GORO having a nice day but here come the GDX sells. Jobs report tomorrow = hell for pm’s.
Wanka
Haven’t seen you post in awhile. All OK ?
What’s cookin? The day before the big jobs # and…
gold’s green–a rare site these days–bonds rallying–and stocks down? Good volume in NUGT.
Mysterium Coniunctionis…
Lloyd and the Scum don’t want Trump
as Mr. Trump will be target #1 for a number of GOP hopefuls who have been told their own presidential hopes will be finished if they do not help in breaking the Trump momentum once and for all. This threat is said to come from an assortment of Wall Street and business interests concerned over the potential volatility of a Trump political machine – volatility that might make him “unmanageable” should he actually go on to become the Republican nominee.
Read more at http://dcwhispers.com/big-donors-warn-candidates-on-eve-of-debate-take-trump-out/#VMGLCGAOpSc2uhlY.99
Talking heads on bubblevision telling the public to stay fully invested in the SM
HeHe Muppet cannon fodder
Gartman-we love him…we need him-the great contrary indicator
gotta love it when someone rings a bell…
Thu, 08/06/2015 – 12:53 Ham-bone
It’s equally impressive to be wrong 100% of the time as it is to be right 100% of the time. A real skill.
Thu, 08/06/2015 – 12:58 | 6397977migra
Even amongst CNBS people, Gartman is a remarkable dumbass
***********************************
Is This Why Bonds Are Soaring?
by Tyler Durden on 08/06/2015 12:45 -0400
Bond Dennis Gartman Employment Situation Report Market Timing
“Secondly, it is time to be SHORT of the long end of the US bond market and we wish this morning to sell the September T-note future at or near to 126 3/4.
We can imagine the front month future trading to 118-119 over the course of the next several months while at the same time we shall be willing to risk only 1 1/2 points to the upside.
The top has been formed over the course of the last several months and we are willing to be short even ahead of tomorrow’s Employment Situation Report.”
http://www.zerohedge.com/news/2015-08-06/why-bonds-are-soaring
aufever
You’re welcome! 🙂
Today looking up a bit …
@ Scruffy Woof Woff re 8:17 Surge in demand for physical gold
I looked at the US Mint site and its true. Coin sales are up, with Wall Street prices lower. I’m not surprised
Normally, supply and demand used to determine the prices, but in this ass hole special interest manipulated man made casino economy, they move the dollar value up or down, which changes prices, and that in turn changes the supply or demand, instead of the normal function of price, to allocate supply and demand.
For example, the lower dollar over time drove gold to $1,900. That made people turn in scrap jewelry, and producers dig faster and deeper. Obviously increasing the supply.
The low prices are opposite. Less people turn in scrap jewelry, producers shut down mines, lay off miners, and cut back production. That excess production is probably getting consumed more than normal because the prices dropped.
In other words, high prices cause low prices, and low prices cause high prices. Equilibrium, or stability is fleeting and temporary, maybe only one day or one month, on the way up or down. If the price stays too low too long, the shortage could cause a strong rebound in price.
http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion
Stability causes stability, but TPTB don’t seem to want that.
ipso facto
Thank you for your posts every day of news in the mining sector.
Portugeezer @ 5:09 – Why do they keep deflecting the real issue in hellary’s case?
I agree with everything you say. But you are not familair with what the american political fascist system has become… corrupt to the core. Hilla-the-Hun will get an ‘admonishment’ and slap on the wrist. But make no mistake, she is one of the ‘good old boys’… and the first one to have the balls to attempt such a maneuver and set that precedent. Every other politician is now wondering how they can take advantage and do that too.
Silver Train
Silver train among the snowcaps of Montana,
the Empire Builder flies past Glacier Park.
http://www.railpictures.net/viewphoto.php?id=541332
Needs some cash
Saudi Arabia plans $27bn in bond issues
Saudi Arabia is returning to the bond market with a plan to raise $27bn by the end of the year, in the starkest sign yet of the strain lower oil prices are putting on the finances of the world’s largest oil exporter.
Bankers say the kingdom’s central bank has been sounding out demand for an issuance of about SR20bn ($5.3bn) a month in bonds — in tranches of five, seven and 10 years — for the rest of the year.
more http://www.ft.com/cms/s/0/e9e197fe-3b5d-11e5-8613-07d16aad2152.html#axzz3i2dbTGV5
Good morning Oasis
Romarco announces 2015 second quarter results
http://finance.yahoo.com/news/romarco-announces-2015-second-quarter-233800703.html
Royal Gold Reports Record Operating Cash Flow for Fiscal 2015
http://finance.yahoo.com/news/royal-gold-reports-record-operating-012200009.html
Randgold Resources: Q2 Results and Updates
http://finance.yahoo.com/news/randgold-resources-q2-results-updates-060000382.html
Richmont Mines Reports Record Revenues for the Second Quarter of 2015; Production Guidance Increased to 87,000-95,000 Ounces
http://finance.yahoo.com/news/richmont-mines-reports-record-revenues-110000343.html
Endeavour Silver Reports Financial Results for Second Quarter, 2015; LOC Debt Reduced by $4 Million, Cash Holdings Increased by $5.5 Million
http://finance.yahoo.com/news/endeavour-silver-reports-financial-results-113000439.html
Osisko Reports Second Quarter 2015 Results
http://finance.yahoo.com/news/osisko-reports-second-quarter-2015-120000970.html
Hecla Reports Second Quarter 2015 Results
http://finance.yahoo.com/news/hecla-reports-second-quarter-2015-120000301.html
Right!
The more QE they put in the system. More paper Gold is created.
R640
Re Murph and Xau
Who ever said that was being clever with No’s, they took the most extreme, but it’s still revealingly awfull…in 98 the Xau Hi was 93.50 and low 48.67..while Gold Hi 314…Lo 270.5.
A 14 % drop in Au halved the Xau !!!!!
I’d say what is more relevant is that the absolute Lo for Gold was 250…we are 4.23 times Higher tdy, yet Xau is less than 6 % higher.
As for who leads, Golds 251 Lo was in Aug ’99, Xau at 41.85 in Nov ’00…but Gold made damn near at 253 the same low in Feb ’01..the Xau was then 46.66…
Sure glad those Russians are helping us with our space program
NASA signing $490M contract with Russia
NASA informed lawmakers on Wednesday that because Congress has failed to fully fund its Commercial Crew Program for the last five years, it is signing a $490 million contract extension with Russia to send Americans to space.
The new contract, running through 2019, means that NASA will continue to depend on Russia to get its astronauts to space even as tensions between Washington and Moscow escalate.
It will put money in Russia’s pockets even as U.S. economic sanctions seek to put pressure on Russian President Vladimir Putin’s government over the conflict in Ukraine.
It will also make the U.S. susceptible to threats from Russia, which in the past has suggested it could stop taking U.S. astronauts to the International Space Station. The U.S. has relied on Russia since retiring its space shuttle program.
more http://thehill.com/policy/finance/250322-nasa-signing-490m-contract-with-russia
Sitting on the bench and spitting chew in Mudville
Barrick Reports Second Quarter 2015 Results
http://finance.yahoo.com/news/barrick-reports-second-quarter-2015-211818547.html
Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2015
http://finance.yahoo.com/news/turquoise-hill-announces-financial-results-210706526.html
Gold Resource Corporation Reports Second Quarter Results; Maintains Lower Range of 2015 Annual Outlook
http://finance.yahoo.com/news/gold-corporation-reports-second-quarter-213000049.html
McEwen Mining Reports 2015 Second Quarter Operating & Financial Results
http://finance.yahoo.com/news/mcewen-mining-reports-2015-second-214712479.html
Great Panther Silver Reports Second Quarter 2015 Financial Results
http://finance.yahoo.com/news/great-panther-silver-reports-second-225400186.html
Some one once made the comment that the police better be careful how they treat the public.
There may come a time when they may rely on the same public to cover their backs instead of taking advantage of a situation to seek revenge.
Louis Farakan has had enough. He recently called for an uprising and requested that 10,000 men, who are willing to risk their lives, stand up and be counted. Mr. Farakan is calling for these men to take the fight to the murderers. Farakan has a plan, similarly to the criminals in blue and the criminals in Washington DC and on Wall Street, have a plan. Farakan is not calling for a race war, he is calling for an uprising against the murderers. Is this an appropriate response to what is happening in our world today?




