Loading ...MM3 – Reason #19
Christensen is full of crap. Heard it a hundred times before.
Question
Can I put in a “STINK” bid MOC order ?
FWIW but not time to close your eyes.
Another opinion that you need to watch NOW! Events could happen as early as tomorrow, April 21st.
Maya
RE Koreans…tks…..that is what I’m hearing. Apparently they treated PoW’s in the Korean war, worse than the Japanese did…..not nice at all.
aufever @ 16:46
re your…”Is someone daring someone else to drive the price down at end-of-day?”
No, that’s not it. To me it sounds like a limit order is put in place, with the option to buy it at the close at any price if the limit order does not work during the day.
In other words, they tried to buy at a cheaper price, but during the day it did not get cheaper, so at 4:45 “screw it, I want it anyway at any price before the end of the day.”
The buy order could be for a long position wanting it cheaper, or a buy order to close out a short position at a cheaper price. To me it looks bullish. But with the fake news media, who really knows anything these days. 🙂
Mr.Copper @ 16:16 I Really Appreciate The Information
It’s hard to imagine that GDXJ may be spending a billion as they rebalance their portfolio and not leaving some tracks somewhere. I think you might have picked up on a signal that bears watching.
I noticed today that HL was positive with above normal number of shares traded.
Going fishing tomorrow, but will find some time over the weekend to do some homework on those stocks you have been listing.
Will let you know if I run across anything.
Best, Farmboy
The Media Tells Us Venezuela Is Bad Because Of New “leftist” Leader, But Maybe, The Leftist Leaders Are A Result, Not A Cause
Parts:
Confessions of an Economic Hit Man is a partly autobiographical book written by John Perkins published in 2004. It provides Perkins’ account of his career with engineering consulting firm Chas. T. Main in Boston. According to Perkins, his role at Main was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects that would primarily help the richest families and local elites, rather than the poor, while making sure that these projects were contracted to U.S. companies.
Later these loans would give the U.S. political influence and access to natural resources for U.S. companies.[1] He refers to this as an “economic hit man.” Although he states that throughout his career he has always worked for private companies, and suggests a system of corporatocracy and greed, rather than a single conspiracy, he claims the involvement of the National Security Agency (NSA), which he interviewed for a job before joining Main. According to the author, this interview effectively constituted an independent screening which led to his subsequent hiring as an economic hit man by Einar Greve,[2] a vice president of the firm (and alleged NSA liaison).
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
Einar Greve, the former vice president at Chas. T. Main who first offered Perkins a job there, at first affirmed the overall validity of the book, saying “basically his story is true… What John’s book says is, there was a conspiracy to put all these countries on the hook, and that happened. Whether or not it was some sinister plot or not is up to interpretation, but many of these countries are still over the barrel and have never been able to repay the loans.”[12][13] However, on being asked by another reporter about the book, Greve re-read the book and denied the validity of some of the claims, such as the claim that the NSA had any links to Main,
Mr.Copper
Can you explain or speculate what these market on close orders might mean, or what are the possible ramifications? Is someone daring someone else to drive the price down at end-of-day?
TIA
Market-On-Close Order or MOC
What is a ‘Market-On-Close Order – MOC’
A market-on-close order (MOC) is a non-limit market order that is executed as close to the end of the market day as possible. All MOC orders must be submitted by 3:45 p.m. ET on the NYSE and by 3:50 p.m. ET on the Nasdaq, as both of them close at 4 p.m. and neither exchange allows for the modification or cancellation of MOC orders after those times.
BREAKING DOWN ‘Market-On-Close Order – MOC’
Market on close (MOC) means that the investor wants to buy or sell a given financial instrument at the last price that is dealt in the market at the end of the trading day. MOC orders do not specify a target price; some analysts believe that this makes it too easy to take advantage of investors by giving a poor execution.
MOC Execution
An MOC order is a market order that will be executed at or just after the close. It is sometimes used as a limit order qualifier, which means that if a limit order isn’t executed during the trading day, that order will be automatically cancelled and replaced with an MOC order. This ensures that the desired transaction is executed, but it leaves the investor exposed to end of day price moves.
This type of order offer protection to investors by ensuring the purchase or sale of a stock that might move drastically overnight as the result of a scheduled after-hours earnings announcement or an anticipated news story. They also are useful to investors who may not be available to execute an essential transaction at the end of the day. The risk of using an MOC order, however, is that a cluster of orders in thin end-of-day trading can lead to a poor execution.
@Farmboy,
You’re welcome. I thought you wanted after market info.
Mr.Copper @ 15:58 Thanks !
Ps) Wonder what the options activity looks like on some of those ? Hmmmm
macroman3, See If You Can Pry Ipso From The Cushion Seats
on the other hand, maybe he’s gone fishing. 🙂
3rd day in a row, at 3:45 BUY ON CLOSE Orders, NYSE IMBALANCE ON THE BUY SIDE
Very strange. Never seen so many, and none have a sell at close.
CDE HL FSM ABX KGC AG GG AEM PVG SLW AGI
EXK MUX SA RIC BTG BVN FNV HMY OR AU
All Things ( Last Few Days) Considered, Not A Bad Day For PM’s
Expected the beatings to continue. Impressed with the fight in Gold and Silver today.
Still have to get past the dreaded OE on Wednesday, but if the pattern continues that happened in Jan, Feb, & Mar, it seems the worst of the beat downs were before the deadline.
Tread cautiously, and gather up some cash to go shopping next week.
No wait….better buy some today. That idiot in NKorea may decide to pick a fight over the weekend. I think he is more interested in saving face than saving his arse.
Just A Review: 17 Reasons Why You Should Own Gold
”
By Gary Christenson
- Gold has no counter-party risk in a 2008-style crash.
- The continual devaluation of the US dollar is inevitable.
- Gold will eventually return to its true historic role as money.
- The destruction of government balance sheets, continual devaluations, and the widespread implementation of zero interest rate policies probably will result in hyper-inflation.
- Central banks are nearing an inflection point where they no longer can supply the gold necessary to prevent rising gold prices.
- Gold has survived governments, leaders, parliaments, central bankers, economic stupidity, graft, corruption, and wars.
- Investment demand for gold is rapidly accelerating. The western world is in the early stage of a panic and “gold rush.”
- There is growing recognition that many paper gold products are not backed by physical gold.
- Mine supplies are not anticipated to rise for several years, if at all.
- Eastern Central Banks are accelerating their purchases of gold.
- Skepticism about official U.S. gold reserves is increasing.
- Large short positions in futures markets must be reversed or “cash settled.” (The paper suppression game cannot continue forever.)
- Gold prices are climbing from their December 2015 low in an established bull market.
- Up to $10 trillion (Doug Casey) in U.S. dollars may return to the U.S. and create dire inflationary consequences if global confidence in the dollar fades due to war, politics or economic policies.
- A derivatives disaster is likely. Counter-party risk will rise again!
- Long after most fiat paper and digital currencies have disappeared, gold will be used as money or backing for currencies.
- Gold will rise to $10,000, or far more, depending upon government and central bank devaluation policies. Expect $10,000 in years, not decades. Read: “Buy Gold Save Gold! The $10 K Logic.”
Maya, 14:11, moi? Jesus Christ, you were the one that buttered ipso’s toast this morning and poured his tea…
I toldya, look between the seat cushions.
Either that or he left his cardboard box out back of the Quickee Mart to go get some Doritos.
A blast from the past for my friends Maya and ipso
FYI Ticker SBGL
I have some. It pays 4.55% div while you sit on it. $2.2 bil/cap. Its about 17% down the past three days. Jan to Aug boom it was up 190%, right now still up 26% since Jan ’16, 55% off the Aug 16 top.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sbgl&insttype=&freq=2&show=&time=20
SOCIALISM IN AMERICA
venezuela seizes gm car plant, plant closes, 2700 jobs disappear.
http://money.cnn.com/2017/04/20/news/gm-venezuela-plant-seized/index.html
Maddog @ 14:20
I gotta agree with you about the Koreans. They are very rigid, and one of the most ‘brainwashable’ groups I have ever encountered. I dealt with their cultish religious groups for TV coverage of parades, and they were the most rigid automatons I have ever encountered.
Algo’s are King….of the Asylum. aka the SM.
Momo algo’s chaseing the SM Higher, after being goosed by the scum…..pure insanity, these mkts get worse by the day.
Tranny up over 1.6 %….Dow near 1 % higher…as if there wasn’t a worry anywhere…..The more I read, hear about the North Koreans, the worse they are.
They are as hard as nails and face is everything, they WILL not back down, the only way is to beat them down and that is not easy, so this stand off ain’t going to end any time soon, or at easily…it may well take outright war.
Only thing getting high is Bitcoin
$1,255 and climbing.
MM3 what have you done with Ipso??
And I see Captain Hook has come out of the past… Welcome back!
In 2001 You Could Have Bought All The Physical Silver You Wanted For under $5/ oz.
In 2008 you could have bought at $10/oz, in late 2015 it was under $15, right now its under $18.
In 2001 You Could Have Bought All The Physical Gold You Wanted For $250/ oz.
When buying shares, you are actually using extreme leverage, and should be using Vegas money for them. Leverage is usually to be avoided, but is being used when you buy mining shares. Just like futures contracts. Huge margin. Big moves on small investments. High risk, high return. Simple.