Loading ...I do NOT believe that info at all. If the Ruble is low it should help their exporter businesses. And limit imports. Make imports expensive as if a tax on imports to locals. With Oil cut in half, and ruble cut in half, what’s the difference?
Video:
Gold well up, Oil below 48 and still the PM stox sellers
sell in monster Vol…….the Rig continues.
This is important. Gross is a Big Cheese and about as mainstream as you get
Bill Gross’ 2015 Outlook: “The Good Times Are Over, The Time For Risk Taking Has Passed”
re DOW GOLD RATIO ROTATION, IT’S ABOUT TIME
The general crap had a lot of momentum and cheer leading from CNBC and carrying the trend too far. Auto sales, real estate, retail, and general stock hoopla must be reversing.
FYI SBGL pays a big div.
http://finance.yahoo.com/echarts?t=3m&s=SBGL&l=on&z=l&q=l&c=auy%2Cgold%2Ckgc&ql=1
This action is soothing to the soul
Maybe we are right after all.
Boehner re=elected……fix is in.
Now do they stomp on Au and ramp the SM, as Fall st has their tame pols back in place.
R640 – Well said
Gold shouldn’t be having trouble with $1220. Yesterday it was 1210. We shouldn’t meet such resistance every $10 higher.
Hoping the shares are signaling your run to $1400-1500 but I don’t know.
I thought that’s what they do 24/7
Robbery In Progress At JPMorgan Chase Branch On Columbus And 72nd In New York
http://www.zerohedge.com/news/2015-01-06/robbery-progress-jpmorgan-chase-branch-upper-west-side
The no manipulation crowd always says “then why is gold up today?”
Take today for instance…and it’s like this ALMOST every time–gold started to break out earlier…but then it hit a brick wall and that’s it for the rest of the day-this pattern repeats too much to just be normal mkt forces–so gold has been put to bed–but that it is up at all…and resilient as it is, needs to be seen as a victory–i think we’re in a 22 outs 25 day run up to 1400 or 1500
WANKA
Copy that, noted, thanks. Keep in mind, the ones I have give 65 hours run time versus 4 hours. The AAs are cheap too.
short term (1 min, 5 min) silver
nice little pennant formation building…
Obama: Illegal Immigration Hurts ‘Blue-Collar Americans …
Huh???
President Barack Obama once declared that an influx of illegal immigrants will harm “the wages of blue-collar Americans” and “put strains on an already overburdened safety net.”
“[T]here’s no denying that many blacks share the same anxieties as many whites about the wave of illegal immigration flooding our Southern border—a sense that what’s happening now is fundamentally different from what has gone on before,” then-Senator Obama wrote in his 2006 autobiography, “The Audacity of Hope: Thoughts on Reclaiming the American Dream.”
”Not all these fears are irrational,” he wrote.
“The number of immigrants added to the labor force every year is of a magnitude not seen in this country for over a century,” Obama noted. “If this huge influx of mostly low-skill workers provides some benefits to the economy as a whole—especially by keeping our workforce young, in contrast to an increasingly geriatric Europe and Japan—it also threatens to depress further the wages of blue-collar Americans and put strains on an already overburdened safety net.”
If these feel like the words of one of Obama’s opponents, it’s because they’re the exact argument the president’s critics have been making as he now rushes to announce a sweeping executive order that would give work permits to millions of illegal immigrants in the country.
WANKA @ 10:31
Copy on that Wanka. Occasionally we get blasted up here too. During Sandy FYI, I bought 6 of these flashlights about $5 each. AA bats last forever, far better than candles. On shelf pointed up at ceiling. I had a problem with one, called the 800 number, told to push down on bat. comp. and it was fine.
http://www.batteryjunction.com/rayovac-vb4aaln.html?gclid=CLKd0ZPv_8ICFXRk7AodJAkAGg
Getting interesting
Be nice to see a moonshot for a change.
Gold
is on the move!
Does Immigration Harm Working Americans?
“The job news is increasingly good: 321,000 jobs created in November. Yet the national economic mood remains grimly bleak.
Many Americans feel a sharp distinction between what’s said about “the” economy and what they experience in “their” economy. At the top of the income distribution, wages are rising. In the middle and bottom, wages stagnate. Jobs are created, yes—but native-born Americans are not hired for them.
Last month, the Center for Immigration Studies released its latest jobs study. CIS, a research organization that tends to favor tight immigration policies, found that even now, almost seven years after the collapse of Lehman Brothers, 1.5 million fewer native-born Americans are working than in November 2007, the peak of the prior economic cycle. Balancing the 1.5 million fewer native-born Americans at work, there are 2 million more immigrants—legal and illegal—working in the United States today than in November 2007. All the net new jobs created since November 2007 have gone to immigrants. Meanwhile, millions of native-born Americans, especially men, have abandoned the job market altogether. The percentage of men aged 25 to 54 who are working or looking for work has dropped to the lowest point in recorded history.”
http://www.theatlantic.com/business/archive/2015/01/does-immigration-harm-working-americans/384060/
Andy Hoffman
snip
In fact, the deformation of capital markets caused by implied Central bank “puts,” yielding “front-running” of “QE to infinity” the world round, caused European sovereign yields to hit a new all-time low on the day’s first trading day – including, for the first time ever, negative yields on the German five-year bond. And this, as the Euro crashed below the 2012 “whatever it takes” low like a hot knife through butter, to its lowest level since 2005! Worse yet, that was before Saturday’s news that, as the Miles Franklin Blog predicted, Greece’s “anti-austerity” Syriza party intends to overtly default on the majority of Greece’s €400 billion of debt. Which is probably why Greek CDS’ are now predicting a 66% chance of this cataclysmic event; which, we might add, I long ago claimed to be my #1 “potential catalyst” of said “big one.”
If the SM gives back and rolls over, let’s see if gold can recover-Zero Hedge noted what I mentioned
Bad News Is Good Again
Tyler Durden’s pictureSubmitted by Tyler Durden on 01/06/2015 10:27 -0500
Unlike yesterday – where bad news was bad news – today terrible macro data news is awesome news… Thanks to a liftathon in USDJPY breaking back over 119.00, the S&P has ripped 10 points since ISM, PMI, Factory Orders data disappointed.
Gold (and silver)
looking very good here. Stocks showing some nice spunk….
Anybody who can’t see manipulation in all mkts is an idiot
what could possibly account for the simultaneous buying in stocks and selling in gold on no news
Non-believers are A ass!
Oops! The PPT just came in and saved the stock mkt
The SM was just about to roll over…there was an economic report at 10am–but the mkt didn’t respond to that–so the stick save out of nowhere can only be intervention–let’s see what PMs do…they simultaneously started to pull back
Eeos-I like the action too–and today the PM shares are outperforming the futures
We are actually seeing follow thru-I am wondering if we are starting one of those moves–which we used to have-but not seen for 3 yrs–where gold is UP say…22 out of 25 days…and tacks on $200-$300….?
Of course, if gold wants to shoot up to $2000 by St patricks Day…then be my guest!
World financial markets are like a pie crust stretch across the roof of a volcano!
WANKA
Very good points you brought up my friend. I’m impressed with your “Ponderosa” and how you have it ready for anything. I have a friend in Boca near the ocean and he also is all ready for a storm.
Big propane tank under ground with generator, and windows that can handle a flying 2X4.