Posted by Buygold
@ 11:07 on June 24, 2025
The worst indicator I’m seeing is that GLD has dropped just below the 50 dma for the first time all year. Hopefully as the day goes by it pops back above and is a head fake down.
The silver shares seem to be outperforming. Not sure why.
It appears for some reason everyone think the risk off trade is back on and commodities are getting worked across the board, but mostly pm’s and oil.
All the action makes very little sense given the dollar weakness and rates falling.
Gold hasn’t moved in quite a while now and it always seems with gold if it’s not going forward it’s going backward. That bothers me, but the action in the dollar should be friendly if it continues.
The hope is that this might be very temporary. We’ll see how they close them.
Posted by goldielocks
@ 10:34 on June 24, 2025
Israel is hopelessly bias against them in turn. When peace talks and plans to allow the inspection of their nuclear plants to be used just for fuel were underway Isreal murdered them then turned around to insinuate they weren’t negotiating. Iran puts down their gun Israel picks theirs up. Isreal wasn’t negotiating it was dictating and sabotaging any peace talks which have to be two sided. Again to stir up trouble trying to force Trump’s hand in war because for every action there’s a reaction. Oh look Irans bombing us. theyre not supposed to fight back, we didn’t do anything.
Trump is now losing patients after the ceasefire was broken with Israel unloading everything they had on them and striking air bases and again for every action a reaction then the they’re not supposed to fight back. Your supposed to ceasefire we can do whatever we want. They’re acting like children in a fight instead of adults like it’s a game or something. Trump was so frustrated he said they don’t know what the F they’re doing.
Posted by Buygold
@ 10:28 on June 24, 2025
Hope all is well and a little break gives you some peace in very chaotic times that are affecting all of us in different ways.
As you know, I’ve done this quite a few times over the years and it has always been better when I came back around. Enjoy brother.
Posted by deer79
@ 9:51 on June 24, 2025
In the meantime, the cease fire has been broken, but that doesn’t matter when the algo’s can take out the major “stops” on the downside…….
Never never ends….
Posted by treefrog
@ 9:11 on June 24, 2025
the battle for $36 continues…
Posted by Maddog
@ 8:22 on June 24, 2025
Posted by Maddog
@ 7:48 on June 24, 2025
Japan’s debt markets are beginning to blow up.
Japan is the grandfather of monetary policy insanity. Every crazy move western central banks have introduced in the last 15 years was first introduced by Japan a decade earlier. The U.S. first introduced Zero Interest Rate Policy (ZIRP) and Quantitative Easing (QE) in 2008. Japan’s central bank, the Bank of Japan (BoJ) introduced that lunacy in 1999 and 2001, respectively.
Since that, the BoJ has:
Bought so many shares in Japanese stocks that it is the largest shareholder of Japanese stocks in the world. Indeed, it is a top 10-shareholder in 40% of the companies trading on Japan’s stock market: the Nikkei.
Acquired over 50% of Japan’s debt outstanding.
Launched a single QE program equal to 25% of Japan’s GDP.
Cut interest rates to NEGATIVE
https://www.zerohedge.com/news/2025-06-23/forget-about-iran-real-issue-japan
Posted by ipso facto
@ 7:40 on June 24, 2025
Posted by Buygold
@ 5:09 on June 24, 2025
and the SM is going crazy up, while oil is getting clobbered again, threatening to break below $66.
The dollar is down with pm’s, while rates are flat. PM shares look weak after they fizzled yesterday.
Nothing else to report while we wait for the big PEACE AND CEASFIRE to be broken. Because if there were ever two countries ready to turn Trump into a fool it will be them. Besides, the deep state run by the same bunch in the Pentagon doesn’t want peace.
Posted by Maddog
@ 3:56 on June 24, 2025
Posted by Maddog
@ 3:55 on June 24, 2025
Al Jezeera is hopelessly biased against Israel, always has been….
Posted by Maya
@ 3:15 on June 24, 2025
Posted by goldielocks
@ 2:17 on June 24, 2025
Banned from reporting from Israel. Videos and pictures in Israel.
Trump said both Iran and Israel contacted him wanting peace and righousmes. No present news on any more attacks by either side.
https://www.aljazeera.com/news/liveblog/2025/6/24/live-trump-announces-ceasefire-no-confirmation-from-israel-iran
Posted by goldielocks
@ 0:07 on June 24, 2025
Posted by goldielocks
@ 23:30 on June 23, 2025
Hope it stays this time and resolves the uranium conflict the demos can’t even screw up.
Posted by goldielocks
@ 15:54 on June 23, 2025
Posted by goldielocks
@ 14:44 on June 23, 2025
This didn’t mention the private sector numbers. A PMI above 50 suggest expansion in that sector, below 50 suggest contraction. The other two could be either from public or private.
The U.S. ISM Services PMI for May 2025 was released today, showing a decrease to 49.9, down from 51.6 in April. This indicates a contraction in the services sector. The ISM Manufacturing PMI was also released, showing a decrease to 48.5, down from 48.7 in April.
Posted by Buygold
@ 14:14 on June 23, 2025
Wow just saw that with oil, down 5%. I don’t have any skin in the oil game so I’m not exactly upset by the drop because of gas prices. If you’re taking a hit, sorry about that. I wonder what they know, or think they know?
We’re getting totally hosed in the pm’s today too given the reversal and drop in the dollar and rates. We should be having a big day.
The volume is decent for this time of day and heavy in AG and EXK among the silvers, but looking about average with the large golds and the ETF’s
Will be interesting to see if things pick up here in the last couple hours. The booger eaters have kept the metals down all day for the most part while we should be running hard.
It looks like there’s some interest in the bond market, maybe the Fed has leaked that they’re about to start easing. I know Fed Governor Waller came out Friday on CNBS and said they should be cutting. Hard to believe it would be a flight to safety.
Maddog said rightfully that the big money is largely controlled by Jewish interests, maybe a quid pro quo going on for dropping the bunker busters. I’d like to think that doesn’t happen, but no doubt it does, and for Trump’s eco plan to really succeed he needs rates back near zero or in-line with Europe at the very least.
Posted by Captain Hook
@ 14:13 on June 23, 2025
… for some strange reason … Chinese citizens don’t like losing control of their money and increased complexity … especially when it expires after six months or a year … (YouTube won’t allow me to copy the URL – but here is the link)
China’s Digital Yuan Experiment FAILING — Citizens REJECT State Money, Panic GROWS – YouTube
This will happen in the West as well … they want cash back.
It’s in the bible … 42 months of this crap max (don’t know when it starts – may already be counting) … the commies will have to find real jobs.
Chuckle
Posted by goldielocks
@ 14:05 on June 23, 2025
Those are all good points. The main stream media has been busy putting out propaganda on Iran for days that look like they are trying to give any reason they can which isn’t as simple with a partial story, to justify war with Iran. Meanwhile theyre silent about Ukraine. I have some ideas about that but war games or strategies are not my field. To me a good war is no war.
Posted by Maddog
@ 13:57 on June 23, 2025
Posted by Maddog
@ 13:56 on June 23, 2025
This action in Oil is classic as u say…..Serious trouble in the ME over the weekend…..pay the open Sunday evening……lose yr arse by Monday afternoon…..
This has happened so often….
Posted by deer79
@ 13:30 on June 23, 2025
of these manipulators knows no bounds………they think they can control every financial derivative to their advantage……..
Posted by deer79
@ 13:09 on June 23, 2025
The scum have done a number on Oil today. There were headlines about the possibility of Iran attacks on US bases occurring soon……
So what does the scum and its algorithm do?
Bomb oil for $3 to the downside…………..so utterly predictable. The algorithms have taken historical patterns and thrown them out the window…..
Posted by Buygold
@ 11:57 on June 23, 2025
I think that’s right.
They’ve got our silver sector pinched today. We should be doing better.