Jackie Kennedy has no equal…she was pure elegance and although Melania is beautiful, she simply cannot compare to Jackie…the quality just isn’t there.
Spot Gold Finishes The Week
1212.20
Samb
He makes a point about the psychology of gold and like he said making it seem unimportant.So apparently they are worried about that just like they are Bitcoin. Even Armstrkng does it and shows his frustration to long holders. He insinuated Bitcoin wouldn’t last because Gov would take it down and now look at it. They can’t control Bitcoin. They found away to manipulate gold with DONT worry everything’s fine when it’s not. As far as Keys that is is charting. To each their own.
Alex good luck!!!
Hopefully you Mr. Valdor are smarter than the rest of us. 🙂
There’s no doubt you are smarter than me. 🙂
Good luck to all tenters that stepped up to the plate today. Tough to do considering the circumstances, but best to all.
Ororeef – If Trump Was A Liberal Democrat
The media would treat Melania like the second coming of Jackie Kennedy.
Goldi
Then play it that way and give a near term forecast. I just did and have no need for BS Guru nonsense. But, if you have found the key, then please give it out. Reasons are usually given out after the fact. I gave my reasons before the fact. FACT.
FWIW – I was a buyer of JNUG today
I put in a limit order a couple of weeks ago and hit my price today .
At end of day , I had lost about the same amount as the trade commission . Keeping my fingers crossed that within a week I will be in the green again .
Foolish hope springs eternal , as they say …
Samb
https://www.moneymetals.com/news/2017/07/06/frustrated-gold-silver-investors-001108
There’s no coincidence that the gold price peaked at the same time the EPU – Economic Policy Uncertainty index decoupled from the VIX, shown at the end of 2011. The market has been deluded to believe that GOLD DOESN’T MATTER anymore. This is shown in VIX index, as it continues to trend lower to the same level in 2007… before all hell broke lose in the markets:
Intuitively, when VIX is in tune with EPU, the market is acknowledging the levels of risk through the prices. However, when VIX is low and EPU high, markets are complacent – they are underpricing risk.
After 2011, the two measures of risk decouple with VIX consistently low despite growing uncertainty. The breakdown is structural, and it is visible across all market sectors, not only equities.
FYI–Gold COTs quite bullish but had no effect today
The Commitment of Traders Report
Silver
*The large specs reduced their long positions by 1,873 contracts and increased their shorts by 7,384 contracts.
*The commercials increased their longs by 1,841 contracts and reduced their short positions by 9,139 contracts.
*The small specs increased their longs by 403 contracts and increased their shorts by 2,126 contracts.
Gold
*The large specs decreased their long positions by 14,905 contracts and increased their shorts by 22,968.
*The commercials increased their long positions by 13,693 contracts and decreased their shorts by 28,944 contracts.
*The small specs reduced their longs by 41 contracts and increased their shorts by 4,723 contracts.
That report was as of Monday, which means the flash crash on those days is included. Well, clearly the ruthless price suppression tactics by The Gold Cartel forces these past weeks has the specs getting out of longs and getting more short. Which at least supports the notion that what we are witnessing here is an End Game strategy by the cabal forces.
Call it what it is
And put your emotions aside. It is an Int. low (coming) and may be the YCL. Nothing more and nothing less. Go back several months when the feeling was the Int. low was in. I stated that on the contrary, $gold 1200 with a chance of a slice thru to $1180 was probable. We were to embark upon a great 3 week counter trend rise to $1295. People were mesmerized by the prospect of North $1300 Gold. The real bullish number is way higher @ north $1375. Go back 2 months ago where I responded to Mr. Copper saying my Hopium was low. Today my Hopium is much higher. We are simply in a Summer doldrum ICL. People long were faked out by the early May low which, was only a DCL and NOT an ICL. Now we have a true ICL which, means that you are finaly buying into a potential bottom even if not the ultimate bottom. I’m in no hurry and have been in Jdst for this entire round trip. Relaxed.
COT Report
Can’t even imagine how bullish it will look next week. Pretty bullish this week for the unreliable indicator….
Portugeezer, Maddog
Portugeezer – “They could be triggers that pre-arm the algorithms and provide a target.”
Excellent point. I remember back in 02′ when I started this nightmare, there were some folks that referred to those type of AH moves as “smoke signals”. I think it’s a fair bet that the smoke signal in silver last night is a target that will be met.
Maddog – I think they’ve proven they can keep the rig going a lot longer than we can stay solvent. They are just bleeding us now, it’s been a long, slow death. What’s as bad as anything is the psychological beatings that we’ve endured for over a decade – always afraid to sell because we might miss the big move, then not selling because “this is it”!!!
I must be stupid, stupid, stupid…
Buygold,Equisiteum
Equi…good article…I saw it on Zerohedge and thought it one of the most important in a long time.
The conclusion is not that great for us goldbugs because if I read that correctly he’s saying they can keep it going forever
Not really because at some point prices are going to be so far out of line that no-one will play……and/or the next crisis will take out the Fed..
No matter what/which more and more are realising what is going on, so the game is coming to a conclusion….but when and can we stay solvent long enough .
Happy Hour
Silver Hoarders Unite !!
Have a good weekend Friends
Onward Pilgrims
Winedoc
Have you Seen The News Pictures from Europe ?
The press shows demonstrators getting Water Hosed ….but but they are ignoring the REAL most STUNNING Pictures of Melania and Ivanka
Absolutely TWO of the most beautiful WOMEN in Europe TODAY and the PRESS says NOTHING ! absolutely NOTHING !
What a Bunch of DOLTS ….! Melania in a White DRESS with fringe that moves with her every motion and Ivanka in a Red dress that makes her look on FIRE !
and the PRESS says absolutely NOTHING ! The Europeans have seen nothing like this “Americas Royal Family” EVER … The Handsome young Barron !
What,s a Press FOR ? They are making absolute FOOLS of the PRESS ! The people can not miss the Contrasts ..If they were Democrat Liberals they would be stumbling all over themselves …As Democrats like to say Pay Attention to the” OPTICS ” …its unmistakable !
Americas FAMILY is stealing the show while the press points the cameras at water cannon for the US consumption…..what a FARCE !
Here are some PICS from POLAND ….. http://www.dailymail.co.uk/femail/article-4670816/Melania-Trump-meets-Agata-Kornhauser-Duda-Poland.html
Equisetum
Interesting article and makes sense on a few different levels.
- Would explain why the SM never falls for more than a day at a time
- Why pm’s no longer correlate with the USD
- So control the VIX, control all markets.
That’s as good an explanation as I’ve heard.
The conclusion is not that great for us goldbugs because if I read that correctly he’s saying they can keep it going forever.
Farmboy @9:11, Buygold @ 10:32, deer79 @ 11:37, and others
Like many others who post on this forum, our assets, which have been mainly PM-based have since 2012 been dismal performers. I do not pretend to understand the details of the trading mechanics and market manipulation tactics described in the link below, but at least for the first time now I am finally getting some understanding of what our PM-based investments have faced since 2011 and 2012. That realization of what we have been up against for the past 5 or 6 years does not reduce my pain and annoyance.
In the link below, if you read the first article by Aleksandar Kocic, titled ‘How the FED really killed gold in 2012’ and then the accompanying comments in the same link from SRSrocco (Presumably by St. Angelo), and then the following viewpoints from several others under the comments section, then there does seem to me to be some glimmer of hope – namely, that amongst the alternative places where one could invest their life savings, the writers of the linked material do still speak positively about the future value of any holdings of physical gold and silver.
I find little to encourage the hope that the manipulation since 2012 is going to end, but I am encouraged by the idea that it remains a good idea to hang onto any physical gold and silver one is fortunate enough to now own. Cheers. all. Equiz
https://www.marketslant.com/article/how-fed-really-killed-gold-2012-vince-lanci
Wage Weakness Amid Solid Hiring Adds to U.S. Economic Puzzle
They left one big word out of the headline…”TAXPAYER” wages. We have cops in our village making $178k plus generous benefits. Unionized road construction workers also sucking on taxes. All medical workers absorbing taxes.
There is no puzzle in my mind as to what is and has been going on. Mandatory minimum taxpayer wage scale has fallen below CPI for decades, but the businessman media won’t admit it. Private sector companies, that do NOT benefit in anyway from the tax base, have to be FORCED to pay adequate salaries, capable of paying taxes to tax absorbers.
All tax absorber businesses and gov’t jobs need to be “out sourced” to China and Mexico sarcasm. They really need to be FORCED to take wage cuts just lake the millions of tax payer manufacturing people did since 1980. Many took 40% pay cuts going into new occupations. Give backs etc.
story:
FYI Link, Quick Charts All Metals
Boy it just never ends with weird erratic irrational PMs action. Something big is bound to happen, with global trade in question.
I get all warm & fuzzy
Inside knowing that predatory algorithms can seemingly wipe out any rational, prudent reason for owning insurance ( PM’s) against chaos, in seconds.
Exactly – why do these moves never happen to the upside?
Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute
Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute
– Silver prices ‘flash crash’ before rebound
– Silver hammered 7% lower in less than minute in Asian trading
– Silver fell from $16 to $14.82, before recovering to $15.89
– Silver plunge blamed on another ‘trading error’
– Gold similar ‘flash crash’ last week and similar recovery
– Hallmarks of market manipulation as $450 million worth of silver futures sold in minute
– Trading ‘errors’ always push gold and silver lower. Why never higher?
– ‘Flash crashes’ increasingly frequent in precious metals, yet rarely happen in stocks and bonds
– Rapid recovery from frequent raids bodes well for precious metals
– Silver coins and bars accumulated on dips by ‘stackers’
It is Friday
Good morning All gathered here.
Further to Buygold’s comment: I do not know why I bought into the PM (Bullshit)world. I would suggest, that these words are shared by many and would indicate the frustration and bottom is here, which the masters need…..smile. They cannot have the sheep racing to real tangible money…or they are finished.
A shared insight of mine, the FED bought trillions of dominated debt papers from the market ( in the last decades) and frankly no one questions where did the FED create the “wealth” to buy these instruments of illusion but by illusion. hence….as long as I live i will hold and buy gold and silver….in very simple words and terms….
Folks, we have lost many battles recently….but the real war is so very near….you must never forget reality ….. bitcion and their wizardry will never replace reality….I believe….smile. have a great weekend.
Another reality …there is not an wealth instrument that man makes that cannot be controlled and corrupted. Bit coin….think????….i would suggest it is just another created illusion of control. I loved the original analogy…stories that super computers could mine or create more new units…FUBAR….
and the spinning wheels spins faster….until it does not…
When you all have time watch this
Confessions of a banker. There are three parts. This is part two. Part one he talks about how evil they are and laugh at destroying people.. As we’re seeing in Europe. Until sacrifices of children were brought up he got out.. Yeah sounds crazy but listen to him in this one go into detail on how the system is ripping off the people. He’s Dutch so be prepared to read.
Real Big Power: Revelations by insider Ronald Bernard-part 2