Posted by Richard640
@ 20:03 on May 10, 2019
*Trader Rog…
roger at 4:00 on Friday
hi bill,
well, the HUI just made a SIX MONTH LOW. All
the metals and miners are still in serious bear
trends. the silver OI is still up there at 200,000.
there’s nothing good about the COT report.
why the endless talk of this is the bottom, i’m
buying, i’m all in, and back up the truck? things
are obviously hopeless in the short term.
now egon von greyerz (a good guy and one of
us) has joined the chorus. he says the Final
Bottom will be formed this month, and gold
and silver are like “coiled springs ready to
explode”. baloney!
i’m about 19 cents ahead on my silver
futures ($19,000). i’m look for the Final
Bottom more like this fall
best,
roger
Posted by Maya
@ 19:18 on May 10, 2019
If I invented a Time Machine in the future…
I would go back in time and make all the correct investments and I would be fabulously rich now.
But I’m not…. So…..
Apparently it is not possible to build a time machine in the future.
So I guess I will not bother to try. 🙂
Posted by Maya
@ 19:15 on May 10, 2019
…the first Transcontinental Railroad was completed. The Big Boy made it to Ogden, Utah, to celebrate the 150th anniversary of the Golden Spike that connected America’s transcontinental railroad.
https://railpictures.net/photo/696627/
Posted by Richard640
@ 17:38 on May 10, 2019
Published Thursday, May 9, 8:44 p.m. ET–klik to enlarge chart
The tariff war has been weighing on the stock market lately, but don’t be surprised if shares take a lunatic leap as soon as it blows over. My hunch is that regardless of how the dispute with China settles — or perhaps doesn’t — the mindless priorities of the market’s institutional sponsors will remain unchanged. They earn their bread-and-butter the old-fashioned way, after all, throwing Other People’s Money at stocks supported without limit by “research.” So what difference does it make, then, if higher tariffs suck a few hundred billion dollars from a ten-trillion-dollar shell game? With the Fed continuing to supply more or less unlimited credit, its not as though the entire sum can’t be magically replaced before it is even missed.
The real economy will get hurt, for sure, but who cares? Who would even know it, assuming the news media, economists and Wall Street’s spin doctors continue to direct our focus toward unemployment numbers that are likely to remain rosy in the months ahead. The stock market doesn’t need an assist from any source so stiff and mundane as “the economy”. It runs purely on financial fuel, and that’s why, for all of the hullabaloo about onerous new tariffs, the outcome of the negotiations will cease to have an effect on stocks a week from now, if that long. Sell the rumor, buy the news
Posted by Aguila
@ 17:03 on May 10, 2019
I’m in the same boat – It was looking really really good in 2003. Then downhill from there. On the other hand if I would have quit working then I would probably be spending all my remaining wealth on a liver transplant by now. haha
Posted by Moggy
@ 16:58 on May 10, 2019
As to Robert David Steele, I think he may not be on the up and up in a lot of what he claims. Nevertheless, he has recently stated that the U.S. will have a gold-backed currency before 2020. Thoughts?
Posted by Buygold
@ 16:18 on May 10, 2019
Other than my ridiculous investments, life is OK.
Just wish I had sold everything in 2011 and given myself a chance.
Now I have no chance, retirement is a distant dream
Posted by Aguila
@ 16:15 on May 10, 2019
Posted by Maddog
@ 16:13 on May 10, 2019
Course anyone trying to invest based on ZH articles would be broke several years ago.
That is so true…..and tks for yr comments on the economy, they have been spot on.
have a gud ‘un…
Posted by Maddog
@ 16:10 on May 10, 2019
what is going on in silver is beyond comment….
Posted by Buygold
@ 15:37 on May 10, 2019
Totally useless – Maybe Capt. Hook can find some small speculators to blame in the report
https://cftc.gov/dea/futures/deacmxlf.htm
Posted by Buygold
@ 15:25 on May 10, 2019
we’re going to endure another year of this shit. 8 years running while the SM is up for the last 9
One thing is bullshit, this economy is rockin’, so when ZeroHedge tries to tell you that it’s not, they are full of crap.
Course anyone trying to invest based on ZH articles would be broke several years ago.
I guess the same could be said for the legions of gold idiots, Sinclair, Vermulean, Rubino, Sprott, etc. Take your pick, charlatans are everywhere. One thing holds true and was a big miss for me – Buffett said it – don’t bet against the US. Wise words, the rest of the world is garbage.
Posted by Maddog
@ 15:22 on May 10, 2019
Posted by Maddog
@ 15:10 on May 10, 2019
looks like most stock indices will put in Key Reversals to the upside…which will probably mean Monday will be a meltup day, as terror strikes punters, when they realise they may have missed the bottom.
Posted by Moggy
@ 14:30 on May 10, 2019
Lol, if nothing else, you’ve gifted me a few laughs in the face of this farce.
Posted by Richard640
@ 13:00 on May 10, 2019
[Maybe my black pessimism will mark the bottom for PMs…]
Posted by drb2
@ 12:36 on May 10, 2019
The tide maybe turning. Well worth the time to watch.
The Dems are going to be pulling out all the stops to derail and deflect.
The Rule of Law in this country is in a struggle for its life. If successful, maybe next they will look into another bigger crime scene – the banking Cartel
“He’s going to get to the bottom of everything, he’s going to find out how and why this investigation started in the first place.”
https://www.zerohedge.com/news/2019-05-10/i-will-not-yield-epic-rant-jim-jordan-accuses-dems-sweeping-spygate-coverup
Posted by ipso facto
@ 12:31 on May 10, 2019
Posted by Maddog
@ 12:10 on May 10, 2019
Then look at the volumes traded, which makes the whole thing even more bizarre. Huge volume, but no movement !!!
Meanwhile Uber is exiting the world, despite it making huge losses and the prospect of it never making money, if it is regulated properly !!!
Posted by Aguila
@ 11:15 on May 10, 2019
It is almost like they are experimenting to see how narrow a range they can limit the fluctuations.
Posted by Buygold
@ 10:34 on May 10, 2019
No matter what the SM does, or even the USD for that matter, gold and silver can never be seen as “go to” investments when shit hits the fan.
Captain Hook – I didn’t respond to you yesterday, but you’re wrong. The manipulation is purely the banks and their chosen hedge funds playing against each other keeping prices down across the sector, and if not the metals, then they attack the shares. Pure psychological warfare.
The small “speculators” as you call them aren’t big enough to even move the needle. Do they get wiped out when they try? Sure, but they have zero influence on this market.
Posted by Richard640
@ 10:24 on May 10, 2019
All PM stocks and ETFs in the red…Funny thing, gold’s up for no discernible reason: The $ index is down .200–Infinite money printing is official FED policy-[Japan’s been doing it for 20 years to no ill effect]–N.Korea and Iran heating up–every level of the government is honeycombed with debt–ditto the corporate and private sector…filtering out all that noise…and looking at the. charts…looks like gold is going down…
Posted by treefrog
@ 10:07 on May 10, 2019
Posted by Buygold
@ 9:54 on May 10, 2019
rates falling on weak inflation numbers. No Help.
Shares look like shit.
This day is over. Time to find something else to do.
Posted by Buygold
@ 9:23 on May 10, 2019
Gold was up $4-5 now up $2, Silver was up $.07, now flat
Then of course there’s the SM futures were down 160, now down 73
and the effing beat goes on….
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