Loading ...You beat me to it.
Gold and silver stuffed at the 1 and 2% mark respectively.
We need Saudi Arabia to heat up a lot more. I’m surprised the USD is down a little – no flight to safety?
anyone who says the mkts ain’t rigged, is either a certifiable cretin, or a lieing scumbag…take yr choice.
My guess? The global central planners ran the Dollar straight up in June 2014 from 80 to 103. That there plus some other things, drove Oil down to $26 in 2016. In general or most of the time, the US Dollar Price changes the supply and or the demand
Low prices cause HIGH demand, (lets buy a Winnebago honey) and shutting down of production at the SAME time. Eventually, the distorted price, gives you a backlash, where the old supply and demand situation temporarily takes hold and rotates the trend.
Dollar higher since 2014:
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Oil down since 2014 high:
Are you saying you had 2000 calls @ $.19?
Wow, that’s a big bet. Good on ya!
Re your….”Probably a bad idea as this rally has the appearance of having legs”.
I had a similar experience. I sold TWMJF on 9/22 at $8.40 and now it’s $14.34. I should have known better.
The DOW is continuing to move higher though, as is the Nasdaq.
SM really not showing any signs of weakness although if something blows up in Saudi Arabia you’d sure think it would spook the markets.
Oil $46 to $57, with Dollar index 91 to 94.7. Think about that for a while. TPTB may have manipulated the Dollar higher, to put a headwind in front of, or to avoid $100 oil to “protect” US consumers?
If the global powers really need and want a stronger US manufacturing export economy, they have to push the dollar lower. The master planners are in a catch 22 situation. They can’t help all Americans at the same time. Higher dollar helps lower consumer costs, but hurts US exporters.
The market letter I get recently suggested if October is a strong Dow month, (which it was) then in general November is a down month. And by the looks of this $12 jump in Gold, and Dow usually going opposite Gold, the Dow might finally be dropping soon. And Gold/Silver might finally get back on track.
And just sold half of my SLV 17’s. Probably a bad idea as this rally has the appearance of having legs, but I gots my Gunslinger Rule that says anytime you have a trade up 47% book some earnings.
I know, kinda wussy of me. 🙂 The good news, especially if this rally runs, is that the remaining 1000 calls are paid for and scott free. ( Thank you banksters). And I have a whole lot of cash on the sidelines now if they want to beat the PM’s back a little.
Great trade Richard640 and thanks for sharing the idea of those SLV options. My trading account just hit an all time high because of your suggestion.
Edit Ps) That ‘Saudi Straw’ may turn into rail road tie if things keep going.
Gotta wonder what they know.
Cause we all know that the big money knows well ahead of time what’s coming…
FNV rockin &Rollin
here comes 1 % in Au ….how will the scum behave……so far as/script…..selling all bids.
Sure wouldnt want to be some bankster’s wife this evening. Ya just know banksters will go home and beat their wives tonight ! 🙂
That and a little coup going on out in the desert. Take our breaks when we gets em!
is quite erratic in Silver!
what we got going today but is Saudi Arabia–NOT THE CAUSE– but the STRAW that broke the camels back? There are only about a dozen solid reasons why gold should be at least $2200–reasons like the crypto-currency craze, debt, stock bubble, war in the M.E. and N. korea. etc
The technicals will confirm a bull move eventually but, by then, 35% to 50% of the move has been made.
I’m keeping my cajones crossed! [ouch!]
Did any-O-u boys pick up some jan 19th slv $16 calls on friday for 18 or 19 cent? Farmboy?
So since SEC Football IS a religon here in the South, I guess I wont mention the Dawg Vs Gator game.
Those SLV Jan 17 Calls are up 47% at the moment. Guess you and Buygold have earned a cigar and your Gunslinger patch. Congratulations ! 🙂
I think thats where the Queen gets caught with her off shore account …
The Paradise Papers are a collection of leaked documents which allegedly reveal how politicians, celebrities, tech companies and other millionaires use off-shore tax havens.
The leak compromises 13.4 million files measuring 1.4TB – the second largest-ever data leak after the Panama Papers.
About half of the documents (6.8 million) relate to offshore legal service provider Appleby and corporate services provider Estera – which was part of Appleby until last year.
Comment:
More evidence of major long term reversal of the past…The permissiveness, corruption, gov’t looking the other way, (lair loans, Madoff Ponzi scheme etc) Political correctness, liberalism etc.
Hey Farmboy. WTI has jumped over $56. Highest since July 2015.
The comments that followed the article were the most entertaining thing of the DAY ….heres some
A good start
sand niggers gonna sand-nig
Fat heads are rolling.
now remind me which side of the
saudi swamp
does Trump
hold orbs with?——
another way to put it is
which side of wahhabism and sharia is
going to Make America Great Again?
just wondering.
ps. don’t forget Trump’s love affair with Zionism…… : )
Yep. You’re right, a quick pop here and there that gets stifled pretty quickly.
I’m not sure the SM will ever correct again.
Oil is really starting to pick up steam now – up 2%
I sense more drama yet to come out of Saudi Arabia
and they’ve gone nowhere–reminds me of “Vesuvian tremors”….is there an eruption in the offing?
A sign that the stock mkt’s about to correct? The day is young-let’s see if we go home with smiles or frowns…
Go figure
purges are so entertaining