Posted by Captain Hook
@ 11:45 on September 4, 2018
It’s quite simple. SLV and silver and gold and the shares will keep going down until the gamblers in the derivatives markets stop buying more calls than puts because the machines control pricing. And they are independent markets. Supply and demand for physical don’t mean shit regarding pricing.
So you need not wonder how low they will go. Just watch the gamblers in SLV, GLD, AGQ, GDX, GDXJ, NUGT, JNUG for now…there are a bunch of them by design. When they finally say ‘uncle’, then you want to start betting long until they return to their idiot ways again.
Of course the next rally could cause a problem in the physical bullion markets and strip price discovery away from the ETF / futures devils…we can only hope.
Cheers
Posted by Richard640
@ 11:32 on September 4, 2018
Posted by Ororeef
@ 11:31 on September 4, 2018
let them be it ! Its thier choice ,then let them live with it..
Its just like Starbucks that didnt want customers that believed in traditional marriage …Its their choice ,let them live with it..
Just dont expect the rest to give up on what they want…..DONT SUPPORT THEM FINANCIALLY ! CUT thier money off…..
If they want everything to be Political ,then you do the same to them ..turnabout is FAIR play ! Dont be a Sucker and play fair while the other side Cheats the hell out of you ….TEACH them something from TRUMPS PLAYBOOK on TRADE !
He understands what they are all about…The Stupid Liberals keep giving everything away until they become the POOR.. …Stupid is as Stupid does ….
Posted by Richard640
@ 11:29 on September 4, 2018
Posted by Richard640
@ 11:28 on September 4, 2018
Posted by ipso facto
@ 11:18 on September 4, 2018
Posted by drb2
@ 11:10 on September 4, 2018
I love how you always manage to pop to gloat and twist the knife every time PMs take a kick in the pants.
So please tell us – just how low will the algos take silver?
to $10?…. $5? ….$0?
Posted by Buygold
@ 11:02 on September 4, 2018
They just alienated 50% of their customers. I’m so tired of these corporations and athletes and their politically correct bullshit.
Sure would be nice to see this be a capitulation day that ends with the mother of all short squeezes. I wouldn’t bet on it though….
Posted by Mr.Copper
@ 11:02 on September 4, 2018
Just read it, don’t agree with the author at all, so I’m responding. The high dollar is simply a big discount on imported goods. And a BIG tariff on our exported goods.
Declining currencies of foreign nations function as a capital transfer from the USA to TWO major benefactors.
#1 The world’s socialist welfare countries at Americans expense.
#2 Global businesses like banking retail and manufacturing. What’s the mystery? Its been going on since 1946, and more so after the 1976 bicentennial. That author must be in a fog.
Its obvious so far the deep state leaches (big business and big welfare) won’t stop embezzling the US economy.
Posted by ipso facto
@ 11:01 on September 4, 2018
Posted by ipso facto
@ 10:51 on September 4, 2018
Nike should run that as their advertising! 🙂
Posted by ipso facto
@ 10:22 on September 4, 2018
Precious metals miner Tahoe Resources’ (TSX:THO) (NYSE:TAHO) troubles with the communities in the countries in which operates seem far from over, especially after Guatemala’s highest court confirmed Monday the suspension of the company’s mining licence for its Escobal silver mine.
The Constitutional Court’s ruling ordered the Ministry of Energy and Mines (MEM) to carry out an immediate consultation of the local indigenous population, the Xinka communities, and it also upheld the license suspension for Tahoe’s smaller Juan Bosco mine.
cont. http://www.mining.com/tahoes-escobal-mine-licence-remain-suspended-guatemalan-court/
Posted by Captain Hook
@ 10:17 on September 4, 2018
Oh ya…what fun…but hey…gold bugs have the moral high ground…and the fundamentals are sooo bullish…you just gotta buy them SLV calls no?
So load the boat…back up the truck…to da moon.
Too bad the computers don’t give a flying fig about any of that hooey.
Chuckle
Posted by deer79
@ 10:07 on September 4, 2018
Posted by ipso facto
@ 9:56 on September 4, 2018
Posted by ipso facto
@ 9:48 on September 4, 2018
Posted by Richard640
@ 9:31 on September 4, 2018
The dollar is winning (A la Charlie Sheen), but it is hardly by default!
$70 oil is crushing world economies from Greece to China, and $70 oil is a manufactured artifact. Higher oil prices are putting pressure on current accounts which is driving currencies down. Declining currencies function as a capital transfer vector to the world’s reserve currency. The US is now strip mining the world’s capital markets, and it is all being done very intentionally. Who else is better qualified for the job than Goldman, and JP, and they are crawling all over the Trump administration. The pink pachyderm (that no one is noticing) doing the minuet in the living room is the coming end of the oil age. The day of affordable oil for all of the world is over. The world is burning 9 barrels for every 1 it finds, and its biggest, and best production fields are on life support. The sanctions on Iran are a ruse to be used as an excuse to keep the price elevated. The US tariffs being set in place are being used to keep the US banking industry from imploding in a deflationary depression. Currencies all over the world are heading for the abyss, but prices in the US have magically stayed constant.
The enmity that the US is displaying toward Russia can be compared to wolves fighting over the kill of the last caribou on the range. Russia has its own oil, its own economy, and a fine military. As economies all over the world continue to fail, and as oil becomes further out of reach for most, only Russia can remain sovereign. The last two standing in the last resource challenge will be nuclear super power competitors. Either they come to an agreement of mutual cooperation, or the oil wars will soon be upon us.
Posted by Richard640
@ 9:04 on September 4, 2018
Posted by Buygold
@ 8:53 on September 4, 2018
Posted by eeos
@ 8:39 on September 4, 2018
If uncle Jim proclaims it’s true, it’s surely going to happen
Posted by Richard640
@ 7:56 on September 4, 2018
Posted by Richard640
@ 7:45 on September 4, 2018
Gold is going to $20,000 but for some reason it’s got to go to $950 first. O.K. Got it.
***************************************************
Crude up 1.35 at 71.15….The DAX is down 146 confirming the U.S. stock futures being down…stocks should be starting any day now the planned crash of 2018 to usher in the democrats sweeping the congressional elections and the eventual impeachment of the president…all hell will break loose….then martial law must and will be imposed…it’s chaos already with young people filming with their phones as they assault police with the most vile curses then posting the encounters on the internet.
*******************************************************
“Emerging-market FX are set to suffer almost regardless of what they do, the only issue is how much”
Posted by Maya
@ 1:16 on September 4, 2018
Santa Fe, all the way! The Super Chief/El Capitan
flies across the Arizona desert.
http://railpictures.net/photo/668916/
Posted by Maya
@ 1:14 on September 4, 2018
How much rain are you going to get?
Posted by Maya
@ 1:13 on September 4, 2018
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