Posted by Richard640
@ 11:08 on August 21, 2014
Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders
Submitted by Tyler Durden on 08/21/2014 10:12 -0400
Philly Fed Renaissance
Philly Fed has beaten expectations for 6 months in a row with its biggest surge since the 2009 lows. Against expectations of 19.3, Philly Fed printed 28.0 – highest since March 2011 all-time highs. All sounds awesome right? Umm, no, 7 of 9 internal declined including – New Orders tanked, Employment tumbled, Prices Paid plunged, and Prices Received slumped. So, in case you were wondering how it is possible that Philly Fed surged given such shitty internals, the 6-month forecast index (“hope”) just surged to 22-year highs. And not only that: put all hopes of that long-delayed CapEx renaissance on hold: “While most broad indicators of future growth have been improving, the survey’s future capital spending index has been slipping. Although the index decreased just 1 point this month, its reading, at 17.5, is now the lowest it has been in seven months.”
Look forward to Yellen talking soon about lack of capital spending as a pretext to keep ZIRP on for much, much longer
http://www.zerohedge.com/news/2014-08-21/philly-fed-surges-highest-march-2011-despite-plunge-jobs-new-orders
Posted by sbr
@ 11:00 on August 21, 2014
Armstrong has an ECM turn SEPT 4.
The ECB has a meeting that day on policy. That could be the day Draghi goes all in. With the oceans of money in Japan and teh US, if he floods Europe I think gold and silver will finally catch a bid.
US inflation should be intense.
Posted by Buygold
@ 10:59 on August 21, 2014
yeah, but now you have Armstrong according to sbr calling for 3K SPX. I have no doubt they’ll probably get there. Really wish I’d been riding that train for the last few years instead of this one.
sbr – talked about ANV getting ready to breakout yesterday. ANV confirming that every breakout or potential breakout in the pm sector is sold. Works like a charm. Wouldn’t be surprised if it gives up all of yesterdays’ gains.
Posted by commish
@ 10:54 on August 21, 2014
on what life is showing me. I can’t make any sense out of it.
Posted by sbr
@ 10:51 on August 21, 2014
SPX is on track to hit 3000.
The ECB will flood the periphery with up to 2Trillion in Euros.
Speechless.
Posted by ipso facto
@ 10:50 on August 21, 2014
“We haven’t had a 10% correction in the SM for 1100 days or some such nonsense. Just ridiculous.”
Kinda reminds me of a clown at the circus juggling plates high on a pole … and they keep on adding more and more plates.
Posted by Buygold
@ 10:36 on August 21, 2014
Wanka – thanks, something tells me I’ll be using that one in the days ahead.
sbr – nothing has made sense in markets for a long time now. They are all manipulated 24/7 since at least 2008. Bonds are definitely not confirming the new SM highs. Oil doesn’t confirm a strengthening economy.
We haven’t had a 10% correction in the SM for 1100 days or some such nonsense. Just ridiculous.
Posted by Mr.Copper
@ 10:26 on August 21, 2014
That amount of money is what the USA paid in world gov’t taxes. It’s how much MORE the USA spent on imports, than we got from our exports. The trade deficit. Basically we lost even MORE if you figure that trillion amount was only what was borrowed and added to the national debt.
Posted by ipso facto
@ 9:58 on August 21, 2014
Argentex Increases Pingüino Silver-Gold Project Mineral Resource Estimate to 26.7 Million Ounces Ag Eq. @ 132.3 g/t Ag Eq. Indicated and 7.0 Million Ounces Ag Eq. @ 98.0 g/t Ag Eq. Inferred.
http://finance.yahoo.com/news/argentex-increases-ping-ino-silver-133000682.html
Posted by ipso facto
@ 9:55 on August 21, 2014
It only makes sense if you acknowledge the puppeteers.
Posted by Buygold
@ 9:47 on August 21, 2014
I guess Yellen AND Draghi are speaking tomorrow. That’s twice the reason to smack gold today. Surprisingly silver isn’t getting hit that bad – yet anyway. Nonetheless, I need to borrow floridagold’s favorite emoticon.
Posted by sbr
@ 9:43 on August 21, 2014
30 year just broke out of a wedge.
This whole world makes zero sense from a financial perspective.
Posted by ipso facto
@ 9:38 on August 21, 2014
Saw a news blurb of Ferguson protestors. One fellow had a sign: “God Bless ISIS.”
Posted by Buygold
@ 9:18 on August 21, 2014
Yellen must be giving a really dovish speech, hence the need to smash pm’s for the millionth time in the last few years. No rhyme or reason, started last night and finishing the job today. Tiresome drill.
Posted by ipso facto
@ 9:10 on August 21, 2014
Avino Reports Second Quarter 2014 Financial Results
http://finance.yahoo.com/news/avino-reports-second-quarter-2014-214300254.html
Endeavour Silver Acquires La Bufa Property Adjacent to Existing Endeavour Properties in the Guadalupe y Calvo Gold-Silver District, Chihuahua, Mexico
http://finance.yahoo.com/news/endeavour-silver-acquires-la-bufa-113000654.html
Posted by Maddog
@ 8:44 on August 21, 2014
You almost wish the teacher would meet some of IS’s crazies and see how she handled them !!!!!!!!
Posted by pgr2.45
@ 8:21 on August 21, 2014
.. and I don’t mean hookers:)
Maybe platinum. I wonder if BorderGold will do free shipping..hmmm.
My platinum / gold ratio target of 2.45 has been slipping away from me lately.
http://stockcharts.com/freecharts/gallery.html?$PLAT:$GOLD
http://tinyurl.com/moea5eh
Posted by commish
@ 8:18 on August 21, 2014
Student suspended for saying “bless you” after someone sneezed.
Sure like to know who the hell makes up the rules for this class.
“It can’t happen here. It can’t happen here. I am telling you my friends it can’t happen here.”
http://fox6now.com/2014/08/20/student-suspended-for-saying-bless-you-after-classmate-sneezed
Posted by MadMike
@ 5:09 on August 21, 2014
Posted by Maddog
@ 4:24 on August 21, 2014
Seems that the mkts are demanding a dovish statement from Janet, hence the PM slaughter.
http://www.zerohedge.com/news/2014-08-20/jackson-hole-tremendous-downside-risks-if-yellen-doesnt-go-full-dovish
This ain’t investing it’s watching choreography live.
Posted by macroman3
@ 0:57 on August 21, 2014
Posted by macroman3
@ 0:50 on August 21, 2014
Posted by macroman3
@ 0:12 on August 21, 2014
figger I could repair a Ferrari or three by now…
Cept I can’t do it in red, just two other colors
Posted by Mr.GoldBug
@ 23:38 on August 20, 2014
yes…I could have not said it better … couple of ounces under the pillow….and i sleep well at night 🙂
best to ya….ol friend
Posted by ment17
@ 23:36 on August 20, 2014
howdy mr gold bug // lots of water under the dam.. lots of paper on the stack
yep so many phrases used over the years .. some now in common usage .
keep your eye on the bouncing ball.. a long way up from 300 to 1300 for sure … I think 1283 or so will be the higher low for gold this cycle …but who the heck knows when you TA paper….. that stuff which is thrown around /every huff of wind moves in that way or the other way
any computer can draw some excellent TA and the TA guys roll in the frenzy .
even old silver has done us good 4.00 to 20…
take care .. fall is coming and we may see some nice moves soon/
ment
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