“wash out bottom?”
the beatings will continue until morale improves.
Alex Valdor @ 11:24
I’m grokking on that.
I think I owned shares in that un-named Nevada stock.
Ororeef
Orrr will it go to 22495 and complete a HS pattern maybe bounce then go to were Trump started at about 18000 until Trumps tax plan for businesses starts to really kick in which could take a year or more? Only the charts will tell sheesh. People are baffled on what started the selling. Looked like a drop then institutions played the don’t be the last man out.
So far this is not 2008-9 for gold-when we start seeing 2 or 3 days in a row with gold down $30-$60, I’ll change my call.
TINA–aka “where will all the money go if it leaves stocks”….there will soon be a “recognition time” for gold by investors–some will buy gold sending it to $5000…most of it–like in Japan in 1989–will JUST SIT in cash and low yield t-bill or other bonds at LOW interest…too traumatized to re-enter stocks…
Gold is a buy right now…Stockman skinning it right now on FOX Biz News. Fiscal calamity coming…says Dave.
I’m getting ready to buy JNUG gang,,,comex gold down ONE TENTH OF ONE PERCENT and JNUG down 12.5%
R640 – couldn’t resist …
Bought JNUG at $11.74
using my bloody stumps again .
I think it is very generous of the Fed to sell the American peoples Gold
in unlimited quantities, so anyone can buy cheap insurance against the Feds economic policies blowing up.
Re Manipulation? Look At Crashing Gasoline Diesel Prices. Manipulation? For Stimulation? Or Is A Massive 1929 Deflation Trying To Take Hold.
It’s obvious early in the wee hours of the morning, before the open, they or Goldman, easily “nudge” the thinly traded futures (commodity government) in the direction they want, hoping the herd will follow.
Lately the herd follows for a short time, and “wakes up” and Goldman can’t over power the opposite move. Futures were 300 up before the open, I see dow’n 300 now. TPTB use psychology methods all the time with everything, aka propaganda.
Energy charts: https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
The real Dreamers are these big global central bank idiots that are no longer qualified to manage the idiot system they created. Its too complicated now. Mechanically speaking, too much “accumulation of error” we call it. Its time to start over. The right way. But how do you change the transmission while the car is driving down the highway?
I follow 3 utilities yielding over 4.5 % ETR,D,DUK
and WPM yield 1.9 % not a bad place to sit and wait !
What we need
is more bad news out of the ETF/ETN world of blow up’s etc, which will happen, as this volatility must be killing them, then we want PM ETF buyers to get shiite scared and swap out into Physical….’cus there is damn all around.
Then watch the bastards sweat.
Plus a wipe out in Corellation Algo’s…the ones that are dumping PM shares here, just because the SM is falling.
At least the metals
seem to be strengthening a little as the SM weakens
The shares don’t strengthen no matter what happens
Alex-thanks! I agree…but right now gold is not a falling knife…were it down 25 or 30 that
would qualify it–now it’s a cork being gently pressed below the water line…
JNUG approaching its 12 month low of 12.04–anyone buying this mess? Nibbling?
Alex Valdor
What if the personal property of those involved was confiscated ?
The problem is bigger than just the PM’s, they are manipulating all relevant mkts, so there are no free mkts in PM’s, Currency, Rates and Stocks.
Everyone is affected who trades/invests.
Only two things will solve the problem, the Swamp is really drained, or the whole lot unravels, which will happen, if they don’t drain the swamp and find all the liabilities in the Feds bottom draw.
R640 – beware of falling knives
It is hard typing with bloody stumps , as I am doing LOL
IPSO – I know that I have been materially damaged by those who made PM mining stocks nearly worthless
Too often , the miners had to sell off their production from high grade assets to fund ongoing operations , leaving low grade dross in their wake . ( e.g. an ‘unnamed’ open pit operation in NV in which I still own over 50 000 virtually worthless shares )
Sometimes , there are even indications of alleged insider collusion by high ranking officers in the companies as a result of poor fiscal performance . ( e.g. ANV > Hycroft )
Here we go again=the stock mkt rolling over and JNUG approaching its 12 month low of 12:04
The $’s up a tad…I think JNUG may be a buy right now…but not sure if I’ll bite
2009 Redux
This just like 2009 for pm shares, I guess the HUI goes back to 100?
Looks like more bankruptcies and share dilution are in their future
The hit on gold isn’t as bad but it probably will be.