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.
Buygold
Agreed action in Au is superb……but the shares really look like they don’t believe……then again a massive bargain sits there.
talking of the Rig
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 !!!!!
Morning Maddog
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. 🙁
Buygold
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.
FWIW
Delta Force Raids Obama Stronghold in Thailand
http://www.someonesbones.com/blog/delta-force-raids-obama-stronghold-in-thailand/
Somebody’s got some splainin to do …
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. 🙂
Erdogan wants to make trouble with the Greeks
Erdoğan Wants to Revise the Treaty of Lausanne
Shares still being sold
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
$1300 gold
there it is. will it hold? silver hit $17 but pulled back a nickle. this looks like an interesting day.
Spot Gold above $1300
Oil above $60, if silver can push a little higher above $17 we could have a trifecta to end the year.
Some good news for today :-)
Healthier fry-ups on table as scientific breakthrough cuts cancer risk from bacon
Silver shows incredible strength and is bravely working on the 16.90 area of resistance
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
Morning Winedoc
The USD getting smacked around again today, but not being reflected in the metals.
Seems the rig has found its’ footing again this morning.
Coffee Time
1300/17 would be nice
Happy New Year everyone on the last trading day of the year
Winedoc
Gold Train
Solid support for the ‘heavy’
http://railpictures.net/photo/638534/
Buygold
I’m right now but although there is room for momentum next year there are going to be forces working against us hanging over us creating” or trying to” a dark cloud like the Fed. So if it continues momentum it won’t be in a straight line. It could move down right now before next move. It’s the bigger picture I’m watching at the moment.
Mr.Copper………follow the money.
If you could find out who took gnbc’s clients and which bank it is it might be a better way to play the herb business because the first bank that goes out on a limb to do business with all that cash out there will have a monopoly for a while.
http://www.thecannabist.co/2017/12/27/florida-marijuana-banking/95374/
Goldie
Really hope you’re right. It’s been a long time coming if so.
Re Gold and Commodities
Relax, late 2015 and 2016 and now is like 2000 and 2001 all over again. Stocks and dollar were high, commodities were on extreme 20 year lows. Gold at $250/oz. This time the LOW was $1060 in late ’15. Gold went 17% APY for 12 years.
The Trump effect got everyone thinking the dollar was going higher, so it did for about 6 months. Now its lower again, for 6 months, even with three rate hikes.
These days real estate, stocks, bonds too high. Commodities too low. The herd will notice this, and rotate objectives. Besides that, all the other countries are well off enough, that the global influences can get back to rebuilding the US economy, (with lower dollar back to 80) of which they put on “hold” in June 2014.
Look at the 2014 dollar adjustment, put us on hold, and them on stimulate. Now its THEM on hold, (higher euro et al,) and us on stimulate.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Gold chart, shows 1st and 2nd up waves, and late ’15, shows the start of the 3rd and last major up-wave, $3-$5,000, and we sell out for good to the newer younger crowd, and they can ride it down for 25 years. 🙂
Buygold
Gold seems to be basing and so far futuristic bullish. Just might keep up into 2018. Isn’t gonna be in a straight line though.