Loading ...Rats scurrying everywhere. Wish I could post a song comparable. Lame but a Canuck special…
commish, I like it. However, Vinnie was the only one “fired” on. Comey should retire to Tahiti with Obama before he opens his yap.
On second thoughts, Tahiti is a direct muzzle blast to the Clinton’s…perhaps Sochi?
Farmboy @ 20:27
The way I see it Farmboy is that people are freeing up cash, liquidating assets and forced to close positions. It’s a negative feedback loop
commish @ 20:51 Ya Know Commish, It Should Have All Ended For The Clintons When Bill Said,
” I did not have sex with that woman!” And then a stained blue dress shows up. For me, it wasn’t about the ‘sex’, it was standing up and bold face lying to the American people. The Clintons, including Hillary, have been caught time after time in LIES. What is it going to take to show Americans that they have been had ?
Perhaps the new director of the FBI, will have the guts to open up the Clintonista Investigation, and provide the Truth. Whether America is ready to accept the truth, is a whole different matter.
Believing the Media Spin, or facing the Truth, history will probably show, Â our country’s destiny probably hinged on a blue dress. The rest of the world must think we are really Stupid.
Bitcoin is Going Mainstream, but Its Current Run-Up Has a Speculative Feel
Comment: My take is the article pretty much attempts to trash Bitcoin, but as they say, the proof is in the pudding. Maya is probably buying up half of Hawaii with his profits. 🙂
Fund Manager Asks, Is Gold Signaling the Next Financial Crisis?
“A similar manipulated take-down of the price of gold and silver occurred in the spring of 2008, ahead of the great financial crisis. Gold was pushed down to $750 from $1050 and silver was taken down from $20 to $8. This price decline was counter-intuitive to the collapsing financial condition of the U.S. financial system, which had become obvious to anyone not blinded by the official propaganda at the time. Of course, after the financial collapse occurred and was addressed with money printing, the price of gold ran up to an all-time high.
It’s likely that a similar situation is taking place right now…”
Comment: No, you don’t think the recent beat down is because….? Personally, I think, Â those in the ‘know’ see something coming. Stack em and rack em.
Hey samb
Appreciate your view, I think several weeks ago you had a downside slant and it ended up coming to fruition. Hard to believe this latest down cycle has only been three weeks.
Fer Pete’s sakes why does only three weeks feel like an eternity with pm’s? 🙂 Maybe because of the magnitude of the declines.
HUI 180-185 had better hold. In terms of gold, this could be a low, which also could be a higher low, but what the hell do I know? 🙂
Concur with Farmboy, hope all is well on the medical side for you!
Samb
Sri to hear about yr major medical bill, hope it all works out.
Brave call if yr short this lot, all I do is lighten up, or go flat, as getting back long is never easy and Russells rule that the PM Bull will take the least number with him, struck me as very true.
But yr calls have been very good. Tks.
Mr Copper
Heard something today on the radio when driving on a financial show about mutual funds. They always close buys and  sells at end of day. So if you want to sell you have to wait till the end of the day before it goes through. What was interesting he said that he owned some he bought in 07 but in 2009 even though he lost value in them,  those who sold in 08 he was hit with capital gains from those who sold at a profit during the crash because they bought them much earlier say 2003. Not sure what he was saying but didn’t make much sense to me because it sounds like he’s saying you get capital gains from what others by and sell. Maybe that’s where the term mutual funds comes in lol
Samb @ 16:44 Samb, It’s Always A Pleasure To Read Your Thoughts
Good luck with the medical issues. Hope everything works out ok.
In my own life’s experiences, it has always been the ‘crucible’ that forged something good. I hope the following two items lend to your coming ‘through’ the tough times.
http://www.chabad.org/library/article_cdo/aid/699180/jewish/Forged-in-the-Crucible-of-Life.htm
And, especially this one,
@ Ororeef 16:18 re The Situation.
Copy that. I agree with some parts. I don’t agree with the TV mantra that massive tax cuts are needed to create jobs. We need a much lower FOREX dollar value. The real problem is tax payers (and many businesses) are under paid (or less profit) because of foreign competition with USA using foreign labor instead of domestic labor.
Thanks to the global elite philanthropists that love to raise living standards in poor countries at our expense. Buffett and Gates admitted on TV, “they can’t do it alone”, without foreign aid etc etc. They succeeded. USA people need to avoid imported products. Nothing is too high or too low, unless its compared to something else.
The part about the Fed ability to create money? They are global. They use the USA as a HOPPER, or manifold, to get money OVERSEAS. Think about that. The money they create and of give to the US economy, ultimately goes overseas, one way or the other.
The part about foreclosures and banks taking property that was in the 1970s stealing farms etc. This time the borrowers stopped paying, some 5-7 years, and banks (welfare offices) don’t get the money back, they pay property taxes, and actually don’t want ownership in my area. They delay as long as possible.
The Trump thing is hard to explain. So far it sounds like they are using words, and are still trying to maintain the status quo. Deficit spending.
Good Grief ! Enough Headlines Here To Underpin PM’s For a Month
Comment: The Chinese curse, “May You Live In Interesting Times.” are upon us.
It’s gonna get funky.
The Corbett Report/ New World Next Week
Discusses the illegality of Bitcoin being made law in Florida, and Tracking the homeless in NYC. Best not pass it up.
Farmboy & Maddog
Thank you for the kind words and reception. I have been lurking but, reading everything out there for some time now. Just have felt like listening rather then talking.   Time will tell but, man have I ever placed my bets in here! Financial curve ball in major medical bills forced the issue.
eeos @ 16:26 Cant Wait To See The Cost Per Ounce Mined On That One,
course, if gold is over $50,000/oz, might be doable. 🙂
@Samb
Roger, that. To have a low hopium level is very understandable after the big dunkings we get.
This is prolly why the PM’s are going down permanently
Elon will beat um all to the punch and make it possible before anyone can imagine
Mr.Copper @ 15:41 on May 11, 2017 Cycles do not suggest further down side in Metals !
I would NOT be out of either Gold or Silver at any time this year ….A very important 10 year cycle in the Dow and S&PÂ is upon us in that the years ending in 7 are NOTORIOUS years for crashes…ie (1987) …The Ten year cycle is one of the most important .I expect a DOW top in August followed by all Hell breaking loose…
I expect the FED will make things worse by raising rates in JULY -August and trigger everything because Banksters have gotten the PUBLIC between a rock and a hard place . They have gotten all the DEBT in place they could and (thats how Banksters make money ..putting YOU in Debt ) when it gets to Maximum the next step is Default ..thats how the Banksters convert Paper debt into Hard Assets through Foreclosure … The big question is can Trump save the Economy ?
A massive TAX CUT is a MUST ! Save America first and the Rest of the world will follow . If the Democrats dont co-operate it will be 1933 all over again.
Gold will be the only way out and China & Russia are preparing for that event and the US will lose its status as Reserve currency and the ability to counterfeit money . (Print what they need) ……Not even the Democrats want that …unless they’re really Stupidly corrupt and that could be, judging from this years political performance .
Theres a lot at stake thats why Trump has brought in the best Jews he could find and with all their Financial knowledge to prevent a collapse ..if they FAIL THEY will pay a high Price …The Chinese and Russians have no love for them let alone the Muslims and the Sanctuary the US has given them will be at risk ! The Stakes are BIG…!
Congrats Goldbugs ! Everyone Should Have Made A Few Bucks Today
HUI/XAU UP, most of the miners UP.
Added both JNUG/JDST at the close to balance things out. Lets see what tomorrow brings. Up, or Down, I don’t really care, just pick a direction and GO! I don’t want eeos falling asleep on the last trading day of the week. 🙂
Mr. Copper @1541
No, No…I’m in the bull camp since the Dec 15 low. Beautiful higher low from  12/15 to 12/16. Then an Int high @ 1377 and this one failing for a lower high of 1295. So, we are in a triangle. This will resolve, I believe to the upside but, for just right now….my hopium level is low.
Newmont Up 100% Off Jan ’16 lows.
The mutual funds usually buy those slow moving big ship blue chips later on in up trends.