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Loading ...Today should have been a barnstormer, all the news was v bullish only the Rig held it all back..Hell NEM is the No 1 unhedged mine, it should have gone ape, instead it was down all day..only the Rig could be behind that…
But I agree they are not getting the same reactions they used to, buyers are waiting to take on their hits.
It’s good for gaps to get filled like that. Maybe there’s fishy business going on, but the miners are digging out of a damn big hole, so selling gap opens seems like normal behavior. Sometimes, markets walk up the stairs backwards.
Take away the Rig and they would be crapping themselves, instead of swanking around, as if everything is A OK !!!!
That said the Fed has no choice tomorrow it has to be easy, or the Donald will go ape…..and Draghi will look like a fool…..it all points to Gold, they are close to being boxed in.
Biggest daily gain I’ve ever seen in this Global index–which certainly tells me that there is NO FEAR round the world about the big scary debt bomb that stock bears keep harping about… AND NO FEAR about banks like DB collapsing…or war with Iran…there is total confidence in Central Banks…got a 100 year Argentine bond–got a 2 billion buck shortage in the Illinois state employees pension fund.?..no sweat, the check’s in the mail courtey the FED…yet…yet…everybody’s on edge…they know it’s not normal…and that confidence can go away in a minute…but until then…lern to live with
MODERN MONETARY. THEORY
Silver looks ok but other than that, this is another shit day.
I think tomorrow will be even worse.
An investor asked me today what I thought of the action in the miners so I sent him a chart…
a disappointing day…we’ll just have to see what tomorrow brings…it took gold 11 years to go from 250 to 1900–BitCoin went from 500 to 19000 in 6 months…that’s the rig…I don’t have 11 years or 11 months to wait…
A fourth carcinogen has been found in America’s supply of blood pressure drugs.
The US and Europe have faced severe shortages of heart medications since last summer, when it emerged that millions of people (at least a million Americans, and another million in Europe) were taking pills laced with cancer-causing chemicals.
The chemicals were traced back to quality control failings at factories in China and India, which cheaply and efficiently produce two-thirds of drug ingredients in the world.
Officials and pharmaceutical companies were forced to pull most heart drugs from the US, leaving millions of people to choose between contaminated drugs or nothing.
Earlier this year, as the shortage dragged on, the US Food and Drug Administration (FDA) released a list of safe alternatives.
But today, a new FDA filing reveals those, too, appear to have been contaminated with another, previously undetected chemical: dimethylformamide (DMF), a solvent which is used in plastics, pesticides, and synthetic leathers.
I hate to carp..but looking at the board, PM’s are a joke today…yes good to have some gains. but look at all the other crap that is exploding…CAC 40 was up over 2 % …no-one does a stroke of work in France, ever…AAPL up 2.4 %..over priced crap and no new products since Jobs passed….etc etc. Oil did over 4 % at one stage, its still up 3.4 % Copper over 2 % all LME well up…so hard assets are bid and that wasn’t just the Trump tweet…it was also Draghi
Gold shud be up 5 % plus and the shares shud be up 15/20 % % or more, this should be a monster day….and it was going to be until the scum landed all over them.
They have so far tried to cap PMs but they are FAILING… silver is up 21 cents and silver stocks and ETFs are just up modestly…but this will fail too–if not todat, them tomorrow…when the tide goes out…then we’ll see who si wearing a bathing suit
Crude up $2.20…as the “everything bubble” inflates to a mind boggling size–can you say Weimar Republic?
Lets see…the 10 yr note’s up 17/64ths on huge volume…oil. up–DOW up 400…the dollar index up .183…gold up…could all the markets be right…tomorrow could be the most volatile day in market history
**German
Wegweisers genitive , Wegweiser plural
This little retreat was just pulling back the slingshot…the Boyz were shaking the tree to stock their shelves with merchandise before the LAUNCH!
This is a MOABO moment…[mother of all buying opps]
But seriously, folks…take my wife…er, no, scratch that…what I wanted to say is that if gold can get back near the highs, that event would be super bullish!
AND PASS THE MARSHED P’TATERS…
FCX is a “bird DOG” for GOLD ! (He points the way!)
buy MORE !
Yeah, funny thing about that SM though, unlike gold, it rarely gives up its gains.
As far as a gold rally tomorrow, hope you’re right, You’re a lot more confident than I am.
every time Gold does this, the scum land all over it and push it back down on the day…..the SM will of course be allowed to fly higher all day.
NEM now down 1 % on the day….
