You may be right, but I am not convinced President Trump has conceded, or given up.
If Anybody Was Waiting For A Dip, This Looks Good, Like Early November A $120 Drop And Dollar Bounce In 3 Days
Is this drop discounting the worse employment numbers? Or no more stimulation? And no more dropping with the Dollar? Huh? Or the gov’t and banks wanted a short term buying dip for themselves.
Maybe the Fed and Gov’t should engineer a Bitcoin Drop and gorge themselves, and at $100,000/ bit coin they can pay off the $28 Tril national debt. Why didn’t they load up on TSLA??:)
@Captain Hook 13:22 I agree, And Hopeful, And Sticking To My Bernie Madoff Reversal Prediction
“If You (or they) Were Getting Away With Something Not Kosher, You (or they) Better Stop Before You Get Caught”
Everybody knew Bernie’s profits were too good to be true before 2008. Add the unenforced immigrants flooding the cities. The Sanctuary Cities. Europe not contributing to NATO making the USA pay it all.
No tariffs on unlimited imports from China. Unreasonable extreme Environmental Regulations shutting down US Corporations. Over taxed domestic corporations, forcing them to shut down or move operations overseas.
The latest “getting away with” seems to be the peak apex reversal of getting away with rigged elections. I remember when “they” didn’t want Papa Bush to get a 4th term. (he had 3 with Reagan) “they” abruptly raised rates before election day, caused the “bush recession” and he lost the rigged election.
If NONE of the above ever happened, there would be NO Donald Trump in 1917, and NO invasion of the Capital this week. All those presidents and Congresses BEFORE Donald Trump, were the CAUSE or RESULT of a Donald Trump.
Its looks to me like a revolution (reversal) against the past (1975 to 2008) going on since 2008. Its time to be happy. The COMEX has been getting away with something not kosher. So its only a matter of time.
In fact I’ve been thinking, they don’t seem to be bashing Gold like they used to. Maybe because “they” finally want it to go up because they own so much (insurance), and are abusing and taking advantage of a dollar that still works. Like burning your old house down to get the insurance.
And some futures player the other day posted strange happenings on the COMEX.
Cheers
Oreef
China Joe’s plan is dead simple….he will hold Yard sales every Friday out the back of the Whitehouse in Mandarin and fly the Chinese in ….
Kentucky @ 13:57
There is nothing else…that’s all that matters.
But don’t let reality spoil your day.
Party on dude.
Captain Hook Comex
I agree and many have said the same thing for at least the last 20 years. London is also if not more involved. We know the problem and it has not and will not change. Move on to something else.
Trump calls for smooth transition…
…that means he was either threatened, is in on it, or is an idiot because there will never be another fair election in America ever again.
Again…thanks Donny.
Have a nice day.
Mr.Copper @ 12:45
Comex needs to be exposed for the fraud it is and the only way to do that is to take delivery of physical and remove it from COMEX storage facilities or they will just keep recycling their fractional scam.
Cheers
One Year: Americans Gold Price is up 23.31% Europeans Gold Price Up 11.62%
I remember back in 1980 when gold went from $140 to $800, I heard Gold went down in Switzerland. Huh?? 🙂
Scum at it again
Try to buy phiz at these levels. The metals dealers are suddenly “out” of almost everything except what has exorbitant premiums. That inventory will suddenly appear on the next rally.
rno
@Captain Hook re your ETFs 10:16 “So to all the idiots out there – stop buying calls on the derivatives and buy physical and take delivery.”
Isn’t the COMEX futures market the same artificial supply demand thing? Where the players are actually “voting” the prices. My friend used to buy Oil and Cocoa. But he didn’t even HAVE any Cocoa or Oil to sell. And he certainly didn’t want or need any Oil and Cocoa. I think 80% of futures contracts are phantom contracts.
I remember times when a frost was coming to Fla, so all the gamblers start buying OJ contracts, and drove prices of CONTRACTS way up. It didn’t get any higher at the super market.
I remember when the gov’t helpers Futures market players (like Goldman Sachs) put the Dollar down to 72 to help the USA export, but it pushed Oil up to $145/bbl, WITHOUT excess demand. The abnormal fake high price $145/bbl caused investment and over production on top of less use by consumers $4.40/gal at the pump. And bingo, a falling price to $28/bbl.
I’m optimistic for the future, because the present is so bad and future looking worse. In 1975 I was pessimistic for the future because THAT 1970 present was so GREAT but I saw and heard things that suggested the future was net down hill, like a ball going down the stairs. Couple of fake booms on the way down.
Ororeef @ 11:45
Trump needs to set up shop in Florida and business will migrate there.
Of course the commies won’t allow it.
Have a nice day.
Trump
needs to set up his own legal White House across the street and stay in Politics just as Obama did.
Ororeef @ 11:15
How about shutting the economy down and doubling taxes (he has already indicated this for cap gains).
How does that sound?
No wonder he got so many votes.
Chuckle
Ask Biden what his plan for economy and jobs is
Blaming everything on Trump is not a plan ,pressure him to disclose his “PLAN”.
What is his plan to stop JOB loss…Democrats hiding in basements is not a plan…
JOBS,JOBS,JOBS …. speak up whats YOUR PLAN .The buck stops with you !
47 years of experience ,you must have a PLAN ,WHAT is it ?
The future’s so bright
I think I’ll puke
Buygold @ 10:01
I told you guys a long time ago the bankers have the rig in the markets perfected because it preys on greed and human emotion so it’s self-fulfilling. They know that as people see the currency debasement accelerating idiot specs will buy calls on the ETF’s and give the computers the necessary distributions to suppress prices. This is exactly what is happening right now. And now they also have bitcon to siphon off PM buying as well.
Until this stops…expect more of the same.
I think it will go until the commies are firmly implanted in DC in March – the timing being the same as the tech bubble in 2000 on a seasonal (annual) basis. (the commies will want to crash stocks and bonds then to move to the next stage of the takeover – making increasing numbers dependent on them)
Again, PM’s did not do well in 2000 and they won’t later this year either unless the idiots in this country start buying more physical.
That’s the only way PMs will go up from here unless the bankers want them to go up (not likely).
So to all the idiots out there – stop buying calls on the derivatives (ETFs, etc.) and buy some effing physical and take delivery.
Captain
He might be looking at me from the outside but I’ pretty old and really have no intention of peacefully walking into one of those re-education FEMA camps. Fortunately I live where I do and expect to have fair warning before the roundups and gun grabs start.
I can’t believe our metals and shares are getting crushed like this even though I’ve seen it a couple hundred times.
It gets so old.
Trump hurries to loosen mining regulations, approve projects
Outgoing US President Donald Trump’s administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes.
Administration officials tell Reuters they plan to publish a raft of decisions on Jan. 15 that will expand miners’ access to federal lands, give final approval to Lithium Americas Corp’s Nevada lithium mine and approve a land swap for a Rio Tinto Ltd Arizona copper mining project, among other steps.
SIGN UP FOR THE COPPER DIGEST
Biden will be able to reverse some of Trump’s changes, especially proposed rules under regulatory review. But some of Trump’s steps will either be irreversible or require Biden to restart the rule-making process, a years-long effort, which is a concern to environmentalists.
Trump hurries to loosen mining regulations, approve projects
copper…
…still creeping up. $3.68 this morning.
Gatling Targets Aggressive Zone Growth and Near Surface Mineralization at Larder Gold Project with 25,000 m Drill Program
https://finance.yahoo.com/news/gatling-targets-aggressive-zone-growth-130000468.html
Regulus Extends Mineralized Footprint at the AntaKori Copper-Gold Project
https://finance.yahoo.com/news/regulus-extends-mineralized-footprint-antakori-135400358.html