Will Dementia Joe be the Democrat's candidate for President?
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Loading ...The PMs market probably cleared out all Johnny come lately the weak hands, that piled into our sand box on the highs of 2016. Speculators always buy on highs and sell on lows.
They always buy in late, wait too long, to MAKE SURE its an uptrend, and also to make sure they lose money. They don’t know it, but they have a subconscious secret desire to lose. It starts at 3 years old.
Yr levels 1200 then 1180/60 are similar to others who have been around for ages and have a huge reputation.
I see Nem is no leader, it shud be if this was a major turn.
Cheers
Yes, Gold bottomed late Dec early Jan 2016. You could call the Jan 16 2016 and Dec 20 2016 lows a massive double bottom. Second low was higher than the first low.
MUX was up 325% in July, BUT it is right now STILL up approximately 160% since Jan 16 2016. AAPL only up about 50%, NFLX +38%, AMZN +50%, MSFT 30%, GOOG 30%, in that time.
@Samb 15:02,
It sounds like you and several analysts are saying the big correction that STARTED in late 2011 is still intact? And the rally that started in late 2015 early Jan 2016, a 16 MONTH bounce?
how much more pain can they inflict? Another 2,5,10 percent?
I think they have overdone the beat down already. I see a little bounce at least until this months OE.
Course, I could, and usually am, wrong when it comes to these wild PM markets. I seem to do better just trying to catch the short waves.
Palladium could be a long term rising wedge. My vote is lower for the PM complex. Crush the hell out of the bugs
You might be right for short term traders anyway to watch out. PMs so like Lilly paddlers, always have to watch what tbeir doing.
I agree, looking just at the Seasonal’s, this is not our best time of the year. I try to bear in mind that the overall markets are so over bought, and the fact Trump could do or say something unexpected at any time. Keeping a little ‘insurance’ in the account seems like a sensible idea.
I’m like eeos, hate to watch paint dry. Go Up, Go Down, there is an opportunity to make money either way, just don’t sit there. 🙂
now that Kentucky Derby, that horse took out of the gate and never looked back. Glad you are watching the paint dry today, somebody’s got to make sure there are no brush marks or streaks. 🙂
Thank you for that write-up on “McStain”.
I think he is a good example of why we need term limits for all elected officials.
Well, everyone is entitled to their opinion and so, I surely have one. Not $gold positive at all. Several analysts had discussed the probability of a dead cat bounce and imho, that’s all we are seeing in here. I have very short term indicators that have been calling for a bounce over the last 5 days. They have been correct. However, the weekly cycles indicate much more downside to go yet, so that all this recent upside will be evaporated very soon. Have you ever seen an Int. cycle low culminate in only 3 weeks? Me neither. At best look for a June low…at best. Support, for now, comes in @ the $1200/1180 zone in June. It’s Dust rather then Nugt at this time…Avoid the Bull trap.
I’m just waiting for someone to throw a large block of ice at me instead. like watching paint dry
Miners 4 Days in the Green. Better throw a bucket of ice water on Buygold, I think he passed out. 🙂
Sure would like to see something like the 15% Flat tax and do away with the IRS. If the govt can’t live off of 15%, then so be it.
Standard issue for each desk at the IRS
Maybe they’ve got a talking hammer which will inform me of the right terminology to use when I hit my thumb with the hammer? 🙂
What we need is a nice SM selloff to power up the mining shares.
They have Snap On Tools that talk to ya now?
Will leave those techie stocks for you younger men to figure out. LOL
Colombia’s congress has approved a law ratifying provisions of a peace agreement that permits the country’s largest leftist guerrilla group, FARC, to participate in politics.
The senate voted 52-2 on Wednesday in favour of the law that provides for the “political reintegration” of the Revolutionary Armed Forces of Colombia (FARC).
The group’s inclusion as a legal political party was a key point of the peace agreement signed in November between President Juan Manuel Santos and the FARC.
The new law guarantees the former guerrillas a minimum of five seats in the senate, and five in the lower house of congress, although the group must run in legislative elections next year to claim them.
cont. http://www.aljazeera.com/news/2017/05/colombia-law-farc-rebels-role-politics-170511064745893.html
I hear calls in Snapchat are pretty cheap. 
