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Rick’s Pick for Friday Buy That Billowing Mushroom Cloud!

Posted by Richard640 @ 21:44 on June 13, 2019  

New and Uncensored Social Media

Posted by Captain Hook @ 20:58 on June 13, 2019  

The wave of the future.

https://www.zerohedge.com/news/2019-06-13/jordan-peterson-close-launching-anti-censorship-social-media-platform-0

Go gold.

If the Fed doesn’t cut rates next week knee-jerk selling is definitely possible into PM options expires as the month matures. And with specs record long the derivatives right now the reaction(s) could be brutal. That said, if stocks move back up to the highs on the rate cut premise (which is why PM’s are rallying), they will selloff too, setting the conditions for PM’s to rally post options expiry next Friday.

And maybe the stars align for sustained gains after that…we’re due.

Everything is crossed over here too.

Go gold.

Cheers all.

Maybe gold is also sending this:

Posted by Richard640 @ 18:02 on June 13, 2019  
This is how Edwards recapped his take on the recent – and future – moves in bond yields:
A key part of the Ice Age has been the prediction that US and European 10y government bond yields would fall to levels never previously seen – replicating Japan’s experience. We were told that this would never happen in the west because policymakers would not make the same mistakes Japan made! But with European yields plunging to new negative lows and the US yield curve giddy with inversion, the sceptics are now seriously contemplating the brave new world in which US 10y bond yields fall below zero.
********************************************
as Edwards notes, “the rumblings of the US bond market have now turned into an ear-piercing scream that a recession is close and the Fed needs to start cutting rates quickly

In short, the start of a rate cut cycle is usually very bullish for precious metals. This was not in place in 2017 or 2018

Posted by Richard640 @ 17:51 on June 13, 2019  

Good points made here=

Over the past year, we’ve noted that in 11 of the 13 rate-cut cycles since 1955, gold stocks have averaged a 172% gain from the bottom (usually a few months before) around the first rate cut.

The MORE times a level is tested, the weaker it becomes and the more likely it is to break,

Once again, Gold has rallied up to the wall of resistance in the $1350 to $1375 region. Gold has previously tested that wall a handful of times but failed to break through.

This time, gold is in position to punch through and I will explain why.

First, we can allude to what we already wrote. The more times a level is tested, the more likely it is to break. By virtue of testing resistance again, gold is already in a better position.

Second, the fundamentals are moving into place.

Specifically, market-based indicators of real interest rates (the fundamental driver for gold) are falling in anticipation of Fed easing, which is nearly a given at this point.

Over the past year, we’ve noted that in 11 of the 13 rate-cut cycles since 1955, gold stocks have averaged a 172% gain from the bottom (usually a few months before) around the first rate cut.

In short, the start of a rate cut cycle is usually very bullish for precious metals. This was not in place in 2017 or 2018 but should be for the second half of 2019.

Third, gold is in position to break resistance while the US Dollar technically remains in an uptrend but in a weak state. At present, the Dollar is not oversold nor does it appear likely to blast higher.

In the summer of 2016, the Dollar had already put in a higher low while in late 2017 and early 2018, the Dollar broke to new lows but gold failed to break through.

https://www.bullionvault.com/gold-news/reasons-gold-061320191

Buygold–we r all similarly conditioned…and for good reason…if gold ever–in our lifetimes–gets

Posted by Richard640 @ 17:11 on June 13, 2019  

loose and makes a run for the roses, very, very, few gold devotees will be on board…your scenario for tomorrow is based on the action of the past 8 years and is very likely to happen…in the meantime, it was an enjoyable day for a change…and maybe we’ll have a pleasnat surprise…this is just from my crappy little CDE today=

Balances

Account value  $x,xxx,858.97   +$5,870.00 (2.21%)

Unless the Bond market is REALLY right

Posted by Buygold @ 16:09 on June 13, 2019  

I’m feeling a nice pop in the am above the terrifying $1245 level for the umpteenth time and maybe even silver above $15, followed by a brutal smash that ends in tears by days end.

We all know the SM loves war.

Today felt like a “struggle to rally” day that we’ve seen so often and the shares didn’t do much – especially the silver shares.

I’d love to be wrong but doesn’t feel like a big new big is about to get started to me.

Nevertheless:

Buddha     3 – 0 -1

Gartman   1 -2 -1

Richie re They are buying stocks and t-notes=which one is right?

Posted by Mr.Copper @ 15:07 on June 13, 2019  

That’s a good question. In general, over all, I think the Bond market is more right. Stocks? It depends on the sector, or rather domestic or global. Imo if globalization is in reverse, than domestic companies should do better, and the ones that benefitted by outsourcing and importing should get hurt.

Iran and war

Posted by Buygold @ 14:58 on June 13, 2019  

There have been no winners in the wars we’ve fought in the Middle East over the last 18 years, yet for some reason we are still intent on provoking them.

The human and financial cost will ultimately be our downfall.

JNUG

Posted by redneckokie1 @ 13:09 on June 13, 2019  

I bought a little more JNUG today. It bounced off some minor support and going past the last high soon.

rno

Iran

Posted by Richard640 @ 12:48 on June 13, 2019  

…war is inconceivable there–
First of all Iran could knock out all U.S. ships in the area in 5 minutes with their missles…we would, nevertheless, deliver a withering response…next Iran would destroy ALL of Israel and Saudi Arabia with a shower of 1000s of highly accurate CONVENTIONAL missles…Israel, geographically, is tiny,,,Tel Aviv. would be consumed, like Dresden, in a fire storm…In response Israel would nuke Iran sending it back to the stone age…not a pretty picture,,,no winners.

For some gosh-dang reason CDE is making a 6.4% move as I write-while WPM is down-not much-6 cents-PAAS

Posted by Richard640 @ 12:15 on June 13, 2019  

and AG have respectable gains..the stock mkt. is trying mightily to shrug off the Gulf news but bonds aren’t buying it…

https://finance.yahoo.com/quote/CDE?p=CDE&.tsrc=fin-srch

Buygold=11:12 am–Loving the way gold and silver have set up today-both trying to make a move for the

Posted by Richard640 @ 11:20 on June 13, 2019  

3rd or 4th time today…the fact that they keep coming off the mat is bullish action…also bullish that silver isn’t lagging..keep em crossed! Could the hint of WAR being in the news having some effect?
************************************************************.
PAUL TUDOR JONES sets gold-bug hearts aflutter today:
“The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400… it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States.”
Updated: June 13, 2019,11:18 am — 11:18 am

Looks like Bonds may be right today

Posted by Buygold @ 11:14 on June 13, 2019  

Kind of like the way that gold seems to be trading inverse the SM rather than reacting to the slightly stronger USD.

Even the shares are following the metals a little.

We’ll see if that lasts if the SM really heads south.

They are buying stocks and t-notes=which one is right?

Posted by Richard640 @ 10:20 on June 13, 2019  

http://futures.tradingcharts.com/marketquotes/ZN.html

Red Pine Announces New Mineral Resource Estimate for the Surluga Gold Deposit at its Wawa Gold Project, Ontario

Posted by ipso facto @ 10:13 on June 13, 2019  

https://ceo.ca/@nasdaq/red-pine-announces-new-mineral-resource-estimate-for

Vote in the Poll Vote in the Poll

Posted by ipso facto @ 10:09 on June 13, 2019  

Buygold–A good summary!!

Posted by Richard640 @ 10:08 on June 13, 2019  

Looks good …………… except for being located in Turkey adds a question mark.

Posted by ipso facto @ 10:07 on June 13, 2019  

Alacer Gold Declares Commercial Production at the Çöpler Sulfide Plant and Increases Oxide Production Guidance

https://ceo.ca/@nasdaq/alacer-gold-declares-commercial-production-at-the-pler

Buygold

Posted by ipso facto @ 9:41 on June 13, 2019  

“Israel”

Yeah that makes more sense than most other possibilities. I guess it could have been Iran, not officially sanctioned but some rogue elements. The Saudi’s and Israeli’s have big smiles on their faces today. Cui Bono? Not Iran I think.

PS The Iranian navy has submarines too.

“These eight ships are supported by three Russian built, SSK Kilo-class attack submarines and Ghadir and Nahang-class mini submarines.[7][8][9][10] ”

https://en.wikipedia.org/wiki/Islamic_Republic_of_Iran_Navy

Ipso

Posted by Buygold @ 9:33 on June 13, 2019  

So, the Iranians are in Japan meeting with the Japanese PM.

Doesn’t make a whole lot of sense that they would attack Japanese oil tankers does it?

If those torpedoes don’t have Bolton or Pompeo’s name on them they surely have Netanyahu’s. Israel does have submarines.

 

R6

Posted by Buygold @ 9:28 on June 13, 2019  

Well, I don’t think anyone on ZH who’s been in the gold market for any length of time could put up any argument as to how foolish it has been. In fact, as you mentioned in your post, there are several people on this board alone that have had to come out of retirement and gone back to work or had to endure dramatic lifestyle changes after suffering the “horrific” losses you mentioned. Myself included.

To me, it’s not really all that funny, but different strokes.

I know that your forte’ is trading professionally and I’ve always sort of believed you been posting here more as a means of gauging sentiment for your trades rather than as a goldbug. Not everyone who posts here is a goldbug.

Anyhoo – Current Standings:

Buddha –     2 -0 – 1

Gartman –    1 – 1 – 1

Buygold-I was just trying to provoke the perma-bulls but got no response…har!

Posted by Richard640 @ 9:14 on June 13, 2019  

Maddog @ 3:29

Posted by ipso facto @ 9:05 on June 13, 2019  

“Tanker attack”

That’s some pretty serious business. I pray that those mines or torpedoes don’t have Bolton and Pompeo’s names on them.

Paul Tudor Jones throws his hat in the ring.

Posted by Richard640 @ 9:02 on June 13, 2019  
Since the top in gold in 2011, a number of  prominent money managers/traders have dared to issue calls for an immenent bull run for goldall of them were wrong and judiciously never mentioned the subject againso now Paul Tudor Jones steps up to the plateI am always glad to see a bull call on gold coming from establishment guys like Gundlach and Jones rather than the perma-bull gold sites like Sprott and his ilkbest of luck to you Paul!
 
And unlike many of his peers, PTJ was humble in his predictions of the future: “I don’t know what the long-run consequences will be,” he added. “The consequences will be slower-moving than many people anticipate.”
What was more interesting, besides his bland reco of all dovish trades that have worked in the past during an easing cycle, was his discussion of what he views as best trade over the next year to two years: gold
************************************************************.
“The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400… it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States.”

Could Italy’s Mini-BOT Trojan Horse Blow Up The Eurozone?

Posted by Maddog @ 7:33 on June 13, 2019  

https://www.zerohedge.com/news/2019-06-12/could-italys-mini-bot-trojan-horse-blow-eurozone

Italy and Brussels are on a collision course…..one day Italy will leave the EU..

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.