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Someone Just Dumped $4 Billion Of Gold Futures Ahead Of Comey Testimony
There we have it
Same old crap.
Stairs up, elevator down.
All gains erased. Never ends.
I guess they think this is OK
Samsung’s ‘peeping Tom’ smartphones can listen and watch what you do on the web while monitoring your emails to target you with ads
yes Richard
There’s something wrong with the wordpress coding I think. You used to be able to click on any chart and see it up close. Now you can only post images as a few different sizes. Sometimes I’ll post a large chart but I’m sure it gives smaller screens formatting problems.
Back to the stairs
USD a little stronger, especially against the Euro where of course the ECB didn’t raise rates. USD index is still the most ingenuous mechanism ever invented as worthless fiat is valued against even more worthless fiat.
At least the shares don’t appear to really want to crumble with the metals down a little.
Still, after the nice move up on Tuesday, we have no follow thru which is almost always the case with pm’s.
1 big step forward, 2 smaller steps back. We need a Bitcoin type move…
Is there any way to get charts to enlarge by clicking on our site?
Also is there a way to fix the problem of almost always having to log in? Each time I do, I check the remember me box–I have a new apple notebook–izzit something with my computer?
another thing=often when i click “publish” to post, the post just disappears and i get a blank page–anybody else have this problem?
Why are there so few white guys in the NBA?
A less than 15 second video explains it.
Is it any wonder why GOLD is going UP
when you hear about how Stupid S.KOREA is …..It just makes me want to own more !
Trump
is well aware of what S.KOREA just did ,his position as previously stated was to tell JAPAN to Re ARM because the US is going to take its troops out of S.Korea .
Why should US TROOPS be the BAIT to get the US sucked into a LAND WAR in Asia ..exactly what McArthur warned us against …Tell S.Korea we will remove our troops unless they stop the suspension .Trump as roundly criticized for stating what would happen..Yet its the only LOGICAL solution to keep the US from getting SUCKED into a LAND WAR in ASIA that will destroy and Bankrupt the US …Maybe thats the LIBERALS PLAN ! A Liberal in S.Korea is just as Stupid as the Local variety…
Heres another Liberal ENVIRONMENTAL argument ..same Stupid as the US Variety only NOW in S KOREA
This week, Mr. Moon accused the Defense Ministry of trying to dodge a required environmental assessment.
In South Korea, any military installation on a site larger than 330,000 square meters requires a full analysis of the potential environmental and social effects. The ministry divided the site, which is 700,000 square meters, into two parcels to expedite the installation.
Supporters of Mr. Moon said he was simply working to ensure that the Thaad battery complied with the law.
A Liberal Democrat to replace a crooked Feminist
AND the First thing he does is Suspend the Missile Defence SYSTEM we just GAVE them that cost us billions to develop ,so what we need to do NOW is remove the 35,000 US TROOPS from S.Korea who are NOW defenseless against missal attacks ! 2.Second thing tell JAPAN they will have to defend themselves,so prepare …
Is this what S.Korea really wants ..re ARMING JAPAN ? Trump was criticized for stating that idea was a possibility if the N.Korea didnt stop testing Nuclear…
So NOW S.KOREA makes it Necessary to do just that .WE need to tell S.Korea they need to RE THINK what they are doing or we will pull our troops out of HARMS WAY ! ! It looks like we will have to pull our troops out and finish the Korean WAR and do what McArthur wanted to do before Truman Fired him. Theres no substitute for Victory is there ? The Chinese will then have to deal with the Problem on their doorstep…and a re militarized JAPAN ! The Chinese need to re think that ! The Chinese need to tell S.Korea stop what your doing with suspending the missal defense system ..nothing happens in a vacuum .This will lead to re Arming of Japan ! and a Pullout of US Troops from S.Korea and the whole things gonna blow up in your FACE you stupid Liberal Democrat !
Seoul (CNN)South Korea’s presidential election has been won by Moon Jae-in, a liberal who favors a more open policy toward North Korea.
South Korea Suspends Deployment of U.S. Antimissile System
By MOTOKO RICHJUNE 7, 2017
TOKYO — South Korea’s newly elected president, Moon Jae-in, has suspended the deployment of an American missile defense system, an apparent concession to China and a significant break with the United States on policy toward North Korea.
In comments to reporters, a senior official from the presidential Blue House in Seoul said on Wednesday that the two launchers of the Terminal High Altitude Area Defense system that had been installed could remain but that four launchers that had yet to be deployed would not be set up until the administration completed an environmental assessment.
The missile defense system, known as Thaad, has been contentious in South Korea and has drawn sharp criticism from China, which views the system’s radar as a threat. Beijing has taken retaliatory economic measures against Seoul, including curtailing the flow of Chinese tourists and punishing South Korean companies in China.
https://www.nytimes.com/2017/06/07/world/a…efense-us.html?_r=0
Ororeef @ 21:08 re Gold Chart
That chart is not to scale, or the dates at the bottom have to be shifted 6 months to the left until the dead low is at late ’15 early ’16 and the higher low late ’16 early ’17. FYI below, info from Jack Chan from 6/6/17.
Tue 8:10pm EST
Greetings,
Gold stock ETFs broke out of the sideways action of the past three weeks on heavy volume, resulting in some new set ups.
GDX – buy at 23.80, stop at 22.47.
GDXJ – buy at 34.04, stop at 31.45.
XGD.to – buy at 13.68, stop at 12.86.
Stops are suggested for traders with a short term horizon. Investors use no stops.
I will allocate 10% to GDX with no stop at market open tomorrow, and upon the confirmation of an up cycle, will add more to positions. If my limit order is filled tomorrow, I will be 30% invested in the gold sector for the long term.
Portugeezer @ 12:42 on June 7, 2017 Bit Coin
kinda reminds me of my old Accountant..who used to say we will run in through the computer again until it comes out right!
You’d think this trouble between Saudia Arabia et al and Qatar would be goosing oil prices
but instead the market is hammering the oil sector on account of higher inventories …
I guess until bombs or shells fly all is well. The market thinks this won’t happen.
Maddog-Comex futures ended up about 12.50 yesterday–and JNUG was up 17%
Just now gold was down 11.20 and JNUG was down just 3.7%—any pullback is strong bid and stopped–in any other market but PMs I would say that is a bullish divergence–but ya never know with gold–that is why it is so difficult to jump on a bull move and ride it to the top.
Meanwhile the scum are showing how unhappy they are
with PM’s ystdy.
Portugeezer @ 12:42
You wrote:
“You put in some data, the computer does what computers do, and you get a result.
But the bank statement is useful; the bitcoin result is not and never will be.
Imagine waking up one morning having a safe full of tulip bulbs or a safe full of bank statements.
I am an ex-programmer.”
======================
Rich, with all due respect… as an ex-programmer you should investigate the structure of bitcoin before making statements like this. The bitcoin ‘as mined’ has digital value as a crypto solution. All bitcoins are used as a ‘ledger’ of transactions, and they are all encrypted into a ‘blockchain’ that all nodes process and re-Verify. The bitcoin blockchain IS… literally… an encrypted safe full of bank statements! The banking system itself is now looking at and adapting this digital technology for ‘in house’ banking and interbank settlements.
eeos
This next Model 3 is his big test, as so far he has found quite a few virtue signalling airheads to buy the S and X…but now he has to go into the real world, where people look at resale values, not just at what their neighbours think.
370 looks a good swing level for the stock…am gonna do more work on that …
I believe you Maddog
I think TSLA is hyped up too. Did you see he intends on making the model 3 on the same slot car track as the Models S and X, but at 10X the production speed? His workers on the factory floor are complaining about repetitive movement injuries. He said he’ll work on the floor at these disputed stations. I think he’ll observe, time the process and decide how to replace those positions with robots ASAP.
Caterpillar failed at this. The knew the union workers could be more productive, but they didn’t look to robotics fast enough. The just moved the world headquarters from its homebase of Peoria, IL to a Chicago suburb. I think they’ll find smarter people in Chicago that help them move into the new century of robotics and they’ll greatly downsize the production facility total building footprints. But I have no way of backing my hypothesis.