Last time silver crossed it had a pretty good move up
http://stockcharts.com/freecharts/perf.php?GLD%2C%20SLV%2C%20UUP
Last time silver crossed it had a pretty good move up
http://stockcharts.com/freecharts/perf.php?GLD%2C%20SLV%2C%20UUP
there sure seems to be a concerted effort to keep our ten year treasury below 2.5%
I would think those tax cuts and bringing those dollars home is going to be inflationary
GLD $123.70 and SLV $16.05
Been doing it all morning long.
Can see clear TA reasons to dump dollar, but don’t understand action if the Tax cuts will bring all that money home…..unless of course it sits in dollars already…..
Repatriation may also explain why Treasuries are so bid, tho the auctions are all shiite….end year window dressing of a monster long treasury trade is more likely.
At the Low of the Day. That’s one trend I hope continues, although I hope it only continues if it has a positive impact on gold.
Agreed action in Au is superb……but the shares really look like they don’t believe……then again a massive bargain sits there.
check the longterm rates, they had a few days of hardening recently and then miraculously spun right round and are now softening again, big time…just what the Rig requires !!!!!
Yeah, I’m an AG holder. I’m not so surprised AG is down again because it’s had a really bad year.
Seems GG and NEM were created for the sole purpose of keeping GDX in check.
I tell ya, it feels like the metals are so close to really busting higher, yet every time they get close, they get knocked back a bit.
If gold finishes higher, it will have been the 12th straight day. Maybe warning signs should be flashing, especially if it feels to me like they’ll breakout. 🙁
Talking of the Rig, in GG and Nem, check the Ag shares……..the mind games never end…u can never rest easy looking at the board, which is of course the whole point.
Delta Force Raids Obama Stronghold in Thailand
http://www.someonesbones.com/blog/delta-force-raids-obama-stronghold-in-thailand/
Hong Kong Ship Seized After Transferring Oil To North Korea
Just days after we showed satellite images which indicated that Chinese ships were trading oil with North Korean ships in a blatant violation of UN Security Council sanctions, South Korea said Friday that it was holding a Hong Kong flagged ship suspected of doing just that.
The Lighthouse Winmore is believed to have “secretly transferred” about 600 tons of refined petroleum products to the North Korean ship, the Sam Jong 2, in international waters in the East China Sea on Oct. 19, according to Bloomberg and the Associated Press.
https://www.zerohedge.com/news/2017-12-29/hong-kong-ship-seized-after-transferring-oil-north-korea
Regarding the satellite photos which show this happening China says: Don’t believe your lying eyes! I just made that up. 🙂
Erdoğan Wants to Revise the Treaty of Lausanne
Can’t all be tax loss selling as some of the shares like WPM and RGLD are up on the year.
The rigger’s fingerprints are all over GG and NEM
Makes me think they’ll be coming after the metals before this day ends
there it is. will it hold? silver hit $17 but pulled back a nickle. this looks like an interesting day.
Oil above $60, if silver can push a little higher above $17 we could have a trifecta to end the year.
Healthier fry-ups on table as scientific breakthrough cuts cancer risk from bacon
If it manages to stay above those levels into year end… we better watch out. Just my opinion.
Cheers and the best to everybody here
GL
The USD getting smacked around again today, but not being reflected in the metals.
Seems the rig has found its’ footing again this morning.
1300/17 would be nice
Happy New Year everyone on the last trading day of the year
Winedoc
Solid support for the ‘heavy’
http://railpictures.net/photo/638534/