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yes….yes…I know…this rally UP TO NOW has been ragged and divergent–with stocks and ETFs outperforming gold futures–with each day gold being sold off the high yet clinging to a few dollars of gain–with silver under performing….this is why so few traders catch a bottom in gold…the charts always look scary with broken support and projections of 700 or 800 gold….and those that do, usually jump ship in the first 3 to 5 days as the rally looks like it wants to fall apart.
I am NOT saying this is anything more than a weak oversold bounce….but I would not be surprised to see this rally start an acceleration phase and go much further than I would think–with more than a $9 gain so far as I write, today may be the kick off….all gold rallies begin in “hopeless & friendless-ville”.
JNUG has gone from about 14.20 to over $19 this morning in pre-market trading–a 30% move…figuring in the 4 to one reverse split, JNUG could hit $80-$100 if it equalled the $34 high of the last 12 months.
The Gov would be wealthy. I don’t know about the people. Maybe if they had enough to sell themselves like some of the vendors and they could get across the border. Actually if they want to bring something over instead of drugs at a discount now like they do there that would be the way to go lol Im guessing mining companies would have to increase security.
imagine the immigration situation on the u.s./mexican border if silver goes bonanza, say $200+/oz. at those prices, mexico would become a very wealthy country. down on their luck gringos would be trying to sneak in.
GDX for example traded 31 million shares today against a 22 DMA of 61 Million. Ditto for many of the PM miners, half, or at best 2/3 volume today. One of the things holding all PM related back is the lack of interest also read lack of volume. Until then, the rocket is sitting there burning fuel, waiting for lift off.
Agree with Mr. Copper, lot of folks chasing the regular markets as they continue to rise. Also placing part of the blame on the ETF’s that are sucking air away from the PM stocks.
Still, we ended in the Green today. Beats the alternative. 🙂 But you are right, with the dollar down it should have been MUCH better.
Agreed we should be doing much better. I suspect because the General Mkt is doing well, its sucking up some play money. Whenever you have a bull mkt somewhere, nobody cares about anything else. During that big boom thru march ’00, my son bought real cheap a 1969 SS 396 Chevelle with 32,000 original miles on it. Nobody wanted collectibles AU AG or anything but dot com stocks. Nas was up to 5000 in march ’00.
First it was Cuba every day. Then it was Iran every day. Then Iraq. Then Russia after they took back Ukraine. Then Syria and Assad. Now it’s North Korea’s turn whose balls they are breaking.
Did I miss any?? It just never stops. They always need some country to pick on like bullies. If the USA ever went Brexit independent? They would call Trump a leftist, and pick on us too.
Silver ticker AG +30% and +228% same time frames. GDX is simply moving like ABX a big cap blue chip. Like watching ice melt. Conservative positions always move slow.
“Though Nixon won 49 states, that establishment took him down. Though Ronald Reagan won 49 states, that establishment almost took him down in the Iran-Contra affair. And that is the end they have in mind for President Trump.“
For the past several months, Democrats have based their “Resist 45” movement on unsubstantiated assertions that the Trump campaign coordinated with Russian intelligence officials to undermine the 2016 Presidential Election thereby ‘stealing’ the White House from Hillary Clinton. Day after day we’ve all suffered through one anonymously sourced, “shock” story after another from the New York Times and/or The Washington Post with new allegations of the ‘wrongdoing’.
But, new evidence surfacing in the Seth Rich murder investigation may just quash the “Russian hacking” conspiracy theory. According to a new report from Fox News, it was former DNC staffer Seth Rich who supplied 44,000 DNC emails to WikiLeaks and not some random Russian cyber terrorist, as we’ve all been led to believe.
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