Loading ...Had to run out for the afternoon and decided to let the trade run. Ouch ! LOL
Lost a few dollars, but nearly worth it for my fragile psyche just to see silver explode upward. Banksters got gold back in line, but not the Silver Stallion. Impressive strength shown by the silver today. Great ending to the week.
Cant count on those banksters to do anything right anymore. 🙂
To all, Have a Great Weekend. Got a feeling next week is gonna be a good one for us. Best, Farmboy
Maddog – silver is acting great even as the boys get shorter. Go figure. You are right though, they stay on the offer on everything pm all day long and especially into every close.
http://www.cftc.gov/dea/futures/deacmxlf.htm
Overall though it’s not been that bad, the corrections are short lately. We’ll see what happens, seems they can dump at will…
Mr. Copper – I’m no chart guru but SLW looks poised for a nice run if it can bust $22.80. Course silver has to cooperate.
Copper play? I’ve been sitting on NSU since the beginning, 10-15 years ago? It pays a 5% div while you sit on it.
So I started inching back in at 1:30 pm. Bought some SLW too. I think were in PMs are back in gear and can keep moving back in.
In New York on Friday copper for delivery in March jumped by more than 4% to $2.7710 per pound or $6,100 a tonne after BHP Billiton declared force majeure at its Escondida mine in Chile.
Copper is now trading at its highest level since late May 2015 with year-to-date gains of just under 10%. BHP confirmed on Friday it could no longer meet contractual obligations on metals shipments from the mine, the world’s largest copper operation by a wide margin.
Some 2,500 workers at Escondida walked off the job on Thursday and all indications are that the union is preparing for an extended fight over wages and benefits
cont. http://www.mining.com/copper-price-surges-bhp-force-majeure/
Looks like he might rewrite it rather than drag it out. Hope he rewrites it and does it fast before the domestic terrorist enablers have time for their propaganda.
I’m not ” that” far from you but below it. Man plans, nature teaches, man never learns. You can’t control nature, you can only go with it or get out of its way. Â Maybe if I ever get up there again I’ll look you up. That is If. Lol
the intra day action is still being run by Algo’s ramming the Dollar, particularly in Usd/Jpy, to get SM running and some Algo’s still hit PM’s, whenever that happens.
Meanwhile GDX is heavily offered non stop…they sure don’t allow any real excitement to build !!!!
Yup yr right action is getting much better, even in the shares tdy…the way Au has bounced back is really impressive and as u say Silver a real stand out.
My next concern is that if we finish Hui above 212.12 tdy and it sure looks like we will, that makes it 8 weeks plus and even in these mad Algo mkts 8 weeks is a long stretch !!!
In E wave this action is good early 3 rd wave action…long term we take out the all time Hi’s big time.
Cheers
Being in Chico, I’m near it but not really downstream. Looks like they’re going to use the spillway anyway, even if it self-destructs in the process.
Roger that info, thank you. Yes it was my Jersey friend Wanka with the scattered chicken parts. I forgot. I should have known that. Good idea with the SLW.
The Dinesletter recently added that one. A good royalty play. I might buy some myself. The take downs were ridiculous. First October, 29-23, then in November in 3 days down 25-18, then the final bottom 17 in Dec.
I saw something about it? They better start digging ditches fast not to mention be planning a emergency plan for those near it. At about age 11 I got caught up in a current in one of their off shutes swimming around after a fishing trip. Almost drowned lol but wasn’t funny at the time. . The currents can get dangerous. Â Children and non swimmers will be at risk. Even swimmers if bad enough. I’m not near it. Looks like they need a pipline and harvest that water for southern CaMexico lol Meanwhile hope people keep their kids away. Even watching it from a close distance things can cave in. It’s not new as drought then floods. Folsom dam years ago in the 90s had a problem too because of pressure and vibration. Then the drought almost emptied it.
Hopefully this fellow is correct: ” Inevitably this will lead to apocalyptic stories about dam failure (the integrity of the dam is unrelated to the spillway, as it’s round the corner, behind a lot of rock). Expect conspiracy theories, and political exploitation regarding infrastructure investment and departmental authority.”
https://www.metabunk.org/oroville-dam-spillway-failure.t8381/
That would put us in the same situation of Europe. All Trump has to do is write a new executive order banning people from those countries and exclude all those who have residency or visas and green cards constitutional status. Anyone else from foreign countries don’t and can’t fall under any constitutional protection. Meanwhile they want to put christians on the back of the bus even though they are under imminent threat by muslims who are the threat  because they say they are discriminating against the people that are killing  them. What that supposed to be the bias joke of the day.These christians have more courage in their little finger than these cowards blocking them or the Pope for that matter for fear of upsetting the me first muslims.  What a disgrace. Meanwhile church groups getting paid so conflict of interest even with their so called faith they made a business out of.
In the US once a foreign national good or bad has refugee status they have permeant residency and path to citizenship. No going back after the war. Mexicans on the other hand didn’t want citizenship because if they get caught in a crime they just get sent back instead of doing time a citizen would and just come back with a different fake ID. With non violent crimes almost funny.
The “chicken entrails” were created by our commander-in-chief Wanka
I don’t mean to scare everyone but I just deployed the balance of my cash a little while ago into SLW and some GG calls.
It’s going to be interesting to see what happens if the HUI decides to push back up to 220 today.
I see the USD has given back all it’s early gains.
Who was it that used to use chicken entrails for guidance? Something I see and hear has me wondering. Since Dec Dow and Gold going up together. They usually go opposite each other. One of the two is lying. And we may find out one fine day its the Dow that’s out of line.
Yeah Farmboy, probably OK with JDST, I think they’ll drip sell and get things at least back to flat. Pretty rare when we have a down open the boys let the pm complex do a full reversal, although silver looks really good…
Best guess is they continue to hold the line at 220 HUI for awhile and when it finally goes it’s 250 in short order where we’ll fight another battle.
Hey Ipso – just seems like there’s accumulation, but what do I know? 🙂
“an upward bias and an underlying bid for pm’s.”
Looks like that to me too! Today a good example.
Just cashed out my JNUG, and now if the banksters will oblige me and be kind enough to pull the bop lever I can sell my JDST shortly and take the rest of the day off. Getting to like these banksters more and more. 🙂
Agree, the dopey dollar looks a little toppy here. Lets see how it plays out.
How’s the sunburn anyways ? lol
You’ve been commenting for the last week or so that the action in the shares have been very weak lately, even on up days and it has. While we continue to see the stairs up, what we haven’t really seen is the elevator down, especially on days when the USD is very strong.
Maybe I’m just hopeful, but it seems to me that the USD is losing steam and despite the rather weak upside action there is an upward bias and an underlying bid for pm’s.
We survived the opening onslaught. No doubt there will be another one shortly, likely followed by drip selling throughout the day, but at least there’s no waterfall down….yet….
Silver looks really good.
In a major reversal to his stated foreign policy framework with China, in his first phone call held with China’s president Xi Jinping held on Thursday night, President Donald Trump agreed to honor the “one China” policy, easing a key source of diplomatic tension between the world’s two largest economies. The phone call came just one day after Trump sent Xi a letter stating he seeks a “constructive relationship” with China, took place hours after a US Appeals Court ruled against the Trump Administration’s executive order on immigration, and came ahead of Trump’s first official meeting with Japan’s PM Shinzo Abe.
same old song is back……but when does the world wake up to the fact the strong dollar is killing exports…?????????
eg. it is killing farm exports and farmers lively hoods.
Something has to give.