Looks like we’re going back to the gold price before the coronavirus raised it’s head.

Thanks for your views. I’m sure hoping our market doesn’t take 6 mos to bottom out!

Helicopter money is on it’s way.

https://www.cnbc.com/quotes/?symbol=JNUG&qsearchterm=

IN the 1987 crash the DOW was only down 20% in one day!!

JNUG=

Government will raise inflation rate Target to counter stock market sell off ….Theres an easy way to do that……Raise the price of GOLD   inflation will follow…the leader  ..Gold is money ..everything else is credit  …Right now credit is pushing on a string ..thats what the FED is doing ….Nothing happens in the real economy because credit is debt …..MORE DEBT IS NOT needed ….MORE real Money like GOLD will do whats needed…RAISE the PRICE by stopping the naked short sale of GOLD  !Derivatives wont do it..the tail dont wag the DOG ! Raise the price by 5 % and you will stop the slide on Wall st . and get the 2 % inflation they talk about…and not a contraction in REAL money and what it will buy.

They made the same mistake in 1933 ..they failed to price GOLD right ,and they got the GREAT CONTRACTION…It was the BANKERS at that time that argued for a less  than adequate GOLD PRICE , and what they got was tight money ..the DOLLAR was as good as GOLD and spending dried up ,prices fell .STOP listening to Bankers..they are not the ECONOMY …Raise the GOLD price and people will spend the less valuable paper money ,which is whats needed !GET the velocity of money up !,Devalue the PAPER and they will spend it..

To begin with the metals, in particular Gold ran with the collapse, the scum couldn’t have that, so crashed the whole sector.

Yesterday and today they achieved their aim and bullied most of the recent longs out, due to fear that they would lose even more, if they hung around…..

It wasn’t ever raising cash….Why sell a winner to pay for a loser.

Is it possible with such low oil prices, they are sitting off shore, storing oil? And getting paid? 1 for 8 stock split 11/25/19. I strongly suspect the energy crash is over. Look how cheap Exagon is :)XOM,  is. And its up today. $50/sh. it was always in the 80s and $90s/sh.

https://finviz.com/quote.ashx?t=tnk

I know we have some MUX fans here, including me, I remember selling it in 2009 at the bottom @ $.70. Looks like it might be heading there again.

I’m hanging in this time around. ?

Yeah, they always say they sell gold stocks out of the need for liquidity. Captain Hook has done a good job of making that case very well.

It’s a bit hard for me to believe that they’ll be able to raise all that much liquidity from such a small sector. OTOH, now they are crushing GLD and SLV which makes a lot of sense in terms of liquidity. The shares have been destroyed, they might be a bit overdone.

They’re saying gold stocks were selling because they needed to with the crash for liquidity so bouncing with it with speculators trying to catch a falling knife buying could be logical.

PM’s still crushed of course, but some of the shares appear to be trying to come back with the SM.

Not sure there are any spec longs, not in the sense of flighty ones, maybe some, who have ridden along with the big buyer….I doubt he is out, as if he was prices would be way down. Do u know anyone who has bought Gold…I don’t.

The scum have just crashed prices and gone even shorter, especially in the shares…..

Yes I agree at some point the Physical shortage will be a problem, especially when it exposes the ETF’s for having damn all metal, just paper.

Boy was I wrong…I said for yrs that gold wouldn’t get crushed with stocks like in 2008-9

I can’t agree with that assessment entirely.

Once the specs are forced out of their paper/electronic speculations physical shortages will finally play a roll. I just called my dealer and you can’t get through. It’s been like that for days.

North American silver bullion investment demand is down 95% from 2011 levels.

Just to return to those levels will wipe supplies out — including anything JPM has.

Factor in new demand as continued virus problems in years to come play into the formula and it’s to the moon Alice at some point.

Maybe next year or the year after.

Cheers.

that if they do engineer an SM rally anytime soon, Pm’s won’t follow…they are only allowed to go down.

Whatever the CB’s do, it will not be ‘allowed’ to help PM’s,

After this shellacking i fear the only thing that will help them is either an exposure of what they are upto, or a total collapse of the system, that exposes them, in the investigation, as to why.

I see they have Palladium on the run…that will not cheer Vlad up, he will need some retaliation. Erdogan better keep clear of any windows and scum traders might want to get out of Dodge.

We lost 11k open interest in Comex silver yesterday and it should keep dropping fast here as the gamblers are forced to liquidate.

But as mentioned the other day, if history is a good guide (it is), it should take about 6 months (September) for the shares to finally bottom.

There will be bounces, but it’s not hard to figure the summer doldrums could be particularly bad this year unless they unleash aggressive helicopter money for all — not just themselves.

Cheers

I’m with ya old friend.

Saying Fed needs to cut rates by 50 BPS right now.

Kevin Warsh said earlier World’s Central Banks need to come out with a coordinated statement Sunday night.

This is the only thing I could think that might help pm’s. Who know?

Silver is just ridiculous.

no reason for PMs to suffer this degree of damage.  this has the smell of a cartel setup.

ramp up bigtime. sell big until stops are hit,  repeat – COT shorts pay off.

Crazy. The Fed doesn’t need to cut rates, the market has done it for them.

Be nice if the banksters had to actually cover. They have hundreds of thousand of contract which if real would make our pm’s explode, but after pressing their bets for months…who knows how long they’ll hold them?

“We should kick his dumb ass out of NATO.”

I’m grokking on that. He’s making more trouble than anyone else!