The bastages bringing it down because if people are forced to sell them they can get them on the cheap. Crooks
the manipulation is beyond sick….1500 dow pts up, or 6.8 %…. in 25 mins…
PAAS dn 16 % ….INTC up 16 %….
R640, Captain
R640 – if you liked JNUG at $8, you have to love it down @ $3 right? – Yikes
Captain – I firmly believe despite the bullshit going on right now, which I attribute mostly to the liquidation of GLD and SLV, physical will be the saving grace like you said in a couple of years, although I think we’ll see the beginning of the move next week when rates go to zero and the liquidation of the shares stops.
When the first tranche of my phyzz hits $3K, I’ll pick up a little depressed real estate in a good location.
After that, we’ll see what the reset looks like.
Compare
It is otherwise in neighbouring Taiwan which, at the time of writing, has had a mere 48 cases, although only 81 miles from China and taking in 2.71 million visits from China last year. The WHO first announced the Wuhan outbreak of pneumonia on 31 December. By 5 January, thanks to its Big Data analytics, Taiwan was able to identify on entry all those who had travelled to Wuhan in the previous 14 days and had a fever. It then screened them for 26 viruses, and quarantined them where necessary. It has a pre-existing National Health Command Center and a Central Epidemic Command Center. Thanks to the former, 44 million surgical masks (for a population of 23 million) were available by 20 January, as were 1.9 million of the higher-grade N95 masks.
@Capt Roger That
The asshole’s spokespersons’ are on TV now, get back to you later. 🙂
Mr.Copper @ 15:14
As discussed previously, this is when the assholes in charge (bankers and bureaucrats) will want to paint a picture of inflation.
This, combined with wrongheaded speculators likely beginning to short gold / silver (because of stocks deflating), is just what the doctor ordered.
As mentioned not long ago … gold and silver will go up when the assholes take their collective finger of the sell button over at Comex — and that time is now.
Cheers
$1,518 Gold, And $14.18 Silver?? What Is Going On?? This Is Almost Getting Funny
Reminds me when Gasoline was $4.40 a gallon gasoline and my heating oil was up there too. It was getting so weird it was getting funny before they finally dropped. Silver seems hopeless for a long time. At least Gold is still above $1500, for now.
The falling interest rates and falling metals are signaling de-flation. But, slowing deliveries of imported products should cause shortages and promote higher costs or inflation. Depending how you define inflation. (increase in money supply?) But it sounds like the Fed has been increasing money supply.
So, if they can’t bring on inflation with increasing money supply, there must be money leaking OUT as fast as they PUMP it in. This is really getting funny now. LOL. So they are stepping on the gas, pedal to the metal, and the Truck is slowing down anyway?? 🙂
Back in the 1970s the liars kept saying high wages were causing higher prices. So why don’t they “lie” again and say “wages too low, causing lower commodity prices and deflation”??
@Powers That Be.
Register at the tent and ask me for advice. You guys are in a fog and need help.
goldielocks @ 14:29
Ya so it’s a good thing not many American’s have physical. This is a bigger problem for the stock market where 2020 is beginning to look a lot like 1929.
Cheers
Captain Hook
Those who don’t have interrupted income. Those who have interrupted income will need to sell it even if they don’t want to.
Buygold @ 13:06
The physical market is looking much better because the idiot Comex speculators are getting blown out.
Hopefully they won’t come back like in 2011 and physical supply / demand starts setting prices just when those morons finally figure out its the only way to go. This would clear out limited supplies in an afternoon and the rest would be history.
Your physical will be one of the best things you ever did.
You won’t regret it in a year or two.
Cheers
Buygold–on days like today, I have never seen a bounce off the lows…that said gold seems to be making a series of exhaustion gaps down
in all other markets ya get a pretty valid bottom…but in gold ya never know
gold seems totally discredited=when stocks crash it gets sold–on a rebound day like today the selling is even more intense
on the way down the alibi was “ttraders need to get liquid”
todays alibi=dollar strength=the $ is up over a full point
Buygold
No but I’m still getting emails from places who sell it. Esp when it was going up lol
BTW
Has anyone tried to buy physical at today’s prices?
I have enough, so I’m just asking what the phyzz market looks like.
The bottom
JMHO but the bottom comes when we see a down day in the metals followed by an intraday reversal higher.
The bottom comes when the shares stop going down despite what the metals are doing.
Lastly, IMHO, the bottom comes next week when the Fed goes all in and cuts to zero, then presents QE5.
Will the scum try to prevent it? Yep.
But just like 2009, they won’t be able to, maybe just slow it down.
We’re getting close. JMHO
Mr.Copper @ 12:38
Nope it’s the speculators.
They are not that complicated. That BS works when everything is fine, which is not now.
Cheers
Where’s The Bottom? – Cycles Paint A Clear Picture
https://futures.tradingcharts.com/chart/GD/M?anticache=1584116990
5 YR CHART OF GOLD PRICES-2016 low$1063—2018 low–$1189 on sept 1st
This analyst sees gold going to 2018 low–if that doesn’t hold then 2016 low
Has the selloff ended? When will it end? What will the bottom look like and am I at risk of taking further losses? What should I do?
Over the past 16+ months, we’ve suggested that the price rotation in 2018 was a Wave 4 downside price rotation of a Wave C upside price structure. If our analysis is correct, the last rally we just experienced (ending near February 1, 2020) was the end of a Wave 5 upside price move that completed the Wave C upside price structure. This would indicate a very real possibility that the current downside price trend is a Wave 4 downside price move.
For readers that are not familiar with the Elliot Wave process/structure, each major wave (1 through 5 or A through C) can consist of various types of minor wave structures (as you can see from the middle chart in the example above. The major wave 1 could consist of a 5 wave minor wave structure (as shown). The major wave 2 could consist of a 3 wave minor wave structure (as shown) or even a downside 5 wave structure.
Going even further, each of these minor wave structure could consist of even smaller price wave structures. These types of price rotations often populate in 1, 3, 5, 7, 9, 13 and 21 wave structures. Unlocking the major wave count and minor wave count can help us unlock swing trading and day trading opportunities.
So, to put into context what we are attempting to convey to you is that we believe the peak in early February 2020 was the end of a major wave 3 and the start of a major wave 4 (to the downside). Because the upside price wave 3 originated after the 2009-10 price bottom, we believe true support in the markets is likely the midpoint of the 2018 price rotation range or near the low price levels of 2018. These price levels represent a very clear support level and low price target level that continues to follow the price structure rules of Fibonacci and Elliot Wave. If the 2018 lows are breached and the markets continue to push lower, then we fall back to the 2016 price lows and midpoint level.
https://www.gold-eagle.com/article/wheres-bottom-–-cycles-paint-clear-picture
@Captain Hook re idiot speculators are puking up their positions
Do you think it’s possible its the gov’t or its lackeys’ Goldman, and JP Morgan selling out to finance gov’t spending? Pluss, what about the GLD hoard (financed by little people) that can be raided by big share holders, like Goldman or the Treasury Dept itself?
Who is buying or taking delivery of the physical out of GLD warehouse??? And moving it to where?? Fort Knox? Sooner or later TPTB idiots have to rebuild or REVERSE, the low valued US Dollar, back into a HIGH valued US Dollar.
I’ve seen pennies and dimes on floors being swept up and throw in garbage. Even detailing filthy cars, I’ve vacuumed up coins. A Penny or two is supposed to be equal to a postage stamp. In a sense, they have to restore the value of the Penny. A dime should be equal to a cup of coffee.
SNG
Since so many things made overseas wouldn’t surprise me.
I went to the store yesterday and thought I’d pick up a extra bottle of hand sanitizer since I use them anyways but now everyone is buying them up. There was two left. Was talking to a woman there about it so she decided to get one too. I told her she could use rubbing alcohol and something like Aloe Vera and a sent or something for moisture cuz you don’t want your hands to chafe or get small abrasions where things can get in I should of talked to her more about. She worked for a radio station next thing you know I hear it on the radio. Out of curiosity at the time we both checked and it was sold out too.
What I didn’t probably should of told her though you need a certain percentage of alcohol in the hand sanitizer to work right. For anyone thinking of it. The optimum is 97 % but no higher because it needs water too to break down the germ
Or virus. You can mix the higher amounts though. So higher amount of straight alcohol is not effective and also should be no less than 70 % or won’t be very effective either.
Unemployment
Hope they make a stipulation those laid off temporarily shouldn’t have to look for another job.
They are having some of the Google workers work at home I heard. Many of them can go anywhere. My oldest daughters brother in law works for Google and although still pretty young but smart with computers, he has his own Chef and masseuse at work. I’m guessing these people like chefs, maintenance what have you to all these buildings are going to be laid off for now. Hope they do extend unemployment but won’t totally help those who get tips to supplement their income they depend on.
Schools
My youngest daughter is talking some classes at a college and they closed it. Most she does on line except one she has to go in to test. She’s in sports too so mad about that. I asked her what they’re gonna do about that and she said they’re going to make them watch sports shows evaluate them and keep score. Sheesh I can see why their not happy. Even my other daughter jumped in one sports class with her so I’m guessing she’s not happy either.
I’m waiting for them to call off nurses but no luck so far.
Ipso 11:22
Actually we should stop all person to person contact with our leaders and they can go online for now due to false negatives or not showing up yet but still can be carrying it.
Rest of years Payroll tax exempt suggestion.
Will only help if they’re exempt during that time so that next year they don’t get hit at tax time. It won’t help those closer to drawing SS as they base what you’ll get on how much you earn and could mess them up. Stoping SS tax could mess those of us who’ve been waiting more years than those who drew really early, looking down the road, if there is a road. It won’t go lower than what they’d get now but won’t go much higher if not paying into it. Now they want to kill them off before they get any of there money back lol
For those already drawing they should raise it a few hundred to compensate for rising cost anyways and for cuts if they stop the ones paying into it.
It’s just not the older and the boomers they’re targeting it’s the conservative voters and patriots.
I saw a post already that said “ If I die make sure I don’t register as a Democrat.