Loading ...The rig is alive and well….check the Hui/Au ratio…..it’s getting crushed, in a continuation of Fridays sell off. as if the Au rally never happened….
They just took PAAS and SSRM to unch, with Ag up 1.6 % and now PAAS is down on the day…..unlimited Vol, in a thin mkt, with the regulators looking the other way….
“target of $1600 could get hit pretty quickly”
LOL Maybe this week or tomorrow! 🙂
PM shares seem to be participating better today.
“looks like it wants to go to $1700.” Buy AEM
No Tesla dropped to the 20 s then within a short time jumped to 100s then steadily moved up until he wanted to go private then it jumped up to and selling point then went down with all the hoopla over it then moved up like it was then now a bit higher past the 400 s last I looked.
I like the idea of him fixing roads. More than what the DMV is doing after taking billions from people.
Yeah, I know Trump wants them to pay for the Baghdad airport too, and has threatened sanctions. Just a lot of bluster for now I think. Everything depends on the Iranian response. If they cool their jets, things might just die down a bit. They seem to have really been caught off guard. Clusterfork is right though.
Goldman’s target of $1600 could get hit pretty quickly, especially if the SM is using war as an excuse to sell off.
That would be a groovy event. 🙂
Don’t know what it is about the Yen and gold but up together. Hope it isn’t going to cause deflation concerns for them and how much pull do they have with gold following or is it a coincidence?
Dow candle yesterday was bearish short term followed threw today.
I knew what the car was years before others. zzzzz. dismissed but not to be forgotten. Telsa’s up an easy 10 bagger since then. When Tesla was in the 20’s that wasn’t 1920’s. You probably confused the carmaker with one of those electric lawnmowers with a cord in the 20’s
Lol I remember when you would preach you would never buy anything but gold because anything else wasn’t real money before the crash. Now your toting Tesla at the 400s. I was looking at it at 20 lol
Vote! Vote!
But only what it does not what’s going wrong so much.
(Reuters) – Goldman Sachs on Monday maintained its three-, six- and 12-month forecast for gold at $1,600 per ounce, contending safe-haven bullion to be a better hedge than oil during phases of geopolitical uncertainty.
“The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices,” the Wall Street bank said in a note, adding under most outcomes gold is likely to rally beyond the current levels.
I have learned through time I can trade better if I filter out the noise because it just confuses me lol
Armstrong mentioned as I read a couple of his post after I posted here initially that people as far as Fed and repo don’t know what they’re doing in short although don’t know exactly whom he was referring.
Then read it in your link. Loosen QE which Armstrong mentions with jobs like that in the 60s in short why the H are they bringing up QE?
The free market is calling for higher interest rates.
Now we have Iran that had had too much free rein after Obama preaching death to America then gets its strategic leader sent to see his virgins is going to have to save face and start stuff which will again be retaliated.
Did you here Iran put a bounty on his head. Then we got people saying it’s destabilizing the ME. Since when was it stable when there had terrorist like that free to move about anyways.
Then that so called comedian Lopez using a immigrant joke he’ll do it for half.
Hum, what do you call a Mexican who can’t assimilate? A Mexican’t. What has Lopez and a vending machine have in common? They both take your money but don’t work.
I tweaked the last joke from another one.
We shouldn’t look at obvious but other acts of terrorism like cyber warfare power structures whatever.
With Armstrong’s ECM guess he’s saying if it peaks while the ECM “ equities??? Moving up it might not be good for gold.
Just guessing.
You could watch war stocks as a indicator if the insiders think things are going to get worse for awhile.
Still this other market, bonds, banks, interest rates etc. with the repo that’s spreading globally. Is your money going to be safe in the bank?
Looks like we’re not going to get out of Iraq so easily. Trump wants Iraq to pay for the cost of building American bases there.
What a clusterfuc*!
Go buy one of those 8 ball shakey toys that gives answers and it’s right more than him
Yeah maybe Hollywood would but it’s the banks and the Fed “ again.”
Here’s Armstrong’s post on gold but am a bit confused with some of it because the opposite was going on and were not that dependent on oil either. Oil only went to 63 and seems a normal pattern of bouncing off the low always trying to get to at least 70 or what M East and no big spikes with current events.
Currently, our system resistance has stood at 1585 followed by 1620 with technical resistance in the 1575-1595 level. We most certainly have to be concerned if gold peaks with the ECM. This will not be a good omen and I agree it is reminiscent of the pattern of 1980. The interest rates the exploded and peaked in May 1981 with the top of the ECM back then.
Looks like we’ve managed to hold most our gains from last night, go figure.
Goldie – maybe Armstrong is onto something? If they need someone to blame they’ll just blame Trump. They blame him for everything else that happens anyway.
Be interesting to see if we hold our gains all day.
Has something on gold you can find on his blog I just read but more concerned about the repo market. It sounds serious and so serious he doesn’t want people in the know talking about it because the ones responsible “ the usual responsible” will need someone to blame.
I think we need to read into this as best as we can because how are we going to protect ourselves if we don’t know the consequences if this is the mother of all crisis coming. Are we in for more bank problems like 08?
IM guessing your figuring gold is dead. Or did I read you wrong. Actually as long as it still holds value it’s not dead.
When was it lost for you?
I’m still keeping a eye on that retrace though although these are different times.
