Loading ...I may get some cut fingers, spike is slowing.
Some serious volatility going on right now. Wow
Maddog, R640
Call me crazy but I bought some NUGT – not at the lows but $28.08
We’ll see what happens but I’m liking the action right here, the USD just turned south and pm’s are spiking a little against a DOW that’s down 1500 pts?
Finally, maybe just maybe, pm’s will act like they should for a change.
Bonds put in Daily Reversal today….
but so far SM in too big a panic to care…meanwhile PM’s continue to be sat on….joke range in AU with sm falling apart…no way is that normal.
R640
I’m waiting for the close on NUGT. Just breached 185 and with the SM weakening further…
USD getting stronger. We’ll be lucky to print green on the metals today.
Think it’s fair to say the machines are in charge here
Algo created Vol must be obliterating any human Vol…..as Vix shorts puke up.
Meanwhile scum sit on PM’s to make sure no panic Arb can get up steam……joke mkts here.
Re The Economy After 2009, Like An Aircraft Taking Off Down The Runway
The 8 years during Obama, the aircraft did not pick up enough speed, and got past the point of no return. After they got Trump in, the new crowd had no choice, can’t abort the take off, and decided to THROTTLE UP as hard as possible. So NOW?? They need to avoid the trees at the end of the runway.
Regarding All The Liquidity The Fed Provided, It’s Turning Into Diarrhea
I think Gold is doing great when you consider we don’t get and never got and Fed or gov’t support. However, Stocks, Bonds, Real estate, and retail sales ALL get gov’t support. General market not looking good.
Re our gold mining stocks? I’m thinking they fit into the global multi national corporation sector. That sector does not fit well with populism (independence, closing borders) and reversal of globalization, (interdependence open borders commune)
Dow down 400 now on top of last week, in 6 trading days they lost the whole month’s gains. All those Index ETFs make it too easy to buy or sell millions of shares with a mouse click.
Hey, look at Bitcoin $8300 from $19,000. Didn’t I tell you guys before they created futures contracts, that doing that would cause shorting and lower prices. They did it Uranium too years ago.
R640
Yep. I’m still planning on NUGT @ 185 HUI.
I’m not real happy with the slow bleed on silver but I am pleased with the performance of gold considering the USD strength.
JNUG is hanging in there as the juniors are outperforming.
Small bounce in bonds pushing rates down seems to be helping too.
Let’s see how they close em’
Bitcon getting crushed…
Buygold-the HUI’s getting near 185…is your finger on the trigger still?
I wanna buy some JNUG-the recent 9 month low was 12.04then it went to $20+…my palms are sweaty…I’m hyper-ventilating…should I? Shouldn’t I…any 5 yr old can SEE the usual parties sitting on the PMs…maybe I’ll buy anyway…who am I gonna believe…my intuition or my lying eyes?
Should have gone to the wall … scum
Former sports doctor sentenced to 40 to 125 years in prison
On the bright side
The PM shares are mixed and only down a smidgeon … while the Dow is down 400 …
HUI / NUGT
If old HUI gets down to 185 I’m going to take a stab at some NUGT.
185 better friggin’ hold
Maddog
One side is indeed insane as well as their sycophants in the MSM and some in the US Gov’t. FOX news here actually plays it right for the most part.
As for the likes of Adam Schiff, Pelosi and the rest of the Dems, all they are doing is trying to cover up their crimes with the assistance of the MSM. I don’t think this will backfire on Trump. Sunlight is the best disinfectant. The Dems always accuse the Repubs of what they are doing themselves.
As for pm’s and the SM. If they are crashing it intentionally they sure aren’t doing a very good job…
scum fun
S&P goes unch, from minus 30 full pts plus and NEM is still down 0.5 % .
1 way correllation is back…PM stox fall with SM, but never rally with it.
I wouldn’t put a penny there
A third of S.Africa miners say no new investments in 2018 – survey
A third of South Africa’s largest mining companies are not considering any new investments in the sector in 2018 while one of them may even decide to pull out of the country, according to an industry survey published by the Chamber of Mines on Monday.
The mining sector in the world’s top platinum producer has in recent years been laid low by soaring wage and power costs, depressed prices, violent social and labour unrest as well as policy uncertainties.
Underscoring the tough environment, the industry has shed 70,000 jobs in the past five years, with around 465,000 currently employed.
The survey of 16 companies accounting for more than 80 percent of national mining output included all of the big players such as Anglo American and Sibanye-Stillwater .
“Some specific company responses were particularly sobering,” the chamber said in a presentation at the Africa mining conference in Cape Town.
“Five companies responded that they were not considering any potential new investments, with one company contemplating from divesting from South Africa entirely – a decision which will be taken in 2018, if the situation does not improve,” it said.
cont. http://www.mining.com/web/third-s-africa-miners-say-no-new-investments-2018-survey/
Morning Buygold
Early days I say….No idea what the SM may do, sure smells to me that lloyd and the Boys, aka the scum are tanking it deliberately.
We are in v strange times, I read in some places that the Memo will back fire on Trump, as it is fake…..one side is insane, but owns the MSM and hence the daily talking points, the good guys have ???……..Where is Sessions here, why the hell hasn’t he arrested anyone yet.
Dollar up, pm’s up?
One of them is lying. Hope it’s the USD
Lots of bruises in the crypto space
Bitcoin Tumbles Below $8,000 As China Launches New Crypto-Crackdown
After surging to $20,000 less than three weeks ago, Bitcoin tumbled below $8,000 again overnight following a report from Chinese media that China will block all websites related to cryptocurrency trading and initial coin offerings (ICOs) – including foreign platforms – in a bid to finally quash the market completely, according to Sina.
On February 4, 2018, according to the Financial Times newspaper run by the People’s Bank of China, a series of regulatory measures will be taken against ICO and virtual currency transactions at home and abroad, including banning the existence of relevant businesses and banning and disposing of domestic and foreign virtual currency exchange websites. -Sina (translated)
Morning R640
Yeah shares aren’t screaming higher, but at least not down yet
The PPT arrived about 20 minutes ago and has set the algo’s on attack mode to hit the VIX and goose the SM futures.
BTW – USD down against the Yen, I sure down understand that correlation with pm’s
Oh, but I remember almost everyone on ZH parroting how the central bankers were afraid to raise rates.
That was the narrative… “Ha ha! They’ll never raise rates!”
The level of naivety would be cute if it wasn’t directed at something so evil.
THE TWO PRIMARY REASONS FOR THE BUBBLE ARE 1. TO CREATE AN INCREASE SUPPLY OF TANGIBLE ASSETS TO BE STOLEN DURING THE EVENTUAL DEBT-MONEY BUBBLE BUST, AND 2. TO CREATE AND MANAGE THE DEBT-MONEY BUBBLE BUST IN ORDER TO STEAL A MAXIMAL AMOUNT OF TANGIBLE GOODS.
THE DEBT-MONEY BUBBLE BUST **IS A FEATURE OF THE SYSTEM, NOT A BUG!**
“This Act establishes the most gigantic trust on earth.…When the President signs this Act, the invisible government by the Money Power, proven to exist by the Money Trust Investigation, will be legalized.…The money power overawes the legislative and executive forces of the Nation and of the States. I have seen these forces exerted during the different stages of this bill.…”
~Congressman Charles A. Lindbergh, referring to the act which established the Federal Reserve. Congressional Record, Vol. 51, p. 1446. December 22, 1913.
“The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.”
~Congressman Charles A. Lindbergh, after the passage of the Federal Reserve act 1913.
“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
~Lord Acton
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
~Napoleon Bonaparte
“Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom.”
~William Pitt, (referring to the inauguration of the first National Bank in the United States under Alexander Hamilton).
How To Be a Crook
https://www.youtube.com/watch?v=2oHbwdNcHbc
Poverty – Debt Is Not a Choice
https://www.youtube.com/watch?v=t7BTTB4tiEU
Renaissance 2.0 The Rise of [Debt-Money Monopolist] Financial Empire
https://www.youtube.com/watch?v=96c2wXcNA7A