Loading ...What is the bond market so worried about?
Hook
Why would you end your sentence like this and the say “cheers”
“but hey wouldn’t want to shred any of your narratives / delusions.”
I really don’t give a rats ass much what you post but when you attack me personally, that’s where I draw the line.
I have no idea if it’s small specs, large specs (hedge funds) or banks playing both sides. We also have no idea if it’s miners hedging their production. Clearly shares have been underperforming, so yes, I think longs have been kept out of the share market because they’ve been burned so many times.
State your case, you’re not shy about doing so and that’s great. Knock off the personal attacks – it’s not the first time you’ve done that to me. BTW – when we have a fundraiser to keep the site going, cough up a $100.
Putting pressure on Xi
HP, Dell & Amazon Join Manufacturing Exodus Leaving China
https://www.zerohedge.com/news/2019-07-03/hp-dell-amazon-join-manufacturing-exodus-leaving-china
Buygold @ 8:41
“keep people out of this market” — open interest in CME Gold and Silver futures are close to records. and the same is true for many of the popular ETF’s — so who exactly are ‘they’ keeping out of this market?
Record amounts of speculators in this clusterfuck buying anything except bullion and the shares which is why the lunacy goes on (because real demand is not reflected in the trade of the real commodities)…but hey wouldn’t want to shred any of your narratives / delusions.
Cheers
Silver inching higher
Who would have thunk it with gold barely moving??
Let’s get this bull going, hopefully the shares will lead the way.
R6 – Concur
Lots of hooks, silver, the pm shares, etc.
The manipulators are working hard to keep people out of this market in the U.S. for sure.
You mentioned CDE back in 2016, I think silver was up around $18-19 back then too.
Maybe our hands should be sweaty today, they aren’t letting gold up above $1420
Buygold–yeah, I think. u r right…I guess the last hope for the gold bears is that
the ADP number was wrong and fridays will be 140K to 170K which is no great shakes but would serve as a pretext to smash gold….I gotta learn–still– not to micro-manage my. trade….lol…but silver is a worry…but it is also one of the many “hooks” that have kept traders out of this move…not much movement in the dollar or t-notes…yesterday morning held no clue of how the. day and evening would unfold…so. we’ll do another 10 point inspection around 4pm…
R6 – Ha!
No need for sweaty palms today methinks.
Now the talk is going to shift that the Fed SHOULD cut 50 bps in July and if they don’t it will disappoint the SM – JMHO
Mark Zandi – the super bull said that the Fed might already be behind the curve and the unemployment rate probably will rise from 3.6 to 3.7%
If the scum weren’t sitting on the price with those long positions they bought we’d be up easily $20-$30 bucks.
We GOTTA see gold get back to at least up 20 to 25 bucks…we don’t want to see the pre-rally
regime come back where gold either goes down or doesn’t respond to all news
on FOX news==ADP result could boost chances of a july rate cut
OK…the dice have rolled…now we’ll see…
ADP – Yup, Big miss
ADP – 102K weak, weak, weak
Banksters were setting themselves up so they could cover some shorts in gold.
We should see a weaker USD and rates and stronger pm’s but you all know how that goes….
Buygold–silver bopped from up 23 cents. earlier–now up one cent…I’m getting sweaty palms
a weak ADP number…then a pop in. gold…used. to. get easily. reversed…we’llget our test soon
144K jobs expected
number=102K–on the low side–a disappointment
Buygold @ 7:51
The specs are all long out the kazoo so you won’t see any short covering there.
If PM’s continue higher it will be as a result of speculative buying.
$1385 is the number to watch on the downside. If breached the specs will puke their positions.
Cheers
Ten Yr. rates down again to 1.96%
doesn’t seem like the bond market is worry about a big jobs report, seems like it’s worried about something else.
Could be a wild ride for us today.
Here comes the hit
in front of the ADT Report
either those numbers have been leaked and are stronger than expected or we’ll see another bout of short covering after release.
R6 – Interesting Observation
Looks like London or someone got the gold market under control in the overnights but still not enough to reverse the move higher so that’s a little surprising to me.
Would surely think these shares are going to wake up in a big way at some point, just don’t know what that point is. In 2016 HUI got up near 300 with gold $70 lower.
One other thing, is gold a once in a 20 year market? 1980, 2000, 2020?
Anybody else notice this? In terms of the gold price, this rally has covered. almost the same amount in 3 weeks as the 2016 rally did in 6 months
In 2015 gold was about 1085—it went to about 1353 in june 2016—but pm stocks and etfs had a huge rally…with this rally it seems like pm stocks are lagging badly—one example is my CDE that went from 1.56 to over $15-now it has gone from 2.80 to 4.40…PM stocks need to get going…
For those who want to “get cute” and employ a hedge to their gains, permit me to point out
that DUST is getting very cheap and weekly calls are reasonable…I doubt I’d used them but will be taking a look
At 9:15 we have the ADP report which could be a mkt mover…but I don’t thinl jobs or trade are the main drivers of gold currently…I think it. has to do with zero bound rates, permanent yearly U.S. trillion buck deficits and, generally, the WORLD-WIDE DEBT BOMB in all its categories–in other words, it’s finally RECOGNITION TIME…
BOOYAH!!
It’s now. time for the “stopped clocks” to be right-we must pay attention to the likes of a Peter Schiff-remember he was finally right. in. 2008 in a big way!! Ditto Doug Noland and others.
The Lowest Since 2008
Peter Boockvar: “Bloomberg news posted a story that said “ECB policy makers aren’t yet read to rush into additional monetary stimulus at this month’s meeting, preferring instead to wait for more data on the economy, according to euro area central bank officials familiar with the matter.” This is not much of a surprise as the market was expecting a move in September instead and why the euro is barely higher. Not that any of this matters because to think that moving the deposit rate from -.40% to -.50% is somehow going to have any benefits is bizarre and it instead will further hurt the banks. This comes a day after the Euro area May unemployment rate fell to 7.5% from 7.6%, the lowest since April 2008 and just two tenths away from matching the pre crisis low.”
The Fallout Will Be Catastrophic
Peter Schiff: “The current economic “expansion,” now the longest on record, is merely an illusion created by the monetary magicians at the Fed. Behind the smoke and mirrors lies the greatest bubble in U.S. history. When it bursts the economic & political fallout will be equally catastrophic.”…
Call me cautious but be careful as it heads to the next target. It will be a cross roads target. It it can hold and go to 1700 next or will fall back down rinse and repeat.
11:03 pm–gold 1426.60 is 15 bucks off the high-silver=15.36 up 12 cents. & 15 off the high–that’s a
But. don’t despair…it’s gonna be a wild night…around 6:30 or so I was watching fox biz and gold dropped 10 bucks literally in a minute or. two and a few minutes later had gained it all back…I e-mailed Bill Murphy and asked him if that had happened or was it the Fox biz feed ticker that had made an error…he said, no, that. was real action–gold is in a fast moving market. The volatility reminds me of the cryptos that past few days…
Maybe these are “Vesuvian Tremors” and gold is about to go “full Bitcoin”…and make a 40%-50% move in a week or two.
Buygold–no, u are perfectly sane-it’s 9:16 and gold is up $30 and silver. has come alive=up 23. cent
“such a night” we have ahead of us–one. to remember…
Why gold spiked
We got ourselves the ultimate dove on the Fed coming…
A move above $1445 would confirm the bull…pullback or not afterwards.
Cheers