Loading ...hi bill,
john whitefoot is to be congratulated for pointing out the GDX and SIL
both formed death crosses in november. he left out the facts that
GLD and the HUI also formed death crosses last month.
when all four indexes form death crosses i’m simply not jumping
into the market.
the GDX and HUI are in 8 month bear markets. gold is in a
10 month bear market, and silver a six month bear market.
technically there is nothing but air under all four of them.
this Trump Honeymoon is going to continue until people
wake up to the fact he IS an insider, he IS the establishment,
and all his appointees are, in fact, swamp monsters.
the commercials are still a massive 75,000 net
short silver contracts, and an equally massive 168,000
gold contracts.
yes, we have to continue to be patient. the fundamentals
get better for us every day, and reality will eventually
reappear.
best,
roger in wilmington
Fade this!!
Buygold @ 16:32 Re Trump May Have Been Chosen By TPTB
Thanks for the comeback. I also hope I’m wrong about Trump. Right from the start I loved him. But some things he said do not fit with the major reversals I see necessary. The entire past was a big mistake. For one thing, building up the military industrial establishment is not needed imo.
A big fat waste of tax dollars. Corporate welfare. That’s why it was being wound down. Not needed. Too many alliances. There will never ever be a big country war against another big country. All the little stuff?
It’s time to let China and or other countries be the FREE police man of the world. He also kept praising the water front European colony that was never accepted by the locals, and caused many ongoing problems since.
As if it was a new Plymouth Rock and the natives would be dumb and pushed aside like the native American Indians. He never said anything about globalization, United Nations, Bilderbergers or Agenda 21. Nothing about Gold Silver (and all metals) price suppression.
And there were many informative things he should have said, that were NOT said. He keeps saying China did this, and China did that etc. In reality, China didn’t do anything. China didn’t wake up one morning and say…
“We are going to be the vendor of the world” They were chosen by big global business, after Nixon went there to make “arrangements” and those businesses secured a fixed pretty much permanent exchange rate, Yuan pegged to the dollar.
Even a small local business requires a 20 year rental agreement contract. No big businesses in their right mind would move all that machinery and set themselves up in a foreign country without some kind of long term agreement and assurances.
Maya, a comment to you that has nothing to do with transportation by rail
If we decided that we wanted to sail in a straight line, via the so-called Cooke Passage, from Port Renfrew (near where I live in Victoria, British Columbia) to Port Cartier in Quebec, would you care to join the adventure as we pass Nihoa, Hawaiian Islands? Check out the route map in the two-minute video embedded in the link below.
Mr. Copper
I hope your not right about Trump, I like all his picks but Mnuchin and Cohn, and I read somewhere where he appointed Dimon to head of his business round table. That is hardly “draining the swamp” and I agree with you that the banks have their own global gov’t. I’d take it a step further and say that the US Gov’t was taken over by the banks in 2008-09.
So, we wait to see how Trump really governs. If he keeps us out of war – especially with Russia, brings some jobs back and builds the wall, I think he’ll have done an admirable job. I suspect on immigration the Republicrats will run interference on him, because they’re lousy crooks.
One thing his picks make clear, there’s no way he’s going to clean up the graft on Wall Street or at the SEC or CFTC. They’ve got a green light from what I can tell.
A lot of unknowns. We’ll see.
Yawn and another yawn
“All I can say is that the longer this goes on the larger the potential reward keeps growing as the price and value are bearing no relation to one another at this time and the chasm is growing wider by the day!”
COT Report
http://www.cftc.gov/dea/futures/deacmxlf.htm
Gold under $1000? Sure, why not?
I guarantee everything pm will now be sold into the end of the year.
Re Gold
The newsletter I get since 1979 is pretty good. He put a hold on gold and PMs quite a while back. Well, yesterday he removed the “hold” recommendation and switched to “buy”. They expect a currency upheaval. Mentioned we may be a little too early, but don’t care.
“Currencies will be increasingly covered isince the potential for an upheaval is rising. This implies our interest in a possible new gold and silver bull phase, with buying opportunities for us while all other investors consider the area negatively – often an ideal time to buy”
Buygold @ 11:34 re not all of the swamp creatures will be drained
I’m very suspicious of Trump. The bankers have been operating as a global gov’t for decades. They have the most to lose. So far, all I see, since 2008, is too little too late. The stores and roads are still FLOODED with imports 8 years later. Even American cars are full of Chinese made parts.
As for Trump, all I hear is a lot of hot air, steam, and wishful thinking. The markets, are naturally acting like the prosperous future is here already. Plus the prices exaggerated by computers. God knows how much they paid Trump and unleashed him to represent them. They all knew his life long rhetoric would appeal to the fed up masses.
They gave us Glen Beck, and Rush Limbaugh, that were controlled, and now they may be giving us Donald Trump in a much bigger way. I think TPTB are in panic mode and carpet bombing, thru Trump, a mind over matter situation.
I’ve seen too much in my lifetime to take anything for granted. Every time a new president gets in, they get “conformed”.
I do like Trump, and like what he says. But will it all happen? And or how and when?
Everybody out of the pool…
… and on to the “puter”.
You can not be slaves to the “free to do what you like” friday.
We…… in the Old World demand… some sort of reaction, before we go to bed, 🙂
Nemo
Farmboy…. you should be here
Julebord, that is an extended smorgasbord.
In Sweden the proper name is: Smörgåsbord… That is… (at the beginning) a table filled with assorted things, that you could put on a slice of bread. We have expanded that to infinity!!!
All the best
NEMO of Sweden
Maya
Now that’s some gorgeous scenery, Mr. Trainman…thank you.
Maya @ 13:06. Speaking of scenic train photos in the
Kicking Horse Pass area west of Calgary, I wonder why Goldtentoasis never hears anymore from MadMike and his partner who used to post about their leisure visits to the mountains west of Calgary. Cheers.
Savage on gold
Weekly Article December 7, 2016
Mike Savage
I have been getting a few calls this week wondering why the price of gold is not rising with all of the major events taking place. The only real answer that I can give is that the people who can sell two years of mine production in two days after the US election (obviously nobody owns that much gold to sell- naked shorting) were ready, willing and able to keep the price capped after the third beatdown in 2017 of the status quo took place in Italy on Sunday.
This is an obvious action that can easily be seen in the charts. Just today (Dec. 6) I noticed that gold has been charging higher at times and twice during the day there were waterfall declines. All before noon! This is NOT normal action.
I saw it written that it took them 3 weeks to fix the markets after Brexit, it took them 3 days to fix the market after the Trump victory and 3 hours to fix the markets to their advantage after the Italian “no” vote to constitutional changes and the resignation of their leader- Matteo Renzi.
All I can say is that the longer this goes on the larger the potential reward keeps growing as the price and value are bearing no relation to one another at this time and the chasm is growing wider by the day!
Last week I mentioned about the confiscation of larger currency notes in India. This is supposedly a first step of making India a cashless society. In one swoop the Indian government made pieces of paper that gave the illusion of wealth the value that they actually have- no perceived value after a certain date by the same people that issued those same pieces of paper!
Think of how profound that is. The only real value of any piece of fiat currency from anywhere is what some government beurocrat says it is- not likely too informed or unbiased in my opinion. It has been reported on King World News and other sites that gold has been trading between $1700.00 and $3000.00 per ounce in India as people are looking for a store of value they feel they can trust.
Gold Train
I see Farmboy has gone ‘hard core’ and is chewing on the beans now. That’ll give you a buzz! I have a brief window of WiFi here to drive a train thru. It’s Friday. It just doesn’t get any more beautiful! The CP ‘Canadian’ and the Canadian Rockies.
http://railpictures.net/photo/596456/
http://railpictures.net/photo/597036
The Goldman appointee
It has been written that nothing gets done in DC without insiders… as much as we dislike the embedded bureaucracy. Same with the finances of the country. Reagan ran into this problem when he wanted to clean house, also. So I give Trump the credit for realizing this and using people who know how to get things done. But I have no doubt that Trump is his own man with his own agenda, and will deal with things realistically the best he can.
Richard640
re Italy
The Rig runs it all……Italy really is too big to bail, which means DB is dead and therefore so is Germany…..so for the Dax to be positive and AU new lows…only in Scum land.
Seems we are on our own.
Trump’s appointment of Cohn is the last straw, Mnuchin could be mistaken loyalty…not Cohn.
One has to think that Trump has been made aware of the “state” of Fall st and the rest of the West’s finances and told “our” way is the only way out….well they better pray they are right, as it will be the 1st time in history that such huge losses will be paid off through growth…..Trump has to borrow huge amounts and rates are already
going against him, will Yellen print/buy the paper off him, to try and stop rates rising, or will he go to the mkt. A sky high Dollar makes those bets from foreigners much riskier…but the domestic mkt ain’t big enough. rates are a one way bet here, long term…unless Yellen prints.
Russia and China by their relentless Gold buying know how this will end…..
Deer79-perhaps u r rite-I don’t follow him close snuff to know his 19 yr record
I wonder if anything will ever matter again to markets–The DAX is, again, up 24 its as I write despite the action in Italy today
Monte Paschi Stock, Bonds Collapse After ECB Rejection
by Tyler Durden
Dec 9, 2016 9:46 AM
Having soared ridiculously (25% off Tuesday lows) following its dip after the Italy referendum ‘no’ vote, ailing Italian lender Monte dei Paschi di Siena has seen its stocks and bonds eviscerated in today’s trading as reality dawns that the fecal matter in Italy is about to strike the rotating object. ECB’s rejection of Paschi’s request for more time has sparked wholesale selling across the Italian banking system.
Deer79
Armstrongs last few years being bullish on the markets makes sense because where else can you put your money and in away you can liquidate it or to buy tangables vs trying to sell them.
Richard640
As much as I want to disagree with Armstrong, he has been correct about some of his calls. Foremost in my mind is his prediction that the US $ would appreciate considerably and the DJIA would continue to go higher.
This has been an extremely tough pill for me to swallow because everything seems to be “made up.” It’s such a struggle for me to understand how this could be happening. End of my rant.
Big Money Intends To Shut Down Our Website — Paul Craig Roberts
Big Money Intends To Shut Down Our Website
Paul Craig Roberts
Big Money and the US government controlled by Big Money intend to close down Internet truthtellers. As Trump intends to reduce the tensions between nuclear powers, the 200 List prepared by the shadowy Internet site, PropOrNot, is in Trump’s way. Either Trump will be apprised and convinced of the “Russian threat,” or the dissident websites will be promoted to “Muslim apologists” and fall under the ire of Trump’s Iranophobic generals.
Our site, www.paulcraigroberts.org, is one of the sites targeted to be closed down. As I recently reported, the US House of Representatives already has passed a bill that creates an interagency executive branch committee that can be used to close down truthtellers on the basis that disagreement with the official propaganda reported as news by the presstitutes constitutes spreading fake news or is proof of conspiring with Russia or Iran (and soon, China) against the United States.
Apparently, Trump wants peace with Russia but war with Iran, a contradiction as Russia will not permit the US to have war with Iran. So if Trump and his generals persist, there will be no lessening of tensions between the US and Russia, and by extension with China.
If this is the outcome, Trump will blow up the planet as surely as Hillary would have done.
If Trump does not reduce tensions with Russia and China, there was no point in electing him.
The United States government is such a criminal institution that it is scared to death of truth. People who lie for the US government and their oligarch controllers prosper. Those who tell the truth are unjustly and harshly persecuted: Manning, Snowden, Assange, Kiriakou, Binney, et. al. And now there is a list of 200 websites to be persecuted.
The dictum of the George W. Bush regime—“you are with us or against
us”—has moved to the next stage. My readers are aware that a brand new website, PropagandaOrNot (PropOrNot), compiled a list of the websites that provide real news and independent analysis and branded them “Russian agents.” In other words, if you tell the truth, you are serving Russia, not the US. To serve the US you must tell lies.
For telling the truth, PropOrNot has put me in their swill bucket: http://theswillbucket.com/?p=5567
Dopey Armstrong=gold going into the abyss–under $1000
India is moving now to confiscate gold after going after the cash. Currently, each married woman is entitled to 500 grams, each unmarried woman 250 grams, and each man 100 grams of gold. Everything that goes beyond is classified as illegal possession and thus will be confiscated. There is no restriction on the possession of the jewelry only if the jewelry was purchased by inheritance. Prime Minister Narendra Modi is giving more power to tax authorities rather than dealing with corruption. They will be shaking people down for money. Unlike FDR who confiscated gold from the banks, Modi is allowing the tax people to go door to door.
This is the problem I have been warning about with gold. It is losing it safe haven status for it is getting to the point you cannot travel with it, keep it in a safe deposit box, or show gold with jewelry. In Italy, if it looks like you have excessive jewelry, they pull you over and weigh it at the border.
This is all part of the Hunt for Taxes. India is setting the tone. The danger will be if others follow. Trump would stand in the way of such policies in the United States. But in Europe, we may see the same policies take effect to different degrees. All they need do is claim that terrorists are using gold to fund their operations.
Everything is still on target for the move under $1,000 into next year.
