but the percentage moves are tame, so far,…..as are the PM shares and of course Silver is still within a couple of trades of going sub $ 18.00….no panic yet.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=drip&x=0&y=0&time=18&startdate=1%2F4%2F1999&enddate=1%2F24%2F2020&freq=7&compidx=aaaaa%3A0&comptemptext=gasx&comp=gasx&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

gas&oil share bear funds have been shining this week.

U.S. Shale Patch Sees Huge Jump In Bankruptcies

Following the sharp re-drop in oil and natural gas prices in late 2018, bankruptcy filings in the US by already weakened exploration and production companies , oilfield services companies, and “midstream” companies (they gather, transport, process, or store oil and natural gas) jumped by 51% in 2019, to 65 filings, according to data compiled by law firm Haynes and Boone. This brought the total of the Great American Shale Oil & Gas Bust since 2015 in these three sectors to 402 bankruptcy filings.

The debt involved in these bankruptcies in 2019 doubled from 2018 to $35 billion. This pushed the total debt listed in these bankruptcy filings since 2015 to $207 billion. The chart below shows the cumulative total debt involved in these bankruptcies since 2015.

https://www.zerohedge.com/health/time-im-petrified-virologist-who-helped-discover-sars-offers-chilling-take-coronavirus

Bears are sooooooooo traumatised by the relentless 10 yr bull run that even the most diehard ones dare not call for anything mor than a 3 to 5 percent correction…not to mention in polite company the DREAD 10 %er…if one mentions a crash or a 50% drop they run the risk of being commited to a psychiatric  hospital…

That said…no need to start waving Pom-Poms…let’s see if we can close the day without the customary “hidden hand” coing in and buying everything in sight

to actually print red for more than 15 seconds…aslo a few pundits have been mentioning a loss of momentum…but really, everything was just coming to a head like a puss filled boil…all the record stuff–historic low VOL–historic over valuation…and also history has had a few corrections in Jan/FEB…also a few other pundits I follow–lke Armstrong hasvestrong turn days around Jan 16 th or so….so why not take a stab for “small” coin?

So far so good but I ain’t opening any Champagne bottles yet

************************************************************************

I know there could be a $50K or $100K trade out there IF we get a VOL-explosion…especially with the historic bullish sentiment and historic low volatility…and, for 1000 or 2000 bucks  a trade…I don’t mind taking stabs at trying to catch it–besides it keeps my mind off of me slowly sinking below the horizon and my winding sheet neatly folded and moth balled in the cedar chest…

In those days inflation didn’t happen over night or in a few years. By the time you went in high school and got out the cost of living didn’t double or triple.
Nor did parents have to pay up to 1000 for medical insurance or say medical insurance didn’t take up that much of your salary or income.
It’s moving too fast and can’t move anymore without breaking society. It already is and people don’t take anymore. It will lead straight to socialism or civil unrest.

You write well for having Dyslexia.
I started studying it by accident as a young nurse. Because hospitals were heavy on forceps in delivery causing trauma to the head I went to the library’s and started reading up on injuries specifically if I could find them on forceps. From there learning about dyslexia which was one of them including attention deficit disorders, hyperactivity and more I could see one big factor amongst others like the increase in vaccines. They didn’t teach that in schools. They knew forceps were harming but used them anyways. It took along time before they started changing to something else and not used commonly like they used to and are supposed to now inform the parent.

You’ve been posting a lot of SM negative articles lately and making some short term long volatility bets that would mean you expect a pretty good market correction.

Besides the obvious, i.e. the SM being the most overvalued it’s ever been – even including 2000-01′, what makes you think it’s coming now? The action in bonds? Gold or other commodities? USD?

I’m not making an argument against. I’m just trying to understand why now and the nature of your short term, bets other than low cash risk.

just put in a “BUY” at above the Market where it will be “Printed” and seen by all ,just watch what happens  !

High of the day. Keep going you dirty b*stard, we’re looking for a palladium style move!

Glad to hear that everything turned out well for you! 🙂

I have really enjoyed these lefty discussions and learned a lot about some of the lifelong difficulties I’ve had. Dyslexia definitely put me at the bottom of the class in the 13 schools I attended from K through grade 12; having to “run the gauntlet” every year, and sometimes twice a year, as the “new kid in town”.  But all of my life experiences have made me the person I am…..and if I could go back and change any of it, I wouldn’t. Through my own efforts, strengths and weaknesses, successes and failures…..and tenacity ….. I have had the most enjoyable life I could ever have wished for. All my life experiences have been and always will be my Silverngold!

!st of all its on a Friday-with the weekend ahead for worrying–I love the strong up open and reversal–then the pre-open action in the t-note & 30 yrs bond..and gold stocks…also classic–the stick save of yesterdays 200 pt DOWN opening on the DOW…if we have a last hour close down a few hundred today that could set up a Monday mini [?] crash….or the NY FED could just come in today and reverse it all to the upside

FilledBuy to Open180VXX Jan 31 2020 16.0 CallLimit0.06—-09:40:48 01/24/20

FilledBuy to Open120VXX Jan 31 2020 16.0 CallLimit0.06—-09:40:48 01/24/20

$18 breached – 3rd time appears to be the charm today. SM is giving up the gains, there is a seller in the SM that appears to be trying to overwhelm the PPT – tall order though. Almost wonder if it’s the same buyer of pm future’s – but I digress – my optimism always has a tendency to betray me. 🙂

That being said, HUI breached 235 and if the SM continues to sink and the metals continue to climb, I suspect 235 will be a distant memory, despite the USD strength.

I hate to say it, but I think we have a trifecta going. Gold, silver and the shares. Weak SM, strong bonds and a USD I expect may not hold its’ gains. But hey, WTFDIK??

‘I want to open new fronts with Russia & China as US lived off the fat of our land,’ Philippines’ Duterte tells RT

https://www.rt.com/news/479044-duterte-russia-us-dominance/

Thankyou i was just relaxing back into a good doze !!!!

The Gold buyer is @ 24/7 , what I have noticed is they come in and take the mkt back to where the scum sold it off from, it’s like they not only want to buy, but don’t want the scum to drive prices down either and make the mkt look weak, the opposite in fact.

As for Silver this 18 dollar level is insane…..the minute any real short covering starts, it’ll jump in 5 dollar jumps…..which was the spread back in the 80’s when it hit $ 50…

Baltic dry index, Oil, copper, baltic dry index – all collapsing

Was hoping to prod you out of your afternoon nap. 🙂

Scum is surely hell bent on keeping silver below $18, but there’s a buyer there that keeps probing. Same with gold, just pushing the envelope higher, but it appears to be here in the US – London seems to be able to keep serious buyers at bay. Not so much at our more than corrupt Crimex for some reason.

$18 silver sure seems to be the third rail of PM price rigging! If it’s breached firmly does crimex blow up? Stay tuned! 🙂

lookin’ good Billy Ray!

How will the scum react? Will they make us try three times today?

Yup there sure is a buyer out there, who is matching/outbidding the scum and of course they have the advantage of being long, wheras the scum have to deliver and can’t.

Maybe todays silver pop was the Gold buyer, having a sniff…..now that will have the scum crapping itself.

“we forget that gold at 1550-60 today didn’t require the trip down to 1350-1450 that all the anal-Lists said had to be visited first..”

Yeah, a lot of respected guys said this from Murph’s and other site’s who’ve been right about the downside corrections for a long time. Really, there’s a bunch of things going against us – COT’s, strong SM, charts, etc.

Somehow though, there seems to be a strong buying effort below the metals and the shares that we haven’t seen before. To be honest, I’ve never seen the COT’s this lopsided for this long without a huge correction, so either we’re getting played by fake numbers, or the buying on the other side in the paper markets is intended to keep the banksters at bay and it’s working.

Crazy stuff, but been good to see. Not so depressing to watch as it has been for the last 8 years.

Tanzanian Gold Announces End of Phase II Drilling and Start of Phase III Ultra-Deep Drilling; 50m @ 1.8 g/t Au Including 5m @ 4.6 g/t Au, 7m @3.9 g/t Au and 1.0m @ 7.0 g/t Au Confirms Northeast…

https://markets.businessinsider.com/news/stocks/tanzanian-gold-announces-end-of-phase-ii-drilling-and-start-of-phase-iii-ultra-deep-drilling-50m-1-8-g-t-au-including-5m-4-6-g-t-au-7m-3-9-g-t-au-and-1-0m-7-0-g-t-au-confirms-northeast-1028841515