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Would probably not be a good thing if the SM gains melt away today.
Maya, take a bow, that was your most spectacular pic ever. Engineering Elegance.
That was a double entendre BTW
SnG, I’ll come down and see you one of these days, maybe more spring time. I have a sister in Peachland, so maybe something at the Summerland or Penticton Yacht Clubs that I want to check out while I buy you lunch…
What do you hear on Westhaven Ventures, Spences Bridge/Brookmere area, close to your old stomping grounds?
Gren Thomas play, ARU comparrison
macroman3 @ 1:02 on November 23, 2018 …… Sorry to be so tardy in responding to your post.
Just back on line…..and yes…..it would be nice to have a get-together and compare past experiences. Not as easy as it seems though since I still have animals to feed twice daily. So it would have to be at a time when you happen to be down this way. I don’t roam much beyond Penticton, especially this time of year…..maybe as far as Summerland on rare occasion….. but that’s about it.
I agree about Coalinga….except for that 1018 acre cattle ranch. It was a JEWEL found no place else on earth that I ever saw. 1018 acre beautiful level valley with fertile soil, occasional pines, and an all year creek running through the entire valley. But what made it so special and spectacular was it was surrounded by rimrock about 50 ft high and there was only one entrance/exit to that valley. Lots more to that story but it’d be crying over spilled milk and hard to tell what future turn my life would have taken if I hadn’t been cheated out of it.
On your next post….no, his name didn’t end with stein, it ended with man.
And Portugeezer @ 4:30 ….Love the humor. LOL!!! But not many people know that all of the streets in that town were numbers rather than names, i.e. 1st, 2nd, 3rd, 4th, 5th Street, etc. LOL!!! (Just for the record that’s pure Silverngold bullshit LOL)
Richard
There are a lot of different water snakes including in Wisconsin. Maybe it was a milk snake that has the same colors or for some rare reason it was a coral who knows. I remember standing in a water hole probably where those boys were heading that day they ran into the snakes and looked down and saw a snake swim right past my feet while I didn’t move till it passed. It’s a creepy feeling.
The people who take kids at that camp should be aware of what’s there.
Check this out. This poor baby iguana was born in snake city. Just insane.
One Islsnd I wouldn’t want to get stuck on other then a bounty of snake meat.
R640 – Bitcoin
Wow! From $20K to $3.8K! Looks like most of my pm stocks.
I’ll be loading the boat when Bitcoin gets to $10 and AMZN get to $50. 🙂
Big question. Will any of the fleeing cash ever start buying pm’s??
And the Messiah’s coming too=…for what I believe will be the most spectacular rally in Gold ever seen, eclipsing that in the first half of 2016.
So the big question is: why isn’t Gold rallying to a greater degree already, given such extreme positions held by both the Funds and Commercials? The influence of China on Gold since April is the primary reason, but considering this solely from a positioning perspective, I still believe we may be seeing a repeat of late 2015.
What I mean by this is that Funds were record short in July that year, when the price hit a low of 1072—its lowest price since February 2010. This was followed by a sizeable rally to 1191 in October that year, only to fall to a lower and final low in December, when the price reached 1045. Funds were holding even greater shorts at this point, a new record low. The dumb money was wrong at the worst time yet again, and Gold proceeded to have one of its biggest rallies in history over the next seven months. What if this is now playing out again?
Funds held a new record net short position on October 9, when Gold retested its closing low of 1184 in August. Then Gold rallied to 1246, as that short position was cut by 65% in two weeks, similarly to October 2015. We may need to see another record short position this time around before the final low is in place, just as in December 2015. Given the size of the short position on October 9, this would have to be a truly gargantuan level of shorts. This scenario also means lower lows for Gold prices, just as in December 2015.
This makes sense given that it sets us up for a massive rally to follow. It also marries well with the ideal scenario for a bottom based on sentiment, specifically the 21D MA, and a positively divergent lower low. Taken together with likely oversold yet positively divergent technicals, this also matches the fundamental thesis provided last week and would provide the perfect combination for what I believe will be the most spectacular rally in Gold ever seen, eclipsing that in the first half of 2016.
Ororeef–thanks for the great charts–I also think a major bottom is lurking somewhere out there in
the financial landscape…I also think now is a low risk environment/time to start building a position…
Goldi-Looking back, I know it sounds nuts but there was a snake in the lake where the campers swam
I saw it and many others did too–even the councilors were discussing it and said it looked like a coral snake…I wonder what it was?–I can still see it today in my minds eye-it was very colorful
Treefrog
Lol I believe in live and let live. If it’s not bothering people or me I’ll leave it alone. I killed two rattlers as a teen climbing some waterfall cliffs that were in my path after I went back when I heard some kids following us scream and saw the rattlers thinking the bit them. I felt bad about it after. However my step father part Indian a kinda Billy Jack type wanted me to go back and get them to make belts or something out of them. The corals would make colorful hat bands though. Livings hard enough for wildlife why make it harder on them.
goldi,
if you cut the head off a coral snake and take it to a herpetologist, it will surely not bite you.
likewise, if you cut the head off of a king snake and take it to a herpetologist, it will not bite you either.
the trip to the herpetologist is optional.
Treefrog
These are a milk snake and king snakes. All have black noses. One has irregular pattern and probably more confused with coral.
Only thing for sure is regular patterns and if they have fangs it’s a coral.
goldi,
even easier way to identify, coral snakes have black noses.
to be sure, cut the head off and take it to a herpetologist.
Richard
No coral snakes either. But then the south didn’t have boa’s in their waters either till people started putting them there.
Here’s a rhyme to remember after some kid chased me around with a king snake telling me it was a coral as a kid so motivated me to learn.
The coral snake rhyme varies from person to person, but the general premise is the same: Red touch black, safe for Jack. Red touches yellow, kills a fellow. The coral snake will have bands of red touching smaller bands of yellow. It is very uncommon to find a coral snake.
Morning R640
Concur with “the wolf of wall street”
This was a really bad week for the SM in what is almost always a light volume melt up.
Still don’t see a meltdown on Monday, probably DOW futures open up 100 then slowly melt all day. That has been the M.O.
Feels a helluva lot like 2001 to me and that’s going to be very painful for the SM – a long, slow, depressing selloff
Why I Think this Sell-Off is Just One Step in Methodical Unwind of Stock Prices–with 38 learned comments–by Wolf Richter • Nov 23
One after the other, individual stocks are getting crushed.
It was an ugly Monday and Tuesday followed by a Wednesday that at first look like a real bounce but ended with the indices giving up their gains. This was followed, mercifully, by Thursday when markets were closed, which was followed unmercifully by Friday, during which the whole schmear came unglued again.
The S&P 500 index dropped 0.7% on Friday to 2,632 and 3.8% for Thanksgiving week, though this week is usually – by calendar black-magic – a good week, according to the Wall Street Journal: During Thanksgiving weeks going back a decade, the S&P 500 rose on average 1.3%.
This leaves the S&P 500 index 1.5% in the hole year-to-date. It’s now back where it had first been on November 30, 2017:
Clearly, when seen over the longer term, the sell-off for now still belongs to the small-fry among sell-offs, with S&P 500 down just 10.5% from its peak:
Why I Think this Sell-Off is Just One Step in Methodical Unwind of Stock Prices
Ororeef–the hate Trump media has coordinated to release this. government climate report
The report is a deliberate effort by long time, embedded, democrat bureau-rats to smear Trump and the republicans–it’s part of the 2020 election campaign that has quietly been underway
Goldi–u may be right-that was back in 1950-53–yes, I have seen rattle snakes in wisconsin-
one day we saw a snake in the lake that looked like a coral snake…
Among the roughly 21 species of snakes that call Wisconsin home, there are two that are venomous – the timber rattlesnake and the eastern massasauga rattlesnake. Both snakes live in the southwestern part of the state. According to the Wisconsin Department of Natural Resources, timber rattlesnakes live among the rugged open bluffs of southwestern and western Wisconsin. The snakes eat a variety of rodents.
Richard 20:13
There are no copperheads or water moccasins in Wisconsin but sometimes water snakes are mistaken for them. There is quicksand under the water in places in Wisconsin so you have to be careful and sometimes leaches and rattle snakes. Illinois has them though. If you did see them that is interesting.