Loading ...Gee I wonder where there’s a safe haven?
Richard640
Happiness is seeing the HUI at HOD after the cretins have done their worst! 🙂
We have suffered long enough, it’s time for some payback!
ORO-IPSP-Maddog–Buygold etc–I just got home and I see the PPT is throwing EVERYTHING including the kitchen sink at G&S–
I see silvers gain cut in half…then I see about 10:48 there was a huge. hit to all the PM stocks but all the ones I track came back and just now made new highs for the day…and silver just tacked on a cent or two but only up 10…Dec gold is 1477 and that’s $5 off the high…if gold can’t log a 20-25-30 buck upday on a day like this then what happens next?
Or is this just the way traders get shaken out of their positions…I wish the F I knew–
even my 250 aug $2 MUX calls are up a huge 15 cents [8%] at $2.01–those calls were worthless a few days ago…
My AUY is screaming! Up a YOOGE 23 cents or 7.28%
The scum
are going to go down fighting……
HL
Judge vacates water discharge permit for Montanore Mine
Heres a Great Short
TDAmeritrade sez HUI down 97.5 %
No Matter What The Fed Does, It’s Bullish, Right?
So, exactly “when” are Fed actions are “not bullish?”
I would suggest now.
As I noted in this past weekend’s missive:
“Lower rates have less impact on the ‘economy,’when the monetary transmission system is weak. This is evident from the fact that surging asset prices have left 80% of the population behind in terms of higher levels of prosperity. This also is why tax cuts failed to work as intended. After a decade of low rates, and excess liquidity, the ability to ‘pull-forward’ demand has become limited.”
While, in the short-term, it may seem that whatever the Fed does is “bullish,” as the performance of the stock market since 2009 would seem to support, it has been a function unbridled fiscal largesse. As shown in the chart below, the Fed’s actions have been supported by a massive amount of Government spending as noted last week:
https://www.zerohedge.com/news/2019-08-05/no-matter-what-fed-does-its-bullish-right
Gold’s at a new high for the day and for many years, ain’t it? What’s is so significant is that gold is NOT crashing with
stocks-[as I have long maintained they wouldn’t like in 2008]…
Gold is $27 off the overnite lows…silver has come a long way too. but should be up 30 to 50 cent before the day ends.
Maddog–pension funds forced into stocks makes sense…
This makes me so Proud
Signs Go Up In London Telling People Not To Sh*t In The Streets
https://www.zerohedge.com/news/2019-08-03/signs-go-london-telling-people-not-sht-streets
All my new friends…so glad they could come!!!!!!!!
R640
Re CAC
Probably pension money that has to go in . Pension funds very restricted theses day in EU as to what they can do, they basically have to buy Gov bonds and other good quality ones and SM only.
The EU has been quite smart about forcing money into the mkts, to prop there crap system up.
Oro–I doubt this will have much affect=Monday Aug-05 ISM Non-Mfg Index report
ISM Non-Manufacturing PMI may disappoint and weigh on the dollar – FXStreet Surprise Index
- The US ISM Non-Manufacturing PMI is a critical leading indicator.
- FXStreet’s Surprise Index points to a downside surprise.
- The US dollar may lose ground on the news.
Will the Federal Reserve cut interest rates in September? That is the main question currency traders are asking and the answer – as the Fed puts it – depends on the data. As the central bank tries to gauge future developments, ISM’s forward-looking Purchasing Managers’ Index for the services sector – America’s largest – is a critical figure.
FXStreet Surprise Index quantifies, in terms of standard deviations of data surprises (actual releases vs. survey median), the extent to which economic indicators exceed or fall short of consensus estimates.
Richard640 @ 7:57 on August 5, 2019
SAME HUI ……bad quote from TDAMERITRADE …OR WAS IT ? possible an OMEN of the Future !
The HUI is acting screwy again–someone mentioned this last week–it must be an error–this is from Yahoo
Add to watchlist
8,728.66+8,518.91 (+4,061.38%)
At close: August 2 5:45PM EDT
Richard640 @ 5:40 on August 5, 2019 YES … Plunge Protection Team in Chaos
Suppression of the $VIX was a method for putting a lid on volatility !
Simon Potter was either fired or resigned and took with him Richard Dzina that ran the Trading Desk ..
These guys propped up the S&P for ten years ,weather thats good or bad ,that’s debatable
John Williams run it now ! and the $VIX is acting very Frisky ! (4 year chart of $VIX )Trajectory its headed for 33.85 !
Maddog–so true! That’s why gold rallies are so labored and ragged…until u. get that parabolic run like. in 1979-80 and 2011
But the. action is solid so far…Dec gold. at. 1471.30…what’s good…and a relief…is that they can’t reverse technicsl breaskouts for now…they. tried on Friday but a stunning comeback took place [a eu lieu].
Maddog–what. amazes me is left of left socialist-basket-case France’s CAC is only down 100…
$1500 this week?
A lot of shorts for the Crimex to cover – if they even have to.
USD finally down a bit, Ten yr. down to 1.768%, SM in trouble
What could go wrong??
R640
Just had a classic….Gold popped to 62 plus and then was knocked straight back 57.70 nor so…That is the reason Au cannot do what Bitshit and the SM do, they don’t have anyone sitting on them 24/7.
Until the scum are told to stand down, that will be the case….still the longer the mkt is rigged, we still have the xplosion phase to come, when they find out that GDL is all paper as is SLV etc.
Maddog–P.S.–I just checked JNUG–up. 6%–GDX–WPM–and all the. others I monitor are all sporting nice gains…of. course…on thin volume.
https://www.cnbc.com/quotes/?symbol=JNUG&qsearchterm=
That’s a good sign
Stocks are now. bouncing because of the usual bargain hunters–the DOW’s about 80. pts off its low…this could continue…then stocks could drop and close at a new low…
Despite all my grumbling…seeing gold bounce $22 of. its low is a helluva lot better than the pre-rally coma action. we. had to endure…so here’s a big ole BOOYAH! for. the Gipper…gold now up $12…I’m loving its resilience…
Maddog–Yes, The 1% rule is in effect…what bothers me is that almost all big days for gold must
have an “event” for them to happen–today it is world stock mkts and. the yuan plunging…yet stocks or Bitcoin can just go up almost daily for 6 months or. a. year…
that ssid….gold is $22 off last nites [really. 5:15 pm Friday]. low and. silver. is. a big 34 cent. off. the low.
But. the New. York FED desk is on the job=I. just noticed gold ticked up to +$13.50….then 10 or 15 seconds later. it was up 11:80…bu. buyers. are fighting…then. it. ticked to up 12.50…ans BAM! now. up 11.20. etc etc…the. usual crap…
the only. question: like on Friday will the NY FED trading desk–with their 300 to 500. traders. be all over the PM etfs. and stocks??
ALSO OF NOTE=. the CAC, incredibly, is only down 98 and the DAX down just 157…so U.S. stocks may have seen. their low prints for the. day…gold won’t totally reverse but could end up just a few dollars…
https://www.worldcoinindex.com
http://futures.tradingcharts.com/marketquotes/GC_.html
http://futures.tradingcharts.com/marketquotes/SI_.html
