Posted by Maddog
@ 9:32 on June 6, 2018
Posted by Mr.Copper
@ 9:14 on June 6, 2018
If or when TPTB abruptly drop the paper Dollar, paper Gold and physical gold should go up. Naturally, incorrect or unnnatural paper prices has an affect on supply or demand, depending on the distortion. Besides all that, the Trump effect starting in mid 2016 disrupted all the prior trends. Gold was roaring away, and the Dow was getting tired.
Posted by Mr.Copper
@ 8:44 on June 6, 2018
In my opinion TPTB raised it manually abruptly in mid 2014 from 80 to the 100 area. They took away our export punch bowl, and handed it over to Europe and Japan. How long are they going keep this crap up?
Posted by Richard640
@ 8:43 on June 6, 2018
Posted by Captain Hook
@ 8:34 on June 6, 2018
Dream all you want.
Because of the rig and the fact idiot market players have fallen for the hoax…i.e. buying fake precious metals instead of the real McCoy…this condition will be with us for a very long time. The only way precious metals can rally is if the idiot paper/digital players get bearish and start betting that way in the derivatives markets.
When is the last time you ever heard one of the yocals talk about buying puts on SLV or GDX?
Answer: Never. And you never will because of the ‘fundamentals’.
Only one problem. The computers don’t give a fig about the fundamentals because they are programmed to exploit the idiots buying the PM ETF/stock calls.
So unfortunately, PM’s are now nothing more than the status’s quo’s whipping boy in spades…where the only way they will ever go anywhere except in the toilet is if the speculators start thinking deflation — or in the end game — which might look like Mad Max if Venezuela is any indication.
We got inflation all right…but because of the rig…it all goes into the stock market because the speculators there are always bearish…and betting short. (think short squeeze)
This is why stocks can go higher.
Cheers
Posted by Mr.Copper
@ 8:28 on June 6, 2018
Just wondering, how long it takes for moltin lava to cool down. They say melted rocks. But after it gets hard it doesn’t look like rock. And what kind of alleged rock is it? Granite?
Posted by Richard640
@ 7:30 on June 6, 2018
China Offers $72 Billion MLF “To Ensure Banking Liquidity Remains Stable”
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Posted by winedoc
@ 6:47 on June 6, 2018
Hey All
Still hanging out
Thanks to all the admin for doing all the work required to keep this site up and running and providing us a sweet place to hang out
I haven’t been through such a long consolidation in my investment lifetime (precious metals) but who said it would be easy ?
Onward Pilgrims
Winedoc
Posted by Maddog
@ 5:43 on June 6, 2018
Britain’s historic EU NEAR MISS: How the Brexit vote SAVED the UK, by PAOLO BARNARD
https://www.express.co.uk/comment/expresscomment/697252/Brexit-EU-Referendum-Paolo-Barnard-Brussels-Italy
The above is a major part of why the Italians are so pissed off and the new Government is driving flat out to confront Brussels.
Italy’s Populist New PM Vows to ‘Bring an End to the Immigration Business’, Welcomes ‘Populist’ Label
http://www.breitbart.com/london/2018/06/06/italys-new-pm-vow-end-immigration/
Italian rates are blowing out again today. 2’s are up 21 % to 1.23 %….10 yr spread on Bunds up 4.5 %, the 2’s is up 10 %……but u wouldn’t know it looking at PM’s or the S&P, tks to the Rig.
By the way remember these spreads barely move normally , so position sizes will be humongous, as will the losses.
Posted by Maya
@ 2:48 on June 6, 2018
Silver Train station. Two ‘Coast Starlights’
and a Surfliner take their turn at San Luis Obispo
http://www.railpictures.net/photo/659253/
Posted by Maya
@ 2:46 on June 6, 2018
I cannot find on the local websites how many homes have been destroyed in Kapoho, but the TV news headlines tonight say “hundreds”. This is a big deal, because the threshold for Federal FEMA aid is 173 homes destroyed. We had about 85 at Leilani so far. The Kapoho shoreline was dense with homes, so I am quite sure we qualify now as a ‘Federal Disaster’. (Another reason to run for your lives!)
Posted by goldielocks
@ 23:54 on June 5, 2018
So far Newsom a Demo who wants to double the tax, increase property tax and against the gas tax repeal a real creep and Cox a republican against all those taxes in the lead of two runners not dependent on party. Was hoping the only two Republicans would be in the lead and at the same time feared it might split the vote.
Posted by Richard640
@ 22:48 on June 5, 2018
Posted by Richard640
@ 22:27 on June 5, 2018
When liquidity dries up and it’s time to sell there will be no buyers.
Markets will go from one circuit breaker to the other.
Then markets will be closed for days because of the chaos.
Central banks will do QE4 QE5, helicopter money and the financial system will eventually break down.
Just buy a crystal ball and you will see the same.
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After being wrong on almost all it’s doomsday predictions the last 9 years, I guess the blind squirrel known as ZH is about to find a nut. Congrats. Too bad stocks are up 300% and gold is down 30% in that period.
Posted by goldielocks
@ 22:03 on June 5, 2018
ROFLMAO Too funny, only if it were true.
On your pictures. Those houses remaining wow, they’re surrounded. Lucky so far but no roads back in. See a lot of them that appeared to be around them in earlier pictures are gone. Devastating pictures of all that land gone. Pele will not allow over population on her island.
Posted by Maya
@ 20:45 on June 5, 2018
Kapoho Bay is now Kapoho… Peninsula. Hottest new land on Earth.
Meanwhile, several miles upslope, there is no sign of it slowing down. 400,000 cubic yards a day of liquid paving rock.
Courtesy of USGS.
Posted by ipso facto
@ 20:32 on June 5, 2018
“3 1/2 years old”
D’oh! Well it certainly isn’t driving up the price!
Posted by Maya
@ 20:31 on June 5, 2018
Posted by goldielocks
@ 19:42 on June 5, 2018
Posted by treefrog
@ 19:18 on June 5, 2018
“Ahhh, finally we are getting near a gold bottom?
here it is!!!
Posted by Maddog
@ 19:09 on June 5, 2018
That Vlad article is 3 1/2 years old !!!!
But is does explain that there are serious buyers out there, which is obvious….the scum however are immune to all rules…for now.
Posted by Mr.Copper
@ 19:06 on June 5, 2018
re part:
“existing owners are selling while the number of new gold investors just fell to fresh multi-year lows.” “last month saw the lowest number of new precious-metal investors since May 2014. Down 27.7% from the previous 12-month average”
Comment: Ahhh, finally we are getting near a gold bottom? No. The gold bottom was late 2015. Even with very little buying. So its a bottom for demand only not price. Sounds good to me.
Posted by Captain Hook
@ 19:03 on June 5, 2018
That may be true, however the ones that are in this market are bullish as hell. Can’t get enough of those GDX, NUGT, GLD, and SLV calls.
That’s why PM’s are F’d.
To da moon Alice.
Chuckle
Posted by ipso facto
@ 16:42 on June 5, 2018
“first time you’ve heard of it”
Yeah me too I sure hope it’s true. Yep it makes sense for Putin to keep it under his hat.
If it is true you’d think it would start having a major influence on the price …
Posted by goldielocks
@ 15:57 on June 5, 2018
Look at this aluminum jet about totaled by hail.
Question comes then why can they fly through a building of cement and steel when they’ve stopped by birds or hail.
https://www.google.com/amp/s/sputniknews.com/amp/us/201806051065127287-plane-hail-storm-damaged/
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