Loading ...I can hear the siren call now:
“c’mon in, the water is fine”
Then BAAMM
Ipso
I guess anything can happen, just not great odds.
Ya know, in the 30+ years I’ve been watching markets I never knew rising rates were good for the SM.
I guess an old dog can learn new tricks. 🙂
Buygold
“Looks like the old playbook today, let pm’s be stable until the Fed announcement and then trash them.”
Maybe it’ll be a “sell the news” type deal and gold will go up …. hey it could happen!
Stunning! and BTW shut the Gov’t down on Dec. 22nd
Chuck Schumer wants GOP to delay tax vote until Doug Jones is seated
Ipso
Yeah, peace would be a good thing, a lot of risk in that region especially for South Korea not to mention it would be unwinnable for the US.
I’d much rather see the whole system collapse without a war.
Looks like the old playbook today, let pm’s be stable until the Fed announcement and then trash them.
Perhaps the world truly has changed; perhaps we are behind the times; perhaps gold is not what it used to be… perhaps.” … Dennis Gartman
SILVER-!!!!!!!!!!! Â FROM Murph last nite:
James Mc with an encore…
Funny thing. Silver is currently at $15.68, the RSI is at 26, the MACD is at -0.127, and the OI is at 203K as of yesterday. The last time silver was this deeply oversold was back on July 10th.
On July 10 silver closed at $15.68, the RSI was at 26, the MACD was at -0.127, and the OI was at 207,952. Will today’s sell pressure add another 4k OI to silver, making its OI also identical to 7/10?
Those are pretty huge coincidences. FYI July 10 was the absolute bottom, and from there silver rallied all the way back to $18.37 in fairly short order.
Maybe this time it will be BIG time different in terms of rally strength?
***********************************************
Silver is as bizarro as I have ever seen. If the COT is to be believed the spec shorts are POURING in on the short side down here below $16. This is of course would normally be considered wildly bullish. Silver OI is now back approaching record highs- 200K+ – with silver at $15.70! WTF??? A billion ounce short position with the technicals as deeply oversold as they’ve been in a long time. Who could possibly be THAT dumb? I’m back to I’d rather stick my hand down inside a bee hive than short silver at these levels. Yet here we are, another +4K OI just yesterday alone. For the life of me I can’t figure out the HUGE interest in a commodity that has done nothing but stink up the joint for 6+ years, unless, unless, …… it’s all about to blow up. There’s no other explanation that fits the bill IMO.
It’s not hard to imagine silver trading one day very similar to Bitcoin. If those 200K (mostly naked?) silver shorts ever experience force majeure on a billion ounces of silver it would be Bitcoin X 5. Funny how Bitcoin has went to such effort to visually imply a gold standard. The image of a Bitcoin looks very Gold-Eagle-ish, and they even use the term “mining”, and other words reminiscent of talking about the REAL STUFF. Maybe the real stuff is getting ready to outshine the computer- generated image, and its computer-generated creation.
***
New Poll New Poll
Vote! Vote!
Poll Results … Lots of silver bulls here.
If I had $10k of new money to invest for one year I would invest in …
Physical silver (43%, 22 Votes)
Silver stocks (16%, 8 Votes)
Physical gold (14%, 7 Votes)
Gold stocks (14%, 7 Votes)
Bitcoin or other cryptocurrencies (12%, 6 Votes)
The SM (2%, 1 Votes)
Total Voters: 51
Buygold @ 20:39
I like it. Talking is good. Anything that reduces the chances for war … I’m for it.
May not be the most prudent move … :-)
People Mortgaging Their Homes To Buy Bitcoin, Report Says
http://dfw.cbslocal.com/2017/12/12/bitcoin-price-mortgage-homes-investment/
Maddog
You may be right about NoKo, I’m not sure what if anything will happen. I just know they need to keep us in fear of something 24/7
Another day, the swamp strengthens, pm’s open down, sm will open up and Yellen will give us a Christmas rate hike today.
Buygold
Re Tillerson
From what I hear about how stubborn the Koreans are and their attitude to ‘face’, he may just be setting the table, in that we tried everything, couldn’t have been more reasonable…hell, let’s hope it will work….but remember they never surrendered….they invented stubborn etc.
Richard 10:01
Money hunters and ” the club” is one of the main reasons Bitcoin came about. After the crash of 08 people seeing their money disappear always in the hands of another be stocks and their mm’s or banks people wanted another way, out of their reach. The club always rigs things in their favor at the expense of everyone else or the real ” earned” money. It’s all a game how to rip real money off. Then what happens after the crash? Money hunting on steroids. Going after any safe havens everywhere. No longer was Swiss bank accounts a safe haven. Further they started to restrict money flow globally except for part of the club, the multinationals. With Bitcoin you can move with your money without someone threatening to take it from you or rummaging through your bags. If your in the boon docks without a bank Bitcoin can be your bank. This can help people in third world country’s and also be a safe haven from federalizations of foreign money in banks or their currency inflated or worse disappearing. They can trade it for other currencies as well without having to trade their own that’s failing.
For that reason cyrptocurrency will be around for a long time.
The only way any banks can compete and then not compete is make their own totally because Gov can hack your bank if they say well your house is worth more so you have to pay more taxes so we’ll just take it out without asking.
The only way at they can try to compete is loosen those global regulations and have a global bank account where people can go and move money anywhere void of fractional banking or manipulation of its value. They won’t do that though so they can never compete. Also they can be hacked easier. They will continue to chase it because they haven’t learned and never will. No honor amongst thieves.