Has NASA landed men on the moon and brought them home?
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Loading ...Rubicon Minerals Announces its 2017 Financial Results and Continues Test Mining Activities at the Phoenix Gold Project
Mar 4, 2010 – March 15 will live in infamy beyond the murder of Julius Caesar. … Conspirators led by Marcus Junius Brutus stab dictator-for-life Julius Caesar to death before the Roman senate. .
Monster bull flag in Gold…..but if the action is typical, we run to 1390 or so, then crap out, as all break outs must fail. etc.
They forget that [as I have said before]–peak earnings–peak employment–peak consumer confidence come at market tops—–Bull markets are born in despair and die in euphoria..
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Ya don’t see gaggles of drooling bargain hunters at DOW 6500–like it was in 2000 and 2008.
Several weeks ago here I posted to beware of March 22. The reason is this is 55 days from the peak of the market. Many crashes manifest 55 days after the peak.
What will this do for Gold? I dunno. It’s still a controlled market in PMs. Will they lose control? Maybe… if the crash is bad enough. Seatbelts and crash helmets installed?
Silver has been within 1 cent of $16.40 the entire time the Dow has been selling off 715 points. It’s a LOCKDOWN. There’s NO way that the same things influencing this equity rout wouldn’t also be causing enormous volatility in the PM’s. Unreal.
As I have pointed out for many years the 1:30 pm Comex close is the basis for what the majority of MSM refer to when showing daily price changes. By that measure today’s high tick for April gold at $1335.00 was just 2 ticks above +1%. The majority of that rally occurred yesterday, after its 1:30 pm close. While today “technically” shows a gold gain it is in reality strictly a no follow through day. Talk as they may but the “stiff resistance” was, once again, nothing more than preprogrammed algos set to quell rallies at +1%. There weren’t any technicals in the same zip code as my circled number, yet nobody ever questions this running multi-decade “anomaly”.
I think I proved beyond a doubt the useless nature of technicals in a rigged market when I recently finished near the top of the CME’s gold trading contest. For 113 trading hours I paid NO attention to anything other than heeding cartel rules. Had the contest been gold only, instead of including copper, palladium, and platinum I very well may have won. A few palladium guys caught a lucky break when Theresa May expelled those 23 Russian diplomats from the U.K.. I don’t think gold has seen that kind of volatility in a single day since 2011. Had the contest still been running today I would be strictly obeying the no follow through rule, the 1% cap rule, and what now appears to be your silver signal rule. When it comes to MOPE any technicals always get thrown under the bus.
The Dow tanks 500 points and yet again gold and silver go into a coma. Welcome to the new normal. Whenever there’s a crisis brewing it’s the cartel to the rescue, delivering their special algo dose of NyQuil. Based on everything we DO know it’s most logical that Comex COT data is just a steaming load of crap. It doesn’t matter who is where with their positions, or if OI goes up or down. There is always 24/7 interference going on that has an unmistakable footprint.
James Mc…
Business support services
is in big trouble everybody’s sueing them The DEMS say they sold info that helped the Russians that helped TRUMP..The Republicans say they sold info that helped the Democrats win latest election in Pa…
and everybody is saying that sold info that helped crooks steal their identity and credit cards.Its no wonder Zuck Face sold a shitload last week ..He knew and was warned by Netanyahu ,his buddy that helped him way back in the beginning. You know what it means when the RATS are leaving the ship ?
about Fed raising Rates ,well today they got their wish…They better start CUTTING RATES…
The Fed idiot started this and its going down 5o% according to BUFFETT berkshire Hathaway.
The option left is GOLD…NO STOCKS,NOT BONDS,NOT CASH …its going to be inflated away.
Ystdy we saw how the PM stox were not ‘allowed’ to close anywhere near their Hi’s, despite a stellar rise in metal prices…..today they were all closed almost on their lows, despite the metals doing damn all, having been sat on all day.
All that matters is the perception.
My watch list here shows GFI HMY and DRD, all S.A. all up, best performers on gold miner sector. Something must be reversing on that situation also. Currency or policy or something.
The future looks good for the past long term losers, future looks bad for the past long term winners.
Some old long term winners?? Borrowers and spenders, Real estate, general multinational companies, retail already started dropping.
Old past long term losers? Domestic fabricators, and producers of anything including mining and farmers, savers etc.
That’s when I told myself, self? I think they are going lower. All those people can’t be right.
If globalization after 1975, hurt the local smaller domestic companies, then a reversal would be bullish for them only. Those big global monster corporations I think are in big trouble. By todays action, I’m getting more confident in my hunches or ideas.
Yesterday we exposed the globally contagious spread of funding market distress into the credit risk of major US banks, and today it has accelerated, spreading to Europe’s banks as their stocks crashed to the lowest in 11 months…
Citigroup Enforces Gun Control Restrictions On Customers
https://www.zerohedge.com/news/2018-03-22/citigroup-enforces-gun-control-restrictions-customers
Same ol, same ol.
The Rig has one trick, but unlimited Vol to do it, Buy SM and Dollars, sell PM’s…..it’s all they ever do.
Wait! Wait! I heard that argument all during the crash of 2008…never mind…
never any follow through
silver whacked
Comedy central
tks to 15 yr old Quant Algo’s.
I’ve been watching this idiot game for so many decades, I don’t even need the news. I what the know the news is going to be ahead of time. 🙂 The new news will be a recession.
Nice trade…U have great ‘smell’…..
Isn’t this fun watching the big global corporations shares dropping? They were in the “drivers seat” having fun making money for decades, operating across borders, avoiding US labor and taxes, but absorbing US consumers wealth. Tax free cheap labor.
Short them. My TZA short play is working so far + 5.6%.