Loading ...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.
Good point about lack of evidence of covering shorts. For some, it’s even more evidence of these so called “markets” being a complete farce.
RISING for $fvx (5year),$tnx (10year),$tyx (30year)
but NOT yet for $irx (3 month ) ? short term Stock Market and Political reasons ?
What’s really weird about Op ex days in the PM’s, is that there is clearly huge selling going on from the granters, to get us down here…but they never cover those shorts.
In other mkts and when I was in the Biz, when u saw such games going on, the granters had to cover the trades they put on….so after OP ex the mkt would see that trading, but we never see such short covering.
an OpEx day would be the perfect time I guess.
Nothing too terrifying just yet. Hopefully just an opportunity to deploy some dry powder heading into next week.
No doubt the scummy ones are trying to paint and make the charts look horrible…
in this rally…..the scum have just sold and sold into it, as OI for both Gold and Silver are screaming higher…today is no different, the scum are still adding to their shorts.
OI in AG was only 10 K away from a record last night….and Silver near $ 50 when that record was set.
PS the scum’s beloved SM is under pressure….. again…so a real hissy fit is being thrown.
Mongolia seeks to rewrite Oyu Tolgoi deal with Rio Tinto
Yamana Gold Announces a Positive Pre-Feasibility Study With an Impressive and Increased NPV of $1.9 Billion and an Increased After-Tax IRR of 19.7% for the Long Life Integrated Agua Rica Copper-Gold Project
https://ceo.ca/@nasdaq/yamana-gold-announces-a-positive-pre-feasibility-study
…just went green.
…etc …etc.
ORAGF – someone bought 100K shares around $.04 this am. Now you know when garbage like that starts to come into play we’ve begun a real bull market.
Silver is just unbelievable!
…just went green.
If the hedgies are finally buying physical and having a hard time getting size they have no choice but to buy the shares.
Looking good Billie Ray.
Cheers