Loading ...So hell with writers and shite talking experts. Nothing makes sense b/c the matrix knows no other master. Keep stacking and see what fall brings. Can’t last forever, but they might end up killing off most of the bulls. Its a brave new world but the old guard is cemented in. Just look at US politics….its a bunch of old dinasour criminals. Either no one my age wants the job or the elite have blockaded themselves in DC and are barring the door
Gold Flash Crashes As “Someone” Dumps $2 Billion, “Fat Finger” Blamed
Fat Finger my arse….scum at work.
18 K contracts or $ 2 billion in value…dumped in 1 minute !!!!!!
http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-billion-fat-finger-blamed
Net result, we are trading $ 14 plus down from Fridays close, on no news at all.
Frank Barbera=That puts the mining stocks currently in the 98th and almost the 99th percentile of oversold daily values.
While it is never easy to accurately forecast in real time when the mining stocks are near an important turning point, at the present time, there are some very loud bells ringing that suggest yet another important bottom—possibly a major low—could be close at hand.
Above: Short Term Ratio of Total Up to Down Volume for Gold Stocks
In the chart above, I show a picture of the GDX ETF in the upper clip and my Short Term Up to Down Volume gauge in the lower clip. One of the wonderful features of an ETF like GDX is the ease of entry and exit, where the ETF virtually trades like water every day, averaging about 58 million shares turnover on a 90-day basis, down from a peak last June of around 89.3 million shares per day. For the Up to Down Volume gauge, the typical overbought and oversold parameters are overbought readings above 2.00 and oversold values below 0.50. Over the last five days, we have seen readings of 0.26 on Tuesday, June 20, 0.299 on Monday, June 19, 0.327 on Friday, June 16, 0.397 on Thursday, June 15 and 0.505 on Wednesday, June 14. In the 10,198 trading days seen since early 1977 (a period a little over 40 years for which data on this indicator exists) there have been only 136 trading days which have a value of 0.26 or lower. That puts the mining stocks currently in the 98th and almost the 99th percentile of oversold daily values.
http://www.financialsense.com/frank-barbera/gold-mining-stocks-back-up-truck
Got this off ZH comments section
What we are witnessing is the demise of the British Pound as Theresa May can make a government and TPTB don’t want Corbyn’s Labour – and this adding Italy or the ECB bailing out (again) 2 already balied out Italian Banks to the tune of about E18Billion – which the Italians will pay for a long with a bunch of mindless europeans.
So the Euro is also on the line.
Now the EU has called for a conversion of the Brusssels EY Bureaucracy into a Military Union (Junkers) of Suepermen and off-the planet Special Forces to be Independent of NATO and the USA – Huh?
John Kerrry has told somebody important (so I hear so I don’t know if it is true) that ISIS that is the US Mercs in Sysria manning Idlib will be maybe today annihilated by Syrian Forces. The USA is afraid to take a plane off to fly over Sysria as they have been told.
You are right if you question this. Huh?
Now a flash crash of 300 T of Gold Paper to smooth things out for the day as the Democrats feed on themselves and the Republican prepare themselved for Hell along with Brennan and Clapper – and a few more.
Should be an interesting day all round.
Don’t worry about Gold. As the government / banker Con becomes visisble by all and sundry, as it already is, Gold will steadily regain its rightly position as King. And all will agther around the Madame Guillotine to watch the heads roll into the baskets.
I heard Marc Faber suggesting that equitieis could crash 40% soon. He didn’t say when, but I suspect soon.
Japan’s 10y Bond Market is frozen for a week or more and all sorts of investments are going to Russia.
Oh Yes,
The UN has voted unananamously against the UK / Us in the matter of the Chagos Islands ( Holy Hell – that’s Diego Garcia the secret US base off the Horn of Africa.)
Ya gotta Laugh.
Ho hum
dude, don’t be trying to “make money” with AU right now..in a year, perhaps, but anyone who risks capital on gold at the minute needs to be able to lose without asking for “a shotgun”
Remember: you may get out less than you put in. No such thing as an “upward trend” when CBs are involved
9.01 Am London time scum execute $ 12 Gold smash in 1 minute, in quite summer mkt…because…….they can.
R640 Hindenbergs are banished by order of the scum…..because they can.
Portugeezer
Just like gold. If I were there Id not only have gold but US dollars. As Europe falls apart with far left socialism the great destroyer of money and replaces it with tax and gov power quests for now Id be buying US dollars too as money runs to other currencies. With the Fed here bent on playing games and raising interest rates it’s almost a given. Maybe there should be a executive order or better a law that the Gov cant borrow less they have a clear cut plan or collateral to pay it back that doesn’t affect us. Yep and that car will cost even more if you had to take a loan with a higher interest rate than you can get parking your money in a bank to buy it.
Mr Copper
I don’t think its imports in itself the problem. After WW11 buy American they discovered that .. They could not sell to Europe for instance without trade because thus they couldn’t AFFORD to buy it. It works two ways. We’d have to become a closed nation. It’s because of taxes and regs nafta et all that drove the US manufacturer jobs out and uneven trade costa that caused the problem. We have to pay MORE for our exports in foreign ports than they say China does here. The Hwy coming from Mexico they were gonna build going through US to Canada but thanks to Texas was shut down would of made it worse. Thus their cheaper products wind up on our shelves out price competing American products. Plus China copies everything and wheres the regulators protecting US instead of harrasing us? Their not. We make US flags they copy and wind up on our shelves. Why aren’t they denied? Even military things made elsewhere. War is no longer a economic boost ” for us anyways” but a endless burden and Trump pointed some of it out. As a GB your probably aware China was even making fake coins. It’s almost funny. Theyve been studying us for years. Globally Who sells what to whom and for how much then the copies come.
As far as American cars were the cars as well as its parts indeed made in America. As far as cars people like diversity as far as needs, the truck for this the car for that and men like toys. If trade were even it would not be a big deal. But it isn’t and our jobs for our products are being outsourced and now insourced. The Gov let this get out of control. I’m sure kick backs to these unscruplous were involved. It’s like Dad worked his ass off those yeaes to make a business and dies. Here comes the spoiled kids with they keys and parties it away. What we’re dealing with now.
There are some ‘perceptions’ about gold in europe as a safe haven that have to be controlled with a couple bank failures occuring in the PIGS last week … you guys are so selfish thinking they are just trying to manipulate our perception in the US