Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...just reminds us of what a HUGH mistake it was to take out Saddam Hussein ! Thanks Hillary !
Whacked POG 20 bucks this afternoon but finished the week at 1425.
The Commitment of Traders Report
Silver
*The large specs increased their long positions by 4,369 contracts and reduced their shorts by 7,905 contracts.
*The commercials reduced their longs by 430 contracts and increased their shorts by 13,650 contracts.
*The small specs increased their longs by 1,329 contracts and decreased their shorts by 477 contracts.
The commercials are net short 59,457 contracts.
Gold
*The large specs increased their long positions by 3,430 contracts and increased their shorts by 2,692 contracts.
*The commercials increased their longs by 11,830 contracts and increased their shorts by 10,822 contracts.
*The small specs increased their longs by 1,758 contracts and increased their shorts by 3,504 contracts.
The commercials are net short 277,408 contracts.
Interesting to see a gold commercial long position be up more than their short one. No surprise in silver and that was before the last 3 days of runs to the upside.
In my mind I see the cretin’s computers whirring loudly and starting to smoke … their task becoming impossible!
Can’t come soon enough.
Cheers
I just hope these days don’t get any more ” interesting.”
I am not for war but there is going to be some kind of response … but what?
It could be that the IRGC is acting without orders.
Now we have a B/O they need to trade $ 15.00 to reverse the chart….notice new tgt $20….i say $21 ….then the Hi’s.
I think you’re right and it’s something we’ve learned to live with. I am optimistic that this time may be different for us.
We had three great days, and are giving back some today, but not all. The metals are worse than the shares which is a positive in my view.
The biggest plus for us might be that the stock market was unable to hold its gains once again, despite good earnings from Microsoft.
I know, I’m a sucker for pm rallies but I think we’re in good shape and might just be getting started – hopefully.
Have a great weekend!
It is certainly all about Op-Ex….but what really puzzles me is that why do they never have to cover their shorts…….even with this news they just keep on selling….wouldn’t put it past the scum just taking the trades and slinging them into that bottomless pit of shorts.
In any other mkt, the equivalent news on a day when the granters have butchered loads of calls, getting a piece of news like that would be the ultimate nightmare, as you’d have to cover yr shorts and that would trigger 1 for 1 Delta buying that fed on itself…in a word you’d be ‘effed senseless.
This news out today:
https://stockcharts.com/h-sc/ui?s=cde
A number of hedge funds and other institutional investors have recently made changes to their positions in CDE. Norges Bank acquired a new stake in Coeur Mining during the fourth quarter valued at approximately $7,183,000. Dimensional Fund Advisors LP raised its stake in Coeur Mining by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock valued at $70,266,000 after buying an additional 1,559,563 shares in the last quarter. Deutsche Bank AG raised its stake in Coeur Mining by 107.9% during the fourth quarter. Deutsche Bank AG now owns 1,953,092 shares of the basic materials company’s stock valued at $8,729,000 after buying an additional 1,013,536 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Coeur Mining by 7.1% during the fourth quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock valued at $61,297,000 after purchasing an additional 914,807 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Coeur Mining by 10.6% during the fourth quarter. Macquarie Group Ltd. now owns 4,615,285 shares of the basic materials company’s stock valued at $20,630,000 after purchasing an additional 443,668 shares during the last quarter. Hedge funds and other institutional investors own 65.90% of the company’s stock.
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Coeur Mining (NYSE:CDE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.
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sometimes mkts. have a delayed. reaction to events–like Maddog points out about crude up only 39 cents…that’s how zi’m playing it and I will risk loading up before the close…I. think the risk of a Sunday nite massacree is minimal…and this Iran thingee could ferment over. the weekend…the. dollar? Could be a problem…but that’s a risk I’ll take…cause all the other 172 reasons to own gold haven’t changed today…traders in PMs now have. a hair. trigger finger…and. if gold comes up green sunday nite they could all pile in…the fear of “missing out” is now the new preoccupation…can’t be sure but I think it’s all op-ex adjustments and games today…
the writers of code for the algorithms that control where our pm holdings go from day-to-day have not allowed the lines in the code that are based on momentum of the preceding 1 or 2 days to function without an over-ride. The over-ride is the section of code that has traditionally triggered a damper that ensures that three strong up days are not to be permitted. I have come to expect this over-ride to remain in the code and I have learned to live with it. But someday someone authorized to do so may change some aspects of the algorithm code. Cheers.
No tks…haven’t read it all…watching the lunatics protect their calls by selling more and now they are buying the SM and selling Oil….as if nothing has happened…it’s just unreal.
As I said Trump has now twice backed away, by calling off the 1st raid and then offering Ron Paul..he is being backed into a corner…of course if we hadn’t butchered our military, we could have protected our own ships, but these woke arseholes in westminster would rather spend the money on overseas aid….maybe that’s what the mkt thinks…the Donald will tell us to look after ourselves….May has done nothing but anger him.
I am so ashamed of our so called leaders, I’ve stepped in way higher life forms.
When the first tanker goes up in flames I’m sure that’s good for a $5 pop. Cretins working OT today!
Did you catch this line from the article:
“It does look like a hijack on the high seas, and if it is so, it’s an act of piracy, absolutely unlawful seizure of a foreign tanker in international waters…”
and this from a “Russian based monitoring group”
This is Irans answer to Trump for sending over Ron Paul etc……..they want a war and now they will get it…they are insane.
Re Iran
and just after the news hit Au popped to 1429 and now the scum have smashed it straight back dn to 1420……..which is of course the correct action, just before the Straits of Hormuz are closed and a shooting war breaks out in the ME…….
By rights the Granters/scum should get killed between now and the close, as they panic buy their shorts back and have to buy call cover…..
the bottom just fell out of JNUG now down almost 6% as the USD ticked up.
Have to play the waiting game and see what Monday brings I guess.
Iran Seizes UK Tanker For “Violating International Regulations”
Gotta wonder why these ships aren’t being better escorted? Perhaps the seizure is what someone wanted?
R6 – yeah, this doesn’t surprise me, and to be honest I am really tempted to buy some shares here. I pulled my MUX order earlier but can still get it @ $1.85. I’m seeing a little green on some of the shares, and looking at JNUG down only 2% this selloff may not be all that long lived.
There’s no way we were going to keep up the pace of the last three days of rally without pulling back some, especially in the face of a stronger USD and slightly higher rates. I’d be surprised if this lasts even through Monday’s close the way the shares are acting.
Maybe I’m wrong and we’ll get crushed on Sunday night, but it feels like the worm has turned, and the SM has more problems ahead than pm’s JMHO
So far, I see this pullback as a needed rest…gold’s fundamnetal thesis is still on rock solid ground…if we come in down $30 sunday nite then I’ll get worried…
this was a big reversal on high volume today but G&S never went red–it’s tempting to buy…especially for the poor shnooks that misse this rally….I dunno if we’re gonna bounce…the rsi’s need a few days to come down..it’s a real dilemma….could the surprise be, when we recover that silver lags gold….not like before…but lags a bit??
Traders are watching this like a hawk…if buying comes in we could be back to the days highs in about. 15 minutes…option grantors are holding out for high prices…they’re in no panic…if a lot of this is op-ex related the last 1/2 hr could be wild and sunday nite could be a big up nite–
In my day u couldn’t run the mkts 24/7, because that would have involved too may humans…..plus most business’ were partnerships, which meant that the old boys on the top, had all their money in the game…that concentrates the mind very quickly
Now a days it’s just a casino, where they can’t lose, tks to the bailouts, so whoever is the nastiest PoS get’s to the top and the lions share….
That’s why I pointed it out, to show just how rigged these mkts can be.
I mean who in his/her right mind decided to day was a good day to sell tonnes of paper metal…just when Ag broke out…only a lunatic or the scum.
Clearly, you and guys like Sinclair come from a much different and more honest era, where there was a much more even playing field.
The way things are rigged now, the big banks have free reign to do as they please as long as the stock market trends higher.
The SM and rates are the key to the survival of everything IMHO. They can never allow pensions to go down the drain with bonds or the SM because they’ll never be able to fix it..
Of course, gold is a complete threat to everything because it is no one’s liability and less than 1% of the pensions and funds hold any.
Not sure they can hold everything together with superglue like they’ve been doing for so long.
Put an order in for some MUX at $1.85. We’ll see if we get dip buying.