If we can only get White House to dump Pakistan and all these other country’s. Then use the money to get rid of our deficit.
ZH Reporting
That Pakistan dumps the USD in trade with China. Battle lines are being drawn.
If we could only get China to back the Yuan with gold.
Cancer industry must be dismayed
Stage-3 myeloma cancer completely ELIMINATED with a turmeric supplement – British Medical Journal
Maddog
weird close. Shares finished at the highs while the metals drifted off the highs.
I still think if any potential rally is real and on the way the shares have to lead and we need to start seeing big up moves in the HUI and GDX. 5-10% type daily moves.
treefrog @ 14:46
Sounds good. I’ll have to check it out.
Portugeezer
Watch out for pot stocks as long as Plantstion politician Sessons is still there and frankly wondering why because he’s a drag on Trump with draining the swamp as well as the will of the people,
He still wants to prosecute them.
http://thehill.com/homenews/administration/367384-sessions-will-end-policy-that-allowed-marijuana-to-prosper-report
Buygold
re shares…..ABX is their beat up choice tdy…..the mere fact they have to act screams potential…..well that’s the theory..
Personally I’d love to shortcut via a baseball bat!!!!!
Metals look more bullish
Shares still look weak, but seem once Gold busted $1320 some buyers came in. Same with silver $17.25
Bull markets are generally lead by the shares right?
Note to self: Wait to see what happens after the jobs report – do NOT chase…
ipso
re: svbl
it’s an interesting little silver company, but they also have an amazing amount of zinc. they drilled an orebody ten feet thick that’s 47% zinc. and that’s just the hi-grade portion of a much larger orebody. also copper, lead, and silver in the ore.
i bet you haven’t looked at zinc prices lately. who looks at zinc prices?
Options traders
I don’t trade them or know much about them but I don’t think I’d do any long terms option on them with gold. From what I seen they like to hang around Gdx and its counter part. I don’t think it influences too much the ETFs because they seem to only reflect the stocks in its portfolio for that day. ETFs are dangerous because of it. You can lose money and some like to reverse split.
But then so can some stocks. I held some but not in large numbers and Timmins did a reverse split and name change. Plus charged me a reorg fee. I saw the name change coming but didn’t move to get out so my fault. Goro was giving me monthly divis though. Haven’t checked for recent Divis. You can’t hold these stocks long and forgetsbout it. Can’t with any but especially PMs or ETFs.
Portugeezer @ 11:32
I thank you for that info. That would explain all the red today. A normal correction was over due for a while anyway. So that news sparked it. I suspect the Pot bull market will continue anyway. How can you put the tooth paste back into the tube?
Winedoc
Bring it on lol Someone on Fox mentioned George Washington and his troops battling freezing weather to fight a war without the comforts of today. You must be related to one of them.
I hope Ororeef hangs out in Texas though till it’s over. One airways already closed. A train track that changes routes was frozen and stuck. By sat sub zero temps expected.
Richard 10:01
I have, that gold was overbought by more than one as I mentioned.
The dollar still has room to move down since as far seems to be a inverse relationship. Also talking heads seem to associate gold as a safe haven and look at the Vix, the lowest of lows going lower lol and dragging gold down with it. If it ever moves up I’m guessing traders will be buying positions.
They may miss out in the inflation catylist but we have to make sure one, it’s not just smoke and mirrors to justify interest hikes, two its to try to prop the dollar back up.
Plus now we have the cryptos being used as safe havens that can be traded easier than gold because you can buy sell online with it. You can buy a Telsa with cryptospos.
Yet people holding PMs in physical form but don’t trust the stocks yet. Gold has been around for a long time , the cryptos not so much and has no tangible value by itself.
I don’t think gold will be noticed much until it breaks through higher levels which I think is good as far as being in before any frenzy.
treefrog
Just ran across this re: SVBL
http://www.theaureport.com/article/2018/01/02/a-silver-stock-rated-a-strong-buy.html
Re Pot Stocks
Finally crashing today if anyone was waiting to nibble in. I bought 4 of them, (TWMJF VAPE APHQF ACBFF) couple of months ago, held a short time, took a small profit, and then they ran away from me.
Why they are all red today?? Some news maybe? Or just s/t over bought?
Morning Maddog
they might as well hang a big sign on the shares that says “DON’T BUY”
They’ve got to be the only thing in these markets that aren’t up – even with the metals showing a little life.
Hi Buygold
Watching action in NEM, …….scum sitting on it, for sure…..but we have serious buying around, the scum are being kept v busy…..
R640
I actually saw a bubblehead on CNBS talk about gold when it broke through $1300, the spin from the floor was the move was probably overdone.
There is no way that pm’s will be encouraged as a viable investment option on any network or MSM publication – ever.
BTW, why in the hell is the DOW up 200 pts.?
This may be the biggest story of 2018
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market
https://www.zerohedge.com/news/2018-01-03/petro-yuan-looms-how-china-will-shake-oil-futures-market
svbl
a beacon of green in a sea of red. 🙂