Loading ...Could be as it “ should” have a way to go but better to have stop loses in place
If your in. Meanwhile the ETFs work on stealing more of your money with their predictable reverse splits which doesn’t help the sector.
Richard 19:54
Thanks deer79–I missed. that…something’s cookin…
Gold. ignores. it. for. now, eh…It. doesn’t matter till it. does….
THERE ARE TOO. MANY VERY GOOD LOOKING H&S. FORMATIONS IN THE PM ETFS AND STOCKS
What. everyone knows. and sees isn’t worth knowing…after. 3. months of. correction gold. is. still. hanging round. the 1500 level…with. no. print. below 1450. or 1400…not. to. mention. 1350. retest…I am. getting. back to. being. bullish…
H&S. tops are. just. “hooks”. to keep the bulls. on the sidelines
deer79 – Ha!
What is The Fed not telling us?
Uh, that they’ll keep gold and silver as low as they can for as long as they can?
Richard640
And late in the day the Fed announced they were going to dramatically increase POMO. PM’s shrugged it off but of course stocks surged……
$120 billion of liquidity per day?! What is The Fed not telling us?
Got. gold? Central bankers are moving into a panic mode. I thought this was going to be more gradual… all of a sudden, the signs are there that this is a panic.”
Looks like Hemke’s prediction has come true because the Federal Reserve is printing billions in cash in the Repo market every week. Hemke explains, “At the last Fed meeting in September, we were told that the Fed was ‘neutral’ right now, and they were just going to be ‘data dependent’ and everything is fine…”
“Just three weeks later, (Fed Head) Powell is out there saying we are going to have to restart buying T-Bills, and these repo facilities we have set up are going to become a permanent thing.Wait, whoa, what happened here? Just three weeks ago, you said everything was fine. These repo facilities they have set up are basically like a Fed pawn shop where banks can come to the Fed and say here are some Treasury bonds… we are going to give you these Treasury bonds and you are going to give us some cash.We thought this was temporary back at the end of September, and now it’s a permanent deal. Every single day, banks are showing up at this Fed window demanding dollars. Powell has also said don’t you dare call this quantitative easing, and the Fed is going to start monetizing $60 billion in U.S. debt every single month through June. . . . That’s over $500 billion in debt they are going to monetize, but don’t call it QE…The point is the central bankers are moving into a panic mode. I thought this was going to be more gradual… all of a sudden, the signs are there that this is a panic.”
The demand for all the massive amount of money from the central banks and the Fed leads to a crisis of confidence in their ability to keep things going. Why would you not want gold and silver? There is a global awakening to that, and that is why prices have hit new all-time highs in 70 currencies around the globe, and we will see new all-time highs in dollar terms, too, next year.”
https://www.zerohedge.com/markets/hemke-pawn-shop-repo-market-signals-fed-panic-mode
Most Chilean mines disrupted as Codelco workers join in country-wide strike
Unionized workers at Chile’s Codelco, the world’s largest copper miner, joined Wednesday thousands engaged in strike actions nation-wide, which have quickly degenerated into widespread violence, leaving at least 15 dead, over 1,600 in detention and seen six major cities under a state of emergency.
Most Chilean mines disrupted as Codelco workers join in country-wide strike
GLD
Looks like $141 is the line in the sand early today. Sure would like to see us close above $1500 this week and never look back. We’ve been flat lining for the entire month of October which is odd to me given the level of futures activity.
Still the shares, especially the juniors are in danger of severe tax loss selling and look like crapola.
A close above $1500 is a pipe dream, but hey it’s all mine. 🙂
Here’s one of my losers with pretty good results, located in BC’s Golden Triangle.
I just keep throwing more mud at the wall and one of these days some of it is gonna stick. If gold and silver hit my target of $3600/$120 by May 2021 this one may actually be worth something. At least they are actively trying, and not just moose pasture. FWIW. All the best from Silverngold
Gold Train
The Western Pacific streamliners that
pulled the last leg of the California Zephyr.
https://railpictures.net/photo/710072/