Loading ...at one point today , my heavily weighted and volatile portfolios were up…wait for this … 0.01% … that is , up one stinking dollar for every $10 000 invested – or should I say speculated in a variety of PM related stocks , ETF’s etc.
One thing I have been noting , is that I often close the day with a gain . By morning , I am back in the red . Rinse , Repeat , day after day .
I have to admit , that overall , I am off my lows , but ‘WAY off my highs of 2016 .
Let Yellen speak. It’s not like the world doesn’t know they’re playing games with other people money never theres. Eventually their mismanagement will fall on the stability of dollar. In the mean time Im warning the young if they do indeed start raising interest rates not just prepare for alternatives like gold but things like CDs and not all in one basket or time zone toward the tipping point lock it in to offset the taxes it will create from all the debt interest they will accrue with no plans to pay it back. They will leave that burden to us.
My account closed flat too. Seems like despite the criminal fat finger this morning the shares held up pretty well.
Don’t want to see gold break that 1230-37 area Citigroup talked about this morning.
Yellen opens her yap tomorrow.
How long to recover?
Geez I don’t know, whatta friggin disaster! Seems like it’s to late to sell now, but maybe it goes to 0 I don’t know. Some of that money they’re raising is going to paying down debt. I guess they have some big payments coming due.
That’s another thing about Calif road rage and bad drivers cutting in front of you without maintaiing speed. You almost have to predict what drivers are gonna do. Years ago there were a lot of weirdos in LA too. Id drive to work from Orange Co to LA in 80 s and get followed by guys usually looked like illegals who I guess like refugees in Europe thought American girls were up for grabs. Id have to ditch them. It was like at least a couple times a week and had to make sure they didn’t follow you home too. Wound up changing jobs to a local one.
I feel your pain. What a way to wake up. Wonder how long till Red Eagle recovers?
I ran a metal trading desk in the City of London….before it all went totally bent.
Samb
Re in yr face…..No way is it to cover shorts, as they hardly ever bother and their total short by now is monstrous. Tdys hit ran stops in a quite mkt…but there has been near zero bounce back, so job done.
Read the “letters to the editor” all the time. You can see right there how many nut jobs are out there. In the 1950s everybody went to church for religion. These day??? Their religion is the stupid global warming,
The environment, the animals, the pesticides, the herbicides, gun control, don’t like neighbors high grass, or parking on the grass, nuclear power, they don’t like hunting, don’t like big gas guzzling SUVs, they want their street made a one way, they want more stop signs to slow the 30 mph traffic to 10 mph, they complain about EVERYTHING and never stop. And they are never satisfied.
When I was a kid the Doctor came to the house, we burned our kitchen garbage in a burn barrel. Burned the leaves in the street. Let your dog out loose all day. We rode our bicycles behind the DDT Truck, we liked the small, and riding thru the fog.
Everybody was happy until NEWSPAPERS and TV started “modernizing everyone” into complain and control your neighbor freaks. The new religious group.
both the biker and driver should have paid with their lives, both are a waste of oxygen. Biker might have been wronged, but obviously he didn’t stop after he caused accident. Criminal act. The car driver looks to be trying to take out biker too. Explain it to the cops losers
All I know is stocks bonds and real estate are all over priced. When the big slide starts, it will be the Perfect Storm. All three will do the Thelma and Louise thing off a cliff, and then FINALLY the USA can get back to normal.
re “he used to work for me”. What was your job at that time?
The thing that really bothers me is this is done “right in your face”. No attempt to wait for cover via some news event. Some say this is to run stops and hurt the longs. Others say this is done to help unwind their shorts.
WASHINGTON (AP) — The Supreme Court is letting the Trump administration enforce its 90-day ban on travelers from six mostly Muslim countries, overturning lower court orders that blocked it.
The action Monday is a victory for President Donald Trump in the biggest legal controversy of his young presidency.
Trump said last week that the ban would take effect 72 hours being cleared by courts.
The justices will hear arguments in the case in the fall.
“No-one has a clue, apart from the unfortunate individual that pressed the wrong button,” David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.
A Fat Finger trade implies an error, which has to be covered…there has been no covering, as prices have stayed down.
Simple scum stooge at work, giving out disinformation…how do I know…he used to work for me and was a total shiite.
That sounds like the villagers are fed up with immigrants taking advantage of their land. Unless of course the mine is owned by locals, which I doubt.
Villagers invade Acacia’s North Mara mine in Tanzania
A trade is a trade. I wonder who the discount buyers were. All the internet gold dealers? I just checked Texas Metals and their sell prices are low $1298 $55 over $1243, so they must have an automatic $55 commission no matter what the paper price is. Figure that one out.
Cool pic! 🙂
RED EAGLE MINING ANNOUNCES RIGHTS OFFERING
June 26, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) provides an operational update and announces an equity Rights Offering. Gold grades in the production headings have been in line with feasibility study estimates, averaging 5.5 grams per tonne gold during May 2017. However, challenging ground conditions have led to unacceptable dilution and gold losses using the current mining method. Consequently, to get the mine on a firm footing, management has deemed it prudent to halt stope production and move to a new mining method that will require the construction of a paste backfill plant. Once in place, there will be both better grade control and in particular gold losses will be minimized. This temporary suspension of mining high grade stopes ensures that gold production from these areas will be maximized.
While the paste backfill plant is constructed, production crews will be diverted to underground mine development. This will ensure greater operational flexibility once the paste backfill plant is in operation. In order to fund the paste backfill plant and to provide working capital before gold production resumes, Red Eagle Mining is undertaking a Rights Offering.
A Rights Offering was chosen to give the opportunity to all existing shareholders to participate. Major shareholders have informed Red Eagle Mining that they intend to fully exercise their Rights.
Rights Offering
Red Eagle Mining has filed a rights offering circular (the “Rights Offering Circular”) with the securities regulatory authorities in each of the provinces and territories of Canada in connection with an offering (the “Rights Offering”) of rights (“Rights”) to acquire units of Red Eagle Mining (a “Unit”) for gross proceeds of up to approximately C $46 million. Pursuant to the Rights Offering, each eligible registered holder of common shares of Red Eagle Mining (“Common Shares”) as at the close of business on July 5, 2017 (the “Record Date”) will receive one Right for each Common Share held. For each two Rights the holder will be entitled to subscribe for one Unit at a subscription price of C$0.35 per Unit. Each Unit will consist of:
•One Common Share of Red Eagle Mining; and
•One transferable common share purchase warrant (a “Warrant”) exercisable into one Common Share of Red Eagle Mining at a purchase price of C $0.50 per Common Share for a period of five years from the issue date. The Warrants will be listed for trading on the TSX subject to fulfilling the TSX minimum listing conditions.
“No-one has a clue, apart from the unfortunate individual that pressed the wrong button,” David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.
Rising use of computer-driven algorithmic trading has often been blamed for extraordinary movements in financial markets, known as flash crashes, in recent years.
Comment:
What’s going to happen next in this “new fangled” unstable man made artificial global economy? I saw a huge apartment building in UK up in flames because the OUTSIDE cladding was combustible?? I wonder how much money they “saved”. Now I hear they evacuated other similar buildings.
Even all the US Trade Center buildings were “new fangled” construction. Each one a big hollow shell of a building. Not built to 1910 codes. They wanted to save money and use less steel than normal. It worked, but there’s always a compromise when you “save money”. The entire buildings were only as strong as the “floor boards”.
“Every time you try to save you lose” Coined by me in 1966. 🙂
Over time TPTB with their media have succeeded to create a “cheep skate economy”, and numerous people with “issues”. Neurotics all over to say the least.
Down 1.1%. USD hit a little.
A normal market would bring short covering in pm’s. Doubtful.
Yields on the ten year down to 2.13%.
Definitely not a fat finger. No one could see this coming except for the crooks.
Once again no rhyme or reason. USD flat, oil and nat gas up. Pick your poison, there’s nothing to explain the dump.
Sooo….we start yet another week in the crapper.