Loading ...on the bears….they deserve it
Winedoc-good morning! It could turn out to be quite a bear trap!
As Arnold Stang used to say to Uncle Miltie: don’t fight it: it’s bigger than both of us. So we’ll just kick back and watch gold run…nice for a change.
R640: 0550 ? Bear Trap
Ya
Just like $1750 is was a huge bull trap …….. I wonder if the break of the triple bottom, around $1130 is an even bigger bear trap.
Silver needs to confirm the move however IMO.
Morning Friends, put that in your pipe and smoke it !
My new pipe, for a little taste 1-2 times a month, doctors orders 🙂
Winedoc
THis is unusual–yesterday JNUG was up 15% and gold was flat–this kind of divergence has been resolved the past 3 yrs
by PM stocks/etf selling off–the fact that gold is following equities higher is very bullish–also yesterday the $ index was up 400+bps…as I write the $ is down 387 bps which will be the “alibi” for gold’s rise today…which it isn’t…it’s probably just “recognition time”–wherein all the fundamental/macro factors so cavalierly ignored by the financial community and press lo these many years will suddenly enter, again, into “dialogue”…still too early for the bulls to get smug…but all in all a classic bottom–historic bearishness-ragged and divergent action–making it hard to buy even for the gold bugs–total disbelief in the bull case–with even a classic “Fakeout” that the whole world was watching and discussing=the penetration of the triple bottom that unleashed a torrent of calls on the business channels and elsewhere for gold 600-700 etc…those targets are still on the table…but…..
Obama secretly
tells Fergusion demanstraters to”STAY THE COURSE” ..He is personally behind the agitation ,he thinks its a distraction from his incompetance and therefore he benefits from any riots that may occur…….If Republican don’t think impeachment is a good idea for Political reasons then what is?
Republicans …..THey say Joe Biden is no better because they think “blackmail ” is the lesser of two evils…What a mess ..to accept RIOTS because Republicans are afraid ………They are not worthy of the Offices they hold if thats their answer to the American People …..
This Love Fest between Democrats and Republicans
This will not end well !
Silverngold
Somewhere in the bible it says what is not managed or mismanaged will not exist. That about sums up what is happening to so many countries right now. Where ever politics moves in mismanagement follows.