Posted by Samb
@ 11:35 on June 9, 2017
My take is that the bottom was late Dec 2015. This was corroborated by the higher low in late Dec 2016. However the failure to take out last years Int high of $1377 put $gold in a triangle, one that I think will eventually work in favor of a real $gold breakout.
However, now is now. I have been adamant that we still haven’t seen this $gold Int cycle low as yet. So, I have stayed in Jdst despite last Tuesday’s dramatics. Scary, yea….But, I still feel that Jdst rather then Jnug is the probable bet. Time will tell..just my 2 cents.
Posted by Buygold
@ 11:05 on June 9, 2017
Sure hope you’re right about it being just about over. It’s been a very long six years my friend.
Posted by ipso facto
@ 11:00 on June 9, 2017
PS
“Getting rid of the Fed”
Looking forward to it, maybe it’ll come in a few generations …
Posted by ipso facto
@ 10:59 on June 9, 2017
RE: “Zinke”
Cool! Maybe we’ll get some balance. I’m all for the environment but it needs to be balanced against humanity’s needs. How much land does the sage grouse need? How big are these mines footprints compared to the thousands of acres of “empty” land in Nevada? A few dollars in mitigation would boost those grouse numbers bigtime without shutting down all the exploration.
out for a bit
Posted by Captain Hook
@ 10:59 on June 9, 2017
It’s the derivatives…and the perpetual short squeeze they sponsor. Just about done now though – by fall at outside.
Cheers
Posted by ipso facto
@ 10:51 on June 9, 2017
Posted by Buygold
@ 10:50 on June 9, 2017
is an old seal team guy, I’ve had the pleasure of talking to him a few times. Glad he’s a warrior for Trump now.
Last time we talked I told him to work on getting rid of the Fed. 
Posted by ipso facto
@ 10:48 on June 9, 2017
Don’t give up! Look how it affected Roberto!
I think we’ll be looking good in 6 mos … but then I’ve thought that for a long time.
Posted by ipso facto
@ 10:46 on June 9, 2017
Trump goes after another of the Obama-era protection rules to favour miners
The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would make more land available to oil, gas and mining companies.
Announcing the measure, Interior Secretary Ryan Zinke said that while the federal government has a responsibility under the Endangered Species Act to protect the ground-dwelling bird, it also has “a responsibility to be a good neighbour and a good partner,” AP reported.
He added that revisiting the 2015 conservation plan was necessary because some state agencies and other stakeholders have said their input was not properly considered during the original process.
cont. http://www.mining.com/trump-goes-another-obama-era-protection-rules-favour-miners/
Posted by Buygold
@ 10:38 on June 9, 2017
Definitely not a good trend, I wonder if that’s why the SM and USD are soaring today?
I love ZH, I really do but they bring out one negative story after another and march out one bearish hedge fund guy every day yet the stock market keeps going up.
I give up.
Posted by ipso facto
@ 10:13 on June 9, 2017
Credit Card Defaults Surge Most Since Financial Crisis
In late April, after some disturbing monthly charge-off reports from major credit card vendors, we reported that according to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013.
http://www.zerohedge.com/news/2017-06-09/credit-card-defaults-surge-most-financial-crisis
Posted by Buygold
@ 9:28 on June 9, 2017
Posted by Buygold
@ 9:18 on June 9, 2017
I want some of what Rick is smokin’
He still thinks technical targets have meaning in the gold market. No way he can chart a $4 billion notional dump in a one minute time frame.
Rotsa Ruck Rick
Posted by Maddog
@ 9:16 on June 9, 2017
All break out’s getting negated by scum.
Tesla meanwhile up 1 % o/n……so far.
Posted by Richard640
@ 8:33 on June 9, 2017
GCQ17 – August Gold (Last:1281.00)
Posted Thursday, June 8, at 8:25 p.m. ET
Gold got sacked in the early going Thursday by the usual mysterious, evil forces, dropping $10 in mere minutes on the reported sale of 15,000 contracts. By day’s end, however, the Auggies had recouped enough ground to put a promising, bullish pattern in play (see inset). It has the potential to reach 1308.50 next week — and the sooner the better. More immediately, the push past the green line warrants a bullish trading bias, predicated on a minimum upside target of 1291.00 — the midpoint Hidden Pivot. An easy move through it would shorten the odds of a continuation to 1308.50 by generating a strong impulse leg on the intraday charts.
Posted by Maddog
@ 8:22 on June 9, 2017
No overall majority, as per exit polls prediction.
Tories have to combine with hardline (good) Ulster protestant party, to try and govern.
May as leader is shot, she called vote, she controlled message and made vote all about her…ergo she must go…. as nearly lost to outright commie lunatic and his even worse commie mates.
She may try and hang on…but best is she resigns, Tories elect proper Tory Leader…new election in autumn and Tories win proper majority….danger Corbyn wins…but we ain’t that mad, but we sure didn’t want May either.
Posted by Buygold
@ 8:12 on June 9, 2017
No doubt the result of a weaker pound.
The assault on $17.35 silver begins anew
Once again the pm sector goes from promising to disappointing
Posted by Maya
@ 4:32 on June 9, 2017
Posted by Maya
@ 4:23 on June 9, 2017
Posted by Maya
@ 3:57 on June 9, 2017
Posted by Ororeef
@ 1:34 on June 9, 2017
“The consolidation of the states into one vast empire, sure to be aggressive abroad and despotic at home, will be the certain precursor of ruin which has overwhelmed all that preceded it.” Robert E. Lee
https://fredoneverything.org/general-lee-speaks-had-it-figured-out/
It is important to note that regional differences were great. In 1964 in rural Virginia, the boys brought shotguns to school during deer season. Nobody shot anybody because it wasn’t in the culture. The culture was uniform, so no one was upset. It is when cultures are mixed, or one rules another, that antagonism comes. Such shotgun freedom would not have worked in New York City with its variegated and often mutually hostile ethnicities.
Regions differed importantly in degree of freedom, not just in the freedom of local populations to govern themselves but also in individual freedom. It made a large difference in the tenor of life. If in Texas, rural Virginia, or West Virginia you wanted to build an addition to your house, you did. You didn’t need licenses, permits, inspections, union-certified electricians. Speed limits? Largely ignored. Federal requirements for Coast Guard approved flotation devices on your canoe? What the hell kind of crazy idea was that?
Loading ...
