Loading ...Yup…..just unreal painting….800 points swing in the face of a major trade war is as bizarre as it gets…until the next outrage.
Reckon they will try and paint a weekly upside reversal, only 2 days left and it is already on.
Hey maddog
Pretty demoralizing action. A little surprising too that they were able to manage an 800 + point swing in the DOW to the upside.
Somehow though, I don’t think we’ve seen the end of the current volatility.
Here they come to paint the closes
SM will be top ticked, along with Dlr/Yen and PM’s getting the late bashing….plus ca change.
Be my guest … or … has Macron bumped his head?
US Forces Leave Parts of Syria’s Raqqa, French Troops Set to Move In
https://sputniknews.com/middleeast/201804041063203211-us-troops-leave-raqqa/
Mr. Copper
Just a basic premise. No sarcasm.
ipso facto @ 13:28
Hi Ipso, I’m not sure what you meant. Re we need strong economy for military spending. Our economy is strong enough for increased debt or borrowing for spending? Or maybe you were just being sarcastic.
Despite the bounce from the lows seen on February 8, the market seems uncomfortable and edgy. At the same time, it appears unconvinced that anything could be wrong
Expectations are that when stocks fall, bonds rally (prices rise and yields fall). As shown, in 2014 and 2015, Treasuries and other high-quality bonds did just that. But in January and February of this year, that was not the case. Uncharacteristically, the returns on high quality bonds actually fell and yields rose alongside a stock market under duress. There was no evidence of a “flight-to-quality” response from investors.
The market may be taking into account that accumulated debt and forecasted deficits portend much heavier supply of Treasuries in the future along with a looming question of who will buy them. Treasury supply and demand dynamics appear uniquely troubling as recently noted in Deficits Do Matter.
Summary
Despite the recent correction, the U.S. equity markets still easily lead all major global markets in terms of valuation. This is not cause for optimism, it is a sign of extended risk. The outlook for earnings has improved due to tax reform and other recent fiscal policy measures, but even with that boost, earnings do not support these valuations. There is also a clear tension between the Fed and their monetary measures and those of the Congress undertaking new fiscal stimulus. Those paths will overlap and it will be bumpy at best with tightening Fed policy opposed by the forces of fiscal stimulus buttressed by tariffs and the threat of retaliation from other countries.
The markets appear to have sent an early warning to equity holders with the spike in volatility, but with the sustained optimism of the market since, it does not appear as though many have taken heed. Since early February, volatility has dropped back to less elevated levels but it remains significantly higher than the single digit readings commonly seen in 2017. Even if VIX stabilized to average 15 for the next few weeks, that would still be 36% above the average level of 11 for all of 2017. If interest rates remain elevated, to say nothing of rising, it will create further portfolio deleveraging pressure especially on the $1 trillion in funds managed under risk parity strategies.
Despite the bounce from the lows seen on February 8, the market seems uncomfortable and edgy. At the same time, it appears unconvinced that anything could be wrong. Investors have enjoyed such a long period of extreme central bank accommodation and the easy returns that have gone along with it, they are reluctant to modify for the changes clearly taking place. Risks, both implied and explicit, are large and growing but investors seem mostly unaware despite the early warning signal.
A fair characterization would be that it’s like living next to the city dump, if you’re there long enough, you eventually stop noticing the smell.
https://www.zerohedge.com/news/2018-04-04/contours-correction
Mr.Copper @ 11:21
You can’t have a strong military without a strong economy!
… except maybe NK where the serfs eat grass …
Equisetum @ 12:15
I think everyone here shares in your thoughts. What if the Bear Market in PMs continues until we’re not around to enjoy “the coming” rally? For some of us this has already occurred. Personally I think the next year or two will tell the story and I’ll be surprised if we ring out 2018 without some large positive adjustments in the metals prices. Looking forward to better times!
Cheers
PS “30 years” Hope you’re wrong about that one!
treefrog @ 11:27
re: the fundraiser. Thanks but we’ve got some figuring out to do. Like where to send the checks etc. 🙂
It looks like
we are back to the seasonal bottoms for silver in June and Gold rises around 4th of JULY ! somehow the bottoms follow seasonals but tops are capped ..SSDD The inflation economy dont go up until Gold goes up .! not backwards as thought.
Richard640
Re Short squeeze
Useing the same playbook every time must guarantee that one day it won’t work and then watch out….Some of the people I know, reckon the SM won’t touch the sides one day……
Maddog–so Kudlow is the “alibi” for the comeback, eh? well. u r right–it’s just another short squeeze
like what suddenly started out of the blue yesterday afternoon just as stocks were gonna roll over hard…but these fun and games won’t prevent the inevitable meltdown…heck, if u or I had unlimited funds, we could squeeze shorts every day of the week…that’s not rocket science.
Alex–u r correct–magnets have been used to good effect for many years-for severe spinal stenosis, a friend of mine got complete relief
without surgery from treatment with a “hako-med” device–he could barely walk without using 2 canes-now he’s back to walking 5 miles a day.
I purchased my Hako–Med machine in October 2004 and I have treated approximately 150 patients in the past 16 months. The Hako-Med Horizontal Therapy has provided my patients the convenience of having therapy while they are in the clinic for their appointments rather than going to a physical therapy place separately.
People also search for
This machine (ProElec DT 2000) has been a breakthrough in electromedicine, combining all known forms of electromedical therapy, in addition to this new revolutionary therapy. It is the most sophisticated form of electrotherapy available. A German company, Hako–Med, engineered and manufactured this advanced unit to …
Dec 13, 2017 – The Hako Med is an electrical device with an unusual name. If you saw how this machine looks you would think it was a robot from NASA. Standing over 3 feet tall the Hako Med has 8 hoses coming out of it attached to suction cups. I guess it really looks more like an Octopus except for the large digital …
Ipso facto. At 9:30 you made reference to
“when the next rally comes”. That conditional ‘when’ statement pops up in my mind more and more frequently these days. My increasing concern is that the ‘when’ may not happen while I am still around. I was age 44 when Ag had a nice rally in 1980 and 75 when we again saw $50 silver in 2011. That 30+ year interval between PM rallies, while not necessarily predictive of the the future interval between good rallies, leads me to suspect that the next real rally may be too late for me. But we can still hope, and continue to hold what we do have in the way of physical and good PM-related equities. No doubt many on this forum are hoping and holding for similar reasons.
R640 Thanks for your post of Dr. Rogers article
One item she did not touch on is the bombarding of most of humanity by EMF signals , and the apparent reduction of our planet’s magnetic fields . I have read a treatise claiming that our astronauts who spend long periods in the ISS returned with a number of malaise conditions leading NASA to create artificially induced Pulsed Magnetic devices which are now in place in their orbital ‘home’ .
The article indicates that Earth’s magnetic fields have a pulse frequency around 9.6 HZ (sub audible) of varying amplitude . Now there are commercially available devices which are said to help with undisturbed sleep , bone fracture healing rates , and chronic pain reduction . I spoke with friends last weekend who swear by the benefits of a PEMF ( pulsed electromagnetic field ) device they purchased . Basically , an induced magnetic field is created by an alternating electrical wave form in a coil of copper wire embedded in a small mat .
For those interested , a short kindle ‘book’ is available entitled ‘PEMF-The Fifth Element of Health ‘.
This is gonna be unbearable…..Idiot mumbles unintelligible garbage and SM explodes etc
Stocks Stage Impressive Comeback After Kudlow Urges Market Not To “Overreact”
Or the real news is the scum buy e-mini and Dlr/Yen with all hands, while dumping all over Gold….
ipso, 9:30
shoot me a mailing address so i can send a check. i don’t do plastic.
my forum handle
at
nettally
dot
com
ipso facto @ 10:59 Very Interesting Post, But You Forgot To Add Something
Attention American Consumers, Check Out Your Consumer Dollars At Work In China.
Every thing we touch in a store is made in China. Way back when USSR imploded, I suspected that China would be the next fake enemy instead of USSR.
We may eventually see that. To generate tax payer funded fake military jobs and corporate welfare with military spending.
Today’s News…Record breaking March For FBI background checks
Gun sales way up in (record breaking March background checks) because of all the anti gun hoopla, people get scared of outlawing, so they buy. Obama was a record breaking gun salesman for 8 years. After Trump got in sales dropped like a rock.
Ruger and Smith & Wesson stock dropped. Recently, a month ago I noticed them perking up, and I suspected gun sales were rising because of the anti gun hysteria, but didn’t know for sure. This morning confirmed my suspicion, they announced it on TV. I knew the news before it came out. 🙂
Eldorado Gold says Greece arbitration ruling is positive
By Susan Taylor
TORONTO, April 4 (Reuters) – Canada’s Eldorado Gold Corp said on Wednesday that an arbitration panel in Greece has ruled it has a valid technical plan to build a metallurgy plant to process concentrate mined from Skouries and Olympias.
Vancouver-based Eldorado, which decided to freeze investment and suspend operations in Skouries last November following a years-long permit tussle with Greece, said it will now consider its next steps.
Greece has argued that Eldorado’s 2014 technical report on the Madem Lakkos metallurgy plant was in breach of a 2003 contract, related to its acquisition of mining assets in the Halkidiki region.
The ruling “should reduce the level of perceived political risk related to the company’s Greek build-out, which has been a key headwind for Eldorado shares the last few years,” RBC Capital Markets analyst Dan Rollins said in a note to clients.
“We expect the first test on this front will be receipt of the remaining permits/approvals for Eldorado’s Skouries project which is in the final stages of being place on care-and-maintenance following ongoing regulatory delays advancing the project forward.”
more https://finance.yahoo.com/news/eldorado-gold-says-greece-arbitration-134800668.html