Loading ...Even though they’ve put the cap on the metals, most of the shares seem to be doing pretty well.
Nice pre-mkt pop in PAAS
$16.90. +0.52 +3.17%
Morning Maddog
Randgold (GOLD) reported weak earnings this am. – down 8%. That will keep GDX from taking off and getting unruly.
What we need to see is the metals build on these gains, probably a fat chance.
At least the USD isn’t working against us.
Merkel: “Europe Can No Longer Rely On The US To Protect It”
https://www.zerohedge.com/news/2018-05-10/merkel-europe-can-no-longer-rely-us-protect-it
Mutti is smoking Skunk again…if she thinks it can defend itself…she should be saying Europe is defenseless, anyone can have it.
Dollar weak and PM’s strong…the scum may allow it as their beloved…. aka the SM is strong, as well…….lets see.
though scum look like they are saying $ 1320 is too hi, as dollar selling off still but AU being held….
the PM shares should break higher if au holds…but will they be allowed.
CPI just came out it was NOT high as expected yet gold jumped another 3 bucks-let’s
see if it can gold the gains–the $ is only down a mere .084…as usual gold shows a bit of strength “for no discernible reason”…the DAX is not following yesterdays U.S. rally–only up 19 pts
From Ponzi World
It’s Wednesday, so by law and VIX expiration, the casino must be up today. Here is a count that both Daneric and I can agree upon. Four months of non-stop denialistic bullshit, while the global reflationary mirage turned back into a pumpkin:
As I’ve said many times, this clown show only makes sense in the context of a dementia-ridden old age home, terrified of change, yet cannibalizing the status quo at an unprecedented rate. The inevitable consequence of the corporate perpetual growth model hitting the brick wall of finite reality: Debt-sponsored stock buybacks to give the illusion of profit growth.
Israel attacks Iranian military targets in Syria
So far, the Iranian missiles have attacked Israeli sites in the Golan Heights only. So far, Israel has attacked only Iranian sites in Syria. These Iranian sites are not being used against Syrian rebels, they are missiles and other systems to be used against Israel. So these are limited attacks by both sides.
Volcano Today
The lava lake at the summit, which was full to overflowing last week, has drained 970 ft. down the hole. Take a moment to envision a hole like a rifle barrel almost 1,000ft deep, with a lava lake at the bottom. This is such a dangerous condition that they have closed the National Park to visitors now. This morning a rockfall down the chimney resulted in an ash plume explosion hundreds of feet into the air. In 1924 an even larger explosion resulted when groundwater suddenly poured into a receded lava shaft and blew out the crater, throwing tonnage of rocks thousands of feet into the air. So the summit area is unstable and dangerous.
Fissure 15 opened on the east end and crossed Pohoiki road. On the west end, across Hwy 130, an area of steaming vents has opened up. Hwy 130 is closed where it crosses the rift line, with shifting 8-inch cracks across the road. This was the major highway into lower Puna. Hwy 132 at Kapoho is still usable but endangered. Government beach road is a jeep trail around the eastern Cape Kumukahi is the last line of evacuation of the southern shoreline area.
Sulfur Dioxide + water = Acid rain. Major concern now as Goldi noticed, with most homes on catchment water systems. I selected a subdivision that has our own private water system from a 400 ft well in the Mauna Loa aquifer, so I have good piped water to the house. I also have a water filter or three for emergency use. I’ve also ordered sulfur dioxide filter breathing masks just in case the plumes waft this way.
The earthquake swarms have lessened in frequency, but are still quite active.
Maya, apparently Mt Edziza in northern BC is acting up now. Volcanic activity is “volatile’ all over the world. Maybe due to magnetic field changes?
On another note, Ellidiott has the propaganda cubicle next to laugherNYC over at ZH.
You’d think the stink on the schtick would embarrass. Guess not…
Buygold
“Still pretty depressing that war always seems inevitable.”
Geez how many wars are going on? Plus terrorism. Plenty of bucks for the “Merchants of Death.”
Ipso
To be expected I guess. Maybe it’s not that big a deal and ZH blew it up.
Oil isn’t doing much and neither is gold. Markets always seem to know.
Still pretty depressing that war always seems inevitable.
This is how Reuters has it
Iranian forces in Syria shell Israeli army bases on Golan: Israel
JERUSALEM/BEIRUT (Reuters) – Iranian forces in Syria shelled Israeli army outposts on Thursday but caused no casualties, the Israeli military said, and the Syrian military was later quoted as saying its air defenses had confronted Israeli rocket fire on its territory.
Sounds like a bigger deal on ZH. But maybe they have more current info.
Buygold @ 19:11
Ain’t that just peachy.
Why people need a real check up
Lyme disease misdiagnosed as Alzheimer’s. Kris Kristofferson.
http://www.dailymail.co.uk/news/article-3679426/Oh-god-s-Kris-Kristofferson-slipping-away-Alzheimer-s-misdiagnosis-wife-says-husband-returned-Lyme-disease-treatment.html
Looks like things just escalated in Syria
Gold and Oil yawn…
Maya Do you have a water filtration system
All else fails you can get charcoal at fish aquarium stores and cotton anywhere.
But acid rain can contaminate household water supplies by leaching metals from building and plumbing materials, the USGS says.
That includes rooftop rainwater-catchment systems that Hawaii residents use for drinking water.
“In 1988, the drinking water of nearly 40% of homes using such systems in the Kona Districts of the island was found to be contaminated with lead leached by acid rain,” the USGS says. “Tests confirmed that the blood of some residents of these homes had elevated lead levels.”
Businger told Hawaii News Now that acid rain is not an immediate health hazard, adding that it’s “the least of their (residents) worries.”
Maddog
Notice how the phyzz has bounced back about the same time of last year so far but the stocks haven’t as far. Ps (2016) too.
Maddog @ 15:45 re: rial
I’m sure that there’s monetary warfare being conducted on Iran although it takes a lot of government fiddling to get the inflation rate up to 75%. Yikes!
Considering the surprising strength of the USD, the precious metals are holding up well
small profit today thanks to WPM, PVG and MUX..
What a scumtastic day in scumland
SM’s up @ 1 % or more, Dollar reversals stopped dead and the PM’s in no wheresville.
Later the tooth fairy will tuck you all up tonight.