I suspect if Zuckerberg and many of his cohorts have their way then the Borg Option might be the solution. That is if we don’t blow ourselves up first.
GDX, GDXJ
Big blocks at the close. 18 million on GDX and 5.3 million on GDXJ.
Maybe a little bounce coming……or not. 🙂
Kunstler
As I write, the French stock market (the CAC 40), is doing a grand jeté (up 4.5 percent!) in celebration of Emmanuel Macron’s assumed slaying of the dragon Le Pen. But that was just the first round under the interesting French election system. Consider that two other candidates who were eliminated, Monsieurs Fillon and Mélenchon, got nearly 40 percent of the vote. Are we so sure about where their voters go in the second and final round two weeks from now?
I suspect that most Americans — even the ones who follow Rachel Maddow — are about as interested in French politics as differential calculus. Macron, 36, is a blank slate. He was finance minister under current president François Hollande, of the Socialist Party, but declared during the election campaign that he’s not a socialist, he only wanted to be of service to his country, and this time he ran under his own party, En Marche! He appears to represent the continuation of business-as-usual with the European Union, which seems to put him on the wrong side of history at this crucial moment — if you suppose, as I do, that the EU is so riddled with hopeless financial contradictions and centrifugal political tensions that it is unlikely to persist.
cont. http://kunstler.com/clusterfuck-nation/ready-set-splat/
Maddog @ 15:11
So … if not the French then the Italians …
I think there are so many Black Swans in flight that they can’t be counted … and still the boyz trash us daily. If a bull market takes off with as few as possible on board then that describes us.
Cheers
PS Macron’s wife, 24 years his senior. Yikes 🙂
Usual massive GDX selling into close
Plus what is story in SGDJ…trading huge vol and down over 4 % !!!!!!
ipso facto
The French have 2 weeks to make up their minds….we’ll see…there will be a massive campaign to sell Macron and the French used to be famous for their non predictable behavior….One thing is for sure, life as of now for 97 % is not great.
Even if the French chicken out, there are still the Italians and 5 Star, which does not have any fascist history/taint etc and the Italians especially in the North are way more pissed off than the French…the EU is still gonna blow, it’s just who will blow it up.
Ps
Oh my God…just saw the Dax is up 3.25 % and the Krauts are gonna pay for it all, if Macron gets in…Utter insanity.
Hello Middlecreek
Don’t know if your on a computer at work outside your home but they can be monitored if deviated from the work. Don’t know if that’s the case but if so best you don’t use it there anyways. I had a friend who used to email me a lot from a work polici and current events and caused her some trouble.
Even NUGT Isn’t Pricing Right
Gold down $8? NUGT (-3%) should be down 10%. It really doesn’t respond like it used to. We have STOCKS down 5% to 6% acting more like NUGT, and NUGT acting like a blue chip miner. I swear, they re-programmed their auto pricing machines that follow or connect to COMEX AU and AG.
TPTB Can’t Win, They Are Doing A Rain Dance, Buying Stocks Bonds and Real Estate
They NEED entry level employees coming fresh out of high school, to get married and buy homes. (they can’t) They PTB, are not succeeding in getting tax PAYER entry level wages extremely higher, to off set or put into balance their fake man made artificial import everything economy.
We have cops in my town earning the same wages as a doctor or physician. Cop husband, teacher wife, buy homes no problem, using tax payer money.
When TPTB buy Bonds, they are doing so to keep rates low, to “make” people buy houses CARS and stocks. That means ONE THING. TPTB are the actual buyers of stocks bonds and real estate.
Buygold
Check your inbox.
Mr.Copper
Let’s hope there’s a similar result!
Mr. Copper
Someone is lying and their name is Goldman Sachs.
Seriously though. The manipulation has gotten more and more blatant in the last few months. No way to gauge what if anything will drive the metals higher.
Ipsofacto, re Bookies See Almost 90% Chance Of Macron
I think Hillary had similar score with bookies. I was told 4 to 1 against Trump. Bet $1 and if he wins, get back $4. They say gamblers have an unconscious or subconscious, or “secrete” desire to lose.
SLW is up
With the exception of the juniors this day could be a lot weaker for the shares.
I guess we’ll see how things go if the SM rolls over a little.
Maddog
To let you know that I, too, appreciate your analysis of things foreign to us. Thank you.
Morning Maddog
Thanks for the Macron update. Seems like 90% odds should probably tighten up a bit before the election.
Looks like someone is doing a little fishing in the NEM pond.
Hard to believe we’re getting this reaction with the USD getting pounded.
Maddog
Sorry to hear that France is going down this road. Perhaps there will be a big surprise as happened in the States. Not counting on it!
If Le Pen somehow does get in, there is still the question of what will happen then. There’s lots of disappointed voters in the US who voted for Trump and are now becoming increasingly disillusioned!
I always appreciate your analysis.
ipso facto
Re Bookies
As I said a Macron win means nothing changes, but in reality get’s far worse, as he is clearly an elite Patsy…he is not even from the vaguely sensible, but all crooks Fillon/Sarkozy side. He is of the left, the same cretins as Hollande, who they already hate, plus he is clearly a Mummy’s boy, as he has married his !!!!!
The mkts/we are being gamed big time, the winners will once gain be the 1 %…who control the Rig….this is dangerous stuff. The French have 2 weeks to decide, do they continue down the same path that has bought nothing but misery, poverty and terror, or do they give Le Pen a chance and at least try and change.
Flip Flopper
Trump: If The DOJ Wants To Arrest Assange, “It’s OK With Me”
Mkt madness/rigged to celebrate potential Macron win.
SM’s flying on back of potential Macron Presidency.
Macron is a Socialist, cut from same cloth Hollande is and was even in Hollande’s government. The only diff is that Macron has even less experience than Hollande, but has same lousy ideas…So why does the mkt think everything will be different, it won’t be it will be worse if anything. ergo the mkt is being gamed to trigger MoMo Algo’s.
Most stupid reaction of all……. the Dax, which is up more than all the others, because if Macron wins, the Germans are gonna get the bill, so in reality a Macron win is a nightmare for Germany.
I guess this is the excuse for the gold bashing?
Bookies See Almost 90% Chance Of Macron Becoming French President
SnG….Macroman3,4,5….Richard640
Andre Rieux does Amazing Grace better than any I’ve ever seen/heard…definitely stirring, R640.
Manipulated, “hopeless” JNUG has a lot of volume pre-mkt.=1,364,450
Can they all be stoo-pid? What do they know that we don’t?
