Loading ...It is strange, PMs over reacting on the AU AG drops and under reacting on AU AG rallies. All the miners are higher than Dec 23rd but lost all Februaries gains. All back to January levels, but AG and AU are higher in Feb. Obviously the selling brings on more selling, and buyers are on the side.
Loading up on SLV and GLD or USLV or UGLD and PALL and PPLT may be the way to go.
Re 12 am
What ur seeing is the scum at work, bulling the SM…which seems to be it’s sole reason for it’s existence.
PM shares tdy have been rammed lower with unlimited selling…so despite last weeks option selling, no short covering at all, just even more selling…last week they had to protect the 24.00 puts, not now.
I just noticed something at precisely 12:00 in my intra day I minute bar chart….
TBT bond short went up,
$tnx 10 year yield went up to 2.37%,
UUP Dollar etf went up.
AU AG GDX GDXJ and pretty much all miners went inverse down at precisely 12:00.
This may be the week that Bitcoin matches the price of Gold. BTC runup again now at $1,192
Gold:BTC parity coming!
http://www.coindesk.com/price/
You mean futures bids on AU and AG? Or bids on miners? All I can suggest is, the system is in reverse, maybe like “Slack Tide”? The old bad ways, and new good ways are going on at the same time.
The USA “tide” is dead low, and looks like the tide is shifting to up.
If you are talking about Shares not performing as good as in the past, with higher spot prices? There may come a day when bullion out performs the shares. That would fit with my reversal of everything thing.
In the past shares ALWAYS outpaced the percentage gains of bullion. Because of the metal still under ground, reserves, are like a margin play with spot.
Folks hate to say it, but we are back to the bad old days. scum have been sitting on GDX all day, selling never lets up….offers always multiples of bids and whenever a buyer takes out a scum offer, the next offer increases by double or treble the amount bid, then bids taken out and the slide resumes .
Seems like the right is alive and well to me.
Can’t seem to hold a bid.
This clown said something like….
“I’m against a border tax. The free movement of capital and goods, is very good for the global economy. And what is good for the global economy, is good for the USA”
Comment:
Huh?? The host said nothing in response. If I was there, on prime time financial media? I would confront that BOZO with……
“Hey dim wit, what are you smoking? Or are you just spreading propaganda? We have had free movement of capital and goods since 1975, and yes the global economy grew, but at USA’s expense. We were a victim of globalization”
“Base entry level salaries are lower today than 1975, with a pecking order, held back all private sector tax paying salaries since 1975, and the USA has accumulated a $19 trillion national debt. Would you care to revise your statement sir?”
Like deputy Marshal Samuel Gerard in the Fugitive movie said, “Do you want to change your bull shit story sir”?? After finding empty shackles, after the prison guard said the prisoner died in the crash.
Very good on that, agreed. The Media should teach the general public those observations. Another way to put it is……..
“Any production business, can survive without an office and a showroom, but an office and showroom, can’t survive without the production facility”.
All past presidents transferred our production facilities to China, Japan, Korea, Mexico et al and STUCK the hapless USA with mega loads of offices and showrooms. All those office and showroom jobs were nothing but “middle men” sucking counter productive anti American “profits” from fellow Americans.
It was a form of financial cannibalization of fellow Americans, until the 2008 crash, which ended the globalist agenda ability to give loans to under paid Americans so they borrow and spend with no down payments.
The Global powers said…
“GEEZ DON’T GIVE THEM DUMB AMERICANS A RAISE, GIVE THEM A LOAN INSTEAD” “WHO CARES IF THEY DON’T EVEN PAY IT BACK?” “IT’S NOT OUR PROBLEM”.
But now it is their problem, because Trump, a patriotic American with money, got tired of watching his country get screwed by a pro foreign anti American mole gov’t in the White House. Thank you, God bless Donald Trump, a new Founding Father, re-establishing our independence.
The USA won independence in 1776, and lost it in 1913. That’s when the scumbags got their “Camels” nose under the tent. By Dec 7th 1941, that “Camel” was standing proud totally INSIDE the tent.
Galician senator and demographics expert, Edelmira Barreria Diz, has been appointed government commissioner with special responsibility for challenging the nation’s sliding birth rate.
Last year Spain recorded more deaths than births for the first time since World War II prompting Prime Minister Mariano Rajoy to take action.
READ MORE: Almost half of Japanese marriages are sexless – study
Barreria Diz has a serious task on her hands considering the scale of the decline. Between 1977 and 2015, the number of childless couples tripled from 1.5 to 4.4 million, according to the latest report by Spanish social and economic think tank, Funcas.
Spain’s birthrate fell by a staggering 18 percent since 2008, leaving the country with one of the lowest birth rates in the European Union, hovering just above Greece, Cyprus and Portugal with 1.32 babies born per woman in 2014, according to figures from Eurostat.
Comparatively Ireland and France have the highest rate with 2.01 each, the UK and Sweden follow closely in second and third with 1.92 and 1.91 births per woman.
Perhaps coincidentally, data from Eurostat found that the proportion of 18-29 year olds experiencing serious deprivation rose sharpest within those countries over the period 2007-2011, with the greatest increase being in Spain, rising by 20 percentage points.
READ MORE: Germany’s fertility rate hits 33-year high due to migrant influx
Spanish women also leave it latest among Europeans to start having children, only beginning motherhood, on average, when they are 32 years old, according to the Institute for Family Policy. The institute also believe that the negative effects of the economic crisis are key to why women leave it late to have a family.
The government also echoed these sentiments, with the education ministry saying that the crisis in birth rates “aggravates other economic imbalances and generates important impacts in the Welfare State.”
This is not the first time governments have gone to extreme lengths to promote baby making. In 2014 the Danish government ran a series of advertisements encouraging couples to procreate. The “Do It For Denmark” campaign had seemingly positive effects on the birth rate in the small Scandinavian nation.
READ MORE: Do it for Denmark! Low birthrate kicks campaign urging Danes to have more sex
Germany solved the problem by bringing a million horney males to Germany leaving the females back at the old Country …The prostitutes had a BONANZA ! TAXES paid by SEX WORKERS sky Rocketed Budgets got balanced surpluses over flowed !
The Government found its true calling they became …..PIMPS….
are not jobs at all ! they produce nothing that anyone is willing to pay for !….and Government employees dont pay TAXES either !
How can you tax someone that dont produce anything ? and besides where do they get the money from to pay the phoney taxes with .? Itsnt that given to them also .How is it paying taxes when you give them the money to pay the tax…Its all phoney they pretend they work and Government pretends to pay them ,they pretend they pay Taxes ! DUH ! Where is wealth created in that process ? ONLY private sector creates wealth and pays Taxes to the Public sector who pretend they are necessary ! You have to grow the Private sector and shrink the Public sector to get healthy again ! Its like having 15 kids to support ,your going to be poor until those kids grow up and get a job with real income provided they dont all have 15 more kids ….shrink the number of mouths to feed while a bigger % go to work ! !
It all comes from mis-allocation of capital…Why invest Capital in a declining cash Flow ? or a declining net Present value ? Thats why poor people shouldent be in charge …thats why they are POOR ! they mis allocate capital…….
A little pop. Probably sold too soon…
but buyers keep coming at them.
Concur
The action in the miners pretty much stinks.
I sold a little more. Everything pm should be doing better, especially with the weak dollar.
I’m sure in some of these cases where the government is de facto seizing the mine the mine owners must be tempted to just say “screw it” and blow the whole thing up!
It’ll be a Fun day in Court if a Latino Judge presided over this case and had to pronounce KYRGYZALTYN !
any good Trumpster will know what to do !. he will borrow Gold and sell it ! get the cash out of the country and leave the Bank with a mortgage on the Gold Mine as collateral to be paid in Gold. Then the Banks get their Gold …all they have to do is get it out of the Ground ! its in “deep storage” hehe hahaha checkmate !
aren’t rigged. What a waste of time
is right selling Gold & Silver Streams is selling your Future .! and if what you have left is going to keep you in business….maybe .
The price will need to be awfull high for that to work ! Risky business…for everybody ..the small guys that dont monetize their streams will become victims of the Predators unless they go Private ! Thats why McEwen keeps 27% of his shares himself …will it be enough to keep them at bay ? Big Private buyers will gobble them up like the Banks with their unlimited Paper credit ! one Great BIG Foreclosure is the end game ! The Banks own everything and its all worthless because nobody will work the Mine ! so it stays in the Ground where it should have stayed if it wasent profitable to mine in the first place ! because a mine is a wasting asset.
Management is trying to keep a pay check coming in until they either run out of Gold or the Price rises which ever comes first ….
the old adage the Market can stay down longer than you can stay solvent is at play !
