Loading ...Have not looked at yen carry trade numbers in a while but I doubt that bill has been paid, so ya, this article is correct that huge catch up moves in gold up / stocks down are immanent at some point.
Cheers
Maddog-Captain-r u guys big believers in the yen-gold relation? If so read this article–anything to this or izzit just more ZH doom porn?
The Collapse Of This Historic Correlation Suggests A Major Crisis Is Imminent–
Well…so far
Fed Governor Brainerd’s “yield curve control” speech, and Larry Krudblow’s “bonds don’t reflect reality” speeches are good for almost 100 points in the Dow. Who/what so the cretins do next to control propaganda and turn the machines to Buy?
The new Bull
Two sisters, one blonde and one brunette, inherit the family ranch. Unfortunately, after just a few years, they are in financial trouble…
In order to keep the bank from repossessing the ranch, they need to purchase a bull so that they can breed their own stock.
Upon leaving, the brunette tells her sister, ‘When I get there, if I decide to buy the bull, I’ll contact you to drive out after me and haul it home.’
The brunette arrives at the man’s ranch, inspects the bull, and decides she wants to buy it.
The man tells her that he will sell it for $599, no less.
After paying him, she drives to the nearest town to send her sister a telegram to tell her the news.
She walks into the telegraph office, and says, ‘I want to send a telegram to my sister telling her that I’ve bought a bull for our ranch.I need her to hitch the trailer to our pickup truck and drive out here so we can haul it home.’
The telegraph operator explains that he’ll be glad to help her, then adds, it will cost 99 cents a word.
Well, after paying for the bull, the brunette realizes that she’ll only be able to send her sister one word.
After a few minutes of thinking, she nods and says, ‘I want you to send her the word ‘comfortable.’
The operator shakes his head. ‘How is she ever going to know that you want her to hitch the trailer to your pickup truck and drive out here to haul that bull back to your ranch if you send her just the word ‘comfortable?’
The brunette explains, ‘My sister’s blonde. The word is big.
She’ll read it very slowly… ‘com-for-da-bul.’
CAPTAIN– this is from Wolanchuk
uglier the better next week could be very ugly……7 to 10 trading days before clx wind comes….going up from here wud be a pleasant surprise
Richard640 @ 9:51
Watch the SPX futures…if the front drops below 3333 … lookout below.
Gold could be up $100 Monday.
Cheers
How much of AMZN’s product is made in China
90 or 99 %….who want’s that in their living room….
AMZN down all of less than 3 % from it’s all time hi 2 days ago !!!!!!
Wow look what they just did to SSRM
they just knocked 6.5 % off it…..
OK, they’re coming for silver
Gold too but not as bad. Silver has already lost more than two-thirds of the pre-market gains.
Not a good sign for the day going forward.
VXX steady. If the SM really dumps pm’s might have a chance.
Record Highs in Euro’s and Yen. Better yet, gold up against a strong USD – best of both worlds for USD gold holders
…to record highs in Euros…
Source: Bloomberg
And record highs in Yen…
Teranga Gold Exceeds 2019 Production Guidance and Achieves Low End of Per Ounce Cost Guidance Ranges
R640
Not sure Bonds and SM help here,,,,,PM’s are better predictors temporarily, Bonds are too close especially the 10’s to huge TA levels, that no-one wants to preempt and the SM is riddled with complacency…..PM’s, well AU is relatively free to run…. Ag still has the scum on it’s neck.
Ag even has a damn good story as a cleaner/disenfectant, as the world confronts a huge decontamination project. The shorts should be being ripped apart now, as buyers pay any price for supplies.
Very nice
Wheaton Precious Metals Announces Record Annual Gold Production and Sales Volumes; Exceeds 2019 Production Guidance and Provides 2020 and 5-Year Guidance
https://finance.yahoo.com/news/wheaton-precious-metals-announces-record-003800923.html
R640
Yeah, gold and silver just caught a second wind and spike a bit.
I always get worried that we get some kind of blow off with these kind of moves.
A couple decades of conditioning I guess.
If the mkt tries to reach unchanged or even rally, I will be watching treasuries and gold–if they
do not come off much from their highs, that will be the signal to buy VXX calls or other short plays…DOW down only 65 yet it looks like gold just made a new high for the day…
Maddog…I agree–some protection is a must–as for panic…definitely the potential to panic
is huge–we saw that yesterday….I am not at all complacent…but mkts and investors are as per the ratio of calls over puts
Buygold–your worries could be justified=the CAC and Dax are now green–DAX up 20,,,
https://finance.yahoo.com/quote/%5EGDAXI/
TSLA up $13…The FANGs not down much
Economist Tony Crecenzi of PIMCO was talking this a.m.. about a new Cabal of supportive CBs now including the PBOC–the peoples bank of china which has done a great job of keeping chinEE mkts near new record highs all thru the virus outbreak