Should Nippon Steel be allowed to take over US Steel?
Total Voters: 26
Loading ...PM’s are going down because idiot speculators are puking up their positions, not the rig. Da boys won’t try to flex their muscles until silver gets back to $18 and they try to topple them over again. This is just idiots who should not be in these markets liquidating their positions and it will keep happening until they go away or start buying physical.
I hope people don’t forget this again with their goldfish memories.
Chuckle
This is it folks, the Fed is bailing out anyone that needs it…..and the scum are trying to make sure it all looks normal, by killing the Gold mkt….which should be flying if it was allowed to….
For sure!
we all know why the PM’s are going nowhere, it’s the Rig….but how much longer can they keep it up….
They better also pray that the Donald doesn’t go down with the virus, as that would kill the SM.
Even other leaders and their staff should be tested before meeting other leaders right now.
Oh ya that’s been great for PM’s over the past 8 years. No it’s going to take an attitude change away from rank speculation, which is what you are doing in making such a statement, before the PM bull will return. If you look at the monthly silver chart it looks like its going to $13 ish again.
Ripley’s believe it or not.
Look at today. Stocks are going up so PM’s are going down. Biggest / fastest crash in history and nothing has changed for da boyz.
Chuckle
President Bolsonaro Tests Positive After Dining With Trump Saturday: Brazilian Press
It’s official: Brazilian President Jair Bolsonaro has tested positive for coronavirus, making him the highest ranking political leader in the world to get Covid-19 thus far.
It was first reported Thursday that Bolsonaro was being monitored and tested, after his press secretary Fabio Wajngarten had tested positive for the virus.
Crucially Bolsonaro along with his aide met with Donald Trump when the Brazilian delegation traveled to Mar-a-Lago on 7 March, with Bolsonaro reportedly having more contact with Trump than this aide, including a Saturday evening dinner at the resort.
saying that Fed expected to cut rates 1.25 bps to zero next week plus announce QE. This supposedly coming from the NY Fed recommendations.
If that doesn’t kickstart pm’s, nothing will.
NY Fed said to be buying $30 billion in treasuries today which is why the 10 yr. is now falling to .87%
edit: now .83% coming fast and furious
You’re right also about the bond market, seems it’s all over the map. 10 yr. is coming back in, now at .89%
Wild swings.
Too bad gold and silver have never acted as a safe haven in times like these and the shares in every case have performed even worse than the broad SM.
this kind of divergence, these gains seldom hold and at the end of the day shares are down quite a bit
Also today=
| coming up out of a diagonal triangle on the short term charts just like mar 09 |
it is swinging by massive amounts all over the place……it is no longer a pricing mechanism….and that is the US governments paper…..the worlds only super power.
VATICAN CITY (Reuters) – A cardinal on Friday modified his order to close Rome’s churches to help contain the spread of coronavirus after Pope Francis cautioned against “drastic measures” and Catholics took to social media to complain.
Cardinal Angelo De Donatis issued a new decree less than a day after his initial order. Many churches in the Italian capital will now remain open.
Some Catholics accused the cardinal of caving in to the government after his initial decree on Thursday night. Andrea Fauro said on social media the move had put “Christ in quarantine”.
When lending money time and to who are the big factors, that set the rate.
The Repo mkt is a clearing mkt where the Bluest of blue chip institutions, lend their excess cash and borrow if short, usually only on an overnight basis,
Therfore the risk should be near zero and the rate at a near discount to bank rate, as time is negligible……that someone/some people are consistently short every day, should be in a normal world, the biggest claxon u can get of a problem….which we are not privvy to…someone/some peoples risk is so bad they are not able to borrow all their o/n needs.
Hence Armstrong saying the Fed had to inject $ 1.5 trillion
I do remember that now. It does seem odd to me that the Ten Yr. has risen the last few days for .50% to .97%
Not sure of the correlation but I’ve seen ZH headlines saying the bond market is having issues.
Never ceases to amaze me just how low they can crush silver whenever they decide to.
Looks like pm’s are going to trade with the SM for awhile.
Disaster survivors can also find themselves without TP or running low. In sylmar quake they put up porta bathrooms but they don’t supply the TP. Luckily we could go to another town since all the stores were down too.
When I saw reusable paper towels made out of bamboo to over 60 times I bought some of them. They’re much more absorbable than regular and you can just rinse and wash them. Busy family’s can use up a roll of paper towels pretty quick.
Worse comes to worse in Hawaii’s case they’d be good to have around for emergencies.
the repo story came to the publics attention and was a daily news item ever since
Saying to put 10% of your money in gold because “it’s come down a bit” says further it might come down a little more but certainly “no where near a top”
There you have it.
R640 – You might get a 2nd chance to pick up your dream position in JNUG this am. 🙂
Commish – I figure if the Fed cuts again and has exhausted the markets with their liquidity measures and the SM still doesn’t stabilize, they’ll probably do just that – shut down the SM.
“The expectation has people who really do not understand the markets calling for the Fed to move to negative interest rates. They do not understand that the Fed cut the rates and then had to pump in $1.5 trillion into Repo to PREVENT short-term rates from jumping beyond 10%.”
Following the 911 attacks they shut the NYSE down. Since I believe that this virus is another terror attack just close it for a week or two til everybody catches their breath.
Yeah, I know the futures show down a bit for gold but that’s always from the Crimex close. I track GLD which is up $2.10 so approx. $21 smackers. Not great but beats the alternative.
SLV up $.15 – still sucks
Looks like the banks will do a little covering today in the futures, unless of course the SM tanks at the open.
Official Prediction: Tonight’s closing low in the Dow will NEVER be seen again – EVER
7.80…and, at $11.08, as I write, it is $3.20 off that low but still down $2.16….maybe GDXJ and GLD didn’t drop much in last nites trade.
April gold futures are $34 off the low but still down 5.50
