because they need an excuse not to raise rates in june. The box they are in gets tighter and tighter. This is going to be fun to watch.
Ipso – one more thing
I don’t really see how they can keep the SM afloat without leaving rates alone. I guess in other words, maybe the SM and pm’s go up in tandem for awhile, because if they do raise rates it will crush the SM, but maybe not pm’s, because pm’s know what’s coming, just like last December.
WTFDIK? 🙂
Ipso, Wanka
Hey Ipso – Good day indeed. Nothing would make me happier than to see the Crimex explode. I certainly hope everyone stands for delivery and bleeds that pig dry. 🙂
Wanka – glad you got my check! I hope it doesn’t bounce.. 🙂
Have a great weekend!
goldie farmboy tony and I think maddog? big thanks checks received and tent-a-thon closed with some bucks left over for next year or maybe i’ll take up drinking again! [gg]
maddog did your 50 clams come in a ‘travel money card plus folder? was it you? there was no return address on the envelope and I’m ‘assuming’.
best of the best of cheers to you all
and tony sent 100 smackers to help my drinking if I so decide. wj
edit wj: and we have an extra 100 forward to the 2016 tent-a-thon thanks to a couple of generous souls. what a great gang of people the oasis has. warms my heart.
More Foxes in the hen house.
And this is what happens when they get in.
DEMOCRAT MAYOR AND POLICE CHIEF SIT BACK AND WATCH WHILE CITIZENS ARE ATTACKED AT TRUMP RALLY. Time to exterminate the roaches because we’re becoming infested left and right with a hostile anti- American invasion.
https://www.google.com/amp/s/theconservativetreehouse.com/2016/06/03/donald-trump-supporters-terrorized-by-raging-mobs-in-san-jose-a-democrat-mayor-and-police-chief-watched-it-all/amp/?client=safari#
Buy sell buy sell buy sell buy sell buy sell buy sell buy sell….make your brokers rich and happy
……or…….Be right, sit tight, and sleep at night!!!!
Buygold
A nice way to end the week!
Apparently lots of gold contracts over at the crimex are standing for delivery. Fingers crossed!
Have a great weekend everyone!
Farmboy, Ipso, Copper, samb
Crazy day and a good day but they sure have held the line at up $31 all day long and of course have brought the SM back from the grave as they have every day this week.
samb may be right and gold might just be reacting to the USD weakness but if so, it’s the first time all week that it has. Puts could be the right play, I dunno.
One thing seems clear, the Fed and Goldman have these markets completely controlled with whatever computer programs they use. Every market is on autopilot, especially the SM. Zero price discovery.
COT Report
Mr Copper
Looked around this morning got some info not verified central banks were buying that contributed to this rise. Until now it was either gonna run either way but still looked like it could gain for now. I wouldn’t be too bullish for rise about 1300 now a resistance area until it moves to 1280-90 witg caution but if you wait too long after might be hard to git a good bid. But then it’s for strong nerves and mental stops and watching patterns. We still have interest rate rises that could bring it back down for now. I think we will have the dollar and gold plus probably commodities pull just not at same time. Have to keep a eye on other sectors overseas.
Like the Chinese are still buying.
Can guess a safe haven for rising interest rates in the US. Now just that on global scale. Be they allow their currency to decline or they sell US reserves to keep the yuan afloat they are as citizens I understanding restricted in buying dollars. Either way it will create demand. It also helps the confidence is yuan’s value. For the government and the ones who can afford it.
Boy, What A Gold Market Fake Out
Down and down all month, and BINGO, abruptly back up. I can well imagine how many thousands investors got in a little late, on highs, got discouraged and sold at lses on the way down, not realizing that the dollar going up all month was a mistake. Or a contra trend rally. My view the main trend is a lower dollar. And higher gold.
This one day jump over rode most of the decline.
http://schrts.co/uJPGOr
The Funniest BLS Report Ever
Talk about perpetrating the BIG LIE. Goebbels and Bernays are smiling up from the fires of hell as their acolytes of propaganda have kicked it into hyper-drive.
http://www.zerohedge.com/news/2016-06-03/funniest-bls-report-ever
Gold Train
What a great day to be riding the gold train! Like a blast from the past… The luxury liner of the 60’s, the Union Pacific “City of Los Angeles” on it’s westward trek. The demand was too great for just one train, apparently, as this is the first section with sleepers and first class diners. The second section of the train follows in about half an hour with the ‘all coach’ section. 24 hours to Los Angeles. This particular locomotive survives today and still pulls the UP Gold Trains!
http://www.railpictures.net/photo/578641/
Samb and FB
On the other hand … holding a $30 gain is nothing to be sneezed at.
If your time horizon is 10 minutes maybe puts are a good play.
Think You Are Right Samb
ure
Sure looks gold and silver are ONLY reacting to the fall in the dollar. Pretty much flat line. Unless dollar drops some more, then this is it. Seeing no follow through to the upside. We be tied to the dollar hip for now.
AIN’T NO BETTER TIME
then to buy PUT options on the miners. This one should be easier then most.
This Guy Has More Drawings & Colors Than a Dollar Bill, and Goes Down About as Fast
Dollar taking it on the chin, and jaw, and nose this morning.
I don’t think any of my dollars are going there …
Iran says in talks with Rio, Glencore about copper projects
Otto Rock re: Primero Mining
The IKN post regarding Primero’s (PPP) (P.to) decision to take Mexico to court under NAFTA rules contains swear words
You have been duly warned.
You fucking stupid self-entitled bunch of gringo assholes, what the FUCK are you thinking? You do not take a sovereign nation to court just a few short months into any dispute, let alone the country where you have your main operating mine! You negotiate and negotiate and negotiate again, this type of action is the final recourse and there is no way in the fucking world you can tell us that you’ve reached the end of the road after such a short time.
Not only that, but this is exactly the same Primero that had two worker deaths last year, a record so poor it forced the company to overhaul its own pisspoor work practices. Oh what fun you gonna have when Mexico starts a careful check of your track record and asks your employees about the lax health & safety rules you used to cut costs that put the lives of their citizens in danger.
You stupid arrogant fucks have opened a massive can of worms. You do NOT piss off countries like this. The Donald Trump school of international relations may get you all testosteroned up and hi-fiving in the boardroom but when you find out what your HOST COUNTRY (for cryin’out loud!) can and will do to you I’m 100% certain you’ll be feeling a very different set of emotions.
Sack the person who advised you to do this immediately, dumbfuck gringos. Proxy slate, anyone?
There, told you there were some swear words. The offending PPP