Loading ...Locust plague reaches coronavirus-hit China after wreaking havoc across Africa
https://www.dailystar.co.uk/news/world-news/locust-plague-reaches-coronavirus-hit-21513111
Buygold-the PPT already has stepped in…looks like another day like FRiday…a “hangin in there” day
But I gotta think that one of these days a very quick 10-20% plunge starts…then stabilizes…and tries to make a V bottom…and maybe….just maybe fails…and we get a real longish term correction…I hope not cause I want Trump for 4 more yrs…
Wish I’d pulled the trigger on this one WDO.TO
Exploration Drilling at the Eagle River Mine Continues to Return High Grade Values From Falcon Zones and 300 East Zones
https://finance.yahoo.com/news/exploration-drilling-eagle-river-mine-213010663.html
OK
So I was wrong – not unusual. DOW down 150 pre-market
The question is, how long before the PPT jumps in for the stick save?
Maddog–thanks for the 10 yr note observation! I see they are trying to
stabilise the u.s. major indexes…they have come back a bit…I could see a scenario wherein the mkt opens and they bring back the DOW to down 50 or so,,,,and then down 200…stabilise…down 150…then down 300..400…etc…maybe close down 600…but no panic yet–That said, I think panic could breakout at any time…the potential is there…
Chinese stocks have made up the entire 10% drop they initially made on the early news of the virus outbreak,,,last nite was-I think–the first down session of any significance…I wanted to take home some VXX calls on Friday but the risk of coming in today to the upside was too much for me…I’ll see if the indexes get a bounce on the open…remember the friday session–with bonds well bid and the transports down 130…they just couldn’t break the other indexes…then the DOW coming almost all the way back in the last 10-15 minutes….This 2020 Titanic is going to be difficult to sink
The news flow is mixed-I am hearing hopeful talk about “new cases peaking”…also hearing some new dire predictions…supply chain disruptions causing factories to close all over the world…etc etc.
“Wishful Thinking” – OPEC Drastically Underestimates China Virus
Coffee Time
Gold
New All Time High Canadian overnight session $2110
Coming to a country near you
I think it will take $2500 gold to wake up my micro caps
Onward Pilgrims
Winedoc
redneckokie1/R640
Aapl never made a new Hi…it still has that weekly reversal in place, from 2 weeks ago.
R640
Seems that the prospect of not being able to buy $ 2000 phone, has woken the mkt up….panic could ensue !!!!
The 10 ‘s are just above really critical lows, take out the 1.32% level and we break a Triple bottom, going back to 2012 …..that’ll set off a huge panic..
