and how is his record

added

seems about 50% somewhat good but not good enough for real money

Dennis Gartman…

Turning to gold and the precious metals, they attempted to rally Wednesday of last week following the FOMC’s meeting end but that rally attempt failed. But neither had gold weakened materially and as we said here on Thursday and then again on Friday, the longer gold held at or near to $1500-$1505/oz, the more impressed we were and shall be. It was and we are.

Further, Friday’s action was really quite impressive for two reasons. Firstly, it was impressive in light of the weakness in the EUR for on balance a week EUR shall beget weaker gold prices and clearly that was not happening. Secondly, it was Friday and for the past several years that alone has been inordinately “problematic” for gold. The fact that gold had made it through the Asian trading session and had made it into the early European session without weakening had our interest, therefore.

We’d rather publicly exited half or our multi-year long holding position in gold very early last week when gold did not skyrocket on the Saudi/Abqaiq/Khurais news but we did keep the other half for we had to be reminded that “After all, this is a bull market.” And so we said… in heavily underlined fashion so that no one could or would miss what we had said… If gold does make it through the North American session intact, we shall be very impressed and will be forced into re-buying that which we had sold. If we have to pay a few dollars and a few EURs higher than where we sold half of the position last week, we shall consider that as an insurance cost to have insured the veracity of this very long-term trade. It did and we did and as we write gold is trading firmly, thus vindicating our decision. Now we have to decide when to add to the trade yet again.

American Powerhouse

https://nationalinterest.org/blog/buzz/attacks-saudi-oil-–-why-didn’t-prices-go-crazy-82811

“A close above $18.32 would be extremely bullish.”

well, we got that with thirty cents to spare.

LAISSEZ ROULER LES BON TEMPS !!!!

my point was not that this might not be it

but just not too bet too much and also take some profits along the way

i have always believed pms would rule but fortunately had the sense to bail most when turned ugly

still i hope this is it

Welcome back.

I’m glad you’re back and glad you’re cautious.

found this on my music why there?

anyway into it for tonight

opinions augirl?

avi giburt on metals markets being controlled (but only at the fringes)

as a minimum i see this as an abc which means we should expect to see at least the 2016 gain going forward in whatever pm chart you are looking at

i have set sells at that number on some of my imo weaker stocks

although today they did better than my thought to be by me stronger stocks

anyway that is where i am now

i hope i become convinced this is the big one but pardon me for being cautious

aurum

just to be clear

she is a smart confident lady which are traits that i admire

i have been mostly happily married to the same <a similar> smart confident lady for over 50 years

augirl reminds me of my daughter who is confident and opinionated and too often right

America’s Gray-Zone Offensive Against Iran Could Turn Into War

Getting into a fight may not be wise, but some sort of military clash between the United States and Iran appears increasingly likely. If fight we must, let’s at least stride—not stumble—onto the battleground.

https://nationalinterest.org/blog/middle-east-watch/america’s-gray-zone-offensive-against-iran-could-turn-war-82841

i always signed my posts with aurum so i could do a search and see what i posted that turned out to be stupid or in this case wise

anyway search your response and you will see the silver idea

actuallly a lot of the credit goes to  winedoc as he emailed and got me to looking at charts as you might say out of retirement

i am surprised you still try to correlate markets

each market is on its own course and correlation is coincidence

when augirl comes back since we are in a bull pm market at least for a few weeks i will post more

especially since my tastes in music have changed

didnt i do you a favor a few months ago saying silver?

The stock market appears to be rolling over after not being able to take out old highs. Some have a triple top. If the indices are unable to make a fourth run, look out below. If they do make another run up, a new high is probable and PM falls.

rno

RNO – The thing about silver and the metals in general is that no one seems to know why they are rising in the first place, so the guru’s are all expecting a correction based on charts? The latest correction relieved the oversold condition, your remarks about other commodities potentially rising with something bubbling underneath the surface seems more palatable. I guess we’ll see if the “bitch” silver goes right back down again tomorrow. Today was a surprise, I don’t think anyone has a clue what will happen tomorrow.

Maddog – NEM is the only thing holding the HUI back from an explosion. Probably thing only thing keep those predicting a correction keeping them in the game. We’ll see what happens. Talk about a beach ball being held under water….

Silver popped through it’s last resistance until the old top. Beware, silver is the bitch of the metal market. Gold is at the last resistance point.

some of the talking heads are looking for a bear market in PM. A good close in gold tomorrow will negate the possible H&S top and push to new highs. I have no idea where the shorts will cover, but they have to be getting nervous.

The grain markets have turned up after a long bear market so the entire commodity sector may have a rally while stocks languish. Wheat, which is the bitch of the grain market, should do a seasonal run up. Corn and beans are watching for a frost.

Seems to be some under current in the markets. The Comex open interest in the morning should give us a clue.

Perhaps because Iran didn’t do it!
PS your link not working.

rising into the close again.  i like it.

https://nationalinterest.org/feature/5-reasons-why-saudi-oil-attacks-won’t-lead-war-iran-82096

Sri been out and about,……no new ideas on the Repo mkt…just like most others can’t tell if someone, or some people are in trouble, or is it all quarter end technical.

As for Bonds..I see them having reacting to the sudden rise we saw, that rise took 13 days and then we pulled back for 6 days…may well be that the correction, to the correction is over and we head on up twds 2 % plus in the 10’s .

I see Nem is under the cosh…so scum still super active. everyone is looking for a correction, as too many bulls around !!!!…like who….will they get it?????

https://www.debka.com/pro-iran-pmu-forces-take-over-iraqs-saudi-jordanian-borders-threaten-israel-from-the-east/

“NEM down for the day”

That is wild. I guess they don’t care if they’re seen with their thumb on the scale. At least most of the rest doing well today.

https://www.cnbc.com/2019/09/19/why-jim-cramer-thinks-its-time-to-sell-some-of-your-oil-stocks.html