Loading ...LOL
Yeah, I’m all loaded up on my SLV, GLD, NUGT, JNUG calls because we’re going to the moon! 🙂
I’m not a chart guy but it looks like we’re going back to $1250 at least. Really, nothing has changed IMHO. Pretty disappointing though.
Come on…that’s negative talk.
You mean you don’t have your boatload of SLV / GDX calls for expiry today?
That’s been a stellar strategy for so long now surely you jest on the negative attitude.
Come on…back up the truck….load the boat…full steam ahead.
Them bankers don’t have their finger stuck on the sell button over at the CME…no really.
Let’s make a bunch of new leveraged bets for the next options cycle cause it’s been a no brainer since 2011.
Chuckle
Well, because since the first of the year gold has flatlined and now appears to be rolling over. The pm shares have gone down.
The SM is back on an upward trajectory, and the USD might be turning higher.
So, why does it feel so disappointing? Because it is. Because it “feels” a lot like the last 7 years.
John Rubino
January 17, 2019
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin.
So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a big price increase. January is also the seasonally best time for gold and silver, since that’s when Asians stock up on jewelry to give at Spring weddings.
Meanwhile, gold and silver mining stocks had had a brutal 2018 and were poised for at the very least a nice bounce once tax loss selling ended in late December.
This was, in short, a set-up resembling early 2016, when precious metals jumped and mining stocks soared. The following chart shows the HUI gold mining stocks index more than doubling in the first ten months of that year.
But instead, we get this tepid move up in precious metals and an actual decline in mining stocks. On the following chart the purple line is the HUI:
It’s still early in what could yet be a strong first half (before seasonality turns negative and everyone starts saying “sell in May and go away”). And the deeper fundamentals – soaring debt, an ever-more-dovish Fed, insane politics – remain wildly positive for precious metals.
So patience is still in order. But jeez, some action would be nice.
Tariffs always protected. home industries and jobs. What have we gained by eliminating them…That EVERYMAN AND WOMAN can have 20 pair of shoddy shoes, Â a. closet stuffed with. cheap. clothing, a. TEE VEE Box in every room? A phone for every family member? The elimination of village. and hometown local businesses for Walmarts and Amazon? What gain in human happiness or satisfaction have we. had? Tariffs are. good–Globalists are bad…
************************************************************************************
The tariff history of the United States spans from 1789 to present. The first tariff law passed by the U.S. Congress, acting under the then-recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to run the government and to pay the interest on its debt), and also to act as a protective barrier around newly starting domestic industries.[1] An Import tax set by tariff rates was collected by treasury agents before goods could be unloaded at U.S. ports.
Tariffs have historically served a key role in the nation’s foreign trade policy and as a source of federal income. Tariffs were the greatest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.
Tariffs are now employed, among other cases, in the present trade war with China.
https://en.wikipedia.org/wiki/Tariff_in_United_States_history
The crap going on today really bugs me and I try not to sound like my father. I am so aware of the generational bias but I still think we are going down the sewer, even if many thought that 50 years ago. Cognitive dissonance? I am forced to deal with the LBGTXYZ thinking this is recent, yet the opening lines of Alvin Lee aren’t PC…
Too bad Trump didn’t wait till they got over there and made them find their way home on their own dime. Yeah pull their passports in Palestine and she can tell them she doesn’t believe in IDs or borders. Pelosi is so cheap it’s unbelievable.
Is she still getting paid while she was on vacation in Hawaii while thousands aren’t getting paid and sh s not at the WH? She’s got a free ride on our dime all her political life yet still a cheap selfish miser.
Her and shifty eyed Schiff were probably up to no good anyways.
At the heart of the issue…
don’t forget her security clearance. 🙂
I’ll raise you one….and cancelled her passport, LOL.
I think Sam Zell buying gold for the first time is a good sign. I wonder what he sees coming down the road that he’d need to have gold to hedge against?
He’s a smart dude.
Gold’s dimming supply prospects have caught the eye of one billionaire.
“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the pric
the only improvement i can think of is if he had let her go, then cancelled the return flight.
Pelosi denied use of Air Force Aircraft for overseas trip
https://www.foxnews.com/politics/tru…he-union-delay
President Trump on Thursday appeared to deny military aircraft to House Speaker Nancy Pelosi for an upcoming foreign trip, in response to her call to delay the State of the Union address amid the government shutdown.
In a stinging and curt letter, Trump said her trip has been “postponed.”
He wrote: “Due to the Shutdown, I am sorry to inform you that your trip to Brussels, Egypt, and Afghanistan has been postponed. We will reschedule this seven-day excursion when the Shutdown is over. In light of the 800,000 great American workers not receiving pay, I am sure you would agree that postponing this public relations event is totally appropriate. I also feel that, during this period, it would be better if you were in Washington negotiating with me and joining the Strong Border Security movement to end the Shutdown. Obviously, if you would like to make your journey by flying commercial, that would certainly be your prerogative.”
LOL 
The death of Canadian Kirk Woodman, who was abducted in Burkina Faso this week and whose body was found late Wednesday with gunshot wounds, has highlighted the growing instability in the Sahel region of West Africa, where Islamist militancy is rapidly on the rise.
Sandwiched between Niger to the east and Mali to the northwest on the southern tip of the Sahara, landlocked Burkina Faso, which has a history of military coups and droughts, remains impoverished even by standards of the region.
In recent months the security situation in the country has deteriorated rapidly, forcing the government to declare a state of emergency in several northern provinces.
https://www.cbc.ca/news/world/burkina-faso-kirk-woodman-jihad-west-africa-1.4982262
“Buy Guns, Drink Beer, Eat Ribs” – We Need To Retoxify Masculinity
https://www.zerohedge.com/news/2019-01-17/buy-guns-drink-beer-eat-ribs-we-need-retoxify-masculinity
super lunar eclipse on monday….silver copper……………………….25 mins in
Some special interest person, or simply an asshole, stated “Tariffs are costing Americans money. Not China or the corporations”.
Well, if you are an American person or business and you constantly hurt your country off shoring and then importing, maybe you SHOULD be contributing Tariff dollars to your country for a change. Plus, if tariffs are high enough, (good) then the product could be made cheaper at home, more jobs thanks to the higher price.
The transition from bad habits (importing) to good habits (taxing imports) will hurt. No pain no gain.
If they think this is bad and need to ‘help’ the mkt here…..imagine what sort of crap is underneath this pile.
