The hog market exploded to the upside finally after the swine flu was in the news for months. The same buy signal has just occurred in the coffee futures. I missed the hog run by not catching the signal. I plan on being in the coffee run. I don’t know if PM will be a leader, follower, or run in the middle of the pack, but it will run. Hopefully, the hedge funds won’t cause a bloodbath before it goes.

rno, who catches every millionaire train just before it derails.

Why Gold Prices Will “Just Explode…In The Blink Of An Eye” (Frank Holmes=promises made; promises kept–LOL-LOL)

Mike Gleason: Getting back to metals here for a little bit. Gold and silver got off to a pretty start in 2019, it’s fallen back in recent weeks somewhat, but they’ve been pretty fickle, Frank. Positive developments for gold, such as the Fed doing an about face on interest rates, hasn’t really provided the bump that many thought it would.

What do you make of the recent action in the metals, where do you think they might be headed in the months ahead? Will we finally get a sustained upside move and take out some of these major overhead resistance levels, say $1,350 – $1,375 in gold and $16.50 – $17 in silver, what are your thoughts there, Frank?

Frank Holmes: I think it happens in a New York second, and then it’s going to go sideways for a while but it’s just going to surprise everyone and just explode. And find that new level and hang around $1,400. That’s my thoughts on it and it will surprise in the blink of an eye how that happens. There will be some type of event and I believe that the peak gold is here. So, if we have rising in the amount of printing money and GDP per capita is rising around the world and with the cultural affinity for gold… we have peak mine supply, I remain pretty constructively bullish.

https://www.gold-eagle.com/article/why-gold-prices-will-“just-explode…-blink-eye”

Yet while retail investors, which traditionally prefer ETPs to hedge exposure, have been loading up on crash bets, institutional investors which traditionally prefer the greater liquidity of the futures market, are taking the other side of the volatility trade and as the latest CFTC commitment of traders report shows, the speculative net short position in VIX futures is approaching a record,

**************************************

And so the question emerges: who is right – retail investors, who are not only pulling billions from equity funds but have pushed their crash bets to all time highs via VIX ETPs, or institutions, who oddly are on the other end of the spectrum, and not are complacent to an almost record degree, but in their pursuit of yield and carry trades have pushed the net VIX futs short position to unprecedented levels. And while conventional wisdom would say that institutions, i.e., the smart money is always right, for the 9th year in a row, hedge funds and their peers are underperforming the market (with macro funds getting demolished once again).

https://www.zerohedge.com/news/2019-04-13/war-has-broken-out-vix-complex

If it’s the “Rubino curse” then it’s also every other gold analyst who are bullish curse also! 🙂

Have a great day!

German Lawmakers Consider Expropriating Private Apartments To House The Poor

https://www.zerohedge.com/news/2019-04-14/german-lawmakers-consider-expropriating-private-apartments-house-poor

Since we had a decent Monday, I let Rubino off the hook.

Let me be clear, this latest trashing is the result of: THE RUBINO CURSE! 🙂

I guess I’m in it for the long haul too.

Not a lot of other choices 10 years into a SM bull run. Nothing seems cheap to me anyway.

On the other hand, if Krudlow had said the SM will never go down again in his lifetime, I suppose we’d have to believe him.

Trying to stay positive is really tough these days.

seen any of my woodpile photos for some time. I mentioned at the time that my woodpile was drawn down, but now just wanted you to know that I am once again adding to the woodpile. Cheers. Equiz

Then The Tables Turned

https://intellectualfroglegs.com/the-tables-turned

Just click the link  should work.

I was thinking of the PM shares as being like an MC Escher painting … with stairs that only go down. Only joking a little.

I’m in for the long haul one way or another.

I told you about this years ago.

Even when they run out of physical the bankers will continue trying to keep commodity prices contained.

With consumers tapped for reals now, they must.

They must keep general price levels contained, giving consumers more money to pay the bankers ever increasing interest.

It’s either that or the Ponzi collapses.

One day it will get away from them but like you say…might be dead by then.

This is why I can’t understand why everybody is so bullish on precious metals with the bankers and their buddies willing to do anything to keep them contained now. Especially with the stupid speculators, both large and small, helping them by playing the game.

Like I said, it won’t change until these idiots (speculators) are dead (either literally or financially) because they are addicted gamblers with nothing to lose and looking to make up for previous losses — so they will never stop until they are dead. (i.e. this lunacy could go on another 10 years — who knows — you think somebody who bought in 1980 envisioned a 20 bear market? (certainly Doug Casey didn’t) — but it happened.)

Psychologically they (today’s speculators) are certifiable — not that many would agree with such an assessment because of the implications about our society as a whole.

Cheers

Last week Krudlow said rates would never go up again in his lifetime.

That’s funny, I was thinking gold would never go up again in my lifetime.

Now we have to worry about things like “Indian Wedding Season”

Geesh, I thought gold actually had monetary value, I guess Bitcon the invisible money has replaced paper and more importantly, real assets.

http://www.kitcometals.com/charts/zinc_historical_large.html

kitco shows lme warehouse stocks continue to drop.  stock on hand is half what there was in february.  this is only april.  a 50% drop in two months.

if this rate continues another two months, the cupboard will be bare.

is there some detail i am missing?  is lme warehouse stocks not a reliable indicator of inventories?  is everyone going to stop using zinc in june?  (corrosion prevention, alloys, medicines, fertilizers, pigments, coinage…?)  is there dormant production capacity that can be brought online without lead-time?  is there some huge unreported stockpile somewhere in the shadows?

if the kitco chart has any validity, prices should be skyrocketing by now

I have tried twice to short the S&P 500 since the lows in late-December taking small losses in January and a very small profit mid-March when it lost almost 100 points from the first assault on 2,800. Now we are comfortably above 2,900 and within 1.13% of all-time highs as macro-economic risks have been ignored as investors correctly EMBRACE, rather than FIGHT, the Fed and the tape. In early January, I was ruminating over the obscenity of the Fed and Treasury Department interference so blatant in late December and early January when I typed: “However, as I debate the notion of a V-shaped bottom for stocks leading to new highs in 2019, I am mindful of the results of the results of the Santa Claus rally and the First Five Trading Days rule which would suggest that 2019 has a 70-80% chance of being an “up” year.” Would that I could have listened to my own advice by going outright long instead of awaiting the now-archaic “re-test” which can only occur in free markets, not the abominations with which we must contend today. We are so very close to all-time highs with the interventions so powerful that it is a near certainty that 2,940 will soon be in the rearview mirror. I will refrain from joining the crowd of euphoria and avoid long positions but I will be looking to establish shorts in the event that the champagne corks are popping in the next two weeks. For the gold sector, the danger lies in the disappearance of “The Fear Trade” and with the seasonally-dormant “Love Trade” (Indian wedding season and Italian jewellery trade) purchases months away, the precious metals are vulnerable to irrelevancy, no surprise given the hostility of the interventionalists and the fickleness of cannabis and crypto zealots.

MJB

http://angrygeologist.blogspot.com/

Georgetown University students voted this week in favor of a resolution that will force them to pay an annual slavery reparations fee.

https://www.breitbart.com/education/2019/04/12/georgetown-students-vote-to-pay-annual-slavery-reparations-fee/

…that SLAVERY was abolished with the Civil War.

Are gonna be hard to prove.  Only have conjectures that he colluded with the he she person. He might be Trump’s secret weapon to take down more of the deep state characters and hopefully the she demon Hitlery. He will be exonerated based on the flimsy charges. The Truth shall set us free and put some of the weasels in the “big house”, I hope.

In that case I’m sure gold would be up at least $5!

Yeah I suppose. A 9.0 earthquake on NYC works for me but I won’t hold my breath.

The whole pm market gets old, really old.

Ecuador traded a LOAN from IMF, which the entire Ecuadorian people will be indebted to for decades to come while the country’s resources have been collateralized FOR THE BANKS’ BENEFIT, and threw in Julian Assange as a bonus.

Do you see how that works? An existing life has served as a bargaining chip for… A LOAN, repayable by the people WITH INTEREST!!! If it is not using humans as a collateral, I don’t know what is.

Mr. Copper, that is one fine website, thank you.

Buygold, anger will strip you of your adrenaline and that will mess with your adrenal system, which protects your immune system.  Try to stand back without emotion and just watch as if you were in the movie theater instead of involving your health.

A prophet I listen to has recently stated that a 9 point earthquake will strike NYC.  Just ponder what that will do to Wall Street and those who manipulate the metals.  This nightmare they have foisted on us all these years is about to draw to a close.

Never be sorry to disagree with me, I love all you guys, were a family. Besides I’m always willing and want to learn. Is there any particular power you are thinking of that they are gaining on? If you say power over Gold?

Yes they are holding it up. If its drops it would suggest a deflationary situation unfolding. They can’t let that happen. They know the system is trying like hell to go naturally into a deflation. That’s why interest rates are so low.