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| justa nother chuck hole…on the road to happiness……..since as far back as i can remember most people have been unhappy about the stock market…yet here we are |
It’s getting that way here too.
R640
Re The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation
The Rig is stopping all normal checks, which if working would have trashed the mkts……and yes don’t they love to boast about low inflation….check what u have in yr pocket after a night out.
I just paid $ 25 for 1 gin and tonic, a glass of Prosecco and a Coke, in a London bar and it was anything but a top joint…..Inflation is everywhere, except in the Statistics.
Doin the Fibs on silver…wishful thinking…would that it were true…
Silver Sets Up A Long-Term Wave B Bottom
Our proprietary Fibonacci price modeling system is suggesting that Silver has setup an ABC bottom in Oct/Nov 2018 and has already initiated an A/B upside price leg that should result in a C or C/D/E price advance over the next few months. Our Fibonacci price modeling system is suggesting an upside price target of $22 per ounce for this move, which breaks the previous July 2016 highs of $21.22. We believe the ultimate upside target of this next bullish move is bear $28 to $29 based on longer term Fibonacci price modeling.
Initially, this upside move must break the $16.30 level, which represents immediate resistance. Then, it must push above the $18.66 level, which represents secondary resistance. Once Silver passes the $18.66 level, the last leg higher will attempt to break the $21.22 level and push up into new recent highs (higher than the 2016 highs).
We believe the current US Presidential election cycle will be full of twists and turns – most of which will be very public and explosive. We believe this election cycle will create a certain level of fear in the markets that is above and beyond what we have seen over the past 15+ months. In a method that is very similar to what happened in 2016, the public will become entrenched in the election cycle process and the global economy may suffer slightly as the political shenanigans continue to play out on our TVs, newspapers and web browsers.
The October/December 2018 lows were, most likely, the lowest price levels we will see going forward. Additionally, the current price levels, below $15 per ounce, may be the last time we’ll have the opportunity to see prices this low in a number of years. Our price modeling is suggesting that Silver and Gold will begin a Momentum Base Rally from these lows that may last many years.
Wolanchuk today…
From Murph this afternoon.
Over before it began
Bill,
Today felt like it was over before it ever began. For all intent and purpose they could just suspend silver trading until further notice. It’s coma-like existence lately is virtually indistinguishable from NOT trading. Up a penny, down a penny, while the trading volume ticker just keeps whirling. The Tropic of Torpor has turned into Death Valley. If there was a VIX index for silver it would have to be somewhere around 0.25, or LESS.
Gold gained a lousy $1.80 yesterday while its open interest was gaining a hefty 7,551, proving the “resolute sellers” were alive, and cartel monkey suits. The duck quacks daily in spite of what COT indicates. Today’s gold trading volume has already exceeded a hefty 210,00 contracts by 10:30 am, with gold off 90 cents. Safe to say open interest should see further gains when it’s tallied up for the day.
The biggest DUH headline of the day comes from the clueless folks at Kitco, courtesy of a blind leading the blind interview.
Gold Prices Are Not Yet Reflecting Reality- Fund Manager
Ya think? Too bad there’s nobody to investigate WHY.
Moggy
A picture that tells a 1000 words.
Immigration displaces American workers
To the disgrace of republicans and democrats in both senate and house….and he who sits in the WH.
No stopping KL good management
And or good PR. Thought it might have a pullback but then news.
https://finance.yahoo.com/news/kirkland-lake-gold-kl-beats-113511736.html?.tsrc=applewf
Moggy @ 11:15
Funny thing is … if I was a poor Mexican I’d probably take the shot at a better life. Not much to lose.
But from this side of things … we need a better fence.
Goldie … yep we have some immigration laws that need changing.
Is Shadow Stats using stale data? [klik the pic]
The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation
Maybe using data from a few decades in the middle of the 20th century to set policy in the 21st isn’t such a good idea.
https://www.nytimes.com/2019/05/03/upshot/unemployment-inflation-changing-economic-fundamentals.html
Ipso 10:53
Yep and then they help others get in with illegal chain migration going on too. The stupid laws here are a invitation enriching the human traffickers.
Ipso
Better if they weren’t allowed in in the first place.
Good! Otherwise they get released into the US and never show up for their hearings.
Appeals court allows U.S. to keep sending asylum seekers to Mexico
What Africa and Venezuela need
is more Democracy ,,,,,hehe its like saying they need more Stupidity ! The more Democracy they get the further down the rabbit hole they fall ! It wasent Democracy that got China out of its misery was it ? They decided to adopt what Singapore did and keept their Communism ….
The United States is headed down the same path ..more Democracy is bringing in more un educated idiots that vote for who makes the most unkept promises …Its the same theory that says give the Stupid one a chance to govern because the only reason he is poor is he never got a chance to govern …what idiotacy !…Put Stupid in charge ..yeah thatll fix everything !…Put a woman in the Presidency simply because we never had one ,sure thatl make everything better just like put a black in the Presidency for the same reason ….Putting anyone in charge without proof of them ever running anything profitable is lunacy ! Management skills would help ,if a new prospect learned to THINK like a Manager instead of what was good for their selfish interests. Yeah more Democracy thatll fix it ! Wheres the proof of that ? Africa and Venezuela need to invite the British in to teach them about Management also the way India is going they need to invite the British back ! It wasent Democracy that improved India it was good Management when the British were there .The big LIE that still prevails and is becoming very apparent is Democracy wasent the progenator of wealth ,it like communism ,it just spread it around for a while . Giving a false sence of well being.Now India ,Africa Venezuela are falling apart because they put “Stupid” in charge simply because he never ruled before …..There was a reason for that ! A good Manager leaves behind a stable economy that carrys on for period a time until “Stupid ” starts making decisions.
scum Rule No 1 of PM manipulation.
In the rare event of an up day, there shall be no follow through allowed on the following business day, on pain of death.
scum Rule No 1 of SM manipulation.
in the rare event of a down day, there shall be no follow through allowed on the following business day, on pain of death.
GT
Ps What I’m going to buy them all in these days is bullet proof back pack. I’m surprised some police don’t know about them cuz I told one about it in another state worried about his granddaughter. He’s all for it. Better than nothing. He gets first calls on his radio from his granddaughters school and something happened but was a false alarm. They have inserts u can put in any back pack or the back pack itself. I’m sure on little kids they’d be heavy though. A phone isn’t going to stop bullets.
Into the trash for good reason
Readers who have been paying close attention to every leak related to the ongoing US-China trade talks might remember this FT story from six weeks ago about Beijing’s penchant for returning trade-deal draft proposals to Washington riddled with red-line stikeouts.
We only bring it up now because, according to a play-by-play published by Reuters Wednesday morning, it appears President Trump finally lost his patience with Beijing when they returned a draft trade deal with strikeouts eliminating virtually all of the major concessions made during the past few weeks.
https://www.zerohedge.com/news/2019-05-08/heres-why-china-trade-deal-fell-apart
GT
I got a bunch of those watch phones from China cheaper than that from Wish but they only work along with another phones or wifi Anything coming from there is cheap can’t trust it and difficult to return. I bought her a iPad from there and it was terrible, was slow and they all stopped working in a week so got her another here. My daughter knows how to make phone calls on computers so she can teach her how to use it since all schools have wifi. She’s my step granddaughter and her mother always leaves things to my daughter to buy her or me her father or natural grandmother. Even Christmas dumps them off at the last minute saying she can’t afford it. She can afford it and why would she wait till Christmas Eve. Same with birthdays. My daughter always waits with giving gifts so when she pulls that they had things from Santa. Same for other Holidays and school field trips. So it’s the principle because who does that and balance that her and her brother so suffer they don’t from her games.
From Murph last nite–I love the title…clever and apt.
Days of whine and comas
Bill,
The relentless days of forced-comatose trading is as absurd as it gets. The cartel LONG ago gave up all pretense of appearance or subtlety, and now simply bludgeon the metals into a coma on a daily basis. Silver, being the kryptonite of the two metals, is particularly getting clamped down on HARD. Lately even a 3 cent move after 9:00 am is major volatility. Somebody needs silver to be sub-$15 in a bad way.
Every day gold and silver trading volume soars into the hundreds of thousands of contracts. “Experts” and “analysts” then apprise us as to why the metals were “flat”, or “lacking luster”, or were acting “counterintuitively” – again. It’s the WWE thing, except the WWE at least manages to look exciting. For decades now Kitco and all MSM have remained silent after gross manipulation on a daily basis. Bart Chilton avoided telling the truth about silver manipulation until shortly before his deathbed, showing the difficulty for many of even acknowledging it.
macroman3
Re Yr 00.00 post.
No need and serves no purpose…..but that sums up most of yr posts.