Loading ...Just checked it, it did have awhile to go but getting closer now. Who knows what it will do in current environment but until who knows what happens now it liked to fill the gaps even if not soon or that year so all those gaps down if or when it decides to turn can be targets later.
Eeos
Now that bitcoin has a chart it looks like it’s trying to fill a gap below but making lower highs and lows for awhile. After it fills the gap if it does which it has a way to go who knows. People need money right now. Wonder what they’re buying with it?
Maddog 22:24
That’s right and the boomers throw a monkey wrench into their socialist NWO
They want to hurt them and Trump. But fact is are either one of these Bozo’s on the left Bernie or Biden capable of dealing with the financial issues of today no less this virus or even have the energy? They would just use it to try to implement a agenda making things worse.
Once we at least had politicians with a IQ that could target cause and effect of markets crashes even back in the 80 s. Now what do we have? Lefties bitch sessions and trying to make a race thing out of everything totally clueless how anything in a real economy works.
Gold down 37—silver down 67—JNUG was down another 4.61 @ 8.61 in the nite trade-G*d only
knows what price it will be tomorrow…4 bucks? 6 bucks?
https://futures.tradingcharts.com/marketquotes/GC_.html
If it gets in that 4-6 bucks range…I will drink a half a bottle of 100 proof Old Grandad and buy 20,000 shares…all the while singing–
“catch a falling knife and put it in your portfolio, never let it fade away”
********************************************************************
- FROM CNN=March 11th–Latest numbers: The novel coronavirushas infected more than 118,000 people and killed close to 4,300 worldwide, according to the World Health Organization.
- By CNN’s tally, the US has over 1,200 cases.—THIS IS NOTHING!! BARELY A FRACTION OF THE CASES AND DEATHS JUST IN THE U.S. EVERY YEAR
It is the CB’s fault
It ain’t a CB conspiracy theory, but it is the CB’s….
Their zero/negative interest rate policy, forced Boomers, the only people with savings, into stox, the bull run was exasperated by Algo’s just blindly buying and of course the scum operating the Fed put….. which caused a massive bubble….
This virus is particularly bad news for the Boomers, who are now scared and dumping……
But what is very scary is that the mkt Gods have concocted this scare, in a way that ensures the CB’s are powerless, as payback for all the decades of laughing in the Gods faces.
Richard
Yes that was picked up when Chins was washing paper money over the virus.
Also it helps the lefties promote their socialist agenda if they can bring the economy to its knees. Giving no interest loans though isn’t helping business even if they have no choice it just puts them in debt.
Who knows with all the uprising in China prior to the virus it wasn’t set upon them then lock them up in their homes.
It was allowed to go on for awhile and spread before they did anything about it.
With oil down even over oil wars travel and energy would of profited off it but the virus put a stop on that too.
As far as Trump putting a stop on travel the good thing is people from affected countries like initially China were switching planes then saying they were coming from somewhere else like Italy while infecting Italy. Hope they don’t head to the UK now.
This all now has turned into mass propaganda. Media has to have something to talk about but influencing loss of confidence in the economies.
IF THEY TRY TO MANIPULATE THE CURRENCY By GOING PAPERLESS PEOPLE AREN’T STUPID IT WILL GET WORSE!!!
Good old Zerohedge has found the next potential bomb, in the Globalised world of derivatives
How the hell do French Banks end up writing Yield derivatives for South Korean mug punters ???
Is South Korea About To Unleash A Neutron Bomb Across Global Stock Markets
https://www.zerohedge.com/markets/south-korea-about-unleash-neutron-bomb-across-global-stock-markets
Bitcoin is in full collapse mode tonight
My public schools are canceled here, this should be fun.
bloomberg silver coins sell out with retail buyers stocking up for crisis.
I saw that headline on Bloomberg TV but could not find the story.
R640 – one more thing
James Mc
Should just shut his effing piehole. This is the world we live in, until we don’t. Eff him.
R640 – Not an Armstrong fan
but in this case, I think he’s right.
The whole Coronavirus thing is a joke, an effective joke that shows just how much control corporations, including sports, have over our lives, and how many sheep seem to drink the bullshit koolaid.
That being said, I was at the airport today and only a few people out of thousands had masks on their faces and they stuck out like the dumb sore thumbs they were.
I guess this time though, we’re going to find out if us goldbugs are the real dumbasses when the reset or whatever they have planned happens.
From Murph tonight=Gold should be $3,000 with no offer.
James Mc early this morning…
The clueless
Headlines that scream manipulation without ever saying it:
Gold price loses some ground following uptick in U.S. CPI inflation
Gold down despite big sell off in global stock markets Wednesday
Why is gold not at $1,900 this week? Scotiabank points to this reason
Gold prices sputtering as equities resume recent slide
Why isn’t gold at $2,000 when global economy is melting?
Meanwhile in the real world………
Global Systemically Important Bank Stocks Crash To Record Low
Fed Injects $198 Billion Via Repos To Unfreeze Paralyzed Funding Markets
S&P Extends Losses After Re-Opening, Down 8.5%; Europe Crashes By Most Ever
Zero logic to the gold/silver selloffs, and zero reporters willing to lift a finger to find out WHY this is happening.
The derivatives market has totally blown up, and the only solution is trillions of CTRL-P hyperinflation.
Gold should be $3,000 with no offer.
it is not such a justified health issue to be causing such a panic.
Coronaviruses are common in different animals. However, rarely does an animal with coronavirus infect humans. It certainly seems possible by eating animals that might carry such a virus. As of Mar. 10, 2020, 4,087 deaths have been attributed to COVID-19. However, 64,385 people have recovered from the illness. So it is not such a justified health issue to be causing such a panic. That does make it seem that there is something else behind it.
I prefer facts and so when I say there is a clever conspiracy behind the curtain, I do not say this lightly.
2020 Financial Panic Real Conspiracy
I have been in this game for 40+ years. This Coronavirus is a cover for a much more serious conspiracy orchestrated by the government to deal with the very structural crisis I have been warning about. I am NOT one to promote conspiracies. I prefer facts and so when I say there is a clever conspiracy behind the curtain, I do not say this lightly.
The view of the ECB is that they realize they are trapped and the Repo Crisis has emerged because of a collapse in confidence among banks because the EU refuses to bailout banks. Therefore, any bank dealing with a European bank that fails will receive a 100% loss. I have been warning that even the Bundesbank authorized German banks to act as custodians for cryptocurrencies. That was not a decision to make sure cryptos are safe. It was a step towards confiscating cryptocurrencies and converting them to government digital currencies.
Not just the Bank of England has now come out about converting to the digital currency, but Sweden has just published a similar paper. The BoE is sending this around to the press to hopefully plant the seed that this is the solution and the Coronavirus is being used to crush the world economy so people will move to the digital world to save their future.
Christine Legard has come out many times stating that countries should create their own digital currency. Her view has been that the only reason negative interest rates failed was that people hoarded their cash. The solution is to cancel the currency and force people to deposit their Euros. They can then use the Forced Loan measure when canceling the currency fails. This all appears to be lining up for the Monetary Crisis Cycle.
Central Banks will NOT surrender their authority. They will NEVER concede that they have been wrong with the negative interest rates. They cannot now allow rates to rise without collapsing themselves. So the next step in the game to retain power is to cancel the currency. This is why the dollar is king for Trump will not join that bandwagon so easily.
So it appears they have been feeding the press and willing to accept nonsense with the Coronavirus to deliberately collapse the economy and they hope that this will justify their drastic solution to eliminate paper currency.
@Treefrog Re Falling Palladium Prices.
Probably falling in sympathy with other industrial metals, because of a coming global recession. Less production and or delivery, of manufactured products. Palladium is for catalytic converters in cars.
The environmental climate change enthusiasts should be happy with a contraction or reversal in globalization and less required long distance deliveries of cheap consumer products. Globalization wasted a lot of energy delivering “rat poison” across oceans and continents, contributing to the alleged big carbon Sasquatch foot print. 🙂
Meanwhile fighting Climate Change has been wasting public money and adding burdens to businesses since 1970, and they keep claiming the climate and air is getting worse. So why bother anymore.
Retaliatory strikes ‘under way’ after attack on US troops in Iraq
The United States launched airstrikes in Iraq late on Thursday, US officials said, targeting the Iranian-backed Shia militia members believed to be responsible for Wednesday’s rocket attack that killed and wounded American and British troops at a base north of Baghdad.
One US official told the Associated Press news agency that multiple strikes targeted Kataib Hezbollah weapons facilities inside Iraq. The official did not specify the exact location. The strikes were a joint operation with the British, that official said. The officials spoke to the Associated Press on condition of anonymity because operations were still ongoing.
https://www.aljazeera.com/news/2020/03/retaliatory-strikes-attack-troops-iraq-200312220946232.html
paladium
crashing bigtime. what’s with that??
The mind boggles…the one yr high for JNUG is 105.24
-I am in shock…JNUG closed at 13.22 down $21.24 or 61%–now subtract another 41.75% or $5.52 [from 13.22] & JNUG is 7.76
The world is going mad…heard on TV all day that they are selling gold to raise cash-like we heard in 2008-…nonsense!
I guess gold is just a pet rock after all…the only rationale for owning gold that hasn’t been destroyed is the fact that countries/central banks keep accumulating it…
What they dont like about Trump
is he is trying to isolate the US from the Corona virus,,what Europe wants is open borders just like the Democrats want.They want the us to get the VIRUS so the US will solve the problem for them ..TYPICAL Europe logic “if he gets it too, then he will save US….” Thats what got WW2 going ,they never learn.. NO guts just rhetoric ..talk talk talk talk… LETS hope they get the virus (US)so we wont have to solve the problem …..Thats how we got into WW2 ….
Sink an American ship ,so they will enter the war and solve the problem for us …it never ends…
They dont prevent problems ,they want to share them so someone else solves it…despicable ! when you wish bad things on your friends ….
They’re gonna have to turn the machines off….as they don’t listen, they just follow the trend
and that trend is now down.
They all loved it when all they did was buy….now all they will do is sell, down to zero…. unless they get stopped.
@Captain Hook, Thanks For Bringing That To My Attention
I was out a while just got home. Sooner or later after hammering out everything, they will have to do a week end reset. Turn in $25 old dollars for $1 new dollar. Or, Turn in $50 old dollars for $1 new dollar. And put gold backing on them. Gold will probably go $5 grand physical. And people will trade the Gold for new dollars.
Mr.Copper @ 13:38
Powell announced a new give away at noon and that news was sold.
They will announce a stock market monetization program as early as tomorrow morning now.
Chuckle
coup de grâce. A French phrase
coup de grâce. A French phrase meaning blow of mercy, to the Federal Reserve Act of 1913 that is, a final killing blow that puts a fatally wounded anti Gold anti USA Currency Manager out of his misery; used to mean the action or event that finally destroys or ends something that should have never been created in the first place.
The Founding Fathers abhorred a central bank.
Another version…
A coup de grâce is a death blow to end the suffering of a severely wounded person or animal. It may be a mercy killing of mortally wounded civilians or soldiers, friends or enemies, with or without the sufferer’s consent. LOL