unfortunately I think the only reason commercials buy long contracts is to dump them on the market at key times while quietly covering their shorts. One thing is clear though, if commercials decide to cover, the hedge funds that continue to get even shorter will get their hats handed to them and the explosive move to the upside will be something to behold – especially in silver.
Until then, I guess we’re stuck with more of the same.
Over bought/over sold may not mean what they used to, as the Algo’s have no emotions. They have no fear etc.
All that matters to the scum is appearance that all is well…note how rates sold off tdy putting in Weekly reversals.
Though Rates needed to correct, what happens after will be very interesting, as rates should run hard according to TA, something that the scum really dread.
Funny how with silver as the paper price falls, the premiums rise. I’ve bought a lot of silver the past couple of weeks and probably wouldn’t have paid much less today.
SLV has huge volume today and is extremely oversold, would sure seem we’re close to a washout.
I think the SM is going to have a rough October, we’ll see what happens to the metals when it starts. How much more oversold can the metals get if the SM has a meltdown?
Best performer of the day is TRX – good for Sinclair! He’s a decent and honest man IMHO.
it doesn’t matter the constant flow of gold news ,, by esteemed and many pundents … the dollar is seen as the strong among the week. grab the buck instead of the real ..
as for gold stocks .. ^Hui is on target for 201 .. a double bottom of sorts.. and a cleaning out of the gold longs .
gold is sold off to make way for china BABA… every thing is upside down ,
but according to Armstrong who is ready to go public him self with his timing service .. will that (Armstrong’s) most worthy project to capture the riches of the capitol flows of the world . be the very top of the stock market for this excess in liquidity .. and the hope of the middle class to keep the pensions and goodies flowing to the world through their own pocket .
will the stock market crowd Pay for a IPO that will point out the markets around the world ,,Armstrong has a lock on that market .. except maybe the fed and the banks have already trumped him with their own in house computer systems and front running and massive capitol basis paid for on the backs of unlimited tax payer funds
inquiring minds want to know .. something smells fishy in Denmark.
we wait
Well all I know is if that old saying is even partly true, you probably need sunglasses to look at me. The way you girls keep sandpapering po ole Farmfrog its a wonder I have any warts or skin left at all. Ya know….ever thought about just kissing a frog instead of sandpapering his hide? I think another ole saying goes something like, ” Kiss a frog and find a Prince.” Never heard nothing about using sandpaper. Besides, it kinda tickles my little web feet.
Agree with you on these markets. Nothing much makes any sense anymore. Wouldn’t surprise me none if Wall St starts to levitate ten feet off the ground those banksters and their algorithm’s having found a way to even suspend the Law of Gravity.
And here is another old ‘saying’ for ya.
“… will be like a foolish man who built his house on the sand.” Now if that was not such a good idea, what about a world built on paper promises ? Just cant see how this is going to end well. But according to that bunch at CNBC, its time to bring out the party hats and celebrate all the New Time Highs in the markets. Sounds like a lot are singing about that Free Rainbow Stew. Have they all gone daft in the head or what?
https://www.youtube.com/watch?v=C1xVgaU9cCk
“That boy better been smiling when he called me Farmfrog !”
Everybody does! 🙂
That boy better been smiling when he called me Farmfrog ! (grin)
Was good to hear from him and read his thoughts on what is going on in the markets.
And that explains it all to me. The Banksters have the gold and silver trains locked up in the roundhouse. Sounds like a job for Buygold. Free Gold! Free Silver ! Freedom !! Sounds like a battle cry for the Goldbugs to me.
The Fed has to be getting concerned maybe. Looking like another melt down situation might be starting.
Agreed, I don’t believe in vaccinations at all for babies. Even if I got a pet cat or dog I would never give them vaccinations, or dog and cat food. People food only. Organic.
They are 10 oz bars I bought at $199.80. That is the exact same price offered today at apmex but the bid is significantly lower than a week ago.
rno
So you don’t think those mercury laden vaccines didn’t do any damage to people brains nervous systems or kidneys? That there was another reason for the spike in autism and SIDS after mandated vaccinations?
Well looks like we have lots of time with dollar set to rise to gather what we can here and there.
Theres a old saying:
When people hurt you over and over think of them as sand paper. They scratch and hurt you. But later, you’ll be shining and polished, while they wind up useless.
If I had 10k to speculate right now I would of bought alibaba and day traded it.
Good Morning Ipso!
You can post this message on the Oasis for me so everyone knows I’m still alive. I’m caught in the “captcha” spamcatcher. Apparently when using the TOR network to post, it keys the spamcatcher and I get a screen telling me to type the five letters shown. But it does NOT show the five letters… so even a human cannot get past this gatekeeper. I’m patiently waiting for the webmaster to either fix it or eliminate it. Until then I’m locked out of the Oasis.
I saw the interview with Jim Rickards yesterday, and thought I would address FarmFrog’s and your inquiry about the web bots. Rickards interview was spot on and known about by those with inquiring minds who look at the USA financial situation with horror. Clif High’s web bot project has morphed considerably in the past year. With all the ‘immediate’ data of Facebook, Twitter, and other social media it has overwhelmed his long-range predictive linguistics capability. He had to reWrite and tweak his software algorithms to adapt to the overwhelming ‘immediacy’ data. As a result he gets much shorter-range predictions now. The data is so short-range that he now does weekly or bi-weekly verbal audio rundowns of what he sees coming up in the data streams. These are available for $10 a pop at his website: www.halfpasthuman.com
Some of the data ranges out as much as six months, with a very few key indicators looking like 2017 to 2018. But a lot of data comes in so fast that he has trouble getting a report out before the stuff happens in just a few short days. But yes, he sees financial troubles for the USA getting serious in probably the next six months or less. One telling thing to me is that he seriously expects silver to explode soon… so much so that he is talking about acquiring silver options to make a few bucks on. And Clif is not the kind of guy who normally wades into the financial markets as he distrusts them and dislikes them. (This is not financial advice! DYODD)
What Cliff seems to be getting on a week-to-week basis is like the play-by-play of the details of the coming collapse, and slowly relating them to the bigger picture down the road. For $10 I find it entertaining, but I have not been regularly getting every report he has issued recently.
In the past month I have been busy moving to a new bunker. My old landlord sold out and the new one wanted to renovate the place, so I had to move all my beans and rice before the snow flies. Moving sucks! I’m getting too old for this. Gotta sell off my accumulated junk on eBay.
Hang in there everyone. The trains will return as soon as they let me out of the roundhouse!
–Maya
We may get some relief soon.
rno
A disconcerting thought. They do seem to be quite good at it.
If pm breaks through support and continues down, we will have some good buys in November or December.
rno
Back in La La Land (not to be confused with Lily Pad Land )
Gadzillions que overnight for Gold and Silver …..
Apple 6 , that is .
Each to his own I guess, lol
Gold near $1,000 and Silver around $15.00 (paper prices of course ) that’s my WAG and I hope I am right. Hypothetical here, but if had $10,000 cash laying around today would spend half at the coin shop today, and hold back half anticipating even better prices very soon.
The Gold bugs are beaten down, and most folks look at PM’s as a terrible investment. Hopefully, they keep beating the prices and when folks call PM’s an abomination, that’s when ‘something’ happens and we are back to the races. Like I said just my guess.
One of my local coin suppliers has quit selling anything. Even to me ! (kinda hurts my feelings. lol) Wont sell you nothing. However, he sure would like to buy anything you have. Trouble is, those line of folks once bringing him Gold and Silver have dried up. Very few folks bringing in the barbaric relics anymore. So there you have it, a little observation from my slice of the woods.
Better get those ounces while you can. Cuss, moan, groan, spit, kick the dog, about these markets, but keep stacking. I heard Winedoc had to build a shed for his car parts. 🙂
Like to hear what ole Eagle Eye thinks about all that’s going on these days. Yep, would make for an interesting visit on the porch with some rocking chairs I think.
Best to you and the Tribe, Farmboy
they are not going to let their phyzz go at these paper manipulated prices, I am surely letting none of mine go below $25
has Silver 10 ounces bars for $188.87 each, so about a 5% markup right now.
Silver Eagles are $20.81 each, about a 17% markup.
I recall the last crash his Silver Eagle Premiums at the bottom in Silver we’re around 25% markup
They normally get $.89. Trying to cya?
rno
now what RNO…Silver crossed that $18 line today. Can they close it here I guess?
I think your comments are right on the mark. Never before have the elite had the tools they have today.
Another thing I think everybody underestimated was their ability to control the regulators, the courts and media. They literally have no one to stop them. This country had such promise. What we have become disgusts me.
Maybe Ali Baba will top off the Month with a final frenzy
,even NO advice broker called me (Scottrade) to talk up Ali Baba …..Something fishey here ! Its an all out Propanganda push….like a topping frenzy….
