Loading ...I don’t think they are so scared but going with the trend. The trend is SM making new highs over and over. Since people are drawn to even numbers per say I heard them this morning looking for Dow to host 25.. next. Gold is quietly moving up. Many stocks showing RHS patterns but will they hold. Hard to trust stocks that dilute or sell shares to pay their bills. No confidence in that. People don’t invest and say here lose my money. You can’t even hedge by shorting because it’s moving up but collectively PM shares aren’t reflecting that just yet.
Still people have memories of how bull markets didn’t end well. Even SM investors are position trading stocks. I wonder if that’s one of the reasons they’re calling it the most hated bull market in history. People sell their target price and it keeps going up lol
Crypto getting hit on Korea threading to shut them down. Wonder if there is a present inverse relationship with PMs right now. Might want to invest in energy companies serving the Bitcoin miners lol
As far as the dollar and Sinclair it really only effects the US. If other currency’s go up as a result it would drive their PM price down. To create a real bull market it needs to be global.
Farmboy
looks like another stunning auction went off in Bonds
No doubt the overseas buyers in that PO Box in Brussels, melted the phone lines bidding !!!!!!
R640
yeah oil looks great, no doubt on the back of the weaker USD or maybe it’s the yuan/oil exchange that is supposed to happen on the 18th – who knows?
The PPI was actually lower than expected – inflation dropped.
I seriously doubt had the PPI indicated higher inflation it would have helped anyway – rates would have risen, USD strengthened, and pm’s kicked in the scruds.
I think Farmboy has the right idea – they are terrified (I guess) of pm’s rising nothing else I can think of explains it.
But lo and behold, look at that DOW up another 150
So Beyond Absurd It’s Laughable, LMAO!
When one considers trillions are traded daily in the currency markets. Hundreds of billions daily in the stock markets. It truly is down right hilarious to think of the time, energy, and money spent suppressing the micro market of the PM’s. Begs the question of just what in the hell are ‘they’ so scared of? What motive or desire, or need is there, to constantly man the bop lever 24/7? Makes an old goat like me who has little knowledge of most anything wonder WHY? I figure there must be some really important reason to go to such lengths just to discourage us. My automatic reflex in such a case is to clinch my fist tighter around the ounce, and keep buying.
I wait for the day when the reasons for their fear and extraordinary efforts is revealed.
<spit>
Buygold-yeah, that’s right-I’m keeping an eye on crude–up a buck today-also some inflation report out
today, higher than expected-I dunno if it was CPI or PPI–but one would think that inflation talk might help G&S…but maybe that’s why they are being sat on with such determination.
They just won’t let other people be
Germany’s top court overturns acquittal of “Sharia Police”
BERLIN (Reuters) – Germany’s federal supreme court on Thursday overturned the 2016 acquittal of seven Muslim men who formed a Sharia street patrol in the western German city of Wuppertal, according to its website.
The men walked the streets of Wuppertal at night wearing orange vests emblazoned with the words “Sharia Police” and sought to discourage young men from visiting bars and brothels and drinking alcohol.
The group, including Islamist preacher Sven Lau who was sentenced to a prison term for supporting a foreign terrorist organization in July, had been charged with breaking German laws prohibiting uniforms expressing a shared political opinion.
A lower court in Wuppertal had acquitted them, saying the men’s uniforms were not threatening or intimidating.
The federal supreme court, ordering a retrial, said on Thursday that decision did not explain how the men’s action might have affected the people they targeted.
With the dollar getting blasted
it’s amazing the PMs aren’t much higher … or maybe it’s not if you know why.
R640
Keeping players out by ragged starts? Mission accomplished.
There really must be some easy money to be stolen by keeping gold under 1320 and silver under 17.25
R640
Getting some bids in the PM shares…..baby steps..but that is probably allowed as SM is within touching distance of new Hi’s after the one day panic/collapse/end of the World as we knew it etc.
SIL-PAAS-CDE-not fazed by comex silver down 7 cent-HL’s been on fire the past few days-up 7% today-
Only SLv’s been hobbled the past fews day-down 2 cent
See!! I toldja these so-called rallies in PMs are always raged, quirky–divergent–capped and designed to occur with very few on board…
From a ZH reader…
Jan 11, 2018 9:18 AM Permalink
R640
The USD doesn’t matter. Sinclair was wrong.
HUI appears to have massive resistance at 195. Amazing that 195 is such a tough hurdle for an index that was over 600 seven years ago.
Portugeezer
O que a América e a Europa precisam é uma revolução fascista.
******************
Nada mais pode salvá-los. Isso certamente acontecerá no futuro próximo.
********************
Todos os imigrantes ilegais devem ser devolvidos aos seus países de origem
*********************.
Lamento dizer isso ... mas não há outra escolha.
**********************
A lei marcial deve ser implementada!
************************************
Maddog
Selling bonds and going into stocks or maybe even Bitcoin sounds about right to me.
We know where it won’t go.
morning Buygold
for my sins I saw some Bloombollox last night and caught a segemnt on Bonds…..just unreal talk as if all was normal in the bond world, no-one mentioned how the miraculous the overseas buying turned up, just took it at face value.
Talk is the SM may melt up, if rates keep rising, as money runs from Bonds into SM…..we will see some and only a little gets us moving, plus prices are dirt cheap.
Morning Maddog
Yeah, I don’t have access to bond prices at the moment, but I’ll take your word for it.
I do see the USD is getting smacked around again. No help to pm’s though. $1320 will be defended to the death. Silver is a joke.
Nothing matters, it’s always the same.
How’s that reality taste Jerry?
California’s Brown Raises Prospect of Pension Cuts in Downturn
Morning Buygold
Rates haven’t fallen, they are u from ystdy’s close, despite the China news.
The Bond buyers dilemna
snip.
Much money has been made investing across the tightening credit spectrum these past few years. It feels that party has come to an end. The mood was summed up by a conversation I had with one investor y’day as I tried to sell him a large block of peripheral European covered bonds: “Bill, even by your standards this is cheeky: you want me to buy a big block of bonds someone else wants to sell so they can realise massive profits… and you want me to do this on the very day the bond market turns decisively bearish?”
His comment is to the point: who will be the last fool buying spread product?
https://www.zerohedge.com/news/2018-01-11/bill-blain-market-mood-definitely-changed
There are trillions tied up in Bonds…some of it, maybe even a lot of it needs a new home…..
