Loading ...$1680 breached. Next?
Glad I sold my NEM yesterday.
Should have shorted it after I sold and GDX too.
R640
Surely you jest.
I know, don’t call you Shirley.
Any jaw that thinks the SM will end down on the day will be severely broken.
I don’t think ordinary people will applaud this … How livable is NYC already?
NYC Pushes $1.1 Billion Cut To NYPD Budget As Ninth Night Of Demonstrations Begins
The most classic example of buy the rumor sell the news-just as jaws have dropped at the “great” jobs report,
underwear will be soiled at the end of the day as the DOW will be down 500 to a 1000 pts…the Naz is down 15…this is being explained away as money coming out of tech and going to other under valued sectors
Morning Maddog
yep $1680 at least in the cards.
Gotta wonder if that’s all she wrote for the year, sure doesn’t seem like the game has changed.
Bummer
Going for stops sub $ 1680.00
scum saying disconnect….what disconnect…u ain’t seen nuthin yet.
some numbers must have come out and guess what they were SM bullish and PM bearish
Hello SEC what are the odds on every single US eco stat being bullish SM and bearish PM’s……do u think that is strange.
Jobs Report as expected meaning “better than expected”
+ 2.5 million jobs
Gold waterfall begins, first stop was $1690.
We’ll see how much worse it gets from there.
Buygold–I think traders are focused on the “great” ADP number that was much lower than expected
ADP ‘s number was 2.7 mill–the consensus is 7 mill–but we all know reports/economic stats–no matter how bad–have not so far derailed the world-wide stock rally–even Turkey has had a record run–I guess every country is copying the FED and force feeding their mkts with moolah…I dunno why yesterday the mkt seemed cautious..in spite of knowing the good and bad numbers and why today the worldwide FOMO stock rally is back on…
A WORD OF CAUTION to the bulls–not saying it’ll matter but the NAZ was up 76 points overnite–now it’s up 15
Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared
PUBLISHED WED, JUN 3 20208:15 AM EDTUPDATED WED, JUN 3 202010:27 AM EDT
Looks like markets are positioned
for a much “better than expected” jobs report.
I’m sure they’ll get it.
edit: We’ve had buyers support just under $1700 for weeks now, I suspect if they have a chance to break that support they’ll probably try to waterfall it today. What better day than a jobs report?
The action in the shares has been worrisome – especially the large caps.
Alex Valdor
Re meters.
They are the product of the idiot Greens and like everything they touch, it fails, makes the situation worse etc.
They’ll probably tell u , u have been lucky, as some have had their whole house burnt down, due to smart electric meters.
Mr. Copper & Maddog in approximately a year …
the city water utility has installed a backflow preventer , and the electric utility has installed a new smart meter .
The ‘backflow preventer’ installation (by a third party contractor) was very sloppily done , resulting in sand and silt contaminating my household water pipes , and they dumped sand on my flower bed plants , which they simply left . This is a photo of sand in my toilet after the first flush :
Then , to add insult to injury , they charge me about $4 per month to ‘rent’ the so-called backflow preventer . Since they installed the ‘backflow preventer’ ( which it is not – I used to design real backflow preventers ) on my side of the meter , instead of upstream of their meter they have (unintentionally) legally committed to be responsible for any future failures and repairs to piping failures between their meter and my home shutoff valve .
After the new smart meter was installed , a TV and computer , both on the same house circuit were fried . It is my understanding that the newer smart meters count higher frequency noise and ground surges as wattage , resulting in higher billing and at the same time pass voltage spikes into the house wiring , which would explain the failed electrical components .
It is time for class action lawsuits .
Maya–the u.s.–like japan–will never go weimar or the way of zimbabawe cause they
have a goods and services producing economy…however that could all change if the democrats aka the Left continue to rent the social fabric in this country…a death wish has overtaken much of the productive class ..I can harly beieve that I am beginning to think Trump will lose…that would be the death knell for america….defund the police–empty out the prisons–al sharpton in the cabinet
As the u.s. dollar–to the surprise of many pundits, breaks down…it looks like PMs are starting some kind of correction
MICHAEL OLIVER: ALL STRUCTURAL MOMENTUM POINTING TO THE SKY FOR GOLD, SILVER, AND ESPECIALLY JUNIOR MINERS
Currently, momentum charts are looking very bullish for gold and the larger view shows that we are nowhere near being overbought.
He doesn’t believe the markets are going up for much longer, as often a bear trend can take a few months to settle in, which is likely what we will see. He compares today’s markets with the Nasdaq crash that started in 2000. Michael sees clear signs that Fed Chair Powell is in complete panic.
A chart of the Rig
The Staggering “Powell Bubble” In Just One Amazing Chart
https://www.zerohedge.com/markets/staggering-powell-bubble-just-one-amazing-chart
Maya
Some years ago I bought a stack of uncirculated ZIM 100Ts. Gave them away to people who would listen to me go on about fiat. Still have a bunch of them framed up in the office. I got them for a dollar each. At one time, about 10 years earlier, it took almost 2 USDs to get 1 ZIM. Always amazes me.
Cheers
MG
With all this millennial Robin Hood action buying Hertz, Carnival and other bankrupt cos, I have a suggestion…
Buy sterling silver stocks that use colloidal silver to defeat CV19 and vampires…
Robin Hood stole Sterling from the rich warrens of Buffet to give to the poor…
The Virus
Yes, in 20/20 hindsight the reaction was way overdone… but that is hindsight. When the virus first showed up in the world, we knew NOTHING about how virulent it would turn out to be. Initial indications were that it could be very bad, so who would want to take the chance of a really, really deadly pandemic?? Remember: We knew little or nothing about the fatality rates very early on.
Damned if you do… and damned if you don’t.
But I do think that TPTB took advantage of the emergency to strike a final resetting blow to the economy that was on borrowed time anyway. Longwave economics says we are overdue for a great depression, so….. HEEERES JOHNNY!