts of the world, who are happy to wait the 1-3 years until this too bond joins Argentina in the “trading flat” category, before they exercise their legal powers as yet another debt-for-equity conversion transfers billions in public assets into private hands.
Floridagold @ 11:50
I hope that book’s written in cartoon style.
WANKA
Bigger than I thought. That’s for sure. 🙂
What kind of market is this? Is it a market at all?
It’s Settled: Central Banks Trade S&P500 Futures
Tyler Durden’s pictureSubmitted by Tyler Durden on 09/01/2014 09:02 -0400
Based on the unprecedented collapse in trading volumes of cash products over the past 6 years, one thing has become clear: retail, and increasingly, institutional investors and traders are gone, probably for ever and certainly until the Fed’s market-distorting central planning ends. However, one entity appears to have taken the place of conventional equity traders: central banks.
Courtesy of an observation by Nanex’s Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by “trade” we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products.
In fact, central banks are such active traders, that the CME Globex has its own “Central Bank Incentive Program”, designed to “incentivize” central banks to provide market liquidity, i.e., limit orders, by paying them (!) tiny rebates on every trade. Because central banks can’t just print whatever money they need, apparently they need the CME to pay them to trade.
more http://www.zerohedge.com/news/2014-08-30/its-settled-central-banks-trade-sp500-futures
Coffee Time: Enjoy Labour Day
Morning friends
Finishing a weeks vacation and a bonus day today
We have been locked down at 1300/20 it seems for far too long
Onward Pilgrims
Winedoc