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Real Estate News Is Waiting For A Crash To Happen

Posted by Mr.Copper @ 14:45 on May 24, 2017  

In my zip code, small town 20K ? people, Zillow shows 122 listings for sale, and 252 in Pre-Foreclosure. PLUS 29 Foreclosed. That’s 281 in limbo

And ONLY, ONLY 8 are foreclosed and finally bank owned ready for sale. Many people have not paid mtg and taxes 4-5 years before they leave the premises.

BANKS are delaying stonewalling taking possession etc to avoid flooding the for sale market. The Banks are in the welfare business. Humanitarian agendas.

Queue the drip sellers

Posted by Buygold @ 14:36 on May 24, 2017  

cause here they come.

No way they let pm’s act bullish on Fed Minutes, besides OpEx is on it’s way.

Maya @ 14:07 Here Is My Secret To Hard Work

Posted by Farmboy @ 14:30 on May 24, 2017  

1.) Avoid it as long as possible. Save your aging body for the important things like fishing.

2. ) Practice the Tom Sawyer Work Ethic. Buy a case of beer and invite your friends over. Drink the beer while they ‘white wash’ the fence.

3. ) If you MUST actually have to do some work its all in the preparation. Make sure you have three times the maximum amunt you think you will need. Pain Killers, Ben Gay, 100 yds of ace bandages to wrap every joint, make advance appointments with the Chiropractor, and Massage Salon.

4.) And being a Hardened Goldbug,  this should come natural. Embrace The Pain.

🙂

 

 

 

 

 

Mexico Agrees to Pay ! hehe

Posted by Ororeef @ 14:24 on May 24, 2017  


@permabear1 /m43576

“And who is going to pay for that Jail!??!

MEXICO!!!”

– – – – – – – – – – –
They did offer to pay for an impeachment (maybe.)

. . .

Thanks & Welcome

Posted by Maya @ 14:22 on May 24, 2017  

Thanks to Wxman for yet MORE bitcoin charts to scare me,

…and a hearty Welcome to Captain Hook!  Nice to see another old veteran around here.

Portugeezer.. Thanks, Rich.  I just got lucky at the right time and place.  And I’ve already ‘sold out’ on the first rise, to the tune of eight ounces.  Now the ‘leftover change’ is worth more.  Never had a ‘free ride’ like this before, and if it goes to zero tomorrow I will still have my eight ounces.  So what you think is ‘guts’ is really ‘careless abandon’!   In the immortal words of Buzz Lightyear,   “To Infinity… and beyond!”    🙂

The Fed Creature Has Spoken

Posted by Farmboy @ 14:20 on May 24, 2017  

http://www.cnbc.com/2017/05/24/fed-sets-process-to-unravel-4-point-5-trillion-balance-sheet.html

Question: anybody hear something announced on the news??

Posted by Mr.Copper @ 14:16 on May 24, 2017  

I see sudden intra day movements in the miners.

Farmboy @ 9:20

Posted by Maya @ 14:07 on May 24, 2017  

Yeah, this ‘golden years’ thing is a myth.  Now that I’m working for myself I find I just traded one boss for another.  I keep finding more and more ‘to do’.  This new boss is the worst yet!

I’m finding that my Lumberjack muscles have atrophied.  🙁

HUH?

Posted by Buygold @ 14:06 on May 24, 2017  

Looks like whatever the Fed Minutes said it wasn’t exactly USD friendly so maybe we won’t get crushed after all.

Kneejerk reaction appears to be pm bullish – go figure.

Richard

Posted by goldielocks @ 13:46 on May 24, 2017  

imageI make my own crosses that can change. Golden crosses can be confusing in a proped up market including negative divergence you can see in RSI and MACD but has had them and went against them before. Here’s one on directional only not PO. Notice too how BBs constrict prior to a move either up or down and crosses can give you a heads up if it changes.

R640

Posted by Buygold @ 13:37 on May 24, 2017  

No. I don’t follow the Golden Cross and most bullish indicators fail with pm’s anyway.

I do however follow my new guru “The Farmboy”! 🙂

frog-pad

Anybody follow the golden cross anymore?

Posted by Richard640 @ 12:59 on May 24, 2017  

Golden Cross – Past Performance

Another Useless Golden Cross Signal

By: Przemyslaw Radomski | Tue, May 23, 2017
Once again gold moved higher for some time, which once again made the short-term moving averages (including the 50-day moving average) rise faster than the long-term ones (including the 200-day moving average), which in turn generated the “all-important” golden cross and it is once again heavily commented by financial journalists and reported as something bullish

Before 2009, 3 out of 4 signals were good buying opportunities (the 2009 one was seen at a local top), but does this make a signal useful in a long-term bull market? Picking any 4 dates randomly between 2003 and 2009 gives us a good chance that at least 3 of them will be good or rather good buying opportunities. Consequently, there was nothing special about this particular technique until 2009.

After 2009, golden crosses have been seen at or close to local tops – in particular, the 2012 top is clearly seen along with a supposed “buy” signal from the golden cross. In 2014 the gold market formed a golden cross a few times, but the rallies were not sustained. This means that the golden cross is not a reliable bullish indicator and viewing it as such does not seem like a profitable thing to do.
Is the current golden cross in gold useless as the title of this article seems to imply? Time will tell, but what’s useless right now is being excited about or putting a lot of weight to the signal that didn’t work for almost a decade and there were 4 cases when it was seen close to local tops.
There are multiple factors that are important for the gold price right now, including but not limited to, the USD Index, the Japanese yen, the popular indicators (RSI, Stochastic), the less popular indicators and ratios (for instance gold to bonds and Dow to gold ratios), relative performance of gold vs. the USD Index, silver vs. gold, miners vs. gold, True Seasonal patterns. However, the golden cross is not one of them – it’s a development that may be useful in other markets, but the history shows that this patterns reliability on the gold market is limited to say the least. If anything was to be expected based on the golden cross in gold, it would be a looming local top as that’s what we’ve seen in the past several years.
For more details on the golden cross (and a big chart illustrating the above analysis) please visit our golden cross in gold definition.

DEFENCE STOCKS vS GOLD Guess what the bets are on?

Posted by Ororeef @ 12:22 on May 24, 2017  

capture

Farmboy

Posted by ipso facto @ 12:13 on May 24, 2017  

I’d watch the “Bernie Show.” Sure to be lots of laughs … and groans! 🙂

bbl

ipso facto @ 12:03 You Have To Admit, The Dems Are Much More Entertaining,

Posted by Farmboy @ 12:09 on May 24, 2017  

don’t discount their comic relief on many days. Bernie should have a Late Night show all to his own. 🙂

First Majestic Announce illegal Blockade at La Encantada

Posted by ipso facto @ 12:07 on May 24, 2017  

TORONTO and NEW YORK, May 24, 2017 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) announces that a rogue group of union workers have halted activities and blocked the accesses at the La Encantada Silver Mine in the state of Coahuila, Mexico. The illegal blockade arose after some of the unionized individuals did not agree with the bonus that the company and the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), agreed to offer the miners in lieu of profit sharing.

Despite an agreement with the National Union, this rogue group of workers unilaterally decided to form a blockade, which has disrupted operations for all of the mine’s employees. It is currently not known how long the blockade will continue, however, First Majestic is working with the leadership of the National Union in order to resume operations and have the workers return to work.

“It is very unfortunate that this group of individuals have chosen to react in this manner instead of through dialogue and the proper channels through its union leadership,” said Dustin VanDoorselaere, COO. “We have been working very diligently with the leadership of the National Union to provide a fair solution for all union employees.”

Keith Neumeyer, President & CEO commented, “This is a minor setback in our plans for renewed investment at La Encantada focusing on underground development and brownfields exploration, which will over time result in increased throughput rates and higher head grades. As part of our 2017 capital expenditure program, La Encantada is receiving the highest level of investment of our six mines, including improvements to the camp facilities and the investment in the new roasting project.”

The company has always had a positive relationship with the National Union and continues to work to find a resolution to the conflict. Unfortunately, the conditions in Mexico are difficult with low metal prices and higher taxes and fuel costs. Unfortunately, this type of work disruption is increasingly occurring in many other mining operations throughout the country of Mexico.

Buygold

Posted by ipso facto @ 12:03 on May 24, 2017  

Hmmm maybe we should applaud the Demos for re-electing their true Nutball candidates … 😉

Hey Ipso

Posted by Buygold @ 11:44 on May 24, 2017  

I know! That was a very scary pick for someone claiming to want to drain the swamp.

Let me know how Maxine shakes out. You never know what you get with her.

These Dems don’t do themselves much of a favor by sending out people like Maxine, Pelosi and Schumer to speak on their behalf. Bunch of nutballs. 🙂

Buygold @ 11:34

Posted by ipso facto @ 11:39 on May 24, 2017  

Quite a puzzlement that he was even considered!

Warning Warning Senility Alert

Posted by ipso facto @ 11:38 on May 24, 2017  

Maxine Waters coming up on bubblevision.

A little piece of good news on the Trump front.

Posted by Buygold @ 11:34 on May 24, 2017  

Joe Lieberman “No Longer Being Considered” For FBI Director: Report

Just days after it was reported that the frontrunner to replace James Comey as head of the FBI was career democrat Joe Lieberman, it now appears that Trump has gotten cold feet about installing a career democrat as head of the agency and according to CNN the team tasked by Trump with finding a new director for the FBI “is resetting its search” with Reuters reporting that according to CNN, Joe Lieberman is “no longer being considered for FBI director.

Hey Captain Hook

Posted by Buygold @ 11:29 on May 24, 2017  

Welcome! Glad to see you posting!

Can’t say I disagree one iota, because everything I’ve thought since I first began reading your posts years ago has been wrong.

Again, welcome and please keep sharing your insights!

@Captain Hook?

Posted by Mr.Copper @ 11:23 on May 24, 2017  

Are you the captain hook from the old Gold Eagle? Re AU AG maybe after a Fed Announcement things will perk up. I think they are meeting this week. And wait until 2:00 PM, Wed or Thurs.

Mr buygold

Posted by Captain Hook @ 11:15 on May 24, 2017  

Actually the beatings will continue until morale fades, like with bitcoin. People hate and don’t trust it, yet it keeps rising due to this and fixed supply. Permabullish precious metal derivative players create tons of artifical supply, which is largely why the underlying can’t catch a bid.

Thankfully we may be close to a turn in this regard.

Cheers

FYI On My Watch List

Posted by Mr.Copper @ 10:53 on May 24, 2017  

RYI and KTOS defense related, I see insider buying, plus TPTB are promoting increased defense  spending.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.