Loading ...I don’t know it showed a possible bounce that’s all but it bounced off resistance about 10 trading days ago. If I were trading I wouldn’t gamble with lows thing less you have stops. PMs are so messed up it’s hard to even depend on the charts for long positions less you have stops and only sometimes in a bull move. They’ll chop you money up. Least tradings free now I guess. If AI were to do options I’d do them in equities cuz they get more media attention and if they screwed around like do the PMs there would be trouble.
goldielocks @ 19:00
Roger that, it sounds good to me. Check out AU and AG tonight. Maybe after today we get a nice PMs rally.
Commish
That’s one of the reasons they are holding hostage the Capital protestors and treating them so bad to try to scare the masses and kept the fence around the house so long. Just in case people wised up and went after them instead of fellow citizens and businesses. Besides the criminal opportunist out to loot that is.
Mr Copper
I don’t know if gold has any more enemies but with the system spending notes like they’re going out of style I decided to pick up a tube of the new eagles since I only bought a few collector PGE first strikes of them a couple more pre 65 10 dollar silver face value and a Swiss franc I like them they remind me of nurses although for barter mostly.
Ipso
That’s what people need to learn. If having possessions or a lot of money made you blessed by God every frigging crook out there would be blessed.
Charlie Munger
“You should thank God for bank bailouts— absolutely required to save your civilization. So I think when you have troubles like that you shouldn’t be bitching about a little bailout. You should have been thinking it should have been bigger. You should thank God the government saved the big banks and their investors.
Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies. Suck it in and cope.”
Charlie Munger, Christian Science Monitor, September 30, 2010
News
Heard that a place in Texas a person called the police after seeing a bunch of immigrants in a restaurant sick coughing looked like Covid. It was and they said they had it but let in anyways and transported to a hotel called the Texas Inn bought up by the Catholic services to house them. While they tell us to mask up there causing this spread of the virus.
Meanwhile seniors and other homeless that can no longer afford housing are sleeping in their cars.
I watched part of the capital police taking at hearings like reading a script about the Capital protesters.
So phony and exaggerated and partly comical. One thing kid last name was Hodges was replacing the word protesters with terrorists. Terrorist did this the terrorist did that the terrorists. I had to laugh. Do they think people are stupid??!! If they can label a party that protests there’s as terrorists they can just lock them up WITHOUT DUE PROCESS like the cowardly commies they are. Unless a go fund me is started these political prisoners will never get a fair trial and not in a position now to speak uI about how their rights are being stolen and being railroaded by these criminals.
They won’t bring up what happened to the woman murdered by them. They won’t bring up how the F-BI encouraged them to go in the building or that they unlocked the doors. They wind bring up the objects flung at them like flash bombs hitting one of them I saw when they were just standing peacefully holding their banners and flags trying to instigate them. They won’t bring up Pelosi’s refusal to bring in security ahead of time.
Sng
Ps They are silencing the victims. I know it would be hard but they shouldn’t let them be harmed or killed while they go around killing others and get away with it. My youngest said one of her patients is now sick after he got the vax and they can’t figure out what it is.
Sng
can absorb what is said
Lol
What the spike proteins is doing is it can get into your blood vessels. That activates the immune system to react on both the protein and the waste products it was delivered in the package plus any waist products from the immune system attacking the protein. That causes a inflammation process similar to what the virus dies to your lungs that also causes the clotting.
What people need to do is counter , who have been getting sick from the vaccines need to go public and do like their doing with Covid treating it like a vaccine add and video themselves sick from the vax or family’s with a picture of their loved ones who died after being vaxxed to warn others.
Is there a Buyer of Gold at $ 1800…who would that be and why….
Comment: I don’t think physical Gold has any enemies anymore. If they do bash it down on occasion (margined paper speculators) the banks and gov’ts will buy physical on the dips. Why else would spot gold beholding $1800 so well?
Parts:
The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
Central bank gold buying 1971-2019
We have also seen a large effort by central banks to repatriate their gold from other countries, mostly from storage in New York and London.
Stocking up has made sense to many countries in the populist climate. It is also a sign of countries diversifying from dollars. The likes of Russia, China and even countries in Western Europe want to break the US dominance of the financial system, having seen it used as leverage in everything from economic sanctions to trade threats.
Note, populist climate is a reversal of the past after 2008. Also Trump supporters did not raid the Whitehouse, they were fed up anti establishment anti status quo people with a political message.
Whole story with charts:
Is there a seller of Gold at $ 1800…who wud that be and why….
So nice of the US government to use taxpayers funds to rip off the same taxpayers, when they retire, by faking inflation No’s.
Utter shock Fed PM bearish Dollar, SM bullish
just like every single eco fact/Fed statement ….the odds on that are just slightly greater than Joe Biden rivalling Einstein, as the smartest man that ever lived.
Ha! Surprise, Surprise
Fed does nothing new because mostly they can’t change a damn thing without destroying Government debt and the US economy.
As always it’s pure comedy.
ipso facto @ 12:49 When was the last time we had a good day when the FOMC was going on? Good Point.
I just knew after the 2008 finale crash that the prior trends agendas etc since 1971 were no longer possible or viable and everything had to change or reverse for the USA. Trump was only one of the many reversal signs.
It was the first time we got a president that was a patriotic American, a wealthy Joe Sixpack type that became president and really screwed up the over confident obnoxiously anti American status quo.
Those lame brains thought for SURE Hillary was the next president. 🙂
PS on China: You could say China has involuntarily recently started “killing itself” exactly like the USA did after 1971 (for the global greater good) when we went off the Gold standard. Remember? Gas lines, US Car manufacturing, consumer and industrial products manufacturing rotated over to various foreign nations.
PS on this dip that started May June? I’ve got plenty of cash on the side, and if there are no more torpedoes happening, I’ll be attacking with a vengeance on all those prior top performers.
The 2008 Financial Crash In The USA Was The Beginning Of A Down Trend For China’s Economy
In 2008 the USA make believe economy was finished, the 105% sub prime, zero down, no document liar loans worked great after 9/11/01 but went bad in 2008, and took many countries economies down. The US Consumer was crippled after that and all the stores started closing. Its all simple arithmetic. I know of lots of people stopped paying and living free in homes for many years. The global financial leaders are in a fog.
Below parts of story:
Chinese state media talked up the market after a wave of selling that had seen nearly $1.5 trillion of market value wiped off Hong Kong and mainland shares in the three trading days through Tuesday,
Investors have dumped stocks in the crosshairs of Beijing’s sweeping regulatory crackdowns, with selling also spreading to bond and currency markets.
“China’s ‘national team’ may be getting ready to ‘stabilize’ markets,” “It is doubtful, though, that the repricing of China equities for government regulatory risk has run its course.”
The Hang Seng Tech Index jumped 3.1% after plunging about 17% in the previous three sessions. “Recent policy and regulatory developments have led to increased risk premiums for Chinese equities at the least,”
The jawboning by state media follows dramatic market moves this week that underscored the fragility of investor confidence amid a months-long regulatory onslaught by Beijing.
Traders fear the latest crackdown on the education, tech and property sectors could expand to other industries such as health care, as China looks to tighten its grip on Big Tech and reduce the wealth gap. The government has targeted private enterprises it blames for exacerbating inequality and increasing financial risk.
Mr.Copper
Looks like a bottom to me too …
When was the last time we had a good day when the FOMC was going on? A real rarity!
KOW
1929, 1968 to 1982 Dow under 1,000, 1987, and the March 2000 stock market crashes.
Is it possible China will start “paying their dues” in this next century? I think that country and its consumers have been spoiled, and US Consumers have been gradually ruined and that’s why so many retail stores all shut down way before the COVID excuse.
Its literally Americas turn to be spoiled. Right after the next big global market crash. Hopefully soon. 🙂 Get it over with after the financial Laxative finally kicks in like 1929.
@ipso facto, @Buygold Is it Soup Yet? :)
It feels to me like we are at a bottom here, especially Silver prices. We’ll see what happens after the Fed states his case at 2:00 pm I guess. The regular stocks are over priced, the Miners are under priced.
If or when the Dow SnP crashes soon like what quietly going on in China, I hope it doesn’t take us down too, since everything is so “mechanical” with those computerized trading machines.
silverngold
Which PMs mining stocks do you own and like to play?
DR ABDUL ALIM MOHAMMED – SPIKE PROTEIN ….and what it does to you and everyone else around you when you get the jab.
IMO worth your time if you have an open mind that can absorb what is said. Very clearly explained and FYI!
