Loading ...Definitely not news/fundamentals…one day it’s the Yen–then its China and the Yuan–then some say it’s interest rate spreads or confidence in the FED and/or the dollar…
Contagion Hits Latin America: Argentine Peso, Brazilian Real Plummet
While the Turkish managed to stabilize (if that’s the right word), it appears Europe’s close has refocused attention on South American EM as the peso and and real plunge…
So,besides chart patterns, what influences gold?
Definitely! I’ve been saying for a long time that Amazon is a “parking place” for funds…
The decline can’t be blamed on the $–it’s barely down…just .030…the “there’s no manipulation” contingent will really have to wrack their brains to come up with an alibi for why gold is down today..what with “contagion” talk and faltering confidence in the CBs, stock mkts and currencies in the air…
The scum have some more work to do.
Italy Gives ECB An Ultimatum: “Guarantee” Bond Spreads Or “Euro Will Be Dismantled”
Plus ain’t it funny how when Sanctions are placed on a bad boy their mkts react, by smashing their SM and Currency rates, while their Bond rates soar…which is entirely normal…but when any bad news hits Western mkts ….nothing happens…is the Rig being used by the scum to mess up sanctioned countries, as well as protecting the West ??????
R640
Re AMZN
I think that is more due to people dumping other stocks and pileing into AMZN…..SM not looking clever here…not often we see the 1st hour sell off like tdy.
Alex Valdor @ 20:11 Maya @ 0:22 Portugeezer @ 4:22 Re Beware Of Misleading Terminology @17:53
I thank you guys for the added input. Good ones, I didn’t even think of.
First Majestic Reports Second Quarter Financial Results
SECOND QUARTER 2018 HIGHLIGHTS
•Record silver equivalent production of 5.1 million ounces, a 32% increase compared to Q1 2018
•Silver production of 2.8 million ounces, a 27% increase compared to Q1 2018
•Revenues of $79.7 million, a 36% increase compared to Q1 2018
•Mine operating earnings of ($2.3) million
•Cash flow per share was $0.08 per share (non-GAAP)
•Cash costs were $7.59 per payable silver ounce (net of by-product credits), a 3% decrease compared to Q1 2018
•All-in sustaining costs (“AISC”) were $16.43 per payable silver ounce, a 3% increase compared to Q1 2018
•Realized average silver price of $16.74 per ounce, relatively consistent with the prior quarter
•Recorded an impairment charge due to placing the La Guitarra mine on care and maintenance of $31.7 million, or $20.5 million net of tax
•Adjusted net loss of $11.8 million (adjusted loss per share of $0.07)
•Invested $26.6 million on capital expenditures
•Ended the quarter with $109.2 million in cash and cash equivalents
https://www.firstmajestic.com/news/2018/index.php?content_id=385
Off the top of my head with no analysis whatsoever
It seems like Trump is starting disputes with an awful lot of other countries all at the same time.
Amazon! Better than gold! At an all time high today and over $1900…up 34.70
who needs an insurance company annuity? Just pile into amazon…
Gee, Coinista! You really know how to hurt a guys feelings…boo hoo…I’m gonna tell my Mom on you!
Dragon HAwk Mon, 08/13/2018 – 10:12 Permalink
REPENT(!!!!!) from your jealous, loser, anti-science, no-coiner ways, old-bugs. How many times, over how many years, must you be clubbed over the head like a baby seal, shouting to you that your pet rocks aren’t going to pay your nursing home bills? The brain damage must be too severe to comprehend such matters. You could have kept your home, even upgraded, and had in-home nursing care but, noooooo… you were afraid of the complex math that is in Bitcoin.
BUY BITCOIN!!! Losers.
Maddog
The VXX & UVXY open interest put/call ratios have been plunging as the funds load up their ‘hedges’.
Again, and as with the February episode, once these knuckleheads pull back on the VIX derivative call buying (in VXX & UVXY), the VIX shorts (with the futures at center) will come into play, and who knows, maybe it goes to 100 this time.
Cheers
Portugeezer @ 5:23
“Rowan Atkinson” LOL 🙂
Good on you Rowan!
Saudi’s aren’t so flush as they used to be … do they have enough?
Musk points to Saudis for ‘funding secured’ tweet in taking Tesla private
•Elon Musk says his claim last week that the necessary funding had been secured was based on repeated and ongoing conversations with the Saudi Arabian sovereign wealth fund.
•The take-private tweet may have violated an SEC rule about public announcements.
•Musk says he felt it was necessary to inform all Tesla shareholders of his desire to go private.
Loads of SM Bearish talk this weekend
Fridays sell off got ’em all excited…..Apparently a CNBC survey had 76 % of punters saying any SM sell off is a Buying opportunity…..VIX is massively short and back around the Lows again…so all is well…. Did they just let the SM ease off to get the 10 yr away from 3 %….so lets see how the Rig stops any sell off.
Richard640
The big and relentless GLD & SLV call buying comes from hedge funds who have been sold the false notion that this brand of stupidity is a hedge for their broad market exposures. There are a bunch of ‘experts’ out there selling this crap, and Butler is one of them.
That’s why we need a broad market crash to show these knuckleheads this is not the case. Then the funds stop playing the calls, and voila, a lasting rally ensues once the gambler / sentiment baffles are cleared.
In process now. It’s coming.
Capitulation is on the way.
Cheers
Buygold-I remember a few months ago there were great COTs one Friday and nothing ever came from it…
Then and like this weekend, there were many articles by the likes of Sirocco and Rubino declaring that a bull move was about to start…
SLV is truly a mystery–the massive call buying and massive call open interest in all months and many strikes has been going on forever–I asked Ted Butler about it–but he had no explanation…
Buygold
Actually the COT for silver, which is the price managers whipping boy, is bearish. Add in the same situation in the ETF betting parlors, and voila, you have a ‘surprise’ this morning for the naive.
Have you seen the open interest put/call ratios on GLD and SLV? They are .3 – meaning three times the number of calls exist.
Can the few pay the many?
No — right.
So you should know what will happen going into ETF options expiry this Friday.
The good news is the producers are being put out of business at these prices, which will eventually cause a profound and lasting physical shortage the assholes won’t be able to hide with paper.
When?
Your guess is as good as mine.
Cheers
So much for the COT’s
it’s all about the USD. Problems in the world? Sell gold buy stocks
Not a nice way to start my morning
Gold below $1200 and still sliding as I type this .
Maya
Ah yes , the ‘Patriot’ Act .
That one had the framers of the Bill of Rights rolling in their graves .
Portugeezer
Thank you !
Gold Train
It’s Monday Morning rush in NJ. A Pennsy Classic,
the all-electric GG-1.
http://www.railpictures.net/photo/665871/
Copper & Alex
Let’s not forget the “Patriot Act” of 9/11 that was anything BUT ‘patriotic’.
The FED reports “consumer credit”… which is actually consumer DEBT on their credit cards.
It seems to be a habitual pasttime of politicians to disguise what they are doing with names of ‘acts’ that are the opposite of what they really do.
‘Social Security’ ? 🙂
Central ‘Intelligence’ Agency…. is there intelligence in DC??
“No-Fault” auto insurance in Hawaii is more like ‘all-fault’ when you file a claim… you need a lawyer.
Alex 20:11
Just goes to show you America is great ” the people” it’s the swamp who run it aren’t to great. Every time they work to recouperate from their screw ups they try to take the credit then turn around and mess things up again. Carrear politics like giving a carrear bank robber a job as a teller in a bank.