Posted by goldielocks
@ 21:58 on August 7, 2015
I fear this may get worse since IRAN funds the Hamas when sanctions are lifted by Obama and they have more money to fund terrorism. Philippines pulls their people out after one man beheaded and a nurse pulled from her home and raped because they are not Muslim was their excuse. That’s all the excuse they need over there apparently they must be hard up. I wonder how long before they start doing that here with Obamas refugees as they are already harassing military wives.
http://madworldnews.com/muslims-abduct-christian-nurse-rape/
Posted by Richard640
@ 17:54 on August 7, 2015
I gave up all of my small profit–with commissions I lost about $800 for my troubles–woulda been much worse had I sold on the close
Maddog—yeah, nothing works for gold for now…yet we both know that EPIC bottoms come from these conditions…we just have to stay solvent long enough–and live long enough to catch it–I should wear a dunce cap for not having played the short side of gold lo these las 20 yrs…
Posted by ipso facto
@ 16:38 on August 7, 2015
Posted by Buygold
@ 16:32 on August 7, 2015
Funds cover shorts, commercials dump longs at the same time. Wash, rinse, repeat.
http://www.cftc.gov/dea/futures/deacmxlf.htm
Posted by ipso facto
@ 16:31 on August 7, 2015
I doubt the TW’s tennis game is getting any better … 
Posted by eeos
@ 16:27 on August 7, 2015
A: Because it’s mined from the world largest silver depositories- THE US FT. KNOX and paper metal ETF’s!
Posted by Buygold
@ 16:26 on August 7, 2015
R640 – go ahead and sell your NUGT in the AH, take the lunch money
Maddog – this is never going to end, just another incredibly shitty day for everything pm’s
The SM could go down 50%, the USD cut in half, and they’d still find a way to blow pm’s and especially the shares into oblivion. What a complete joke.
Jim Willie pretty much said it all, supply, demand are useless. Holter is wrong about China, they are part of the cabal.
Posted by ipso facto
@ 16:26 on August 7, 2015
Wasn’t able to watch the whole thing but I didn’t hear a peep about the Glass-Steagal act or it’s repeal. IMO one of the huge issues! Talk about it’s repeal may come complete with a 30.06 round.
Posted by ipso facto
@ 16:23 on August 7, 2015
Posted by ipso facto
@ 16:23 on August 7, 2015
Posted by treefrog
@ 16:02 on August 7, 2015
update: puppyday countdown = P MINUS FIVE
Posted by Maddog
@ 15:45 on August 7, 2015
Yet again the SM miraculously levitates twds the close, so all “Gummy” Scum can pocket enough to pay off their dealer and act the rich man.
Meanwhile Oil gets the Gold treatment…hello Saudi ….they are taking the piss out of you,,,,and PM shares had the stupidity to rally early, that is now being dealt with and as for rates well they are in the tank.
Scum will be cruising all day on their yachts over the weekend, without a worry in the world………except the trophy missus keeps makeing excuses not to come and that new Tennis coach seems awfully pleased with himself….
Gummy…..https://en.wikipedia.org/wiki/Gummy_shark
Posted by Mr.Copper
@ 14:45 on August 7, 2015
They ALWAYS leave out…”At that price”. Most of the time the jobs just don’t pay enough. CNBC statement should have been….”NOT ENOUGH PAY INCENTAVE TO FILL THOSE JOBS”
Posted by Mr.Copper
@ 14:34 on August 7, 2015
Copy that. Gold and Silver is extremely under priced. $15 Silver? A meat ball hero must be about $8 today. How can an ounce of silver be equal to a couple of meatball heroes??
Even a cheap set of four new tires today is around $500 and up. $700 plus for Michelins. A brake job? $1,000 and up. Who would give up an ounce of GOLD for a brake job??
The whole value system is distorted. Even a big part of the population is “distorted”. Neurotics, control freaks, complaint bags, mental defects on prescription drugs shooting up schools and movie theaters.
Posted by Richard640
@ 13:23 on August 7, 2015
After the report the $ rose 1000bps from its low to its high–now it’s down 211 bps–so from the high it has given up 700 and change bps…and that’s a big deal!
The gold action looks like the usual crud…but that gold is green at all is a change of pattern
I would sell my long NUGT position-at a small profit- now for lunch money…but because of the $ action, I’ll carry it over the weekend–cause it looks like U.S. stocks are in trouble and there is lots of “worry” dialogue out there in Radio Land…which could mean that problems that “didn’t matter” may suddenly start to matter…setting all those considerations aside, gold is still very o.s. and is entitled to some more of what is a pretty pathetic stability and across the page action. I see dec gold kissed 1099 and swooned…
http://futures.tradingcharts.com/marketquotes/DX.html
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Posted by treefrog
@ 12:51 on August 7, 2015
Krugman and Bernanke are walking down the street and see a pile of dog crap. Bernanke says “I’ll give you twenty thousand dollars to eat that pile of crap.” Krugman does it, gets paid, and they keep walking. After a while they see another pile of crap on the road. Seeing an opportunity for revenge, Krugman says “Tell you what, I’ll give YOU twenty grand to eat that pile of crap.” Bernanke does it, Krugman gives him back the money, and they keep walking. After a while Bernanke says “I’m feeling pretty sick. We both ate crap and neither of us is any richer.” Krugman answers “You’re missing the bigger picture. We’ve increased GDP by forty thousand dollars and created two jobs.”
the dog, the only producer in the scenario, gets nothing. keynes would be proud.
Posted by Ororeef
@ 12:43 on August 7, 2015
Posted by Mr.Copper
@ 12:34 on August 7, 2015
Posted by Buygold
@ 12:34 on August 7, 2015
Hopefully it has a positive impact on gold.
GLD almost broke out above 105.
Almost – like horseshoes and hand grenades.
SA having a great day up 24%
Posted by Equisetum
@ 12:30 on August 7, 2015
Posted by Ororeef
@ 12:28 on August 7, 2015
This is the difference between the interest rate at which the US Government is able to borrow on a three month period (T-bill) and the rate at which banks lend to each other money on a three month period (measured by the Libor).
Since, arguably, the risk of a bank defaulting is slightly higher than that of the US government defaulting, the Ted spread measures the estimated risks that banks pose on each other. The higher the perceived risk that one or several banks may have liquidity or solvency problems, the higher the rate you will ask from your loans to other banks compared to your loans to the government.
Consequently, the Ted spread is a great indicator of interbank credit risk and the perceived health of the banking system.
see my 11:59 post
DEFINITION of ‘Ted Spread’
The price difference between three-month futures contracts for U.S. Treasuries and three-month contracts for Eurodollars having identical expiration months.
INVESTOPEDIA EXPLAINS’Ted Spread’
The Ted spread can be used as an indicator of credit risk. This is because U.S. T-bills are considered risk free while the rate associated with the Eurodollar futures is thought to reflect the credit ratings of corporate borrowers. As the Ted spread increases, default risk is considered to be increasing, and investors will have a preference for safe investments. As the spread decreases, the default risk is considered to be decreasing.
Posted by Buygold
@ 12:18 on August 7, 2015
Watched the debates last night. Best part was his slam on political correctness.
Just about everyone else was the usual vanilla politician. Ben Carson was kind of refreshing, Huckabee not bad. Christie was a real a-hole IMHO.
Problem with Trump is I can’t figure out what his game is or whether he is even serious about running all the way until the end. At least he’s fairly honest and tells it like it is.
Posted by treefrog
@ 11:59 on August 7, 2015
can anyone think of another candidate who would be harder to bribe?
Posted by Ororeef
@ 11:59 on August 7, 2015
FOUR TIMES THIS PATTERN HAS APPEARED AND WAS FOLLOWED BY
A GOLD PRICE INCREASE ? we are at the FOURTH Period NOW !
This is the Longest in Duration and should be followed by a Large increase !
To clarify for those chart challanged Gold appears in the background as solid black line
The “TED SPREAD” is the primary chart !
The TED Spread measures RISK for a Dollar deposited in Europe ,Vs a Dollar deposit in US ,when the spread widens Financial RISK goes up !
Posted by ipso facto
@ 11:23 on August 7, 2015
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