Loading ...Maybe all the talk we’ve been hearing about silver being the most undervalued commodity…and the place to be…maybe that has reached the ears of the big hedgie guys…cause an awful lot of volume has been flooding in…that said I advise all players:
PLEASE DO NOT ORDER YOUR LAMBORGHINIS JUST YET-!
But I think it best not to over analyze this action too much–if one has positions one should give this move every benefit of the doubt until proven differently…and all of us have been traumatised by the action of the past 8 years…the danger is to get shaken out prematurely…of course gold could suddnely lapse into a coma…but that’s just part of the risk that every trader has to deal with…
AG just hit $ 15 and so far it is no mass…..and NEM ain’t crazy bid…plus the SM has exploded up 3.5 % in 3 days…that I think has to stop to keep PM’s bid.
June 5, 2019, 8:28 AM EDT Updated on June 5, 2019, 8:41 AM EDT
Companies in May added the fewest U.S. workers in any month since 2010, suggesting a potential pullback in the labor market amid weakness in some parts of the economy.
Private payrolls increased by 27,000 after a downwardly revised 271,000 gain in April, according to data released Wednesday by the ADP Research Institute. That compares with the median estimate of 185,000 in a Bloomberg survey of economists.
The PPT on vacation? That’s OK with me!
Venezuela Defaults On $750 Million Gold-Backed Swap With Deutsche Bank
https://www.nasdaq.com/symbol/cde/premarket
Europe has only small gains–ditto Asia overnite-except Japan–they are also buying t-notes=2s-5s and 10s…not a lot but buying none-the-less…not confirming the U.S. action…
A word of caution to myself: before you get all “bulled up” about gold just remember that the PM market can suddenly go–with no warning or transition–and on no news–into coma mode…that said, again, I will give this move every benefit of the doubt until proven differently.
G*d bless all punters…and G*d bless Tiny Tim.
or whoever from Sprott money wrote that headline.
Money flooding the US Bond market forcing rates down actually forcing the economy to contract? So the Fed has to match what’s happening in the bond market? Would explain dollar strength as well I guess? That is really interesting stuff and as good of an explanation as I’ve heard.
Been nice waking up the last few days and seeing gold catching a bid.
compared to the Trumps .and yet the Press has nothing to say ,Melania has the Stunned in Silence….
Where are all the Photographers ? Democrats must have sent them to Siberia on vacation …The Press has missed the Photo’s of a Lifetime as they are blinded by Jealousy and hatred ..! PITY !
Better than Camelot ! THE TRUMPS TAKE BRITON BY STORM !