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Floridagold
Palladium has been on a just flat unbelievable tear and I’m not sure why.
Can’t be too long before some of the other metals start to play catch up right?
I’m wondering if we’re finally in a zone where we just need to hold tight to our positions.
Can’t believe I’d be saying that with the HUI down at 172. Imagine if we can get a run back toward 600. Fortunes will be made.
Gold/silver ratio
Ratio is now at 84.5. How high can it go? Gold at new swing high.
rno
Morning Capt. Hook
Gold certainly seems poised to get back to $1340. They appear to be trying to keep silver in check to prevent a stampede into pm’s.
What surprises me about this latest pullback towards $1300 is that we didn’t have one of their patented flushes that took us below $1300 and back toward $1280. Especially with the USD as strong as it has been.
We’ll see what happens but things seem encouraging at the moment.
The great Rick Ackerman–click chart to enlarge
Rick’s Pick for Tuesday
When a Bear Rally Becomes Unstoppable
Published Monday, Feb 18, 6:30 p.m. ET
So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a strong dollar that has sapped the earning of U.S. multinationals; and, most recently, evidence that retail sales nosedived during the Christmas shopping season. All of these things together do not diminish the unstoppable look of the Industrial Average (see inset) as it moves within pitching-wedge distance of new record highs. The Dow sits just inches from a 25,998 target we’ve used to stay comfortably with-the-flow, even as the trend has seemingly flouted sanity itself. At the target, the Indoos will have exceeded an important ‘external’ peak at 25,980, but also lie within easy distance of an even more important peak at 26,277 made three weeks earlier. Speaking as a hard-core permabear who has learned to tune out gut feelings so that the charts can speak for themselves, your editor will mention a 28,110 Hidden Pivot that would become a logical minimum objective once the Dow has conquered the obstacles noted above. That would put it nearly 9% above current levels and 30% above the 21,712 nadir recorded in the final days of 2018.
“That’s because the mood has shifted from the extreme pessimism that prevailed in late December to nearly as extreme optimism today
riday:
“That’s because the mood has shifted from the extreme pessimism that prevailed in late December to nearly as extreme optimism today. Some call current conditions a ‘slope of hope.’”
“In other words, as you can see from the accompanying chart, in six weeks’ time this group of short-term stock-market timers has increased their average equity exposure by more than 140 percentage points: Away from being aggressively bearish (recommending that clients allocate three-fourths of their trading portfolios to short-selling) to being almost as aggressively bullish (now recommending that three-fourths of clients’ portfolios be long).To be sure, this does not mean that a decline back to the December lows is imminent. Nevertheless, contrarian analysts are convinced that the sentiment winds are no longer blowing in the direction of higher prices.”
The same is true for our proprietary technical indicator which measures the “overbought/oversold” conditions of the market. In 8-weeks, this indicator has reversed from one of the lowest reading in 25-years back to levels starting to push more extreme historical conditions without a corrective process along the way.
Buygold
Right…now if the specs can control themselves and not buy a shit tonne of EFT calls (GLD, SLV, GDX, NUGT, JNUG, etc) we may actually have a rodeo on our hands as the machines would be rendered useless (in terms of keeping prices contained).
Gold gets past $1340ish and silver $16ish and the bankers will be having a very bad day.
Buy the shares and bullion directly folks.
Buy the real deal.
Cheers
Best of both worlds
USD up. Gold up.
Good to see us hold some small gains from yesterday’s holiday session.
Macro
Re: Or any of the other 5000 magic man believers that use their dogma to persecute another entity.
Just hope you don’t be one of them. Lol
just for the record goldie, I target the leaches that have hijacked the Jewish, Christian and Muslim faiths equally.
Or any of the other 5000 magic man believers that use their dogma to persecute another entity.
It just so happens Zionists use 1+2 to cause the most destruction.
Ororeef
That was the stupidest thing. The guys walking home casually not running with a rope around his neck he didn’t remove. Then the stupid comment this is MAGA territory. The whole thing brought up red flags. He’s a attention seeking low IQ racist out to promote himself. Never mind if someone got hurt because of his schemes. He’s a bad actor how could anyone hire him for acting if he’s that bad. Although differing from Jew targeting Macro you you don’t hear people saying that crooked catholic ” unless he’s a Pope” or Priest or that crooked Babtist, or whatever, unless your a gay man and want quick money at a cake shop.
As far as Venezuela I do feel for the people because they monitor the voters. If they don’t vote for that criminal regime it will be trouble for them. Like the socialist left is trying to do to Trump supporters but worse as they cut things off financially for them including food.
With that in mind they should monitor where that food is going or well here another Puerto Rico story of people not getting the food.