Posted by ipso facto
@ 19:03 on May 13, 2015
Oil’s Not Coming Back. Here’s Why
Oil bulls who’ve cheered a rebound of 40 percent from a six-year low should take heed: Unless demand accelerates, the rally is in danger.
The omens aren’t good. The U.S. government expects global consumption to grow next year at less than half the rate of 2010, when the world was emerging from a previous recession. The growth is insufficient to close the gap with rising supply, according to Royal Dutch Shell Plc, Europe’s biggest energy producer.
The last time oil crashed, during the 2008 financial crisis, China’s appetite for commodities seemed insatiable, and powered prices higher. This time, Chinese fuel use is growing at half the rate of the past decade, and sliding U.S. shale output could reverse as prices rise, smothering the gains.
more http://finance.yahoo.com/news/video-oils-not-coming-back-052550640.html
Posted by Buygold
@ 18:32 on May 13, 2015
Well, seems to me we’re going to have to break up and away from $1220 and run for a few weeks or months for this to be an uptrend. All I’m seeing is pretty much a sideways, tight range in both the metals and the shares and right today we are near the top of the range on both.
Sooo….we’ll see what happens in the next couple of days.
I’ll believe it when I see it.
Posted by longtimer
@ 18:28 on May 13, 2015
Christians.
Hear! Hear!
Well said.
Posted by ipso facto
@ 17:46 on May 13, 2015
Posted by Samb
@ 16:21 on May 13, 2015
Beg to differ my friend. This is an uptrend that still has a way to go yet. I’m not playing it with calls..,just sitting in cash. Sold the puts late but, no loss. In SLW puts at $108, sold $112. Other batch in at $ 1.45 out at $1.54. A couple of steak dinners but, at least no loss. I got stubborn because I felt that the last bottom was pre mature based upon BS Fed Speak. The Inter Cycle high to beat now is $1295 (weekly) I don’t think that $Gold will even come close but still this uptrend is not a one day event IMHO.
Posted by eeos
@ 16:01 on May 13, 2015
Posted by Buygold
@ 15:57 on May 13, 2015
Hate to say it but I think your instincts to buy DUST are probably right on the mark. This is just the upper end of a very tight range.
There’s nothing to indicate that gold will break up here to $1300 and certainly nothing to indicate that it will break down to $1000
Judging by the action in the shares I have to think we start heading back toward 1180 tomorrow. It would be a surprise if we did anything else.
Posted by goldielocks
@ 15:50 on May 13, 2015
I’m guessing we’re having a reaction to the dollar and supposedly good news for the Euro temporarily anyways. Edelson I noticed follows Armstrong. I just watch Armstrong lol
Posted by eeos
@ 14:45 on May 13, 2015
Rambus is always right. He makes people millions. Or maybe not. Prolly have better luck dropping them money at a roulette table on black or red
Posted by aufever
@ 14:25 on May 13, 2015
I with you on that — the “Founding Fathers” were, for the most part, the good guys.
But I am convinced that all governments here, starting with the US Government, are private corporations masquerading as constitutional governments. And that almost all laws are civil/commercial law, which, for the most part, do not apply to us as human beings. There are a few “true” laws, but, of course, those are not being enforced as they might apply to the thieves, er, public servants themselves.
Posted by Alex Valdor
@ 14:07 on May 13, 2015
This is not a significant breakout to the upside , in fact I added to DUST this morning . But I did not sell Allied Nevada , LOL – too late for that .
Edelson insists that we will see sub-$1000 gold before we see $5000 gold . Fleckenstein says that until there is a major reset to the public complacency and trust in the FED , one is better on the sidelines . I do not have enough discipline to sit and wait for that to happen , so I pay with bloody noses .
Posted by Eagle Eye
@ 13:57 on May 13, 2015
One Guy’s Opinion
Tops & Bottoms are the most difficult part of the market & where the most money is made or lost
Unfortunately I did not see the chart quick enough & I got all BULLED UP
Bot whole bunch of SLV Leap Calls Options
I didn’t realize that we were going back to the 1980 high (35 year backwardization)
The last 6 yrs the Debt went from 9T to 18T Dollars, does that mean the debt is going back to 9T?
But what the hey do I know
Posted by goldielocks
@ 13:52 on May 13, 2015
Next resistance and last before about 1300 is 1220. Still in downtrend mode with bounces. Just a IMO
Posted by Ororeef
@ 13:20 on May 13, 2015
will bring up their big Guns…the Arch Angel Michael who will SLAY the Beast and throw him into the Fiery Pit for another thousand Years !
Good riddance ! God , Gold and Guns shall prevail ! because they represent Morality,Purity and Strength !
Posted by Ororeef
@ 13:06 on May 13, 2015
a year ago and now …The Season is now beginning ..from 300 to 25 !
Posted by Alex Valdor
@ 13:05 on May 13, 2015
i find it interesting that Au and Ag are up significantly , the dollar is down , Kerry is being played the fool *, and a mysterious , deadly Amtrak crash on the nation’s busiest rail corridor , all coincide within one 24 hour period . What are we NOT being told ?
*as all elitist , pompous asses should be played
Posted by deer79
@ 13:03 on May 13, 2015
$1216.10 is up 1.99%. Nothing has changed as the cretins stick to a 2% up collar. So sad……..
Posted by goldielocks
@ 12:51 on May 13, 2015
Rambus I don’t see his charts much but I can imagine the pressure of having so many following you can affect your own trading after awhile. If you go by the charts some signals can reverse or fail and have to get in or out fast if position trading then have to stop tell others less you give targets or stops ahead of time or support and resistance targets. Sometimes followers can mess up charts. Say you day get in at this point and followers decide to do it early and same for stops of enough of them are flowing. I experienced that myself not just watching the charts but the sec filings and found out a day trade had a reverse split coming up while at the same time giving main street good news to pile as many suckers in as they could a shell company using the money to buy real wastage in Nevada which is sheltered from confiscation if they delisted. That stock fell like a brink minutes after I told them. I wasn’t getting paid but didn’t sell first before telling them and had to move fast to get out by putting my ask lower than bid to catch the fall. Thought sheesh. I could of stayed quiet just watching it go up and sell for a day trade but at least should of sold first. It can get crazy.
Posted by goldielocks
@ 12:29 on May 13, 2015
Found it wasn’t so easy to just pledge or call for transport in another state Girl who turned out to have no pit in her the brindle was Terrier, was saved got adopted and they aren’t in a hurry to kill them there. The Lhasa was misinformation and was also saved buy a shelter but communication. Isn’t good here compared to Maimi.
Posted by newtogold
@ 12:21 on May 13, 2015
We might have survived Oblabla only to see the grand entrance of The Hillary who will make Oblabla look like an Altar boy!
Posted by Ororeef
@ 12:17 on May 13, 2015
Gold is assending and Oblabla is decending ! America may have survived the grand test !
Posted by goldielocks
@ 11:53 on May 13, 2015
Posted by goldielocks
@ 11:24 on May 13, 2015
Obama is already starting a war, a race and religion war. There were christians and Muslins living in Mid East in peace for centuries neither making war on was on the other as well as different sects of the Muslin religion. Now like us their getting false flags, ISIS which is rumored to be funded but outsiders to start up trouble. Leaders wheeling and dealing setting up propaganda and false flag events to destabilize and over throw governments. Now have everyone finger pointing even though they know the christians who lived there for years respected their nation and did not make war with them. The muslims let them love their in peace not the propaganda and being attacked for nothing as they were never making war on them. Know the enemy and the enemy is from within or around them pointing fingers at others to cause war on themselves as a result.O is pulling the same here.
Posted by Buygold
@ 11:22 on May 13, 2015
I expect we’ll know a lot more by the end of the day. Maybe we’ll get lucky.
Posted by goldielocks
@ 11:13 on May 13, 2015
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