Loading ...We should get something like that when all the offside generalists panic into the sector. (they have gone to sleep on PM’s after years of conditioning)
The 30 year mean of overall asset allocation in PM’s is approximately 2.5%. Right now it’s about .5%. So at some point we should see a cycle develop including the knucklehead momentum chasers at the end. This will take at least 2 years.
And if it goes big, like in 1980, where the aggregate participation rate hit 8% in PM’s … do the math.
Cheers
End of the month isn’t bad. After waiting as long as we have a couple of weeks will seem like a breeze. 🙂
I’m hoping we get the big 79-80′ type run up this time around.
Democrats (woman and girly men) are a’holes. Unfortunately they out number the practical smart people, 75% to 25% and were the dominant force since the 1960s. Until their various stupid ideas caught up to them and the whole global system crashed in 2008. Everything changed after that.
What led to 2008? Before 2008? Year 2000 Y2K, the March 2000 Dot com bust, the following recession, and then 9/11/01 during that recession, actually threw the bankers off stride.
Forced to lower rates and give house loans with no money down. To avoid terrorists getting satisfaction for crashing our economy. So the crash was delayed to 2008. And they are having problems ever since.
I know it’s aggravating…no?
PM’s should be flying but because stocks are up … who the hell needs gold.
Don’t worry….that will change soon enough…before month end.
Cheers
Mining’s Bootstrapper
Chester Millar is the founder of several multi-billion-dollar gold producers including Glamis Gold (bought by Goldcorp), Alamos Gold and Eldorado Gold. He was inducted into the Canadian Mining Hall of Fame in 2008. The 88 year old mine developer credits luck, experience and a simple strategy for his success.
https://ceo.ca/@tommy/mining-legend-chester-millars-formula-for-success
As you say, Hi fives for the scum on a job well done.
It appears the shares are sniffing out that pm’s are going pretty much nowhere today, especially the silver shares.
Too bad. We have the wind at our back with rates and the USD falling as opposed to yesterday.
waaaaaaay back from overnite lows–actually they erased most of the post FED sell off and that. is impressive–traders and money managers still WANT gold but the Cartel has over powered them for now–
Trannies are down [82] again today–quad witch. is friday….all the stock indexes are near new highs…this is the time of the year for stock corrections/crashes…stocks just won’t stay down….
Are we gold bulls running on the fumes of the rally that topped 6 weeks ago?–in 1980–2011 and 2016 bugs were running on the fumes of those rallies for months and years–going long…imagining the glory days weren’t over…I think about that sometimes…Nah! That. can’t be. right…
Looks like G&S may. have. topped for the day…?? But the HUI is. up 3 pts…
I’d say it Hi fives all over the scum office, as the SM is now back above Friday night levels, ….for a very good job done…Saudi never happened !!!!
As for the Repo mkt……that they’ll just ignore…or try to.
No worries in the markets – all is fine.
Fed is doing QE, they just don’t admit it.
Yields on the 10 yr. falling again this am – 1.75% from 1.79% yesterday.
You are right goldielocks; it is complicated. The West was indirectly responsible for the overthrow of the Shah, since the UK/US supported a coup that overthrew Mosaddeq’s democratically elected government to bring the Shah into power.
If you are interested, here are some informative links:
Prime Minister Mohammad Mosaddeq
About the money:
Doesn’t appear gold or the SM is convinced with the Fed’s action yesterday.
Big Repo in about 40 minutes, I’m sure ZH will be all over it.
That whole thing was complicated. Once when we were in friendlier terms with Iran, they were paying for equipment also involved in a rebellion. Did that rebellion go into the wrong hands when we had radical Muslims objecting against westernization and freedom of women not to have to wear hijab s. The Shaw was overthrown. We’re we ” western countries” indirectly responsible for that?
Back to religious ideology they are named after. Then the hostage issue they were no longer on friendly terms. The millions had supposedly grew over a billion in interest.
How did they come to that conclusion and doubt they ever put that money in a interest bearing trust.
Under the circumstances no matter, what is the definition of aiding and abetting the enemy.
Yep me too.
I was wondering about that when I heard people were demanding BiBi to do more about terrorism and accusing him of being too soft. Things always tend to swing too far one way or another. If Iran gets in it too Lieberman may get more than he asked for.
Wow. God help us all.
Can only hope that someone grants the US the wisdom to stay out of the warmonger’s fray.
Gold is currently taking a breather after one of its largest rallies in decades. As I write this, the precious metal is consolidating around support in the $1,500-$1,520 range per ounce. 
The question now is what comes next?
For that let’s turn to the long-term charts.
Gold has been forming a massive triangle pattern over the last 15 years.
I remind you that the Valukis Report disclosed that Lehman, about a month before it blew up, did exactly this with a tri-party Repo with Citibank at the NY Fed. They attempted to present collateral, were told to **** off by Citi which didn’t like their collateral, were asked what else they had and their response was NOTHING.
From that INSTANT forward both The NY Fed AND Citibank KNEW, at a matter of fact, that Lehman was insolvent. It did not have good collateral sufficient to back it’s ordinary OVERNIGHT liquidity requirements! Yet that FACT was not disclosed to the general investing public and NOTHING was done about it either, despite that factual knowledge — until Lehman finally collapsed. Well, except for all those who I presume WERE trading on that information.
These Repo transactions are ordinary, every-day commercial balancing transactions — they take place to balance the reserves and free cash among financial institutions in the ordinary course of business. They normally trade right near or at the overnight FFR because the collateral posted consists of either government or agency securities, the term is typically one day and thus the risk is very nearly zero, and the reason they’re undertaken is that funds move from place to place in ordinary commerce and financial institutions must maintain their cash liquidity levels at mandated amounts.
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