Re No’s

They could have said the No’s are delayed, or not gonna be announced ever and that would still have been Dollar, SM Bullish and PM Bearish!!!!!!

It was a trifecta of “Better than Expected”

Q3 GDP final from 1.9 to 2.1%

Durable Goods 0.6% vs -1% est.

Consumer spending up

Be wary of the short trading day on Friday for pm’s and shares, they like to crush us on no volume.

I’ve never even heard of Ole Hansen, I guess that’s why. 🙂

He shouldn’t worry about finding a surplus of paper players to help destroy the market.

Silver Zephyr and a snowy mountain climb
https://railpictures.net/photo/711698/

That junction is on the “EL”, or Elevated commuter trains (Subway above) that serves the “L” or Loop district in downtown Chicago.  As you can tell from the tight turns, these commuter cars are specially built for this service.  A normal passenger train could not make these curves.

That’s a cool shot.  I wonder if I have been through that junction; took a few trains to Chicago in my life.

I don’t think I trust Ole much. 😉

Ole Hansen, for his line “With physical demand slowing it remains up to the banks and “paper” investors to provide the support for prices to move higher”

Line is from King World News current item titled ‘The Gold Market Needs a December Surprise’. Astounding. Where do you get such insights, Ole? Way to go, King World News !

To me it should mean a new Dollar Yuan peg rig. Instead of the 40 year old slightly flexible $1 to 7 Yuan, it should be $1 to 2 Yuan. To make imports too expensive and our exports or products a lot cheaper. On top of that China needs to raise their domestic corporate tax rate to 35%.

Those two things together, domestic China businesses would have two choices. Go bankrupt or move off shore to the USA. That is what happened to the USA 40 some years ago. China also needs very strict air and water pollution laws to drive businesses away from China. The USA has to and seems to, be easing up on those regulations.

When all this pro China pro big business give away started 45 years ago, nobody told us anything about a “trade war” starting, and that we were “programmed” to lose it. Thank God for the 2008 financial crash.

Most of our prosperity lately is more psychological than real. Low interest rate Real estate gains, and stock market gains, and many many tax payer funded, and environment funded fake jobs.

Glad to hear the TA is looking positive for us. As you say would be nicer without the fiat monkeys deluging us with paper every time we lift our heads up.

and one time it will be different

PS Looking forward to 2020!

If we end the month @ here, then we will have done a nice A-B-C hesitation, for a 4th wave down in Gold, time and price would then allow another run higher for a 5th wave.

But will the scum allow it and we have the problem of the massive scum short in the CoT’s….but TA is looking good.

BRUSSELS (Reuters) – Turkey is refusing to back a NATO defense plan for the Baltics and Poland until the alliance offers Ankara more political support for its fight against Kurdish YPG militia in northern Syria, four senior alliance sources said.

https://www.reuters.com/article/us-nato-summit-turkey-exclusive/exclusive-turkey-holds-up-nato-military-plans-over-syria-dispute-sources-idUSKBN1Y01W0

https://ceo.ca/@nasdaq/white-gold-corp-makes-new-high-grade-gold-discovery-f58e9

Nov 26 (Reuters) – Australia’s Evolution Mining Ltd on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for $375 million in cash.

Evolution also agreed to pay an additional $100 million upon new resource discovery at the mine.

“Red Lake is an under-capitalised asset which, through a committed investment in development and exploration, is intended to become a cornerstone asset in the Evolution portfolio,” said Jake Klein, Evolution’s executive chairman.

Newmont said in a statement that the sale was part of its efforts to streamline its asset base.

https://finance.yahoo.com/news/1-australias-evolution-mining-buy-225624307.html

“Fruit Of The Poisonous Tree” – FISA Alterations Could Pose Significant Trouble For FBI

“Based on what we know, Clinesmith’s tampering of documents appears to have been significant enough to have played a role in the FISA courts decision to grant a warrant to spy on an American, maybe more than one American,” said a U.S. official, who spoke on condition of anonymity due to the sensitivity of the matter.

“There is concern among the FBI that all the evidence will come into question, as it should – particularly the case of the ‘fruit of the poisonous tree’ that the evidence itself is tainted – if that’s true than anything gained from that evidence might also be tainted. This could be a problem for anyone who approved the FISA as well.”

https://www.zerohedge.com/political/fruit-poisonous-tree-fisa-alterations-could-pose-significant-trouble-fbi

One of the busiest railroad junctions in the world
in the heart of the Chicago loop.
https://railpictures.net/photo/711554/

My- your re “problem will not be solved until men will take more responsibility” The problem is woman simply look too damn good. You know, attractive to men. They say it takes two to tango. ?

That’s my point. Lol

The volume put/call ratios are meaningless. The only ratios that have mattered on a sustainable basis have been the open interest ratios on the SPX, with values still above 2, meaning twice as many puts as calls are open.

For this reason, as long as they continue to print money, the rigged casino that is the stock market, will see higher values due to the perpetual short squeeze.

This supports the hypothesis we see a crack up boom as opposed to a deflation as it’s all just a ponzi based video game at this point, with the machines in control and squeezing the put buyers.

Higher interest rates could change things but yields are set to cycle lower in coming months.

Cheers

With a big kick down the stairs from the CEO.

Not to be outdone by the stock market’s run to new records, a number of options indicators have lately been exploring new milestones of their own. After its recent peak above 1.00, the Options Clearing Corporation (OCC) all-exchange, equity-only 10-day option volume put/call ratio has swung to yet another extreme — this time, on the low end of the spectrum. The ratio checked in at 0.73 on Nov. 15, hitting its lowest point since late September 2018.

At the same time, the OCC all-exchange, all-volume 10-day put/call volume ratio has also been plummeting. This metric matched its equity-only counterpart’s aforementioned low with a 0.757 nadir — and in fact, both of these put/call ratios have since remained below 0.80 for at least 10 consecutive days, an occurrence which last took place in November 2017.

Taken together, the sharp, simultaneous skid lower in these two put/call ratios point to a sudden shift away from puts and toward calls — and from a sentiment perspective, that’s signaling potential giddiness in the options market.

https://www.schaeffersresearch.com/content/bgs/2019/11/25/bulls-face-a-bearish-barrier-in-the-options-market

Kirkland seems to be a pretty good stock. These bigger buyers seem to always go down when they buy while what they’re buying goes up, but keep a eye on it and how well they manage their buy. Any drop could be a buying op depending on when by the sector.

Boy lucky me. I sold what little I had, 100 shares, on Nov 21st. That drop would really piss me off. I’ll watch it, and Gold a while and probably buy back in.

Its still up over 500% from the bottom early 2017.

P.S. sold HMY too that day, and bought some platinum SBGL and Cannabis TGODF and ACB with the cash.