If the EU puts troops into Ukraine and a war results with Russia ... should the US come in and support the EU?
Total Voters: 30
Loading ...as a aside and to the point
are you able to post the gold price based on your models . and where it is headed in the short term
is 1090 in the cards ?????? ( no reference to the tax forms due soon on 1090 income ) lol
thanks for posting your best opinion on this algo driven move ..
Mexican-focused silver producer, Scorpio Mining (TSX: SPM), merged with U.S. Silver & Gold (TSX: USA) to create a silver producer focused on the Americas and better survive low precious metal prices.
The entity will stay under the name Scorpio Mining. The new junior silver miner will have two established producing mines, a third mine in development, an advanced stage exploration project, and pro forma net working capital of approximately C$40 million.
Scorpio Mining’s stock was halted today pending announcement of the news.
They cannot. Sure, they can bounce, however New York bankers are still firmly in control of the situation no matter what happens in the short-term. (ex. Yen rally, Swiss gold buying, etc.)
the boot on the old neck routine
thanks for update ,, the gold is a threat to the bankers life .. they will fight it all the way to hell and back..
or they may decides to flip the switch and crush the shorts and feast on a big payday.. throwing a bunch of fiat in their hands ….
If I lived in Ukraine I’d be knitting some new mittens! Yikes 
The weakness today is not entirely due to manipulation, but also paper market speculators who have no regard for risk. The open interest put / call ratio on SLV is .26, AGQ is .34, GLD is .51, UGL is .25, GDX is .51, GDXJ is .83, NUGT is .78, and XAU is .73, with short interest in relevant measures low as well.
So, in a world where the markets are primarily controlled by algos and the machines, how are precious metals supposed to rally on a sustained basis, given a bounce is apparently under way at present?
Answer: They cannot. Sure, they can bounce, however New York bankers are still firmly in control of the situation no matter what happens in the short-term. (ex. Yen rally, Swiss gold buying, etc.)
It will not matter until the reckless paper market speculators find an appreciation of risk while trading in sentiment based faulty and fraudulent US based precious metals pricing mechanisms (they are not markets but self managing interventions preying on stupified and excessively greedy speculators who do not watch true sentiment indicators, if any at all.)
Cheers
MOSCOW (AP) — Russia’s Central Bank on Monday scrapped its daily controls on the value of the ruble, allowing the battered currency to float freely in financial markets earlier than planned.
The bank, which had planned to let the ruble trade freely starting next year, made the move as the currency has come under sustained pressure in the face of Western sanctions over Ukraine and plummeting oil prices. The ruble has lost nearly half its value against the dollar this year.
The bank said, effective Monday, it will stop setting daily limits for the ruble’s fluctuations and will not have any obligation to intervene in financial markets to support the currency. To prevent a sharper drop in the ruble, however, the bank said it will be ready to intervene if necessary to fend off “threats to financial stability.”
more http://apnews.myway.com/article/20141110/eu-russia-economy-509f5b9198.html
PM market manipulation.
Hope you took the MagLev train last night. This morning’s normal service will be delayed due to Polar Vortex ‘Astro’…
http://www.railpictures.net/viewphoto.php?id=505356
‘Astro’ is supposed to dip all the way south to the Gulf with freezing temps. Stoke up the heater, Wanka! It’s coming for ya!
We’ve mentioned previously where we believe asymmetry lies. In the Japanese Yen, which we discussed here, here and here, and more recently Brad’s shorting of the Renminbi which we detailed here. These are trades which we’ll just keep rolling as part of a broad asset allocation and risk management plan. We believe our ship will come in and we’ll be patient until such a day arrives.
What I’d like to look at today is a sector I think well worth a bit of scrutiny… miners. Oh, what a dirty word!
Before providing you with the basic investment thesis, I’d like to review an article we published entitled, “Buying Bombed out Equities for Outsized Returns”. In it we provided some stats worth reviewing.
Average 3-year nominal returns when buying a down sector (since 1920s):
Down Avg. Annual Return
60% = 57%
70% = 87%
80% = 172%
90% = 240%
Average 3-year nominal returns when buying a down industry (since 1920s):
Down Avg. Annual Return
60% = 71%
70% = 96%
80% = 136%
90% = 115%
Average 3-year nominal returns when buying a down country (since the 1970s):
Down Avg. Annual Return
60% = 107%
70% = 116%
80% = 118%
90% = 156%
Notice that the second column is the average annual net return. Now, average is… well, average. Imagine you put even a little bit of effort into a sector, country or industry.
The beauty of what I’m sharing with you is that if you just focus on the numbers and take all of the emotion out of the equation, it’s no longer about being contrarian or trend following; it’s purely about following a statistical formula. While that is no guarantee that the particular sector, country or industry you’re tracking will perform as indicated above, it does provide a proven process, and we’ve got the data to prove it.
In light of the above I present to you one of the most horrific investments of the last few years (one which we’ve recommended on occasion, ugghhh): gold mining stocks.
The GDXJ ETF is down 87% from its high in late 2010, and the GDX ETF is down 74%. Statistically we could expect a pretty spectacular return going forward. Both seem like they’re still in free fall and I’m not here to pick a bottom., I’m just playing the odds. Nobody and I mean nobody wants to have anything to do with this sector. The odds look decent to me.
Now these are the ETFs of course, and the problem with mining stocks in the ETFs is that most of them are complete garbage and will never make any money. At least not for shareholders.
For this reason we put together this list of mining companies – all selling for less than cash.
I humbly suggest that simply remembering the statistics above and then buying a basket of better performing companies which are selling for less than cash on their balance sheet, will reduce overall portfolio risk, provide potential for outsized returns and should the strategy work out with the sector rebounding, the returns on the stocks here should theoretically outperform the index or ETFs.
Just remember this isn’t a call on gold going through the roof, or anywhere at all. It is merely looking at asymmetric trading opportunities.
Best of luck!
– Chris
“A stock operator has to fight a lot of expensive enemies within himself.” – Jesse Livermore
Kerry signs US arms treaty to get around the constitution behind closed doors that treasonous back stabber.
http://www.foxnews.com/politics/2013/09/25/kerry-signs-un-arms-treaty-senators-threaten-to-block-it/
the film you had made it look like it was a report from fox news
sorry ..don’t buy it
Get some solid intel on why he did himself in.
More than what you have posted already…
Something from his inner circle, not a whacko site.
but this Slotnick/Fulford/Sacha Fool I didn’t think he would succumb to…
I had hope, thought he might make a change…
Just like Obie
Hey anybody seen Goldballoon flying overhead?
They are doing everything in their power to hide the truth of their crimes against humanity and not all are sheep as you know. Their late tactics are ” it will offend someone” or your not being a patriot always thinking their being smart. Perhaps your ahead of the game with the attempts to obstruct freedom of speech by not making sense in a very clever way that would give most a headache to think up as their plan to not only obstruct freedom of speech expanded to NSA by spying and recording accomplished by 911. Then they can come along and make some law we can’t say this or that. Now as well as other infringements on our privacy like TSA, chips on passports and requiring them to go to Mexico ” like that was really going to help US from illegal crossings but meant not to keep others out but to keep is in and track their own citizens. That was the republicans then came the demos with even more problems. Until we get rid of these career politicians we are indeed doomed.
Sorry to say I do not have the answers. All I do is expose what comes my way as it comes so you and others can stay informed and also keep an open mind to the possibility that all that glistens is not gold……..and for sure that includes most governments of the world.
Did any of you watch the Foster Gamble video I posted last night? It gives a lot of hope for the future and may lift your spirits when it seems there is never any good news left for us. Here it is again and I hope you’ll take it in. Believe me, it is worth the time. Silverngold
