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I figure since all politicians are basically the same, they might as well provide us serfs some entertainment value. 🙂
Farmboy @ 20:17
Hey… you’re a frog. Who YOU gonna vote for?? 🙂
Maddog @ 15:10 Thank You Kindly For Your Reply,
and the thoughtful analysis of the upcoming vote in France. I appreciate your taking the time to provide needed insight into the political on goings with the EU members.
I could Goggle the topic and read articles for days and not understand the situation as well as you have described.
Best, Farmboy
Well eeos
One thing we know for sure, they won’t make it easy
Maddog @ 16:24 re Naked Long Positions???
Re your parts:
“They ain’t buying the right amount of shares and are issuing huge new amounts of the ETF” “and the issuer ain’t buying the dollar amounts in the underlying shares,”
Comment:
Can you imagine if they did that with GLD? Take in the money and not buy what they are supposed to? It sounds like naked LONG positions. Only the ETF gets the demand, and not the underlying backing.
TPTB have been doing all kinds of strange things to delay reality. Unfortunately for them, that process will cause a SUDDEN reality situation popping up all at once. And all those index ETF funds? Just wait until a market slide unfolds. Who will buy huge blocks of shares when the big pigs try to cash out? Things will be very abrupt fast and deep.
Here’s the scoop
The powers that be are protecting the $1,300 line (really around $1,290 is the all hell breaks loose line) in the sand with gold spot right now. They know if they can combat it and get the HFT’s and bullion banks to join in on an attack that they can subdue the PM’s for several more months. But they have this huge vexing triangle that’s going to break out hard and Gold is going to pass $1,900 when we cross the line. They want no one riding the bull and they’re going to try to shake us hard I think. This is a multi-year trend line and when the trip line is pulled, well it’s explosion time. We’re coming right into the apex, it almost feels like the setup in 2006 when we were approaching $600 gold. So I’m going to put all the negative market thoughts out of my mind and focus on how I can best allocate future funds into good trades. I think they’d love to send us to the sub-basement but I think too many little Joe’s will stand for delivery and they’ll lose the precious metal to strong hands. So now we have a huge bind, probably bigger than ever
Maddog
PM’s continue to move higher after the close, a little unusual.
It is odd to see the GDX type large caps outperforming the small caps. Still as you say, they are under performing the metals.
HUI should have breached 220 by now. Getting interesting.
Looking at the ratio charts of GDX versus individual miners
says something smells, as GDX is out performing most of them….will do more checking…but smells to me that the issuer is playing scum games….which is why the miners are so relatively weak.
They ain’t buying the right amount of shares and are issueing huge new amounts of the ETF…ie the mystery GDX seller.
Yes people are buying the PM stox, but are buying the ETF’s and the issuer ain’t buying the dollar amounts in the underlying shares, it’s shorting the mkt effectively..hence the lousy share performance….hello SEC..can u put the Porn down….
Hey Equisetum
Hope you’re right, we could use some portfolio refurbishing. 🙂
FX Turmoils After Trump Says “Dollar Is Getting Too Strong”
Twas only a matter of time…now where does the Rig go…as it only knows strong Dollar/SM, weak PM’s….
Buygold @ 15:30
Wykoff on Kitco suggests that POG just did it’s little pop upwards because Mr. Trump said to someone that the US dollar is too strong. I hope and believe that gold and silver have stronger fundamental reasons than that to continue some upward momentum. Looking forward to some good weeks ahead for the PM portion of our portfolio. Cheers.
The Military Crap Is A Diversionary Tactic. Psychotherapy.
If you have enough butter for 5 deli rolls, and spread it around onto 20 deli rolls instead, nobody can taste the butter.
The entire global economy is probably on the verge of collapse, but only the biggest of the big global business and global banking insiders, like Trump and T-Rex know it. That’s why they are all in the Whitehouse.
They have the most to lose, and threw out the children, and took control.
Well something seems to be up
Metals catching some air and USD losing ground.
Makes me wonder if there’s something to that N. Korea story.
eeos @ 13:57
You sound like me!
Auandag @ 14:23
That video is from 2011. How is it relevant now, except to stoke your neocon fears? Trump is in charge now. He’s not going there. He says he is not, and I believe him. Do you think we learned nothing from our past military adventures in the ME?
Hi Farmboy
Frog Election.
it’s a two vote system…The Top two in 1st vote, go through to 2nd vote.
Looks very much as if it will be between Le Pen and Macron…Fillon who is the centre right, has too much baggage/dodgy deals.
Macron has come out of nowhere to run a new centre left party, En Marche, spun out of the socialists/Hollande’s idiots. It is being sold as an ultra trendy youthfull party, due to Macrons relative youth. It smells to me that he has been ‘created’ by the establishment, because Fillon now cannot win. The establishment were hoping the left and the right would combine in the 2nd vote to stop Le Pen, by voting for Fillon, they now hope Macron will do the same etc. Macron is a classic creature of French politics, having come though as an Enarque, The École nationale d’administration, through which nearly all French politicians have come, whether of the left, centre or right.
I read recently that Macron was found and promoted by Jacques Atalli, who is a full on socialist madman. Years ago Atalli was put in charge of the ERB (European bank for Reconstruction) by his mentor President Mitterand. The ERB was an EU/French creation for throwing EU taxpayers money around, outside the EU…in no time at all he turned it into a total fiasco, before it had lent a penny. The costs of the Headquarters building in London. directly overseen by Atalli, became a joke…eg.the price for the mountains of marble for the entrance hall, was astronomical.
A great journalist did a Knock, knock joke about him…Knock, knock…who’s there. Jacques. Jacques who ????? Jacques Atalli over the Top. He weny home in disgrace, not long afterwards.
Needless to say he has carried on messing France up, unconcerned by non stop failure and now he has ‘found/created’ Macron….if Macron pulls it off then expect…..more non stop failure, albeit with a youthfull tinge.
Le Pen on the other hand, will be an earthquake in EU politics, that will make Brexit look like a childrens tea party and if she doesn’t win this one, she will win the next….but by then Beppe Grillo’s 5 Star will have won in Italy and blown the EU up…his catch phrase towards the establishment is Vaffanculo…which translates as ‘Fuck Off’…kinda beats Drain the Swamp !!!!!!
Zero hedge=an “event” on Thursday–?
Separately, in an unconfirmed report issued by Pravdareport.ru, “Kim Jong-un has ordered 25 percent of Pyongyang residents to leave the city immediately.”
In accordance with the order, 600,000 people should be urgently evacuated. Experts note that the evacuation will most likely be conducted due to extremely strained tensions in relations with the United States of America.
Reportedly, Pyongyang’s bomb shelters will not be able to accommodate the entire population of the North Korean capital. Therefore, 600,000 people – mostly individuals with criminal records – will have to leave Pyongyang to let others use bomb shelters.
We would not give this particular report much credibility, although with the information blackout out of North Korea it is impossible to confirm either way.
With market liquidity already thin, and desks barely staffed ahead of Friday’s holiday, will the market take the risk of another “irrational” demonstration of technological advancement by Kim over the next 24 hours, especially with Trump – and China – both making it abundantly clear any further provocations by North Korea’s regime would be met with retaliation, and hold stocks overnight? The answer will be revealed shortly.
Nothing beats phiz
All paper shall burn. Lol, stocks are for losers
Mr Copper
Looks like their up to the manipulation game again. Attack the bear ETFs in equities and who knows forward split the Bull ETF while attacking the bull PM ETFs. I wonder why they hit one bear PM less they want to go after liquidity including in equity shorts.
Trump keeping promises, actual news
China rejects North Korean coal shipments, opts for US supplies instead
http://www.foxnews.com/politics/2017/04/11/china-rejects-north-korean-coal-shipments-opts-for-us-supplies-instead.html
Prototype Border Walls Will Be Built Near San Diego
http://www.breitbart.com/big-government/2017/04/11/prototype-border-walls-san-diego/
Trump Admin Releases ‘Drain the Swamp’ Guidance to Restructure the Federal Government
http://www.breitbart.com/big-government/2017/04/11/trump-admin-releases-drain-the-swamp-guidance-to-restructure-the-federal-government/
Trump Refuses To Sign G7 Statement Endorsing Paris Climate Agreement
http://dailycaller.com/2017/04/11/trump-refuses-to-sign-g7-statement-endorsing-paris-climate-agreement/
Maddog, Goldcountry
The pipeline has been subject for awhile. We’ll know one way or another if Assad ever driven out of power and next one isn’t allies with Russia and they start building one.
@Farmboy
You’re welcome. I figured my friends should know in case they want to sell before hand, or buy afterward.