Loading ...that the “Big Money” in the mining shares will not be made by the Gold Bugz … that the Gold Bugz will sell out too soon and miss the vertical part of the move. I doubt we are there yet but it bears keeping in mind.
ipso-facto
I was stunned the other day to hear that Bloomberg himself is worth $ 29 Billion. That service he has costs a fortune and if I’m not mistaken, the only thing it does that is special, is price loads of bonds and OTC derivatives, apart from dealers in those it ain’t necessary to have one..
But it has an internal messaging system and if your not on it, then you ain’t anyone in banking….so Banks pay Bloomberg fortunes for terminals that are effectively nothing more than an old fashioned pageing service, just to keep the egos of their prick employees intact….and that is how Dirty Mike made his $ 29 Billion.
Ps Dirty Mike treats his young female staff as his personal harem, so rumour has it.
joe12pack @ 1:14 re Armstrong’s “Let the market tell us”??
The market is nudged what to do by the global bankers. The ONLY time the market “talks” is when the manipulated market value gets so DISTORTED, (shortage or surplus) only at that point is their a reversal. The entire decades old system is trying to reverse.
Since you consider me arrogant calling tops or bottoms, BTW, I don’t call tops, I’m bullish long term. I’ll keep my thoughts to myself from now on. I’m only trying to help people here, but nobody is helping me with good info, with stock picks etc.
Another reason NOT to bury phiz
Construction workers in Spain unearth 1,300 pound trove of ancient Roman coins
Some 1,300 pounds of bronze Roman coins dating to the 3rd and 4th centuries have been unearthed by construction workers digging ditches in Spain.
The find, in 19 amphoras — storage containers — is unique not only because of the volume of coins but because the coins appear to have never been in circulation, making them almost pristine by comparison with other discoveries.
Workers in the city of Tomares, in Andalusia, were working on installing a water line to a park in the city of 24,000, according to the Spanish newspaper El País, when they noticed irregular terrain inside a ditch about a meter below ground level.
Some of the containers were broken, with the coins spilling out of them, while others were intact. They show an emperor, Maximian or Constantine on one side and Roman allegories on the other, researchers told reporters. Experts are speculating that the coins were meant to pay taxes or support legions of the Roman armies in Spain at the time.
“We have a team looking into the discovery right now. We believe it is hugely important and will have more information very soon,” a spokesman at Andalusia’s Ministry of Culture in Seville told The Local on Thursday.
Good morning Buygold
Someone is sure messing with the Scum’s head and they look pretty ready to take the shorts out.
Long term problem for the Scum is that it is all too damn cheap… Toqueville did a recent study on how much Au was held in World wide portfolio’s as a percentage and came up with 0.055 %…..if that percentage was raised by just 1 %, it requires 56,000 tonnes at current prices…or 14 years production. The old Swiss ratio used to be 5 %…. 60 years production !!!!!!
As for tdy, we have a break out above 1283.01….can the Scum do the usual and force it back down….the battle is on.
Unmasking the Men Behind Zero Hedge, Wall Street’s Renegade Blog
The Full Story Behind Bloomberg’s Attempt To “Unmask” Zero Hedge
http://www.zerohedge.com/news/2016-04-29/full-story-behind-bloombergs-attempt-unmask-zero-hedge
What if the Chinese were to pull a fast one and back their currency with gold, garnering investment around the world?
Gold & Silver Surge To New Cycle Highs After China Strengthens Yuan By Most In 11 Years
Submitted by Tyler Durden on 04/29/2016 – 07:05 
With Japan closed, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the USD weaker for the 5th day in a row. Commodities have tended to push higher on the back of this with Crude above $46.50 but Gold and Silver have surged to fresh 15 month highs (over $1275 and near $18 respectively).
Good morning Oasis
Agnico Eagle Reports First Quarter 2016 Operating and Financial Results – Continued Strong Operational Performance – Amaruq, El Barqueno and Barsele Drill Programs Yield Positive Results
http://finance.yahoo.com/news/agnico-eagle-reports-first-quarter-210000992.html
Peru miner Buenaventura says net profit tripled in 1st quarter
http://finance.yahoo.com/news/peru-miner-buenaventura-says-net-220832518.html
Teranga Gold Reports Strong Free Cash Flow per Ounce of $144 Driven by Record First Quarter Production
http://finance.yahoo.com/news/teranga-gold-reports-strong-free-231917215.html
Newmarket Gold Reports Strong First Quarter 2016 Financial Results; Essentially Debt-Free; Fosterville Delivers Record Production and Low AISC of US$723
http://finance.yahoo.com/news/newmarket-gold-reports-strong-first-103000790.html
Golden Minerals Reports First Quarter 2016 Results
http://finance.yahoo.com/news/golden-minerals-reports-first-quarter-105500505.html
Argonaut Gold Announces $30 Million Revolving Credit Facility, Updated Preliminary Economic Assessment and Permitting Advancement at San Agustin
http://finance.yahoo.com/news/argonaut-gold-announces-30-million-110000046.html
Auandag @ 20:34 Share Oldtimer’s Views & Comments
Excellent discourse on discovering what is Truth. No doubt in my own mind that this country has replaced it’s ‘moral compass’ with anything but The Truth. Thanks for posting that for our enlightenment.
Morning Mr. Copper
“Look at the charts. That straight up dollar “rally” in 2014 was done manually on purpose, not natural market forces. They “threw a 1.5 year bone” to Europe and Japan et al.”
Agree with your assessment of the USD, whether it was manipulated up in 2014 in a coordinated global effort or not I don’t know, BUT it sure appears that move higher is about over and we are starting to see it in the price of oil and pm’s. Makes me wonder if the U.S. is also headed toward negative rates.
I like you ororeef
But now you’re reminding me of a letter writer. You’ve been on the wrong side of the silver trade for at least a month and a half or two. And what happens if we keep going? You already talked a bunch of people out of not being in the game. So I think it’s best to just sit on your hands. Your own advice isn’t working
Joe12pac
Yes a lot of the so called predictors get it wrong or they see a uptrend call a uptrend but neglect to call a down trend or possibility of a turning point. So people stay in and watch their gains go south and wind up selling at the lows or a substantial loss. I warned a friend about the DOW yesterday and he said someone named Brinker said it will go up last Feb and looking pretty good. Well today the candle didn’t look good. Then tonight Armstrong came out said there is a sell signal on the DOW today but not PMs yet and will depend if it could surpass 2015s high.That they will eventually merge and move together. He’s been saying that for awhile anyways.
He came out with two interesting pieces as the one tonight led me to another. He mentioned if Brits exit and Europe wants to follow it could push Euro down and dollar up. He still appears to say without words that dollar still inverse. It’s definetly something to watch but at this point with everything falling apart due to insane and destructive politics is it going to matter? We’ll have to watch.
I respect his knowledge but I think the Bugs are fed up with his bashing them over the DOW. I remember him calling for a high in 2015 on a audio with Kings world news shortly after he got out and then totally reversed. After he reversed this audio disapeared. Even with this move up he was still saying it’s not ready for prime time yet. It was like he was negating the move up had any meaning because he was so focused on his computer and alignment lol Until lately he didn’t say much expect wasn’t ready yet. Since then the PMs stocks have doubled and tripled off the lows. We’re people supposed to sit back and say to themselves no not yet? What if they do surpass the 2015 high? The trains have already left the station or maybe it does surpass then corrects. If they don’t then they can get off or just ride out the next turn. This bashing them has nothing to do with his models and makes him look like a bit of a dictator that wants followers. Now if he was talking about particular people who were say predictors or sellers that were wrong over and over but he doesn’t it’s just everybody. My worry is that Im sure the gov is reading his work and will they try to manipulate again? Perhaps there will be so much problems it will be the least of their worries. Wonder where these credit swaps will lead for one.
Mr. Copper
Armstrong doesn’t call tops or bottoms. Only arrogant pricks do that. His system tells us when cycles are due. Both the price and the time are important.
In his gold report in March 2015 his models told us that silver and gold cycles were due the weeks of Nov 30 and Dec 7th respectively. We pay attention to those weeks and the price did not reach his bearish target. So both time and price corresponded for us to conclude that was a low. But we let the market tell us.
And his next benchmark date in April turned out to be another turning point in gold for the next leg up.
Now we are in a precarious situation with Silver. We can still head higher into May however if we close lower than the price he stated then it’s be a steep drop.
He is not saying it’s going to happen. Let the market tell us.
Maybe one day you’ll make an amazing call like Marty did (he called the ’87 crash to the day and then told everyone to go long which at the time they thought he was crazy) and then they’ll make a movie about you too. And I don’t need to see all your successful calls. Every guru out there loves to blow sunshine up their a$$es about their great calls. Of course they conveniently forget about all their bad calls that have cost their subscribers their life savings.
The JOB SELL -OUT
started in the 1960,s in the Garment business ! but didnt effect the rest of the Country and the lies that the Government concocted were.Americans dont want those jobs anyway ! They didnt want 500,000 jobs ? Why were they work there? LIES . The Stupid Americans still believe that shit. Thats why there called the MUSHROOM people ….Keep them in the Dark and feed them a bunch of shit …Yes that how they grow mushrooms !