Loading ...Hey Portugeezer how’s the hotel construction going? A light at the end of the tunnel? 🙂
treefrog @ 0:59
Aren’t we lucky to have such a shining list of candidates!
“The God’s must be angry with us”
Could be just the warm up for their displeasure!
ipso 21:33,
trump has his share of faults, but he has one shining virtue: he isn’t hillary or bernie.
this year will stand in memory as the most severe indictment (yet) of the two party system. if this is the best our great nation can come up with, the gods must be angry with us.
For all you day and swing traders who enjoy making your brokers rich……
………Take a look at this monthly $Gold MACD and RSI and compare them with your short term charts like hourly, daily, and weekly. MACD has not been this low since 1983, and it took them 4 years to get it beat down. How many years do you think it will take for it to top out again?? I’m thinking it’ll take about 2 1/2 years, and that will only be a pause that will reset this MACD again for another major move up.
I bought my current portfolio, mainly of PM junior producers, in May 2013, made no trades since that time, and as of today I am in the black by 3+%. This has been the best 3 years I can remember in a long time. No stress, no trading fees, just keeping up with current events, enjoying my family, enjoying my farm, and not even having to be concerned with my income tax since there was no profit or loss to report.
My one setback was having a hip replacement 4 months age…..and I wouldn’t consider that a “piece of cake” or a “walk in the park” like some said, but as of now I am fully recovered and going full steam ahead, returned to all my old duties and responsibilities, and feel about 20 years younger.
The point I’m trying to make is that you may find life much more enjoyable just doing what I did. Buy a good quality portfolio and let it ride. That’s my understanding of what Jesse Livermore said….”be right and sit tight”. Obviously I was waaaaay too early but I am confident I was right, and I enjoyed sitting tight, and I’ll continue to sit tight until that MACD looks like a mirror image of where it is today. IMO those short term charts are nothing but noise to distract, demoralize, and confuse you while the brokers pick your pockets. Anyway, something to consider!! All the Best and good night from Silverngold
That’s my reason too!
Marc Faber: “I Will Vote For Trump, Because Hillary Will Destroy The Whole World”
COT Report
Banksters covered a little but only because the funds covered a little. Silver looks better than gold.
This is turning out to be a really good day
Shocking on an opex day no less.
The SM seems to be anticipating more QE or something, because it’s back to going up every day BUT gold is no longer going down every day so maybe NIRP and QE is on the horizon.
Steve LIESman reported the Bernanke said that the Fed is NOT out of ammunition. Why would he say that? Everything in the economy is great according to the Fed, so why would they need more ammo?
I’m just so confused…
Mr. Copper
interesting take on the U.S. I hope you’re right about withdrawl and resurgence, pretty optimistic outlook. I really hope you’re right about that. I think were Trump to get elected we might have a chance to reverse the decline. Anyone else though and I have to believe the decline will accelerate.
Maddog
Copy that thanks. Globalization is failing and in reverse. Slow trend. I KNEW it was a mistake from the start. Merging countries, industries and financial systems was like forcefully merging all the households and families on your street.
Communes just don’t work. They tried one in California way back 1960s I think. After a while the screwed people left. And THAT’S what’s happening these days.
The Screwed COUNTRIES want OUT. The excess baggage countries want in.
The USA people have taken the biggest SCREWING on the planet, with that idiotic global agenda 21 and it all failed, ended and reversed in the summer of 2008. Dot com bust in 2000 and then recession, then 9/11/01 STARTED the process.
The Fed was forced to drop rates hard and fast, to avoid financial collapse, avoid terrorist getting satisfaction, and to recoup the billions lost in the stock market crash with a fake artificial no doc liar loan real estate boom.
That CRASHED in 2008. Long lived the establishment. I’ve never been more optimist for the future of the USA since the day Joe Sixpack stopped paying and real estate crashed. I KNEW it was the end of our decline, but not visible yet to the masses.
The system is going thru withdrawals. A transition. From bad to good.
Scum offering SLV in massive size……they really don’t want Silver running at all.
Offers are more than 10 times bids.
Mr Copper
Yes it may well take time….but the French have Presidential Elections next April and May. Le Pen, who wants to dump the Euro and the EU, is either leading or in 2nd place, in the Polls. Plus she wants to stop all immigration and deport anyone who commits a crime and was not born in France etc…..so Mad Merkel is doing her loads of favours.
https://en.wikipedia.org/wiki/Opinion_polling_for_the_French_presidential_election,_2017
Maddog @ 10:17
I thank you for the comeback. Agreed, Makes sense. Good points. But its going to take a long time since. My observations are the Europeans are VERY obedient to global central planners.
Scum have seen off early buyers and are now leaning on all PM’s.
Commercials at record short in Au…ergo mkt must go down…..hello CFTC…..sri, sri u were watching Porn again…didn’t realise, thought you were paid to ensure fair mkts, not watch porn all day, while Fall st robs everyone blind…..Silly me.
Jesse
Gold Daily and Silver Weekly Charts – Stock Option Expiry – US Douleur du Monde
“But there is a sort of ‘Ok guys, you’re mad, but how are you going to stop me’ mentality at the top.”
Robert Johnson
“A man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.”
Hunter S. Thompson
Why are our election choices at the end of the day so often a choice between repugnant and despicable, so often a choice between corrupt narcissists with little difference except for their marketing brand and particular sponsors?
I think most of us already know the answer.
Tomorrow is a stock option expiration for March, which as I recall is not inconsequential.
A surprising number of people contacted me via email to ask if something had happened, as gold rallied but was noticeably lagged by PHYS and some of the mining stocks.
And then later on gold was hit, giving up its gains for the day and the miners et al. knocked down a bit further.
Silver held up fairly well, but was more surprising was that the dollar had quite a poor day of it as you can see below.
Other than normal profit-taking and short selling, I would consider the possibility that the biggest options players, who tend to be the Banks and the others who play virtually every market and market cross, saw a nice opportunity to clean the clocks of the call buyers in the miners and related trades who were enthused by the big run higher sparked by the Fed.
However that is a surmise for now and there are somewhat less complicated explanations. But after all we have seen, I am much more willing to entertain the crookedness of the markets than I might have been some years ago. The options markets have become almost as bad a rat’s nest as the forex markets for the retail traders.
There was negligible precious metal activity at The Bucket Shop yesterday, and just a little leakage of bullion out of the warehouses.
Let’s see what happens.
Mr Copper
The Euro will die plan or no plan, because too mny hate it and see the damage it does. Just like Trump is emerging, different parties are emerging in Europe, that respond to their voters and their voters want rid of the Euro.
So far mainstream parties have combined to keep the new parties out, but that just pisses people off even more, eventually they will overwhelm the mainstream and those countries will leave the Euro.
France by the way still prices everything in the shops, in both Euro’s and Francs…..and people still talk of Old Francs, when it comes to house prices !!!!!!
SA a great place not to do business
SA miners say being unduly pressured over licenses
The Chamber of Mines of South Africa, which represents companies including Glencore and Anglo American, said it wants reports probed that mines are receiving notices from the government suspending operations because they don’t meet black ownership requirements probed because those regulations are due to be ruled on by a court.
This week the High Court in Pretoria began hearing a case lodged by the Chamber against the Department of Mineral Resources. The judge is being asked to rule on the legality of a requirement added by the DMR to the mutually agreed mining charter in 2010 that requires mine assets to be at least 26% black-owned at all times even when black investors sell their stakes is legal. The Chamber also said safety stoppages are being issued improperly.
eeos @ 9:25
Seems to me we might stay in the $30 to $50 dollar range for quite some time … barring a Black Swan of course … something like a Saudi-Iranian shooting war would certainly goose the price, but that’s not likely. Of course I reserve the right to be wrong just like Gartman …
well ipso oil is a tough call IMO
I like monthly charts best, it’s the best wet finger to throw in the air to determine general wind direction. We could just be testing resistance
Making a career about being wrong
Gartman Has Less Than $2 To Live As Oil Rises Above $42
http://www.zerohedge.com/news/2016-03-18/gartman-has-less-2-live-oil-rises-above-42
Good morning Oasis
Turquoise Hill Announces Financial Results and Review of Operations for 2015
http://finance.yahoo.com/news/turquoise-hill-announces-financial-results-211000414.html
True Gold Mining Reports Q4 2015 Financial Results
http://finance.yahoo.com/news/true-gold-mining-reports-q4-001100382.html
Nautilus Minerals Announces Release of Annual Results
http://finance.yahoo.com/news/nautilus-minerals-announces-release-annual-114500550.html