Or more!
Quad Witching in play
I don’t know how it’s going to affect gold stocks or certain over bought sections but heads up. learned this info from a fellow Wisconsinite.
19 th is called quad witching. When quarterly weekly monthly and futures contracts all expire on the same day
A ton of premiums of expired options will fall off the books that day.
Since it’s been extremely bullish people been buying tons of call options so all these big institutions want to drive down the prices so all those call options expire out of the money and they get all that premium for free and after that passed they don’t care anymore and they can let the stocks go back up basically.
Gold USD
Starting this year a pretty clear inverse between gold and dinero so far. Currently dollar is moving up.
Rates Higher From August, Gold Lower Since August
Interest rate chart 1.6% from 1/2%. Its a mile above the 50 dma and two miles above the 200 dma. That thing should turn down. Unless its manually controlled.
Opposite thing with Gold. Its five miles below the 50 and 200 dma and should rotate. Look at August. Gold is “10 miles” above the 50 and 200 dma and it did rotate.
Deflation???
Ipso 21:15
According to her and Bloombergs math were getting ripped off with this 1.9 trillion relief package! Where is fake news when you need them! We should be getting millions this time!
Even if we did old math every American should be getting 5,810.
Buygold
“Will holding pm’s and pm’ shares be an adequate strategy for retirement or is it too risky?”
You tell me! All I know is don’t count on it but don’t discount it.
The racketeering immoral heartless scum are like cornered rats and will attack to the death rather than give in and be captured. For that reason I am sure there is notable risk that in the endgame we are jailed for collusion or possession of illegal financial assets – or big gains from holding select stocks will be investigated as gaming the market and the gains taxed away as windfall. – Whatever they need to do to make an example for others to see that there is no escape.
But being a generally positive person I won’t give in totally but I won’t rely on the PM sector alone. So far the only sure bet in my mind, not being in the 0.0000001%, is to never stop working. Or have 12 kids and hope a few of them remember you in your final years?.
Let me know if your research gives you other ideas worth sharing.
I do have a friend who seems to be doing well in his investing and he says “Its easy! Just find a company that is truly transformative in its approach and invest in them!” He rode Amazon up, ROKU, Bitcoin, many other similar rocketships in the past. Early in the internet days he bought a bunch of printers and set up an online printing service where people would send him documents and photographs to be printed and $ent by mail back to the customer. Said he paid for all the printers and made a few tens of thousands before it died down due to competition. Every week I see him at the skating rink he has more recommendations but I’m too busy to chase paper like that… Maybe I can change my priorities and actively follow the stock market?? naaaa
Ipso –
“It looks like most everyone made it to this new site. Bueno!”
I haven’t seen Floridagold ?
So now
Higher interest rates only adversely affect the metals? Give me a break….
Re Sprott silver
according to yr mates maths…that is @ 500,000 oz each for every man woman and child in the US !!!!!!
Sibanye calls for mega-merger with AngloGold, Gold Fields
Sibanye Stillwater (JSE: SGL) (NYSE: SBGL) said on Monday that South Africa’s top gold miners should merge and create a rival to the world’s largest producers, Newmont (NYSE: NEM) and Barrick Gold (TSE: ABX) (NYSE: GOLD), or risk being acquired.
Chief executive Neal Froneman said he believed that combining his company with Gold Fields (JSE, NYSE: GFI) and AngloGold (JSE: ANG) (NYSE: AU) would be in South Africa’s national interest, Johannesburg-based Business Day reported.
David Tepper is getting bullish on stocks, believes Treasuries sell-off over
The rates (and scum:) are the wild card. They’ve been going up since August. Maybe oil had a headwind on the way up and would have been even higher. I guess the rocket attack in Arabia last night turned into nothing so far. If the rates start dropping as per stepper, then even PMs looks good. Why is this crap always a puzzle? But we can handle it, we’re men. 🙂
Part of link:
The swift advance in yields hit tech stocks particularly hard as these companies have relied on easy borrowing for superior growth.
Tepper believes Japan, which had been a net seller of Treasuries, could start buying the U.S. government bonds again following the surge in yields. The potential buying force could help stabilize the bond market, Tepper said.
“That takes a major risk off the table, and it’s very difficult to be bearish,” Tepper told Kernen.
Another bullish catalyst for stocks in the near term is the fiscal stimulus package that was just approved by the Senate, Tepper said.
David Tepper is getting bullish on stocks, believes Treasuries sell-off over
New Poll New Poll
Vote Vote!
It looks like most everyone made it to this new site. Bueno!
POLLS
I made it to the new site
Yes (90%, 38 Votes)
No and also I’m a big fat liar! (10%, 4 Votes)
Total Voters: 42
Maund
Gold Market Update – at critical juncture NOW
https://www.clivemaund.com/gmu.php?art_id=68&date=2021-03-07
spot silver
going from red to green this morning. 🙂
Benchmark Drills 1.66 Gold Equivalent Over 186.00 Metres Extending Depth And Continuity Of The Mineralizing System At Cliff Creek South
https://finance.yahoo.com/news/benchmark-drills-1-66-gold-010000690.html
Banyan Gold Commences 2021 Drill Exploration Program At Aurmac Property, Yukon
https://finance.yahoo.com/news/banyan-gold-commences-2021-drill-103000534.html
Wallbridge Continues to Report Wide Intersections from Definition Drilling at Fenelon
https://finance.yahoo.com/news/wallbridge-continues-report-wide-intersections-113000328.html
Bonterra Announces Permitting Process for Bachelor Mill Expansion is Two-Thirds Complete
https://finance.yahoo.com/news/bonterra-announces-permitting-process-bachelor-133000903.html
Gold Lion Provides Exploration Update on Robber Gulch
https://ceo.ca/@thenewswire/gold-lion-provides-exploration-update-on-robber-gulch
Mountain Boy Confirms High-Grade Silver Samples at Theia, Golden Triangle, BC
https://ceo.ca/@newsfile/mountain-boy-confirms-high-grade-silver-samples-at
Osisko Files Technical Report for Windfall Mineral Resource Estimate Update
https://ceo.ca/@nasdaq/osisko-files-technical-report-for-windfall-mineral
Coffee Time
Morning Folks
Downside action is not over yet …….
Sigh
Winedoc
Morning Maddog
Big Surprise eh. Down again.
USD up, rates up. Adios pm’s.
It took the scum all night
but they now have AU down on the day after an up opening….but Bonds are not listening, nor is Oil….weak PM’s are going to look increasingly wrong, if they don’t get Bond’s and Oil under control.
Gold Train
Flying High in the mountains
https://railpictures.net/photo/749744/