Loading ...Yeah, nuttin’ I bought really worked out today, but since it’s a dip I don’t mind holding over the weekend.
Kind of odd that the shares are getting beaten so bad though considering the metals aren’t down that much and neither is the SM.
Maybe some kind of expiration going on?
Bonds are rallying bigly – 10 yr at .70% – lows of the day. That with the SM coming back.
Negative interest rates. Meanwhile global one world order including demos working on eliminating cash. How convenient.
I’m wondering if some of the illegals will get money meant for someone else with fake IDs.
In southern Cal I once got a notice from the IRS that my daughter earned money the last year that hadn’t filed from another calif city hours away. I sent them back a message telling them that was a good trick of her only being 4 years old who would of been 3 at the time and sneaking out of preschool to work in another city and making it back in time for me to pick her up.
gold or silver are near unchanged–I smell a buying opp—only question=buy immediately or at 3:45 in case we get the usual end of day bombing….
anybody else notice this ??
AOC rips Republicans because the coronavirus stimulus bill doesn’t include cash payments to illegal immigrants
Somehow I think the Chinese would find some opposition to buying Northrop Grumman or Lockheed! 🙂
Thanks for reminding me of that. I haven’t been watching the Fed. You would think it would. Well see.
“Nothing is big, and nothing is small, unless you compare it to something else”. I was told that by an older guy, a college student co-worker working in a machine shop around 1961. I asked him what he was taking up in school. He said Philosophy. I asked what’s that??
“Nothing is big, and nothing is small, unless you compare it to something else”.
Chart, commodity prices falling. Versus Dollars gaining.
https://finviz.com/futures_performance.ashx?v=14
High floating dollar oil prices cause low oil prices, later. Low floating dollar value oil prices cause high prices, later. Stable fixed dollar values cause stability, boring prices.
Todays Oil prices are all the way back to 1985. Before they de-pegged the Dollar in 1970 oil was $3.60/bbl. Adjusted for inflation? Oil is back to 1946 price. Ask ourselves, what did $20 buy in the 1940s?
https://www.mrci.com/pdf/cl.pdf
“$20 in 1940 is equivalent in purchasing power to about $342.87 in 2016, a difference of $322.87 over 76 years.”
https://www.dollartimes.com/inflation/inflation.php?amount=20&year=1940
Definitely tracking the USD.
SLV inching back as well.
Unfortunately doesn’t look like the shares want to track the metals, the rotten buggers.
Well I guess conventional wisdom would say that pm’s would go up because of the amount of currency being printed around the world which should devalue the worth of the currency right compared not only to gold but to most real goods right? Think Weimar Germany.
It’s a confidence game and the money printers seem to be winning.
Manipulation of the paper pm markets cannot be ignored because they completely ignore supply and demand. That being said, I’ve ignored it and it has cost me bigly. 🙁
USD is starting to drop in earnest now.
I don’t always have time to watch all that goes on in the market but I noticed what I have, when a country is in peril “ from disasters anyways a industrial capital type countries” they’re currency comes back home.
During the Japanese tsunami I checked the yen and it was headed up. I didn’t jump in blood money as I thought of it but it keeps going up for awhile initially anyways. From little I saw but didn’t look hard with this virus I saw a jump in the dollar, the yen and the euro.
Then what comes after. In the tsunami it was building equipment and supplies.
With this pandemic what will justify the PMs going up I wonder?
What will initially recover faster than others? I have some ideas but not clear on PMs. Not implying bearish by no means but with all the manipulation trying to make sense of it beyond that.
Yeah agree, I’m not crazy about pm’s following the SM either and maybe they’re not. The USD is coming back down a bit so it could be that the metals have stopped falling because of the USD and the lower rates, and the shares are responding to more stable metal prices.
I don’t know. I would like to see the HUI close above 200 today though.
No opinion here. I haven’t followed that one for a while.
Not real happy about the PM shares following the SM but the chart of the DOW looks promising …
Have any thoughts on AUY – Yamana?
Seems cheap, but I haven’t done a lot of diligence on them and not sure how big a % part copper plays in their earnings. I kind of prefer pure gold/silver plays and am wondering how well copper will do going forward.
Looks like pm’s and shares are coming back with the SM – that’s a good thing.
Hope so too. Didn’t realize they had 6 months and I agree that they have a good shot at being back above a buck.
Starting to see some green in the shares on my screen, or did a couple of minutes ago Newmont and Barrick were up. HUI back above 200.
Picked up some KGC @ $4.40 and some SAND @ $5.57. Added some more Kirkland @ $31.30
Might take a stab at some AG again if I can get it for $6.75.
Still think a rally is coming when the house passes the $2 Trillion bill.
“split”
I’m hoping they don’t. They’ve got 6 mos so fingers crossed they run up over $1 before that. Pretty good chance I think.
PM Stox under option pressure….some things never change, no matter the situation.
Maddog – yeah we’ll see what happens with SSRM, I’m not sure I’ll hold it for long and will cut and run if I need to and revisit later. Today is uglier than I would’ve expected. This is a bummer after having such a good surge in the metals earlier in the week and thinking there might be tremors in the Crimex.
Ipso – MUX will split. They don’t have any other options. Just hope they don’t do a 10-1. 2-1 would be better.
Exclusive: Russia calls for new enlarged OPEC deal to tackle oil demand collapse
MOSCOW (Reuters) – A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus.
https://www.reuters.com/article/us-oil-opec-russia-rdif-exclusive-idUSKBN21E13T
