http://www.reuters.com/article/2015/08/25/us-northkorea-southkorea-idUSKCN0QR02D20150825
Good morning Oasis
IMPACT Silver Announces Second Quarter 2015 Financial and Production Results
http://finance.yahoo.com/news/impact-silver-announces-second-quarter-153315270.html
True Gold Mining Reports Q2 2015 Financial & Operating Results
http://finance.yahoo.com/news/true-gold-mining-reports-q2-182500373.html
Romarco files Information Circular and provides Haile construction update
http://finance.yahoo.com/news/romarco-files-information-circular-provides-223500509.html
Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in the Open Market
http://finance.yahoo.com/news/batero-gold-corp-acquires-common-020853762.html
Paramount Gold’s New Magnetic Survey at the Sleeper Project Defines Seven Targets Around, and Parallel to, the Original High Grade Sleeper Deposit
http://finance.yahoo.com/news/paramount-golds-magnetic-survey-sleeper-100000749.html
Morning Equisetum
Thanks.
I’ll step off for awhile and quit spreading my misery.
Best
Coffee Time
DOW futures up 600 …..
I bought more motorcycle parts yesterday
Morning Friends
Winedoc
Long Night
This dead cat is gonna bounce. Dow futures up +280 tonight. Trading was halted 1,200 times on Monday. (High Frequency Halting??)
I’m breaking into my ‘stash’ before Madmike gets up. This stuff is way better than Kona coffee. Kauai has older, richer soil than Kona. Single origin, estate grown. I’m relegated to bribing old friends in the islands to send me care packages now. Can’t get this stuff on the mainland here.
you go misses spot
what happened to the crb…no one is talking about the crb
Maya @ 19:54
Love the stock market train, lol.
Gems from a ZH thread…
hey ……this is just a correction so relax..in fact…..buy…buy buy buy…….its all ok because its just a correction……stay calm…….just DONT BUY” GOLD
Bonds and gold are down so everything has to be just fine and dandy.
Yup, better to be months or years early than seconds late. If anyone still has skin in the paper markets, they better understand the GAMBLE they are taking. I’d rather bet on sports or blackjack or buying real estate in detroit. At least I know its a risk and the payouts are higher.
Now, more than ever, we need to listen carefully to what Jim Cramer has to say…
I’m not sure if ANYTHING would cause the US indexes to correct.-Loss of confidence should take care of that.
Credit will likely fall apart throughout the next 12-13 months.
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
THE POWER OF CHINA COMPELS YOU!
LMAO!—Begone Lord Beelzebub Keynes!
It used to be just one country or two maybe..now its the whole world flying around….scary to be a Central Banker actually…as they have no idea what is going on or is going to happen tomorrow….wierd huh???
Buygold, regarding the last line in your 20:37 posting, plus your posting most
Sunday afternoons shortly after the gold and silver spot prices begin being posted again after a weekend rest, where you regularly express your disappointment at how predictable the push downwards is for the PMs, I share your disgust about the predictability of this downward bias.
I have found it a bit easier to accept this continual downward bias by regularly reminding myself about two circumstances. First, I accept that the perpetual lid holding down any upward momentum in the price of gold and silver is going to remain in place as long as the U.S. dollar is the world’s reserve currency. That is not an original thought on my part; seemingly reputable analysts have suggested that the price of physical gold and silver cannot go upwards by any significant amount as long as the strength of the U.S. dollar must be propped up. I happen to go along with this belief.
The second circumstance that gives me Sunday relief is that I believe others more knowledgeable than I am when they give their reasons that the U.S. dollar is not going to be the world’s reserve currency indefinitely into the future. I think my remaining years are going to let me see the loss of reserve currency status for the U.S. dollar, and that gives me hope every Sunday afternoon, which happens to be the time each week when I scribble a post-it note to myself for the week ahead with the reminder, Buy More Physical Silver. Cheers. Equiz
canine health update
ms spot must have been able to sneak a phonecall out to her lawyer. the vet called yesterday to follow up. i told him spot was complaining bitterly about being segregated from her puppies in her recovery from eclampsia. he suggested that i could put her in with the puppies for a half hour AFTER filling them up with bottle feeding. he said that being full, they would be unlikely to suckle much. i have followed his suggestion with subsequent feedings. spot and the pups seem to like this arrangement much better than the complete segregation.
Buygold–White eyes speakum heap big truth…here’s Ackermans comment tonight:
Whatever the case, the best way to look at gold’s charts at the moment is to pretend we know nothing about the stock market’s big troubles. Seem from that perspective, December Gold appears to be consolidating for a push above 1200 in the weeks ahead. Notice that although the futures gave back most of yesterday’s modest rally by day’s end, the intraday high poked slightly above an ‘external’ peak at 1169.00 recorded back in early July. This generated a bullish impulse leg on the daily chart, implying that the pullback from Monday’s high is likely to produce a follow-through rally leg. Were it to equal the rally off mid-August’s 1108.50 low, the futures could trade as high as 1206.00 by month’s end or early September.
R640
As usual, James Mc will be wrong as rain. Seasonal, technical, charticals, vibrationals, crapinals, will be wrong.
My son asked, he said “the SM went down big today, that’s good for us right’?
Couldn’t bear to be honest with him. Yeah, I said, “not great today, but it will be”!
What a fu*king lie. I’m just like the fu*king Fed.
Said that fully knowing that pm’s suck AND especially pm shares sucked worse than anything in ANY market.
WANKA @ 12:52
Although that is the WORST “sun kink” I have ever seen on a track, I got just the thing to get you thru those wobbly tracks. No problem for this personal Gold Train. You can putt-putt past those rocks, too!
http://www.railpictures.net/viewphoto.php?id=540280
Glad you are doing better. Take care, old friend.
The FEDs
Scorched EARTH policy ..If we cant keep our monopoly then no one else will prosper at our expense ….”Gold is our rival for a safe haven” and they try to deny that safety exit for everyone except their selfish members. Its” us” or NOTHING policy. Its a DAY of INFAMY… their attack on America will be remembered just like Pearl Harbor DAY …This will not stand ..there are too many with too much FREEDOM to lose. DEBT is Slavery….by another name.
Their day will come like an Atom Bomb !
Gold now has absolutely everything going in its favor- seasonals, technicals, fundamentals, and now global crises too numerous to mention.
KEEP THIS IN MIND, James Mc…
Global Crash = MOPE, and the circled number
Bill,
MOPE! MOPE! MOPE! Red alert! With TEOTWAWKI unfolding in the global financial markets it was all about MOPE, and alas, the 1% rule. Circled number showed $1171.20 and sure enough gold came within $1.40 one minute after the 9:30 NYSE open before immediately getting hit. Never mind a 2 ½ point dollar crash, 1,000 point Dow crash or China in total chaos, gold was decreed to be disgustingly, eerily calm. The improbability of gold having virtually NO reaction is (fill in your appropriate standard deviation from norm number.) If ever there was a day to suppress gold and silver this was it. No two ways about it, today was as MOPEY as it gets. Gold going up hundreds of dollars in a market crash is the thing bankster nightmares are made of. Gold now has absolutely everything going in its favor- seasonals, technicals, fundamentals, and now global crises too numerous to mention. Look for gold to have a delayed uprising soon, after the klieg light currently beaming on global equities gets a little dimmer. Gold may be suppressed in derivative terms, but the global physical market is officially on fire. And why not? It (along with silver) is practically the only remaining safe haven.
List of investment alternatives to a crashing equity/dollar market:
* Bonds – an even bigger bubble.
* Gold, silver – severely undervalued.
(Now fill in your appropriate cliché. My pick is “no-brainer”.)
James M
Trying to do some quick charting looks like Armstrongs 14k levels for scenarios are percentage charting or part of it as is a little higher than what I found but not too much. Oh well back to real life.
Nikkei futures down 1166–rsi on the DOW is 16–looks like a bounce tomorrow….but under these conditions
http://futures.tradingcharts.com/marketquotes/DX.html
ya gotta suspend ….or at least take with a grain of opium…er I mean salt…technicals and rules in general
Anything can happen!
Like Goethe’s stainless steel bust falling off the mantlepiece…
Buygold @ 15:17
Don’t forget options exp is Thursday
NUGT down 25%-COMEX gold down .6%-I just had to take a stab-DEC options have 4 full calendar months
NUGT DEC 18 2015 4.00 C – 03:15:05
Bought to Open 100c @ $.90 – Total: $9,132.00
The $ down big-stocks down big–PM equities down big….gold certainly doesn’t look by a buy–but I feel that if this unraveling continues, buyers will take the Cartel head on…
In DRUCKENMILLER we trust-!
Armstrong
Well he finally came out with numbers not higher than support of mid 16660s that was bound to be taken out. Hope some people didn’t loose too much holding for a bounce in 16,000 as a fake out he was talking about less they’re really long. Now what concerns me is some of his POs are breaching critical support below the 15,272 ish line off the 09 low. Hope he doesn’t try to lead people all the way down who aren’t really long speaking present or now past tense. Many have already been out.
Armstrong
The 16258.10 is a BULLISH REVERSAL not the BEARISH. The underlying Daily Bearish are 15340.00 and 15300.30 followed by 15095.00. Technical closing support lies at 16041.78. A closing back above this technical support will help stabilize the market. The broader support lies at 14769 to 14587. A closing below 15961.79 today would warn that we could make a new intraday low tomorrow but today’s closing would still be the lowest if we close below 16258.
Keep in mind you DO NOT want too much of a bounce just yet. That will make people feel it is over. We are better off with a less of a bounce and some churning to maintain the bearish attitude. When you have too many people saying just hold on TV, this is not very good. It is better to see full blown capitulation to create the low.
Caution is still warranted just yet and the closing will be critical. A closing above 15961.79 will help stabilize whereas a closing just over 16042 will be better for now.