Loading ...sometime after tomorrow
next a year or two
could be a couple months
that is really nailing that reset down
as for willies great reset
the dollar is the world wide currency.. and a reset would be so countertproductive even to the Russians and china interest in my opinion
wake me when it happens .. willie says so many dates his feb is more certain than most
hard to see it happening
yes RNO- palladium
I was asking earlier why the cabal doesn’t pick on Palladium? Any guesses? Does Putin control this metal?
Palladium
is up $11.00 while the othe metals are slammed.
rno
Usdx
blasted through the 86.00 resistance. The stock market is going up because it’s going up.
Gold has been hammered again. I will be acquiring more phiz next week.
Moggy, thanks for the summary on your post. I thought maybe the first part was written in Portugese and Swahilli.
Where is buy more? He should be making his appearance any time.
Make no mistake, the paper markets are being manipulated so the good stocks soar with the trash. The Russell Index is in a divergence with the Dow. In the late 1920’s, knowlegeable people were asking themselves how the stock market could continue on air. It went up much longer than anyone could guess.
Thismay be a setup to burn all the fiat being poured into the market by the fed.
nobody ever went broke stacking phiz.
rno
Gold now up in Yen terms – barely
Gartman must be “long of gold in Yen terms”
| Japanese Yen | -2.54% | 10/31-13:37 | 111.9950 | 0.0089 | 131168.54 | +235.61 | +0.18% |
moggy
low hit a number of time lol
the wild card I suppose is the Jim willie look at the reevaluation of the buck 70%
that appears now to be a long ways off
thanks moggy for the up date on financial stuff.
food , drugs , things could get messy .. they are messy//
Ment17 @ 11:42
when will we see the low of gold and some sort of move up ward according to the cycles of the astrological readings
Hahaha, the low has been in any number of times…at least that is what I read every so often over the years.
Anyway, I no longer look at the Gold Comex chart…what I have been following in astrology are the monthly Full Moon charts because they give me the financial trends from which I can gauge where we are headed. Here is my synopsis of the November 2014 Full Moon for the U.S.
DATA: Nov. 6, 2014 @ 5:24 p.m. EST – Washington, D.C.
The Full Moon in Taurus is ominous this year as Taurus is the sign Ascending but the Moon falls into the 12th house, ruled by Aries. The Moon is exalted in Taurus where it normally expresses best; however, in its present position it is hampered by not being in the house ruled by Taurus. Worse, it is hampered by social misfits (12th house), the house of misfortune and misadventure, while forming an opposition to a 6th house Venus in Scorpio.
Venus rules our currency, is in the sign of its detriment – Scorpio – the sign ruling the death rate and resources belonging to others…and in the house of distressing conditions that will affect not only the financial situation but the health of the public and their ability to obtain food, as well.
Saturn holds sway over shortages and is in the sign ruling medicine (Scorpio) opposing the Ascendant/1st House – the nation’s people. This suggests that on the near horizon those requiring medicine may experience difficulty in filling prescriptions.
The Mars/Pluto conjunction in Capricorn in the 8th and 9th houses reconciles the Full Moon thus, much of the Moon/Sun energy will express in an 8th house manner via an aggressive stance with regard to the banking industry and the nation’s mortality rates, the latter no doubt due to Mars-ruled infectious diseases. And in a 9th house manner via corporate welfare, nuclear energy, economic factors, weather modification and debt as it relates to international events – immigration in particular – and how the U.S. courts view immigration. Inundation here we come!
Jupiter forms the Apex of a T-Square with the Ascendant and Saturn. Business in general will be poor, especially with foreign countries (Saturn ruling the 9th house). The U.S. may not be able to import needed materials…with Saturn in Scorpio we are talking about the ingredients that go into making medicine in the U.S.
Finally, a blessing…there is a wide trine from 4th house Jupiter in Leo to 12th house Uranus in Aries, indicative of a time to break one’s normal routine. However, any opportunities that may arise must be acted upon quickly. Trust the angel on your shoulder.
SUMMATION: Areas of concern:
- FINANCIAL in that our currency is in danger of being devalued in the near future. According to Jim Willie the U.S. has made a deal with China whereby the U.S. will devalue the dollar by 70%, to be accomplished in two increments.
- HEALTH in that medicine may become scarce, that infectious diseases abound (due to all the sickly illegal immigrants that the government has invited to invade), and the FOOD SUPPLY in that either food may not be as easily available as normal should the JIT system fail.
STRATEGY: Using as many of your FRNs as possible in purchasing items you may require going forward before the first devaluation hits. Having a chat with your doctor in an attempt to get larger prescriptions filled ASAP. Topping off your preps.
“Knock, And He’ll open the door
Vanish, And He’ll make you shine like the sun
Fall, And He’ll raise you to the heavens
Become nothing, And He’ll turn you into everything.”
― Rumi
Paypal is probably the US Govy in drag
they desperately need to know who’s laundering money, avoiding taxes and flying under the radar.
max pain for the weekend
gold will stay low in range for weekend .. give the gold guys some room to think lol
Richard640 @ 11:57 on October 31, 2014
trader dan the man nails it lol yes he is riding easy street on all his other trades grains softs and pork bellies
Capt. Hook nailed it about the gold bulls–and Trader Dan agrees=
Trader Dan today=
Friday, October 31, 2014
Gold Bears Nail Hedge Fund Sell Stops
We have been chronicling with some detail the regular weekly Commitment of Traders reports for some time in many of the markets that I choose to comment upon. In those comments, I have noted the positioning of some the LARGE speculative forces as being on the LONG SIDE of gold.
Here is a graphic of the condition ( or better – what WAS the condition ) of all those SPECULATIVE longs in the market.
Note the HUGE NUMBER: It currently stands at 241,792 if you include option positioning.
By the way, just for comparison’s sake, the total number of SPECULATIVE SHORTS in the gold market is a trifling 134,381. As you can see, speculators have continued to be stubbornly long in the gold market despite the deteriorating chart pattern and despite the deteriorating fundamentals for gold. By the latter, I am speaking primarily of the surging US Dollar and the fact that commodity prices in general are falling right along with the TIPS spread which is indicating the sentiment that inflation is of no concern at this moment.
Here is the point in all this… an examination of the chart shows that approximately 55,000 of those new long positions put on in gold near the $1200 are all completely underwater. That is where this selling is coming from. Once the TRIPLE BOTTOM at $1180 failed ( remember the old trading adage that, “TRIPLE BOTTOMS RARELY HOLD” ), the sell stops were activated and out they came.
Bears have been licking their chops to get to those for some time now. Today, they got them. With that level being the last line of defense in the sand for the gold bulls, speculative forces are going to be aggressive in going after gold from the short side now, just like they had begun doing in the silver market for some time. The carnage might just be getting started.
Interestingly enough, at the moment I am typing these comments, gold is down 2.96% compared to the HUI being down 5.42%. Guess what – that HUI-gold ratio that I have been charting, noting that it has reached levels last seen 14 years ago in the year 2000, is still falling lower. Gold is therefore either going to continue to move lower or the HUI Is going to have to move higher. Gold is overvalued, even after its fall today, compared to the mining universe.
Either that, or as I said yesterday, many mining companies are finished.
ment17
You ask a very valid question. Why isn’t gold up in Yen terms? In fact why is gold down against every currency but the Ruble?
Hopefully Putin and China are at wits end with the west and our paper games.
Hopefully whoever is long pm’s at Crimex decides to stand for delivery at expiration of the December contract.
Moggy @ 11:40 on October 31, 2014
thanks for cheerful picture
when will we see the low of gold and some sort of move up ward according to the cycles of the astrological readings
Putin’s speech on New World Order – could be most important political speech since Churchill’s “Iron Curtain” in 1946
All systems of global security guarantees lie in ruins, the entity that destroyed them- the USA
Most people in the English-speaking parts of the world missed Putin’s speech at the Valdai conference in Sochi a few days ago, and, chances are, those of you who have heard of the speech didn’t get a chance to read it, and missed its importance. (For your convenience, I am pasting in the full transcript of his speech below.) Western media did their best to ignore it or to twist its meaning. Regardless of what you think or don’t think of Putin (like the sun and the moon, he does not exist for you to cultivate an opinion) this is probably the most important political speech since Churchill’s “Iron Curtain” speech of March 5, 1946.
In this speech, Putin abruptly changed the rules of the game. Previously, the game of international politics was played as follows: politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics; in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out. Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders.
The Russian blogger chipstone summarized the most salient points from Putin speech as follows: Read more
ment
everythings fixed. no more problems. the governments around the world got your back. digital presses are amazing
eeos @ 11:31 on October 31, 2014
just trying to mind my own P’s and Q”s
asking questions .. trying to get a handle on the japan yen deal
would not gold go up .. as the yen takes on all new bonds and monetizes all
ipso facto @ 11:30 on October 31, 2014
up mine .. was that a nice reference lol
just asking questions that now escape my understanding
Oh menty
you better cap it or you might get stuffed buddy. Ha!
Better yet, tell us a story or give us some sage trading advice
ment17
Up yours
Auandag @ 11:19 on October 31, 2014
turds speculation and a lot of manure seem to be the same lol
how many wait for the great willie reset the voice , the insiders telling them selves china will balance the insane .. maybe china and the great western money machine are working together .. and the great reset is just pool room talk
Interesting Speculation
@ Turd et al
Submitted by Lamenting_Laver… on October 30, 2014 – 9:45pm.
I often find myself engaging in wishful (conspiracy) thinking. I guess it helps me keeping up the spirits on days like this. So here is another one of my what-ifs:
I think it was Bohemian who commented the other day that there was a specific reason for Blythe to go public on CNBC like she did – that she wanted to go on record stating the “truth” that JPM itself did not have any proprietary directional bets and that JPM was only acting on behalf of customers. With that statement she basically said that JPM did not have a concentrated directional bet, but one of their clients did.
A while ago I speculated (maybe wildly) that a reason the East keeps supporting the US bond market at roll over (not adding – but still rolling over maturing debt) and the reason that the West accepts the continued flow of Gold to the East was because the East had started demanding that the interest on the debt was paid in gold instead of debased USD.
Now you, Turd, say that the round numbers going in and out of JPM suggests that the quantities are shipped as kilo bars instead of the less precise LGD bars. We also think we know that the new international trade/foreign exchange settlement system will have a relationship to newly refined and assayed kilobars. If it is not just paper bogus numbers, this suggests that JPM is a facilitating partner/participating in the new trade settlement system with China already now.
Also, remember how the Fed opened the Treasury auction system with direct access for the Chinese, so transactions could happen without primary dealers knowing about it? Back then it was only for buying USTs – not selling – but who knows what the access is used for really. And remember how 4 chinese Commercial Banks were licensed all of a sudden to operate in the US, one of which was the industrial and commodities bank, as far as I remember. And remember how JPM sold their commodities business off to Mercuria all of a sudden (other banks did the same and I think they also started getting out of the LME warehousing biz, if I remember correctly).
I think the East + Middle East wants commodities trade to become truly physical again (I remember a Saudi ex Oil Minister saying something like that back in 2008, I think) – and I think that they have said no commercial bank can be involved in commodities trade unless it is plain vanilla producer selling forward facilitation and that everyone else must back trades with phys to participate. I also think that they would love to see naked shorts fry in their own fat one day partly as punishment for distorting the market and partly as a necessity to provide justification for the profound changes introduced to the market after the BBQ.
Andrew Maguire once said that the big Eastern buyers in London did not take any prisoners. I believe him.
I tend to think that JPM is the conduit between the Fed and the PBOC. And that it is true that the big deep pocketed Comex long is China – and that the shorts provoking waterfalls via JPM were/is China too. And that JPM is receiving Gold from the Fed, facilitates a conversion to Kilobars while “in storage” and then ships the Gold East on the books. Whether it is refined in Switzerland or the US is less important for the “external” books, I guess.
@ Turd: Do you know if the house account is merely a book keeping thing or if that necessarily entails physical storage in the Comex warehouse in the US at all times? (Not allowing for a transfer out for refinement and back again). And do you know if anyone has examined the US export numbers (you know the ones that once upon a time showed enormous amounts of gold colored paint exported) for the US lately? (as in since the Chinese banking licenses and opening of UST system and Blythe’s appearance on CNBC?)
Anyways – looong intro – I am thinking that if it is true that the East is out to fry the paper speculators and the algo-rapists and China is the big Comex long and the primary Comex “waterfall short” to unlock as much physical in London as possible at as low prices as possible – is the current thrashing not exactly what you would expect to see?
If I was the Head Gold Procurement Officer in China, I would consider the Swiss vote and consider if there would be anymore phys to wring out of the general market at lower prices before the Swiss potentially joins the party and spoils all the fun. I would also like to finish off planned “interest rate” transactions (my speculation) via JPM before other countries see the Swiss vote result and potentially begins asking the Fed for stored Gold like the Germans did.
A smack lower would achieve Gold looking unattractive to Swiss voters, while testing if anymore strong hands can be chopped off before finding a new price range presumably higher (according to JW, Kirby, Organ) to explore.
I am also wondering – if this smack down shows that no more phys can be extracted at this level – if the Chinese would then go ahead and spring the Shanghai surprise (as per JW) before the Swiss vote in order to ensure that China gets to buy the first wave of unlocked phys at higher prices and not the Swiss – in case the vote is a yes.
If they sprung the surprise after a smack down but before the swiss vote they might even achieve an impact on the Swiss vote in favor of gold and thus provide a significant demand for phys in the market for 5 years going forward – helping to stabilize their surprise as correct and support the physical market in Shanghai.
If this current price level is “dry” and they did spring the surprise, they would achieve a perfect storm:
1) Get retail phys before the Swiss.
2) Have comex contracts in front of the Swiss in the line for delivery, when the mines have produced and delivered to the Comex, as I don’t believe that China would accept cash settlement, but still use a potential default as marketing for the new system.
3) Fry the shorts, who cannot deliver phys, to hell and back both in dollar losses due to rising surprise price and due to lawsuits that will last the next decade – setting a solid example. This is assuming there are any entities willing to open new contract longs that the shorts can buy back to close their burning shorts.
2-3a) Alternatively, if no new entities are willing to open new contracts, China’s Comex long position can be used not to demand delivery – but to control precisely how long the shorts will fry as it will be the current Comex longs who decide when they are ready to sell and allow the shorts to buy to cover.
4) Fry the broader paper gold derivatives (as per JW) – which will make the Shanghai exchange look more attractive – and set a solid example. It might even provide justification that currency trading involving the XAG and XAU crosses can only be done with physical deposit to the brokerage in the future.
Just a bunch of rambling, I know. Just thinking out loud. Though – I really do believe that when China & Co. are ready (as in no more phys to be extracted at current levels) – they will indeed take no prisoners.
silverngold @ 11:02 on October 31, 2014
Harvey maybe he has his ducks on a different reset than the whole world market in gold and silver
how many markets to watch on gold and can trigger these sell offs
its a bummer on gold lol
ipso
the go to guy lol
just wondering .. how come gold is down in yen not the same reaction in the us make gold rise .if the fed monetized all debt all bonds the gold according to theory would blast higher ,,