Posted by ipso facto
@ 15:56 on May 5, 2017
Lots of opportunities for “accidents” with this development. I don’t want to see Russians and Americans shooting at each other.
Nobody wanted to talk to the US?
Posted by Buygold
@ 15:56 on May 5, 2017
The scum was covering everything the dumbarse funds were dumping. Pure comedy, it happens every single time.
Bet it’s even better next week. 🙂
So hard to believe the Farmboy hit it out of the park yet again. 🙂
COT Report
http://www.cftc.gov/dea/futures/deacmxlf.htm
Posted by Buygold
@ 15:48 on May 5, 2017
Ipso – wow another good catch on the Syrian airspace. Now, why aren’t we vehemently opposed and contesting that decision? Food for thought, maybe Trump really is working with Putin behind the scenes?
Farmboy – tend to agree with your assessment, JNUG might be OK. A lot of crap going on and it’s hard to believe we just blow off the Puerto Rican default as if it’s nothing. Maybe the fallout comes next week? Then there’s the French elections, who the hell ever knows what the French will do? Macron is clearly the NWO Luciferian candidate, scary Obama clown. Will be interesting.
USD closing at the lows of the day. Someone tell me why.
Something below the surface???
Posted by Ororeef
@ 15:18 on May 5, 2017
democrats said “you gotta pass it to find out whats in it”
trump sez “you gotta pass it to find out how much it costs”
Posted by ipso facto
@ 14:54 on May 5, 2017
US and British military planes could be banned from flying over ‘safe zones’ in Syria from tomorrow under Russian plan
Russia penned deal signed by Turkey and Iran for four ‘safe zones’ in Syria
Kremlin spokesman said that all warplanes will be barred from flying over them, but ‘especially the forces of the international coalition’
Russia has already stopped bombing zones under pact which will come into force from tomorrow, spokesman added
Nations have not yet outlined who will be in charge of enforcing the zones
Aim is to allow refugees to return to their home country and for aid to be sent in
cont. http://www.dailymail.co.uk/news/article-4476720/Syria-safe-zones-closed-coalition-planes.html
Posted by ipso facto
@ 13:38 on May 5, 2017
I hope you do good with NAK Farmboy. The truth will be in the tape … 🙂
Posted by macroman3
@ 13:33 on May 5, 2017
Might just as well posted the rally monkey…
Posted by Farmboy
@ 13:26 on May 5, 2017
Pretty much seen what I needed to see today. The Crimex boys stepping in for a last minute tap on the head to Gold and Silver. Bless their little stone cold hearts. The PM stocks are impressive today, up with Gold and Silver da nada. A very good sign as I take it.
Going to try and make it back for the close. Richard640, I am leaning to adding some JNUG before the weekend. Puerto Rico, some kind of ‘Flash Crash’ in oil last night, France, ….gut telling me to go long for Monday.
I think the tides of fortune are about to turn in our favor….??
Catch ya later.
Posted by Farmboy
@ 13:19 on May 5, 2017
I know you don’t think much of the company, and I listen to your thoughts. But I had to buy some several months back as I felt it was beaten down so badly. Time will tell, but today’s action was a bit promising.
Appreciate your looking into it today, Farmboy
Posted by Buygold
@ 13:04 on May 5, 2017
Farmboy – a good flat position with your JDST hedges is working like you wanted, the added bonus is your upside on the recent buys of the individual names. Nice work.
R640 – you could have hit that speculation on the outcome of the French elections spot on. Like you said, going in pm’s are oversold so a Macron win might not hurt gold all that much and may in fact serve to rally the Euro vs. the USD. A LePen win might shake things up temporarily overnight but would likely cause the USD to rally.
So, as you say gold may be OK to hold regardless of the outcome.
Good catch.
Posted by ipso facto
@ 13:01 on May 5, 2017
Northern Dynasty: Pebble Partnership, EPA file Joint Motion to extend Stay of Proceedings
VANCOUVER , May 4, 2017 /CNW/ – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) (“Northern Dynasty” or the “Company”) announces that its wholly-owned US subsidiary, Alaska-based Pebble Limited Partnership (“Pebble Partnership” or “PLP”), and the US Environmental Protection Agency (“EPA”) have filed a Joint Motion in federal court to extend a stay of proceedings in the parties’ longstanding legal dispute over the federal agency’s pre-emptive regulatory action under Section 404(c) of the Clean Water Act to May 11, 2017.
The motion states: “The parties have identified a likely framework for settlement and request a short, one-week extension of the current stay to allow the parties the time necessary to finalize the agreement and obtain the required approvals.”
Pebble Partnership CEO Tom Collier : “A great deal of common ground has been established between the parties, including on the importance of upholding the rule of law when it comes to administering statutorily mandated processes under the Clean Water Act, the National Environmental Policy Act and other federal statutes. On that basis, we anticipate achieving a resolution to these matters next week.”
https://finance.yahoo.com/news/northern-dynasty-pebble-partnership-epa-223400255.html
Posted by Ororeef
@ 12:49 on May 5, 2017
Posted by Ororeef
@ 12:36 on May 5, 2017
Back in 2013, markets tumbled (if briefly) on the news that Detroit would file for bankruptcy, at the time the biggest municipal bankruptcy in US history with over $18 billion in liabilities. Yesterday, algos barely even bothered to look up when Puerto Rico’s governor announced that the US Commonwealth would submit Title III (aka bankruptcy) protection, despite a debt load of more than $70 billion, or nearly four times greater than Detroit’s.
So does that mean that there are no losers or casualties (metaphorically speaking for now) from the bankruptcy filing? The answer is that in addition to the citizens of Puerto Rico of course, more than half of whom live in poverty and who are about to be crushed by even more austere financial conditions (that said, nobody ever complained when Puerto Rico was raking in the billions in debt), the biggest losers are a handful of hedge and mutual funds, all of whom were attracted by the island’s high yields forgetting that yields were high in the first place for a reason.
Time to buy old US gold coins
Here’s a list, courtesy of the WSJ:
- At the top of the pile are plain vanilla mutual funds, which held about $14 billion of Puerto Rico’s outstanding bonds as of March, according to Morningstar Inc. Two fund families, OppenheimerFunds and Franklin Templeton Investments, held most of the debt. About 7% of Franklin’s debt was insured as of mid-March, the WSJ calculates, which also means that 93% was not and will suffer impairments.
- General Obligation bondholders include: Aurelius Capital Management, Autonomy Capital and Monarch Alternative Capital LP,
- Sales tax revenue-backed (Cofinas) bondholders: Scoggin Capital Management, GoldenTree Asset Management, Merced Capital, Tilden Park and Whitebox Advisors have held Cofinas.
- Bonds insurers: roughly $12 billion of the island’s $70 billion in outstanding debt is insured. It will be up to the bond insurers to fill the gap when interest and maturity payments are missed. Insurers backed a wide swath of bonds from Puerto Rico, complicating the island’s ability to prioritize payments. Among the companies with the biggest exposure to Puerto Rico debt include Ambac Financial Group, National Public Finance Guarantee Corporation, Assured Guaranty Ltd. and Financial Guaranty Insurance Company
Posted by Richard640
@ 12:26 on May 5, 2017
We’ve had 2 pops like this in the last 2 weeks–with G&S either down or up slightly–and these pops amounted to zilch…and were predictive of zilch….The FILTH are really determined to hold G&S down…Gold needs to confirm with at least a 10 or 15 buck rise on the day.
Posted by Ororeef
@ 12:18 on May 5, 2017
He is an Antifa ..a pro leftist,pro violence communist organization ..a liar by profession ,who claims to have changed his religeon at age 12,marries a much older woman,hides his money in the Caymans ..nothing he sez is truthful its all meant to DECEIVEÂ ..He’s just another member of Masters of DECEIT!
Is that what France wants? or needs ?
Posted by macroman3
@ 12:05 on May 5, 2017
Well 3 hours away from the Algarve.
Incidentally, they weren’t spraying enough chemtrails because the burn I got on my forearms, neck and ears worst ever. 24C, partial clouds, covered golf cart, hat and sunglasses, I think there is an ozone hole opening up over the Okanagan.
SnG, get them to spray some protectorant over this way wouldya.
Posted by Richard640
@ 12:03 on May 5, 2017
I see buying JNUG before the weekend similar to buying a lotto ticket—in case Le Pen wins—if she does, then, like Trump, gold could jump $50 Sunday night and be gone by Monday morning…on the other hand, G&S have been down, what? 14 days in a row? And some RSI’s are 10 and 20—so a  Le Pen  win could be a catalyst for what would have happened soon…and gold could start a week or two bounce within a bear market.  And if Le Pen loses?? I think G&S are pretty sold out–gold could dip $10 but would probably be quickly bought.
******************************************************************************
. Â The reality is that ‘economic collapse’ is happening every day, simply that only some of us notice it. Â
Forex simply gauges the tides as they ebb and flow, EUR/USD rate changes, but not really that much. Â Brexit gave us a 9% move which is huge for FX but not really statistically significant in the grand scheme of things.
Take a look at EUR/GBP for last 10 years:
=
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Posted by treefrog
@ 12:02 on May 5, 2017
mexico sends 6000 illegal aliens back to france! (1862)
Posted by Ororeef
@ 12:01 on May 5, 2017
French Presidential candidate Emmanuel Macron was accused recently of tax evasion.
Macron denied the allegations.
Now, new documents prove he lied about – almost – everything.
Two days ago, an Anon on /pol/ (the 4Chan thread notorious for unmasking Antifa, among other things) uploaded proof of Macron’s tax evasion.
Document 1.
This shows the Macron La Provicence LLC operating agreement
Operating Agreement La Providence – Macron by Jim Hoft on Scribd
Document 2.
This document shows that the banking associate Brian Hydes is located in the Cayman Islands.
This guy is an ANTIFA FAR left PRO VIOLANCE !  Heaven help France !
What is Antifa? Controversial far-left group defends use of violence
William Steakin, AOL.com
May 4th 2017 4:00AM
During a May Day march this week in Portland, Oregon, violence erupted resulting in 25 arrests after Antifa protesters allegedly attacked police officers, emergency workers and destroyed property resulting in the city pulling the parade permit.
Similar chaos broke out during May Day protests in New York City on Monday when supporters of President Donald Trump and Antifas clashed at Union Square. Once things turned violent police reportedly organized a wall surrounding the pro-Trump group in an effort to separate them from other protesters.
SEE ALSO: Paris police officers set on fire by Molotov cocktail during May Day protest
In Paris on May Day Antifa members attacked police with improvised bombs, engulfing multiple officers in flames, according to reports. And as tensions mount between pro-Trump and Antifa groups in the states, some are wondering how long until the level of violence seen on the streets of Paris on Monday makes its way to the U.S.
But the use of violence isn’t new for the group known as Antifa, or anti-fascists. The far-left organization made headlines back in January during President Trump’s inauguration when an alleged Antifa devotĂ©e punched white nationalist Richard Spencer while he was being interviewed on camera. Video of the assault was quickly memed into oblivion.
Posted by Farmboy
@ 11:50 on May 5, 2017
Wonder how he would describe the transgender of today. ? 🙂
Posted by Ororeef
@ 11:45 on May 5, 2017
In 1966, Ronald Reagan would beat Berkeley like a drum in his run for governor, calling the campus, “a haven for communist sympathizers, protesters and sex deviants.”
Reagan relished entertaining his populist following by mocking San Francisco Democrats. “A hippie,” said the Gipper, “looks like Tarzan, walks like Jane and smells like Cheetah.”
Posted by Farmboy
@ 11:42 on May 5, 2017
since it is usually the first to move hard. See what the day brings, and will try to pick a good trade at today’s close to set up Monday.
Best I can tell, there is no longer correlation in anything, its just a guessing game these days.
Posted by Farmboy
@ 11:38 on May 5, 2017
My postions in JDST/JUNG are pretty much canceling each other out today. They are in what I call the CYA postion. (Insurance policy)
Letting the miners do the heavy lifting in the trading account today. But if Gold or Silver was to break hard either way, I will try to catch the move.
Phew, this is too much work, and cutting into my Friday fishing time. Thinking about robbing banks, got to be quicker and easier. 🙂
Posted by Farmboy
@ 11:23 on May 5, 2017
MUX however is on the ‘Sell’ table. Guessing that accounts for the slam on Mux. Mux was the last of my ponies to turn green this morning. I think it is on sale.
Posted by Buygold
@ 10:53 on May 5, 2017
Was NAK on that GDXJ acquisition list? I can’t remember. I should have favorite that article with the tables.
Loved your buy of MUX, course I’m partial, but they’ve unduly beat the crap out of that stock.
Good for you taking off that 2/3 rd JDST position yesterday. Smart, timely move.
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