Posted by ipso facto
@ 9:29 on September 22, 2017
Posted by Buygold
@ 9:24 on September 22, 2017
For the third time in as many weeks Israel has reportedly bombed positions inside Syria. Syrian state media along with multiple regional outlets showed fires burning at a facility near the Damascus international airport in the early hours of Friday.
Posted by Richard640
@ 9:10 on September 22, 2017
All it will take is an extended 10-20% draw-down in the stock market to trigger a massive run on custodial assets – pensions, banks and brokerages. This includes the IRA’s. I would suggest that one of the primary motivations behind the Fed/PPT’s no-longer-invisible hand propping up the stock and fixed income markets is the knowledge of the pandemonium that will ensue if the stock market were allowed to embark on a true price discovery mission.
Like every other attempt throughout history to control the laws of economics and perpetuate Ponzi schemes, the current attempt by Central Banks globally will end with a spectacular collapse. I would suggest that this is one of the driving forces underlying the repeated failure by the western Central Banks to drive the price of gold lower since mid-December 2015. I would also suggest that it would be a good idea to keep as little of your wealth as possible tied up in banks and other financial “custodians.” The financial system is one giant “Roach Motel” – you check your money in but eventually you’ll never get it out.
Posted by Buygold
@ 8:59 on September 22, 2017
I’ll sit here for a little while and watch them beat us back another day.
FTSE is probably foretelling what will happen here in the US markets, start slightly down and finish up on the day.
As long as they pound the VIX and the pm’s all is well in the western world.
Posted by Maddog
@ 8:48 on September 22, 2017
What’s frustrating is that the USD is almost back to where it was before the Fed meeting and gold is still under $1300.
Indeed and Rocket mans latest threat, to make a huge swathe of the Pacific into a irradiated no-gozone for 1000 yrs and counting…is worth all of 3 dollars in Au and dropping fast, as the scum sell the latest No’s, no matter what they are.
I see the FTSE is up…dunno if that means we are so insignificant that Rocket Man can’t be bothered to destroy us, or is our scum v active in front of the PM’s upcoming surrender speech in Florence….
Gonna be out and about for the rest of the day..looking for the things to kick.
Cheers.
Posted by eeos
@ 8:19 on September 22, 2017
I think he’s gonna get pounded by a bunch of big guys. He thought it was a gun fight, but they brought nukes
Posted by commish
@ 8:15 on September 22, 2017
Posted by Buygold
@ 7:48 on September 22, 2017
I guess sane fashion in the Rocket Man/Dotard show is to sell stocks and buy Yen? As you say though, Janet and the PPT are there to keep things from getting out of hand.
Nonetheless, I still think the NoKo show is just Kabuki theatre. USD under pressure – once again, every bounce lasts a day or two. What’s frustrating is that the USD is almost back to where it was before the Fed meeting and gold is still under $1300.
Manipulated for all to see….
Posted by Maddog
@ 3:53 on September 22, 2017
and mkts are well within normal oscillations…Janet the Panic has obviously been woken up, changed her industrial strength Depends and ordered the scum to work.
Posted by Maddog
@ 1:42 on September 22, 2017
Perhaps some of the people that are likely to get fried by Rocket Man, have reacted in a sane fashion, in comparison to the ubber complacent SM mega bulls in the West, who brazenly give a damn.
Or the scum were asleep for once, having been out all night celebrating their near $ 70 Au smash and $1.4 Ag one.
Lets see how long it takes Janet the Panic, to ram the SM higher….etc.
Posted by Buygold
@ 21:29 on September 21, 2017
After an initial slide on Kim’s “deranged dotard” reaction to President Trump, both USDJPY and US equity futures are falling further after Yonhap reports, North Korea’s Foreign Minister Ri Yong Ho says the “highest level of hard-line” countermeasure could refer to hydrogen-bomb detonation in the Pacific.
Posted by Buygold
@ 20:37 on September 21, 2017
Shockingly they didn’t smash the VIX into the close, but tomorrow being Friday I suspect they’ll smash it tomorrow along with our pm’s. Can’t have a down SM and up pm’s going into the weekend you know… 🙂
There’s been lots of predictions for Sept. 23rd – end of the world sort of stuff – or at least some serious Armageddon type issues.
I might have to change from a couple months to a couple days until it passes.
Just a couple more days…. 🙂
Posted by Maddog
@ 15:49 on September 21, 2017
Agree re CoT’s
They are happy to flaunt there power in the CoT’s, same way they smash crimex in yr face..they could use the LBMA, but that is not as transparent, they just park all their fwd shorts there….well that’s my guess.
Waiting for the Vix smash now, due any minute .
Posted by Buygold
@ 15:29 on September 21, 2017
USD weakness mattered to the price of pm’s
course I guess that was back well before the days of blatant COT rigging.
Pretty tough to question the validity of the COT’s because when commercials go tits short – we usually go down.
Posted by Buygold
@ 15:24 on September 21, 2017
Wondering if I should write a book called “The World According to Buygold”
Agree with all about MUX, but even more about McEwen. I think we have to trust that he has a plan. If we do get down to $1.50 I’ll be adding as well.
Frustrating to see the shares get hammered day after day, but honestly unless you’re down as much as I am, these shares have to be traded – all of them.
Posted by ipso facto
@ 13:18 on September 21, 2017
Confidence in McEwen is the reason I’m continuing to hold as well. If it was just Joe Blow running it I’d probably be gone.
Cheers
Posted by Farmboy
@ 13:01 on September 21, 2017
It is about the only mining company that I can say I have full trust in it’s management. I just doubled the number of shares I own in mux at a price of $2.02. And will do the same again if they want to knock it down to $1.50. Kinda hoping they d0!
Ps) Another reason why Mac may be making a very smart move is, if I understand it correctly, he is actually buying a producing mine. Something tells me actually having a producing mine is worth two in the speculative bush. 🙂 According to Buygold, in just a few months the race for the ounce is going to start up in a big way.
Posted by Mr.Copper
@ 11:51 on September 21, 2017
I guess the old $1300 resistance will now be support?
http://schrts.co/bdPnUo
Posted by treefrog
@ 11:51 on September 21, 2017
$lip-$slidin’ away to the downside.
re: hold mux, agreed, i even picked up a little more @ 2.05 buy low, sell high? 2.05 for mux is low!
Posted by Equisetum
@ 11:47 on September 21, 2017
Not that I have any insights into the pros and cons of the latest announced plans by MUX. It is just that I was convinced some time ago that MUX, First Majestic, and First Mining Finance all deserved to be in our buy and hold basket. My rationale was and is fairly straight forward; it is my feeling that someone who was in charge of previous developmental action in entities like Goldcorp, First Quantum, and First Majestic must have some corporate savvy still available for application in today’s setting in the PM sector. I have no anxiety in keeping a substantial portfolio of our PM-related portfolio under the guidance of McEwen and Neumeyer. Cheers. Equiz
Posted by Mr.Copper
@ 11:40 on September 21, 2017
I’m very happy to hear his home was not destroyed. I was concerned about him. He certainly did not need that on top of the other issues.
Posted by ipso facto
@ 11:09 on September 21, 2017
Nice throw! Never trust a guy who can’t throw a decent spiral! 🙂
Posted by treefrog
@ 11:05 on September 21, 2017
Posted by ipso facto
@ 10:28 on September 21, 2017
I hope you’re right Farmboy. If gold is substantially higher in the near future then Rob is going to look like a genius. I think he knows his shi* … maybe he can bring down the costs at Black Fox.
Still holding MUX.
Posted by ipso facto
@ 10:25 on September 21, 2017
Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, is temporarily postponing its decision to halt operations and investment in the country as it begins talks with the government.
“We are very pleased with the constructive dialogue that is underway with the Ministry of Energy and Environment,” chief executive George Burns said in the statement. “[However] we preserve the right to place our assets on care and maintenance and to take prompt legal action to protect the company and its assets in Greece should [the talks] prove unsuccessful.”
more http://www.mining.com/eldorado-defers-decision-halt-operations-greece-talks-govt-begin/