Loading ...Ballinger today=Silver is a “BUY” – right now= as you have been hearing in this space for years, you have to trade WITH the criminals, not AGAINST them
“Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that “it is truly different this time”.”
This chart says it all – you have RSI and MACD in deeply oversold territory; the blogs are all in full regalia talking about a “bloodbath; and gold old Turd Ferguson at the TF Metals Report is tweeting 100 times a day how “CRIMINAL this takedown is!” Well, duh, of course it is because=. Incidentally, every time I take a “It-will- be-different-this-time” position, (like last week) and try to outsmart the Commercials, I usually wind up in the queue at Shoppers Drug Mart with a little red basket full of Tylenol, Prep H, and Depends so needless to say, I wound up there yesterday.
I am also buying the USLV to replace the position stopped out last week at $16.00 (sorry for not positing that). I placed an order at $12.71 and assume I am filled and will use a 10% stop at around $11.50.
commish, with oil heading south at $48, inventory report and Ole Yellar tomorrow…
Should be a lot more inneresting than the paint drying these last two days…
Ehem, er, ahhh, Farmboy, that there pic at 18:10 ain’t gunna get AuGirl to come back to you…
She be singer a whole new song without yer ribberts
Gold Very Related To Oil Lately.
Gold and Oil both, bottomed into March and peaked into April, and bottoms into May? They change directions about the same time, but the oil moves look more extreme. Weird unusual “noisy” things going on lately. Danger signs in my opinion. Like hearing strange or unusual sounds while driving your car. Something might break, so get it checked out.
Gold http://finviz.com/futures_charts.ashx?t=METALS&p=d1
oil http: http://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
Oil Going Low
WTI Crude 48.12
Brent 51.01
Maddog @ 16:11 It’s Getting To Where You Dont Want To Leave Home,
without a little JDST in your pocket.
Pretty weird stuff today.
Frostbite, Make Yourself Useful And Go Get Yellen Off The RR Track,
on second thought, just leave her there. 🙂 Just make sure she is properly attached to the middle of the tracks. Thanks !
Maya @ 14:26 No Problem Maya, I’ll Have Her Fueled and Tweaked Ready To Ride.
Might take me a couple days, all I got is this 5 gal gas can and some 3 In 1 oil.
OLYMPUS DIGITAL CAMERA
Good Afternoon
Just a comment, the shock and what is next ?
Allow me , We all allowed, there was 9/11, there were weapons of mass Everywhere illusion, hence the killing of mass sand people, the oil, the young men employed in the name of honor, those young men killed and returning, the truth of the other side ,the elections of illusions, the continued elections of illusions. We had real choices..not. Old goldruuner was a fool or an agent..
I am a man who knew the truth ..grow older..comment little ..await ..
Mr. Copper ..you lived in my timeline..from the madding crew..we lived in the very best of times…smile. We our forefathers, , some may understand, left them The old world .. and they have unfortunately , placed us all back to sheep.
enjoy every day..
The old walker..
Ipso 10:10
Good let them get locked up in the same cell as illegal gansters. Maybe they’ll get scared straight lol
SLV down 12 straight days…AG going for 13 dn out of 14 !!!!!!!
GDX knocked by over 0.75 % into close and GDXJ knocked for 0.85 %…scum lock down is major here, as the Rig allows no place to hide from their total insanity.
Well
here we are once again, USD drifting lower, absolutely no help to pm’s
Yes. Stocks are going to go higher, just not the right ones.
Richey Re 13:36 Stocks ain’t going down much any time soon cause:
Is that sarcasm? Stocks ain’t going down?
I just looked at a VXX chart, which shows down 78% in one year. SPY (SnP) up 32% in one year. So VXX goes opposite the SnP. So if everybody is loading up 95% on VXX, it sounds like most people are betting on a DROP in the SnP.
That means they all think general stocks are going down. Not up.
Farmboy @ 10:51
The Wabash Cannonball stands ready for departure for you.
You DID fill the fuel, right?? 🙂
http://railpictures.net/photo/562643/
That Chinese money…
ain’t going into Gold so much.
Bitcoin now $1,444 and still trending up.
http://www.coindesk.com/price/
@Richey re 13:36 Stocks ain’t going down
Richey, hi. Re Stocks can’t go down. Does that mean the 95% short position is suggesting most p[people are generally wrong? I.e., a widely held position is generally wrong?
Stocks ain’t going down much any time soon cause:
“short vol’ isn’t just an institutional trade anymore, it’s massive with retail as evidenced by the shares outstanding in the various VIX ETNs. FT highlighted over the weekend that ‘short interest’ in VXX has actually outpaced creation of new shares in VXX this years, which is indicative of this growing retail demand for the ‘strategy.’ Currently per my stock loan team, VXX short utilization spiked to an insane 95% yesterday (% of the ‘free shares’ being used to short).”
Hunkered Down & Waiting It Out
Picked up some JDST this morning to go with the JNUG which places my trading account in neutral. Stopped the bleeding from yesterday and will just sit tight and see which way things want to break.
But with the positive action in the PM stocks even with gold and Silver being mostly negative all day, I am taking that as a sign to which way the break out is going to go.
Boring to watch, so going to get some yard chores done. Check back later.
PMs’ Next Leg Up? When The Dow SnP Starts The Sell In May And Go Away Process
Them going down should kick in our after burners. We generally go opposite the general mkt.
Hey Farmboy
Hope you’re right and it’s just a matter of days.
Everything pm looks to me like the banksters have it all under control.
I’d be surprised if the shares aren’t lower by the end of the day.
Banksters Better Stand On The Brakes,
These PM Stocks are wanting to RUN !!
Just a matter of days, imho.
Better fire up that Cannonball Express Maya.
Buygold @ 9:4 How Long Do You Think A Wall St Suit Would Last
working in a Silver mine ?
Instead of Crimex or LMBA, how about half a dozen miners square off with half a dozen Wall st suits in a leech pit. Winner gets to set the PM price that day. I kinda like it ! 🙂
I wonder what The Angry Geologist has to say about this …
South32 buys stake in Canada’s Arizona Mining for $81 million
Australia’s South32 (ASX, LON, JSE:S32) is investing some of its $1.5 billion of cash in a minority stake in Canada-listed Arizona Mining (TSX:AZ), which plans to develop a zinc-lead-silver project in Arizona.
As part of the deal, worth Cdn$110.3 million (about $81million), the Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share. That represents about 15% of Arizona Mining’s outstanding shares.
The Canadian firm said it would use the proceeds to advance its Hermosa project, in particular to move to the feasibility and permitting stage the Taylor deposit, valued by RBC Capital Markets at Cdn$1.4 billion ($1bn).
cont. http://www.mining.com/south32-buys-stake-canadas-arizona-mining-81-million/