Loading ...Commercials did some covering – Go figure.
https://cftc.gov/dea/futures/deacmxlf.htm
Saw bonds, SM and the dollar selloff in tandem today. A bit of a head scratcher that yields were rising on weak eco reports.
ororeef
gush has a half brother named gasl. same deal with a basket of nat. gas related stocks. it looks like a bottom @ 5.70 a few minutes ago. i picked up some @ 5.77
GUSH
The Low is here ! just my opinion ….I dont give advice …its your money…
Ororeef
You may be a little early on the GUSH. I’m waiting on a move above the 20 day moving average. Should be close to a low here.
rno
ta da
Buy GUSH for a bounce !
@ipso facto re real gold standard means end of US dollar dominance
That sounds good for the USA in general. Another major reversal if we ever see it happen. Because the so called alleged dominance caused lower living standards after 1971, when they de-pegged the gold backing.
I feel the “dominance” was somewhat mandated, to shut down US production, move them off shore and bring in the imports of people and products. Before the gold backing at $35 from 1934, was removed, the foreign countries redeemed half our Gold supply by 1971. What a sucker the USA was.
We stop them from taking gold at $35 when it was worth $140, so after that, 1971 they absorbed our industries. By the way, on this day in 1970 the US Gov’t created the Environmental Protection Agency. Now take a guess why they created it??? To over ride the future loss (after ’71) of wealth producing jobs, and replace with wealth absorbing service jobs.
Nothing matters anymore. Natural trends are in motion.
Check out this talk between Paul Tudor Jones and Ray Dalio
what they see coming is terrifying…..and PM’s are the only safe place.
No wonder Hong Kongers don’t want to be part of China
Watch: Chinese Man Interrogated For Criticizing Police On Social Media
Well shux
This almost looks like follow thru.
Love what NEM is doing!
Maddog … This should help NEM a bit.
Newmont Commits to Sale of Stake in Continental Gold to Generate $260 Million in Cash Proceeds
https://ceo.ca/@businesswire/newmont-commits-to-sale-of-stake-in-continental-gold
Maddog @ 10:00
“NEM” I’m grokking.
ISM numbers bound to help us. Dow getting a head of steam on the downside now.
My PM stocks looking like crap so far. Bigger issues doing better.
ISM comes in at 48.1 vs 49.4 est.
per bubblevision
ipsofacto
I bet the vol today will massive, loads of really bullish news and the scum are selling everything.
No wonder the like of Dalio Tudor Jones are getting so nervous.
Maddog
The scum sure don’t have any trouble scaring up fiat for their nefarious purposes. Someday reality ….
ipsofacto
Re Nem
looks like the scum already naked sold them the $ 1 billion and offered them any amount more, at a discount.
Could be a bigger premium ………… My Sweetie will make some scratch on this
China’s Zijin Mining to buy Canada’s Continental Gold for about $1 bln
BEIJING, Dec 2 (Reuters) – Zijin Mining Group Co Ltd , one of China’s biggest gold miners, has agreed to buy Canadian miner Continental Gold Inc for C$1.33 billion ($999.92 million), saying the purchase would increase its gold reserves and boost cash flow as well as profit.
Zijin will pay C$5.50 per share in cash for Continental, a premium of about 13% to the Canadian company’s closing price on Friday, as it aims to secure Continental Gold’s flagship Buriticá gold project, the Chinese company said in a filing to the Shanghai Stock Exchange.
more https://finance.yahoo.com/news/1-chinas-zijin-mining-buy-125112779.html
No wonder they are sitting on PM’s so hard today….
The Fed is going to abandon the 2 % inflation tgt and let it rip…..this is why the Dollar is sinking today and why Bonds are cratering…..so printing money and no upper inflation limit…..Gold shud be exploding here.
Federal Reserve Proposes New Rule To Let Inflation Run Hot Ahead Of Next Recession
Captain Hook @ 9:08
I’m hoping for Mad Max lite instead of MAD MAX MAXIMUM!
Cheers
ipso facto @ 8:47 & Maddog
100% agree on both counts.
Cheers
Buygold CaptainHook
Seems the news is filtering through, but of course PM’s were way lower than needed to be and now the Dollar is going south, as well as the SM.
HK is falling apart, Trade row’s growing and demand at Fed window is massive……these are all serious problems.
China First Capital Continues Epic Crash In Hong Kong As Chairman Offloads More Shares
U can bet most of the HK mkt is hypothocated, mny times over.