Posted by Mr.Copper
@ 9:43 on March 15, 2022
That makes sense to me, assuming globalization and everything is in reverse. They benefited the most from open border globalization, so should get hurt the most. And all smaller local businesses that had to complete with foreign countries globally and shut down should come back. And regarding the crazy commodity price charts? Let’s not be surprised of a massive deflation taking hold. A reversal of 100 plus years after 1913 Fed creation of inflation. I remember hearing about somebody’s grandfather bought three houses in a row during the depression. Plus he was offering holding mortgages because he had a lot of cash. Maybe as things unfold, it will be the gold and silver considered cash and buy houses with $1000 face value silver coins. I saw that around 1980. Houses $25-$40k and a $1k silver Bag at about $30k.
Posted by ipso facto
@ 9:41 on March 15, 2022
Posted by goldielocks
@ 9:39 on March 15, 2022
Yeah I see the games and as long as the interest rates start to climb they should be happy but only temporary. Maybe they’re hoping to dump their short positions.
Even if this attack on Ukraine stops it’s not going to suddenly reverse the gas shortage or agriculture issues or inflation. I’ve been out for awhile so just started trading s little st a time so decided to sell half on Ag and only lost a few bucks cuz they got a ex divi date coming up so think it slowed the selling.
Posted by ipso facto
@ 9:23 on March 15, 2022
Posted by Captain Hook
@ 9:11 on March 15, 2022
Looks like the bankers set another trap for precious metals via algo driven trading of shitty Comex paper.
Don’t fret however, the bull move is not in danger unless gold dips below $1760 electronic print.
This type of irrational volatility on a day the PPI prints a double digit gain is consistent of a temporal transition into an accelerating bull.
That means volatility will increase in both directions.
Hang tight folks.
Posted by goldielocks
@ 7:07 on March 15, 2022
I was going to go short oil yesterday morning but got side tracked with other things. Oh well. It will probably pick up before summer. Yep and Biden will blame the recession on Putin or something.
I’m going back to sleep or try to anyways.
Posted by Buygold
@ 6:40 on March 15, 2022
Yeah, going to be a tough day unless the Producer Price Index has some impact.
Oil is down 6% so pretty much all the commodities are following its’ lead.
Yield curve is in the process of inverting as 7 yr. now yielding more than the 10 yr.- can’t imagine it will be much longer before the 2’s and 5’s do the same thing – which mean 100% chance of recession, but we here all know it will be worse than a vanilla recession.
Posted by goldielocks
@ 6:11 on March 15, 2022
China: Businesses shut as officials widen Covid lockdowns
* By Zubaidah Abdul Jalil and Annabelle Liang
* BBC News
15 March 2022, 04:49 GMT
Updated 2 hours ago
Multinational companies have halted some operations as China widens its Covid lockdowns – among its biggest since the start of the pandemic.
Tens of millions of people across the country face restrictions, including the entire Jilin province and technology hub Shenzhen, as authorities report record numbers of cases.
Toyota, Volkswagen and Apple supplier Foxconn are among the firms affected.
The lockdowns have raised concerns that crucial supply chains may be disrupted.
https://www.google.com/amp/s/www.bbc.com/news/world-asia-china-60703301.amp
Posted by goldielocks
@ 6:06 on March 15, 2022
China orders 51 million into lockdown as COVID surges
HONG KONG — China is facing its worst COVID crisis since early 2020, when the world first witnessed an entire population locked down to contain the coronavirus in Wuhan and its surrounding province.
https://www.google.com/amp/s/abcnews.go.com/amp/International/china-orders-51-million-lockdown-covid-surges/story%3fid=83431247
Posted by goldielocks
@ 5:59 on March 15, 2022
Well here we go, 1928.63 silver 24.62 Let’s see if it recovers any by open.
Posted by Maya
@ 0:18 on March 15, 2022
Posted by ipso facto
@ 22:10 on March 14, 2022
Posted by silverngold
@ 22:00 on March 14, 2022
Posted by silverngold
@ 21:43 on March 14, 2022
Pretty encouraging IMO. Maybe people are beginning to wake up…. Lotsa Deep State exposure and also some warnings about possible EMP blamed grid and internet outages FWIW!
Posted by goldielocks
@ 21:16 on March 14, 2022
I don’t Expect it to be exact but cool chart.
Posted by Ororeef
@ 20:13 on March 14, 2022
is a SEASONAL LOW for Golds….dont capitulate ! look at the charts for March !! BUY dont sell ! BUY March 30 and JULY 4
Posted by ipso facto
@ 19:32 on March 14, 2022
… but we were getting quite overbought. Probably need to deal with that before we go higher. Now as long as we don’t have one of those multi month corrections! I don’t think we are … too many bullish factors.
Posted by ipso facto
@ 18:12 on March 14, 2022
“MBS Invites Xi Jinping To Riyadh To Strengthen Ties”
Since the bedrock of the dollar is the petro-dollar this could be enormous!
Posted by goldielocks
@ 17:00 on March 14, 2022
If Trump were still in office we could get you oil plus we could do business with the Canadians despite Trudeau. They wouldn’t have to resort to this. But perhaps of they and the Clintons didn’t talk Ukraine out of giving up their Arms maybe Putin would of thought twice in the first place.
But we have political whores in office here and anyone mixed with the NWO. If they cheat in their own home what’s stopping them from cheating on the next.
Posted by goldielocks
@ 16:50 on March 14, 2022
If gold breaches 1950 by much I’m getting out and maybe pick up some shorts. I heard Apple is pulling out of China. I got a message on ameritrade that there is things in the works about freezing anything Russian, even mutual funds. So that’s probably affecting the market. Then we have the Fed raising rates coming up and will they try to prop up the market or curb inflation and make it higher than expected?
Gold/ Silver will be forming a head and shoulders if it drops below support. There no reason not to be worrying long but I try to stick to a certain percentage of loss and sell than waiting for it to recover especially in commodities it works better that way. I can then buy more on the dip.
Gold dropped to 1952 and recovered. Practically right on the line.
Posted by Maddog
@ 15:57 on March 14, 2022
Posted by Buygold
@ 15:09 on March 14, 2022
I don’t follow Sibanye, but it might be a little overdone if it’s like everything else. Everything I do follow is selling off on below average volume.
Course if we keep going down I suppose volume will increase.
This selloff doesn’t really scare me too much, there are some potentially bullish stuff happening this week and we should hold up at HUI 280. JMHO
Posted by Maddog
@ 14:29 on March 14, 2022
Re Chile
Agree yr right to be nervous……seems like it is a perpetual curse in SA, as soon as they get $ 10 and a roof over their head they go all socialist.
Posted by Mr.Copper
@ 13:20 on March 14, 2022
So did SBSW, Sibanye Stillwater PGMs miner way down and 7.6% x div date coming up March 24. Usually they all go down after a div payout. I did good with this one way back I may tip toe into it now.
https://finviz.com/quote.ashx?t=SBSW&p=w&tas=0
Posted by Buygold
@ 13:02 on March 14, 2022
Slowly at first and then all at once?
That money has to go somewhere. I’m betting on gold and silver, although silver is acting like an industrial metal today.
Anyone really think this will be resolved anytime soon?
Foreign Minister issues appeal to West: “To those abroad scared of being ‘dragged into WWIII’. Ukraine fights back successfully. We need you to help us fight.”
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